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Singapore-Mongolia economic ties growing steadily

Economic ties between Singapore and Mongolia are growing, said Prime Minister Lee Hsien Loong as he met his Mongolian counterpart who is in Singapore on an official visit. Noting  that with huge mineral reserves of coal, copper, gold and uranium,

New national policy on disaster management under study

The cabinet discussed on Wednesday the draft of a resolution on a new state policy and program on protection from disasters that will be submitted to Parliament for approval. Proper disaster prevention and management suffers as the country does not

Government to fix royalty rates every month

The Government has decided that the royalty for mineral resources to be paid by owners of special licenses will henceforth be determined on the basis of the monthly price announced at the website of the Ministry of Mineral Resources and

Japan ready to invest in mining, infrastructure

K. Ando told Senior Presidential Advisor P.Tsagaan on Wednesday of Japan’s readiness to invest in the mining and infrastructure sectors of Mongolia. He is chief of the Natural Resources and Fuel Department of the Agency for Natural Resources and Energy

Investment management firm launches MongoliaCentral Asia equity indexes

Silk Road Management, a Mongolia and Central Asia-focused investment management firm, recently launched the Silk Road Composite Index (SRCI) and the Silk Road Central Asia (SRCA) Index, debut benchmarks that include local and international listed companies with assets and operations

China’s Foreign Minister comes next week

Chinese Foreign Minister Yang Jiechi will pay an official visit to Mongolia on February 24-25, according to the Foreign Ministry. Yang Jiechi’s previous visit to Mongolia was in 2007, the year he became foreign minister in April.

Minerals export revenue likely to exceed estimate

There is every reason to feel optimistic that the Government will earn considerably more than the estimated MNT600 billion from export of mineral resources in 2011. The General Budget was prepared on the basis that the global price of gold

Judokas leave for Germany

A 23-member national judo team has left for Germany to take part in the World Cup competitions to be held in Dusseldorf on February 19-20. Its members are: Men’s team — Ch.Boldbaatar and G.Boldbaatar (60-kg); Kh.Tsagaanbaatar and B.Khishigbayar (66-kg); G.Odbayar

Mongolian coal to be in more demand, to cost more

Global investment banking and financial services giant Goldman Sachs believes extensive flooding in Queensland may curb Australian coking coal exports (Australia is the largest exporter of coking coal in the world), and boost demand for alternative sources of coking coal, including Mongolian. Goldman

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