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Daily NEWSWIRE
May 10, 2018
S P O N S O R S
Government

Asian parliament members to convene in Mongolia to discuss development issues

Summary:

Through a United Nations Population Fund (UNFPA) initiative, parliament members from Asian countries will convene in Ulaanbaatar, on June 11-12, to discuss regional population and development issues. The meeting will be held with support from the Social Policy, Education, Culture and Science Standing Committee of the Parliament of Mongolia. During the meeting, Asian legislators will exchange views on a wide-range of topics, including regional demographic movement, population ageing, reproduction, employment, and gender issues. In preparation for this high-level meeting, Chairman of the Social Policy, Education, Culture and Science Standing Committee Y. Baatarbileg met with UNFPA Mongolia Country Representative Naomi Kitahara on May 9. Both parties agreed to form a joint working-group to speed up preparation efforts.     

Keywords: UNFPA, Asia, legislators   Today /page A2/


economy

New solar power plant to be built in Dornogobi

Summary:

The European Bank for Reconstruction and Development (EBRD), Triodos Investment Management, and Dutch Development Bank have granted a loan of 31.6 million USD to Desert Solar Power One LLC, a company planning to build a 30 MW solar power plant in Mongolia. EBRD previously reported that construction of the solar power plant, which will be located in Sainshand soum, Dornogobi Province, will commence this year. The total project cost is estimated to be 47.5 million USD. The plant will become one of the biggest solar power plants in Mongolia and will contribute to achieving the government's goal of having renewable energy account for 20 percent of all energy produced by 2020. EBRD has invested a total of 114 million USD in renewable energy projects in Mongolia.              

Keywords: renewable energy, EBRD, green development   Today /page 1/


mining

Xanadu Mines provides a Kharmagtai exploration update

Summary:

Australian Stock Exchange listed Xanadu Mines presented exploration updates on its Zaraa porphyry target. Xanadu’s Chief Executive Officer Andrew Stewart announced that high-grade deposits were discovered as a result of recent drilling into the Zaraa target. He highlighted that this demonstrates Kharmagtai’s high potential for large mineral systems. The exploration of Zaraa target’s resources is still continuing.
 
Managers from Australian Stock Exchange listed Elixir Petroleum and Golden Horde Ltd. are planning to come to Mongolia within the next two weeks to meet with representatives from the Mongolian government. Golden Horde Ltd has been waiting for the government's permission to sign a Nomgon IX production sharing contract.      

Keywords: copper, Kharmagtai, Xanadu   The Official Gazette /page 11/


online story  

Number of domestic tourists reached more than 2 million in 2017

Summary:

The number of domestic tourists in Mongolia has been continually growing from year-to-year, reaching more than two million in 2017. This number indicates that local residents have become an active part of the tourism industry, alongside an  increasing number of inbound tourists visiting Mongolia. In 2017, the number of foreign tourists that arrived in Mongolia totaled 470,000 and the tourism industry generated approximately 400 million USD in revenue. In 2017, Aglag Buteel Temple and Gorkhi Terelj National Park both had roughly 500,000 visitors.        

Keywords: domestic tourism, outbound tourism     www.ikon.mn


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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 15000 · Mongolia