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Fitch Ratings has downgraded Mongolia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ’B-’ from ’B’. The Outlooks are Stable.

The Erdenes Tavantolgoi estimates the coal price at US$60 m at East Tsanhi mine considering price index for Q1 2017 and coal price increase at the global market.

Canada will speed up plans to virtually eliminate traditional coal-fired electricity by 2030, the government said on Monday, a stance contrasting sharply with that of U.S. President-elect Donald Trump, who has pledged to revive the sector.

The BoM received bid offers of USD2.0 million of MNT swap agreements from commercial banks and the BoM did not accept any bid offers.

These changes are subject to quarterly survey received from enterprises. Particularly, the decrease is caused by the enterprises’ trade credits as well as foreign bank accounts changes.

China urged Mongolia on Sunday to take steps to protect the two countries’ relations after the Dalai Lama visited the central Asian country at the weekend, despite Beijing repeatedly voicing its opposition.

He is known for his trademark hairdo, but now is seems that Donald Trump’s swept-over style may not be as unique as first thought.

The Cabinet discussed today the candidates for the ambassadors to represent Mongolia abroad and resolved to present the named candidates to the President of Mongolia.

The BoM accepted the bid offers of USD with a closing rate of MNT 2421.00 and bid offers of CNY with a closing rate of MNT 352.20.

Oyu Tolgoi’s total in-country spend has reached US$5.9 billion at the end of Q3

The IMF delegation lead by mr Koshi Mathai paid an official visit to Mongolia on October 24-November 4, reported the IMF website.

The BoM sold CNY87.9 million in a closing rate of MNT 348.10.

For all the project’s potential, mining company Rio has voiced frustration over the difficulty of drumming up financing and industry sources said the agreement could open the door to Chinese funding.

In order to meet international standards, the data for outstanding loans is now published without the above adjustment.

Re-voting for local elections or aimag, district Cititens’ Representative Council was finalized on Saturday, October 29 at 07 -22

The BoM did not accept any bid offers.

Trump has said in the past he admires Putin and has lamented the dangerous state of tensions between Washington and Moscow.

The BOM has received bid offers of USD12.4 million in a rate of MNT2325.91 and CNY81.8 million in a rate of MNT342.50.

Mongolia had ratified policy framework for the mining sector back in 2014. The framework includes policy, a development model, trends, and steps to reach objectives, in detail. It also highlights the legal environment to support investment in the mining sector, including geology and exploration, and yet, specifically concerning foreign investment, not to treat the private sector and state organizations differently. 

The BoM received bid offers of USD44.5million of MNT swap agreements from commercial banks and the BoM did not accept any bid offers.