Mongolia-focused Steppe Gold is set to triple its annual production and elevate its status as the country’s largest and leading gold producer with the acquisition of Boroo Gold LLC.

In a press release Monday, Steppe said it has signed a binding

Imports from Mongolia, primarily coking coal, more than doubled in 2023 from a year ago, reaching 69.97 million tons, the Chinese customs data showed.

Importers of Russian and Mongolian coal must pay a most-favoured nation tariff rate of 3%-6% from this

Mongolia hopes to double its GDP-per-capita to USD 10,000 before the decade is out but that will require a huge ramp up in investments in its key mining and metals sector, the country’s Finance Minister B.Javkhalan said.

The landlocked and

Steppe Gold Ltd announced that it has entered into a turnkey engineering, procurement and construction (EPC) contract with Hexagon Build Engineering LLC for the Phase 2 Expansion at the ATO Gold Mine in Mongolia.

The precious metals producer said the contract amount

Mongolia’s capital account had a profit of USD 116.14 million from January to December 2023. According to the Bank of Mongolia, the balance of payments amounted to a profit of USD 963.5 million at the end of November 2023. This

Mongolian President U.Khurelsukh signed an agreement worth of  USD 1.7 billion investment by French government-owned Orano Mining in October 2023, during his visit to France. The agreement allows Orano to establish Mongolia’s first uranium mining and processing venture. For Mongolia’s

The Trade Development Bank became the first bank to reconnect Mongolia to the global payment system in US dollars.

Mongolia improved its rating by fully complying with 40 FATF recommendations last July. International payments were restored as a result. Previously, a

Mongolia is opening its door to foreign banks for the first time to support its developing banking sector, the country’s finance minister said.
The move will ensure the stability of the banking sector, “increasing access to finance and ensuring sustainable growth