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Little chance for Mongolian companies to develop Tavantolgoi

The Government meeting on Tuesday could not discuss the Tavantolgoi issue as planned because most of the Ministers had just come back from foreign visits and pleaded lack of preparation. The ordinary people still do not know what the Government’s

Diplomatic enclave planned

Mayor G.Munkhbayar and Minister for Foreign Affairs G. Zandanshatar signed a cooperation agreement for 2010-2012. The Foreign Affairs Ministry wants to have an exclusively diplomatic enclave in the city and also to make additions to its own building. The Mayor

Meat prices keep going up

The National Statistics Bureau reports that the price of major food products is up 7.7 percent over last month and 3.3 percent over last week. The biggest rise has been in meat prices. On April 14, the price of mutton,

Children’s cancer center established

A medical center for children with cancer, built with MNT 51 billion raised by the Mongolian National Broadcaster through a program “Together against Crisis”, was handed over to the State on Thursday. The ceremony was attended by Minister for Health

Khan Bank receives applications for academic scholarship

Khan Bank Foundation has awarded over 400 scholarships to help promising Mongolian youths pursue higher studies in the last three years. The scholarship program underscores Khan Bank’s commitment to the social and economic development of Mongolia.
This year, too, the bank

Habitat to build homes at Bayanzurkh under special program

Habitat for Humanity Mongolia has launched The Blue Sky Community and Environment Investment Fund as part of the Blue Sky Build Campaign to raise money to build key community facilities at a Bayanzurkh site between June 28 and July 2.

Hopu buys share of company carrying Mongolian coal

Hopu Investment Management Co., along with two Chinese firms, has signed a USD110-million deal to buy a 20% stake in Winsway Coking Coal, in another venture into Mongolia by the Chinese private-equity firm founded by top China dealmaker Fang Fenglei.

Gulfside files writ in Sukhbaatar district court

Gulfside Minerals Ltd. has filed a writ in the Sukhbaatar District Court, seeking to rescind the transfer of shares of ECM LLC, the company holding the Erdenetsogt exploration license to Mangreat Group Ltd., a British Virgin Islands company. The basis

Drilling to begin at Chandgana Khavatgal

Red Hill Energy and Prophecy Resource Corp. have announced the award of a contract to commence a ten-drill hole, 2,200-metre resource expansion drilling program in early May, 2010 at its Chandgana Khavtgai Coal Project located in the Nyalga Coal Basin

Ivanhoe will have 6 directors, Erdenes 3 on Oyu Tolgoi LLC Board

Ivanhoe Mines has listed some noteworthy provisions of the approved investment agreement and shareholders’ agreement that have now come into full effect.
• Mongolia’s state-owned company, Erdenes, will acquire a 34% interest in the Oyu Tolgoi Project within 14 days of