Economic Archives - Page 39 of 95 - News.MN

Golomt Bank presents its Sustainable Development Report

In addition to economic development, investment and financing decisions should take into account whether the project is environmentally friendly, harmful to human health, and socially beneficial. As a result, not only the financial institution but also the customer’s risk is

Mongolia’s GDP reaches USD 3.22 billion

On Monday, May. 17 official figures issued by Mongolia’s National Statistics Office (NSO) demonstrated that the country’s gross domestic product (GDP) expanded 22.5 percent annually in the January-March period of this year.

The NSO stated that the GDP reached MNT 9.2

Mongolian top coking coal mine to access rail by 2022

The Mongolian government is aiming to open a 258.4 km railway line, connecting Tavan Tolgoi, its largest coking coal mine in South Gobi region, to the Gashuun Sukhait checkpoint also in South Gobi bordering China by July next year; once

Exports exceed imports in Mongolia’s foreign trade turnover

Mongolia’s foreign trade turnover rose 50.6 percent year on year to USD 4.4 billion in the first four months of this 2021.

The country registered a surplus in its foreign trade balance as exports exceeded imports by USD 535.4 million in

Oyu Tolgoi mine partially resumes shipments to China

Turquoise Hill Resources Ltd said on Tuesday its Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to COVID-19-led curbs.

The company is evaluating multiple

Mongolia’s coal exports soar by 114 percent on year

Over January-March, Mongolia’s total coal exports surged 113.7% on year to 6.7 million tonnes, among which 93.5% were to China, and the second largest destination was Singapore, which accounted for 5.8% of the total, according to Mongolia’s Customs data on