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    

Events

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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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27 COVID-19 cases recorded in Mongolia in past 24h www.akipress.com

27 new COVID-19 cases were recorded in Mongolia in past 24 hours.
9 of them were contacts in Ulaanbaatar, and 18 were registered in the regions. No imported cases were found.
The death toll from coronavirus remained 2,135.
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Ulaanbaatar: Anti-corruption protests continue www.asianews.it

In Mongolia, street protests have entered their tenth day, not only challenging the obscure export of raw materials, but expressing a strong dissent against the corruption of the country's ruling class. According to the Avilgatay Temtsekh (the independent anti-corruption service) in Ulan-Bator, there are 35 people under investigation, including former president Khaltmaagiyn Battulga, for 'coal mining, transportation and purchase of products and services at state expense', as stated by the agency's deputy director M. Davaatogtokh.
The authorities have opened 22 files to verify 47 targets; 15 people are under arrest and 10 are already in solitary confinement, as Davaatogtokh explained. A special working group has been set up to speed up the procedures. It is checking all deals concluded by the state-owned companies, such as the Erdenes-Tavan-Tolgoy and the Tavan-Tolgoy railway, totalling 633 files between 1 December 2018 and 1 December 2022. Most of the charges relate to bribes and favours that allowed several people to enrich themselves through the construction of coal transport railway routes.
The Mongolian Council of Ministers took the decision to take direct control of the incriminated railway line, and put all companies involved under a 'special regime' for a period of six months. In the meantime, the street protests in the centre of the capital Ulan Bator have not subsided, despite the several degrees below zero frost. The demonstrators accuse the corrupt of bringing the entire country to a general degradation of the standard of living.
As journalist Žargalsaykhan Dambadaržaa, creator of the popular website Jargaldefacto, explains to Azattyk, 'one of the main causes of the protest is the sudden spike in inflation in the country, and it's not just coal. Politicians and those close to them have appropriated many sources of raw materials, dividing up the land around Ulan Bator. They have resorted to all kinds of machinations and dirty deals with the 'cinghiz bonds', the international bonds on which the reporter has conducted many exposé campaigns, whereby 'half of the credits of the Development Bank of Mongolia have turned out to be toxic'.
Also according to Dambadaržaa, 'four presidents have appointed judges according to the principle of loyalty to their interests', effectively weakening the entire Mongolian judiciary. Judges are appointed by parliament, and some nominations are reserved for the president. 'People saw that there was no justice, no equality anymore, anger built up for several years,' the reporter explains. Against the backdrop of post-Covid inflation, and the weakening of the tugrik, the local currency, the ongoing scandals have been the trigger for the protest, bringing thousands of people and young people to the streets, in a total population of 3.4 million.
Coal mining has attracted the main attention, as it accounts for 25% of the entire country's GDP, and 40% of export earnings. Another 40% is copper concentrates, and it all goes to China, favoured by officials who manipulate the state budget by pocketing large percentages without paying taxes. The Great Khural, the Parliament of Ulan Bator, consists of 76 MPs, and investigative journalists accuse at least half of them of involvement in this corrupt scheme, including the theft of coal. Between 20 and 30 thousand trucks a year are registered as empty, when in fact they are transporting coal, and this cannot be the result of randomness, but the work of an entire system.
Investigations are trying to establish the scale of the entire trade, comparing Chinese statistics with Mongolian ones, and one fact is the collapse of the tugrik against the dollar in one year, which is almost 20%, with inflation at over 15%, and average salaries dropping to less than 0.
The public and the press are calling on the new government to come clean, while the suspects are seeking every avenue to escape conviction. The Mongols want to free themselves from the cloak of isolation and lawlessness, perhaps by seeking help from other Central Asian countries.
by Vladimir Rozanskij
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Altantuya's murder: Malaysian government, former cops ordered to pay US$1.1 million in damages www.channelnewsasia.com

SHAH ALAM: The High Court in Shah Alam on Friday (Dec 16) awarded RM5 million (US$1.1 million) to the family of Mongolian model Altantuya Shaariibuu, who was murdered in 2006.
The ruling came after Judge Vazeer Alam Mydin Meera allowed the lawsuit filed by Altantuya's parents, Shaariibuu Setev and Altantsetseg Sanjaa, and their grandsons, Mungunshagai Bayarjargal and Altanshagai Munkhtulga.
The lawsuit was filed against former policemen Azilah Hadri and Sirul Azhar Umar, former political analyst Abdul Razak Baginda and the Malaysian government.
“I find the plaintiffs have successfully established their case against the first (Azilah), second (Sirul) and third defendants (Abdul Razak)," the judge said during an online proceeding.
“As the fourth defendant (Malaysian government), I find that, by the facts of the law, the fourth defendant, as the employer, is vicariously liable for the unlawful actions of the first and second defendants, which were carried out in the capacities of police officers."
Altantuya, 28, was shot dead and her body was blown up by military-grade C4 explosives in Shah Alam in 2006.
Azilah has been sentenced to death for her murder, while Sirul is in Australia, having fled while on bail in 2014.
Altantuya was said to be the lover of Abdul Razak, who advised former Malaysia prime minister Najib Razak from 2000 to 2008.
The plaintiffs filed a lawsuit on Jun 4, 2007, claiming that the model's death resulted in them suffering mental shock and psychological trauma. They also sought compensation as well as exemplary and aggravated damages.
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Rio formally completes acquisition of Turquoise Hill www.australianmining.com.au

The months-long acquisition of Turquoise Hill Resources has finally been completed, with Rio announcing it now holds 66 per cent direct interest in the Oyu Tolgoi copper mine in Mongolia.
The remaining 34 per cent is owned by the Mongolian Government through Erdenes Oyu Tolgoi.
“Oyu Tolgoi is an outstanding asset with incredible people that will deliver significant long-term value for Rio Tinto and Mongolia,” Rio Tinto chief executive Jakob Stausholm said.
“I would like to acknowledge the Turquoise Hill board and management, under the leadership of Peter Gillin and Steve Thibeault, for their considerable effort and support over the years, working in partnership with Rio Tinto and the Government of Mongolia in developing Oyu Tolgoi into a world-class mine.
“I would like to offer my best wishes to each of them for the future.”
Buy-out discussions of Turquoise Hill Resources began back in March 2022, with an offer of $US2.7 billion that was turned down.
The next offer of $US3.1 billion in August was similarly rejected.
Rio’s final offer of $US3.3 billion was accepted in December and Rio Tinto was finally granted approval to acquire the remaining 49 per cent of Turquoise Hill by a majority shareholder vote on December 9.
“This acquisition further strengthens our copper portfolio, as part of our strategy to grow in materials the world needs for achieving net zero and delivering long-term value for our shareholders,” Rio Tinto copper chief executive Bold Baatar said.
“We now have a simpler and more efficient ownership and governance structure, with our partner the Government of Mongolia, as we proceed together towards sustainable production from the underground mine.”
Turquoise Hill has now become a wholly owned subsidiary of Rio Tinto and Turquoise Hill shares will cease trading.
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World’s coal consumption set to breach new record this year www.mining.com

World coal consumption is set to rise to the highest level ever this year despite ambitious global goals aimed at weaning nations off burning the dirty fossil fuel.
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time, according to an International Energy Agency report published Friday. It also said consumption will likely remain at that level until 2025, as declines in advanced economies are offset by demand in emerging Asian markets, such as China and India.
Europe’s heavy reliance on coal this year is largely driven by Russia’s curtailment of gas supplies to the continent, forcing it to draw on other other energy sources. It’s at a time when European leaders are also attempting to shift toward renewables to secure a clean source of power going forward.
The analysis “underlines the urgent need to massively scale up renewable power and energy efficiency so that we cut people’s bills, secure our energy supplies, and keep essential climate targets intact,” Alexandru Mustața, a campaigner at Europe Beyond Coal said.
“Importantly, no European country has revised its plans to phase out coal completely by 2030, and Europe is still on track to be coal free by the end of the decade.”
(By Olivia Fletcher)
 
 
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Mongolia becomes one of six countries to join N4H Initiative www.montsame.mn

Mongolia became one of the six countries to join the Nature for Health Initiative (N4H) to advance global efforts in upstream pandemic prevention. The Environment and Green Development Advisor to the President of Mongolia, N. Batkhuu participated in the side event at the CBD COP 15 in Montreal to introduce its first partner countries: Ecuador, Ghana, Mongolia, Rwanda, Vietnam, and Zambia.
These Country Partners will work with the N4H Consortium Partners, leading UN agencies, intergovernmental organizations, and civil society groups in the field of environment and health, to reduce the risk of pandemics through upstream prevention of zoonotic disease spillover.
Zoonotic diseases such as SARS, Ebola, and Zika are emerging as a result of environmental degradation, climate change, land use changes, biodiversity loss, animal husbandry, and wildlife trade and consumption. 75% of new human infectious diseases originate with animals and then spill over into humans and this figure is increasing due to anthropogenic pressures.
The human suffering and economic cost of pandemics are enormous: COVID-19 has already caused over 6.5 million deaths and cost the global economy USD 13.5 trillion. The price of prevention is estimated to be just a small fraction of this cost – at most 1%.
During the side event, countries discussed how prevention can be achieved by investing in the upstream environmental drivers of zoonotic pandemics, stopping them from emerging in the first place. N4H and its Country Partners explored how to overcome potential barriers and advance the post-2020 global biodiversity framework currently being negotiated under the auspices of CBD COP 15.
Within the framework of the N4H multi-partner trust fund, the Ministry of Environment and Tourism (Mongolia) will focus on improving the coordination between the environmental, agricultural, veterinary, and human health sectors, and early detection, prevention, and response to diseases that can be transmitted from animals to humans.
The Government of Mongolia will start implementing this Initiative in 2023 in cooperation with the Wildlife Conservation Society (WCS) and the preventative "One Health".
The 15th meeting of the Conference of the Parties (COP15) (Part Two) to the Convention on Biological Diversity, the 10th Meeting of the Conference of the Parties Serving as the Meeting of the Parties to the Cartagena Protocol on Biosafety (CP-MOP10) (Part Two), and the Fourth Meeting of the Conference of the Parties Serving as the Meeting of the Parties to the Nagoya Protocol on Access to Genetic Resources and Benefit-Sharing (NP-MOP4) (Part Two) is taking place in Montréal, Quebec, the seat of the UN CBD Secretariat, from December 7-19, 2022.
In this meeting, representatives of the Government led by the Ambassador of Mongolia to Canada Ya. Ariunbold, the Environment and Green Development Advisor to the President of Mongolia, N. Batkhuu, and the representatives of civil society and the Ministry of Environment and Tourism, are participating.
18,000 representatives, including ministers, deputy ministers, and ambassadors of more than 180 countries, are participating in the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity.
 
 
 
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Central bank raises its policy rate www.montsame.mn

During its scheduled meetings on December 15-16, 2022, the Monetary Policy Committee of the Bank of Mongolia (MPC) decided to raise the policy rate by 1 percentage point to 13 percent by majority vote, taking into consideration the current state of the economy and financial markets as well as the outlook and risks to the domestic and external economic environment.
This marks the fourth consecutive rate hike this year, pushing borrowing costs to the highest since May 2017. The move aims to stabilize the inflation rate in the medium term, maintain the relative return of the Mongolian national currency Tugrik (MNT) and ensure both internal and external balances of the economy. The annual inflation rate in Mongolia stood at a three-month high of 14.5 percent in November 2022, unchanged from its previous month.
In this regard, the Governor of the Bank of Mongolia, B. Lkhagvasuren highlighted that the inflation has been declining in line with the projection in recent months, however, in the coming quarters, the effects of the increase in global inflation, food, and fuel prices will grow more than previously expected, and government budget expenditures and wages will likely increase higher than expected.”
“Economic activity was relatively stronger than expected in the third quarter of 2022, surpassing the pre-COVID-19 levels. In recent months, the mining and transportation sectors have recovered, and the construction sector has grown due to railway construction. Non-mining sectors such as trade, services, and net product taxes have continued to intensify in the third quarter of 2022.”
“The labor market has returned to its pre-pandemic levels, and household consumption has been steadily increasing for the past 4 consecutive quarters. All of which have supported economic growth. Furthermore, the economic outlook will depend mainly on China’s “Zero-Covid” policy, the situation at border ports, the deficit in the balance of payments, and the actual export earnings.” added the Governor of the Bank of Mongolia B. Lkhagvasuren.
During the discussion of the main direction of the Government`s monetary policy in 2023, he said that The MPC is pursuing a policy to stabilize it at a single-digit number in 2023. Since Mongolia`s economy is affected by unfavorable external conditions, it is necessary to pay attention to the macro-economic policy in the coming year and improve industrial development in the medium and long term.”
The subsequent policy actions on whether to pursue further monetary tightening would depend on developments in the external and domestic economy and outlook changes in inflation and macroeconomic conditions.
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State Great Khural Chairman Receives WB Delegation www.montsame.mn

Chairman of the State Great Khural G. Zandanshatar received a delegation led by World Bank Country Director for China, South Korea and Mongolia Mara K. Warwick.
At the outset of the meeting, the State Great Khural Chairman expressed that Mongolia highly appreciates the World Bank’s consistent support in consolidating Mongolia’s business and investment environment. He then briefed on the legal reforms that will be carried out in the near future.
For her part, the World Bank Country Director emphasized that the laws and regulations that are passed by the State Great Khural and the future measures are in correlation with the World Bank’s reports and recommendations while commending Mongolia for taking decisive action to make legal reforms.
Noting that the World bank is paying particular attention to supporting small and medium-sized enterprises (SMEs) and increasing employment opportunities, she expressed confidence that the legal reforms will bring positive results in the development of the business sector.
“Aside from providing technical assistance to Mongolia, I am pleased to announce that the World Bank will launch programs in 2023 to strengthen good governance, encourage the use of renewable energy and tackle climate change issues”, she added.
The meeting also touched on the “D-Parliament” digital platform, which was introduced to increase the participation of citizens and NGOs in lawmaking, projects, and programs implemented in the past by the World Bank, and other issues.
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A Centuries Old Mystery www.news.mn

Mongolia is steeped in rich, ancient culture. One of the most fascinating discoveries made in Mongolia is that of their mysterious deer stones. These deer stones are estimated to be at least 2,700 years old and depict several images, including deer, elk, horses, human faces, and the sun.
These Bronze Age masterpieces are fascinating, as they provide some insight into the people that lived at the time of their creation, but otherwise provide little to no detail about their purpose. To this day, archaeologists continue to dig deeper to discover more about the deer stones and the people who created them.
The first deer stone analysis was concluded over a hundred years ago. In 1856, D. P. Daydoff discovered the Ivolga Stone in modern-day Ulan-Ude, Russia, and published an article about the rare deer stone. Just a few decades later, in 1892, V. V. Radlov, a Russian Turkologist specializing in Turkic languages, published several drawings of other deer stones he had found throughout Mongolia. These researchers found the monoliths fascinating, but could only theorize their purpose.
A study in the late 20th century by V. V. Volkov theorized that the eastern deer stones were likely connected to the slab grave culture of the Bronze Age . He also posited that some of the deer stones were involved in ancient rituals, as several have been found positioned in giant circles facing specific directions. This theory was later supported by the discovery of animal bones around and underneath several of the discovered deer stones.
Although some historians speculated that the deer stones were actually ancient gravestones, none of the stones were found to have human remains around or underneath them. Instead, some have proposed that the stones were carved to honor or represent deceased individuals. This would make sense, as many of the stones depict warriors and weapons, and they are completely unique from one another. One warrior’s deer stone would be different from another’s, as they had completely different lives and histories.
While the exact purpose behind the deer stones has not yet been discovered, historians are certainly interested in analyzing their potential meaning. Today, at least 1,500 deer stones have been discovered throughout Mongolia. Researchers working on these stones hope that further discoveries will uncover more information about the stones and the people that created them. To assist with this process, the Smithsonian Institution started the Deer Stone Project in 2006, which began to store the stones digitally using 3D scanning. Easier comparison of these stones could lead to further conclusions in the future.
Deer stones were mostly carved out of granite or greenstone, depending on the region they were made in. Although each deer stone is similar in composition, they vary greatly in height, with some being as short as 3 feet and others being as tall as 15 feet (0.9 to 4.5 meters tall). Typically, they vary between 11 to 31 inches (28 to 78 centimeters) in width and 7 to 16 inches (17 to 40 centimeters) in thickness.
There seems to be no rhyme or reason for the shapes of the stones; some have round tops while others have flat tops. In addition to these shapes, some of the deer stones have tops that are broken off, leaving their original shape unclear. Archaeologists are currently unsure whether these broken tablets once had portions of greater significance along their tops. Because of the type of destruction found on some of the deer stones, it is believed that some were intentionally damaged along the top for a currently unknown reason.
Archaeologists have determined that there are at least three distinct types of deer stones throughout Mongolia: classic Mongolian, western Asian-European, and Sayan-Altai. The classic Mongolian stones are described as detailed and elegant compared to the other two types. They typically depict images of belted warriors and flying red deer. They are typically found throughout northern Mongolia and southern Siberia.
West Asian-European deer stones depict unique shapes compared to the other two. They typically have large circles, ‘earring hoops,’ and necklaces engraved on them, as well as horizontal and diagonal divider lines. They may also have a collection of stone pits around them. Sayan-Altai deer stones are like a combination of classic Mongolian and western Asian-European. They are simple in design, but still contain more images than western Asian-European deer stones, including stick-like warriors, tools, and reindeer.
Although historians don’t have a full picture regarding the origin, purpose, or creators of the deer stones of Mongolia, they are an essential part of the puzzle. In the future, archaeologists will continue to uncover more deer stones, in hopes that some will provide further clarity about their purpose or the civilization that created so many of them. If you ever find yourself in Mongolia, be sure to check out these fascinating ancient masterpieces for yourself. (source: ancient origins)
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Enkh-Orgil Baatarkhuu Wins Season 1 Of ‘Road To ONE: Mongolia’ And US$100,000 ONE Championship Contract www.onefc.com

ONE Championship™ (ONE), the world’s largest martial arts organization, in conjunction with Steppe Link Holding, recently concluded a successful first season of Road to ONE: Mongolia that saw bantamweight Enkh-Orgil Baatarkhuu win a US$100,000 ONE Championship contract.
The 10-episode reality series featured two teams of the region’s top mixed martial artists competing for the opportunity to earn a spot on ONE’s roster, culminating with a pair of on-ground live events in Ulaanbaatar, Mongolia.
Baatarkhuu, who defeated Bat-Ochir Batsaikhan with a walk-off, one-punch knockout in the finale at Steppe Arena, was named the Season 1 winner of Road to ONE: Mongolia.
ONE Championship Vice President and MMA legend Rich Franklin presented Baatarkhuu with the prestigious six-figure contract. Franklin also awarded a “Warrior Bonus” to fellow competitor Davaajamts Batsuren for his submission victory during the finale.
“This was one of the best and most professionally run editions of the Road to ONE series that I have witnessed, and I’m very excited for Enkh-Orgil’s future,” Franklin said. “He is a special talent and a very deserving winner, and I expect him to make waves in ONE Championship.”
“I felt so many emotions after I won — happiness, fear, hope. But at the same time, I felt a great responsibility – a responsibility not to disappoint ONE Championship, the people of Mongolia, and the people who believe in me,” Baatarkhuu said.
ONE Championship will expand its search for the next greatest MMA superstar across the region with Road to ONE: Central Asia in 2023.
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