Mongolia Online | Published News

U.S. Helps Mongolia Prepare for Radiological Incident

mongoliaonline — Fri, 27 Aug 2010 01:30:22 EDT

The U.S. National Nuclear Security Administration said today it had provided training to Mongolian authorities on the response to a potential terrorist strike against a site that holds nuclear or radiological materials.

Mongolian personnel from the law enforcement, regulatory and other sectors dealt with three distinct terrorist strike schemes in a four-day exercise at

73 Vote(s)

Why The Mongolian ‘Ninjas’ Keep On Digging?

mongoliaonline — Thu, 26 Aug 2010 23:36:33 EDT

Gold production in Mongolia is growing rapidly and it saw a seventeen-fold increase between 1991 and 2001. But the real boost came in July 2001, when a Canadian company called Ivanhoe Mines found a large gold and copper deposit at Oyu Tolgoi (turquoise hill). Foreign investment in the country on explorations soared. And the great Mongolian gold rush began with mining companies from aroun

501 Vote(s)

Mongolia Weighs Wind for China

mongoliaonline — Thu, 26 Aug 2010 06:24:12 EDT

Mongolia, one day, hopes to export more than just coal to neighboring China.

At a recent cabinet meeting, Prime Minister Sukhbaatar Batbold outlined plans to ramp up the country’s investments in alternative energy and to export wind power to China — enough to equal 40 million tons of coal.

485 Vote(s)

From follower to pioneer, Korea teaches Mongolian bobsleigh team

mongoliaonline — Wed, 25 Aug 2010 08:29:21 EDT

At the opening ceremony of the push track, a training facility for the bobsleigh start, at PyeongChang, Tuesday, four men, looking similar to Koreans, approached with purpose.

They were Mongolian bobsleighers here with their coaches, to learn the skills and training methods necessary to compete in the bobsleigh and skeleton.

95 Vote(s)

In Mongolia, the Horse-Headed Fiddle Rides Again

mongoliaonline — Wed, 25 Aug 2010 08:21:20 EDT

ULAN BATOR, MONGOLIA — In the two decades since the Soviet Union dissolved and Mongolia became an independent democracy, the country has struggled to resuscitate cultural traditions lost during its many years as a Soviet satellite.

94 Vote(s)

Mongolian Mining Plans $700M IPO, Term Sheet Says

mongoliaonline — Wed, 25 Aug 2010 06:00:22 EDT

Sept. 1 (Bloomberg) -- Mongolian Mining Corp. is selling about $700 million of stock in an initial public offering, the first by a Mongolian company in Hong Kong, according to a term sheet sent to investors by the sale’s arrangers.

Mongolian Mining, formerly known as Energy Resources, plans to price its shares on Sept. 24 and start trading on Oct. 5, the term sh

490 Vote(s)

Anti-Chinese sentiment sparks alarm in Mongolia

mongoliaonline — Wed, 25 Aug 2010 05:50:30 EDT

ULAN BATOR, Tuesday 31 August 2010 (AFP) - Bat -- a softly-spoken, smartly dressed 24-year-old Mongolian educated in Moscow -- points to the screen saver on his mobile phone with pride. It's a picture of the skull of a German SS officer.

Bat is the somewhat unlikely face of Dayar Mongol, one of three registered ultra-nationalist groups in Mongolia which sometimes take

492 Vote(s)

Woori Bank opens lounge for Mongolian migrants

mongoliaonline — Wed, 25 Aug 2010 03:27:02 EDT

Woori Bank opened a lounge for migrant workers from Mongolia on Sunday under its recent commitment for an expatriate-friendly service.

The lounge, designed as a sort of shelter for Mongolians, is at the bank’s Gwanghi-dong branch in downtown Seoul.

It is equipped with about 300 books and a variety of CDs and DVDs in Mongolian.

140 Vote(s)

Utah medics to teach surgery technique to Mongolian doctors

mongoliaonline — Wed, 25 Aug 2010 02:32:23 EDT

SALT LAKE CITY -- A team of medical volunteers, mostly from Utah, is preparing for a trek to one of the most remote countries in the world. It's an annual effort doing what many experts thought was a bad idea: teaching an advanced form of high-tech surgery in a primitive economy.

It's so off-the-beaten-track, a lot of people probably couldn't find Mongolia on a map. By

91 Vote(s)

Master mechanic satisfied with working life in Mongolia

mongoliaonline — Wed, 25 Aug 2010 02:26:19 EDT

If moving up in the world means graduating from high school in Merritt and landing a high profile mining job in Mongolia, consider Bradley Bennett a perfect example.

After sitting in the front row of the Merritt Secondary School graduating class on a warm June day at the de-iced Nicola Valley Memorial Arena a few months ago, the 56-year-old heavy duty mechanic is now s

91 Vote(s)

Wary of Chinese Intentions, Mongolia Opts For More Expensive Rail Development Plan

mongoliaonline — Tue, 24 Aug 2010 07:08:52 EDT

As they ponder ways to develop Mongolia's abundant natural resources, political leaders in Ulaanbaatar are opting for more expensive infrastructure options in order to bolster the country's sovereignty.

The leadership's sovereignty concerns were evident in the recent announcement that a railroad spur leading from the country's largest coal mine would link into the country's dome

93 Vote(s)

NAR Forges Long Term Collaboration with Sinosteel Trading

mongoliaonline — Tue, 24 Aug 2010 07:02:11 EDT

Hong Kong, Aug 24, 2010 (ACN Newswire via COMTEX) -- North Asia Resources Holdings Limited ("NAR" or the "Company") announced that the Company has signed a memorandum of understanding (the "MOU") with Sinosteel Trading Co., Ltd. ("Sinosteel Trading") on 18 August 2010 for long-term cooperation with respect of the Company's iron ore mining operation in Mongolia.

Under the MOU, S

93 Vote(s)

Mongolian Cabinet holds meeting in Gobi desert to draw attention to climate change

mongoliaonline — Tue, 24 Aug 2010 06:21:50 EDT

GASHUUNII KHOOLOI, Mongolia - Top Mongolian officials donned dark green baseball caps reading "Save our planet" and set up chairs and tables in the sands of the Gobi desert for a Cabinet meeting aimed at drawing attention to climate change.

The meeting of 12 government ministers was held in scorching heat Friday in Gashuunii Khooloi, a sandy valley in South Gobi p

134 Vote(s)

Abu Dhabi to help Mongolian falcons to spread their wings

mongoliaonline — Tue, 24 Aug 2010 06:06:02 EDT

ABU DHABI // With financial support from Abu Dhabi, conservationists have started to build the first of 5,000 artificial nests in the Mongolian steppes in a bid to increase the number of breeding Saker Falcons.

The Saker Falcon population has been declining rapidly due to capture for the falconry trade, loss of habitat and pollution.

140 Vote(s)

China Day Ahead: Mongolian Mining's Hong Kong IPO Approved, Baoshan Loss

mongoliaonline — Tue, 24 Aug 2010 05:45:07 EDT

Mongolian Mining Corp. received approval from the Hong Kong Stock Exchange for a $1 billion initial public offering, the first by a Mongolian company in the territory, according to two people familiar with the IPO.

Mongolian Mining, formerly known as Energy Resources, plans to list as much as 25 percent of its freely traded shares after the initial sale, said the people, who declined t

487 Vote(s)

NYSSA Holds First Mongolia Investment Conference

mongoliaonline — Tue, 24 Aug 2010 05:38:45 EDT

NEW YORK--(BUSINESS WIRE)--The New York Society of Security Analysts (NYSSA) will hold its first conference on investing in Mongolia. Regional experts will discuss the country’s economic outlook and investment potential, and executives from Mongolian public companies will discuss their businesses.

Mongolia is expected to become one of the world’s fastest gr

486 Vote(s)

Mongolia, Japan vow to boost partnership

mongoliaonline — Tue, 24 Aug 2010 02:43:33 EDT

Mongolia hopes to move its comprehensive partnership with Japan to a new level, said Mongolian President Tsakhia Elbegdorj on Monday.

"Loans and assistance from the Japanese government and people have played an important role in strengthening the democracy and reform of Mongolia," said the president during a meeting with visiting Japanese Foreign Minister Katsuya Okada

485 Vote(s)

Mongolia reports outbreak of bird disease "Newcastle"

mongoliaonline — Tue, 24 Aug 2010 02:14:03 EDT

ULAN BATOR, Aug. 30 (Xinhua) -- Mongolian State Emergency Commission on Monday announced an outbreak of contagious bird disease "Newcastle," the first time in the country's history.

The outbreak occurred at a commercial chicken farm in the Ulan Bator region. Chicken death was reported at the farm 10 days ago and experts confirmed the outbreak, tentatively concluding th

486 Vote(s)

Mongolia is Least Attractive for Mining

mongoliaonline — Mon, 23 Aug 2010 17:12:23 EDT

Mongolia is seen as the world’s least attractive jurisdiction for mineral exploration and development, according to the survey released today by the Fraser Institute, Canada’s leading public policy think-tank.

The updated survey of international mining executives was conducted between June 1 and June 30.

37 Vote(s)

South Korea To Help Mongolia Achieve Maritine Transportation Capability

mongoliaonline — Mon, 23 Aug 2010 17:06:01 EDT

SEOUL, Aug 24 (Bernama) -- South Korea plans to help Mongolia to build up maritime transportation capability in exchange for gaining access to the landlocked country's abundant natural resources, Yonhap news agency said Tuesday.

The Ministry of Land, Transport and Maritime Affairs said Seoul aims to train sailors, share commercial maritime management systems and allow

37 Vote(s)

Response: Mongolia is the unsung success story of Asian human rights

mongoliaonline — Mon, 23 Aug 2010 16:56:04 EDT

Descriptions of Nazism and xenophobia are unfair and unrepresentative, says Michael Aldrich

It is a pity that Tania Branigan overstates the influence of "Mongolian neo-Nazis" in her article (Mongolian neo-Nazis: Anti-Chinese sentiment fuels the rise of ultra-nationalism, 2 August). She says that "a new strain of Nazism has found an unlikely home" in Mongolia and

17 Vote(s)

The U.S., blowing stuff up in Mongolia

mongoliaonline — Mon, 23 Aug 2010 15:56:25 EDT

The U.S.'s annual military exercise in Mongolia, Khaan Quest, is underway, and the organizers have put some photos on flickr. One of the components of the exercise is apparently a "counter IED team post-forensic analysis."

17 Vote(s)

Seoul Metro to Conduct Feasibility Study for Ulaanbaatar

mongoliaonline — Mon, 23 Aug 2010 03:02:41 EDT

Seoul Metro, which operates subway Line One to Line Four in Seoul, has won a contract to conduct a feasibility study for a project to build a light rail transit system in the Mongolian capital of Ulaanbaatar.

The city plans to construct a 47-kilometer light rail system as part of a one-point-four trillion won transportation project.

17 Vote(s)

Vietnam, Mongolia promote parliamentary cooperation

mongoliaonline — Mon, 23 Aug 2010 02:55:24 EDT

Regular exchanges between the Vietnamese and Mongolian parliaments have helped strengthen cooperative relations between the two countries, said Deputy Speaker of the Mongolian Parliament G.Batkhuu.

At a recent reception for a delegation of Vietnamese and Mongolian members of parliament (MPs), Mr Batkhuu praised the activities of the two groups of friendship MPs and sai

17 Vote(s)

Mongolian Mining Said to Receive Approval for $1 Billion Initial Offering

mongoliaonline — Sun, 22 Aug 2010 18:40:54 EDT

Mongolian Mining, formerly known as Energy Resources, plans to list as much as 25 percent of its freely traded shares after the initial sale, said the peopl

198 Vote(s)

Mongolia, U.S. Vow to Enhance Defense Cooperation

mongoliaonline — Sat, 21 Aug 2010 01:54:22 EDT

Mongolian Prime Minister Sukhbaatar Batbold and a visiting senior U.S. defense official reaffirmed their willingness to enhance cooperation in security and defense sectors, the Mongolian government said Friday.

Mongolia is working with the United States in strengthening international as well regional security and will extend their cooperation to help strengthen and mai

48 Vote(s)

Khan Files Formal Claim Against ARMZ

mongoliaonline — Sat, 21 Aug 2010 01:39:41 EDT

TORONTO, ONTARIO, Aug 20, 2010 (MARKETWIRE via COMTEX) -- Khan Resources Inc. ("Khan") announced today that it has filed a statement of claim against Atomredmetzoloto JSC ("ARMZ") and its affiliate JSC Priargunsky Industry Mining and Chemical Union ("JSC PIMCU") with the Ontario Superior Court of Justice.

The statement of claim alleges, among other things, that the har

48 Vote(s)

Mongolian PM: Mongolia attaches great importance to ties with China

mongoliaonline — Fri, 20 Aug 2010 01:15:40 EDT

Mongolian Prime Minister Sukhbaatar Batbold said here Thursday that Mongolia and China were good neighbors and Mongolia attached great importance to developing its ties with China.

Batbold made the remarks when meeting Ma Xiaotian, deputy chief of general staff of the Chinese People's Liberation Army, who arrived here for the 5th China-Mongolia Defense Consultation.

59 Vote(s)

Mongolia, Mongolian Kazakhs and Kazakhstan

mongoliaonline — Thu, 19 Aug 2010 00:54:11 EDT

As everyone knows, Mongolia is made up of a large territory with a small population. There are no ethnic minorities here except for the Kazakhs. The Kazakhs of Mongolia make up about 6 percent of the total Mongolian population of 2,700,000.

51 Vote(s)

Ivanhoe Mines defiant in Rio Tinto stoush

mongoliaonline — Wed, 18 Aug 2010 00:48:01 EDT

Ivanhoe Mines said its battle with Rio Tinto for control of Mongolia's Oyu Tolgoi mine was continuing.

It said it was sticking to a shareholders' rights plan that had led its project partner to go to arbitration.

The plan, adopted by Ivanhoe's board in April, could make it difficult for Rio to take a majority stake in Ivanhoe, which is developing Oyu Tolgoi, a

51 Vote(s)

Ivanhoe Sticks To Shareholders' Plan As Arbitration Continues

mongoliaonline — Wed, 18 Aug 2010 00:42:52 EDT

LONDON, Aug 17, 2010 (Dow Jones Commodities News Select via Comtex) --Ivanhoe Mines Ltd. (IVN.T) Tuesday said its battle with Rio Tinto PLC for control of Mongolia's Oyu Tolgoi mine is continuing, and it is sticking to a shareholders' rights plan that has led its project partner to go to arbitration, Ivanhoe said Tuesday.

The plan, adopted by Ivanhoe's board in April,

58 Vote(s)

SouthGobi shares slide 7.4% in Hong Kong

mongoliaonline — Wed, 18 Aug 2010 00:22:26 EDT

HONG KONG (MarketWatch) -- Shares of Mongolia-focused coal producer SouthGobi Resources Ltd. tumbled 7.4% in Hong Kong Tuesday. The day's steep fall in heavy trading volumes marks the fifth straight day of declines and came a day after the company's majority owner, Canada's Ivanhoe Mines Ltd., reported a $30 million loss.

59 Vote(s)

Mongolian PM, senior CPC official meet on ties

mongoliaonline — Tue, 17 Aug 2010 00:09:00 EDT

ULAN BATOR, Aug. 16 (Xinhua) -- Mongolian Prime Minister Sukhbaatar Batbold Monday discussed bilateral ties here with Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee.

Batbold, also chairman of the Mongolian People's Revolutionary Party, said Mongolia will continue to work with China to add new substance to the M

60 Vote(s)

Mongolia can undercut Aussie coal export

mongoliaonline — Mon, 16 Aug 2010 07:25:38 EDT

Mongolia is emerging as a major competitor to Australian coal exports due to its vast untapped reserves, cost efficiency and close proximity to China.

Mining giant Leighton Holdings Ltd says Mongolia has at least has 10 to 15 billion tonnes of recoverable coal that could be supplied to China for less than US$100 per tonne.

Leighton Asia is the only internationa

37 Vote(s)

Mongolia Hosting Northeast Asia Economic Forum

mongoliaonline — Mon, 16 Aug 2010 04:01:45 EDT

ULAANBAATAR (Mongolia), Aug 16 (Bernama) -- Mongolia will host the 19th Northeast Asia Economic Forum from Aug 26 to 27, Mongolia's MONTSAME news agency reported.

The forum which aimed to develop economic cooperation is organised by the Office of the President of Mongolia, the Government, Northeast Asia Association, Asian Pacific Institute and Northeast Asia Economic F

38 Vote(s)

Mongolia races to meet China’s needs

mongoliaonline — Mon, 16 Aug 2010 03:50:25 EDT

SouthGobi Resources owns the right asset in the right place at the right time. The Hong Kong-listed Mongolian mining company is controlled by Ivanhoe Mines of Canada, and operates the Ovoot Tolgoi mine just 40km from the border with China.

Since March, Oovot Tolgoi has produced about 200,000 tonnes of coal a month, most of it destined for Chinese steel mines and power plants.

38 Vote(s)

As Mongolia develops, Canada leads the way

mongoliaonline — Sun, 15 Aug 2010 06:33:07 EDT

ULAANBAATAR, MONGOLIA – Instead of the traditional barbecues and fireworks that are part of Canada Day celebrations at home, Canadians here marked July 1 listening to a tuxedoed Mongolian baritone perform our anthem at an embassy reception outside a former dictator’s palace

Not surprisingly, many of the ex-pat guests were mining company executives. As Mongo

38 Vote(s)

Russia to consider possibility of setting up JV in uranium with Mongolia

mongoliaonline — Sat, 14 Aug 2010 06:11:35 EDT

Russian government has introduced into the lower house of the Russian Parliament, the State Duma, an intergovernmental agreement with Mongolia on setting up joint uranium mining company with limited liability Dornod Uran.

The agreement was signed by head of the Russian state corporation Rosatom Sergei Kirienko and head of the Atomic Energy Authority of Mongolia Sodnomy

38 Vote(s)

SouthGobi Resources Aims to Secure Second Mongolian Coal Mining License

mongoliaonline — Fri, 13 Aug 2010 06:02:58 EDT

SouthGobi Resources Ltd., backed by China’s sovereign wealth fund, aims to get a mining license for a second coal pit in Mongolia by the year-end.

The company will apply for a permit for the Soumber deposit in the coming months, Chief Executive Officer Alexander Molyneux said at a media briefing in Hong Kong today. About $205 million is needed to develop the mine

38 Vote(s)

New Entree Coal License in Mongolia

mongoliaonline — Fri, 13 Aug 2010 05:47:37 EDT

Entree Gold has received a mining license covering the Nomkhon Bohr coal discovery, which was outlined through exploration efforts in 2008-2009.

The new mining license comprises about 14,030 hectares and covers the north-west corner of the former Togoot exploration license.

The portion of the property included in the mining license is mainly underlain by Permian sediments, whic

51 Vote(s)