Ts. Nyamdorj, Parliament speakerь met with the President of the Chinese branch of the US ‘Peabody Energy’ company which is well-known in the world in coal extracting sector yesterday. The company official introduced that the company has been operating well for the indicators of usage of environment-friendly technology during extraction, rehabilitation of nature, local community efficiency and development and working place safety. Parliament Speaker stated that the most important thing is that it must be a project to be beneficial to Mongolia with respect to utilizing Mongolian natural resources and to be efficient to both sides, the company and Mongolia. (Centennial News)

If an election takes place tomorrow…

A research on public opinions conducted by the ‘Sant Maral’ foundation during October-November, 2006 for the Mongolian social, political and economic situations is now being introduced. 1,775 citizens of Ulaanbaatar, Khovd, Dornogovi, Dornod and Bayanhongor provinces were involved in the polling. The research covered the period from October 27 until November 3, 2006. The result of the research has been shown in comparison of Ulaanbaatar and countryside. In response of the question ‘If election takes place tomorrow, will you vote’ 52.8% in the countryside and 57% in Ulaanbaatar supported the vote and figures are shown in details in the tables. 34.1% said they would vote for the MPRP while only 29.2% said they would vote for the DP. (Today’s Mongolia)

Oil refinery factory to be built

Officials of the Mineral Resource and Petroleum Authority discussed the issue of establishing a 500 thousand ton capacity oil refinery at Tamsagbulag in 2012 at the recent meeting of Petroleum extracting companies and enterprises. Over 150 holes will be drilled at this site and there is a plan to extract 100 thousand tones of petroleum. By doing it, our country will be extracting petroleum and will be counted as an oil exporting country. Nowadays MNT 6 billion has been centralized from petroleum exports into the state budget. One barrel of oil costs US $58 on the international market. (Today’s Mongolia)