Two Mexican tourists last
seen in Tsogt Ovoo soum of Umnugobi province on August 6 were finally located
over the weekend. The tourists established their location with the help of GPS
and then called for help. Police and a rescue team reached them

The School of Physical
Education and Sports run by the Ministry of Education, Culture and Science has
named its chess program after Georgian Grand Master Maia Chiburdanedze. An
agreement to this effect was signed by the school’s principal, Ch.Zorigtbaatar,
and the seven-times world champion

A check has revealed that
the number of livestock in Ulaanbaatar has reached 400,000, around the number found
in a big soum. This is cause for concern as infectious diseases can break out.

Animals are treated in many
veterinary clinics on the first

Minister for Environment and
Tourism L.Gansukh answers questions.

How
are forest reclamation programs going?

Forest reclamation will work
better if we had the money to put more people on the job. We have decided to
put quality before quantity and have had good results. Forest users’

Aspire Mining Limited , an Australia-based junior resources
exploration company, has agreed to form a joint venture on the Shanagan Coal
Project in Mongolia with Blue Sky Minerals LLC, a Mongolian-owned mining
company. Under the terms of the agreement, Aspire Mining will have

A four-member delegation of leaders from Mongolia is on a
special mission in Fort Worth, Texas 
—  to learn about judicial checks
and balances through a cooperative program with the Texas Wesleyan University
School of Law. The goal is to improve the Asian nation”s

Khan Bank has announced that Simon Morris has taken over
from J. Peter Morrow as Chief Executive Officer.  Morris has been with the Standard Chartered
Bank (SCB) in Asia, Europe and Africa for 25 years. Khan Bank Chairman Hideo
Sawada commented, “Khan Bank

Mongolia-focused oil explorer Petro Matad has said that
analysis carried out on the drilling results of its first well in Eastern
Mongolia confirmed that oil was present, sending its shares soaring. The
company has  said that its
Davsan-Tolgoi-1 (DT-1) exploration well encountered a 12-meter

Ivanhoe Mines is having “interesting” talks
with potential new strategic investors following a recent move to ease
restrictions on its shareholder registry, Executive Chairman Robert Friedland
has said. “That has opened us up to some very interesting discussions with
third parties,” Friedland said, without

Mongolia is among six Asian
countries whose implementation of measures against financing of terrorism
financing and money laundering has been found inadequate and will now be
reviewed in depth, according to a decision taken at the recent annual meeting
of the Asia-Pacific Group (APG)