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

Golomt Bank has initiated an archaeology project entitled “The Genesis of Heritage and Culture” and signed a memorandum of cooperation with the Institute of Archaeology, Mongolian Academy of Sciences.

Archaeological findings are inseparably linked with the history, heritage, culture and customs

Since 2012, Mongolia has issued seven international bonds worth USD 5.2bn, with all but the first sovereign bond, the Chinggis Bond—named after founder of the Mongol Empire, Chinggis Khaan, or Genghis Khan—used to finance state budget deficits. It’s also a

In recent years, the comprehensive strategic partnership between Mongolia and China has developed rapidly, leading to accelerated investment and trade activities between the two countries. From the 5,800 legal entities with Chinese investment registered in Mongolia, 1,690 have stable operations and

Mongolia exported 11.1 million tons of coal in the first seven months of this year, reported Mongolian Customs General Administration. The figure marks a year-on-year increase of 11.2 percent.

Coal is the main export commodity of Mongolia, which is rich in

Rio Tinto has suffered another setback after its £2.2 biliion bid to take control of a Mongolian copper project was rebuffed.
The FTSE 100 miner said it was ‘disappointed’ its plan to buy the 49 percent stake in Canadian mineral explorer

It was a big deal when Mongolia — not long after a financial crisis — announced that it had recovered USD228 million in owed taxes from a multinational mining giant in 2019.
The case happened to be the initial fruits of a

The World Competitiveness Center based in Lausanne; Switzerland presented the “Global Competitiveness Report 2022”. The Economic Policy and Competitiveness Research Center (EPCRC) of Mongolia is the organization’s official partner in Mongolia, and together with sending the information on Mongolia every