(25 Nov 2015)Mongolia and China are working together to construct an energy-complex based on strategically important Shivee-Ovoo coal mine.Mongolia is assigned to supply continuously 34 million tons per year to successfully implement the project. So, Erdenes MGL LLC and Shine Shivee LLC owning exploitation licenses of the mine must reach an agreement in order to… Read more »
(24 Nov 2015)Mrs. Z.Narantuya chair of the Financial Regulatory Commission gave detailed interview in relation to current emerging market scenario, vision, challenges and trends of the market. She considers that financial market structure must be developed in balanced and sustainable manner.Trade index of Mongolian stock exchange reached its historical lowest level and as a regulator,… Read more »
(23 nov 2015) A Mongolian delegation led by State Secretary of the Ministry of Energy D.Delgertsogt attended the Scaling Up Renewable Energy in Low Income Countries Program (SREP) Sub-Committee Meeting, held on November 11 in Washington, D.C., where it was decided that 30 million USD would be granted for supporting renewable energy in Mongolia. Mongolia… Read more »
20(20 Nov 2015)Once a favorite of frontier-market investors, the outlook for Mongolia’s mineral-rich economy is deteriorating as the commodity super cycle turns negative and China, practically the sole buyer of its exports, slows.Foreign investment has evaporated and international observers, who were among Mongolia’s early boosters, are cutting their forecasts and raising concerns over the sustainability… Read more »
(19 Nov 2015) FRC Chairwoman Mrs. Narantuya Zagdkhuu met Mr. Carlson Tong, Chairman of Hong Kong Securities and Futures Commission /SFC/ and Mr. David Graham, Director of Hong Kong Exchange Group /HKEx/ during her participation on regular meeting on “Mongolian Investment Summit” which was organized in Hong Kong.As a result of the meeting with the… Read more »
(06 Nov 2015) Oyu Tolgoi recorded revenue of $431.7 million in Q3’15 on sales of 226,000 tons of concentrate, a 2.5% increase over Q2’15, reflecting higher sales volumes partially offset by lower copper prices. Turquoise Hill reported income from continuing operations attributable to shareholders of $44.0 million. Turquoise Hill generated operating cash flow before interest… Read more »
(04 Nov 2015) Chile’s state-owned copper giant Codelco’s announcement today of another round of layoffs is just the latest sign of an industry under stress. Copper has recovered from six-year lows struck late August on the back of supply cuts by major producers but at around $2.30 a pound or $5,000 per tonne on Tuesday there isn’t… Read more »
(03 Nov 2015) It has been eleven months, since the “Transparency (Glass) Account Law” was launched. Since then, 6100 Budget organizations and State Property organizations have disclosed their account information to the public. The Government informed that: “As of 29th October, approximately 230,000 items of information under 23 categories have been officially and legally made… Read more »
(02 Nov 2015) At its plenary meeting last Friday, the parliamentary session passed a clarification of the 2015 state budget.The budget clarification was adopted after running final discussions of the frameworks of the 2015 budget, draft amendments to the laws on 2016-2017 budget assumption, on the 2015 budget, on the 2015 budgets of the Human… Read more »
“The Government and the related organizations have granted the most necessary licenses for the OT project. There are chances to conclude the lending of the first phase financing for the OT’s underground mine development project of USD 4.2 billion from 19 international banking and financial institutions before the end of 2015. It is in procedure… Read more »
