The Authority for Fair Competition and Consumer Protection (AFCCP) has imposed a 4.9 billion MNT fine to NIC, the National fuel importer company, for allegedly intentionally creating a false fuel shortage last November. The Authority for Fair Competition and Consumer

The Mongolian government is likely to further defer its IPO for its state-owned Tavan Tolgoi coal project.Close on the heels of its plan to annul a $250 million coal-supply deal with the Aluminum Corp. of China Ltd.(Chalco), the Mongolian government

MPs were presented with the Master Plan to develop Ulaanbaatar City by Governor E.Bat-Uul during the DP caucus meeting on Monday. The Master Plan is designed to focus on population centralization. According to the plan the Ulaanbaatar City Administration will

The Central Bank of Mongolia conducted a poll survey of loans and saving rates among commercial banks in the fourth quarter of last year. The survey involved 14 senior officials from banks.  According to the survey, commercial banks issued 7

President Elbegdorj Tsakhia arrived back in Mongolia on Sunday after finishing an official visit to Poland and President Bronislaw Komorowski  on 21st and 22nd January. He also participated in the World Annual Economic Forum in Davos Switzerland from 23rd to

The Wall Street Journal states that Erdenes TT is seeking to negotiate with China’s biggest coal producer Shenhua Energy according to the Mongolian Ambassador to Beijing  Ts.Sukhbaatar.Shenhua Energy is one of the bidders for he West Tsankhi of Tavantolgoi, a

Mongolian Yokozuna Harumafuji dominated the15 day hatsu basho, Grand Sumo Tournament and won the highest rank, as Yokozuna. This is the fifth time Harumafuji has won his career title. It was obvious he would again achieve the title after Harumafuji

The Directors Board of Erdenes TT held a meeting on Friday. However it is not clear what issues raised during the meeting but the current problems faced by the company were expected to be discussed. Erdenes TT halted coal exports

Жиргээчид  өнөөдөр “үзэгчдийн суудалд” шилжих шиг боллоо. ШӨХТГ-ын дарга О.Магнай болон блогч Гаамп  нарын хооронд өрнөсөн жиргээ онцгой сонирхол татсан бололтой юм. Тэдний жиргээний дундуур гуравдагч нэгэн оролцож харагдсангүй.Чухам юуны тухай тэд жиргэсэн бэ?  Заримаас нь сонирхуулъя.  @Gumpaa: Та одоо

Mongolia pledged to give Erdenes Tavan Tolgoi LLC, its largest coal company, a $355 million loan that Chief Executive Officer Yaichil Batsuuri said may be used to help it exit an agreement to supply China.Erdenes Tavan Tolgoi may use the