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)

A senior official of the Vietnamese Ministry of
Agriculture and Rural Development (MARD) has pledged to encourage businesses to
invest in Mongolia in the principles of equality and mutual interest. Tran Kim
Long, Deputy Head of the MARD’s International Cooperation Department, told a
business

Prime Minister
S.Batbold was in Khovd province on Thursday as part of his extended tour of the
western provinces. At a meeting with citizens, he gave information on the progress
of exploiting mineral deposits, developing small and medium industries, and on agriculture,
and reforms in

Khaan Quest 2010 began
yesterday at the military training camp in Tavantolgoi and will run through August
22. This onternational military exercise is a US Pacific Command assisted
endeavor designed to train military personnel from many countries to help
United Nations peacekeeping operations (PKO)

The 3rd national
report on realization of the Millennium Development Goals (MDGs) conclude that
despite steady progress, it will be difficult to achieve them by 2015.The
report was presented at a ceremony on Friday in the Ministry of Foreign
Affairs. It was attended by

Following Russia’s
announcement on a ban on wheat exports, the price of flour in Mongolia went up by
MNT 3,500-MNT6,000 per ton over the weekend. Some shops in Narantuul, Bars and
Bumbugur markets refused to sell flour until they could raise prices. A

Parliament Speaker
D.Demberel received Ajay Chhibber, UN Assistant Secretary-General, Assistant
Administrator and Director of the Regional Bureau for Asia and the Pacific, and
told him his visit just a year after the visit of UN Secretary-General Ban
Ki-moon indicated the great importance the UN

Mongolia Bike
Challenge 2010, an international competition for mountain bikers taking place
for the first time in Asia, was ceremonially flagged off  at Sukhbaatar Square on Sunday.

Co-organized by Mongolia
Expeditions LLC, Italy”s Progetto Avventura Eventi Company, Mongolia”s
Federation of Adventure Sports and Cycling Tours,