The Steppe Gold company said the COVID-19 pandemic had not had a material impact on its operations and it was still expecting to produce about 60,000 ounces this year at cash costs of about US$500/oz.  The company said it had

Farmers in Mongolia’s cereal crop growing regions such as the provinces of Bulgan and Selenge have already begun cultivation. For example, in Bulgan Province, farmers are planning to cultivate a total of 42 thousand hectares; 1000 hectares with wheat.

At this

Mongolia’s exports declined by 40.4 percent in the first quarter of 2020 amid coronavirus restrictions under the advanced state of readiness in the country. Mongolia’s main export product, coal transportation fell to 4.1 million tons in the first quarter of

Earlier today (6 May), the Mongolian Cabinet approved MNT 793 billion (USD 284 million) Covid-19 relief packages for supporting target groups such as children and elderly. The government also decided to raise monthly allowances for children to MNT 100 thousand

The Asian Development Bank (ADB) and the Mongolian government on Tuesday (4 May) signed a loan pact worth 40 million U.S. dollars, and a Japan Fund for Poverty Reduction (JFPR) grant worth 2 million U.S. dollars, to help modernize government-owned

Mongolian mining giant Oyu Tolgoi has released the latest edition of its Scorecard, highlighting key performance metrics for the first quarter of 2020, and provided an update on underground development, and prevention measures for Covid-19.

The company and employees have donated

Australian mining company TerraCom has moved ahead with its plans to exit Mongolia, inking a binding term sheet to divest of its Baruun Noyon Uul (BNU) coal mine for $2.

Under the terms of the agreement, Singapore-based buyer Bridge Resources will

The Central Bank of Mongolia or Mongol Bank purchased 1.4 tonnes of precious metals from individuals and enterprises in April. The Bank’s purchase has reached 6.7 tonnes of precious metals; 5.0 tonnes being of gold since 1 January. This represents