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Leyshon Resources seeks exploration license in Gobi Altai

Leyshon Resources has applied for
exploration licenses over a large area in the Gobi Altai region of southwest
Mongolia, as part of a broader strategy to target and acquire high quality coal
assets located in western China and Mongolia. The license applications for

Large Canadian Government grant for Boroo Gold’s social projects

The Canadian government will contribute
CAD270,000 in funding to support social projects near Centerra Gold”s Boroo mine site in
north-central Mongolia, its International Trade Minister Peter Van Loan has
revealed. The funding, which is being contributed through the Government of
Canada”s Investment Cooperation program,

Entrée Gold to spend more on exploration in Shivee West

Entree Gold Inc. has committed a further USD1.9 million to continue
its systematic work targeting prospective formations on its 100%-owned Shivee
West property in Mongolia. The Shivee West exploration program reflects
Entree”s strategy to explore for and potentially expand its growing portfolio
of gold

MPs from Ulaanbaatar meet Mayor to discuss city’s problems

MPs elected from Ulaanbaatar held a meeting with the Mayor
and other officials to discuss how services in the city can be improved. Mayor
G.Munkhbayar said the city has to be run with the MNT35 billion allocated from
the state budget this year

Lighting Board for Ulaanbaatar likely

Ulaanbaatar has about 15,000 wire poles and their
maintenance is the responsibility of Gereltuuleg Chimeglel LLC. Since the
company is overburdened with work, Tsahilgaan Teever LLC was asked to repair
the poles in Bayangol and Songinokhairkhan districts.

The General Manager of the city, Ch.Bat,

Mongolians are building power station to serve mine and soums

The Tavantolgoi deposit is in Umnugobi aimag and Tavantolgoi
LLC and Energy Resource LLC have been exploiting coal there for quite some
time. Energy Resource initially owned six licenses but has transferred five of
these to the Government and now has just one

Inflation has to be risked for growth: Ch.Khashchuluun

The head of the National Development and Innovation
Committee, Ch.Khashchuluun, feels it would be difficult to reduce expenses in
the draft 2011 budget. If the economy has to grow, there must be adequate
investment in infrastructure, even if that means a budget deficit.

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