In one of the largest deals
ever in the history of the Mongolian Stock Exchange, Firebird Management, a
U.S.-based fund management firm, acquired 14.3% of total outstanding shares of
Baganuur JSC  for USD15.2 million last
month. This was the latest in Firebird’s purchase of

The Mongolian Chamber of Commerce and Industry recently
organized Mongolia’s Best 99, an exhibition to identify exporters who best
popularize Mongolia in the international market. Goyo’s cashmere apparel
collection was chosen “the best export product”. 

Following the Memorandum of Understanding signed during
the visit of Prime Minister S.Batbold to Canada, calling for Canadian
cooperation in reforming the civil service in Mongolia, a video tele-conference
was held recently at which members of the Canadian House of Commons Standing
Committee on

Xanadu Mines, an Australian-backed, Mongolian-focused minerals
explorer and developer, has opened its Initial Public Offer (IPO) ahead of its
proposed listing on the Australian Stock Exchange in late December. The IPO
seeks to raise between AUD15 million and AUD21 million, valuing the company

Entree
Gold Inc. has received a receipt for a final short form base shelf prospectus
with the securities commissions of each province of Canada, except Quebec, and
a corresponding registration statement on Form F-10/A with the United States
Securities and Exchange Commission. These filings

The
London Stock Exchange (LSE) has been chosen to restructure and run the
Mongolian Stock Exchanges (MSE) to prepare it to provide all kinds of financial
services required in a growing modern economy, according to officials talking
off the record. However a formal announcement

Chinese
National Defense Minister Liang Guanglie met with his Mongolian counterpart Lu.
Bold in Beijing  last week, both pledging
to enhance military ties between the two nations. Liang said China attaches
great importance to boosting Sino-Mongolian relations and is ready to work with
Mongolia to

Traffic  rules have been changed to allow action to be
taken against drivers caught by cameras at Traffic Management Centers and
control posts. The cameras register 10,000 violations a month. S.Enkhtor of the
Media Department of the Traffic Police Board, told media the

Winter was a time when meat prices used to remain stable
but things have changed so much that they rose by more than MNT1,000 a kilo in
the last week, to reach between MNT3,500 and MNT3,800. Several recent incidents
show how the trade

The committee resposncible for reviewing the progress of
business environment reforms held its third meeting of the year yesterday and expressed
happiness that results of the program could be seen. Prime Minister S.Batbold
was in the chair, and  stressed that the
goal of the