Coking coal prices in China have soared to a four-year high after Mongolia’s first local transmission of the COVID-19 on 10 November resulted in emergency measures. These have slowed operations at the border crossings.
Trucks carrying coal across the border

On Wednesday (2 December), the Mongolian government decided to reduce the price of processed fuel by 50 percent amid the COVID-19 pandemic. The government announced that the reduction would be in force from 3 December to 1 April in order

The Central bank of Mongolia, also known as Mongol Bank, purchased 1.7 tonnes of precious metals in November. A total amount of the purchases has reached 21 tonnes since the beginning of this year, showing an increase of 6.5 tons

Rio Tinto will be forced to endure an independent review of its failure to meet cost and schedule guidance on Mongolia’s Oyu Tolgoi copper mine expansion, after the mining giant’s less powerful partners united in an extraordinary show of defiance.

The

China’s coking coal imports fell to a five-month low in October, hit by slowing Australian arrivals following an unofficial ban on coal imports from the country that was imposed in early October.
China imported 5.89 million tonnes of coking coal in

Most employees are working from home after Mongolia issued a second decree emergency situation and imposed a travel ban, which has left thousands of Mongolians stranded – in Ulaanbaatar people are banned from leaving home apart from buying necessary provisions. However, 13

The European Union and Mongolia have been taking stock of their good trade relations, and looking at opportunities to further strengthen their bilateral trade and investment cooperation agenda.
The platform for this discussion was the third annual sub-committee on trade and

Odey Asset Management has accused Rio Tinto of destroying value through lack of action over problems at Turquoise Hill, through which Rio Tinto owns a giant copper mine in Mongolia.

Turqoise Hill, listed in Canada, owns two-thirds of the Oyu Tolgoi mine with the rest