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

On Friday, December 9, 2022, the Financial Regulatory Commission (FRC) approved the listing of ordinary shares of Khan Bank LLC as securities for initial public offering (IPO).

In accordance with the Banking Law and procedures for the reorganization of banks as

On November 11, 2022, the Parliament approved the Law on Amendments to the Personal Income Tax Law. The new law will be enforced from January 1, 2023. Therefore, Mongolians will pay 

-10 percent taxes if he/she earns up to MNT 120

On 9 December is shaping up to be a big day for Jakob Stausholm. Just ahead of his two-year anniversary as Rio Tinto’s chief executive, he will learn the fate of the mining giant’s tortuous efforts to buy out minority

The Mongolian government has repaid in full its inaugural USD 1.5 billion Chinggis bond in a bid to manage its debt profile.

Mongolia’s central bank governor said keeping debt under control is the main focus right now amid a worsening foreign

Mongolia’s central bank purchased a total of 19.9 tonnes of gold in the first 11 months of this year from legal entities and individuals.
As of November, the Bank of Mongolia’s average gold purchase price had been 197,545 Mongolian tugriks (57.7

The Asian Development Bank (ADB) and the Government of Mongolia inaugurated a grid-connected renewable hybrid energy system in Zavkhan province. The system includes a 5 megawatt solar photovoltaic and 3.6 megawatt-hour battery energy storage system (BESS), along with an advanced