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India to set up a steel plant in Mongolia
May. 15 | In a bid to reduce costly imports and excessive dependence on Australian coking coal, India is all set to acquire a coal mine in Mongolia and set up the first steel plant there. The Indian government says the plan is to first supply the coal needed for...
Ivanhoe’s share declines after ACA visit
May. 8 | Ivanhoe Mines Ltd.’s IVN -4.82% shares fell sharply Tuesday after Mongolian anticorruption authorities visited the head office of the Canadian miner’s coal operations in the Asian country. SouthGobi Resources Ltd. 1878.HK +5.54% said that...
LSE hopes to benefit from the MSE growth
May. 7 | The London Stock Exchange last week played host to international resources investors clamouring to grab a chunk of the commodity-fuelled economic boom that is sweeping Mongolia. Hailed as one of the last frontiers for resources exploration, the central...
Weekly Stock Exchange Review
May. 7 | 5 stock trades were held at the Mongolian Stock Exchange last week and 437.1 thousand shares of 44 JSCs were traded totaling 426.0 million MNT in value. MSE Index top 20 reached 20493.96 units and was increased by 546.85 units or 2.7 percent. Share prices...
Tavan Tolgoi IPO delays to 2013
May. 3 | Mongolian miner Erdenes Tavan Tolgoi, which owns one of the world’s largest coking coal deposits, has pushed back plans for an international stock market debut to early 2013, disappointing hopes it would boost London’s fortunes this year. The state-owned...
Mongolia will raise $600 Million Sovereign Wealth Fund
May. 3 | Mongolia plans to set up a new sovereign wealth fund with $600 million after the country’s June elections, Vice Minister of Finance Ganhuyag Chuluun Hutagt said at a conference in London. The country also plans to raise the size of its existing stabilization...
Swedish fund FMG targets Mongolia stocks
May. 1 | Swedish fund manager FMG expects strong growth in Mongolian stocks even though the country faces the uncertainty of parliamentary election this summer. Rising demand for natural resources such as coal and oil is expected to fuel both economies and put...
The Economic Success Story in Mongolia is Moving into a New Phase
Apr. 30 | GDP growth has escalated to an unprecedented 17.3% in 2011. Unemployment has fallen from 13% to 9% in one year. These are headlines that you might expect from China or India or another of the “BRIC” emerging markets, but, in actuality, these stellar...
Court extends former President N.Enkhbayar’s arrest
Apr. 26 | Sukhbaatar District’s court today made a decision to extend former President N.Enkhbayar’s arrest by two months. Former President and Head of MPRP was arrested on 13th of April by the Authority Against Corruption. MPRP members and supporters are against...
