Economic Archives - Page 24 of 95 - News.MN

Mongolia to meet its domestic wheat and potatoes demands

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 raises bid for owner of massive Mongolian copper mine

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

Mongolia issues seven international bonds since 2012

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

The 5,800 legal entities with Chinese investment registered in Mongolia

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 exports 11.1 million tons of coal

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 suffers another setback

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

Tax victory in Mongolia

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