Erdenet Mining Corporation to establish a metallurgy-chemical plant complex
A metallurgy-chemical plant complex will be established in Bayan-Undur soum, Orkhon aimag. The operation permit for the industrial and technology park was given to Erdenet Mining Corporation at the cabinet meeting that took place on May 5.
Loans to be provided to support agriculture
3-percent interest rate employment support loans totaling MNT 639.3 billion have been given to 9,304 borrowers. Of the total loan amount, businesses borrowed MNT 353.3 billion and citizens MNT 286 billion.
Training on professional animal slaughtering and zero-defect hides and skins flaying technology held
With aim to support the aimag with value added livestock raw materials and commodities manufacturing including meat and leather, and market linkages, under the EU funded SECiM project, UNIDO is upscaling its intervention with “Animal slaughtering and zero-defect hides and skins flaying technology” training.
Export of meat and meat products to Russia discussed
On May 4, Ministry of Foreign Affairs, Investment and Research Center of the Ministry of Foreign Affairs, and the Embassy of Mongolia in the Russian Federation held a virtual consultative meeting on exporting meat and meat products from Mongolia to Russia with representatives of a Russian marketing firm that provides global consultancy services.
‘Tavantolgoi’ JSC to pay MNT 28.1 billion in dividends
The dividends will be paid to eligible shareholders through their accounts held at the Mongolian Central Securities Depository starting from April 21, 2021.
Oyu Tolgoi LLC releases its 2020 Year in Review
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company - a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto, published its Year in Review 2020 report today, May 5.
Mongolia’s first cryptocurrency - ArdCoin now listed on Bittrex Global
On April 30, 2021 - ArdCoin, Mongolia's first and currently the only cryptocurrency, is being listed on Bittrex Global, a world-class crypto-exchange. Founded in the USA, its international exchange services operations are based in Liechtenstein. Out of the 4,200 cryptocurrency projects listed on CoinMarketCap, ArdCoin has already penetrated the top 500.
Agriculture Minister holds virtual meeting with Italian Ambassador
Minister of Food, Agriculture and Light Industry, Vo-chair of Mongolia-Italy Intergovernmental Commission had a virtual meeting with Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Mongolia Laura Botta.
Mongolia becomes one of the seven Asian countries to have business and human rights programme
Today, UNDP Mongolia officially launched the “Business and Human Rights in Asia: Enabling Sustainable Economic Growth through the Protect, Respect and Remedy Framework” programme funded by the European Union Partnership Instrument and co-implemented by the Ministry of Foreign Affairs of Mongolia with the support from the UNDP Bangkok Regional Hub and Business and Human Rights Asia Programme.
Views exchanged on development of Tavantolgoi project
CEO of “Erdenes Mongol” LLC D.Khayankhyarvaa virtually met with Ambassador of France to Mongolia Philipp Merlin, exchanging views on a pilot project on production by “Badrakh Energy” LLC and the development of Tavantolgoi project.
Latest issue of ‘Inclusive Finance’ magazine by Financial Regulatory Commission published
The latest issue of monthly ‘Inclusive Finance’ magazine was published by the Financial Regulatory Commission (FRC) and has now reached to readers. This latest issue contains news and information about the financial sector.
Ard Financial Group adds Mongolian Securities Exchange to its portfolio
Ard Financial Group JSC (Ard) and its subsidiary Ard X LLC (DAX) have invested in and started a strategic partnership with the Mongolian Securities Exchange. This partnership opens the door for the development of the stock market and non-bank financial sector in Mongolia.
Deputy Governor holds virtual meeting with Trade Representative of Russia
Deputy Governor of the Capital City J.Sandagsuren had a virtual meeting with Maksim V.Vasilev, Trade Representative of the Russian Federation to Mongolia.
Business Confidence Index shows pessimistic results
On April 27, the Mongolian National Chamber of Commerce and Industry (MNCCI) presented results of 'Business Confidence Index 2020' Survey which aims to assess businessmen’s confidence on business environment by reviewing status and further changes of businessmen and citizens’ expectations.
Regulation on requirements for Professional Association of Real Estate Brokers adopted
At the seventh meeting this year of the Financial Regulatory Commission (FRC) dated April 14, 2021, a total of 31 issues were discussed and resolved.
Independent review on the cost overruns and schedule delays of the Oyu Tolgoi underground expansion
In November 2020, at the initiative of the Government of Mongolia, Erdenes Oyu Tolgoi LLC, through their nominated board members of Oyu Tolgoi LLC, submitted draft resolutions for the establishment of a Special Committee of the board of directors of Oyu Tolgoi LLC whose mandate is to appoint independent experts to conduct an independent review of the cost overruns and schedule delays of the underground expansion of the Oyu Tolgoi project.
Bogdkhan Railway Bypass Line project progress presented
On April 27, working group members delivered a presentation on the implementation progress, general plan and preliminary design budget and plan of the Bogdkhan Railway Bypass Line.
Training regulation by Financial Regulatory Commission approved
The Financial Regulatory Commission (FRC) organizes a range of trainings to develop the capacity of participants; professionals working in regulatory sectors, such as: securities, insurance, and others.
Mongolia proposes to implement project to develop green, competitive agriculture
A virtual roundtable meeting of the agriculture ministers of the East Asia and Pacific region nations was hosted on April 23 by the World Bank. The meeting – attended by representatives of the UN Food and Agriculture Organization (FAO), ASEAN General Secretariat and a number of other national and international organizations – was on the 2030 Food System under the theme "Building Back Better" in the Asia-Pacific region.
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade