Economic Archives - Page 3 of 19 - News.MN

Sunday

2019/04/21

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

More Border Blues! Mongolian coal denied entry to China

Chinese Customs officials at the Urad Middle Banner, an administrative region in North China’s Inner Mongolia Autonomous Region, rejected 182 trucks containing 19,540 tonnes of “unqualified” Mongolia-origin coal during the period between last November 27 and March 9, according to

Ulaan Ovoo mine production and sales announced

Prophecy Development Corp announces Mongolian Ulaan Ovoo Mine start up in March and approximately 21,000 tonnes of coal production and sales. Multiple local and international consumers have expressed interest to buy Ulaan Ovoo coal.

With nameplate production capacity of 2 million

Mongolian Mortgage Corporation HFC’s $250 Million Bond Offering

Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50

World Bank delegation in Mongolia

Head of the Parliamentary Standing Committee on the State Budget, MP B.Choijilsuren today met with a delegation headed by Deepak Mishra, a specialist from the World Bank’s Macroeconomics, Trade, and Investment (MTI) Global Practice Division.

In the beginning of the meeting,

Mongolia completing infrastructure work for oil refinery

It is a well-known fact that Mongolia has substantial oil reserves, but up to the present, has no refining capacity, the result: the country exports all its crude oil and has to import imports its petroleum products. This will all

Petro Matad begins drilling in four wells in Toson Uul

Oil exploration company Petro Matad has started its 2019 Mongolian drilling programme.

The planned activity begins with four wells located in Block XX; this is  adjacent to the country’s main oil-producing area, the Toson Uul Graben in the Tamtsag Basin. Drilling

Mongolia’s exports rise by 30.4 percent

Exports from Mongolia jumped by 30.4 percent year-on-year – or USD 255.2 million – in first two months of 2019. This was mostly due to an increase in the sales of copper, coal as well as unprocessed gold. Gold export

Announcement of the DMUV Advisory Board

German-Mongolian Business Association (DMUV) is the largest bi-national business association in Mongolia with almost 100 company members. Since its founding in 1995, the structures of the association have evolved continuously, making it a valued partner in the promotion of commercial,