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

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

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

Mongolia’s foreign trade turnover increased by 57 percent year on year to USD 5.7 billion  in the first quarter of 2023, Mongolian Customs General Administration reported.

Mongolia registered a foreign trade surplus of about 1.8 billion dollars in the first quarter,

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

The central bank of Mongolia or Mongolbank purchased a total of 22.9 tonnes of gold in 2022 from legal entities and individuals, up 10 percent from the previous year.

As of December, the central bank’s average gold purchase price had been