www.unuudur.com: The latest news of Mongolia in the World

With about 100 sheep and goats, Jugder Samdan makes just enough to scrape by as a nomadic herder in Mongolia, basking in the sun as he watches over his animals, but he worries about the future.

Swiss prosecutors confirmed on Wednesday they were investigating whether miner Rio Tinto paid bribes linked to the landmark Oyu Tolgoi copper-gold mine.

The Oyu Tolgoi copper-gold mine in Mongolia’s southern Gobi Desert declared force majeure after protests by Chinese coal haulers disrupted deliveries near the border, majority owner Turquoise Hill said Wednesday.

European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance.

Mongolia has delayed until 2019 the completion of a long-awaited $500-million airport project, originally expected this year, the transport minister said, a setback in efforts to diversify a mining-dependent economy.

Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports.

Mongolia’s president on Tuesday vetoed the 2018 budget passed by parliament in November, saying the planned deficit would violate the terms of an International Monetary Fund (IMF) bailout agreement.

Fitch Ratings has assigned Mongolia’s forthcoming US dollar-denominated bonds an expected rating of ‘B-(EXP)’.

Mongolia’s parliament confirmed the nomination of motorbike enthusiast Ukhnaa Khurelsukh as prime minister on Wednesday, putting the country back on track to receive funds from a $5.5 billion IMF economic rescue package.

A boom in the coal trade in Mongolia has helped elevate the country’s benchmark stock index and pump the tiny exchange’s market capitalisation to five-year highs as optimism about the economy grows following a bailout deal.

Mongolia could “multiply” food exports to its southern neighbor China but needs to offer more financial and policy support to enable its producers to compete, the country’s president said in a speech.

Mongolia could “multiply” food exports to its southern neighbor China but needs to offer more financial and policy support to enable its producers to compete, the country’s president said in a speech.

China’s largest coal miner Shenhua sees spot prices around 550 yuan ($83) per tonne with supply stable going into winter, the company said on Monday, easing worries that a cut in coal output could fuel another rally in prices.

A statue of the Beatles in the Mongolian capital of Ulaanbaatar could be at risk amid an alleged land grab, protesters say, as rapid development turns a city once famed for wide open spaces into a cluttered metropolis.

Hada: “Today is not a day to be happy but to be depressed”

China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia.

The International Monetary Fund said Mongolia’s banks are preparing for a regulatory overhaul as the government introduces policies aimed at restoring economic growth following a $5.5 billion bailout the IMF granted in May.

Mongolia’s coal export trade grew more than fourfold in the first half of 2017, with the country benefiting from China’s ban on imports of the commodity from North Korea and curbs on deliveries into smaller ports.

Populist former martial arts star and businessman Khaltmaa Battulga has won Mongolia’s presidential run-off election, according to voter data from the General Election Commission released on Saturday.

Mongolians voted on Friday in a second round of presidential elections as voter cynicism runs high and investors watch for hints to the direction the northeast Asian country will take for its economic recovery. The poll is being seen as a referendum on the government’s economic recovery plans and the role of giant southern neighbour [...]

Moody’s changes outlook on Mongolia banking system to stable from negative

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.

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.

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.

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.

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.

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 [...]

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.

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.

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.