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Russia and Mongolia agreed on Tuesday to launch a uranium mining venture after settling a $150 million debt that will allow the Soviet-era allies to proceed with other projects in infrastructure and farming.


State-owned firms from both countries formed a joint venture to develop the Dornod uranium field in Mongolia's northeast.


The Russian-Mongolian joint venture comes during a

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Foreign Affairs | dornod uranium khan resources medvedev
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The International Monetary Fund approved a $39.4 million disbursement to Mongolia and said implementation of the IMF-backed economic program had helped stabilize the economy.
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Government | imf loan finance
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The military forces of China and Mongolia are to launch a joint peacekeeping exercise Friday in the Beijing area, the Information Office of China's Defense Ministry said in a press release.

Coded "Peacekeeping Mission-2009", the exercise will be the first joint peacekeeping exercise China has held with another country, as well as the first joint military training between China and Mongolia.
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Foreign Affairs | military defence army
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Representatives of Ivanhoe Mines Ltd.'s $3 billion Oyu Tolgoi project in Mongolia have held talks with the government there for the past two weeks to forge an investment agreement, but there is no clear timetable for progress.

Resources companies have been awaiting a solid investment framework for years to mine Mongolia's copper, gold, coal and uranium riches. Talks to forge an investment deal
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Mining | oyu tolgoi rio tinto bhp billiton
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Centerra Gold Inc. (TSX:CG) says its operating licence for the Boroo Mine in Mongolia has been suspended for up to three months after a report from a government inspection agency that visited the Boroo minesite.

The suspension comes a few weeks after unionized workers at the mine stopped work and demanded more money. Centerra said Friday the three-month suspension is related to operating issue
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Mining | centerra boroo gold
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Mongolia has offered to mediate between the United States and North Korea because of its good ties with both countries, and Secretary of State Hillary Rodham Clinton has expressed interest, Mongolian Foreign Minister Sukhbaatar Batbold said.
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Politics | north korea united states mediation
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Mongolia is accepting Russian demands to refuse US government funding for a railroad project and will ask the United States to redirect the funding to another project, the country’s foreign minister said during a visit to Washington.

Under the Millennium Challenge Corporation aid program, which rewards countries that liberalize their political and economic systems, Mongolia is set to receive $
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Foreign Affairs | railway railroad millennium challenge
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8 June 2009 – The top United Nations envoy to Liberia today paid tribute to the Mongolian blue helmets, tasked with protecting the UN-backed Special Court for Sierra Leone (SCSL), for their efforts to promote peacebuilding in West Africa.

“Mongolian peacekeepers have acquired a reputation for bringing exceptional discipline to peacekeeping operations, an international outlook and an ever-ready
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Foreign Affairs | united nations un peacekeeping
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