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

Meeting
separately, both the MPRP and the DP parliamentary groups this week decided
that the proposal to retrench 7,000 Government workers should not even be
discussed this year. It could be included in the 2011 budget and debated when
the preliminary draft for that

First Deputy
Prime Minister N.Altankhuyag, who is also the head of DP, has said that the
Tavantolgoi deposits, apart from the areas now held under license by companies
like Tavantolgoi LLC and Energy Resource, is planned to be divided into two
parts, each containing

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