hidodorj | Voted

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

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.

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.

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

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

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

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.

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