| November 22, 2006 |
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| By Luke Distelhorst | |
| Wednesday, 22 November 2006 | |
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Are there more than 50
strategic deposits in Mongolia?
The list of strategically important deposits, which is waiting for its turn to be discussed by the parliament and the Standing Committee will be determined soon. The Ministry of Industry and Trade has formulated a special method to estimate the mineral deposits and more than 700 deposits were classified by 10 parameters. 40 of them were accepted as strategically important, plus 10 mineral deposits which were proposed by citizens’ movements. These 50 deposits may be included in the list, but the final decision will be made by parliament. Deposits which are influence in state security, state and local economy, social development and which can supply more than 5% of GDP are included. (Unen) Illegal hunting and trade found 108 Mongolian saiga antelope horns were found from a heavy-duty truck ZIL 130, UBM 92-39, which was about to move from Chandmani soum, Khovd aimag to the southern border by officials from the inspection authority. G. Altangerel, a native Mongolian, is the owner of the truck. From results of the inspection made regarding the case, illegal hunting and trans-border trade by a group of 13 people was detected. They caused a damage amount of MNT 216 million to the faunal resources of Mongolia. Therefore, the “Irves-3”, team against illegal hunting, detected people who hunted female saiga and collected their guns, knives and bullets on the 4th of this month. (Daily News) Given information about Savings and Credit unions related cases The working group for checking Savings and Credit union’s wrong operations gave information to a Parliament session. Now, there are 28 SACU related cases which are being investigated. 19 cases with 4775 victims, 565 borrowers, MNT 44.78 billion in losses, said the report sent to the prosecutor. Three other cases were sent to the prosecutor the same day as well. Now three cases are under investigation. 1529 petitions and complaints from citizens and corporations have been received and investigated from June 22, 2006 to November 17, 2006. They also examined 22 Savings and Credits unions with the Tax Authority and Financial Regulatory Committee. (Unen) |







