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

The Government of Mongolia has launched a $650m bond offering in the latest example of so-called “frontier markets” lowering their borrowing costs by feeding insatiable demand from yield-hungry institutional investors.

If investors are reconsidering Mongolia at a time of rising commodity prices, they will find an ecosystem with a range of ownership and governance models from fully state-owned to joint ventures with domestic and foreign companies, to entirely private projects.

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.

Rio Tinto and Bernstein Research have clashed over a report that examined the investment case for the miner’s flagship copper mine in Mongolia.

Mongolia is looking to take the plunge into the international bond markets for the first time in just over three years.

How do you gauge a commodity exporter’s exposure to China? It sounds simple: the greater the share of commodities in a country’s exports, and the more those exports go to China, the greater the threat posed by China’s slowing economy and Beijing’s efforts to divert it from industrial investment to private consumption.

Rio Tinto has warned that it will not cut copper production, saying it would be illogical to hold back output and leave space in the market for higher-cost rivals.

Looking south from the Horizon Club Lounge on the top floor of the new Shangri-La in Ulan Bator, I could see the single track of the trans-Siberian Railway, which loops down from Irkutsk in Russia for the 26-hour journey to the Mongolian capital. In the foreground, was the National Amusement Park — opened in 1969, [...]

The corollary of the decline of the west is not the rise of Asia. It is the erosion of Asia, at least as an idea, as rivalries within geographic Asia overtake the notion of regional cohesion that once bound these countries together.

If developing countries thought the so-called resource curse was bad when oil and mineral prices were high, they need to prepare for things to get worse now the market has collapsed.

Mongolia’s governing “super coalition” is on the rocks following the forced resignation from the cabinet of six ministers belonging to the Mongolian People’s party.

Mongolia will “in the very near future” end an impasse over investment in a $5bn coal mine and push forward “Steppe Road” infrastructure plans with Russia and China, the prime minister has said as he seeks to shore up investor support for his country’s flagging economy.

The price of the red metal fell to its lowest levels since March this week, to trade at $5,5912 per tonne on the London Metal Exchange.

Rio Tinto has reached a deal with Mongolia allowing the miner to restart a long-delayed $5bn development at Oyu Tolgoi, one of the world’s largest copper deposits.

At the Marshal House, a pastel peach building in the centre of the Mongolian capital Ulaanbaatar, it feels like time has stopped. A tall soldier waves me through ornate iron gates while another lights a fire against the cold spring air in the grand reception room. The thick carpets, full-length drapes and square marble columns [...]

Global copper prices will recover faster than expected with demand outstripping supply within two years rather than the three to four years previously predicted, according to Rio Tinto.

Mongolia’s justice ministry said it would seek to invalidate a $100m arbitration claim by Canada-listed Khan Resources, following the breakdown of talks and the death of the company’s chairman.

Mongolia says it has broken the deadlock in negotiations about phase two of Rio Tinto’s $12.6bn Oyu Tolgoi gold and copper mine, as the resource-rich country seeks to woo back foreign investors.

If Rio Tinto could start again with Oyu Tolgoi, a $12.6bn copper and gold mine in Mongolia, what would it do differently?

A Canadian mining company has been awarded $100m by an international arbitration panel in an expensive setback for the Mongolian government as it tries to improve ties with foreign investors.

Rio Tinto has warned of lower prices for miners as a result of slowing Chinese growth as it unveiled a $2bn share buyback to meet pledges to raise returns for investors.

Mongolians have voted by text “X Factor” style and the answer is in: austerity is out, investment is in.

Mongolians do not always do what foreigners think they should. The warriors of Genghis Khan pinged arrows from a distance at adversaries who had pencilled “pitched battle” into their day planners. This was unsporting but effective. Now, Mongolia’s new prime minister, Saikhanbileg Chimed, has announced a referendum by text message on whether to develop further [...]

Mongolia is holding an “X Factor” style referendum by text message after the prime minister turned to direct democracy to help shape the country’s economic policy.

In 1990 Enkhtuya Baatar was a nomadic herder living in Mongolia’s northern Bulgin province when, one day, wolves began picking off her sheep. When a bitter winter, known as a zud, killed her remaining livestock Baatar, now 55, had little choice but to pack up and move her husband and four children to Ulan Bator, [...]

China’s expansion of nuclear power plants is giving hope to uranium miners after several dark years but prices are still far from the point that would allow mining activity to pick up again.

Mongolia’s squabbling political parties have cast aside their differences and formed a super coalition to face up to a wave of economic problems amid the fall-off in commodity prices.

Chimed Saikhanbileg, Mongolia’s incoming prime minister, must do more than simply continue the policies of his predecessor, ousted amid accusations of economic mismanagement and corruption.

Mongolia’s parliament has elected a new prime minister after an acrimonious week, amid signs of widening political discord as the economy weakens.

Russia and China have signed a memorandum of understanding to supply gas from western Siberia to China, in the second big gas deal to be sealed this year as President Vladimir Putin builds investment ties with China to counter increasing isolation from the west.