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

The Government meeting yesterday instructed the Ministry of Mineral Resources and Energy to devise ways to implement
the order to regulate artisanal or “ninja” mining of small mines. The
enforcement of the regulations will be the responsibility of the State Professional
Monitoring Agency

The Government has
given its approval in principle to a draft agreement between Mongolia and China
to send convicted prisoners to their home countries and left it to the related
Standing Committees to work out the details. The proposal was first mooted in

At a press conference
held by the Standing Committee on the Budget yesterday, its head, Ts.Davaasuren,
and two members, D.Gankhuyag and D.Dondog, explained that both the income and
expenses in the draft were increased during discussions preceding its approval.
Income rose from MNT3.284 trillion