Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
Mongolia’s coal exports dived 23% on month in November though the total was still up by a healthy 27.9% on year at 3.1 million tonnes, according to the country’s Customs data. The decline was chiefly because of the deteriorating COVID-19
Golomt Bank of Mongolia received the award the “Best Digital Bank” by Global Finance magazine, which defines the reputation of the international banking and financial sector, in a competition for the best banks in the world in 2020. This is
In the first 11 months of 2020, Mongolia’s trade turnover reached USD 11.7 billion, of which USD 6.9 billion were exports and USD 4.9 billion were imports. Total foreign trade turnover decreased by USD 897.6 million (7.1%), of which exports
Golomt Bank initiated supply chain financing products back in year 2015 and has partnered with Oyu Tolgoi LLC, the world’s largest copper concentrate miner, to support local suppliers of more than 860 organizations and specifically over 550 local contractors and
Mongolia has received buses from the Belarusian automobile engineering company MAZ. The vehicles are designed to operate in the world’s coldest capital city. Mongolia’s climate is classed as extreme continental. Air temperatures in winter can be as low as 49C
Mongolia has put into operation its second fuel processing plant in Ulaanbaatar.
The plant, built in Nalaikh district, has an annual capacity of processing 600,000 tons of fuel.
“Reducing air pollution in Mongolian capital has been and remains one of our
8 December/Geneva, UNEP Finance Initiative has today published an overview of the first steps taken by the 38 signatories to the Collective Commitment to Climate Action (CCCA), one year since they pledged to align their portfolios and business practices with