Mongolia: Retail therapy

Expectations that Mongolia’s retail industry will be transformed by the nation’s rapidly growing mining sector appear on track, although rising inflation and a lack of human resources could threaten the sector’s potential. In mid-June, Mongolia made its first appearance in the AT Kearney Global Retail Development Index, earning a creditable ninth place in a survey […]

Mongolia Energy (HKG:0276) Khushuut coal mining suspended

Mongolia Energy Corporation Limited (HKG:0276) announced that MoEnCo LLC, an indirect wholly-owned operating subsidiary of the company in Mongolia, received a “first” notice yesterday from Leighton, the mining contractor responsible for coal extraction at the Khushuut Coal Mine, whereby Leighton is demanding payment of the outstanding contractor’s fees, together with a notice of suspension of […]