The Mongolian Copper Corporation (MCC) announced Wednesday it received a payment of USD 153.5 million from the Mongolian government for the Erdenet and Monros mines.

The payment stems from a longstanding dispute surrounding the 49% ownership of the Erdenet and Monros mines, which

Australian mining giant Rio Tinto has moved to take full control of Canadian copper miner Turquoise Hill in a deal worth USD 4.85 billion, solidifying its grip on one of the largest known copper and gold deposits in the world.

Rio

Ambassador of the European Union to Mongolia Axelle Nicaise and Minister of Finance B. Javhlan reinforced the partnership between the European Union and Mongolia, EU delegation to Mongolia.

They signed a document that supports the government policies in the fields of

The Asian Development Bank (ADB) has approved USD 100 million in emergency support to Mongolia to help it weather the impacts of economic shocks.

The Countercyclical Support Facility (CSF) loan agreement was signed by Pavit Ramachandran, the ADB’s country director for

Golomt Bank, a major player in the social and economic sector of Mongolia, has joined the PCI Security Standards Council /PCI SSC/ as a new participating organization. Thus, Golomt Bank will work with the PCI to help secure payment data

China’s Foreign Minister Wang Yi signed signed major energy agreements, including a pledge to advance the Erdeneburen hydroelectric power plant during a two-day state visit to Mongolia in early this month. This was Wang’s fourth official visit to Mongolia since he

Mongolia has harvested plenty of wheat and potatoes this autumn that can fully secure its domestic demand, according to the country’s ministry of food and agriculture.

According to the Ministry of Food, Agriculture and Light Industries, Mongolia will be able to

Rio Tinto upped its bid for Turquoise Hill, the majority owner of the Oyu Tolgoi copper mine in Mongolia. The 18 percent increase to 34 Canadian dollar per share of Turquoise Hill represented a 56 percent premium to the miner’s share price