In November, Mongolia and India closed a $1.2 billion soft loan to finance Mongolia’s greenfield oil refinery plant in the South Gobi. To diversify Mongolia’s energy sector, Ulaanbaatar is …
Mongolian Government provides major boost to the country’s thriving tech sector with launch of ‘Mindgolia’ procurement portal
The Government of Mongolia is launching today its new online procurement portal – – reducing costs and bureaucracy related to the procurement of software solutions and providing a major boost to the …
New opportunities for Mongolia to strengthen private sector productivity, diversify economy – World Bank report
ULAANBAATAR —Mongolia has an opportunity to strengthen its business environment to create a more level-playing field for companies, particularly small and medium enterprises, (SMEs) and facilitate a m …
Mongolia trying to ‘diversify’ gas sector to get away from dependence on Russian neighbour
He called for such spending to be “reconsidered” and made clear that a developing nation like Mongolia cannot move away from coal mining – a major national industry – without international help. “We …
Squeezed between China and Russia, Mongolia’s herders feel pinch
Prices of flour and rice, among the basic staples Mongolia’s herders cannot produce themselves, have soared due to the war in Ukraine, with overall inflation running at an eye-watering 14.5 percent.
Rio Tinto completes $3.3 billion Turquoise Hill deal for larger share in Mongolia project
Turquoise Hill shareholders last week voted in favour of Rio Tinto’s $3.3 billion bid to take the Canadian company private after months of back and forth. Minority shareholders were against the deal …
Mongolia’s inflation stands at 14.5 pct in November
The annual inflation rate for Mongolia rose 145 percent year on year in November data by the country National Statistics Offic …
Mongolia to take mining firm public after protests over graft
People take part in a demonstration against government corruption at Sukhbaatar Square in Ulaanbaatar, Mongolia2, 2022. REUTERS/B. Rentsendorj …
Mongolia’s foreign trade up 27 pct in first 11 months
Mongolia saw its foreign trade turnover grow 26.6 percent year on year to 19 billion U.S. dollars in the first 11 months of this year, local media reported on Saturday, citing the Mongolian Customs …
Mass Protests in Mongolia Decry ‘Coal Mafia,’ Corruption
Many Mongolian politicians and business people feel aggrieved by expectations on Mongolia to atone for the environmental sins of developed countries when coal is one of Mongolia’s main resources and …