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Wednesday

2019/04/24

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Former Spymaster detained

B.Khurts, former director of Mongolian’s General Intelligence Agency has been detained by the Criminal Police Department over the ‘torture to confess’ case. He was taken to the 461st Detention Centre last night, where he remains in custody.

On 18 April, the

Ministry prepares draft on migrant labor

The Ministry of Social Welfare and Labor has prepared a draft law governing the migration of Mongolians for employment abroad as also the terms of foreign nationals working in Mongolia.  The draft favors imposing a limit on the number of

Copper imports drop in China

China”s commodity imports slumped in January after a surprising surge in December, as sea ice disrupted shipping and the country began to tighten monetary policy, spooking markets that had relied on its largesse in 2009.
For many copper traders, a fall

Demand for gold fell 11% in 2009

Global gold demand fell by 11% to 3,385.8 tons in 2009, but dollar demand for the precious metal remained above the USD100 billion mark as prices remained strong. In its ‘Gold Demand Trends” report,  the World Gold Council (WGC) has

THL Mongolia purchases 70% of Mongolian exploration company

THL Mongolia Ltd, a fully owned subsidiary of Trendfield Holdings Ltd has purchased 70% of KMNG LLC  holdings with the option to purchase another 20% within 3 years.
KMNG is located in Ulaanbaatar and owns 3 exploration licenses 13602X, 13603X and

Centerra still awaits heap leach license at Boroo Mine

Centerra Gold Inc. hopes its Mongolian processing operation will be up and running again shortly, but has no commitments from the Mongolian Government in terms of a timeline. “We”re making progress all the time. We see some positive signs coming

Tavantolgoi investors asked to meeting

Despite assurance from Minister for Minerals and Energy D.Zorigt that the contract mining method favored by Prime Minister S.Batbold to allow Mongolia to retain 100% ownership of would find takers, there has so far been no indication how investors see

Another piece of space debris found

Another object from space was found in Argalant soum in Tuv province, only 10 kilometers from Buren soum where the earlier piece fell. According to D.Namsrai, vice director of the General Emergency Authority, the two appear to be parts of

World congress against death penalty meets in Geneva

The leader of the Mongolian delegation to the Fourth World Congress against the Death Penalty, held on February 24-26 in Geneva, MP E.Bat-Uul, read out a message from President Ts.Elbegdorj that said, “Your encouragement is the strongest support for us

My opposition to the coalition has been vindicated: S.Erdene

The first general meeting of the Union of Democratic Forces will be held on March 10. One of its six vice presidents, MP S.Erdene, answers questions on this and other political issues.
Despite denial by its leaders, the impression persists

Rio to increase Ivanhoe stake

Rio Tinto, the world’s third- largest mining company, will spend USD233 million to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project.
Rio will buy 15 million shares, to lift its holding 2.7 percent to

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