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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Government to discuss proposed 2012 budget

At Wednesday’s meeting of the Government, members decided to once again discuss the proposed 2012 budget, as well as the social insurance and Human Development Fund budgets. This follows suggestions from MPs that the Government should focus on these issues.Members

Ivanhoe shares bounce back

Ivanhoe Mines Ltd. rose 16 percent on Tuesday, after Rio Tinto Group, its partner in the Oyutolgoi project, increased its stake in Ivanhoe to 49 percent. That’s Ivanhoe’s biggest rise in more than two years.According to Bloomberg News, Ivanhoe rose

Speaker meets with outgoing Japanese ambassador

Speaker D.Demberel met with the outgoing ambassador from Japan, T.Kidoro, at the Government House on Wednesday.T.Kidoro has served as the Japanese ambassador to Mongolia for two and a half years. D.Demberel praised the ambassador for his efforts toward furthering mutual

Cabinet to discuss explosive issue

The first item on the agenda at Wednesday’s regular meeting of the Cabinet is an explosive one. Really. The Cabinet will consider an amendment to the law that regulates the use of dynamite and other explosives. Previously, the Ministry of

Heavy snow cuts power in some areas

Heavy snow Tuesday night and Wednesday morning knocked out power in parts of Darkhan-Uul aimag. Our correspondent spoke by phone with Darkhan-Uul Governor G.Erdenebat, who said, “Electricity went out in an industrial region of Darkhan-Uul after 17 utility poles along

Mongolian boxers off to good start

Mongolian boxers are off to a good start at the AIBA World Boxing Championships in Baku, Azerbaijan. In the first round on Tuesday, Mongolia’s N.Tugstsogt defeated Bulgarian boxer Stefan Ivanov 22-15 (7-6, 6-4, 9-5) in the 52 kg division. Also

Rio Tinto official: Renegotiation request is about politics

The controversy over the Mongolian government’s request to renegotiate the Oyutolgoi mining investment agreement continues. The government has announced that it would like to increase its stake in the mine from the previously-agreed 34 percent to 50 percent.Last Sunday, Cameron

MPs working abroad

According to information provided by Parliament’s Office, 66 MPs are in Ulaanbaatar and 10 MPs are working in the countryside or abroad. S.Bayar is working in China until September 29. S.Byambatsogt is working in Hong Kong and J.Sukhbaatar in the

Inflation could reach 20 percent

The World Bank says Mongolia’s economy kept growing in 2011, according to a report in the newspaper Uls Turiin Toim. Growth was measured at 9.9 percent at the end of March, and at 17.3 percent at the end of June.

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