The Prime Minister’s
Office gets MNT33 billion and 389 million in 2011 as against MNT35 billion in the present year. With World
Bank financing of a project to ensure transparency in mining coming to an end
in October, 2010 the project expenses will
The budget allocates
MNT12 billion and 498 million to the Parliament Speaker to run Parliament,
MNT160 million more than he received in 2010. Also MNT11 billion and 443
million would be spent on law making and political parties with seats in
Parliament will get
The budget allocation
for holders of the three highest offices of the land makes interesting reading.
The President”s Office will spend MNT500 million more than in 2010, including
MNT236.1 million on medals to be awarded to citizens. The Speaker gets MNT740 million more
Rumors on the State
Bank being privatized just will not go away. The talk now is that the use of
the word “State” in the name of a bank gives it an unfair advantage over
commercial banks and that the privatization is planned
North
Korea attempted to reach out to the United States through Mongolia in 2009,
suggesting that the Mongolians host disarmament talks between Washington and
Pyongyang, American diplomats reported in a document obtained by the website
WikiLeaks. A Mongolian diplomat passed that information to the
The Civil Will Party’s recent decision to form an
alliance with the Green Party, despite reservations from some members and
Secretary-General M.Zorigt, has had repercussions on other political parties.
Civil Movement Party members feeling let down by their leaders J.Batzandan,
O.Magnai and M.Ichinnorov have
Prime Minister S.Batbold has
instructed those preparing for selection of cooperation partners in developing
the Tavantolgoi coal deposit that the final choice should exclude companies
with any possible “conflict of interests”. He explained that this referred to
companies or consortiums who already own a
Mining companies were first
attracted to Mongolia to extract copper, molybdenum and gold. Now, the focus has shifted to coal, says an
analysis by Resource Investing News. Besides
Tavantolgoi, there are dozens of coal mines in Mongolia with a combined
estimated potential coal reserves
Calling the recent
suspension of 254 gold mining licenses “a bombshell on the international mining
industry”, Mongolian Views says in its Website
that Mongolians consider the ground sacred and are reluctant to dig, fearing it
may upset the balance of nature. Living close to
Resource Investment Capital has said in a note on the Mongolian Government decision to
suspend mining activity of 1,782 license holders in areas near river basins and
forests that the legislation prohibiting mineral prospecting, exploration and
mining in environmentally sensitive areas is like
