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

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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Mongolia to build a tourist complex in the Orkhon Valley www.news.mn

Türkiye and Mongolia signed an intergovernmental memorandum of cooperation in tourism and exchanged views on expanding cooperation in this field.
Ankara adopts relevant laws and decisions regarding tourism with a focus on sustainable development, and it is possible to increase the flow of foreign tourists to Mongolia through flights of Turkish Airlines.
The two ministers also exchanged views on the creation of a tourist complex in the Orkhon Valley in central Mongolia, construction of an airport, organization of tourist exhibitions, participation in conferences, and implementation of joint projects in the field of tourism.
For his part, Minister of Environment and Tourism, B.Bat-Erdene asked for cooperation and support in four areas: the organization of a forum, a joint exhibition of the 14th-century literature and history work Compendium of Chronicles, and construction of an international airport in the Kharkhorin town near the UNESCO World Heritage Site Orkhon Valley Cultural Landscape.
He also noted that the discovery of the ruins of a summer palace and settlement of the Mongolian ruler Hulegu Khan by a Mongolian researcher “opened a new page in the history of cultural relations” between Mongolia and Türkiye.
Diplomatic relations between the two countries were established in 1969, gaining new momentum with the opening of embassies reciprocally in Ankara and Ulaanbaatar in 1996-1997. Over 100 bilateral agreements have been signed so far to strengthen the legal basis of bilateral cooperation.
In 2011, Mongolia honored Türkiye with the “third neighbor” status, along with the US, EU, Japan, South Korea, and India.
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Foxconn: iPhone maker bets on electric truck firm Lordstown Motors www.bbc.com

Foxconn, which makes iPhones for Apple, says it is deepening its investment in a US electric pick-up truck firm, which could challenge Tesla's Cybertruck.
The technology giant is spending up to $170m (£147.8m) on shares in the loss-making start-up Lordstown Motors.
The major cash injection comes as the company aims to ramp up production of its debut model, the Endurance.
Lordstown recently began building the vehicle at a former General Motors plant in the US state of Ohio.
Under the deal, the world's biggest contract manufacturer of electronics bought a more than 18% stake in Lordstown, making it the biggest investor in the company.
"Since announcing our first transaction with Foxconn more than a year ago, it has been our objective to develop a broad strategic partnership that leverages the capabilities of both companies," Lordstown's executive chairman Daniel Ninivaggi said.
"Foxconn's latest investment is another step in that direction," he added.
The two companies also said they would jointly develop an electric vehicle together, although they did not give further details of the plan.
The tie-up came after the world's biggest electric carmaker Tesla, which is owned by multi-billionaire Elon Musk, was earlier this month reported by the Reuters news agency to be planning to start mass production of its Cybertruck at the end of 2023.
That would be two years after the original target for the highly-anticipated pick-up truck that Mr Musk unveiled in 2019.
Taiwan-based Foxconn's investment is the latest cash injection into Lordstown as it continues to run at a loss.
Separately on Monday, figures for the three months to the end of September showed a net loss of $154.4m, wider than the $95.8m loss the company reported for the same time last year.
Shares in Lordstown rose by almost 18% in extended trading in New York after the announcements.
Last week Foxconn agreed a deal with Saudi Arabia's sovereign wealth fund to produce electric vehicles in the kingdom.
The joint venture will operate under the brand name Ceer, which sounds like the Arabic word for "drive".
Ceer will license technology from Germany's BMW and aims to start selling its electric vehicles from 2025.
The deal is part of Saudi Arabia's push to move its economy away from its dependence on fossil fuels.
Last month Foxconn's chairman Liu Young-way said he hopes the company will one day make cars for Tesla as it ramps up electric vehicle manufacturing operation.
Speaking at the company's annual Tech Day, he said the firm aimed to replicate its success in manufacturing consumer devices as it expands into making electric vehicles for major motor industry brands.
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Chinese firm ploughs billions into 'white gold' rush www.rt.com

The Argentine foreign ministry has confirmed that Chinese mining company Tibet Summit Resources will invest $2.2 billion in two lithium exploration projects in the South American country.
The Shanghai-based company is expected to create around 10,000 jobs in Argentina, according to the statement released on Friday.
The ministry noted that the plans were shared by Jianrong Huang, the president of Tibet Summit Resources, with Argentine ambassador Sabino Vaca Narvaja at the China International Import Expo in Shanghai.
Under the plan, the Chinese firm will invest around $700 million into the Salar de Diablillos project in Salta province, which is expected to produce 50,000 tons of battery-grade lithium carbonate starting next year.
Meanwhile, another $1.5 billion will be used for construction of a plant at the Arizaro salt flat, also located in Salta, which is expected to produce between 50,000 and 100,000 tons of lithium carbonate by 2024.
Argentina, along with Bolivia and Chile, is part of the Lithium Triangle, a region of the Andes that accounts for around 54% of the world’s white metal reserves. Globally, the South American nation is ranked the fourth biggest lithium producer, after Australia, Chile and China, according to a report from the Argentine Chamber of Mining Entrepreneurs (CAEM).
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First INEOS GRENADIER retailer apppointed in Mongolia www.news.mn

INEOS Automotive has nominated MSM Group LLC as the distributor that will operate its sales and service network in Mongolia.
Combining rugged British spirit and design with German engineering rigour, the Grenadier is an uncompromising 4X4 built from the ground up. Engineered to overcome all conditions, it will deliver best-in-class off-road capability, durability, and reliability to those who depend on a vehicle as a working tool, wherever they are in the world.
The brainchild of INEOS Group Chairman Sir Jim Ratcliffe, the Grenadier features award-winning engines, a ladder-frame chassis, permanent four-wheel-drive, up to three locking differentials and solid beam axles. It is a blank canvas that provides the basis for buyers to easily select and configure their perfect Grenadier with a wide range of options and accessories.
“We have worked tirelessly for over a year to find distribution partners that share our enthusiasm and excitement for the Grenadier,” said Justin Hocevar, Head of Asia Pacific region, INEOS Automotive. “We have so far established a global network of more than 200 retail and service sites in over 70 markets, with partners who understand 4X4 users and their requirements, and have a proven track record for exceptional customer service. We are working with these partners to ensure they are ready to offer Grenadier customers and owners the advice, guidance and support they need.”
INEOS is working with distribution partners to set up their outlets and be ready to welcome customers in the coming months. That process includes an intensive INEOS training programme for the sales agents and workshop technicians.
“The selection of sales and distribution partners across the Asia Pacific region is an extremely important process,” Hocevar continued. “We are committed to working with partners who hold the right credentials to represent the INEOS Automotive brand, which is why we are extremely pleased to be working with MSM Group LLC in Mongolia”.
INEOS aims for the majority of customers in Asia Pacific to always be within a reasonable distance of an authorised sales and service location. Distribution partners will be responsible for the sale of vehicles, as well as facilitating test drives and supporting customer deliveries. The distributor will also form the backbone of the service network in the market, with quality customer-centric aftersales care.
“We are delighted to become the INEOS Automotive official distributor in Mongolia as MSM Group LLC strives to bring the highest international standards and technologies to our customers,” said Mark Gabel, CEO of MSM Group LLC. “INEOS Grenadier is an exciting new 4X4 and is highly anticipated among 4X4 devotees, and we are extremely happy to bring it to our customers in Mongolia.
 
 
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Sandvik wins 2022 Innovation Award for AutoMine® in Mongolia www.rocktechnology.sandvik

Sandvik Mining and Rock Solutions has received an Innovation Award for the best supplier of automation technology at the Oyu Tolgoi Supplier of the Year 2022 award ceremony. The company earned the award for the innovative implementation of its AutoMine® system at Oyu Tolgoi gold and copper mine, marking the first underground autonomous technology in mining operations in Mongolia.
Oyu Tolgoi installed and commissioned Sandvik’s AutoMine® Lite system within its underground production operations earlier this year. AutoMine® underground for loading and hauling is an automation system for autonomous and tele-remote operation of a wide range of Sandvik loaders and trucks. The scalable solution can provide tele-remote to fully autonomous operation for a single or multiple machines, including full fleet automation with automatic mission and traffic control capability.
“We are honored to have won this award for our AutoMine® system, which demonstrates Oyu Tolgoi’s commitment to using safer and innovative technology in its operations,” said Brad Clarke, Territory Manager and Managing Director, Sandvik Mongolia, Sales Area Southeast Asia at Sandvik Mining and Rock Solutions.
The Oyu Tolgoi awards honor the best suppliers of products and services working in the Mongolian mining sector. The ceremony took place at the Supplier Expo 2022, celebrating 100 years of mining in Mongolia, and recognized companies for their excellence in various categories.
“Our commitment to innovation is always customer focused,” said David Hallett, Vice President Automation, Sandvik Mining and Rock Solutions. “This award affirms our investment in more advanced, reliable and intelligent solutions for autonomous underground mining operations. This achievement is a result of a collaborative partnership between Oyu Tolgoi and Sandvik.”
“Together with the customer, we have put a lot of effort into developing our in-country automation competence,” said Jan-Douwe Wansink, Business Line Manager Automation, Sandvik Mining and Rock Solutions. “This award is a testament to the work our local team has put into making AutoMine® a success at Oyu Tolgoi, and we’re looking forward to continuing this journey.”
 
 
 
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Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout www.reuters.com

Turquoise Hill said it has once again postponed by a week its special shareholder meeting to vote on the proposed takeover by Rio Tinto on a request by the mining giant.
The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill that it does not own for $3.3 billion, initially scheduled for Nov. 1, was postponed to Nov. 8, and has now been pushed back to Nov. 15.
Turquoise Hill said Rio, which raised its offer to C$43-per-share, had postponed the meeting at the request of the financial regulator of Quebec and was in talks with the Canadian company’s special committee of independent directors and the regulator about the deal.
(By Gokul Pisharody; Editing by Dhanya Ann Thoppil)
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To survive a nuclear strike www.montsame.mn

During the 77th session of the United Nations General Assembly First Committee meeting on October 28, the UN confirmed Mongolia’s international security and nuclear-weapon-free status. Ambassador and Permanent Representative of Mongolia to the United Nations V. Enkhbold presented the draft resolution at this year`s First committee session. In his statement, Ambassador Enkhbold noted that this year marks the 30th anniversary of Mongolia’s nuclear-weapon-free status and that this internationally recognized status is Mongolia’s tangible contribution to building a world free of nuclear weapons. Furthermore, Ambassador highlighted the importance of the 2012 declarations by the five nuclear-weapon States on Mongolia’s nuclear-weapon-free status. Since 1998, the United Nations General Assembly has been considering and adopting a resolution on “Mongolia’s international security and nuclear-weapon-free status” biennially. At this year’s First Committee session, 46 Member States co-sponsored the resolution.
WHAT IS A NUCLEAR-WEAPON-FREE ZONE?
A nuclear-weapon-free zone refers to a country or region that is prohibited from using, testing, transporting, or developing nuclear weapons as part of a specific agreement. Previously, there were five Nuclear-Weapon-Free Zones (NWFZs), covering territories in most of the Southern Hemisphere and Central Asia except Mongolia. Antarctica has a special nuclear-weapon-free status as well.
The Treaty of Tlatelolco of 1967`s was the first treaty for the Prohibition of Nuclear Weapons in Latin America and the Caribbean. In the 40 years since the signing of this historic agreement, the following treaties including South Pacific (Treaty of Rarotonga, 1985), Southeast Asia (Treaty of Bangkok, 1995), Africa (Treaty of Pelindaba, 1996), and Central Asia (Treaty of Semipalatinsk, 2007), were established respectively and most of the populated areas of the Southern Hemisphere generally belong to the nuclear-weapon-free zone.
In addition, other treaties deal with the denuclearization of geographical regions. For example, the Antarctic Treaty (1959), the first arms control agreement established during the Cold War, set aside the continent as a scientific preserve, establishing freedom of scientific investigation, and banning military activity, because of the Antarctic accounts for 90 percent of Earth`s total ice volume and 70 percent of its fresh water; and the Seabed Treaty (1971) which is the treaty on the Prohibition of the Emplacement of Nuclear Weapons and Other Weapons of Mass Destruction on the Sea-Bed and the Ocean Floor and in the Subsoil thereof. However, the entire continent has been denuclearized by the Antarctic Treaty, while the Seabed Treaty covers only the South Pacific Ocean. Furthermore, the Outer Space Treaty, which was adopted in 1967, also contains provisions to keep outer space, including the Moon and Other Celestial Bodies, free from nuclear weapons and the Moon agreement (1979) as well.
MONGOLIA`S EFFORT TO BECOME A NUCLEAR-WEAPON-FREE ZONE
As for Mongolia, in September 1992, the country launched an initiative to become a nuclear-weapon-free zone and announced it internationally. While most countries can form nuclear-weapon-free zones with their neighbors, that is not an option for Mongolia, a landlocked country sandwiched between two nuclear giants, China and Russia. It thus declared itself a single-state nuclear-weapon-free area in 1992. So, Mongolia is the only country in the world with self-declared nuclear-weapon-free status and has achieved certain success in the field of recognition.
Mongolia has been making efforts to gain international recognition of its nuclear-weapon-free status, and as a result of these efforts, a decision supported by the United Nations General Assembly was made in 1998. On the occasion of the 20th anniversary of declaring as a NUCLEAR-WEAPON-FREE ZONE, Mongolia and the five States (Russia, China, the United States, the United Kingdom, and France) signed parallel declarations at United Nations Headquarters concerning security assurances in 2012.
In its declaration, Mongolia, based on its legislation of 2000, not only reaffirmed the general prohibitions implemented under the Treaty on the Non-Proliferation of Nuclear Weapons but also pledged not to station or transport nuclear weapons or parts or components of such weapons nor nuclear waste by any means through its territory and welcomed the pledges made by the five nuclear-weapon States in 2000 and on 17 September 2012.
NUCLEAR-FREE MONGOLIA A ‘SYMBOL OF PEACE IN A TROUBLED WORLD
In recent years, there have been demands and initiatives to establish a free zone of mass destruction and nuclear weapons. Especially in the Middle East, Central Europe, and South Asia, the issue of creating such a zone is being discussed. So, Mongolia is an example and a way of countries that cannot join the NUCLEAR-WEAPON-FREE ZONE due to its geographical location, but are interested in self-declaring the NUCLEAR-WEAPON-FREE status and ensuring its security.
The establishment of many nuclear-weapon-free zones affects the interests of countries interested in conducting tests on the territory of others due to their small territories. However, at a time when the danger of war is increasing day by day, the countries that are free of nuclear weapons are becoming more united, and ensuring their security by the current international legal norms has become a vital issue.
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Mongolia plants over 10 mln trees in 1 year to combat desertification www.xinhuanet.com

Mongolia has planted a total of 10.2 million trees across the country since the launch of its national tree-planting campaign "Billion Trees" last year.
Among the total planted trees, 1.3 million have been planted in and near the national capital Ulan Bator, which is home to over half of the country's population, local media reported on Monday, citing the Ministry of Environment and Tourism.
In October 2021, Mongolia launched the nationwide tree-planting campaign as the country's president Ukhnaa Khurelsukh told the United Nations General Assembly that the campaign aims to plant at least a billion trees by 2030 to combat desertification.
By the target year, the campaign is projected to increase the country's forest coverage to at least 9 percent and reduce carbon emissions by around 600,000 tons.
Desertification and land degradation have already affected 77 percent of Mongolia's total territory, only 7.9 percent of which is now covered by forests, according to the ministry.
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Chinese prosecutors order arrest of former Inner Mongolia court official www.xinhuanet.com

The Supreme People's Procuratorate has ordered the arrest of Hu Yifeng, former president of the Higher People's Court of the Inner Mongolia Autonomous Region and secretary of the court's leading Party members group, for suspected bribe-taking.
The National Commission of Supervision has completed an investigation into Hu's case and handed it over to prosecutors, the SPP said.
Further handling of the case is underway.
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Mining Minister becomes acquainted with operations of Yancoal mining company www.montsame.mn

The representatives led by Minister of Mining and Heavy Industry J. Ganbaatar visited Mount Thorley Warkworth coal mine of Yancoal mining company, which operates in the Hunter Valley of New South Wales, Australia, on November 2022.
This is the largest open-cut mine in the state that has been operating since 1982 and will continue to be used for another 16 years.
After becoming acquainted with the mine, the representatives met with management to exchange views and discuss the coal royalties in New South Wales, government policies aimed at supporting the operations of the companies in the mining industry, mine closure plans, related regulations, and enforcement, and ecological restoration practices.
The working visit of the Minister of Mining and Heavy Industry, J. Ganbaatar, to Australia has been organized successfully within the framework of the International Mining and Resources Conference (IMARC). During the visit, meetings were held with leaders in the mining industry, investors, and leaders of the best techniques, technologies, and innovations. He also studied experience, gave information to investors about the policy followed in the mineral resources field of Mongolia, had an open discussion, and sought investment opportunities for development.
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