Mongolia employees 4400 foreign workers

2020-10-16

According to statistic office, Mongolia has employed 4400 thousand foreign workers from 92 foreign countries with labor contract in the third quarter of 2020. Compared with the same time of the 2019, the number of countries decreased by nine and

Oyu Tolgoi mine awarded the copper mark for its responsible production

2020-10-13

Oyu Tolgoi is proud to be awarded the Copper Mark, the copper industry’s new responsible production program.

To be awarded the Copper Mark, Oyu Tolgoi has demonstrated that it meets over 30 criteria for responsible environmental, social and governance operating practices.

Oyu

Mongolia’s GDP to contract by 2-4 percent

2020-10-09

Mongolia’s gross domestic product is projected to contract by 2 to 4 percent in 2020 due to the prolonged containment measures on the COVID-19 pandemic, the country’s central bank said on Friday, possibly sending the country into its first recession

Mongolia to increase coal exports in 2021

2020-10-08

Mongolia failed to fulfill its goal to export 40 million tonnes of coal this year due to the COVID-19 restrictions. However, the Mongolian Cabinet is planning to increase coal exports to 42 million tonnes in 2021 based on optimistic forecast

Mongolia and EU good tax governance – progress

2020-10-07

The Council of the European Union (EU) has removed Mongolia from the EU list of non-cooperative jurisdictions for tax purposes, reported Finance Minister Ch.Khurelbaatar.

The country was removed from the list after it deposited the instruments of ratification of the Convention

Mongolian engineering JV shoots to international prominence

2020-10-05

Massive ore handling chutes produced for the Oyu Tolgoi mine in Mongolia’s South Gobi region have opened a new expansion window for Murray Mining Services in the country. Previously, it was believed that these huge chutes could not be manufactured

ADB helps support wheat supply chain in Mongolia

2020-10-01

The Asian Development Bank (ADB), the Ulaanbaatar Flour Limited Liability Company (UBF), and Tavan Bogd Foods Limited Liability Company (TBF) today signed a USD 15 million loan to support the wheat supply chain in Mongolia during the coronavirus disease (COVID-19)