President’s visit: spotlight on coal
The President of Mongolia Khurelsukh Ukhnaa paid an official visit to China on November 27- 28 and Japan on November 29-December 2, 2022....
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39 Underground mine licenses remain active
The Expert Council of Mineral Resources received the technical and economic evaluation of 49 underground mines and 16 combined open-pit and underground mines...
GoM sets up a special legal regime at “Erdenes Tavantolgoi” JSC for 6 months
The Government of Mongolia (GoM) recently approved a resolution that would establish a special legal regime at #ErdenesTavanTolgoi JSC for 6 months, starting...
Ot sets up a network of reliable suppliers
Mongolia’s economy shrank during the pandemic and entrepreneurs had no choice but to curtail their businesses....
Gold mining companies with nonperforming loans:
The outstanding balance of loans issued by the Development Bank to the mining industry now totals MNT 402.8 billion....
Mongolia’s state-owned mining enterprises: A deeper look into glass accounts data
Mongolia’s Glass Accounts Law (2014) requires that government entities and stateowned enterprises (SOEs) disclose detailed financial and operational...
GOM sets up two flagship firms in charge of copper and coal industries
Under the recent restructuring plan of the Government of Mongolia (GoM), two subsidiaries have been established under Erdenes Mongol LLC, a state-involved...
More uncertain than previously anticipated
The poor will only be poorer and the vulnerable will only look for welfare with the current pace of the economy....
Industrial projects are not SMEs
New Recovery Policy” aims at making a significant turn in six sectors. One of these is the industrial sector....
Mining in Mongolia: An industry unwelcomed by the society
Seasons changed to winter and to spring since the Minister of Mining and Heavy Industry Yondon.G announced to increase exploration license issuance by 3-4...
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