To what extent is there a risk of overheating in the economy, and what measures are being taken to protect from inflationary pressures in 2013?
THE COMPANY: Not to be confused with Erdenes Tavan Tolgoi, Tavan Tolgoi Joint-Stock Company (TT JSC, also known as Small Tavan Tolgoi) is still one of the largest coal mining companies in Mongolia. The firm’s name means “five hills” and refers to the area’s landscape. The company is part of the larger...
With 14 commercial banks in a market of MNT10.11trn ($7.1bn) in assets by June 2012, Mongolia is one of the more fragmented banking markets in terms of number of lenders. Yet the years since the financial crisis of 2008 have witnessed a rapid concentration of business in the hands of five top banks: Khan Bank, Golomt Bank and Trade and Development...
Fundraising offshore has been a major trend among Mongolian corporates over the last three years. While commodities slumped in 2012 and political risk reemerged on foreign investors’ radar, Mongolia seems likely to continue tapping international markets via both debt and equity issuance in coming years. The government, however, must be cautious to...
THE COMPANY: Originally a state-owned company, Sharyn Gol was partially privatised and listed on the Mongolian Stock Exchange in 1995. It became 100% private in 2003. The firm has undergone complete restructuring since a New York-based company, Firebird Fund, acquired 61% of it. In January 2011 Sharyn Gol...
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