Jan. 12 – Air pollution kills about 1,600 people in Ulaanbaatar every year, and is the cause of an additional 8,500 hospital admissions for lung and heart diseases, according to a joint study undertaken by the World Bank and the Mongolian Ministry of Nature.
According to the study, the concentration of dust particles in the air is 35 times the standard recommended by the World Health Organization (WTO). According to the new report released by the WTO in September 2011, Ulaanbaatar is the second most polluted city in the world and it is also the world’s coldest capital city. Continue reading












Aug. 10 – Mongolia-focused oil explorer
Jun. 3 – Every Mongolian has just been given shares in the Erdenes-Tavan Tolgoi IPO, as was suggested would happen by us earlier in the year. The offering, in a coal mining operation commonly referred to as “TT” (for Tavan Tolgoi), is designed to ensure every Mongolian national shares in the new wealth being created through the development of the country’s mining sector.
Jun. 1 – In yet another sign of the increasing value and strength of Mongolian companies, Mongolian Mining Corp (MMC) has agreed to pay US$464 million for a coking project owned by Hong Kong’s Kerry Group. MMC, which is Mongolia’s biggest coking coal exporter, signed the deal on Tuesday to buy QGX Coal from Kerry Mining and could end up paying as much as US$950 million if the mine hits certain targets. The deal is the biggest acquisition by a Mongolian mining company to date.
Apr. 6 – The Mongolian National Chamber of Commerce and the Mongolian Government recently released the 10th annual list of the top 100 businesses in Mongolia. Like in previous years, this year’s list is dominated by private enterprises.
Mar. 9 – Seven bidders, including Arcelor Mittal, Vale, Xstrata, Peabody, Shenhua and Mitsui, plus a Japanese, Korean and Russian consortium have been shortlisted to develop Mongolia’s massive Tavan Tolgoi reserves.
