On 8 May, Finance Minister B.Javkhlan met with newly appointed International Monetary Fund (IMF) Resident Representative in Mongolia Tigran Poghosyan, who is in Mongolia on a two-week study visit.

The sides exchanged views on the current economic situation in Mongolia the intensification

Oyu Tolgoi, in southern Mongolia just north of the Chinese border, is key to Rio’s efforts to move beyond its dependence on iron ore and expand in copper, the metal that underpins the clean energy transition.

As demand for copper surges,

Mongolia’s total imports and exports expanded 50.4 percent year on year to USD 7.7 billion in the first four months of 2023.

Mongolia registered a surplus in foreign trade balance as exports exceeded imports by around USD 2.4 billion, mainly due

The Central Bank of Mongolia purchased 998.7 kg of precious metals in April, increasing the total volume of purchased precious metals to 3.2 tonnes this year.

The branches of the Central Bank of Mongolia in Bayankhongor and Darkhan-Uul provinces have purchased

Oil and gas explorer TMK Energy has drilled to a depth of 375m and hit about 60m of coal at the company’s first production well – Lucky Fox-1 – at its coal seam gas Gurvantes XXXV project in Mongolia’s South

Fitch Ratings has assigned coal producer Mongolian Mining Corporation’s (MMC) proposed US dollar notes a ‘B’ rating with an expected Recovery Rating of ‘RR4’. The proposed notes will be issued by MMC and its wholly owned subsidiary Energy Resources LLC,

Mongolia’s first oil refinery, built and funded with Indian assistance, will be completed by 2025, said the country’s Ambassador D.Ganbold. In an interview, he said the first stage of Mongol Oil Refinery, built with a USD 1.2 billion Indian soft

China’s massive coal imports last month included record purchases from Russia and Mongolia and a significant increase in cargoes from Australia, according to the latest Chinese customs data.

Moscow has emerged as a significant supplier after the invasion of Ukraine, and Russia’s