Hakuho Elected to Lead International and Asian Sumo Federations www.montsame.mn

The International Sumo Federation held its regular congress during the World Sumo Championships for amateurs in Baku, the capital of Azerbaijan, electing Hakuho Davaajargal Munkhbat, the 69th grand champion (yokozuna) of professional sumo, as its President.

He will also serve as President of the Asian Sumo Federation.

“I am extremely happy to have been entrusted with this responsibility. I will continue the work of former President Akio Toyoda and strive to promote and develop sumo around the world. I will dedicate myself fully to this mission,” Hakuho said.

He added that he had met with presidents of national Olympic committees from several countries during the Asian Games in Nagoya, Japan. He also said he would work with Senegal’s National Olympic Committee to introduce and promote sumo in African countries.

“We believe we have moved one step closer to including sumo in the program of the 2030 Asian Games in Qatar,” he said.

Just days ago, sumo was featured as a demonstration sport at the 20th Asian Games in Aichi Prefecture, Japan. Hakuho introduced and promoted the sport to athletes, officials, and other visitors attending the Games. He also reiterated his ambition to have sumo included in the Olympic Games program.

Construction of 22 MW thermal power plant begins in Mongolia’s Arkhangai province www.asianews.network

Construction has begun on a 22 MW thermal power plant in Tsetserleg, the capital of Arkhangai province. The project is being implemented through a public-private partnership, with the plant scheduled to become operational in 2028.

Under the project, the state will invest approximately MNT 80 billion in infrastructure, including distribution networks, while the private sector will contribute around MNT 150 billion toward construction of the plant. The total project cost is estimated at MNT 230 billion.

Once operational, the plant is expected to generate an average of 138.6 million kWh of electricity and 67,130 Gcal of heat annually. It will help ensure a reliable supply of electricity and heating for households, schools, kindergartens, hospitals, and other institutions. The project is also expected to create 90 permanent jobs for engineers and technical personnel.

A more reliable energy supply in Tsetserleg is essential to supporting housing development, expanding industrial and service sectors, and stimulating local economic growth.

The project is being jointly implemented by APP Energy LLC, Energy Development LLC, and other investors.

Roundup: Public outcry grows in Mongolia over Japanese-linked reserve wildfire www.xinhuanet.com

Days after open flames of a major grassland fire were put out, public criticism is mounting in Mongolia over the blaze at a protected nature reserve in the country, with national authorities vowing to hold relevant parties accountable and claim compensation for state losses.

Earlier this month, a group of executives from Mobicom, a Mongolian telecommunications company with Japanese investment, entered the Numrug Strictly Protected Area in Dornod Province for wild hunting before a vehicle in their convoy caught fire and sparked a wildfire, local media reported. The driver was identified as a Japanese national.

According to Eguur News, a Mongolian digital news outlet, the group was intended to catch Hucho taimen, a critically endangered species listed in the Mongolian red list of fishes.

The fire broke out in the core zone of the country's Numrug Strictly Protected Area, with the first alarm raised at 11:55 a.m. local time (0355 GMT) on Oct. 8. Though open flames were extinguished on Friday, dry weather and strong winds still raise risks of reignition.

Mobicom said its team was conducting telecommunications work in the area when one of its vehicles caught fire, sparking the grassland blaze.

The incident has drawn wide public anger in Mongolia, as questions swirl over whether the convoy obtained proper access permits to enter the ecologically sensitive reserve during the high-risk fire-prone period.

Temuulen Ganzorig, the country's minister of justice and internal affairs, said the related personnel, as well as people from relevant border-port administrations involved, will be held responsible and ordered to compensate for losses.

The case has now been handed over to the police authorities for investigation, and conclusions are yet to be released.

Mongolia's criminal law prohibits unauthorized hunting or capturing animals in specially protected areas. Causing a forest or steppe fire can result in criminal penalties, depending on whether the fire was started intentionally or through negligence and the extent of the damage.

Whether any of these provisions apply to the individuals involved will depend on the findings of the investigation.

The Numrug Strictly Protected Area hosts rare wildlife including reindeer, bears and wild boars. An evaluation of wildlife casualties caused by the fire is pending.

Since Oct. 8, Mongolia has mobilized forces from three provinces. A total of 606 personnel operating 100 sets of equipment formed 60 firefighting groups to contain the blaze.

As the fire spread toward the China-Mongolia border, Chinese authorities deployed more than 3,400 firefighters and other emergency crew along the border.

Erdeneburen HPP Construction Reaches 40% Completion www.montsame.mn

Prime Minister Uchral Nyam-Osor visited the construction site of the Erdeneburen Hydropower Plant (HPP) on the Khovd River in Erdeneburen soum, Khovd aimag, on October 18 to review the progress of the project.

The Prime Minister emphasized that the project will play a vital role in efficiently integrating other renewable energy sources into the power grid and strengthening electricity supply in the western region. He stressed the need for all stakeholders to work intensively together to ensure the plant is commissioned on schedule. He also instructed the relevant parties to improve coordination, promptly resolve outstanding issues and ensure tangible progress in project implementation.

Prime Minister Uchral highlighted that the energy sector is a fundamental pillar of the country’s economic independence and national security, describing the Erdeneburen Hydropower Plant as a project of strategic and historic significance. He also noted that, during an official visit to Russia by Minister of Energy Naidalaa Badrakh, an agreement had been reached on securing up to 55 MW of electricity for the western regional power system.

The project is expected to increase domestic electricity generation, reduce dependence on imports and strengthen Mongolia’s energy independence.

According to the Ministry of Energy, the project has a total cost of USD 266.4 million and is being financed through a concessional loan from the Government of China. The plant will have an installed capacity of 90 MW and is scheduled to begin operations in 2030. It will comprise four generating units, each with a capacity of 22.5 MW.

Construction began in March this year, and overall progress has reached 40 percent. A total of 225 employees of the contractor and 250 local residents are working at the project site. Preparatory infrastructure has been completed, including 49.8 kilometers of access roads, two bridges over the Khovd River, a workers’ camp, a concrete batching plant, a gravel processing plant, a laboratory, warehouses and a repair workshop.

Electricity consumption in the western region is projected to reach 352.6 million kWh this year, of which 294.9 million kWh is being imported from Russia and China. Once operational, the Erdeneburen Hydropower Plant is expected to generate an average of 366.8 million kWh of electricity annually. This will increase domestic renewable energy generation, reduce reliance on imports and strengthen regional energy security.

The project is also expected to create 800–1,000 temporary jobs during construction and 60–80 permanent jobs once the plant becomes operational. In addition, the reservoir is expected to create opportunities for developing tourism and irrigated agriculture.

Approximately 30,000 hectares of land have been designated for special state use for the project. The reservoir area will cover parts of Bayannuur soum in Bayan-Ulgii aimag, Umnugobi soum in Uvs aimag, and Erdeneburen and Myangad soums in Khovd aimag.

The Erdeneburen Hydropower Plant is a strategically important infrastructure project that will improve the reliability of electricity supply in western Mongolia, reduce dependence on imported power and expand the country’s renewable energy generation capacity.

Mongolia, India to Cooperate on Cybersecurity www.montsame.mn

 Mongolia and India held the 14th Joint Working Group meeting in Ulaanbaatar on October 16, 2026.

During the meeting, the two sides exchanged information on their regional security policies and defense activities, reviewed the current state of bilateral cooperation, identified future areas of cooperation, and reached agreements on several issues.

The sides agreed to explore opportunities to expand military cooperation, particularly in military medicine, and collaborate on strengthening cybersecurity capabilities and enhancing defense preparedness in Mongolia’s defense sector.

Both sides agreed that the consultations had helped strengthen military trust and mutual understanding, enhance the effectiveness of bilateral cooperation, and achieve concrete outcomes.

Unified Meal Production System Planned for Schools and Kindergartens www.montsame.mn

 Enkh-Amgalan Luvsantseren, Minister of Education, met with Jo Haeng-Lan, KOICA Country Director for Mongolia, to discuss the implementation of a school meal production project.

The meeting covered progress on a project funded by a USD 8 million grant from the Korea International Cooperation Agency (KOICA) to renovate 10 general education schools and provide equipment for the National Center for Child Food Production and Nutrition Training at the Mongolian University of Science and Technology (MUST), as well as prospects for further cooperation.

Mongolia aims to establish a comprehensive meal production system for schools and kindergartens. Minister Enkh-Amgalan emphasized the need for three different models tailored to the specific conditions of soums, aimags, districts, and the capital city. He also highlighted the support center at MUST as an important and effective initiative, proposing that professional experts be engaged through the center in the future.

Mongolia has joined the global “School Meals Coalition” and reaffirmed its commitment to international cooperation to improve students’ meals and nutrition at a recent UNESCO meeting.

Under the KOICA-funded project, renovation work was completed at three schools and the MUST training center in 2025, while work at four schools is ongoing in 2026.

During the meeting, the sides reviewed the project’s progress in detail and agreed to resolve outstanding coordination issues, accelerate implementation, and ensure the project delivers results effectively and on schedule.

Production Gains Change The Bull Case For Mongolian Mining Stock (SEHK:975)? www.simplywall.st

Mongolian Mining Corporation reported unaudited operational figures for the quarter ended 30 September 2026. The company mined 4,791.2 kt of ROM coal, processed 4,253.2 kt of ROM coking coal, and produced 2,503.1 kt of washed coking coal, compared with the same quarter in 2025.
The production mix shows Mongolian Mining converting a large share of mined ROM coal into washed coking coal. This highlights how processing capacity and asset utilisation are shaping the underlying economics of the business.
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What Is Mongolian Mining's Investment Narrative?
The crux of the Mongolian Mining story is simple. You either buy into a volume driven coking coal producer that can run its mines and wash plants hard, or you do not. The latest quarter fits that picture. Run of mine volumes, processing and washed output all sit above the same period in 2025, which keeps the near term focus on whether that throughput converts into cash, keeps unit costs in check and justifies the capital tied up in equipment, logistics and supporting infrastructure.

In the short term, the key levers remain fairly clear for Mongolian Mining: consistent plant utilisation, pricing for coking coal into China, and access to funding that is largely from higher risk borrowing rather than deposits. Earnings have grown 25.1% per year over the past 5 years and the stock trades on a P/E of 8.8x, yet the share price is down sharply over the past year. That suggests the market is already weighing additional risks or uncertainties.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Mongolia becomes new donor to World Bank's fund for poorest countries www.reuters.com

The World Bank Group said on Saturday (Oct 17) that Mongolia has become a new donor to the International Development Association fund for the poorest countries, after previously spending nearly three decades as a recipient of IDA funding.

The development lender said that Mongolia's parliament approved a 4.8 billion tugrik (S$1.71 million) contribution to the latest IDA funding round, marking a milestone in the country's development journey.

Since becoming a World Bank member country in 1991, Mongolia has received more than US$1.62 billion (S$2.08 billion) in development financing, including IDA support for transport, rural development, health and education. Mongolia graduated from IDA support in July 2020, becoming a client of the World Bank's main lending arm for middle-income countries, the International Bank for Reconstruction and Development.

"Mongolia's contribution to IDA21 marks an important milestone in our longstanding partnership with the World Bank and reflects our commitment to international solidarity," Mongolian Finance Minister Mendsaikhan Zagdjav said in a statement released by the World Bank.

"Having benefited firsthand from IDA's support, we recognise the vital role of concessional financing in helping countries reduce poverty, build resilience, and expand opportunities. As we continue to advance Mongolia's own development priorities, we are proud to support other countries in pursuing theirs."

Inside Mongolia’s First Solar-Powered Industrial Plant www.montsame.mn

Prime Minister of Mongolia Uchral Nyam-Osor visited the "Khovd Eco Cement" plant during his working trip to Khovd aimag.

The plant, which was put into operation in 2022, employs more than 350 people. In addition, by purchasing necessary goods and services from local herders, farmers, and SMEs, it has indirectly created 3,000 jobs.

Furthermore, it produces 400,000 tonnes of cement annually, meeting the needs of the five western aimags and supplying its products to Bayankhongor, Uvurkhangai, and Ulaanbaatar. Starting this year, the plant began exporting cement to the Russian Federation. Plant representatives briefed the Prime Minister on their plan to export 100,000 tonnes annually and requested support in exporting cement to the Eurasian market.

"Khovd Eco Cement" has become Mongolia's first plant powered by renewable energy. It has established an 8 MW solar power station and installed solar panels with the goal of meeting 50–60 percent of its annual energy consumption through renewable energy.

This provides the advantage of reducing the energy load in the western region. The plant will also soon be equipped with a battery energy storage system. As a result, the plant's energy costs will decrease, and building material production will expand. Plant management noted that relevant government agencies need to resolve the issue of integrating their surplus energy into the central grid.

The Prime Minister expressed his full support for wealth creators and directed relevant officials to promptly resolve the challenges facing the plant in accordance with regulations.

Amendments Made to the Law on Tobacco Control After 13 Years www.montsame.mn

The draft law on amending the Law on Tobacco Control was approved on October 16, 2026.

Law initiator and Member of Parliament  Nominchimeg Odsuren stated: "This law was a prime example of how laws can be discussed from multiple perspectives with fierce debate in the democratic parliament of Mongolia, which has 126 members. The State Great Khural makes decisions as a team. With this decision, I am glad that we made progress on the Law on Tobacco Control, which could not be updated for 13 years, and took a step forward to protect the health of our future generations. I express my gratitude to the Members of Parliament who united in vision, stood together, worked as a team, and participated in today's final voting. The law will enter into force on January 1, 2027. We will focus on its implementation to ensure that this law yields results, is effectively implemented, and fulfills our goal of reducing smoking by 13% in 2030–2031."

Meanwhile, Member of Parliament Ariunzaya Ayush noted: "Since cigarettes and electronic cigarettes (vapes) are equally harmful, they will be taxed equally and subject to the same regulations. Furthermore, fruit flavors, mint, and aromas are prohibited for both. Starting January 1, 2027, any flavored, aromatic, visually appealing, or fruit-flavored tobacco product will be prohibited for use in Mongolia. However, I want to emphasize that snuff, or traditional tobacco, is not affected in any way, and there are no restrictions or barriers against it."

This law is of great importance in reducing tobacco consumption, protecting public health, preventing diseases and deaths caused by tobacco use, and creating a healthy and safe environment.

The law includes the following key amendments:

Improving the regulation of electronic cigarettes, heated tobacco products, and new nicotine-containing products;
Imposing restrictions on flavors, aromas, and other features that encourage tobacco use among youth;
Gradually increasing excise taxes on all types of tobacco products;
Strengthening oversight and accountability;
Incorporating provisions aimed at increasing the accessibility of healthcare services for quitting tobacco addiction and intensifying preventive activities.

The Ministry of Health will focus on ensuring the implementation of the law, strengthening cross-sectoral cooperation, improving citizens' health education, and expanding information, training, and awareness campaigns for tobacco prevention.