1 OVERNIGHT TEMPERATURE DIPS TO MINUS 43 DEGREES CELSIUS IN W.MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/12/02      2 MONGOLIA, RUSSIA AGREE ON INTERREGIONAL COOPERATION UNTIL 2030 WWW.MONTSAME.MN PUBLISHED:2025/12/02      3 PRODUCTION OF KEY EQUIPMENT FOR MONGOLIA’S OIL REFINERY NEARS COMPLETION IN INDIA WWW.MONTSAME.MN PUBLISHED:2025/12/02      4 MONGOLIA AND CHINA STEP UP COOPERATION ON MEAT TRADE WWW.MONTSAME.MN PUBLISHED:2025/12/02      5 PRESIDENT KHURELSUKH WELCOMED BY PRESIDENT SERGIO MATTARELLA WWW.MONTSAME.MN PUBLISHED:2025/12/02      6 REAL ESTATE BROKERAGE FIRMS FACILITATE MNT 2.25 TRILLION IN PROPERTY SALES IN Q3 2025 WWW.MONTSAME.MN PUBLISHED:2025/12/02      7 TEAM MONGOLIA’S ATHLETIC PROWESS MAKES A SPLASH ON NETFLIX WWW.THEDIPLOMAT.COM PUBLISHED:2025/12/02      8 RUSSIA EXPECTS RATIFICATION OF EAEU TRADE AGREEMENT WITH MONGOLIA NO LATER THAN MID-2026 WWW.INTERFAX.COM PUBLISHED:2025/12/02      9 PRESIDENT KHURELSUKH ARRIVES IN ITALY FOR STATE VISIT WWW.MONTSAME.MN PUBLISHED:2025/12/01      10 INDIA WEIGHS MONGOLIAN COKING COAL IMPORTS DESPITE TRANSPORT HURDLES, SOURCE SAYS WWW.REUTERS.COM PUBLISHED:2025/12/01      ТЭЭВРИЙН ХЭРЭГСЛИЙН ШИЛЖИЛТ ХӨДӨЛГӨӨНИЙГ ЦАХИМААР ХИЙДЭГ БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/02     МОНГОЛ УЛС КАРЕК ХӨТӨЛБӨРИЙГ 2026 ОНД ДАРГАЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/02     "ЗЭЭЛ ТӨЛӨӨД ӨГӨӨЧ, ҮНЭ НЭМЭЭД ӨГӨӨЧ ГЭЭД СУУЖ БАЙНА. ӨӨРСДӨӨ ЮУ ХИЙХ ВЭ ГЭДЭГ НЬ ТОДОРХОЙГҮЙ" WWW.GOGO.MN НИЙТЭЛСЭН:2025/12/02     ЧГД, СБД-Т ЧӨЛӨӨЛСӨН ТАЛБАЙД БАРИХ 3800 АЙЛЫН ОРОН СУУЦЫГ 2027 ОНЫ III УЛИРАЛД ДУУСГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/12/02     ИТАЛИ УЛСЫН ЕРӨНХИЙЛӨГЧ СЭРЖО МАТТАРЭЛЛА ИРЭХ ЖИЛ МОНГОЛД АЙЛЧИЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/02     ЕАЭЗХ-НЫ МОНГОЛТОЙ БАЙГУУЛСАН ХУДАЛДААНЫ ТҮР ХЭЛЭЛЦЭЭРИЙГ ИРЭХ ОНЫ ДУНД ҮЕЭС ХЭТРҮҮЛЭХГҮЙ БАТАЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/02     АВЛИГЫН АСУУДЛААР ГАДНЫН БАНКНЫ ХОРИГТ ОРСОН АХ, ДҮҮ ХОЁРЫН ОХИН КОМПАНИУД АЛТ, ГАЗРЫН ХОВОР ЭЛЕМЕНТИЙН ОРД ЭЗЭМШДЭГ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/02     РОЙТЕРС: ТЭЭВРИЙН ХҮНДРЭЛТЭЙ Ч МОНГОЛООС КОКСЖИХ НҮҮРСИЙГ ИМПОРТЛОХ АСУУДЛЫГ ЭНЭТХЭГ СУДАЛЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/01     "ЭРДЭНЭС ТАВАНТОЛГОЙ" ХК ӨНГӨРСӨН САРД 2.4 ТОНН НҮҮРС БОРЛУУЛЖ, ТҮҮХЭН ДЭЭД АМЖИЛТАА ТОГТООЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/01     "ЦАГААН АЛТ" ХӨДӨЛГӨӨНӨӨР НООЛУУРЫН САЛБАРТ ₮28.7 ТЭРБУМЫН ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ ОЛГОЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/01    

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Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolian President Khurelsukh’s India Visit Will Redefine the Strategic Partnership www.thediplomat.com

As Mongolia and India celebrate seven decades of diplomatic ties in 2025, their relationship is characterized by a high degree of spiritual affinity and geopolitical aspiration. While India and Mongolia officially share a Strategic Partnership anchored in democratic values, a critical examination reveals that this designation is largely aspirational, struggling to overcome profound economic and logistical challenges.
With Mongolian President Khurelsukh Ukhnaa’s much-anticipated visit to New Delhi later this month, the two nations stand ready to elevate this alliance, reinforcing their dual identity as spiritual brothers (connected by Buddhism) and strategic partners (united by geopolitical foresight).
Historical Bedrock: Trust Forged in Spirit and Diplomacy
The roots of Mongol-Indian ties stretch back over a millennium, when Buddhism traveled from the Indian subcontinent to the Mongolian steppes. For Mongolians, who practice Tibetan Buddhism integrated with traditional shamanism, India – where Gautama Buddha achieve enlightenment – holds sacred status. Mongolian Ambassador to India D. Ganbold aptly described this connection as “invisible infrastructure,” a force that has endured even amid global political upheaval.
Diplomatically, India’s 1955 recognition of Mongolia was a bold step in the Cold War’s bipolar landscape. Prime Minister Jawaharlal Nehru’s decision reflected his commitment to pan-Asian solidarity, transcending ideological divides. India followed with critical support, backing Mongolia’s United Nations membership in 1961 and its entry into the Non-Aligned Movement in 1991. Dr. Nutan Kapoor Mahawar, acting director general of the Indian Council of World Affairs noted that these actions solidified a “mutual respect that has stood the test of time.”
The 1991 collapse of the Soviet Union opened a new chapter. Mongolia’s “Third Neighbor” policy – seeking allies beyond Russia and China – aligned seamlessly with India’s “Act East” initiative, which identified Mongolia as a like-minded democratic partner in Central Asia. This synergy revived high-level exchanges in 1994 and spawned the Nomadic Elephant joint military exercises in 2004. 
A defining moment came in 2015, when Indian Prime Minister Narendra Modi became the first foreign leader to address Mongolia’s State Great Hural on a Sunday, a national holiday. Modi’s visit upgraded ties to a Strategic Partnership, unlocked a $1 billion Line of Credit (LoC), and yielded 14 agreements covering defense, trade, and culture.
2025: A Pivotal Year for Accelerated Cooperation
The 70th anniversary has injected fresh momentum into bilateral collaboration, yielding tangible progress across critical sectors in 2025.
In June 2025, Indian Defense Secretary Rajesh Kumar Singh co-hosted the 17th Nomadic Elephant drills in Ulaanbaatar and inaugurated a cybersecurity training hub at the Mongolian National Defense University, strengthening joint counterterrorism efforts and digital resilience. 
Mongolian Foreign Ministry State Secretary Munkhtushig Lkhanaajav and his delegation participated in the Raisina Dialogue in New Delhi in March. He then co-chaired the fifth bilateral consultation to advance key pacts on renewable energy and cyber governance.
Negotiations are currently underway with Indian steel majors like JSW Steel and SAIL to lock in a long-term supply of Mongolia’s vast Tavan Tolgoi coking coal and other critical mineral reserves. This effort persists despite the significant logistical challenge of transiting shipments via Russia or China.
The upcoming visit by Khurelsukh to India is expected to be transformative, aiming to elevate the partnership to “an even higher tier.” The trip is anticipated to finalize major agreements in the digital economy, renewable energy (combining Mongolia’s solar potential with India’s technological innovation), and critical minerals.
Strategic Synergy: Aligning Visions for a Multipolar Eurasia
The core strength of the India-Mongolia partnership lies in the fundamental convergence of their strategic policies. Both nations envision a balanced, multipolar Eurasia, creating a natural alliance through their respective approaches. Mongolia’s Third Neighbor policy seeks to build robust ties beyond its two immediate, powerful neighbors, Russia and China. India’s Act East policy identifies Mongolia as a crucial democratic and strategic partner in Central Asia.
This policy synergy translates into concrete strategic advantages for both partners. For Mongolia, India offers a technologically advanced, democratic alternative, reinforcing Mongolian national sovereignty and providing a valuable counterweight to reduce overreliance on any single power. For India, Mongolia offers potential access to strategic resources, such as rare earths, and contributes to regional balance.
Multilaterally, the two nations amplify their influence through shared priorities. They align in bodies like the Shanghai Cooperation Organization (SCO) – where India is a member and Mongolia was a long-time “observer” until that status was scrapped at the 2025 summit – focusing on counterterrorism and connectivity initiatives. Both are leading contributors to U.N. peacekeeping missions and staunch advocates for Security Council reform. Mongolia strongly backs India’s bid for a permanent UNSC seat, reciprocating India’s support for Mongolia’s regional initiatives.
As Mongolia’s Ambassador to India Ganbold Dambajav emphasized, this powerful “strategic complementarity” acts as a “force multiplier” in times of geopolitical turbulence.
Looking ahead, the partnership is poised for significant expansion across key sectors: securing critical resources (like rare earths, copper and so on) for India’s technology sectors; agritech modernization to boost Mongolia’s agricultural sector; and high-value “Buddhist circuit” eco-tourism, leveraging the shared spiritual heritage.
Economic Cooperation: Progress and Structural Constraints
The economic dimension of the India-Mongolia partnership is gaining momentum through flagship infrastructure projects and strategic trade initiatives, yet it operates under significant structural constraints that limit India’s role as a major economic alternative.
The most significant undertaking is the Dornogobi Oil Refinery, which uses $1.7 billion of India’s Line of Credit (LoC). Slated for completion in late 2026 or early 2027, the refinery is designed to process 1.5 million tons of crude annually, aiming to cover 60 percent of Mongolia’s domestic fuel needs. Strategically, this is vital for reducing reliance on Russian imports, though the protracted timeline means dependence will continue for the foreseeable future.
Logistical barriers are being directly challenged by the launch of MIAT Mongolian Airline’s twice-weekly direct flights to Singapore starting November 4, 2025. This new air route will significantly slash transit time to third destinations in India and Southeast Asia, providing a crucial boost to trade and tourism.
Despite this progress, the partnership faces overwhelming structural hurdles. Mongolia’s landlocked geography creates a logistical chokepoint, driving up trade costs and uncertainty. All transit must pass through either Russia (a stable but lengthy route) or China (faster but sensitive to China-India geopolitical tensions).
This physical reality is reflected in the trade data. At a modest $110 million in 2024, bilateral trade with India is minuscule compared to Mongolia’s $19 billion trade with China. This dramatic disparity highlights Mongolia’s trade vulnerability and inherently restricts India’s ability to act as a substantial economic counterweight. Talks on exporting Tavan Tolgoi coking coal and other Mongolian reserves to India are a positive step, but they do not yet solve the fundamental structural issues of scale and logistics.
Defense and Security: Building Niche Interoperability
The security dimension of the Strategic Partnership is characterized by deepening military cooperation and growing institutional trust, although its scope remains confined to niche areas rather than exerting a grand strategic deterrent against the regional dominance of Russia and China.
Military collaboration, exemplified by the annual Nomadic Elephant joint exercises, launched in 2004, focuses on enhancing interoperability and counterinsurgency skills in rugged terrain. In 2025, Indian participation in Mongolia’s multilateral Khan Quest exercise further broadened this coordination beyond the bilateral scope. Institutionally, Mongolia signaled a strong commitment by appointing its first defense attaché to New Delhi, with Ambassador Ganbold encouraging India to reciprocate to ensure balanced growth in security ties.
While India actively supports Mongolia’s defense modernization by providing specialized equipment, such as cybersecurity tools and all-terrain vehicles suitable for the steppe, its capacity to provide the large-scale, high-end defense equipment required to fundamentally shift Mongolia’s military balance is limited.
Furthermore, the partnership’s multilateral efforts – such as alignment on SCO counterterrorism and Mongolia’s diplomatic support for India’s U.N. Security Council bid – reflect a shared multilateral ideal and reciprocal favors rather than an immediate security pact. Thus, Ganbold’s assertion of the partnership acting as a “force multiplier” remains more theoretical than proven in terms of hard power influence. The alliance is strategically valuable for diversification but not yet for regional deterrence.
People-to-People Ties: The Indispensable Soul of India-Mongolia Partnership
The enduring spiritual and cultural bonds between Mongolia and India form the “soul” of their relationship – an indispensable foundation that transcends trade and geographic challenges.
Shared Buddhist heritage, particularly Tibetan Buddhism, remains the most vital link. Over 400 Mongolian monks now study at 14 Indian monasteries, and Mongolia’s Education Ministry integrated native language and cultural instruction into their curriculum for these students. 
Artistic connection is flourishing, exemplified by the 25th Ganga Nrit (Melody of the River Ganga) dance festival. The festival showcased a vibrant cultural link by drawing impressive participation, with over 450 Mongolian attendees.
A scientific conference on September 19, titled “Spiritual and Strategic Partners: Mongolia and India – Seven Decades of Diplomatic Relations,” underscored the commitment to academic ties. This collaborative event was jointly organized by the Institute of International Studies of the Mongolian Academy of Sciences, the Mongolian Ministry of Foreign Affairs, and the Embassy of India.
Beyond spiritual ties, medical cooperation is growing rapidly: more Mongolian patients are traveling to Delhi’s hospitals for treatment, supported by recent visa relaxations and Indian hospital representatives based in Ulaanbaatar.
Equally significant is the quality of diplomatic appointments, which reflects Ulaanbaatar’s prioritization of the relationship. Four of Mongolia’s 17 ambassadors to India served as Mongolian foreign minister, signaling high political value. Indian envoys have also shaped the partnership: the revered Ladakh Buddhist lama, the 19th Khushok Bakula Rinpoche (1990–2000), revived post-Communism Buddhism in Mongolia and guided its early democratic transition; Mohinder Pratap Singh (2019–2023) secured 150,000 AstraZeneca vaccine doses and Remdesivir for Mongolia during peak COVID-19. Since March 2024, current Ambassador Atul Malhari Gotsurve has focused on accelerating economic and digital cooperation, including the Dornogobi oil refinery and bilateral IT pacts.
Complementing these efforts are people-to-people initiatives, such as Ganbold’s proposal to deploy 1,000 Indian English teachers. These complement existing scholarships and strengthen long-term ties.
Ultimately, these practical and spiritual exchanges – from medical tourism and English teacher proposals to high-caliber diplomacy – have a powerful, immediate impact on Mongolians’ quality of life, arguably more tangible than infrastructure projects funded by Lines of Credit (LoC).
Conclusion 
The 70-year history of India-Mongolia diplomacy confirms that shared values and vision can decisively transcend geographic distance, forging a bond rooted in spiritual brotherhood and strategic partnership. Even as bilateral economic scale remains limited, they underscore the partnership’s strategic value: India, as a democratic, tech-driven ally, is key to Mongolia’s Third Neighbor balancing act, while Mongolia serves as a critical node for India’s Act East initiative and a potential gateway to Central Asia.
The future of the relationship, however, demands a shift from aspiration to scaled action. The trajectory will be defined by concrete milestones, notably Khurelsukh’s upcoming visit to India and the successful commissioning of the Dornogobi oil refinery. 
For the partnership to truly merit its “strategic” title, it must urgently overcome two critical challenges. High-level intent must translate into rapid economic delivery. Khurelsukh’s visit must secure a rapid timeline for the Mongolian first oil refinery and firm up access to critical mineral supply chains. Meanwhile, both nations must realistically address the logistical chokepoints and marginal economic scale relative to China and Russia. 
In an era of geopolitical flux, the enduring bond between India and Mongolia remains a beacon of resilience. The legacy is clear: true partnership is strengthened by common purpose, not mere proximity.
BY Guest Author
Sumiya Chuluunbaatar
Sumiya Chuluunbaatar is an economist and expert on international issues. Sumiya is currently working as a non-resident fellow at the Institute of International Studies, Mongolian Academy of Sciences.

 

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Turnaround Track Installed as Construction Progresses on Ulaanbaatar’s First Urban Cable Car System www.montsame.mn

Ulaanbaatar is making visible progress on its first urban cable car system, a landmark infrastructure project designed to ease traffic, cut air pollution, and improve public transport connectivity. The Cable Car Transport Project – Line I, a 4.2 km route connecting the Yarmag area (Artsat Yarmag Station) to Unur khoroolol (Kharkhorin Station) via a crossing over the Tuul River, is currently under active construction.
A turnaround track, a key structural component enabling the movement of cables and cabins, has been installed at the Yarmag Station. Out of the planned 19 pylons (support towers), six have already been erected at the Yarmag and Kharkhorin sites.
Nearby, construction is ongoing on a garage facility that will house cable car cabins, with concrete foundation and structural works currently underway.
The project is being led by engineers from France's POMA Group, with Monnis Engineering serving as the local subcontractor.
According to the current timeline, concrete works will be completed by October 30, and all 19 support towers are scheduled for installation by November 2025. Interior work for technical systems, including plumbing, heating, ventilation, communication, and control systems, will begin in January 2026.
Notably, the cabins will feature heating systems for winter comfort, ventilation for summer operation, dual power supplies for reliability, and safety equipment to ensure secure and efficient service year-round.
The project is being managed by the Unified Project Management Authority, a state-owned enterprise acting as the client representative. The authority is working closely with contractors to ensure timely and efficient implementation.
Cable Car Transport Project – Line I:
Line Length: 4.2 km
Stations: 2 (6.45–42 meters in elevation)
Support Towers / Pylons: 19
Peak Capacity: 2,320 passengers per hour

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World Bank lowers Mongolia's 2025 GDP growth forecast www.xinhuanet.com

The World Bank has revised down Mongolia's gross domestic product (GDP) growth forecast for 2025 to 5.9 percent, compared with its previous estimate of 6.3 percent made in April, according to a report released Tuesday.
Meanwhile, the World Bank raised its projection for 2026, expecting Mongolia's economy to expand by 5.6 percent, up from the 5.2 percent forecast in April.
The latest adjustments reflect the impact of U.S. tariff-driven uncertainty on the global economy, the World Bank said in its report.
Last month, the Asian Development Bank also trimmed its forecasts for Mongolia's GDP growth in both 2025 and 2026 to 5.7 percent, citing weaker exports and the lingering effects of high inflation.
Mongolia's economy grew 5.6 percent in the first half of 2025, according to the country's National Statistics Office.

 

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Troy Minerals Achieves Key Milestone Toward Operational Mining License for Its Tsagaan Zalaa Silica Project, Mongolia www.accessnewswire.com

VANCOUVER, BC / ACCESS Newswire / October 7, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to report that its subsidiary Grand Samsara Consulting LLC ("Grand Samsara") has successfully completed a key regulatory milestone in Mongolia - the official registration of its Tsagaan Zalaa Silica Project ("Tsagaan Zalaa" or the "Project") in Dornogovi Province with the Mineral Resources and Petroleum Authority of the Ministry of Industry and Natural Resources of Mongolia. This registration represents the most critical step in the multi-stage process leading to the issuance of an operational mining license.
The Tsagaan Zalaa project is located in Saikhandulaan soum, Dornogovi Province, in southeastern Mongolia (Figure 1). It is connected with a road to Sainshand, capital of the Dornogovi Province in the Eastern Gobi steppe, approximately 95 km to the east, located along the Trans-Mongolian Highway and Railway connecting Mongolia's capital city of Ulaanbaatar with China. Sainshand is 200 kilometres from the Chinese border and serves as the local depot for silica and other mineral exports to China. Tsagaan Zalaa (Figure 2) is also situated only 18 km from the local community of Saikhandulaan soum(Figure 3) and covers an area of 1,670.28 hectares. The Project is strategically positioned to serve the growing regional demand for high-purity quartz silica ("HPQ"). Massive high-purity quartz veins up to 5 metres in width (Figures 4 and 5) hosted by Upper-Middle Devonian sediments are exposed on surface across the Project. In February 2025, the Company announced the submission of the Mining License application, with today's achievement marking the decisive regulatory confirmation needed to advance the Project toward the final operating approval.
"To receive a Mine Operating License is a complex process, not only in Mongolia but all over the world, but the official approval of a Mining License application by the Mongolian ministerial authorities is the most important step in this. It represents a key milestone which underscores the Company's commitment to advancing Tsagaan Zalaa towards production and transforming Troy into a cash-flowing entity," commented Yannis Tsitos, President of Troy Minerals. "We expect to complete the subsequent administrative steps, as outlined below, in the coming weeks and we target a full Mine Operating License by the end of Q4 2025 to Q1 2026."
With its application referenced above, Grand Samsara provided to the authorities all historical and current technical, environmental, hydrogeological, community and archaeological data, studies and reports. Based on Mongolian authorities' appointed independent experts opinion regarding the geological resources and the opinions of the established 15 council members, the meeting of the Mineral Resources Professional Council of the Ministry of Industry and Mineral Resources and the Ministry of Mineral Resources and Petroleum Authority decided to grant to Grand Samsara a Mining License in regard to HPQ mining activities.
Next Steps
Grand Samsara is currently working in Mongolia on subsequent steps to conclude several administrative tasks and receive a Mine Operating License. Several steps already been completed, others to be concluded before December 2025. They include detailed technical and economic studies for the utilization and export of the mineral resources, a detailed Environmental Impact Assessment study, a local Government Agreement that includes an appropriate Corporate Social Responsibility ("CSR") plan, a Blasting Permit application, and land Quality Assurance plans. At the same time, Troy has commenced HPQ product offtake discussions that include metallurgical sampling by independent Chinese clients at their own laboratories. Following discussions with the relevant authorities, Troy is targeting a complete Mine Operating License before the end of 2025 or by early 2026 at the latest. *
* Any production decision in advance of obtaining a NI 43-101 compliant feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), scandium, vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America (through the Table Mountain, the Lake Owen and the St. Jaques projects) and Central-East Asia (through the Tsagaan Zalaa project). The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to deliver tangible monetary value to shareholders, state, and local communities.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Troy Minerals Inc.

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Mongolia records warmest September since 1940 www.xinhuanet.com

Mongolia reported its warmest September in 2025 since temperature records began, the National Agency for Meteorology and Environmental Monitoring said on Tuesday.
The country's average temperature last month was 0.6 degrees Celsius higher than a year earlier and 0.9 degrees above the long-term average, marking the highest September temperature since 1940, according to the agency.
Mongolia has an extreme continental climate characterized by long, cold winters and short, hot summers.

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Mongolia Projects Budget Surplus, Citing Strong Performance by "Erdenes Tavantolgoi" www.montsame.mn

On October 4, 2025, Prime Minister of Mongolia Zandanshatar Gombojav visited the "Erdenes Tavantolgoi” (ETT) company. A new mine has been commissioned at the Tsankhi section of the company, enabling the sale of high-quality coking coal at international market prices.
To revive the economy, increase coal transportation, exports, and sales, and ensure implementation of the Law on the National Wealth Fund, the Government of Mongolia imposed a three-month special regime at “Erdenes Tavantolgoi” JSC starting July 9, 2025. A team of Special Plenipotentiary Representatives was appointed to carry out this task, with the goals of improving governance, management, discipline, accountability, and eliminating conflicts of interest.
Byambasuren Urgamal, Head of the Government’s Special Representatives’ Team at Erdenes Tavantolgoi and Deputy Chief of the Cabinet Secretariat, presented the outcomes achieved during the special regime period. Key accomplishments include:
Resumption of previously suspended coal exchange trading, conducting 75 trades and selling 5.8 million tons of coal, generating USD 513.8 million in revenue;
Resolution of contract bottlenecks, increasing monthly coal transport from 1.7 million to 2.8 million tons — a 1.6-fold rise;
Improvement in equipment readiness from 56% to 81%;
Introduction of a Dashboard system enabling real-time monitoring of mining and transportation;
Development of a mid-term strategy (2026–2029) through government–company collaboration;
Commissioning of a new mine at the Tsankhi section, allowing a high-quality 1/3 coking coal to be sold at international prices,
A 40 percent increase in unit product economic efficiency.
Coal export of “Erdenes Tavantolgoi” this September marks the highest monthly export in the company’s history. The company exported 3.2 million tons of coal in September 2025, through Gashuunsukhait and Khangi border ports, while in August the company exported 2.7 million tons of coal.
During the special regime period, the team was tasked with accelerating national economic growth, increasing foreign exchange reserves, ensuring implementation of the National Wealth Fund Law, improving coordination across sectors, streamlining coal transportation, loading, and border-crossing processes, preventing potential risks, and strengthening the company’s management, control, discipline, and accountability. They were also instructed to address operational issues promptly.
Prime Minister Zandanshatar emphasized that the Special Plenipotentiary Representatives successfully fulfilled the Government’s directives and played a key role in stabilizing the economy, boosting foreign reserves, and restoring normal operations at “Erdenes Tavantolgoi.”  He expressed his gratitude to the team and the company’s staff for delivering tangible results. The continuation of the representatives’ mandate will be decided in a forthcoming Cabinet meeting.
The Prime Minister also noted that “Erdenes Tavantolgoi” played a vital role in contributing to Mongolia’s 5.7 percent economic growth. The Premier highlighted that coal trading and sales will increase further in October, November, and December, which will raise budget revenues and lead to a budget surplus.
Looking ahead, PM Zandanshatar stressed the need to reduce company expenditures, enhance efficiency and productivity, adopt technological solutions to ensure transparency in procurement and contracts, transform “Erdenes Tavantolgoi” into an open joint-stock company with public participation, and implement the National Wealth Fund Law by increasing company valuation and stock value.

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Five people sentenced to prison and 80 fined for “Coal” crimes www.gogo.mn

The Prosecutor’s Office has reported the outcomes of investigations into crimes related to coal mining, export, transportation, and procurement. A special working group was established to oversee these cases, and updates have been shared with the public 14 times through the media.
The working group investigated a total of 124 cases, involving 156 individuals and three legal entities. Of these, prosecutors filed charges against 108 individuals and three entities for offenses including abuse of power and official position, bribery, illicit enrichment, and money laundering.
Following court proceedings, 88 individuals were found guilty and held criminally liable. Among them:
5 people received prison sentences ranging from 2 years to 5 years and 9 months,
80 people were fined between MNT 3 million and 38 million,
63 people were prohibited from holding public office for 2 to 7 years.
The movable and immovable property valued at MNT 353 million, and MNT 14.9 billion obtained through the crime were confiscated from the defendants and turned into state revenue.
During the investigation process, financial movements totaling MNT 2.2 billion were restricted, and damages to the state were recovered in the amount of USD 194,384 and MNT 23.8 billion.
Of the cases submitted to court, trials for 20 defendants are still pending. Meanwhile, the working group continues to investigate 40 ongoing cases related to the “coal” offenses.

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Over 550,000 Trees Planted in Green Zone of Kharkhorum City www.montsame.mn

 As part of the development of Kharkhorum city, it is planned to plant and grow more than one million coniferous and deciduous trees and shrubs on 1,500 hectares of land.
According to the Ministry of Environment and Climate Change, more than 550,000 trees have already been planted by over 800 people from 40 organizations and enterprises, including those in the mining and forestry sectors, in collaboration between the public and private sectors.
The Forest Agency has introduced the Green Zone development project to the organizations, where participants have exchanged experiences and discussed both achievements and challenges.
From October 2 to 10, the Forest Restoration Department of the Forest Agency is conducting an official mission in Kharkhorum city to identify and register tree species, origins, and growth forms planted by contractors, as well as to monitor growth and calculate survival rates.

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FC Barcelona to Establish Youth Academy in Mongolia www.montsame.mn

Minister of Culture, Sports, Tourism, and Youth of Mongolia Undram Chinbat met with the President of the Kingdom of Spain’s renowned FC Barcelona, Joan Laporta, in Barcelona city.
During the meeting, President Joan Laporta expressed interest in supporting the development of Mongolian children and youth talents and announced the club’s decision to establish the “Barca Academy,” a youth football academy, in Mongolia in 2026.
The Ministry of Culture, Sports, Tourism, and Youth expressed policy-level support for this initiative and agreed to cooperate with the club. The two sides also reached a mutual understanding on potential areas and directions of cooperation.
Minister Undram Chinbat emphasized the significance of the decision in promoting sports development in Mongolia and nurturing the talents of children and youth in line with international standards, expressing appreciation for FC Barcelona’s partnership. The Minister also toured the new “Spotify Camp Nou” stadium construction site, as well as the club’s organizational structure and museum operations.
According to the Ministry, the meeting marks an important step for Mongolia’s sports development and the implementation of international-standard youth development programs.

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Singapore seals carbon credit deal with Mongolia www.straitstimes.com

The home to some of the world’s largest temperate grasslands has become the latest country to seal a carbon trading deal with Singapore.
This pact with Mongolia marks the 10th such agreement that the Republic has finalised since end-2023.
The bilateral agreement allows the Singapore Government and carbon tax-liable firms here to buy eligible carbon credits from Mongolia to offset a fraction of their planet-warming emissions.
The deal, dubbed an implementation agreement, was signed on Oct 6 by Minister for Sustainability and the Environment Grace Fu and Mongolian Minister of Environment and Climate Change Batbaatar Bat.
Ms Fu, who is also Minister-in-charge of Trade Relations, said the signing of the agreement marked the 55th anniversary of the establishment of diplomatic relations between Singapore and Mongolia.
“It reflects our shared ambition to build a sustainable, low-carbon future, and signals our commitment to work together to drive meaningful climate action and open up pathways towards sustainable development,” she added.
Mr Batbaatar said the endeavour will pave the way for a new model of international cooperation that benefits both people and the planet.

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