Economic Archives - Page 42 of 96 - News.MN

Golomt Bank has signed a MoU with the Women Entrepreneur Mentors Club

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

Rio Tinto and Mongolia agree to re-negotiate

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 Affirms Mongolian Mining at ‘B’; Outlook Stable

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

Mongolian coal exports surge in January

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,

Rio Tinto willing to negotiate new Mongolia mine agreement

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 economy shrinks for first time since 2009

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.

‘Lucky’ number plate sold for MNT427 million

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,