AGP Executive Report
Last update: 2 hours agoInfrastructure: The World Bank will study upgrades to Murun Airport and support work on 368 km of roads and bridges, including widening the Ulaanbaatar–Lun road. Banking: FMO is leading a $172 million syndicated loan for Khan Bank, while the Bank of Mongolia will let financially strained borrowers extend eligible consumer-loan terms by up to 48 months. Mining and trade: Oyu Tolgoi has restarted after a seismic event, with copper output up 27% as the underground mine approaches Rio Tinto’s 500,000-tonne target. Faster border processing has also lifted daily copper-export vehicle departures from about 14 to 134. Investment: Erdene reported Q3 net income of $9.6 million, and Entrée Resources closed an oversubscribed C$36.2 million financing. Energy supply: Mongolia secured 92,000 tonnes of fuel for November—about 20,000 tonnes above normal monthly consumption—as it works to expand storage and build reserves.
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