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

RUSSIA AND CHINA WANT TO BUILD WORLD’S LONGEST HIGH-SPEED RAILWAY VIA MONGOLIA

24/10/2014  |  economy
China and Russia are considering building a high-speed rail line thousands of kilometers from Moscow to Beijing and traveling through Mongolia that would cut the journey time from six days on the celebrated Trans-Siberian to two, Chinese media reported Friday. The project would cost more than USD 230 billion ...
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RISING COAL VOLUME BRINGS LESSER RETURNS

24/10/2014  |  economy
Although Mongolia has increased its volume of coal exports 15 percent in the first nine months of the year, falling coal prices have brought in USD 150 million less than the year before. Mongolia's coal miners shipped 8.7 million tons of coal to China during that period, most of which came from companies expl ...
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MONGOL BANK: FX AUCTIONS, SWAP AGREEMENTS, 1-WEEK BILLS

24/10/2014  |  economy
The Bank of Mongolia on 23 October reported the sale of CNY 37 million in currency auctions for closing rates of MNT 302.89, respectively. Also on 23 October, the central bank accepted bid offers for an equivalent of USD 3.5 million and CNY 5.5 million from swap agreement with commercial banks and ask offers ...
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CHINESE EXPLORER STRIKES OIL AT KHANBOGD

24/10/2014  |  mining
The Chinese oil explorer Zon Hen Yu Tian has struck oil at the Galba 11 oil exploration site at Khanbogd Soum, Umnugovi Aimag. Galba 11 is one of 22 licensed projects tendered in 1992. Four foreign companies have exploration operations throughout the region, but their licenses are due to expire next month. Zo ...
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ASPIRE MINING CONFIRMS COAL CONTINUITY ALONG 1.2KM STRIKE AT NUURSTEI

24/10/2014  |  mining
Aspire Mining Ltd. and Noble Group have determined seam continuity over a 1.2-kilometer strike at their Nuurstei coking coal project in northern Mongolia after intersecting coal in 11 additional holes. Shares in the company should trade higher after the company intersected near-surface coal in multiple seam p ...
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XANADU REPORTS AT-SURFACE COPPER AND GOLD MINERALIZATION AT KHARMAGTAI

24/10/2014  |  mining
Xanadu Mines Ltd. on 17 October announced near-continuous, high-grade copper-gold mineralization from surface at the Kharmagtai project. Exploration confirmed at diamond drill hole KHDDH356 both the down dip extension of the southern stockwork zone and the overprinting relationship with the tourmaline breccia ...
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MONGOLIA PROJECTS & INVESTMENT SUMMIT IN HONG KONG

17/10/2014  |  economy
The Mongolia Projects & Investment Summit will be held at the Sheraton Hong Kong Hotel and Towers from 17 to 19 November.Attendees will have the opportunity to learn how Prime Minister Norov Altankhuyag’s recently passed bill to consolidate six ministries for the establishment of the Finance Ministry, G ...
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