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

Mongolia picks resource nationalist Ganhuyag as mining minister

21/08/2012  |  mining
18 August, 2012 Mongolia has confirmed resource nationalist Davaajav Ganhuyag as the minister of mining, a move that has sparked speculation over whether the new government intends to review existing mining investment deals for its massive mineral resources. Ganhuyag, 49-year old chemical engineer and ruling ...
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Mongolia gets new PM, ends weeks of uncertainty

14/08/2012  |  politics
10 August, 2012 Norov Altanhuyag of the Democratic Party (DP) was confirmed as Mongolia's new prime minister on Friday, ending weeks of political uncertainty after the party failed to win enough seats in a June election to form a government on its own. The transfer of power from the former ruling Mongolian Pe ...
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Roads are the key to development

13/08/2012  |  infrastructure
August 1, 2012A country’s development is based on its roads. There is no single developed country that has bad roads, which can only be found in some developing or poor countries. Hundreds of years ago, the Romans realized the importance of good roads and made or improved every road wherever they settle ...
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400 Megawatt Hydroelectric Power Station to be built

13/08/2012  |  infrastructure
10 August, 2012 A project to build a 400 megawatt hydroelectric power station at the Selenge River has been approved under the mining infrastructure development program of the World Bank. Currently, a working group in charge of the project was formed under the mining infrastructure development program, relate ...
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UPDATE 1-Rio holds on to 51 percent stake in Ivanhoe

03/08/2012  |  mining
July 30, 2012 Rio Tinto Plc said on Monday it paid about $935 million for 133.6 million shares of Ivanhoe Mines Ltd, or 51 percent of the stock the Canadian miner put up in a shareholder rights offering. The purchase allows Anglo-Australian mining giant Rio to maintain its 51 percent ownership stake in Ivanho ...
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ASIA CREDIT CLOSE: Spreads wider on euro zone jitters; volumes thin

24/07/2012  |  economy
23 July, 2012 Asian credit spreads blew out on Monday as prices were marked wider on eurozone-related jitters amid thin volumes. But the technical outlook stayed favourable as funds are expected to remain invested in emerging market credits. The benchmark iTraxx Asia investment grade index was marked as wide ...
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EBRD Agrees $85 Million Loan For Mongolia’s First Wind Farm

20/07/2012  |  economy
19 July, 2012 The European Bank for Reconstruction and Development and the Netherlands Development Finance Company agreed an $85 million loan for Mongolia’s first wind farm. The 50-megawatt Salkhit wind farm will be built southeast of the Mongolian capital Ulaanbaatar and it’s expected to start wo ...
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