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,

Global miner Rio Tinto is willing to enter a new agreement with Mongolia to expand its Oyu Tolgoi mine as the government requested, two sources with direct knowledge told Reuters on Thursday (18 February), as both parties look to resolve

Mongolia’s gross domestic product (GDP) fell by 5.3 percent in 2020 year on year – the first contraction since 2009, said the National Statistics Office (NSO) on Wednesday.
The Mongolian economy was valued at 37 trillion Mongolian Tugriks (12.9 billion U.S.

A vehicle registration plate, also known as a number plate, license plate, is a metal or plastic plate attached to a motor vehicle or trailer for official identification purposes. All countries require registration plates for road vehicles such as cars,

The World Bank Board of Executive Directors has approved USD 50.7 million additional financing for the Mongolia COVID-19 Emergency Response and Health System Preparedness Project to enable affordable and equitable access to vaccines in the country.
The funding has been approved

Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it