Economy
Oyu Tolgoi announces Shaft 2 construction completion
Ulaanbaatar /MONTSAME/. On December 13, today, Oyu Tolgoi LLC celebrated the completion of Shaft 2 of the world-class OT underground project, which is a significant milestone for the project. 
2013 days
422.6 million pieces of securities traded at national stock market in the first 11 months
In the first 11 months of 2019, 422.6 million pieces of securities worth of MNT156.7 billion were traded at the national stock market, which was decreased by MNT 79.8 billion (33.7%) compared to the same period of previous year. The number of traded securities decreased by 89.9 million pieces (17.5%) compared to the same period of previous year.
2014 days
National currency in circulation shows 1.6 percent decrease at the end of November
The money supply (broad money or M2) reached MNT 20.4 trillion at the end of November 2019, showing a decrease of MNT 24.2 billion (0.1%) from the previous month, while it was increased by MNT 1.8 trillion (9.6%) from the same period of previous year.
2014 days
Revenue from railway transport increases by 15 percent
As of first 11 months of this year, 25.6 million tons of freight and duplicated number of 2.7 million passengers were carried by railroad transport. Compared with the same period of the previous year, the carried freight increased by 9.2 percent and number of carried passengers increased by 14.7 percent. Moreover, revenue from railway transport reached MNT 646.3 billion as of first 11 months of 2019 which shows the increase of 15.3 percent.
2014 days
Budget revenue amounted to MNT9.7 trillion
In the first 11 months of 2019, total equilibrated revenue and grants of the General government budget amounted to MNT 9.7 trillion and total expenditure and net lending amounted to MNT 9.2 trillion, resulting a surplus of MNT 486.7 billion in the equilibrated balance.
2015 days
Imports increase by USD53.5 mln against previous month
In the first 11 months of 2019, Mongolia traded with 150 countries from all over the world and total trade turnover reached USD 12.6 billion, of which USD 7.1 billion were exports and USD 5.6 billion were imports. 
2015 days
Sales of industrial production increase by MNT1.9 trillion in the first 11 months of 2019
In the first 11 months of 2019, the gross industrial output reached MNT 16.0 trillion, showing an increase of MNT 1.8 trillion (12.8%) from the same period of previous year. 
2015 days
Gobi Cashmere launches de.gobicashmere.com for the German customers
The Gobi Corporation, which introduces Mongolian cashmere products to the world, officially launched its online store (de.gobicashmere.com) for the German customers on December 6.
2016 days
One shaft of Asgat silver deposit opened up
Ulaanbaatar /MONTSAME/. A special license of exploitation of the Asgat silver deposit has been transferred to Erdenes Mongol LLC state owned company upon the government resolution of 16 January 2019. Now the company has been working to put the deposit into economic circulation, launching the collection of sampling and technical renovation works  in cooperation with the Mongolian emergency management officers. 
2016 days
10 Mongolian companies selected to export in the U.S. market
10 Mongolian companies that will export products to the U.S. market have been selected. 
2016 days
34.8 million tons of coal exported
According to first eleven months of 2019, Mongolia’s profit of coal export increased by USD 326.8 million dollars and profit of iron ore increased by USD 211.7 million which contributed the trade balance to be profitable. 
2017 days
Mongolia’s initiative for group of LLDCs in WTO introduced
S.Sukhbold, Ambassador and Permanent Representative of Mongolia to the United Nations took part in a session on trade facilitation held in New York on December 6.
2017 days
Tourism business owners of Mongolia and Turkey convene in Istanbul
A business forum for the Mongolia-Turkey tourism sector took place at Foreign Economic Relations Board of Turkey (DEİK) in Istanbul, Turkey on December 6.
2018 days
Mongolian delegates attending Silk Road business summit
The first Silk Road Business Summit is taking place in Zhangjiajie city, China.
2018 days
Meat exports to China to grow
Ulaanbaatar /MONTSAME/. An examination team on veterinary and quarantine of China is working in Mongolia this week to get familiarize with factories of heat processing meat for exports and hold talks with the Mongolian side on meat export growth.
2018 days
Business delegation of city of Oryol visiting Mongolia
Business delegation of the city of Oryol of the Russian Federation yesterday held a meeting with Mongolian business owners at Sky Plaza Center.
2021 days
Mongolia-Vietnam intergovernmental commission meeting held
On December 3-6, the 17th meeting of the Mongolia-Vietnam intergovernmental commission on trade, economic, scientific, and technical cooperation took place in Hanoi, Vietnam.
2021 days
Prime Minister meets Chairman of EEC Board
Prime Minister of Mongolia U.Khurelsukh met with Chairman of the Board of the Eurasian Economic Commission (EEC) Tigran Sargsyan in Moscow, Russia on December 4.
2021 days
BoM Governor meets IMF Resident Representative
Governor of the Bank of Mongolia B.Lkhagvasuren met with Resident Representative of the International Monetary Fund (IMF) in Mongolia Seok Hyun Yoon on December 4.
2022 days
Mongolian businesses participate in International Bazaar
Annual International Bazaar and Lotter, initiated by the United Nations Women's Guild, was organized at United Nations Office at Geneva on December 3. 
2022 days
Prime Minister Presents Nominees for Members of the Government to President of Mongolia 7 hours
Gankhaich Wins Bronze Medal at World Judo Championships 14 hours
State Great Khural Members Meet IMF Staff Team 16 hours
Mongolian Boxers Win 16 Medals at the World Boxing Cup European Series 2025 19 hours
Mongolia Promotes Its Culture at the Festival of Embassies in Prague 1 day
Mongolia to Cooperate with the United Kingdom in the Field of Mineral Resources 1 day
Open-Air Museum to Be Established on the Ruins of Old City of Kharakhorum 1 day
GMIT Celebrates Graduation of Eighth Cohort 1 day
“Mongol-B” Team Wins Gold Medal at the World Rapid and Blitz Team Championships 1 day
General Department of Taxation Awarded Silver Gender Equality Seal 1 day
Young People with Disabilities Launch Advocacy Campaign 1 day
This Week in Mongolia 1 day
Reconstruction of Kharkhorin City Begins 2 days
Early Detection for Autism Spectrum Disorders to Be Improved 4 days
Mongolian and International MMA Fighters to Participate in the “Khangarid Cup” 5 days
Uilstuguldur Altankhuyag Appointed Chief of Staff of the Office of the President of Mongolia 5 days
Mongolia-People’s Republic of China Joint Border Commission Agrees on Infrastructure and Security Priorities 5 days
“Chopiniana” and “Paquita” Ballets to be Staged at the Mongolian State Academic Theatre of Opera and Ballet 5 days
372 Athletes Will Receive Ranking Points for the Los Angeles 2028 Olympic Games 5 days
“Morin Khuur” Play Named Best at Baikal Mascot International Theater Festival 5 days
34th Prime Minister Zandanshatar Gombojav Receives Government Seal of Mongolia 5 days
People's Artist E. Amartuvshin Named One of the World's Top Five Opera Singers 5 days
Gold, Mined by Artisanal and Small-Scale Miners of Mongolia to Be Supplied to International Jewelry Companies 5 days
Zandanshatar Gombojav Appointed as Prime Minister of Mongolia 5 days
Student Police to Provide Assistance and Information for Tourists in Ulaanbaatar 5 days
Center of Excellence for English Language Teaching Opens in Ulaanbaatar 5 days
FIDE World Rapid and Blitz Team Chess Championships 2025 Underway 5 days
Standing Committee on State Structure Approves Proposal to Appoint Zandanshatar Gombojav as Prime Minister 6 days
President of Mongolia Submits Proposal to Nominate Zandanshatar Gombojav as Prime Minister of Mongolia to Parliament 6 days
Construction Work on 41 Hectares of Selbe Sub-Center Project Open for the Private Sector 6 days
Asia Folk 2025 Festival to Be Held for the Seventh Year in Ulaanbaatar 6 days
Lawyer Robert Painter: “It’s a Joy to See the T-Bataar Back Home and Smiling Happier Than Ever” 6 days
“Khasyn Khuleguud” Team Advances to the Semifinals of the Basketball Champions League Asia 2025 6 days
Asia Reference Center for Election Observation to Be Established in Mongolia 6 days
Mongolia Participates in the 113th Session of the International Labor Conference in Geneva 6 days
Draft Law on Amendments to the Law on the State Great Khural Submitted 6 days
Playtime Festival to Welcome 100,000 Attendees 6 days
Mongolian Boxers Claim Twelve Medals at World Boxing Cup European Series 2025 6 days
Mongolia Celebrates Buddha Day Nationwide 7 days
Mongolian Basketball Team “Xac Broncos” Advances to Basketball Champions Asia Quarterfinals 7 days
Mongolian Judokas to Compete in the 2025 World Judo Championships Depart for Budapest 7 days
“Danshig Naadam - Khuree Tsam 2025” to Be Held on June 27-29 7 days
Ministry of Environment and Climate Change of Mongolia and the Global Land Initiative to Cooperate in Combating Desertification and Land Degradation 8 days
Silver Gerege Discovered on the Territory of Mongolia for the First Time 8 days
Buddha Day: A Day of Compassion, Empathy, and Loving Kindness 8 days
Honorary Reception Commemorating 75 Years of Mongolia-Poland Relations Held 8 days
Contract for the Construction of Gashuunsukhait-Gantsmod Cross-Border Railway Signed 8 days
Aviation Meteorological Center Introduces ISO 9001:2015 Quality-Management System 8 days
MPP Nominates Zandanshatar Gombojav for Prime Minister of Mongolia 8 days
Mongolian Youths to Study U.S. Political Systems Under MUNCEP-2025 8 days
Davaadalai Tumendalai: Solid Construction Waste Can Be Recycled and Put Into Economic Circulation as Gravel and Aggregate 9 days
“Students' Grove” Established at NUM Training and Research Center in Kharkhorin 9 days
Mongolian Chess Players to Compete in the FIDE World Rapid and Blitz Team Chess Championships 9 days
The "Mongolian Gallery" Exhibition Opens in Calgary City of Canada 9 days
The "Czech Villadom" Project to Provide Green Housing for 40 Households Launches 9 days
Legal Regulations Protecting Taxpayers’ Rights and Interests Enforced 9 days
Acting Foreign Minister of Mongolia Receives Non-Resident Ambassador of Oman to Mongolia 9 days
Third State Central Hospital Introduces Surgery for Deep-Seated Brain Tumors 9 days
This Week in Mongolia 9 days
Honorable Mr. Ban Ki-moon Donates MNT 180 Million in Support of the “Billions of Trees” National Movement 11 days
Impressions and Insights of the Distinguished Guests of the Sustainability Dialogue 2025 11 days
Strings of the Soul: Fiddleland Ensemble in Concert 11 days
State Great Khural to Prioritize Strengthening Legislation Against Cybercrime 12 days
Construction of Ulaanbaatar Cable Car Project in Progress 12 days
President of Mongolia and the 8th UN Secretary-General Plant Trees in Peacekeepers' Grove 12 days
Ulemj Damiran: Countries are Focusing on Energy System Security 12 days
Muralee Thummarukudy: Mongolia Hosting COP17 Will Be a Turning Point for Global Rangeland Action 12 days
Khurelsukh Ukhnaa: Mutual Understanding and Cooperation are Crucial for Mitigating Climate Change 12 days
Second Phase of the IFC Green Finance Market Development Project Launches 12 days
Mongolia Secures the Right to Host the Asian Individual Chess Championships in 2026 12 days
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