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Fitch Assigns Mongolia’s Proposed USD Bond a ‘B’ Rating

Fitch Ratings has assigned Mongolia’s (B/Stable) proposed US dollar bonds a ‘B’ rating. Proceeds from the proposed bonds will be used to refinance bonds maturing in 2021 and 2022 through a cash tender offer.

The rating is in line with Mongolia’s

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive thanks to a USD 4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund

Mongolia’s top diplomat to visit Russia next week

Mongolian Foreign Minister N.Enkhtaivan will be in Russia on an official visit from 20-22 September.

Mongolia’s top diplomat and Russian Foreign Minister Sergey Lavrov will discuss certain issues of bilateral relations and cooperation. The sides are also expected to exchange instruments

Mongolia marks National Book Day Festival

On August 24, 2012, former President Elbegdorj issued a decree instituting a Book Day to promote reading and publishing books. The decree provides for instituting national Book Days on the third Saturdays of September each year.

Therefore, the ‘National Book Festival’

Mongolia reports no new cases of COVID-19 for a week

Today (18 September), a 59-year-old woman was discharged from the National Centre for Communicative Diseases after having fully recovered from the coronavirus infection. So far, Mongolia has had 311 confirmed cases of COVID-19; 302 of them haverecovered. The country of

Mongolian businessman nominated CEO of Rio Tinto Group

The Rio Tinto Group is hunting for a new leader to restore relations with the communities where it mines after Jean-Sebastien Jacques was forced out over the destruction of ancient heritage sites of national importance.

Rio announced on Friday that Jacques

How a young photographer puts modern Mongolia in focus

Contemporary art isn’t the first thing which comes to mind when one thinks of Mongolia. Nevertheless, today Mongolia has its own vibrant gallery scene. Mongolian artists are exploring modern art, fashion, literature, and visual arts from around the world, sometimes

Rio Tinto to raise USD 500 million to develop Oyu Tolgoi

Rio Tinto said on Thursday (17 September) that it plans to raise up to USD 500 million through additional lending to develop its giant Oyu Tolgoi copper mine in Mongolia. The Mongolian state has a 34% stake in the Oyu

Nomgon the Mongolian gas giant – stocks skyrocket!

Elixir Energy Limited has provided an update on operations in its 100% owned Nomgon IX coal bed methane PSC in the south Gobi region of Mongolia.

Following the positive results recently generated from the drilling of the Nomgon-2 core-hole and Nomgon

MIAT to conduct more direct flights to Seattle

MIAT will conduct direct flights to Seattle, Washington later in September for repatriating 850 Mongolians stranded in the USA. Previously, the Mongolian airline has conducted two direct flights to Seattle on 3 August and 21 June. Over 2100 Mongolians who

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