News.MN - The source of news

Concession law to take effect on March 1

The concession law, approved by Parliament last month, will come into effect on March 1. MP Ts.Munkh-Orgil (MPRP), a member of the working group to draft the law, MPs S.Byambatsogt (MPRP) and D.Odkhuu (DP), and G.Bailishuu, adviser in the Government

Parliament approves new Mongolbank vice presidents

Parliament yesterday approved B.Javkhlan as first vice president of Mongolbank by 93.9 percent votes and also N.Zorjargal as vice president by 87.2 percent. Earlier, Mongolbank President L.Purevdorj had submitted the names for approval. The new appointments take effect from February

Asashoryu retires

Troubled sumo grand champion Asashoryu has announced his retirement. The Mongolian national icon, known for his temperamental nature, leaves the sport amid a recent scandal in which he was accused of seriously injuring a man during a drunken rampage. The

Father of July 1 victim refuses to take compensation

Minister for Internal Affairs Ts.Nyamdorj has said families of all the casualties of the July 1 incident has taken the compensation offered by the Government. However, the father of E.Dorjsuren, one of the five who died that night, has not

S.Batbold: Tavantolgoi mine will be fully owned by state

Prime Minister S.Batbold yesterday met with the working group on Tavantolgoi, set up by Parliament to prepare general procedures for exploiting the mine. The group consists of representatives from the Ministries for Mineral and Energy, Finance, Nature, Environment and Tourism,

China’s CNNC to buy Khan Resources

Canada”s Khan Resources Inc has agreed to be bought by Beijing-based CNNC Overseas Uranium Holding Ltd in a deal that values the uranium explorer at USD52.9 million and gives the Chinese firm access to the Dornod field in Mongolia. Khan

Elbegdorj presents award to Prince Andrew

President Ts. Elbegdorj presented the Golden Gerege award to Prince Andrew for his contribution toward publicizing Mongolia. The presentation of the award, whose recipients were named last month, was made on the sidelines of the World Economic Forum in Davos

Investors look forward to next week’s economic forum

The Mongolia Economic Forum to be held on February 8 and 9 in Ulaanbaatar under the auspices of the Prime Minister, is being eagerly  awaited by both domestic and international investors.
The North America-Mongolia Business Council Chairman Ed Story has said,

HeartHeartHahaHahaLoveLoveWowWowYayYaySadSadPoopPoopAngryAngry