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    

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

NEWS

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Mongolia sets goal to sell 12 million tonnes of coal via auction www.news.mn

Mongolia, the biggest supplier of coal to China’s steel industry, is changing the way it sells its product in a bid to improve transparency and reap better returns from its top export earner.
Hit by a scandal last year that saw hundreds of thousands of tons pilfered from state stockpiles on the border, the government is moving to an auction system that will replace the long-term contracts favored by Chinese buyers and impose additional transport costs on customers. Beijing has sought to expand its coal trade with Mongolia in recent years, particularly after halting shipments from Australia, formerly its number 1 supplier of the higher-grade mineral required for blast furnaces.
Mongolia sets goal to sell 12 million tonness via auction by July. The government intends to use auctions for all its coal sales — including the coking variety for steel mills and thermal coal for power plants — in 2024 and 2025, according to an emailed response to questions.
China is by far the biggest buyer of Mongolian goods. Coking coal imports from its northern neighbor amounted to nearly 26 million tonness last year — 40 percent of total purchases. The new auction system also coincides with a rapprochement in Beijing’s relations with Canberra, which has seen Australian coal shipments resume after being banned since late 2021.
Sales listed so far on the Mongolian Stock Exchange, which is hosting the auctions that began this month, have totaled 128,000 tons, according to the bourse’s website.
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11th India-Mongolia Joint Working Group Meeting Held in New Delhi www.exampur.com

The 11th meeting of the India-Mongolia Joint Working Group was held on 10 February 2023 in New Delhi.
An overview of the news
Co-chaired by Dr. Ajay Kumar, Joint Secretary, Ministry of Defence, India and Brigadier General Gankhuyag Davgdorj, State Secretary, Ministry of Defence, Mongolia, the meeting of the Joint Working Group took place for the first time since the pandemic.
Both the countries reviewed the progress of various bilateral defense cooperation initiatives and identified measures to further enhance the existing areas of cooperation.
Both sides reviewed the progress of various bilateral defence cooperation initiatives and expressed satisfaction at the efforts made in this direction despite the restrictions imposed by the COVID pandemic.
India -Mongolia Relation
India established diplomatic relations with Mongolia in 1955 and upgraded relations with Mongolia to a strategic partnership.
Prime Minister Narendra Modi's visit to Mongolia in 2015 upgraded it to a "strategic partnership" and declared it as an essential component of the 'Act East Policy'.
Mongolia has publicly voiced its support for India's membership for a permanent seat on the United Nations Security Council (UNSC).
Both the countries are members of the Asia-Europe Meeting (ASEM) and the World Trade Organization (WTO)
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Mongolia looks forward to welcoming back Chinese tourists www.xinhuanet.com

Mongolia has pinned high hopes for its tourism recovery after Chinese tourists gradually returned to the country.
"China is the main market for Mongolia's tourism sector. For many years, China has ranked first in terms of tourist numbers in our country," Damba Gantumur, president of the Mongolian Tourism Association, told Xinhua.
The tourism sector is of strategic importance for the further development of Mongolia's social and economic sectors, Gantumur said, adding that the Mongolian government has been taking various measures to promote the development of tourism, which suffered from the epidemic.
The Asian country has set a goal of attracting at least one million foreign tourists and earning one billion U.S. dollars from tourism in the coming years, he said.
The Mongolian government and its tourism-related businesses have been working to improve their services, products and competitiveness in order to welcome more foreign tourists, especially the tourists from China.
Jargal Purevsuren is a director of a tour operator, Pocket Travel, an experienced agency in Mongolia.
"We have been improving our marketing management strategies to attract as many tourists from China as possible in the coming years. Many Chinese tourists are booking tours to experience our country's nomadic lifestyle, pristine nature and scenic places," said Purevsuren.
Around 50 tour operators in Mongolia have recently established a council to explore ways to improve their management in order to attract Chinese tourists, said Purevsuren, who also leads the council.
Mongolians are also interested in traveling to China, she said, adding that the council have made a proposal to organize a tourism forum between the two countries every year.
Amgalan Enkhzul is a director of another tour operator, Zuut Travel.
"The world tourism industry is looking forward to welcoming Chinese tourists again. I am sure that our country will receive a large number of tourists from China this year," said Enkhzul.
The Zuut Travel, which sent its first group tour of Mongolian tourists to China in late January, is now expecting the first group tour from China in March after a three-year hiatus due to the COVID-19 pandemic, he said.
In order to promote cross-border tourism with China and Russia, "Mongolia is offering 72-hour visa-free travel to Chinese citizens," Enkhzul added.
Mongolia received a total of around 577,300 foreign tourists in 2019, hitting an all-time high, according to the Mongolian Ministry of Environment and Tourism. More than 30 percent of the foreign tourists are from China.
Mongolia has declared 2023, 2024 and 2025 as "The Years to Visit Mongolia" under the official motto "Welcome to Mongolia," and hopes to diversify and develop its economy through tourism.
(Web editor: Cai Hairuo, Du Mingming)
 
 
 
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Flyers defeat Saint Louis on Mongolia Day www.dayton247now.com

DAYTON, OHIO (WKEF/WRGT) - The city of Dayton declared February 10 to be Mongolia Day, in honor of UD men's basketball freshman Mike Sharavjamts.
The Flyers overcame a lively start from Saint Louis to win Friday's game with the Billikens, 70-56, moving to within a half-game of VCU for the Atlantic 10 lead. Sharavjamts recorded four points, three assists and a steal off the bench, while Toumani Camara led UD with 17 points.
Dayton, which has won four of their last five contests, will be on the road for their next two games at Loyola Chicago and Massachusetts before hosting George Mason on February 25.
Also on Friday, Wright State men's basketball won a critical home game over Northern Kentucky 83-65, to stay in the hunt for a first-round bye in the Horizon League tournament. The Raider women also won Friday, 74-65 at Milwaukee.
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Equips school with Google tools www.montsame.mn

L. Enkh-Amgalan, Minister of Education and Science met with John M. Vamvakitis, Managing Director of Google for Education, and Colin Marson, Director of Google for Education JAPAC and discussed their educational online tools for teachers and students.
During the meeting, the parties agreed to:
- Tailor the curriculum of information technology courses to the characteristics of each grade of secondary schools and Vocational training centers.
- Cooperate on equipping teachers with computers, and implement project to improve quality of education
- Introduce Google’s modern software and innovative applications for education and corporate digital solutions to eliminate the burden of outdated program, ease teacher’s work load and improve digital environment.
 
 
 
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Mongolian Rescue Team Saved Five People www.montsame.mn

Mongolian search and rescue team, carrying out their duty in the Republic of Turkey, has saved five people alive from a collapsed building and handed over to the health organization after performing first aid on February 9.
In addition, the team took out 12 dead /4 children/ under the collapsed houses and handed them over to the related organizations.
According to the National Emergency Management Agency of Mongolia, the medical team with Turkish soldiers have cleaned some space in the middle of the disaster area and built a tent for emergency aid, installing needed equipment to get ready for medical service.
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Mongolia’s annual inflation rate stabilizing www.news.mn

Mongolia’s annual inflation rate fell to 12.3 percent in January by 0.9 percent from previous month.
The inflation rate in Mongolia peaked at 16.1 percent last June due to higher prices for imports. The figure has been gradually decreasing ever since.
There are 410 items in the landlocked country’s consumer goods and services basket. More than half of them are imported, according to the statistical agency.
The Asian country has aimed at reducing its inflation rate to a single digit by the end of this year.
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Mongolia’s Prime Minister to visit South Korea www.news.mn

Prime Minister of Mongolia, L.Oyun-Erdene will pay an official visit to the Republic of Korea from 13-17 February.
The sides will discuss expanding cooperation between the two countries and the issue of visa benefits.
L.Oyun-Erdene received Ambassador of the Republic of Korea to Mongolia Kim Jong-gu on 31 January. They exchanged views on bilateral relations and cooperation.
The Prime Minister expressed interest in introducing advanced technologies and attracting investments in environment, health and infrastructure in connection with the creation of a new city as part of the long-term development of “Vision 2050” policy and the “Revival Policy” carried out by the government.
According to data released by South Korea’s foreign ministry, 39,746 Mongolians were living in South Korea as of June 2022.
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Ivanhoe Mines seeking strategic partner to mine more copper in Congo www.mining.com

Ivanhoe Mines (TSX: IVN) is in talks with potential partners to develop copper assets in the Democratic Republic of Congo (DRC), as the world faces a global copper shortage, fuelled by fresh challenges to supply streams and higher demand.
“We’re in all kinds of strategic discussions and you know, most of the most interesting investors tend to be sovereign investors,” Ivanhoe Mines founder Robert Friedland told Bloomberg TV. “We only want to do things that help it to grow.”
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The shift toward decarbonization will require vast amounts of copper to produce electric vehicles (EVs), extend transmission lines and install new wires in renewable power sources.
Very few major copper mines have started operations in recents years, with only two opened between 2017 and 2021, according to the International Copper Study Group (ICSG).
While there are now four mines coming on stream or ramping up almost simultaneously — Kamoa-Kakula in Congo, Quellaveco in Peru and Quebrada Blanca II and Spence-SGO in Chile — main market players are still predicting a massive supply shortfall by 2030.
Speaking this week in South Africa at the Indaba conference, Friedland said 700 million tonnes of copper had been mined in human history and a further 700 million tonnes would be needed in the next 22 years just to keep annual global growth rates of 3%.
The mining veteran made his fortune from the Voisey’s Bay nickel project in Canada in the 1990s. Since then, he has been involved in some of the biggest mineral discoveries in the world, including the giant Oyu Tolgoi copper mine in Mongolia and the Kamoa-Kakula project in the DRC.
The Congolese copper mine produced 333,500 tonnes of the metal in 2022, more than double its output a year earlier. It’s currently undergoing an expansion (Phase 3), which will push production numbers up to 620,000 tonnes a year by 2024, when completed.
Growing interest
Friedland is not alone in touting Africa as a copper haven. Eurasian Resources Group’s chief executive officer, Benedikt Sobotka, said earlier this week that the company would spend $1.8 billion to double its copper and cobalt output in the continent.
ERG produces 200,000 tonnes of copper and 25,000 tonnes of cobalt a year from its mines across the central African copperbelt.
The US government inked in January a memorandum of understanding to jointly develop a supply chain for EV batteries.
“It should have happened 30 years ago,” Friedland said. “Five American administrations slept walked through this requirement, and the Americans are remembering how critically important Africa is.”
Yet, the US government hasn’t added copper to its list of critical metals, he noted.
Chile is the world’s largest copper producer and accounted for 27% of global supply in 2021, according to the World Economic Forum. The country, however, is facing declining ore grades and climbing costs, recording a 7% year-on-year production decline in November.
“Chile cannot grow their production for the new economy, they just can’t,” Friedland said. “Unless this is completely reinvented, there is no hope for an energy transition.”
~ With files from Bloomberg
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City of Dayton will honor UD freshman with Mongolian Day www.daytondailynews.com

Dayton Mayor Jeffrey J. Mims will honor Dayton Flyers freshman guard Mike Sharavjamts by declaring Friday as Mongolian Day in the city.
Sharavjamts, the first Mongolian citizen to play Division I men’s college basketball, has started 20 games this season and appeared in all 25 games. He averages 5.9 points and leads the team with 79 assists.
“He’s been an ambassador for Mongolia in Ohio and even in America,” said Bayarmagnai Baika Puntsag, a consul at the Consulate General of Mongolia in San Francisco. “He’s been very successful. A lot of young people look up to him. It’s been a great journey. We are all cheering for him.”
As part of Mongolian Day, there will be an event, sponsored by CareSource, for invited guests from 2-4 p.m. Friday at the Pamela Morris Center in Downtown Dayton. Programming will highlight Mongolian culture.
Erhardt Preitauer, President and CEO of CareSource, will provide welcoming remarks. H.E. Batbayar Ulziidelger, Ambassador Extraordinary and Plenipotentiary of Mongolia, will follow with the keynote address.
Representatives from U.S. Rep. Mike Turner’s office and from Ohio Lt. Governor Jon A. Husted’s office will attend the event.
» ARCHDEACON: ‘Mongolian Mike’ hopes to make splash with UD
Later on Friday, Dayton plays Saint Louis at 8 p.m. at UD Arena. Mongolian contortionists will perform at halftime.
Puntsag became a Dayton fan when Sharavjamts signed with the program and hasn’t missed a game this season on TV. He even watched the Flyers when he traveled home to Mongolia. He will attend the event and see Sharavjamts play in person for the first time Friday night. He sees the whole day as a way to promote his country. He urged people to consider visiting, saying it takes about 15 hours of flights to reach the country from the United States.
“Mongolia has been a hidden jewel, a hidden pearl,” he said. “I’ve met with a lot of Americans who dream of coming to Mongolia. It’s wide open to tourists. It’s not in outer space.”
By: David Jablonski covers the Dayton Flyers and other sports for the Dayton Daily News, Springfield News-Sun and Journal News.
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