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

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