The First Maternity hospital will be closed for two weeks from Wednesday because of a navel infection among infants. Eight cases have been registered until now. According to Ts.Gankhuu, director of the Metropolitan Health Department, all the babies are improving.
A joint meeting of the Standing Committees on the Economy and on the Budget approved on Tuesday a proposed agreement between Mongolia and Germany. Parliament will now discuss the terms governing a loan of 4.5 million euro carrying 0.75 percent
A joint meeting of the Standing Committees on the Economy and on the Budget on January 19 to discuss amendments to the appendix of the Millennium Challenge Contract signed between the Governments of Mongolia and the USA was marked by a
The sixth biggest U.S. coal company Massey Energy says it has signed a deal to work with India-based Jindal Steel & Power on potential underground coal projects in India, Mongolia, Australia and the United States. Massey Chief Executive Don Blankenship
SouthGobi Energy Resources may raise as much as USD446.6 million in its Hong Kong share sale. The Vancouver-based energy supplier plans to sell shares at the maximum price of the Hong Kong dollar equivalent of CAD17 each, say observers.
SouthGobi
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
