Mongolia

Business news and investment opportunities in Mongolia

STATS
Source: World Bank

Currency: Mongolian tögrög
GDP: 13.07 billion USD (2018)
GDP per capita: 4,121.73 USD (2018)
GDP growth rate: 7.2% annual change (2018)
GNI per capita: 12,500 PPP dollars (2018)
Gross national income: 39.62 billion PPP dollars (2018)
Internet users: 22.3% of the population (2016)

Mongolia joins ADB currency-linked bond wagon

02/07/2020

Mongolia has raised $7m development capital through an ADB currency-linked bond issue for a sustainable milk…

Australia Mongolia US Mining & Minerals

Rio Tinto awards Jacobs Engineering $5.3bn Oyu Tolgoi mining contract

09/06/2016

Rio Tinto has awarded Jacobs Engineering the main contract to build the $5.3bn Oyu Tolgoi underground…

China Mongolia Russia Travel & Tourism

Russia, China and Mongolia look to revive Great Tea Road for tourism

19/03/2016

Russia, China and Mongolia have agreed to revive  the so-called Great Tea Road  as a tourist attraction,…

Mongolia Mining & Minerals

Rio Tinto and Mongolia set to sign $6bn Oyu Tolgoi financing agreement

14/12/2015

The Mongolian government and Rio Tinto will officially sign an agreement finalising terms for the financing…

Australia Mongolia UK Mining & Minerals

Oyu Tolgoi copper mine expansion still on, Rio Tinto assures investors

09/11/2015

Rio Tinto’s Turquoise Hill Resources subsidiary has reassured investors that it expects to finalise financing for the $6.8bn …

China Mongolia Russia Politics & International Trade

Inner Mongolia to benefit from three-way tourism initiative

27/10/2015

Inner Miongolia:  China, Russia and Mongolia have signed a string of  tripartite, cross-border  tourism initiatives worth a…

Mongolia Investment & FDI Oil, Gas, Energy, & Power

Budget deficit prompts Mongolian power plant privatisation

26/09/2015

Mongolian power plant privatisation: Mongolia’s Treasury is inviting tenders for someone to underwrite the sale of…

Mongolia Mining & Minerals

$6bn Oyu Tolgoi mine expansion ‘no brainer’ – Rio Tinto

21/09/2015

Rio Tinto this week insisted that its plans for a $6bn expansion of  the massive Oyu Tolgoi copper…

Canada Mongolia Mining & Minerals

Mongolian uranium mining JV changes hands

01/08/2015

Mongolian uranium: Canada’s Denison Mines is to sell its stake in the Gurvan Saihan uranium mine in Mongolia’s…

India Mongolia Politics & International Trade

India extends $1bn credit line to Mongolia

18/05/2015

India is to extend a $1bn credit line to Mongolia to help expand its “economic capacity…

Kyrgyzstan Mongolia Russia Tajikistan Uzbekistan Economy

Drop in remittances hurting Central Asian economies, warns EBRD

18/05/2015

Remittances to Central Asia, Eastern Europe and the Caucasus have fallen to 2009 levels, and are…

China Kazakhstan Mongolia Russia

SCO member states agree to cooperate on transport infrastructure

17/05/2015

Transport ministers from across the Shanghai Cooperation Organization (SCO) last week agreed to increase the level of…

China Mongolia Russia Transport infrastructure & Logistics

Mongolia ready to bypass Russia with railroad to Europe

04/03/2015

Mongolia ready to bypass Russia: Mongolia is prepared to create a rail link between China and…

Germany Mongolia Economy

German businesses set sights on Central Asia and Mongolia – Commerzbank

20/02/2015

German businesses set sights on Central Asia and Mongolia: With Commerzbank forecasting that  the republics of Central Asia…

China Kazakhstan Mongolia Uzbekistan Investment & FDI Politics & International Trade Transport infrastructure & Logistics

Asian Infrastructure Investment Bank gets off ground in Beijing

24/10/2014

The Asian Infrastructure Investment Bank – China’s bid to challenge the dominance of the World Bank, the…

Mongolia Russia Agriculture & Food Production

Mongolia ready to increase Russian beef exports tenfold

16/10/2014

Mongolia is ready to increase its beef exports to Russia by a factor of 10 as it seeks…