MPRP group in the Parliament met behind closed doors almost the whole day discussing about re-electing the vice head of the party party and choosing the candidates for the chairmanship of Standing Committees. The issue was postponed to Monday because the Parliament was busy discussing the budget last week.

DP group in the Parliament met yesterday to discuss about two major issues. The most discussed issue was about permitting MNT 100 billion worth Government bond after abolishing Zoos Bank and establishing the Government Bank. Central Bank’s President L.Purevdorj gave information on the issue. But the MPs agreed that more study and detailed calculation should be made. The group members also suggested revising the Government’s action to guarantee the cash inflows in commercial banks. The issue will be discussed and finalized by the Parliament today.

Clearly the infrastructure, especially the railway is the main part of mining operation. Since most of the mineral deposits are situated in southern Gobi regions of Mongolia, the railway issue is attracting even more attention than mining production. There are generally two solutions: putting railway from Ukhaa Khudag to Gashuunsukhait or from Sainshand to Dalanzadgad and connect it to the main railway terminal.

Press conference was organized by Energy Resource, MCS, Petrovis and Shunkhlai companies yesterday to give information about Ukhaa Khudag coal mine and the issue to construct railroad from Ukhaa Khudag to Gashuunsukhait port.

Vancouver-based Entree Gold has agreed to ASX-listed PacMag Gold for about C$47-million (A$49-million) in cash and shares, the firms announced on Sunday.