Prophecy Resource Corp.
has signed an agreement securing the right to load and the capacity to
transport by rail 1.5 million tons of coal annually from its Ulaan Ovoo coal
project, with the option to increase capacity based on availability. Prophecy
has also contracted

The new Ambassador of India,  Satbir Singh, paid a courtesy call on
Parliament Speaker D.Demberel  earlier
this week and their discussions noted the  
“important role” parliamentary 
ties between have played in developing bilateral relationship.

The
Speaker’s hope that Ambassador Singh “will be making all efforts

The Government meeting
yesterday instructed Food, Agriculture and Light Industry Minister T.Badamjunai
to take urgent measures to check the rise in meat price. For a start, he is
expected to arrange for increased supply of meat from Khentii, Dornod and
Sukhbaatar aimags. He is

During his talks with Mongolian
Prime Minister S.Batbold, Chinese Premier Wen Jiabao called for a feasibility
study on a China-Mongolia free trade area, and the adoption of trade and
economic cooperation in the development of mineral and energy resources. Wen, a
former geologist, held

Compared with any port along the prosperous east coast of
China, trade figures at the land port of Erenhot, a small Gobi town on the
China-Mongolia border, are meager. However, about 800 cars, 200 trucks, six
trains and 4,000 traders cross the border

Eznis Airways added a
fourth Saab 340B to its fleet on May 27 and its first flight of the 34-seat
aircraft from Ulaanbaatar was on June 1.  The acquisition is a step
forward for Eznis in positioning itself for future growth in terms

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.