www.unuudur.com: The latest news of Mongolia in the World

All is not well with Mongolia’s finances.

Battling summer heat and dust, child jockey Purevsurengiin Togtokhsuren rides his stallion across the vast Mongolian steppe.

Here’s a fun wrinkle to the story that Apple is now exploring development of its own electric car.

Deutsche Bank is confident the dispute between Rio Tinto and the Mongolian government over the company’s $US4.9 billion Oyu Tolgoi copper and gold project could be resolved as early as next quarter.

The planned extension of a trans-border railway in Mongolia will make it faster and cheaper to ship coal to China.

The Gold Report: James, the Bank of England (BOE), the European Central Bank (ECB) and the People’s Bank of China have made moves to boost flagging economies. The BOE added £50 million to its quantitative easing program. The ECB reduced its key lending rate to a record low of 0.75%. China cut its key lending [...]

Mongolia’s coal resources have thrust the world’s least densely populated country into the midst of geopolitical diplomacy.

Copper took a beating in the second quarter, falling over 9 percent from the previous quarter as global worries about Europe’s sovereign debt crisis continued to rise. The red metal did, however, bounce back from its 2012 low at the end of June when European leaders agreed to give Eurozone nations easier access to emergency [...]

“Should we crawl into bed with the IRS?”

Concerns about China’s growth prospects, most notably the possibility of interest rate hikes to prevent the economy from overheating, kept copper investors on their toes throughout the first quarter, but in the end the red metal came ahead nearly twelve percent from a year ago. It was the metal’s biggest quarterly gain since the end [...]

Given Mongolia had the world’s fastest growing economy in 2011, it was only going to be a matter of time before the country sought to leverage its position as the latest global financial hotspot in order to raise funds on the international bond markets and underpin its go-to investment status.

Chinggis Khan has been gone for centuries, but his spirit undoubtedly lives on in Mongolia. Empire-building is in the cultural DNA here. Mongolians know that they’re sitting on trillions of dollars worth of valuable resources, and that the economy is undergoing a rapid transformation. You can see it in their eyes… the energy, the buzz. [...]

The Critical Metals Report: Most resource stock investors are focused primarily on the precious metals and copper and, to some extent, the rare earth elements (REEs), which have gained increasing coverage in the past few years. Base and industrial metals such as nickel, manganese and cobalt seem to attract little investor interest. Why is that?

Oleg Deripaska’s EN+ holding has been eliminated from the international bidding for Tavan Tolgoi, Mongolia’s largest mining project. Instead, according to US diplomatic sources, the Mongolian Government has decided to award shares in the project to the Russian Railways consortium, an American coalminer, and a Chinese group.

Marc Faber spoke with CNBC about the state of emerging markets and, notably, frontier markets. He mainly focused on the potential of Mongolia and Ivanhoe Mines, of which he is a director.

Since tanking after those April highs, the market has created some interesting opportunities. Stocks I have highlighted in the past, but have not bought, look much more appetizing now that they are 25% cheaper or so. For example, China’s leading coal stocks are all down 25% or more of late. This includes China Shenhua Energy, [...]