Mongolia Commissions Advanced Metallurgical FacilityApril 15, 2022 by Jacob Blacklock
Mongolia has commissioned a new advanced metallurgical plant this week in a ceremony attended by former President P.Ochirbat, Deputy Prime Minister S.Amarsaikhan, and the current Minister of Mining and Heavy Industry G.Yondon. The new facility, owned by Steppe Metal Powder Company will focus on production of copper along with copper alloy extracted from recycled waste metals. This marks the first time Click Here to Read MoreMongolian Economic Forum This WeekApril 8, 2022 by Jacob Blacklock
The Mongolian Government hosts the Mongolian Economic Forum this week as a two day conference including government officials, and key figures from private enterprise and civil society. The Forum was initiated under the banner of the government’s “New Revival” program and seeks to explore opportunities to increase the speed and intensity of Mongolia’s economic development. “New Revival” is a policy initiative Click Here to Read More
United Nations and Asian Development Bank Onboard “New Revival”March 25, 2022 by Jacob Blacklock
The ADB has declared public support for the government’s “New Revival” policy. The Asian Development Bank (ADB) has assisted in providing Mongolia over USD 3.9 billion in financing over the years, supporting development in key sectors across the national economy. Recently, Mongolia was paid a visit from country coordinator for the ADB Pavit Ramachandran, along with an ADB Senior Urban Click Here to Read More
New Railway Links Hoped to Expand TradeMarch 18, 2022 by Jacob Blacklock
Construction has officially started on a new rail link connecting Zuunbayan with the Khangi checkpoint on the China border. This is another major project undertaken as part of the government’s “New Revival Policy”, and is expected to boost international trade with China. The rail line, covering 226 kilometers, is an example of effective public-private partnership as Mongolia continues economic opening Click Here to Read More
Mongolia to Build 18 New Cheese FactoriesFebruary 25, 2022 by Jacob Blacklock
Total Mongolian trade with China in January 2022 amounted to a bit over $520 million, accounting for about half of Mongolia’s international trade. Overall, Mongolia exported over USD $530 million in January 2022, while importing over $550 million; trading with 117 different countries globally. Coal and Copper made up a large portion of exports to China, while the total exports of Click Here to Read More
Post-COVID Mongolia Open for BusinessFebruary 18, 2022 by Jacob Blacklock
Mongolia has announced this week the end of heightened pandemic control measures in the country. The government of Mongolia determined a reduction in pandemic measures was warranted upon review of results of a recent risk assessment. An estimated 92% of the adult population has received a complete two Click Here to Read More
Mongolia Celebrates 30th Anniversary of ConstitutionFebruary 11, 2022 by Jacob Blacklock
January 13, 2022 marked the 30th anniversary of the democratic Constitution of Mongolia. The Constitution, which was enacted in 1992, was the fourth written constitution for Mongolia overall, and the first to adopt democratic principles rather than Marxist ideology. The current Mongolian constitution is a true achievement of modern democracy with the public discussion around the drafting involving contributions from about Click Here to Read More
2020 Sees Uncertain Start for Foreign InvestmentJanuary 10, 2020 by Jacob Blacklock
Click here to view the original Newsletter! 2020 begins in Mongolia with a sense of uncertainty as movement in two separate branches of government raise concerns about the progress of the Oyu Tolgoi mine underground phase.
In November last year, a judgment of the Capital Administrative Court found to be invalid a
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Parliament Calls for Revisit of Key Oyu Tolgoi AgreementsNovember 29, 2019 by Jacob Blacklock
Click here to view the original Newsletter! The biggest news in Mongolia this week is the resolution approved by Parliament Friday, November 21. The purpose of the resolution is to better protect the rights and interests of Mongolian people in connection with mining operation at the Oyu Tolgoi mining project. The resolution was approved unanimously via vote of 46 members Click Here to Read More