1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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Novermber 01, 2017 trading report www.mse.mn

On November 01, 2017, 114,827 shares of 58 firms listed as Tier I, II, and III were traded. 24 firms’ shares increased in price, 13 decreased and 21 remained unchanged. Dornod Khudaldaa JSC /DES/ was the top performer, increasing 15.00 percent, whereas Bayan-Aldar JSC /VIK/ was the worst performer, decreasing 8.33 percent.

On the secondary market for government bonds, 9,900 bonds with a value of MNT978.1 million were traded.

The MSE ALL Index increased by 1.01 percent to stand at 1,145.15 points. The MSE market cap stands at MNT 2,209,423,625,837

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Rio Tinto throws its weight behind Africa as mining central www.mining.com

LONDON, Nov 1 (Reuters) – Africa, as the largest untapped source of growth in the mining sector, is pivotal in helping Rio Tinto and other resources companies to supply the changing needs of the huge Asian market, a senior company official said on Wednesday.

The comments, delivered at a Bloomberg forum as part of LME Week, is a vote of confidence in Africa, which has suffered from investor caution over political risk and corruption scandals.

"From a mining perspective, Africa is the largest untapped source of growth for our industry," Bold Baatar, Rio Tinto's chief executive of energy and minerals, said, according to a copy of his speech.

"This provides us with a huge opportunity. It provides us with the opportunity, in partnership with the east, to be part of the once-in-a-lifetime transformation story of Africa."

Rio Tinto has strong relationships with China and other Asian customers that buy approximately 70 percent of its products.

China's development required bulk commodities, such as iron ore, but its needs are evolving as it focuses on implementing environmental standards and seeks to lead a shift to electric transport.

The world's biggest miner BHP has emphasised copper as its commodity of the future.

Rio Tinto, the second biggest major, has a massive copper project in Mongolia, but is also looking at less traditional commodities through its unit Rio Tinto Ventures.

They include the rare earth mineral monazite, used in heavy magnets for electric vehicles, which is produced from Rio Tinto's mineral sands project in Madagascar.

Elsewhere in Africa, Rio Tinto in Guinea mines bauxite, used to produce aluminium, which can make vehicles lighter and more energy efficient.

Rio Tinto is selling its stake in Guinea's giant Simandou iron ore project to Chinalco, China's biggest state-run aluminium producer, although the deal announced more than a year ago has yet to be finalised.

Rio's relationship with Africa has had its challenges.

It suspended one senior executive and accepted the resignation of a second after discovering $10.5 million in unexplained payments to a consultant in Guinea.

It also faces fraud allegations over coal assets it once owned in Mozambique.

Investors have this year been particularly wary of Africa after Tanzania banned unprocessed mineral exports as part of a plan to reap greater rewards from international miners, and South Africa proposed a new mining code that the industry has challenged.

(Reporting by Barbara Lewis; Editing by Mark Potter).

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Abe re-elected as prime minister of Japan www.asia.nikkei.com

TOKYO -- Shinzo Abe was re-elected as prime minister of Japan at a special parliamentary session on Wednesday, following last month's snap election for the House of Representatives.

He reappointed all of his ministers, who were selected in a reshuffle in August. The reappointments are a bid to pursue continuity of key economic and diplomatic policies. The last time Japan's prime minister reappointed his entire cabinet was in 2005, when Junichiro Koizumi was in power.

Among those reappointed are Taro Aso, deputy prime minister and finance minister; Taro Kono, foreign minister; Itsunori Onodera, defense minister; and Yoshihide Suga, chief cabinet secretary.

Of the 20 ministers, two are women -- Seiko Noda, minister of internal affairs and communication, and Yoko Kamikawa, minister of justice.

Abe is expected to hold a news conference on Wednesday evening to explain how his new government will operate.

Abe's Liberal Democratic Party and its junior coalition partner Komeito won a resounding victory in the Oct. 22 poll. Having dissolved the all-important lower chamber of parliament to trigger the election, Abe took the victory as a vote of confidence in his government.

Wednesday's special parliamentary session also re-elected LDP member Tadamori Oshima as speaker of the lower house and Hirotaka Akamatsu, a member of the Constitutional Democratic Party, as vice speaker.

As newly elected prime minister, Abe will hold talks with Komeito leader Natsuo Yamaguchi to confirm that the two parties will continue to govern in coalition. A new cabinet will be formed soon after the talks.

(Nikkei)

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Alibaba's Jack Ma to star in short kung fu film www.chinadaily.com.cn

Chinese e-commerce tycoon Jack Ma has confirmed he is to make his debut next month in a kung fu film alongside action stars such as Jet Li and Donnie Yen.

Titled Gong Shou Dao, which means the art of guard and defense, the 20-minute movie, which will not be seen in cinemas, is set to be released on November 11.

"That night ... that dream," Ma wrote in a post attached the movie's poster on China's microblogging platform Weibo on Saturday, without giving any details of the plot.

Jet Li, the movie's executive producer, told Sina, one of China's leading Internet-based media groups, "We all have the same dream to use the movie to promote traditional Chinese culture and pay a tribute to the predecessors in the field of Chinese kung fu."

Other big names among the film's crew include action stars Jet Li, Donnie Yen, Wu Jing and Sammo Hung Kam-bo, boxing star Zou Shiming, Thai actor Tony Jaa and retired Mongolian sumo champion Asashoryu Akinori.

Ma, the executive chairman of the Alibaba Group, has long expressed interest in traditional Chinese culture, especially kung fu, and has practiced tai chi for many years.

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Alibaba Leads $335 Million Funding for Chinese Car Trading Site www.bloomberg.com

SouChe.com, a Chinese car trading site, raised $335 million in a funding round led by Alibaba Group Holding Ltd. as it expands in auto-financing and prepares for a potential U.S. IPO.

Alibaba will become the biggest backer of the site and integrate parts of the business with its own e-commerce services. Warburg Pincus, Primavera Capital and CMB International also took part. The new funding round valued the company at between $1 billion and $2 billion, according to SouChe founder Yao Junhong.

SouChe sells used cars from dealers across the country, with interest in second-hand vehicles increasing as the Chinese economy begins to slow. The company also provides financing for customers to buy new vehicles for a year, which they can then purchase outright, trade in for a new model or hand back.The company may consider an initial public offering and could do so at a higher valuation than Qudian Inc., Yao said The online provider of credit products sold stock at a valuation of more than $6 billion last month.

“We are considering a U.S. IPO for next year, potentially towards the end of the year," Yao said. “But our finances are strong so we may not have to do it.”

The latest round follows an earlier funding that included Alibaba affiliate Ant Financial, which is working with SouChe to finance products and services through a product called TanGeChe. Over 50,000 cars have been sold through financing, with data from Alibaba and customers used to reduce the risk of bad debt - Yao said its default rate stood at less than 1 percent. These are then turned into asset-backed securities to raise money from the banks to purchase more cars.

The company is expecting to hit 150 billion yuan ($22.6 billion) in 2017 gross merchandise volume, which refers to the total value of cars sold on its platform.

SouChe has raised $615 million in the past year. But rivals in the sector include Renrenche.Com, which raised $200 million from car hailing service Didi Chuxing in September as well as Uxin Group, which has raised $500 million. Another rival Guazi.com raised $400 million this year, according to the South China Morning Post, and this week launched a similar car financing program.

Uxin in particular is a key threat with search giant Baidu Inc. and Tencent Holdings Ltd. among its shareholder base. However, Yao said his company’s advantage was its extensive connection to traditional offline used car dealerships.

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Mongolia Strengthens Business Environment with Better Access to Credit for SMEs and Movable Collateral Registry Reforms: Doing Business www.4-traders.com

Ulaanbaatar, November 1, 2017 - Governments in 119 economies carried out 264 business reforms in the past year to create jobs, attract investment and become more competitive, says the World Bank Group's latest Doing Business2018: Reforming to Create Jobs report, which monitors the ease of doing business for small and medium enterprises around the world.

Developing countries carried out 206 reforms, accounting for 78 percent of the total reforms, with Sub-Saharan Africa implementing 83 reforms and South Asia implementing a record 20 reforms. A large number of reforms centered on improving access to credit and registering a new business, with 38 reforms each, as well as facilitating cross border trade, with 33 reforms.

Business reforms continued at speed in East Asia and Pacific, with regional economies adopting 45 reforms during the past year. The region is home totwo of the world's top 10 ranked economies, Singapore and Hong Kong SAR, China, and two of this year's top 10 improvers, Brunei Darussalam (for a second consecutive year) and Thailand.

Mongolia implemented substantive reforms to boost SME financing through Secured Transactions Reform project. Access to finance is a challenge faced by many Mongolian SMEs, which struggle to obtain bank loans as they do not own land or buildings that banks generally seek as collateral.

To address this issue, the International Finance Corporation (IFC), a member of the World Bank Group, and the Ministry of Justice have partnered with the Bank of Mongolia, Mongolia Bankers' Association, and other stakeholders since 2013 to help reform the country's secured transactions system to unlock affordable financing for SMEs. As part of the reform, a web-based pledge-notice registry was launched in February 2017, enabling creditors to search for existing interests on movable assets that they intend to use as collateral and to file security interest on their approved collaterals. In addition, the IFC-supported Law on Tangible and Intangible Movable Property Pledge went into effect on March 1, 2017. The new law, along with the registry, allows SMEs to offer moveable assets such as accounts receivable, inventory, livestock, equipment, and future income as collateral to banks - a major move to improve access to finance for SMEs. The system also reduces the need for paper documents and notifies creation of pledge-rights to existing and prospective lenders.

To date, around 90,000 pledge-notices have been registered, 38 percent of which is equipment, 24 percent is livestock, 5.4 percent is account receivables, and 2.0 percent is vehicles. Women account for 24 percent of the total borrowers.

'We are very encouraged to see the strong early results from this project' said Tuyen D. Nguyen, IFC Resident Representative in Mongolia. 'Mobilizing movable collateral to boost access to finance, especially for MSMEs, can play a significant role in Mongolia's sustainable economic recovery and job creation.'

In its annual ease of doing business rankings, New Zealand, Singapore and Denmark retained their first, second and third spots, respectively, followed by Republic of Korea; Hong Kong SAR, China; United States; United Kingdom; Norway; Georgia; and Sweden.

This year's top 10 improvers, based on reforms undertaken, are Brunei Darussalam; Thailand; Malawi; Kosovo; India; Uzbekistan; Zambia; Nigeria; Djibouti; and El Salvador. For the first time, the group of top 10 improvers includes economies of all income levels and sizes, with half being top improvers for the first time - El Salvador, India, Malawi, Nigeria, and Thailand.

The report also monitors hurdles faced specifically by women in the areas of Starting a Business, Registering Property and Enforcing Contracts. This year's report records a welcome reform by the Democratic Republic of Congo, which eliminated the requirement for women to obtain their husband's permission to register a business. However, 36 economies continue to place obstacles for women entrepreneurs, with 22 economies imposing additional steps for married women to start a business and 14 limiting women's ability to own, use and transfer property.

This year's report includes two case studies on transparency, which analyze data from business registries and land administrations and find that economies with more transparent and accessible information have lower levels of corruption and bribery. A third case study on private sector participation in formulating construction regulation finds that such rules exhibited higher costs and a propensity for conflicts of interest. A fourth case study highlights three successful insolvency reforms in France, Slovenia and Thailand, and lessons that are transferable to other economies.

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October 31, 2017 trading report www.mse.mn

On October 31, 2017, 144,688 shares of 26 firms listed as Tier I, II, and III were traded. 14 firms’ shares increased in price, 9 decreased and 3 remained unchanged. Mongol Post JSC /MNP/ was the top performer, increasing 4.73 percent, whereas Moninjbar JSC /MIB/ was the worst performer, decreasing 13.10 percent.

On the secondary market for government bonds, 1,700 bonds with a value of MNT170.0 million were traded.

On the secondary market for corporate bonds, 2,025 bonds with a value of MNT202.5 million were traded.

The MSE ALL Index decreased by 0.51 percent to stand at 1,133.69 points. The MSE market cap stands at MNT 2,181,283,620,998

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Canada supports environment ministry with skills upgrade and high technology www.montsame.mn

Ulaanbaatar /MONTSAME/ The 'Mongolia: Enhancing Resource Management through Institutional Transformation (MERIT)' project, funded by Global Affairs Canada, will hand over GPS and drone equipment to the Ministry of Environment and Tourism on November 2, 2017.

This equipment will be used for obtaining high-definition aerial pictures and gathering visual documentation of field conditions at mine sites during regular inspection visits based on Environmental Management Plans developed by mining companies.

As main users of this equipment, officers of the cadastral unit for forests, water and protected areas of the Ministry of Environment and Tourism and members of a working group including the Mineral Resource and Petroleum Authority of Mongolia (MRPAM) officers have received both on-the-job and field training and are now fully equipped to apply their learning in practice. The working group members will carry out joint inspection visits all year round starting in spring when mining operations commence in the field and document performance of the environmental management plans such as land rehabilitation and afforestation activities, etc.

By having this high cost, yet high technology equipment and a well-qualified workforce Mongolia is advancing to the new level of environmental management.

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Partnership and Cooperation Agreement between the European Union and Mongolia enters into force www.eeas.europa.eu

On 1 November, the Partnership and Cooperation Agreement (PCA) between the European Union and its Member States and Mongolia will enter into force.

The Agreement, which was signed on 30 April 2013, replaces the 1993 Agreement on trade and economic cooperation between the European Economic Community and Mongolia.

The High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini said: "The European Union and Mongolia are consolidating their strong ties, based on shared values and interests, and a common will to work more closely together. The entry into force of our Partnership and Cooperation Agreement, combined with the establishment of a European Union Delegation in Ulaanbaatar, which will take place in the coming days, consolidates existing areas of cooperation and engagement, and deepens and diversifies relations further in areas of mutual interest, for the sake of our peoples."

The Partnership and Cooperation Agreement strengthens the existing relationship between the European Union and Mongolia and builds on a shared commitment towards good governance, human rights and sustainable development. Moreover, the Agreement will broaden cooperation in a wide range of areas, such as sustainable development, raw materials, climate change, justice and security, human rights, science and technology, good governance, as well as facilitate trade and investment. The Partnership and Cooperation Agreement brings on board the European Union and all of its Member States, therefore providing opportunities to create synergies between EU activities and individual Member States' policies.

The entry into force of the Partnership and Cooperation Agreement coincides with the opening of an EU Delegation in Mongolia, for which implementing the Agreement will be a top priority.

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Mongolian economy is rapidly recovering: IMF www.news.xinhuanet.com

ULAN BATOR, Oct. 31 (Xinhua) -- The Mongolian economy is rapidly recovering, said an International Monetary Fund team after evaluating an economic bail-out program here.

The IMF predicts Mongolian GDP growth to reach 3.3 percent this year and 4.2 percent next year. The country's Extended Fund Facility (EFF) program has achieved its goal, said the IMF.
In the near future, the IMF will focus on supporting the banking sector and improving the implementation of Mongolia's monetary policies.
Geoff Gottlieb, leader of the IMF staff team in Mongolia, said the Mongolian economy is recovering faster than they expected, which was largely due to the growth of coal exports as well as the restoration of services. But next year the coal industry will be at risk.
The quantitative indicators that determine current monetary policies were positive as a result of strict control over the expenditures of the state budget, which has been increased.
Last year, Mongolia's budget deficit reached 17 percent, while it decreased by 7.5 percent in 2017. Net international reserves improved, and the authorities turned over sovereign bonds with maturity in 2017 and 2018 at attractive interest rates, eliminating the key risk to the external position.
Long-term structural reforms will continue to contribute to economic growth.
The authorities have moved ahead with their ambitious structural reform agenda, which will help to sustain growth over the medium term, promote diversification and competitiveness and mitigate the boom-bust cycle.
Currently, the banking system is being restored and strengthened: the results of a comprehensive asset quality review are expected in mid-December; important legal reforms are being developed to strengthen the financial system; and improvements of the regulatory and supervisory framework are under way.
The Mongolian authorities and the IMF team have reached staff-level agreements on the completion of the first and second reviews under the EFF arrangement, which is subject to the approval of the IMF Executive Board.
As part of the full implementation of this program, Mongolia will receive 440 million U.S. dollars from the IMF and 5.5 billion U.S. dollars from donor countries, including Japan and the Republic of Korea.
The IMF staff team, led by Gottlieb, were in Mongolia from Oct. 18 to 30 to sum up the results of the first phase of its EFF program and decide whether to continue it.

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