D.Amarsaikhan, Chairman
of the Oil Board, has said the Government yesterday decided to increase some
excise tax rates on petroleum products. Russia had announced a rise in oil prices
from the beginning of December, but a visit by Minister of Mineral Resources
and Energy

A Mongolia-Thailand
business forum was held in Bangkok on December 7 as part of the official visit
of Foreign Minister G.Zandanshatar to Thailand. It was organized jointly by the
Foreign Investment and Foreign Trade Agency (FIFTA) at the Ministry of Foreign
Affairs and Trade

Rio Tinto and Ivanhoe Mines have
called a truce, which will result in the international mining giant providing
billions of dollars in financing and assuming management of Ivanhoe”s Oyutolgoi
copper-gold project in Mongolia. The mining companies had been in a fight over
Ivanhoe”s institution

Prime
Minister S.Batbold, Minister of Finance S.Bayartsogt and Minister of Mineral
Resources and Energy D.Zorigt yesterday told media that negotiations are
continuing on some changes the Government has suggested in the Oyutolgoi
shareholders’ agreement and hoped that the issue will be resolved by the

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Despite the presence
of many governmental and non governmental organizations that work for children
and receive substantial amounts of money, the status of children’s rights and
the condition of many children continue to be alarming. Sexual abuse of minor
girls is on the rise

First Deputy Prime Minister and Chairman of the
Democratic Party, N. Altankhuyag, has said
that Mongolia’s democratic
revolution, which also meant a transition to a free economy, would be
incomplete if it did not lead all the way to an economic revolution. Being in
power

Haranga
Resources, a Mongolia-focused iron ore exploration and development company, has
closed its Initial Public Offer (IPO) on the Australian Stock Exchange to raise
USD25 million early and was heavily oversubscribed.   The Company has booked drill rigs and
geophysical survey crews for immediate commencement

A
recent three-day Future Search conference, sponsored by Oyutolgoi LLC to focus
on the future development path of Khanbogd and Manlai, the nearest towns to the
mine site, drew some 70 delegates including local government and infrastructure
officials, NGO representatives, local herders, businesses, students,