VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2010) - Prophecy Resource Corp. reports it has signed an agreement securing the loading of and the capacity to transport 1.5 million tonnes of coal annually through Mongolia's Sukhbaatar Railroad Station (Trans-Mongolian Railway) with the option to increase capacity based on availability.
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http://www.marketwire.com/
Ivanhoe points Rudd to Mongolia mine tax
May 25 (Trading Room - Australia) The Rudd government should take heed of Mongolia's failed attempt to impose a hefty windfall profits tax on mining companies, Ivanhoe Australia Ltd says.
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Peter Reeve, chief executive of Ivanhoe Mines' Australian arm, said domestic miners felt "kicked in the teeth" by the heavy-handed Resources Super Profit Tax proposal.
He says the federal government should take heed from Mongolia's windfall tax experience.
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Ratings agency Moody's last week said the federal government should note that mining exploration in the African nation of Zambia fell following a large rise in resource taxes in 2008.
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PriceWaterhouseCoopers Australian and Global Mining Leader Tim Goldsmith said on Tuesday that taxation could be "a tremendous lever in determining a country's attractiveness as an investment destination".
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http://www.tradingroom.com.au/
Parliament Adopts National Reform Plan for Livestock
May 25 (UB Post) Mongolian parliament last week adopted a national reform plan worth MNT1.4 trillion for the entire livestock industry.
According to the government-level program called “Mongol Mal” or National Livestock Program, more attention would be given to restore and preservation of quality of the core structure, selective breeding of the livestock industry, main backbone of the economy, and veterinary services of international standard to prevent and combat infectious diseases.
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http://ubpost.mongolnews.mn/
Trade Union Urges Gov’t to Stop Manpower Export
May 25 (UB Post) Trade Unions last week appealed the government not to send migrant workers to South Korea as the country’s major mining projects would soon create tens of thousands of homeland jobs.
Thousands of Mongolians lined up last week at the outside of Ulaanbaatar’s social insurance offices, hoping to get job that will be paid by the minimum wage of Korean government standard, around US$1,000 a month. More than 20,000 applicants got registered in few days for the vacant position of 3,100 jobs in South Korea’s small and medium sized enterprises.
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http://ubpost.mongolnews.mn/
Global
CANADA STOCKS-TSX may open lower on weaker commodity prices
May 25 (Reuters) - Toronto's main stock index is expected to open lower on Tuesday as commodity prices were hammered by worries over Europe's banking sector and North Korea's threatened military action against the South.
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Industrial metals slid on Tuesday, with copper falling more nearly 3 percent on the back of a stronger dollar and worries the euro zone debt crisis could derail the region's already-fragile economic recovery. [MET/L]
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http://uk.reuters.com/article/
Bold move from Ivanhoe despite tax uncertainty
May 26 (Business Day - Australia) IVANHOE Australia is no fan of the Rudd government's proposed 40 per cent resource rent tax. But it is the first of the shell-shocked resource companies to commit to a ''new'' mine, despite the uncertainties surrounding implementation and the eventual form of the controversial tax.
Thanks to a deal with Canada's Barrick, Ivanhoe can fast-track the development of its super-high-grade Little Wizard and Merlin molybdenum/rhenium mines in north Queensland, with first production in 2011 and 2012 respectively - beating the planned start to the tax of July 1, 2012.
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http://www.businessday.com.au/
Culture, Sports, Science, ...
World Harmony Run in Mongolia
ULANBATOR, May 25 (Xinhua) -- Having covered thousands of kilometers through Japan, South Korea and China, the World Harmony Run Torch arrived in Mongolia.
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http://news.xinhuanet.com/
Belarusian and Mongolian scientists to cooperate in materials science
MINSK, 24 May (BelTA) – Specialists of the materials science center of the National Academy of Sciences of Belarus and the Institute of Physics of the Academy of Sciences of Mongolia are expected to implement a number of joint research projects, BelTA learned from Alexander Zubets, the academic secretary of the materials science research center.
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http://law.by/work/englportal.nsf/0/1533BE5EFF235992C225772D0049D406?OpenDocument
First Chinese book fair held in Mongolia
ULAN BATOR, May 24 (Xinhua) -- Introducing Mongolians to China and its culture is the goal of the first Chinese Book and Textbook Fair, which opened on Monday at the National University of Mongolia.
http://law.by/work/englportal.
First Chinese book fair held in Mongolia
ULAN BATOR, May 24 (Xinhua) -- Introducing Mongolians to China and its culture is the goal of the first Chinese Book and Textbook Fair, which opened on Monday at the National University of Mongolia.
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http://news.xinhuanet.com/english2010/china/2010-05/25/c_13313213.htm
Mongolian Cultural Days in New York
May 25 (UB Post) Mongolians has celebrating a Mongolian cultural days in New York, USA in every year, since last 10 years. The Mongolian cultural days is being held in New York from May 19 to June 19, 2010. During the festival, so many measures are being organized.
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http://ubpost.mongolnews.mn/index.php?option=com_content&task=view&id=4875&Itemid=45
http://news.xinhuanet.com/
Mongolian Cultural Days in New York
May 25 (UB Post) Mongolians has celebrating a Mongolian cultural days in New York, USA in every year, since last 10 years. The Mongolian cultural days is being held in New York from May 19 to June 19, 2010. During the festival, so many measures are being organized.
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http://ubpost.mongolnews.mn/
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