J.Ganbat, The Plenipotentiary representative of “Erdenes Tavantolgoi” JSC said that since the audit report has been finalized, 256,000 MNT of shares will be paid to citizens from tomorrow.
Today (22 December), Australian Jade Gas has signed a memorandum of understanding (MoU) to supply gas from its TTCBM project in Mongolia to power Xanadu Mines’ Kharmagtai copper-gold development.
Xanadu is developing copper-gold porphyry deposits in the south of Mongolia, with
The European Bank for Reconstruction and Development (EBRD) is improving the flexibility and reliability of the electrical grid in Mongolia and increasing its ability to absorb energy produced by renewable sources.
An EBRD sovereign loan of up to 62.8 million dollar and capital
Mongolia has an opportunity to strengthen its business environment to create a more level-playing field for companies, particularly small and medium enterprises, (SMEs) and facilitate a more productive private sector beyond the mining sector, according to a World Bank report.
Khan Bank has successfully concluded financing agreements with two funds managed by Developing World Markets (DWM) for 12 million USD and long-term financing agreements with four funds managed by responsAbility Investments AG for 8 million USD, obtaining a total of
For the ninth day, Mongolians are protesting at Sukhbaatar square against the “coal mafia”, led by ex-President Kh.Battulga who have apparently robbed the public purse of billions of dollars. Today (12 December), Mongolian Cabinet has held irregular meeting and Kh.Nyambaatar,
Shareholders of Turquoise Hill have accepted Rio Tinto’s USD 3.3 billion bid to buy all of the shares in the Canadian miner it did not already own, drawing to a close a tumultuous takeover battle that at times appeared on
Mongolia’s foreign trade turnover grow 26.6 percent year on year to USD 19 billion in the first 11 months of this year, according to the Mongolian Customs General Administration (MCGA).
Mongolia registered a surplus in foreign trade balance as exports exceeded