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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Direct Ulaanbaatar – Busan flight

The official visit of South Korean Prime Minister Hwan Kyo-ahn ends today. During his visit, Mr Hwan had a private meeting with his Mongolian counterpart, ChSaikhanbileg, following which the two prime ministers said that they had discussed co-operation in the

Meeting with financiers of OT Phase 2

On 16th December, the Mongolian Government had a meeting with the investors of the Oyu-Tolgoi Phase 2 (underground mine). This was linked to the landmark signing agreement to support OT Phase 2 which took place yesterday.

Those present at the meeting

Prime Minister must decide on his deputy

The director of the Democratic Party (DP) Group, Sh.Tuvdendorj has provided information about a meeting of the group which took place on 14th December. During the meeting, Speaker Z.Enkhbold and Prime Minister Ch.Saikhanbileg made speeches. The following issues were discussed:

The

WMO – anti-disaster projects for Mongolia

During the United Nations Climate Change Convention in Paris, N.Battsereg, the Minister for Environment Green Development and Tourism, met M.Jarraud, who is the Secretary General of the World Meteorological Organization (WMO). Mr. M.Jarraud also chairs“UN-Water” which is and inter-agency mechanism

Railway transportation falls by 2 million tons

Last year, “Ulaanbaatar Railway” transported 21 million tons of freight. During the first eleven months of 2015, the figure has fallen to 17,373,000 tons and 25,983 passengers. The number of passengers has fallen by 15% and income by 30%. “UB

Mineral exploration license applications – put on hold

As of yesterday, 15th Decemeber, the Mineral Resource Authority (MRA) stopped receiving applications for special exploration permission. Subsequently, the MRA has clarified that: “Government Protocol number 239 of 28th July 2014 has been changed. In accordance with this alteration, it

OT Phase 2 financing agreement finally signed

The Mongolian Government and mining giant Rio-Tinto have concluded an agreement for the USD 4.4 billion required to finance the construction of the Oyu-Tolgoi underground mine. Rio-Tinto will be guarantor for these loans, which have been provided by 15 international

South Korean Prime Minister in Ulaanbaatar

Yesterday, the 44th Prime Minister of South Korea, Hwan Kyo-ahn, arrived in Mongolia.

Today, Mongolian Prime Minister Ch.Saikhanbileg and Members of the Government met with Mr Hwan in the Column Hall of Governmental House. During the meeting, Mr.Hwan signed the book

MNT 5 trillion declared under “Economic Transparency Law”

The deadline of the “Economic Transparency law” is the 31st December 2015. Not surprisingly, there has been an increase in pressure on the taxation, social insurance and state registration offices.

According to a report by the director of the General Department

MIAT to co-operate with South Korean Railways

Last week in Seoul, Mongolia’s national airline “MIAT” signed an agreement with South Korea’s rail operator “KORAIL”. The agreement is a “Memorandum for Developing Tourism” was signed by MIAT’s executive director, T.Tamir and Mr Lee Gun-tae the director of “KORAIL

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