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.
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
Member of Parliament Batbold Sukhbaatar has received the management of local health centers of Govisumber and Dundgovi provinces. During the meeting, he expressed gratitude to the doctors and medical staff who are protecting the health of the people in the
Before end of December, 2021, the Ulaanbaatar municipal organisation offices are to move to the New Yarmag Centre in the Khan-Uul District of the capital, said Major D.Sumiyabazar. The citizens council of representatives of Ulaanbaatar city approved MNT 1.5 billion
Golomt Bank, a staunch supporter of education and an investor for a brighter future, has announced the best students of the scholarship program, which is organized annually. The scholarship program has been announcing for 17th year, and the award ceremony
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