Economic Archives - Page 13 of 96 - News.MN

Coal seam gas project in Mongolia’s South Gobi Basin

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 assigns Mongolian Mining’s proposed USD Notes ‘B’

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 to be completed by 2025

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 imports 5.8-million tons of coal from Mongolia

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

Mongolia to sell all coal via stock exchange in 2025

The Mongolian government approved the law on mining stock exchange. It will enter into force from 1 July. Therefore, Mongolia plans to sell 50-60 percent of coal through stock exchange.

The coal will be sold on the basis of Mongolian Stock

The number of account holders reached 2.4 million people

A total of 595 organizations operated on the securities market in 2022, and the number of account holders reached 2.4 million people.

The report of the Financial Regulatory Commission for 2022 was published, which shows that the total volume of securities

WeChat Pay is now available in Mongolia

WeChat Pay, a mobile payment service run by China’s tech giant Tencent, is now available in Mongolia, Mongolia’s state-owned television MNB reported Tuesday, citing financial company Sendly.

“Our company has become the official partner of Tencent’s WeChat Pay in Mongolia,” Sendly