Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
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
Golomt Bank of Mongolia secured a USD 10 million loan with a tenor of five years from International Investment Bank (IIB) on 10 June 2021. Golomt Bank plans to utilize the loan proceeds to finance the SMEs, the projects with
Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.
Inflation was 5.6% in April.
The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU), together with the European Mongolian Chamber of Commerce and Industry (EuroChamber Mongolia), recently announced launching a ‘SME Export capacity building’ project to pave the way for Mongolian
Achit-Ikht LLC, a member of the London Metal Exchange and a Mongolian national producer, has started issuing preferred shares and paying dividends to its targeted beneficiaries, the company’s employees and the employees of Erdenet Mining Corporation, since 2019 as part
The Sustainable Fibre Alliance and clothing brand J.Crew are supporting nomadic female herders with workshops designed to lift their economic and social standing. Despite having the potential to bring tremendous value to the cashmere supply chain, the Sustainable Fibre Alliance
Golomt Bank’s “Golden Key” children’s foundation has continued to support the “Heart Will Not Forget” project for the second year in a row and established a memorandum of cooperation to become an official partner.
B.Boldsaikhan who initiated the project, General Director
Mongolia’s foreign exchange reserves reached USD 4.9 billion at the end of April, hitting an all-time high, reported the country’s Central Bank.
The record was mainly related to the stable exchange rate of the Mongolian national currency, the Tugrik, and measures