The Central Bank of Mongolia or Mongolbank purchased 1.6 tons of gold in January. This represents that the amount of precious metal purchase increased by 312 kg compared with the same period of the previous year.

In January, the BoM branches

In 2021, Mongolia’s coking coal exports to China fell by almost 41 percent to 12.74 million tonnes, and coking coal imports accounted for 25.7 percent.

The Fengkuang report outlines that there is still great uncertainty on the future of the coking

Rio Tinto, a Toronto listed mining group, is once again going ahead with its most important growth project, the Oyu Tolgoi copper mine in Mongolia.

The project began after the company reached an agreement with the government of Mongolia, and solved

Rio Tinto PLC on Tuesday reported a fall in full-year production across all the commodities it produces, including iron ore, copper and aluminum.

Mined copper production from the open pit was 9 percent higher than 2020 with improved performance, temporary increase

Russia and Mongolia have adopted a declaration that sets clear targets in terms of boosting cooperation between the two countries, Russian President Vladimir Putin announced following talks with his Mongolian counterpart U.Khurelsukh late last month. The Treaty on Friendly Relations and

Mongolia exported 15.9 million tons of coal in 2021, down 44.3 percent from the previous year. The sharp drop is directly related to restrictions to contain the COVID-19 pandemic.

Coal is Mongolia’s main export commodity. Mongolia has planned to export at

China’s zero-Covid policy continues to result in prolonged closures of the Mongolia-China border, causing supply chain disruptions, higher inflation and goods shortages.

New coronavirus cases continue to arise in China’s Inner-Mongolia province and there is understandable nervousness over the advent of the new

Golomt bank has been named the Bank of the Year of Mongolia-2021 by The Banker, a well-known magazine in the international banking and financial sector. Golomt bank has received this prestigious award for the seventh time.
The Banker, a part of