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

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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Coal being exported through Khangi-Mandal and Gashuunsukhait border checkpoints www.montsame.mn

Between Mongolia and China, goods and products are imported and exported by road through eight border checkpoints. Up to 60 containers of import products are brought into the country through the Zamiin-Uud border checkpoint.
As for the other border checkpoints, the National Road Transport Center of Mongolia reported that:
• While iron ore and coal were only exported by dump trucks through the Khangi-Mandal border checkpoint, the commodities have begun to be transported in containers as agreed between the two sides from the start of this year. Currently, coal and iron ore are being exported by about 50 vehicles each day.
• Through the Gashuunsukhait border checkpoint, coal is also being transported in containers by about 100 vehicles per day. Furthermore, copper concentrate is being transported by an average of 32 trucks pulling double trailers. However, only about 10 vehicles are being used to transport imported products, which are mostly made up of mining tools and equipment such as those to be used by Oyu Tolgoi as well as necessary equipment and supplies for the railroad at Tavantolgoi and auto road construction projects.
The border checkpoints of Bayankhoshuu, Bichigt, Shiveekhuren, and Burgastai are not currently running operations, reported the National Road Transport Center of Mongolia.
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Protocol to be signed on completion of feasibility study for gas pipeline project www.montsame.mn

In connection with the feasibility study for the construction project on the natural gas pipeline connecting Russia and China through the territory of Mongolia being completed in December 2021, Deputy Prime Minister S.Amarsaikhan held a telephone conversation with Deputy Chairman of the Management Committee and Member of the Board of Directors of Gazprom Company Vitaly Markelov on January 21.
The sides agreed to sign a protocol to verify that the project’s feasibility study has been finalized and discuss future works in detail during a virtual meeting to be held between Deputy Prime Minister S.Amarsaikhan and Chairman of the Management Committee (CEO) of Gazprom Company Alexey Miller this week.
In its framework, a protocol on drafting blueprints and conducting research will also be signed in order to enter the next stage of planning for the project, informed the Russian side.
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Oyu Tolgoi underground mining operations commence www.montsame.mn

Within the industrial recovery policy, a part of the New Recovery Policy of the Government, Oyu Tolgoi’s underground mining operations have commenced today.
At Oyu Tolgoi mine, the Prime Minister of Mongolia L.Oyun-Erdene and CEO of Rio Tinto Jakob Stausholm together have pressed a button to commence a blasting process, which starts Oyu Tolgoi's underground mine production.
In his speech, Prime Minister L. Oyun-Erdene emphasized, “The commencement of the Oyu Tolgoi underground mine production is a sincere desire of the Mongolian people giving investors the trust again.”
“The commencement of Oyu Tolgoi underground mining operations demonstrates to the world that Mongolia can work together with investors in a sustainable manner and become a trusted partner. As part of our ‘New Recovery Policy’, I am happy to express Mongolia's readiness to work actively and mutually beneficially with global investors and partners."
He also expressed confidence that the operations of underground mine, which commences today under the resolution No: 103 approved by the Parliament of Mongolia, will be completely operational within the agreed period of time or in the first quarter of 2023, without incurring additional debts for Mongolian side, making any delays or technical and economic errors again.
“As a result of our constructive talks and the joint efforts and support of many people here, we have determined ways to move forward issues that are important to Mongolia and reached agreement on many issues that have been controversial over the years. In addition, Oyu Tolgoi's Board of Directors unanimously agreed to commence the underground operations. Oyu Tolgoi is a model company in the world for its water-efficient and recycling operations, with a workforce whose 96 percent are Mongolians, and partners with over 600 national suppliers,” noted Mr. Jakob Stausholm.
He also emphasized that today's event demonstrates to the world that Mongolia is a country that can attract international investors and work together successfully by creating shared values.
When the underground mine becomes fully operational, Mongolia will have the world's fifth-largest high-tech underground mine and become one of major players in the international copper market. In addition, benefits to the country’s economy and state budget will at least triple.
It is preliminarily estimated that Oyu Tolgoi LLC will have sales worth about USD 5 billion, with tripled royalties to Mongolia, reaching MNT 700 billion a year.
Rio Tinto and Turquoise Hill Resources will be fully responsible for additional financing until the first half of 2023, when sustainable underground production is achieved. Over 80 percent of Oyu Tolgoi’s total value lies deep underground; thus, the company uses the block caving method of mining.
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Russian Central Bank Seeks to Ban Crypto Mining, Investment www.themoscowtimes.com

Russia’s Central Bank proposed last Thursday to ban cryptocurrency investment and mining as governments around the world crack down on the decentralized currencies, citing threats to monetary stability.
The Central Bank said “speculative demand” is driving the rapid growth of decentralized cryptocurrencies and risks creating a bubble in the market.
“Cryptocurrencies also have signs of a financial pyramid as increase in their prices is largely driven by demand demonstrated by new market participants,” it said.
In its consultation paper outlining its position, the Bank said it seeks to ban financial institutions from investing in or carrying out any operations with cryptocurrencies.
The Central Bank also seeks to ban cryptocurrency exchanges and any platforms that facilitate the circulation of cryptocurrencies.
The Bank estimates that Russian citizens’ transactions using decentralized cryptocurrencies amount to $5 billion per year.
It also proposed banning crypto mining, citing the threat to Russia’s financial stability through its “unproductive consumption” of electric power “and the implementation of Russia’s environmental agenda.”
Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan. China cracked down on bitcoin mining last year.
The Central Bank plans to draft amendments to Russian legislation to ban crypto mining and investment in the coming months, its head of financial stability told the state-run RIA Novosti news agency.
Conducting transactions with cryptocurrencies is illegal in Russia, but investing and buying crypto through exchanges is permitted under a recent change.
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China's practices in forestation under attention of Ministry www.montsame.mn

Minister of Environment and Tourism B.Bat-Erdene held a virtual meeting with Ambassador Extraordinary and Plenipotentiary of Mongolia to the People's Republic of China T. Badral.
Highlighting that Mongolian companies are expressing their interest in cooperating with China as the country makes the environment and green development sector as a priority, Ambassador T.Badral noted that with its state policy an area of one million square kilometer has been reforested in China since 1978.
As the most of the Mongolian students studying in China chose professions related to the social sciences, the sides noted the possibility of further cooperation in training qualified professionals in the field of environment and tourism, and agreed on the need of training personnel in the field of forestation and combating desertification.
Minister of Environment and Tourism B.Bat-Erdene expressed his commitment to expand cooperation in introducing successful practices of China on planting trees in the desert, sharing information and fighting against yellow dust storm with aims to reducing desertification and successfully implementing ‘One Billion Trees’ nationwide campaign.
Furthermore, they discussed establishing a memorandum on cooperation in the field of ecology and the environment between the Ministry of Environment and Tourism of Mongolia and the Ministry of Ecology and Environment of the People's Republic of China.
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Academic-research-industrial complex to be developed in Darkhan Uul www.montsame.mn

A working group led by the Minister of Education and Science worked in Darkhan-Uul aimag where branches of the Mongolian National University of Medical Sciences (MNUMS), Mongolian University of Science and Technology, and the Mongolian University of Life Sciences operate with 2,272 students and 137 teachers.
In accordance with the Cabinet’s decision to develop public universities and colleges as academic-research-industrial complexes in rural areas, a 16 ha of area will be redeveloped alongside necessary infrastructure development and an academic-research-industrial complex will be built in a 30 ha of area in Darkhan city.
The complex will be comprised of dormitory, university building, innovation center, library, innovation and technology transfer center, experiment and research center, and a health clinic.
The working group visited the site where the new university complex will be established. The number of university students is expected to increase by 5,000 and teachers and staffs by 417 with the establishment of the complex. There are plans to offer scholarships and additional pay to students and teachers in rural areas and involve them in housing programs.
Also, a university hospital will be established at the Darkhan branch of MNUMS with MNT 8.5 billion and it will provide healthcare services to 100 thousand people by 2030.
During the visit, the working group met with the authorities of the vocational training centers in the aimag, including a mining and energy polytechnic college.
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First COVID-19 case found in Beijing Olympic teams www.nhk.or.jp

Organizers of the Beijing Winter Olympics say they have found the first coronavirus case among national team members that entered China on Sunday.
The organizing committee said on Monday that the case was identified from PCR tests of 529 Olympic-related people at an airport in Beijing the previous day.
The committee did not disclose which team the athlete or official belongs to. It revealed that three people who were not members of a team also tested positive at the airport.
The committee also said that more than 38,000 tests were conducted on Sunday inside the so-called bubble separating Games-related personnel from the public. Two infections were confirmed from among those tests.
From January 4 through Sunday, 43 coronavirus cases were found at the airport and 35 inside the Olympics bubble.
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Uvs Chatsargana registered in the EU as first protected Geographical Indication from Mongolia www.montsame.mn

"Uvs Chatsargana’, seabuckthorn berries from Uvs aimag, has been registered in the EU as the first Protected Geographical Indication from Mongolia. The registration procedure was first begun in 2016 with the support of the Intellectual Property Office of Mongolia, the Uvs Sea buckthorn and the Embassy of France. From 2019, the Mongolian National Chamber of Commerce and Industry (MNCCI), SEQUA project team of the Association of German Chambers of Commerce and Industry, the Uvs Sea buckthorn producers' association continued their cooperation in creating a value-added chain for sea buckthorn growers, which has reached this result.
The Uvs Chatsargana's registration as Geographical Indication (GI) in the European Union will help it be protected in the EU member states from imitation and usurpation. Moreover, it has the advantage of increasing the income of local seabuckthorn growers and producers, supporting sustainable business, preserving the unique taste and quality due to the environment and climate, creating a new tourism product, and ensuring customers’ use of quality and standard products. For this activity, the MNCCI provided support to the private sector in conducting laboratory analysis of Uvs seabuckthorn and editing documents.
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Detailed exploration to be conducted at Asgat deposit www.montsame.mn

At its meeting on January 21, Parliamentary Standing Committee on Industrialization approved a resolution on giving direction to the Government of Mongolia.
It is considered vital to put the Asgat silver deposit, a large deposit of strategic importance, into economic circulation. With the resolution, the Government of Mongolia is instructed to carry out additional exploration activities at the deposit to fully define the amount of resources, and announce the bidding to conduct the additional exploration in line with the relevant laws and regulations by the first half of 2022.
In his presentation, the head of the working group in charge of developing the draft resolution, MP T.Aubakir highlighted that the Government should be instructed to conduct the detailed exploration of the deposit regionally and redefine its resources by 2024.
Exploration and geological survey on the Asgat Silver Deposit, located in Nogoonnur soum of Bayan-Ulgii aimag in the western region of Mongolia, were first made in 1953 to continue until 1990. The study concluded its silver deposit at 7369.8 tons and copper and other mixed metal minerals at 227,436 tons.
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Mongolia registers 2,089 new COVID-19 cases www.xinhuanet.com

Jan.24 (Xinhua) -- Mongolia's health ministry on Monday confirmed 2,089 new COVID-19 infections in the last 24 hours, raising the national tally to 429,677.
The latest confirmed cases were all locally transmitted, more than half of them in the national capital of Ulan Bator, which is the hardest hit by COVID-19.
Meanwhile, no more COVID-19-related deaths were reported in the past day, and the country's death toll remains at 2,021, it said.
The Omicron cases currently account for over 90 percent of the daily total in the country, according to the National Center for Communicable Diseases.
So far, 66.7 percent of the country's total population of 3.4 million have received two COVID-19 vaccine doses, while more than 994,600 people aged over 18 have received a booster.
More than 67,200 Mongolians have received a fourth dose, which the country started to administer on Jan. 7 on a voluntary basis.
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