Earlier today (6 May), the Mongolian Cabinet approved MNT 793 billion (USD 284 million) Covid-19 relief packages for supporting target groups such as children and elderly. The government also decided to raise monthly allowances for children to MNT 100 thousand

The Asian Development Bank (ADB) and the Mongolian government on Tuesday (4 May) signed a loan pact worth 40 million U.S. dollars, and a Japan Fund for Poverty Reduction (JFPR) grant worth 2 million U.S. dollars, to help modernize government-owned

Mongolian mining giant Oyu Tolgoi has released the latest edition of its Scorecard, highlighting key performance metrics for the first quarter of 2020, and provided an update on underground development, and prevention measures for Covid-19.

The company and employees have donated

Australian mining company TerraCom has moved ahead with its plans to exit Mongolia, inking a binding term sheet to divest of its Baruun Noyon Uul (BNU) coal mine for $2.

Under the terms of the agreement, Singapore-based buyer Bridge Resources will

The Central Bank of Mongolia or Mongol Bank purchased 1.4 tonnes of precious metals from individuals and enterprises in April. The Bank’s purchase has reached 6.7 tonnes of precious metals; 5.0 tonnes being of gold since 1 January. This represents

The U.S. government today announced the MNT8.3 billion ($3 million) expansion of the bilateral assistance agreement between the United States Agency for International Development (USAID) and Mongolia’s Ministry of Finance to continue projects and implement new programs that support good

When the coronavirus struck neighboring China, Mongolia was preparing for the February Lunar New Year, its biggest holiday of the year. It is a time when everyone puts on their very best traditional winter ‘deels’ as the national tunic is

The level of overdue loans and owed interest in the Mongolian banking system rose by MNT 120 billion to 6.7 percent of the total loan portfolio in the first quarter of 2020. The large sum of the outstanding loan stock