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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...
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...
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...
New airport will reach its full capacity in 2019
Apr. 24 | A new airport is being built in Khusigt valley, where the first airplanes were taken off and landed i n 1957. Khusigt valley is located in 60 km distance from the capital UB. Prime Minister S.Batbold took part at the airport foundation lay ceremony on...
Chalco in new Mongolia coal deal even as Mongolia government balks
Apr. 24 | China’s state-run aluminium giant Chalco (2600.HK) has stepped up its pursuit of Mongolian coal, announcing a second deal this month despite signs that Mongolia’s government is seeking to derail an earlier deal. Resource-rich Mongolia has...
Baganuur JSC will raise MNT 60 billion for expansion and equipment
Apr. 19 | Bloomberg reported that Mongolia whose economy grew the fastest last year will sell new shares in Baganuur JSC coal mining company to raise at least 60 billion MNT (USD 46 million) to help fund infrastructure projects. Ms Gunsmaa Namgilsuren a senior...
