Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
Mongolia has recorded very few cases of COVID-19, less than 300 as on date, despite its more than 4,000 kilometre porous border with China. However, the country faces a major economic impact from the pandemic, says Tapan Mishra, the UN
Mongolia’s coal exports to China could be poised for growth in the second half of 2020 after exports registered a significant 63% year-on-year decline over January-May, China’s customs data released late June showed.
According to the Central Bank of Mongolia, the Tugrik rate has fallen against the US Dollar by three percent and by 1.8 percent against Chinese Yuan since January, 2020. However, the Mongolian currency has risen against the Russian Ruble by
Earlier today (22 July), the Mongolian Cabinet tasked the Ministry of Food, Agriculture and Light Industries to prepare more than 20 thousand tonnes of meat to cover the food demand for Ulaanbaatar. This is an increase of six thousand tonnes
Mongolia has taken early and decisive measures to prevent COVID-19 entering and spreading domestically across the country. Despite the limited cases confirmed in Mongolia, the household-level shocks caused by COVID-19 will be long-lasting and will disproportionally hit the poor and
According to the StartupBlink 2020 Global Rankings Report, Mongolia is ranked 93rd out of the top 100 and Ulaanbaatar entered for the first time this year at rank 690 out of 1,000 cities. A global startup ecosystem map and research
Weir Minerals has been working with miners in Mongolia for more than two decades, beginning with the Oyu Tolgoi mine began during the engineering design phase of the project through to construction commissioning and running.
In the Mongolian VAT Lottery Draw, held on 19 July, 286 people won MNT 1 million each, 29 others MNT 3 million each and four people MNT 5 million. Also, one extremely lucky person has won MNT 30 million with