China’s imports of coking coal hit a 10-month high of 5.1 million mt in November, the highest since shipments of 5.6 million mt in January, according to Chinese customs data released Thursday. November imports were up 19% from imports of 4.3 million mt a year ago and were up 21% from 4.2 million mt in […]
Category: Companies
Top Tax Payers will be Supported by the Government
Today, Prime Minister S.Batbold met with the executives of the top 100 tax payer companies and organizations in Mongolia. This marks the first time the head of Government has invited leading contributors to the Mongolian state budget into the State Palace to show appreciation. This year’s top tax payers included notable companies and organizations such […]
Government Decisions will Affect the Tavan Tolgoi IPO
The following is an interview concerning the IPO of Erdenes Tavan Tolgoi with the CEO of Edenes Mongol B.Enebish, member of the board of directors of the Mongolian stock market B.Bold, and the President of the investment bank MICC D.Achit-Erdene. How is the preparation for Erdenes Tavan Tolgoi’s IPO on the international market going? B.Enebish: […]
Erdenes Oyutolgoi LLC is established
At the Cabinet meeting the members decided to form the state-owned company Erdenes Oyutolgoi LLC as a subsidiary of Erdenes MGL LLC. Erdenes Oyutolgoi will own state shares of Oyutolgoi LLC, which owns the special exploitation license for the Oyutolgoi deposit mine. Members decided that Erdenes MGL LLC will finance the formation of Erdenes Oyutolgoi […]
MONGOLIA: LAUNCH REPORT TO EXPLORE PLANS FOR BOOSTING EXPORTS
Major transport projects will provide new opportunities for foreign investors Mongolia is looking to expand its economy – and its exports – by processing more of its natural resources to move up the value chain, according to President Tsakhiagiin Elbegdorj. Elbegdorj told the global publishing, research and consultancy firm Oxford Business Group (OBG) that the […]
Petro Matad well in Mongolia produces no oil
Petro Matad has reported that no oil was recovered during the testing of the Davsan Tolgoi 11 well (DT-11) in eastern Mongolia. However, the company remains confident of being more successful in its other drilling in the area. Commenting on the analysis of the results from DT-11, Petro Matad CEO Doug McGay said: “We are […]
Move One Mongolia Relocates to a New Office
Move One has further expanded its range of services in Mongolia by opening a new office in Ulaan Baatar By Marko Lukic October 15, 2011 Share… Move One is pleased to announce the relocation of our Mongolia HQ to a new address, a larger more prestigious address that meets the requirements of an expanding workforce […]
Move One Well Positioned to Assist Future Trade Between the US and Mongolia
As the Mongolian President’s visit to Senate results in Mutual Cooperation Bill, Move One prepares for widening of trade As part of a historic visit to the US, President of Mongolia, Tsakhiagiin Elbegdorj, has met with the American Senate in Washington DC. In response to the official visit, senators, including John Kerry and John McCain, introduced […]
XacBank has established a US$300,000,000 Euro Medium Term Note Programme
10.08.2011, Ulaanbaatar/ XacBank LLC (“XacBank”) announces it has established a US$300,000,000 Euro Medium Term Note Programme (the “Programme”) with ING (www.ing.com) and UBS (www.ubs.com) have been appointed to act as the joint arrangers and dealers of the Programme. Under the Programme, XacBank may issue senior or subordinated notes in any currency as may be agreed […]
Minister Kh.Battulga: We will stand firm on our decision
The road from Tavan Tolgoi to Tsagaan Khad (a border point to China) was shut and suspended coal transport. It was closed several times, but re-opened because of revenue cut in the state budget. Some say it will be re-opened soon. MP Z.Enkhbold is the key supporter of such measures against railroad transport instead of […]