Mongolia’s first cryptocurrency was ArdCoin, which was issued by Ard Financial Group in January 2019. ArdCoin offered Mongolians the opportunity to exchange ArdCoin for Mongolian tughrik, US dollars or other cryptocurrencies such as Bitcoin and Ethereum. Having a homegrown coin also affords

A US judge said Rio Tinto Plc must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns at a Mongolian copper and gold mine owned by Turquoise Hill Resources Ltd, in which Rio

South Korea is seeking to strengthen cooperation with mineral-rich Mongolia, to lessen its reliance on China.

South Korean Foreign Minister Park Jin visited Mongolia 28-30 August, and met his Mongolian counterpart B.Battsetseg. During Park’s visit, the two nations agreed to actively

Today (31 August), Mongolian Cabinet held regular meeting with new structures and new Ministers. Ch.Khurelbaatar, Minister of Economy and Development announced the latest decisions of the Government.

The Government is on a path of tighter monetary policy aimed at bringing inflation, now running

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