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.
In the first four months of 2019, Mongolia’s coal exports increased by 11.7 percent year-on-year. According to the Mongolian Customs General Administration (MCGA), nearly 11.4 million tons of coal were exported to China during the period, which was worth USD
Mongolia’s foreign exchange reserves rose to 3.7 billion U.S. dollars at the end of March. The amount increased by 200 million dollars since the end of 2018, said E.Atarbaatar, head of the Reserve Management and Financial Markets Department at the
Mongolian truck companies engaged in coal transport from the Tavan Tolgoi coal mine to the Gashuunsukhait border crossing went on strike on 6 May, demanding an increase in transport services fees.
Currently, there are more than 170 companies engaged in coal
Kincora Copper Ltd announced Tuesday its plans to raise up to USD 6 million to fund drilling at five independent and large-scale targets in the Southern Gobi (Umnugobi) copper belt in Mongolia, where it is undertaking the first modern systematic
With twenty per cent of the world’s gold supply produced by artisanal and small-scale miners, urgent action is needed to reduce the environmental impact of the sector, as well as to protect the health and wellbeing of the millions of
‘Forbes’, the leading international business magazine, has been published officially in Mongolia since 2012. This year, the magazine organised the ‘Forbes Mongolia Awards 2019’ aimed at awarding the best entrepreneurs in the Mongolian business sector. The awards ceremony was held
The Mongolian Central Bank bought a total of 1.6 tons of gold from legal entities and individuals in the first four months of 2019. The figure represents a fall of 48 percent compared with the same period last year.
China and Mongolia have signed a cooperation plan on promoting the alignment of the China-proposed Belt and Road Initiative (BRI) with Mongolia’s Development Road Programme. The signing ceremony took place in Beijing on Thursday 25 April.