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

Rio Tinto Group will cancel $2.3 billion in debt owed by Mongolia as the miner seeks to push forward with expanding the giant Oyu Tolgoi copper project that’s been beset by years of disputes, delays and cost blowouts.

Rio’s Chief Executive Officer

Demand for coal is skyrocketing in China, which is driving new mining, coal stockpiling and widespread power cuts. This year, analysts estimate China will burn about 4 percent, or 160 million tons, more coal than the year before. First of

Turquoise Hill Resources Ltd. announced yesterday that, in light of the progress made in the ongoing negotiations between the Government of Mongolia, Rio Tinto and the Company, the Board of Directors of OT LLC approved a bridging budget of USD

Infosys Finacle, a world leader in the supply and service of artificial intelligence and software, organizes the “Infosys Finacle Innovation Awards-2021” annually. Golomt bank won the “COVID Response Innovation” category for SocialPay digital wallet and Robotic Process Automation (RPA) systems.

Mongolia’s top export destination during the period between January and October, 2021 was China, accounting for close to 86 percent of its total exports. China also accounted for 39.7 percent of Mongolia’s total imports, thus becoming the biggest import supplier