Canadian design firm, Stantec (STN) has been selected to provide advisory services on the water infrastructure improvements in Ulaanbaatar, the Mongolian capital.

The company was chosen by the Millennium Challenge Corporation (MCC), a US Government agency working to reduce global poverty.

MCC

Tourism is one of the first industries to be affected when countries close borders and ground all international flights. In early February, Mongolia was the first country to take drastic steps for preventing the spread of coronavirus by implementing advanced

Delegates from the Financial Action Task Force (FATF) will visit  Mongolia in October for evaluating the implementation of the specific tasks given to Ulaanbaatar for getting off the Grey list. The delegates have a tight schedule which has been complicated

Fitch Ratings has assigned Mongolia’s (B/Stable) proposed US dollar bonds a ‘B’ rating. Proceeds from the proposed bonds will be used to refinance bonds maturing in 2021 and 2022 through a cash tender offer.

The rating is in line with Mongolia’s

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive thanks to a USD 4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund

The Rio Tinto Group is hunting for a new leader to restore relations with the communities where it mines after Jean-Sebastien Jacques was forced out over the destruction of ancient heritage sites of national importance.

Rio announced on Friday that Jacques

Rio Tinto said on Thursday (17 September) that it plans to raise up to USD 500 million through additional lending to develop its giant Oyu Tolgoi copper mine in Mongolia. The Mongolian state has a 34% stake in the Oyu

Elixir Energy Limited has provided an update on operations in its 100% owned Nomgon IX coal bed methane PSC in the south Gobi region of Mongolia.

Following the positive results recently generated from the drilling of the Nomgon-2 core-hole and Nomgon