1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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Approval of new regulation on the changes to the share capital and shareholding structure of banks after IPO www.melvilledalai.com

On 28 January 2021, the Parliament of Mongolia adopted the
Law of Mongolia on Amendments to the Banking Law (the
“Banking Law Amendments”) which, among other things,
required systemically important banks to become open joint
stock companies (i.e. a publicly listed company) by 30 June
2022, and other banks to become open or closed joint stock
companies. For more information, please refer to our previous
note on the Banking Law Amendments here.
The Banking Law Amendments was adopted within the framework of banking sector reform and a number of related developments. Some of these developments, including the approval of plans of five systemic banks on how they intend to meet the new requirements by the Bank of Mongolia (the “BoM”)
and the Financial Regulatory Commission of Mongolia (the “FRC”), have occurred since the adoption of the Banking Law Amendments; and one non-systemic bank has become a publicly listed company.
Article 36.6 of the Banking Law, enacted on 28 January 2010 (the “Banking Law”), revised as per the Banking Law Amendments, provides that the BoM is to make a decision on whether to provide its approval in respect of changes to the amount and structure of shares of an influential shareholder1 and issuance of shares and other securities classified as shares.
In light of the above, on 5 October 2021, the Governor of the BoM and the Chairperson of the FRC adopted a Joint Order No.A-262/ 262 approving the Regulation on the Approval of Changes to the
Share Capital and Shareholding Structure of a Bank in the form of a Joint Stock Company (the “New Regulation”).
The New Regulation is silent as to when it will become effective. However, it is likely that it will apply after banks are registered as joint stock companies.
Please review full article on the link https://www.melvilledalai.com/publications
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Mongolian Economic Forum to be organized on April 7-8 www.montsame.mn

At its regular meeting held today, the Cabinet made a decision to organize the Mongolian Economic Forum, which has been suspended for two years due to the pandemic, under the theme ‘New Revival Policy’ on April 7-8.
“The conditions for organizing the forum have been created considering the factors such as the Government’s decision to downgrade the country’s level of heightened state of readiness from ‘Orange’ to ‘Yellow’ and high vaccination rate”, said the Deputy Minister of Economy and Development S.Narantsogt.
He further mentioned that the plans are underway to organize a series of events this year to expand the economy, accelerate the implementation of the ‘New Revival Policy’ as well as to attract foreign investors.
It was also reported that the ‘Invest Mongolia-2022' conference is scheduled to be held in September.
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Exploring policy options to support Mongolia build better and achieve sustainable development www.montsame.mn

Mongolia’s officials, economists and UN experts discussed policy options that help make Mongolia transform its economy towards more socially inclusive, resilient to future shocks and ecologically sustainable.
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the United Nations Resident Coordinator’s Office (RCO) in Mongolia, and the Ministry of Economy and Development (MED) just kicked off a two-day national workshop on ‘Building forward better: Securing inclusive, resilient and green development in Mongolia’, to be held virtually on 21-22 February 2022.
Vice-Minister for Economy and Development, Mr Narantsogt Sanjaa highlighted in his opening remarks that the Government of Mongolia has just recently adopted its New Revival Policy that will lead Mongolia on the sustainable recovery from the enormous impact of the COVID-19 pandemic on Mongolia’s economy.
He stressed that the macroeconomic models and tools discussed at the workshop will be instrumental for the policy directions to improve the basic infrastructure and stimulate the economy, as set out in the New Revival Policy.
The discussion focused on key policy areas such as Mongolia’s medium-term policy planning, major development opportunities and challenges, and the socio-economic and environmental implications of policy options to build forward better.
UN Resident Coordinator Tapan Mishra underscored the timeliness and importance of this national workshop that came at a crucial time when the Government of Mongolia is leading their important New Revival policy.
“We welcome the Prime Minister’s recent decision to reopen the country for business, inviting investors as well as tourists to this beautiful country with tremendous economic potential,” said Tapan Mishra.
Especially in the face of the ongoing challenges that all countries encounter, such as the COVID-19 pandemic, global economic recession, and climate change, there is an urgent need for better policy coherence and integrated measures to build forward better and fulfil sustainable development goals across all three dimensions: economic, social and environmental.
At the workshop, the UN’s Under-Secretary-General and the Executive Secretary of UNESCAP, Mrs Armida Salsiah Alisjahbana emphasized the importance of having a longer-term perspective to the recovery plan that will ensure leaving no one behind, building stronger national resilience and preparedness to future crises and focusing on sustainability by a firm commitment to net-zero emission to ensure sustainable and inclusive development.
As a result of this national workshop, participants discussed policy scenarios simulated using a macroeconomic model that is based on the region-wide ESCAP macroeconomic model but tailored to Mongolia’s context and their socio-economic and environmental implications and possible incorporate in the national policy planning process. The national workshop will be followed by the technical seminar for the Ministry of Economy and Development of Mongolia to build its forecasting and policy planning capacity.
Source: UN Mongolia
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New global LNG leader could emerge this year www.rt.com

The US is on course to become the globe’s largest exporter of liquefied natural gas (LNG) in 2022, UK-based energy major Shell said in its annual LNG Market Outlook.
“LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The US led export growth with a year-on-year increase of 24 million tons and is expected to become the world’s largest LNG exporter in 2022,” Shell said in the report published on Monday.
At the end of 2021, the US ranked only third in global LNG exports, after Australia and Qatar.
According to Shell, America has two countries to thank for its LNG export growth, as China and South Korea both saw LNG demand soar last year. In its push toward switching to cleaner energy sources, Beijing increased its import of LNG by 12 million tons (to 79 million), bypassing Japan and becoming the largest importer of LNG in the world.
“During 2021 Chinese LNG buyers signed long-term contracts for more than 20 million tons a year, signaling an ongoing role for LNG in coal-to-gas switching in powering key sectors and helping to reach its ambition to be carbon neutral by 2060,” the report stated.
LNG is also increasing its role as a backup energy carrier in the event of power outages. For instance, Brazil tripled its imports of LNG last year amid persistent droughts that led to a decrease in electricity generation at hydroelectric power plants.
Overall, Shell paints a bright future for LNG, stating that “global LNG demand is expected to cross 700 million tons a year by 2040” – 90% up from 2021 demand. Asia is expected to emerge as the main consumer as “LNG replaces higher-emissions energy sources, helping to tackle concerns over air quality and to help progress towards carbon emissions targets.”
“As countries develop lower-carbon energy systems and pursue net-zero emissions goals, focusing on cleaner forms of gas and decarbonisation measures will help LNG to remain a reliable and flexible energy source for decades to come,” Wael Sawan, head of Shell’s renewables department, said in the report.
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Ban imposed on camps near Khuvsgul Lake www.news.mn

To save the ecology of Khuvsgul Lake, Mongolia has banned establishing new tourist camps near the lake area in Khuvsgul province. Khuvsgul Lake is a popular tourist destination in Mongolia, visited by a large number of people all season.
During the past few years, the ecology of the lake has started degrading due to human intervention in the area. The residents are setting up camps on the periphery of the lake area for tourists. As a result, waste and the garbage is being strewn around these camps that has threatened the existence of the lake, which is known for its clean water. Khuvsgul holds 76.6 percent of Mongolian fresh water reserves and its water is drinkable without any treatment.
Since 1950, there have been over 50 vehicles submerged in the lake; became cancer of eco-system.
Today (23 February), a national forum on protecting Khuvsgul Lake has been held in State House of Mongolia. The two-day forum was organized under the auspice of the President U.Khurelsukh. Previously, U.Khurelsukh approved a resolution on developing eco-tourism zone around Khuvsgul Lake in 2019 when he was Prime Minister.
As for end of 2021, there are 49 tourist camps, 132 ger hotels, 15 resorts and 800 hotels which capable of receiving some 7000 tourists operating in Khuvsgul province. Over 56 thousand local tourists visited in Khuvsgul Lake in 2021.
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COVID-19: 525 cases, two deaths reported www.montsame.mn

The Ministry of Health reported today that 525 СOVID-19 cases were recorded in the last 24 hours nationwide. In detail, 293 cases were reported in Ulaanbaatar city, with 232 cases in 21 provinces.
It was also reported that two COVID-19 related death have been reported in the past 24 hours, raising the country’s death toll to 2,089. Currently, there are 3,409 people are receiving hospital treatment for COVID-19 whilst 11,429 people with mild symptoms are being treated at home. Of the total patients currently undergoing treatment at hospitals, there are 881 patients in mild, 2,185 in serious, 294 in critical, and 49 in very critical conditions.
As of today, the coverage of 1st dose has reached 69.8 percent (2,271,205), 2nd dose – 66.8 percent (2,172,533), and 3rd dose or a booster shot of COVID-19 vaccines – 31.0 percent (1,020,672) of the total population. In addition, 98,529 people (3.0 percent) have received the 4th vaccine dose.
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Ukraine-Russia tensions: Oil surges on supply fears www.bbc.com

Oil and gas prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world.
The price of Brent crude, an international benchmark, reached a seven-year high of $99.38 (£73) a barrel on Tuesday.
Russia ordered troops into two rebel-held regions in Ukraine's east after it recognised them as independent states.
In London, the FTSE 100 share index opened more than 1.4% lower before regaining some ground.
Asian stock markets closed lower, and US stock exchanges were braced for losses.
The UK and several western allies have threatened sanctions on Russia, which is the second largest oil exporter after Saudi Arabia. Russia is also the world's top producer of natural gas.
Russia has said its troops will engage in "peacekeeping" in the self-declared Donetsk and Luhansk people's republics.
But the US has said calling them peacekeepers is "nonsense", and that Russia is creating a pretext for war.
The Ukraine-Russia crisis could have "substantial implications" on oil prices, which have jumped more than 10% since the start of the month, said Sue Trinh of Manulife Investment Management.
Sanctions forcing Russia to supply less crude or natural gas would have "important impact on the global economy", she added.
Maike Currie, an investment director at Fidelity International, said oil could go above $100 per barrel due to a combination of the Ukraine crisis, a cold winter in the US, and a lack of investment in oil and gas supplies around the world.
"Russia accounts for one in every 10 barrels of oil consumed globally, so it is a major player when it comes to the price of oil, and of course, it's really going to hurt consumers at the petrol pumps," she said.
There have been US and EU sanctions on Russia for a number of years, which has had a "massive impact" on the Russian economy.
Sanctions are likely to be "deepened", Ms Currie said, including sanctions on financial institutions, technology such as chips, and individuals.
Most of the oil and gas that the UK imports does not come from Russia, but if Russian supplies are constricted, wholesale prices are likely to rise around the world.
This could drive up already high inflation rates in the UK and elsewhere, economists said.
'Deep sea of red'
Share price falls worldwide suggested investors were concerned about the developments, which come as the global economy is still recovering from the impact of the coronavirus pandemic.
Japan's Nikkei 225 index closed 1.7% lower, and the Shanghai Composite fell nearly 1%.
In Berlin, the Dax opened down more than 2% and in Paris the Cac-40 dropped more than 1.5% initially, before both indexes regained some ground.
US markets are also set to open lower.
A possible war is at the forefront of investors' minds, said Song Seng Wun, an economist at CIMB Private Banking, leaving markets in a "deep sea of red".
"There are fears that freight and shipping costs, that are already at elevated levels, will climb higher because of demand-supply disruptions," he told the BBC.
Russ Mould, investment director at AJ Bell, said there had been "another big sell-off on global markets".
He said investors had been "dumping commodity producers - particularly those with exposure to either Russia or Ukraine - as well as tech and travel stocks."
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Prominent anti-China activist arrested in Mongolia www.rfi.fr

Ulaanbaatar (AFP) – A prominent anti-China activist has been arrested in Mongolia, part of what campaigners have said is a wider effort to "clean up" Beijing's critics in the country.
Landlocked Mongolia is dependent on mineral exports to its giant neighbours, Russia and China, but there have also been protests in the capital Ulaanbaatar over Beijing's language policy in Inner Mongolia.
Critics of the policy in the Chinese border region -- home to an estimated 4.5 million ethnic Mongolians -- say it mirrors moves in other areas such as Xinjiang and Tibet to assimilate local minorities into the dominant Han culture and eradicate minority languages.
Munkhbayar Chuluundorj was arrested Friday in Ulaanbaatar on suspicion of "receiving instructions and funds from a foreign intelligence group", the country's spy agency said.
The General Intelligence Agency (GIA) said he had "engaged in illegal cooperation activities" but gave no more details.
Campaigners said they suspected Munkhbayar's comments on China had brought him under official scrutiny.
In Facebook posts, he recently called for the Mongolian prime minister to resign over his close relationship with Beijing, saying "our nation's independence will be lost and all citizens of Mongolia will become slaves of China".
Footage of the arrest published by Mongolian outlet Eguur News showed a man being led away by armed police down a shop-lined road.
Visits from relatives are being denied and a closed-door trial is being held, the Southern Mongolian Human Rights Information Centre, an overseas NGO that advocates for ethnic Mongols, quoted his brother Munkh-erdene as saying.
The NGO said Munkhbayar is "one of the most vocal critics of the Mongolian government's cosy relationship with China".
Munkhbayar has "defended Inner Mongolian human rights, culture, history and land rights", according to Baljinima Bai, a language rights advocate originally from Inner Mongolia.
"Mongolia has started to 'clean up' these people... who oppose China," he told AFP.
Bai said he had also been summoned for questioning by the GIA in relation to Munkhbayar's case.
Inner Mongolian activists in Mongolia say they have faced threats and intimidation from authorities after a widespread protest movement against Chinese-language curriculum reforms across the border was met with a harsh police crackdown.
Activists also say China has pressured Mongolia to deport Inner Mongolian political refugees back to the country.
© 2022 AFP
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Hunnu Air to hold direct flights between Mongolia and Kyrgyzstan www.news.mn

Minister of Transport and Communications of Kyrgyzstan Erkinbek Osoev met in Bishkek with Ambassador of Mongolia to the Kyrgyz Republic S.Ganhuyag.
During the talks, the sides discussed topical issues of bilateral cooperation in the field of road and air transport. In particular, the sides came to an understanding on the need to build up bilateral cooperation, which should be actively promoted, developed and strengthened on mutually beneficial terms.
During the meeting, it was also said that in order to intensify trade and economic cooperation and increase bilateral trade, it is very important to develop transport links, including the opening of direct flights between Kyrgyzstan and Mongolia. This will be facilitated by the opening of a regular flight on the route Ulaanbaatar-Bishkek-Ulaanbaatar from March 6, 2022 by the Mongolian airline “Hunnu Air”, with a frequency of once a week.
As a result of the talks, an agreement was also reached to hold the next 4th meeting of the Kyrgyz-Mongolian intergovernmental Commission on trade, economic, scientific, technical and cultural cooperation in the near future in the city of Ulaanbaatar
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Mongolian team takes first place at World Memory Championships www.montsame.mn

Memory athletes aged between 10 and 24 of the Mongolian Intellectual Academy took part in the 30th virtual World Memory Championships where 366 individuals from 18 countries competed in 10 events.
The competition’s results were announced on February 21, according to which, five memory athletes in Mongolia’s 2021 team have qualified for the International Master title and grand master, 2017 world champion, Guinness record holder N.Munkhshur became world champion for the second time with her overall score.
Moreover, the Mongolian team finished in first place with 21,435 points by winning 33 (10 gold, 12 silver and 11 bronze) of the total 90 medals.
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