Mongolian Economy and Finance

Chinese President Xi Jinping on Friday told Mongolian lawmakers that the inland country is welcomed to come aboard China's train of development.

President urges two countries to step up partnership

A special tour train linking Hohhot, capital of North China’s Inner Mongolia autonomous region, with Mongolia will take its maiden voyage on July 27, according to the Hohhot railway bureau.

On April 7th China and Mongolia signed an agreement of establishing a joint venture railway company.

[ET Net News Agency, 9 April 2014] Mongolian Mining Corporation (00975) said it agreed to establish a joint venture with China Shenhua Overseas Development and Investment, Erdenes Tavan Tolgoi JSC and Tavan Tolgoi JSC to be named as Gashuunsukhait Railway LLC for the development of cross border freight railway, which would connect Gashuunsukhait port station of Mongolia to Ganqimaodu port station of China.

(Reuters) - Shenhua Group, China's top coal producer, will form a joint venture with partners in Mongolia to build a cross-border rail link that will help ship coal to China, the company confirmed on Wednesday.

London, England (CNN) -- A 53-day journey by train might sound like murder on the Orient Express, but one enterprising British travel company is offering rail tickets that take nearly eight weeks to circumnavigate the globe.

Mongolia announced Saturday that it will build an international-standard narrow gauge railroad across its border with China to transport its minerals from the Mongolian Gashuun Sukhait port to China's Gants Mod port.

In an interview with Yo. Manlaibayar, the chairman of the Coordinating Department of Railway and Maritime Policy of the Ministry of Roads and Transportation, we learn more about proposals for the renovation of Ulaanbaatar Railway.

SUNNYVALE, CA, Nov 13, 2013 – Trimble announced today that its Quantm alignment planning system was used for route optimization on the Mongolian Northern Railways project from Ovoot to Erdenet. Quantm was selected to investigate alignment alternatives by Aspire Mining and their appointed consultants, SMEC International, on the 547-kilometer coal freight rail pre-feasibility study.

Ulaanbaatar, August 18 /MONTSAME/ The cabinet Friday at its meeting decided to support the coal export, and released some resolutions.

A research conference titled “Mongolian Railway Development Issues” took place at the State Palace on Wednesday.

ULAANBAATAR (Mongolia), Aug 20 (Bernama) -- A meeting was held here on Monday to resolve some issues in rail transportation for freight and passengers between Mongolia, Russia and China, Mongolia's MONTSAME news agency reported.

The Mongolian Railway State Owned Share Holding Company signed with the Japanese consulting firm, Nippon Koei Group, that has been selected as the technical assistant company for a new railroad project on Tuesday March 14th.

Samsung C&T has signed an agreement to build a 217-kilometer railway in Mongolia commissioned by the Railway Authority of Mongolia on May 8th.

Mongolia’s decision to use broad gauge rail for a new line to China will increase costs for coal exporters, including Hong Kong-traded Mongolia Mining Corp. (975), according to a research firm.

A railway sleeper is banned to be implemented on the use of wood where lumber for the railway will not be allowed for at least five years.

The President of the state-run Russian Railways Company, V.I. Yakunin, delivered a request to meet with Prime Minister N.Altankhuyag several days ago.

March 28 (news.mn) The "Mongolian Railway" State Owned Shareholding Company has been granted a special mandate to develop a project to build 1800km of railway.

April 1 (InfoMongolia) The Deputy Prime Minister of Mongolia and Chairman of Russia-Mongolia Intergovernmental Committee, Dendev TERBISHDAGVA received the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia Viktor Vasilyevich Samoilenko on March 29, 2013.