China News

Rio Tinto, operator of the giant Oyu Tolgoi copper-gold mine in Mongolia, said its copper concentrate shipments to China had slowed due to efforts by the authorities to contain the spread of the coronavirus. “We have advised customers that we are engaging with authorities who are working on re-establishing regular and safe border crossings,” a spokesman for the miner said …

Rio Tinto said on Friday its Mongolian copper unit had begun an international arbitration process, seeking to resolve a dispute with the local tax authority. Rio Tinto is already stuck in renegotiations over terms of the agreement underpinning the Oyu Tolgoi copper mine project, as local lawmakers contend that financial gains from the project are not being evenly shared with …

Эх сурвалж: Монгол Улсын Ерөнхийлөгчийн Тамгын газрын Хэвлэл мэдээллийн алба ОХУ-ын Владивосток хотноо болж буй Дорнын эдийн засгийн V чуулга, уулзалтад оролцож буй Монгол Улсын Ерөнхийлөгч Х.Баттулга өнөөдөр Япон Улсын Ерөнхий сайд Шинзо Абэтай уулзлаа. Юун түрүүнд талууд Владивосток хотод гурав дахь удаагаа уулзаж байгаадаа баяртай байгаагаа тэмдэглэж, түлхүү эдийн засгийн харилцааг өргөжүүлэх асуудлаар санал бодлоо солилцсон юм. Өнгөрсөн онд Монгол Улсын эдийн …

China, Mongolia and Russian Federation to open up new era of trade cooperation Moscow (ESCAP News) – A new era of trade cooperation between China, Mongolia and the Russian Federation was opened in Moscow on 8 December 2016, when the governments of the three countries signed the Intergovernmental Agreement on International Road Transport along the Asian Highway Network. By signing …

GENEVA / ULAANBAATAR (11 September 2019) – The mining sector in Mongolia should play a truly transformative role and serve as a catalyst to ensure the realisation of economic, social and cultural rights, and spur human development, says a UN expert at the end of a visit to the country. “Mongolia is rich in natural resources which can be both …

Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background Mongolia’s coking coal exports remain an integral part of the country’s export income and increased efforts are needed to compete against other coal-producing nations and solve challenging transportation issues, senior executives from trade associations and …

Gulnara Dariiga has been stuck in traffic for two days in the Gobi Desert in southern Mongolia. The 38-year-old mother of four eats and sleeps in a heavy-duty North Benz truck, assigned to her by her Chinese employer — a coal buyer across the border. “I think today we will cross,” she says with a grin. She shifts from park …

ULAN BATOR, July 25 (Xinhua) — The Bank of Mongolia, the country’s central bank, said on Thursday that the country’s foreign exchange reserves rose to 4 billion U.S. dollars as of July 24. “This is the highest figure since Mongolia’s foreign exchange reserves reached 4 billion U.S. dollars for the first time in history in 2012,” Narantsogt Batjin, a senior …

Fitch Ratings issued a report this week stating that Rio Tinto’s (ASX, LON, NYSE:RIO) credit profile is not negatively affected by the company’s recent announcement related to the increased cost of the expansion project of its Oyu Tolgoi copper-gold-silver mine in Mongolia. In its analysis, Fitch states that the firm’s product diversification, conservative balance sheet, strong cash flow and position …

Фитч (Fitch) агентлаг нь 2019 оны 7 дугаар сарын 04-ний өдөр Монгол Улсын i) урт хугацааны зээлжих зэрэглэлийг “B”, төлөвийг “Тогтвортой” хэвээр, ii) богино хугацааны зээлжих зэрэглэлийг “В” хэвээр үлдээсэн байна. Фитч агентлагаас Монгол Улсын зээлжих зэрэглэлийн үнэлгээг “B” хэвээр үлдээхэд дараах хүчин зүйлс нөлөөлсөн байна. Үүнд: Эдийн засгийн өсөлтийн тогтвортой төлөв, төсвийн  болон засаглалын үзүүлэлтүүд сайжирч буй нь Монгол Улсын зээлжих зэрэглэлийн …