1 BRITISH BUSINESS CENTRE OPENS A DOOR IN ULAANBAATAR WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/11/03      2 PM ZANDANSHATAR REVIEWS CONSTRUCTION PROGRESS OF OIL REFINERY PROJECT WWW.MONTSAME.MN PUBLISHED:2025/11/03      3 MONGOLIAN GOVERNMENT AND RIO TINTO AGREE TO REDUCE LOAN INTEREST RATE FOR OYU TOLGOI PROJECT WWW.MONTSAME.MN PUBLISHED:2025/11/03      4 JADE GAS (ASX.JGH) APPOINTS INDUSTRY VETERAN CHRIS NEWPORT AS MANAGING DIRECTOR WWW.NEWSHUB.MEDIANET.COM.AU PUBLISHED:2025/11/03      5 102-KM DAM CANAL TO BE EXPANDED WITH FINANCING FROM WORLD BANK WWW.MONTSAME.MN  PUBLISHED:2025/11/03      6 MONGOLIA AND UK CONDUCT JOINT STUDY ON CYBERSECURITY RISKS WWW.MONTSAME.MN PUBLISHED:2025/11/02      7 RUSSIA, MONGOLIA TO UPGRADE ROAD & RAIL CORRIDORS AND INCREASE FREIGHT TRANSIT WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2025/11/02      8 MONGOLIA UPGRADED TO 'BB-' ON SUSTAINED FISCAL CONSOLIDATION AND STRONG GROWTH; OUTLOOK STABLE WWW.SPGLOBAL.COM PUBLISHED:2025/10/31      9 GOVERNMENT OF MONGOLIA LAUNCHES NEGOTIATIONS WITH RIO TINTO WWW.MONTSAME.MN PUBLISHED:2025/10/31      10 MONGOLIA COURT UPHOLDS GOVERNMENT’S TERMINATION OF QSC CONCESSION, CITING “PUBLIC INTEREST” WWW.EGUUR.MN PUBLISHED:2025/10/31      BRITISH BUSINESS CENTRE ҮҮД ХААЛГАА НЭЭЛЭЭ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/11/03     ЭНЭ САРД ХОЁР УДАА БҮХ НИЙТЭЭР АМАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/03     ДЭЛХИЙН БАНКНЫ САНХҮҮЖИЛТЭЭР 102 КМ ДАЛАН СУВАГ ӨРГӨТГӨНӨ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/02     “ОЮУ ТОЛГОЙ” КОМПАНИЙН ГҮЙЦЭТГЭХ ЗАХИРАЛ ДЭЙРДРЭ ЛИНГЕНФЭЛДЕРИЙН МОНГОЛ УЛСЫН УУЛ УУРХАЙН САЛБАРТ ОРУУЛСАН ХУВЬ НЭМРИЙГ ҮНЭЛЭН “НАЙРАМДАЛ МЕДАЛЬ”-ААР ШАГНАЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     ЧИНГЭЛТЭЙ ДҮҮРГИЙН 300 АЙЛ НОГООН ХАЛААЛТЫН СИСТЕМД ХОЛБОГДОЖ ЭХЭЛЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     102 АППЛИКЭЙШНЭЭР ЗӨРЧИЛ МЭДЭЭЛСЭН ИРГЭНД ТОРГУУЛИЙН 10-20 ХУВИЙГ ОЛГОНО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/02     ЭРЧИМ ХҮЧНИЙ ШӨНИЙН ТАРИФЫН ХӨНГӨЛӨЛТ ӨНӨӨДРӨӨС ХЭРЭГЖИЖ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/02     S&P АГЕНТЛАГ ЗАСГИЙН ГАЗРЫН ТӨСВИЙН БОДЛОГЫГ ЭЕРГЭЭР ҮНЭЛЖ, ТОГТВОРТОЙ ҮРГЭЛЖЛҮҮЛЭХ НЬ ЗҮЙТЭЙ ГЭВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/31     ОЮУ ТОЛГОЙ ТӨСЛИЙН ХУВЬ НИЙЛҮҮЛЭГЧДИЙН ЗЭЭЛИЙН ХҮҮГ ХЭЛЭЛЦЭХ ЭЭЛЖИТ 7 ЖИЛИЙН ХУГАЦААГ ҮЛ ХАРГАЛЗАН ХЭЛЭЛЦЭЭРИЙГ ҮРГЭЛЖЛҮҮЛЭХЭЭР БОЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Э.ШИЖИР: “НИЙТИЙН ЭРХ АШИГ” НЭРИЙН ДОР ХУВИЙН ХЭВШЛИЙН ЭРХИЙГ ЗӨРЧИЖ БОЛОХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31    

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

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Mongolia Achieves Remarkable Tourism Milestone With Over Six Hundred Thousand International Visitors In 2025, Led By High Demand From China, Russia, And South Korea www.travelandtourworld.com

In 2025, Mongolia experienced a significant surge in tourism, attracting over six hundred thousand foreign visitors, largely driven by travelers from China, Russia, and South Korea. This increase highlights the country’s growing appeal as a travel destination, fueled by its unique cultural heritage, vast landscapes, and seasonal attractions. The government’s continued efforts to diversify the economy and promote year-round tourism have played a key role in driving this growth, making Mongolia an increasingly popular destination for international tourists.
In the first eight months of 2025, Mongolia saw a remarkable influx of 600,699 international visitors, according to official figures from the Mongolian Tourism Organisation. This surge underscores the growing appeal of the country as a travel destination, drawing tourists from key markets such as China, Russia, and South Korea, which together formed the bulk of foreign arrivals.
Traditionally, Mongolia’s economy has been heavily reliant on its mining industry, particularly the extraction and export of mineral resources. However, the government recognizes the potential of tourism as a vital sector for economic diversification. By promoting tourism, the country aims to enhance its international competitiveness and create a more balanced economy that is less dependent on mineral exports.
In a bid to further bolster its tourism sector, the government has extended the “Years to Visit Mongolia” campaign through 2028. This initiative is designed to encourage year-round tourism by highlighting the country’s diverse offerings across all four seasons. Mongolia’s vast landscapes, rich cultural heritage, and unique traditions make it an attractive destination for a wide variety of travelers, whether they are seeking adventure, nature, or history.
As part of the broader strategy to support the tourism industry, Mongolia has set an ambitious target of reaching 2 million international visitors by 2028. This goal aligns with the “Go Mongolia” initiative, which promotes the country as a must-visit destination for global travelers. To achieve this, the government is focusing on improving infrastructure, promoting unique cultural experiences, and ensuring that visitors have access to a wide range of activities throughout the year.
The tourism sector has already seen impressive growth. In 2024, Mongolia welcomed 727,400 foreign visitors, which contributed a significant 1.6 billion U.S. dollars to the country’s economy. This figure represents the increasing importance of tourism as a key driver of national revenue. With a diverse and evolving range of experiences available to tourists, the outlook for Mongolia’s tourism industry is promising.
The country’s pristine natural beauty, including the vast steppes, dramatic mountain ranges, and expansive deserts, appeals to travelers seeking outdoor adventures. Mongolia’s long-standing traditions, such as the iconic Naadam Festival and its unique nomadic lifestyle, also attract cultural tourists eager to experience the country’s rich heritage. By expanding tourism offerings across all seasons, the government hopes to create a year-round destination that attracts visitors at all times of the year, from winter sports enthusiasts to those looking to experience the country’s summer festivals.
As part of its growth strategy, Mongolia is also focusing on improving the infrastructure necessary to support an expanding tourism industry. This includes investments in transportation networks, accommodations, and other essential services. The government is also making efforts to promote sustainable tourism practices to ensure that the country’s natural beauty is preserved for future generations.
With the continued expansion of the “Go Mongolia” initiative, Mongolia is positioning itself to become a top global destination. By tapping into emerging markets and enhancing its tourism appeal, the country is poised for significant growth in its tourism industry. As international visitors flock to the country in greater numbers, the tourism sector is expected to play an increasingly important role in shaping Mongolia’s future economic landscape.

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Mongolia Inflation Rate at 5-Month High www.tradingview.com

The annual inflation rate in Mongolia rose to 8.8% in August 2025 from 8.1% in the previous month.
This marked the highest reading since March, as prices accelerated for food and non-alcoholic beverages (9.9% vs 6.4% in July), health (6.2% vs 5.2%), transport (3.6% vs 2.9%), restaurants and hotels (12.8% vs 12%), alcoholic beverages and tobacco (4.9% vs 4.3%), and communication (1% vs 0.8%).
On the other hand, costs moderated for education (12.8% vs 18.2%), clothing and footwear (8.4% vs 9.1%), furnishings, household equipment and tools (5.8% vs 6.3%), recreation and culture (5.6% vs 6%), miscellaneous goods and services (8.6% vs 10%), and housing and utilities (19.8% vs 19.9%).
Additionally, prices were stable for insurance and financial services (15.3%).
On a monthly basis, consumer prices rose 1.6% in August, rebounding from a 0.1% decline in the previous month.

 

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Tradition And Technology: Lessons From Mongolia For Driving Inclusive Growth www.forbes.com

Mongolia’s vast steppes and nomadic heritage have long shaped the rhythms of life. Today, these traditions are evolving by the quiet revolution of digital finance. Where once nomads carried maps in their memory, now they navigate mobile apps.
Banks once meant distant branches, now they mean real-time access—even from remote pastures. According to our 2024 annual report, 99.4% of all banking transactions in Mongolia were conducted digitally in 2023. This is not just modernization; it is localization—technology woven into the cultural and geographic fabric of a nation.
The following lessons show how global banking leaders can use technology and tradition to drive real economic impact from remote communities to corporate boardrooms.
1. Use technology to connect and grow rural economies.
To extend business into remote areas, fostering digital literacy is crucial. Leaders should forecast infrastructure gaps and fluctuating demand cycles, and implement flexible risk management. This approach moves beyond simply delivering products to creating sustainable inclusion that drives growth well beyond the fields.
For example, Mongolia’s agricultural sector is central to both livelihoods and national growth. Khan Bank finances this sector with seasonal and investment loans, crop insurance and tailored products that meet the realities of herders and farmers.
Our reach—serving 2.9 million customers nationwide—ensures that even the most remote households are part of the country's economic story. Digital tools like mobile apps, SMS banking and digital wallets help users overcome geographic barriers, enabling even remote households to take part in the economy.
2. Build trust by designing financial systems around users.
According to the World Bank, about 1.4 billion adults globally were unbanked in 2021. Among the main reasons cited were lack of money, lack of documentation, lack of trust in financial institutions and distance to financial institutions.
Mongolia’s experience suggests that trust is the true currency of inclusion. AI-powered tools can reduce friction, but only if they speak your language. User-friendly interfaces are informed not by global UX trends, but by local user behavior: cash-heavy habits, seasonal incomes and intermittent connectivity.
In short, financial design is cultural design. And digital trust is earned when systems mirror the worldviews of those they serve.
3. Leverage green finance to drive sustainable growth.
Green financing is rapidly reshaping industries worldwide, offering businesses not just capital, but a competitive edge in a sustainable-driven market. Leaders looking to leverage it can start by aligning with global and national sustainability goals, as investors increasingly prioritize projects with measurable environmental and social impact.
For example, in 2024, Khan Bank broke new ground by securing financing from international sources, including green, social and gender-focused capital. These funds are now regenerating forests, powering homes with renewable energy and supporting women-led businesses across rural Mongolia.
By the end of the year, Khan Bank held over 52% of the country’s total green loan portfolio. Such initiatives reflect how green finance is not only transforming rural livelihoods but also advancing Mongolia’s broader national strategy for sustainable, inclusive growth.
Green finance isn’t just for environmental projects—it’s also a strategic tool for future-proofing businesses across sectors, from manufacturing to tech to agriculture. Those who move early position themselves not only as beneficiaries of change but as drivers of it.
4. Enable economic participation without forcing migration.
In Mongolia, “digital nomads” are not globe-trotting freelancers, but herders and farmers connected to solar-powered Wi-Fi. Mongolia’s solar-powered Wi-Fi and mobile payments allow herders to thrive economically without abandoning their way of life.
This illustrates how businesses can innovate in ways that respect culture while driving inclusion. Herders are using mobile payments for livestock sales. Teenagers in yurts are learning to code. Technology, in this sense, is not an escape. It is an anchor—a way for young Mongolians to stay rooted while still reaching outward. For banks, this presents a powerful opportunity to fuel economic participation without requiring urban migration or cultural loss.
Integrate measurable outcomes into your strategy. Governments and international partners increasingly prioritize projects that deliver tangible economic, social and environmental results. Demonstrate how your business contributes to job creation, productivity gains or carbon reduction to strengthen both your growth prospects and your license to operate.
When businesses align their ambitions with national progress, they stop being just market participants—they become growth partners. And in doing so, they can secure not only profitability but also relevance in a world where shared prosperity defines long-term success.
A Vision For The Future
Mongolia may be remote, but its experience offers global lessons:
• Design systems that work in low-connectivity, low-density areas.
• Let culture lead. Trust grows when technology adapts to users, not the other way around.
• Regenerate, don’t just grow. True leadership now demands more than profit—it demands stewardship of the land, the people and the generations to come.
In this era of transformation, the best banks will be those that ask not how fast they can grow, but how deeply they can serve.
A Legacy Beyond Ledgers
As Mongolia marks over 100 years of formal banking, a new story is unfolding—one that’s not measured in transactions alone, but resilience shared and futures shaped. For today’s banks, this means shifting focus from short-term returns to long-term resilience and financing industries that sustain communities, supporting inclusive economic growth, and designing technology that respects and uplifts its users. By asking harder questions—"Does our growth restore what matters?" "Does our innovation truly serve people?"—banks can build enduring trust.
Those who prioritize impact over image become institutions their societies rely on—not just for transactions, but for stability and generational progress. True progress isn’t measured by towering headquarters; it is seen in rural businesses flourishing, herders gaining access to credit, and digital tools reaching communities once beyond the financial system.
For global banking leaders, the long-term benefits of this approach are unmistakable: trust that endures through crises, loyalty that cannot be bought and a legacy that outlasts any product cycle. Leaders who embrace this mindset do more than command markets—they help shape a future in which finance becomes a force for shared prosperity.
By Munkhtuya Rentsenbat  is the CEO of Khan Bank.

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Edelman launches global brand film to elevate Mongolia on the world stage www.campaignbriefasia.com

A new national brand film for Mongolia, “Go Mongolia,” has been launched to international audiences and is now streaming on global news outlets and digital platforms. The 2.5-minute film, created by Edelman, is designed to elevate Mongolia’s global profile while fostering national pride, showcasing the country’s majestic landscapes, rich cultural heritage, and dynamic economic potential. It positions Mongolia as a compelling destination for tourism, trade, and cultural exchange.
The film reflects a strategic effort to unify Mongolia’s tourism, trade, and cultural sectors in a single narrative. “The challenge was to capture the energy and dynamism of a youthful nation re-emerging onto the world stage, while also rallying internal pride,” said Tim Green, Chief Creative Officer, APAC at Edelman.
The creative concept emerged from immersive cultural experiences in Mongolia. “It literally emerged from within Mongolia—it’s in the name. It’s a driven nation with ‘Go’ at its heart, both literally and figuratively,” Green added. It positions Mongolia as a place to go explore, go invest and go create, while also serving as a rallying cry to instill pride among Mongolians themselves.
To capture the nation’s essence with authenticity, the film’s production involved extensive collaboration with the Mongolian Ministry of Culture, Trade and Tourism, government ministries and local creator communities. From animators and bloggers to business leaders and cultural institutions like the National Theatre, Mongolian voices shaped the campaign’s narrative. Designers of the national Olympic uniforms, Michel and Amazonka, contributed all the wardrobe for the film, ensuring cultural authenticity with a modern edge.
“It was important for us to hand the concept over to the people of Mongolia and let them give it meaning,” said Green. “We launched across different fields—from fashion shows in Paris to international partnerships like Mongolia’s sponsorship of Fulham Football Club—showing how ‘Go’ works on the world stage and reflects who the people of Mongolia are.”
The film is part of a broader strategic campaign, a long-term nation-branding initiative launched in 2023. Edelman led the creative direction, scripting, and production, working closely with Mongolia’s ministries to ensure the film reflected both external ambitions and internal spirit.
“This is another example of how Edelman brings to life integrated thinking at the intersection of culture, commerce, and creativity,” added Green. “It’s a piece of work that instils trust in a unique country sitting at an interesting crossroads in the heart of Asia.”
Since Edelman launched the Go Mongolia brand, the country has seen a significant rise in global visibility. It climbed fourteen places in the Brand Finance Global Soft Power Index, recorded its highest-ever tourism revenues, and was named by Lonely Planet as the number one destination in its Best in Travel 2024 guide. The campaign has also driven cultural diplomacy, from Mongolia’s partnership with Fulham Football Club to its showcase at the Paris Olympics, while strengthening foreign investment and international connectivity through milestones such as United Airlines’ first-ever direct route from the United States.
The release of the nation branding film marks a new chapter in Mongolia’s long-term soft power strategy. By fusing cinematic craft with strategic storytelling, Edelman has helped the country project a unified national identity—one that celebrates its traditions while positioning it as an ambitious and globally engaged partner for the future.

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China, Russia, Mongolia step up security ties with border exercise www.reuters.com

China, Russia and Mongolia held their first joint border defence drills this week, the Chinese military said on Tuesday, underscoring closer security coordination among the three neighbours.
The exercise, called "Border Defence Cooperation - 2025", took place on Monday and Tuesday in an unidentified border region shared by the three countries, the People's Liberation Army said in a post on its official Weibo account.
The live drills aimed to "enhance strategic cooperation among the three sides, strengthen the ability to deal with border security threats, and further consolidate strategic mutual trust," the military said.
During the exercises, a joint command post was set up on Chinese territory operating under the principle of "whoever's territory, that side takes the lead, with multilateral consultation and parallel command," the Weibo post said.
The manoeuvres came on the heels of a trilateral meeting among leaders of the three countries in Beijing on September 2, a day after Chinese President Xi Jinping hosted more than 20 leaders of non-Western countries for the Shanghai Cooperation Organisation (SCO) summit as he pushed for a new global security and economic order.
Mongolia has refrained from joining the SCO, choosing to be an observer state since 2004 even as other nations such as India, Pakistan and Iran became full-fledged members.
Beijing has continued to nudge its smaller neighbour to take up membership in the grouping of 10 nations.
Reporting by Ethan Wang and Ryan Woo; Editing by Jamie Freed

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Mongolia and Uzbekistan consider cooperation in uranium mining www.akipress.com

General Director of Overseas Geology Company of Uzbekistan Khayitboy Omanov and Chief Geologist of the Institute of Uranium and Rare Metals Geology at Navoiyuran JSC Khusniddin Olovov held talks with representatives of Mon-Atom and Adamas Mining of Mongolia, Trend reportedjavascript:mctmp(0);.
The sides discussed synergies in the geological sector, specifically the feasibility of collaborative uranium extraction at the Adamas Mining-operated deposits in Mongolia, in conjunction with executing geological surveys in these locales and adjacent regions.
The stakeholders have reached a consensus to facilitate the reciprocal transfer of extant geological datasets and documentation, undertake a comprehensive evaluation of the materials, and formulate pertinent inferences.
Stakeholders articulated a robust assurance that collaborative initiatives would yield substantial advancements in the regional economic landscape and scientific innovation.
Across the fiscal continuum from 2019 to 2024, the bilateral trade turnover experienced an exponential escalation, amplifying from $1.9 million to $20.4 million.

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Khuvsgul province reports one death from bubonic plague and 88 quarantined www.gogo.mn

Authorities in Khuvsgul province have confirmed one death from bubonic plague and placed 88 people under quarantine. 
Murun and Tsagaan-Uul soums have been placed on high alert for one week starting from September 7 following the registration of plague cases. During this period, schools and kindergartens have shifted to online learning, and all public events have been suspended until September 14, 2025.
Movement out of the two soums has been restricted until September 10, with exceptions granted for health emergencies, official duties, charitable activities, and funerals, provided relevant documentation is submitted.
In addition, shopping centers, bars, and restaurants have been ordered to suspend operations for three days as part of the containment measures.

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Power of Siberia 2: Ulaanbaatar Gas Supply Project Highlighted at 10th Eastern Economic Forum www.montsame.mn

The 10th Eastern Economic Forum (EEF) in Vladivostok, the Shanghai Cooperation Organization (SCO) Summit in Tianjin, and the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression in Beijing were not only major geopolitical events but also strategically interconnected.
During these gatherings, the Heads of State of Mongolia, Russia, and China reached a landmark agreement on the construction of the “Power of Siberia 2” gas pipeline. In parallel, Russia’s Gazprom and China’s National Petroleum Corporation (CNPC) signed a legally binding memorandum to lay a gas pipeline through Mongolian territory, further cementing trilateral energy cooperation.
During the 10th Eastern Economic Forum (EEF) held in Vladivostok under the theme “The Far East: Cooperation for Peace and Development”, Mongolian Prime Minister Zandanshatar Gombojav met with Russian President Putin for a bilateral discussion. President Putin noted that energy cooperation had been a central focus during his earlier talks with Mongolian President Khurelsukh Ukhnaa in Beijing, underscoring the strategic importance of trilateral engagement among Russia, Mongolia, and China.
Both the EEF and the preceding SCO summit have proven highly beneficial for Mongolia, facilitating regional dialogue and advancing joint initiatives in energy infrastructure, including the Power of Siberia-2 gas pipeline and the Ulaanbaatar gasification project.
Mongolia, Russia, and China have reached a long-awaited agreement on the Power of Siberia 2 gas pipeline, representing a major advancement in trilateral cooperation. In addition, the three countries signed a memorandum of understanding in Vladivostok to jointly support the Ulaanbaatar gasification project.
The memorandum was signed by Mongolian Deputy Prime Minister Amarsaikhan Sainbuyan and Deputy Chairman of the Gazprom Management Committee Vitaly Markelov during Prime Minister Zandanshatar’s meeting with Gazprom executives. The agreement outlines a joint effort to study the feasibility of introducing natural gas infrastructure in Ulaanbaatar, a city currently struggling with air pollution and energy sustainability challenges.
The construction of the Power of Siberia 1 pipeline through China’s Heilongjiang province required the development of new gas fields on the Russian side, involving extensive infrastructure work and investment. In contrast, Power of Siberia-2 will utilize existing deposits. Eliminating the need for new extraction. A distinctive feature of this project is that the pipeline is planned to be laid underground across the Mongolian steppes, a region known for its harsh natural climate and challenging terrain.
During his bilateral meeting in Vladivostok, the legal framework of the Power of Siberia 2 gas pipeline project has been resolved, but an equally critical phase involves securing the investment for its implementation. Discussions are now focused on financing strategies and determining the ownership structure among Mongolia, Russia, and China. A joint working group with representatives will be formed to oversee these negotiations. According to sources, the group’s first meeting is expected to be held in Ulaanbaatar.
The Power of Siberia 2 gas pipeline is a strategic priority for Mongolia. The project is expected to generate substantial revenue for the state budget, create thousands of jobs, and help reduce air pollution in Ulaanbaatar – a persistent challenge for the capital. Additionally, access to the ports of Russia’s Far East remains vital for Mongolia, a landlocked country aiming to expand its trade and energy transit routes.
Professor Ulambayar Denzenlkham, Doctor of Science and Professor of International Studies at the University of Humanities of Mongolia, highlighted the long-term impact of the Eastern Economic Forum (EEF), which has been held annually in Russia’s Far East from 2015 to 2025. He noted that over 2,740 agreements were signed during this period, including 314 agreements in 2014 alone, valued at RUB 5.5 trillion, or approximately USD 68 billion. Participation also grew significantly, with over 1,500 delegates from 25 countries in 2016 and more than 7,000 delegates from 75 countries in 2025.
Professor Ulambayar emphasized the progress made in expanding port capacity in the Russian Far East, a point echoed by President Vladimir Putin during the forum’s plenary meeting. The president referred to infrastructure, including roads, railways, and energy systems, as the ‘main artery’ of economic growth, and credited the forum with driving development and connectivity in the region.  
The planned route of the Power of Siberia 2 gas pipeline through Mongolian territory is considered vital to Mongolia’s energy future and broader economic development.
Since 2016, Mongolia has actively participated in the Eastern Economic Forum, with four presidential-level attendances and seven high-level delegations led by the Prime Minister, Deputy Prime Minister, and key ministers. This consistent engagement reflects Mongolia’s growing interest in the forum’s role in promoting regional cooperation, investment, and strategic partnerships.
During the bilateral meeting at the 10th EEF, Russian President Vladimir Putin described Mongolia as “Russia’s most reliable partner in the Asia-Pacific region”. The statement, made shortly after the trilateral summit in Beijing, highlights the strategic importance of Mongolia in regional energy and infrastructure initiatives.

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Mongolia's exports fall 13.8 pct in 8 months www.xinhuanet.com

Mongolia exported goods and raw materials worth 9.1 billion U.S. dollars in the first eight months of 2025, down 13.8 percent from a year ago, official data showed on Monday.
Mining commodities, such as copper, iron ore and unprocessed or semi-processed gold, constituted 93 percent of Mongolia's total exports during the period.
Meanwhile, goods and raw materials worth 7.5 billion dollars were imported into Mongolia, down 0.3 percent year-on-year.
Some 18.3 percent of imports were petroleum products, and 11 percent were passenger cars, the data showed.

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New copper deposit with 357 million tons of ore discovered in Mongolia www.akipress.com

 A newly identified mineral deposit, known as 'Oyut', has been discovered within the territories of Bayan-Undur and Jargalant districts, located in Orkhon province, Mongolia, Montsame reported.
Preliminary geological exploration has revealed that the Oyut deposit holds an estimated 357 million tons of ore reserves. This positions it as a potential asset comparable in scale to Erdenet, Mongolia's largest copper and molybdenum ore mining operation.
Prime Minister of Mongolia Zandansahtar Gombojav attended the official opening and preparatory activities for the operational launch of the newly discovered Oyut copper deposit on September 7.
The Prime Minister has authorized a feasibility study for the construction of a concentrator designed to process 5 to 10 million tons of ore per year at the Oyut deposit.
Early estimates suggest the deposit could support operations for 30 to 35 years, marking it a long-term strategic resource. Initial geological exploration was independently conducted by specialists from the Erdenet Mining Corporation, whose senior engineers will oversee the project’s design and construction.
PM emphasized Mongolia's constitutional commitment to equitable resource distribution, stating that the benefits from subsoil resources shall be consolidated into the National Sovereign Wealth Fund and fairly allocated to all citizens.
The Oyut copper deposit is situated approximately 8 kilometers from the Erdenetyn-Ovoo deposit, the basis of the Erdenet Mining Corporation, and just 3 kilometers from the infrastructure of the Industrial and Technology Park near Erdenet city.
The launch of operations at the Oyut deposit is expected to make a substantial contribution to the Sovereign Wealth Fund. It will also serve as a key driver of socio-economic development in Erdenet city, Orkhon aimag, the Northern region, and Mongolia as a whole.

 

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