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Ch. Khashchuluun, Chairman of the National
Development and Innovation Committee, has said the emphasis in their work plan
for economic development in 2011 is on optimal use of financial
resources by using local indices, the first time this will be done. Altogether
85 local

China controlling nearly 95% of rare earth minerals production globally
and the possibility of demand exceeding supply in the short to medium term
provides a strong incentive for Japanese, U.S. and European investment in
Mongolian rare earth mining and the associated export infrastructure

The U.S. Embassy in Mongolia recently supported a group of
10 activists – seven of them physically disabled – belonging to the NGO Wind
Bird – to make an intense two-week visit to the USA to: 

·  discover how people with disabilities

Maple Leaf Reforestation Inc. has entered into a joint
venture with CF Lacey & Associates to build and run solid waste power
generation plants in Mongolia and China. The length of the agreement was not
released.                                                                             
  

The Standing Committee on Security and Foreign Policy approved
on December 28 the terms of Mongolia borrowing USD12 million from the International
Development Association (IDA) for the program “Development Policy Financing-2”.
However, the members instructed the Government to spend less on trainings and
seminars.

Mongolia

The annual Innovation 2010 exhibition opened at the hall of
the Union of Mongolian Artists (UMA) on December 29 with 160 new paintings,
sculptures, and installations on show until January 7. Before this UMA had
arranged for 50 exhibitions in the course of

Noted athlete B.Ser-Od has ended 2010 with winning the Hoju
Yomiuri marathon in Japan, finishing first in a field of 1,800 competitors from
all over Asia and Africa. He earlier won the Brighton marathon in England.

The Chief of the Physical Culture and

Public transportation costs in Ulaanbaatar will go up from
January 1, 2011 but users will not have to pay more as the 26 bus companies will
continue to receive subsidies. Transport operators have complained of
increasing losses and announced that there would be

The Chief of the Welfare Department of the Labor and Welfare
Service Board, D.Choijilsuren, has said the Human Development Fund has earmarked
MNT82.5 billion for payment of students’ fees in 2011. The Ministry of
Education, Culture and Science will prepare in January, 2011