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Aluminum
Corporation of China, or Chinalco, is negotiating with Mongolia about its
participation in the Oyu Tolgoi project. 
According to a Chinese website (China.org.cn)  if a labor contract is signed successfully,
about 2,600 Chinese workers are expected to work for the project.  This would

Government
officials have said off the record that in the event of Mongolia deciding to
build a narrow-gauge railway to help export its mineral resources, through
ports in either Russia or China or both, mostly Chinese people would be holding
all the technical jobs

The Mongolian
National Chamber of Commerce and Industry (MNCCI) has become a member of the
Manila-based Association of Development Financing Institutions in Asia and
Pacific (ADFIAP), the largest association of development financing institutions
in Asia and the Pacific. ADFIAP counts among its members the

Move One is
expanding their operations in Mongolia to meet the anticipated increase in
demands for them with the imminent start of several new large-scale mining
projects. The company is undertaking an investment plan to provide logistics
services to companies involved in Oyu Tolgoi.

Khan Bank has
become the country’s first bank licensed to offer equipment leasing services.
Upon receiving the special permit from the Central Bank, it entered into
agreements with two vendor companies, Hyundai and Khukh Tengeriin Oron LLC.
Hyundai primarily deals in heavy machinery and

Aspire Mining
continues to achieve encouraging drilling results from its wholly-owned Ovoot
Coking Coal Project in northern Mongolia. Recently the company has completed a
further 5 holes which intersect with coal seams of significant thickness. Once
a second drill rig is mobilized next week,

The MPRP
group in Parliament heard at its meeting on Monday the report submitted by a
working group set up by the party’s Administrative Board on decentralization
and giving more powers to regional authorities. The MPs agreed that regional
authorities should have more power

The DP group also decided
that a working group established by Parliament should do a fresh review of the laws regarding Parliamentary practice.
It also felt that the Election Law was more important as that will
establish the next Parliament.

MPs
from both parties this week renewed their demand for resumption of paying the
child allowance. The MPRP parliamentary group has said how much should be paid
will depend on how much is in the Human Development Fund. This will be clear
during the