Economic Archives - Page 32 of 94 - News.MN

SouthGobi Resources suspends mining operations

Mongolian coal producer SouthGobi Resources Ltd. has been forced to suspend mining operations from this month after an outbreak of Covid-19 closed the border to its customers in China, the company said in a statement on Tuesday.
Mongolia has seen coal

ETT manages to ship 15.5 million tons of coal amid pandemic

Erdenes Tavan Tolgoi (ETT), one of Mongolia’s largest mining companies, still managed to ship an impressive 15.5 million tons of coal, earning MNT 1.68 trillion, including MNT 1.5 trillion in sales revenue amid chaos of interrupted supply chain procedures due

UB to implement electric public transport project with support of EBRD

The EBRD began its operations in Mongolia with the sponsoring of banks and other financial entities—such as XacBank, Khanbank and Transcapital—that became involved in its Trade Facilitation Programme. By now, the EBRD has a presence in many sectors of the country’s

Mongolian export to China declined by 39 percent

China’s coking coal imports slowed in September from August on limited Mongolian supplies, but non-Australian seaborne imports remained above 2020 levels led by record US arrivals.
China imported 4.35 million tonnes of coking coal in September, down by 35pc from a

Golomt Bank introduces “Turkish Lira” currency

Golomt Bank has introduced “Turkish Lira” currency (TRY) into their international payment system establishing correspondent relationship with İş Bank of the Republic of Turkey with the purpose to offer wider range of foreign currency remittance services for its’ customers. This