Lkhagvasuren: Domestic Companies Need to Carry Out Mining Transportation
Ulaanbaatar, March 14, 2023 /MONTSAME/. On March 9, the Governor of the Bank of Mongolia Mr. Lkhagvasuren presented on the current economic situation to the journalists.
GDP of Mongolia Increased by 2.1 Percent
In the fourth quarter of 2022, GDP per person employed (at 2015 constant prices) was MNT 6.6 million. In 2022, the GDP per person employed was MNT 23.2 million, which increased by MNT 473.4 thousand (2.1%) compared to the previous year.
Mongolia Commences Fourth Large-Scale Underground Mine in the World
The primary extraction of the underground mine, which uses block-caving mining techniques to extract the ore at a depth of 1.3 kilometers underground, has been officially commenced.
Mongolian Day at PDAC 2023
The Word’s Premier Mineral Exploration and Mining Convention was held between March 5-8 in Toronto, Canada.
BoM Purchases 701.2 kg Precious Metals in February
In February 2023, the Bank of Mongolia (BoM) purchased 701.2 kg of precious metals.
Gross Industrial Output Increases by 2.2 Times More from the Previous Year
According to the National Statistics Office of Mongolia, by the preliminary results of January, the gross industrial output reached MNT 2.7 trillion, which increased by MNT 1.4 trillion (2.2 times more) from the previous year.
“Ring the Bell for Gender Equality” Ceremony Organized at the MSE
The Mongolian Stock Exchange (MSE) organized the “Ring the Bell for Gender Equality” ceremony for the seventh year on March 7. The ceremony is organized globally by the stock exchanges to raise awareness of the importance of gender equality in businesses and sustainable development on the occasion of International Women’s Day.
Singapore-Mongolia Business Meeting to Take Place Virtually
“Propelling Business through Green Initiatives” themed Singapore-Mongolia Business Matching Webinar will take place online on March 09.
Domestic Construction Enterprises Completes 98.0% of Construction and Capital Repairs
According to the National Statistics Office of Mongolia, construction, capital repairs and maintenance reached MNT 6.3 trillion, of which MNT 6.2 trillion (98.0%) were completed by the domestic construction enterprises and MNT 124.4 billion (2.0%) were completed by foreign enterprises in 2022.
High-Level Forum on Clean Air 2023, Ulaanbaatar
The High-Level Forum on Clean Air is being jointly organized by the Ministry of Environment and Tourism of Mongolia and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on 2-3 March 2023 in Ulaanbaatar, Mongolia.
Gashuunsukhait Checkpoint to Become International Port
Gashuunsukhait port, which handles 50-60 percent of coal exports, to become an international port that operates 24/7.
MSE Trade News
Mongolian Stock Exchange (MSE) JSC traded 1,385,758 shares of 45 companies by MNT 237,304,869 on March 01.
Discussion on “Electronic Trading of Export Coal” Organized Successfully
To set actual market prices of coal and ensure accurate, and prompt delivery of trading information to sellers, buyers, and other participants, the discussion on “Electronic Trading of Export Coal” was held successfully at Premier Tuushin Hotel on February 27.
Coal Transportation Arranged by Mines and Coal Producers
Road transportation plays a vital role in the electronic trading of coal, as transportation costs account massive part of the coal trade. According to the Plenipotentiary Representative of Government for “Erdenes Tavantolgoi” Company J. Ganbat, tendering the transportation companies aims to make coal transportation more transparent and reduce transportation costs.
“E-Trans Logistics” JSC to Distribute Dividends
According to the Resolution of the Board of Directors meeting of “E-Trans Logistics” JSC, the Board approved distributing dividends of MNT 3.00 per share from net profits of 2022.
Preliminary Balance of Payment for 2022
According to the National Statistics Office, the current account balance of payment was in deficit of USD 2.9 billion in 2022 and increased by USD 767.3 (36.4%) million compared to the previous year.
“Tavantolgoi” JSC to Distribute Dividends
Ulaanbaatar, February 27, 2023 /MONTSAME/. The Board of Directors of “Tavantolgoi” JSC held a meeting on February 25 and made a decision to distribute dividends.
Export Decreased by 22.8% Compared to the Previous Year
Mongolia traded with 107 countries worldwide in January 2023, and the total trade turnover reached USD 1.8 billion, of which exports were USD 1.1 billion and imports were USD 688.0 million.
MSE Trade News
Mongolian Stock Exchange (MSE) JSC traded 783,178 shares of 50 companies by MNT 274,383,207 on February 24.
Mongolian-Austrian Business Forum by WKO in Vienna
Ulaanbaatar, February 24, /MONTSAME/. The Embassy of Mongolia in Austria, the Mongolian National Chamber of Commerce and Industry, and the Austrian Economic Chamber (WKO) will jointly organize Mongolian-Austrian Business Forum on March 16-22 in Vienna at WKO Building.