1 CHINA EXPECTS FM WANG YI’S VISIT TO STEADILY ADVANCE CHINA-MONGOLIA COMPREHENSIVE STRATEGIC PARTNERSHIP: FM SPOKESPERSON WWW.GLOBALTIMES.CN PUBLISHED:2026/06/12      2 THE UNITED STATES EXTENDS CHILD PROTECTION COMPACT PARTNERSHIP WITH MONGOLIA THROUGH 2028 WWW.MN.USEMBASSY.GOV PUBLISHED:2026/06/12      3 MONGOLIA AND TURKEY EXCHANGED VIEWS ON EXPANDING BILATERAL RELATIONS WWW.OPEN.KG PUBLISHED:2026/06/12      4 MONGOLIA: STRENGTHENING AGRICULTURE THROUGH SUSTAINABLE FINANCE WWW.HORTIDAILY.COM PUBLISHED:2026/06/12      5 ULAANBAATAR HOSTS 15TH ASIAN TOURISM FORUM WWW.MONTSAME.MN PUBLISHED:2026/06/12      6 IN WASHINGTON, DC, MONGOLIA AND IUCN ELEVATE OPPORTUNITIES TO SUPPORT LAND RESTORATION, RANGELAND STEWARDSHIP AHEAD OF UNCCD COP17 WWW.IUCN.ORG PUBLISHED:2026/06/12      7 SMUGGLED DINOSAUR FOSSILS RETURN TO MONGOLIA AFTER TWO DECADES WWW.AFP.COM PUBLISHED:2026/06/12      8 CAN NORTHEAST ASIA’S NEW GEOPOLITICAL REALITY CREATE OPPORTUNITIES FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2026/06/11      9 MONGOLIAN FARMERS ARE CONCERNED ABOUT THE PROSPECT OF GRAIN IMPORTS FROM THE EAEU WWW.LOGOS-PRES.MD PUBLISHED:2026/06/11      10 KT PARTNERS WITH MONGOLIA'S TDB AND WOORI BANK FOR FOREIGNER-FOCUSED TELECOM, FINANCE SERVICES WWW.EN.SEDAILY.COM PUBLISHED:2026/06/11      БНХАУ-ЫН ГАДААД ХЭРГИЙН САЙД ВАН И ЗУРГААДУГААР САРЫН 13-15-НЫ ХООРОНД МОНГОЛ УЛСАД АЙЛЧИЛНА WWW.CNBC.MN НИЙТЭЛСЭН:2026/06/12     АЛТНЫ ҮНЭ СҮҮЛИЙН ЗУРГААН САРЫН ДООД ТҮВШНЭЭСЭЭ ЭРГЭН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/12     ДӨРВӨН УЛИРЛЫН ХҮЛЭМЖ БАЙГУУЛЖ, НАРИЙН НОГООНЫ ХЭРЭГЦЭЭГ ХАНГАХ ТӨСӨЛД ГАРЫН ҮСЭГ ЗУРЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/06/12     ЗЭСИЙН ЭКСПОРТЫН ОРЛОГО $3.8 ТЭРБУМД ХҮРЧЭЭ WWW.CNBC.MN НИЙТЭЛСЭН:2026/06/12     АЗИЙН АЯЛАЛ ЖУУЛЧЛАЛЫН ФОРУМ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/12     ДЭЛХИЙН АДУУНЫ ӨДӨРТ 56 ОРНЫ ЗОЧИД ОРОЛЦОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/06/12     ТОМИЛОЛТ: ЗӨӨВЧ-ОВОО ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТ ЭХЭЛЖ, АНХНЫ ЦООНОГОО ӨРӨМДЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/06/12     МОНГОЛБАНК ХИЛ ДАМНАСАН ТӨЛБӨРИЙН ДЭВШИЛТЭТ ШИЙДЭЛ "MBRIDGE" ТӨСЛИЙН УДИРДАХ ХОРООНД НЭГДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/11     ХУУЛИЙН ТӨСӨЛ: НДШ ТӨЛӨЛТТЭЙ ХОЛБООТОЙ ТАВАН ШИНЭЧЛЭЛТЭЙ ТАНИЛЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/06/11     ХУУЛЬ БУСААР ХИЛ ДАВУУЛСАН ҮЛЭГ ГҮРВЭЛИЙН ОЛДВОРЫГ БУЦААН АВЧИРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/06/11    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Starbucks courts millennials with $10 coffee at new Reserve bars www.reuters.com

 
Starbucks Corp co-founder Howard Schultz's plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world's largest coffee brand with millennials like Megan Sauers.
 
Schultz in April will step down as chief executive to focus on building 1,000 new "Reserve" brand stores. Over time there also will be as many as 30 large, showcase Reserve Roastery and Tasting Rooms in major cities around the world.
 
Starbucks last week announced that Schultz was moving into the role of executive chairman in April to focus on the project. Analysts expect more details at a meeting in New York on Wednesday.
 
The transition marks a turning point for Starbucks, which introduced millions of people around the world to higher quality coffee and espresso drinks and now must find a way to avoid being labeled pedestrian when compared with upscale rivals like Blue Bottle and Intelligentsia, which are popping up in U.S. cities.
 
"Starbucks is the millennials' parents' coffee house and Starbucks is acutely aware of that," said Ric Rhinehart, executive director of the Specialty Coffee Association of America.
 
Starbucks' Reserve projects are "a reminder that they did this first and they do this best," said AB Bernstein analyst Sara Senatore.
 
The company already has added Reserve bars to a handful of Starbucks shops in major cities including New York.
 
Reuters visited one such cafe on Manhattan's Upper East Side, which offered $10 cups of coffee made in glass siphons, $10 "flights" of Reserve brews and nitro cold brew via a separate Reserve menu.
 
Twenty-four-year-old Sauers came in for her standard Starbucks caffeine jolt and discovered the new brand.
 
"I'd probably just stick to the regular, I'm not too picky," said Sauer, a recent transplant from Ohio. But she showed the kind of aspiration that Starbucks seeks.
 
"If I had the money to spend more toward coffee I'd do it," she said, calling the Reserve bar a great idea for the neighborhood. "I think people want it, too.”
 
Reserve stores will exclusively sell and serve exotic, small-lot coffees that can cost $50 per 8-ounce bag. Executives expect customers to stay longer and spend more, driving twice the financial returns of typical Starbucks stores, which have average unit sales of about $1.6 million annually.
 
Reserve likely has room to set prices higher than Starbucks. Blue Bottle and Intelligentsia shops in Los Angeles charge $4.50 for their 12-ounce lattes, versus $3.25 at Starbucks.
 
Starbucks' 1,000 Reserve stores could boost company revenue if they hit targets, said Bernstein's Senatore, who cautioned that Schultz's new project has investment requirements that could become less attractive in a slowdown.
 
And as Starbucks has already learned, moving upscale carries its own risks.
 
"There is always a market for what is different, special and rare, but the minute you become so available that anyone can get what you are selling, you lose your cachet," said market researcher Robert Passikoff, president and founder of Brand Keys.
 
 
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Chinese coal-rich province closes, restructures 25 coal mines www.xinhuanet.com.cn

 
TAIYUAN, Dec. 7 (Xinhua) -- Shanxi Province, which supplies about a quarter of China's coal, shut down or restructured 25 coal mines this year, cutting 23.25 million tonnes of coal production capacity.
 
The results surpassed the target of closing or restructuring 21 coal mines and reducing 20 million tonnes of production this year, set in August as part of a plan to cut overcapacity between 2016 and 2020, according to local land and resources authorities.
 
At the end of October, Shanxi's coal enterprises had inventories of 30.84 million tonnes, 4.91 million tonnes lower than a month previously.
 
In addition, the enterprises ended a 26-month run of losses in September.
 
China plans to cut coal capacity by about 500 million tonnes from 2016 to 2020.
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Apple supplier Foxconn is in talks to invest in the U.S. www.cnn.com

One of Apple's biggest suppliers is in talks to invest in the United States.
Taiwan-based Foxconn is a giant contract manufacturer that plays a key role in assembling iPhones for Apple (AAPL, Tech30), employing hundreds of thousands of workers in mainland China.
"We are in preliminary discussions regarding a potential investment that would represent an expansion of our current U.S. operations," Foxconn said in a statement provided to CNNMoney.
The company was responding to the appearance of Foxconn's name on a document carried by a top Japanese tech CEO in a meeting Tuesday with U.S. President-elect Donald Trump.

After the meeting, Trump took credit for a planned $50 billion investment in U.S. startups by the Japanese company, Softbank (SFTBF), that he said would create 50,000 jobs.
Photos showed SoftBank CEO Masayoshi Son holding a document with the logos of both his company and Foxconn's.
"Commit to: Invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next 4 years," the document said.
foxconn terry gou
Foxconn founder Terry Gou speaking at a shareholders meeting in Taiwan in June.
That led to speculation that Foxconn could be planning to invest $7 billion in the U.S. to create 50,000 jobs.
But Foxconn declined to provide any further information.
"While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said.

Foxconn declined to comment on whether the possible investment is linked to Trump's election.
Trump tweeted that Son told him Softbank's investment would not have happened if Trump hadn't won the U.S. election. After the meeting, Son said he told Trump he would like to "celebrate his presidential job" because Trump has made deregulation part of his platform.
But it wasn't clear how much of the money Son pledged might have ended up in the U.S. anyway.
In October, weeks before the election, SoftBank and the government of Saudi Arabia announced plans to form a $100 billion fund to invest in technology companies around the world. Son told The Wall Street Journal in an interview that the money he promised Trump would come from the huge fund.
It wasn't clear why Son was carrying a document with Foxconn's name on it. The two companies are separate but have worked together in the past. Son is known to be friends with Foxconn's founder, Terry Gou.
-- Jill Disis and David Goldman contributed to this report.

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E.Amartuvshin becomes Cultural Envoy www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs Ts.Munkh-Orgil handed opera singer E.Amartuvshin the certificate of Cultural Envoy of Mongolia on December 6. State Honored Artist E.Amartuvshin has shown brilliant successes in international competitions.
 
The FM highlighted an importance of appointing the citizens, who are promoting Mongolia and shaping its image to the world, the cultural envoys in disseminating Mongolia’s culture to the world.
 
The practice has been embodied by the Ministry since 2015. The cultural envoys contributes greatly to progressing cultural, historic, humanitarian and scientific interactions with many different countries of the world.
 
E.Amartuvshin won the second place of the International Tchaikovsky Competition and the Audience Award of BBC Cardiff Singer of the World.
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Trump's impact on metals and mining in one chart www.mining.com

 
Ahead of the US presidential election great hopes were pinned on the performance of the gold price should Donald Trump prevail. A few analysts saw a Trump victory sending gold to $1,500 or well beyond.
 
After a brief surge to $1338 an ounce on election night, gold's nearly $180 an ounce collapse has unnerved the entire sector – even those companies enjoying the bounce in base metals that started way before Trump even became the Republican candidate.
 
Gold's now barely hanging on to double digit gains for 2016 and the performance of the metal since Trump's victory has dragged down precious metals. The exception is palladium thanks to its status as an industrial metal mainly used in automobile manufacture. Silver's slide since the election has also been relatively contained – some 50% of silver finds application in industry.
 
While zinc – up 70% since the start of the year after adding another 12% in value since November 8 – would benefit from president elect Trump's $500 billion infrastructure and fiscal stimulus plans, the change in sentiment towards industrial metals is nowhere clearer than in the copper price.
 
The bellwether metal's 2016 performance had been lacklustre compared to zinc, tin (+46% year to date), nickel (+34%) and lead (+28%), but the metal started to move even before the vote and is now 25% to the better for the year.
 
The world's second most traded bulk commodity after oil, iron ore (+16% since the election and 83% year to date) has defied expectations and while the price of the steelmaking raw material is influenced more by stimulus in top consumer China, Trump's infrastructure push should provide some support.
 
US coal prices are off their lows reached in September and October, but despite avowed support from the Trump team the positive impact on the domestic industry from a new administration is seen as limited at best. Seaborne thermal coal prices have also come off the boil, down more than 22% since the election.
 
Oil's resurgence is more an Opec than a Trump phenomenon, but the 13% jump over the past month retaking the $50 a barrel level is helping to bring price inflation across the mining and metals sector.
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Ford makes contingency plans in case of China year-end tax surprise www.reuters.com

 
Ford Motor Co (F.N) expects China to wait until the last possible moment to announce whether it will extend a tax cut on small engine cars set to expire at year's end and is making contingency plans for various outcomes, an executive said on Wednesday.
 
China's auto industry association, executives and analysts have warned of a potentially steep drop off in sales growth next year if the policy, which halves the purchase tax on cars with engines of 1.6 litres or below, expires as planned at the end of 2016.
 
A government official said in October that the country is considering extending the tax, originally instituted in late 2015 to stimulate the market as vehicle sales flat lined amid a weakening economy.
 
"If there is an announcement about a continuation, I would not be surprised if that announcement is made on literally the last day of year," Peter Fleet, Ford's head of sales and marketing for Asia Pacific, told Reuters in an interview.
 
In the face of such uncertainty, the U.S. automaker is planning for three different scenarios, he said: the tax cut expires, it is extended at a reduced rate, or continues in full.
 
"We're proceeding on the basis that the purchase tax incentive ends at the end of the year," Fleet said.
 
"We'll adjust our plans as quickly as we need to in the new year if there is a different set of assumptions."
 
Fundamental demand for cars will continue to be strong and the tax cut will only result in a marginal change in demand, he said, declining to give exact predictions for 2017 auto sales.
 
Ford is set to announce November sales results for China at later on Wednesday.
 
The tax cut spurred a strong rebound in the world's largest auto market this year with sales for January to October growing 13.8 percent compared with the same period a year earlier, according to the China Association of Automobile Manufacturers.
 
Analysts predict flat or negative growth in 2017 if the tax cut expires as planned.
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Japanese and Mongolian decision makers showing up in "Invest Mongolia Tokyo" conference www.mongolia.gogo.mn

 
The conference highlights the Japan-Mongolia Economic Partnership Agreement and the strengthening of the strategic partnership between Mongolia and Japan.
This year, the new Mongolian Government introduces its action plan for the next four years with particular focus on those industries in which Japanese investors have an active interest and the areas that provide the most benefit to the two countries.
Panels:
The outlook of relations between Japan and Mongolia
The current condition of the Mongolian economy and what will be the key drivers for any recovery
The outlook for Mongolia’s mineral exports and implications for Japanese investors
Government Hour: Parliament Members to discuss current issues regarding Mongolia and relations with Japan
Privatization and opportunities in Mongolia
Green Infrastructure
The proposal to the Mongolian Government from Japan
Presentations:
Legal Aspects of Doing Business in Mongolia
General update on the construction and real estate sector in Mongolia
Japanese International Cooperation Agency's operations for the further development of Mongolia
Within the above mentioned items, the conference will also discuss topical matters such as the impact of Oyu Tolgoi underground mine on the economy, the looming 2017 government bond repayment, the economic and political priorities in 2017 for Japan and Mongolia.
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Amazon using robots at distribution center www3.nhk.or.jp

 
Leading Internet retailer Amazon has started operating Japan's first distribution center equipped with robots.
 
Amazon built the distribution center in Kawasaki, near Tokyo, to improve its delivery system in the metropolitan area. The center covers about 40,000 square meters.
 
Several hundred robots move shelves, where goods are stored, to workers who sort them for delivery.
The workers no longer need to walk to the shelves, so the robots are believed to greatly improve work efficiency.
 
Amazon Japan CEO Jeff Hayashida says the robots will help the Internet retailer expand and speed up its services.
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Rio Tinto boss insists Mongolia dispute is 'bump in the road' www.telegraph.co.uk

The boss of FTSE 100 mining group Rio Tinto has insisted a dispute with China over copper exports from Mongolia will be resolved shortly.

Jean-Sebastian Jacques, the French executive who was promoted to the top job in July, said the Anglo Australian miner was used to working with the authorities in the region and hoped to resume exports soon.

Last week Rio’s subsidiary in Mongolia was forced to suspend copper shipments from its vast Oyu Tolgoi mine after Chinese authorities closed a border crossing and ordered copper to be shipped via a different route. The miner expressed concerns that queuing trucks were being made to wait in sub-zero temperatures.

China’s action was thought to be due to its displeasure at a visit to Mongolia by the Dalai Lama, the Tibetan spiritual leader who is not recognised by Chinese authorities.

Mr Jacques, who shepherded Oyu Tolgoi into production in his previous role as head of copper, said the miner was used to such “bumps in the road”. “Each time we would work with the authorities and each time it was resolved. I’ve no doubt it will be resolved this time,” he said.

The mine is a flagship project for Rio Tinto, which earlier this year approved a $5.3bn (£4.2bn) expansion to tap deeper levels of the deposit. Nearly all of Oyu Tolgo’s output is sent south to China, the world’s biggest consumer of metals.

The flare-up in Mongolia is the merely the latest headache for the Rio boss, who is contending with two separate regulatory probes into the mining giant’s past activities. Three regulators, including the UK’s Serious Fraud Office, are looking at a £10.5m payment made to help secure an iron ore deposit in Guinea, while US authorities are investigating a $3bn writedown on a mine in Mozambique.

Mr Jacques, speaking ahead of a presentation to analysts in London, said the Guinea probe was a “challenging story” but insisted: “I take integrity and code of conduct very seriously. Where we operate, we must do the right thing.”

Rio Tinto is targeting a $5bn boost in free cashflow over the next five years as it looks to wring more out of its assets.

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Japan provides grant to overhaul school and kindergarten buildings www.mongolia.gogo.mn

 
Two secondary school buildings and one kindergarten building are to overhaul due to implementation of "Grass root - Human Security Project" (GGP) by Government of Japan.
School buildings and school dormitories of Khongor soum, Darkhan-Uul aimag, Tudevtei soum, Zavkhan aimag and kindergarten building of Saintsagaan soum, Dundgobi aimag will be overhauled by grant with worth of $ 206.498 (MNT 453 million 595 thousand 842).
Takenori Shimizu, Ambassador Extraordinary and Plenipotentiary from Japan to Mongolia and affiliated aimag governors signed the project.
"Upon my completion as Ambassador of Japan to Mongolia, I am very pleased that my final duty is to sign one of GGP. I have tried my best to implement GGP throughout Mongolia since 1990. Currently, GGP have successfully implemented in all aimags and 208 soums out of total 332 soums. We have started GGP with the aim to solve issues faced by residents especially in education and health sectors. Today I signed the 503th project.
I would like to express my gratitude to all Mongolians. Mongolia has a lot of potential to develop. However, the country needs a good policy to move forward and improve people`s life. I told officials that economy will be recovered after three years, if the country can manage its all resources properly. Thus, I hope for Mongolia`s bright future", said Ambassador T.Shimizu.
During his tenure, Ambassador T.Shimizu had brought many investment and loans to Mongolia, including US$ 700 million soft loan to construct the New Ulaanbaatar International Airport (NUBIA), US$ 80 million aid to build a hospital under University of Medical Sciences and US$ 50 million soft loan to study 1000 Mongolian engineers in Japan.
Overhaul at school and kindergarten buildings is scheduled to commence in upcoming spring and will finish before Sep, 2017.
The Government of Japan had launched GGP since 1989 to support multilateral needs of developing countries and it funds to small projects which is implemented by local government, education and health sector through the Embassy of Japan.
After GGP had launched in Mongolia since 1990, it had aided to every aimags of Mongolia. Mongolia had been emphasizing educational sector. Thus, over 60% of implemented projects were funded to expansion and repair projects of secondary schools and kindergartens.
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