1 MONGOLIA’S MEGA-AIRPORT UPGRADE: TURNING ULAANBAATAR INTO A SILK ROAD SKY HUB WWW.TRAVELRADAR.AERO PUBLISHED:2025/11/28      2 EBRD ANNOUNCES SETTLEMENT WITH MONGOLIAN COMPANIES MAX IMPEX AND KHAN ALTAI WWW.EBRD.COM PUBLISHED:2025/11/28      3 ULAANBAATAR TARGETS 50 PERCENT WASTE RECYCLING BY 2040 WWW.MONTSAME.MN PUBLISHED:2025/11/28      4 MAYOR NYAMBAATAR: ‘CONSTRUCTION OF TUUL HIGHWAY TO BEGIN IN MARCH 2026’ WWW.MONTSAME.MN PUBLISHED:2025/11/28      5 MONGOLIA-JAPAN PUBLIC-PRIVATE SECTORS HOLD XII CONSULTATIVE MEETING WWW.MONTSAME.MN PUBLISHED:2025/11/28      6 ULAANBAATAR METRO CONSTRUCTION TO COMMENCE IN 2026 WWW.MONTSAME.MN PUBLISHED:2025/11/28      7 PRIME MINISTER APPOINTS NEW FIRST DEPUTY PRIME MINISTER AND MINISTER OF FOOD, AGRICULTURE AND LIGHT INDUSTRY WWW.MONTSAME.MN PUBLISHED:2025/11/28      8 RIO TINTO TO SELL US BORON ASSETS WWW.MINING.COM PUBLISHED:2025/11/27      9 MONGOLIA MAY JOIN CIS RAILWAY TRANSPORT COUNCIL WWW.REPORT.AZ PUBLISHED:2025/11/27      10 MONGOLIAN SOLAR PLANT: UNIQUE 2024 PROJECT UNVEILED WWW.PVKNOWHOW.COM PUBLISHED:2025/11/27      УЛААНБААТАРТ ИРЭХ ОНД ӨРНӨХ БҮТЭЭН БАЙГУУЛАЛТУУД WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     П.НАРАНБАЯР САЙД ХҮҮХДИЙН ЭРХИЙГ ХОХИРООЖ БАЙНА ГЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     2040 ОН ГЭХЭД ДУГУЙН ЗАМЫН НИЙТ УРТЫГ 1677 КМ УРТ БОЛГОХООР ТӨЛӨВЛӨЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     “УБТЗ” ХНН 21 ТӨРЛИЙН АЧААГ 24 ЦАГИЙН ТУРШ ЗОГСОЛТГҮЙ ТЭЭВЭРЛЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/28     УЛААНБААТАР МЕТРО ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ 2026 ОНД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/27     2030 ОНД ЯНЖУУР ТАМХИНЫ ДУНДАЖ ҮНЭ 15 МЯНГАН ТӨГРӨГ БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/27     ХАГАС КОКСОН ТҮЛШИЙГ ХУВИЙН ХЭВШЛИЙН ДӨРВӨН КОМПАНИ ТЭЭВЭРЛЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/27     МОНГОЛ, ЯПОНЫ ТӨР, ХУВИЙН ХЭВШЛИЙН XII ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/27     ДОПИНГИЙН ШИНЖИЛГЭЭНИЙ ДҮН ГАРСНЫ ДАРАА УЛСЫН ЦОЛ ОЛГОХ ТӨСӨЛ САНААЧИЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/27     ЕРӨНХИЙ САЙДЫН ОРОСТ НАЙР ТАВЬСАН САНАЛ НЬ МОНГОЛЫГ БАРУУНЫ ДАВХАР ХОРИГ, FATF-ЫН СААРАЛ ЖАГСААЛТАД ОРУУЛАХ ЭРСДЭЛТЭЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/27    

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

NEWS

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Mongolian Mining Corporation Announces 2025 Interim Results www.stocktitan.net

Mongolian Mining Corporation (“MMC” or the “Company”, or together with its subsidiaries, the “Group”; HKEx: 975; OTCQX: MOGLF), the largest producer and exporter of washed hard coking coal (“HCC”) in Mongolia, today announced its interim results for the six months ended 30 June 2025 (“1H2025” or the “period under review”).
During 1H2025, the Group generated a total revenue of approximately USD346.6 million (1H24: USD541.1 million), representing approximately 35.9% year-on-year decrease. The Group sold approximately 4.2 million tonnes (“Mt”) of washed coal products, comprising 3.3 Mt of primary products and 0.9 Mt of secondary products. As such, sales volume remained at similar levels compared to the first half of 2024, however, the revenue declined as average selling prices (“ASP”) softened due to weaker market sentiment during the period under review.
The Group’s gross profit for the period under review was approximately USD62.9 million. The Group recorded a net loss attributable to equity shareholders of approximately USD23.3 million for the six months ended 30 June 2025, compared to a net profit of USD133.0 million for the corresponding period in 2024. Such decline was primarily attributable to lower ASP, as well as an one-off loss of USD25.0 million related to debt refinancing.
The Group successfully advanced construction works to develop Bayan Khundii (“BKH”) gold mine located in Bayankhongor aimag (province), Mongolia. During the quarter ended 30 June 2025, commissioning of the BKH gold mine processing plant and site support facilities (including power, heat and water supply infrastructure, laboratory, warehouse, chemicals and blasting materials storages, office and accommodation camp) were conducted by relevant authorities. Initial overburden removal operations commenced at the end of the second quarter, with commercial gold production expected to begin within the third quarter of 2025.
Dr. Battsengel Gotov, Chief Executive Officer of MMC, said, “We remain fully committed to the corporate strategies adopted by the Board that secure our position as the largest internationally listed private mining company in Mongolia. While coal market conditions were weaker during first half of this year, we observe improved sentiment starting from the third quarter of this year. Moreover, the forthcoming imminent commencement of gold production at the BKH mine shall support our belief of positive outlook for the remainder of the year and beyond. The Group remains focused on maintaining a prudent financial policy and a strong balance sheet, while continuing to implement activities to diversify its business portfolio and revenue sources by identifying potential investment targets in Mongolia.”
About Mongolian Mining Corporation (HKEx: 975; OTCQX: MOGLF)
MMC is the largest producer and exporter of washed hard coking coal in Mongolia. It owns and operates two open-pit coking coal mines, namely, the Ukhaa Khudag mine located within the Tavan Tolgoi coal formation, as well as the Baruun Naran mine, both located in Umnugobi aimag (province), Mongolia.
MMC is developing the Bayan Khundii gold mine, located in Bayankhongor aimag (province), Mongolia. The gold production of Bayan Khundii mine is expected to commence in 2025.
MMC was listed on The Stock Exchange of Hong Kong Limited in October 2010. To learn more about the Group, please visit MMCˇs website at: www.mmc.mn.

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Kyrgyz enterprises seek to import meat from Mongolia www.qazinform.com

Enterprises of the Kyrgyz Republic have expressed interest in importing all types of livestock meat from Mongolia and developing long-term cooperation, MONTSAME reports. 
At the same time, Kyrgyz producers expressed their capacity to export fruits, berries, and vegetables to Mongolia during a meeting between the Director of the Ministry of Food, Agriculture, and Light Industry Policy and Planning Department, Ts. Bolorchuluun, representatives of the Mongolian Meat Association and enterprises, and representatives of Kyrgyz enterprises.
The sides exchanged views on ensuring mutually beneficial and stable trade flows and discussed opportunities and directions for future cooperation.
To note, the beef cattle population grows by 23% in Kazakhstan, meat exports double.

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Navoi Airport Receives First MIAT Cargo Flight Carrying Purebred Sheep from Mongolia www.uzdaily.uz

 Navoi Airport has welcomed the first cargo flight operated by MIAT Mongolian Airlines Cargo.
On 27 August, as part of bilateral cooperation between Uzbekistan and Mongolia, the aircraft delivered 26.8 tons of purebred sheep.
By the end of 2025, MIAT Cargo plans to operate 106 flights, transporting live animals from Mongolia to Uzbekistan and agricultural products on the return route.
Previously, flights on the Ulaanbaatar–Navoi route were operated by KAP KG Airlines, which will continue to provide services.
MIAT Cargo is the freight division of the Mongolian state airline MIAT Mongolian Airlines, specializing in cargo transportation.

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Thermal, Water Plant Deal Signed with Chinese Partnership www.montsame.mn

As part of the 24 mega projects for urban development, the Emeelt Eco-Industrial Park will be constructed on a 539-hectare site in the Shar Khuviin Khooloi area of Khan-Uul district, approximately 30 kilometers from the city center.
In line with the project’s objectives, an open tender was announced for the construction of a 24-megawatt (MW) thermal power plant and wastewater treatment facility under EPC+F (Engineering, Procurement, and Construction plus Financing) conditions. The selected contractor is a partnership between Hua Zi Technology LLC and Hua Shi Energy Industry LLC from the People’s Republic of China. Both are publicly listed companies, and a comprehensive work contract was signed today. The partnership brings 30 years of experience and has participated in infrastructure projects across over 70 countries.
Myagmar Byambasuren, Executive Director of Emeelt Eco-Industrial Park JSC, stated that 15 projects, which have been under discussion since 2009, are now close to becoming a reality.  A working group, established by decree of the Governor of the Capital, successfully concluded the contract negotiations. The two core infrastructure facilities of the Emeelt Eco-Industrial Park include a 24-MW thermal power plant, designed to generate 156 million kilowatt-hours (kWh) of electricity and 265,600 gigacalories (Gcal) of thermal energy annually, and a domestic and industrial wastewater treatment plant with a daily capacity of 6,700 cubic meters. A Chinese partnership has been selected as the contractor for the EPC+F tender to undertake the full scope of design, procurement, and construction work.
Construction is scheduled to begin in the first quarter of 2026 and is expected to be completed by 2027.
The Emeelt Eco-Industrial Park will have the capacity to process 7.5 million hides, 3,000 tons of wool, 5,800 tons of cashmere, 25,000 tons of meat, and 8,000 tons of by-products annually. Operations will be carried out in an environmentally friendly manner that meets international standards, enabling the production of finished goods and the processing of 43.5 percent of the country’s raw materials independently.
The project is expected to create approximately 5,600 jobs, achieve investment recovery within 6.7 years, and generate MNT 1.72 trillion in revenue and MNT 86.3 billion in tax contributions.

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State to Conduct National Census of Mineral Licenses, Ownership, and Locations www.montsame.mn

During its regular session on August 27, 2025, the Government decided to conduct a unified national census and monitoring of the issuance, ownership, and locations of mineral exploitation licenses.
A Working Group was established by Prime Minister Zandanshatar Gombojav’s decree to review the payment status of resource usage fees by holders of mineral exploitation licenses, issue conclusions, and develop proposals for further actions. The Working Group will be chaired by Minister of Industry and Mineral Resources Damdinyam Gongor. As of today, a total of 2,741 licenses issued by the state administrative body responsible for geology and mining are valid in Mongolia, including 1,768 exploitation licenses and 973 exploration licenses.
To ensure the efficient use of mineral exploitation licenses and strengthen resource management through sound state policy, a need has arisen to conduct oversight and evaluation of license issuance, as well as to organize a unified national registry of license ownership and locations.

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Gazprom, Mongolia Sign Energy MoU, Paving Path for Power of Siberia-2 www.oilprice.com

Gazprom and the Government of Mongolia have signed a memorandum of cooperation to deepen partnership in the oil and gas sector, the Russian energy major said Tuesday. The agreement was concluded in Ulaanbaatar during a visit by Gazprom CEO Alexey Miller, who met with President Ukhnaagiin Khurelsukh, Prime Minister Gombojavyn Zandanshatar, and Deputy Prime Minister Sainbuyangiin Amarsaykhan. Signed by Miller and Amarsaykhan in the presence of President Khurelsukh, the memorandum outlines plans to advance joint projects and long-term cooperation, with a particular focus on natural gas.
Talks centered on opportunities for collaboration tied to Mongolia’s growing role as a regional energy transit corridor—most notably the proposed “Power of Siberia-2” route from Russia to China via Mongolian territory. The Mongolian section, known as Soyuz Vostok, is nearing completion of its environmental assessment, according to earlier statements. The overall project is designed to deliver up to 50 billion cubic meters (bcm) of gas per year from Western Siberia to China. Its implementation timeline remains contingent on a supply contract between Gazprom and China’s CNPC, negotiations for which are still underway.
Beyond transit, the memorandum aligns with Mongolia’s potential domestic gasification plans. Research from the Melentyev Institute of Energy Systems (RAS, Siberian Branch) estimates Mongolia’s own natural gas consumption could reach about 5.6 bcm annually by 2040, underscoring the country’s interest in developing infrastructure and securing reliable supply. Overall, the new framework signals a tightening energy relationship between Moscow and Ulaanbaatar while positioning Mongolia at the center of a prospective Russia–China gas corridor.

 

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Mongolia, US Discuss Cooperation in Investment, Mining, Tourism, Space Exploration www.montsame.mn

Deputy Chairwoman and Member of the State Great Khural (Parliament) of Mongolia, Bulgantuya Khurelbaatar, received a delegation of members of the House of Representatives from the United States of America, including Ed Case, Ami Bera, Dr. Neal P. Dunn, Sara Jacobs, and Jonathan L. Jackson.
At the beginning of the meeting, Deputy Chairwoman Bulgantuya expressed her pleasure in meeting the U.S. Congress members, emphasizing the United States of America as an important “third neighbor” of Mongolia that holds a special position as a strategic partner. The Deputy Chairman of Mongolia also highlighted that, although the two countries are geographically distant, the United States has consistently supported Mongolia’s democracy and market economy. In addition, Deputy Chairwoman noted that recent high-level visits and multilateral mechanisms have strengthened political relations and deepened cooperation at the regional and international levels.
The Deputy Chairwoman mentioned that in May of this year, United Airlines launched flights on the Tokyo-Ulaanbaatar route and underlined that the joint implementation of the “Travel Responsibly” campaign brought tangible progress. Deputy Chairwoman Bulgantuya further expressed Mongolia’s desire to cooperate in sectors such as energy, strategically important mineral resources, tourism, and space exploration.
U.S. Congressman Ed Case stated that, within the framework of bilateral cooperation, a research group could be established to explore investment opportunities in Mongolia. Congressman Ed Case also commended the higher proportion of women members in the Mongolian Parliament compared to the U.S. House of Representatives and expressed readiness to work together to strengthen parliamentary democracy.
Members of the State Great Khural Erdenebold Sukhbaatar, Saranchuluun Otgon, Anar Chinbaatar, and Undraa Agvaanluvsan attended the meeting. Mongolia and the United States of America established diplomatic relations on January 27, 1987.

 

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Mongolia to Increase Coal Supply to China www.montsame.mn

First Deputy Prime Minister and Minister of Economy and Development of Mongolia, Uchral Nyam-Osor, participated in “The Fifth China-Mongolia Expo” held in Hohhot, the capital of Inner Mongolia Autonomous Region, the People’s Republic of China.  
During the event, First Deputy Prime Minister, Uchral Nyam-Osor, met with Cai Dafeng, Vice Chairman of the Standing Committee of the National People’s Congress of China, to reaffirm the growing friendship between the two countries, exchanging views on expanding economic cooperation.
As the Head of the government-established working group on increasing exports, First Deputy PM Uchral Nyam-Osor highlighted the launch of policy reforms aimed at creating a favorable legal environment to enhance trade and proposed specific areas for bilateral cooperation. In particular, attention should be given to incorporating the development of cross-border connectivity, specifically the Shiveekhuren-Sekhee, Bichigt-Zuunkhatavch, and Khangi-Mandal ports via rail, into China’s 15th Five-Year Plan.  Consideration should also be given to advancing the development of the Zamyn-Uud and Ereen Cooperation Zone, enhancing collaboration in the production of export-oriented renewable energy, supporting private sector initiatives, promoting the export of Mongolian goods, and ensuring the timely issuance of quarantine permits during transit.
Cai Dafeng, Vice Chairman of the Standing Committee of the National People’s Congress of China, highlighted the importance of aligning China’s 15th Five-Year Plan with Mongolia’s long-term development strategies to deepen bilateral cooperation. Vice Chairman Cai Dafeng expressed China’s commitment to strengthening strategic and trade ties, increasing coal imports from Mongolia, ensuring a stable investment environment, and leading cross-border railway development under the framework of regional cooperation, particularly through the Inner Mongolia Autonomous Region, which serves as a primary access point between the two countries.
The meeting focused on strengthening economic relations and enhancing bilateral cooperation in line with open-market principles, with an emphasis on increasing trade turnover.

 

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PM Reaffirms Transparency in Budget Approval www.montsame.mn

Prime Minister of Mongolia, Zandanshatar Gombojav, addressed youth at Ulaanbaatar Park, delivering a speech titled “New Confidence-Innovation” in which the Premier emphasized tax reform and Mongolia’s digital transition.
Earlier, a total of 190,000 citizens participated in the public vote on Mongolia’s 2026 draft budget, with 50 percent of respondents aged between 18 and 35. The Prime Minister highlighted that young people also demonstrated strong engagement in the VAT survey conducted through the “DParliament” electronic system.
In response to questions from young citizens, PM stated that the proposed tax package includes improvements to the progressive tax system on salary income, the integration of operating income into the same framework, and the introduction of tiered VAT discounts based on purchase amounts. The Premier further emphasized that the Government will support wealth creators, producers, and employers by gradually increasing VAT refunds and reforming the current system, ensuring that those who pay taxes are rewarded, rather than disadvantaged.
The tax service will also offer advisory support and implement risk prevention measures. It will introduce tax relief aimed at protecting the income of citizens and households, promoting employment, and easing the tax burden on low and middle-income individuals and enterprises. Additionally, it will foster an environment that enables businesses to operate sustainably, generate savings, and scale up operations.
Youth have voiced strong criticism of excessive government spending, the misuse of budget funds on unnecessary projects and programs, and inefficient resource allocation. Many conveyed that they are not opposed to paying taxes, but are frustrated by the lack of transparency regarding how their contributions are being utilized.
PM announced that a public opinion survey and open discussion will be conducted when the budget draft, developed with input from citizens, is presented to Parliament. The budget approval and allocation process will now be open and transparent. Emphasizing a shift from bureaucratic control to public oversight, the Government is developing a digital system that will clearly display how and where taxpayers’ money is spent, broken down by aimag, city, soum, district, bag, and khoroo. The program is set to launch soon, with a call for young people to participate by casting their vote.
Young people urged the Prime Minister to support reforms in the information technology sector, promote start-ups, and establish a tax-free zone and business-friendly environment. The Premier expressed his appreciation for the opportunity to engage with youth ahead of the state budget discussions and the opening of the parliamentary session. He emphasized that the feedback received during the dialogue is a valuable contribution to shaping effective tax reforms.  
Prime Minister Zandanshatar noted that an intelligent, energetic, and open-minded generation of youth will be the driving force behind a new Mongolia, highlighting that the time has come for the country to transition from a coal-based economy to a knowledge-driven economy, reported the Media and Public Relations Department of the Government of Mongolia.

 

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BUDGET 2026: Social insurance and welfare pensions to rise by 6% next year www.gogo.mn

The Government has submitted the 2026 Budget Bill and is holding a public consultation to gather citizens’ comments on next year’s budget.
According to the draft bill, the Government projects balanced revenues of MNT 31.6 trillion, equivalent to 30.9% of GDP, and total expenditures of MNT 33.0 tugriks, or 32.2% of GDP, resulting in a basic budget balance of MNT 2.0 trillion (2.0% of GDP) in 2026.
As part of its policy to improve the accessibility of social protection programs, the Government plans to increase social insurance and social welfare pensions by 6 percent next year. The budget earmarks MNT 378.4 billion for this purpose.
The bill also reflects the rising costs linked to the growing number of pension and allowance recipients under the social insurance and welfare systems. This includes more children allowance, as well as increases in temporary disability, unemployment, and funeral benefits.
The legal framework requiring wages, pensions, and allowances to be adjusted in line with inflation was introduced in the 2025 fiscal year. Under this policy, pensions and benefits were also increased by 6% last year.

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