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    

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

China-Mongolia trade has ‘room for improvement’, with investment potential in tech, finance www.scmp.com

Batshugar Enkhbayar has big ambitions for his homeland of Mongolia.
The US-educated legislator, who sits on two parliamentary committees, has helped pass laws encouraging the use of cryptocurrency and the protection of personal data. He is inspired that many in the electoral democracy of 3.4 million people already make cashless payments.
Though the country’s economy is best known for its mineral riches, such as coal, copper, gold and nickel, Enkhbayar, a former central bank deputy governor, wants to change that.
The son of Mongolian ex-president Nambaryn Enkhbayar – whose time in office was tarnished by corruption allegations – is pushing to diversify the economy away from extractive industries, which were shaken in 2015 when commodity prices slumped.
To do so, Enkhbayar is looking to China for investment in other sectors beyond mining, particularly into the technology sector.
“Mongolia has potential to become a Central Asian financial hub,” the 35-year-old lawmaker told the South China Morning Post on Friday. “Going forward, I’d like to see China invest more in finance and more into infrastructure.”
China is well positioned to help because since 1990 it has channelled an average of 9 per cent annually from its total US$5.8 billion worth of Mongolian foreign direct investment (FDI) into the finance sector, he said, higher than the average amount invested from other nations.
China’s history of trade in Mongolia – with whom it shares a 4,630km-long (2,877 miles) land border – has allowed it to develop diverse business interests in the country, Enkhbayar said.
Mongolians protest Beijing’s language policy in Inner Mongolia as Chinese foreign minister visits
Mongolians protest Beijing’s language policy in Inner Mongolia as Chinese foreign minister visits
“It’s the world’s second largest economy and right next to us,” the former investment banker said. But given China’s size, he added, “I think there’s room for improvement.”
While trade ties stretch back centuries, there have been recent flashpoints in the relationship.
A decade ago, Mongolians fretted about illegal Chinese labour in their country, where according to the Asian Development Bank 27.8 per cent of the population lived below the poverty line in 2020.
In 2020, some protested against Beijing’s guidelines to replace Mongolian with Mandarin Chinese as the language of instruction for some subjects in China’s Inner Mongolia autonomous region.
But the coronavirus pandemic turned public opinion, the lawmaker said, as border closures made many Mongolians realise that their arid, landlocked country depends on China for shipments of cars, clothing and vegetables.
“We could see how important Chinese goods were for our daily lives,” said Enkhbayar, who was elected to the Mongolian parliament in October. “For a landlocked country like Mongolia, it’s very important for us to have a good trading relationship.”
Mongolia owes about US$1 billion in loans to the Chinese government, Enkhbayar said, but repayment should be manageable given China’s “concessional” terms.
Exports of coal briquettes to China are worth US$2.1 billion per year to the Mongolian economy and copper ore shipments US$635 million, according to the Observatory of Economic Complexity (OEC) database.
For manufacturing powerhouse China, coal briquettes represent an energy source, while copper ore is used to make wiring and other metal alloys.
But Mongolia has a growing tech scene, with 109 start-ups currently, many of whom work in financial technology, Enkhbayar said.
He believes the Mongolian government should follow the lead of other small nations like Estonia and Norway, the latter of which operates the world’s largest sovereign wealth fund, worth US$1.19 trillion. Estonia, meanwhile, has “digitised” its economy, he said.
Mongolia still relies mostly on minerals for export and China bought US$6.89 billion worth last year, said Derek He, senior analyst with financial market data provider Refinitiv.
Around 95 per cent of Mongolian exports are transported to China, which became the world’s largest manufacturer by output after its accession to the World Trade Organization in 2001. Mongolia’s exports to China were worth US$5.4 billion in 2020, according to Enkhbayar.
Mongolia created its Ministry of Economic Development in January to oversee foreign investment and steer it toward specific projects, said Enkhbayar, who sits on a committee for innovation and digital development plus another for culture.
Mongolia and China signed a series of “cooperation documents’’ earlier this month after Chinese Foreign Minister Wang Yi visited his counterpart Battsetseg Batmunkh in Ulaanbaatar. The two sides agreed to connect railways to highways and reopen border crossings.
Developing infrastructure in Mongolia will help China “diversify its sources of mineral imports and strengthen trade ties with Mongolia,” He said.
Cross-border railway links and transport upgrades are “very good news” for Mongolia’s non-mining sectors, Enkhbayar added. Technology infrastructure investments from China could follow, he said.
The Mongolian politician is particularly keen to see more Chinese capital flow into renewable energy, which could displace pollution-heavy energy sources now used in mining.
China could also play a bigger part in Mongolia’s 31-year-old capital markets, as the People’s Bank of China and the Bank of Mongolia have a currency swap agreement, Enkhbayar said.
Connections between China’s US$1 trillion Belt and Road Initiative, which was set up to facilitate trade by building cross-border infrastructure, and Mongolia’s like-minded Steppe Road Plan could allow for more upgrades, Enkhbayar said.
Wang said during his visit to Mongolia that China “stands ready to foster greater synergy of development strategies with the Mongolian side”.
The two countries should “support each other in accelerating development and rejuvenation”, Wang was quoted as saying on the Chinese foreign ministry’s website.
By Ralph Jennings
Ralph Jennings joined the Politcal Economy desk as a Senior Reporter in August 2022 having worked as a freelancer since 2011. Ralph previously worked for Thomson Reuters in Taipei and for local newspapers in California. He graduated from University of California, Berkeley with a bachelor’s degree in mass communication.
...


64x64

Death toll from coronavirus in Mongolia reaches 2,128 www.akipress.com

83 new COVID-19 cases were recorded in Mongolia in past 24 hours.
30 of them were contacts in Ulaanbaatar, and 53 were registered in the regions. No imported cases were found.
Mongolia confirmed 1 coronavirus related death in a day (2,128 deaths in total).
...


64x64

Eagle Festival-2022 to be organized in October www.montsame.mn

The Eagle Festival-2022 will be organized on October 1-2 in Bugat soum of Bayan-Ulgii aimag by the Mongolian Eagle Hunters’ Association in collaboration with the Ministry of Environment and Tourism, the Governor’s Office of Bayan-Ulgii aimag, and the aimag’s Department of Environment and Tourism.
Some 100 eagle trainers from 13 soums of the aimag are expected to participate in the traditional festival, maintaining the heritage and showing off trainer’s and bird’s skills.
The festival participants will compete for awards of Best Turned Out Eagle and Owner, Best Eagle at Hunting Prey, and Best Eagle at locating its owner from a distance, dressed in full eagle hunting regalia and mounted on groomed decorated horses and Bushkashi-goatskin tug of war on horseback.
As Mongolia is one of the few remaining countries that keep the 6000-year-old tradition of eagle hunting, the festival is organized twice a year, with one taking place in Ulaanbaatar in spring and the other in Bayan-Ulgii aimag in fall.
The event, which started being organized in 2000, aims at reviving eagle hunting customs and traditions of Kazakh people, inheriting the culture of hunting with eagles to the young generation, publicizing this tradition to tourists and making it a tourism product.
In 2010, UNESCO inscribed the practice of eagle hunting also known as Falconry to its Representative List of the Intangible Heritage of Humanity.
...


64x64

India coal baron becomes world’s third richest trailing only Musk, Bezos www.bloomberg.com

Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.
It’s the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index — fellow citizen Mukesh Ambani and China’s Jack Ma never made it that far. With a $137.4 billion fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking.
Adani, 60, has spent the past few years expanding his coal-to-ports conglomerate, venturing into everything from data centers to cement, media and alumina. The group now owns India’s largest private-sector port and airport operator, city-gas distributor and coal miner. While its Carmichael mine in Australia has been criticized by environmentalists, it pledged in November to invest $70 billion in green energy to become the world’s largest renewable-energy producer.
As his empire has expanded to one of the world’s largest conglomerates fueling the remarkable wealth gains, concerns have grown over the rapid growth. Adani’s deals spree has been predominantly funded with debt and his empire is “deeply over-leveraged,” CreditSights said in a report this month.
Some lawmakers and market watchers have also raised concerns over opaque shareholder structures and a lack of analyst coverage at Adani Group companies. Yet the shares have soared — some of them more than 1,000% since 2020, with valuations hitting 750 times earnings — as the tycoon focused on areas that Prime Minister Narendra Modi deems crucial to meeting India’s long-term goals.
Shares of Adani Enterprises Ltd., the group’s flagship, climbed 1.7% on Tuesday to close at a record high.
The pivot to green energy and infrastructure has won investments from firms including Warburg Pincus and TotalEnergies SE, helping Adani enter the echelons previously dominated by US tech moguls. The surge in coal in recent months has further turbocharged his ascent.
All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s fourth-richest person last month.
Adani was able to move past some of the world’s richest US billionaires partly because they’ve recently boosted their philanthropy. Gates said in July he was transferring $20 billion to the Bill & Melinda Gates Foundation, while Warren Buffett has already donated more than $35 billion to the charity.
The two, along with Gates’s ex-wife Melinda French Gates, started the Giving Pledge initiative in 2010, vowing to give away most of their fortunes in their lifetimes. The billions of dollars spent on philanthropy has pushed them lower on the Bloomberg wealth ranking. Gates is now fifth and Buffett is sixth.
Adani, too, has increased his charitable giving. He pledged in June to donate $7.7 billion for social causes to mark his 60th birthday.
(By Alexander Sazonov, with assistance from Pei Yi Mak)
...


64x64

China, Russia, Mongolia to strengthen coordination in intl, regional affairs: Chinese Vice FM www.globaltimes.cn

Chinese Vice Foreign Minister Ma Zhaoxu on Tuesday attended a virtual meeting with deputy foreign ministers of Russia and Mongolia, in which they agreed to further strengthen mutual coordination.
Ma spoke highly of the progress the three sides have made since the fifth trilateral meeting of the heads of state of China, Russia and Mongolia. Ma said progress had been seen in the sectors of politics, economy and trade, anti-pandemic efforts, humanities, international cooperation and other fields, according to China's Ministry of Foreign Affairs.
The fifth trilateral meeting was held in June 2019, in which leaders from the three sides pledged to strengthen trilateral cooperation.
Ma said that the three sides should fully implement the important consensus reached by the heads of the three countries, actively push forward the Mid-term Roadmap for Development of Trilateral Cooperation among China, Russia and Mongolia, and work on construction of the China-Mongolia-Russia economic corridor.
The three sides should also explore and foster new growth sectors for trilateral cooperation, strengthen coordination and cooperation in international and regional affairs, and achieve common development, according to Ma.
Russia and Mongolia fully acknowledge the positive results achieved in trilateral cooperation during recent years and they are willing to step up coordination and work together to achieve more results in trilateral cooperation. They also exchanged opinions on key areas for cooperation in the next phase.
China, Russia and Mongolia inked a development plan on June 23, 2016 to build an economic corridor linking the three neighbors, pledging to boost transportation connectivity and economic cooperation in border regions.
...


64x64

EU faces awful winters without gas cap - minister www.bbc.com

European Union countries will face five to 10 terrible winters if nothing is done to reduce gas prices, Belgium's energy minister says.
Tinne Van der Straeten said gas prices should be frozen and not used to dictate the price of electricity.
EU states have been struggling with huge energy price hikes since key gas supplier Russia invaded Ukraine in February, triggering sanctions.
Countries backing Ukraine are trying to cut imports of Russian gas and oil.
Russia, which supplied the EU with 40% of its gas last year, has in turn restricted supplies.
As well as gas, electricity prices have reached record highs.
Natural gas is still widely used to generate electricity. Because gas prices have risen, this costs more.
Significantly, this price is used when buying electricity wholesale even when it comes from much cheaper renewable resources.
"We have to stop this madness that is happening right now on energy markets," Austria's Chancellor Karl Nehammer said.
"We cannot let [Russian President Vladimir] Putin determine the European electricity price every day," he added.
EU Commission President Ursula von der Leyen also criticised the method used to price electricity being sold on the EU market.
Speaking to reporters in Slovenia, she said the bloc was preparing "structural" emergency reforms that would tackle high costs - but did not give further details.
Germany - the largest importer of Russian gas in 2020 - has been racing to bolster its gas reserves before winter despite Russia cutting deliveries.
Its aim is to fill its gas capacity to 85% by October. It has implemented energy-saving measures to do so.
Economy Minister Robert Habeck said such measures - along with buying gas from alternative suppliers - had enabled Germany to fulfil its goal sooner than anticipated.
He estimated that the 85% target could be reached by the start of September.
Belgium's Prime Minister Alexander de Croo last week warned that people should "hope for the best and prepare for the worst".
And the French Prime Minister Elisabeth Borne told business leaders on Monday to submit energy-saving plans by next month - otherwise there could be rationing.
...


Mongolian National Film Council To Welcome Warner Bros., HBO, Discovery, Netflix to Mongolia in September www.prnewswire.com

Ms. Nomin Chinbat, Minister of Culture of Mongolia, announced that the Mongolian National Film Council (MNFC) will welcome several major production studios including Warner Bros., HBO, Discovery, Viacom, and Netflix to Mongolia September 14-19 to learn about the country's film industry benefits and visit historic Mongolian venues. Thus far, five high-level production managers and executives are confirmed to attend, with additional studios and participants to be announced in the coming weeks. The MNFC was established to manage film production incentives, reimbursement, and other legislative measures to support the growth of Mongolia's film industry.
Confirmed participants are Warner Bros: Jay Rosenwink, Senior Vice President; Discovery: Carrie Regan, Vice President, Global Content Production; HBO: Krutin Patel, Production Manager, HBO/HBO Max, a Warner Bros. Discovery Company; Viacom: Carlos Lugo, Vice President, Production, Paramount Media Networks & MTV Entertainment Studios; and Netflix: Songlee Lee, Production Management Manager, Netflix Korea.
Led by Minister Chinbat, the fam tour agenda will include meetings with government officials and the MNFC staff, along with a tour of Mongolia's capital city of Ulaanbaatar (pop. 1.3 million); its production facilities as well as a culture program and visits to the Mongolian countryside. Additionally, the group will meet with local leading Mongolian executives, award-winning artists, and production companies such as: Cineplus, Nomadia Pictures, Hulegu Pictures, Guru Media, Fantastic Production, B Production, U Film, and Hero Entertainment.
Mongolian cinema has developed rapidly with a high level of professionalism and the emergence of strong talent specializing in the art of filmmaking. Over the last five years, the Mongolian film industry has averaged 80 studio productions, employing hundreds of film industry employees. The country now has many major movie theaters and screening venues with 40 new films released per year (17 during the COVID-19 pandemic); and nearly 2 million potential moviegoers.
The core of MNFC's mission is to develop a vibrant and creative film industry in Mongolia. The Mongolian government has recently provided unprecedented programs to support and encourage both domestic and global film producers who base their projects in Mongolia. Global producers can apply for incentives of up to 45%, which come in the form of cash rebates, and are among the most competitive in the world (30% location incentive, 10% cultural incentive and 5% foreign talent reimbursement).
Minister Chinbat said: "Mongolia has so much to offer in terms of unique natural beauty and the large urban city of Ulaanbaatar which employs many talented film professionals and modern production facilities. We are pleased to welcome some of the world's top studios to our country to highlight our very generous film rebates and showcase how Mongolia is open for international business and investment."
About the MNFC
The Mongolian National Film Council implements the Law on Promotion of Cinematography and focuses on increasing the film production capacity of Mongolian artists, developing their professional skills, supporting cooperation between Mongolian and foreign filmmakers, and promoting Mongolian cinema at the international level. They provide permission for foreign filmmakers to film in Mongolia, receive and resolve requests for reimbursement of film production costs, and provide all necessary information. www.filmmongolia.gov.mn
...


64x64

Korea, Mongolia to strengthen strategic partnership, cooperate on rare earth supply www.asianews.network

SEOUL – South Korea and Mongolia vowed to join efforts for peace in the region and agreed to bolster their strategic partnership in their first bilateral foreign ministers’ meeting held in eight years in Ulaanbaatar on Monday.
South Korean Foreign Minister Park Jin met with his Mongolian counterpart, Batmunkh Battsetseg, to agree on establishing a joint center on rare earth metals, aimed at boosting their bilateral ties in regards to economic security field. They also discussed on a range of issues involving regional security, North Korea and supply chain resilience, among others.
In a joint press conference following their bilateral meeting, Park and Battsetseg revealed that they agreed on establishing the joint institute to enhance cooperation on rare earth materials. Mongolia would be providing the land, and South Korea would use its official development assistance funds.
“(We) will push actively for measures to cooperate (with each other) to gain synergies from the combination of South Korea’s infrastructure and such minerals and resources, abundant in Mongolia, as rare earths for high-tech semiconductors and displays, and rare metals for batteries,” Park said during the joint press conference.
Battsetseg reiterated on their agreement and said they would seek for synergies between Mongolia’s natural resources and Korea’s advanced technologies.
“I hope to actively cooperate (with Mongolia) to open the next 30 years (of the relations),” Park said in his opening speech of the foreign ministers’ meeting.
“The Yoon Suk-yeol administration aims to make Korea a globally pivotal state that can contribute to freedom, peace and prosperity. We seek to work together with Mongolia, which shares the values of democracy and human rights, for peace and prosperity of the region and the international society.”
The Mongolian foreign minister also welcomed Park, saying his visit to Mongolia would provide a precious opportunity for the two countries to bolster their strategic partnership.
Park took off to Mongolia for a three-day trip on Sunday. It has been eight years since a Korean foreign minister visited Mongolia for a bilateral meeting. It is also the first time for a high-ranking official to visit the country since Korea and Mongolia elevated their bilateral ties to a “strategic partnership” in September last year.
In his courtesy visit to Mongolian President Khurelsukh Ukhnaa on Monday afternoon, Park delivered a handwritten letter from South Korean President Yoon Suk-yeol.
Later Monday, Park was to attend a dinner meeting hosted by the Mongolian president. The president also invited Park for a breakfast meeting on Tuesday.
Park also paid courtesy calls to Mongolian Prime Minister Luvsannamsrai Oyun-Erdene and Parliamentary Speaker Gombojavyn Zandanshatar.
Starting with Park’s visit, Seoul’s Foreign Ministry said the government will activate bilateral consultative groups with Mongolia to bolster strategic communication.
Mongolia is a strategic country pursuing democracy while bordering China and Russia, and is one of the top 10 countries for its abundant natural resources, a Foreign Ministry official said.
Seoul will explore ways to work together with Mongolia for diversifying the country’s supply chain, the official added.
As countries are interested in securing a stable supply chain of strategic materials, high-ranking officials from a number of neighboring countries, as well as the United States, have been seen visiting Mongolia in recent months.
Japanese Foreign Minister Yoshimasa Hayashi traveled to Mongolia on a bilateral basis in April. Russian Foreign Minister Sergey Lavrov and Chinese Foreign Minister Wang Yi also made separate trips in July and August, respectively.
Daniel Kritenbrink, the assistant secretary of state for East Asian and Pacific affairs of the US Department of State, visited Mongolia before flying to Seoul last week.
On the day of his arrival Sunday, the Korean foreign minister visited a commemorative park honoring South Korean independence fighter Lee Tae-joon.
Lee opened a hospital in Mongolia in the 1910s and provided rare medical services to locals, as well as backing Korea’s struggle against the Japanese colonial rule of 1910-1945.
Mongolia established the park in 2001.
Park’s trip to Mongolia comes amid rising interest in the country among neighboring countries.
Park said Mongolia is a strategic location of Northeast Asia sharing universal values of democracy and human rights, and Korea seeks to deepen “practical” cooperation in the field of economic security.
“We would like to deepen cooperation with Mongolia, one of the world’s top 10 resource-rich nations, for stabilizing and diversifying supply chains,” Park told reporters Sunday before departing for Ulaanbaatar.
 
 
 
...


64x64

80 COVID-19 cases registered in Mongolia in a day www.akipress.com

80 new COVID-19 cases were registered in Mongolia in a day.
43 of them were contacts in Ulaanbaatar, and 37 were recorded in the regions. No imported cases were found.
Mongolia did not confirm any coronavirus related deaths in past 24 hours. The death toll from COVID-19 remains 2,127.
 
 
 
...


64x64

Former Rio Tinto Bougainville copper mine poses flood risk – report www.reuters.com

Communities around Rio Tinto’s (ASX, LON: RIO) shuttered copper mine in Bougainville face a serious threat of flooding due to unstable mine infrastructure, an interim report commissioned by the mining company said on Monday.
Due to the urgent nature of the threat, a rapid risk assessment will begin in coming weeks by global environmental firm Tetra Tech Coffey, which prepared the report, and will include on-ground inspection to verify the report’s findings.
Rio Tinto reached an agreement with the Bougainville community last year to fund an environmental and human rights impact assessment of the Panguna copper mine that it ran until 1989, following a complaint brought by community members who were represented by the Australian human rights group Human Rights Law Centre.
Monday’s interim report said a levee at the junction of the Jaba and Kawerong rivers, constructed at the time of the mine’s operation, “is almost certain to collapse at some stage in the future”.
“Structures and people that live on the floodplain downstream of the Jaba River would be directly impacted by flooding or landslide effect,” it said.
It it was not possible to predict when the levee might fail or how severe the failure might be, it said, due to limitations of current information.
The report said the rapid risk assessment process would now be led by the local authorities in the Autonomous Bougainville Government, with the support of Rio Tinto and the Human Rights Law Centre.
Rio Tinto said in a statement to Reuters that community representatives in Bougainville had been advised of the interim findings and the work being undertaken to better understand the risks and mitigations.
A Rio Tinto spokesperson reiterated that a formal impact assessment would commence on the ground later this year, which “will provide all parties with a clearer understanding of the impacts, so that together we can consider the right way forward”.
(By Praveen Menon; Editing by Edmund Klamann)
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook