1 MONGOLIAN PRESIDENT TO PAY STATE VISIT TO KYRGYZSTAN WWW.QAZINFORM.COM PUBLISHED:2025/07/18      2 MONGOLIA AND SINGAPORE MARK 55 YEARS OF DIPLOMATIC RELATIONS WITH RECEPTION IN SINGAPORE WWW.INDIPLOMACY.COM  PUBLISHED:2025/07/18      3 PRIME MINISTER ORDERS TO ACCELERATE THERMAL POWER PLANT REPAIRS AND RENOVATION WWW.MONTSAME.MN PUBLISHED:2025/07/18      4 DROWNING DEATHS IN MONGOLIA RISE DURING NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/18      5 THIS MONGOLIAN RAILWAY ADVENTURE RIVALS THE TRANS-SIBERIAN WWW.TELEGRAPH.CO.UK PUBLISHED:2025/07/18      6 CHINA FINDS NEW TYPE OF RARE EARTH IN INNER MONGOLIA WWW.CHINADAILY.COM.CN PUBLISHED:2025/07/18      7 SILK WAY INTERNATIONAL RALLY UNDERWAY IN MONGOLIA WWW.GOGO.MN PUBLISHED:2025/07/18      8 MONGOLIA AND SAUDI ARABIA SIGN AIR TRANSPORT AGREEMENT WWW.AKIPRESS.COM PUBLISHED:2025/07/17      9 MINISTER OF FOREIGN AND EUROPEAN AFFAIRS OF CROATIA ARRIVES IN MONGOLIA FOR OFFICIAL VISIT WWW.GOGO.MN PUBLISHED:2025/07/17      10 EVERYTHING TO KNOW ABOUT HIV/AIDS IN MONGOLIA WWW.BORGENPROJECT.ORG  PUBLISHED:2025/07/17      ЖИЛ БҮР 41.6 ТЭРБУМ ТӨГРӨГ ХЭМНЭХИЙН ТУЛД 29 ХОРОО, ЗӨВЛӨЛИЙГ ТАТАН БУУЛГАВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     СУДАЛГАА: МОНГОЛД ГУРВАН ӨРХ ТУТМЫН ХОЁР НЬ ЗЭЭЛЭЭС ЗЭЭЛИЙН ХООРОНД АМЬДАРЧ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     ТАНИЛЦ: УИХ-ЫН 2025 ОНЫ НАМРЫН ЭЭЛЖИТ ЧУУЛГАНААР ХЭЛЭЛЦЭХ ХУУЛИЙН ТӨСЛҮҮД WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/18     "РИО ТИНТО"-ИЙН ГҮЙЦЭТГЭХ ЗАХИРЛААР САЙМОН ТРОТТЫГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     “ТОРГОНЫ ЗАМ" АВТО РАЛЛИ ОЛОН УЛСЫН УРАЛДААН ЭНЭ САРЫН 21-Н ХҮРТЭЛ ҮРГЭЛЖИЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     ТЭЭВЭР, ЛОГИСТИКИЙН ШИНЭ ЧИГЛЭЛИЙГ БИЙ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/18     ХУУЧНЫ АВТОМАШИНЫ ҮЗЭСГЭЛЭНГ СҮХБААТАРЫН ТАЛБАЙД ДЭЛГЭЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/18     Г.ЗАНДАНШАТАР: ЭРЧИМ ХҮЧНИЙ ЗАРДЛАА БУУРУУЛЖ, АШГАА НЭМЭГДҮҮЛСНИЙ ДАРАА ҮНЭ ТАРИФ ЯРИХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ШИГШЭЭ БАГ МАРГААШ КАЗАХСТАНЫ САГСЧИДТАЙ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ КИРГИЗ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/17    

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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Experts from China, Mongolia, Russia talk on construction of economic corridor www.xinhuanet.com

ULAN BATOR, Sept. 18 (Xinhua) -- The fourth China-Mongolia-Russia Think-Tank Forum kicked off here Tuesday to discuss the building of a trilateral economic corridor between the three countries.

During the two-day event, some 120 experts and officials from the three countries are expected to submit their proposals and exchange views on intensifying the establishment of the China-Mongolia-Russia economic corridor and strengthen trilateral cooperation.

"The trilateral economic corridor, an important part of China's Belt and Road Initiative, is related to not only the economy but also various fields such as culture, science, tourism and people-to-people exchanges," Yadmaa Tumurbaatar, director of the National University of Mongolia, said at the opening ceremony of the forum.

Themed on "China-Mongolia-Russia economic corridor: Innovation and Co-Development," the forum will hold three panel discussions focusing on cooperation in energy, transportation, education, culture, science, technology and socio-economic issues.

The China-Mongolia-Russia Think Tank Forum was jointly established by relevant agencies and associations from the three countries in 2015.

The first forum was held in Mongolia's capital in 2015, with the second taking place in Inner Mongolia, China in 2016, and the third in Buryatia, a republic of Russia in 2017.

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PM U.Khurelsukh paying an official visit to the United States www.montsame.mn

Ulaanbaatar /MONTSAME/ From today, Prime Minister of Mongolia U.Khurelsukh is paying an official visit to the United States of America at the invitation of the White House.

Within the visit, PM U.Khurelsukh is to hold meeting with top officials of the United States to exchange views on current state of Mongolia-U.S. relations and cooperation. Moreover, the PM will sign a declaration of the Second Compact Agreement with the U.S. Millennium Challenge Corporation. During the visit, the sides will issue a joint statement on Comprehensive and Extended Partnership, agreeing road map of expanding bilateral economic cooperation.

The PM also plans to meet representatives of Mongolians in Washington, D.C who are living in the USA, and address at the general debate of the 73rd Session of the UN General Assembly. During his attendance in the 73rd Session of UNGA, PM U.Khurelsukh will hold talks with Antonio Guterres, UN Secretary-General, Achim Steiner, Administrator of the UN Development Programme and other high-level officials.

Furthermore, he will give remarks at annual meeting of the Socialist International Organization to be held in New York between political and economic leaders.

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Elon Musk unveils first tourist for SpaceX 'Moon loop' www.bbc.com

Elon Musk's company SpaceX has unveiled the first private passenger it plans to fly around the Moon.

Japanese billionaire, entrepreneur and online fashion tycoon Yusaku Maezawa, 42, announced: "I choose to go to the Moon".

He is expected to lift-off on the Big Falcon Rocket (BFR), a launch system unveiled by Mr Musk in 2016.

The mission will mark the first visit to the Moon by humans since Nasa's Apollo 17 landing in 1972.

The announcement was made at SpaceX's headquarters in Hawthorne, California, on Tuesday.

The company said the flight represented "an important step toward enabling access for everyday people who dream of travelling to space".

Earlier on Twitter, Mr Musk had already hinted that the passenger would be from Japan.

Only 24 humans have visited the Moon - all of them Americans. Three of the Apollo missions - 8, 9 and 13 - orbited without landing, as this one will.

However, the timeline for this launch remains unclear, and it relies on a rocket that hasn't been built yet.

In 2017, Mr Musk announced that he would be sending two paying passengers on a loop around the Moon - which was to have launched as early as this year.

At the time, SpaceX was to have used its heavy-lift Falcon Heavy rocket and the crewed version of the existing Dragon spacecraft.

But in February this year, Mr Musk said SpaceX would concentrate on the BFR for future crewed missions.

The BFR has never flown, but Mr Musk has released some technical details about it. The rocket is expected to stand 106m high and have a diameter of 9m.

By comparison, the Falcon Heavy is 70m tall and consists of a central rocket core surrounded by two boosters, each with a diameter of 3.66m.

On Monday, Mr Musk unveiled new artist impressions of the BFR and the spaceship which will carry passengers around the Moon.

It appeared to confirm some design changes to the spaceship, including three large fins near the back and a black heat-shield on the craft's underside.

Eventually, the BFR should be able to lift a whopping 150 tonnes into low-Earth orbit - that is more than the US Saturn V rockets that lofted the Apollo spacecraft.

The SpaceX founder has attracted some uncomfortable headlines of late - he recently smoked marijuana during a webcast with a US comedian.

Shares in Tesla have had a turbulent time after the entrepreneur said in a tweet last month that he wanted to take the carmaker private. He abandoned the idea about two weeks later.

Earlier on Monday it emerged that Mr Musk was being sued for defamation over his repeated claims that a British cave diver was a child abuser.

The lawsuit brought by Vernon Unsworth, who helped with the rescue of 12 Thai teenagers from a flooded cave in July, seeks $75,000 (£57,000) in compensation and an injunction against Mr Musk to stop further allegations.

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Chinese delegation informs Mongolians on Tibet's development www.xinhuanet.com

ULAN BATOR, Sept. 17 (Xinhua) -- A visiting Tibetan cultural exchange delegation dispatched by China's State Council Information Office has reported on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.

It has informed Mongolian officials, representatives of the Tibetan Buddhist community and the press on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.

"With vast territory, China is a united multi-ethnic state. Tibetan culture with unique plateau characteristics is an inseparable and important part of Chinese culture," said Hao Shiyuan, head of the delegation and member of the Chinese Academy of Social Sciences, at the discussion with representatives from various fields of Mongolia at the Chinese Embassy here on Monday.

In the process of economic and social development, it is an important task for China to protect Tibetan culture and the cultures of other ethnic minorities, Hao said.

China and Mongolia have enjoyed a long history of religious and cultural exchanges. The cooperation and exchanges between the two sides have great potential, he added.

Yang Qingdong, charge d'affaires ad interim of the Chinese embassy, said in his speech that China-Mongolia relations have entered the fast track this year.

"The visit of the Chinese Tibetan cultural exchange delegation to Mongolia is a concrete measure for China to implement the consensus of the leaders of the two countries and to promote people-to-people exchanges between the two sides," he said.

He expressed the hope that such exchanges will help Mongolian academia, media and ordinary people better understand China and enhance the friendship between the two peoples.

Mongolia is the second stop of the delegation's overseas exchange trip. The delegation has already visited Japan, and will leave Mongolia on Tuesday for South Korea. Enditem

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China reports new African swine fever outbreak in Inner Mongolia www.reuters.com

BEIJING (Reuters) - A new outbreak of African swine fever occurred on a farm in northern China’s Inner Mongolia, the agriculture ministry said on Monday, the second in the region, as the highly contagious disease continues to spread rapidly across the world’s top producer of pigs.

Eight hogs were dead and 14 were infected on the farm of 159 animals, the Ministry of Agriculture and Rural Affairs said on its website.

The outbreak is China’s 16th since early August, and comes despite a series of tough new rules announced by Beijing last week to tackle the spread.

China has now banned the transport of live hogs and pig products from regions bordering provinces that have reported swine fever outbreaks, as well as those that have had cases.

It has also banned the use of feed derived from pig blood, and banned the use of feeding kitchen waste in 16 provinces.

The new outbreak also comes just weeks ahead of a national holiday, causing concern in Beijing about pork supplies.

Still, there are also signs that consumers may be avoiding pork, even though African swine fever cannot infect people. Poultry prices have risen in recent weeks, in part because of the disease, industry officials said.

In an article on Monday, the state-backed People’s Daily reminded consumers that people could not catch the disease, and urged them not to believe rumors.

“Pork bought through standard channels must all go through inspection, the public does not need to worry,” it added.

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More Mongolians visiting South Korea for medical services www.news.mn

With more than 9,000 Mongolians having visited Seoul as “medical tourists” last year, the South Korean capital city is offering a promotional tour for a group of Mongolians to show what the city has to offer in the way of tourism and health care.

According to Seoul CityAdministration, of all the tourists who visited the South Korean capital to receive medical care in 2017, Mongolians accounted for the fifth-highest number with 9,600. With those figures in mind, the city is hosting a tour for major buyers and media representatives from Mongolia, which runs from Monday to Thursday.

According to a Korea Tourism Organisation report compiled in 2015 to assess medical tourists’ level of satisfaction with the services they received, Mongolian visitors stayed in Korea for an average of 35.6 days — far surpassing the average stay of 17.7 days for medical tourists of all nationalities.

The 2015 report found that the Mongolian visitors spent about 10.1 days sightseeing. For that reason, the Seoul City tour will include popular tourist destinations, or “wellness tour assets,” as well as health care institutions.

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China Railway to build infrastructure for Russia’s Far East www.rt.com

Chinese state-run corporation China Railway says Russia’s Far Eastern Federal District is currently one of the priority markets for expanding the company’s core operations as part of the Belt and Road Initiative.
The region requires a developing net of railroads and motorways, as well as new bridges and other transport infrastructure, according to the company’s CEO Zhang Zongyan, who says that China is ready to participate in the projects to give a boost to its global shipping routes strategy.

“China Railway is looking at the Far East as one of most important destination markets for extending its principal activity,” he told Xinhua news agency, according to TASS.

“Chinese enterprises are ready to deploy their own advanced technology, equipment, and engineering to take part in the construction of infrastructure in the Far East,” the CEO said. “This will contribute to the implementation of the Belt and Road Initiate and the development of cooperation between northeastern China and Russia’s Far East.”

According to the Zhang Zongyan, China Railway negotiated the issue with the Russian Ministry of Transport and the Ministry for the Development of the Far East on the sidelines of the fourth Eastern Economic Forum in Vladivostok.
China Railway is reportedly planning to participate in the reconstruction of the region’s international transport corridors Primorye-1 and Primorye-2, which connect the Chinese provinces of Heilongjiang and Jilin with the Far Eastern region of Primorye.

China Railway Group, founded in 1950, is in charge of railway passenger and cargo transportation services in China. The Beijing-based corporation has reportedly built 90,000km of roads so far with over 10,000km of these comprising a high-speed network.

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Most profitable mining companies in 2017 www.mining.com

It is hardly a surprise that existing and future shareholders in the mining industry are predominantly concerned about returns on their investments. Regardless of whether investors are seeking a capital appreciation of their stock portfolio or plan to grow their money through dividend payments, or a combination of both, they typically make money when a company does.

Mining companies that provide a competitive and sustainable rate of return to their shareholders are highly sought-after targets for investors.

Mining Intelligence profit margin miners ranked
A company’s financial indicators, such as revenue and expenses, cannot always tell a reliable and comprehensive story about its financial performance. For instance, growing revenue, at a first glance, is usually considered to be a positive sign of a company’s financial health, but expenditures that outpace improving revenues can smudge the overall performance picture and will surely disappoint shareholders.

When it comes to the evaluation of a company’s financial health, net profit margin is one of the most important and powerful—yet simple—indicators to be taken into an arsenal of any group of investors in the mining and metals industry.

Net profit margin is equal to net income (or profit) divided by total revenue and represents how much profit each dollar of revenue generates.

Intuitively, net profit margin can be interpreted as an indicator of whether a company’s profitability is secure or not. Indeed, let’s consider a case where a company reported a USD$100 billion dollar in revenue but just a 3% net profit margin. While on paper this looks like the company is doing well, the low net profit margin means that this company is in a very vulnerable position; even an insignificant downward move in commodity prices, slightly lower ore grades, unfavourable exchange rates, or minor operational disruptions could push the previous year’s net profits into a net loss the following year. A high net profit margin provides a company with a solid buffer against even major negative events.

The following is the list of active mining companies compiled from data at Mining Intelligence that ranks by miners' net profit margins yielded in 2017 and measured in percentages. Companies that generate a majority of their revenues outside of mining/mineral processing operations have been excluded from this ranking. The research focus was on net income earned from ongoing operating activities and not from one-time sources of “accounting” income such as debt restructuring and impairment reversals. The threshold net income level for companies considered for this analysis was set at USD$400 million.

Top 10 mining companies ranked by net profit margins in 2017 (%)
Rank Company Sector Net Profit, 2017, USD million 2017 Net Profit Margin % 2016 Net Profit Margin %
1 Polyus Precious Metals 1,241 46 58
2 Uralkali Potash 875 32 63
3 Fresnillo Precious Metals 561 27 22
4 KAZ Minerals Base Metals 447 27 23
5 Fortescue Iron Ore 2,004 25 14
6 Lundin Base Metals 502 24 8
7 Norilsk Nickel Diversified 2,129 23 31
8 Rio Tinto Diversified 8,762 22 14
9 Teck Resources Diversified 1,859 21 11
10 Goldcorp Precious Metals 658 19 5
Data from Mining Intelligence

As can be seen, the top companies generating the highest net profit margins are from across the mining spectrum; from major gold producers such as Polyus and Goldcorp to potash behemoth Uralkali, and big diversified companies such as Rio Tinto and Teck Resources.

Common themes that contributed towards high net profit margins for these companies were expansions of mining operations, improved commodity market conditions, higher ore grades and higher metal recoveries, as well as successful implementation of portfolio optimization and cost reduction strategies.

Major contributors to decreased margins were losses on unfavourable currency exchange rates; production disruptions due to environmental, geopolitical and technical risks and challenges; lower ore grades; and negative price dynamics for a number of commodities.

What all the high net profit margin companies have in common is a decent margin of safety. This will help them weather even a significant storm on the mining markets and deliver competitive and secure shareholder returns in situations where other companies will struggle to survive.

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Ministry of Energy plans to take control of power plants following Saturday blackout www.zgm.mn

Minister of Energy Davaasuren Tserenpil held a press conference on the citywide blackout affected Ulaanbaatar last Saturday. Due to the accident, two generators were damaged and the case is currently under investigation. Thermal Power Plant IV was also damaged by an accident last Spring. The Minister informed that an official letter has been sent to the Government Agency for Policy Coordination on State Property (PCSP) to demand accountability from the Administering Engineer responsible for the incident; however, PCSP did not give any response and a major accident occurred last Saturday. Therefore, Mr. Davaasuren noted the significance of taking power stations under the Ministry’s control to entail accountability and provide independent energy. He added, “Due to potential voltage fluctuations, I demanded to limit solar and wind energy, as well as Baganuur power station to generate 150MW power. Solar and wind powers are highly inefficient as the electrical voltage will fall due to natural circumstances. If Baganuur plant installs 350MW power generator, a malfunction similar to last Saturday will also affect the entire power system. Therefore, we must intensify the implementation of a hydropower plant.

We would have overcome the last incident with a single click of a button if we had a hydropower plant. Instead, we had to heat the generator for four hours to restart the system. We are barely managing consumption thanks to Russian reserve line.” The minister further blamed the PCSP for appointing unqualified staff to administrative positions and for the lack of accountability. He also highlighted that the aging equipment problem at power stations and necessity to expand Amgalan Thermal Power Plant, as well as to hold correct policies on renewable energy. “If the same thing were to happen during the cold season, the entire city will freeze. Thus, we have to settle this issue immediately,” warned Mr. Davaasuren. Additionally, the incident coincided with the Russian experts’ visit and caused the upgrading of four generators at Thermal Power Plant-IV to be postponed to deal with winter load. Minister of Energy then briefed about his plans to reform the energy sector. Due to the above-mentioned reasons, he plans to limit renewable energy to be not more than 300MW and force Baganuur station to have dual 150MW generators, instead of 350MW. Furthermore, the Minister plans to intensify the establishment 90MW hydropower plant in Erdeneburen in cooperation with China.

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Irresponsibility at workplace results in citywide blackout www.zgm.mn

The entire city of Ulaanbaatar experienced a major blackout last Saturday morning. Some areas were affected by power outage for over 13 hours followed by a significant aftermath, including a malfunction in the wastewater plant pump, resulting in wastewater overflowing onto electrical system. Minister of Energy Davaasuren Tserenpil explained, “Thermal Power Plant (TPP) IV went into a full shutdown at 9:54 AM, causing malfunctions at other plants. There were no accidents or damage. The investigating is currently being conducted to locate the source of the outage. I was informed in advance that it was due to negligence in the work and irresponsibility of technical administrators.”

The accident report is expected to be released on Wednesday. Mr.Davaasuren highlighted that the ministry only provides expertise and methodology to power stations; hence, incapable of demanding liability. The Government Agency for Policy Coordination on State Property is responsible for the appointment of TPP IV. Sources claim that repeated violations have been reported due to the dual control at the plant. Even though power has been restored to all of the areas, the Minister forewarned, “The same situation will arise in times of serious disaster. Therefore, we have to keep in mind that our energy system is not independent.” The frailty of the electrical infrastructure system unveiled the vulnerability of the wastewater plant. Due to the blackout, all the pumps shut down, flooding the plant with wastewater. A spokesperson of the Ministry of Energy informed that the power shortage also interrupts the manufacturing of consumer food, as well as deep wells, causing a risk of clean water supply disruption. The damage report of the blackout is expected soon.

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