The Mongolian banking sector may undergo a significant consolidation over the next few years due to tighter legislation and its enforcement, Fitch Ratings says. The strong majority retained by the incumbent party in the country’s parliamentary election in June should

The U.S. Dollar exchange rate against the Mongolian Tugrik has reached a historical high in the past few days, with the exchange rate standing at 2832.22. Separately, the Tugrik fell against the Chinese currency to MNT 404.12 per Yuan.

On 26

The majority of the female labour force in Mongolia is concentrated in the retail and service sectors, which are sensitive to downturns in consumer spending like those in the current economic crisis. While the government’s Covid-19 stimulus package includes relief

Mongolia was one of the first countries in the world to adopt strict Covid-19 containment measures, starting with a January 27 halt to air and land travel between China and Mongolia, closing school and universities, and banning all gatherings. Eventually,

Absorption test results from Elixir Energy’s Nomgon-1 well has indicated the coals are near fully gas-saturated, which could point to a simpler and cheaper pilot design for the Mongolian coal seam gas (CSG) project and the potential for early production.

Steppe Gold Ltd. provided an update on its production ramp-up at its 100%-owned ATO gold mine in Mongolia.

The company made its first gold sales starting on 23 April. Gold and silver is being produced and sold every 14 days. To

Australian miner Rio Tinto has been forced to slash forecasts for the amount of copper it hopes to extract in the expansion of Mongolia’s giant Oyu Tolgoi mine after redrawing the design plans due to rock instability risks.

Rio Tinto’s updated

Turquoise Hill Resources Ltd said on Thursday (2 July) that it has decided to defer further discussions on any interim funding arrangements with Rio Tinto for its Mongolian copper project.

The Mongolian state owns 34% in the Oyu Tolgoi copper project,