In 2017, Erdenes TT mined more than 10.1 million tons of coal and exported 8.4 million tons, amassing revenue of 1.1 trillion MNT. From this revenue, 243 billion MNT was contributed to the state budget.

Tavan Tolgoi is one of the world’s largest untapped coking and thermal coal deposits, located in the South Gobi Province in southern Mongolia. All of Tavan Tolgoi is owned by Erdenes MGL (a government-owned company) except for the Ukhaa Khudag section which is mined by the Mongolian Mining Corporation. Erdenes Tavan Tolgoi JSC (Erdenes TT), a subsidiary of Erdenes MGL, is managing the development of East Tsankhi, and the company is due to float on the Hong Kong, London and Ulaanbaatar stock markets in late 2012

The crossing, however, reopened earlier today after Mongolian Border Security officers and the Zamyn Uud Police Department moved in to clear the demonstration. Some of the auto-traders have been detained by the police.

The central bank sets and announces official foreign currency exchange rates each day. Financial analysts say that the USD appreciation in Mongolia is a direct result of the USD appreciation against China's yuan.​

Przewalski horse is a rare subspecies native to Mongolia, which became extinct in the wild in the 1960s. Prague Zoo has played a major role in saving the horse, breeding it and gradually returning it to its natural environment.

To date, the zoo has sent 31 horses to a nature reserve in the Mongolian steppe, where they have started breeding successfully.

In a meeting with the victim’s father Dr Shaariibuu Setev and family lawyer Ramkarpal Singh on Wednesday (June 20), Dr Mahathir agreed that the 12-year-old case should be looked into again.

“He (Dr Mahathir) agreed that it is a case that warrants further investigation,” said Ramkarpal.

“The prime minister however is also adamant that the process must follow the rule of law.

“We also agree with him and have started the due process, which began with meeting the Attorney-General yesterday (June 19). We are confident that the rule of law will take its course.

“It was a very satisfactory meeting. The Prime Minister also spoke in detail with Dr Shaariibuu,” Ramkarpal told reporters outside the Prime Minister’s office here after the 30-minute meeting.

Also present were a Mongolian translator and a representative from the Mongolian consulate.

Dr Shaariibuu had lodged a report earlier on Wednesday (June 20) at the Dang Wangi police headquarters in Kuala Lumpur seeking a fresh investigation.

He also said Mongolian President Khaltmaagiin Battulga had spoken to him over the phone to thank Dr Mahathir.

After Pakatan Harapan won its historic victory in GE14 and took over Putrajaya, Khaltmaagiin had also written to Dr Mahathir.

“As the President of Mongolia, I pay special attention to the grave crime committed in Malaysia on Oct 18, 2006 – the murder of Ms Shariibuu Altantuya, a Mongolian national and a mother of two children,” Khaltmaagiin said in his letter.

He urged the then newly sworn-in premier to help bring justice to Altantuya’s family “to invigorate the atmosphere in the bilateral relations between our two countries”.

Two former policemen, Sirul Azhar Umar and accomplice Azilah Hadri, were convicted of murdering Altantuya in 2009 and sentenced to death by the High Court, although the Court of Appeal overturned this in 2013.

On the prosecution’s appeal, the Federal Court upheld their death sentences, but Sirul had fled to Australia by then.

Former political analyst Abdul Razak Baginda, who was charged together with them, was freed on Oct 31, 2008, after the court found no concrete evidence against him.

Meanwhile, Ramkarpal said the identity of the individual who ordered the murder of Altantuya could already be determined from the previous police investigation.

“I believe the previous investigation has already identified the person, or if there is more than one, who ordered the murder.

“Whoever ordered this should be brought to face justice. The crime is heavier than the one committed by those who followed orders and did the killing,” he declared.
Read more at https://www.thestar.com.my/…/after-meeting-her-father-dr-…/…

The Government ban prohibits not only use and sale but also import and production of plastic bags thinner than 0.035 mm. Thus, it starts realization of a policy to restrict all sources that influence adversely to the nature and environment, noted Minister of Environment and Tourism N.Tserenbat and reported that the Mongolian Customs General Administration and the General Agency for Specialized Investigation will supervise implementation of the decision.

Furthermore, the Ministry initiated a campaign ‘Let’s Celebrate Naadam Festival Clean’.

B.Batchimeg

India is one of the largest buyers of military equipment from Russia. Since the 1960s, the countries have signed military contracts worth $65 billion.

Now, trade deals between the countries are estimated at $12 billion. India is ready to purchase Russia's S400 air-defense system in a $5-billion deal. However, the sale is being heavily opposed by the United States, which is also trying to stop a similar deal between Russia and Turkey.

Defense deals between Russia and India are currently denominated in US dollars. The countries have discussed various ways of bypassing US sanctions, including payment in third currencies like the Singapore dollar. Talks are being conducted between Vijaya Bank and Indian Bank on the Indian side and Russia’s top creditor Sberbank.

An option that is now ruled out is paying in US dollars to non-sanctioned Russian entities. “This option was decided against as it would have opened up a lot of legal and audit issues, especially as defense deals are looked at very closely. No one wanted to take a chance,” a top official involved in the talks told the Indian daily.

Mongolian Foreign Minister Damdin Tsogtbaatar made the remarks when meeting with Finnish Ambassador to Mongolia Jarno Syrjala.

Tsogtbaatar also expressed his willingness to enhance economic and trade cooperation with Finland, and hold joint business meetings.

During the meeting, the two sides exchanged views on international and regional issues of mutual concern.

"I will put all efforts in expanding bilateral trade and economic cooperation during my tenure," said Syrjala.

This year marks the 55th anniversary of the establishment of diplomatic ties between the two countries.

The two countries are preparing for the regular meeting of the Mongolia-Finland Intergovernmental Commission on Economic Cooperation in September in Finland's capital of Helsinki.

In accordance with the currently effective Law on Currency Settlements and the Law on Central Bank (Bank of Mongolia), the Bank of Mongolia regulates currency circulation, and holds and manages the foreign exchange reserves. However, according to the bill initiator, the rationale for drafting the amendment was the fact that the Bank of Mongolia has no authority to negotiate with a legal entity earning a large amount of foreign currency, except for buying currencies.

Furthermore, the amendment to the Law on Currency Settlements was drafted with the purpose of creating legal arrangements for the Bank of Mongolia to ensure the stability of national currency, hold and manage the foreign exchange reserves, and carry out the cash transactions and settlements of a legal entity with currency earnings from the exploitation of a mineral deposit of strategic importance, in frames of its duty to increase the foreign exchange reserves of Mongolia.

In compliance with the draft amendment, the Bank of Mongolia will be allowed to register the transaction account of a legal entity, which established an investment contract with the Government, exploits a mineral deposit of strategic importance, and with foreign exchange earnings in the amount set by the Bank of Mongolia.

Citizens were allowed to submit suggestions for the draft amendment to the Law on Currency Settlements between May 11th and June 18th, 2018, through the official website of the President’s Office.

Source: president.mn