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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Events

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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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China sends 3 astronauts to complete its space station www.nhk.or.jp

China says it has successfully launched a spacecraft with three astronauts tasked with completing the country's space station.
State-run China Central Television reported that the Shenzhou-14 took off from the Jiuquan Satellite Launch Center in northwest China after 10:40 a.m. on Sunday, Beijing time.
The spacecraft entered its planned orbit 10 minutes later, and the launch was declared a success.
The three astronauts will spend six months in the space station, which the Chinese authorities plan to complete by the end of this year. Their mission will include the docking of two lab modules.
China has been speeding up its space program. It has sent unmanned probes to the moon and Mars and aims to become a leader in space development.
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Russia ramps up gas supply to China www.rt.com

Russian energy giant Gazprom said this week that gas exports to China via the Power of Siberia pipeline have continued to grow. The deliveries are part of “a bilateral long-term contract between Gazprom and China National Petroleum Corporation (CNPC),” the company said on its official Telegram channel.
The 3,000km (1,864 mile) cross-border pipeline started official deliveries of Russian natural gas to China in 2019. The so-called eastern route’s capacity is 61 billion cubic meters of gas per year, including 38 billion cubic meters for export. In 2020, Gazprom supplied 4.1 billion cubic meters of gas to China via the Power of Siberia.
The agreement on gas supplies via the pipeline was reached in 2014, with Gazprom and CNPC signing a 30-year contract. The $400 billion agreement is Gazprom’s biggest deal ever and the Power of Siberia is the first natural gas pipeline between Russia and China.
According to Gazprom, it is currently working on the Power of Siberia 2 project, which involves the construction of a gas pipeline to China through the territory of Mongolia. The pipeline will be capable of delivering as much as 50 billion cubic meters of gas once it’s operational.
Gazprom intends to become China’s biggest natural gas supplier, accounting for more than 25% of Chinese imports by 2035.
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MOU to be established with SpaceX www.montsame.mn

On June 2, Secretary of State of the Ministry of Digital Development and Communications B.Bolor-Erdene held a virtual meeting with President and COO of SpaceX Gwynne Shotwell.
During the meeting, the sides discussed when Starlink's services are planned to be available in Mongolia, the current scope of the network, and the possibilities of cooperation.
Starlink emphasized the importance of constructing ground stations in Mongolia because of its vast territory. Due to the unique attributes of the land, not one, but several ground stations must be built, and Mongolia is required to provide necessary fiberoptic cables and internet connections. As a result, Mongolia will need some time to construct and operate the ground stations.
Starlink also highlighted the significance of the Ministry's Digital Nation policy in establishing a nationwide digital infrastructure and delivering Internet access in rural, isolated, and tourist areas.
Moreover, the company and the Ministry agreed to establish MOU in other areas.
Source: Ministry of Digital Development and Communications
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Tickets on sale for Ulaanbaatar Grand Slam-2022 tournament www.montsame.mn

As part of the 2022 IJF World Tour, the Ulaanbaatar Grand Slam tournament will be held at Steppe Arena in Ulaanbaatar city between June 24 and 26.
Three types of tickets will be sold for the event:
• Group-stage matches - MNT 30,000 (1 day),
• Finals - MNT 50,000 (1 day,)
• and VIP ticket for all three days of the tournament - MNT 1,000,000, which will be sold in limited quantities as it also includes refreshments, restaurant services, and other advantages.
Tickets are available for purchase at the Central Sports Palace.
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Foreign Minister holds telephone conversation with her Russian counterpart www.montsame.mn

On June 2, Minister of Foreign Affairs of Mongolia B.Battsetseg had a telephone conversation with Minister of Foreign Affairs of the Russian Federation S.V. Lavrov.
The Foreign Ministers noted that relations and cooperation between the two countries are developing at the level of a comprehensive strategic partnership, and exchanged views on some issues of mutual interest, including recent visits, trade, and economic issues.
They also discussed some issues of international relations and cooperation within some international organizations.
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Elon Musk to open Starlink satellite internet service in Mongolia by 2023 www.news.mn

Elon Musk, the founder of Space X and Tesla, the richest man in the world, founded a company called Starlink Services Mongolia in Mongolia. The company is registered on the website of the State Registration Agency of Mongolia, at the address 1001, 10th floor, Metro Business Center, 6th khoroo, Ulaanbaatar, Sukhbaatar, and was established on 21 March.
Furthermore, State Secretary of the Ministry of Digital Development and Communications B.Bolor-Erdene held online meeting with Gwynne Shotwell, president and chief operating officer of SpaceX on 2 June.
SpaceX president Gwynne Shotwell noted that the company need to build several satellite ground stations in Mongolia due to geographical challenges. Mongolia is the world’s largest landlocked country.
According to Starlink’s official webpage, the satellite internet service will be launched by 2023.
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Mongolians to be alerted when their personal data is used www.news.mn

To help the people of Mongolia take ownership of their personal data, its government recently required that notifications to be sent to citizens when government agencies use their data. This is to an extent not usually seen in many countries.
For example, if a Mongolian makes an application to the tax authority, he will get a notification through an electronic government services app that the authority is checking his data when processing the application. If he does not get this alert, he can file a complaint through the app, called e-Mongolia, to a centre that comes under the Mongolian prime minister’s office. For healthcare, if a doctor checks a patient’s health records, the patient will be notified on the app about this. It tells him which hospital and doctor were involved, and the time this check was done, among other things.
Mongolia’s Parliament passed the Law on Personal Data Protection in December last year and it took effect in May. It is said to be more stringent than the previous legislation when it comes to personal data. According to Ministry of Digital Development and Communications, in future, the government will develop a system in which citizens can give approval for the use of their data. If they refuse, their data cannot be accessed.
Notifying citizens when the government uses their data is one way Mongolia is trying to balance its aims of digitalising with rising online threats such as cyber attacks and scams.
In October 2020, the country launched the e-Mongolia platform to provide citizens with more government services digitally. Initially, there were about 180 public services available. Now, this has grown to over 650. For instance, citizens living in the countryside, like herdsmen, can apply for passports online instead of spending hours travelling to towns or cities to do so.
The government is also working to digitalise the healthcare sector. Citizens can make appointments with hospitals and get medical test results online.
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MBD business mission successfully completed in London, UK www.mongolianbusinessdatabase.com

25 Mongolian business delegates mostly accounting and financing sector were attended MBCC's (Mongolian-British Chamber of Commerce) "Doing business with Mongolia" seminar and business program in London, UK through May 23-31. We (Mongolian Business Database) assumes at least 2-3 new business follow up talks and negotiations will be developed among the British and Mongolian businesses from this mission.

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Global economy faces 'its biggest test' since WWII www.cnn.com

Davos, Switzerland (CNN Business)The global economy is being brought to the edge of a precipice by crisis upon crisis.
As the first World Economic Forum to be held in person since 2020 opened in Davos, Switzerland on Monday, the International Monetary Fund said the economy faces "perhaps its biggest test since the Second World War."
"We face a potential confluence of calamities," IMF Managing Director Kristalina Georgieva said in a statement.
She warned that Russia's invasion of Ukraine has "compounded" the effects of the Covid-19 pandemic, weighing on the economic recovery and fanning inflation as the cost of food and fuel jumps.
Rising interest rates are adding to pressure on countries, companies and households with big piles of debt. Market turbulence and ongoing supply chain constraints also pose a risk.
And then there's climate change.
To limit the economic stress, the IMF is calling for government officials and business leaders meeting in Davos to discuss lowering trade barriers.
But as countries battle growing dismay about the cost-of-living crisis at home, some are heading in the opposite direction, implementing restrictions on trade in food and agricultural products that can exacerbate shortages and push up prices globally.
Earlier this month, India's decision to ban the export of wheat sent the price of the grain soaring, even though it's a relatively small exporter. Indonesia banned most exports of palm oil in April to protect domestic supplies, but will lift the ban this week.
— This is a developing story and will be updated.
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TMK, Talon Energy hit strong coal-gas deposits in Mongolia www.marketindex.com.au

TMK Energy (ASX:TMK) and Talon Energy (ASX:TPD) have jointly announced the discovery of a 70 metre thick gas-bearing coal body at 167 metres depth onsite the partnerships’ Mongolia-based Gurvantes CSG Project in the southern region of Mongolia’s Gobi Desert, Nariin Sukhait.
TMK holds a 100% interest in the project, Talon Energy retains a 33% working interest which it acquired via farm-out last year.
Preliminary results from downhole the recently spud Snow Leopard-2 well (SL-02) “indicate high gas contents,” the partnership states, and is currently at a depth of 360 metres.
The 70m thick coal body identified today was located at 167m depth, a relatively shallow depth compared to the full capability of the drill rig on-site.
The total planned depth for SL-02 sees it conclude at 600m. Upon completion of the drill run, further downhole tests will be conducted.
(Source: Talon Energy) A map detailing the location of the Gurvantes Project
(Source: Talon Energy) A map detailing the location of the Gurvantes Project
Promising signs already for first two Gurvantes wells
The partnership interprets initial gas results to reflect gas contents of between 11.4 metres cubed per tonne and 15.2m3/t.
Meanwhile, the company continues to interpret datasets from the Snow Leopard-1 well, with over 40 samples being used to build a better idea of geology and recoverable downhole gas.
Coal quality data, according to the partnership, indicates bituminous coal ranked in between A and B types, consistent with the Surat and Bowen Basin CSG geologies in Australia.
Harsh terrain impacting equipment, but nothing major
While the results are promising news for the partnership, it did note some operational challenges in carrying out technical tests in SL-02 due to the quality of equipment, hole conditions, and “testing methods.”
The partnership expects these issues to be remedied quickly, and do not threaten the economics of the project.
New equipment is being mobilised on-site.
WRITTEN BY
Jonathon Davidson
Journalist
Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.
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