Mongolia has been identified by the International Monetary Fund (IMF) as one of the 29 developing countries that are rich in natural resources, and the exploration of coal and copper deposits is generating a significant amount of extra revenue. Mongolia primarily mines coal,

In a bid to spur green and renewable energy projects in Mongolia, IFC is investing in a green bond to be issued by the country’s largest commercial financial institution, Khan Bank, which is the first-ever green bond to be issued

Today (15 March), The Bank of Mongolia announced that the bank’s monetary policy council has decided to keep the benchmark interest rate unchanged at 13 percent.

The council made the decision given the current situation and prospects for the economy and

The Prime Minister of Mongolia, L.Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert.

This was followed by a ceremony with

ION Energy Ltd. told investors it has restarted water well drilling at the Urgakh Naran lithium project, in Mongolia.

The company, which aims to specialise in lithium brine exploration and development, in a statement said that three water wells have so

Jade Gas Holdings Ltd. will explore for natural gas in the south Gobi region of Mongolia.

During the 2023 exploration program, the company will drill four exploration wells targeting three coal seams of interest in the northern extension of the Red

Moody’s has affirmed today the Government of Mongolia’s long-term B3 issuer and foreign currency senior unsecured bond ratings and maintained the stable outlook. The short-term issuer ratings are affirmed at Not Prime.

Mongolia’s B3 rating balances elevated liquidity and external risks

Sinomine Resources Group, a leading Chinese supplier of battery-grade lithium fluoride, plans to buy a majority stake in a lithium ore mine in Mongolia to further improve its lithium resources.

Sinomine intends to purchase a 51 percent stake in a lithium