Economic Archives - Page 79 of 95 - News.MN

Mongolia’s encouraging crude oil production stats!

Mineral-rich Mongolia’s first oil refinery is under construction in the southeastern province of Dornogovi, with an expected date of commissioning in late 2022.

As of 15 December, Mongolia has extracted a total of 6.39 million barrels, or 867,100 tons, of crude

One Mongolian company still attracting 80 percent of FDI!

Mongolia received a total of USD 1.56 billion in foreign direct investment (FDI) in the first 10 months of this year. The figure was down 6 percent compared with the same period last year, said B.Batmunkh, director general at the

Mongolia’s coking coal exports to continue rising

‘The steady increase of Mongolia’s coking coal output will keep supporting the country’s coal exports, but the transportation bottleneck will likely remain over the near term,’ said Xiao Jiahua, Deputy General Manager of the Energy Sources Business Centre at the

Getting Mongolia off the grey-list

Mr Marshall Billingslea, Assistant Secretary for Anti-Terrorism Financing at the U.S. Treasury Department visited Ulaanbaatar last week. This comes after Mongolia was added to the grey list of the anti-money-laundering organization FATF, in October. The inclusion, doubtless, raised many eyebrows

Mongolian -Turkish trade reaches USD 300 million

Historical and cultural ties between Mongolia and Turkey date back thousands of years, Mongolia’s ambassador in Ankara said.

At a reception in the capital Ankara marking Mongolia’s 95th anniversary and 50 years of diplomatic ties with Turkey, Ambassador R.Bold said that

Lithium exploration in Mongolia

ION Energy Ltd. is a battery metal exploration company focusing on lithium exploration in southeast Mongolia. The company holds one of the largest mining licenses in the country and is leveraging its first-mover advantage to explore an area of more

Nationwide livestock census starts in Mongolia

The annual nationwide livestock census has started in Mongolia. This not only records the number of animals, but also conducts a detailed study of the herder families across the country.

This time last year, there were 66.5 million animals, representing an