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

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

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

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