Economic Archives - Page 54 of 95 - News.MN

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

Mongolian coal trucks entering China hits record number

A record number of Mongolian coal freight trucks has entered to China at once in August. In total, 2,233 heavy-duty trucks laden with coal entered China from Mongolia via four border points, namely Gashuunsukhait, Shiveekhuren, Bulgan and Khangi, hitting an

Mongolia to challenge Australia on coking coal exports

Increasing penetration of renewables in the energy mix has already created a bearish outlook for non-coking coal trade, but completion of the rail network between Mongolia and China in 2021 threatens to bring the coking coal trade between Australia and

China remains Mongolia’s top export destination, import supplier

China remains Mongolia’s top export destination in the first seven months of 2020, accounting for 68 percent of Mongolia’s total exports, the Mongolian National Statistics Office (NSO) said Thursday.

The country also remained the top import supplier in the January-July period,

Mongolia-China border cargo reaches 10 million tonnes

The border crossing of Erenhot in north China’s Inner Mongolia Autonomous Region has seen its imported and exported cargo volumes this year exceed 10 million tonnes as of Monday (10 Aug), up by 15.6 percent year on year, according to

Xanadu raises cash for Mongolian exploration

Metals explorer Xanadu Mines is hoping to raise 12-million Australian dollars to fund exploration work at its flagship Kharmagtai copper/gold project, in Mongolia. Xanadu on Monday announced that it would issue 266.7-million shares, at a price of 4.5c each, in

Coking-coal miner MMC’s finance – worse than Fitch expectation

Mongolian Mining Corporation’s (MMC, B/Stable) 1H20 results showed that the coking-coal miner’s financial profile deterioration was worse than Fitch Ratings’ expectations due to the disruptions caused by the coronavirus pandemic. Nonetheless, MMC is not expected to breach the negative leverage