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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.

Petro Matad will work in joint co-operation with BG group of England

Petroleum exploration company, Petro Matad announced today the company has concluded a farm- out agreement with the BG Group of England which will receive 78 percent of its area of block IV V.

The Company has two Mongolian subsidiaries, Petro Matad LLC and Capcorp.

This area is

Turkey expresses willingness to co-operate in the industrial sector

Today D. Erdenbat, the Minister of Industry received Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Mongolia Murat Karagoz and a delegation from the Embassy including the Commercial Counselor to the Ambassador Mr. Oguz Kuyumcu.

In the meeting the Ambassador Karagoz expressed gratitude for

Shares of Turquoise Hill have increased by 11 percent

Last Sunday Prime Minister Ch. Saikhanbileg announced in a televised statement that the financing for the underground mine portion of Oyu Tolgoi was very close to being finalized.

Following his speech on Monday the share price of Turquoise Hill on the

Two Casinos of International Standards to Open in Mongolia

The Casino Law will allow casinos to be established and operate in Mongolia, however initially the number will be limited to 2 casinos.

The Legal Standing Committee is currently discussing the details of the Law. One stipulation states that only foreign

Domestic Producers Forecast 38 Billion MNT in Foreign Trade

A joint cooperation between the Ministry of Industry, Center for the Development of Small and Medium Sized Enterprises and the Mongolian Chamber has been announced the project named “Mongol Jinchin” aims to advertise and promote domestically produced brand named products

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