Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
Mongolia’s Ministry of Energy is seeking contractors to develop and construct a 10 MW solar power plant in Khovd, the administrative centre of the province of the same name in the westernmost part of the country.
The project is backed by
New York, 22 September 2019 – Golomt bank today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change.
By signing
The 17th “Discover Mongolia”, one of biggest mining forums in the world will be held in Ulaanbaatar on 27 September. At least 500 officials and investors from around 10 countries, including China, Russia, Canada and Australia, are expected to attend
Russia and Mongolia will establish a join fund for investment cooperation. According to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev, the fund will help Russian companies to better cooperate with Mongolian partners. A signing ceremony was
An International Monetary Fund (IMF) team led by Mr. Geoff Gottlieb visited Mongolia from 19 to 28 June, 2019, to conduct discussions for the 2019 Article IV consultations. The IMF’s Executive Board for Discussion and Decision has concluded the reports
The Mongolian Cabinet has decided to take a total of 28,000 hectares of land in the Erdeneburen and Myangad Soums of Khovd Province, the Bayannuur Soum of Bayan-Ulgii Province and Umnugobi Soum of Uvs Province for hydroelectric power station construction.
Mongolia’s Central Bank decided today (17 September) to leave the benchmark interest rate unchanged at 11 percent for the second time in the year to bolster the economy. The decision aims to cope with the inflation target framework in the
The Mongolian economy will face challenges in 2021 when repayment of foreign debts begins, J.Delgersdaikhan has said. The specialist, who is a lecturer at the the University of Finance and Economics was speaking at a conference entitled the ‘Balance of