“International School of Ulaanbaatar”
Most expensive international school in Mongolia – registration fee is USD 150 and additional USD 4500 for contingency fund.

Elementary grades – USD 21,000 (MNT 56 million)

Middle grades – USD 25,600 (MNT 68 million)

Upper grades – USD 27,300 (MNT 73 million)

“British School of Ulaanbaatar”
This school offers an educational program from pre-school to Year 13 for students of all nationalities wishing to study under the British national school curriculum. Its registration fee costs USD 150.

Elementary grades – USD 10.000-14.970 (USD 27-40 million)

Middle grades – USD 16.680-17.920 (45-48 million)

Upper grades – USD 17.920-19.350 (48-52 million)

‘American School of Ulaanbaatar’
The private school has an international accreditation from the Western Association of Schools and Colleges (WASC), based in California, USA.

Elementary grades – MNT 16 million

Middle grades – MNT 20 million

Upper grades- MNT 24 million

‘Hobby School of Ulaanbaatar’
The first independent national school in the country – the Hobby School was founded in 1994.

Elementary grades – MNT 9 million 192 thousand 960

Middle grades – MNT 10 million 342 thousand

Upper grades- MNT 10 million 910 thousand 610

‘Putonghua Chinese language school’
The school implements bilingual teaching to students and a strong mathematical programme.

Elementary grades – MNT 3 million 500 thousand

Middle grades – MNT 3 million 500 thousand

Upper grades- MNT 4 million

‘Goethe School’
The Germany-funded Goethe School teaches lessons in German and English.

Elementary grades – 5 million

Middle grades – 6 million

Upper grades- 6.5 million

‘Empathy School’
The Empathy School was founded in 1994 as part of a series of agreements between an independent educational company (Empathy) and the Ministry of Education of Mongolia. The school teaches pupils from the 6th grades.

Yearly fee – MNT 3 million 300 thousand,

Dormitory- MNT 2 million 300 thousand

Meals- MNT 1 million

‘The Shine Mongol Harumafuji School’
The school was founded in 2018 by Harumafuji (D.Byambadorj) – a professional sumo wrestler.

Elementary grades- MNT 4 million 700 thousand

Middle grades- MNT 6 million 800 thousand

Upper grades- MNT 4 million 900 thousand

Mongolia managed to get out of the Financial Action Task Force (FATF)’s grey list in 2014 after taking action to combat terror funding and money laundering. At the time, it had no direct impact on citizens and enterprises due to the simple international control and small economy of the country. If we get into the grey list, all foreign transactions and foreign investments will halt, lowering the credit rating.

However, the performance in the 11 targets can be improved over five years, according to the officials. It is crucial to prove that Mongolia’s AML/ CTF system will be solid through 2022 at least. 40 recommendation of FATF is a concern to the whole nation, including the government bodies on all levels.

Mongolia became a member of APG in 2004 and passed its Law on Combating Money Laundering and Terrorism Financing in July 2006. Since then, it has been intensifying actions to eliminate and prevent this type of crime.

Bank of Mongolia (BoM) is paying special attention to this issue, assigned a working group to present the report on AML/CTF measures. The working group will report the fulfillment of FATF’s recommendations before the APG annual meeting in late August in order to prevent greylisting.

Bob Long just became the oldest winner of the 1,000-kilometer Mongol Derby, the world's longest horse race on Thursday.

“It’s nothing – you just ride 650 miles. There’s nothing to it,” Bob in a news release. “I’ve only stayed overnight at one horse station; I’ve been staying with local families. They’re spectacular.”

Asked how it felt to be the oldest winner of the Derby, he replied dismissively: “Age is just a number.”

Co-organized by the Mongolian Ministry of Mining and Heavy Industry, the Business Council of Mongolia and the Mongolian National Mining Association, the annual forum aims to present government policies on mining, discuss ways to solve issues facing investors and attract more investment.

At least 500 officials and investors from around 10 countries, including China, Russia, Canada and Australia, are expected to attend the forum.

Mining is one of the main economic sectors of the inland Asian country.

The sector single-handedly formed 87 percent of total exports, 72 percent of the industrial output, 24 percent of the gross domestic product and 75 percent of foreign investment in 2018, according to the country's Ministry of Mining and Heavy Industry.

"Three military echelons with servicemen and military equipment from the Eastern Military District have arrived in Mongolia to take part in joint Russian-Mongolian drills 'Selenga-2019'. Around 1,000 servicemen and nearly 300 units of military equipment will take part in the military exercise. The drills will start on August 15," the press service said.

"From the Russian side, Akatsiya 152mm self-propelled artillery systems, Grad multiple rocket launchers, Shilka self-propelled anti-aicraft weapons systems, T-72B3 and BMP-2 infantry fighting vehicles will take part in the joint drills," the press service added. "Mi-24 and Mi-8AMTSh helicopters stationed in Russia's Zabaikalsky region will also take part in the military exercies," the press service noted.

Last year, "Selenga" drills were held in Russia's Buryatia region. Over 1,000 Mongolian servicemen took part in the military exercise in 2018.

The rig for the Heron-1 well had been put on standby, at an ongoing cost to the company, pending the resolution of a dispute over land use.

'The company can now report that the central and provincial governments are resolving their issues and have given verbal approval for the company to resume operations whilst the necessary paperwork is completed,' Petro Matad said.

Preparations were now being made to drill the well, while the company also worked with the local governor to sign a land use agreement.

The signed agreement was expected to be executed 'within the next few days'.

Total standby costs incurred to date were of the order of $150k.

'The company hopes to be able to make up some of the time lost on standby and based on current forecasts, drilling operations on Heron-1 and Gazelle-1 can be completed well within the normal operating period of the Mongolian drilling season.'

At 9:57am: [LON:MATD] Petro Matad Ltd share price was +1.38p at 7.28p

In May, Mongolian President Kh. Battulga invited Putin to visit to the country and take part in the celebrations on the occasion of the 80th anniversary of joint victory in the Battles of Khalkhin Gol.

Celebration of Khalkh Gol Victory will start with concert of the Russian A.V.Alexandrov Army Academic Song and Dance Ensemble on Ulaanbaatar’s Sukhbaatar Square on 28 August. In addition, there will be a concert of the Igor Moiseyev State Academic Ensemble, a military parade and salute, a fly past, a concert of Mongolian and Russian singers and dancers as well as events for young people and children.

The conflict near the Khalkhin Gol River on Mongolian soil between the combined forces of the Soviet Union and Mongolia against Japan began in 1939. The battle lasted from May until September, resulting in the defeat of the Japanese Sixth Army, which had sought to reach Chita and Baikal and show China that “the Soviet military assistance was unreliable.” Later, Moscow and Tokyo signed a ceasefire agreement. Following Khalkhin Gol, Japan never again attacked the Soviet Union during the Great Patriotic War (1941-1945).

The feasibility study and blueprint costs are to be covered. Head of the Cabinet Secretariat L.Oyun-Erdene, Minister of Finance Ch.Khurelbaatar, and Governor of the capital city S.Amarsaikhan were tasked with the 2020 budgetary allocation of funds for designing and constructing the facility, and with looking for other financial sources.

In brief:

- The Cabinet decided to submit the revised draft Law on Tobacco Control to the Parliament

- The regulation on permit for export and import of strategic food products was approved. It is considered that the regulation will ensure stable food supply.

The figure was announced earlier by Russian Economic Development Minister Maxim Oreshkin, but he did not elaborate on when the current level of $108 billion will be doubled. In the first seven months of this year, the volume of trade between the two countries has already jumped almost 5 percent, Chinese customs data shows.

Beijing considers Moscow as a trusted partner and is opening its markets more and more to Russian products, according to the diplomat. While Beijing is embroiled in an escalating trade war with Washington and is cutting imports from the US, especially on agricultural products, it needs new suppliers and eyes Russia as a good replacement.

“We will choose a new supplier. And Russia is the most reliable one,” Zhang said.

Apart from goods, China is interested in boosting imports of Russian gas, the envoy noted. Russian gas supplies to China are behind Qatar, Australia, and some Central Asian states, but the vast Chinese market has “huge potential” for Moscow, according to Zhang.

In 2014, the two sides inked a gas deal which laid the foundations for the construction of the Power of Siberia pipeline. The project, with annual export capacity of 38 billion cubic meters, is set to become operational on December 1.

Xanadu Mines Ltd - Xanadu Mines hits 40 metres at 2.3 g/t gold in first assay batch 
Additional assays remains pending and follow-up drilling is underway
Xanadu Mines Ltd (ASX:XAM) has received the first batch of assays from drilling targeting shallow oxide gold at the Stockwork Hill prospect within its Kharmagtai copper-gold project in Mongolia.

Highlights from the first two holes include 40 metres at 2.3 g/t gold from surface and 40 metres at 0.81 g/t gold from surface.

The results have increased the company’s confidence in the oxide gold opportunity at Stockwork Hill, which is the first prospect to be drilled outside and above the Kharmagtai copper-gold deposit.

Assays remain pending for a further six holes in the eight-hole program

Gold content underestimated
Xanadu’s CEO Dr Andrew Stewart said: “We are very pleased by these initial drill results from the mineralised oxide zone above the Stockwork Hill deposit.

“Assays from the first two drill holes in the eight-hole program confirm our belief that previous drilling within the oxide zone above the sulphide deposits has underestimated the gold contained.

“These outstanding gold intercepts generated at Stockwork Hill show just how underexplored the broader Kharmagtai Project is for oxide gold mineralisation and validates the current plan of developing a low-cost, high-value gold starter project at Kharmagtai.”

Objective remains developing Mongolia’s next large-scale deposit
Stewart added: “Our long-running objective is to develop Mongolia’s next large-scale open pit copper and gold deposit.

“However, given Kharmagtai sits on a granted mining lease with a registered water resource and an established power supply nearby, we have the ability to move quickly on an oxide gold project and our current strategy of seeking high-return options via an oxide gold project is focused on providing the capital needed to advance that larger-scale copper and gold project.”