Cover Mongolia

Official Tumblr of Cover Mongolia, market intelligence firm covering #Mongolia

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We’ll be back on Tumblr!

It was fun experimenting with Tumblr! With a few more followers, we’ll be sure to return. 

In the meantime follow us on: Twitter, Facebook, Instagram, LinkedIn and Blogspot

Cheers,

Cover Mongolia Team

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The secondary school No.14 of 13th khoroo of Bayanzurkh district of Ulaanbaatar city named after Ho Chi Minh, a famous Vietnamese communist revolutionary leader, was closed due to collapse occurred in December 2013.

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In the steppes of Genghis Khan: How an Australian man spent three years in the Mongolian wilderness to capture rare insights into life in one of the world’s most remote places | Daily Mail, December 20:

·         Tim Cope spent three years on horseback retracing the ten thousand kilometre route taken by warrior Genghis Khan

·         The 35-year-old explorer, from Victoria, travelled from Mongolia, through Kazakhstan, Russia, Ukraine and Hungary 

·         From icy mountains to scorching deserts, Cope travelled with three horses, the occasional camel and his dog Tigon

·         The accomplished adventurer was selected by the Australian Museum as one of Australia's 50 greatest explorers

http://www.dailymail.co.uk/news/article-3367504/Australian-photographer-Tim-Cope-spent-three-years-Mongolian-wilderness-capturing-incredible-images-world-s-remotest-places-people-live-there.html

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Mongolia Is Getting Its Stolen Tyrannosaurus Skull Back

It’s always a good day when you get your stolen, $230,000 Tyrannosaurus skull back.

Update: As an astute commenter pointed out, it appears that the skull in question was purchased by one Nicolas Cage. Could this be the National Treasure he’s been seeking all these years?

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These Are 2016’s Hottest Destinations: #1 Mongolia

From luxe in Mongolia to gastropubs in Wales, the beauty of Botswana, and snowboarding in North Korea… here’s where you should be booking to go.

The land of Genghis Khan just got an upgrade.

New luxury digs are reinvigorating the tired glamping cliche—now yurts come with flushing toilets and steaming hot showers.

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MSE Weekly Report: Top 20 +1.29%, ALL +0.46%, ₮609.7 Million Stocks, ₮9.85 Billion T-Bills | Mongolian Stock Exchange, December 18:

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The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries’ endowments of oil, gas and minerals. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development.

NRGI seeks a Mongolia Officer to provide necessary support for NRGI’s expanding work in Mongolia. NRGI’s Mongolia team currently consists of a Mongolia Manager overseen by Eurasia Regional Director. NRGI recently completed a new strategic plan for 2015-2017 for Mongolia, which is a priority country. This plan includes a significant expansion of NRGI's activities and will require additional staff members on the ground including a Mongolia Officer.

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FMG Mongolia Fund: -2.54% in November, -19.39% in 2015 | FMG Funds, December 18:

http://www.fmgfunds.com/index.php/fmgfundsreport?FundID=53&FundName=Mongolia

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2015) - Entrée Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) - ("Entrée" or the "Company") welcomes today's announcement by its joint venture partner, Oyu Tolgoi LLC ("OTLLC"), that it has signed a US$4.4 billion finance facility for underground mine development at the Oyu Tolgoi project. The facility...

Entrée has a 20% carried interest in the Hugo North Extension and Heruga deposits, which are included in the 12 kilometre-long Oyu Tolgoi series of copper-gold-molybdenum deposits.

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ULAANBAATAR, MONGOLIA--(Marketwired - Dec. 15, 2015) - KHOT INFRASTRUCTURE HOLDINGS, LTD. ("KHOT" or the "Company") (CSE:KOT) proposes to conduct a non-brokered private placement of up to 3,400,000 units at a price of $0.15 per unit for aggregate gross proceeds of up to $510,000. Each unit will consist of one common...

The Company also announces that Mr. Anthony Milewski has tendered his resignation as an independent director of the Company to focus on his other continuing commitments and increasing professional obligations.

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IRIM Annual Reception 2015: “SDGs 2030: The Role of the National Evaluation Framework” | Independent Research Institute of Mongolia, December 5:

More than 45 guests gathered at the Annual Reception, demonstrating the importance of the topic discussed. The guests comprised of government officials, including representatives from the Ministry of Finance, National Statistics Office and International Cooperation Fund of Mongolia; representatives of international organizations such as Swiss Agency for Development and Cooperation, JICA, Asian Development Bank, World Bank, IFC, UNDP, World Vision, International Republican Institute and GIZ; embassies of Japan, Canada and USA; and national and international experts.

http://irim.mn/news/541

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Rio Tinto Lines Up More Than $4 Billion to Expand Mongolian Copper Mine

Rio Tinto and its partners have lined up a combined $4.4 billion from more than 15 lenders to fund the expansion of a Mongolian copper mine.

Rio’s board still needs to approve the project. It is waiting on necessary permits for the underground mine, as well as an internal review of construction costs, which is currently under way. Mr. Jacques said he expects a final decision to be made in the first half of 2016, after which the project financing will be drawn down.

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Rio Tinto completes $US4.4b finance package for Oyu Tolgoi mine | Australian Financial Review, December 15:

The consortium has agreed on a debt cap of $6 billion, providing an option to lend another $US1.6 billion.

The new funding will let Rio add a $US5 billion to $US6 billion underground mine to the existing Oyu Tolgoi open-pit operation.

http://www.afr.com/business/mining/rio-tinto-completes-us44b-finance-package-for-oyu-tolgoi-mine-20151215-glo1hd

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Anglo-Australian mining giant Rio Tinto secured a multi-billion deal Tuesday to finance a huge expansion of its giant but controversial Oyu Tolgoi mine in Mongolia, the focus of rising resource nationalism.

But despite the minerals boom many citizens remain poor, and concerns have also been raised about environmental damage.

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Rio Tinto seals $4.4 bln financing for Mongolia copper expansion

Rio Tinto lockedin $4.4 billion in financing on Tuesday to fund a massiveexpansion of a copper mine in Mongolia and a final decisionwhether to proceed with construction will be made in the firsthalf of 2016.

Initial production from the underground part of the mine is still five to seven years away, long enough, Jacques said, for the copper market to turn from surplus to deficit.

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FL Technics, an aircraft maintenance, repair and overhaul (MRO) services company that is part of the Lithuanian-owned, Warsaw-listed aviation group Avia Solutions Group (ASG), expanding its partnership with Future Metals and will from now on represent the US-based supplier of aerospace quality metals and other materials in the Baltic countries and Mongolia, reports LETA/BNS.

FL Technics will offer a broad range of Future Metals' products, such as metal sheets, tubes, bars and safety wires, to customers in Lithuania, Latvia, Estonia and Mongolia, ASG said in a press release on Thursday.