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Mongolian companies unite to work at Tavantolgoi

Some 700 Mongolian companies have come together to stake their claim to work in Tavantolgoi in the face of the Government’s perceived lack of support to domestic enterprises. Their union is called “Mongol 999+”. The leadership is still tentative about

President in China

President Ts.Elbegdorj left for China on Wednesday morning for a week’s official visit at the invitation of President Hu Jintao. Minister for Foreign Affairs G.Zandanshatar, Director of the Mongolia-China Parliamentary Group and deputy Speaker G.Batkhuu, Minister for Education, Culture and

Salaries and pensions to be raised by 30 percent from October 1

Salaries and pensions will rise by 30 percent from October 1. The tripartite negotiations between the Confederation of Mongolian Labor Unions, the Ministry for Social Welfare and Labor, and the Union of Employers decided on this after four prolonged sessions

Ban on mining permits to go only after new law

The suspension of issuance of mining licenses and of the practice of transferring permits as companies fail to explore for minerals will remain in place until a new law is passed, a statement from the President’s Office has said, without

Standing Committee discusses medicine law

The Standing Committee on Social Policy, Education, Culture and Science yesterday discussed draft amendments to the Medicine and Medical Equipment Law. The draft proposes withdrawal of local requirements on medicinal products already approved internationally. This will ease bureaucratic delays and

Mongolians smuggling snow leopard pelts detained in China

Two Mongolian men have been detained by Chinese police after two snow leopard pelts were seized from their jeep in the Inner Mongolia Autonomous Region. Customs police searched the jeep for more than 10 hours, as it had more than

Survey finds Mongolia bad for mining investment

The Fraser Institute”s annual survey reveals miners and explorers still believe Mongolia is a nightmare. It is seen as “suffering from endless tinkering with mining laws and regulations, resource-nationalism, creeping expropriation, and non-transparency”.
The Institute’s annual survey of mining companies, published

Mongolian Stock Exchange gets new executive board

The State Property Committee (SPC) has reconstituted the executive board. The new Directors are: Ch.Gankhuyag, CEO of Tenger Financial Cooperative, B.Bold, CEO of Newcom, Z.Shagdarsuren, General Secretary of the Association of Banks, N.Tsogt, an international lawyer, and three officials from

Mongolian fails in motocross race

The 20-year-old Kenneth San Andres, who started racing when he was 12, won his last three races and crowned himself king of the first Evelio Javier International Motocross Championship in Valderrama in the Philippines on Sunday. San Andres was all

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