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Asian Buddhist Peace Conference to take place in Ulaanbaatar

The Gandantegchinlen Monastery is preparing to host Asian Buddhist Peace Conference on 21 June. A total of 500 delegates from 30 countries are expected to visit Mongolia for the conference. The event will take place at the newly constructed Battsagaan

Mining sector highest paid in Mongolia

Earlier today (12 December), the Mongolian National Statistical Office (NSO) issued the 2017 social and economic index data. According to the statistics, a total of 606.3 thousand employees from 38 thousand enterprises paid social security and health taxes.

Gazelles return to western Mongolia

A herd of Mongolian gazelles has returned to Uvs Provice, in the western part of Mongolia after sixty years. The animals have migrated from the Khom steppe of neighbouring Zavkhan Province.

Oyu Tolgoi to double gold production

Vancouver-based miner Turquoise Hill (TSX:TRQ) is expecting its majority-owned Oyu Tolgoi copper and gold mine in Mongolia to churn in 2018 more than double the amount of the precious metal forecast for this year, with operating costs dropping about 2.8%.

Mongolian herders supply to international cashmere brand

Luxury goods companies have increasingly opted to source their cashmere from Mongolia. As a result, the country’s exports of cashmere garments have nearly tripled from 2009 to 2016, according to a 2017 report by the Mongolia International Capital Corp. (MICC), a regional investment bank.

Mongolia developing eco-beauty brands

Several Mongolian eco-beauty brands are developing a new use for the tens of millions of yaks, goats and sheep on Mongolia’s vast steppes – a range of organic cosmetics and skin creams, often based on traditional recipes that are rapidly attracting attention from foreign buyers.

Mongolian coal export revenue increases three-fold

As of November, in 2017 Mongolia exported USD 1.9 billion worth of coal, practically all of it (USD 1.86 million) going to China. This represents a three-fold increase in Mongolian coal export revenue on the previous year with the country benefiting from global price increase and an upturn in the Chinese economy.

Man’ United FC’s Louis Saha arrives in Mongolia

Louis Saha, the former French forward of Manchester United F.C arrived in Ulaanbaatar earlier today (11 December). The 39 year-old star has been invited to participate in the Mongolian Football Federation’s ‘Golden Ball’ award ceremony which will be held on 12 December.