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Mongolian boxers win seven medals at Indonesian President’s Cup

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By B.ODONTUYA Mongolia’s boxing team won two gold, two silver and three bronze medals at the 22nd President’s Cup last week. The tournament, which attracted over 160 boxers from 19 countries, was held in Palembang in Indonesia from April 19 to 25. The Mongolian team was coached by D.Batsuren and B.Enkhtaivan. Boxers E.Tsendbaatar (men’s 56 [...]

April 26th, 2015 | Posted in Business & Economics | Read More »

Russia wants more cooperation in the energy sector

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By Ch.KHALIUN At a meeting with Energy Minister D.Zorigt held on Friday, Russian Ambassador to Mongolia Iskander Azizov conveyed the willingness of Russian companies to cooperate with Mongolia in the energy sector. Beginning the meeting, the Ambassador introduced Biotek Company, a Russian energy company that has processed a modern system of producing energy. He said [...]

April 26th, 2015 | Posted in Business & Economics | Read More »

Mongolia’s top 100 businesses recognized with honors

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By Ch.KHALIUN The Government of Mongolia, together with the Mongolian National Chamber of Commerce and Industry (MNCCI), organized an awards ceremony for the top 100 businesses in Mongolia, on Wednesday. The ceremony has been held regularly since 2011. This year, Prime Minister Ch.Saikhanbileg, Minister of Finance J.Erdenebat, and Minister of Industry D.Erdenebat attended the event, [...]

April 23rd, 2015 | Posted in Business & Economics | Read More »

Baganuur mine’s capacity to double

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By Ch.KHALIUN The extraction capacity of Baganuur mine is expected to double with the opening of the region’s new 700 MW power plant, a necessity to ensure sustainable operations at the new plant. The mine has not seen technical upgrades since 1983, and its current extraction capacity stands at four million tons of coal per [...]

April 21st, 2015 | Posted in Business & Economics | Read More »

Ulaanbaatar – Investment 2015 focuses on partnership and development of UB

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By Ch.KHALIUN On Wednesday, the Ulaanbaatar – Investment 2015 business forum took place under the slogan “Partnership for Development”, focusing on state and private sector partnership and development of the capital city. The forum was jointly organized by the Ulaanbaatar Chamber of Commerce (UCC) and City Governor’s Office. State and business representatives discussed the city’s [...]

April 16th, 2015 | Posted in Business & Economics | Read More »

SouthGobi Sands awarded best social insurance premium payer

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By Ch.KHALIUN On Monday, the Social Insurance General Office (SIGO) organized an event honoring the state’s best social insurance premium payers, naming SouthGobi Sands LLC as the nation’s best. SIGO traditionally organizes an award ceremony for honoring leading national employers paying social insurance premiums to support employers and encourage social responsibility. Eleven companies that involved [...]

April 14th, 2015 | Posted in Business & Economics | Read More »

Second day of Coal Mongolia 2015 highlights energy sector development

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By Ch.KHALIUN The second day of the Coal Mongolia conference was organized under the title “Energy and Gas Market – Opportunities for Mongolia”. Friday’s forum was chaired by Minister of Energy D.Zorigt, General Director of the Invest Mongolia Agency S.Javkhlanbaatar, Senior Researcher of Fenwei Energy Consulting Lee Ryn Pin, Executive Director of General Electric Ts.Tumentsogt, [...]

April 12th, 2015 | Posted in Business & Economics | Read More »

Erdmin leads the way in manufacturing copper products

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By Ch.KHALIUN Erdmin Company was established in 1997, and since then the company has been processing the ore waste of Erdenet Factory to produce pure copper cathode for the manufacturing of copper wire and other products used by domestic construction companies. Starting in 2012, the company began manufacturing over 50 products including copper foundry, copper [...]

April 9th, 2015 | Posted in Business & Economics | Read More »

TT coal to only use paved road transport

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By Ch.KHALIUN On April 6, Erdenes Mongol, Tavan Tolgoi, Energy Resources, Erdenes Tavan Tolgoi, and Gashuunsukhait Auto Zam LLC signed a memorandum of cooperation on road use fees for coal transport. In accordance with the memorandum, Tavan Tolgoi, Energy Resources, and Erdenes Tavan Tolgoi that mine at the Tavan Tolgoi deposit will now exclusively transport [...]

April 7th, 2015 | Posted in Business & Economics | Read More »

Mongolia Economic Forum 2015 concluded

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By Ch.KHALIUN The second and final day of the Mongolia Economic Forum (MEF), Friday, April 3, started with an opening speech by President of Mongolia Ts.Elbegdorj. Beginning his speech, the President shared his impressions of MEF 2015 as being organized with a wide range of topics and his conclusions on the discussions of the first [...]

April 5th, 2015 | Posted in Business & Economics | Read More »

Recently Commented

  • Robert Ritz: This poll is not “approval ratings” as you state. This implies that only 8.8% of respondents...
  • Richard Bowley: Spent almost 4 years in Mongolia. Currently embarking on a potential 4 – 5 year term in the Middle East, including...
  • Richard Brawn: Thank you for an insightful article. This type of insight is not easily obtainable in the western press. I much better...
  • Ann Altman: The critical questions are “which political party signed off on the ORIGINAL contracts?” “who benefitted...
  • James McCormack: Poor editorial. Does’nt say why fired or by whom. Bet Enkhbold is behind it.