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 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

On 22 October. a meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place

A long line of trucks outside the tiny coal town of Tsagaan Khad has been reduced to a trickle, held up by China and Mongolia’s strict coronavirus measures, leaving the drivers stranded without pay or company. Some 3,500 increasingly wretched

The Erenhot China-Mongolia border trading zone in north China’s Inner Mongolia Autonomous Region has closed after confirming one case of Covid-19 on 14 October. As for today, the Erenhot reported seven locally transmitted confirmed COVID-19 cases.

With a total investment of

Oyu Tolgoi’s underground expansion has been hamstrung by delays, development issues and cost overruns for years. Rio Tinto and Turquoise Hill Resources signed a development and financing plan with Mongolia in 2015 that provided basis for funding the project — but

Mongolia’s management of public finances has improved, but further reforms are needed in some areas to achieve international best practice standards, a recent World Bank assessment finds.

The recently completed Public Expenditure and Financial Accountability (PEFA) report, which assessed the performance of Mongolia’s

 
Golomt Bank, whose vision is “Mongolian’s Global Benchmark Bank”, achieved success, which noted as big achievement in Mongolian banking and financial sector and internal audit field.
The bank’s Internal audit function provided consulting service to foreign bank in 2018, performed co-sourced