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

Asian Bond Risk Falls to Five-Month Low on ECB; Debt Sales Pause

10/09/2012  |  economy
7 September, 2012 Bond risk in Asia fell to a five- month low after the European Central Bank announced a bond- buying plan to support its most indebted nations. Borrowers from the region paused dollar-denominated debt sales. The cost of protecting corporate and sovereign bonds from default in Asia outside Ja ...
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REFILE-Mongolia lawmakers urge talks to rework Oyu Tolgoi deal

07/09/2012  |  economy
6 September, 2012 An influential group of Mongolian backbench lawmakers has urged Prime Minister Norov Altanhuyag to seek talks to trim mining giant Rio Tinto's stake in the $13-billion Oyu Tolgoi copper-gold project in the country's South Gobi region. Elections in June ushered in a coalition government under ...
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SouthGobi shares plunge as Chalco walks away

07/09/2012  |  mining
4 September, 2012 Shares of SouthGobi Resources Ltd (SGQ.TO) fell more than 17 percent on Tuesday, a day after China's Chalco (2600.HK) said it had dropped its $926 million takeover bid for the Mongolia-focused Canadian coal miner in the face of political opposition. The state-controlled Chinese aluminum gian ...
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Rio Tinto's Oyu Tolgoi project 94% complete

24/08/2012  |  mining
15 Aigist, 2012 MELBOURNE--Rio Tinto PLC's RIO -1.94% massive Oyu Tolgoi copper and gold project in Mongolia is nearing completion and remains on track for commercial production next year, with the cost for the first phase of development expected to come in as expected at US$6.2 billion, the mining company's ...
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TEXT-Fitch Withdraws XacBank's Senior Notes Expected Rating

24/08/2012  |  economy
August 24, 2012Fitch Ratings has withdrawn the expected rating on Mongolia-based XacBank LLC's (XacBank) foreign currency senior unsecured notes and Recovery Rating assigned on 27 March 2012. This is because the issue has been put on hold indefinitely. The senior notes, a draw-down from Xacbank's USD300m medi ...
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T.Gandulam: At the moment Erdenes Tavan Tolgoi LLC is like a baby wrapped in a blanket

22/08/2012  |  economy
20 August, 2012 -How many bond accounts of individuals and enterprises are there at the Mongolian Security Clearing Housing and Central Depository?-After the government’s decision to distribute up to ten percent of Erdenes Tavan Tolgoi LLC stock, the account opening process has been active. More domesti ...
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New Ministers of Government Appointed

22/08/2012  |  economy
20 August, 2012 During the Plenary Session of the Parliament, held on August 17th, the members of the Cabinet of the Parliament and the Ministers were appointed. The Chairman of the Democratic Party (DP) and Prime Minister of Mongolia, N.Altankhuyag, submitted the list of the candidatures to the parliament. T ...
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