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.
Australian mining giant Rio Tinto is interested to set up a joint venture with Aluminum Corp of China, the largest alumina producer in the country and also the largest shareholder of Rio Tinto with a 9% stake.
