Despite the fact that Mongolian Mining Corporation stock rose 10 percent last week, insiders who sold USD 791 thousand worth of stock in the previous 12 months are likely to be better off. Selling at an average price of USD

IMA (Institute of Management Accountants), one of the largest and most respected associations focused exclusively on the advancement of the management accounting profession, is proud to announce FinSight Academy as an IMA Silver Approved Review Course Provider (ARCP) in Mongolia.

FinSight Academy was

Mongolian coal companies are frustrated over the inability to move more coal into the soaring market. Therefore, a completion of Erdenes-Tavantolgoi (ETT) Tavantolgoi-Gashuunsukhait Railway was hailed. The project got together more than 600 enterprises and 5,000 workers.

The railway benefits from an

Mongolia is facing an increasingly serious foreign currency crunch, with foreign exchange reserves down 40 percent in August from a year earlier to USD 2.7 billion and the current account deficit ballooning. In addition, the tugrik has taken a beating due

Chinese coal traders are rushing to the small town of Ganqimaodu on the Mongolian border to cash in on imports as prices of the fuel have soared nearly 40 percent in a month after mine safety checks crimped supply while

This year, Mongolian Tugrik has fallen almost 15 percent against the US dollar. The declining currency has pushed up the cost of everyday goods for a country struggling to navigate global economic crisis.

According to the National Statistical Office,  inflation in

China imported 6.41 million  tonnes of coking coal in August, up by 5 percent from July and up 37 percent from a year earlier, according to Chinese customs data. January-August imports rose by 25 percent from a year earlier to

Mongolia’s foreign exchange reserves have shrunk to USD 2.6 billion U.S. at the end of August, down around USD 1.9 billion from the beginning of this year.

The significant decrease in the forex reserves is largely related to a current account