The Asian Development Bank (ADB) has approved a USD 73 million loan to improve social welfare support for the poor and vulnerable, especially women and children, to mitigate the socioeconomic impacts of the coronavirus pandemic in Mongolia.
The project will specifically

Mongolian coal supply to China has come under greater scrutiny by Chinese market participants amid the latest coronavirus containment measures implemented on 16 March at the Ganqimaodu border.

The new border checks include a COVID-19 test for the drivers each time

Japanese plant engineer JGC Holdings will oversee the design and construction of Mongolia’s first solar power plant with storage capabilities as the country steps up its adoption of renewable energy.

Mongolia’s energy ministry awarded the order for the 5 megawatt solar

Moody’s Investors Service has changed the outlook on the Mongolian government’s issuer ratings from negative to stable, and affirmed the long-term B3 issuer, local media reported on Wednesday.

The decision to change the rating outlook to stable reflects Moody’s view that

The Mongolian Government has issued its first transfer pricing tax assessment, hitting a mining company with a tax bill of approximately USD 228 million and a denial of USD 1.5 billion in carried forward losses, the OECD said on 18

The U.S. Embassy has hosted a discussion on an independent comprehensive study funded by the U.S. Agency for International Development (USAID) on Mongolia’s cashmere sector.

While Mongolia accounts for approximately 40 percent of the world’s cashmere production, practically all (94 percent)

Mongolia has rich renewable resources and has significantly increased the number of renewable projects connected to its Central Energy Networks, reducing the carbon intensity of the electricity produced and reducing imports from neighboring countries. With a peak demand of 1,200MW,

Rio Tinto is set to start face-to-face negotiations with the government of Mongolia as its seeks to complete the USD 6.75bn expansion of a huge copper project in the Gobi desert.

The Anglo-Australian group is sending a team of senior executives