Economic Archives - Page 73 of 95 - News.MN

Mongolia’s cashmere dilemma

Once a rare luxury, fashion items made from cashmere are now readily available from most High Street and online fashion retailers in the UK, US and other developed countries. With global prices having risen more than 60% since the 1980s,

Angry Mongolian farmers protest against Russian wheat imports

Earlier today (4 March), Mongolian farmers demonstrated outside the Ministry of Food, Agriculture and Light Industry protesting against the government’s decision to import 160 thousand tonnes of wheat from Russia. Previously, the ministry had announced that Mongolia could fully meet

ADB to support Mongolian agricultural production

The Asian Development Bank (ADB) has approved $40 million in loans to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.

“The project will promote income and employment generation in rural areas,” said ADB Senior Natural Resources Economist

‘Build Mongolia 2020’ international expo postponed

The ‘Build Mongolia-2020’ international construction, mining, road and renewable energy expo has been suspended as a measure for preventing the spread of the coronavirus infection in Mongolia. The expo was scheduled to take place at the Buyant-Ukhaa Sport Complex on

Gold purchase rises in Mongolia

In the first two months of 2020 The Central Bank of Mongolia, or Mongol Bank, bought a total of 4.3 tonnes of gold from legal entities and individuals. The bank purchased 952 kg of gold in February; this represents an

Mongolia-China border to reopen for coking coal

The Mongolia-China border crossing of Ganshuun Sukhait, the gateway for Mongolia coking coal to China, is expected to reopen on 2 March.

Mongolian coal grades have long been closely compared to Australia’s Rangal HCC as they share similar specifications such as

Working group established for gas pipeline project

A working group has been established between Mongolia and Russia for the Trans-Mongolian Gas Pipeline, reported Minister of Energy Ts.Davaasuren.

The working group co-chaired by Deputy Ministers of Energy of the two countries, has already started works, developing some documents and