Foreigners without the necessary documentation must be aware that, under Mongolian law, they are committing a crime and will face fines, deportation and bans on future entry into the country.

The Mongolian Immigration Agency recommends foreign nationals who are planning to come to Mongolia to obtain visas from the appropriate authority - normally a Mongolian consulate or embassy. The citizens of many countries can visit Mongolia as tourists for up to one month, without obtaining a visa before leaving. People should check in advance that their country is on the list and be aware that they will be fined for overstaying the one month period.

The parties underlined that Mongolia and India have had religious and cultural ties from time immemorial and in recent years, the two countries have expanded the relationship in the fields of defense, security, education and information technology. President of Mongolia Kh.Battulga emphasized that the development of the information technology sector is strategically significant as Mongolia is a landlocked country and he plans to take a leadership role in the issue as the head of the country.

During the first visit by the preceding President of Mongolia to India 8 years ago, India pledged to give loan of USD20 million and the resolution of the issue is going very slowly. President Kh.Battulga said it would be beneficial to spend the loan for the development of information technology and training personnel. He has a proposal to establish a branch of the Indian Institute of Technology in Ulaanbaatar and he requested the Ambassador to convey his proposal to Prime Minister Narenda Modi and his readiness to implement the project under the President’s auspices. The Indian Institute of Technology is one of the world’s leading institutes of information and technology. Currently, more than 60,000 students are studying at the institute.

The Prime Minister of India Narendra Modi visited Mongolia in 2015 on the occasion of the 60th anniversary of the establishment of diplomatic relations between Mongolia and India. During the visit, the two sides agreed to establish a Mongolian and Indian joint school of information technology. Works are underway to realize the agreement jointly with the Foreign Affairs Ministry of Mongolia and the Ulaanbaatar Mayor's Office, noted Ambassador Suresh Babu. The heads of the two countries can work together in this direction as the President of India chairs the IT Steering Committee, mentioned Ambassador Suresh Babu, also emphasizing the importance of collaboration in cyber-security issues.

Even though the two countries have long traditional relations, the economic and trade turnover has been at insufficient level, marked the President, putting his proposal to establish an Indian trade center in Ulaanbaatar, which would lead to the economic and trade turnover increase. President of Mongolia Kh.Battulga stressed that joining the proposal of India to open a direct flight between Ulaanbaatar-Deli with the proposal of the President of Mongolia to establish an Indian trade center in Ulaanbaatar would bring good results.

B.Ooluun

The miner sought international arbitration in May last year, following the country’s string of penalties, fees and accusations of damaging the environment and violating business deal, all of which the firm considers to be without merit.

The Vancouver-based company, the largest Western-based gold producer in Central Asia, said late Wednesday the arbitrator sided with the company, finding evidence that Centerra had both made out a case for the arbitrator to take jurisdiction over the arbitration proceeding and been convincing regarding the merits of the case, unless proved otherwise.

Centerra, which in January filed a request for a partial award or interim measures against the Kyrgyz Republic, is seeking an award ordering the Kyrgyz Republic withdraw or suspend its several claims and related decisions and court orders.

Such decision came on the heels of a court order forcing Centerra's local subsidiary, Kumtor Gold Company (KGC), to pay about $98 million in fees related to their mine waste. That was on top of an earlier court decision ordering Kumtor, the country's biggest gold mine, to pay a $10,000 fine.

The operation has been the focus of a number of disputes between the company and the Kyrgyz government.

Last year, Kyrgyz prosecutors went as far as to raid the company's offices to collect documents related to a suit alleging financial violations by Centerra.

Kumtor, which lies near the Chinese border at an altitude of 4,000 metres, has produced around 10 million ounces since inception and remaining reserves are 5.6 million ounces. In November Centerra said it was increasing its gold output guidance for the mine to 520,000 to 560,000 ounces and lowering all-in sustaining cost forecast to $666 – $718 per ounce.

Centerra has been shopping for assets in safer jurisdictions as of late. Last year, it bought out US-based Thompson Creek Metals (TSX:TCM) including the Mount Milligan copper-gold mine in British Columbia, Canada.

Please review the full version on http://mongolianbusinessdatabase.com/base/sourcesdetials?id=17 

The "ger" districts' crowded residential clusters and smoggy grey air are a far cry from the sprawling grasslands that Jamiynsurengiin Olzod, a 35-year-old seamstress, once called home.

But like many of the suburban slum inhabitants, she gave up the traditional nomadic lifestyle of Mongolia's 900,000-strong herder population to move to Ulan Bator, harbouring dreams of richer opportunities in the urban centre.

"It's very hard, but life in the countryside is even harder," Olzod said as she lay in bed in the yurt she shares with her three children.

She moved in the hopes of getting an education, but Mongolia's rural-to-urban migration is also linked to the "dzud", a unique weather phenomenon characterised by long droughts and severe winters with temperatures as low as -50 degrees Celsius (-58 degrees Fahrenheit).

More than 40,000 livestock perished from the cold during this winter's dzud, which analysts believe is occurring with greater frequency owing to climate change.

The result is an increasingly urban society: nearly two-thirds of the population lived in the countryside in 1960, now less than one-third does.

Around half Mongolia's population lives in the capital, with the majority residing in 'ger' (yurt) districts, unplanned communities linked by bumpy dirt roads, disconnected from the central electricity grid and lacking proper sewage systems

Around half the country's population of three million lives in the capital, with the majority residing in "ger" (Mongolian for "yurt") districts, unplanned communities linked by bumpy dirt roads, disconnected from the central electricity grid and lacking proper sewage systems.

Populist businessman Khaltmaa Battulga -- who grew up in a ger district himself -- promised to eradicate poverty when he was sworn in as president on Monday, inheriting a $5.5 billion International Monetary Fund-led bailout to revive the flagging economy.

The World Bank estimates that at least 60 percent of those residing in ger districts are unemployed.

The rapid growth of these settlements prompted the city's mayor to pass a decree at the start of 2017 restricting migration for a year and halting the expansion of power lines.

The 5th exhibit is expected to be attended by more than 2,000 guests, representatives and experts from over 100 countries and will discuss business partnerships and product sales and introduce advanced innovative technologies.

The exhibition will be organized jointly by the Ministry of Mining and Heavy Industry, Ministry of Road and Transport Development, Ministry of Construction and Urban Development, the Governor’s Office of the Capital, Mongolian National Chamber of Commerce and Industry as well as the Federal Ministry of Economic Affairs and Energy of the Federal Republic of Germany, and the "Heavy Equipment Manufacturers Association" and the American Chamber of Commerce in Mongolia and French and Mongolian Chamber of Commerce.

Exhibitors will be able to schedule and hold meetings with international guests, through organizers.