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

The U.S. government today announced the MNT8.3 billion ($3 million) expansion of the bilateral assistance agreement between the United States Agency for International Development (USAID) and Mongolia’s Ministry of Finance to continue projects and implement new programs that support good

When the coronavirus struck neighboring China, Mongolia was preparing for the February Lunar New Year, its biggest holiday of the year. It is a time when everyone puts on their very best traditional winter ‘deels’ as the national tunic is

The level of overdue loans and owed interest in the Mongolian banking system rose by MNT 120 billion to 6.7 percent of the total loan portfolio in the first quarter of 2020. The large sum of the outstanding loan stock

Mongolia has shelved near-term initial public offering plans for state-owned coal miner Erdenes Tavan Tolgoi JSC as the Covid-19 pandemic shakes global financial markets.

The Mongolian coal miner was working with an adviser for preparations of a planned Hong Kong IPO

‘Erdenes Tavan Tolgoi’ (ETT) held a press conference earlier today (27 April) regarding dividends from the revenue of 2019.

The mining giant will distribute dividends totaling MNT 199 billion 736 million to over 2.5 million Mongolian nationals who own 18.5 percent

A total of 537 China-Europe freight trains passed through the Erenhot border crossing in North China’s Inner Mongolia autonomous region as of Thursday this year, reported Chinese custom officials. The Erenhot-Zamin Uud crossing is the largest on the border between