Rio Tinto signalled on Friday a recovery in China’s economy as it reported improved shipments of iron ore to the country, but cut its forecast for annual copper output citing coronavirus-related disruptions.

The company, the world’s top iron ore miner, posted

Turquoise Hill Resources reported on Thursday that Oyu Tolgoi mine Q1 gold production plunged by 78% year-over-year to 26,154 ounces, and that copper output slid 23% to 35,203 tonnes.

The Rio Tinto-controlled company that operates the mine in Mongolia reported that

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that High Payment Solutions LLC (Hi-Pay) has successfully launched its new payments hub using multiple ACI solutions to create Mongolia’s first payments gateway service. ACI’s

Mongolia provides jobs to 4.3 thousand foreign workers from 97 foreign countries under labour contract. As of the first quarter of 2020, the number of countries increased by 6, while the number of foreign workers decreased by 613 individuals (12.4%)

State owned Erdenes Tavan Tolgoi is one of the most important companies in Mongolia. Recently, the enterprise came back to life, as some of the restrictions imposed by the coronavirus pandemic were lifted. Thus, between 1 and 12 April, it

The Monetary Policy Committee of the Central Bank of Mongolia  decided today (13 April) to cut its policy rates by one percentage point to 9 percent. In addition, the bank will postpone loan repayments for borrowers facing difficulties due to

The European Union and the World Bank have decided to reprioritise the use of EUR 680,000 within the Strengthening Governance in Mongolia Project, funded by the European Union, to support the Government’s efforts to respond to the COVID-19 (coronavirus) emergency

Global airlines stand to lose USD 252 billion in sales and 38 percent of transportation in 2020 as the coronavirus continues to spread, according to the International Air Transport Association.

Mongolia is not exempt as civil air transportation suffers financial instability