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Mongolian railroad set to have both narrow and broad gauge rails


By B.MENDBAYAR The long-ranging dispute over using mixed railway gauges has now been settled, and Mongolia is set to lay narrow gauge rails to its southern border points and broad gauge rails to its northern ports. A draft resolution on “Some Measures to Ensure the Implementation of the State Policy on Railway Transportation” was ratified [...]

October 28th, 2014 | Posted in Business & Economics | Read More »

D.Battogtokh: SME owners would create stable economic growth

By B.MENDBAYAR The Government has paid substantial attention to supporting small and medium-sized enterprises (SMEs) for the past few years, as a key factor in creating a stronger and more diversified economy.  Below is an interview with the Director of Department for Development of Small and Medium-Sized Enterprises in the Ministry of Labor, D.Battogtokh, about [...]

October 26th, 2014 | Posted in Business & Economics | Read More »

Mongolia to increase its beef exports to Russia tenfold


By B.MENDBAYAR Russian officials expect Mongolia to increase its annual beef export to Russia to up to 110,000 tons, a tenfold increase from its current export volume, according to globalmeatnews.com Currently, Mongolia annually exports 10,000 to 11,000 tons of beef to Russia. However, Russian industry participants expect that Mongolia could increase its current beef export [...]

October 23rd, 2014 | Posted in Business & Economics | Read More »

New high-speed railway connecting Beijing and Moscow to pass through Mongolia

new railway

By B.MENDBAYAR China and Russia signed a memorandum of understanding (MoU) early last week on building a 7,000 kilometer high-speed railway from Moscow to Beijing, according to Chinese media. The MoU was signed during Chinese Premier Li Keqiang’s visit to Moscow. The railway would be over 7,000 kilometers long and cost more than 230 billion [...]

October 22nd, 2014 | Posted in Business & Economics | Read More »

Mongolia to become founding member of Asian Infrastructure Investment Bank


By B.MENDBAYR Mongolia is set to become a founding member of the Asian Infrastructure Investment Bank (AIIB) upon signing a memorandum of understanding (MoU) with other Asian countries to establish the bank. The government has selected Ambassador Extraordinary and Plenipotentiary of Mongolia to China Ts.Sukhbaatar to sign the MoU being established between the founding member [...]

October 20th, 2014 | Posted in Business & Economics | Read More »

Business Parliament to be established


By B.MENDBAYAR Mongolian National Chamber of Commerce and Industry has resolved to establish a Business Parliament with goals of improving the business legal environment and protecting entrepreneurs’ rights. The Structure of the Business Parliament is set to resemble that of the State Great Khural, comprising of seven standing committees. However, the National Chamber of Commerce [...]

October 17th, 2014 | Posted in Business & Economics | Read More »

Darkhan Metallurgical Plant to launch its wet processing plant

tumurlugiin uildver

By B.MENDBAYAR Darkhan Metallurgical Plant JSC is working toward the launch of its iron ore wet magnetic processing plant this year. The wet processing plant is being constructed within the framework of a plan to develop Darkhan Metallurgical Plantinto a mining and metallurgical industrial complex. Construction of the wet processing plant is completed. Currently, electricial [...]

October 5th, 2014 | Posted in Business & Economics | Read More »

Mongolia to export coal by new railway next year


By B.MENDBAYAR Prime Minister N.Altankhuyag visited the embankment construction site for the 267 kilometer railway being built between Tavan Tolgoi and Gashuun Sukhait. The Tavan Tolgoi-Gashuun Sukhait Railway is being constructed under the New Railway Project being implemented by the Mongolian Railway state-owned stock company. Funding of 200 million USD from the Chinggis Bond has [...]

October 2nd, 2014 | Posted in Business & Economics | Read More »

Viking Mines to wholly own Berkh Uul Mine and complete acquisition of Auminco Mines


By B.MENDBAYAR Viking Mines Ltd announced on September 26 that it has secured acceptances in respect to 97.93 percent of Auminco Mines Ltd shares at the close of its off-market takeover bid. The company is proceeding to compulsorily acquire the remaining shares in Auminco Mines. Auminco Mines is known to Mongolians primarily for its Berkh [...]

October 2nd, 2014 | Posted in Business & Economics | Read More »

MED partners with JICA to develop state-private sector partnership policy


By B.MENDBAYAR The Ministry of Economic Development organized the “Mongolian State-Private Sector Partnership, Today and Future” conference in association with a team of experts from the Japanese International Cooperation Agency (JICA), on September 16. Principles of state-private partnership and the Law on Concession were introduced at the conference. Over 50 delegates from the Ministry of [...]

September 18th, 2014 | Posted in Business & Economics | Read More »

Recently Commented

  • Gurpreet India: The post is not about Nauru in particular but about resource rich countries and how to use the resources in the country...
  • Gurpreet: The article is not about the character of men in Mongolia. Perhaps it is about the circumstances that men are facing in the...
  • Zaya: This is so mean and poor article, full of pessimistic opinion about men. In my perception, the writer is just trying to blame the...
  • Nauruan: Your post is a totall b***shit, at least the people of Nauru don’t die of Guns Rapist Thieves & Hunger I assume...
  • haber: I couldn’t resist commenting. Very well written!