Recent news
PM raises hopes, but not for overnight change
The very first speech made by the new Prime Minister, Ch.Saikhanbileg, gave people hope that the Government under his leadership indeed has a well thought out “recipe” to tackle the economic crisis.
The world’s first CCS plant begins to work in Canada, but will it work in Mongolia?
The September issue of this publication contained a very informative article (‘Mega China-Mongolia coal project waits for final feasibility study’ by B.Tugsbilegt) but I am not sure how many readers knew how close we were to the inauguration of the world’s very first commercial-scale plant equipped with carbon capture and storage
Chinese driller strikes oil at Khanbogd
A Chinese company, Zon Hen Yu Tian, has struck oil at the Galba 11 exploration site at Khanbogd Soum, Umnugovi Aimag. Galba 11 is one of 22 projects where four foreign companies received an exploration licence in 1992. Incidentally, these licences are due to expire very soon.
PM raises hopes, but not for overnight change
The very first speech made by the new Prime Minister, Ch.Saikhanbileg, gave people hope that the Government under his leadership indeed has a well thought out “recipe” to tackle the economic crisis.
New Russian-Mongolian JV to mine Asgat
A joint venture between Erdenes Mongol and RosTec, both State-owned companies, will be formed to exploit the Asgat silver deposit, EM Executive Director O.Sainbuyan has revealed.
Tavan Tolgoi gets ready for new suitor, at long last
The bride has grown old since her beauty drew a bunch of the most eligible suitors in the autumn of 2008. The dowry for the world’s second biggest coking coal deposit has been increasing since then. We talk of Tavan Tolgoi.
Ts. Elbegdorj, President.
“When Mongolians are asked with which country they find it most necessary to cooperate, 60% prefer Russia, and 15%-20% choose China.
Landmark agreement on Gatsuurt in the offing
Parliament is discussing whether or not to make the Gatsuurt gold deposit a strategic deposit. The licence holder, Centerra Gold Mongolia, has offered to the Government free ownership of a certain percentage of shares in it.
Nobel for an economist who finds the market imperfect
In their, perhaps natural, enthusiasm for the infallibility of the market, many Mongolian policy makers might have overlooked that for the second consecutive year the Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel has gone to an economist whose work essentially assumes that markets are often inefficient, if not worse
Mongolian coal can bring Russia and S Korea closer
Mongolia isn’t exactly what comes to mind when one thinks of East Asian or Pacific economic opportunities, yet for Russia, Mongolia is the key that it needs to unlock strategic relations with South Korea.
