Moody’s Investors Service has assigned a B3 rating to Mongolian Mortgage Corporation HFC LLC’s (MIK) proposed USD-denominated senior unsecured debt. The final amounts and terms of the debt will depend on market conditions and on the result of a cash

The import and export goods volume via Erenhot, the largest crossing point on the China-Mongolia border, rose 13.5 percent on the previous year to more than 17 million tonnes in 2020, according to the port’s customs.
In 2020, around 14.7 million

Rio Tinto’s new chief executive Jakob Stausholm is moving swiftly to strengthen the resources giant’s relationship with the Mongolian government in an attempt to defuse a deepening dispute over the USD 8.7 billion Oyu Tolgoi copper-gold mine expansion.
In a fresh

Mongolia’s economic growth for 2021 will be 4.3 percent, below thatpreviously forecasted by the World Bank.
The fight against the novel SARS- CoV-2 coronavirus, which caused the Covid-19 pandemic, caused a rise in the region’s fiscal deficit; so many governments resorted

Chinese traders are importing more coal from neighboring countries such as Russia and Mongolia; this comes following the disruption caused by the pandemic and seismic shifts in the supply chain.
Last September, Mongolia replaced Australia as the top coking coal supplier

Dry bulk owners are watching customs data out of Beijing closely to see where China is sourcing coal from to replace banned Australian products – the choice will have an enormous ramifications for the overall tonne-mile picture of the sector.

According to an open budget survey (OBS) conducted by the International Budget Partnership, Mongolia ranked 41st out of 117 countries with a transparency score of 56, Montsamereports.
Mongolia’s transparency score of 56 in the OBS 2019 is moderately higher than its

Mongolia’s foreign exchange reserves reached 4.5 billion U.S. dollars at the end of this year, hitting an all-time high.
The record was attributed to measures taken by the Bank of Mongolia to ensure the stability and adequacy of foreign exchange reserves