Saikhanbileg appointed as new Mongolian prime minister

ULAN BATOR (Reuters) - Mongolia's parliament has appointed Chimed Saikhanbileg as prime minister, the foreign ministry said on Friday. Saikhanbileg replaces Norov Altankhuyag, who was removed from his post on Nov. 5 amid concerns about a serious economic downturn in the landlocked Asian country, which depends heavily on foreign mining investment and commodity prices. (Reporting by Terrence Edwards, Writing by David Stanway)