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

The Women Entrepreneur Mentors Club and Golomt Bank signed a memorandum of understanding on March 5, 2021.

During the event, E.Uyanga, Executive Director of the Women Entrepreneur Mentors Club, and Ts.Baigalmaa, Director of Retail and SME Business Division, Golomt Bank, signed

The Mongolian government and international mining company Rio Tinto have agreed to work out a new arrangement to finance the costly expansion of the vast Oyu Tolgoi copper mine.The rising cost of the Oyu Tolgoi mine’s new underground phase played

Fitch Ratings has affirmed Mongolia-based coal producer Mongolian Mining Corporation’s (MMC) Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’. The Outlook is Stable. Fitch has also affirmed MMC’s senior unsecured rating of ‘B’ with a Recovery Rating of ‘RR4’.
MMC’s rating

Mongolia’s coal exports to all destinations in January increased by a significant 57.2% month on month, or by 3% on year, to nearly 2.5 million tonnes, due to the faster pace of coal deliveries across the Mongolia-China border last month,