ULAN BATOR, Aug 18 (Reuters) - Mongolia cleared up confusion over its auction of a block of its Tavan Tolgoi coal deposit on Thursday, confirming Japanese and South Korean bidders remained, the latter involving companies now revising their proposals.
A forum on the Tavantolgoi coal deposit will be held tomorrow (Thursday, August 18) in Ulaanbaatar. The public is invited to participate. Entitled “How to Use Tavantolgoi in an Efficient Way,” the forum will be held at the Civil Hall at the Presidential Office (Government House, left side, Door 373). For more information, phone (+976) 263 489, e-mail firstname.lastname@example.org, or visit the website www.president.mn/forum.
US Vice President Joe Biden departed Washington August 16 on a three-country swing through East Asia. He will arrive in Ulaanbaatar on August 20 or 21 after four days of meetings in Beijing and Chengdu.
The White House said that "in Ulaanbaatar, the Vice President will underscore our support for Mongolia's two decades of democratic development and our growing economic ties." Biden goes to Tokyo after visiting Mongolia. NAMBC
East Asia Minerals will begin exploring for uranium deposits once again in Mongolia. The company approved a 2011 summer drilling program to advance its existing projects at Enger, Ulaan Nuur, and Ingenii-Nars.
The Supreme Court on Friday granted permission to the newly formed political group to call itself MPRP. The court also said the group will be registered as a political party under that name. MP and General Secretary of the group, Ts.Shinebayar, and its secretary, N.Udval, had requested the Supreme Court for the registration on June 20.
Xanadu Mines Ltd. has announced finalization of terms for a strategic alliance with Noble Group to explore and develop coking coal, iron ore and ferro alloy opportunities in Mongolia. Following execution of formal agreements, Xanadu and Noble will participate in the strategic alliance through a joint venture company with each party holding a 50% interest. The existing assets held by Xanadu will not form part of the present alliance. The initial focus of the joint venture will be the pursuit of a number of opportunities already identified to maximize the benefits of Xanadu’s and Noble’s respective country experiences and strengths.
Ascent: The Rise of Chinggis Khan, book one of the historical novel Heaven's Favorite, has been translated into Mongolian and is now available as a free download by selecting Download/Sample at www.heavensfavorite.com. The author is making it available to the Mongol people at no cost in thanks for their hospitality and aid while performing research in Mongolia. While they should feel free to distribute it to friends and acquaintances, the author ask you to please respect the copyrighted nature of his work.
View to Ulaanbaatar from a tourist camp on the slopes of Bogd Khan Uul
Okay, so we changed our minds, but we did so for good reasons.
Some 15 months ago I posted a blog about the difficult decisions which led to our dropping Bogd Khan Uul Strictly Protected Area-the world's oldest nature reserve-from the forest landscapes project we were preparing in Mongolia. In addition I mentioned that the money that was going to be used for the community forestry parts of the project was going to be shifted to give additional support to a $40 million Development Policy Credit to help Mongolia weather the impacts of the global financial crisis. There was a chance that our forest landscapes project might be resurrected in mid-2011 but that would have been too late for the Global Environment Facility (GEF) funding of the conservation activities planned. So, the forest landscapes project was cancelled.
Is it still worth investing in Ulaanbaatar property?
If so, what types of Mongolian property investment makes the most sense?
As the summer economic growth period is reaching its traditional zenith, property prices are yet again on the slow path upwards. For all intents and purposes, it seems that Mongolia’s recession blues are over to be replaced by a new wave of optimism.