Ancora Investments No. 2 Limited was formed by the principals of the Ancora Capital private equity funds which specialize in investing in the natural resources sector.
Japan has agreed to help Mongolia develop mines to exploit rare earth metals in the wake of its bilateral ruckus with China over supplies of the crucial elements.
The accord was struck Saturday between Prime Minister Naoto Kan and his visiting counterpart, Sukhbaatar Batbold, Japanese officials said.
Mongolia views the Canadian economy as a model to follow, nestled as it is next to a world superpower and relying on mining to expand its largely agricultural economy.
“There could be an awful lot more resource there than originally thought, and that’s providing a lot of excitement out there,” said John Hughes, mining analyst at Desjardins Securities in Toronto.
The Mongol conqueror Genghis Khan may have been an ardent proponent of an early form of globalization. But Mongolia has taken its time embracing international capital markets. Now this “Mortar Economy” — the country is wedged between two BRICs, Russia and China — may be set for rapid growth.
ZORIGT Dashdorj’s office sits in the middle of a building site close to the centre of Mongolia’s dusty capital, Ulaanbaatar.
Visitors have to pick their way carefully through rubble and piles of cement as they climb the two floors to meet the country’s youthful and engaging Minister for Mining and Energy.
Delegates from Mongolia, Indonesia, Malaysia, the Republic of Korea (RoK), the Philippines, and Vietnam discussed sustainable tourism development at a workshop held in Vietnamese City of Ha Long, on September 14.
YTD ANALYSIS OF GOVERNMENT OF MONGOLIA’S POLICY TO MAJOR FOREIGN INVESTMENT:FIRM STANCE OF SUPPORT FOR TRANSPARENT , JUST FOREIGN INVESTMENT WHICH IS TO BRING MAJOR PRODUCTIVE DEVELOPMENT
In a wide-ranging interview, former President N.Enkhbayar tells www.news.mn how he enjoys the freedom of not holding a public position and laments the coming together of the two major parties to share power, but not principles.
Forty-year-old Bayanmunkh has learnt the hard way about overgrazing. Riding slowly behind his herd of close to 2,000 animals across Mongolia’s arid plains, the herder reminisces about how the land has changed.
TRITON COAL ACQUIRES 53% OF MSE-LISTED MAJOR REGIONAL COAL MINE SHARYN GOL CONTROLLED BY FIREBIRD EQUITY FUND, LOCAL MINERS REPORT GOLD, SILVER AND URANIUM ARE DISCOVERED, MAJOR PORTALS REPORTS
According to leading Mongolian news portal news.mn on 9 AM today, September 6, 2010, Minister of Foreign Affairs Of Mongolia G.Zandanshatar has informed during media briefing last Saturday
Landlocked Mongolia sits on vast quantities of untapped mineral wealth and analysts say it could be one of the fastest growing economies of the next decade, as well as a key investment target for global mining giants.
