Mongolia has boosted coal exports to over 30 million tonnes this year. A total of 30,295,500 tonnes of coal have been exported since the beginning of 2022, which is 90% more than last year.
Frequent lockdowns along the China-Mongolia border due to
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.
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,
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