Davis Polk advised Mongolian Mining Corporation (MMC) and Energy Resources LLC (ER), an indirect wholly owned subsidiary of MMC, in connection with a cash tender offer by ER to purchase up to USD 100 million in aggregate principal amount of

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.

Establishing

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

Mongolia’s central bank raised its benchmark interest rate to 13 percent. The increase brings the policy rate to its highest level since late 2017.

The interest rate hike aims to stabilize the rate of inflation in the medium term, maintain the

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