Canada will open a permanent trade office in Mongolia to assist local Canadian businesses. Canadian firms have a reported $395 million in investments, including operating more than 20 mines. Canada is also Mongolia’s second largest investor.

Mongolia may invite Russia to assist in the mining and processing of uranium, according to Prime Minister S. Bayar. Additionally, Mongolia may even seek a Russian partnership in building a nuclear power plant.

Mongolian officials said they expect an agreement to begin mining the Oyu Tolgoi gold and copper site could be finalized within weeks.

Mongolian officials from Erdenet spent this past weekend visiting their sister city, Fairbanks, Alaska in the USA.
The visit follows the signing of sister city pacts last October when Mongolian President N. Enkhbayar visited Alaska.

SouthGobi Energy Resources Ltd. announced Monday that it has received final government authorization to begin mining at the company’s Ovoot Tolgoi coal site.

The North America-Mongolia Business Council will meet in April in Calgary, Canada for its 18th annual convention.
As in the past, the meeting is meant to assist those seeking information about business and investment opportunities in Mongolia.

Gulfside Minerals Ltd. (TSX-V: GMG) announced last week the acquisition of mining rights for Mongolian. However, the company has not yet released the locations of their Mongolian sites.

Democratic Alliance, Mongolian National Green movement have jointly announced a need to stop the “Gold” Programme at the Press Conference held at the Palace of the Democratic Party.

“MIAT” company will rent “BOEING-737” plane from Ireland next month. The two parties have made a contract and  the “BOEING-737” plane will land on “Chingiss Khaan” international airport, Ulaanbaatar on 17, April.

The Mongolian government appears ready to move ahead in finalizing an agreement to mine the vast Oyu Tolgoi copper and gold site. During a Wednesday newspaper interview, Sedbazar Otgonbat, a ministry of industry and trade adviser, said the Mongolian Parliament will seek to finalize an agreement this spring.

As the March tournament nears, the Japan Sumo Association released the Haru Basho rankings for the sumo wrestlers on February 25. This time, there will be one more Mongolian wrestler in the elite division increasing the number to eight.

As it seeks wider participation in international community, Mongolia has pledged to increase transparency in how the mining sector interacts with the government.

A South Korean non-profit organization is studying whether to send 40,000 coal burning furnaces for use in Ulaanbaatur.  The Korea Mine Reclamation Corp. (MIRECO), a publicly run non-profit organization, is conducting a study to determine the feasibility of introducing the furnaces in Mongolia. 

Russian oil producer Rosneft will freeze oil prices at January levels as part of an agreement to build 100 consumer gasoline stations. The company said this price freeze will remain intact through July.

Mongolia has agreed to allow QGX (QGX-T) to begin mining tungsten and molybdenum at Undur Tsagaan. These are both minerals used in the hardening of steel.  The demand and market price of both minerals may be heading up due to China restricting the mining of both minerals.