All Articles

D.Dalaijargal: It is possible to attract investments and cooperation for mineral exploration

Mongolian Economy Magazine spoke with D. Dalaijargal, CEO of Mon-Atom LLC, about the company’s operations and joint projects. -Could you briefly introduce your company? -Mon-Atom LLC was established under Resolution No. 45 of the Government of Mongolia issued in 2009. The company does explorat

T.Munkhbayar: We will become a key benefactor to the sovereign wealth fund

Mongolian Economy Magazine spoke with T.Munkhbayar, the CEO of Erdenes Silver Resource LLC – Could you tell us what main projects are being implemented by Erdenes Silver Resource LLC? -Erdenes Silver Resource LLC was established as a state-owned subsidiary of Erdenes Mongol LLC in June 2019. T

Sh. Dorjgarchaa: Diversifying exports by turning brown coal into the final product

Mongolian Economy Magazine spoke with Sh. Dorjragchaa, Head of the Shivee Energy Complex Project of Energy Export. -The Shivee Energy Complex Project is a megaproject that will require as much investment as the Oyu Tolgoi mine. Would you mind telling our readers about the project? -Upon the invitati

D.Amar: 21st century is the age of methane

Mongolian Economy Magazine spoke with D.Amar, CEO of Erdenes Methane LLC, about the coal-bed methane (CBM) project in the Tavan Tolgoi coalfields. -What is the significance of the coalbed methane project? -Methane is a clean source of energy. Hence, this project is a long-term solution to reduce air

Does Mongolia need rare earth elements?

“Эрдэнэс Метан” ХХК-ийн гүйцэтгэх захирал Д.Амартай Тавантолгойн нүүрсний давхаргын метан хийн төслийн талаар ярилцлаа. -Нүүрсний давхаргын метан хийн төслийн ач холбогдол юу вэ? -Метан хий нь эрчим хүчний цэвэр эх үүсвэр болдог тул энэхүү төслийг хэрэгжүүлснээр Улаанбаатар хотын агаарын бохирдол бо

Development selection

Боломжоос давсан нөөцийг шингээх боломж физикийн хуульд байхгүй. Таван литрийн багтаамжтай саванд зургаан литр шингэн хийвэл сав дүүрч, нэг литр нь илүүдэл болж асгарна. Харин эдийн засагт илүүдлийг шингээх боломж байдаг. Илүүдлээ шингээж чадсан улс хөгжсөн жишээ олон. Ялангуяа, манайх шиг байгалийн

Daniel Worrall: There are three immediate priorities for Rio to resolve with the Government of Mongolia

“Mongolian Economy” interviewed Daniel Worrall, Rio Tinto Country Director for Mongolia to talk about the latest developments at the company . – Mr Daniel, You have lengthy experience of working in developing countries. Since you left a senior position with ExxonMobil and coming to Mongolia, w

P.Gankhuu: The message of “Erdenes Mongol” being the most influential company in Mongolia has reached to a global audience

E.Enkhbayar: Japanese consumers prefer simple designs and high quality products

E.Enkhbayar is the founder of the Pax Mongolica startup company. The company is currently working on a project that exports Mongolian products to Japan through e-commerce. -Mongolian products are currently being exported to a lot of different economies. Japan is the 5th largest economy in the world.

A leap development of foreign relations in thirty years

The current foreign policy is the legacy of foreign policy that was formed after the reconstruction that took place in Mongolia and the Soviet Union in the second half of the 1980s. Thus, the Mongolian foreign policy should be seen as a thirty-year of persistent effort and creativity. D. Bayarkhuu I

Opportunity to make up for defects

Mongolia began a digital transition using electronic ID cards to all citizens more than 10 years ago. The introduction of e-ID, which recognizes faces and fingerprints and contains all personal information, has created a reliable database for government agencies such as suffrage, taxation, customs,

Heartbeat of the Mongolian economy

In 2011, the Mongolian GDP growth reached 11.5 percent which seemed shockingly high to the rest of the world. Some people still proudly talk about this growth. However, in reality, it was a lesson rather than an accomplishment. The dramatic growth was the result of the Investment Agreement concluded

B.Enkh-Amgalan: Several economically significant infrastructure projects are underway

The Mongolian Economy magazine spoke with B.Enkh-Amgalan, the Minister for the Road and Transport Development, about major development projects and policies implemented by the Ministry in the last four years. -How would you evaluate the policies and projects implemented by the Ministry of the Road a

Economy History of Democratic Mongolia: From Liberalism to Populism

Ch.Otgochuluu Economist During socialism, the price used to be stable in Mongolia. That is the reason why goods were named after its price, for instance, there were the nine-mungu cooking oil, tugrik-twenty bread, and tugrik-seventy bread. Mongolia transitioned to democracy before the Soviet Union,

Stormy 30 years

Mining is the only sector that has been carrying the country’s economy for 30 years. In the 1990s there was no choice but to turn mining into the locomotive of the economy. At the time when the government had no money for the acquisition of basic goods, not to mention salaries and pensions, th

Ch.Gankhuyag: Mongolia shouldn’t hide like ostrich, burying its head in sand

Mongolian Economy sat down with Ch.Gankhuyag, CEO of Ard Financial Group which issued Mongolia`s very first cryptocurrency, ArdCoin to talk about a shift to digital currency and why this shift is important to us. -How would you formulate the digital currency revolution? -Digital currency is not a co

Pillar of inclusive growth

The privatization of livestock animals set out the foundation of the co-existence of democracy and nomadic culture. A herder’s interest to raise livestock animals, capture the economic benefits and supply to both international and domestic markets can create a rich middle class with democratic value

Beyond liberalization

Let’s take a look at the development of civil aviation in Mongolia. MIAT Mongolian Airlines began providing international flight services with Tu-154 aircraft leased from the Soviet Union in 1987. It was a historically significant event for the Mongolian air transport sector. Following the expansion

T.Lkhagvadorj: Geographically apart Mongolia and Singapore brought closer by digital business opportunities

On the occasion of the 50th anniversary of the diplomatic relations between Mongolia and the Republic of Singapore, Mongolian Economy magazine brings you the interview of the Mongolian Ambassador to Singapore, T.Lkhagvadorj. The interview was conducted at the “The Mongolia-Singapore Business Discuss

Consumer government

Consumerism is a social and economic order that encourages the acquisition of excessive goods and services and creates incentives for customers to take on unsustainable levels of debt, which can contribute to financial crises and recessions. This phenomenon has already spread out from individual and