1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

Category

Events

Events

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

NEWS

64x64

Mongolia: Prioritise increasing citizen awareness of right to privacy, says expert www.ohchr.org

GENEVA – The enactment of the Law on Personal Data Protection in Mongolia is a step in the right direction and comprehensively updates the legal framework in which privacy and data protection are safeguarded, a UN expert said today, while urging further amendments to its enforcement mechanism.
“I encourage the Government to close the digital divide in its population, specifically with vulnerable groups, to increase awareness. There are many challenges ahead and a lot of work to be done but a key element, the political will, is present,” said Ana Brian Nougrères, UN Special Rapporteur on the right to privacy in a statement, after a seven-day visit to the country.
“The Government has prioritised digitalisation and a move towards an e-based society but acknowledges there are challenges and limited financial resources,” she said. “There is an urgent need for a corresponding shift in the mindset of the people so they view the right to privacy as a fundamental human right.”
The Special Rapporteur examined privacy issues in relation to personal data protection, including health data, cybersecurity, surveillance, oversight mechanisms and remedies, new and emerging technologies and privacy concerns of vulnerable groups.
Mongolia is facing a real challenge to effectively respond to cybersecurity attacks and needs to develop more robust safeguards.
“Technological innovation is important but it must be embraced using a human rights-based approach, putting individuals at the centre of all technological advancements, to mitigate the risks and elevate digital literacy so citizens can better safeguard their right to privacy,” the expert said.
The expert stressed the importance of awareness, education, transparency, multi-stakeholder cooperation, harmonisation and standardisation at the international level, and believes the Government is motivated to rise to this challenge.
The Special Rapporteur met with officials, national institutions, civil society, academics, business leaders and the UN Country Team in Ulaanbaatar and Nalaikh.
She will submit her report on the visit to the UN Human Rights Council in March 2026.
Dr. Ana Brian Nougrères is the Special Rapporteur on the right to privacy.
The Special Rapporteurs are part of what is known as the Special Procedures of the Human Rights Council.
Special Rapporteurs/Independent Experts/Working Groups are independent human rights experts appointed by the United Nations Human Rights Council. Together, these experts are referred to as the Special Procedures of the Human Rights Council. Special Procedures experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. While the UN Human Rights office acts as the secretariat for Special Procedures, the experts serve in their individual capacity and are independent from any government or organization, including OHCHR and the UN. Any views or opinions presented are solely those of the author and do not necessarily represent those of the UN or OHCHR. Country-specific observations and recommendations by the UN human rights mechanisms, including the special procedures, the treaty bodies and the Universal Periodic Review, can be found on the Universal Human Rights Index https://uhri.ohchr.org/en/

...


64x64

SME Development Fund Now Accepting Soft Loan Applications www.montsame.mn

The Small and Medium-Sized Enterprise Development Fund of Mongolia is now accepting applications for its 2025 soft loans.
According to the Regulation on “Granting Soft Loans, Selection, Loan Transfer, Repayment, and Monitoring by the Small and Medium-Sized Enterprise Development Fund” approved by a Government Resolution, applications for loans will be open for one month starting on April 14, 2025.
The soft loan has an interest rate of 5 percent per annum and a maturity rate of up to five years, with the possibility of spending 40 percent of the primary investment as assets. These loans will be granted to manufacturing and service enterprises that have moved from urban to rural areas, employed workers who have transferred to rural areas, produce goods that replace imported goods, export-oriented clusters, and also enterprises that produce enriched, organic, and innovative products.
The Small and Medium-Sized Enterprise Agency of Mongolia announced that enterprises that are part of the raw materials in the food supply chain, mining products procurement, introduce comfortable road-side services, and operate under the “White Gold” National Movement, “Atar-4” Sustainable Agriculture Campaign, and the “New Cooperative” Movement are eligible to apply.
Applications will be received based on the terms and conditions of the soft loans, sector, and area of operations, at the Food and Agriculture Departments of Darkhan, Selenge, and Tuv aimags. Loans will be accepted based on close examination by a selection sub-committee. Applications can be digitally submitted at www.sme.gov.mn.

...


64x64

Mongolia announces two and a half months fishing ban www.xinhuanet.com

Mongolia announced a two-and-a-half-month ban on fishing to conserve fish stocks in rivers and lakes during their breeding period, the Ecological Police Department said Monday.
The fishing ban will remain in force until June 15, the department said in a statement.
According to the country's law on fauna, Mongolia has imposed restrictions on catching all kinds of fish for a total of 75 days every year for proper breeding, production, preservation and sustainable collection of fish in some rivers and lakes of Mongolia, it said.
Violation of fishing rules entails the imposition of an administrative fine on citizens in the amount of 300,000 tugrik (more than 84.8 U.S. dollars) and on legal entities in the amount of 3 million tugrik (848 dollars)

...


64x64

"Mongolia is a market brimming with untapped potential" www.mumnet.com

In August 2024, Nyambaatar Purevdorj was appointed Managing Director of the new country unit M&M Militzer and Muench Mongolia LLC. In this interview, he talks about the Mongolian logistics market, the development of Militzer & Münch’s business in his country, and why logistics is his passion.
Mr. Purevdorj, in August last year you took on your new role, becoming one of the youngest Managing Directors of the Militzer & Münch Group at the age of 33. How have you been getting on in your first few months in the job?
As this is my first position as Managing Director, I have gained a lot of new experiences in the last few months. It was a big challenge at the beginning, but it has also been a very fulfilling task from the outset. I am grateful to my superiors and colleagues for providing me with valuable support during this time. Friends and family often describe me as a passionate person. Being passionate helps me to overcome all the challenges I face in my new role.
How would you describe the Mongolian logistics market?
Compared to the markets of the major global powers, Mongolia is a smaller market but offers numerous untapped opportunities. There are several well-established routes into and out of the country that importers and exporters are keen to use. Mongolia’s most important trade partners are its immediate neighbors. Since Mongolia is one of the countries with the largest mineral resources, some of its main export commodities are coal, fluorspar and iron ore, as well as cashmere wool. Key imports are petroleum products, machinery, vehicles, electronic products and foodstuff.
How does Militzer & Münch operate in Mongolia?
Militzer & Münch Germany has had an office in Ulaanbaatar since 1992. So, we have been operating in Mongolia for more than 30 years. So far, we have been particularly strong in the LTL transport sector. In July 2024, we expanded by opening our own country unit, M&M Militzer and Muench Mongolia LLC. Since then, we have expanded our services to include all modes of transport and are no longer limited to road freight and domestic services. We are currently in the process of establishing ourselves as experts in transit through Mongolia, adding this important field to Militzer & Münch’s already extensive global network. One of our main goals is to further expand our market share in traffics to and from Mongolia.
What do you particularly like about your work?
Logistics is a challenging field, and I see it as my profession and my calling at the same time. I always say that there are always opportunities in the midst of chaos.  Most of all, I enjoy the sense of achievement that comes when you overcome particularly difficult obstacles.
At Militzer & Münch, I particularly appreciate the company’s precise decision-making and ability of the M&M Group to take on any project, no matter how difficult. We have a remarkable 145 years of experience in logistics, and it shows. I am very proud to represent Militzer & Münch to our customers and to demonstrate our commitment to excellence. The corporate culture is perfectly aligned with my personal values. What counts here, is clear communication, and recognition for good performance.

...


64x64

Tugrug's Exchange Rate Projected to Stabilize www.montsame.mn

The Bank of Mongolia is focusing on reducing fluctuations caused by the supply and demand imbalance, as the pressure on tugrug’s depreciation caused by the balance of payments deficit has been increasing in the first quarter of 2025.
The pressure on the depreciation of the tugrug is expected to decrease based on factors including the reduction in the balance of payments deficit, the depreciation of the US dollar in international markets, and the increase in the relative return of the tugrug.
As of March 2025, the balance of payments deficit is projected to be USD 616.3 million. The Bank of Mongolia announced that the decline in coal exports contributed to the balance of payments deficit.

...


64x64

Australian operator eyes LNG project to exploit Mongolian unconventional gas www.upstreamonline.com

Australian junior Jade Gas has come up trumps with its recent production drilling campaign on the Red Lake coal seam gas (coalbed methane) field in the South Gobi region of Mongolia, and is eyeing near-term commercialisation opportunities via a compressed natural gas (CNG) project.
Jade on Friday said that horizontal drilling successfully completed at second gas production well intersected an 800 metre-plus net coal reservoir resulting in a combined 1500 metres of “gassy coal”.
Both wells are now being equipped for production and are expected to be online and producing within the next three to four weeks. Total gas measured in the second well by the gas detector and observed in the drilling mud encouragingly indicated higher gas levels than was measured in the first production well, noted the operator.
Jade expects to complete an agreement with a midstream manufacturer of fully integrated CNG equipment which will enable it to commercialise the gas from these initial two wells.
These CNG facilities are easily transportable and are able to take lightly processed gas and convert into a saleable and marketable form which, Jade said, would enable it to potentially deliver volumes to various markets in the immediate vicinity. These markets are in need of a cleaner and more secure fuel source including the displacement of diesel, which currently powers the large coal haulage truck fleet in the South Gobi, noted the ASX-listed operator.
The second production well on the Red Lake CSG asset was drilled to a total measured depth of 1507 metres with a lateral section of approximately 902 metres. Within the lateral section, 802 metres of net coal was intersected in the target seam, resulting in 88.9% net coal pay.
As with the first production well, a 5 ½-inch pre-drilled liner staged cementing tool and 5 ½-inch casing string are being set in the well, with the stage cementing packer located just above the entry point to seam IIIb in the heel of the lateral.
Activities will now focus on completion of these first two wells and production testing. After the pumps and production equipment are installed, the water and gas flow will be analysed and used to continue to refine the planned development operation of the Tavan Tolgoi (TT) CBM field.
The TT CBM project has a 2C gross unrisked contingent resource of 246 billion cubic feet of gas.
"Production drilling results confirm our confidence in the Red Lake gas field being a future world class gas producer. We will complete these first two production wells and bring them online as soon as possible. We then eagerly await confirmation of gas flow rates,” commented Jade’s executive chairman, Dennis Morton.
Mongolia’s Tavan Tolgoi basin is located within an area with high energy demand for electricity, fuel for engines and as a base load energy supply to underpin intermittent renewables, noted Morton.
“We are not too far away from gas production and gas sales in some form. Our gas commercialisation plan is built around a modular and scalable LNG project, but we are also canvassing other, nearer term, and lower capex opportunities in the form of CNG, a product that is also utilised in displacing diesel in coal haulage trucks and which we expect will be under great demand."
Jade last year partnered with Yan’an Drilling Wellking Energy Technology Service (DWK) to expedite the development of its Red Lake CBM resource.
"When drilling the first production well, and our first well in Mongolia, we took a little more time so as to understand the coal seam during the lateral part of the drilling process. After the success and understanding of the first well, it allowed us to complete the second well quicker,” said Elton Dong of DWK.
“This second well outshines the first well with higher gas readings supporting the company's desire to quickly commercialise the gas. As with similar wells we have drilled in the Qinshui Basin in China, we will now look to put these two wells into production within the next few weeks and move on to drilling the next wells."
BY Amanda Battersby
Asia Bureau Chief Singapore

 

...


64x64

Mongolia inflation accelerates to 9.1 percent in March www.xinhuanet.com

Mongolia's annual inflation rate accelerated to 9.1 percent in March, local media reported on Sunday, citing the National Statistics Office (NSO).
This figure reflects a 2.9-percentage point increase compared to the same period last year and a 0.3-percentage point increase from the previous month, the NSO said in a statement.
Rising energy costs have caused concern for Mongolia's central bank, which has raised interest rates to 12 percent in March in a bid to battle inflation.
Mongolia's central bank targets an inflation rate within a range of 5 percent (+/- 2.0 percentage points) from 2027 to support macroeconomic and financial sector stability in the medium-term.
Mongolia's economy in 2025 is expected to grow by 6.6 percent.
According to the Asian Development Bank, economic growth in Mongolia will be mainly driven by increased mining output and services and supported by robust domestic demand, infrastructure investment, and a gradual recovery in agriculture.

...


64x64

Mongolia-China Rail Link Set to Boost Coal Trade www.oilprice.com

Construction work is tentatively due to start on a dual-gauge rail line between China and the Republic of Mongolia. Reports indicate that the rail line will increase coking coal transport by up to 30%. Current estimates say the project will begin in April, with completion scheduled for 2028.
Dual-Gauge Rail System to Solve Major Problems
Mid-February reports noted that the 240-kilometer, dual-gauge line will run from mines at Tavan Tolgoi in Mongolia to the town of Gashuun Sukhait on the border with China. It is important to note that rail gauges, or the width between rails, differ between the two countries. While Mongolia’s network uses Russian gauge (1520mm), China utilizes the European standard of 1,435mm.
Because of this difference, workers need to transfer coal shipments from Mongolian trains to Chinese trains at the border. However, a dual-gauge line would negate that need and allow a seamless connection over the border.
A Big Step Forward for Mongolian-Chinese Trade
Reports stated that the Mongolian government announced the agreement after talks between Chinese Premier Li Qiang and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene in Harbin, Heilongjiang province.
Mongolia’s Tavan Tolgoi is one of the world’s largest coal deposits, with an estimated total resource of 6.4 billion metric tons. Of that, up to 40% is coking-quality coal. Mongolian Mining Journal (MMJ) stated that the country exported over 34.5 million metric tons of coking coal to China in the first seven months of 2024, a significant increase from the 26.6 million metric tons shipped over the same period in 2023.
Mongolia Now China’s Leading Coking Coal Supplier
In addition to representing a 30% increase on the year, the 2024 volume makes Mongolia the primary supplier of coking coal to China, at 51.1% of total imports. Meanwhile, China resumed coking coal imports from Australia in early 2023, following its initial ban in late 2020. However, MMJ noted that  “physical volume remains several times lower than pre-ban levels.”
Steelmakers use coking coal to produce coke, which they then charge into blast furnaces as part of pig iron production to reduce iron ore into molten iron. The feedstock also acts as a carbon-reducing agent during pig iron production.
On February 25, the World Steel Association reported that Chinese steelmakers poured an estimated 81.9 million metric tons of crude steel in January, down 5.6% year on year from 86.8 million metric tons. However, the latest volume is nonetheless up 7.76% from the 76 million metric tons poured in December.
By Christopher Rivituso

 

...


64x64

Mongolia and the United States Discuss Opportunities for Mutually Beneficial Cooperation www.montsame.mn

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai received Ambassador Extraordinary and Plenipotentiary of the United States to Mongolia Richard Buangan on April 13, 2025.
The two sides exchanged views and information on the progress of ongoing efforts to strengthen the "Strategic Third Neighbor Partnership" between Mongolia and the United States and discussed enhancing bilateral relations and cooperation.
Ambassador Richard Buangan presented Prime Minister Oyun-Erdene with an overview of the policies and initiatives being implemented by the new Administration of the United States, and exchanged views on opportunities for mutually beneficial cooperation between Mongolia and the United States.

...


64x64

46.7% rated ‘good’ in governance www.ubpost.mn

A consolidated report assessing compliance risks across Mongolia’s regulated financial sector for 2024 was officially issued on April 9. The report is based on the newly approved “Compliance Risk Assessment Methodology”, which aims to improve the compliance environment, ensure lawful operations and foster a culture of accountability within financial institutions.
As part of the broader evaluation, the implementation of the Corporate Governance Code was also reviewed. According to the report, 46.7 percent of the surveyed organizations were rated as “good” in terms of corporate governance practices, while another 46.7 percent were rated “average”. Only 6.6 percent received a rating of “insufficient”, highlighting both progress and areas that require targeted improvement in governance standards.
The diversity of the financial sector was also reflected in the composition of the organizations surveyed. Among them, 39.4 percent had between six and 11 years of operational experience, while 27.7 percent had been in business for up to five years. Institutions with 12 to 17 years of experience made up 17 percent of the total, and 15.9 percent had over 18 years of experience in the sector. These variations in institutional maturity were noted as relevant factors in how compliance and governance frameworks are adopted and applied. In terms of physical presence and operational scale, 40.4 percent of the organizations reported having no branch offices, while 31.9 percent operated between one to three branches. A further 14.9 percent had more than ten branches, and 12.8 percent had between four and nine. 
The methodology provides a structured framework for identifying, assessing and managing compliance risks. It serves as both a regulatory tool and a guide for institutions to recognize vulnerabilities, evaluate potential risks and design appropriate mitigation strategies. The objective is not only to prevent regulatory breaches but also to enhance long-term institutional resilience and credibility.
The assessment was based on compliance reports submitted by various types of financial institutions operating under regulatory supervision. These reports were evaluated using the standard methodology, allowing for a unified understanding of sector-wide compliance challenges and risk patterns. The findings were synthesized into a comprehensive national report that reflects the current state of compliance within the financial sector.
According to regulators, compliance plays a critical role in ensuring that financial activities are carried out in accordance with applicable laws and standards. Beyond legal adherence, the compliance risk assessment process helps detect weaknesses in governance and internal control systems. It supports the early identification of potentially harmful practices and enables institutions to implement timely and effective preventive measures.

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook