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Business Consulting, Logistics, Technology Service & Project Development in Mongolia

COMMITTEE APPROVES CONSTRUCTION OF 3 POWER PLANTS

17/10/2014  |  economy
The Power Regulation Committee on 7 October approved construction of three power generating plants in the Gobi Desert.Erergo Service Montag LLC and Mandal Golomt LLC have received licenses to build 35 megavolt power plants in Saintsagaan Soum, Dundgobi Aimag and Esunbulag Soum, Gobi Altai Aimag, respectively, ...
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MONGOL BANK: FX AUCTIONS, SWAP AGREEMENTS, 1-WEEK BILLS, TREASURY BILLS

17/10/2014  |  economy
The Bank of Mongolia on 16 October reported the sale of USD 16 million and CNY 61.2 million in currency auctions for closing rates of MNT 1,851.20 and MNT 302.20, respectively. Also on 16 October, the central bank accepted bid offers for an equivalent of USD 3.5 million from swap agreement bids with commercia ...
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2015 BUDGET PROPOSES MNT 1.2TN DEFICIT

17/10/2014  |  economy
The 2015 budget is set for a MNT 1.2 trillion deficit, said Finance Minister Chultem Ulaan during the prime minister's weekly 30 minute message to press. This year's budget plans for MNT 8.4 trillion in spending while bringing in MNT 7.2 trillion. This year, localities will receive authority over budgetary de ...
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MONGOLIA EXPANDS ITS RESOURCE EXPLORATION OPTIONS

28/07/2014  |  politics
The Mongolian government plans to more than double the size of the territory open to mining and exploration in Mongolia. While that might sound promising for an idle junior mining and exploration sector looking for the next bonanza, it may not be enough to take the chill off doing business in Mongolia. The go ...
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CABINET APPROVES COMMON MINERALS LICENSING REGULATION

28/07/2014  |  politics
The Cabinet Secretariat on 16 July approved a special rule for exploration and exploitation of common minerals concerning auto roads, railways and great construction projects. The government will grant permission to explore and exploit these minerals to anyone able to spend their own funds on the operation th ...
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UNDERSTANDING ASIA'S WOOL INDUSTRY

28/07/2014  |  economy
We hear a lot about the lucrative Asian market, particularly for wool producers. But how many Australian farmers have actually visited the continent to see what it looks like on the ground? David Lindner is a wool producer from South Australia's southern pastoral district, and visited China to tour some of th ...
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NEW MINING FRAMEWORK MAY NOT BE ENOUGH TO REKINDLE FDI

28/07/2014  |  economy
The Mongolian government on 1 July passed a series of amendments to its mining regime as well as other regulations in a desperate effort to bring foreign direct investment back to the country. Damaged by a months-long public spat with Rio Tinto PLC over the massive Oyu Tolgoi copper-gold mine and by continued ...
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