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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Mongolia to hold ice festival to revive pandemic-hit tourism sector www.xinhuanet.com

Mongolia is planning to hold an annual ice festival in March to revive the country's pandemic-battered tourism sector, organizers said on Monday.
The annual festival called "Blue Pearl" was cancelled due to the COVID-19 pandemic in 2020 and 2021, and the 21st edition of the festival will be held from March 2-5 in the northernmost province of Khuvsgul under the auspices of the country's Ministry of Environment and Tourism, according to a statement by the provincial governor's office.
The festival will include many activities such as ice knuckle-bone shooting contest, bicycle and ice skate races, moto sports performance, sled dog race, tug of war, relay race, family contests and horse races.
Currently, Mongolia's economy is largely dependent on its export-oriented mining sector. Developing tourism is seen as the most viable way to diversify the economy.
However, the country's tourism sector as a whole has stagnated over the past two years due to the pandemic.
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Number of freight trains via Mongolian territory reaches 2,500 in 2021 www.xinhuanet.com

The number of freight trains via Mongolian territory for Asia-Europe and China-Russia routes reached 2,500 at the end of 2021, an increase of nearly 200 from 2020, local media reported on Monday.
Citing a statement from the company, the report said that the number demonstrates that the Ulan Bator Railway company, Mongolia's official railway operator, has not only become an active participant in regional and international transport and logistics, but also a strong competitor in the land corridors connecting China and Europe.
There were 2,312 such freight trains traveling through Mongolia in 2020, according to the statement.
Mongolia plans to become a transit state, offering the shortest route from Europe to Asia through its territory, Mongolian President Ukhnaa Khurelsukh has said.
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COVID-19: 488 new cases, two deaths reported www.montsame.mn

The Ministry of Health reported that 138 new cases of COVID-19 have been reported in the past 24 hours. Specifically, 360 cases were reported in Ulaanbaatar city, with 100 cases in rural aimags and 28 imported cases.
It was also reported that one COVID-19 related death has been reported, raising the country’s death toll to 1,989. Currently, 2,179 people are receiving hospital treatment for COVID-19 whilst 3,457 people with mild symptoms of COVID-19 are being isolated at home.
As of today, January 4, the coverage of 1st dose is 69.7 percent (2,266,225) and 2nd dose – 66.5 percent (2,164,363) of the total population. Moreover, 919,478 people (28.3 percent) have received 3rd dose or a booster shot of COVID-19 vaccines nationwide.
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Indonesia miners seek solution as coal export ban rattles global sector www.reuters.com

JAKARTA/CHENNAI, Jan 3 (Reuters) - Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world's biggest economies.
The world's biggest exporter of thermal coal on Saturday banned the shipments because of concerns it could not meet its own power demand. But the prohibition risks undermining the energy needs of global economic linchpins China, India, Japan, and South Korea, which together received 73% of Indonesian coal exports in 2021, according to shiptracking data from Kpler.
Though key coal trading hubs such as Australia are closed on Monday, prices for coal to India's west coast have already climbed by as much as 500 rupees ($6.73) per tonne since the ban was announced, said Riya Vyas, a business analyst at iEnergy Natural Resources Limited.
But, she did not know of any exporters who had declared force majeure, which describes when companies cannot supply fuel because of events beyond their control.
The ban follows a tumultuous year for global coal as prices surged amid a supply crunch in China, the world's biggest consumer. Prices of the most commonly exported grade of Indonesian coal rose to a record $158 per tonne in October thought it slipped $68 on Dec. 29, according to data from Caixin.
Ridwan Jamaludin, the director-general of minerals and coal at the Indonesian energy ministry, said at the weekend that without the ban almost 20 power plants would have to shut.
Under its so-called Domestic Market Obligation (DMO) policy coal miners must supply 25% of their annual production to state utility Perusahaan Listrik Negara (PLN) at a maximum price of $70 per tonne, below current market prices.
The Indonesian Coal Mining Association (ICMA) met trade ministry officials during the weekend to thrash out a solution, ICMA Chairman Pandu Sjahrir said on Monday.
"The main objective now is to avoid power outages. For the very short term, the solution is for ten of our biggest members to try to help with PLN's shortage," he said.
The ICMA called for the ban to be revoked since it was "taken hastily without being discussed with business players".
Shares of Indonesia's coal miners fell early on Monday. Adaro Energy (ADRO.JK) dropped 3.1%, while Bukit Asam (PTBA.JK) lost 3.3% and Bumi Resources shed 2.9%. However, Adaro shares later rebounded.
Pandu said some miners are unable to sell to PLN since the company requires coal with a heating value of 4,200 kilocalories per kg or less, which is considered a low-grade form of the fuel.
A spokesperson for Adaro, one of Indonesia's biggest coal miners, said that in 2021 it sold about 27% of its output domestically, more than required.
Analysts expect the miners' willingness to do whatever it takes to restore export flows would lead to a quick resolution, especially since they have abundant supply capacity.
"I believe total monthly output from Indonesian mines is just below the 40-million-tonne mark, which would represent roughly a third of annual domestic demand. As such, it's difficult to envision this dragging on for more than a few weeks," said coal market analyst Matt Warder of Seawolf Research.
The ICMA is concerned about potential disputes with buyers if producers declared force majeure because of the ban.
The industry ministry of South Korea said there were likely to be some delivery delays, but expected that 55% of January coal shipments from Indonesia that had been loaded will be delivered on time.
"While the ministry expects Indonesia's coal export ban would have limited short-term impact, considering the country's (South Korea) coal inventory and coal shipments from other countries, including Australia, we need to closely monitor developments," the ministry said.
Coal buyers in India, which accounted for over 15% of Indonesia's coal exports in 2021, expect some re-routing of shipments from other suppliers if the ban persists.
"We might see coal from other origins such as Australia coming to India and diversion of vessels going to other countries in the region such as Bangladesh coming to India, if India pays a higher price," said iEnergy's Vyas.
Other analysts said to wait and see if Indonesia changes course on Wednesday. "Of course there have been knee jerk reactions, but people are waiting to see how this plays out," said Puneet Gupta of Indian coal trading marketplace Coalshastra.
But, steps to enact the ban are advancing with Indonesia's transportation ministry on Sunday issuing a temporary halt on vessels loading coal at ports.
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Death of Mongolian judoka E.Enkhbat riases questions www.news.mn

Former Mongolian Champion E.Enkhbat passed away last weekend. E.Enkhbat who won international medals in the IJF World Tour fighting U90kg and U100kg was 37 years. He was a medalist at Asian Championships and reached the final of the IJF Grand Slam in Baku in 2013. The cause of the death of E.Enkhbat is unknown but the reactions on social media made clear that it was an unexpected death. After his judo career E.Enkhbat became a popular wrestler.
At the same time, Olympic champion N.Tuvshinbayar is being investigated for causing harm to E.Enkhbat in April of this year. A few days before Christmas a preliminary hearing on the case of N.Tuvshinbayar was held in Khan-Uul district court and the case was returned for additional investigation.
2008 Olympic champion N.Tuvshinbayar who is the current president of the Mongolian Olympic Committee had a previous detention and the restraining order will remain in place. The prosecutor will decide whether to continue the measure of restraint taken against N.Tuvshinbayar to transfer the case to the prosecutor.
Recalling the decision of the preliminary hearing, the Khan-Uul District Prosecutor’s Office filed a criminal case against N.Tuvshinbayar.
According to Article 33.3, Paragraph 1, Clause 1.2 of the Criminal Procedure Code, “the case was remanded to the district prosecutor’s office for investigation that could not be remedied by a court. The court upheld the previous detention of N.Tuvshinbayar until he went to the prosecutor’s office.
E.Enkhbat was a competitor of N.Tuvshinbayar who he met twice on the tatami of an international event. E.Enkhbat fought at World Championships in 2010 and 2011.
(Judo Inside)
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Mongolian PM to attend the Beijing 2022 Olympic Winter Games www.news.mn

Mongolian Prime Minister L.Oyun-Erdene said he will attend relevant activities of the Beijing 2022 Olympic Winter Games in February. Speaking at a meeting of Mongolia’s State Great Khural on Thursday, the Prime Minister said sports should not be politicized. Three Mongolian athletes will compete in the Winter Olympics.
The International Olympic Committee (IOC) President Thomas Bach has insisted the Beijing 2022 Winter Olympics will be “safe and secure”, while also reiterating his stance that the Olympic Games and the IOC must be “beyond all political disputes”.
The Games, which will see Beijing become the first country to host the Summer and Winter Olympics, are due to be held under substantial dispute, with China’s human rights’ record called into question.
Several countries, including the United States and Britain, will diplomatically boycott the Olympics, while the well-being of Chinese tennis player Peng Shuai has also been cited as a reason to criticise the Chinese Communist Party.
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More Mongolians getting booster jabs www.news.mn

As of today (3 January, 2022 ), the first dose of vaccine has been given to 69.7 percent of the Mongolian population, and 66.5 percent of the population is fully vaccinated. 28.2 percent of Mongolians have been given the booster shot.
While many nations were grappling with the rapid spread of the highly transmissible delta variant, Covid-19 transmission in Mongolia declined sharply as the country vaccinated more than half of its population since February, 2021. Mongolia had one of the fastest vaccination rollout programs in the world, and by May, 2021 many of its coronavirus restrictions were lifted as new cases fell dramatically.
Just months ago, new cases had fallen to triple-digits, and there were some days in recent months where no new deaths were recorded.
Today, the country of 3.4 million has recorded 138 new cases of Covid-19; 11 of them were imported and 97 were in Ulaanbaatar. It was also reported that no new COVID-19 related death.
So far, Mongolia has 390,014 confirmed cases of coronavirus and 2,060 deaths.
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Ulaanbaatar Railway becomes an active participant in international transport and logistics www.montsame.mn

With the 2,500th train transiting through Mongolia on December 30, Ulaanbaatar Railway was able to renew their achievement of the previous year. The 2500th journey was made by a train with 31 train cars en route Sukhbaatar - Naushki, which started its journey at 9.15 on December 30.
As a result of the improvements made in the trains’ capacity and usage, the freight of 2021 had an increase of around 40 thousand TEUs compared to the previous year.
The achievement shows that Ulaanbaatar Railway JSC has not only become an active participant in regional and international transport and logistics, but also a strong competitor in the land corridors connecting China and Europe.
It should also be noted that the number of trains passing through the territory of Mongolia for routes connecting Asia and Europe as well as China and Russia reached 2,312 in 2020, which set a new record for Ulaanbaatar Railway. As the railway company transported over 20 percent of the total freight transported between the two continents, the corridor of Mongolia was considered as the corridor with the highest annual growth rate.
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Copper think tank signals how Chile’s new Constitution can boost the mining sector www.mining.com

Chile’s Centre for Copper and Mining Studies (Cesco) presented a document titled More and better mining for Chile before the constituents working on the country’s new Political Constitution, which should be subjected to a referendum by mid-2022.
Led by the Centre’s director Leopoldo Reyes, the presentation emphasized that even though Chile would be between 20% and 25% poorer if it didn’t exploit its mineral resources, the mining sector needs a new purpose that goes beyond increasing production because grades continue to lower and because the local industry has not been able to build a strong value chain that promotes sustainable development.
Considering that due to the climate change-driven energy transition, the world will need the equivalent of an additional 25% of Chile’s current copper production, Reyes said that the country has an opportunity to match its metal and mineral exports with the provision of knowledge, technology and services to international partners.
In his view and that of the nonprofit he leads, in order for Chile’s mining sector to step up its game, a model shift is needed. Thus, the new Constitution should emphasize that the Chilean state is the owner of the country’s mineral bounty and has the obligation to generate the greatest sustainable value by undertaking mining exploration and exploitation projects led by state-owned companies.
Such projects, however, could be run under a mixed model in which state-owned and private companies join forces to maximize results.
Concessions and royalties
When it comes to concessions, the Centre for Copper and Mining Studies proposes new legal measures that promote and guarantee that concessions are used as they were intended to. “In this sense, we propose modifications to the Qualified Quorum Law so that the obligations of concessionaires are laid out in a clearer manner,” the document states.
Cesco also poses the idea of creating more efficient mechanisms to collect rent and royalties from private companies, both local and foreign, keeping in mind that mining activities are capital-intensive, cyclical and long-term and that it is important to keep attracting investors.
For the organization, the existing Specific Tax on Mining needs to be raised so that the state can continue to invest in the sector, grow the country’s production capabilities and boost technological developments.
“The State should also invest or incentivize investments in activities that complement the exploitation of mineral resources, namely, science, technology and innovation, thus strengthening the value chain and the competitiveness of the metallurgical sector,” the document reads.
The final recommendations of the Centre for Copper and Mining Studies focus on working towards a greener future. It suggests that the government makes an effort to move away from fossil fuels and starts dealing with historical environmental liabilities. This means identifying and characterizing such liabilities, compensating those who have suffered due to the destruction of the natural environment and making efforts to restore the country’s natural assets.
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China’s high-speed rail reaches length of Equator www.rt.com

Part of the new Silk Road railway is expected to boost international co-operation between China and ASEAN
A new section of the high-speed railway connecting Beijing and Hong Kong opened on Thursday, extending China’s overall high-speed rail network the length of the equator, at around 40,000 kilometers.
The new railway linking Anqing in East China’s Anhui Province and Jiujiang in East China’s Jiangxi Province has a designed speed of 350 kilometers per hour. It snakes down through rivers, lakes, urban main roads and other railways, according to the railway builder China Tiesiju Civil Engineering Group.
The 176-kilometer rail link will shorten the current four-hour journey from Nanchang in Jiangxi to Hefei in Anhui to around two hours. It will boost the railway network between provinces in Central China and help to develop the Yangtze River Economic Belt, the company said.
“China has both land border and coast line, high-speed railway is able to connect multiple international ports with inland provinces, and further accelerate international co-operation between China and ASEAN member countries,” Sun Zhang, a mass transit expert and professor at Shanghai Tongji University, told the Global Times.
Experts say China’s efficient high-speed railway system will play an important role in the implementation of the Belt and Road Initiative and the Regional Comprehensive Economic Partnership in the future.
The country is set to open an estimated seven additional high-speed rail links operating at 350 kilometers an hour in 2022, media report.
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