Rio Tinto last week bought 10 million
common shares of Ivanhoe Mines Ltd. from the company’s director, Robert M.
Friedland, as the two companies start collaborating in bringing into production
the Oyutolgoi project, with enough reserves of copper and gold to keep the mine
in business for

Vietnamese Prime Minister Nguyen Tan
Dung and Mongolian Parliament Speaker D. Demberel have said that Vietnam and
Mongolia vow to enhance cooperation between the two countries in all areas,
especially trade and investment. Dung and Demberel made the commitment at a
meeting in Hanoi

The State Property Committee has announced
the names of the members of the Representative Managing Council of the Erdenes
Tavantolgoi LLC. The SPC Chairman, D.Sugar, heads the 9-member RMC. The other
members are O.Erdenebulgan, Deputy Chief of the SPC; J.Ganbat, Chief of the
Income

Following our earlier report that there is snow over 70% of the nation’s
territory, there is now information that some roads are closed and animals in Bulgan,
Khuvsgul, Zavkhan, Dornod and Sukhbaatar aimags are not able to pasture. The
main road in Bulgan

The South Korean Immigration Office says193 of the 2,500 Mongolian women
married to Korean citizens have taken Korean citizenship. Korean men are said
to prefer marrying foreigners as Korean women do not want to have many
children.
The State Center for Civil Registration

Mining
companies have come together to oppose the Government’s decision to review and
revoke licenses of explorers and extractors in river basins and forest areas.
Altogether 254 licenses held by gold mining companies have already been
identified for cancellation.

B.Agvaandondov,
head of the movement and

The
Zorig Foundation, in cooperation with the Open Society Institute, has completed
a study of how the Government has utilized all the aid received from international
organizations for natural disaster relief between 2006 and 2008. The study was
restricted to Ulaanbaatar city, and Selenge

The
Mongol Bank last week purchased the entire amount of USD 43.8 million in
various currencies offered by commercial banks at the regular currency auction.
It defended its action on grounds of the current market situation, the state of
the currency flow, and extreme

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