J.Ganbat, The Plenipotentiary representative of “Erdenes Tavantolgoi” JSC said that since the audit report has been finalized, 256,000 MNT of shares will be paid to citizens from tomorrow.
The Cabinet decided to submit the draft resolution of the Parliament on measures regarding the shares of Erdenes Tavantolgoi. The shareholding structure of Erdenes Tavantolgoi JSC should be adjusted to allocate 34% of the total shares to Mongolian citizens. This
Mongolia’s central bank purchased a total of 16.1 tonnes of gold in the first 11 months of this year from legal entities and individuals. As of November, the Bank of Mongolia’s average gold purchase price had been MNT 219,514.35 (USD
AM Besthas assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) to Mongolian National Reinsurance JSC. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mongolian Re’s balance
On November 28, Mongolia priced a debt management exercise, funding a tender and the redemption of the USD 392.6 million bonds maturity in March 2024. The objectives of the transaction were to address near-term maturities, extend the duration of the nation’s debt stock; reduce cost; further