M. Enkhbold, Prime Minister of Mongolia who is making an official visit to the People’s Republic of China made an official negotiation with Wen Jiabao Prime Minister of the Government’s Council of the PRC. After two hours of negotiation between the two governments both parties signed on eight documents. Agreements ranged from oil and mineral exploration to export/import tariffs and social reform. He said that the Government of Mongolia is running a policy to provide comfortable judicial environment and to support foreign investment in Mongolia in all ranges. (Today)

Ship sinks in Khuvsgul Lake

One ship sank in Khuvsgul Lake which is one of the purest water resources in the world about ten days ago. The bottom of the ship called ‘Dyubovksy’ under the name of A.A.Hutaev, a Russian citizen, had a hole while it was moored up at the beach of Khankh soum territory and when it sank the fuel of the ship spilled, spreading throughout the lake. Locals of Khankh soum had a shortage of drinking water and did not receive any feedback from the state, even if they informed relevant departments. Individuals and enterprises imported about ten ships from the Russian Federation for tourism but those ships are old and were not in use. Locals said that the Emergency authority did not know about it. (Daily News) 

China will give US $300 million for hydroelectric power station

On the first day of his visit to China, Prime Minister M. Enkhbold had an official negotiation with Wen Jiabao, the Prime Minister of State Council. During the negotiation which lasted for an hour, the contract on preferential credit amount of US $ 300 million for ‘Egiin gol’ hydroelectic power station was signed. M. Enkhbold took part in an opening of the  meeting between Mongolian and Chinese businessmen, and gave a speech on his second day in PRC. (Centennial News)