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

Mongolia, the biggest supplier of coal to China’s steel industry, is changing the way it sells its product in a bid to improve transparency and reap better returns from its top export earner.

Hit by a scandal last year that saw

Mongolia’s annual inflation rate fell to 12.3 percent in January by 0.9 percent from previous month.

The inflation rate in Mongolia peaked at 16.1 percent last June due to higher prices for imports. The figure has been gradually decreasing ever since.

There

The Mongolian government decided to establish an agency for investment and trade to attract more foreign investors.

The agency is committed to attracting foreign investment, protecting legal interests of investors, and developing trade in Mongolia

Mongolia is rich in natural resources, and

Parabellum Resources has flagged strong intersections of up to 4.1 percent total rare earth oxide (TREO) mineralisation from its 2022 drilling program at the Khotgor project in Mongolia. The core from three holes is being stored as whole core for

Starting from February, Mongolia’s largest state-owned coal enterprises, Erdenes-Tavantolgoi JSC, will stop signing direct sales agreement with Chinese buyers. Instead, the company’s coal will be auctioned on the Mongolia Stock Exchange, which will increase transparency and ultimately bring higher returns

BC Card, the financial services wing of South Korea’s major telecom company KT, will work with the central bank of Mongolia to establish a payment linkage system between South Korea and Mongolia. Mongolians can use their national payment system using