Additional financing agreement for Clean Air Project signed
On December 13, Minister of Finance Ch.Khurelbaatar, Governor of the Capital City S.Amarsaikhan and the World Bank’s Country Manager for Mongolia Andrei Mikhnev signed an agreement on additional financing for Ulaanbaatar-Clean Air project.
Erdenet Mining Corporation and Mongolian Academy of Sciences partnering
Orkhon /MONTSAME/ The Erdenet Mining Corporation (EMC), one of the largest copper ore mining and processing factory in Mongolia, has introduced about the projects being developed in eight areas for this year in cooperation with the Mongolian Academy of Sciences (MAS).
Erdenet Mining Corporation makes huge technical reforms for its 41st anniversary
Orkhon /MONTSAME/. Mongolian state-owned enterprise Erdenet Mining Corporation (EMC) celebrated the 41st anniversary on December 14, last Saturday. The EMC, one of the largest copper ore mining and processing factory opened on December 14, 1879 to export its first copper molybdenum to exports.
USA to give support for Mongolia on FATF compliance
Ulaanbaatar /MONTSAME/. On December 13, Governor of the Bank of Mongolia B.Lkhagvasuren met with Assistant Secretary for Terrorist Financing in the United States Department of the Treasury Marshall Billingslea.
Oyu Tolgoi announces Shaft 2 construction completion
Ulaanbaatar /MONTSAME/. On December 13, today, Oyu Tolgoi LLC celebrated the completion of Shaft 2 of the world-class OT underground project, which is a significant milestone for the project.
422.6 million pieces of securities traded at national stock market in the first 11 months
In the first 11 months of 2019, 422.6 million pieces of securities worth of MNT156.7 billion were traded at the national stock market, which was decreased by MNT 79.8 billion (33.7%) compared to the same period of previous year. The number of traded securities decreased by 89.9 million pieces (17.5%) compared to the same period of previous year.
National currency in circulation shows 1.6 percent decrease at the end of November
The money supply (broad money or M2) reached MNT 20.4 trillion at the end of November 2019, showing a decrease of MNT 24.2 billion (0.1%) from the previous month, while it was increased by MNT 1.8 trillion (9.6%) from the same period of previous year.
Revenue from railway transport increases by 15 percent
As of first 11 months of this year, 25.6 million tons of freight and duplicated number of 2.7 million passengers were carried by railroad transport. Compared with the same period of the previous year, the carried freight increased by 9.2 percent and number of carried passengers increased by 14.7 percent. Moreover, revenue from railway transport reached MNT 646.3 billion as of first 11 months of 2019 which shows the increase of 15.3 percent.
Budget revenue amounted to MNT9.7 trillion
In the first 11 months of 2019, total equilibrated revenue and grants of the General government budget amounted to MNT 9.7 trillion and total expenditure and net lending amounted to MNT 9.2 trillion, resulting a surplus of MNT 486.7 billion in the equilibrated balance.
Imports increase by USD53.5 mln against previous month
In the first 11 months of 2019, Mongolia traded with 150 countries from all over the world and total trade turnover reached USD 12.6 billion, of which USD 7.1 billion were exports and USD 5.6 billion were imports.
Sales of industrial production increase by MNT1.9 trillion in the first 11 months of 2019
In the first 11 months of 2019, the gross industrial output reached MNT 16.0 trillion, showing an increase of MNT 1.8 trillion (12.8%) from the same period of previous year.
Gobi Cashmere launches de.gobicashmere.com for the German customers
The Gobi Corporation, which introduces Mongolian cashmere products to the world, officially launched its online store (de.gobicashmere.com) for the German customers on December 6.
One shaft of Asgat silver deposit opened up
Ulaanbaatar /MONTSAME/. A special license of exploitation of the Asgat silver deposit has been transferred to Erdenes Mongol LLC state owned company upon the government resolution of 16 January 2019. Now the company has been working to put the deposit into economic circulation, launching the collection of sampling and technical renovation works in cooperation with the Mongolian emergency management officers.
10 Mongolian companies selected to export in the U.S. market
10 Mongolian companies that will export products to the U.S. market have been selected.
34.8 million tons of coal exported
According to first eleven months of 2019, Mongolia’s profit of coal export increased by USD 326.8 million dollars and profit of iron ore increased by USD 211.7 million which contributed the trade balance to be profitable.
Mongolia’s initiative for group of LLDCs in WTO introduced
S.Sukhbold, Ambassador and Permanent Representative of Mongolia to the United Nations took part in a session on trade facilitation held in New York on December 6.
Tourism business owners of Mongolia and Turkey convene in Istanbul
A business forum for the Mongolia-Turkey tourism sector took place at Foreign Economic Relations Board of Turkey (DEİK) in Istanbul, Turkey on December 6.
Mongolian delegates attending Silk Road business summit
The first Silk Road Business Summit is taking place in Zhangjiajie city, China.
Meat exports to China to grow
Ulaanbaatar /MONTSAME/. An examination team on veterinary and quarantine of China is working in Mongolia this week to get familiarize with factories of heat processing meat for exports and hold talks with the Mongolian side on meat export growth.