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

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.

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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

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

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

Mongolia has suspend deliveries of coal across its southern border into China until March 2 to prevent the spread of the coronavirus. The desicion came from emergency meeting of National Emergency Commission on Monday after 12 truck drivers were isolated

Mongolia is currently exporting coal through two main border crossings with China; others have been closed in order to prevent the spread of coronavirus, which has hit over 20 countries. At the Gashuun Sukhait Border Crossing, each day 110-120 coal

The Central Bank of Mongolia announced earlier today (7 February) the introduction of new designs for the MNT 50,000 and MNT 20,000 banknotes. This is part a measure to reconstitute the reserves of the banknotes in circulation.

The new bank notes