Board members to discuss after Ts, Sandui be examined by IAAC again


MPP’s board member meeting was planned to start at 11 a.m. but it was waited till 14 p.m.   Issue about whether to dismiss Ts.Sandui was talked during the meeting but they concluded to re-discuss about it after the Ts. Sandui’s investigation of IAAC.   Deputy Minister U.Khurelsukh who is rumored to have been worked… Read more »

Court decided to ban Centerra Gold Company from doing any exploration


Court trial on terminating four licenses of Centarra Gold LLC which does exploration in Selenge province Mandal municipal region, was held in the appeal court of Capital City.   The plaintiff representatives were Leader of “Save Mister Mountian” movement O.Tserennadmid, Parliament member Kh.Bolorchuluun, Leader of “Bosoo Khukh Mongol” P.Shinjeerawdan and advocates. The defendant was Mineral… Read more »

Economy grew by 5.3% in the first half of 2017


National Statistics Commission reported that Mongolia’s GDP is now equal to MNT 7.6 trillion for the H1FY2017 which has increased by MNT 380.9 billion or by 5.3% compared to the same period of last year.   The main factors to the growth was even though industrial and building taxation decreased by MNT 60.3 billion /2.5%/,… Read more »

Chile's Codelco preparing investment in Mongolian copper


Chilean state miner Codelco [COBRE.UL], the world’s second largest producer of copper, is preparing to invest in far afield Mongolia as the copper market improves, the company’s chief executive told Reuters on Friday.   In an interview as part of the Reuters Latin American Investment Summit in Codelco’s copper-coated offices in downtown Santiago, Nelson Pizarro… Read more »

Mongolian President’s first interview


Mongolian President Kh.Battulga attended a TV program “Periodic Aspecs” and stated his position on issues that people are concerning. This was the first interview with President through social media. It has been 30 days since his Inauguration Ceremony. So his aspect on such issues were:   On current political condition: President’s day starts with morning… Read more »

Tavan Tolgoi’s revenue reaches 255 billion MNT


Tavan Tolgoi released its financial results for the second quarter of 2017. The company reported 255 billion MNT in revenue, 44% more than the annual revenue of 2016. Profits reached 57.2 billion MNT, exceeding the annual profits earned in 2016. In 2016, the company extracted 4 million tons of coal and exported 98% of it…. Read more »

P. Sergelen: Can export meat and meat products to Vietnam


The Mongolian and Vietnamese trade turnover is targeted at $ 70 million in 2020, highlighted during the 16th session of the Intergovernmental Commission of the two countries.   The meat and meat products from Mongolia have been negotiated to supply food and seafood from Vietnam. By 2016, bilateral trade turnover reached $ 43 million. Exports… Read more »

The President’s Office Addressed to the Ministry of Finance on cooperating with international organizations on offshore issue


Head of the President’s Office Z.Enkhbold sent official document to the Ministry of Finance on cooperating with international organizations on the offshore account issue. On the document   President of Mongolia Khaltmaa Battulga is working on getting back assets that were illegally set in offshore accounts and decreasing debt pressure.   Within this framework, we… Read more »

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