Energy Resources LLC, a closely held coking coal producer in Mongolia, is considering an initial public offering in Hong Kong or London, its majority shareholder has said. “It’s just an idea at the moment, but we are looking to raise
Hong Kong-listed Kiu Hung Energy Holdings will be buying three mines in a western province of Mongolia from First Dean Holdings on payment of between HKD1 billion and HKD1.4 billion in cash or by issuing bonds or notes. The three
Micro Technologies (India) Ltd. has expanded its IT-based business to Mongolia, planning to provide highly advanced security products in the domestic market. The company said it would offer its various products for vehicle, mobile security and tracking, premises security, including
B.Altsukh, senior specialist at the Fuel Policy Department in the Ministry of Mineral Resources and Energy, thinks it was a good decision to have one ministry for both mineral resources and energy, but it was anomalous to have a fuel
The World Bank has approved a USD10-million scale-up of the Index Based Livestock Insurance Project (IBLIP) in Mongolia. IBLIP, introduced in 2006, provides herders with insurance through partnering with local private insurance companies, to get protection against climate-related losses to
It appears that the MPs who had cautioned against signing the investment contract of Oyutolgoi before reaching a consensus on the technical and economic estimations were right after all. The working group established by the Standing Committee on Security and
The 8th day of the lunar new year is usually celebrated by people wearing a deel or some other item of traditional clothing. The Mongolians with Deel movement observed the day yesterday with monks of Gandantegchilen praying at the Tasganii
A report from a herder in Buren soum, Tuv province on Friday that he had seen something fall from the sky led to a team of experts visiting the place to ascertain if it was a meteorite. D.Namsrai, deputy head
The Standing Committee on Security and Foreign Policy has asked the Government to investigate why 12 mining licenses, granted near the Mardai uranium deposit apparently in violation of the law, have not yet been canceled. The head of the committee,
A loan from the European Bank for Reconstruction and Development (EBRD) will help the Mongolian arm of Australian Contractor, Leighton, to help finance the company”s ability to offer high quality contract mining services there. The EBRD is providing financing of
