Oyu Tolgoi to make US$ 800 million investment this year

B.Erdenechimeg

2017-04-21 16:05 GMT+8

Bank of Mongolia held press session today to introduce macroeconomic situation in the first three months of 2017. 

At the meeting, positive changes in the economic sector were highlighted. 

  • Oyu Tolgoi LLC to make US$ 800 million investment this year.
  • Prices for coal, Mongolian major export product sharply increased in China.
  • Government released Khuraldai bond worth US$ 600 million in order to pay Development bank bond. At that time, foreign investors ordered 30 times more US$ 600 million which proves that foreign investors are positively seeing our economy.
  • Unemployment rate declined compared to last two years. 
  • Evaluation of credit rating agencies to Mongolian is stable. 
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