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Yearbook 2007

Mongolia. According to CountryAAH, six years after Canadian mining company Ivanhoe Mines found large copper and gold deposits at Oyu Tolgoi in the Gobi Desert, the Mongolian government signed an agreement with the company to open a mine there. Under the agreement, the state must own 34 percent of the mine. However, the ratification of the agreement necessary for it to enter into force was postponed due to doubts in Parliament as to whether the contract is sufficiently favorable to Mongolia. After many decades of Soviet exploitation of the country's natural resources and a painful transition to market economy, there is widespread skepticism in the Mongolian society towards foreign economic interests.

2007 Mongolia

After less than two years in power, Prime Minister Miyeegombo Enchbold was dismissed as chairman of the former Communist Party Mongolian People's Revolutionary Party (MPRP) at its October congress. The dismissal was explained with a lack of performance. Ten days later, Enchbold resigned as head of government. He was replaced on both posts by Sanj Bayar.

Mongolia - Ulaanbaatar


Ulaanbaatar, also Ulan Bator, until 1924 Urga, the capital of Mongolia; 1. 4 million residents (2019). Ulaanbaatar is located on the Tuul River, just over 1,300 meters above sea level, and is an important center for business and culture with universities and professional colleges. The city, which grew very rapidly during the first half of the 1990s, accounts for half of the country's industrial production and is almost ten times larger than the country's second largest city. Ulaanbaatar is located on the railway between Irkutsk and Beijing, has an international airport and is the hub of the country's road network.

The city was founded in 1639 as the center of Mongolian Lamaism, then under the name Örgöö, of which the western form Urga. Between 1706 and 1911 it was called Ikh khuree ('the Great Monastery'). From the mid-1700s, the city was the residence of the Chinese governor of Outer Mongolia, and in 1911–24, then as Nisjlel khuree ("Capital Monastery "), of the theocratic monarch Bogdo Gegen. As the capital of the People's Republic of Mongolia, it was then renamed Ulaanbaatar ("Red Hero").


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