Russian geologists explored uranium mines in Mongolia since World War II and set up six uranium basins, 100 detections, about 1000 mineralized points and radio active areas in 70% of total territory of Mongolia. Russians gave 18% of geological exploration

An amazing victory for the Mongolian women’s team as Bundmaa Munkhbaatar, who is a winner of the World Championship bronze medal and an International master, to become the first Mongolian, man or woman, to win gold in 52kg category in

The International Coal Ventures (ICVL) consortium has
submitted a bid for buying a coal asset in Mongolia, an official said on
Thursday, to meet rising demand for the key raw material in Asia”s
third-largest economy. Ajay Mathur, nodal officer for ICVL, also told

Over 20 investment banks will next month submit written proposals for the
privatisation of Mongolia”s Tavan Tolgoi coal mines that could value it at up
to $8 billion, The Independent on Sunday reported.

The newspaper said bankers from HSBC, Deutsche, Credit Suisse, Citi

Brazilian mining company”s Vale SA (VALE) declined to
comment Tuesday about reports of its possible interest in bidding for the Tavan
Tolgoi coal mine in Mongolia.

“Vale doesn”t comment on market
rumors,” a spokeswoman told Dow Jones Newswires.

A bid for Tavan Tolgoi

The DP group in Parliament yesterday discussed draft law on air pollution reduction in Ulaanbaatar city that has been submitted by President Ts.Elbegdorj. Ulaanbaatar city where live 1.2 million residents or 40% of total population of Mongolia has air pollution

Mongolia has 119 million tons of exploration petroleum reserve at present in Tamsag of Dornogobi aimag and in Matad of Dornod aimag where Petro China Dachin Tamsag LLC and Danshen Gazriin Tos LLC have been exploring for 12 years. The

Civil Will Party, which has not changed its head for ten years, agreed to nominate Chairman of the alliance from Green Party or MP D.Enkhbat will chair the alliance party and register Civil Will- Green Party in state registration of

According to data of Mineral Resources Authority, Umnugobi aimag has the most number of coal exploitation licenses in 143.5 thousand hectares exploitation. Dundgobi aimag has licenses in 37.8 thousand hectares, Baganuur district in 4.8 thousand hectares, Gobisumber in 4.4 thousand

The source informs that two companies from Japan have submitted bid to exploit coal in Tavantolgoi deposit mine, which is the largest coal basin in the world. The commercial group Mitsui and Co has sent bid for tender selection to