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 …
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 …
ADB, Tavan Bogd Group Sign Loan to Support Food Security, Inclusive Business in Mongolia
Ulaanbaatar Flour (UBF), Tavan Bogd Foods (TBF), and Tavan Bogd Foods Pizza (TBF Pizza) today signed an $18 million loan to support food security and job creation in Mongolia. This assistance will hel …
China, Mongolia aim to stop spread of shared desert that threatens mining and agriculture on both sides
As arid land spreads and sandstorms intensify, the neighbouring nations will jointly deploy advanced technology to address a problem that has worrisome implications for both sides.