Economic Archives - Page 82 of 95 - News.MN

Rio Tinto hits back over Oyu Tolgoi agreement

Rio Tinto has hit back at claims that the agreements underpinning its huge USD 5.3bn underground copper project in the Gobi Desert are illegal.

“Rio Tinto strongly refutes any suggestion that the underground development and financing plan or any of the

Grey List Scapegoat? Central Bank President resigns

G.Zandanshatar, Speaker of the Parliament has said that N.Bayartsaikhan, President of Central Bank of Mongolia and S.Davaasuren, Chairman of Financial Regulatory Commission must take responsibility for Mongolia being added to FATF’s grey list. In October, having failed to adequately comply

On China’s doorstep: Elixir Energy drilling for Mongolian gas

Drilling is underway at Elixir Energy Limited’s (ASX:EXR) 100% owned Nomgon IX coalbed methane (CBM) production sharing contract (PSC).

Located in the South Gobi Desert in Mongolia, immediately next to the Chinese border, Elixir’s Nomgon IX CBM PSC covers an area

Mongolia’s GPD grows by 6.3 percent

The National Statistics Office of Mongolia (NSO) has provided its report on the Mongolian economy for the third quarter of 2019. Mongolia’s gross domestic product (GDP) reached MNT 13.7 trillion, which represents an increase of 6.3 percent in the first

China’s investment to Mongolia reaches USD 108 million

Mongolia and China have set goals of reaching a bilateral trade turnoverof USD 10 billion by 2020. This is part of their comprehensive strategicpartnership. China is  Mongolia’s biggest investor  as it accounts for 21 percent  offoreign direct investment (FDI) to

Will Mongolia meet its coal export target?

Mongolia has set a goal of exporting 42 million tonnes of coal by the endof 2019 in order to generate MNT 1.3 trillion in export revenue. As of 1November, Mongolia has exported a total of 32.3 million tonnes of coal,reports

Great Expectations: Ovoot mine project EBITDA forecasts

ASX-listed and Mongolia-focussed metallurgical coal developer, Aspire Mining, says its Ovoot Early Development Project, will pump out a stunning annual EBITDA of AUD$279 million from the production of 4 million tonnes a year of sought-after “fat” coking coal for delivery