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

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Mongolia records 112 new cases of COVID-19 www.akipress.com

Mongolia recorded 112 new cases of COVID-19 infection, reports the Ministry of Health on March 31.
55 of them were recorded in Ulaanbaatar, 37 cases were detected in the regions.
No new deaths from COVID-19 were reported in Mongolia for the 12th consecutive day. The death toll remains at 2,108.
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Memorandum signed on the implementation of ‘Work and Holiday’ visa arrangement www.montsame.mn

On March 31, the signing ceremony of the Memorandum of Understanding between the Government of Mongolia and the Government of the Commonwealth of Australia on the implementation of the ‘Work and Holiday’ visa arrangement took place at Parliament House of Australia.
Representing their respective governments, N.Ankhbayar, State Secretary of the Ministry of Foreign Affairs of Mongolia, and Alex Hawke, Member of the Australian Parliament and Minister for Immigration, Citizenship, Migration Services and Multicultural Affairs, have signed the MoU.
With the signing of MoU aimed at deepening bilateral relations and cooperation, promoting cultural exchanges between youth, and supporting their desire to learn and develop, from July 1 this year 100 young people from Mongolia will able to work and travel in Australia for a year. They will be also able to study for up to four months during this period.
“Although the number of Mongolians residing in Australia is small compared to people from other countries, we are pleased that they are making substantial contribution to our society. The implementation of the arrangement allows to strengthen the mutual understanding and opens up an opportunity for Mongolian youths to study and travel in Australia while they are working,” said Minister Alex Hawke during the ceremony.
For his part, State Secretary N.Ankhbayar noted, “We are glad that a long-awaited document is now a real work. We hope that the relationship, mutual understanding, trust and cultural exchange between the youth of Mongolia and Australia will strengthen, and many young Mongolians will make a significant contribution to the development of society, culture and economy in Australia as well as in Mongolia.”
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Last of the giant camels and archaic humans lived together in Mongolia until 27,000 years ago www.phys.org

A species of giant two-humped camel, Camelus knoblochi, is known to have lived for approximately a quarter of a million years in Central Asia. A new study in Frontiers in Earth Science shows that C. knoblochi's last refuge was in Mongolia until approximately 27,000 years ago. In Mongolia, the last of the species coexisted with anatomically modern humans and maybe the extinct Neanderthals or Denisovans. While the main cause of C. knoblochi's extinction seems to have been climate change, hunting by archaic humans may also have played a role.
"Here we show that the extinct camel, Camelus knoblochi, persisted in Mongolia until climatic and environmental changes nudged it into extinction about 27,000 years ago," said Dr. John W Olsen, Regents' professor emeritus at the School of Anthropology of the University of Arizona, Tucson, US.
Paradoxically, today, southwestern Mongolia hosts one of the last two wild populations of the critically endangered wild Bactrian camel, C. ferus. The new results suggest that C. knoblochi coexisted with C. ferus during the late Pleistocene in Mongolia, so that between-species competition may have been a third cause of C. knoblochi's extinction. Standing nearly three meters tall and weighing more than a ton, C. knoblochi would have dwarfed C. ferus. The precise taxonomic relationships between these two species, other extinct Camelus, and the ancient Paracamelus aren't yet resolved.
Olsen said, "C. knoblochi fossil remains from Tsagaan Agui Cave [in the Gobi Altai Mountains of southwestern Mongolia], which also contains a rich, stratified sequence of human Paleolithic cultural material, suggest that archaic people coexisted and interacted there with C. knoblochi and elsewhere, contemporaneously, with the wild Bactrian camel."
Steppe specialists driven into extinction by desertification
The new study describes five C. knoblochi leg and foot bones found in Tsagaan Agui Cave in 2021, and one from Tugrug Shireet in today's Gobi Desert of southern Mongolia. They were found in association with bones of wolves, cave hyenas, rhinoceroses, horses, wild donkeys, ibexes, wild sheep, and Mongolian gazelles. This assemblage indicates that C. knoblochi lived in montane and lowland steppe environments, less dry habitats than those of its modern relatives.
The authors conclude that C. knoblochi finally went extinct primarily because it was less tolerant of desertification than today's camels, C. ferus, the domestic Bactrian camel C. bactrianus, and the domestic Arabian camel C. dromedarius.
In the late Pleistocene, much of Mongolia's environment became drier and changed from steppe to dry steppe and finally desert.
"Apparently, C. knoblochi was poorly adapted to desert biomes, primarily because such landscapes could not support such large animals, but perhaps there were other reasons as well, related to the availability of fresh water and the ability of camels to store water within the body, poorly adapted mechanisms of thermoregulation, and competition from other members of the faunal community occupying the same trophic niche," wrote the authors.
Towards the end, the last of the species may have lingered, at least seasonally, in the milder forest steppe—grassland interspersed with woodland—further north in neighboring Siberia. But this habitat probably wasn't ideal either, which could have sounded the death knell for C. knoblochi. The world would not see giant camels again.
Preyed upon or scavenged by humans
What were the relations between archaic humans and C. knoblochi?
Corresponding author Dr. Arina M Khatsenovich, senior researcher at the Russian Academy of Sciences' Institute of Archeology and Ethnography in Novosibirsk, Russia, said, "A C. knoblochi metacarpal bone from Tsagaan Agui Cave, dated to between 59,000 and 44,000 years ago, exhibits traces of both butchery by humans and hyenas gnawing on it. This suggests that C. knoblochi was a species that Late Pleistocene humans in Mongolia could hunt or scavenge."
"We don't yet have sufficient material evidence regarding the interaction between humans and C. ferus in the Late Pleistocene, but it likely did not differ from human relationships with C. knoblochi—as prey, but not a target for domestication."
First author Dr. Alexey Klementiev, a paleobiologist with the Russian Academy of Sciences' Siberian Branch, said, "We conclude that C. knoblochi became extinct in Mongolia and in Asia, generally, by the end of Marine Isotope Stage 3 (roughly 27,000 years ago) as a result of climate changes that provoked degradation of the steppe ecosystem and intensified the process of aridification."
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Russia gives US dollar a SWIFT kick www.rt.com

The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in bilateral trade.
The mechanism developed by the Russian central bank is expected to boost commerce between the two countries by avoiding dollar-denominated trade, and allow the world’s third biggest oil consumer to continue purchases from Russia, bypassing Western sanctions.
The scheme involves rupee-ruble-denominated payments via Russia’s messaging system, SPFS. The final decision is expected to come after a two-day visit of Russian Foreign Minister Sergey Lavrov to India, according to unnamed people with knowledge of the matter, as quoted by Bloomberg.
Lavrov’s visit to India is scheduled for Thursday, and Russian central bank officials will reportedly visit the country next week to discuss the details.
According to Bloomberg’s sources, the Reserve Bank of India regularly meets with executives from the country’s banking system to discuss matters such as exposure to Russia and risks from the latest sanctions.
India ready to bypass dollar in trade with RussiaREAD MORE: India ready to bypass dollar in trade with Russia
The arrangement is expected to allow Indian exporters keep doing business with Russia despite the latest penalties that ban the use of the SWIFT interbank messaging system. It would allow India to continue purchases of Russian oil, weapons, and other goods.
Under the proposal, rubles will reportedly be deposited into an Indian bank and converted into rupees, and the same system will work in reverse. Russia also wants India to link its Unified Payments Interface with their MIR payments system for seamless use of cards issued by banks of both countries after Visa and Mastercard suspended operations in Russia.
Last year, India exported $3.3 billion worth of goods to Russia, mostly pharmaceutical products, tea, and coffee, and imported $6.9 billion worth of Russian products, including arms and defense goods, mineral resources, fertilizers, metals, diamonds, and other precious stones.
The world’s sixth biggest economy also imports Russian oil, with the country’s major refiner, Indian Oil Corp, increasing purchases over the past month.
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Elixir Energy builds on Mongolia’s first gas discovery with exploration and appraisal program www.proactiveinvestors.com.au

Elixir Energy Ltd (ASX:EXR) continues to advance its coal bed methane exploration and appraisal program in North Asia, where it’s building on Mongolia’s first gas discovery.
Currently, the ASX-lister is invested in developing its wholly-owned Nomgon IX coal bed methane production sharing contract (PSC), just north of the Mongolian/Chinese border.
As part of its exploration and appraisal program, Elixir’s first well in its 2022 drilling campaign discovered a new coal-bearing sub-basin.
Since then, an appraisal well on the property has been spudded and two more drilling sub-contractors have signed up to accelerate the company’s work program.
Elixir is advancing Mongolia’s first coal bed methane discovery. Down the line, it believes the project could operate all year round.
Rapidly expanding activities
Speaking about progress to date, Elixir managing director Neil Young said: “Naturally we are pleased that our 2022 program has started off with a successful exploration well.
“As the Mongolian winter turns to spring, we are rapidly expanding our activities in the Nomgon PSC and are pleased to be adding two new drilling subcontractors to our overall team.”
Elixir’s exploration plans for 2022 include acquiring 322 kilometres of 2D seismic data. This program is underway, with 47 kilometres acquired to date.
The story so far
Elixir’s first well in its 2022 drilling campaign was the Tim-1S exploration well, targeting the identification of a new sub-basin just south of the Tavan Tolgoi mining complex.
This well was drilled to a total depth of 804 metres and logged 16 metres of coal and 30 metres of silty coal, yielding a total coal pay of 46 metres.
The drilling sub-contractor that drilled Tim-1S, Top Diamond Drilling LLC, has now moved its rig to the Tim-2 location — the appraisal well that was recently spudded — roughly 200 metres downdip of the Tim-1 coal intersection.
Notably, Tim-1S and Tim-2 were drilled as carry over wells from the PSC’s 2021 budget.
Elixir now has all the formal annual approvals to begin the 2022 program and recently re-signed Top Diamond Drilling — as well as a new drilling sub-contractor, Ellecohr LLC — to drill the company’s wells in the exploration and appraisal program for this year.
In addition, Elixir is contracting with the local subsidiary of international drilling firm Major Drilling to drill and complete the long term pilot production wells, due to be drilled in the middle of the year.
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EBRD supports Mongolia's first natural skincare brand www.akipress.com

The EBRD and We-Fi help Lhamour LLC prepare for global expansion, EBRD release said.
Founded in 2014, Lhamour is a natural skincare brand with green credentials ­­– the first of its kind in Mongolia. The company recently benefited from EBRD support and funding from the Women Entrepreneurs Finance Initiative (We-Fi) to improve its HR management processes, allowing founder and CEO Khulan Davaadorj, to step back from running the day-to-day business and focus more on strategic goals.
Lhamour started as a home business and Khulan had found herself responsible for marketing, design and branding, social media and even accounting. After seven years of managing everything, she sensed it was the right time to divert her attention to other areas and approached the EBRD’s Women in Business programme for assistance.
The EBRD matched the company with consultants, who conducted an HR audit leading to the implementation of a KPI and bonus scheme within the company. These targets and incentives improved productivity, and allowed roles to become better defined and employees to step up into management positions. For Khulan, it was essential that the company culture she had spent years fostering remained and thrived along with the changes.
Inception: evolving a passion project into a viable business
A self-confessed nomad and entrepreneur, following her return to Mongolia in 2012 after many years abroad, the seeds of Khulan’s business idea were sown when she began to suffer from skin rashes. Her GP suspected that the cause was a combination of the local air pollution, water quality and extreme climate, so Khulan sought out mild, natural skincare products that would help alleviate the itching without causing further inflammation.
However, there was nothing she could find. The products on the market were either imported – and not genuinely natural – or low quality. She was inspired to learn about our skin and the effects that chemical-based products can have on it and enrolled in Formula Botanica – the world's leading online organic cosmetic science school – and became an accredited skincare product formulator.
Khulan was soon making products at home using Mongolian ingredients. The business grew from there, launching as Lhamour, in 2014. The name is a combination of ‘Lhamo’, her niece, and ‘amour’, the French word for love, and now has 34 employees producing over 40 handmade skincare products and accessories using many locally sourced ingredients, such as yak milk. Today, Lhamour officially sells its products in 10 countries.
Lhamour is truly setting the pace for eco-friendly business in Mongolia, providing natural skincare products through a zero waste production method and using unique local ingredients for the health-conscious and socially responsible consumer.
The company had a setback in 2015 when the basement of its factory was flooded and everything was destroyed. Khulan reached out to her Facebook followers for help and was moved when 10 young volunteers she had previously mentored turned up to help remove the water – which was knee-deep – and dry out whatever they could.
Because Lhamour had loyal customers and employees who shared in Khulan’s vision, it prevailed, despite the challenges of getting production going again. Fast-forward to today and the company is planning to expand, focusing on establishing new commercial ties and opportunities in the EU, the USA and Japan in the very near future.
With a strong brand identity, a great company culture and a commitment to sustainable business practices, Lhamour’s continued growth seems all but assured.
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Preparations completed to start construction of Erdeneburen HPP www.montsame.mn

During today’s regular meeting of the Cabinet, Minister of Energy N.Tavinbekh presented the progress of the Erdeneburen hydropower plant project.
The western region of Mongolia consumes 35 MW of power annually, while the Erdeneburen HPP will have a capacity to provide 90 MW. The Energy Minister pointed out at the beginning of the presentation that the plant is projected to have three times more capacity than the western region’s annual consumption.
He said, "With the commissioning of this plant, we will be able to supply domestic green energy to the western region sustainably. All the necessary preparation works to commence the construction phase are finished. The only challenge we are facing right now is the relocation of the 1,251 farmers and herders or 270 households who currently reside in the area. Under the effective law, they will only be compensated based on the value of their fixed assets. Therefore, the government is considering increasing the compensation. The final decision will be made at the next week’s meeting and in consultation with the Prime Minister”.
While emphasizing the world’s transition to renewable energy sources with views to reduce greenhouse gas emissions and mitigate climate change, the Minister noted that the hydropower plant is the most suitable for Mongolia. Currently, there is no large-capacity hydropower plant in our country except the seven which are low-capacity.
At the end of his presentation, the Minister underlined that the government will pay special attention to the use of renewable energy sources due to the inability of existing power plants to normally operate during peak hours, and noted that not only Erdeneburen, but also Eg and Shuren HPP projects are moving forward.
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Mutual travel between Mongolia and Russia resumes from March 29 www.montsame.mn

On March 29, the Government of the Russian Federation approved a resolution which allows both countries’ people to travel through the Mongolian-Russian border ports.
Citizens have been allowed to travel through the auto road border crossings from midday today, March 30, following a note that was received by the Ministry of Foreign Affairs from the Embassy of the Russian Federation in Mongolia.
In order to travel to Russia, Mongolian citizens will be required to have a negative PCR test taken within 48 hours before crossing the border, reported the Embassy.
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Rail connects Chinese goods with the world www.global.chinadaily.com.cn

China's largest railway port on the border with Mongolia has seen a significant rise in international freight train services over the past decade, boosting connectivity between China, Mongolia and Central European countries.
By this month, Ereenhot Port in North China's Inner Mongolia autonomous region, the largest land port on the China-Mongolia border, had facilitated more than 9,000 China-Europe freight trains since the first such train passed through in 2013.
Over the past 10 years, the port has witnessed a rapid increase in China-Europe freight trains.
In 2013, only two such train services were facilitated, while last year, the port saw 2,739 trains pass through. There are 57 routes connecting more than 50 cities in 22 regions in China and 44 stops in nine countries.
The trains have played an important role in smooth logistics and the stable supply of anti-epidemic materials for China and countries along the routes.
With the expansion of the China-Europe freight train network, agricultural and industrial products from all over China can be transported on outbound trains to be sold abroad. The inbound trains carry overseas goods, such as German beer and French wine, to China, benefiting Chinese consumers.
In addition to commodities and food, exports of high-value-added products, such as automobiles, motorcycles and solar photovoltaic modules, have also increased.
To increase efficiency, the railway port has improved its services by building a "smart border inspection platform", offering customs clearance 24 hours a day and carrying out contact-free inspection in accordance with epidemic control protocols.
"The station has launched a series of facilitation initiatives such as priority inspection for China-Europe freight trains and special channels for epidemic prevention materials," the station's director, Amgalan, said. "Abiding by epidemic control protocols, we make every effort to ensure the safe and efficient passage of China-Europe trains and to boost the high-quality development of the economy in the border area."
The 500th China-Europe freight train this year passed through the port on March 1, hitting that mark 18 days earlier than last year.
China State Railway Group has said a new national railway schedule will be operated from April 8, with more China-Europe freight train services scheduled to better serve international supply chains and improve high-quality opening-up.
By January, there had been more than 50,000 China-Europe freight train trips through all border ports.
The value of goods transported by the cargo services has skyrocketed from $8 billion in 2016 to $74.9 billion last year, an increase of more than 9 times, according to the group.
 
 
 
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Mongolia records 85 new COVID-19 cases www.xinhuanet.com

March 30 (Xinhua) -- Mongolia reported 85 new COVID-19 cases in the last 24 hours, raising the national tally to 469,282, the country's health ministry said Wednesday.
Meanwhile, no new related deaths were recorded in the past day, leaving the death toll unchanged at 2,108.
Life has essentially returned to normal in Mongolia due to high vaccination coverage and declining daily infections, with less than 100 cases registered countrywide since mid-March.
Almost 67 percent of the country's population of 3.4 million has received two COVID-19 vaccine jabs, 1,032,361 people have received a third dose and nearly 115,000 have received a voluntary fourth shot.
The Asian country has resumed in-person classes for all educational institutions and fully opened its borders to foreign tourists, who are no longer required to have a polymerase chain reaction test or be quarantined.
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