North Koreans face Mongolia exit as UN sanctions bite
North Koreans have toiled and slept at construction sites in Mongolia, they have operated cashmere sewing machines, and their acupuncture skills are highly prized in one of the few democracies employing them.
IFC Supports Insolvency Reform in Mongolia
IFC, a member of the World Bank Group, has signed a Memorandum of Understanding with the Ministry of Justice and Home Affairs (MOJHA) of Mongolia to help reform the country’s bankruptcy framework. It further aims to improve access to finance and ensure financial stability in the country by strengthening the insolvency and debt collections system.
Scientists produce high-grade rare earths from coal
Scientists from the University of Kentucky have produced nearly-pure rare earth concentrates from coal, using an environmentally-conscious and cost-effective process.
Kansas State University professor searches for deadly diseases on Mongolian steppe
Temperatures on the Mongolian steppe dropped well below freezing at night as Kansas State University professor Juergen Richt traveled across the sparsely populated country in an old Toyota Land Cruiser searching for camels.
Partnership and Cooperation Agreement between the European Union and Mongolia enters into force
On 1 November, the Partnership and Cooperation Agreement (PCA) between the European Union and its Member States and Mongolia will enter into force.
Mongolia’s deadly air pollution chokes the ‘Land of Eternal Blue Sky’
At the end of a bright autumn day in the Mongolian capital Ulaanbaatar, it is -12 degrees. As the evening falls, thousands of chimneys in the city begin to release thick and hot smoke, changing the colour of the sky to a dusty pink.
Xanadu Mines drills high-grade copper below current resource in Mongolia
Xanadu Mines Ltd (ASX:XAM) has successfully drilled extensions of high-grade copper along strike and below the current resource at the Stockwork Hill deposit within the Kharmagtai project in Mongolia.
In bizarre twist, coal may become a scarce commodity: Russell
The idea of coal as a scarce commodity seems somewhat preposterous given it remains one of the most abundant mineral resources on the planet, but the coming years may see a deficit in seaborne markets for the polluting fuel.
Mongolia launches $650m bond offering
The Government of Mongolia has launched a $650m bond offering in the latest example of so-called “frontier markets” lowering their borrowing costs by feeding insatiable demand from yield-hungry institutional investors.
Xi’s China a boon for mining
Most analysis of the 19th National Congress of the Communist Party of China has focused on how President Xi Jinping is consolidating his already considerable power acquired through a purge of opponents in a corruption crackdown that shows no sign of slowing down.
Fitch Rates Mongolia’s Proposed USD Bond ‘B-(EXP)’
Fitch Ratings has assigned Mongolia’s forthcoming US dollar-denominated bonds an expected rating of ‘B-(EXP)’.
Copper price: Rio slashes production guidance
On Monday, the copper price surged to $3.25 a pound or $7,165 a tonne, its highest level in more than three-and-half years over optimism about the strength of the economy of top consumer China and worries about global supply.
Russia Should Love Climate-Change Deniers
President Donald Trump and other climate-change deniers probably don’t think of themselves as contributing to Russia’s future prosperity. But judging from a new International Monetary Fund report, that’s what they might be doing.
Chinese companies to build 700 coal plants in and outside China
Coal is dead. Coal mining is a sunset industry. Donald Trump is crazy if he thinks he can revive Big Coal. While all these statements have become part of global consciousness when it comes to the future of the much-maligned fossil fuel, a report by Urgewald, a Berlin-based environmental group, casts doubt on at least [...]
Mongolia’s Domestic Politics Complicate Foreign Policy in a Precarious International Setting
When global and regional orders change and tensions among great powers intensify, small states face precarious circumstances. For states like Mongolia, contentious internal politics make skillful, professional management of foreign policy difficult. Mongolia started losing control of foreign policy mostly due to domestic political rivalries among politicians, factions, and parties. At this moment of great uncertainty, every [...]
The Lost World of Genghis Khan
For weeks, the heat has been building across central Asia. The days smoulder like a wet fuse. Desert mirages send distant mountains airborne, and form phantom lakes amid the Gobi bleakness. There’s something in the air now, some threat that drives the grey cranes south and sets the Buddhist prayer flags riffling. August has turned [...]
Mongolia names biker enthusiast PM, kick-starting IMF rescue package
Mongolia’s parliament confirmed the nomination of motorbike enthusiast Ukhnaa Khurelsukh as prime minister on Wednesday, putting the country back on track to receive funds from a $5.5 billion IMF economic rescue package.
After Anti-China Campaign Rhetoric, Mongolia’s President Congratulates China on National Day
Mongolia’s newly-elected President Khaltmaa Battulga won office in July on the back of a campaign laced with anti-China rhetoric. Nonetheless, on September 28, Battulga sent a congratulatory message to Chinese President Xi Jinping, marking the 68th anniversary of the founding of the People’s Republic of China.
‘We Don’t Exist’: Life Inside Mongolia’s Swelling Slums
ULAN BATOR, Mongolia — The land beneath Dolgor Dashnyam’s home is wet and gritty and smells of decay. Here, atop one of Ulan Bator’s largest landfills, Ms. Dashnyam lives under a roof made of soggy mattresses. She spends her days rummaging through piles of gin bottles and discarded animal bones, picking up pieces of scrap [...]
Nursing and bio-medical equipment SMEE continues between US-Mongolia during second iteration
The second iteration of Regional Health Command-Pacific’s medical logistics and nursing subject matter expert exchange (SMEE) took place at the Military Medical Center of Mongolia, in Ulaanbaatar, Mongolia last week. Nurses and bio-medical equipment technicians (BMET) from RHC-P’s Tripler Army Medical Center (Tripler), the 18th MEDCOM (Deployment Support), as well as the U.S. Air Force [...]
Xanadu Mines confirms three large porphyry targets
Xanadu Mines (ASX:XAM) has confirmed that three of its 19 copper-gold and gold targets are new large-scale porphyry prospects within its flagship Kharmagtai project in Mongolia.
Mongolia’s tiny stock market soars on coal trade renaissance
A boom in the coal trade in Mongolia has helped elevate the country’s benchmark stock index and pump the tiny exchange’s market capitalisation to five-year highs as optimism about the economy grows following a bailout deal.
Miner Kincora secures EBRD help to explore Mongolia
Canadian-listed miner Kincora Copper on Friday said the European Bank for Reconstruction and Development would acquire a 6.16 percent stake in the company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.
Mongolia’s president urges financial, policy support to boost food exports
Mongolia could “multiply” food exports to its southern neighbor China but needs to offer more financial and policy support to enable its producers to compete, the country’s president said in a speech.
IMF delays Mongolia bailout payment after govt ousting
The International Monetary Fund (IMF) will delay disbursing bailout funds to Mongolia after the country’s prime minister and Cabinet were toppled in a parliamentary no-confidence vote last week, the fund said on Thursday.