Economic Archives - Page 53 of 95 - News.MN

Fitch Assigns Mongolia’s Proposed USD Bond a ‘B’ Rating

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

EBRD and GCF boost climate financing for Mongolian enterprises

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

Mongolian businessman nominated CEO of Rio Tinto Group

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 to raise USD 500 million to develop Oyu Tolgoi

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

Nomgon the Mongolian gas giant – stocks skyrocket!

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

Mongolia wins the battle against COVID, but at what cost?

Mongolia’s quick and vigorous action on preventing the spread of COVID-19 has resulted in a notable success in fighting the pandemic so far. The country has had relatively few cases – only 310 confirmed cases and still no deaths in

World Bank and Mongolia sign agreements for USD 21 million

Mongolia and the World Bank have signed two agreements totaling USD 21 million to mitigate the impact of the COVID-19 pandemic on the economy and society and protect medical workers from the virus. The agreements were signed by Ch.Khurelbaatar and