Economic Archives - News.MN

Joint stock companies will distribute 480 billion MNT dividends

Mongolian Financial Regulatory Commission has informed that totally 35 joint stock companies will distribute 480.24 billion MNT dividends to their shareholders this year.

According to Clause 46.5 of the Company Law, Board of Directors of joint stock company has to decide

Erdene starts Mongolia’s Bayan Khundii gold project construction

Erdene Resource Development has initiated full construction at the Bayan Khundii Gold Project, a high-grade, open-pit gold mine in south-western Mongolia.
This follows a strategic alliance agreement (SAA) with MMC to develop the Khundii Minerals District, signed on 10 January 2023.

The

Mongolia’s GDP grows by 6.8 percent in 2023

Mongolia’s GDP grew by 6.8 percent in 2023, which “is high growth not only in the region but also in the world,” said Minister of Economy and Development Ch.Khurelbaatar on Monday, citing a preliminary estimate.

The private sector and investors are

The banking assets increased by 5.6%

The volume of cash in circulation in Mongolia grew by 5.7% by the end of December 2023 compared to the previous year, the National Statistics Office announced on Thursday.

The total assets of the banking sector of Mongolia amounted to 28.7

Xanadu adds copper-nickel project to Mongolian operations

Xanadu Mines has entered into a binding term sheet to earn up to 80 per cent of the Sant Tolgoi project in Mongolia which hosts multiple shallow copper-nickel targets over several kilometres of strike.
The deal adds to the company’s already