Economic Archives - News.MN

Mongolia’s economy shrinks for first time since 2009

Mongolia’s gross domestic product (GDP) fell by 5.3 percent in 2020 year on year – the first contraction since 2009, said the National Statistics Office (NSO) on Wednesday.
The Mongolian economy was valued at 37 trillion Mongolian Tugriks (12.9 billion U.S.

‘Lucky’ number plate sold for MNT427 million

A vehicle registration plate, also known as a number plate, license plate, is a metal or plastic plate attached to a motor vehicle or trailer for official identification purposes. All countries require registration plates for road vehicles such as cars,

Drama at Mongolia’s largest gold and copper project

Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it

Talon Petroleum secures 35 percent in Mongolian CBM project

Talon Petroleum (TPD) has secured an option to earn a 35 percent interest in the proposed Gurvantes XXXV Production Sharing Agreement (PSA) in Mongolia.
The company has signed an agreement with Telman Resources, which holds a coal bed methane (CBM) prospecting

Central Bank of Mongolia purchases 1.35 tons of precious metals

The Central Bank of Mongolia purchased 1.35 tons of precious metals in January, 2021, showing an increase of 750 kg compared to the same period of the previous year.
The branches of the bank in Darkhan-Uul and Bayankhongor provinces bought 15.7

Mongolia to support young families with mortgages

The Mongolian government is to provide all possible support to implement the policy ofproviding housing for young people and young families.
Prime Minister L.Oyun-Erdene raised the issueduring a meeting with representatives of public and private organizations operating in the construction