‘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.
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.
Oyu Tolgoi announces performance results for fourth quarter of 2019
Ulaanbaatar /MONTSAME/. Today, February 12, Oyu Tolgoi CEO Armando Torres along with the company’s senior managers held a press briefing to introduce the performance results for the fourth quarter of 2019.
Import of animal-related products declines
According to the Customs General Administration, the import of animal-related products for last month reached US5.9 million, showing a decrease of 4.1 percent as compared with the same period of 2019.
Enhancing use of Mongolia-Japan Economic Partnership Agreement
The Mongolia-Japan Economic Partnership Agreement entered into force on June 7, 2016.
MNCCI offers force-majeure certificates free of charge
Considering the widening quarantine restrictions in China due to the coronavirus outbreak, the Mongolian National Chamber of Commerce and Industry (MNCCI) is offering certificate of force-majeure to the entities free of charge within its social responsibility action.
Coal export halted until March 2
Yesterday, on February 10, the Ministry of Health reported that two confirmed cases of coronavirus have been recorded in Khaliut border crossing of China, which is in distance of 120 km from Gashuunsukhait border checkpoint of Umnugobi aimag, Mongolia.
Oyu Tolgoi in-country spend passes US$10 billion
Ulaanbaatar /MONTSAME/. Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, today announced that the company has reached US$10 billion in total in-country spend since 2010, marking the largest foreign investment made in the country.
Minister D.Tsogtbaatar: Introduction of new political culture required for establishment of wealth fund