Mongolia

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What can be done to address the current seasonality of Mongolia’s construction sector?

Although it may be the least densely populated country in the world, Mongolia’s capital has serious traffic problems. Migration from the provinces to the urban centre and a lack of infrastructure development have left Ulaanbaatar with downtown gridlock throughout the day. It is a city built for 70,000 cars; it now has 150,000. Over the past 20...

The rapid expansion of Mongolia’s economy in recent years has had a knock-on effect on construction activity across the country. According to World Bank data, the construction industry grew by more than 25% over the course of 2012, primarily as a result of a handful of government-led infrastructure and housing investment programmes. While local...

What needs to be done to boost public-private partnerships (PPPs) in the energy sector?

First deliveries of “Mongol93” hit the market in May 2013. With its plans to build a domestic refinery delayed, Mongolia has agreed to swap crude for refined fuel with PetroChina, a subsidiary of China National Offshore Oil Corp. This new import source, though still expensive, should reduce Rosneft’s leverage at the trading table. Even a...

For Mongolia’s frontier mining industry, long dominated by the promise of future production, 2013 marked a watershed with the commercialisation of the first phase of the world’s largest undeveloped copper and gold mine, Oyu Tolgoi (OT). Despite uncertainty over OT’s future expansion and challenges for Mongolia’s coking coal miners, a government mandate fresh from the 16-...

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