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PM Ch.Saikhanbileg says ‘Mongolia is back to business’

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By Ch.KHALIUN Prime Minister Ch.Saikhanbileg emphasized in official meetings held during last week’s Credit Suisse Asian Investment Conference (AIC) in Hong Kong that “Mongolia is back to business”. In a speech given at the AIC, the PM stressed that even though the nation’s economy faced difficulties in 2015, the government has moved forward on some [...]

April 11th, 2016 | Posted in Business & Economics | Read More »

Mining suppliers underline challenges at the nation’s biggest mining and oil expo

By Ch.KHALIUN   During the three-day Mongolia Mining 2016 International Mining & Oil Expo, launched on Wednesday at Buyant Ukhaa Sports Palace, mining suppliers talked about challenges facing the nation’s mining sector. Authorities from the Ministry of Mining, Mongolian National Chamber of Commerce and Industry (MNCCI), Erdenes Mongol, and the expo organizing committee presented opening [...]

April 8th, 2016 | Posted in Business & Economics | Read More »

Housing Agency opens in Ulaanbaatar

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By Ch.KHALIUN Last week, Housing Agency opened at Misheel Expo’s building materials market to provide the public with information related to housing and listings for available real estate. There are over 250 companies engaged in construction activities in Ulaanbaatar. However, residents say they don’t have enough information about these companies, and they claim that because [...]

April 6th, 2016 | Posted in Business & Economics | Read More »

Erdenes Mongol takes out a 35 million USD loan from ADB

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By Ch.KHALIUN On Saturday, Asian Development Bank (ADB) approved the issuing of a 35 million USD loan to Erdenes Mongol LLC which the company says will be invested in strengthening its management and investment capacity, allowing it to more effectively support the country’s drive for economic diversification. Erdenes Mongol says it will spend the money [...]

April 4th, 2016 | Posted in Business & Economics | Read More »

Transparent Mining meeting takes place

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By Ch.KHALIUN On Wednesday, the Mining Ministry held its regular Transparent Mining meeting, reporting on the sector’s latest news and providing information about mining industry issues. In February, the nation’s mining sector explored 3.6 million tons of coal, 1.1 tons of gold, 199,200 tons of oil, and produced 22,100 tons of fluorspar concentrate, 246,800 tons [...]

April 1st, 2016 | Posted in Business & Economics | Read More »

Mongolian Economic Forum focuses on solutions for diversifying the economy

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By Ch.KHALIUN The seventh annual Mongolian Economic Forum held from March 30 to 31, under the slogan, “Lessons, Challenges, and Solutions”, underlined solutions for diversifying the nation’s economy and determining its future trends. During the opening ceremony of the forum, Prime Minister Ch.Saikhanbileg emphasized that current economic difficulties in Mongolia were not impacted by any [...]

April 1st, 2016 | Posted in Business & Economics,Онцлох мэдээлэл | Read More »

Groundbreaking ceremony for Erdenet Thermal Power Plant expansion takes place

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By Ch.KHALIUN Last Friday, the groundbreaking ceremony for the expansion of Erdenet Thermal Power Plant (ETPP) was held, a project bringing the plant a 50 megawatt turbo generator. In 1983, Mongolia and the Soviet Union established an intergovernmental agreement to build the ETPP. The plant is being expanded for the first time in almost 30 [...]

March 30th, 2016 | Posted in Business & Economics | Read More »

Mongolia Mineral Exploration Roundup 2016 takes place

Mining Minister R.Jigjid presenting opening speech at the forum

By Ch.KHALIUN The Mining Ministry, Mongolian Society of Economic Geologists, and professional associations organized the eighth Mongolia Mineral Exploration Roundup 2016 from March 24 to 26, at Corporate Convention Center. Mining Minister R.Jigjid presented the opening remarks at the forum, underlining that since the government started issuing exploration licenses, activities of the nation’s geological and [...]

March 28th, 2016 | Posted in Business & Economics | Read More »

Citizens call for transferring USD loans to MNT

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By Ch.KHALIUN On Monday, citizens T.Bayarkhuu, Ts.Shinebayar and G.Ganbat announced that they have initiated the 218.1 Movement to address the concerns of people and entities that took out loans in USD and are now seeing great losses due to drastic increases to the USD exchange rate. Provision No. 218.1 of the Civil Law states that [...]

March 23rd, 2016 | Posted in Business & Economics | Read More »

New meat processing factory opens in Bayankhongor

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By Ch.KHALIUN An opening ceremony for the Makh Mart meat processing factory was held last Saturday in Bayankhongor Province in the presence of Speaker of Parliament Z.Enkhbold. Bayankhongor Construction LLC built the meat processing factory for 2.3 billion MNT with their own funding. Bayankhogor Province is one of the five provinces that is exporting meat [...]

March 21st, 2016 | Posted in Business & Economics | Read More »

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...