Economic Archives - Page 4 of 62 - News.MN

Western Mongolian provinces connected to UB by highway

Three western Mongolian provinces have now been connected with the capital city of  Ulaanbaatar by highway. The new road will be comfortable and time-saving for travelers and tourists alike. The 127.6 km long highway was constructed between Bayankhongor and Altai.
Construction started in 2015;

UB’s central district to face daily cuts

Mongolia’s electricity consumption has increased significantly after the government wrote off utility payment for households and organisations across the country.
The power grid of Mongolia  saw a maximum load of 1,300 megawatts (MW) on Monday evening, A.Tleikhan, chairman of the Energy

Oyu Tolgoi underground mine: timetable announced

Rio Tinto today unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world. The definitive estimate details how Oyu Tolgoi underground will

Mongolia benefits as Beijing formalises Australian coal ban

Mongolia’s coal exports dived 23% on month in November though the total was still up by a healthy 27.9% on year at 3.1 million tonnes, according to the country’s Customs data. The decline was chiefly because of the deteriorating COVID-19

Trade between Mongolia and China reaches USD 6.8 billion

In the first 11 months of 2020, Mongolia’s trade turnover reached USD 11.7 billion, of which USD 6.9 billion were exports and USD 4.9 billion were imports. Total foreign trade turnover decreased by USD 897.6 million (7.1%), of which exports

Steppe Gold plans to list on the Mongolian Stock Exchange

The Steppe Gold Company is extremely pleased to announce its plans for a secondary listing of its common shares on the Mongolian Stock Exchange.

The company has retained Ard Securities as its lead advisor and underwriter in connection with the proposed

Golomt bank and Oyu Tolgoi LLC renew cooperation agreement

Golomt Bank initiated supply chain financing products back in year 2015 and has partnered with Oyu Tolgoi LLC, the world’s largest copper concentrate miner, to support local suppliers of more than 860 organizations and specifically over 550 local contractors and