The Ministry for Food, Agriculture and Light Industry and the Mongolian Stock Exchange recently signed a cooperation agreement to be the first step in establishing a livestock commodity exchange.
Red Hill Energy Inc. and Prophecy Resource Corp. have provided an update on recent activities underway to expedite production from Red Hill’s 100% owned Ulaan Ovoo thermal coal project in northern Mongolia.
Origo Partners, an AIM-listed private equity firm focused on China-linked core economic growth opportunities, has opened a new office in Ulaanbaatar and created a new fund, Origo Altai Partners, to invest in the country.
Four employees of mining giant Rio Tinto - Australian national Stern Hu and three Chinese employees- all accused of taking bribes and violating commercial secrets, stood trial in China on Monday.
The Russian delegates of “Ulaanbaatar Railway” Joint Cooperative have arrived in Ulaanbaatar to meet their Mongolian counterparts to attend the general committee meeting and focus on a possible increase of capital.
The U.S. dollar was firmer in Asia on Monday as concerns over Greece weighed on the euro ahead of a euro zone summit, while the aftershock of India’s surprise rate rise pressured currencies leveraged to global growth.
Chinalco, the top aluminium group in the country, will further expand into overseas resources, and its confidence remains undimmed by the failure to raise its stake in Rio Tinto, Chinalco President Xiong Weiping told Reuters.
The Energy Regulatory Authority has given its assent, as a special case, to a proposal by Oyutolgoi LLC to set up a 24-mw diesel power station and distribution network.
