Global commodity trader Trafigura expects to set aside a $1.1 billion provision against misconduct by individuals in its Mongolian petroleum products supply business after an internal review, it said …
Trafigura Expects to Take $1.1-Billion Hit From Misconduct in Mongolia Business
Trafigura, a Geneva-based commodity trading house, said it will likely lose $1.1 billion due to misconduct in its Mongolia petroleum … to restate last year’s financial statements.
Made for Mongolia
Italo Calvino, Invisible Cities The Oyu Tolgoi copper mine, the largest financial project in the history of Mongolia, has just begun producing minerals. It is expected to generate nearly 80 billion …
The Mongolia-US Strategic Partnership Under the Biden Administration
Throughout history, changes in U.S. administrations have shaped Mongolia-U.S. bilateral relations and economic activities. How had Biden’s term impacted the relationship?
Commodity giant Trafigura faces $1.46 billion hit after Mongolia fraud probe
and the Mongolia loss will add more pressure to earnings that were already in retreat due to lower market volatility. Trafigura is preparing to record the US$1.1 billion provision when it reports …
Rio Tinto to trial battery swap trucks at Mongolia’s Oyu Tolgoi copper mine
Rio Tinto will trial battery swap technology for electric haul trucks at the Oyu Tolgoi copper mine in Mongolia by partnering with China’s State Power Investment Corporation (SPIC). The two-year …
Inner Mongolia Yili Industrial Group Co. Ltd. A
Yan Fang Wang Chairman-Supervisory Board Inner Mongolia Yili Industrial Group Co., Ltd. Gang Pan Chairman & President Inner Mongolia Yili Industrial Group Co., Ltd. Cheng Xia Zhao Chief Financial …
Inner Mongolia Kicked Off Its 2024-2025 Winter Tourism Season — A Winter Wonderland Beckons for a Romantic Getaway
On November 7, Inner Mongolia kicked off its 2024-2025 winter tourism season with the launch of the “Song Tour of Inner Mongolia – Joyful Ice and Snow Season” in Yakeshi City. Organized by The …
Trafigura Faces $1.1 Billion Hit After Mongolia Fraud Probe
Trafigura discovered the issue in its Mongolian business in late 2023 … billion provision when it reports annual results for the financial year ended in September. The company, which previously …
Trafigura Faces $1.1 Billion Hit After Mongolia Fraud Probe
Trafigura Group is preparing to take a $1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business. Most Read from BloombergNY Transit Agency Takes …