(BDSec) - A decision to increase
civil servant salary by 30 percent was approved through the tripartite
negotiation held by Mongolian Government, Mongolian Employers’ Federation, and Confederation
of Mongolian Trade Unions on April 27, 2010.
Ulaanbaatar mayor Munkhbayar.G has imposed a ban on
ordinary coal consumption of some suburban (ger) districts, such as 9, 10, 11,
and 16th Khoroo of Bayangol district, 7, 8, 9, 10, and 11th
Khoroo of Chingeltei district, and 9, 11, and 12th Khoroo of
Sukhbaatar district.
Paying
an official visit to Japan, the Minister of Mineral Resources and Energy of
Mongolia D.Zorigt has met with Mr. Yo.Nakagaki, president of "JGOAL"
organization at Japan's Ministry of Economy, Trade and Industry.
About fifty percent of harvest
preparation is completed.
Mongolian government provided necessary equipments to the wheat producers and
decided to cooperate with “NIC” JSC in order to supply fuel without difficulty for
the wheat production.
(BDSec) - Mongolian oil market is fully dependent from the Russian
Federation and international market fluctuation. Therefore, the Government
approved the Liquefied Petroleum Gas (LPG) Program by the resolution in 2006, and the companies “PETROVIS”
LLC and “ORGIL Oil” LLC started to sell bio-ethanol fuel “eco-92” in
Ulaanbaatar in September 9, 2009.
According to The National Development and Reform Committee expert Misheel.G the working group for building Oil processing plant in Mongolia is currently working on its feasibilities study. The government plans to spend approximately 300 million MNT to complete the feasibilities study that is scheduled to be finished 2010-2011.
Ulaanbaatar, Mongolia, According to the report of the Bank of
Mongolia, money supply (broad money or M2) at the end of June, 2010,
expanded to 3,523.6 bln.tog increasing by 269.5 bln.tog or 8.3 percent
compared with the end of May 2010, and increasing 1,084.4 bln.tog or
44.5 percent agaist the same period of the previous year.
Parliament
approved on Wednesday the Government proposal on Tavantolgoi without almost any
debate after the Standing Committee on the Economy had finished with it.
Until
arrangements are in place for Mongolia to export its coal to other
destinations, China will remain its biggest buyer and there is good news in
that China is set to overtake Japan as the world’s largest importer of thermal
coal as soon as this year,
Ali
bin Ibrahim Al-Naimi, the Saudi Arabian Minister of Petroleum and Mineral
Resources, has said his country is ready to help train Mongolian oil
specialists and create opportunities for Saudi businessmen to invest in Mongolia.
Peabody Energy is pursuing opportunities in Mongolia, Chief Executive
Officer Gregory Boyce has said. Boyce said his company was looking at expanding
into Mongolia, which is rich in untapped mineral and coal resources.
Mongolia's
Prime Minister S.Batbold said Tuesday Chinese Premier Wen Jiabao's visit to
Mongolia early June contributed significantly to bilateral relations and
cooperation, especially in solving definite matters of economic collaboration.
The
governments of China and Mongolia are discussing a potential labour agreement
which, if finalised, will transfer 2500 Chinese to work for the copper-gold
mining project Oyu Tolgoi in Mongolia, the 21st Century Business Herald
reported yesterday.
Prime Minister S.Batbold explained the Government’s
proposals on the Tavantolgoi coal deposits at Parliament on Thursday. The plan is to divide the deposit into two.
Shenhua,
China’s leading coal miner, has been interested in Tavan Tolgoi since 2003. The
company’s president Ling Wen recently said Shenhua had submitted its bid for a
second time, adding that it “has the greatest competitive advantage over other
bidders”.
The
MPRP group in Parliament on Monday gave unanimous approval to the draft
Tavantolgoi investment agreement. Later, the head of the group,
D.Lundeejantsan, and the Minister for Minerals and Energy, D.Zorigt, briefed
media on the basic provisions of the draft agreement.
The European Union has decided to render aid of
EUR 2 million to Mongolia for dealing with the consequences of the zud disaster
that struck the counrty 2009-2010 winter.
Hunnu Coal Ltd. has acquired a 90% interest in the Tsant Uul
Coal Project in the world class South Gobi coking coal province. The Project
covers over 59,000 hectares and is located only 40 km to the south of the Tavan
Tolgoi deposit and 6km from the present coal haulage road to China.
The sides have inked some documents after
the negotiations between Mongolia and the People's Republic of China. Firstly,
the officials of the sides signed a Mongolia-China inter-governmental treaty on
the Mongolia-China boundary regime and an inter-governmental agreement on the
economic and technical cooperation.
(BDSec) - A decision to increase
civil servant salary by 30 percent was approved through the tripartite
negotiation held by Mongolian Government, Mongolian Employers’ Federation, and Confederation
of Mongolian Trade Unions on April 27, 2010.
Financial regulatory commission announced
“Selection competition” to carry over clients of “Erdenest” Broker Dealer
Company.
Ulaanbaatar mayor Munkhbayar.G has imposed a ban on
ordinary coal consumption of some suburban (ger) districts, such as 9, 10, 11,
and 16th Khoroo of Bayangol district, 7, 8, 9, 10, and 11th
Khoroo of Chingeltei district, and 9, 11, and 12th Khoroo of
Sukhbaatar district.
Paying
an official visit to Japan, the Minister of Mineral Resources and Energy of
Mongolia D.Zorigt has met with Mr. Yo.Nakagaki, president of "JGOAL"
organization at Japan's Ministry of Economy, Trade and Industry.
(BDSec) - Mongolian oil market is fully dependent from the Russian
Federation and international market fluctuation. Therefore, the Government
approved the Liquefied Petroleum Gas (LPG) Program by the resolution in 2006, and the companies “PETROVIS”
LLC and “ORGIL Oil” LLC started to sell bio-ethanol fuel “eco-92” in
Ulaanbaatar in September 9, 2009. 
laanbaatar, Mongolia, According to the report of the Bank of
Mongolia, money supply (broad money or M2) at the end of June, 2010,
expanded to 3,523.6 bln.tog increasing by 269.5 bln.tog or 8.3 percent
compared with the end of May 2010, and increasing 1,084.4 bln.tog or
44.5 percent agaist the same period of the previous year.
Parliament
approved on Wednesday the Government proposal on Tavantolgoi without almost any
debate after the Standing Committee on the Economy had finished with it.
Until
arrangements are in place for Mongolia to export its coal to other
destinations, China will remain its biggest buyer and there is good news in
that China is set to overtake Japan as the world’s largest importer of thermal
coal as soon as this year,
Ali
bin Ibrahim Al-Naimi, the Saudi Arabian Minister of Petroleum and Mineral
Resources, has said his country is ready to help train Mongolian oil
specialists and create opportunities for Saudi businessmen to invest in Mongolia.
ody Energy is pursuing opportunities in Mongolia, Chief Executive
Officer Gregory Boyce has said. Boyce said his company was looking at expanding
into Mongolia, which is rich in untapped mineral and coal resources.
Mongolia's
Prime Minister S.Batbold said Tuesday Chinese Premier Wen Jiabao's visit to
Mongolia early June contributed significantly to bilateral relations and
cooperation, especially in solving definite matters of economic collaboration.
The
governments of China and Mongolia are discussing a potential labour agreement
which, if finalised, will transfer 2500 Chinese to work for the copper-gold
mining project Oyu Tolgoi in Mongolia, the 21st Century Business Herald
reported yesterday.
Prime Minister S.Batbold explained the Government’s
proposals on the Tavantolgoi coal deposits at Parliament on Thursday. The plan is to divide the deposit into two.
Shenhua,
China’s leading coal miner, has been interested in Tavan Tolgoi since 2003. The
company’s president Ling Wen recently said Shenhua had submitted its bid for a
second time, adding that it “has the greatest competitive advantage over other
bidders”.
The
MPRP group in Parliament on Monday gave unanimous approval to the draft
Tavantolgoi investment agreement. Later, the head of the group,
D.Lundeejantsan, and the Minister for Minerals and Energy, D.Zorigt, briefed
media on the basic provisions of the draft agreement.
The European Union has decided to render aid of
EUR 2 million to Mongolia for dealing with the consequences of the zud disaster
that struck the counrty 2009-2010 winter.
Hunnu Coal Ltd. has acquired a 90% interest in the Tsant Uul
Coal Project in the world class South Gobi coking coal province. The Project
covers over 59,000 hectares and is located only 40 km to the south of the Tavan
Tolgoi deposit and 6km from the present coal haulage road to China.
The sides have inked some documents after
the negotiations between Mongolia and the People's Republic of China. Firstly,
the officials of the sides signed a Mongolia-China inter-governmental treaty on
the Mongolia-China boundary regime and an inter-governmental agreement on the
economic and technical cooperation.
