Mongolia’s GDP grew by 6.8 percent in 2023, which “is high growth not only in the region but also in the world,” said Minister of Economy and Development Ch.Khurelbaatar on Monday, citing a preliminary estimate.

The private sector and investors are

Baikal-Transit LLC (Buryatia) will invest 1.8 billion rubles in the construction of a customs and logistics terminal in the area of Buryatia’s Naushki border railway station, which will increase Russia’s trade turnover with Mongolia and China.

The terminal will be a

The volume of cash in circulation in Mongolia grew by 5.7% by the end of December 2023 compared to the previous year, the National Statistics Office announced on Thursday.

The total assets of the banking sector of Mongolia amounted to 28.7

Xanadu Mines has entered into a binding term sheet to earn up to 80 per cent of the Sant Tolgoi project in Mongolia which hosts multiple shallow copper-nickel targets over several kilometres of strike.
The deal adds to the company’s already

Mongolia-focused Steppe Gold is set to triple its annual production and elevate its status as the country’s largest and leading gold producer with the acquisition of Boroo Gold LLC.

In a press release Monday, Steppe said it has signed a binding

Imports from Mongolia, primarily coking coal, more than doubled in 2023 from a year ago, reaching 69.97 million tons, the Chinese customs data showed.

Importers of Russian and Mongolian coal must pay a most-favoured nation tariff rate of 3%-6% from this

Mongolia hopes to double its GDP-per-capita to USD 10,000 before the decade is out but that will require a huge ramp up in investments in its key mining and metals sector, the country’s Finance Minister B.Javkhalan said.

The landlocked and

Steppe Gold Ltd announced that it has entered into a turnkey engineering, procurement and construction (EPC) contract with Hexagon Build Engineering LLC for the Phase 2 Expansion at the ATO Gold Mine in Mongolia.

The precious metals producer said the contract amount