Economic Archives - Page 35 of 94 - News.MN

Mongolia’s coal export to China soars

The steady decline in Mongolia’s exports of coal for all uses since June ended last month, with August exports soaring by 61.4% on month to 1 million tonnes, thanks to the recovery of truck transportation through key checkpoints on the

The MSE Top 20 Index gains almost 130% in 2021

The MSE Top 20 Index, which tracks the biggest companies in the planet’s most sparsely populated country, has gained almost 130% in 2021, by far the best performance among the primary equity indexes tracked by Bloomberg.

The gains are reminiscent of

The Mongolian government demands more transparency from Rio Tinto

The Mongolian government has demanded “more transparency, more visibility” from Rio Tinto over the Oyu Tolgoi copper mine, following an independent review that last month blamed management failures for missed deadlines and cost blowouts.

Mongolian ministers and officials are in London

China faces shortages as Mongolian coking coal delivery disrupted

China is seen falling short of 50 million tonnes of metallurgical coal in 2021 amid rising domestic coking output capacity, sources said 15 September.

In 2021, the country is seen retiring 28.92 million tonnes of old coking output capacity, and adding

ADB Partnership with Mongolia to focus on Recovery from COVID-19

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021-2024 to help the country recover from the coronavirus disease (COVID-19) pandemic and lay resilient foundations for inclusive and sustainable growth.

The ADB’s operations in

Mongolia’s gold purchase surge

As of July, the bank’s average gold purchase price was 164,862.22 Mongolian tugriks (around $58) per gram, the Bank of Mongolia said in a statement.

Purchasing gold is one of the key ways for the central bank to ensure the country’s

Rio Tinto mismanagement caused Mongolia copper mine’s woes

An expert group reviewing the cause of a US$1.4-billion cost overrun at a Mongolian mine run by Rio Tinto said it was caused by the miner’s mismanagement, the Wall Street Journal reported on Monday, citing a report.

Costs to expand the