Global gold demand fell by 11% to 3,385.8 tons in 2009, but dollar demand for the precious metal remained above the USD100 billion mark as prices remained strong. In its ‘Gold Demand Trends” report,  the World Gold Council (WGC) has

THL Mongolia Ltd, a fully owned subsidiary of Trendfield Holdings Ltd has purchased 70% of KMNG LLC  holdings with the option to purchase another 20% within 3 years.
KMNG is located in Ulaanbaatar and owns 3 exploration licenses 13602X, 13603X and

Centerra Gold Inc. hopes its Mongolian processing operation will be up and running again shortly, but has no commitments from the Mongolian Government in terms of a timeline. “We”re making progress all the time. We see some positive signs coming

Despite assurance from Minister for Minerals and Energy D.Zorigt that the contract mining method favored by Prime Minister S.Batbold to allow Mongolia to retain 100% ownership of would find takers, there has so far been no indication how investors see

Another object from space was found in Argalant soum in Tuv province, only 10 kilometers from Buren soum where the earlier piece fell. According to D.Namsrai, vice director of the General Emergency Authority, the two appear to be parts of

The leader of the Mongolian delegation to the Fourth World Congress against the Death Penalty, held on February 24-26 in Geneva, MP E.Bat-Uul, read out a message from President Ts.Elbegdorj that said, “Your encouragement is the strongest support for us

The first general meeting of the Union of Democratic Forces will be held on March 10. One of its six vice presidents, MP S.Erdene, answers questions on this and other political issues.
Despite denial by its leaders, the impression persists

Rio Tinto, the world’s third- largest mining company, will spend USD233 million to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project.
Rio will buy 15 million shares, to lift its holding 2.7 percent to

A recent study in Wealth Daily, an independent investment advice, analysis and commentary has said the world is starting to wake up to the promise of Mongolia which could soon become the fastest growing country on earth. However, time is

Mongolia’s billions of dollars worth of copper, gold, uranium and coal reserves promise an influx of wealth for the country but they also may spawn a crisis, says a Bloomberg analytical report. Sudden prosperity can overwhelm an economy, exposing it