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ECONOMY
Mongolia sitting on a gold mine Aug 03, 2009 - washingtontimes - Bundled in an inadequate cloth coat, Khavdal Khurman stoops behind a makeshift mine piling with a small sack, sifting through the detritus for a few lumps of coal to heat his tent against the unseasonal chill. Around him lies a coal-blackened Mad Max landscape of abandoned mining equipment and derelict buildings, the windows long since stripped of glass. Cash-strapped Mongolia buys time with loans Apr 24, 2009 - yahoo.com - Nearly $1 billion in foreign loans and grants that are tiding Mongolia through a collapse in mineral prices have eased budgetary pressure and given the government breathing space to negotiate huge mining contacts. Get into China via the back door Apr 24, 2009 - But Mongolia isn't on the edge of the world. Think about it for a second and you will quickly see that it's at the very heart of the new global economic order. The country is right on China's doorstep. No country is better-positioned to supply China's enormous appetite for raw commodities. In fact, China already swallows-up 70% of Mongolia's exports. The Global Downturn Lands With a Zud on Mongolia's Nomads Apr 20, 2009 - TSOGT, Mongolia -- Waves from the global economic downturn hit Sodnomdarjaa Khaltarkhuu when bank officials showed up at his tent on the edge of the Gobi desert and threatened to foreclose on his goats, sheep and camels. Deutsche Bahn Plans Freight Railroad to China From Mongolia Mar 27, 2009 - bloomberg - Deutsche Bahn AG, Germany’s state- owned railway, is planning to build a 260-kilometer 162-mile railroad for coal transport from southern Mongolia to China. Kremlin extends agricultural aid to Ulaanbaatar Mar 20, 2009 - eurasianet The Russian economy may be coming under increasing stress, but that is not stopping the Kremlin from handing out credits and other forms of assistance to foreign governments. Mongolia is the latest nation to be favored with assistance authorized by Russian Prime Minister Vladimir Putin. Moody's warns may downgrade Mongolia's ratings Feb 09, 2009 - yahoo - Moody's put Mongolia's ratings on review for a possible downgrade, citing a rapid deterioration in the country's external payments position and strains on the government's finances. Profiting from the dark side of the moon Jul 29, 2008 - cnn - For a few suspenseful minutes on Aug. 1, complete darkness will engulf the midday sun in northern Canada, Russia, Mongolia and China. It's the next complete solar eclipse, and there's one small business owner who really, really wants to take you there. Rioters Destroy Paintings, Musical Instruments and Theatrical Costumes in Mongolia Jul 07, 2008 - artdaily.com - Peace was in short supply in the home of Genghis Khan after protesters stormed the Mongolian capital, burning buildings, overturning cars and smashing windows over alleged vote-rigging, which left at least five people dead, 329 injured and about 1,000 detained. Heavy security in Mongolia after riots Jul 03, 2008 - ap.google.com - Rifle-toting soldiers patrolled the streets and armored vehicles guarded intersections in Mongolia's capital Wednesday, the start of a four-day state of emergency triggered by riots over alleged election fraud in which at least five people died. Election Riots Kill 5 In Mongolia Jul 02, 2008 - moscowtimes.ru - A riot in Mongolia's capital over alleged election fraud has killed five people, dampening hopes for a period of stable government to develop the mining sector and tackle inflation. Mongolian president declares state of emergency Jul 02, 2008 - afp.google.com - Mongolian President Nambariin Enkhbayar declared Tuesday a four-day state of emergency as protestors went on the rampage in the capital claiming that weekend elections were rigged. Mercy Corps buys bank to help poor with loans Jun 16, 2008 - oregonlive.com - In 2001, Mercy Corps co-founded XacBank, a commercial bank in Mongolia that extends financial services to yak herders and others across one of the world's most sparsely populated countries. Microfinance institutions started by Mercy Corps in Kazakhstan, Kyrgyzstan and Tajikistan have disbursed $240 million in loans during 10 years to businesses and communities. Russia wants $1 bln trade with Mongolia by 2010 May 15, 2008 - en.rian.ru - Mongolian President Nambaryn Enkhbayar will be in Moscow on a three-day working visit starting Thursday, and is set to meet with Russian President Dmitry Medvedev on May 16. Emerson looking for Trade in Asia Jan 06, 2008 - cknw.com - Canada's Minister of International Trade, David Emerson, has embarked on a five-day trip to Asia to stir up Canadian trade and investment opportunities for Canadian companies operating within the Pacific gateway. Archives: Economy |
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