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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Rio Tinto to help Mongolia tackle desertification www.news.mn

Rio Tinto Ltd on Friday signed an agreement with Mongolia’s environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine.
Between 2022 and 2026, the Anglo-American miner’s local unit will help the east Asian country tackle its national climate change commitments, as the region faces increasing number of natural and climate disasters, including forest fires and droughts. Rio Tinto’s local unit, the Ministry of Environment and Tourism of Mongolia will establish a joint team to develop and execute projects to tackle climate change and desertification. The team will also to an extent implement 2030 sustainable development goals.
While the global average temperature has warmed by 0.86 degree Celsius (33.548 Fahrenheit) in the last century, Mongolia’s average temperature has risen by 2.25С in the last 80 years, Rio said in a statement.
Oyu Tolgoi is one of the world’s largest-known copper and gold deposits located in the South Gobi region of Mongolia, a land-locked nation between China and Russia prone to earthquakes and natural disasters. Turquoise Hill Resources holds a 66% stake in the mine, with the remaining 34% interest owned by the Mongolian government. Rio Tinto has a 51% stake in Turquoise and is vying for the full control of the Canadian miner.
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Mongolia’s ambitious road construction completed www.news.mn

In 2001, the Mongolian Government launched the Millennium Road project to connect all 21 provinces to the capital city of Ulaanbaatar with paved roads. After 21 years, the project has finally completed as Mongolia constructed more than 7000 km paved roads.
On Sunday (26 June), Mongolia opened the 67 km road between Tosontsengel and Uliastai cities of Zavkhan province. The most difficult part of the Uliastai–Tosontsengel road is the Mountain pass Zagastain Davaa (‘Fish Pass’) is 48km northeast of Uliastai. Travelers usually spend 2-3 hours for driving through the mountain pass. Now, the time has been cut to 30-40 minutes as paved road completed en route Uliastai–Tosontsengel.
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MIAT plans to launch B737-8 operations in July www.news.mn

MIAT – Mongolian Airlines is planning to launch B737-8 operations in July 2022, more than three years after the delivery of the only unit of the type, but will only proffer it to the ACMI market for the time being.
Broker Zela Aviation said EI-MNG would be available for long-term wet-lease deals. The aircraft is configured for up to 162 passengers, including 12 in business class.
MIAT took delivery of the aircraft on March 10, 2019, a few days before the type was grounded globally. Even though the B737 MAX was cleared to fly in the United States in late 2020 and subsequently in most other countries, Mongolia’s only two neighbours, China and Russia, have yet to permit its operations.
As such, MIAT cannot operate the aircraft commercially on international routes. Flightradar24 ADS-B data shows it operated a single technical flight in March 2022. Since then, EI-MNG has been stored at Uléi. It is owned by Avolon, the ch-aviation fleets ownership module shows.
The Mongolian flag carrier also operates three B737-800s and a single B767-300(ER). The B767 is also available for long-term wet-lease commitments through Zela Aviation, while one of the B737s will become available starting with the Winter 2022 season.
Separately, the Mongolian Government has decided to provide USD 46mn in soft loans to MIAT in order supporting the airlines to attract tourists.
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Judo: Women shine on Day 3 of Mongolia's Ulaanbaatar Grand Slam www.euronews.com

After two fantastic days of Judo in Mongolia, Day 3 of the inaugural Ulaanbaatar Grand Slam saw the whole judo world on tenterhooks for the heavyweights.
In front of a packed-out stadium, the final day saw the women rise to the occasion, showcasing incredible power and skill.
Among them was the under 78-kilogramme Japanese judoka and 2015 World Champion, Umeki Mami.
She took on Israel’s Inbar Lanir who has been making her mark in the category. But Umeki’s experience won out, with a powerful uchi-mata, winning her 9th World Judo Tour gold medal.
"My opponent in the final has a lot of momentum behind her at the moment. I decided to focus on a strong gripping tactic so that I could win the contest," Umeki Mami, gold medalist in the -78kg category said.
Mami was awarded her medal by a Mongolian parliament MP Damdiny Tsogtbaatar.
Mongolian hopes dashed in the +78kg category
In the over 78 kilogramme category, local hopes rested on the ever-consistent Adiyasuren Amarsaikhan. The heavyweight Mongolian had the support of the crowd and her teammates and dominated throughout her fights to earn a spot in the final.
There she met one of the most dynamic fighters in the category, Raz Hershko of Israel.
Hershko used her well-known dropping attacks, which although did not score, opened up an opportunity to transition into groundwork. A strong pin ended hopes for a Mongolian gold at the heavyweights.
The medals were awarded by Mongolian MP Badmaanyambuugiin Bat-Erdene.
Raz Hershko wins Gold in +78kg category
Korea’s Kim Hayun delivered a phenomenal ippon in the over 78kg bronze contest. After winning the Grand Prix in Portugal earlier this year, and taking bronze in Paris, she is surely one to watch in the category.
Day 3 medalists
After the three days of competition, the IJF neutral banner topped the medals board with five gold medals, two silver and two bronze.
Japan tallied four gold, one silver and two bronze; Mongolia came third, with a total of two gold medals, four silver and five bronze.
The popularity of judo in Mongolia has grown immensely, largely due to their recent successes, and the young heavyweights were there to prove that the future is bright. Thank you, Ulaanbaatar, for hosting a great event and see you next year!
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Bichigt and Ulikhan ports’ development issues discussed with ambassadors www.montsame.mn

On June 23, Prime Minister L.Oyun-Erdene received Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia I.K.Azizov and Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Mongolia Chai Wenrui.
Stressing that the great importance is being given to the development of border crossings within the framework of the New Revival Policy of the Government of Mongolia, the Prime Minister asked the ambassadors to pay special attention to the development and modernization of border crossings.
Prime Minister L.Oyun-Erdene expressed interest in cooperating closely to expand the Ulikhan border point on the Mongolian-Russian border, build a paved road to the border point and increase traffic.
Last May, the Prime Minister visited Umnugobi aimag to inaugurate the construction of a transloading terminal at the Gashuunsukhait border checkpoint, and to become acquainted with Tavantolgoi-Gashuunsukhait railroad complex project. Following the Prime Minister's visit to China, talks on Gashuunsukhait-Gantsmod border point development and related construction works have been intensified, for which Prime Minister L.Oyun-Erdene thanked the Chinese Ambassador for his effort.
The PM said that construction of the new Zuunbayan-Khangi railway, a new export and import gateway, has commenced and is expected to be commissioned in the fourth quarter of this year. Construction of a transloading terminal is underway at Shiveekhuren border point. Therefore, the Chinese Ambassador was requested to pay special attention to increase the freight traffic at the permanent border crossing between the two countries, to resume the operation of Bichigt-Zuunkhatavch port in the near future, to commence passenger transportation as well as create conditions for mutual travel of citizens.
The ambassadors said that they would introduce the proposal of the Prime Minister of Mongolia to their Governments.
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Mongolia-Germany trade and economic relations to be expanded www.montsame.mn

The regular political consultative meeting between the Ministry for Foreign Affairs of Mongolia and the Federal Foreign Office of Germany was held in Ulaanbaatar on June 23.
The meeting was attended by Deputy Director of the Asia-Pacific Department of the Federal Foreign Office of Germany Dr.Martin Tummel.
During the meeting, the two sides exchanged information on the current social and economic situation of the two countries and the implementation of goals, and discussed a wide range of issues on the bilateral cooperation between Mongolia and Germany, as well as within regional and international organizations.
The sides had a discussion on various topics covering Comprehensive Partnership cooperation such as expanding bilateral trade and economic relations, deepening cooperation in defense, culture, education and transport fields, intensifying bilateral dialogue mechanisms as well as marking the 50th anniversary of the establishment of diplomatic relations between the two countries.
The German side informed that the country is resuming its official development assistance and cooperation to be implemented in Mongolia, and affirmed to launch bilateral talks in near future.
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Russian SWIFT replacement ready for BRICS – Putin www.rt.com

Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT.
While addressing a BRICS business forum, Putin said that together with its partners – Brazil, India, China and South Africa – Moscow is developing reliable alternatives for international payments.
“The Russian system for transmitting financial messages is open to connecting banks from the five countries,” he said, adding: “The geography of the use of the Russian payment system Mir is expanding.”
The Russian president also noted that work is underway to create an international reserve currency based on a basket of BRICS currencies.
SPFS has similar functionality to SWIFT and allows the transmission of messages between financial institutions in the same format. It was created by the Bank of Russia as an alternative to the Belgium-based system in 2014, when Moscow was hit with Western sanctions over the conflict in Ukraine.
In April, Russian Central Bank governor Elvira Nabiullina said most Russian lenders and 52 foreign organizations from 12 countries had received access to SPFS, and that the regulator would keep the identity of payment system members secret.
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Germany takes step closer to gas rationing www.bbc.com

Germany has taken a step closer to gas rationing after a drop in supplies from Russia.
The country has triggered the "alarm" stage of an emergency gas plan to deal with shortages, Germany's economy ministry said.
It is the latest part of a standoff between the European Union and Russia over its invasion of Ukraine.
German economy minister Robert Habeck said Russia was using gas "as a weapon" in response to EU sanctions.
"We must not fool ourselves. The cut in gas supplies is an economic attack on us by [Russian President Vladimir] Putin," Mr Habeck said, adding Germans would have to reduce consumption.
"It is obviously Putin's strategy to create insecurity, drive up prices and divide us as a society," he added. "This is what we are fighting against."
Mr Habeck said there would "hopefully never" be a need to ration gas for German industry, but he added: "Of course, I can't rule it out."
Emergency plan
Germany has now moved to the second stage of its three-part emergency plan, which is triggered when there is disruption or very high demand for gas.
The German government will provide €15bn (£13bn) of loans in an attempt to fill gas storage facilities.
It will also start to auction gas to industry to encourage big businesses to use less.
Moving to stage two of the plan puts more pressure on suppliers and network operators to balance out disruption by taking measures such as finding alternative sources for gas.
However, the country stopped short of letting utilities pass on soaring costs to customers, although that is theoretically possible under stage two.
Gas firms already had to ensure supplies under the first stage of the emergency plan, while gas network operators were reporting to the Economy Ministry at least once a day, and electricity grid operators had to ensure grid stability.
State intervention would happen under the third stage when there is a significant disruption to supply which the market cannot cope with, meaning supplies are rationed.
In the third stage, supply to industry would be restricted first, while households and critical institutions such as hospitals would continue to get available gas.
Twelve European Union countries have now been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said on Thursday.
Russia cut flows through its Nord Stream 1 pipeline to 40% of capacity last week citing problems with equipment, affecting countries including Germany.
It had already cut gas supplies to Poland, Bulgaria, the Netherlands, Denmark and Finland over their refusal to comply with a new payment scheme.
Nathan Piper, head of oil and gas research at Investec, said the continuing restrictions to gas supplies from Russia to Europe was a "worrying development".
"Effectively, all bets are off on what could happen next," he said. "Any pretence that Russia is a reliable provider of gas supplies has gone."
During the summer months disrupted gas supplies are "less of a pressing concern", but he said the situation could become worse as winter approaches and people need more heating.
Whether Germany has to start rationing gas "remains to be seen", but if prices surge into the winter German industry is likely to start rationing by itself as the use of gas becomes uneconomical, he said.
UK impact
The Ukraine war has hit the UK economy in a number of ways, such as by pushing up energy bills.
Inflation - how quickly prices rise across the board - continued at its fastest rate for 40 years in the UK in May, with fuel and energy costs its biggest drivers.
While the UK gets less than 5% of its gas from Russia, UK gas prices are affected by fluctuations in the global markets.
"Higher prices in Europe will mean UK gas prices rise too as gas users compete for the same limited sources of alternative supply," Mr Piper said.
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AGVs to be piloted at Gashuunsukhait-Gantsmod border checkpoint www.montsame.mn

At the regular Cabinet meeting, it was decided to pilot automatic guided vehicles (AGV) at the Gashuunsukhait-Gantsmod border checkpoint.
The decision was aimed at facilitating workload and increasing coal exports by 10 million tons according to the estimations. Prime Minister L.Oyun-Erdene instructed the relevant officials to pilot launch the AGV by July 5.
It will also be introduced at Shiveekhuren-Sekhee and Khangi-Mandal ports in the near future. It is crucial for Mongolia to increase its exports during the time when the coal price is high in the international market, and the Government hopes that AGV will play an important role in this regard.
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Mongolia reports 58 new coronavirus infections www.akipress.com

Mongolia reported 58 new coronavirus infections, the coronavirus statistics as of June 23 showed.
27 of them were revealed among persons who had contact with the infected in Ulaanbaatar, 31 other cases were detected in regions.
No new imported cases of COVID-19 were reported.
The death toll makes 2,118 as of June 23.
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