Prime Minister
S.Batbold has said the Government proposes, pending Parliament’s approval, to
give from August 1 every citizen MNT10,000 a month from the Human Development
Fund. The amount will be raised in
stages from 2011, to finally reach MNT21,000. The Government feels that the
earlier
Mongolia is seeking investors for a USD10-billion
industrial complex that will meet rising Asian demand for coal and copper from
some of the world’s largest untapped mineral resources. A copper smelter, oil
refinery, power plants and chemical coking facilities are planned at Sainshand
in
Wal
King of Leighton, the world”s largest contract miner, is so excited about Mongolia that he recently took the entire
board of parent company Leighton Holdings
to the country ahead of their annual planning meeting in Hong Kong, to
see things for themselves. King”s
Peabody Energy has completed Mongolia”s first
coal mine restoration project at the former Ereen Mine near the city of Bulgan
in northern Mongolia. The project restores
a 16-hectare area to hardy pastureland with native forage species, and develops
a new community well and a
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