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SME scandal: former Minister fined MNT 40 million

The scandal over politicians granting themselves low-cost loans out of the fund to support small and medium enterprises became one of last year’s top news items. Earlier today (10 Aug), a Mongolian court decided to ban former Minister of Food,

Coking-coal miner MMC’s finance – worse than Fitch expectation

Mongolian Mining Corporation’s (MMC, B/Stable) 1H20 results showed that the coking-coal miner’s financial profile deterioration was worse than Fitch Ratings’ expectations due to the disruptions caused by the coronavirus pandemic. Nonetheless, MMC is not expected to breach the negative leverage

Mongolia reports no new cases of coronavirus for a week

Mongolia’s coronavirus cases reached to 293 on 3 August after two peacekeepers were confirmed as having COVID-19. Since then, three more recoveries have been reported with no new cases. So far, Mongolia has had 293 confirmed cases of coronavirus and

First phrase of railway to Tavan Tolgoi mine

Ulaanbaatar Railway (UBTZ) has completed construction of the first 50km of the 414.6km Talvin Tolgoi – Zumbayan 1520mm-gauge railway. The new railway will connect with the UBTZ’s central line and will transport coking coal from Tavan-Tolgoi in southern Mongolia, one

41-year-old Mongolian killed by lightning

A 41-year-old-man was killed and his 38-year-old wife injured when they were struck by lightning strike in southern Mongolia.

The couple from Deren Soum of Dundgovi Province were herding their livestock on Thursday when the lightning hit. The wife was badly

Silent protest of Mongolians stranded in USA

Waving small American flags and donning masks, the protesters—who appeared to be almost all Mongolians—plastered cardboard signs in both Mongolian and English to the embassy’s gates as passersbys strolled past in the torrid D.C. heat. Inscribed with messages such as

Mongolia and China agreed to focus on the post-epidemic era

Chinese Vice Foreign Minister Luo Zhaohui and B.Munkhjin, Deputy Minister for Foreign Affairs of Mongolia, held the fifth Strategic Dialogue between the two neighbours via videolink on 5 August, exchanging views on China-Mongolia relations and international and regional issues of

Pregnant Mongolian women repatriated by charter flight from Tokyo

Mongolia repatriated 257 nationals from Japan on a chartered flight Friday (7 Aug).

The special flight from Tokyo to Ulaanbaatar, which landed at the Buyant-Ukhaa International Airport on Friday night, carried pregnant women, elderly people, children, students, disabled and sick people,

Six people including two children die in car crash

A car crash killed six people in western Mongolia, according to a press release from the country’s traffic police on Friday (7 Aug). The accident occurred on Thursday evening when the car hit the welcoming gate for the Nogoonnuur Soum

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