A published report says Mongolia plans to raise as much as USD 3 billion by selling a stake in its Erdenes Tavantolgoi coal-mining operation next year. The report by Bloomberg News quotes “two people with knowledge of the matter.”According to

A court in the Chingeltei district has sentenced O. Ganbold, also known as DJ Uujii, to 12 years for attempted drug smuggling. Hearing the case were two senior judges. Prosecutor G. Mijiddorj asked the judges to sentence O. Ganbold to

Officials say the number of Mongolian citizens incarcerated abroad is growing. A report says 50 Mongolians were jailed abroad in 2008 for human trafficking. Others have been charged with smuggling or drug crimes. Currently more than 20 Mongolians are incarcerated

The South Korean Development Bank will manage the Development Bank of Mongolia under the terms of an agreement signed yesterday at the Government House in Ulaanbaatar. The agreement follows the Mongolian State Property Committee’s search for an international “management team”

Mongolian President Ts. Elbegdorj on Tuesday met with Finnish journalists accompanying Finnish President Tarja Halonen on her visit to Mongolia. The president answered questions from representatives of the Finnish national television network YLE, the magazine Suomen Kuvalehti, and the newspapers

While tuition fees are rising, so are dorm prices. Students will pay MNT 240,000-500,000 to rent a dorm for the coming academic year, more than they paid last school year. A dorm at the National University of Mongolia costs MNT

Stationary and school uniform prices are rising just as the new school year begins. For example, notebooks normally costing MNT 100-110 each now cost MNT 130-150. Fiber-tip pens normally selling for MNT 1,500-3,000 each now sell for MNT 2,500-5,000.Other price

With the new school year just beginning, fears of traffic jams abound. Today a high-ranking official in the Auto Road Office said 60 percent of planned road construction has been completed. S. Tumendemberel, a senior engineer for road operation and

Officials say 56,000 children in Ulaanbaatar between the ages of two and five will attend kindergarten when the new school year begins. Of the city’s 275 kindergartens, 101 are privately owned and operated. The cost of sending a child to

A Russian research team recently came to Ulaanbaatar to test
buildings for earthquake safety. The researchers were led by G. I. Tatkov, of the
Russian Scientific Institute, and L. P. Berjinskay, an expert in
earthquake-proof construction who had previously worked in Mongolia. They