The State
Property Committee (SPC) has announced the names of the members of the
Representative Managing Council of the newly set up Development Bank.
Ch.Khashchuluun, head of the National Development and Innovation Committee
(NDIC), will be its chief. The other members are:
B.Darinchuluun, head of

Robert Friedland will resume
his position as CEO of Ivanhoe Mines as the company nears completion of its
massive copper and gold project in Mongolia, the company announced Monday.
Friedland, currently executive chairman of the company he founded, will replace
John Macken, who will

Prime
Minister S. Batbold is dealing with an imposing challenge: raising the standard
of living for his tiny population of three million people, says a report in the
Financial Post, Canada. Mongolia has done almost everything possible to open
its doors to outside investment

Kell
Nielsen has looked at between 80 and 100 mineral projects in the past eight
weeks. That”s how it is in Mongolia these days. Nielsen, who heads Voyager
Resources (VOR), knows the race is on between mining companies to lock up
ground in Mongolia,

The highlights of an update provided by
Erdene Resource Development on its ongoing exploration programs for coal and
metals in Mongolia include:

–
New Copper-Gold Discovery – Detailed Nomin Exploration Program Initiated

–
Regional Coal Targets Being Tested – Zarman Coal Drilling Initiated

–
Galshar Coal Royalty

Cameron McRae will
take over as CEO of Oyu Tolgoi LLC on December 1, in succession to Keith
Marshall who moves to the Rio Tinto head office in London. McRae has been
president of the Oyu Tolgoi project for three years.

Eurasia Capital was recently inducted as its 45th member
by M&A International Inc, the world”s leading merger and acquisition alliance,
at its Annual General Meeting in Istanbul. Members unanimously voted for
Eurasia Capital’s inclusion in the alliance, with Mr. Scott Hardman, President
of M&A

Petro Matad has completed issue
of 3,367,003 new ordinary shares to the European Bank for Reconstruction and
Development. It has also issued 490,500 new ordinary shares following exercise
of options by certain directors and employees. EBRD now holds 17.34% of the
company’s shares, J.

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