Mining
Exports decreased by 28.2 percent
In the first half of 2020, Mongolia traded with 135 countries from all over the world and the total trade turnover reached USD 5.3 billion, of which USD 2.8 billion were exports and USD 2.5 billion were imports.
1780天
S&P reaffirms Mongolia's 'B' ratings with stable outlook
Standard & Poor's (S&P) Global Ratings has affirmed its 'B' long- and short-term sovereign credit ratings for Mongolia. 
1790天
BoM purchases 2.3 tons of precious metal in June
In June 2020, the precious metal purchase of the Bank of Mongolia (BoM) was 2.3 tons, raising the BoM’s total precious metal purchase of 2020 to 10.8 tons, of which 9.1 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 4.8 tons compared with the same period of previous year.
1793天
Trilateral meeting held with ADB
A trilateral meeting have been held between Minister of Finance Ch.Khurelbaatar, Minister of Road and Transport Development B.Enkh-Amgalan and ADB Country Director in Mongolia Pavit Ramachandran.
1794天
The second consultative meeting held between Mongolia and the EAEU
The second consultative meeting on setting up a joint working group in charge of studying the possibilities to establish Free Trade Agreement between Mongolia and the Eurasian Economic Union (EAEU) took place virtually yesterday, July 2.
1796天
Oyu Tolgoi mine design confirms project schedule, cost ranges and update to Ore Reserves and Mineral Resources
Rio Tinto has issued a press release that Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting this to the Government of Mongolia. 
1797天
Investment agreement concluded with start-up businesses
“Socratus Studio” LLC is implementing a business development program, making investment to start-up companies.
1797天
ADB, Mongolia Sign Projects for COVID-19 Shock Response, Economic Cooperation Zone, Solid Waste Management
The Asian Development Bank (ADB) and Government of Mongolia today signed three projects to lessen the socioeconomic impacts of the coronavirus disease (COVID-19) pandemic on poor and vulnerable groups in Mongolia, to help support Mongolia’s post-pandemic recovery by developing an economic cooperation zone, and improve solid waste management.
1798天
FATF reviews Mongolia’s effort on AML/CFT
On June 30, the Financial Action Task Force (FATF) released the result of the review process of Mongolia’s effort on anti-money laundering and combating the financing of terrorism (AML/CFT) as noted below:
1798天
Coal export falls by 2.1 times
According to the first six months of 2020, Mongolia’s total export has decreased by 40.6 percent or USD 1.5 billion compared with the same period of the previous year.
1799天
Behind ADB’s Response to Mongolia’s COVID-19 Crisis
While Mongolia’s quick action averted a public health disaster over COVID-19, it has faced economic challenges, requiring quick assistance from ADB.
1800天
Central bank decides to keep policy rate unchanged
At its scheduled meeting held on June 26, the Monetary Policy Committee of the Bank of Mongolia decided to keep the policy rate unchanged, considering the current macroeconomic and financial market developments, their prospects, and uncertainties in the domestic and external environment.
1800天
Trade and Development Bank, Ulaanbaatar City Bank have merged
On June 29, it was announced that out of 13 banks operating in the banking sector of Mongolia, Trade and Development Bank (TDB), the oldest bank with 30 years of history and Ulaanbaatar City Bank (UBCB), another systemically important bank with 21 years of history are officially merging.
1801天
Agreement reached on a preferred long-term power supply for Oyu Tolgoi
Rio Tinto, who owns 66 percent in Oyu Tolgoi through its 51-percent-owned Turquoise Hill Resources on June 28 issued a press release stating that Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi.
1801天
Central bank supplies USD 114.4 million to market
Over the past few days, the Bank of Mongolia supplied a total of USD 114.4 million through foreign currency auction to commercial banks in the e-platform of currency trading.
1804天
ADB: Sustained Reforms Crucial for Mongolia's Long-Term Growth
Mongolia can build a more inclusive and sustainable economy by improving macroeconomic management, strengthening human development, increasing international trade, and diversifying the economy by building on the country’s existing knowledge and expertise, including in the mining sector, says a new Asian Development Bank (ADB) Country Diagnostic Study.
1804天
$20 Million Credit to Support Employment Opportunities, Workers, and Employers in the Wake of COVID-19
On June 19, The World Bank’s Board of Executive Directors approved a US$20 million IDA credit for the Mongolia Emergency Support and Employment Support Project. 
1808天
AIIB approves first loan to Mongolia in support of COVID-19 response
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of USD100 million to Mongolia to support its COVID-19 Rapid Response Program, which aims to mitigate the adverse health, social and economic impacts caused by the pandemic and to alleviate poverty. This is AIIB’s first project financing in the country.
1810天
Mongolia extracted 839.7 thousand barrels of oil
As of June 10, Mongolia extracted 839.7 thousand barrels of oil and exported 740.2 thousand barrels, the Ministry of Mining and Heavy Industry reports.
1811天
ADB to support Economic Cooperation Zone for Mongolia
The Asian Development Bank (ADB) has approved a $30 million loan to develop and operationalize Mongolia’s Zamyn-Uud free zone, which is part of a proposed economic cooperation zone between the country and the People’s Republic of China (PRC).
1811天
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蒙古国，乌兰巴托市，青格尔泰区，巴·吉格吉德扎布街-8，代号-15160，邮箱-1514, info@montsame.gov.mn
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