Anglo-Australian miner Rio Tinto Limited said it will acquire additional 15 million shares, or 2.7 per cent more in Canada’s Ivanhoe Mines Ltd, increasing its stake to 98.6 million shares or 22.4 per cent.
March 2 (Bloomberg) -- Japan Bank for International Cooperation, the state-run lender that backed a 100 billion yen (USD1.1 billion) Samurai bond issue by the Philippines last month, approached Vietnam and Mongolia to discuss similar sales.
Russia is taking a page out of the Canadian playbook by making it clear that they intend to dominate Sochi in 2014. They’re also taking a page out of the Soviet playbook by issuing ominous warnings to their own people.
Dave Garfinkle will show slides of his recent trip to regions around the Black Sea and the Caucasus, including a visit to Istanbul, Turkey, a road trip in Romania and a cruise around the Crimea and up the Dnieper River.
Hong Kong-listed Kiu Hung Energy Holdings will be buying three mines in a western province of Mongolia from First Dean Holdings on payment of between HKD1 billion and HKD1.4 billion in cash or by issuing bonds or notes.
B. Juramt, a president of the Chinese ”Khukh Suld” Group in association with the Society of Supporting Mongolian-Chinese Investors are intending to send MNT1 billion worth of relief aid to Mongolian herders.
The World Bank has approved a USD10 million scale-up of the Index Based Livestock Insurance Project (IBLIP) in Mongolia. IBLIP was introduced in 2006 and provides herders with insurance to get protection against climate-related losses to livestock.
The developed world’s economic recovery gained momentum in the fourth quarter as the combined gross domestic product of the world’s industrialized economies grew at its strongest pace since the first quarter of 2007.
Mongolia rests on billions of dollars’ worth of copper, gold, uranium and coal reserves, in such vast quantities that the country and its population are predicted a great influx of wealth in the near future.