1 WORLD’S BIGGEST MINING COMPANIES NOW WORTH $2.17 TRILLION WWW.MINING.COM PUBLISHED:2026/08/10      2 WORLD BANK COUNTRY MANAGER PRESENTS CREDENTIALS WWW.UBPOST.MN PUBLISHED:2026/08/10      3 70 MW THERMAL POWER PLANT FIRED UP AHEAD OF WINTER PEAK WWW.MONTSAME.MN PUBLISHED:2026/08/10      4 MONGOLIA’S NEXT PRESIDENT? RACE TO SUCCEED KHURELSUKH RESHAPES POLITICAL LANDSCAPE WWW.INTELLINEWS.COM PUBLISHED:2026/08/09      5 REQUEST SUBMITTED TO SUPPLY 12,000–15,000 TONNES OF AI-92 GASOLINE MONTHLY FROM CHINA WWW.MONTSAME.MN PUBLISHED:2026/08/09      6 DIRECTIVE ISSUED TO EXCHANGE 80 PERCENT OF GOVERNMENT DATA DIGITALLY BY NEXT YEAR WWW.MONTSAME.MN PUBLISHED:2026/08/09      7 KAZAKHSTAN, MONGOLIA STRENGTHEN WATER COOPERATION WWW.KT.KZ PUBLISHED:2026/08/09      8 BRIDGE TO THE PERSIAN GULF: WHAT THE AGREEMENT BETWEEN GOLOMT BANK AND MASHREQ BANK MEANS FOR THE CITIZENS OF MONGOLIA WWW.OPEN.KG PUBLISHED:2026/08/09      9 MIAT TO EXPAND COOPERATION WITH BOEING WWW.MONTSAME.MN PUBLISHED:2026/08/07      10 MONGOLIA'S FOREX RESERVES HIT RECORD HIGH OF 7.9 BLN USD WWW.XINHUANET.COM PUBLISHED:2026/08/07      МОНГОЛЫН МЕТАН ХИЙГ ЗАХ ЗЭЭЛД ГАРГАХ “JADE GAS” -ЫН ТУХАЙ ЗААВАЛ МЭДЭХ БАРИМТУУД WWW.ITOIM.MN НИЙТЭЛСЭН:2026/08/10     ЧОЙР–МАНДАЛГОВЬ–АРВАЙХЭЭРИЙН АВТО ЗАМЫН ТӨСӨЛ 2028 ОНД БҮРЭН ДУУСНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/10     БЯМБА ГАРАГААС ЭХЛЭН НИЙСЛЭЛД ТЭГШ, СОНДГОЙ ДУГААРААР ХӨДӨЛГӨӨНД ОРОЛЦОНО WWW.GOGO.MN НИЙТЭЛСЭН:2026/08/10     ШИНЭ СТАНЦЫН ТЕХНОЛОГИЙН АНХНЫ ГАЛЫГ АСААЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/08/09     БНХАУ-ААС САР БҮР 12-15 МЯНГАН ТОНН АИ-92 АВТОБЕНЗИН ТОГТМОЛ НИЙЛҮҮЛЭХ ХҮСЭЛТ ТАВИЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/09     ШАТАХУУНЫ НӨӨЦИЙН САВНУУД ЭХНЭЭСЭЭ АШИГЛАЛТАД ОРЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/09     АҮЭБ-ИЙН САЙД Г.ДАМДИННЯМ ОХУ РУУ ЯВЖ, ЯРИА ХЭЛЭЛЦЭЭ ХИЙНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/09     АЛТНЫ ҮНЭ ДӨРВӨН УЛИРАЛ ДАРААЛАН ӨСӨЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/07     Б.СЭМЖИДМАА: ЗӨВШӨӨРЛИЙН ШИНЖТЭЙ 103 БҮРТГЭЛЭЭС НИЙСЛЭЛИЙН БИЗНЕС ЭРХЛЭГЧДИЙГ ЧӨЛӨӨЛЛӨӨ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/08/07     ГЕГ: МАЛЫН МАХ, ДАЙВАР БҮТЭЭГДЭХҮҮНИЙ ЭКСПОРТ 17.9 ХУВИАР БУУРСАН WWW.EAGLE.MN НИЙТЭЛСЭН:2026/08/07    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia Tourism Boom 2026: Record-Breaking 208,028 Arrivals in First Four Months www.nomadlawyer.org


Mongolia is witnessing an unprecedented surge in international arrivals, with the United Kingdom joining the US, Russia, and China in driving a record-breaking 35% increase in tourism for the first four months of 2026. Released on May 7, 2026, official data from the Ministry of Culture, Sport, Tourism, and Youth reveals that Mongolia welcomed 208,028 international visitors between January and April, marking a landmark recovery for the nomadic nation. In April 2026 alone, the country recorded 64,597 arrivals, as travelers increasingly seek out the rugged wilderness of the Gobi Desert and the cultural immersion of the Naadam Festival. With aggressive infrastructure investments in rural roads and eco-friendly glamping hubs, Mongolia is successfully repositioning itself as a premier global destination for adventure, heritage, and sustainable  travel.
The May 7, 2026, reports on Mongolia’s 35% tourism growth confirm the nation's emergence as a premier global destination. By capitalizing on its unique nomadic heritage and the untouched beauty of the Gobi Desert, Mongolia has successfully attracted a diverse array of travelers from the UK, China, and the US. The record-breaking 208,028 arrivals in early 2026 are not just a statistical achievement; they reflect a strategic success in infrastructure modernization and sustainable promotion. As Mongolia continues to upgrade its rural connectivity and eco-tourism offerings, it is setting a new global standard for adventure  travel that respects both culture and nature. For the international traveler seeking an experience "beyond the typical," Mongolia has firmly established itself as the world’s most compelling nomadic frontier.

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Mongolia Pushes to Unlock Critical Minerals Amid Rising Global Demand www.devdiscourse.com

Mongolia is stepping into the global spotlight as demand for critical minerals surges alongside the clean energy transition. A recent assessment by the Asian Development Bank, supported by insights from institutions like the International Energy Agency and the World Resources Institute, highlights how the country could play a bigger role in supplying materials essential for electric vehicles, renewable energy, and battery storage.

The shift toward low-carbon technologies is rapidly increasing demand for minerals such as lithium, copper, cobalt, and rare earth elements. Electric vehicles, wind turbines, and solar panels all depend on these resources. As countries push to cut emissions, demand is expected to grow sharply over the next two decades, raising concerns that supply may not keep up.

Mongolia's Untapped Resource Potential
Mongolia holds large reserves of several key minerals, especially copper and rare earth elements. Much of its land remains underexplored, meaning there could be even more resources waiting to be discovered. Copper already plays a major role in the country's economy, contributing significantly to exports and government revenue.

But Mongolia's involvement in the global supply chain is still limited. Most of its activity focuses on extracting raw materials, with very little processing done within the country. This means it misses out on higher profits that come from refining and manufacturing.

Global Supply Chains Are Shifting
The global minerals market is changing fast. Processing of many critical minerals is concentrated in a few countries, especially China. This has raised concerns about overdependence, pushing other countries to look for new suppliers.

This shift creates an opportunity for Mongolia. Its location near major Asian markets like China, Japan, and South Korea gives it a natural advantage. If it can develop its infrastructure and processing capacity, it could become a more important and reliable supplier in the region.

Big Challenges Still Remain
Despite its potential, Mongolia faces several obstacles. Infrastructure is one of the biggest challenges. The country's vast size and landlocked geography make transportation expensive and difficult. Limited power supply also restricts the growth of energy-intensive industries like mineral processing.

There are also financial and regulatory hurdles. Mining projects are becoming more expensive due to stricter environmental standards and longer approval processes. Investors are cautious, often requiring stronger commitments and clearer policies before funding projects. In addition, a shortage of skilled workers makes it harder to expand the sector quickly.

A Path to Economic Growth
If managed well, the critical minerals sector could transform Mongolia's economy. Expanding mining and adding local processing could increase export revenues, create jobs, and reduce dependence on a few commodities. It could also attract foreign investment and bring in new technology and expertise.

However, success will depend on more than just resources. Mongolia will need to improve its infrastructure, create stable and transparent regulations, and invest in skills and education. Strong environmental and social standards will also be key to attracting responsible investors and maintaining public trust.

In the coming years, Mongolia will have a clear choice. It can remain mainly a supplier of raw materials, or it can build a more advanced and diversified mining industry. With the world's demand for critical minerals only set to rise, the country has a real chance to become a key player in the global energy transition if it gets the strategy right.

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Brigadier General of the British Army Clare O'Grady Visits Mongolia www.open.kg

Brigadier General Clare O'Grady, Deputy Commander of the 2nd Air Group of the United Kingdom, is visiting Mongolia, where she is meeting with local military leaders.

This week, Clare O’Grady met with Major General Baatar Balzhid, Deputy Chief of the General Staff of Mongolia. They discussed issues of cooperation between the United Kingdom and Mongolia in the field of defense, as well as gender equality and the role of women in security and peace.

With 27 years of military service, Clare O'Grady holds the position of Squadron Commander and previously commanded a Royal Air Force base in Brize Norton, ensuring air mobility operations.

Her experience includes participation in operations in Kosovo, the Middle East, Iraq, and Afghanistan, as well as advising foreign armies on personnel processes.

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Mongolia Welcomes 65,000 Tourists in April 2026 www.montsame.mn

The flow of foreign tourists visiting Mongolia is steadily increasing, and the growth of the tourism sector continues intensively.

According to statistical data, a total of 208,028 foreign tourists visited our country in the first four months of 2026. This represents an increase of 35%, or 54,260 tourists, compared to the same period last year.

Of these, 64,597 tourists arrived in April 2026 alone, which is a 26% increase compared to April 2025.

With the onset of the peak tourism season, the Ministry of Culture, Sport, Tourism, and Youth, along with its affiliated organizations, plans to focus consistently on improving service quality standards, strengthening international promotion, and developing regional tourism infrastructure.

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The HU to Kick Off Its Upcoming U.S. Tour www.montsame.mn

Mongolia’s Cultural Envoy, The HU, will kick off its upcoming U.S. tour on May 12.

As part of the tour, the band will first perform for Mongolian communities in the Washington, D.C. area, showcasing a unique blend of traditional Mongolian heritage and modern rock music.

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Government aims to align Oyu Tolgoi interest rates with international standards www.gogo.mn

Minister of Industry and Mineral Resources G.Damdinnyam recently presented Cabinet decisions concerning the Oyu Tolgoi (OT) agreement, outlining the progress of two working groups established by the Prime Minister.

While the Ministry of Finance manages issues surrounding investment interest rates, Minister G.Damdinnyam is spearheading negotiations to reduce management fees and enhance project governance. He described the current dialogue as highly intensive, involving frequent communication and yielding concrete results.

A significant milestone in these discussions was the resolution of a seven-year deadlock regarding the project's loan agreement. The Minister affirmed that negotiations will continue until all government objectives are met, with a primary focus on ensuring that both interest rates and management fees are adjusted to meet international standards.

Furthermore, a new working group has been established to negotiate terms for the Entrée joint venture area. The government aims to conclude a new investment agreement that prioritizes Mongolia’s interests by shifting the fiscal framework. 

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"The Path of Mongolia's Development: 1990-Present" conference held www.gogo.mn

A research conference titled "The Path of Mongolia's Development: 1990-Present" was held on May 6, examining the nation's fundamental transformation over the last three and a half decades.

The discussion highlights the 1990 reforms, triggered by the collapse of the socialist system in the USSR and Eastern Europe, which led to a complete renewal of Mongolia’s social order. This era saw the adoption of a new democratic Constitution, the establishment of a multi-party system, and a transition toward a property-based market economy with a focus on people-centered social policies.

While this transition is often hailed internationally as a success story, scholars at the event noted that Mongolia’s social system has not yet fully matured. Researchers pointed to a growing tendency toward instability and deviations from the nation's original development goals. This has created an urgent need for a scientific analysis of the specific mistakes and achievements across various sectors.

The conference, organized by the Policy Research Department of the Institute of Philosophy at the Academy of Sciences, aims to synthesize these findings into a strategic roadmap. 

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Mongolia Becomes Largest Importer Of Russian Chicken Eggs www.russiaspivottoasia.com

Mongolia imported over US$1.9 million worth of chicken eggs from Russia in Q1 this year, becoming the largest foreign buyer in this reporting period, according to the Russian Agriculture Ministry’s Agroexport Center.

In total, Russia exported over 4,600 tonnes of eggs worth US$6 million from January to March, with shipments rising 10% year-on-year in volume and 21% year-on-year in value. The United Arab Emirates, with over US$1.7 million, Kazakhstan, with around US$1 million, Abkhazia, with around US$700,000, and Kyrgyzstan, with over US$300,000 were also among the top five largest importers of Russian eggs. Russia exported nearly US$27 million worth of chicken eggs in 2025.

The Federal State Statistics Service (Rosstat) said that domestic egg production rose 6% to 41 billion eggs in 2025.

Mongolia has a Free Trade Agreement with Russia via the Eurasian Economic Union, with Russia now providing much-needed competition to Chinese exporters to the Mongolian domestic market. 

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Amb. Ina Marciulionyte on the Future of EU-Mongolia Ties www.thediplomat.com

In the last several years, Mongolia’s relationship with the European Union – as opposed to purely bilateral diplomacy – has become more important to Ulaanbaatar’s engagement with Europe. The EU is stepping up its game in the Indo-Pacific as well, signing a historic free trade deal with India that is poised to alter economic flows in the region. 

The Diplomat spoke with Ambassador/Head of Delegation of the European Union to Mongolia Ina Marciulionyte on Mongolia-EU relations, collaboration projects, and what’s next the relations in a quickly changing geopolitical environment. 

Mongolia and the EU celebrated their 35th anniversary in 2024. How would you assess the past bilateral relations? What were the past shortcomings and how can relations be augmented?

Over the years, the EU and Mongolia have built a strong relation of confidence and have demonstrated solidarity on several occasions. For instance, the EU has actively supported Mongolia during the COVID-19 crisis, as well as provided emergency funding in response to the 2024 dzud and drought that affected hundreds of thousands of herders. We had done so already in 2017.

In 2017, the EU opened a diplomatic mission in Ulaanbaatar, which allowed me to meet with government ministers, Members of Parliament, local governors, and business representatives. I had also regularly met with Mongolian citizens, youth in particular, who are a large part of the Mongolia’s population. 

In addition, Mongolia also shares democracy and the acknowledgement that fundamental freedoms must be protected. These values are shared and align with the EU. 

Since 2024 – which marked 35 years of diplomatic relations – we have started exchanges on peace and security, a priority for Mongolia as for the EU. With the support of the EU Foreign Policy Instruments facility, a group of Mongolian peacekeepers was trained in Slovenia on the gender dimension of peacekeeping operations. And the EU wishes to engage more closely in the Ulaanbaatar Dialogue on Peace and Security in Northeast Asia. 

Last but not least, the Mongolia-EU cooperation projects support Mongolia in achieving Sustainable Development Goals and gaining economic and political independence in relation with its geography.

What are some of the current EU projects being implemented in Mongolia, particularly in the energy sector and renewable energy?

Our works prioritize sustainable development, economic development, and democracy in Mongolia. As part of our project, the EU currently has a significant project to implement the Forest Partnership signed by President of Mongolia Khurelsukh Ukhnaa and the president of the European Commission in 2022. The partnership aims at improving the sustainable management of forests in Mongolia and at modernizing  agriculture, especially cashmere and the meat value chain. I believe that it is urgent to reduce grazing pressure on Mongolian steppes that are in great danger of disappearing, leaving a desertified landscape instead. 

Mongolia is also hosting the COP17 of the UNCCD this coming August and is expected to showcase Mongolia’s efforts in managing rangelands and nomadic herding. 

The EU also supports Mongolia’s shift of energy production from brown to green by financing a transmission line between Sainshand and Choir in the Gobi area, together with connecting solar and wind farms to the rest of the grid. We are looking at further investments in the sector in the short term, with possibilities for generation, transmission, storage but also energy savings with better insulation. That being said, the EU works closely with EBRD and the European Investment Bank to support Mongolia’s effort in this matter.

The EU and India recently signed a free trade agreement, which has been dubbed the “mother of all deals.” What does this entail for countries like Mongolia, in terms of establishing new trade patterns and being flexible in times of uncertainties? 

The message EU and India gave with the strategic agreements they signed, including the Joint Strategic Agenda and the Security and Defense Partnership, is that they both aim at stability and predictability within the international rules-based order with the U.N. at its center. The free trade agreement gives a strong message on the importance of diversifying our supply chains. I hope it will be an inspiration for Mongolia as regards the importance of strengthening the U.N. in these difficult times. In addition, on trade, [the FTA holds lessons for] creating new opportunities for Mongolian exports without endangering local companies and fostering energy independence through investment in renewable energy. 

The zero-duty EU export scheme, called GSP+, which applies to Mongolia is not yet used to its maximum possibilities. The conclusion of an EU-Mongolia agreement on Geographical Indications would enable Mongolia to sell its cashmere at a higher price in the EU and find markets for high-quality products such as leather, honey, and other agricultural or artisanal goods. And it is really a time for Mongolia not only to speak about renewable energy but to effectively launch more projects: the potential in this immense country is bright and the energy independence is within reach. Time has come to raise the game.

Mongolia has been implementing what is known as “third neighbor” foreign policy. In your view, how can Ulaanbaatar’s multilateralism be bolstered with newer mechanisms? Considering Mongolia’s interest in establishing robust economic links with its third neighbors, what is the likelihood of new mechanisms, such as one linking the EU, India, and Mongolia? 

Mongolia does not need new mechanisms nor to reinvent the wheel: it needs investments from more countries. In my view, the main obstacles that prevent more foreign investments are the small size of Mongolia’s population, the geographical location that makes trade complicated including because of logistics, legal uncertainties on investment rules, and weaknesses of the judiciary. 

On the latter issue, the EU implements a number of projects in Mongolia. In October 2025, we have organized the first ever EU-Mongolia Business and Investment Forum that has attracted over 700 participants from Europe and Mongolia, including 70 European companies, most travelling from Europe and many for the first time. Mongolia’s Prime Minister Zandanshatar Gombojav (Editor’s note: Zandanshatar resigned in May 2026) opened the forum, and several ministers as well as Members of Parliament attended as panelists. One of the major success of the forum was that the European Investment Bank and Mongolia signed an agreement that opens the door to 1 billion euros in European investment. 

The EU has a strong, integrated mechanism for combating misinformation, disinformation, and cyber crimes. How is the EU assisting Mongolia to thwart such challenges, especially in an era of digitalism? 

Disinformation is not something new, but indeed new technologies have helped it to spread and artificial intelligence widens the foreign information manipulation and interference (FIMI) toolkit. In a country like Mongolia where social media play a major role, it has become a source of concern as it may weaken democracy though election interference or biased protests coverage, and facilitate violation of fundamental rights such as the rights to personal integrity and privacy. 

Mongolia will have important elections in 2027 and 2028, and indeed one can worry about foreign interference. The EU has built up capabilities to identify, analyze and respond to FIMI since 2015 to address Russian disinformation campaigns in the context of Russia’s aggression against Ukraine. For instance, the EU vs Disinfo website includes the world’s largest public archive of pro-Kremlin disinformation. 

The EU and EU member states had some projects in Mongolia already. The EU would be happy to support Mongolia in building further its counter-FIMI agenda.

You have an extensive experience working with diverse cultures. What is one thing that stands out to you about Mongolia’s culture? 

I am impressed by how authentically welcoming Mongolian people are with foreigners. I noticed that in particular during my visits in the provinces: each time, I meet with fantastic people, who are eager to show what they do and to understand what the EU does in Mongolia. 

I am also deeply touched by Mongolia’s rich cultural heritage and the attachment to the traditions of Mongolians, something that communism has tried to erase. Fortunately, traditions such as Tsagaan Sar and Naadam continue to play a central role in society, even for younger generations. But a lot of work is needed to revive this heritage and to ensure continuity. I believe that Mongolia’s third neighbors should do more cultural diplomacy.

Guest Author
Bolor Lkhaajav
Bolor Lkhaajav is a researcher specializing in Mongolia, China, Russia, Japan, East Asia, and the Americas. She holds an M.A. in Asia-Pacific Studies from the University of San Francisco.

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Policy Support to Be Provided for Localization of Japanese Investment Companies in Mongolia www.montsame.mn

Seddorj Renchinbyamba, Chair of the Standing Committee on Economics of the State Great Khural (Parliament) of Mongolia, received a delegation led by Hideyuki Nakano, Parliamentary Vice-Minister for Internal Affairs and Communications of Japan, who is on an official visit to Mongolia.

During the meeting, the parties highlighted that Mongolia and Japan established diplomatic relations 54 years ago, which have since expanded and developed into a Strategic and Comprehensive Partnership. As an example of this cooperation, they noted that the National Statistics Office of Mongolia and the Statistics Bureau of Japan signed a Memorandum of Understanding in 2017, and cooperation continued uninterrupted even during the pandemic period.

The visiting side expressed interest in learning from the good practices of Mongolia’s National Statistics Office, which is recognized across the Asia-Pacific region and collects data from multiple sources, including mobile phone and satellite data. They also raised issues related to the arrival of Japanese trainers who are expected to work in Mongolia in June.

Chairman Seddorj conveyed greetings from Speaker of the State Great Khural Byambatsogt Sandag, who has been elected to parliament for a fifth term, and expressed gratitude for Japan’s continued support through the dispatch of experts to assist Mongolia’s statistical sector. He emphasized the effectiveness of holding regular bilateral meetings and noted that the Standing Committee places particular focus on enhancing the benefits of the Mongolia–Japan Economic Partnership Agreement and providing policy support to facilitate the localization of Japanese investment companies in Mongolia.

The sides exchanged views on the implementation and outcomes of memoranda of understanding and intergovernmental agreements concluded between the two countries.

The meeting was attended by Batdavaa B., Chairperson of the National Statistics Office of Mongolia, and Masaru Igawahara, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, along with representatives of the Embassy of Japan, according to the Press and Public Relations Department of the State Great Khural.

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