Number of View: 1795 By Michael Kohn March 4, 2013 ULAN BATOR (Bloomberg) Mongolia’s businesses could face a “catastrophe,” if Rio Tinto (RIO) Group and the government cannot resolve a dispute over funding the Oyu Tolgoi copper and gold mine, the deputy minister for economic development said. While the ... Continue Reading
Journalist, Travel Writer, Author
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Number of View: 1684 Michael Kohn February 6, 2013 ULAN BATOR (Bloomberg) The yield on Mongolia’s global sovereign notes rose to the highest since the debt was sold in November as the government battles for control over a mining contract with Rio Tinto Group, the nation’s biggest investor. The yield on t ... Continue Reading
Number of View: 3353By Michael Kohn January 14, 2013 ULAN BATOR (Bloomberg) Mongolian economic growth slowed last year to 12.3 percent after moderating expansion in China curbed demand for its exports of coal. Gross domestic product, as measured by production, grew last year to 13.9 trillion tugrik ($10 billion), the ... Continue Reading
Number of View: 992By Michael Kohn January 11, 2013 ULAN BATOR (Bloomberg) Yum! Brands Inc. (YUM) will open its first KFC restaurant in Mongolia, Asia’s fastest-growing economy, this year with conglomerate Tavan Bogd Group, the Ulan Bator-based company said. Tavan Bogd, whose businesses include distributing Volkswag ... Continue Reading
Number of View: 2057By Michael Kohn December 9, 2012 ULAN BATOR (AFP) On the streets of Ulan Bator a people renowned for their horse riding skills have to contend every day with ever more Hummers, Land Cruisers and Range Rovers. Mongolia’s vast open steppes and deserts stretch for hundreds upon hundreds of kilometers ... Continue Reading
Number of View: 2934By Michael Kohn December 3, 2012 SALKHIT, Mongolia (New York Times) – On a desolate, wind-raked hilltop not far from the Mongolian capital, white-helmeted workers were busily lifting, tugging and erecting 80-meter poles and fitting them with enormous pinwheel-like turbines in Mongolia’s fir ... Continue Reading
Number of View: 1646By Michael Kohn November 4, 2012 ULAN BATOR, Mongolia (AFP) – Deep in the heart of the Gobi Desert in Mongolia amid a landscape of sand dunes and ice canyons, one of the world’s biggest copper mines is about to come on stream. Anglo-Australian miner Rio Tinto and Canada’s Turquoise ... Continue Reading
Number of View: 1068Michael Kohn in Ulan Bator Monday, 29 October, 2012 It’s Friday night at the Grand Khaan Irish Pub and the house band is covering an Eric Clapton song, the waitresses are delivering pints of beer to patrons and thick clouds of cigarette smoke are wafting into the rafters. It’s a familiar ... Continue Reading
Number of View: 1739By Michael Kohn ULAN BATOR | Tue Oct 16, 2012 4:00am EDT (Reuters) – The state-owned developer of the huge Tavan Tolgoi coal deposit in Mongolia has invited U.S. miner Peabody Energy (BTU.N) to help build infrastructure and be a temporary mine contractor on the project ahead of a much-delayed ... Continue Reading
Number of View: 2378By Michael Kohn Monday, Oct 15, 2012 ULAN BATOR (AFP) – Mongolia’s capital has removed its last statue of Lenin, one of the final vestiges of the country’s longtime alliance with the Soviet Union as it forges ever-closer links to the West and China. Ulan Bator’s Mayor Bat-Uul Erdene ... Continue Reading