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    

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

NEWS

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Directly from Pfizer manufacturing plant to Mongolia www.news.mn

The United States is pleased to announce that the U.S. donation of 302,400 pediatric doses of Pfizer COVID-19 vaccine has arrived in Mongolia. These doses were delivered through COVAX and came directly from the Pfizer manufacturing plant in Kalamazoo, Michigan.
This donation brings the total number of COVID vaccine doses donated by the United States to Mongolia to more than 1.4 million. The United States remains committed to supporting the people of Mongolia as they move forward from this devastating pandemic. These donations through COVAX are part of that effort.
Since the beginning of the COVID-19 pandemic, the United States, through the United States Agency for International Development (USAID), has provided over $8.1 million in support to Mongolia. This assistance is providing life-saving medicine, testing kits, urgent medical equipment and supplies, oxygen therapy, and personal protective equipment. USAID also provided 50 high-quality ventilators in December 2020 and training for health workers throughout the country on how to manage critically ill patients. USAID supports risk communication campaigns, infection prevention and control efforts in health facility and school settings, and vaccine distribution assistance.
In addition, the United States has provided critical medical equipment for more than 570 medical facilities and helped train nearly 12,700 healthcare workers to conduct outbreak surveillance, use and manage U.S. government-donated medical equipment, and deliver quality care for COVID-19 patients.
The United States, as Mongolia’s third neighbor, will continue to support the health and wellbeing of the Mongolian people.
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Chemical giant may close plant due to gas shortage – WSJ www.rt.com

German chemicals major BASF may be forced to halt production at the world's biggest chemicals plant in Ludwigshafen, the Wall Street Journal reported on Monday, citing shortages of cheap and abundant Russian gas.
According to the report, BASF has used Russian natural gas for years to generate power and as feedstock for products that make it into toothpaste, medicine, and cars. However, dwindling Russian gas supplies are proving a threat to the company's vast manufacturing hub, it says.
"Cutting down production at this site will be a huge task," said BASF senior economist Peter Westerheide, as quoted by the WSJ. "We've never seen situations like this before. It's hard to imagine."
Germany triggers ‘alarm' stage of gas emergency plan
Read more Germany triggers ‘alarm' stage of gas emergency plan
With an area of approximately ten square kilometers, the Ludwigshafen complex spanning some 200 plants, accounts for about 4% of the total gas demand in Germany. Approximately 60% of the fuel used at the plant is meant to generate electricity, while the remaining 40% is feedstock for the production of chemical products, including ammonia and acetylene.
BASF estimates that if the chemical complex continues to receive more than 50% of the maximum volume of gas, operations could be continued. Otherwise, the work of the complex will have to be stopped.
Earlier this month, Russian gas flows to Germany through the undersea Nord Stream pipeline were cut by as much as 60% due to technical issues arising from Western sanctions against Moscow. In response to the crisis, the German government has launched the second 'alarm' phase of its three-level gas emergency plan. Berlin has warned it's facing a severe shortage of the fuel amid diminishing flows from Russia.
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Russia in debt default as payment deadline passes www.bbc.com

Russia is believed to have defaulted on its debt for the first time since 1998 after missing a key deadline.
Russia has the money to make a $100m payment, which was due on Sunday, but sanctions made it impossible to get the sum to international creditors.
The country had been determined to avoid the default, which is a major blow to the nation's prestige.
Kremlin spokesperson Dmitry Peskov, said "statements of a default were absolutely unjustified".
He added that an intermediary bank had withheld the money and that the reserves were blocked "unlawfully".
The White House said that Russia had defaulted on paying yields on its international bonds, crediting sanctions for effectively cutting Russia off from the global financial system.
Russia's finance minister called the situation "a farce" and said the situation is not expected to have short-term impact.
This is because Russia does not need to raise money internationally as it is reaping revenue from high-priced commodities such as oil, according to Chris Weafer, chief executive at Moscow-based consultancy Macro Advisory.
But he said it would create a "legacy" problem if the situation with Ukraine and international sanctions improves.
"This is the sort of action that will hang over the economy and make recovery much more difficult when we get to that stage," he said.
The $100m interest payment was due on 27 May. Russia says the money was sent to Euroclear, a bank which would then distribute the payment to investors.
But that payment has been stuck there, according to Bloomberg News, and creditors have not received it.
Meanwhile, some Taiwanese holders of Russian bonds denominated in euros have not received interest payments, according to the Reuters news agency, which cited two sources.
The money had not arrived within 30 days of the due date, that is, Sunday evening, and so is considered a default.
Euroclear would not say if the payment had been blocked, but said it adhered to all sanctions, introduced following Russia's invasion of Ukraine.
Russia disputed that it had defaulted on the debt. Kremlin spokesman Dmitry Peskov said it had made the payments due in May, and the fact that it was blocked by Euroclear because of sanctions was "not our problem."
Russia's economy in for a bumpy ride as sanctions bite
What sanctions are being imposed on Russia over Ukraine invasion?
Russia finance minister Anton Siluanov admitted foreign investors would "not be able to receive" the payments, according to the RIA Novosti news wire.
Because Russia wants to pay and has plenty of money to do it, he denied that this amounts to a genuine default, which usually occur when governments refuse to pay, or their economies are so weak that they cannot find the money.
"Everyone in the know understands that this is not a default at all. This whole situation looks like a farce."
Defaulting nations usually find it impossible to borrow any more money, but Russia is already in effect barred from borrowing in Western markets by sanctions.
Also, Russia is reportedly earning about $1bn a day from fossil fuel exports, and its finance minister Anton Siluanov said in April the country had no plans to borrow more.
Repayment trigger
The default will trigger repayments on a large chunk of Russia's debt, according to Mr Weafer.
About $40bn of Russia's debts are denominated in dollars or euros, with around half held outside the country.
"Some parts of that debt will now become automatically due because there will be early repayment clauses in all debt instruments so if you default on one it usually triggers the immediate demand for payment on the other debts, so Russia could certainly face immediate debt repayment of about $20bn at this stage," he told the BBC's Today programme.
Russia's last debt default of any kind was in 1998 as the country was rocked by the rouble crisis during the chaotic end of Boris Yeltsin's regime. At the time Moscow failed to keep up payments on its domestic bonds and defaulted on some overseas debt.
Russia has seemed on an inevitable path to default since sanctions were first imposed by the US and European Union following the invasion of Ukraine.
These restricted the country's access to the international banking networks which would process payments from Russia to investors around the world.
The Russian government has said it wants to make all of its payments on time, and up until now it had succeeded.
Default seemed inevitable when the US Treasury decided not to renew the special exemption in sanctions rules allowing investors to receive interest payments from Russia, which expired on 25 May.
The Kremlin now appears to have accepted this inevitability too, decreeing on 23 June stating that all future debt payments would be made in roubles through a Russian bank, the National Settlements Depository, even when contracts state they should be in dollars or other international currencies.
Meanwhile, Mr Weafer, who is based in Moscow, said that life was more or less operating as normal despite sanctions and Western companies withdrawing from Russia.
"If you're in Moscow right now frankly, if you weren't reading the newspapers, you'd see there's been a price increase but otherwise life is as it was before February 24.
"In March and April there was a lot of concern that products would disappear, that factories would not be able to get components or materials to continue operating and we could be looking therefore at a severe drop in employment or a rise in unemployment by the summer [or] early autumn. That situation has improved," he added.
"We've seen alternative import routes opening via Kazakhstan and Turkey, the government has promoted what they call a parallel import scheme so effectively a lot of products that were blocked in March and April are now starting to reappear, albeit at a higher price."
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Construction work for ‘Mars Research Station’ to be launched next year www.montsame.mn

President of the Mars Society Dr. Robert Zubrin visited Mongolia at the invitation of the ‘Mars V’ project team, which aims at establishing tourism model city in the Mongolian Gobi with an international space science and technology institute and an academy to train and prepare astronauts.
During the visit, Deputy Prime Minister of Mongolia S.Amarsaikhan received Dr. Robert Zubrin.
“Currently, the Gobi Desert of Mongolia is considered the most similar to the Mars so that space travel can be open not only for astronauts but everyone. Also, this uniqueness will make a valuable contribution to the development of tourism in our country,” noted project team members.
Dr. Robert Zubrin said, “The reason why we intend to establish the training station to prepare those who will be sent to the planet, and ‘Space Studies Free Zone’ in the Mongolian Gobi Desert is that the coldest Gobi, reaching -42 degrees Celsius, is found only in Mongolia. Scientist around the world proved that this weather condition is the most similar to the Mars.” He also expressed his commitment to launch massive construction work to build Mars Research Station next year.
In turn, Deputy Prime Minister S.Amarsaikhan said, “With the successful implementation of the project, it will become possible to develop a technology-based tourism and this will have a further positive impact on the Mongolian economy.”
Noting that the Government of Mongolia will provide all possible support, S.Amarsaikhan congratulated the ‘Mars V’ team and wished them success in their future endeavors.
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New generation hydroponic greenhouse project launched in Mongolia www.montsame.mn

As part of the national movement ‘Food Supply and Security’, initiated by the President of Mongolia U. Khurelsukh, Mongolia’s ‘Premium Group’ LLC and South Korea’s ‘Plant TFarm’ have started a project to jointly establish a new generation hydroponic greenhouse.
The opening ceremony of the project was attended by Chief of Staff of the Office of the President Ya.Sodbaatar, President’s Urban and Rural Policy Advisor O.Buyannemekh and other officials.
At the event, Y. Sodbaatar expressed gratitude to the companies for investment and cooperation at a time when President U. Khurelsukh set a goal to meet domestic demand for 19 types of main products over the next five years. He also stressed that he would support the introduction of new methods and technologies, workforce training, strengthening public-private partnerships, as well as any proposals and initiatives of companies in this regard.
Premium Group and South Korean Plant TFarm will invest a total of MNT 50 billion over the next three years to build a 4,700 sq.m greenhouse and 800 sq.m ancillary facilities.
“A hydroponic greenhouse has its advantages, in particular, it will be possible to harvest 60 times more crop per unit area compared to traditional cultivation, replace import products, deliver 2100 kg of leafy vegetables to the capital every day, reuse water, create jobs and improve public education on healthy food,” explained A. Ganhuyag, Chairman of the Board of Directors of Premium Group.
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All eyes on Mongolia as TMK Energy hits gassy coals for third time in Snow Leopard-3 www.marketindex.com.au

TMK Energy’s (ASX:TMK) third well at the Mongolian Gurvantes XXXV CSG project has intersected yet another thick downhole gas-bearing coal body.
Logged as a 47 metre intersection, the discovery marks a 100% success rate for TMK’s early exploration activities at Gurvantes.
TMK shares are up 10% in early trade.
So far, every single well the company has spud along a 6km strike has been a positive hit.
Further test results for Snow Leopard-3 are pending. TMK notes initial results are consistent with those of SL-1 and SL-2.
The success of all three wells points to the extension of coal formations in the Narrin Sukhait region of the Gobi.
A look at Snow Leopard-3 in the flesh
A look at Snow Leopard-3 in the flesh (TMK Energy)
Eyes on Mongolia: a future natural gas heavyweight?
A number of factors position Mongolia as a must-have location for a CSG project.
Firstly, the actual geology of coal deposits on site reflect gas-bearing rock bodies at shallow depths and with high permeability.
Meanwhile, proximity to China strategically allows operators to target sales into one of the world's top energy consumers, with demand expected to reliably grow for decades to come.
To this end, Mongolia's regulatory atmosphere has become accommodating to CSG operators in recent years.
Changes to energy exploration laws allowed for the first CSG permits to be awarded in 2018.
And then, there is an academic benefit: existing coal mining in the South Gobi region means while vast expanses remain unexplored for CSG, there is still a healthy body of geological data.
Geological technicalities provide support
If Snow Leopard-3 reflects similar geological traits to that encountered in its predecessor, SL-2, the company’s optimism will be palpable.
Testing downhole in SL-2 confirmed a millidarcy metre value of 1,090, ultimately meaning the gas molecules underground want to flow and get out.
A millidarcy metre is a mathematical unit used to measure the porousness of rock types.
Loose gravel can have millidarcy metres in the upper thousands, whereas solid granite has a millidarcy metre value <1.0.
TMK Energy partners with Talon Energy (ASX:TPD) at Gurvantes.
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Asia coal prices hit record on hot global competition for fuel www.bloomberg.com

A worsening global fuel shortage catapulted Asia’s coal benchmark to a record, threatening to boost power bills and add to inflation woes.
Spot physical coal at Australia’s Newcastle port jumped 3.4% to a record $402.50 a ton on Friday, according to a biweekly index compiled by IHS Markit seen by Bloomberg. That’s the first time the highly watched spot index rallied above $400.
Power generators across Asia and Europe are rushing to secure additional coal shipments as a replacement to dwindling natural gas supplies, while miners are struggling to increase output. Germany and Austria are reviving idled coal power plants in response to Russian gas supply curbs, while Japan and South Korea are stockpiling the fuel ahead of hotter summer weather.
Intense competition for a dwindling pool of available coal supply threatens higher power bills for households, as well as shortages for poorer emerging nations such as Pakistan. The surging demand spells a remarkable comeback for a commodity that many thoughts was on its way to being phased out.
Hotter-than-normal weather in northern China is pushing power demand to an all-time high, increasing the consumption of coal.
A coal shipment for July delivery to Europe was sold at $421 a ton on Friday, an all-time high for the region, according to traders. Asian shipments were also trading above $400 last week, traders added.
(By Stephen Stapczynski)
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Millennium Road Project fully completed after 21 years www.montsame.mn

A 67-km Tosontsengel-Uliastai road was commissioned today, June 27, completing the Millennium Road project, which was aimed at connecting 21 aimags of Mongolia with the capital city by paved roads. The opening ceremony was attended by Prime Minister of Mongolia L.Oyun-Erdene along with some members of the State Great Khural and the Government.
“Today is marking the historic day when this road is commissioned and Mongolia has fully connected 21 aimags with the capital city of Ulaanbaatar by paved roads. The Millennium Road project, which stretches for more than 7,000 kilometers, has been successfully completed after 21 years. This is a clear example of how long it takes to implement a long-term development policy, and how success can be achieved if the continuity is maintained”, said Prime Minister L.Oyun-Erdene before thanking the relevant authorities, investors, engineers, and technicians for their efforts in making the project success.
While expressing his delight with the fact that the commissioning of the auto road coincides with the first summer of the ‘New Revival Policy’, the Prime Minister stressed that this is one of the few projects that has fully resolved the investment issue in accordance with the policy of resolving the financing of large projects and programs that have been stalled for many years and have not been completed yet.
This summer, major construction projects such as the construction of the 416-kilometer Tavan Tolgoi-Gashuunsukhait railroad and the 226-kilometer Zuunbayan-Khangi railroad will be completed and the construction of the Bichigt-Zuunkhatavch and Artssuuri-Shiveekhuren railroads will commence. As a result, all the border ports will be connected by auto roads and strategic ports by railroads. This will enable Mongolia to increase its capacity for transportation, logistics, and volume of exports and imports by 3-4 times.
It was highlighted during the ceremony that the commissioning of the road has shortened the travel duration between Tosontsengel and Uliastai to 30-40 minutes, which used to take 2-3 hours.
At the end of his remarks, the Prime Minister expressed confidence that this road would play an essential role in enhancing economic and social development as well as tourism development of Zavkhan aimag.
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Ulaanbaatar Dialogue on Northeast Asian Security wraps up www.montsame.mn

The 7th ‘Ulaanbaatar Dialogue on Northeast Asian Security’, which was held between June 23 and 24 wrapped up.
In his closing remarks, Secretary of State of the Ministry of Foreign Affairs N.Ankhbayar said that Mongolia had successfully organized the 'Ulaanbaatar Dialogue' international conference, which was suspended in 2020-2021 due to the COVID-19 pandemic, and that government officials and scholars exchanged views on security issues in the Asian region, ways to overcome them and build trust. Noting that the conference has become a traditional platform for discussions on regional security issues, he emphasized that dialogue is the ideal way to resolve any regional and international issues.
After the closing session, a delegation from the conference visited the State House and posed for a photo with the President of Mongolia U.Khurelsukh.
The conference was attended by about 150 representatives from more than 20 countries, about 30 international organizations and research institutes.
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US court upholds Arizona land swap deal for Rio Tinto copper mine www.reuters.com

A US appeals court has ruled that the federal government may give thousands of acres in Arizona to Rio Tinto Plc for a copper mine, upholding a lower court’s ruling and rejecting a request from Native Americans who said the land has religious and cultural import.
The 2-1 ruling from the San Francisco-based 9th US Circuit Court of Appeals, issued late Friday night, essentially defers to a 2014 decision made by the US Congress and then-President Barack Obama to give the land to Rio for its Resolution Copper project as part of a complex land swap deal.
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Apache Stronghold, a nonprofit group comprised of members of the San Carlos Apache tribe and others, said it would appeal to the US Supreme Court.
The Arizona dispute centers on the federally owned Oak Flat Campground, which some Apache consider home to deities and which sits atop a reserve of more than 40 billion pounds of copper. If a mine is built, it would create a crater 2 miles (3 km) wide and 1,000 feet (304 m) deep that would destroy that worship site.
Rio and minority partner BHP Group Plc have already spent more than $1 billion on the project without producing any copper.
While two judges said they were sensitive to Apaches’ religious concerns, they stressed their ruling was narrowly tailored to the question about whether the government can do what it wants with its own land and whether the land transfer would prevent Apaches from practicing their religion.
“As we reach this conclusion, we do not rejoice. Rather, we recognize the deep ties that the Apache have to Oak Flat,” the court said it its 58-page ruling. “This dispute must be resolved as are most others in our pluralistic nation: through the political process.”
The dissenting judge said it was “absurd” and “illogical” to think the land swap would not impede Apaches’ religious rights.
A bill under consideration in the US Congress would undo the 2014 land swap, though its fate is unclear. President Joe Biden took steps to pause the land swap last year, though he has few options to delay it indefinitely.
“All the evidence suggests that the land exchange was meant to facilitate mineral exploration activities – nothing more and nothing less,” the court said in the ruling. The proposed mine project comes as demand jumps for copper to make electric vehicles (EVs) and other electronic devices.
Wendsler Nosie, one of the leaders of Apache Stronghold, denounced the decision. “My children, grandchildren, and the generations after them deserve to practice our traditions at Oak Flat,” he said.
Rio, which is based in Australia and Britain, said it would continue to talk with Apaches and others opposed to the mine. “There is significant local support for the project, however, we respect the views of groups who oppose it and will continue our efforts to understand, address and mitigate these concerns,” said Rio spokesperson Simon Letendre.
Mila Besich, the Democratic mayor of Superior, the town closest to the campground, and a supporter of the mine, said she was relieved by the ruling. “The 9th Circuit ruling provides further confirmation that the permitting must continue,” Besich said.
Representatives for BHP were not immediately available to comment. Terry Rambler, chairman of the San Carlos Apache tribe, was not immediately available to comment.
(By Ernest Scheyder; Editing by Chizu Nomiyama)
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