There
is no immediate relief in sight for harassed housewives. Meat prices that have
skyrocketed to reach MNT6,000 at some markets are unlikely to fall
significantly before the autumn. Summer is when consumption goes down in Mongolia but
sellers fear that with supply erratic
A team of journalists was
last week taken to Khustai where N.Enkhbold, chairman of the board that runs
the Khustai complex, said that at latest count, the number in the country of
the Mongolian wild horse, or the takhi, stood at 240. Once
The head of the State Property Committee, D. Sugar, has
told the newly appointed three Oyu Tolgoi LLC Board members from the Mongolian
side that their main responsibility was to ensure maximum profit for the state,
so that it could spend money on
A joint statement from the two companies has revealed
that Mongol Gazar LLC has sold its share in the Olon Ovoot gold mine, the
refining plant there, and its gold reserves to Just Group for USD130 million.
All unpaid debts, including loans from
Prime Minister S. Batbold will
inaugurate the third
annual Mongolia Corporate Governance Forum tomorrow at Chinggis Khaan
Hotel.
The keynote speech will be given by Sebastian
Molineus, Sr. Operations Officer, CG Group, The World Bank.
Among the other fearured speakers are
David Lawrence, Resident Representative,
Prophecy Resource Corp. has signed an agreement securing
the loading of 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. The loading point will
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
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