Elixir Energy  is ramping up works at its fully owned Nomgon IX coal-bed methane production sharing contract in Mongolia. The company has engaged its Mongolian drilling contractor Erdenedrilling to put a second drill rig to work on the Hutul 1S

The Financial Action Task Force (FATF) removed Mongolia from its grey list on Friday night.

Mongolia was added to the FATF’s grey list in October 2019 after the country failed to pass requirements to combat money laundering and the financing of

NVTs LLC is an important egg, poultry and meat products company located in the Tuv (Central) Province. The firm was established in 1998 and boasts an automated poultry farm in the Bayanchandmani Soum (rural district) of the province. Since then,

To date, 548 gold licenses have been issued in Mongolia. As a part of the Gold-II programme by the Mongolian Government, soft loans totaling MNT 107 billion have been allocated to gold explorers. As a result, Mongolia has earned over

Trade doubled between the China and Mongolia from USD 4 billion in 2010 to USD 8 billion in 2018, and about USD 5 billion of this total was between Mongolia and China’s Inner Mongolian Autonomous Region (IMAR) alone. Greater efficiency

Measures including fast-tracking of coal deliveries and extended business hours for Mongolian Customs offices at the Mongolian-Chinese border checkpoints has succeeded in helping to boost Mongolian coal exports in September. Last month, Mongolia exported 4.6 million tonnes of coal in

In the VAT Lottery Draw held on 18 October, three people won MNT 5 million each, 27 people 3 million each and 290 people MNT 1 million. Over 56 million receipts registered between 1 and 30 September.

Adopted by parliament in

Euromoney magazine has named Khan Bank the 2020 Best Domestic Bank in Mongolia again. The award recognizes contributions that the world’s financial institutions have made to their societies and economies; the new products and services made available to customers and