Four Mongolian boxers are representing foreign teams in
the present World Series Boxing tournament organized by The International
Amateur Boxing Association. They are N.Tugstsogt (54 kg) in Baku Fires,
Z.Enkhzorig (61kg) in Milano Tander, E.Iderkhuu (54 kg) and U.Munkh-Erdene (61kg),
both in Memphis Force.

The

The Ulaanbaatar City Construction and Urban Planning
Board is going ahead with plans to build apartments for rent in five areas of
the city, and at the same time to move people 
away from the city to ease the pressure on its infrastructure.

Russia and Mongolia have reached an agreement on the
conditions on which a joint uranium mining company, Dordon Uran, will be
established. The agreement was signed in Moscow on Tuesday following
negotiations between visiting Mongolian Prime Minister S. Batbold and his
Russian counterpart Vladimir

Prime Minister S.Batbold’s busy schedule during his
official visit to Russia yesterday included talks with his counterpart
V.V.Putin,  and several other important
leaders. After his meeting with Putin, where they signed agreements of
bilateral cooperation, Batbold met S.M.Mironov, Chief of the Federal Council of
Russia,

The
National Development and Innovation Committee and GTZ, the German international
cooperation organization, recently organized a seminar at the Ministry of
Foreign Affairs to explore the possibilities of developing rare earths based
industries in Mongolia. The participants exchanged views and information on
cooperation with German

The
discovery of water deep under the Gobi desert is likely to remain one of the
greatest achievements of the Oyutolgoi LLC environmental team. The Gunii Hooloi
aquifer, a geological formation containing ground water, is forecast to provide
water to the mine for the

Rating
agency Fitch has announced that it has affirmed long-term foreign and local
currency Issuer Default Ratings (IDR) for Khan Bank and XacBank at B, with
positive and stable outlooks respectively, each up from previous negative
outlooks, according to Eurasia Capital. Fitch affirmed both

James Schaeffer, CEO of Mongolia Energy Corp., has said the
company aims to produce between 2 million and 2.5 million tons of raw coal in
2011 from its colliery in western Mongolia. Next January, the firm”s monthly
coal output capacity is expected to

The Standing Committee on Food and Agriculture yesterday approved
the law draft to set up an agricultural raw material exchange and will now
submit it to Parliament for approval. Some MPs, including E.Bat-Uul and
Ts.Bayarsaikhan, felt the draft was incomplete and wanted clearer