Mongolian Economy and Finance

Recently, one of my Emerging Trends Trader stocks outshined all others, figuratively and literally.

Canadian miner Centerra Gold (TSX:CG) can finally proceed with plans for developing its 1.6-million ounce Gatsuurt gold deposit near its Boroo Mine, Mongolia's parliament ruled Thursday .

HALIFAX, NOVA SCOTIA--(Marketwired - Feb 16, 2016) - Note to editors: There are four maps associated with this press release.

According to the Ulan Bator Post (UB Post), the leading English-language Mongolian news site, Parliament’s addressed 2016 mining goals and the development of the Gatsuurt gold open-pit mine.

TORONTO (miningweekly.com) – Canadian gold producer Centerra Gold this week reported that its Boroo mill, in Mongolia, would operate at about half its nameplate capacity for two weeks after the mill’s vacuum contractors broke.

A study of 'over-compliance' with international regulations such as the Basel capital rules finds several advantages for banks and regulators

(Reuters) - Canadian miner Centerra Gold Inc reported a lower-than-expected fourth-quarter profit, hurt by lower realized gold prices.

TORONTO, ONTARIO, Feb 19, 2014 (Marketwired via COMTEX) -- Centerra Gold Inc. CA:CG -2.44% announced today its Board of Directors has authorized a dividend of Cdn$0.04 per common share (approximately US$8.6 million at the current exchange rate).

SEATTLE, WA (MINEWEB) -

TORONTO, ONTARIO--(Marketwired - Jan. 13, 2014) -

TORONTO – Centerra Gold said its Kumtor and Boroo mines produced a total of 690,720 oz of gold in 2013.

TORONTO (miningweekly.com) – The TSX-listed shares of Centerra Gold on Monday rose 4.52%, or C$0.21 a share, after the company reported that it had met the 2013 output guidance.

Sentosa Mining (ASX: SEO) is currently placing up to 22.2 million shares at $0.045 which will raise around $1 million, with the funds to advance copper and gold exploration at the Darvii Naruu project in Mongolia.

During last week’s regular meeting of the government, the cabinet agreed to submit a bill that would ease and increase transparency in gold trading to stop illegal exportation and increase the nation’s gold reserve.

Gold prices have fallen more than 20 percent year-to-date.

Centerra Gold says a contract employee died after a vehicle roll over at the Boroo Mine site in Mongolia.

Inside the compound, which is surrounded by stark hills and grassy plains dotted with grazing horses and cattle, sits one of only a few mercury-free processing facilities in the country.

A simple building like this one may not appear to be an important locale in the global gold market, but what is happening here is impacting people around the world, especially in Mongolia.

Gold, down 17 percent since January, is poised to lose 20 percent in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said.

Mongolia raised its gold reserves for a third month to the highest in more than four years in February as the metal capped its longest monthly losing streak since 1997.