SouthGobi Energy Resources has secured Asia”s top sovereign wealth funds, China Investment Corp (CIC) and Temasek, as cornerstone investors in its planned USD400 million Hong Kong IPO this month. China”s CIC and Singapore”s Temasek will each buy USD50 million worth

Energy Resources CEO G.Battsengel has said his company plans to contribute to the country’s development by engaging domestic companies as much as possible as subcontractors in all its work. More than 300 domestic contractors and suppliers are working on projects

Along with privatizing 12 state properties, the Government plans to establish several liability companies this year. The Erdenet factory, Mongolrostsvetment, Energy Resource, Khushuut and Oyutolgoi will offer shares to the public. This was disclosed at an open conference titled “Establishment

Centerra Gold has forecast a consolidated gold production of between 640,000 and 700,000 ounces this year, compared to 675,592 ounces produced in 2009.  “As we continue to expand our operations in both Mongolia and the Kyrgyz Republic, an aggressive focus

Khan Resources has announced that its 58%-owned Mongolian subsidiary, Central Asian Uranium Company (CAUC), has received a formal notice from the State Property Committee of Mongolia (SPC) requiring CAUC to propose to its shareholders a resolution to approve an increase

The second meeting of the India-Mongolia Joint Committee on Cooperation, held last week in Delhi, decided to operationalize the bilateral pact on civil nuclear cooperation by assisting in capacity creation for the Mongolian nuclear sector and considering the manner in

The Government of Mongolia has failed to effectively respond to human rights abuses that took place during the July 2008 riot in Sukhbaatar Square and its aftermath, leaving a legacy of impunity and injustice, Amnesty International has said in a

Mongolia once seemed an unlikely candidate for democratic reform, but while its two mighty neighbors are allowing authoritarian tendencies to diminish rule of law, impoverished Mongolia has persisted in building a more accountable government, says an appreciative report in The

The Human Development Center and Globe International have announced that the UN Human Rights Council has decided to discuss the human rights situation in Mongolia in its ninth conference to be held in Geneva, Switzerland on November 23. The conference

The city administration has stored 230 tons of snow melting substances, 400 cmt of sand and 280 tons of salt for use during the 2009-2010 winter. Of this, 80 tons of substance, 110 tons of salt and 240 cmt of