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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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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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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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