Beijing has stepped up efforts to source more coal from neighbouring Mongolia amid an ongoing supply shortage, raising more questions about how long a ban on Australian coal can last.

China is suffering from a spike in coal prices amid declining

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

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

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

The UK’s financial watchdog is conducting a probe into Rio Tinto and its late-running USD 6.75bn underground copper project in Mongolia’s Gobi Desert.

The Financial Conduct Authority is investigating whether the Anglo-Australian company breached listing rules in disclosures about the value

The large and comprehensive economic stimulus launched by the Mongolian government from February 2021 has eased pressure on asset quality for the banking sector amid the economic disruptions caused by measures to contain Covid-19.

Fitch Ratings expects the stimulus to be

The World Bank has approved a USD 100-million loan to support a sustainable urban transport project in the Mongolian capital of Ulaanbaatar, the bank’s office in Mongolia said Thursday.

The project is aimed at developing a comprehensive framework for sustainable urban

MongolBank or the Central Bank of Mongolia announced on Wednesday that its monetary policy council has decided to keep the benchmark interest rate unchanged at 6 percent.

In addition, inflation is expected to be around the target rate of 6 percent