83.2 percent of the sales of mining and quarrying production exported
By the preliminary results of January 2020, the gross industrial output reached MNT 1.1 trillion, showing a decrease of MNT 191.4 billion (14.5%) from the same period of the previous year.
Deficit in trade balance reaches USD 14.3 million
In January 2020, Mongolia traded with 116 countries from all over the world and total trade turnover reached USD 932.3 million, of which USD 459.0 million were exports and USD 473.3 million were imports.
Non-performing loans in banking system increased by 0.6 percent
At the end of January 2020, the total amount of outstanding loans to entities, enterprises and citizens amounted to MNT 18.1 trillion, increased by MNT 871.7 billion (5.1%) from the same period of the previous year.
Turquoise Hill announces the submission of the Feasibility Study for the Tavan Tolgoi Power Plant Project
Turquoise Hill Resources on February 17 announced the submission of the Feasibility Study for the Tavan Tolgoi Power Plant (TTPP) Project to the Government of Mongolia by Oyu Tolgoi LLC.
Mineral industry to contribute to the fight against Covid-19 spread
Mineral industry workers informed Minister of Mining and Heavy Industry D.Sumiyabazar of their plans to launch a campaign against the coronavirus disease (covid-19) as part of the industry that play an important part in the socio-economic development of Mongolia.
‘Build Mongolia-2020’ expo to take place in April
‘Build Mongolia-2020’ international construction, mining, road and renewable energy expo is scheduled to be organized at Buyant-Ukhaa Sport Complex on April 2-4 with the support of the Ministry of Construction and Urban Development.
Erdenes Tavan Tolgoi to distribute dividends to its shareholders
Today, on February 17, Minister of Mining and Heavy Industry D.Sumiyabazar and Executive Director of ‘Erdenes Taval Tolgoi’ (ETT) Company B.Gankhuyag gave briefing about distributing dividends to shareholders of ETT Company.
Individuals’ savings make up 85.6 percent of total time deposit
The money supply (broad money or M2) reached MNT 20.5 trillion at the end of January 2020, increased by MNT 0.9 trillion (4.6%) compared with the end of the previous year.
Mongolian delegates of tourism sector take part in international exhibition
At the initiative of the Mongolian Tourism Association (MAT), Mongolia’s business representatives participated in the international tourism exhibition ‘Los Angeles Travel and Adventure Show -2020’, held on February 15-16.
Mongolia’s economy grows up by 5.1 percent in 2019
Mongolia’s economy grew up by 5.1 percent in 2019, reports the National Statistics Office.
Transportation in statistics
In January 2020, 2.5 million tonnes of freight were carried by railway transport.
Tax revenue reaches MNT656.4 billion in January
In January 2020, general government budget revenue amounted to MNT 767.7 billion by preliminary results, MNT 708.4 billion of which accounted for equilibrated revenue. In January 2020 for general government budget revenue structure, 92.3% was accumulated from equilibrated revenue.
Agriculture Minister works in Austria
Minister of Agriculture and Light Industry Ch.Ulaan paid a working visit to the Republic of Austria on February 14-15.
Total value of companies operating at stock markets reaches MNT2.7 trillion.
In January 2020, 14.7 million pieces of securities worth of MNT 4.2 billion were traded at the national stock market, which is decreased by MNT 17.8 billion (80.8%) and 4.2 million pieces of securities (22.0%) compared to the same period of the previous year, and decreased by MNT 502.3 billion (10.6%) and 13.1 million pieces (47.0%) from the previous month.
World Bank: Mongolia’s midterm economic outlook remains positive
Ulaanbaatar /MONTSAME/. While Mongolia’s economy is starting to slow from its brisk pace of recent years, the medium-term growth outlook remains positive, according to the World Bank’s February 2020 Mongolia Economic Update, released last week.
BoM Governor participates in IMF-JICA Joint International Conference in Japan
A delegation led by Governor of the Bank of Mongolia B.Lkhagvasuren attended an international conference jointly organized by the International Monetary Fund (IMF)’s Regional Office for Asia and the Pacific and Japan International Cooperation Agency (JICA) on February 12-13.
Erdenet Mining Corporation to commence major projects this year
Within its main directions of development, Erdenet Mining Corporation plans to carry out technical and technological modernization and commence capacity building projects with a purpose to increase the ore reserve, reduce costs and improve competitiveness.
Copper concentrate export decreases by 13 percent in January
In January, copper concentrate export reached 101.6 thousand tons, showing a decrease of 13 percent compared to the same period of last year.
Fluorspar enrichment plant becomes ready to commission in Dundgobi
‘Bolorjonsh’ LLC of Bayanjargalan soum of Dundgobi aimag has built fluorspar enrichment plant in territory of Enger-Us bagh (smallest administration unit) of the soum and it became ready to commission.
Mongol Ecology Center: Children tend to care more about the nature and environment than adults
L.Khangai: It shouldn’t be assumed that the construction for the pipeline going through Mongolia will begin in just a few days