Corruption scandals muddy Mongolia’s presidential vote
Mongolians pick a new president Monday after a campaign marred by corruption scandals plaguing all three candidates, from jobs for cash to offshore accounts and donations from an alleged cult.
From Prague to Mongolia, wild horses return to the steppes
A quarter-century-old project to repopulate the steppes of Mongolia with wild horses was kept alive as four animals made the long trip back to their ancestral home from Prague Zoo.
Mongolia President Vote Heads for Run-off as Populist Leads
A Mongolian businessman who ran a populist-tinged campaign for president led after the first round of voting, as the chief of the country’s ruling party waited to find out if he had made the run-off.
Mongolians fret over China investment as they prepare to vote
A few miles from Mongolia’s giant Tavan Tolgoi mine, about 2,000 trucks a day set off across the Gobi desert, delivering coal to China on a road so narrow and ridden with pot holes it has become an accident black spot.
Mongolia economy, graft in spotlight as voters elect president
Mongolians cast their votes on Monday in a presidential election seen as a referendum on the government’s economic recovery plans and China’s role in the country, but some disgruntled voters left their ballot papers blank in protest.
No decisive winner in Mongolia presidential vote forces second round
There was no outright winner in Mongolia’s presidential election on Monday, forcing the country’s first ever second-round run-off between the two leading candidates, the country’s General Election Committee said on Tuesday.
Pro-IMF Mongolia Party Looks to Consolidate Power Over Populists
The head of Mongolia’s ruling party could consolidate power in Monday’s presidential election. First, he must survive one of the ugliest campaigns in the country’s history.
Mongolians prepare to elect a new president
ADDRESSING more than 3,000 supporters in a packed arena five days before the first round of Mongolia’s presidential election on June 26th, Khaltmaa Battulga, the Democratic Party (DP) nominee, promised the things candidates everywhere tend to promise: modern infrastructure, better jobs and restored national pride. Other pledges were more specific to Mongolia, such as one [...]
Copper price jumps on Chinese imports surprise
In February copper hit a 21-month high on the back of optimism that Donald Trump’s $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.
Mongolia presidential hopeful urges more state control in mining
A leading candidate for Mongolia’s presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign.
Mongolia Presidential Candidate Evokes Trump, Challenges IMF
One of Mongolia’s top presidential candidates is seeking to reinstate a banking measure that almost derailed the country’s $434 million bailout last month as part of a populist-tinged campaign.
Commodity prices slump to 50-year low against US stocks
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world’s largest economy remains stuck around the 1% level.
Is coking coal pricing moving away from quarterly benchmarks?
Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.
Яагаад бодлогын судалгаа хэрэгтэй вэ?
Тинк танк-Бодлогын судалгаа хийж, тодорхой шийдлийн хувилбарыг боловсруулан, санал болгож, нөлөөллийн үйл ажиллагаа явуулдаг байгууллага гэж товчхон тодорхойлж болно. (Think tank гэсэн нэр томьёог бодлого судалгааны төв, хүрээлэн, бодлогын төв гэх мэтээр орчуулж болох мэт боловч нэр томьёоны зөрүүнээс зайлсхийж энэ хэвээр нь галиглан хэрэглэсэн болно.)
MF’s Mongolia Deal Comes With Plan to Avoid Boom-Bust-Bailout
The International Monetary Fund approved a loan package of $434 million to Mongolia on Thursday to support an economy recovering from weak commodity prices and low foreign investment.
Fitch: Mongolia’s IMF Programme Staves Off Financing Risks
The IMF’s approval of a financing arrangement for Mongolia reduces the country’s external financing risks and should put the economy on a more stable footing, says Fitch Ratings. The IMF programme will also promote sustainable fiscal policies, which could support Mongolia’s credit profile over the medium term. However, there will be implementation challenges in meeting [...]
IMF approves $5.5 billion bailout package for Mongolia
The International Monetary Fund (IMF) said on Thursday it approved a total financial package worth around $5.5 billion (4.2 billion pounds) to help support cash-strapped Mongolia’s efforts to diversify its small and resource-dependent economy.
Mongolia Bows to Pressure From IMF, Mining Majors
Multinational mining companies are ready to return to Mongolia in a big way now that the country has opened up vast new lands for exploration and eased regulatory and tax burdens for foreign investors.
China successfully mines flammable ice from the South Sea
After nearly two decades of research and exploration, China has successfully mined so-called “flammable ice” in what authorities qualify as a major breakthrough that may lead to a global energy revolution.
Nationalist politician enters race for Mongolian presidency
A third Mongolian presidential candidate who has strongly opposed Anglo-Australian miner Rio Tinto’s part ownership of the massive Oyu Tolgoi copper mine entered the race on Thursday for next month’s election.
Coal exporters should fret as China, India become policy-driven markets: Russell
May 17 Coal exporters may be feeling more comfortable about their future as they see both reasonable demand from Asia’s top importers and prices which appear to be stabilising at levels that allow for decent profits.
Scaling up, 6,000 miles from New York City
Khulan Davaadorj traveled 6,000 miles from her hometown of Ulaanbaatar to soak in America’s entrepreneurial vibe. She wanted to bring lessons back to Mongolia, where three years ago the 30-year-old launched Lhamour, her country’s first organic skin care company. Her whirlwind visit took her to the State Department in D.C. one week and a Crain’s [...]
Turquoise Hill revenue surprise lifts shares 6%
Shares in Turquoise Hill (TSE:TRQ) rose sharply on Tuesday after the company announced better than expected revenues amid declining production at its massive Oyu Tolgoi copper and gold mine in Mongolia.
Mongolian Parliamentarians and “Third Neighbors” Meet at Marshall Center
A delegation of five parliamentarians and seven senior government officials from Mongolia spent three days at the George C. Marshall European Center for Security Studies discussing their roles and responsibilities in a democratic society, May 9-11.
Mongolia says it grows 4.2 pct y/y in Q1, lifted by higher coal prices
May 16 Mongolia’s economy, which grew only 1 percent in 2016, expanded 4.2 percent in the first quarter from a year earlier, buoyed by the coal sector’s turnaround, government data showed on Tuesday.
Mongolia’s meltdown reduces legal work, but there’s hope for rebound
Just over five years ago, Mongolia was the world’s fastest-growing economy, recording a staggering 17 percent in 2011, thanks to China’s booming demand for the landlocked country’s minerals. But the economy’s 1 percent growth in 2016 was its lowest in seven years, and this decline brought Mongolia to the brink of recession.
Nuurstei project mine development funding update
Mongolian metallurgical coal explorer and infrastructure company, Aspire Mining Limited (ASX: AKM, the company or Aspire), has announced that it has received an Expression of Interest (EOI) to fund a modular coal handling and processing plant (CHP) proposed to be established at the Nuurstei coking coal project (Nuurstei Project) mine.
Mongolia Energy says it has suspended mining works in Khushuut coal mine
Have suspended our mining works relating to overburden removal and coal excavation in khushuut coal mine for saving operation costs
China’s commodity imports return to more normal levels: Russell
The pullback in China’s imports in April of crude oil and major bulk commodities, except coal, is more of a reminder that strong gains can’t last forever than a warning that demand is waning in the world’s biggest importer of natural resources.