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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...
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...
Wrong speculation led to increase in value of MNT
Apr. 9 | J.Bataa, Head of the Financing Market Department of the Currency and Economics Office of the Mongol Bank talks about the factors of increased value of MNT. Q: Value of MNT against USD has been increasing in the last few days. Can you explain the reasons? J.Bataa:...
Mongolian banks pressured from overheating growth
Mar. 28 | Mongolian banking sector needs additional liquidity and capital to support strong loan growth says Fitch Ratings in a new report. “The pace of credit growth in the Mongolian banking sector has been rapid even by comparison with other emerging markets....
Goldman Sachs takes stake in Trade and Development bank
Feb. 11 | Goldman Sachs takes stake in Trade and Development bank Goldman Sachs has purchased a 4.8 per cent stake in Mongolia’s Trade and Development Bank, amid a mounting credit crisis in the country’s fast-growing economy that is leaving banks scrambling...
Mongolia Aims for Tavan Tolgoi IPO by June
Jan. 22 | The Mongolian government is looking to launch a multibillion dollar initial public offering of a mega coal deposit ahead of parliamentary elections in June, with plans to list state-owned Erdenes-Tavan Tolgoi Co. in London and Mongolia, people familiar...
Price of Petroleum increased by 20 percent
Jan. 9 | The most of the petroleum importer companies have increased their prices of petroleum last Friday except petroleum giant “Sod Mongol” and “Petrovis”. Both companies have increased their price of gas starting from today. Price increase of USD...
Government Decisions will Affect the Tavan Tolgoi IPO
Dec. 17 | 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...
