1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

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

NEWS

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How Starlink is Shaping Mongolia’s Digital Landscape www.isp.page

Mongolia is a vast country with a population of just over three million people. The majority of the population lives in rural areas, where access to the internet is limited. However, this is changing thanks to Starlink, a satellite internet service provided by SpaceX.
Starlink is a game-changer for Mongolia’s digital landscape. It provides high-speed internet access to remote areas that were previously unreachable. This is a significant advantage for rural communities, as it allows them to access information, education, and communication tools that were previously unavailable.
One of the main advantages of Starlink is its speed. It provides internet speeds of up to 150 Mbps, which is faster than most traditional internet services in Mongolia. This means that rural communities can now access online services, such as video conferencing, streaming, and online learning, without experiencing buffering or slow loading times.
Another advantage of Starlink is its reliability. Traditional internet services in Mongolia are often unreliable, with frequent outages and slow speeds. This can be frustrating for users, especially those who rely on the internet for work or education. Starlink, on the other hand, provides a reliable and consistent internet connection, even in remote areas.
Starlink is also cost-effective. Traditional internet services in Mongolia can be expensive, especially in rural areas where the infrastructure is limited. Starlink, however, provides a cost-effective solution for rural communities, as it does not require expensive infrastructure or maintenance costs.
One of the most significant advantages of Starlink is its accessibility. Traditional internet services in Mongolia are often limited to urban areas, leaving rural communities without access to the internet. Starlink, however, provides internet access to remote areas that were previously unreachable. This means that rural communities can now access the same online services as urban areas, without having to travel long distances.
Starlink is also easy to set up and use. Traditional internet services in Mongolia often require complex installations and configurations, which can be challenging for users. Starlink, on the other hand, is easy to set up and use, even for those with limited technical knowledge.
In conclusion, Starlink is shaping Mongolia’s digital landscape by providing high-speed, reliable, cost-effective, and accessible internet services to rural communities. This is a significant advantage for rural communities, as it allows them to access information, education, and communication tools that were previously unavailable. Starlink is a game-changer for Mongolia’s digital future, and it is expected to have a significant impact on the country’s economic and social development.
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Ban Ki-moon: Continue to Make a Difference in Your Zone of Influence www.montsame.mn

Mr. Ban Ki-moon, the 8th UN Secretary-General of the United Nations and Chairman of the Ban Ki-moon Foundation made a speech as the guest of honor at the Trans-Altai Stability Dialogue: Gender Equality and Sustainable Development, being held on June 12-14 at the State House.
“We all together represent the global movement in which we strive to create a just and equitable world for all. This is something I have advocated and practiced throughout my career. It is a core mission of the Ban Ki-moon Foundation for a Better Future. From the start of my tenure as the UN Secretary-General, I promised to make gender equality and women's rights a global priority.
Recognizing that change starts at home, has inspired the appointment of dozens of high-profile women to leadership positions within the United Nations. As I travel the world, I witness the struggles of women and girls, drawing strength from the indomitable spirit of the women, who show resilience and determination to make a difference in their communities.
As outlined in the latest report on the Sustainable Development Goals, the world faces obstacles to achieving its goal for gender equality by 2030. Specifically, the social and economic consequences of the COVID-19 pandemic have a particularly negative impact on women and girls. Violence against women continues to plague our society. Also, the progress for women to reach leadership positions in the political and economic sectors is still slow.
To change it, we must use a holistic and multifaceted approach. We should encourage legislation, policies, funding, and institutions that advance gender equality. We should encourage legislation, policies, funding, and institutions that advance gender equality. I want all of you, the policymakers, experts, academics, and students gathered here today, to continue to make a difference in your zone of influence.
We hope that the Trans- Altai Sustainability Dialogue will raise Mongolia's reputation overseas. With unity and determination, we can overcome obstacles and speed up the future in which discrimination against girls and women is eradicated, and a stable and prosperous society is built,” said Mr. Ban Ki-moon.
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Toyota unveils sweeping plans for new battery tech, EV innovation www.reuters.com

Toyota (7203.T) will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), the automaker said on Tuesday, a strategic pivot that sent its shares higher.
The Japanese giant's technology roadmap, covering aspects as varied as next-generation battery development and a radical redesign of factories, amounted to the automaker's fullest disclosure of its plan to compete in the fast-growing market for EVs where it has lagged rivals led by Tesla (TSLA.O).
The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised.
Shares of the world's best-selling automaker jumped 5% on the day to 2,173 yen, the highest since August.
Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging.
It also trumpeted a "technological breakthrough" that addresses durability problems in solid-state batteries and said it is developing means to mass produce those batteries, targeting commercialisation over 2027-2028.
Solid-state batteries can hold more energy than current liquid electrolyte batteries. Automakers and analysts expect them to speed transition to EVs by addressing a major consumer concern: range.
Still, such batteries are expensive and likely to remain so for years. Toyota will hedge with better-performing lithium iron phosphate batteries, a cheaper alternative to lithium-ion batteries that have spurred EV adoption in China, the world's largest vehicle market.
At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). By comparison, the long-range version of the lithium-ion-powered Tesla Model Y, the world's best-selling EV, can drive for about 530 km based on U.S. standards.
An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. By comparison, the Tesla Supercharger network - the largest of its kind - offers the equivalent of 321 km of charge in 15 minutes.
Toyota did not detail expected costs or required investment for the plans.
Engineers at the automaker have been considering a reboot of its EV strategy since last year to better compete.
The roadmap detailed on Tuesday showed that under new CEO Koji Sato, Toyota has adopted much of the revamp that engineers and planners have been developing as options for months.
That includes use of electric-axle and other technology from suppliers such as Aisin (7259.T) and Denso (6902.T).
"What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.
NEW ASSEMBLY TECHNOLOGY
Toyota said it was developing a dedicated EV platform to reduce the cost of new models and a heavily automated assembly line that would do away with the conveyor belt system that has defined auto production since Henry Ford over 100 years ago.
In Toyota's "self-propelling" assembly line, cars under production would drive themselves through the process.
It also said it would use Giga casting to cut production costs, adopting an innovation pioneered by Tesla using massive, aluminium casting machines to reduce vehicle complexity.
Koji Endo, senior analyst at SBI Securities, said he was surprised by Toyota's move to counter Tesla's lead in production efficiency. "I'm not sure yet Toyota can push back in a counter offensive, but it's getting ready to try," he said.
Toyota's BEV Factory, established in May, aims to produce about 1.7 million vehicles by 2030, Kato said - about half of the 3.5 million EVs Toyota aims to sell annually by that year.
In April, the automaker sold 8,584 EVs worldwide, including under its Lexus brand, accounting for more than 1% of its global sales in a single month for the first time.
Toyota sold almost 10.5 million vehicles in 2022, and has a market value of about $254 billion. By contrast, Tesla sold one-eighth as many vehicles yet is valued at around $791 billion, a premium reflecting investor belief in Tesla's growth potential.
Toyota has long said it wants to offer consumers a choice of new-energy vehicles, including petrol-electric hybrids and hydrogen fuel cells as well as battery EVs, as part of the industry's transition from petrol-powered vehicles.
Reporting by Daniel Leussink; Editing by Christopher Cushing and Kevin Krolicki
 
 
 
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Ulaanbaatar Dialogue: Fostering Peace and Cooperation in Northeast Asia www.montsame.mn

Recently, Mongolia's foreign relations have been very active, with various visits of foreign government officials and the organization of major international events. One of these events is Ulaanbaatar Dialogue on Northeast Asian Security, the international conference organized by the Ministry of Foreign Affairs and the Institute for Strategic Studies of Mongolia. Mr. N. Ankhbayar, State Secretary of the Ministry of Foreign Affairs has been interviewed about the conference.
- How many visits and events has the Ministry of Foreign Affairs organized this year so far?
- Since the beginning of this year, the Ministry of Foreign Affairs has organized visits to more than 10 countries at the level of Minister, Deputy Minister, and State Secretary of State of Foreign Affairs. Additionally, representatives from almost the same number of foreign countries have visited Mongolia. Moreover, this month alone, we have scheduled the Meeting of Women Foreign Ministers, the Ulaanbaatar Dialogue international conference on Northeast Asian security, the Global Export Promotion Forum, and the Regional seminar on promoting women, peace, and security in Northeast Asia. We are actively preparing to host these major international events in Ulaanbaatar.
-Two events related to Northeast Asia will be held this month. Why does Mongolia focus on Northeast Asia?
- The regions of Northeast Asia and Central Asia and its peace, security, economic development, social development, and environmental issues are of great importance to Mongolia, which stretched over vast territories to the east and west, regionally part of both the two regions. Northeast Asia, with its majority population and potential priority role in future development, as diplomats and scholars consider still faces security threats arising due to state interests, geopolitical conflicts, territorial disputes, and mistrust. It also confronts traditional and non-traditional challenges, including the issue of nuclear weapons. The six-party talks initiated in Beijing in 2003 by diplomats from Russia, the United States, China, South Korea, North Korea, and Japan to address the Korean Peninsula issue have reached a stalemate.
Given Mongolia's traditionally friendly relations with all countries in Northeast Asia, including South Korea and North Korea, we believe we can contribute to regional peace, security, and the establishment of peace on the Korean Peninsula. The "Ulaanbaatar Dialogue" initiative was proposed as it aligns with our country's goal of consistently implementing a peace-loving, open, multi-pillar foreign policy and contributing to global and regional peace and security.
-Could you provide a brief introduction to the "Ulaanbaatar Dialogue" initiative?
-Since the 1980s, before the end of the Cold War, our senior diplomats proposed numerous initiatives to establish a dialogue mechanism for the security of Northeast Asia. In 2001, Mongolia put forward an initiative to establish a dialogue mechanism for ensuring peace and security in Northeast Asia. We raised the issue again in 2003, but due to the prevailing circumstances, it was not realized. Furthermore, we made constant efforts in this direction including organizing the international conference on "The Future of Central Asia and Northeast Asia's Security: New Helsinki" in 2008, as well as hosting the meetings of the bilateral working groups in charge of the normalization of North Korea-Japan relations in 2009 and 2012 in Ulaanbaatar. Finally, in 2013, our country initiated the "Ulaanbaatar Dialogue" initiative.
- Now, could you elaborate on the Ulaanbaatar Dialogue, the international conference on security issues in Northeast Asia?
-Under the framework of the "Ulaanbaatar Dialogue" initiative, Mongolia has been organizing an annual conference on security issues in Northeast Asia since 2014. The conference, held in June each year, has become a traditional platform for discussing security issues in Northeast Asia and its solutions. It attracts participants not only from the region but also from Asia, the Pacific region, North America, and Europe. After a two-year hiatus in 2020 and 2021 due to the Covid-19 pandemic, we successfully held the seventh conference in 2022, both in-person and online. The eighth conference is scheduled to take place on the 15th and 16th of June.
The "Ulaanbaatar Dialogue" is unique compared to other dialogue mechanisms in the region. It covers a wide range of issues and encourages open expression of opinions in an informal setting. The discussion format combines the first channel of official representatives and the second channel of academics, which helps prevent the dialogue from reaching a deadlock.
- With recent missile tests conducted by North Korea, is there hope for peace in Northeast Asia?
-In today's complicated international relations landscape, our country maintains a balanced foreign policy based on the main principles of our peace-loving, multi-pillar, and open approach. Diplomacy teaches us the importance of constantly seeking ways to continue the dialogue, even in tense and conflicted situations.
We believe that engaging North Korea in international dialogue is more effective than isolating the country. Despite the deadlock in the six-party talks and closed dialogue channels, we remain committed to this policy, which led us to launch the "Ulaanbaatar Dialogue" initiative in the past. Regional countries have shown great support for our initiative.
- Will there be a representation of North Korea participating in the eighth international conference?
-We have extended an invitation to the Democratic People’s Republic of Korea to participate in the conference. The door to the conference is always open to them. For the DPRK, the "Ulaanbaatar Dialogue" serves as an important platform to express its position, and its voice to be heard to the world and offers an opportunity to exchange views with other countries.
- What is the theme of this year's conference? How is it different from previous years?
-This year's conference marks the 10th anniversary of the "Ulaanbaatar Dialogue" initiative. It will be a conference that reviews the experiences, challenges, and achievements of the past 10 years while planning for the next 10 years. Over the past five years, the conference has been organized using a 1.5-channel format, which combines official representatives (first channel) and academics (second channel). In addition to Northeast Asian countries, more than 150 representatives from over 20 countries, including the Netherlands, France, Britain, Estonia, the Philippines, and Kazakhstan, as well as international organizations, and research centers have confirmed their participation. Izumi Nakamitsu, the UN High Representative for Disarmament Affairs, will also take part. The high-level participation of the United Nations signifies its recognition of the conference's significance.
The main sessions of the conference will focus on topics namely, "Security Challenges and Opportunities in Northeast Asia," "Multilateral Cooperation in Northeast Asia," "Future of Peace in Northeast Asia," "Economic Cooperation in Northeast Asia after the Pandemic," and "Promoting Energy Cooperation in Northeast Asia."
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Intercontinental Cup 2023: Valiant Mongolia holds Lebanon to goalless draw www.sportstar.thehindu.com

A series of missed chances by striker Karim Darwich continued to haunt Lebanon as it was held to a frustrating goalless draw by Mongolia in its second match of the Intercontinental Cup at the Kalinga Stadium here on Monday.
A match of opposites, between the highest-ranked (Lebanon #99) and lowest-ranked (Mongolia #183) sides was expected to be a goal-fest but the Blue Wolves stuck as a pack, keeping Lebanon for a tense 90 minutes plus added time.
Starting with a completely new line-up, except for the goalkeeper, Mongolia stuck to its five-man defence, freezing the wing-attacks of Aleksandar Ilićić’s side.
But a defensive error almost gave away a goal to the Cedars in the 14th minute, starting with an error in judgement by Mongolia’s goalkeeper Enkhtaivan Munkh-Erdene.
Lebanon right-back Hussein Zein’s through ball for Zein Farran had overrun to reach Erdenechimeg Unur-Erdene on the right flank, whose pass for Enkhtaivan was intercepted by Darwich (Lebanon’s No.9).
Darwich, who had missed multiple chances in the first game (against Vanuatu), delayed his shot and his final strike was cleared on the goal-line by Bat-Erdene Uuganbat (No.4).
At the brink of half-time, Maatouk overlapped with Hassan Saad on the left flank, beat his marker and crossed for Darwich, who missed it as Mongolian defender Batbaatar Amgalanbat (No.2) tossed it just over his net, narrowly escaping the blasphemy of conceding an own goal.
After the restart, the contest continued to be the same – one between assault rifles against a rock wall, punching holes but not really changing anything substantially.
Lebanon, however, found a gap in its opposition’s defence in the 53rd minute when Mataouk made a cheeky run into the box, turned and delivered a lobbed ball for Darwich, whose header flew off-target and he was soon replaced by Khalil Bader.
Despite optimistic runs from the midfield, the two misses by Darwich - the header and the 14th-minute goal-line clearance, along with Mongolia’s valiant consistency with defence - saw the match end with each team returning with a point.
On Matchday 3, three days later, Lebanon will play India while Mongolia will lock horns with Vanuatu. The top two teams will then play the final on June 18.
 
 
 
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China-Central Asia freight train facilitates Mongolia's coal export www.news.cgtn.com

The first cross-border freight train departing from Mongolia's capital, Ulan Bator, for north China's Caofeidian Port arrived at its destination, marking the opening of a new export route for Mongolian coal. The freight train consists of 98 open-top containers loaded with a total of 3,100 tonnes of raw coal. As a part of the China-Europe (Central Asia) freight train service, the launch of this line will further improve the international sea-rail combined transport system of the Beijing-Tianjin-Hebei region.

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Trans-Altai Sustainability Dialogue Kicks off in Ulaanbaatar www.montsame.mn

Trans-Altai Sustainability Dialogue: Gender and Sustainability, organized by the State Great Khural of Mongolia together with Stanford University, the Ban Ki-moon Foundation, and Ewha Womans University of South Korea kicked off today at the State House.
Trans-Altai Sustainability Dialogue (TASD) aims to stimulate cooperative action toward achieving the United Nations-adopted 2030 Agenda for Sustainable Development and focuses on expediting the implementation of gender equality and women’s empowerment, the fifth of the Agenda’s underlying 17 Sustainable Development Goals (SDGs).
Chairman of the State Great Khural.Zandanshatar Gombojav opened the TASD, noting in his speech that the Trans-Altai Sustainability Dialogue has resulted from the Trans-Pacific Sustainability Dialogue, a joint initiative of the Ban Ki-moon Foundation and Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center and aimed at scaling action on the SDGs, specifically 17th Goal on revitalizing the global partnership for sustainable development.
“Mr.Ban Ki-moon, the 8th UN Secretary-General and Chairman of the Ban Ki-moon Foundation initiated the SDGs, calling for state leaders and started the implementation in 2015. Mongolia is the only country that stated in its Constitution that the development policy should be sustainable. Sustainable development has become a global pressing issue. Its implementation has been slowed down due to the COVID-19 pandemic, Russia and Ukraine war, and the current international situation. Therefore, giving special importance to the implementation of the 17th goal of the Agenda’s SDGs has become an important goal of the world and the United Nations. That's why it is special that the conference/ forum is being held within the framework of Trans-Altai countries located in the heart of Central Asia and considered having language and culture with the same origin in many ways,” the Speaker said.
The first day of the gathering consists of multiple public sessions featuring government officials, academics, and practitioners from the United States and across Asia. Keynote speakers and panelists are discussing barriers to gender equality in education, the labor market, and government; examine issues such as gender-based violence and human rights and the connections between gender equality and sustainable development; and consider policy solutions to facilitate a more rapid shift to the empowerment of all women and girls.
Keynote speakers include Ban Ki-moon, the eighth UN Secretary-General and the chairman of the Ban Ki-moon Foundation For a Better Future, Kim Youngjoo, Deputy speaker of the National Assembly of the Republic of Korea and Enkh-Amgalan Luvsantseren, Minister of Education and Science of Mongolia. The Dialogue will continue till June 14.
 
 
 
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Rio Tinto to invest $1.1 billion to expand aluminum smelter in Canada www.reuters.com

Rio Tinto will invest $1.1 billion to expand its “low-carbon” aluminum smelter at Complexe Jonquière in Quebec, Canada, the Anglo-Australian mining giant said on Monday.
The investment will boost annual capacity by about 160,000 metric tonnes of primary aluminum, the global miner said, adding it was sufficient to power 400,000 electric cars.
Pressure to cut greenhouse gas emissions has prompted Rio, Alcoa Corp, and other aluminum manufacturers to launch a raft of products with lower carbon emissions.
The Canadian government has been involved in such efforts. It has invested in the ELYSIS technology pioneered by Alcoa and Rio Tinto that eliminates all CO2 emissions and replaces them with oxygen.
“This announcement brings us one step closer to the deployment of the first ELYSIS pots, which will make Quebec the leader in greenhouse gas-free aluminum production,” said Pierre Fitzgibbon, Quebec’s minister of economy, innovation and energy.
The Quebec government will provide up to $113 million in support for the latest smelter expansion.
“This is the most significant investment in our aluminum business for more than a decade…,” Rio Tinto CEO Jakob Stausholm said.
Construction will run over two-and-a-half years, with commissioning of the new pots expected to start in the first half of 2026 and the smelter fully ramped up by the end of 2026.
The project will create up to 1,000 jobs during peak construction, with about 100 permanent jobs.
The investment has been factored into the capital expenditure for 2023 to 2025, Rio Tinto said, retaining the capex guidance of $9 billion to $10 billion for 2024 and 2025.
The expansion will coincide with the gradual closure of potrooms at the Arvida smelter on the same site, Rio said.
Rio and the Canadian government also signed a memorandum of understanding (MoU) to strengthen supply chains for low-carbon primary metals, critical minerals and other value-added products, the miner said.
(By Harish Sridharan; Editing by Sriraj Kalluvila)
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S. Narantsogt: Large-scale projects can be implemented in the mineral and industrial sectors in cooperation with Germany www.montsame.mn

The 9th Meeting of the Mongolian-German Economic Committee convened in Ulaanbaatar on June 5, 2023. The meeting was chaired by Mr.S.Narantsogt, CEO of "Erdenes Mongol" LLC, and Mr.Hans-Christoph Brumberg, CEO and Asia Regional Director of “WPD” LLC, which operates in the field of development and financing of renewable energy projects, the head of the German side of the committee.
Representatives from private enterprises and organizations of the two countries participated in the meeting and exchanged opinions on the possibilities of developing business cooperation.
We have discussed and got detailed clarification from Mr.S.Narantsogt, CEO of "Erdenes Mongol" LLC, about the issues discussed at the meeting and the results of the meeting.
-First of all, please tell us about when was the Mongolian-German Economic Committee established and what are its responsibilities.
The representatives of the meeting of the Mongolian-German Economic Committee aim to make a real contribution to the development of mutually beneficial cooperation between the two countries. The Agreement between the Government of Mongolia and the Government of the Federal Republic of Germany on "Cooperation in Minerals, Industry and Technology" was first signed in October 2011.
The Economic Committee has an important role in implementing the agreement, connecting Mongolian and German business owners, opening the doors to joint projects and programs, presenting the policies implemented by the governments of the two countries to business owners, and thus strengthening the relations between the economy and citizens of the two countries.
-What is the level of economic cooperation between the two countries?
Mongolia established diplomatic relations with Germany in 1974. Next year will mark the 50th anniversary of the establishment of diplomatic relations between the two countries.
After the pandemic, trade, and economic cooperation between the two countries have been restored, and by 2022, the trade turnover has reached 208 million US dollars. Out of this, the total export amount reached 26.0 million US dollars and the total import amount reached 182.8 million US dollars. Mongolia mainly exported food and agricultural staples and imported technical equipment, staple food products, and petroleum products from Germany.
Relations and cooperation between the two countries are rapidly developing in the defense, education, culture, environment, and humanitarian sectors.
-What issues were discussed at this 9th Meeting of the Mongolia-German Economic Committee?
More than 80 participants representing 40 entities from the mining, renewable energy, logistics, and education sectors participated in the meeting and exchanged opinions on the development of cooperation. Also, private sector enterprises and organizations showcased their prospective projects, while government ministries presented policy and legislative reforms.
-In which fields of the economy did the Mongolian side express their interest in cooperation with Germany?
Specific proposals for cooperation in the fields of minerals, renewable energy, education, transport, and logistics were made at this meeting. For example, it has been emphasized that the primary focus of our bilateral cooperation should be on facilitating German investment in the exploration, extraction, and processing of critical and rare minerals to foster a sustainable supply from Mongolia.
The two countries believe that it is possible to jointly implement large-scale projects in the mineral and industrial sectors. For example, to process iron ore and produce high-quality steel. In addition, it has discussed the possibility of increasing the investment of German companies for conveyor systems in the stripping and extraction of open-pit mines. They expressed their interest in mutually beneficial cooperation by establishing a clear direction for partnership in collaborative research, exploration, extraction, and processing of specific rare metals and rare earth elements.
-What are the solutions for renewable energy cooperation between the two countries?
Considering the persistent challenges faced by the wind power plant project over the years, it is deemed essential to present the following proposals to the intergovernmental working group as a top priority in this sector.
There is a need for cooperation between the parties in the implementation of the wind farm contract.
In addition, we noted in the conclusion of the meeting that exploring alternative solutions and technological advancements to make further opportunities through government grants and support for generating non-fluctuating electricity at the wind plants, which have been commissioned by private sector investors from Germany should be considered.
-What solutions do you see at the government level to solve the problem of the high cost of renewable energy production?
It is suggested to issue a governmental decision that promotes the establishment of a systematic framework for collecting renewable energy payments in one dedicated account or fund and use that fund only for the purpose of addressing the challenges associated with renewable energy production.
In addition, in case of building a new renewable energy station in the future, it is advisable to provide the standard technological requirements for the construction of the station in the combined form of solar and wind with an energy storage solution and ensure its implementation.
-What are the possibilities of cooperation with Germany in the field of education?
Within the framework of supporting companies investing in and operating in the mining and renewable energy, it was considered possible to strengthen the infrastructure of teaching and research laboratories in Mongolian universities and foster the advancement of specialized training programs. In particular, both parties agreed to diversify the activities of the German-Mongolian Institute for Resource and Technology in Nalaikh in the field of science and technology.
In this context, relevant institutions from both countries must collaborate to ensure that students from the German-Mongolian Institute for Resource and Technology, as well as those studying specialized professions in Germany, have the opportunity to receive training within German-invested companies operating in Mongolia.
-From the German side, they made an offer that can be implemented in the air transport sector in our country. What was their offer?
Given the vastness of Mongolia, the German side presented that it is possible to develop the general aviation sector, which is low-cost flight services with small helicopters. As it is important for the development of mining and tourism, the parties agreed during the negotiations that the civil aviation authorities of the two countries should work together to come up with specific solutions in a short period of time.
To summarize, the 9th meeting of the Mongolia-German Economic Committee concluded successfully, promoting new ideas and initiatives among the two countries' private sector institutions, addressing the challenges faced by these institutions, and proposing viable solutions.
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Mongolia ranks 74th in UN e-Government Development Index www.akipress.com

Mongolia ranked 74th in the UN e-Government Development Index in 2022, moving up from 92nd (by 18 positions) in two years. Mongolia ranked 92 out of 193 countries in the UN e-government ranking in 2020.
This list is determined by indicators of online service, human capital and communication infrastructure.
The growing role of e-government in promoting participatory and inclusive development is accompanied by the growing demand for transparency and accountability in all regions of the world.
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