Mongolia will purchase the most needed medical diagnostic equipment with funding provided by the World Bank. The World Bank has mobilized US$2.2 million to help strengthen Mongolia’s hospital services in the wake of the COVID-19 pandemic.

This immediate financing is being

Aspire Mining Ltd has received an 18-month extension until 18 September 2021 to prepare the legal and other necessary actions required prior to the construction of the Erdenet to Ovoot railway. This railway is considered critical infrastructure for the full-scale

Canadian invested ‘Steppe Gold’ reported that it had mined, crushed and stacked approximately 533,000 tonnes of gold ore at a grade of 2.0g/t gold.

At an expected gold recovery rate of 70%, Steppe already has 24,000 ounces of leachable gold on

The U.S. government is providing USD 1.2 million to the World Health Organization (USD 700 thousand) and the United Nations Children’s Fund (USD 500 thousand) to support the Mongolian government’s COVID-19 response. It was announced by Mr. Michael Klecheski, Ambassador

Rio Tinto’s Mongolian copper project will require a bigger than expected fundraising, after the Rio subsidiary building the mine said it needed to raise ”at least” six times its current market capitalisation.

The subsidiary, Turquoise Hill Resources, shed fresh light on

Bank deposits in foreign currency amounted to MNT 3.6 trillion in the first two months of 2020. This is an increase of 20.3 percent on the same period the last year.  This will be important for supporting growth, especially when

The Belarusian automobile engineering company BelAZ has shipped a bulldozer and several dust control sprinklers to Mongolia. While Mongolian mining companies have known BelAZ haul trucks with the carrying capacity of 30-220 tonnes for quite some time, the BelAZ-78231 bulldozer

Earlier today, the Mongolian National Chamber of Commerce and Industry held a press conference over the impacts of the coronavirus outbreak on business. The organization conducted economic survey covering over 1100 enterprises actively operating in Mongolia. The findings were bad: