Petro Matad LLC Executive Director T.Amarzul thinks the chances of
Mongolian companies getting listed on international stock exchanges are quite
good, but she has told  The Mongolian Mining
Journal that a company must be clear why it wants to go for an IPO,

Hunnu Coal Ltd. has acquired a 90% interest in the Tsant Uul Coal Project
in the world class South Gobi coking coal province. The Project covers over
59,000 hectares and is located only 40 km to the south of the Tavan Tolgoi
deposit

The State Property Committee (SPC) has
announced the guidelines for companies that want to participate in the tender
bidding process for selection of a management team to take responsibility for
restructuring the operational procedures of the Mongolian Stock Exchange (MSE).
They apply to all

Two brands of vodka from APU won
recognition at last month’s International Spirits Challenge – 2010 show in
London. Soyombo was awarded the gold medal at the World Beverage Competition
for “reminding the world of Mongolian history”, and the Yorool brand won the
silver.

President Ts.Elbegdorj attended the ceremony to offer
worship to Burkhan Khaldun mountain in Khentii aimag on May 31. “Burkhan
Khaldun is a historic mountain and we should try to get it on the UNESCO
heritage list,” he said.

The 2361.5-meter Burkha Khaldun was sacred

With full support from the weather children (and also
their parents) had a wonderful time on Children’s Day. A visit to Sukhbaatar
Square appeared to be mandatory, keeping the place crowded and festive for the
whole day.

The celebrations there began in the

Chinese
Premier Wen Jiabao left Ulaanbaatar at 11 on Wednesday morning after spending a
program-packed 30 hours here. He held wide ranging talks with Mongolian Prime
Minister S. Batbold, called on President Ts. Elbegdorj, and met with other
national leaders.

The highlights of the visit
were

The visit by Chinese Premier Wen Jiabao will help turn a new page in the
bilateral ties between the two neighbors, according to  L. Begzjav, head of Chinese studies at the
Mongolian Academy of Sciences. The leading Mongolian scholar told Xinhua
bilateral relations

The European Union on Tuesday sent USD2.5
million in aid to help Mongolia deal with the aftermath of one of the coldest
winters on record.

The EU”s executive, the European
Commission, estimates that 600,000 people – mainly nomadic herders – are in
danger of starvation

Polo Resources has
announced execution of a memorandum of understanding with Peabody Energy
Corporation and Winsway Coking Coal Holdings for the sale of Polo”s 50%
interest in the Peabody-Polo Resources B.V. Mongolian joint venture. The JV was
formed to hold all of Polo”s coal