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.
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 exported a total of 5.2 million tons of coal so far this year, virtually all to China, according to data released by the Mongolian Customs General Administration on Tuesday 2 June.
The figure represents a decrease of 2.6 times
The Central Bank of Mongolia or Mongol Bank purchased 1.7 tonnes of precious metals from individuals and enterprises in May. The Bank’s purchase has reached 8.5 tonnes of precious metals – 6.8 tonnes being gold – since 1 January. This
A Business Incubator Centre under the Asian Development Bank’s Ger Area Development Investment Programme has been inaugurated at the Bayankhoshuu Subcentre in the Mongolian capital Ulaanbaatar.
On May 28, ADB Country Director Pavit Ramachandran launched the business incubator. The ceremony was
Mongolia’s commodity-dependent economy is facing a sharp slowdown in GDP and export growth, deterioration in the public finances and an erosion in external buffers this year due to the coronavirus shock. Nevertheless, the affirmation of the rating with a Stable
The European Union is supportig Mongolia’s efforts in boosting employment and improving transparency in public finances with a grant of 50.8 million euros (MNT 155.7 billion). This is the first budget support programme in Mongolia, also aiming to address the
Mongolia has met all requirements to be removed from the Financial Action Task Force’s (FATF) grey list, the country’s finance minister Ch.Khurelbaatar said on Friday.
FATF is an intergovernmental organization founded in 1989, whose aim is to combat global money laundering
Amid COVID-19 pandemic, Mongolians have united in supporting frontline fighters against the killer virus. As for today (27 May), over MNT 3.35 billion (USD 1.19 million) from 255 enterprises and 241 individuals has accumulated in the donation funds. In addition,
Global luxury brands have long admired the quality and fine texture of Mongolian cashmere. Therefore, Mongolia’s best luxury cashmere producer ‘Khaan Khishigt’ has received orders for 100 tonnes from Italy. According to N.Batkhishig, a representative from the ‘Sustainable Cashmere Development’