According to officials, the Central Bank of Mongolia is buying and overseeing the refining of silver extracted from the Salkhit mine which is owned by Erdenes Mongol LLC. This silver will be used for repaying the bonds issued by Erdenes

Mongolia traded with over 150 countries in 2019. The volume of trade between China and Mongolia has went up to USD 8.9 billion in 2019, accounting for 64.4 percent of the latter’s total foreign trade.  This information was published on

Minister of Road and Transport Development B.Enkh-Amgalan has held a meeting with H.E. Hiroyuki Kobayashi, Japanese Ambassador to Mongolia and discussed wide range issues including establishing a database of car exports from Japan to preventing the import of crashed or

The Steppe Gold, mining company has become the first company to receive funding from the Mongolia’s National Investment Fund PIF SPV. The company said the fund, managed by a subsidiary of the government’s Development Bank of Mongolia, had subscribed for

Delegates from the Mongolian Trade Union and Mongolian Petroleum Consumer’s Association held a press conference earlier today (22 January) on the imports of fake fuel. According to a survey, Mongolian consumers are suffering a loss of MNT 50-60 billion every

In 2019, Mongolia’s tax revenue reached MNT 9.7 trillion – an increase of MNT 1.5 trillion or 18.8% compared to the previous year. The growth is explained  by increases of MNT 460.8 billion or 22.1% in income tax, MNT 355.0

An investment forum entitled ‘The Connection between the Free Economic Zone and the Economic Corridor’ was held today (16 January) at the Mongolian National Chamber of Commerce and Industry. At the event, Mongolia’s policies on transport and logistics and the

Mongolia exported 36.4 million tonnes of coal in 2019. The General Customs Administration of Mongolia announced that the figure showed a slight drop in comparison with the previous year 2018.

The country exported a total of 36.5 million tons of coal