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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

Minister asked to draft amendments to law on oil products

Mineral Resources and Energy Minister D.Zorigt has been instructed by the Government to draft amendments to the law on oil products, and to prepare a new state policy for the oil sector, to be in force until 2015. He has

Reward for rescue workers

The Government will spend MNT194 million 357,000 from its reserve fund to pay for assignment related expenses incurred by rescue services personnel for their work in disaster areas in the second half of 2010 and also as reward for their

Erdenes MGL to start exporting coal this month

B.Enebish, Executive Director of Erdenes MGL which operates a small part of the Tavantolgoi deposit, has said that all arrangements are now in place to export coal from there to both Russia and China from this month. Shafts have been

MCS Holding named Organization with Best Management

The Mongolian Management Association has named MCS Holding the Organization with the Best Management in the country in 2010. Apart from selecting several such awardees every year the Association also popularizes modern management concepts through meetings and seminars and helps

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