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In this position, Marco Pires will be responsible for the Hugo North Lift 1 Underground project.

Few days ago S.Ganbaatar, MP, voluntarily handed over his leadership of HUN (National Labor Party). Apparently, there was a reason behind it.

The amount which wasn’t clarified is withheld from the company’s account. US$1.2 million account has been frozen at Mongolian account.

The forum was closed by the remarks of the Parliament speaker Z.Enkhbold who wished well for the next Government to come.

On occasion of 830th anniversary of birth of Ogedei khan, the Central bank of Mongolia coined 2.500 silver coins with the Khaan’s portrait at the request of the Mongolian coin research association. The coins were minted at Coin Invest Trust.

Despite the decree to launch a non-regular session of the Parliament to start on March 29 with 4 items in the agenda, the Speaker had to close the non-regular session.

1079 special licenses covering total of 5.54 million hectares were issued to the applicants which is about 26.5% of total area for exploration.

Every year we gather here at the economic forum and discuss the issues that we are facing and come up with the decisions. Mongolians, who deliver their critics to the government, deliver their opinions and ideas to President as well.

The International marathon “Ulaanbaatar 2016” shall be taking place in June informed the officials of the “Friendly Ulaanbaatar”.

During the Foreign Exchange Auction held on March 29th, 2016, commercial banks bid MNT2048.52-MNT2051.65 for USD11.1 million and MNT313.30-MNT314.50 for CNY51.7 million. The BOM sold CNY 21.0 million in a closing rate of MNT314.20 and USD2.3 million in a closing rate of MNT2050.20.

Copper price decline, slowdown of Chinese economy impacts to Mongolia to a great extent but the Oyu Tolgoi phase II investment which shall be finalized in 2nd half of 2016 will bring more positive results including employment as well as attracting more foreign investment he said.

Two day event gathers over 1500 representatives of the state, private sector, academia, civil society organizations and media. The forum of this year runs under the title “Lessons, challenges, solutions”. The Forum was opened by Ch.Saikhanbileg, Prime Minister of Mongolia.

The demonstrators said “our rally reached out it audience as the Government recalled the issue on nuclear waste”.

The non regular session of the Parliament was scheduled to start at 9.00 today however due to incomplete quorum as MPP “silently” stand against the agenda, session of the Standing committee of Security and foreign policy was called.

The Election law defined that the local elections shall be organized on the same day with the Parliamentary election on June 29. And the maximum allowed amount for election campaign must be set 90 days prior of the elections.

Non regular session and the nuclear danger

Ikh Mongol avenue and Peace Bridge side roads would be repaired and expanded within the framework of the above planned work, while street lighting from the Yarmag bridge to the Chinggis Khaan International Airport would be renewed. Also, new street lights would be installed on the road along the Bogd Uul Mountain. All of this work is planned to commence on March 25.

Ministry of Industry announced an open tender for national companies and consortiums to invest and build the crude oil plant in Mongolia.

The General Election Committee held a meeting yesterday (March 23, 2016) and made decisions on some issues related to the preparations for upcoming Parliamentary elections.

The international event shall be organized on May 6-7, 2016 in Ulaanbaatar with attendance of the Prime Minister, Minister of Mines, Minister of Industry and the Minister in charge of the macro projects. CEOs of top 25 companies of Mongolia also to participate at the special invitation said L.Naranbaatar, the organizer of the forum.