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NEWS - business

All the latest business news concerning Mongolia. News that is shaping the future of the country and its private sector.

Railway

For Mongolia, China's too close for comfort

Posted: December 4, 2012 on: business, International, Mining

After years of testy debate, Mongolia broke ground this spring for a railroad that will haul coal across the pebbled Gobi desert to China, but with one costly condition.

Central Asia Metals PLC

Central Asia Metals updates on sale of Mongolian projects

Posted: December 4, 2012 on: business

Central Asia Metals plc (AIM:CAML) announced November 3 that it has now ended the exclusivity period with Mongolian Resource Corporation ("MUB") for the sale of two of the Company"s Mongolian projects, Ereen and Handgait.

Mongolian Flag

Mongolia attracts twice its GDP for debut bond

Posted: December 4, 2012 on: business, Economical

Mongolia successfully established a benchmark curve with its $1.5 billion debut bond early Thursday morning, after raking in an astounding $15 billion of orders.

Petro Matad work area in Mongolia

Petro Matad chief Douglas McGay retires

Posted: December 3, 2012 on: business, Mining

Petro Matad (LON:MATD) this morning said that chief executive Douglas McGay is retiring with immediate effect.

Copper Mine

Voyager Resources restarts flagship Mongolian copper project

Posted: December 3, 2012 on: business, Mining

Voyager Resources (ASX:VOR) has restarted its Khul Morit copper project in Mongolia.

Auto Show

WASHINGTON AUTO SHOW 2013

Posted: December 3, 2012 on: business, General

February 1-10, 2013 Walter E. Washington Convention Center, Washington DC, USA

gasoline

The largest petroleum retailer NIC fined

Posted: November 29, 2012 on: business, General, Political

The Agency for Fair Competition and Consumer Protection (AFCCP) has decided to impose a fine of MNT 4.967 Billion on NIC, the largest retailer of petroleum products in Mongolia, due to its creation of false shortage of gasoline in the market.

Economy development

Mongolia Binges on Bond Bonanza

Posted: November 29, 2012 on: business, Economical, Political

Mongolia, a country that has been rescued five times in 22 years by the International Monetary Fund, sold $1.5 billion in debt Wednesday in its first government bond offering.

Genghis Khan Statue

Mongolia Invades Debt Market With Genghis Bonds

Posted: November 29, 2012 on: business, Economical, General

Mongolia is the new Zambia.

Fuel transportation by train

Mongolia pays price for Russian fuel supply

Posted: November 29, 2012 on: business, International, Political

An expected price increase of gasoline by Mongolian distributors presents new challenges for the coalition government and worries for the public and businesses.

Real Estate Mongolia

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Ulaanbaatar, Mongolia

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