By B.Khash-Erdene Local newspaper, Undesnii Shuudan reported that some provinces have dropped gasoline prices by around 80 MNT per liter. Earlier last month, the government said retail gasoline prices would be reduced by around 50-60 MNT per liter in May as new fuel suppliers from Belarus, China and South Korea were being contracted. Russia’s Rosneft [...]
By B.Khash-Erdene The Energy Mongolia 2013 exhibition and conference will take place from May 24-26. Key government officials and energy sector authorities will discuss the future prospects of Mongolia’s energy industry. The event is being organized by the Ministry of Energy, in cooperation with the Energy Development Center, and aims to attract domestic and foreign [...]
By B.Khash-Erdene The government announced that the Central Bank of Mongolia has granted a soft loan of 100 billion MNT to construction cement and reinforcement suppliers, as part a government project to decrease housing prices by reducing the cost of key construction materials. Earlier this year, the government and the Central Bank allocated 370 billion [...]
By B.Khash-Erdene During its regular cabinet meeting on Saturday, the government has decided that state ownership of the Darkhan Petroleum refinery will be no less than 51 percent. Construction of the Darkhan Petroleum refinery will be funded by loans from Japanese Banks and financial institutions. The government said it is critical that the legal and [...]
By K.Tugchin Vancouver-based Kincora Copper Limited announced on Friday that 2013 field season activities have commenced at its wholly-owned Bronze Fox project in Mongolia. A staged exploration program is planned, reported to be initially focused on geological mapping and Infra-Red (IR) spectrum analysis across various selected target areas of the project. “Despite the uncertainties that [...]
By B.Khash-Erdene Last week, the annual Mongolia Economic Forum which takes place every March in Ulaanbaatar, was held in Orkhon Province for the first time. The Economic Forum works to analyze and create solutions for current economic issues by giving business owners the opportunity to voice their opinions, and thereby increase their involvement in policy [...]
By B.Khash-Erdene Residents from more than 80 households at the Bayanzurkh district’s 8th khoroo are being relocated to make room for the construction of the Amgalan Heating Station (US-15). The Minister of Energy, M.Sonompil, and the Mayor of Ulaanbaatar, U.Bat-Uul, visited the construction site yesterday. “The Capital City Authority will assist with all issues related [...]
By B.Khash-Erdene Mongolian Mining Minister, D. Gankhuyag, said he will visit Australia this month to meet the Australian Resources and Energy Minister, Gary Gray, according to a report from Business- Mongolia. The visit will take place amid the reported dispute between Anglo-Australian Rio Tinto, the world’s second largest miner and the Mongolian government, regarding Oyu [...]
By B.Khash-Erdene The Irish Times reported on Tuesday, that last week, Irish Trade and Development Minister, Joe Costello, became the first Irish Minister to visit Mongolia when he attended the 7th Ministerial Conference of the Community of Democracies in Ulaanbaatar, as part of an Asian tour that also included China and Abu Dhabi. He attended the Community [...]
The GrUBe Welcome to The GrUBe! This column is dedicated to readers’ gripes about aspects of life in Mongolia, particularly in UB, hence the name “GrUBe.” Readers are invited to submit their grUBes or ideas to this email address: weekly.grube@gmail.com. Submissions should be less than 900 words. The editorial staff at the UB Post reserve [...]
