Rio Tinto Ltd on Friday signed an agreement with Mongolia’s environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine.
Between 2022 and 2026, the Anglo-American miner’s local

The Central Bank of Mongolia  decided to increase the policy interest rate by 1 percentage point to 10% on the existing basis. The decision is aimed to stabilize the inflation expectation of Mongolia in the medium term, promote the internal

The revenues of hotels rated between 3 to 5 stars in Mongolia has risen by more than MNT 31.6 billion or 89.3 percent till the end of April 2022. As for regular hotels in Mongolia, the revenue increased to MNT

Elixir Energy Ltd  was as much as 30.44 percent higher on entering a memorandum of understanding (MoU) with Japanese renewable energy company SoftBank Energy Corp to cooperate on research and development for its green hydrogen production project in the Gobi

The prices of imported Mongolian coking coal extended the rise as an optimism grew along with higher ceiling prices of a tender issued by a large state-run coke firm in Inner Mongolia.

On 7 June, the major coke firm asked for

The Bank of Mongolia  purchased six tons of gold from legal entities and individuals in the first five months of this year. The bank’s average gold purchase price was MNT 193,114 per gram as of May.

Due to the COVID-19 pandemic

The World Bank Board of Executive Directors today approved a credit of USD 40.7 million from the International Development Association  to help Mongolia improve online public services to citizens and businesses, boost digital skills training, and increase digital-enabled jobs.

The Smart Government

Mongolia  has decided to exempt import tariffs for certain food products until the end of this year in order to ensure their supply and price stability.

The government approved a list of certain food products such as sugar, vegetable oil and