Mongolia Online | Published News

Key resources moves by Mongolia since 1990

mongoliaonline — Wed, 17 Mar 2010 05:02:00 EDT

ULAN BATOR, March 17 (Reuters) - Mongolia is moving gingerly to tap its huge mineral wealth, seeking to dispel fears of resource overdependence and dominance by powerful foreign miners, but its moves are not scaring off investors.

David Stanway presents a timeline of key investment decisions by Mongolia.

1 Vote(s)

Chinalco confirms Rio Guinea, Mongolia JV talks

mongoliaonline — Wed, 17 Mar 2010 04:13:26 EDT

BEIJING, March 17 (Reuters) - China's top state-owned nonferrous metals company Chinalco has confirmed that it is in talks with Rio Tinto about potential joint ventures in Mongolia and Guinea, a Chinese newspaper reported on Wednesday.

1 Vote(s)

China donates grains to snowbound Mongolia

mongoliaonline — Mon, 15 Mar 2010 18:53:29 EDT

BEIJING, March 16 (Reuters) - China has donated 300 tonnes of rice and flour to Mongolia to help fend off the effects of a bitter winter in the remote southwest of the landlocked country, China's Xinhua news agency said on Tuesday.

The severe winter, or zud, has decimated flocks and isolated herders, especially in western Mongolia. The United Nations estimates 2.7 mill

1 Vote(s)

China Shenhua Energy still bidding for Mongolian project

mongoliaonline — Mon, 15 Mar 2010 18:50:05 EDT

HONG KONG, March 16 (Reuters) - China Shenhua Energy Co Ltd, the world's most valuable coal producer, said the company is still bidding for Mongolia's Tavan Tolgoi project.

Ling Wen, Shenhua's president, was speaking at a media briefing in Hong Kong on Tuesday.

1 Vote(s)

Mongolia's harsh winter of discontent

mongoliaonline — Sun, 14 Mar 2010 19:05:19 EDT

Erdenechimeg, one of hundreds of thousands of Mongolians who lead nomadic lives and depend entirely on livestock for a living, is grappling with the country's second straight dzud -- a severe winter after a dry summer.

The rare double-barreled weather phenomenon -- one of the worst on record in Mongolia -- often leads to food shortages for the livestock that generations in the landlock

1 Vote(s)

Mongolia's big freeze

mongoliaonline — Sun, 14 Mar 2010 18:54:04 EDT

March 14, 2010 A slow natural disaster is taking its toll on Mongolia's herders, killing thousands of livestock and putting livelihoods at risk.

The phenomenon is known as the Dzud - a severe summer drought followed by an extra harsh winter.

With heavy snows covering up already sparse grazing land, millions of animals have perished.

Al Jazeera'

1 Vote(s)

Some Mormon missionaries leave Mongolia

mongoliaonline — Fri, 12 Mar 2010 15:53:06 EST

Due to recent changes in Mongolia's visa laws, some Mormon missionaries from the United States who were called to that Asian country and 10 others already serving there have been reassigned, at least temporarily.

Effective next week, the LDS Church still will have 26 full-time foreign missionaries serving in Mongolia, LDS spokesman Sc

1 Vote(s)

Mongolia Honors Former Sumo Grand Champion

mongoliaonline — Fri, 12 Mar 2010 15:47:14 EST

Former sumo grand champion Asashoryu met with Mongolian's deputy prime minister on Friday.

Asashoryu announced he was quitting sumo at a tear-filled news conference in early February following a probe into reports of a drunken scuffle in Tokyo in January.

Despite the scandal, Asashoryu has been received as a big star back home.

1 Vote(s)

Mongolian protestors demand health minister resign

mongoliaonline — Thu, 11 Mar 2010 14:37:12 EST

(Reuters) - Hundreds of protesters gathered in Ulan Bator's central Sukhbatar Square Thursday to demand the resignation of Mongolia's health minister for failing to curtail the spread of the H1N1 strain of influenza.

The first demonstration in the heart of the capital since post-election riots in July 2008 ended peacefully, but protesters warned of further unrest if th

1 Vote(s)

Sumo-Mongolian 'bete noir' says he was forced to quit

mongoliaonline — Thu, 11 Mar 2010 13:09:52 EST

TOKYO, March 11 (Reuters) - Former firebrand sumo grand champion Asashoryu on Thursday denied accusations he broke a man's nose in a drunken fight.

The Mongolian, whose real name is Dolgorsurengiin Dagvadorj, also claimed his decision to quit sumo amid the furore was partly down to forces inside Japan's ancient sport who wanted him gone.

"I didn't commit an act

1 Vote(s)

Mongolia provides field hospital to Darfur

mongoliaonline — Thu, 11 Mar 2010 02:13:15 EST

March 11, 2010 (KHARTOUM) — Mongolian government will send a military field hospital to the restive region of Darfur, in response to demand made by the United Nations peacekeeping department.

The hospital will be located at a UNAMID settlement in Kabkabia, about 170 km from El Fasher the capital of North Darfur state.

1 Vote(s)

Rio Discusses Ventures With Chinalco, Financial Review Says

mongoliaonline — Thu, 11 Mar 2010 01:49:37 EST

The Bloomberg reporter Angus Whitley referred to the Australian Financial Review while reporting on March 11 that Rio Tinto Group is in talks with Aluminum Corp. of China about potential joint ventures. Rio Tinto chief executive Tom Albanese is expected to visit Chinalco during a trip to Beijing later this month as the miner explores options for renewed collaboration with its largest single sh

1 Vote(s)

Asashoryu denies alleged drunken rampage, undecided on future

mongoliaonline — Thu, 11 Mar 2010 01:43:47 EST

ULAN BATOR (Kyodo) -- Former Mongolian-born grand champion Asashoryu on Thursday refuted reports of an alleged drunken rampage that preceded his retirement from sumo.

"I didn't commit any violent act," Asashoryu said at a press conference in Ulan Bator, referring to Japanese magazine reports in January that said he became extremely drunk before striking and seriously i

1 Vote(s)

Hungarian, Mongolian PMs discuss ways to strengthen economic ties

mongoliaonline — Wed, 10 Mar 2010 20:44:19 EST

The Hungarian PM announced that Hungary would provide technical advice to Mongolia on trading with the European Union, as well as financial support in the fields of animal health and animal rearing technology.

Bajnai also said Hungary would provide a Mongolian food producer with a low-interest loan of 25 million U.S. dollars.

Bajnai added that Hungary would keep Mongolia'

1 Vote(s)

Mongolia goes green!!! « Kiva Stories from the Field

mongoliaonline — Wed, 10 Mar 2010 03:30:41 EST

Yes, it might be the dead of winter in Mongolia, with temperatures hovering around -30 degrees Fahrenheit, but the loan products here have been turning green. Thanks to the hard work of the Eco Products Team at XacBank in Mongolia, Kiva lenders saw an introduction of 3 new types of personal consumption ‘green loans’ in December 2009.

1 Vote(s)

Mongolia Energy to start coal delivery in August

mongoliaonline — Wed, 10 Mar 2010 03:20:05 EST

HONG KONG, March 10 - Mongolia Energy Corp, a former technology company that remade itself into a natural resources developer in 2007, will deliver its first coking coal cargo this August and is also looking at projects beyond Mongolia, a senior executive said.

Mineral rich Mongolia is attracting more attention from global investors after a deal in October with Ivanhoe Mine

1 Vote(s)

Mongolian firm sees overseas IPOs gold

mongoliaonline — Mon, 08 Mar 2010 21:25:47 EST

(Reuters) - More miners from the land of Genghis Khan may soon be listing abroad.
Mongolian owned and operated resources firms -- from coal to copper to iron ore companies -- are actively searching for foreign investors and hope to list in markets such as Hong Kong this year, the top executive of an Ulan Bator-based financial services firm told the Reuters Global Mining a

1 Vote(s)

Mongolian PM to visit Europe

mongoliaonline — Sun, 07 Mar 2010 19:11:19 EST

Mongolian Prime Minister Batbold Sukhbaatar will visit the Republic of Austria on March 8-9, to meet with authorities of the United Nations Office in Vienna, the UNIDO, the IAEA and the Organization for Security and Cooperation in Europe (OSCE), the Mongolian Foreign Ministry's Information Service said on Sunday.

The premier also will pay an official visit to the Republic of Hungary

1 Vote(s)

Ulaanbaatar’s clean air is everyone’s responsibility

mongoliaonline — Sun, 07 Mar 2010 18:44:52 EST

Ulaanbaatar is already the coldest capital of the world, but it need not be its most polluted.

When Ulaanbaatar's one million citizens breathe, their lungs act like air filters, catching and storing harmful dust. Scientists call this dust "Particulate Matter" (PM). If PM is smaller than 10 microns or "PM10" it can cause severe respiratory illnesses. These illnesses can lead to

1 Vote(s)

A harsh winter and uncertain future for Mongolia's pastoralists: In Mongolia, many nomads despair

mongoliaonline — Sat, 06 Mar 2010 06:43:16 EST

NOT just North America and Europe are pulling out of harsh winters. Mongolia has had its bitterest winter in decades. Nearly 3m of the country’s livestock, something approaching a tenth of the total, are said to have died, and some Mongolians. Now, with the glitter of huge mining projects on the horizon, questions are being raised about the future of nomadic herding, which for millennia

1 Vote(s)

UN provides medical help for pregnant women amid Mongolias harsh winter

mongoliaonline — Thu, 04 Mar 2010 05:36:40 EST

3 March 2010 -- Severe winter conditions in Mongolia are preventing expectant mothers from reaching health facilities, requiring the United Nations to bring medical help closer to them.

The UN Population Fund (UNFPA), in coordination with the UN Children’s Fund (UNICEF) and the World Health Organization (WHO), has been supporting life-saving mobile medical teams

1 Vote(s)

Mongolia gets offers of long-term power supply contracts from Russia

mongoliaonline — Wed, 03 Mar 2010 11:19:13 EST

Moscow, 3 March: Russia's energy export and import monopoly Inter RAO UES says it is ready to switch to long-term contracts on power supplies with Mongolia.

On Tuesday, Moscow hosted the talks that brought together representatives of Inter RAO UES, Mongolia's state-run power companies and Ministry of Mineral Resource and Energy.

1 Vote(s)

UN airlifts emergency supplies to children amid severe winter

mongoliaonline — Tue, 02 Mar 2010 21:01:02 EST

2 March 2010 - As temperatures in western Mongolia continue to hover around -40 degrees Celsius, the United Nations is sending woolen blankets, warm footwear, hygiene kits and other emergency supplies to nearly 4,000 school-age children living in poor rural areas of the country.

2 Vote(s)

Khan Acknowledges ARMZ Intention to Abandon its Unsolicited Offer

mongoliaonline — Tue, 02 Mar 2010 03:15:10 EST

TORONTO, ONTARIO, Mar 01, 2010 (MARKETWIRE via COMTEX) -- Khan Resources Inc. ("Khan") announced today that it acknowledges that Atomredmetzoloto JSC ("ARMZ"), a Russian state-owned nuclear energy corporation, intends to allow its unsolicited offer to purchase all of the outstanding common shares of Khan (the "Shares") for $0.65 per Share to expire. The decision by ARMZ to aba

1 Vote(s)

Rio Tinto beefs up position in Canada's Ivanhoe

mongoliaonline — Sun, 28 Feb 2010 14:58:13 EST

MELBOURNE (Reuters) - Global miner Rio Tinto (RIO.L) will increase its stake in Canada's Ivanhoe Mines (IVN.TO) by 2.7 percent to 22.4 percent for $233 million, in a move tied to plans to jointly develop the giant Oyu Tolgoi copper mine in Mongolia.

2 Vote(s)

Rio to Spend C$245 Million Increasing Ivanhoe Stake

mongoliaonline — Sun, 28 Feb 2010 14:54:34 EST

March 1 (Bloomberg) -- Rio Tinto Group, the world's third- largest mining company, will spend C$245 million ($233 million) to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project in Mongolia.

Rio will buy 15 million shares at C$16.31 each, the London- based company said today in a statement to the Australian Stock Exchange. That will lift its holding

1 Vote(s)

U.S.-Mongolia Annual Bilateral Consultations

mongoliaonline — Fri, 26 Feb 2010 17:20:10 EST

The United States and Mongolia held Annual Bilateral Consultations on February 26, 2010 in the State Department's George C. Marshall conference facility.

The ABC, which rotates annually between the two capitals, covers the broad range of activity between the two nations.

Assistant Secretary for East Asian and Pacific Affairs Kurt M. Campbell and Mongolian Ministry of Foreign Af

2 Vote(s)

Energy Resources Mulls London IPO, Shareholder Says

mongoliaonline — Thu, 25 Feb 2010 03:16:38 EST

Feb. 23 (Bloomberg) -- Energy Resources LLC, a closely held coking coal producer in Mongolia, is considering an initial public offering in Hong Kong or London, the majority shareholder said.

"It's just an idea at the moment, but we are looking to raise funds and an overseas listing is a good way to raise the profile of the company," Gankhuyag Adilbish, managing director of MCS Holdin

3 Vote(s)

BBC - Democracy Live - Debate on Mongolia

mongoliaonline — Thu, 25 Feb 2010 02:49:34 EST

Labour MP John Grogan highlighted the importance of the relationship between the UK and Mongolia.

Mr Grogan, who chairs the All Party Parliamentary Mongolia Group, said about 7,000 British tourists visit the country every year, and that the country's tourism industry had "great potential".

He said he was keen to see the introduction of direct flights between the UK and t

3 Vote(s)

BBC News - UN pays for cattle carcasses in frozen Mongolia

mongoliaonline — Wed, 24 Feb 2010 19:22:13 EST

Extreme cold in Mongolia has killed so much livestock that the United Nations is starting a programme to pay herders to clean and collect the carcasses.

More than 2.7m livestock have already died and another 3m carcasses are expected by June.

The UN Development Programme cash-for-work programme aims to produce income for herders whose

2 Vote(s)

World Bank approves Livestock Insurance Project to help Mongolian herders

mongoliaonline — Wed, 24 Feb 2010 12:01:38 EST

The World Bank Tuesday approved a 10 million U.S. dollars scale up of the highly innovative Index Based Livestock Insurance Project (IBLIP) to help Mongolian herders.

IBLIP, which was first introduced in 2006, provides herders with insurance through partnering with local private insurance companies. Insurance protects herders from climate related losses to their livestock.

2 Vote(s)

Korean officials to serve in Mongolia

mongoliaonline — Wed, 24 Feb 2010 11:32:34 EST

Two top Korean public servants will work in Mongolia for a year as financial advisers to the country, a move intended to help create stronger ties between the nations.

The two officials are being sent to Mongolia as World Bank consultants under a $500,000 program created by the global financial body to help the country modify and strengthen its financial systems. Mongolia has received

2 Vote(s)

EBRD loan to Leighton to help promote contract mining for Mongolia

mongoliaonline — Mon, 22 Feb 2010 06:02:05 EST

The European Bank for Reconstruction and Development (EBRD) is making a $35 million loan available to the Mongolian arm of Australian Contractor, Leighton, to help finance the company's ability to offer contract mining services there.

2 Vote(s)

Mongolian Harvard Elites Aim for Wealth Without ‘Dutch Disease’

mongoliaonline — Thu, 18 Feb 2010 04:07:42 EST

Feb. 16 (Bloomberg) -- Mongolia’s billions of dollars worth of copper, gold, uranium and coal reserves promise the greatest influx of wealth for the country since Genghis Khan conquered much of the known world in the 13th century.

They also may spawn a crisis. Sudden prosperity can overwhelm an economy, exposing it to commodity-price swings. Mongolia’s leaders, some educ

3 Vote(s)

MONGOLIA: HARSH WINTER WEATHER WIPING OUT LIVESTOCK

mongoliaonline — Wed, 17 Feb 2010 18:13:10 EST

While international attention has been focused on earthquake-ravaged Haiti, a quiet, prolonged catastrophe is playing out in Mongolia.

Known locally as a "dzud," the unfolding disaster stems from naturally occurring factors that are combining to wipe out livestock. The summer of 2009 was particularly dry, hampering the ability of many herders to gather sufficient supplies of fodder and

2 Vote(s)

Mongolians brave sub-zero winter to welcome New Year

mongoliaonline — Sun, 14 Feb 2010 10:40:17 EST

ULAN BATOR (Reuters) - Snow and sub-zero temperatures were not enough to keep Mongolians indoors on Sunday, the first day of the Lunar New Year, when the first step out the door determines the path for the rest of the year.

3 Vote(s)

As severe winter spreads death and shortages in Mongolia, UN appeals for funds

mongoliaonline — Sat, 13 Feb 2010 00:46:47 EST

12 February 2010 – With weeks of freezing temperatures and heavy snows leaving more than half of Mongolia’s 21 provinces in urgent need of aid, the United Nations Children’s Fund (UNICEF) today appealed for nearly $750,000 to face a crisis that is already seeing youngsters die and threatens scores of thousands more.

2 Vote(s)

Mongolian throat singers defend tradition against China

mongoliaonline — Thu, 11 Feb 2010 04:52:38 EST

ULAN BATOR (Reuters Life!) – Bitonal humming is not a common form of patriotic protest, but for traditional Mongolian singers, it was the best way to lay claim to an art form they say has been usurped by China.

The United Nations Educational, Scientific and Cultural Organization, or UNESCO, in November listed Mongolian throat singing as an art native to China, outraging Mongol

2 Vote(s)

Mongolia coal project still open to foreigners

mongoliaonline — Tue, 09 Feb 2010 16:53:38 EST

Foreign mining companies are likely to remain involved in developing Mongolia’s huge Tavan Tolgoi coal project, in spite of government statements indicating that Ulan Bator would prefer to keep 100 per cent equity ownership.

A spokesman for Sükhbaataryn Batbold, the Mongolian prime minister, on Tuesday denied reports that a plan to auction 49 per cent of Tavan Tolgoi to f

3 Vote(s)

Mongolia Considers Keeping Ownership of Key Coal Asset

mongoliaonline — Tue, 09 Feb 2010 03:01:09 EST

ULAN BATOR, Mongolia - Mongolian Prime Minister Batbold Sukhbaatar said he wants to keep full ownership of a key coal asset in government hands, potentially restricting access to a source that had drawn strong interest from Western mining companies.

Speaking to reporters at the first Mongolia Economic Forum, Mr. Batbold said he favors keeping Tavan Tolgoi, a huge co

2 Vote(s)

Mongolia Online | Published News

Key resources moves by Mongolia since 1990

Chinalco confirms Rio Guinea, Mongolia JV talks

China donates grains to snowbound Mongolia

China Shenhua Energy still bidding for Mongolian project

Mongolia's harsh winter of discontent

Mongolia's big freeze

Some Mormon missionaries leave Mongolia

Mongolia Honors Former Sumo Grand Champion

Mongolian protestors demand health minister resign

Sumo-Mongolian 'bete noir' says he was forced to quit

Mongolia provides field hospital to Darfur

Rio Discusses Ventures With Chinalco, Financial Review Says

Asashoryu denies alleged drunken rampage, undecided on future

Hungarian, Mongolian PMs discuss ways to strengthen economic ties

Mongolia goes green!!! « Kiva Stories from the Field

Mongolia Energy to start coal delivery in August

Mongolian firm sees overseas IPOs gold

Mongolian PM to visit Europe

Ulaanbaatar’s clean air is everyone’s responsibility

A harsh winter and uncertain future for Mongolia's pastoralists: In Mongolia, many nomads despair

UN provides medical help for pregnant women amid Mongolias harsh winter

Mongolia gets offers of long-term power supply contracts from Russia

UN airlifts emergency supplies to children amid severe winter

Khan Acknowledges ARMZ Intention to Abandon its Unsolicited Offer

Rio Tinto beefs up position in Canada's Ivanhoe

Rio to Spend C$245 Million Increasing Ivanhoe Stake

U.S.-Mongolia Annual Bilateral Consultations

Energy Resources Mulls London IPO, Shareholder Says

BBC - Democracy Live - Debate on Mongolia

BBC News - UN pays for cattle carcasses in frozen Mongolia

World Bank approves Livestock Insurance Project to help Mongolian herders

Korean officials to serve in Mongolia

EBRD loan to Leighton to help promote contract mining for Mongolia

Mongolian Harvard Elites Aim for Wealth Without ‘Dutch Disease’

MONGOLIA: HARSH WINTER WEATHER WIPING OUT LIVESTOCK

Mongolians brave sub-zero winter to welcome New Year

As severe winter spreads death and shortages in Mongolia, UN appeals for funds

Mongolian throat singers defend tradition against China

Mongolia coal project still open to foreigners

Mongolia Considers Keeping Ownership of Key Coal Asset

UN provides medical help for pregnant women amid Mongolias harsh winter