“The expansion of Olon Ovoot border crossing station will help increase income from coal and employment in Mongolia”, remarked Mr D.Ganbat, Minister of Road and Transport Development when he attended on Thursday an official inauguration ceremony of an expanded terminal built at Olon Ovoot border crossing station in Dornogobi province.
5. New VAT Law takes effect to combat shadow economy
The revised Value-added tax law adopted by Mongolian Parliament in July 2015 came into effect on January 1, 2016.
1. Mongolian People’s Party wins General Election by a landslide
The day of the General election, June 29 saw a 72.1 percent voter turnout and a landslide victory of Mongolian People’s Party (MPP).
Young Mongolian mental athletes showing success in World Mental Olympics 2016.
14 athletes from the Mongolian Intellectual Academy are competing at the LAS VEGAS MEMORIAD World Mental Olympics 2016. Out of them the International Master of Mental sports T.Enkhjin won a bronze medal in the category of speed cards.
Mongolian Ambassador awarded Order “Madarski Konnik”
The Ambassador of Mongolia L.Dugerjav was awarded the “Madarski Konnik”, the high state order of the Republic of Bulgaria. He was awarded the order in recognition of his contributions to the strengthening of Bulgaria-Mongolia relations.
Prime Minister Mr J.Erdenebat was on a working tour in Umnugovi (South Gobi) province last weekend, and paid site visits to Oyu Tolgoi concentrator, underground mining development, “Tsagaan Suvarga” (White Stupa) mine, “Gashuunsukhait” border checkpoint, “Tavantolgoi” and “Energy Resource” mining companies.
He emphasized an importance of forwarding the major construction and mining projects as an exit from the current economic difficulties and the project must serve both in favor of the interests of the people and business entities.
The Government of Mongolia will own 10% of shares of Oyu Tolgoi copper concentrate smelting and refining plant without making any investments and payments. The state authority in the plant will be exercised by the Ministry of Industry.
On Tuesday, Oyu Tolgoi company signed a major contract for the underground mine development. Jacobs Engineering Group, one of the world's largest and most diverse providers of technical, professional and construction services, has been contracted to provide engineering, procurement and construction management (EPCM) services for underground development.
1.Democratic Party (DP) has decided to cancel the candidacy of its members, who own offshore accounts, to the next parliamentary election of 2016.
“Mining Mongolia-2016” exhibition opened Wednesday in the “Buyant-Ukhaa” complex, aiming to boost the mining industry, to introduce progressive techniques and technologies and to gain international experience.