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.
The exploration of 14 blocks in the Toson Uul oil deposit led by PetroChina Dachin Tamsag has revealed a total reserve of 119.02 million tons of crude oil.
The yen was on defensive on Monday, hovering within striking distance of three-week lows against the U.S. dollar, on growing expectations the Bank of Japan could mull loosening monetary policy further this week.
Students from Mongolia have put their Turkish skills to the test in the Mongolian capital of Ulan Bator for a chance to participate in the 8th Turkish Olympiads.
May 2009 - Russian mining company Altan Dornod Mongol sues the Mongolian government for USD1 billion at the Frankfurt Court of International Arbitration, saying the windfall tax violates international law.
