Authors: Byambajav Dalaibuyan, Mongolian Institute for Innovative Policies and Julian Dierkes, UBC
On 24 June 2020, Mongolia will hold its eighth parliamentary election since adopting its 1992 democratic constitution. This election is significant at a time when democracy worldwide increasingly appears under threat. It will assess the state of Mongolia’s...
Alcohol sales to be banned in Mongolia during upcoming parliamentary elections
ULAN BATOR, June 22 (Xinhua) -- Sales of all types of alcoholic drinks will be forbidden across Mongolia during the upcoming parliamentary elections, local media reported Monday.
Mongolia is expected to hold the parliamentary elections on Wednesday.
There will be a 72-hour ban on the sale of alcohol from Tuesday to Thursday in the capital city of...
Six parliamentary candidates detained in Mongolia
ULAN BATOR, June 20 (Xinhua) -- The Mongolian authorities have recently detained six parliamentary candidates amid the ongoing campaign for the upcoming parliamentary elections, according to local reports.
Four of the detained politicians are candidates from the country's opposition Democratic Party and the remaining two are independent candidates.
Among...
China-backed AIIB approves $100 mln loan for Mongolia's virus fight
BEIJING, June 19 (Reuters) - The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $100 million to help Mongolia battle the coronavirus pandemic, the bank said on Friday.
The project, cofinanced by the Asian Development Bank, will support a government program covering public health funding, protection of...
IMF Executive Board Approves US$99 Million Disbursement Under the Rapid Financing Instrument to Mongolia to Address the COVID-19 Pandemic
The COVID-19 pandemic has taken a large toll on economic activity in Mongolia, giving rise to urgent budget and balance of payments needs.
To support Mongolia, the IMF has approved the request for emergency financial assistance under the Rapid Financing Instrument (RFI) of about US$99 million.
This emergency financial assistance will help support...
Mongolia throws a power station curveball at Rio Tinto
The cost of expanding Rio Tinto's Mongolian copper project could decline by almost $US1 billion ($1.5 billion) under a surprise Mongolian government plan that could increase the host nation's long-term influence over Rio and the project.
The Mongolian government has told the Rio subsidiaries building the $US6.8 billion Oyu Tolgoi copper...
Mongolia evacuates 261 nationals from Europe over COVID-19 pandemic
ULAN BATOR, May 3 (Xinhua) -- A total of 261 Mongolian nationals have been evacuated on a chartered flight from COVID-19-hit European countries, the country's State Emergency Commission (SEC) said Sunday.
The flight landed in the Chinggis Khaan International Airport in the capital city of Ulan Bator on Sunday morning, with 261 passengers onboard,...
Mongolia receives anti-virus supplies from China
ULAN BATOR, April 28 (Xinhua) -- Mongolia received medical supplies from north China's Inner Mongolia Autonomous Region on Tuesday in the fight against the COVID-19 outbreak.
The medical materials included 100,000 masks, 1,000 protective suits and 200 boxes of testing kits.
"As a result of the Mongolian government's optimal measures to prevent the...
Mongolia cancels Tavan Tolgoi’s $1 billion IPO plan
Mongolia has cancelled an executive order to fund its giant Tavan Tolgoi coal project through an international initial public offering (IPO), citing “political distortions” and the current dire state of global financial markets.
Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, had...
Mongolia to send meat to Russia to help combat COVID-19
ULAN BATOR, April 23 (Xinhua) -- Mongolia will send meat and meat products worth 1 million U.S. dollars to Russia to help combat the COVID-19 pandemic, Mongolian parliament speaker Gombojav Zandanshatar said Thursday.
Zandanshatar made the remarks when meeting with Russian Ambassador to Mongolia Iskander Azizov, according to the parliament's press...
Kincora drilling underway at brownfield Trundle project, NSW
Deeper core drilling commenced testing three large and mineralized porphyry targets at the Trundle project
Trundle is the only brownfield project held by a listed junior in Australia’s foremost porphyry belt, and within the same mineralized complex as Australia’s...
World Bank Group plans $12m loan to Mongolia microfinance company
Transcapital earmarks funds for small companies and rural areas
The World Bank's private sector arm, International Finance Corporation, may extend a syndicated senior loan facility equal to $12 million in local currency to Mongolian microfinance company Transcapital.
The deal would be IFC's first investment using the Mongolian tugrik and its...
Mongolia confirms 13 more Covid-19 cases
ULAN BATOR: Mongolia on Tuesday (April 14) confirmed 13 new cases of Covid-19 (coronavirus), bringing the total in the country to 30."The NCCD tested 502 suspected cases of Covid-19 on Monday and 13 of them were positive," Dulmaa Nyamkhuu, head of the National Centre for Communicable Disease (NCCD), said at a press conference.
The 13 patients are...
55 Mongolians Finally Return Home after Mongolia Provides Flight
A group of 55 Mongolians who had been staying in South Korea after their home country refused their repatriation have finally returned. According to legal circles on Thursday, the group went back aboard an extra flight on Wednesday. Some of the group conducted a hunger strike directed at the Mongolian Embassy in South Korea, while being kept in...
The World Bank Approves $26.9 Million for Mongolia’s COVID-19 Emergency Response
ULAANBAATAR, April 2, 2020—The World Bank’s Board of Executive Directors today approved $26.9 million for the Mongolia COVID-19 Emergency Response and Health System Preparedness Project to meet emergency needs in the face of the pandemic and to better prepare for future health crises.
The project will address the immediate needs in response...
Rio faces investor rebellion over Oyu Tolgoi
Rio Tinto (ASX, LON, NYSE: RIO) is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shakeup at the Oyu Tolgoi operation over what it claims is “a massive devaluation” of the asset.
US hedge fund Pentwater Capital wants the designation of a new independent director to represent the interests...
PENTWATER FILES PROXY CIRCULAR FOR SHAREHOLDERS OF TURQUOISE HILL RESOURCES LTD. (TSX:TRQ) (NYSE:TRQ) Issues Letter and Proxy Critical of the Treatment of Minority Investors in Turquoise Hill by Company’s Current Board and Management and its Controlling Shareholder Rio Tinto plc.
PENTWATER FILES PROXY CIRCULAR FOR SHAREHOLDERS OF TURQUOISE HILL RESOURCES LTD. (TSX:TRQ) (NYSE:TRQ)
Issues Letter and Proxy Critical of the Treatment of Minority Investors in Turquoise Hill by Company’s Current Board and Management and its Controlling Shareholder Rio Tinto plc.
Turquoise Hill shareholders have suffered massive value destruction...