1 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      2 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      3 DIESEL LOCOMOTIVE CONVERTED TO HYBRID LOCOMOTIVE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/11      4 MONGOLIA REVEALS ITS UNTAMED BEAUTY AND RICH CULTURE THROUGH THE EYES OF DUTCH TOURISTS ON AN UNFORGETTABLE ADVENTURE WWW.TRAVELANDTOURWORLD.COM  PUBLISHED:2025/09/11      5 ROBOTIC MILITARY DOG TRAINING FEATURED IN CHINA-RUSSIA-MONGOLIA BORDER DEFENSE EXERCISE WWW.NOVINITE.COM  PUBLISHED:2025/09/11      6 MONGOLIA DEPLOYS 15TH BATTALION’S SECOND CONTINGENT TO UN MISSION IN SOUTH SUDAN WWW.MONTSAME.MN PUBLISHED:2025/09/11      7 THE MONGOLZ RANKINGS RISE TO SECOND WORLDWIDE WWW.MONTSAME.MN PUBLISHED:2025/09/10      8 CHABOT MOBILITY JOINS MONGOLIA VOYAGER PROJECT TO EXPORT K-MOBILITY INFRASTRUCTURE WWW.BIZ.CHOSUN.COM  PUBLISHED:2025/09/10      9 "OYUT" COPPER DEPOSIT WITH 1.1 MILLION TONS OF PURE COPPER DISCOVERED WWW.GOGO.MN PUBLISHED:2025/09/10      10 CHINA-RUSSIA-MONGOLIA BORDER DEFENSE COOPERATION 2025 JOINT EXERCISE KICKS OFF WWW.ENG.CHINAMIL.COM.CN  PUBLISHED:2025/09/10      ЗАСГИЙН ГАЗРЫН WWW.D-GOV.MN ЦАХИМ СИСТЕМ ӨНӨӨДРӨӨС АЖИЛЛАЖ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/11     ТӨМӨРТЭЙН ОВООНЫ ЦАЙРЫН ОРДЫН ТУСГАЙ ЗӨВШӨӨРЛИЙГ АЛБАН ТУШААЛТНУУД ХУВИЙН КОМПАНИДАА ШИЛЖҮҮЛЭН АВСАН ҮЙЛДЛИЙН УЛМААС ТӨРД УЧРУУЛСАН ХОХИРЛЫГ НЭХЭМЖЛЭХЭЭР БОЛОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/11     ТӨСВИЙН АЛДАГДАЛТАЙ АЛБАН ТУШААЛТНЫГ ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛД 2 ТЭРБУМААР ЗӨВЛӨХ ҮЙЛЧИЛГЭЭ АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ИПОТЕКИЙН БАНК БАЙГУУЛАГДАХААС ӨМНӨ САНХҮҮЖИЛТИЙГ ЗАСГИЙН ГАЗАР РУУ ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/10     Р.ЧИНГИСИЙГ ДОТООДЫН ЦЭРГИЙН ЕРӨНХИЙ КОМАНДЛАГЧААР ТОМИЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/10     БИРЖИЙН НҮҮРСНИЙ ЭКСПОРТ 739 МЯНГАН ТОНН БОЛЖ, ӨМНӨХ САРААС ХОЁР ДАХИН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10     “ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК НҮҮРС БАЯЖУУЛАХ ҮЙЛДВЭРЭЭС ГАРЧ БУЙ ХАЯГДАЛ НҮҮРСИЙГ ДАХИН БОЛОВСРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/10     ХАЛЗАН БҮРЭГТЭЙН ОРДЫН АСУУДЛААРХ СОНСГОЛД ХОВДООС 50 ХҮН ОРОЛЦУУЛАХ ХҮСЭЛТ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/10     “УЛААНБАДРАХ 300 МВТ ЦАХИЛГААН СТАНЦ” ТӨСЛИЙН ТЭЗҮ-ИЙГ МЭРГЭЖЛИЙН ЗӨВЛӨЛӨӨР ХЭЛЭЛЦҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10    

Category

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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Deputy Prime Minister of Thailand to visit Mongolia www.montsame.mn

Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit will pay an official visit to Mongolia on September 5-7 at an invitation of Minister for Foreign Affairs of Mongolia B.Battsetseg.
This is the first-ever visit by Thailand's Deputy Prime Minister to Mongolia. The visit will be significant for the development of friendly relations, including trade and economic cooperation, with Thailand, a ‘third neighbor’ and an important partner in Southeast Asia.
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Are catastrophic floods Pakistan’s new normal? www.aljazeera.com

Islamabad, Pakistan – Large swaths of Pakistan were inundated in 2010 by “super-floods”, resulting in the displacement of more than 20 million people. Experts called it one of the worst humanitarian disasters the country ever suffered.
Twelve years later, massive flooding has forced analysts and political leaders alike to search for new adjectives that appropriately describe the devastation caused by monsoon rains, with United Nations Secretary-General Antonio Guterres calling the inundation “epochal level”.
UN seeks $160m to help Pakistan amid ‘epochal’ monsoon floods
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Pakistan’s weather department has warned there might be more rain to come this month.
The government declared a national emergency and has desperately sought urgent aid from the international community, already suffering from donor fatigue.
While the UN promised $160m and other countries pledged aid, government officials say the floods have inflicted an estimated “loss of at least $10bn”.
What is the extent of damage?
The South Asian nation of more than 220 million people faces what is arguably its greatest humanitarian crisis. By the end of August, close to 1,200 people have died since the monsoon rains started in mid-June.
More than one-third of the country is still submerged and at least 33 million people are affected. The National Disaster Management Authority (NDMA) puts the number of affected districts at 72 out of a total 160.
The NDMA estimates damage to more than 5,000km (3,100 miles) of roads, 10 million houses partially or fully destroyed, and the death of 700,000 livestock, often people’s only livelihood.
The southern province of Sindh remains the worst affected. As of August 30, NDMA said at least 405 people, including 160 children, died there. More than 14 million people in the province are “badly affected”, of which only 377,000 are living in camps right now.
The southwestern province of Balochistan – Pakistan’s largest by area but also the most impoverished – is also reeling. More than nine million people were forced to leave their homes, but only 7,000 have been provided accommodation in camps.
What caused the floods?
The Global Climate Risk Index puts Pakistan as the eighth most vulnerable country because of disasters caused by climate change, yet the country is responsible for less than 1 percent of the world’s planet-warming gases.
Extreme weather conditions have left the country precariously placed, where weather patterns are no longer predictable.
Earlier this year, the country faced unprecedented heatwaves and months-long drought in Sindh and Balochistan. Only a few months later, Pakistan broke its decades-long rainfall record with the two provinces receiving 500 percent more precipitation than the annual average.
Sara Hayat, a Lahore-based climate change lawyer and policy specialist, told Al Jazeera to ascertain what has caused the devastating floods, it needs to be seen as a pyramid of factors with the foundational one being global climate change.
Hayat said the flooding was caused by excessive torrential rain, as well as glacial melt in the north of the country.
“Pakistan generally gets three to four cycles of monsoon rains,” she said. “This year we have received eight already and there are predictions that rain will go on till October. This is extremely unusual.”
Ali Tauqeer Sheikh, an Islamabad-based climate change analyst, told Al Jazeera that unlike the 2010 floods that were riverine in nature, this year saw multiple types overlapping each other that resulted in “such heavy destruction across the country”.
Sheikh highlighted urban flooding, flash flooding, glacial lake bursts as well as cloud bursts as some of the different types of flooding to hit the country, all linked to climate change activity.
“These are not routine floods. In fact, we have not had riverine floods at all this year. This is perhaps the first time we have climate change affecting patterns of monsoon. Only time will tell if it was a freak event of nature, or if it becomes more routine,” he said.
Hayat said while it is easy to pin blame on the government, preparing for this scale of flooding was always going to be a difficult job.
How do these floods compare with 2010?
While monsoon rains have lashed the country since June, it was only in late July when the intensity and scope became clear.
Since then, Prime Minister Shehbaz Sharif called the floods “unprecedented”, and Sherry Rehman, the climate change minister, described the situation as the worst in living memory.
When asked if these floods are worse than 2010, Hayat responded, “100 percent”.
“Those floods displaced 20 million people. This year the floods have not ended and we have already calculated at least 33 million people who are badly impacted. The complete scope of the disaster will only emerge in coming months when the water starts receding,” she said.
Shahrukh Wani, an economist at the Blavatnik School of Government, University of Oxford, agreed given the scale of this year’s flooding it will “either meet or exceed the damage caused by the 2010 floods”.
“Unlike in 2010, global conditions are very different right now. Much of the global aid momentum is focused on Ukraine and many developed countries are themselves facing economic crises at home, which might mean that Pakistan will have less international support than it did in 2010,” Wani told Al Jazeera.
What are the challenges ahead?
At a time when the country is already reeling from back-breaking inflation and barely averted a default after the International Monetary Fund (IMF) approved $1.17bn in funds, a once-in-a-lifetime flood was the last thing the South Asian nation needed.
Added to this volatile mix is perpetual political instability, exacerbated since the removal of the Pakistan Tehreek-e-Insaf (PTI) government in April.
Sharif recently told international media he is willing to sit down with former Prime Minister Imran Khan to find a way to address the woes facing flood victims.
Hayat said it is imperative that political warmongering stop and priorities be adjusted to face the daunting challenge of rebuilding.
“One of the biggest challenges we will face is when the country goes into election cycle. When that happens, you start thinking only about politics. But it is necessary that flood relief efforts and rehabilitation of the affected population must accompany all political conversation in the country.”
Wani said Pakistan will suffer “catastrophic” economic repercussions because of the floods.
“There is the immediate impact on destroyed food crops, homes, roads, and livestock. This affects both people who are directly impacted by the flood by wiping out their household wealth, but also people in major cities through increasing the cost of food,” he said.
Pakistan faces a “very difficult winter ahead” as it will need money for a “nationwide rebuilding effort post-floods, meeting the demands set up by the IMF programme, competing with Europe to secure gas imports, and cushioning the impact of increasing food inflation”, Wani warned.
But the biggest challenge for Sheikh is if flooding such as this year’s becomes a regular feature rather than a one-off.
“Worst case scenario would be if we get multiple kinds of floods we had this year plus the riverine flood together. The devastation would be unimaginable,” he said.
Flood management strategies must be reoriented to become more robust and climate-smart, Sheikh said.
“First order of business is that we must protect our community and do not grant permits which allow construction on river banks, river shoulders. No amount of money nor any technology can save structure which is built next to the river,” he said.
SOURCE: AL JAZEERA
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Foreign Minister of Lao PDR to visit Mongolia www.montsame.mn

On the occasion of the 60th anniversary of the establishment of diplomatic relations between Mongolia and the Lao People’s Democratic Republic, Deputy Prime Minister and Minister of Foreign Affairs of the Lao PDR Saleumxay Kommasith will pay an official visit to Mongolia on September 3-5.
The visit will be the first visit by the Foreign Minister of Lao PDR since 2002.
During the visit, Deputy Prime Minister and Minister of Foreign Affairs of the Lao PDR Saleumxay Kommasith will hold official talks with Mongolian Foreign Minister B.Battsetseg and pay courtesy calls on President U.Khurelsukh, Chairman of the State Great Khural G.Zandanshatar, and Prime Minister L.Oyun-Erdene.
During the meeting, the exchange of views will take place on deepening the friendly relations and cooperation between Mongolia and Laos, intensifying political dialogue mechanisms, expanding cooperation in the fields of trade, economy and culture, and other issues of mutual interest.
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Rio Tinto agrees to $3.3 billion deal for rest of Turquoise Hill www.reuters.com

(Reuters) -Rio Tinto on Thursday reached an in-principle agreement to buy the rest of Canadian firm Turquoise Hill Resources for $3.3 billion, which gives the global miner direct ownership of a giant copper mine in Mongolia.
The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reed
Rio will pay C$43 per share in cash for the 49% of Turquoise Hill it does not already own, a more than 19% premium to the stock’s last close and higher than a sweetened offer of C$40 apiece proposed last month.
The deal, which awaits shareholder approval, gives the global miner ownership of Turquoise Hill’s 66% stake in Oyu Tolgoi, the world’s largest known copper and gold deposits, 550 km (342 miles) south of Mongolia’s capital Ulaanbaatar.
Global mining firms are looking for growth in commodities such as copper - used in wind turbines, solar power systems and electric cables - and nickel and lithium that are used in batteries for electric vehicles (EVs), as the world gears up to decarbonise.
The takeover process has been ongoing for about six months with Turquoise Hill earlier rejecting the C$34 apiece offer from Rio, citing it was too low.
“Rio Tinto is committed to moving Oyu Tolgoi forward in direct partnership with the government of Mongolia to realise its full potential for all stakeholders,” Rio Tinto Chief Executive Officer Jakob Stausholm said.
“This agreement ... will simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project.”
Rio and the Mongolian government, which owns the remaining 34% of Oyu Tolgoi, ended a long-running dispute over the $7-billion expansion of the mine earlier this year.
Rio rival BHP Group was rebuffed in its A$8.34 billion ($5.8 billion) takeover bid for OZ Minerals last month, as it looks to shift into clean energy and the EVs market.
BHP has not said if it would sweeten its offer, although analysts and bankers believe it would have to if it wants to secure the asset.
Rio and Turquoise Hill also agreed on Thursday to amend certain financing arrangements to help the Canadian firm address near-term liquidity, the global miner said.
The agreements include increasing an early advance facility agreed in May to $650 million from $400 million and extending the deadline for a $650 million equity raising and debt repayment to at least March 2023.
The amended arrangements also include a commitment by Rio to participate pro rata in an initial equity offering.
A special meeting of Turquoise Hill shareholders to approve the deal is expected in the fourth quarter, and the deal will close shortly thereafter, if approved, Rio said.
($1 = 1.4669 Australian dollars)
Reporting by Shashwat Awasthi; Editing by Subhranshu Sahu, Rashmi Aich and Sherry Jacob-Phillips
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Russia, Iran agree to promote economic cooperation amid Western sanctions www.nhk.or.jp

The foreign ministers of Iran and Russia have agreed to promote bilateral economic cooperation, amid Western sanctions imposed on their countries.
Iran's Foreign Minister Hossein Amir-Abdollahian met his Russian counterpart Sergey Lavrov in Moscow on Wednesday.
Lavrov told reporters after the meeting that Russia fully supports Iran regarding the negotiations to revive the 2015 nuclear deal. He said Moscow is satisfied with the final text.
Amir-Abdollahian said he and Lavrov discussed cooperation in financial, trade and other fields, as well as plans to build a railway connecting Iran and Russia.
He also said the countries will conclude a long-term comprehensive agreement in the near future.
Observers say Tehran and Moscow are apparently aiming to work together to counter sanctions imposed by the United States and other countries.
Concerns are growing in Western countries that Iran and Russia could be moving to step up not only economic ties but also military cooperation.
The US has accused Iran of preparing to supply Russia with hundreds of drones, as Russia is believed to be short of them amid its invasion of Ukraine. Tehran and Moscow have denied the accusation.
 
 
 
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Mongolia commits to aggressive tightening of Monetary Policy www.news.mn

Yesterday (31 August), Mongolian Cabinet held regular meeting with new structures and new Ministers. Ch.Khurelbaatar, Minister of Economy and Development announced the latest decisions of the Government.
The Government is on a path of tighter monetary policy aimed at bringing inflation, now running at an annual rate of 14.1%, under control. Inflation was 15.7 percent in the first seven months of 2022. Inflation cooled in July as meat and vegetables prices fell. In Mongolia, rising inflation has mainly been driven by external balance on goods and services. The overall fiscal balance reached to USD 1.3 billion. Therefore, Mongolia will continue tightening monetary policy. The country of 3.4 million has raised interest rates by four times since 2022 up to 10 percentage point.
However, higher interest rates are also reducing housing affordability and pricing prospective buyers out of an already tight property market.
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Stifel GMP upbeat on Mongolia-focused Steppe Gold following ATO Phase 2 expansion plan update www.proactiveinvestors.ca

On August 30, Steppe reported positive progress on its Phase 2 expansion plan at the mine after it received a landmark power agreement and is constructing a new fixed crusher, which is expected to be completed in October this year
Broker Stifel GMP is upbeat on Mongolia-focused miner Steppe Gold Ltd and expects its shares to re-rate as the company continues to execute steady production at its flagship ATO mine.
On August 30, Steppe reported positive progress on its Phase 2 expansion plan at the mine after it received a landmark power agreement and is constructing a new fixed crusher, which is expected to be completed in October this year.
The installation is 72% complete and, once operational, the new unit will increase Steppe's current processing capacity by four times, up to 4 million tonnes per annum at 50% of its power.
Analysts at Stifel said Steppe was continuing "to execute well following ATO's leaching restart with the market starting to reward this success".
"However, there is still room to re-rate higher towards the junior producer peer group average of 0.41x," they added.
"We expect this re-rate to continue as the company demonstrates steady gold production at ATO through the rest of the year and as the first ever drill results from UK are received in Q3."
"We model ATO's oxide reserves processed at a rate of 2,300 tpd depleting in Q3 2025 (with some assumed reserve additions). Completion of the crusher ahead of schedule has the potential to accelerate this production and pull forward sale of those ounces to provide a greater portion of the equity funding for the Phase 2 Expansion," said the analysts.
Stifel also noted it was "encouraged" that the miner's sulphide floating plant construction was on track for 2024 (in line with the broker's model) and that that connection to the power grid demonstrated support from the government and opportunity for lower costs.
Stifel rates Steppe a 'Buy' and targets C$2.90 a share (current price: C$1.10).
Contact the author at giles@proactiveinvestors.com
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Mongolian government pays $153m to settle dispute over Erdenet and Monros mines www.mining.com

The Mongolian Copper Corporation (MCC) announced Wednesday it received a payment of $153.5 million from the Mongolian government for the Erdenet and Monros mines.
The payment stems from a longstanding dispute surrounding the 49% ownership of the Erdenet and Monros mines, which MCC purchased in 2016 from Russian company Rostec.
“The move honors Parliament’s resolution and the decision of the Constitutional Court which concluded that MCC must be compensated for the amount it paid for the shareholding in the mines,” the company said in a press release.
MCC said it continues to work with the government to settle the outstanding balance by the end of the year.
Erdenet, which produces 530,000 tonnes of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.
Erdenet and Monros were originally joint ventures operated by the USSR and the Mongolian government.
In 2015, MCC approached Rostec to explore the idea of acquiring its shares in the mines, and throughout 2015 and 2016 negotiations progressed.
In June 2016, the government issued a resolution, by which it waived its pre-emption right to purchase Rostec’s shareholding in Erdenet and Monros.
In June 2016 MCC purchased Rostec’s shares in Erdenet and Monros for $400 million, but in 2017 authorities announced that MCC’s shareholding in Erdenet would be transferred to the government and that it was not within the power of the government to waive its pre-emption rights.
A lengthy legal dispute took place, which culminated in a ruling from the Constitutional Court of Mongolia in February 2018 that MCC must be compensated for the amount paid to Rostec for the shareholdings in the mines.
 
 
 
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685 services integrated into E-Mongolia system www.montsame.mn

At today’s Cabinet meeting, Minister of Digital Development and Communications N.Uchral presented about ‘Digital nation’ measures being implemented as part of ‘Revival of the State Efficiency’ set out in the Government’s ‘New Revival Policy’.
Currently, 685 services of 63 government organizations have been integrated into ‘E-Mongolia’ unified digital platform and 1,284 services have been digitalized in rural areas. To date, 14.4 million services have been received through the system by citizens and enterprises, from which MNT 10.4 billion have been collected in the state budget.
Since the Law on Electronic Signature coming into effect from May 1, electronic signatures have been issued to 266,451 citizens so far. In connection, the Prime Minister tasked to intensify this work.
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Implementation of Austerity Law reviewed www.montsame.mn

During today’s regular meeting of the Cabinet, the implementation of the Austerity Law was reviewed.
Since the law entered into force in April 2022, about MNT 5.8 billion has been saved so far by dismissing 159 deputy directors, first deputy directors, and advisers in government organizations, restricting the officials below the level of the minister from using government fleet vehicles and from traveling in business class for business trips, and digitalizing some day-to-day operations.
In addition, MNT 4.4 billion was saved from dismissing 104 deputy directors and first deputy directors of state-owned enterprises, MNT 5.6 billion from redefining the organizational structure and functions of state-owned enterprises, MNT 26.2 billion from organizing meetings and trainings virtually, and reducing the expenses of other day-to-day operations, and MNT 43.1 billion from not financing projects and measures that are not directly related to the main activities of state-owned enterprises.
The Prime Minister instructed the relevant officials to further intensify the implementation of the law and set up a working group to monitor it.
Optimal scheme of financing necessary for reserving flour and meat to be developed
The relevant officials were instructed to intensify the implementation of the law to prevent the rise in price and shortage of key commodities caused by the international crisis and reduce their impact, and to develop an optimal financing scheme necessary to create reserves for the population's flour and meat needs in 2023, and to quickly organize its implementation.
Minister of Energy B.Choijilsuren and Head of the Authority for Fair Competition and Consumer Protection S.Munkhchuluun have been assigned to present to the next meeting of the Cabinet about the measures being taken to prevent artificial scarcity and price hikes in the supply of consumer goods and products.
Deputy Ministers and State Secretaries of some ministries appointed
At its meeting, the Cabinet also approved the appointments of Deputy Ministers and State Secretaries of some ministries.
Specifically, B.Bolor-Erdene was appointed as the Deputy Minister of Digital Development and Communications, J.Bat-Erdene – Deputy Minister of Food, Agriculture and Light Industry, and L.Khaltar – Deputy Minister of Road and Transport Development.
In addition, Ch.Zolbayar and N.Tavinbekh were appointed temporarily as the State Secretaries of the Ministry of Digital Development and Communications and the Ministry of Energy respectively.
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