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Mongolian businessman nominated CEO of Rio Tinto Group

The Rio Tinto Group is hunting for a new leader to restore relations with the communities where it mines after Jean-Sebastien Jacques was forced out over the destruction of ancient heritage sites of national importance.

Rio announced on Friday that Jacques

New insurance payment rates announced

The Government has fixed the amount of health insurance payment for 2010. Salaried workers will continue to pay 4 percent of their total income, but rates have changed for those whose insurance is paid by the Government.  They include children,

Things you wanted to know about the new health insurance

The recent changes in the health insurance system have confused citizens and they cannot easily find an explanation of the new rules. N.Oyungerel of the Ministry of Health answers our questions on the issue.

What are the new areas now covered

SouthGobi Energy seeks to raise USD400 million from Hong Kong IPO

Canada-listed mining group SouthGobi Energy Resources Ltd plans to raise about USD400 million from a Hong Kong initial public offering this month, according to a term sheet obtained by Reuters. SouthGobi, which started IPO premarketing earlier this week, is focused

Labor leader opposes energy tariff rise

Head of the Mongolian Labor Union S.Ganbaatar has asked for a meeting with the Prime Minister to discuss the increase in electricity rates. He is yet to receive a reply to his letter sent just before the New Year.
“It is

2 die of swine flu in Khuvsgul, quarantine in force

Parts of Khuvsgul province continue to be under quarantine to halt the spread of the A/H1N1 influenza virus.  Schools and kindergartens have remained closed since December 28. According to L.Damdinsuren of the provincial hospital, six of the 49 registered cases

World Bank names new Country Director

Klaus Rohland has been named the next World Bank Country Director of Mongolia, China and the Republic of Korea. He will be based in Beijing. This is his fourth term as Country Director with the Bank. He has served in