More than 90
delegates including MPs, representatives of the State Administration
Organization, State Specialized Inspection Agency, universities and institutes,
NGOs, and lawyers and researchers attended a meeting yesterday to discuss how to
classify and regulate the Mongolian genetic reserve.
Eight reports were presented on

Mongolia has been chosen by The International Renewable
Energy Organization (IREO), in cooperation with the Britain based international
NGO Humanitad,  as the first Flagship Pilot
Nation for their newly launched, Exemplar-Zero Initiative-carbon-zero,
sustainable development global initiative. This was announced during the
official inauguration ceremony of

There have been six cases of arson in Selenge aimag in
recent days and Police have no clue who are behind them. A working group has
been established to make further investigation. There has been no loss of life
but property has been

The 30% rise in
salaries has been applied to all who are paid from the budget, and high
officials have not been exempt.  The President’s
basic salary now is MNT1million and 424,435 and that of the Prime Minister and all
MPs MNT1million and 73,630. 

L.Bolormaa,
Editor of the Mongolian Mining Journal, is in Hong Kong to attend tomorrow’s
Mongolia investment Summit – 2010. She sends this report.
The conference will explore the many exciting investment opportunities on
offer, as Mongolia takes advantage of its mineral-rich geology and location
next

Once one of the poorest nations
on earth, the biggest problem Mongolia will have to face in the near term is
coping with too much money arriving all at once. A raft of mining projects are
expected to bring billions of dollars into

Ts. Sedvanchig, a DP member of
Parliament from Khuvsgul, has expressed dismay that his proposed amendments to
the law on inviting tender bids have not been placed before Parliament even
after one year of their submission to the Finance Ministry. Policy reforms have
been

M.
Davaasuren, General Director of Gan Khiits, told a recent seminar on the
Mongolian industrial scene, that individual sectors in the country were too
small and companies have to diversify to expand, if not just to survive. His
company began with construction, but has

Minister of Finance S. Bayartsogt has said the draft
budget for 2011 may not have a smooth passage in Parliament as it has been
proposed in compliance with the new Fiscal Stability Law and may not meet
traditional expectations. However, it also reflects

The new gold rush to develop
Mongolia”s resources could make it the world”s fastest-growing economy over the
next five years, according to Renaissance Capital, which projected GDP will
almost quadruple to USD23 billion by 2013 from USD6 billion today. To profit
from its untapped