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

Once upon a time Mongolia was happening. Mining firms from Australia, China, Russia and North America were digging up the vast country for the likes of gold and copper. People had jobs and money to spend. Then in 2014 foreign investment began to fall along with a global decline in commodity prices. China’s step back [...]

As China and Kazakhstan invest heavily in developing their joint free trade zone at Horgos, another cross-border economic zone is getting underway 2,500 kilometers to the east.

As China and Kazakhstan invest heavily in developing their joint free trade zone at Horgos, another cross-border economic zone is getting underway 2,500 kilometers to the east.

China’s slowing economy and declining appetite for energy, metals and other commodities is bad news for several Asian commodity-producing countries, the Asian Development Bank warned Tuesday.

Mongolia? Come on. Who wants to invest in Mongolia? Gary Kucher does. He runs Mongolia Holdings, a private firm mainly focused on infrastructure. This year’s announcement of the China-led Silk Road has investors like Kucher thinking Mongolia is one of Central Asia’s best kept secrets.

For most astute people that keep up on world events, the notion that a country with GDP growth for 2014 of 7.8% starting crisis dialogues with the International Monetary Fund (IMF) must sound bizarre. The IMF typically steps in to help economies in deep crises or failing. Mongolia’s currency is in crisis with a drop [...]

American Justin Kapla and Filipinos Hilarion Cajucom Jr. and Cristobal David have been detained in Mongolia for 818 days now. Americans who wish to draw this case to President Obama’s attention can sign this linked petition for Mr. Kapla and this one by Mr. Cajucom’s family in the U.S. to accomplish that. Supporters of Hilaron [...]

Since August 2011, a swathe of Mongolia’s politicians have committed themselves to a series of public squabbles with international mining companies operating in Mongolia. These politically staged disputes are ultimately diminishing a century of work by Mongolia’s politicians to be independent of China. The politicians behind these schemes seem unable to comprehend the knock-on effects [...]

Global attention for events in Mongolia is unusual. The cases of imprisoned coal mining executives American Justin Kapla and Filipinos Hilarion Cajucom Jr. and Cristobal is providing Mongolia’s President Elbegdorj and Prime Minister Saikhanbileg an opportunity to show their strength of leadership at home and abroad. This opportunity comes at a critical time for Mongolia [...]

A tax dispute that could potentially have delayed the development of Rio Tinto‘s Oyu Tolgoi copper mine in Mongolia, has been resolved. This is good news for the company as the project is an integral part of its plans to ramp up its copper production.

Fluor, a company based in Irving, Texas USA, is still doing business in Mongolia. An earlier report this week by this author noted that Fluor had reportedly removed all foreign personnel from Mongolia rapidly at the first hint that the government of Mongolia may have a tax inquiry for the company. Despite confirmation from a [...]

Fluor, a company based in Irving, Texas USA, has reportedly removed all foreign personnel from Mongolia rapidly at the first hint that the government of Mongolia may have a tax inquiry for the company.

There is a problem with Google Chrome on Microsoft Windows that is potentially very bad news for laptop users. It can drastically affect battery life, and even slow down your computer.

Paul J. Byrne has moved from a global financial center with first world comforts and warm weather temperatures during winter months to an infrastructure needy country with winter temperatures that go down to minus 40. As a longtime shareholder of Mongolia Growth Group – a Mongolia real estate investment and development company based in Canada [...]

On the outskirts of Ulaanbaatar, a nomadic family of herders is sitting outside their ger (the family tent commonly called a “yurt” in the West) watching Bloomberg TV…on a high-definition flat-screen television powered by a mobile solar generator and a satellite dish.

“Mogi” Munkhdul Badral aggregates all the news from around the world about Mongolia every day and puts it out in his Cover Mongolia service via Twitter, the eponymous website and e-mail. He rarely makes comments within his service, but those that he does are insightful and accurate. For some depth on what has transpired in [...]

Mongolia is a country with natural resource wealth that holds sizable per capita GDP possibilities for a national population of roughly 3 million people. Since the discovery of the world class Oyu Tolgoi copper-gold mine in 2001, Mongolia has had a back and forth struggle between populist national interests and welcoming laissez-faire policies dating back [...]

One American and two Philippine former executives of SouthGobi Resources, a coal mining company, remain under exits bans of 14, 18 and 18 months respectively. They are unable to leave Mongolia to see their families for Christmas for the second year in a row.

“Khaan Quest 2013″ came to an end this week in Mongolia. The annual exercises, which were held this year from August 3-14, bring together more than a dozen militaries from around the world with the goal of sharing best practices and interoperability for multinational peacekeeping operations (PKO). “Khaan Quest has become one of the signature [...]

It is bad enough that former Mongolian President Nambaryn Enkhbayar was unfairly convicted and jailed last summer for four years after being charged with misusing property and government power. And that prior to his conviction he was imprisoned so as to prevent him from standing in last June’s parliamentary elections.

He was called the Michael Jordan of sumo wrestling. He enjoyed the fastest rise of anyone in the history of the sport–going from professional debut to champion in just 24 tournaments. Then, at age 22, Dagvadorj Dolgorsrengiin began investing his sumo winnings back home in Mongolia. Now, at 32, he’s one of the fast-growing country’s [...]

Mongolia continues its rapid ascent in the strategic playbook of the United States and the West. The U.S. views Mongolia through an integrated lens balancing its economic interests with strategic concerns. As the world’s fastest growing economy (GDP growth at 17.3 per cent in 2011), Mongolia is an appealing target for foreign investors in sectors [...]

As I wrote earlier this week, there is substantial reason to question the health of Mongolia’s democracy. Former President Enkhbayar’s three-day trial demonstrated to the world the corruption of current President Elbegdorj’s regime. The politically driven assault on Enkhbayar has exposed the lack of independence of the judiciary and collusion at the highest levels of [...]

As of last Friday, the Mongolian Democratic Party (DP) finally took control of parliament as Norov Altanhuyag was confirmed as prime minister. His confirmation ended weeks of political uncertainty after the DP failed to win enough seats in the June parliamentary election to form a government on its own.

When I was invited as a U.S. representative to the Asian Development Bank to speak at the 1991 opening of the Mongolian Stock Exchange, I expected a frontier adventure, as the country had just broken free from Russia to form a fledgling democracy. I got more than I bargained for and, in retrospect, was lucky [...]

It appears that President Elbegdorj has gotten his way and former President Enkhbayar will not be able to stand in the parliamentary elections this coming Thursday.

The international coverage of former president Nambar Enkhbayar’s treatment by the current government and the General Election Committee of Mongolia has clearly rattled President Elbegdorj. He has issued a series of comments defending the government’s actions and reaffirming not only the charges logged against Enkhbayar, but also imploring Mongolia’s democratic allies to recognize the he [...]

The U.S. and other Western democracies have spent the better part of the last decade pushing for democratization across the globe. We have intervened in Iraq, Afghanistan and Libya and supported countless other efforts with aid and ideas to press democratic ideals for the disenfranchised and oppressed.

On one end of the leadership spectrum, there is Machiavelli–conniving, ambitious and ruthless. On the other there is Cyrus the Great–humble, generous and loyal. Along this spectrum of great leaders and motivators, used so often in business books, speeches and anecdotes, there is one unmentionable: Genghis Khan. A man so evil, unwashed and bloodthirsty that [...]

China presently produces more than 95% of all rare earth materials that are vital in the creation of a big variety of electronic technologies including lithium car batteries, solar panels, wind turbines, flat-screen television, compact fluorescent light bulbs, petroleum-to-gasoline catalytic cracking, and military defense components such as missile guidance systems. It also dominates abilities to [...]