A
team from the World Intellectual Property Organization yesterday called on First
Deputy Prime Minister N.Altankhuyag who had invited them to the country to help
develop an intellectual property policy. This will help improve Mongolia’s
international competitiveness and also help in its technological development.

The
team

The
Mongolia-Russia Intra-Government Commission.has decided to replace V.Otgondemberel
as Director of Ulaanbaatar Railway Association. D.Jigjidnyam, at present Deputy
Director in charge of Transportation, will be the acting director until a
permanent replacement is found, in about a month.

First
Deputy Prime Minister N.Altankhuyag chaired Tuesday’s meeting of the  Mongolia-Russia Intra-Government Commission.
He answers questions on what happened there.

What did you decide on
revising the 1949 agreement that governs the working of UB Railway?

We
agreed that the joint venture railway cannot meet

Mines
and Money Hong Kong will be hosting the Mongolia Investment Summit 2010, in
association with the Foreign Investment and Foreign Trade Agency (FIFTA) of
Mongolia on 14-16 October in Hong Kong. The meeting will showcase a range of
Mongolia-based opportunities in the natural

MonHorus International has turned its Amper House into
the country’s first store for all construction materials under one roof. The
inauguration of the “department store” meets a long-felt need for products and
services of international standards of advanced technology. Shopping for goods
in the

Ming Hing Waterworks Holdings has acquired Mongolia
Tugrug Nuur coal mine owned by Well Delight Holdings and plans to put it into
operation by the fourth quarter of this year.

Tugrug Nuur is estimated to have 92 million tons of coal,
mainly thermal coal

Aspire Mining Limited has accelerated its drilling and
exploration work at the Ovoot Coking Coal Project in northwest Mongolia with
two drilling rigs now working 24 hours a day. A total of 99 samples have been
dispatched with further samples and metallurgical test

Russian leasing company Ilyushin
Finance is ready to discuss the supply of An-148 regional jets with Mongolian
companies, Russian Transport Minister Igor Levitin said. The company is also
ready to supply modern air navigation systems to Mongolian airports, he said.

The basic An-148 variant

Russian
Transport Minister Igor Levitin confirmed on Wednesday that the Russian
companies En+Group and Renova Group are interested in developing the
Tavantolgoi deposit, together with Russian Railways (RZhD). “We support
new suggestions from the consortium to the working group of the Mongolian
government on the

Giorgio Armani SpA, the Italian fashion
company whose clothes are worn by celebrities including Angelina Jolie and
Leonardo DiCaprio, said it opened its first stores in Mongolia and Vietnam as
it seeks to tap Asian demand.

Emporio Armani boutiques opened in
Ulaanbaatar and in