Mining
Guarantee Insurance, Responsibility in the Economy and Methods of Implementation Training Meeting Held
On 29 Nov, the Financial Regulatory Commission of Mongolia (FRC), together with the National Reinsurance JSC and the Seoul Guarantee Insurance Company, organized a training meeting on "Guarantee Insurance, its role in the economy and methods of implementation" in order to expand the insurance market and develop insurance guarantees, which is a big impetus to the economic development. Mr. G.Temulen (Member of Parliament and Chairman of the Parliamentary Standing Committee on Budgets), the Financial Regulatory Commission, Ministry of Finance, Central Bank of Mongolia, Credit Guarantee Fund, Deposit Insurance Corporation of Mongolia, Mongolian Insurance Association, National Reinsurance JSC and other representatives of insurance companies attended the training meeting.
757 days
President U. Khurelsukh Receives Mongolia-Japan Economic Committee Members
Within the framework of his state visit to Japan, President of Mongolia U. Khurelsukh today received the members of the Mongolia-Japan Economic Committee headed by Tsubai Hiroyuki.
759 days
Tapan Mishra: Global crises affecting Mongolian society and the economy as a whole
The United Nations Resident Coordinator Office, the United Nations Development Programme, and the Ministry of Economy and Development of Mongolia jointly organized the “Socio-Economic Impact of Global Crises in Mongolia” seminar and workshop at Novotel Hotel on 21 November 2022.
765 days
Mongolia`s GDP expands by 3.7% in first 3 quarters
Ulaanbaatar /MONTSAME/. By production approach, Mongolia`s Gross Domestic Product (GDP) totaled MNT 35.2 trillion (over 10.3 billion U.S. dollars) in January- September period, which increased by MNT 5.3 trillion (17.7%) from the same period of the previous year. 
767 days
“The first state budget to be implemented in a year of austerity”
Last week, on November 11, the State Great Hural approved the 2023 State Budget of Mongolia. At a time when the whole world is trying to strengthen its economy by switching to austerity mode, how Mongolia budgeted its budget is drawing people's attention. The current budget is unique in that it was approved at a time of uncertain risks, from the need to keep the inflation rate at a single digit in the next year to the impact of geopolitical and war issues.
772 days
Fintech lending debt-to-income ratio regulated to be 70 percent
Technology-based loaning or Fintech lending rose 40 percent, and fintech borrowers accounted for 88.8 percent of the 1.6 million Non-bank Financial Intuitions (NBFI) borrowers.
773 days
FRC delegation participate in IAIS annual conference
A delegation led by Vice-Chairman of the Financial Regulatory Commission of Mongolia N. Khuderchuluun attended the International Association of Insurance Supervisors (IAIS) Annual Conference, held in Santiago, Chile.
774 days
Parliament approves 2023 State Budget
The State Great Hural of Mongolia has approved the 2023 State Budget.
774 days
"Golomt Bank" LLC has registered shares to be issued as public offer
A total of 31 issues were discussed at the 20th regular meeting of the FRC (9 November 2022), and decided to register the ordinary shares of "Golomt Bank" LLC in the register of securities approved for public offering.
777 days
Commemorative coins released for the 50th anniversary of diplomatic relations with Japan and Australia
The Bank of Mongolia has issued commemorative coins for the 50th anniversary of the establishment of diplomatic relations between Mongolia and Japan, and Mongolia and Australia.
778 days
“Erdenes Tavantolgoi” company to not agree on upfront payment terms
During its regular meeting dated October 26, the Cabinet made a decision to impose an emergency regime for “Erdenes Tavantolgoi” state-owned enterprise for six months, assigning State Secretary of the Ministry of Finance J. Ganbat as the Government’s Special Representative to take relevant measures to improve the company’s operations and management and increase the revenue.
778 days
Mining Minister becomes acquainted with operations of Yancoal mining company
Representatives of the Ministry of Mining and Heavy Industry visited Mount Thorley Warkworth coal mine of Yancoal mining company, which operates in the Hunter Valley of New South Wales, Australia, on 04 November 2022.
780 days
Mining minister J. Ganbaatar met with Minister for Resources of Australia
Minister of Mining and Heavy Industry of Mongolia J. Ganbaatar, who is participating in the “International Mining and Resources Conference (IMARC) 2022", met with Madeleine King, Minister for Mineral Resources and Minister for Northern Australia.
783 days
Possibilities of attracting investment in geological exploration discussed
J. Ganbaatar, Minister of Mining and Heavy Industry, met with Demus King, General Manager of Trade, Investment, and Investor Relations of the Minerals Council of Australia.
783 days
Mining Minister delivers speech at IMARC Mines & Money Conference
During his working visit to Sydney, Australia, Minister of Mining and Heavy Industry of Mongolia J. Ganbaatar delivered a speech on "Resources and Opportunities of Mongolia's Mineral Resources Industry" at the IMARC Mines & Money Conference.
783 days
Mining Minister participating in IMARC 2022
Minister of Mining and Heavy Industry of Mongolia J. Ganbaatar is participating in the “International Mining and Resources Conference (IMARC) 2022. On the sidelines of his participation in the event, the Minister met with Mr. Bandar bin Ibrahim Alkhorayev, Saudi Arabia`s Minister of Industry and Mineral Resources, and Shri Vivek Bharadwaj, State Secretary of the Indian Ministry of Mines.
784 days
All Ministries to be involved for preparations for "Years to Visit Mongolia"
The government has announced 2023 and 2024 as the “Years to Visit Mongolia”. The Ministry of Environment and Tourism informs that within the framework of the project that will launch at the beginning of next year, all the ministries including all the relevant branches of digital communication, intercommunication, road, transportation, air transport and services will be involved in coordination.
784 days
300 women representing SMEs and businesses gather to discuss “Green Labelling and Green Financing” in Mongolia
The “Green labelling and Green financing” conference was organized by the Ministry of Environment and Tourism and the EU-Switch Asia financed new project “Switching on the Green Economy”, implemented by People in Need. More than 300 women working in SMEs and businesses gathered to discuss green labelling and financing – vital tools to realize sustainable production and consumption in Mongolia.
787 days
Number of trucks transporting coal from Tavantolgoi to Tsagaankhad to be increased
The State Committee for Port Revitalization held its first meeting on 28 Oct 2022. Within the framework of implementing the Government's Resolution No. 362 of 5 Oct 2022, the concern of increasing the export volume of mineral products, which has a significant impact on the formation of Mongolia's budget revenue, and the state's foreign currency reserves, was discussed at the meeting.
787 days
Mongolia-China intergovernmental commission convened
The 17th meeting of the Intergovernmental Commission between Mongolia and China on Trade, Economic, Scientific, and Technological Cooperation was held on October 27.
790 days
Draft Resolution on Strategically Important Projects Submitted to the Parliament 9 hours
The latest issue of Mongolia Today Magazine is now available, December 2024 10 hours
Mongolian Play to Open International Theater Festival “MITEM” 10 hours
Draft Resolution on Guidelines for Cross-Border Railway Project Agreement to Be Submitted 10 hours
Museum Visitors in Mongolia Surged by 40 Percent, Reaching 1.1 Million 11 hours
Coal Export of Mongolia Expected to Surpass 80 Million Tons 13 hours
Feasibility Study for National Satellite Project Completed 13 hours
Late Mountaineers Usukhjargal and Purevsuren to Be Awarded the Title "International Master of Sports" 14 hours
Joint Project to Improve Road Maintenance in Mongolia Ongoing 14 hours
The Government of Mongolia Designates 2025 as the Year to Resolve Ulaanbaatar City's Pressing Issues 14 hours
Israel’s Agency for International Development Cooperation to Support "Billion Trees" National Movement 1 day
Draft Amendment to the Law on Credit Information Submitted to the State Great Khural 1 day
Mongolia Begins Exporting Live Sheep to Uzbekistan 1 day
MNT 4 Trillion Generated in the Future Heritage Fund of Mongolia's Sovereign Wealth Fund 1 day
Development Bank and Ministry of Environment of Mongolia to Collaborate on Attracting Green Finance 1 day
Bogd Bank and FMO Begin Cooperation to Support SMEs and Green Projects in Mongolia 2 days
Over 636,000 Mongolians Use the What3Words Application 2 days
China Expresses Readiness to Resolve Gashuunsukhait-Gantsmod Cross-Border Railway Project Issues 2 days
Mongolian Student in Moscow Khairat Makes Debut Performance 2 days
Digital Transformation and Development of Artificial Intelligence Discussed 2 days
Introducing Mongolian Sumo Wrestlers Listed in the Banzuke for the 2025 First Basho 3 days
Ambassador of Mongolia to Colombia Presents Copy of Letter of Credence 3 days
Mongolian Judokas Earn Seven Medals from the Russian Judo Tour 4 days
Mongolian and Japanese Airports to Exchange Best Practices and Enhance Service Quality 4 days
Mongolian and Colombian Citizens Can Travel Visa-Free for Short-Term Visits 4 days
Mongolia's Sovereign Wealth Fund Renamed “Chinggis Fund” 4 days
This Week in Mongolia 4 days
Japan to Fund Renovation of Secondary School No. 1 in Sagsai Soum, Bayan-Ulgii Aimag 6 days
Political Consultation Between the Foreign Ministries of Mongolia and Oman 7 days
Reducing the Shortage of Teachers and Enhancing Teacher Recognition 7 days
Thirtieth Anniversary of the Mongolia-Japan "Partnership Association" Celebrated in Ulaanbaatar 7 days
Mongolia and India to Expand Cooperation in Culture, Sports, Tourism, and Youth Development 7 days
The Government of Mongolia Raises Pensions by Six Percent 7 days
The Second Consultative Meeting between the Ministries of Foreign Affairs of Mongolia and Canada Takes Place in Ottawa 8 days
“Chimney-Free Zone” to Be Established in Ulaanbaatar 8 days
"Tengeriin Elch" Historical Opera to Delight Audiences 8 days
Green Bond Issued for Waste Recycling 8 days
Baganuur 50 MW Battery Storage Power Station Supplies Energy to Central System 8 days
The Second National Oncology Center to Be Constructed in Ulaanbaatar 8 days
Mongolia and the UN Review Progress of Sustainable Development Cooperation Framework 2023-2027 8 days
Deputy Chairman of the State Great Khural of Mongolia Receives Ambassadors of the French Republic and the European Union 8 days
The Urban Planning Administration Overseeing the Development of New Kharkhorum City 8 days
Human Remains Dating Back 25,000 Years Discovered in Mongolian Gobi Desert 8 days
Hunnu Aristocrats' Burial Complex to Be Registered as World Cultural Heritage 8 days
Presenting New Research Findings on Mongolian Literature Written in Tibetan 8 days
Ambassador of Mongolia to the People’s Republic of China Enkhbold Nyamaa Presents Letter of Credence 9 days
Murun Purevdorj to Compete in the "2025 Dakar Rally" 9 days
Mongolian National Team Wins 79 Medals in 2024 9 days
Zandanshatar Gombojav Elected President of the Mongolian Chess Federation 9 days
Mongolian Athletes Improve Their Rankings by 36-78 Positions 9 days
Thirty World Records Set During the 2024 Weightlifting World Championships 9 days
Draft Resolution on Commemorating the 130th anniversary of the birth of Sambuu Jamsran Submitted 9 days
Mongolian Aviation Sector Marks an Unprecedented Accomplishment in its History 9 days
A Modern Laboratory for Restoration of Cultural Artifacts Now Operational 9 days
Savings in the National Currency of Mongolia Increased by MNT 5.4 Trillion 9 days
This Week in Mongolia 11 days
Mongolia Provides 360 Panoramic Photos to Google Maps 13 days
Przewalski Horses to Be Reintroduced to Numrug with Czech Support 13 days
Central Bank of Mongolia Decides to Keep Policy Interest Rate at 10 Percent 13 days
Mongolian University of Science and Technology Decorates Its Classroom with the World's Heaviest Metal 14 days
Law on Budget of Mongolia for 2025 Approved 14 days
Mongol Nomad Migration Recognized as Intangible Cultural Heritage of Humanity 14 days
ADB-Funded Projects in Darkhan-Uul Aimag Supporting Mongolia's Regional Development 14 days
Asian Development Bank Projects Yielding Positive Results in Selenge Aimag 14 days
The Capital’s First Four “Job Centers” Have Opened Their Doors 15 days
Certificate of Origin for Products Exported to Japan to Be Issued Digitally 15 days
President of Mongolia Khurelsukh Ukhnaa Visits Milk Farms 15 days
Direct Flights from Ulaanbaatar to Ho Chi Minh City Officially Launched 15 days
The Trade and Development Bank JSC Recognized as the “Best Corporate Bank of 2024” by Euromoney Magazine 16 days
Mongolia and Germany Agree to Convert Debt into Public Health Investments 16 days
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