This document provides a summary of business and economic news from Mongolia. It discusses Russians looking to invest in the Tavan Tolgoi coal deposit, the introduction of e-ticketing by Eznis Airways, and South Korean interest in investing in Mongolia's mining, infrastructure and energy sectors. It also covers the suspension of 66 companies by the Financial Regulatory Committee, plans to build a new international airport outside Ulaanbaatar with Japanese funding, and the implementation of a national registration system to modernize Mongolia's economy and management of citizens.
This document is a newsletter from the Business Council of Mongolia covering various business and economic news items from Mongolia and abroad. It includes the following key points:
- Khan Resources rebuts allegations against it regarding its uranium mining license, explaining its history of operating legally in Mongolia.
- The head of Chinalco, China's state-owned aluminum company, says participating in Mongolia's Oyu Tolgoi copper mine could boost the project and that the company remains committed to overseas resource development despite its failed bid for Rio Tinto.
- Rio Tinto's CEO received $9 million in compensation for 2009, much of it from stock options, while Mongolia's central bank said it sees
The document summarizes business and economic news from Mongolia reported in Issue 109 of the Business Council of Mongolia NewsWire dated March 12, 2010. Some of the key stories covered include Goldman Sachs potentially filing an international arbitration case regarding the Olon Ovoot mines, Mongolia Energy planning to start coal deliveries to China in August, and Rio Tinto's CEO being invited to a conference in China that could help rebuild the company's relationship there.
The document provides highlights from a newsletter on business and economic news in Mongolia. It discusses several topics:
- Mongolia's parliament is forwarding proposals on revising the draft investment agreement for the Oyu Tolgoi mining project to the government, including cutting the initial agreement period from 30 to 15 years.
- Members of parliament say the $125 million advance payment to Mongolia from the agreement is essentially a "high-interest loan".
- Only 0.3% of the land covered by Mongolia's over 5,200 mining licenses is actually being used for mining.
- A mining industry group wants the government to ensure stability in policies to support growth of the private sector in mining.
Khan Resources, a Canadian mining company, has filed a CAD300 million lawsuit against Russian state-owned uranium company ARMZ and its subsidiary for damages resulting from interfering with Khan's economic interests and rights in Mongolia. Specifically, Khan alleges that ARMZ sought to establish its own joint venture over the Dornod uranium region in Mongolia without regard for Khan's existing rights, impugned the legitimacy of Khan's interests, and interfered with a competing acquisition offer, all with the goal of eliminating Khan's Mongolian assets. Khan states it was forced to file the lawsuit in order to protect its rights and seek compensation for the substantial damages caused by ARMZ.
The document summarizes news from the Business Council of Mongolia newsletter. It highlights several key stories:
1) Ivanhoe Mines and Rio Tinto agreed to change provisions in their agreement for Rio to invest in Ivanhoe's Oyu Tolgoi project to allow Ivanhoe to potentially sell a minority stake and delay Rio's investment deadline.
2) Mongolia's Minister of Mineral Resources said last-minute issues are being resolved so the Oyu Tolgoi investment agreement can be signed by September 30th.
3) An updated mining report termed the Oyu Tolgoi agreement a "landmark" that will boost foreign investment in Mongolia's mining industry.
4) However, former
The document provides a summary of business and economic news from Mongolia. Key points include:
- Erdene Resource Development has commenced its third and fourth quarter drilling campaign at gold projects in Mongolia.
- Aspire Mining has received interest from China Development Bank to fund construction of a railway in Mongolia.
- Baganuur coal mine in Mongolia is seeking $160 million to help finance an $870 million expansion project.
- Mongolia's currency and railway ticket prices have increased following operational losses and currency depreciation.
The document is a newsletter from the Business Council of Mongolia covering various news highlights from August 14, 2009. Some of the key topics summarized are:
- The National Security Council of Mongolia approved new terms for the Oyu Tolgoi investment agreement, increasing Mongolia's ownership stake to 34% and reducing investor's upfront payment interest. The agreement now needs parliamentary approval.
- The Finance Minister stated the windfall profits tax has outlived its purpose and will be abolished starting in 2011 to help develop Mongolia's mining industry.
- In response to a letter sent by Rio Tinto and Ivanhoe Mines to MPs, the Parliament Office asked the companies to apologize, saying they should only discuss
This document provides a summary of news highlights from the Business Council of Mongolia newsletter. It discusses several mining projects and investments in Mongolia, including the ongoing negotiations over the Oyu Tolgoi agreement. MPs are working to finalize an agreement but want to ensure it benefits Mongolia. Other stories discuss royalty rates, progress on mining projects like Boroo Gold, and new acquisitions of coal properties in Mongolia. Overall, the document outlines recent Mongolian business and economic news with a focus on the mining industry.
This document is a newsletter from the Business Council of Mongolia covering various business and economic news items from Mongolia and abroad. It includes the following key points:
- Khan Resources rebuts allegations against it regarding its uranium mining license, explaining its history of operating legally in Mongolia.
- The head of Chinalco, China's state-owned aluminum company, says participating in Mongolia's Oyu Tolgoi copper mine could boost the project and that the company remains committed to overseas resource development despite its failed bid for Rio Tinto.
- Rio Tinto's CEO received $9 million in compensation for 2009, much of it from stock options, while Mongolia's central bank said it sees
The document summarizes business and economic news from Mongolia reported in Issue 109 of the Business Council of Mongolia NewsWire dated March 12, 2010. Some of the key stories covered include Goldman Sachs potentially filing an international arbitration case regarding the Olon Ovoot mines, Mongolia Energy planning to start coal deliveries to China in August, and Rio Tinto's CEO being invited to a conference in China that could help rebuild the company's relationship there.
The document provides highlights from a newsletter on business and economic news in Mongolia. It discusses several topics:
- Mongolia's parliament is forwarding proposals on revising the draft investment agreement for the Oyu Tolgoi mining project to the government, including cutting the initial agreement period from 30 to 15 years.
- Members of parliament say the $125 million advance payment to Mongolia from the agreement is essentially a "high-interest loan".
- Only 0.3% of the land covered by Mongolia's over 5,200 mining licenses is actually being used for mining.
- A mining industry group wants the government to ensure stability in policies to support growth of the private sector in mining.
Khan Resources, a Canadian mining company, has filed a CAD300 million lawsuit against Russian state-owned uranium company ARMZ and its subsidiary for damages resulting from interfering with Khan's economic interests and rights in Mongolia. Specifically, Khan alleges that ARMZ sought to establish its own joint venture over the Dornod uranium region in Mongolia without regard for Khan's existing rights, impugned the legitimacy of Khan's interests, and interfered with a competing acquisition offer, all with the goal of eliminating Khan's Mongolian assets. Khan states it was forced to file the lawsuit in order to protect its rights and seek compensation for the substantial damages caused by ARMZ.
The document summarizes news from the Business Council of Mongolia newsletter. It highlights several key stories:
1) Ivanhoe Mines and Rio Tinto agreed to change provisions in their agreement for Rio to invest in Ivanhoe's Oyu Tolgoi project to allow Ivanhoe to potentially sell a minority stake and delay Rio's investment deadline.
2) Mongolia's Minister of Mineral Resources said last-minute issues are being resolved so the Oyu Tolgoi investment agreement can be signed by September 30th.
3) An updated mining report termed the Oyu Tolgoi agreement a "landmark" that will boost foreign investment in Mongolia's mining industry.
4) However, former
The document provides a summary of business and economic news from Mongolia. Key points include:
- Erdene Resource Development has commenced its third and fourth quarter drilling campaign at gold projects in Mongolia.
- Aspire Mining has received interest from China Development Bank to fund construction of a railway in Mongolia.
- Baganuur coal mine in Mongolia is seeking $160 million to help finance an $870 million expansion project.
- Mongolia's currency and railway ticket prices have increased following operational losses and currency depreciation.
The document is a newsletter from the Business Council of Mongolia covering various news highlights from August 14, 2009. Some of the key topics summarized are:
- The National Security Council of Mongolia approved new terms for the Oyu Tolgoi investment agreement, increasing Mongolia's ownership stake to 34% and reducing investor's upfront payment interest. The agreement now needs parliamentary approval.
- The Finance Minister stated the windfall profits tax has outlived its purpose and will be abolished starting in 2011 to help develop Mongolia's mining industry.
- In response to a letter sent by Rio Tinto and Ivanhoe Mines to MPs, the Parliament Office asked the companies to apologize, saying they should only discuss
This document provides a summary of news highlights from the Business Council of Mongolia newsletter. It discusses several mining projects and investments in Mongolia, including the ongoing negotiations over the Oyu Tolgoi agreement. MPs are working to finalize an agreement but want to ensure it benefits Mongolia. Other stories discuss royalty rates, progress on mining projects like Boroo Gold, and new acquisitions of coal properties in Mongolia. Overall, the document outlines recent Mongolian business and economic news with a focus on the mining industry.
BSS_Software Engineer_Accenture_5years-QASumit Shah
Sumit Shah is a Software Engineering Analyst with over 4 years of experience in manual testing and automation. He has expertise in requirements analysis, test planning, execution and defect logging. He has worked on projects in the telecom domain for clients in Europe, Canada and the Netherlands. On these projects, he developed automation frameworks using Selenium and Worksoft Certify, designed and executed tests, and provided knowledge transfer and support to others. He is looking for new opportunities to further utilize and enhance his technical skills.
This document summarizes the opportunities and challenges for Mongolian coking coal in the Chinese market. It finds that while the market for washed hard coking coal remains strong in China, Mongolian coal exports and prices have declined in recent months due to inconsistent quality, irregular supply, and high transportation costs. It recommends that Mongolia focus on improving rail infrastructure to reduce handling costs, ensure consistent high-quality washed coal production, and establish a fair royalty regime in order to enhance the competitiveness of its coking coal industry long-term. Anglo American presents itself as a potential partner to help Mongolia achieve these goals.
Summarizes recent research that has linked hearing loss to more serious conditions such as dementia, Alzheimer's Disease, memory impairment, and general cognitive decline.
This document provides a summary of recent business, economic, and political news in Mongolia. It discusses several major business deals and investments, including the discovery of coal deposits, an electronics manufacturer purchasing mining rights, and a city connecting via an e-network project. Economically, it outlines Mongolia's plans to issue international bonds in 2008 and a new residential mortgage-backed security. Politically, it mentions the government checking a bank insurance scheme, an anti-corruption authority gathering momentum, and an investigation into a bank for overstepping services.
The document provides an economic outlook and projections for Mongolia in 2016-2017. It discusses factors such as fiscal policy, external environment, monetary policy, banking sector, commodity prices, current account balance, and foreign direct investment. Equations are presented for predicting exports, imports, the current account balance, and foreign direct investment under pessimistic, realistic, and optimistic scenarios. Projections show FDI ranging from -190.7 million USD in a pessimistic case to 850.5 million USD under an optimistic outlook by the end of 2016.
This document outlines Verifone's strategy to build and connect next-generation payment devices with expanded services. It discusses key market forces like the shift from cash to electronic payments and growing consumer expectations for omni-channel experiences. Verifone will leverage its assets like global scale and experience to launch devices and connect clients to its services platform, enabling the future of payments and commerce. This strategy aims to increase Verifone's revenue per device and generate total revenue growth of 5-6% annually through 2017-2020.
Mahashivaratri is celebrated with rituals that involve bathing, applying vermilion paste to, and offering fruits, incense, ghee lamps, and betel leaves to the Shiva Linga according to the Shiva Purana. The worship must incorporate six specific ritual items: bathing the Shiva Linga with water, milk, honey and woodapple leaves; applying vermilion paste; offering at least five fruits; burning incense; lighting a ghee lamp; and offering betel leaves.
Tom Sawyer is a boy who lives with his Aunt Polly in St. Petersburg near the Mississippi River. He enjoys making up stories of ghosts, heroes, and villains to act out with his friends. Tom's favorite story is where he is a pirate searching for treasure that was hidden by the villain Joe. Tom has adventures with his friends Huck, Harpo, and his girlfriend Becky. It is unclear whether the stories Tom tells are real or just from his imagination. The document provides background on the main characters from the book Tom Sawyer and vocabulary words related to the story. It also includes discussion questions about plot points and characters from the book.
This document summarizes a presentation on optimizing System Center Operations Manager (SCOM) and presenting services. The presentation covers defining services and service level objectives, identifying performance bottlenecks at the database, management server, and agent layers, and using the SCOM SDK for automation including automatically changing alert resolution states and resending alerts. Code examples are provided for monitoring database performance, identifying SQL and I/O wait times, and automating tasks using PowerShell and the SCOM SDK.
Dokumen ini berisi program semester mata pelajaran Fiqih untuk kelas III semester 1 dan 2. Terdapat 5 standar kompetensi yang akan dicapai selama semester yaitu mengenal shalat sunnah rawatib, shalat Jumat, tata cara shalat bagi orang sakit, puasa Ramadhan, dan amalan-amalan di bulan Ramadhan. Program ini memuat alokasi waktu pelaksanaan materi dan jadwal ulangan harian serta UAS.
The document discusses foods to avoid for insomnia, including fast foods, high-fat foods, heavy meals eaten less than 4 hours before bed, fluids before bedtime, high-protein foods, spicy foods, and caffeine after 5pm as they can disrupt sleep through digestion and stimulation. The document recommends exchanging these "bad" insomnia foods for "good" foods like fruits and nuts mentioned in other articles, and notes that improving sleep may also require investing in a more comfortable mattress.
The document provides a summary of business, economic, and political news from Mongolia in its issue dated March 14, 2008. It discusses several topics:
- The Mongolian government approved Centerra Gold's feasibility study for the Gatsuurt gold deposit project.
- A proposed railway project aims to increase coal exports for Sharyn Gol Energy by switching from road to lower-cost rail transport.
- Drilling results showed that gold and copper deposits at Erdene Gold's Zuun Mod site extend farther than previously estimated.
- Civil protestors submitted a petition to stop exploration by Canadian company Shaman Resources, claiming it obtained permits illegally.
- An IMF mission visiting Mongolia identified
The document provides an overview of recent business, economic, and political news in Mongolia. It discusses ongoing debates around ownership of the Asgat silver deposit, a French uranium company establishing operations in Mongolia, positive economic indicators including trade with China and internet expansion, upcoming increases to rail freight capacity, new regulations around liquor licensing and the minerals law, and an upcoming event featuring an anti-corruption expert from Hong Kong. Currency exchange rates and inflation figures for Mongolia are also included.
The document summarizes recent news from Mongolia across business, economic, and political topics. It discusses uncertainty around amendments to Mongolia's Minerals Law, with the Democratic Party blocking approval and establishing its own working group. It also mentions the government taking control of licenses for the Tavan Tolgoi and Oyu Tolgoi deposits. On the economic front, it discusses Mongolia opening a tourism office in New York and connecting its tax system with fiber optic cables. In politics, it notes reports of a possible pro-Russian bias in the government's mining actions and delays in finalizing deals.
The document provides a summary of business and economic news from Mongolia. It discusses uncertainties in the mining industry due to delays in project approvals. It also mentions that Rio Tinto sees their Oyu Tolgoi copper mine in Mongolia as important to the company's future. Additionally, it notes that a new cellphone operator was selected and will begin service in 2008, and that a second railway connecting northern and southern Mongolia will be built.
The document summarizes recent news from Mongolia covering business, economic, and political topics. It reports that a public survey showed strong support for approving the Oyu Tolgoi mining project investment agreement. It also discusses a South Korean company building an internet data center in Mongolia, a Russian bank opening an office in the capital, and updates on Mongolia's aviation and mining industries. On the economic front, it notes changes to social insurance taxes and Russian interest in investing in Mongolia. In politics, it outlines the finalization of the new Prime Minister's cabinet and support for changing Mongolia's election process to a proportional representation system.
Hunnu Coal acquired Rio Tinto's 70% stake in the Altai Nuurs coal joint venture project in Mongolia for $40 million Australian dollars. The project has an exploration target of 250-500 million tons across six exploration and four mining licenses. Mongolian Mining started trial operations of its first coal washing plant near its UHG mine, on schedule. Garrison International announced that in January its subsidiary's company stamp was stolen and used in March to improperly transfer ownership of the subsidiary's shares, halting the company's operations until the matter is resolved.
The document provides a summary of business and economic news from Mongolia in its Business Council of Mongolia NewsWire issue dated August 28, 2009. Key points include:
- Mongolia's parliament approved changes to laws facilitating an agreement for the Oyu Tolgoi mining project, paving the way for a formal signing within two weeks.
- Russia and Mongolia signed an agreement to establish a joint venture to develop the Dornod uranium deposit, though the Canadian company that owns the deposit license has concerns about Mongolia's new nuclear energy law.
- The Business Council of Mongolia held its monthly meeting, welcoming new members and discussing developments in the mining sector and opportunities for trade with Germany.
The document is a newsletter from the Business Council of Mongolia covering business and economic news from Mongolia in April 2013. Some of the key stories covered include:
- The Oyu Tolgoi copper and gold mine receiving continued funding through April as discussions continue around its budget.
- Mongolian politicians expressing openness to resolving disputes with Chalco over a coal agreement rather than canceling the contract.
- Plans by the Mongolian government to establish a joint venture to build a 450-megawatt power plant at the Tavan Tolgoi coal deposit.
- Both Mongolia and Rio Tinto seeing reasons to settle their dispute over cost overruns at the Oyu Tolgoi
The document summarizes business, economic, and political news from Mongolia. It reports that Erdenes-TT, a state-owned mining company, has been valued at USD 10.6 billion. It also discusses Mongolia Airlines expanding international routes, Eznis Airways acquiring a new plane, and a pre-feasibility study finding an internal rate of return of 43% for a coking coal project. Additionally, it mentions the EU providing funding for technical training in Mongolia and research finding e-filing could save taxpayers MNT 12 billion.
BSS_Software Engineer_Accenture_5years-QASumit Shah
Sumit Shah is a Software Engineering Analyst with over 4 years of experience in manual testing and automation. He has expertise in requirements analysis, test planning, execution and defect logging. He has worked on projects in the telecom domain for clients in Europe, Canada and the Netherlands. On these projects, he developed automation frameworks using Selenium and Worksoft Certify, designed and executed tests, and provided knowledge transfer and support to others. He is looking for new opportunities to further utilize and enhance his technical skills.
This document summarizes the opportunities and challenges for Mongolian coking coal in the Chinese market. It finds that while the market for washed hard coking coal remains strong in China, Mongolian coal exports and prices have declined in recent months due to inconsistent quality, irregular supply, and high transportation costs. It recommends that Mongolia focus on improving rail infrastructure to reduce handling costs, ensure consistent high-quality washed coal production, and establish a fair royalty regime in order to enhance the competitiveness of its coking coal industry long-term. Anglo American presents itself as a potential partner to help Mongolia achieve these goals.
Summarizes recent research that has linked hearing loss to more serious conditions such as dementia, Alzheimer's Disease, memory impairment, and general cognitive decline.
This document provides a summary of recent business, economic, and political news in Mongolia. It discusses several major business deals and investments, including the discovery of coal deposits, an electronics manufacturer purchasing mining rights, and a city connecting via an e-network project. Economically, it outlines Mongolia's plans to issue international bonds in 2008 and a new residential mortgage-backed security. Politically, it mentions the government checking a bank insurance scheme, an anti-corruption authority gathering momentum, and an investigation into a bank for overstepping services.
The document provides an economic outlook and projections for Mongolia in 2016-2017. It discusses factors such as fiscal policy, external environment, monetary policy, banking sector, commodity prices, current account balance, and foreign direct investment. Equations are presented for predicting exports, imports, the current account balance, and foreign direct investment under pessimistic, realistic, and optimistic scenarios. Projections show FDI ranging from -190.7 million USD in a pessimistic case to 850.5 million USD under an optimistic outlook by the end of 2016.
This document outlines Verifone's strategy to build and connect next-generation payment devices with expanded services. It discusses key market forces like the shift from cash to electronic payments and growing consumer expectations for omni-channel experiences. Verifone will leverage its assets like global scale and experience to launch devices and connect clients to its services platform, enabling the future of payments and commerce. This strategy aims to increase Verifone's revenue per device and generate total revenue growth of 5-6% annually through 2017-2020.
Mahashivaratri is celebrated with rituals that involve bathing, applying vermilion paste to, and offering fruits, incense, ghee lamps, and betel leaves to the Shiva Linga according to the Shiva Purana. The worship must incorporate six specific ritual items: bathing the Shiva Linga with water, milk, honey and woodapple leaves; applying vermilion paste; offering at least five fruits; burning incense; lighting a ghee lamp; and offering betel leaves.
Tom Sawyer is a boy who lives with his Aunt Polly in St. Petersburg near the Mississippi River. He enjoys making up stories of ghosts, heroes, and villains to act out with his friends. Tom's favorite story is where he is a pirate searching for treasure that was hidden by the villain Joe. Tom has adventures with his friends Huck, Harpo, and his girlfriend Becky. It is unclear whether the stories Tom tells are real or just from his imagination. The document provides background on the main characters from the book Tom Sawyer and vocabulary words related to the story. It also includes discussion questions about plot points and characters from the book.
This document summarizes a presentation on optimizing System Center Operations Manager (SCOM) and presenting services. The presentation covers defining services and service level objectives, identifying performance bottlenecks at the database, management server, and agent layers, and using the SCOM SDK for automation including automatically changing alert resolution states and resending alerts. Code examples are provided for monitoring database performance, identifying SQL and I/O wait times, and automating tasks using PowerShell and the SCOM SDK.
Dokumen ini berisi program semester mata pelajaran Fiqih untuk kelas III semester 1 dan 2. Terdapat 5 standar kompetensi yang akan dicapai selama semester yaitu mengenal shalat sunnah rawatib, shalat Jumat, tata cara shalat bagi orang sakit, puasa Ramadhan, dan amalan-amalan di bulan Ramadhan. Program ini memuat alokasi waktu pelaksanaan materi dan jadwal ulangan harian serta UAS.
The document discusses foods to avoid for insomnia, including fast foods, high-fat foods, heavy meals eaten less than 4 hours before bed, fluids before bedtime, high-protein foods, spicy foods, and caffeine after 5pm as they can disrupt sleep through digestion and stimulation. The document recommends exchanging these "bad" insomnia foods for "good" foods like fruits and nuts mentioned in other articles, and notes that improving sleep may also require investing in a more comfortable mattress.
The document provides a summary of business, economic, and political news from Mongolia in its issue dated March 14, 2008. It discusses several topics:
- The Mongolian government approved Centerra Gold's feasibility study for the Gatsuurt gold deposit project.
- A proposed railway project aims to increase coal exports for Sharyn Gol Energy by switching from road to lower-cost rail transport.
- Drilling results showed that gold and copper deposits at Erdene Gold's Zuun Mod site extend farther than previously estimated.
- Civil protestors submitted a petition to stop exploration by Canadian company Shaman Resources, claiming it obtained permits illegally.
- An IMF mission visiting Mongolia identified
The document provides an overview of recent business, economic, and political news in Mongolia. It discusses ongoing debates around ownership of the Asgat silver deposit, a French uranium company establishing operations in Mongolia, positive economic indicators including trade with China and internet expansion, upcoming increases to rail freight capacity, new regulations around liquor licensing and the minerals law, and an upcoming event featuring an anti-corruption expert from Hong Kong. Currency exchange rates and inflation figures for Mongolia are also included.
The document summarizes recent news from Mongolia across business, economic, and political topics. It discusses uncertainty around amendments to Mongolia's Minerals Law, with the Democratic Party blocking approval and establishing its own working group. It also mentions the government taking control of licenses for the Tavan Tolgoi and Oyu Tolgoi deposits. On the economic front, it discusses Mongolia opening a tourism office in New York and connecting its tax system with fiber optic cables. In politics, it notes reports of a possible pro-Russian bias in the government's mining actions and delays in finalizing deals.
The document provides a summary of business and economic news from Mongolia. It discusses uncertainties in the mining industry due to delays in project approvals. It also mentions that Rio Tinto sees their Oyu Tolgoi copper mine in Mongolia as important to the company's future. Additionally, it notes that a new cellphone operator was selected and will begin service in 2008, and that a second railway connecting northern and southern Mongolia will be built.
The document summarizes recent news from Mongolia covering business, economic, and political topics. It reports that a public survey showed strong support for approving the Oyu Tolgoi mining project investment agreement. It also discusses a South Korean company building an internet data center in Mongolia, a Russian bank opening an office in the capital, and updates on Mongolia's aviation and mining industries. On the economic front, it notes changes to social insurance taxes and Russian interest in investing in Mongolia. In politics, it outlines the finalization of the new Prime Minister's cabinet and support for changing Mongolia's election process to a proportional representation system.
Hunnu Coal acquired Rio Tinto's 70% stake in the Altai Nuurs coal joint venture project in Mongolia for $40 million Australian dollars. The project has an exploration target of 250-500 million tons across six exploration and four mining licenses. Mongolian Mining started trial operations of its first coal washing plant near its UHG mine, on schedule. Garrison International announced that in January its subsidiary's company stamp was stolen and used in March to improperly transfer ownership of the subsidiary's shares, halting the company's operations until the matter is resolved.
The document provides a summary of business and economic news from Mongolia in its Business Council of Mongolia NewsWire issue dated August 28, 2009. Key points include:
- Mongolia's parliament approved changes to laws facilitating an agreement for the Oyu Tolgoi mining project, paving the way for a formal signing within two weeks.
- Russia and Mongolia signed an agreement to establish a joint venture to develop the Dornod uranium deposit, though the Canadian company that owns the deposit license has concerns about Mongolia's new nuclear energy law.
- The Business Council of Mongolia held its monthly meeting, welcoming new members and discussing developments in the mining sector and opportunities for trade with Germany.
The document is a newsletter from the Business Council of Mongolia covering business and economic news from Mongolia in April 2013. Some of the key stories covered include:
- The Oyu Tolgoi copper and gold mine receiving continued funding through April as discussions continue around its budget.
- Mongolian politicians expressing openness to resolving disputes with Chalco over a coal agreement rather than canceling the contract.
- Plans by the Mongolian government to establish a joint venture to build a 450-megawatt power plant at the Tavan Tolgoi coal deposit.
- Both Mongolia and Rio Tinto seeing reasons to settle their dispute over cost overruns at the Oyu Tolgoi
The document summarizes business, economic, and political news from Mongolia. It reports that Erdenes-TT, a state-owned mining company, has been valued at USD 10.6 billion. It also discusses Mongolia Airlines expanding international routes, Eznis Airways acquiring a new plane, and a pre-feasibility study finding an internal rate of return of 43% for a coking coal project. Additionally, it mentions the EU providing funding for technical training in Mongolia and research finding e-filing could save taxpayers MNT 12 billion.
- Centerra Gold and Tsesten Mining have requested that the Gatsuurt gold deposit and Tsaidam coal deposit be added to Mongolia's list of strategically important deposits. The Gatsuurt deposit contains an estimated 50-60 tons of gold worth $300 million.
- Mongolia signed a contract with British company RMS to supply rail fasteners for expanding Mongolia's Chinese-gauge railway system.
- Hunnu Air plans to purchase an Airbus A330-200 aircraft to begin direct flights to Paris and the United States, as it seeks to better compete with MIAT Mongolian Airlines.
The document is a newsletter from the Business Council of Mongolia covering business and economic news from Mongolia. Some of the key points covered in the newsletter include:
- Negotiations between Rio Tinto and the Mongolian government over the Oyu Tolgoi mine are expected to be resolved by September.
- A new free-trade zone began registering companies in Selenge Province.
- Several companies announced expansion projects, new investments, and equipment orders.
- Mongolia's state-owned bank and airline both announced plans to add new planes to their fleets.
- Mongolia's parliament approved an economic stimulus plan and debated infrastructure investment.
- First quarter profits dropped for Canadian miner Center
The document is a newsletter from the Business Council of Mongolia covering business, economic, and political news highlights from Mongolia in Issue 292 on September 20, 2013. Some of the key stories covered include the Mining Minister announcing the completion of an audit of costs at the Oyu Tolgoi mine, the Supreme Court ruling against Oyu Tolgoi in a wrongful termination case, and Mongolia agreeing to take a domestic stake in a uranium venture led by Areva to help revive foreign investment in the country.
The document summarizes recent business and economic news from Mongolia. It reports that the Boroo gold mine has reached a six-year tax stability agreement. A budget airline plans to offer flights between Ulaanbaatar and other Asian cities. SouthGobi Energy plans to begin coal shipments from its Ovoot Tolgoi mine by early 2008. It also mentions a new coal deposit found, rising fuel prices, regional cooperation on energy and transport projects, and a new Prime Minister in Mongolia who may bring political changes.
This document summarizes news from the October 16, 2009 issue of the Business Council of Mongolia NewsWire. It includes the following highlights:
1) The head of Mongolia's Nuclear Energy Agency attempted to calm concerns from uranium companies about a new law regarding state ownership, saying the law does not affect existing exploration licenses.
2) A joint venture between Mongolia and Russia wants to remove Khan Resources from a uranium project in Mongolia, but it is unclear how this could be done legally given Khan Resources' existing exploration license.
3) Rio Tinto purchased additional shares in Ivanhoe Mines for $388 million as part of an agreement to increase its stake in the company, which is developing
The document summarizes business news from Mongolia. It discusses several topics:
- Oyu Tolgoi defended its investment agreement as fair and valid, saying it benefits Mongolia. However, some lawmakers want to increase Mongolia's stake in the project.
- Despite calls to rework OT's agreement, investors increased shares in the project's main partner, shrugging off political risks.
- Prophecy Coal submitted a power purchase agreement proposal for its mine-mouth power plant project.
- Erdene Resources plans to split its coal and Mongolian mineral projects into separate companies to unlock shareholder value.
- Terra Energy is set to begin mining at its South Gobi coal project.
This issue of the Business Council of Mongolia newswire discusses various business and economic news items in Mongolia. It reports that at a Democratic Party meeting, heated exchanges occurred over the shareholding in the Oyu Tolgoi mine. It also reports that the Mongolian government plans to revoke four gold mining licenses held by Centerra Gold for environmental reasons. Additionally, it provides updates on several mining and exploration companies operating in Mongolia, including SouthGobi Resources' share buyback program and survey results from Garrison International's Tuvshir project.
The document summarizes business and economic news from Mongolia. It discusses several mining projects in the country, including Peabody being offered a contract to develop the West Tsankhi coal field, the priority of the new government being to attract investors to the Tavan Tolgoi coal field, and the CEO of Erdenes-TT stepping down while outlining three options for how to move the project forward. It also mentions the Oyu Tolgoi CEO defending the investment agreement for the project.
The document provides a summary of recent business, economic, and political news in Mongolia. It discusses ongoing debates in Parliament around ownership of mining deposits like Asgat and Oyu Tolgoi. It also mentions that the government is developing a private sector development strategy with input from the Business Council of Mongolia, and that women's groups are protesting efforts to repeal quotas for female political candidates. In addition, it provides economic indicators like stock market and currency exchange rates.
The document summarizes the key news and events from the September 6th, 2013 issue of the Business Council of Mongolia NewsWire. It discusses several business and economic stories, including Rio Tinto replacing board members at the Oyu Tolgoi copper mine amid disputes with the Mongolian government over financing. It also mentions Erdenes Tavan Tolgoi planning to ramp up coal production and begin exports from its West Tsankhi mine. Additionally, it provides an overview of the 2013 Discover Mongolia investment forum, including remarks on the importance of respecting investment agreements and concerns about policy instability expressed by speakers from Anglo American and Erdenes Tavan Tolgoi.
The document summarizes news from the Business Council of Mongolia newsletter. It reports that Ivanhoe Mines has made a significant new discovery at the Oyu Tolgoi mine in Mongolia, indicating there are greater resources than previously estimated. It also reports that Newcom Group and GE have signed an agreement to explore business opportunities in Mongolia, and that Mongolian Mining Corp has increased the price range for its upcoming IPO on the Hong Kong exchange.
After careful consideration for the preservation of the region’s environment, culture, and people, Jalsa Urubshurow opened Three Camel Lodge in 2002 as the only luxury eco-lodge in the Gobi Desert. Built by and staffed by locals, Three Camel Lodge offers travelers a way to experience the nomadic spirit of the region alongside modern comforts while protecting the natural beauty and culture.
After careful consideration for the preservation of the region’s environment, culture, and people, Jalsa Urubshurow opened the only luxury eco-lodge in the Gobi Desert, Three Camel Lodge, in 2002. Built by and staffed by locals, Three Camel Lodge offers travelers a variety of activities to learn about nomadic culture while enjoying modern comforts in a way that showcases the nomadic spirit without destroying the natural environment of the region.
The Business Council of Mongolia published its January 2020 Macroeconomic Updates report which contained the following key points:
1) Mongolia's GDP grew 6.3% in Q3 2019 while inflation was at 5.2% in December 2019. Exports reached a historic high of $7.6 billion in 2019, driven by record coal exports.
2) Foreign direct investment in Mongolia totaled $21.5 billion as of 2019, with the majority from Canada, China, Singapore, and Luxembourg invested mainly in mining.
3) The Mongolian currency, the togrog, depreciated 3.8% against the US dollar in 2019 as the central bank supplied $2.
Faro Foundation Mongolia is a non-governmental organization that promotes digital literacy and safe internet use in Mongolia. It works to educate the public on topics like online safety, proper social media use, and cyberbullying prevention. The organization's primary goal is to create positive social change through social media. It has developed a digital literacy curriculum and library on Facebook to teach essential digital skills to students, teachers, and parents.
The Business Council of Mongolia (BCM) is an independent non-profit organization established in 2007 to advocate for economic freedom and a competitive business environment in Mongolia. It has over 240 member organizations from various sectors. The BCM aims to equip its members with policy research, training, and networking opportunities. It is organized with a Board of Directors, Executive Committee, and six working groups focused on key issues. The Growth and Innovation working group works to promote digital transformation in Mongolia.
The One-Stop-Service Center (OSSC) was established in February 2019 under the Prime Minister's order to provide centralized public services to investors in Mongolia. The OSSC was created as part of Mongolia's three-pillar development policy and on the recommendation of the Investment Protection Council. It allows five government bodies, a bank, and notary office to render services to foreign investors from one location.
Mongolians are building a competitive Fintech sector with international ambitions by cultivating agile and innovative teams combining specialists and experts from 6 nationalities. To become truly internationally competitive, Mongolia must train professionals and executives to international standards by growing their next generation of innovative leaders and skilled experts. Overcoming these challenges will allow Mongolia to solve growing issues and compete in international markets.
The document discusses competitiveness rankings for Mongolia and its provinces. It analyzes Mongolia's performance in the IMD World Competitiveness Ranking, where Mongolia ranked 62nd out of 63 countries in 2018. The ranking evaluates countries across 4 factors: economic performance, government efficiency, business efficiency, and infrastructure. The document also summarizes findings from a provincial competitiveness report for Mongolia, which evaluated and ranked the competitiveness of Mongolia's 21 provinces. Finally, it outlines criteria and results from a competitiveness ranking of districts in Ulaanbaatar city across 5 factors of quality of life, living environment, safety and security, governance, and economic performance.
Digital transformation involves using digital technology in new ways to solve traditional business problems and drive organizational change. The presentation discusses how digital transformation differs from related concepts like digitization, analytics, and outsourcing. Key aspects of digital transformation include leveraging data as a strategic asset, adapting to digital natives, and undergoing cultural and technological changes. Methods like agile project management and design sprints are presented as ways to accelerate transformation. The presentation also provides examples of how companies have transformed, such as Domino's Pizza using digital strategies to regain market share.
DBS Bank was named the world's best digital bank by Euromoney in 2016 and 2018, beating competitors like Citi, BBVA, and ING. The CEO of DBS Bank, Piyush Gupta, accepted the award and said that banks of the future will be fundamentally different than today's banks due to their digital transformation. DBS Bank has spent three years focused on digital initiatives by changing employee mindsets and technology infrastructure to make banking simple and seamless for customers.
Mongolia transitioned to democracy in the early 1990s after a peaceful revolution. It now has a multi-party parliamentary democracy with freedoms of religion, expression, and private property rights guaranteed in its constitution. Mongolia's economy depends heavily on its mineral and agricultural sectors as it continues developing a market economy after transitioning from Soviet control.
The document discusses the Growth & Innovation Working Group of the Business Council Mongolia. The working group aims to:
1. Promote and advance business growth and innovation in Mongolian society through educating businesses, government, and the public on opportunities in research and development.
2. Enable all organizations to grow and innovate, not just start-ups or sectors traditionally thought of as innovative.
3. Focus on key objectives like digitalization, infrastructure, financial technology, data security, efficiency, public investment policy, and intellectual property protection to support the digital transformation of consumer and enterprise services through technologies like IoT, AI, fintech, blockchain, and more.
The working group plans events
The BCM held its January monthly meeting to discuss organizational updates. Key points:
- The BCM elected a new 15-member Board of Directors and appointed an Executive Committee and Working Groups.
- Two presentations were given on legal environments for asset management in Mongolia and on responsible mining.
- The BCM revised its mission statement to focus on providing members with policy research, training, and networking support for business in Mongolia.
- The BCM reorganized its working groups, which are now chaired by Board members, and strengthened its secretariat.
The document discusses Mongolia, Russia, and China's economic corridor program. It notes that the program aims to improve connectivity between the three countries through projects involving railway, roads, energy transmission lines, gas and oil pipelines, and high-speed internet. There are currently 32 projects across areas like infrastructure, energy, agriculture, border cooperation, trade, environment, education, medicine, and more. The document also discusses plans to establish a joint center for investment planning and projection in Ulaanbaatar to facilitate implementation of the economic corridor program projects and further trilateral cooperation.
This document provides information on business opportunities through procurement for Mongolia's Second Compact Agreement with the Millennium Challenge Corporation (MCC). It outlines that the total grant value is $350 million to fund activities supporting economic growth and poverty reduction in Mongolia. Key business opportunities include consulting services, goods, and construction works valued at approximately $44 million for the base year. The presentation also reviews MCC's procurement principles of transparency, fairness and competitiveness. It provides details on the procurement process and how opportunities will be advertised.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
1. BUSINESS COUNCIL of MONGOLIA
NewsWire
www.bcmmongolia.org
Jim@bcmmongolia.org
Issue 16, March 7 2008
NEWS HIGHLIGHTS:
Business: Russians eye strategic partnership in Tavan Tolgoi; E-ticket age arrives in aviation; Koreans
ready to invest in Mongolia
Economy: FRC suspends companies; New airport funds set; National registration to boost economy;
Soum contamination shows excessive mercury
Politics: Gap narrows in approval of minerals law; Minister secures key role in regional peace; Coal
deposit added to strategic list; Armed forces lead business partnership
BUSINESS
RUSSIANS EYE STRATEGIC PARTNERSHIP IN TAVAN TOLGOI
Russian Prime Minister, V. Zubkov, has named several Russian companies ready to invest in Tavan
Tolgoi and President N. Enkhbayar has responded positively according to a report from Russian ITAR-
TASS information agency special correspondent. The leaders met in Seoul on February 25 and discussed
two Russian companies, Basic Element and Severstal, as potential investors and strategic partners.
The President said that the law on transferal of State shares in the project was currently under
discussion in Parliament. He said he knew a bill had been submitted and that upon approval 36 percent
of shares of Talvan Tolgoi would be transferred to a strategic foreign investor on the basis of an open
tender.
In addition to the two named companies, other leading Russian companies, Nornikel and
Zarubejgeology have said they were willing to support a number of projects in Mongolia.
Source: The Mongol Messenger
E-TICKET AGE ARRIVES IN AVIATION
The purchase of a computer reservation system by Mongolia‟s Eznis Airways LLC is a step towards e-
ticketing and international standards and brings a new era of travel to Mongolia.
Eznis Airways LLC signed a contract with US Florida-based company in Orlando, Radixx Enterprises, to
purchase the System. The new system will allow domestic and overseas customers to purchase seats
online without the need to go to a sales office. It is an environmentally friendly process eliminating the
need for paper tickets.
Last year Eznis Airways LLC carried 60,000 passengers and in 2008 expects to carry over 85,000
customers on a safety first basis.
Eznis Airways LLC has been approved by governments of the United States and the United Kingdom and
the United Nations as the preferred provider for travel of their nationals in Mongolia.
Source: www.eznis.com
2. KOREANS READY TO INVEST IN MONGOLIA
Leading Korean company, Kores Co. Ltd has its set sights on investment in Mongolia. Kores director, Li
Han Hog met President Enkhbayar during his offical visit to the Republic of Korea February 26 and 27
for the swearing in of new President, Lee Myung-bak.
Kores Co. leaders said they were interested in investing in Mongolia‟s mining, infrastructure and energy
sectors and were ready to receive proposals from Mongolia concerning development in these sectors.
President Enkhbayar promised to convey their proposals to the government and relevant Mongolian
companies.
Kores Co. Ltd is Korea‟s State-run resources development company with a 50 percent stake in Djantaur
mine in Uzbekistan, a sizeable deposit of uranium. Korea uses roughly 4,000 tons of uranium annually
to power its 20 nuclear reactors, which cover 40 percent of country‟s electricity needs.
Source: www.korea.net/news/News
ECONOMY
FRC SUSPENDS COMPANIES
The Financial Regulatory Committee (FRC) has temporarily suspended 66 companies from trading
securities. FRC Securities Department head, E. Ganbat claimed shareholders breached their conditions
because they did not know which capital they owned and did not control their company's activities.
Shares were concentrated in the hands of a few people and activities were limited.
The 66 companies were researched following investigations, and then suspended. Of them, 29 have
been excluded by regional tax services from State registration and the remaining companies must
either restore their activities and apply for the continuation of trading securities, or meet shareholders
to close or restructure. The Mongolian Stock Exchange will decide whether, or not, to allow the
companies that choose to continue trading to renew their registration.
Source: Montsame National Newsagency
NEW AIRPORT FUNDS SET
Japan has agreed to provide Mongolia with its largest grant yet to build a new international airport 40
kilometers from Ulaanbaatar.
The Ministry of Foreign Affairs said up to 28.81 billion yen (MNT 237 billion = US $279 million) in loans
would be given to the country to build the airport including a new 3.6 kilometer runway and state-of-
the-art security systems.
Source: www.keralanext.com/news
NATIONAL REGISTRATION TO BOOST ECONOMY
Mongolia is to get a national registration system to bring it into line with developed countries. The
system is expected to boost the economy as all citizens gradually get smart identification cards making
registration for elections, census taking and demographics easier to manage.
Under the program to be implemented progressively until 2012, a general law on registration will be
passed to improve property rights registration, release the smart identification cards, improve
registration of citizens crossing the State border and develop an information and communications
network.
The smart ID card will include comprehensive information about its holders including eye and hair
3. colors and fingerprints.
Cabinet Secretariat of Government Chief, N. Enkhbold, and Information and Communications
Technology Agency head, Ch. Saikhanbileg announced the new system to press on February 29.
Source: Montsame National Newsagency
SOUM CONTAMINATION SHOWS EXCESSIVE MERCURY
The final conclusion of the analysis of samples taken from four different sites in Khongor soum of
Darkhan-Uul aimag following a mercury spill in October 2007 is under a cloud.
Results delivered to the Geological Institute of the Academy of Science on March 4 showed one sample
taken from a mud house had 60 times more mercury than acceptable levels and another three samples
had mercury.
The analysis was conducted following a major mercury spill impacting on the health and well being of
local citizens and their livestock.
The analysis was conducted by the Russian Environmental Resources central laboratory at the end of
October and returned to Mongolia. Samples analyzed earlier at the Central Laboratory of Geology in
Mongolia did not show any mercury.
Source: Odriin Sonin
POLITICS
GAP NARROWS IN APPROVAL OF MINERALS LAW
More news that an extraordinary session of Parliament may be called prior to the spring session in April
to approve the working group‟s draft amendments to the minerals law and Oyu Tolgoi, Tavan Tolgoi
and Asgat Investment Agreements, suggests light at the end of the tunnel.
Working group head and Democratic Party (DP) member, N. Batbayar and DP Deputy chairperson, S.
Lambaa said the working group members in Ulaanbaatar had met continuously to discuss the
amendments. Mr Batbayar said they would submit their conclusion to the Prime Minister no later than
March 5 and if the draft law was approved there was a possibility the two investment agreements
would be signed off.
Most of the council members supported N. Batbayar‟s suggestion on Mongolian participation in the
strategic deposits to be discussed at either 34 percent or 51 percent and above.
Once with Government, it is anticipated 10 days will be needed to refine the amendments. If
submitted to Parliament before March 20, a meeting could be called in the first 15 days of April. Mr
Batbayar said in his opinion the draft minerals law would be approved.
Source: Ardiin Erkh
MINISTER SECURES KEY ROLE IN REGIONAL PEACE
Mongolian Foreign Minister, Sanjaasuren Oyun, has secured basic agreement for a working group from
the Six Party Talks toward ending North Korea‟s nuclear capabilities, to be held in Ulaanbaatar this
year.
The working group‟s role is to find a peace security mechanism in Northeast Asia.
The Minister told Kyodo News, Mongolia‟s role was important to regional peace and security in
4. Northeast Asia.
Source: home.kyodo.co.jp
COAL DEPOSIT ADDED TO STRATEGIC LIST
Shivee-Ovoo brown coal deposit in Gobisumber aimag has been included in the list of strategically
important deposits of Mongolia. It has a reserve of 2.8 billion tons of coal and the Mineral Resources
and Oil Authority has granted special licenses 13311A, 13312A and 13313A to State-owned Erdenet-MGL
Company.
The deposit is one of Ulaanbaatar‟s main sources of energy but has failed to supply coal on a regular
basis and employee conditions have worsened due to poor management. Shine Shivee Company has
owned the deposit since 2004. Difficulties facing the deposit have become a large problem for
Gobisumber aimag and Ulaanbaatar.
Under Erdenet-MGL Company ownership, mine operations will improve and the State will bear all
responsibilities for miners' affairs in the new ownership regime.
Source: Montsame National Newsagency
ARMED FORCES LEAD BUSINESS PARTNERSHIP
A growing partnership between Mongolia and the US state of Alaska‟s armed forces has opened doors
for bilateral relations in more ways than one. It has seen civilian-to-civilian initiatives grow in mining
and medical care, a sister-city relationship between Erdenet and Alaska's Fairbanks, and Mongolian
students enrolled in Alaskan universities, among others.
Mongolian Armed Forces chief of staff, Lt. General Tsevegsuren Tsogoo, said, “The partnership opened
the way for the business people of the two countries. In the future we will see Alaskan investment in
Mongolia, and we will ship our products to Alaska.”
The Army News Service reported February 28, Lt Tsogoo said at the „Pacific State Partnership Program
Regional Workshop‟ in Honolulu late January, "We have done a lot in a very short time." The countries
paired up in 2003 and formalized relations in 2005.
The diversity in the relationship is unique according to Alaska National Guard, adjutant general, Air
Force Major General Craig Campbell who said, “Only the National Guard can do this. It can't be done by
the active duty military. It can't be done solely by the civilian community. The reason is the National
Guard brings significant civilian expertise. We're Citizen-Soldiers. The majority of us have civilian jobs.
We have that experience and skills from doctors to engineers to carpenters. We're the only ones that
have that military and civilian combined in one package. The [beneficiaries] of our partnership are not
only the military but also civilians.”
Source: www.army.mil/-news/2008/02/28/7667
ECONOMIC INDICATORS
MSE WEEKLY REVIEW
For the week ended February 22, trading activity on the Mongolian Stock Exchange (MSE) totaled
503,600 shares with stocks of 73 stock companies traded. Total market value of transactions was MNT
430.6 million.
The Top 20 index decreased by 226.18 points or 1.8 percent compared to the previous week closing at
12,163.49 points. Major share price losers were: APU, Spirt bal Buram, Zoos Bank, Gobi and UID.
Most active stocks traded were: Jenco Tour Bureau (195,200 shares), Hai Bi Oil (87,800 shares), Olloo
5. (55,600 shares) and Moninjbar (33,300 shares).
Total market capitalization of 358 stock companies listed on the MSE was MNT 841.4 billion, down MNT
4.8 billion from the previous week.
INFLATION
Year 2007 15.1% [source: World Bank]
CURRENCY RATES – MARCH 7, 2008
Currency Name Currency Rate
US dollar US 1172.31
Euro EUR 1778.45
Japanese yen JPY 11.31
British pound GBP 2316.84
Hong Kong dollar HKD 150.56
Chinese Yuan CNY 164.94
South Korean won KRW 1.24
North Korean won KPW 8.20
Canadian dollar CAD 1179.39
Australian dollar AUD 1084.09
Taiwan dollar TWD 37.98
Indonesian rupiahs IDR 0.13
Malaysian ringed MYR 368.59
Singapore dollar SGD 843.51