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LONDON, July 30 (Reuters) - Mongolia-focused oil explorer Petro Matad said that analysis carried out on the drilling results of its first well in Eastern Mongolia confirmed that oil was present, sending its shares soaring.

Mr. Katsuya Okada, Minister for Foreign Affairs, held talks with Mr. Dashdorj Zorigt, Minister for Mineral Resources and Energy of Mongolia, for about 20 minutes on July 29 (Thu) from 3:55 p.m. at the Ministry of Foreign Affairs. Minister Zorigt is visiting Japan at the invitation of the Ministry of Foreign Affairs.

An earthquake measuring 4.9 on the Richter scale hit Zuunbayan County, Dornogobi Province, in eastern Mongolia Friday morning, the Mongolian Astronomical and Geophysical Research Institute said.

A researcher from the institute said the epicenter was initially determined at 44.5 degrees latitude and 109.6 degrees longitude, 30 km west of Zuunbayan County and 250 km from

A group of SOFA-sponsored runners from Okinawa spent last week competing in the Mongolia 100K and 42K ultra-marathon running races.

Highlighting the group’s feats, Anna Boom took first in the women’s division and placed fifth overall in the 100K race. Two high school-aged students, Avery and Corinne Lennard, each took part in the 42K race;

The fifth Women's Chess Grand Prix opened in Mongolia on Thursday.

FIDE President Kirsan Ilyumzhinov said,"the tournament is the highest ranking in the history of women's chess championships and tournaments.

In the tournament, four former world champions will compete simultaneously.

The FINANCIAL -- The EBRD and Mongolia’s largest bank Khan Bank have signed a participation agreement for USD 10 million under the EBRD Medium-Sized Co-Financing Facility (MCFF).

"The MCFF is designed to provide co-financing by EBRD for up to 50 per cent of Khan Bank’s loans to selected customers. This will allow Khan Bank to expand its lending capacity pro

TOKYO, July 29 (AP) - (Kyodo)—Japan and Mongolia agreed Thursday to closely cooperate with each other in the development of mineral resources and energy in Mongolia through technology transfer and investment, Japanese officials said.

Chief Cabinet Secretary Yoshito Sengoku met with visiting Mongolian Mineral Resources and Energy Minister Dashdorj Zorigt and brief

Aluminum Corporation of China (Chalco) has suspended its shares pending an announcement on an ''important discussion''.

Chalco's parent company, Chinalco, is in talks with Rio Tinto to buy a stake in the $US4.6 billion ($A5.09 billion) Oyu Tolgoi mine in Mongolia or the British company's partner in the project, Ivanhoe Mines.