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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Fire at China steelmaker Bao Gang plant in Inner Mongolia kills 7 www.reuters.com

BEIJING (Reuters) - A fire that broke out at a Bao Gang United Steel plant in China's Inner Mongolia region in Monday morning has killed seven people, the local emergency management department said in a statement.
The accident happened during maintenance at a pellet desulphurisation facility that belongs to the steelmaker and operated by Guoshun Group, according to the statement.
Local government is still investigating the cause of the incident, the authority said, without saying whether production and operation at the project have been halted. The project has pellet capacity of five million tonnes per year, according to the statement.
Bao Gang United Steel did not answer Reuters' call seeking comment. Guoshun Group declined to comment.
State-backed Bao Gang has an annual steel capacity of over 15 million tonnes per year, according to the company's website.
(Reporting by Min Zhang and Dominique Patton; Editing by Kenneth Maxwell)
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Views exchanged on projects to be implemented with ADB funding www.montsame.mn

Minister of Finance B. Javkhlan held a meeting with Director General of ADB’s East Asia Department Teresa Kho, ADB Country Director for Mongolia Pavit Ramachandran and others on March 10.
During the meeting, the Minister briefed on Mongolia’s economic situation for 2022 and budget assumptions and spoke about the progress of ADB-funded projects and issue on establishing General Financing Agreement. In addition, the parties discussed projects to be implemented with ADB’s funding in 2022 and 2023 and how the projects would be coordinated with Mongolian Government’s ‘New Revival Policy’.
Mongolia marks 30th anniversary of its partnership with ADB. ADB has been Mongolia’s largest multilateral development partner since 1991, playing a central role in the country’s transformation to a middle-income, market-based economy. ADB has supported the government’s efforts to stabilize and restructure the economy, strengthen necessary institutions and human resources, and build vital infrastructure helping Mongolia successfully complete the transition process.
To date, ADB has committed USD3.9 billion in cumulative lending, grant, and technical assistance for projects in agriculture, education, energy, finance, health, social protection, transport, urban and rural development, industry and trade, and information and communications technology.
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COVID-19: 92 cases reported www.montsame.mn

The Ministry of Health reported today that 92 СOVID-19 cases were recorded in the last 24 hours nationwide. In detail, 60 cases were reported in Ulaanbaatar city, with 32 cases in 32 provinces.
It was also reported that no COVID-19 related death has been reported in the past 24 hours. Currently, there are 928 people are receiving hospital treatment for COVID-19 whilst 3,345 people with mild symptoms are being treated at home.
As of today, the coverage of 1st dose has reached 69.8 percent (2,272,019), 2nd dose – 66.8 percent (2,173,594), and 3rd dose or a booster shot of COVID-19 vaccines – 31.6 percent (1,027,907) of the total population. In addition, 108,925 people (3.3 percent) have received the 4th vaccine dose.
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49.66km bike path to be newly built www.montsame.mn

The capital city has a 90 km of bike paths so far and the Ulaanbaatar Road Development Department plans to build additional 49.66 km of bike path.
As the first part of the project, a 17.3 km bike path will be built between Nalaikh and Yarmag bridge, and a 16.6 km path from Gachuurt junction to Nalaikh-Choir junction.
In addition, the construction work is underway for 1.693 km bike path and pedestrian path from ‘Orgil’ Trade Center to Nalaikh-Choir junction.
As the second part of the project, the construction work to build 15.76 km path is at 30 percent. Bike paths will be built en routes Sapporo-Bayanburd junction, The Mongolian State University of Education-Eastern four-way intersection, Geser Monastery- Ankara street, Marshal bridge- Zaisan bridge along the Tuul River, East four-way intersection- Officers’ Palace, Tavan shar station-10th district.
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15-year-old Mongolian students to be involved in PISA assessment www.montsame.mn

Mongolia is currently ensuring preparations to be involved in the Programme for International Student Assessment (PISA) for the very first time in April. The assessment is expected to serve as an important tool in correctly defining a policy to help students that have fallen behind in studies in the last two years due to the pandemic.
At a press conference organized on March 10, Minister of Education and Science L.Enkh-Amgalan said, “Mongolia will be involved in the computer-based version of the PISA assessment. Through the assessment, certain correlating factors such as whether an appropriate learning environment has been created, whether teachers are able to teach their lessons in an interesting way, and how much parents and guardians’ support affect children’s academic achievement and how much of an impact the pandemic has had on their studies will be determined.”
The PISA assessment is an international assessment that measures 15-year-olds’ ability to use the knowledge and skills they learned from school in real-life challenges.
Carried out by the Organisation for Economic Co-operation and Development (OECD), the programme will involve 88 countries in 2022. As for Mongolia, about 7,300 students of 196 schools have been randomly selected.
The students will be assessed for their mathematics and science knowledge and skills as well as readi
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Mongolia's COVID-19 daily cases below 100 for 1st time since late December www.xinhuanet.com

March 13 (Xinhua) -- Mongolia's Health Ministry on Sunday confirmed 94 new COVID-19 infections in the last 24 hours, below the benchmark of 100 for the first time since Dec. 27, 2021 when 83 daily cases were reported.
The latest confirmed cases were all locally transmitted, raising the country's COVID-19 tally to 467,970, the ministry said in a statement.
Meanwhile, the Asian country has reported no new deaths from the viral disease for three days in a row by Sunday, and currently has a total of 4,412 active COVID-19 cases.
So far, 66.8 percent of the country's total population of 3.4 million have received two COVID-19 vaccine doses, while 1,027,900 people have received a third dose.
A total of 108,900 Mongolians have received a fourth dose, which the country started to administer on Jan. 7 on a voluntary basis.
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Mongolia holds eagle festival to promote pandemic-hit tourism sector www.xinhuanet.com

Mongolia kicked off its annual Golden Eagle Festival near the capital city here on Saturday to promote the country's pandemic-hit tourism sector.
The event called "Nomadic Winter - Golden Eagle Festival" was co-organized by the Mongolian Eagle Hunters' Association and Governor's Office of the western province of Bayan-Ulgii under the auspices of the country's Ministry of Environment and Tourism and Ministry of Culture.
"Our country organizes more than 100 events a year to promote the tourism sector. The eagle festival is one of the main winter tourism events with its unique features," Erkhembayar Battulga, state secretary of the Ministry of Environment and Tourism, told Xinhua during the event.
More than 10 eagle hunters from Bayan-Ulgii province, home to eagle hunters, participated in the 12th edition of the event, which features several activities to showcase the skills of both the birds and their trainers, including specially-trained golden eagles catching small animals such as foxes and hares and owners calling eagles from some distance away.
The festival, cancelled due to the COVID-19 pandemic in 2020 and 2021, attracted thousands of domestic and foreign tourists this year
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Billionaire Friedland banks on Liberia’s railway to tap Guinean iron www.bloomberg.com

A mining company controlled by billionaire Robert Friedland is counting on getting access to a Liberian railway in order to develop its Nimba project in neighboring Guinea, one of the largest untapped iron ore resources.
High Power Exploration Inc. wants to begin development of Nimba — located near Liberia’s border and estimated to hold 1 billion tons of high-grade iron ore — next year. That likely requires being able to use a railway that feeds Liberia’s Buchanan port and which is being upgraded by ArcelorMittal SA, as routing supplies to terminals in Guinea and Ivory Coast is much harder.
The Liberian government is now examining an amended agreement to let multiple users access the Yekepa-Buchanan rail line and port, but it’s not clear what the extent of that access will be.
Guinea has huge iron ore reserves — including the giant Simandou deposit — but has never been able to develop mines because of long-running disputes over ownership rights and the large investment needed to extract and transport ore. Finally getting a project up and running would be a big boost for the country and would start bringing more supplies to the market.
“A major attraction when you develop a bulk commodity type project is to be able to be not too far from a port and, even better, to have access to an existing infrastructure,” Guy de Selliers, chairman of Societe des Mines de Fer de Guinee, HPX’s subsidiary in Guinea, said in an interview. “The location of the project is one of its assets.”
HPX estimates it will cost almost $2.8 billion to develop Nimba, including $600 million for other rail and port development in Liberia. It’s targeting the first production in 2027 and wants to eventually extract roughly 450 million tons.
While ArcelorMittal has spent more than $500 million and will invest a further $200 million on the rail line and Buchanan port, the decision on who can use the link rests with the amended agreement that’s yet to be passed into law.
The amended agreement the government is looking at “establishes a very comprehensive non-discriminatory multi-user access regime for the rail and port,” the Luxembourg-based steelmaker said by email.
For HPX, the alternatives aren’t as attractive. It could build a railway through Ivory Coast to get material to a port, but that would take longer and need the help of other mining operations to justify it, de Selliers said. And Guinea itself doesn’t have the necessary infrastructure.
That’s partly why the Simandou deposit has remained in limbo. Interim President Mamadi Doumbouya, who seized power in a September coup, initially encouraged Rio Tinto Group and China-backed SMB Winning Consortium to work together to develop Simandou. But his government on Thursday night said operations should stop, citing a lack of progress in talks between the two parties.
SMB Winning Consortium had already started work on a 650-kilometer (404 miles) railway linking the mine to the port.
(By Katarina Hoije and Leanne de Bassompierre, with assistance from Thomas Biesheuvel and Ougna Camara)
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Guinea junta halts Rio Tinto’s Simandou iron ore project www.mining.com

Guinea’s ruling junta has ordered a full halt of Rio Tinto’s (ASX, LON, NYSE: RIO) vast Simandou iron ore project in the country’s southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests.
The current government, who took power in a military coup in September, said in a statement that Doumbouya had not seen any progress in that direction, despite having discussed the matter with Rio’s boss Jakob Stausholm in December.
“[Colonel Doumbouya] therefore ordered the cessation of all activity on the ground pending the answers to questions posed to various actors and the clarification of the operational mode by which the interests of Guinea will be preserved,” government spokesperson Ousmane Gaoual Diallo said in the statement.
Simandou, owned by Rio Tinto and a Chinese-backed consortium, spent years in limbo because of disputes over ownership rights and the complexity and expense of transporting ore to the coast.
Rio Tinto said on Friday it was not making any public comment on Guinea’s move at this stage. The world’s second largest miner owns about 45% of Blocks 3 and 4 of Simandou, while Aluminum Corp. of China (NYSE: ACH) holds 40% and Guinea’s government the remaining 15%. Blocks 1 and 2 are controlled by China-backed SMB Winning Consortium.
“It’s a bold move by Doumbouya, and it may yet come back to bite him,” Eric Humphery-Smith, Senior Africa Analyst at risk intelligence company Verisk Maplecroft, said in a note. “This is the culmination of several months of rumblings that now have risen to the surface and boiled over.”
“Caviar of iron ore”
At two billion tonnes in iron ore reserves and some of the highest grades in the industry (66% – 68% Fe, which attracts premium pricing), Simandou is one of the most easily exploitable iron ore deposits outside of Australia’s Pilbara region and Brazil’s.
At full production, the mine is expected to export up to 100 million tonnes per year. Simandou would by itself be the world’s fifth-largest producer behind Fortescue Metals (ASX: FMG, Vale (NYSE: VALE) and BHP (ASX: BHP).
Its development is also crucial China. The nation sees the project, described by Rio’s president of copper operations Bold Baatar as the “Rolls Royce of iron ore”, as an opportunity to wean itself off its reliance on Australia’s iron ore.
Guinea has said any developer of the mine must build a railway spanning the country, even though it adds significant costs and the route to port through neighbouring Liberia is much shorter.
SMB Winning Consortium had already started work on a 650-km (404 miles) railway linking Simandou to the port.
According to Humphery-Smith, Guinea’s decision to suspend all activities at Simandou reflects mostly the “power struggle” between the SMB consortium and Guinean authorities regarding recommendations they made in December in relation to the rail and port infrastructure.
“These developers are used to getting their way as the Guinean government has historically not offered much resistance (…) We don’t expect this to drag on much longer than a couple of months,” he wrote.
TIMELINE: The battle for Simandou
High Power Exploration (HPX), a Canadian mining company controlled by billionaire Robert Friedland, is facing similar transport issues which it hopes to solve by getting access to a Liberian railroad to develop its Nimba project.
“A major attraction when you develop a bulk commodity type project is to be able to be not too far from a port and, even better, to have access to an existing infrastructure,” Guy de Selliers, chairman of Societe des Mines de Fer de Guinee, HPX’s subsidiary in Guinea, told Bloomberg News on Friday. “The location of the project is one of its assets.”
The Liberian government is currently examining an amended agreement to let multiple users access the Yekepa-Buchanan rail line and port, but it’s not clear what the extent of that access will be.
Vancouver-based HPX acquired Nimba in September 2019. Based on a 2015 report by the United States Geological Survey (USGS), Nimba holds roughly one billion tonnes of high-grade iron ore.
At full tilt, the mine is expected to churn out 30 million tonnes of high-grade iron ore a year.
(With files from Bloomberg)
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Construction of new pathway for export kicks off www.montsame.mn

In the framework of the ‘New Revival Policy’, the construction of railway en route Zuunbayan - Khangi kicked off today on March 11. The railway connection is considered to be of high significance as it will create a new route for imports and exports.
In his remarks, Prime Minister of Mongolia L.Oyun-Erdene noted that underground mining operations recently commenced at Oyu Tolgoi, and highlighted that the construction project for the 226-km railroad connecting Zuunbayan and Khangi - the second large-scale project being implemented in the framework of the ‘New
Revival Policy - is kicking off today based on public-private partnership.
The railway construction work is planned to be completed in a half-year period.
While about 50 percent of core export products of Mongolia, such as copper and coking coal, are exported through the Gashuunsukhait border checkpoint, over 70 percent of consumer goods are imported through the Zamiin-Uud border checkpoint. As the Khangi border checkpoint is geographically located in the middle of Gashuunsukhait and Zamiin-Uud checkpoints, it is of great strategic importance, mentioned the Prime Minister.
By connecting the Khangi-Mandal checkpoint by rail, Mongolia’s capacity to import and export goods is expected to increase by a total of 20 million tons, with the amount of goods being transported by rail increasing by 65 percent.
He then continued on to say, “This month, the 416-km railroad connecting Tavantolgoi and Zuunbayan will be fully put into operation. In the framework of the ‘New Revival Policy’, the Government of Mongolia is ready to partner with investors and entities in a mutually beneficial way.”
The Government of Mongolia currently aims to start the construction work for connecting the border checkpoints of Bichigt, Shiveekhuren, and Artssuuri by rail as soon as possible, and create a 4,000-5,000 km long railway network in the country.
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