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No stopping insane coal price rally

[Нийтэлсэн: 25.10.2016] [Эх сурвалж: ]

The price of both thermal and coking coal gained again on Monday with the Australian export benchmark shrugging off news that Beijing will further relax restrictions on some domestic miners to meet winter demand.

Mongolia succumbs to the ‘resource curse’

[Нийтэлсэн: 18.10.2016] [Эх сурвалж: ]

At the end of September Mongolia’s Prime Minister Erdenebat Jargaltulga announced that his country would be seeking IMF assistance to help stem its continuing economic woes. This plea for help finally confirmed what many suspected: Mongolia has succumbed to the dreaded ‘resource curse’. On the surface level the idea of a resource curse seems to [...]

Mongolian PM on mission to halve budget deficit ratio to 9%

[Нийтэлсэн: 17.10.2016] [Эх сурвалж: ]

Mongolian Prime Minister Jargaltulga Erdenebat aims to slash his government’s budget deficit for fiscal 2017 in half, as a percentage of gross domestic product.

What the IMF’s return means for Mongolia

[Нийтэлсэн: 14.10.2016] [Эх сурвалж: ]

The story of Mongolia’s relationship with the International Monetary Fund is a tale of geopolitics, local greed, mismanagement and uneasy ties with Chinese and Western investors. The return of the IMF to Ulaanbaatar is a harsh wake-up call for Mongolians and investors alike.

Mongolia Seeks IMF Cash to Revive Economy as Investment Dries Up

[Нийтэлсэн: 03.10.2016] [Эх сурвалж: ]

Five years ago Mongolia’s 17 percent growth rate, vast coal and copper resources and strategic location next to China made it an emerging-market darling. Today its financial leaders are headed for Washington to meet with the International Monetary Fund to seek assistance to deal with an economic crisis.

Mongolia to get rid of economic difficulties to help Asian investment bank: want to repair the railway connecting Europe transit China

[Нийтэлсэн: 23.09.2016] [Эх сурвалж: ]

The recent economic crisis hit Mongolia, the Northeast Asia country has to giant tower temperature Tolgoi to restart the stalled (Tavan Tolgoi) coal mine, in addition, Mongolia also want to start some railway projects, the investment bank and intends to set up to help China initiative, in order to attract investment and promote trade, deal [...]

As Mongolia teeters, bond investors bank on China for bailout

[Нийтэлсэн: 23.09.2016] [Эх сурвалж: ]

Holders of Mongolia’s high-yielding dollar bonds are looking beyond a sharp rise in sovereign default risks on a bet that China or the International Monetary Fund (IMF) will help the once-booming commodity producer to stay solvent.

Mongolia Shares Mirror Crisis, Post Worst Run Since 2013: Chart

[Нийтэлсэн: 19.09.2016] [Эх сурвалж: ]

During the commodities boom, Mongolia’s stock market more than doubled in a single year.

Consolidating Mongolia Budgets Is Priority No. 1, Minister Says

[Нийтэлсэн: 01.09.2016] [Эх сурвалж: ]

Priority No. 1 for the newly elected government in Mongolia is consolidating all off-budget expenses into one budget to enhance transparency, said Munkh-Orgil Tsend, the country’s foreign minister.

Moody’s takes negative rating actions on eight Mongolian banks following sovereign downgrade

[Нийтэлсэн: 30.08.2016] [Эх сурвалж: ]

Moody’s Investors Service has downgraded the foreign currency long-term deposit ratings of seven Mongolian banks to Caa1 from B3, and initiated a review for further downgrade. The seven banks are: Bogd Bank LLC; Capital Bank LLC; Golomt Bank LLC; Khan Bank LLC; State Bank LLC; Trade and Development Bank of Mongolia LLC; and XacBank LLC.

Mongolia tightens belt as debt payments loom

[Нийтэлсэн: 26.08.2016] [Эх сурвалж: ]

Mongolia’s new government has revealed a budget deficit equivalent to nearly one-fifth of economic output, underlining the dire financial conditions that have sent the currency tumbling.

Mongolia’s Epic Meltdown Won’t Be Reversed by a Commodity Revival

[Нийтэлсэн: 26.08.2016] [Эх сурвалж: ]

The commodity super-cycle that peaked in 2011 powered Mongolia to world-beating growth. Then came the bust and China’s recent economic slowdown that’s pushed the land of Genghis Khan into an unprecedented economic crisis this summer.

Fitch: Mongolia’s Refinancing Risks Deepen as Currency Plummets

[Нийтэлсэн: 24.08.2016] [Эх сурвалж: ]

The rapid depreciation of the Mongolian tugrik – which has plunged more than 20% since end-June – underscores the country’s strained external liquidity and escalating refinancing risks, says Fitch Ratings. Fitch believes the currency volatility reflects deep short-term external liquidity constraints and economic challenges, while immediate solvency risk is mitigated by the fact that the [...]

Экономический крах Монголии: потомки Чингисхана переживают кризис

[Нийтэлсэн: 23.08.2016] [Эх сурвалж: ]

Страна в отчаянном положении: денег нет, госдолг растет, зарплаты сокращают, и маячит призрак дефолта. Еще в 2008 году Монголия почтила честь своего национального героя Чингисхана огромной статуей из стали на берегу реки Туул примерно в получасе езды от Улан-Батора, столицы страны.

Why Bondholders Are Belittling Mongolia’s Crisis Warning

[Нийтэлсэн: 23.08.2016] [Эх сурвалж: ]

They’re the titans that set powerful governments trembling. Yet bondholders are evoking little fear among officials in Mongolia. In fact, it’s quite the reverse.

Fitch cuts rating on Mongolia’s long-term sovereign debt

[Нийтэлсэн: 21.08.2016] [Эх сурвалж: ]

A significant weakening in the country’s growth prospects led analysts at Fitch Ratings to sour in their view on the creditworthiness of Mongolia’s long-term debt.

Mongolian Olympians left unpaid as country wrestles with crisis

[Нийтэлсэн: 19.08.2016] [Эх сурвалж: ]

As mostly sports-mad Mongolians cheer on the country’s two medallists at the Rio Olympic Games, deepening economic troubles at home mean the new government cannot afford to pay its athletes.

Troubled Mongolia Raises Key Interest Rate to 15%

[Нийтэлсэн: 19.08.2016] [Эх сурвалж: ]

Mongolia’s central bank has hiked its benchmark interest rate to a record 15% as it battles a crashing currency and investors dump its government bonds.

Mongolia raises interest rates in bid to stabilise tumbling currency

[Нийтэлсэн: 18.08.2016] [Эх сурвалж: ]

Mongolia raised its benchmark interest rates by 4.5 percentage points to 15 percent on Thursday, the central bank said, as it struggles to stabilise a currency that has been in free-fall.

Mongolia Hikes Interest Rate to 15% Protect Currency

[Нийтэлсэн: 18.08.2016] [Эх сурвалж: ]

The central bank of Mongolia raised its key interest rate to 15 percent to protect the currency, reversing a cut in borrowing costs to 10.5 percent in May.

The World’s Worst Currency Is in a Record Slide

[Нийтэлсэн: 16.08.2016] [Эх сурвалж: ]

Mongolia’s tugrik, the world’s worst-performing currency in August, is in its longest losing streak on record as the nation’s government seeks ways to stabilize an economy it says is in the grip of a crisis.

Mongolia plans to set up task force to deal economic crisis

[Нийтэлсэн: 12.08.2016] [Эх сурвалж: ]

Mongolia is planning to set up a task force to deal with an “economic crisis” that’s led to slowing growth, a declining currency and a soaring budget deficit, the nation’s finance minister said. Government bonds due in 2022 tumbled the most on record and the currency weakened.

Pitfalls of Global Hunt for Yield Highlighted in Mongolia Crisis

[Нийтэлсэн: 11.08.2016] [Эх сурвалж: ]

Investors who piled into some of the world’s riskiest bonds to escape near-zero interest rates got a reality check on Wednesday when Mongolia sent its debt plunging by sounding the alarm on its economic crisis.

Mongolia Calls for Economic ‘Crisis’ Plan; Bonds Tumble

[Нийтэлсэн: 11.08.2016] [Эх сурвалж: ]

Mongolia is planning to set up a task force to deal with an “economic crisis’’ that’s led to slowing growth, a declining currency and a soaring budget deficit, the nation’s finance minister said. Government bonds due in 2022 tumbled the most on record and the currency weakened.

Mongolia Calls for ‘Crisis’ Plan

[Нийтэлсэн: 11.08.2016] [Эх сурвалж: ]

Mongolia says it is creating a task force to deal with what it describes as an economic crisis. The country has been struggling with slowing growth, a declining currency and a soaring budget deficit. Bloomberg’s Nick Edwards reports on “Asia Edge.”

Mongolia’s Growth Moderates amid Global Uncertainties

[Нийтэлсэн: 01.04.2016] [Эх сурвалж: ]

Growth is slowing across much of developing Asia as a result of the continued weak recovery in major industrial economies and softer growth for the People’s Republic of China (PRC). This will combine to push growth in developing Asia for 2015 and 2016 below previous projections, says a new Asian Development Bank (ADB) report.

Mongolia GDP Slows to Weakest Since 2009 Amid Commodities Crash

[Нийтэлсэн: 17.02.2016] [Эх сурвалж: ]

Mongolia’s gross domestic product slowed in 2015 to the weakest pace since 2009, as foreign investment dried up amid protracted disputes with investors, dragging down an economy already battered by weak commodities prices.

Default risk rises as Mongolia’s commodities boom turns to bust

[Нийтэлсэн: 05.12.2015] [Эх сурвалж: ]

HONG KONG When the sturdy body of S. Erdene was enveloped in flames, Mongolia was brought face to face with the perils faced by its commodity-dependent economy in the most graphic way possible.


Rio Tinto upbeat on Oyu Tolgoi expansion
[Нийтэлсэн: 27.10.2016 ]
[Эх сурвалж: ]
No stopping insane coal price rally
[Нийтэлсэн: 25.10.2016 ]
[Эх сурвалж: ]
TerraCom signs offtake agreement for Mongolian coal
[Нийтэлсэн: 21.10.2016 ]
[Эх сурвалж: ]
Why Chinese Money Is not the Answer to Mongolia’s Economic Woes
[Нийтэлсэн: 21.10.2016 ]
[Эх сурвалж: ]
Thermal coal just hit $100 per tonne and may stay this high until 2017
[Нийтэлсэн: 19.10.2016 ]
[Эх сурвалж: ]

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