1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Category

Events

Events

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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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Senior Asian Wrestling Championship begins today in Mongolia www.newsonair.com/

The senior Asian Wrestling Championship will begin today in Mongolia. 30 Indian wrestlers, including Olympic medallists Ravi Dahiya and Bajrang Punia, will participate in the event. A total of 20 wrestlers from the men’s team across the Freestyle and Greco-Roman categories and 10 from the women’s team are participating in the event. Sports Authority of India has sanctioned 1.28 crore rupees for the participation of the Indian wrestlers.

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ION's CEO & Technical Team Embark on Site Visits in Mongolia www.juniorminingnetwork.com

Toronto, Ontario--(Newsfile Corp. - April 18, 2022) - ION Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is excited to provide an operational update, while our team conducts site visits in Mongolia.

ION Energy's CEO, Ali Haji, is in Mongolia for strategic site visits from April 16th to 26th, in anticipation of sharing plans with the market for our pending drilling programs. He will be accompanied by senior technical team members, including: ION Director, Enkhtuvshin Khishigsuren, with 30 years of Mongolian mineral discovery experience, Don Hains, P.Geo, MBA, Lead Technical Advisor, and Dr. Mark King, PhD, PGeo.

"Now that borders are fully open, I'm delighted to have foremost industry experts see our projects firsthand and work with our Mongolian team to kick off the next phase of our fully-funded exploration programs. Our preliminary results have reinforced the long-term lithium potential at our Baavhai Uul project and Urgakh Naran projects, as we strive to play a pivotal role in Asia's battery metals supply hub. I'm really excited to provide updates from Mongolia, over the coming days," says Ali Haji, CEO & Director of ION Energy Ltd.

This visit also provides ION's CEO the opportunity to personally thank the dedicated exploration team members for their commitment and flexibility since the onset of the pandemic, in furthering our maiden drilling program at the flagship Baavhai Uul lithium brine site, while keeping each other safe and healthy.

ION's Exploration Programs:

This in-country visit is a significant milestone for ION Energy, after two years of pandemic-related delays and border closures. The following highlights how the Company plans to advance each of these programs:

  • TEM Geophysics; and
  • Hydrogeological Sampling

Junior Mining NetworkFigure 1. Baavhai Uul and Urgakh Naran Projects' Site Visit.

Junior Mining NetworkFigure 2. Urgakh Naran 2022 Exploration Plans: Already Commenced

"Live from Mongolia": 15 minute Shareholder Summit - April 25th:

Save the Date, and Join Us on April 25th at 8:30 am EST.

ION Energy's CEO will provide a quick update following the site visits, and you'll have an opportunity to ask him questions about our next key milestones. Register HERE.

About ION Energy Ltd.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is committed to exploring and developing Mongolia's lithium salars. ION's flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world's increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com.

For further information:

COMPANY CONTACT: Ali Haji, ali@ionenergy.ca, 647-871-4571

MEDIA CONTACT: Siloni Waraich, siloni@ionenergy.ca, 416-432-4920

Cautionary Note Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Important factors that could cause actual results to differ materially from ION Energy's expectations include, among others, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of lithium, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

 
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The Bank of Mongolia to support green and sustainable financing system www.montsame.mn

On April 18, the Bank of Mongolia and the Mongolian Sustainable Finance Association established a memorandum of understanding on cooperation.

 

The MoU aims to introduce and develop green and sustainable development financing products and services into banking and financial sector, and promote its implementation.

 

Climate change and environmental degradation are also issues of concern for Mongolia. Thus, the Bank of Mongolia is joining the global movement to study the impacts of climate change, cooperate with international organizations, public and private organizations to develop a green and sustainable financing system, and promote its implementation by using monetary policy and financial regulatory tools.

 
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India assures Mongolia of help in space, telecom and energy sectors www.economictimes.indiatimes.com/

India has assured Mongolia, a neighbour of China, assistance to develop its space, telecommunications and energy sectors including expediting creation of an oil refinery.

The assurance was extended during last week’s visit of Deputy NSA Vikram Misri who called on President of Mongolia Ukhnaagiin Khürelsükh. Misri is understood to have given assurance on the timely completion of the oil refinery project being built with Indian assistance.

Mongolia is the beneficiary of India’s single largest LoC for construction of $ 1.236 billion Oil Refinery Project in Dornogobi Province capable of producing 1.5 million MTA oil, roughly 3/4th of domestic the country’s consumption. It is expected to be completed by the end of this year and Engineers India Limited are part of the project.The refinery will address 75 percent of Mongolia’s requirements. The country sources its fossil fuel from its biggest neighbour and traditional ally, Russia. India is also assisting Mongolia build its railway and power infrastructure to help transport Mongolia’s mineral wealth, according to persons familiar with the development.

 

 

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Korean LCCs to join the Incheon-Ulaanbaatar route from summer www.m.mk.co.kr

Jeju Air and T’way Air have become South Korea’s first low-cost carriers to fly on Incheon-Ulaanbaatar route that has been dominated by the country’s full-service carriers Korean Air Lines and Asiana Airlines.
South Korea’s Ministry of Land, Infrastructure and Transport on Thursday announced it has issued Jeju Air and T’way Air licenses to fly between capital regions of Korea and Mongolia starting this year during a meeting of its air transportation deliberation commission after two-year hiatus due to the pandemic.
With the new license, Jeju Air will off flights four times per week, while T’way Air flies three times per week from June through September.
This is the first time for budget airlines to operate flight in the lucrative route from Korea to Mongolia. With the addition of LCCs, the flight fare on the route with passenger occupancy rate of more than 80~90 percent during the peak season between June and September is expected to go down as the result of end to the monopoly by the country’s full-service carriers Korean Air and Asiana Airlines.
The latest decision is also expected to ease monopoly concern in the route ahead of a Korean Air-Asiana Airlines merger.
Korean Air and Asiana Airlines that currently operate the route six times a week and three times a week in the route, respectively, were also allowed to add one flight weekly. But their budget airline subsidiaries failed to obtain the license for the route.
The Korean transportation ministry has issued more international flight licenses amid normalization in traveling.
Local budget carrier Fly Gangwon was awarded with a license to operate a route between Yangyang, a coastal city in the east, and Chengdu, China’s southwestern city. The budget carrier will fly two times per week.
The ministry also issues eight new or extra flight operation licenses including ones that fly from Seoul to Germany and New Zealand.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
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Inland Hub Product in Greater China area - Temporary suspension for China-Mongolia import train service www.maersk.com

Due to the impact of covid-19 pandemic in Mongolia, the border entry (from the Elian border to Zamiin-Uud) is restrictively controlled by local governments. This unfortunately causes a severe impact on transportation efficiency, please do note that all Maersk Spot offerings on this corridor are closed. (Except for offline customer orders which are carried out as usual). Specifically, on Xingang,Tianjin to Ulaanbaatar,Mongolia railway product, disruption/heavy delay for both dry/reefer container are expected. Please kindly find below updates for your reference.
For Dry container (service mode: Rail)
Average waiting time at Xingang will be still over 3 months. Additional Trucking storage fee may occur.
For Reefer container (service mode: Trucking + Rail)
Xingang-Erlian border (by trucking): Erlian border can accept cross border cargo now, but as we all realized that there is a national wide breakout in China in the past half months. There is a high probability that the traffic restriction or quarantine of the drivers will prolong the lead time or even stop the transportation.
Erlian border -ZU border (service mode: by trucking): Erlian border crossing now is running by under a policy of random selection (there is not a regular schedule such as one round per month which subject to government decisions when will start a new round of selection.) It causes that the waiting time at Erlian is still unpredictable.
*Additional Trucking fee& storage fee may occur.
We thank you in advance for your continued support and look forward to continuing to connect your supply chain. If you have any questions, please feel free to reach out to your local sales or customer service representative. You will find contact details of our local offices on Maersk website.
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Mongolia's foreign trade turnover up 3.1 pct in Q1 www.xinhuanet.com

April 18 (Xinhua) -- Mongolia's foreign trade turnover increased by 3.1 percent year on year to 3.6 billion U.S. dollars in the first quarter of this year, said the country's National Statistics Office on Monday.
Mongolia registered a foreign trade surplus of 251.4 million dollars, said the office.
Mining products, precious stones, jewelry and textiles accounted for 97.3 percent of the mineral-rich country's total exports in the January-March period, while machinery and equipment, electrical appliances, vehicles, auto parts and food products accounted for 61.8 percent of the total imports, it said.
The Asian country traded with 126 economies across the world in the period.
China maintained its position as Mongolia's biggest trading partner and top export destination in the said period.
 
 
 
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China sending up next space station crew in June www.asahi.com

BEIJING--China will launch three more astronauts to its newest space station in June after the latest crew returned this weekend following a six-month stay in orbit, an official said Sunday.
The crew of the Shenzhou 14 capsule will spend six months on the Tiangong to add two modules to the station, Hao Chun, director of the China Manned Space Engineering Office, told a news conference.
China’s ambitious space program launched its first astronaut into orbit in 2003, landed robot rovers on the moon in 2013, and on Mars last year. Officials have discussed a possible crewed mission to the moon.
The core module of the Tiangong, or Heavenly Palace, was launched in April 2021. Plans call for completing construction this year.
The Wentian module will be launched in July and the Mengtian module in October, Hao said.
Near the end of the Shenzhou 14 crew’s mission, three more astronauts will be launched aboard Shenzhou 15 for a six-month stay, Hao said. He added that the two crews would overlap for three to five days, marking the first time the station has six people aboard.
On Saturday, the crew of Shenzhou 13 landed in the Gobi desert in the northern region of Inner Mongolia.
During the mission, astronaut Wang Yaping carried out the first spacewalk by a Chinese woman. Wang, commander Zhai Zhigang and crewmate Ye Guangfu also beamed back physics lessons for high school students.
China was the third nation to launch an astronaut into space on its own after the former Soviet Union and the United States. Tiangong is China’s third space station following predecessors launched in 2011 and 2016.
The government announced in 2020 that China’s first reusable spacecraft had landed following a test flight but no photos or details have been released.
China is excluded from the International Space Station due to U.S. unease that its space program is run by the ruling Communist Party’s military wing, the People’s Liberation Army.
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China's daily coal output in March hits record high www.reuters.com

BEIJING, April 18 (Reuters) - China's coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to ensure steady market supply.
China churned out 395.79 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Monday, equivalent to 12.77 million tonnes per day.
That compares with 10.99 million tonnes per day in March 2021, and 11.64 million tonnes per day for the first two months of 2022.
China has targeted daily coal production at 12.6 million tonnes this year, as Beijing has prioritised energy security in the wake of geopolitical uncertainties caused by the Ukraine conflict.
Output over the first quarter of the year reached 1.08 billion tonnes, up 10% on the year, NBS data showed.
Coal inventories at major utilities in eight coastal provinces totalled 28.18 million tonnes in early April, according to analysts from Changjiang Securities, about 6 million tonnes higher than the same period last year.
But coal consumption at the utilities was 12% lower than a year ago, partly reflecting lockdowns, factories suspending operations and restrictions on mobility in cities like Shanghai, where COVID-19 infections have flared up.
The anti-COVID measures also affected production and transportation at some mines in Shanxi, the major coal mining region. Analysts from Guangfa Futures said utilisation rates at coking coal mines in Shanxi fell by 1.5% in early April from late-March.
Some coal industry officials have expressed concern that China might not maintain record output for long, as some mines that were ordered to expand production since December are not able to sustain operations.
Reporting by Muyu Xu and Dominique Patton; Editing by Kenneth Maxwell
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"No talks were held between Mongolia and the US about establishing a joint biological laboratory" www.montsame.mn

Minister of Foreign Affairs B. Battsetseg said today, April 18, that Mongolia and the United States have never held talks on establishing a joint biological laboratory.
In specific, some Russian high-level officials allegedly claimed on media that “the side of the US held talks with Mongolia on establishing biological laboratories following the start of the Russian special military operation in Ukraine.” Yesterday on April 17, the Ministry of Foreign Affairs of Mongolia officially stated that this is a false and unsubstantiated claim.
About the statement, Minister B. Battsetseg told the press, “This information has been published four times on a Russian newspaper. It was also reported by the Chinese media. In regards to this, I would like to state that the information is false.
Mongolia continues to pursue a peaceful, open, multi-pillar foreign policy. If necessary, it is possible for us to make a presentation for Russian and international organizations as well as the public. We have detailed information on all projects, programs and studies that Mongolian public organizations have implemented with foreign investment and funding. In particular, we have thoroughly checked what projects are there that people are suspicious of.”
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