Published News

ULAN BATOR, Feb 8 (Reuters) - Mongolia's decision not to auction a stake in the massive Tavan Tolgoi coal project will allow the nation a greater return on the deposit, Prime Minister Sukhbaatariin Batbold said on Monday, confirming an earlier Reuters report that the sale would be cancelled.

The government had previously planned to sell a 49 percent share in the Tavan Tolgoi deposit

Beijing/Ulaanbaatar, 2 February 2010 – Temperatures plunging to -50°C have killed 1.7 million head of livestock in Mongolia, threatening the livelihoods of 21 000 herder families and putting them at risk of food insecurity, FAO warned today.

An FAO rapid needs assessment on the impact of the disaster has found that urgent external assistance of some $6 million is needed ov

After nearly losing its license to Mongolian politics to its current status as the sought-after prize in a tug-of-war between China and Russia, Khan Resources is experiencing one heck of a year.

With the announcement that uranium explorer Khan Resources hopes to sell all of its shares to China's largest provider of nuclear power, the recent long nightmare surrounding the company's abil

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces a new hotel in a new country: The Radisson Blu Hotel, Ulaanbaatar with 175 guest rooms is scheduled to open in Q1 2011. "We are delighted to enter Mongolia which is a fascinating destination and the 61st country where Rezidor is present", comments Kurt Ritter, President & CEO of Rezidor. "Our co-operat

TOKYO : Controversial sumo grand champion Asashoryu announced his retirement on Thursday following a drunken attack on a man outside a Tokyo nightclub. 
"I decided to retire. So many things have happened. But I feel fine right now," the 29-year-old Mongolian told reporters. 
Asashoryu, whose real name is Dolgorsuren Dagvadorj, attacked the man following a drinking session i

* Government cancels auction of 49 percent stake - sources
* Mongolia to hold 100 pct of Tavan Tolgoi coal mine
* JP Morgan, Deutsche Bank no longer advising on sale
* Mongolia seeking extraction agreement with global miner

TORONTO -- A man who spied on Chinese dissidents in the United States has been living in a Toronto church since this past August to avoid deportation, the National Post has learned.
Hours before the Canada Border Services Agency was scheduled to deport Gankhuyag Bumuutseren for espionage, he sought sanctuary in St. James Anglican church in Etobicoke.
The 41-year-old Mongolian citize

A subsidiary of China National Nuclear Corp will acquire Khan Resources, a Canadian uranium ore miner, for C$56.5 million, which gives it mining rights in the Dornod uranium mine in Mongolia.

Khan Resources declined an acquisition offer from Russia’s Atom Red Met Zoloto in December last year. It holds a 58% stake in the Dornod mine, and it has been asking the Mongolian government