Economic Archives - Page 74 of 95 - News.MN

Coronavirus hits Mongolian coal exports

The deadly coronavirus outbreak in China has forced Mongolia to suspend coal deliveries to its southern neighbour. Currently, Mongolia has lost USD 100 million of revenue because of the suspension of the coal export. Ulaanbaatar had set the goal of

Mongolia announces construction of a 5 MW solar-plus-storage facility

Mongolia’s Ministry of Energy has issued an invitation to project developers to pre-qualify to compete in a tender to construct a 5 MW solar-plus-storage facility.

The Uliastai solar array, which is being developed with the financial support of the Asian Development

Feasibility Study for the Tavan Tolgoi Power Plant

On Monday (17 February), Turquoise Hill Resources announced the submission of the Feasibility Study for the Tavan Tolgoi Power Plant (TTPP) Project to the Government of Mongolia by Oyu Tolgoi LLC.

Oyu Tolgoi LLC is obliged under the 2009 Oyu Tolgoi

World Bank issues Mongolian economic forecast

The World Bank has released its Mongolia Economic updates for February 2020. Mongolia’s economic growth strengthened to 7.2 percent in 2018 from 5.3 percent in 2017 amid impressive fiscal outcomes, better coordination of macroeconomic policy, favorable global commodity prices, and

Covid-19 restrictions hit Mongolia’s coal exports

Mongolia has set a goal to export 42 million tonnes of coal in 2020. However, the country has been forced to suspended coal deliveries to China on Friday as a measure to prevent the spread of Covid-19 across the border.

Our

Erdenes TT to distribute profit to its shareholders

Earlier today (17 February), the executive board of the Erdenes Tavan Tolgoi JSC decided to distribute profit to those Mongolian citizens who own its 1072 shares units. According to a press release by D.Sumiyabazar, Minister of Mining and Heavy Industries

Oyu Tolgoi invests over USD 10 billion

Senior managers led by Oyu Tolgoi CEO Armando Torres held a press briefing on Wednesday (12 February)  to introduce the performance results for the fourth quarter of 2019.

In 2019, Oyu Tolgoi paid US$321 million in taxes, fees and other payments

Virus slows Rio Tinto copper sales

Rio Tinto has warned customers of delayed copper deliveries from its Mongolian mine in the latest sign that the coronavirus is affecting the Australian companies’ product flows to China.

The spread of the virus into the northern Chinese province that shares