1 MONGOLIA’S “TOP-100” BUSINESSES OF 2024 RECOGNIZED WWW.MONTSAME.MN PUBLISHED:2025/07/04      2 MONGOLIA’S WWII LEGACY: ASSET OR LIABILITY IN 2025? WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/04      3 UNDP LAUNCHES GRANTS TO STRENGTHEN CIVIC PARTICIPATION AND PUBLIC SERVICE INTEGRITY IN MONGOLIA WWW.UNDP.ORG PUBLISHED:2025/07/04      4 ION ANNOUNCES CLOSING OF DEBT SETTLEMENT AND UPDATE ON JOINT VENTURE ON URGAKH NARAN PROJECT WWW.STOCKTITAN.NET  PUBLISHED:2025/07/04      5 WOMEN’S 3X3 BASKETBALL TEAM CLIMBS TO WORLD NO. 5 WWW.UBPOST.MN PUBLISHED:2025/07/04      6 MONGOLIA RECORDS 24 MODERATE EARTHQUAKES IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/04      7 FLIGHTS BETWEEN MOSCOW, ULAANBAATAR TO BE RESUMED BY YEAR-END WWW.TASS.COM PUBLISHED:2025/07/04      8 EMPEROR MEETS REPORTERS AHEAD OF VISIT TO MONGOLIA WWW.3.NHK.OR.JP PUBLISHED:2025/07/03      9 WOOD ADVANCES RARE EARTH ELEMENTS PROJECT IN MONGOLIA WWW.MININGWEEKLY.COM  PUBLISHED:2025/07/03      10 THE BANK OF MONGOLIA PURCHASES 5.9 TONS OF PRECIOUS METALS IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/03      ХӨРӨНГӨ ОРУУЛАГЧДЫГ ХУРЛААР БУС, ХУУЛИАР УРЬДАГ ЮМ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     НҮҮРС ТЭЭВРИЙГ ХОЛИМОГ ТЭЭВРЭЭР ГҮЙЦЭТГЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/04     ВАЛЮТЫН НӨӨЦ 5.2 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/04     УСНЫ САН БҮХИЙ ГАЗАРТ ТҮГЭЭМЭЛ ТАРХАЦТАЙ АШИГТ МАЛТМАЛЫН ТУСГАЙ ЗӨВШӨӨРӨЛ ОЛГОХЫГ ХОРИГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     КУВЕЙТ ЗАМ, ТЭЭВЭР, ДЭД БҮТЦИЙН САЛБАРТ ИДЭВХТЭЙ ХАМТРАН АЖИЛЛАХАА ИЛЭРХИЙЛЭВ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/04     “ӨНДӨРХААН НИСЭХ БУУДАЛ” НЭЭЛТЭЭ ХИЙЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/04     П.САЙНЗОРИГ: МАНАЙ УЛСЫН ГАДААД ПАСПОРТ ХҮЧИРХЭГ БАЙДЛЫНХАА ЭРЭМБЭЭР 69 ДҮГЭЭР БАЙРТ ЖАГСАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     Г.ЗАНДАНШАТАР: ХҮН ТӨВТЭЙ ХАНДЛАГА ТӨРИЙН АЛБАНЫ, ТӨРИЙН АЛБАН ХААГЧИЙН ҮНДСЭН ЗАРЧИМ БОЛОХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/03     УЛААНБААТАР-МОСКВА ЧИГЛЭЛИЙН ШУУД НИСЛЭГИЙГ ЭНЭ ОНЫ СҮҮЛЭЭР СЭРГЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/03     ИГАВАХАРА МАСАРҮ: ЯПОНЫ ЦОГ ЖАВХЛАНТ ЭЗЭН ХААН, ЭРХЭМ ДЭЭД ХАТНЫ АЙЛЧЛАЛ НЬ ХОЁР ОРНЫ ХАРИЛЦААНД ШИНЭ ХУУДСЫГ НЭЭХ АЛХАМ БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/03    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

64x64

ESG, geopolitics ranked top risks for mining companies, EY survey shows www.mining.com

Global mining and metals executives view environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year’s ranking of the Top 10 business risks and opportunities for mining and metals in 2023 by EY.
“We’ve witnessed huge upheaval and change over the last year, namely due to the war in Ukraine, climate events, new governments in mining regions and shifting relationships in others — all coming together to drive substantial impact on the sector,” explains Theo Yameogo, Americas mining and metals leader.
“These external factors combined with inflation will continue to shift the sector’s risks and opportunities as pressure form stakeholders and capital markets hold leaders accountable on multiple fronts. Companies that can demonstrate their ability to future-proof their business models to better deal with disruption and changing commercial relationships will ultimately gain a competitive advantage.”
While evidence has shown that mining and metals companies are integrating ESG factors into corporate strategies, decision-making and reporting, survey respondents continued to rank ESG issues as the number one risk to their business, with climate change following closely behind in the third position (see below).
ranking radar chart
“Net zero is still a focus, but mining and metals companies are also mitigating broader transition and physical risks,” says Yameogo. “Companies must play a role in enabling a just transition — achieving decarbonization targets while considering the long-term impact of mine closures on workers and communities.”
Respondents ranked geopolitics as the second business risk — up from fourth last year, with 72% identifying resource nationalism as the top geopolitical factor likely to impact their operations as governments seek to fill revenue gaps after spending throughout the pandemic and capitalize on higher commodity prices through new or increased mining royalties.
Respondents also listed water stewardship (76%), decarbonization (55%) and green production (35%) as the top issues they expect will face the most scrutiny from investors (see below).
which are the top esg issues graph
Various external and societal factors such as the impact of Covid-19, the war in Ukraine and rising energy prices have magnified the challenges that have been looming for some time. In response, respondents say they are seeking to improve end-to-end supply chain visibility, leverage technology to improve operations and performance, and be more strategic when analyzing new technologies and supplier portfolios.
“Major disruption and rapidly changing expectations, together, may impact the ability for mining and metals companies to build sustainable value,” Yameogo adds. “Risk mitigation and maximizing opportunity requires companies to make significant changes to their business through a proactive, diversified approach that’s integrated into strategy and broader planning.”
...


64x64

Deposits in domestic currency decreased by 3.5 percent www.montsame.mn

At the end of August 2022, the savings deposit in domestic currency amounted to MNT12.8 trillion, dropped by MNT470.7 billion (3.5 percent) from the previous month, and by MNT 2.5 trillion (16.3 percent) from the same period of the previous year.
The National Statistics Office reported that in terms of the type of savings deposit in domestic currency, 89.5 percent (MNT11.5 trillion) was individuals’ deposits while 10.5 percent (MNT1.3 trillion) was deposits of enterprises.
The savings deposit in foreign currency amounted to MNT4.6 trillion, increased by MNT43.6 billion (1.0 percent) from the previous month and by MNT457.5 billion (11.1 percent) from the same period of the previous year.
...


64x64

Technical support to prepare factual evidence for the establishment of a fully functional Youth Development Centre www.mongolia.unfpa.org

The Mongolia Country Office of the United Nations Population Fund (UNFPA), an international development agency, is inviting prospective individuals to provide consultancy services.
Consultancy:
Technical support to prepare factual evidence for the establishment of a fully functional Youth Development Centre (YDC)
Duration
20 working day (October 2022)
Location
Ulaanbaatar, Mongolia
Posted date:
28 September 2022
Deadline:
6 October 2022, Thursday, 10:00 am (Ulaanbaatar time; GMT+8)
Purpose of the consultancy:
The purpose of this consultancy is to prepare factual evidence for the establishment of a fully functional Youth Development Centre (YDC) at the provincial and district level based on local functionality assessment with cost projection.
Detailed information and required qualifications can be found in the Terms of Reference (TOR), which is available in the list of attachments.
Qualifications and requirements:
An advanced university degree in relevant field, such as social science, economics, policy analysis and public health is required;
Minimum 5years’ experience in leading the project/program evaluation;
Minimum 5 years’ experience in designing and producing costing analysis in social science field;
Minimum 5 years’ experience conducting project/programme monitoring and evaluations, including practical field experience;
Proven experience in producing policy briefs, policy analysis and other analytical documents in social science, economics field;
Experience in data analysis, both quantitative and qualitative;
Experience in working with United Nations and engaging with Government and ministries is desirable;
Advanced and demonstrable analytical and writing skills;
Fluency in English and Mongolia (both oral and written) is required.
Required competencies:
Excellent skills in teamwork;
An adequate level of communication skills;
Ability to work under pressure with a strict timeline;
Knowledge of human rights, sexual and reproductive health, gender equality, population, statistics and research in general.
How to apply:
If you meet the qualifications of the announced assignment, please submit your CV or P11 form, full contact information of minimum 3 references, availability, and proposed daily professional fee in Mongolian Tugrik (MNT) by 6th of October 2022, 10:00AM (Ulaanbaatar time) to vacancy@unfpa.org.mn with subject line: Ref: IC/22/022 – National consultant to prepare factual evidence for the establishment of a fully functional Youth Development Centre (YDC).
Note:
Incomplete and late applications will be excluded from further consideration;
Post is advertised for local nationals only, currently residing in Mongolia;
The UNFPA reserves the right to accept or reject, in part or whole, any or all the proposals at any time without assigning any reason;
Only successful candidate will be notified.
...


64x64

South Korean company to build combined heat and power plant in Mongolia www.akipress.com

Energy development company KM Infrastructure Corporation, invested by South Korea and Mongolia, signed an agreement to build a waste recycling plant in Ulaanbaatar, South Korean media reported.
KM Infrastructure Corporation signed an official agreement on selling electric energy with State National Center for Energy Management under the Ministry of Energy of Mongolia on August 31.
The current government is the first government of Mongolia, which allowed to construct a private combined heat and power plant in the center of Ulaanbaatar and direct purchase of produced energy.
The capacity of the prospective plant will make 15.4 MW. It will provide energy for 390,000 houses in Ulaanbaatar.
Two waste burning plants with capacity of 300 tons are also planned to be built. The plant's energy efficiency will be increased by producing only electric energy.
The government of Mongolia announced that the energy from KM Infrastructure Corporation will be bought for 25 years.
The construction of thermoelectric power station will begin in April 2023 in Ulaanbaatar in the territory of 40,000 square meters, and will end by the second half of 2025. The total cost of the project reaches $100 million.
...


64x64

Workshop Bolsters Mongolian Sanctions Compliance and Nonproliferation Efforts www.mn.usembassy.gov

Experts from the Wisconsin Project on Nuclear Arms Control delivered a workshop September 22-23 for over 40 government, law enforcement, and industry representatives in use of the Risk Report database, the leading source of unclassified information on companies around the world linked to the proliferation of weapons of mass destruction and related sanctions evasion.
The Wisconsin Project is a United States-based nonprofit organization that conducts research and public education aimed at inhibiting strategic trade from contributing to the proliferation of weapons of mass destruction. Sponsored by U.S. Department of State Bureau of International Security and Nonproliferation (ISN) Export Control and Related Border Security (EXBS) program and organized in collaboration with the National Counter Terrorism Council of Mongolia, the training helps strengthen Mongolian public and private sector capacity to screen, detect, and investigate suspected export control or sanctions violations and bolster international sanctions compliance.
...


64x64

Elixir Energy coal bed methane pilot project in Mongolia on track; first well complete and a second on its way www.proactiveinvestors.com.au

Elixir Energy Ltd (ASX:EXR) says its coal bed methane (CBM) extended pilot project in Mongolia, part of the 100%-owned Nomgon-9 CBM production sharing contract, is underway with the first well drilled and completed.
The well in the country's south was drilled to a total depth of 488 metres in 11 days, which is a record time for Elixir, and the exercise was conducted safely and to budget.
Roughly 55 metres of coal were logged over the primary target '100 series coal' and a perforated liner installed over this section.
Second pilot well
The rig is now moving to the location for the second and final pilot well, Nomgon-8, which is due to spud later this week.
Following the completion of Nomgon-8, down-hole pumps will be installed in both wells together with production skids, pipework and a flare.
The project is on track to start pumping operations at the two pilot wells in around a month.
Baseline environmental monitoring
The company has also initiated a baseline environmental monitoring program in the immediate region surrounding the pilot area, which is over and above the relevant regulatory requirements.
This is the first time such a program has been undertaken in the Gobi region.
Elixir managing director Neil Young said: “We are pleased to report that our pilot production program is on track with the successful drilling and completion of Nomgon-9.
“I congratulate our drilling contractor Major Drilling and our own on-site team who have worked tirelessly to deliver a quick, safe and fit-for-purpose pilot well.
“We look forward to moving into the pilot production phase, and although the timing and quantums of water and gas flows from the wells is uncertain in such a new area, we could see meaningful gas breakthroughs by as early as Christmas.”
...


64x64

Chinese yuan: Currency hits record lows against US dollar www.bbc.com

China's yuan has hit fresh record lows against the surging US dollar.
The internationally-traded yuan fell to its lowest level since data first became available in 2011.
China's domestic currency also reached its weakest point since the 2008 global financial crisis.
It comes as the dollar continues to rise in value against other major currencies, after the US central bank increased interest rates again earlier this month.
Meanwhile on Wednesday, major stock market indexes across Asia fell sharply.
Hong Kong's Hang Seng index closed 3.4% lower, Japan's benchmark Nikkei index closed 1.5% lower and the Kospi in South Korea ended the day down by 2.4%.
Many investors see the dollar as a safe place to put their money in times of trouble.
That has helped to drive up its value against other currencies, including the British pound - which hit an all-time low against the dollar on Monday.
Also on Wednesday, the dollar reached a fresh 20-year high against a closely-watched group of leading global currencies.
The yuan's slide is yet another example of a currency weakening as a result of the strong dollar.
It is also about the very different paths China and the United States are taking in response to economic issues at home.
The PBOC has been easing interest rates to revive growth in an economy ravaged by Covid lockdowns, while the US Federal Reserve is moving aggressively in the opposite direction as it tries to control inflation.
Such a divergence is not wholly problematic, Joseph Capurso, head of international and sustainable economics at the Commonwealth Bank of Australia told the BBC.
The fall in the currency's value can actually be helpful for exporters within China, he said, because it would make their goods cheaper and so could increase demand.
That said, exports only make up 20% of the Chinese economy these days, so a weak yuan will not turn around fundamental weakness domestically largely caused by Beijing's zero-Covid strategy and a property crisis, said Mr Capurso.
A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist Party Congress coming up next month.
The yuan's fall has caused weakness in other currencies of developed economies in the region, including the Australian and Singapore dollar as well as the South Korean won.
Last week, the Bank of Japan intervened to support the yen for the first time since 1998, after the currency weakened against the dollar.
Asia's emerging markets are vulnerable too - as they sell raw materials and components to China's factories and so have increasingly become dependent on the yuan.
Washington has in the past accused China of intentionally devaluing its currency to keep exports cheap and imports from the US expensive.
While the strong dollar has rattled world markets, it is unlikely to deter the Fed from continuing to raise rates.
"The strong dollar is working for the US market," Dimitri Zabelin at the London School of Economics' foreign policy think-tank said.
"It will be a consideration but it will not weigh as heavy as domestic concern about inflation."
China's central bank has been trying to slow the yuan's slide by making it more expensive to bet against the currency. The People's Bank of China (PBOC) also cut how much foreign currency banks have to hold.
...


64x64

Copper production to show “strong and consistent” growth for next decade www.mining.com

A new study by Fitch Solutions Country Risk and Industry Research forecasts 7.3 million tonnes will be added to global copper production through 2031 as a raft of projects in Chile, China and Congo come online.
Fitch expects global copper mine production to increase by an average annual rate of 3.2% over 2022–2031, with annual output rising from 21.9mnt in 2022 to 29.2mnt by 2031 boosted by elevated copper prices and a positive demand outlook.
SIGN UP FOR THE COPPER DIGEST
Chile
The market researcher says top producer Chile will show a slight decline in the short term due to ongoing drought affecting mines such as Anglo American’s Los Bronces and Antofagasta’s Los Pelambres operations, labour action at state-owned Codelco and unforeseen maintenance at Vale’s mines.
However, longer term the country, which is responsible for a quarter of global production, will experience strong growth led by large scale miners. BHP is adding substantially to Escondida’s output following the end of covid restrictions, Teck Resources’ Quebrada Blanca Phase 2 project is expected to complete construction around the end of 2022, while Codelco is undertaking a $1.6 billion project to overhaul its Salvadore mine and add 47 years to its mine life.
“Downside risks to long-term production stem from the possibility of a mining sector tax, which President Gabriel Boric is pursuing. Nevertheless, given significant opposition in Congress to the original proposals, we expect the impact on output to be limited,” says Fitch.
China
Fitch expects Chinese copper mine production growth to slow sharply from an average growth rate of 6.9% over the past decade to 1.0% through 2031 due to the shutdown of low grade mines and delayed capacity expansions.
Ramp ups at new projects, including Yunnan Copper’s Pulang mine and Zijin Mining’s Qulong complex will offset declines elsewhere.
Peru
Fitch expects Peruvian output growth to slow dramatically in the near term from its earlier estimates due to community protests affecting key mines including MMG’s Las Bambas and Southern Copper Corp’s Cuajone mines. The authors of the report do not anticipate that annual production will reach pre-covid levels until 2024.
China will play an increasingly important role in Peru’s copper sector, says Fitch, pointing to the country’s Ministry of Energy and Mines forecast of a total of $10.2 billion to be invested by Chinese firms in five mining projects over the next 10 years.
DRC
The Democratic Republic of the Congo, thanks mainly to Ivanhoe Mines and Zijin Mining’s giant Kamoa-Kakula mine expansion, will exceed annual production of 2 million tonnes for the first time next year and reach nearly 3 million tonnes in 2031.
Glencore’s restart of the Mutanda copper-cobalt mine and China Minmetals’ Deziwa project, held with state-owned Gecamines will further add to the central African nation’s strong growth.
Price slump
The copper price has been in retreat since hitting all-time highs in March and was last trading at $3.28 a pound ($7,230 a tonne) in New York, a 10-week low.
Fitch expects prices to average $8,400 a tonne in 2023 and $11,500 a tonne by 2031 as a long-term structural deficit emerges due to the very strong long-term demand outlook.
...


64x64

Making a difference to the future of snow leopards in Mongolia: achievements so far www.ptes.org

We have a longstanding partnership with Snow Leopard Conservation Foundation (SLCF), led by Bayara Agvaantseren, to protect snow leopards in the Tost Nature Reserve, South Gobi, Mongolia.
We’re pleased to report some considerable achievements. We believe this partnership is making a real tangible difference to the future of snow leopards in Mongolia, and so, we’re committing a further £100,000 for another five-year investment. The last five years have seen the following:
1. Tost Nature Reserve administration and capacity building
The headquarters formally opened in October 2020 with eight staff, fully equipped with computers and office furniture. Training sessions have since taken place from the HQ and the team have been working hard to complete the plan to send to the South Gobi government.
2. Monitoring and patrolling Tost Nature Reserve
Seven Tost community rangers patrol the reserve twice a month, looking for any violations (such as illegal hunting and mining), and recording wildlife sightings/other important data. The community rangers were also provided with handheld GPS units and new binoculars, crucial to their monitoring and patrolling work.
3. Tost snow leopards
Thanks to the protected status of the Tost Nature Reserve, snow leopards that range here are much safer. Since 2009, SLCF and Snow Leopard Trust have been using camera traps to conduct annual snow leopard population surveys. The good news from the 2019-20 surveys is that the Tost population appears to be stable. This data is also contributing to the global snow leopard estimate called PAWS (Population of the World’s Snow Leopards).
4. Surveying Tost for archaeological sites
Responsible eco-tourism is a key component of the Tost 2021-25 Management Plan. Wildlife viewing may not be the only draw for tourism, as Tost is also a key archeological site.
5. Completion of signage in the Tost Nature Reserve
An extensive signage project was completed in Autumn 2021 to alert the public about the Reserve’s rules and regulations. Over 65 signs were placed in strategic locations, in addition to dozens of reserve boundary posts that were added to the borders.
6. Snow Leopard Day in Gurvantes
In 2013, October 23rd was officially declared International Snow Leopard Day. Tost Nature Reserve marked the Day in 2021 by running many activities promoting snow leopard protection.
Investing in the future of snow leopards
With support from PTES, SLCF has secured Tost as an 8,965 km2 federally protected area that is free of mining threats and with a governing administration and headquarters.
We’ve invested £100,000 in the conservation of snow leopards and now, thanks to the already impressive achievements of PTES Conservation Partner Bayara Agvaantseren and her team, we’re committing a further £100,000 to continue this vital conservation.
Over the next five years, we’ll support and strengthen the reserve’s management team. Regular patrolling is vital to keep the reserve free from illegal mining and poaching. Together, we can help protect the incredible snow leopard from extinction.
...


64x64

Inner Mongolia launches fast custom clearance channel for cross-border train, boosting China-Mongolia trade www.globaltimes.cn

A cargo train loaded with more than 3,000 tons of architectural materials and general goods departed on Tuesday from Ulanqab city, North China's Inner Mongolia Autonomous Region and will head to Ulan Bator, the capital of Mongolia, marking the first China-Mongolia cargo train since the launch of a new "railway express" service featuring rapid customs clearance, according to a statement that Customs of Jining in Ualnqab city sent to the Global Times on Tuesday. It comes as China and Mongolia aim to ramp up transportation capacity and boost trade.
China and Mongolia's bilateral trade has seen significant growth, and it accounted for more than 60 percent of Mongolia's total foreign trade volume in the first half of the year. The two countries want to increase the transportation capacity of the cross-border train services to cater to the growing trade activities.
The railway express service uses digital and paperless administration, allowing customs to conduct inspections of the cargo goods online while simplifying the application procedures.
The system can cut the customs clearance process by 24 hours and save more than 200 yuan ($28) per container, Jining Customs said.
"After we opened the first railway express outbound train in the autonomous region, the logistics time was further shortened and the cost was further reduced. Our customers said that they all want to use the new service to get their goods delivered more quickly," said Wang Shengyuan, the general manager of a trade company in Ulanqab.
"It is one of our important tasks to implement the measures to promote foreign trade and to ensure the smooth operation of the railway express train," said Bao Huiquan, head of Jining Customs.
To this end, Jining Customs has established a special guarantee team to work 24 hours a day and seven days a week for custom clearance, while cooperating with port customs to sort out and refine regulations for the new business model, Bao said.
Hohhot Customs will continue to improve the railway customs clearance, explore and expand the applicable coverage of the railway express and promote efficient international logistics in the central and western regions, it said.
 
 
 
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook