covermongolia-blog

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

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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 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.