Economic Archives - Page 3 of 22 - News.MN

Tuesday

2019/06/17

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Mongolian truckers strike at Chinese border

Mongolian truck companies engaged in coal transport from the Tavan Tolgoi coal mine to the Gashuunsukhait border crossing went on strike on 6 May, demanding an increase in transport services fees.

Currently, there are more than 170 companies engaged in coal

60,000 Mongolians employed in small-scale gold mining

With twenty per cent of the world’s gold supply produced by artisanal and small-scale miners, urgent action is needed to reduce the environmental impact of the sector, as well as to protect the health and wellbeing of the millions of

Forbes Mongolia Awards 2019

‘Forbes’, the leading international business magazine, has been published officially in Mongolia since 2012. This year, the magazine organised the ‘Forbes Mongolia Awards 2019’ aimed at awarding the best entrepreneurs in the Mongolian business sector. The awards ceremony was held

Gold purchase concerns at Mongolia’s Central Bank

The Mongolian Central Bank bought a total of 1.6 tons of gold from legal entities and individuals in the first four months of 2019. The figure represents a fall  of 48 percent compared with the same period last year.

This significant

China and Mongolia sign major infrastructure deal

China and Mongolia have signed a cooperation plan on promoting the alignment of the China-proposed Belt and Road Initiative (BRI) with Mongolia’s Development Road Programme. The signing ceremony took place in Beijing on Thursday 25 April.

Chinese President Xi Jinping and

Oyu Tolgoi – performance snapshot

The Oyu Tolgoi copper and gold mining complex, released the latest edition of its scorecard on 23 April, providing its performance for first quarter of 2019.

-Copper production reached 45,800 tonnes; an increase of 18.2 percent on the first quarter of

BRI will clear doubts as it progresses

Editor’s Note: Doubts have again been raised over the Belt and Road Initiative’s goals, with some calling it a “debt trap” for participating countries and China’s “geopolitical expansion tool”. Why are anti-China elements using such ploys to malign China? And