Hazara Mongols fearing extinction in Afghanistan dream of return to ancient homeland

Antonio Graceffo in Ulaanbaatar September 7, 2021

Repressed ethnic minority dread renewed persecution under second Taliban regime. Academics in Mongolia wonder if legends about “how we will go and bring our people back” could come true.

EV market may create copper deficit

Dimitri Frolowsckii of Neo September 3, 2021

Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.

The crushing weight of China’s debt burden on Eurasia

bne IntelIiNews September 1, 2021

Emerging European economies were already facing heavy debt burdens before the pandemic. Now it’s worse. Several countries in Eurasia and Emerging Europe are struggling to pay off huge loans they took from China.

Only tough options for Afghans looking to escape north or west

Muzaffar Ismailov in Tashkent & Kanat Shaku in Almaty August 29, 2021

The UNHCR has estimated half a million could attempt to flee Taliban rule by year-end, but Central Asia, Iran and Turkey will prove far from welcoming.

Zasag Chandmani mining dispute is a litmus test for Mongolia

Ben Aris in Berlin August 22, 2021

The younger half-brother of Britain's prime minister, Maximilian Johnson, has run into trouble in Mongolia. He works for a Hong Kong-based fund GRF2 that invested $19mn in a mine, but the owner has run off with the money.

Mismanagement to blame for $1.4bn cost blowout at Gobi Desert copper mine expansion consultants say

Anand Tumurtogoo in Ulaanbaatar August 10, 2021

Rio Tinto, which blamed ground and geotechnical conditions at Oyu Tolgoi, now has more explaining to do to the Mongolian government.

bneGREEN: BlackRock raises $250mn to fund climate transition in emerging markets

Richard Lockhart in Edinburgh July 13, 2021

BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.

Coronavirus cancellation of Mongolia's Naadam deals harsh blow

Antonio Graceffo & Dandar Jamsran in Ulaanbaatar July 5, 2021

Mongolia's most important annual festival, Naadam, has been held every year for the past 800 years, but it has been laid low by the coronavirus pandemic for the second year in a row. Naadam was cancelled on July 2.

CENTRAL ASIA BLOG: Mongolia’s fledgling tourism sector faces a long road to recovery after COVID-19

Antonio Graceffo July 1, 2021

International travellers do not arrive on a whim. Most book at least six months ahead. The country’s tourism operators have thus already lost 2020 and 2021.

CENTRAL ASIA BLOG: The new khan of Mongolia

Anand Tumurtogoo in Ulaanbaatar June 30, 2021

Khurelsukh Ukhnaa hopes to bestride the nation as a president who gets things done. But he’ll have to overcome some big, early challenges first.

Under half of emerging Europe economies to achieve full recovery in 2021

bne IntelliNews June 29, 2021

EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.

Mongolia’s inflation rate reaches 6.2% in May

bne IntelliNews June 17, 2021

Mongolia’s national consumer inflation is at 6.2%, up by 0.7% m/m.