The Asian Development Bank approved a USD 448 million investment program to support green and inclusive development of Mongolia’s provinces and soums.

The Green Regional Development Investment Program will promote a transformative model for green territorial development and green urban–rural linkages.

Mongolia’s economy can grow 7 percent this year on the condition that China achieves its target for a 5 percent expansion in gross domestic product, according to Economy and Development Minister Ch.Khurelbaatar.

China’s rapid economic growth is very beneficial for Mongolia

A revenue of Mongolian Mining Corporation increased significantly by 197 percent to USD 546.2 million in 2022. Total sales volume was 4.7 million tonnes of coal products, an increase of 194 percent from the previous year’s 1.6 million tonnes.
With increased

Aspire Mining Ltd has moved closer to bringing its Mongolian coal projects to production through the appointment of highly experienced mining executive Michael Avery as chairman of the Board of Directors.

The company, which holds 100 percent of the world-class Ovoot

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