North Asia Resources Holdings, formerly known as Green
Global Resources, has announced plans to spend HKD195.5 million to acquire iron
ore assets in Mongolia from Inner Mongolia Taishen Mining Co. According to the
agreement signed by the two parties, the iron mine”s reserves

Centerra Gold, that owns 
the  Boroo mine in Mongolia, has
reported higher-than-expected quarterly earnings, as increased production and
strong gold prices helped the miner return to profit after a loss last year.
The Canadian gold miner”s net earnings came in at USD29.8 million. That
compares

The 5th
FIDE Women’s Grand Prix in Ulaanbaatar was won yesterday by Hou Yifan of China,
with 8 points in 11 matches. She was followed by Antoaneta Stefanova of Bulgaria with
7.5 points. Three other Grandmasters, Tatiana Kosintseva of Russia, Zhao Xue of
China,

Problems with collateral
were reported to have affected the disbursement of MNT30 billion as loans to
small and medium enterprises in all 21 provinces and six districts of Ulaanbaatar,
particularly in the countryside. D.Batmagnai, officer in charge of Finance and
Investment of SME, answers

According to the latest
survey of the National Statistical Office, unemployment has reached 11 percent,
with 138,000 people without a regular job. Active job-seekers registered in
labor service centers number 39,200.

Of the 501,400 people who
paid for social insurance 204,000 were shown as

The State Secretary of the
Ministry of Foreign Affairs of Mongolia, D.Tsogtbaatar, told a press conference
on Monday that Ajay Chhibber, UN Assistant Secretary-General, and Assistant
Administrator and Director of the Regional Bureau for Asia and the Pacific, had
said, during his visit from

Speaking to traders and buyers at a food market in a
western province, Prime Minister S. Batbold recently said Mongolia would soon
produce enough wheat and vegetables to meet the entire domestic demand. He also
said the planned commodity exchange markets will keep

The EBRD and Mongolia’s largest bank, Khan Bank, have
signed a participation agreement for USD10 million under the EBRD Medium-Sized
Co-Financing Facility (MCFF). “The MCFF is designed to provide
co-financing by EBRD for up to 50 per cent of Khan Bank’s loans to

Petro Matad has provided an update on the company”s
drilling operations. The first 2D seismic survey has commenced on the Blocks IV
and V in central Mongolia. Mongolian geophysical contracting company Khet LLC
is undertaking the 360-km survey, covering 7 seismic lines, under

Wrestling, not boxing, is the sport
most people associate with Mongolia but the latter is becoming more and more
popular, thanks in part to the achievements of one man. He is sitting in the
stands, watching the bout intently. His name is Badar