Asian young businessman to gather here

A meeting of Asian young businessmen will take place this May 20 in Ulaanbaatar. It will be held in frames of the XIII Asian Youth Council General Assembly that will be co-organized by the government of Mongolia, Mongolian Youth Federation and Asian Youth Council. In Ulaanbaatar on May 18-21, the Assembly will bring together representatives of civil society, public authorities, of industry, ...

Group Including Sumitomo to Develop Mongolia Coal Mine

​​A group comprising Energy Resources LLC, China Shenhua Energy Co. and Sumitomo Corp. (8053) won the right to develop one of Mongolia’s largest metallurgical-coal deposits, beating a bid from U.S. mining company Peabody Energy Corp. Mongolia’s government will retain full ownership of the Tavan Tolgoi deposit, according to a statement posted yesterday on the website of ...

Mongolian insurance sector set to consolidate

The insurance sector in Mongolia is heading for consolidation with higher capital requirements likely to squeeze out smaller operators in a crowded market. However larger firms can look forward to solid growth prospects as penetration rates remain low and product awareness is on the rise. The expected narrowing of the number of insurers--most likely through a series of mergers or buyouts--is...