Mongolia
Mining Corp. is looking out for acquisition targets in the Mongolian resources
sector following an initial public offering in Hong Kong raising USD650
million, according to its top executive. Executive Chairman J. Odjargal said
the company “will focus more on coal and iron

Three
athletics champions of the country, E.Badar-Uugan, Kh. Tsagaanbaatar and
B.Naranbaatar, have formed an NGO, Together for Victory and they read their
manifesto for youth last Friday in the Culture Palace. In this they seek to
stimulate youth into being more sports-minded, to develop

The
President has nominated Ts. Byambatsogt to be the new Deputy Prosecutor-General,
in succession to B.Tserenbaltav who resigned on Thursday.  Parliament will now discuss and approve the
appointment.

Byambatsogt was born in 1958 in Ulaanbaatar and
lives with his wife and child. He studied law

The Ministry of Foreign Affairs has sent an official note
of apology to the Governments of France, Belgium and Germany, asking them not
to press for the transfer of B.Khurts, Chief of Administration at the National
Security Council, from Britain, where he is

In a decree to
celebrate the 2220th anniversary of the first Mongolian Nomadic State, President
Ts.Elbegdorj has said “The Modun shaniyu fought and united the nomadic aimags
in 209 BC and established a powerful Khunnu State in Central Asia. It took
several significant measures

President
Ts.Elbegdorj has told Ulaanbaatar Mayor G.Munkhbayar and J.Saruulbuyan, Director
of the National Museum, that utmost care should be taken while repairing the
statue of D.Sukhbaatar, which stands in the square bearing his name but has now
been removed. He has reminded those responsible

Talking
of Mongolia’s monetary debt to the Soviet Union and its successor state, Russia,
Minister of Finance S.Bayartsogt said on Friday that it was computed in 2003,
based on exchange parity between the MNT and the rouble, that between 1949 and 1991
Mongolia had

A meeting on Thursday in Government House discussed
several issues related to labor, a vital sector in development, according to
speakers. The International Labor Organization has said that the rapid growth
in the Mongolian economy between 2002 and 2008 did not generate enough

As  Parliament gets
ready to discuss the monetary policy, the Mongol Bank President has revealed
several encouraging figures. Money supply has reached MNT3.6 trillion, rising
42.6% over last year; foreign currency reserve has reached USD1.6 billion,
21.1% more than in 2009; bank deposits have

Steven
Barnett, the Beijing-based International Monetary Fund (IMF)   Representative for Mongolia, has told
journalists that the IMF’s Stand- by Program in Mongolia ended on  October 1 on a very successful note. The
economy was on the verge of collapse. 18 months later, growth