1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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

NEWS

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China-funded thermal power plant expansion completed in Mongolia www.xinhuanet.com

Sept. 4 (Xinhua) -- The completion and commissioning ceremony of the China-funded expansion of a thermal power plant was held Friday in Erdenet, capital of Mongolia's northern province of Orkhon.
The project was executed by China's Hunan Industrial Equipment Installation Company, which has previously conducted the expansion of Thermal Power Plant No. 3 in Ulan Bator.
"The completion of the project is of great significance to the development of Mongolia's energy sector," Mongolian Energy Minister Nansal Tavinbekh said at the ceremony.
Tavinbekh noted that during the COVID-19 pandemic the project executor overcame difficulties such as personnel exchanges and limited transportation of materials, and successfully completed the expansion with high quality.
Chinese Ambassador to Mongolia Chai Wenrui sent a letter to praise the successful completion of the project.
Chai expressed his hope that the completion of the project will cater to the industrial development and residents' needs in Erdenet and its surrounding areas, promote urban energy conservation and environmental improvement, and help regional economic development.
The ambassador also said that China will actively support Mongolia's economic and social development, promote the alignment of the Belt and Road Initiative and the Steppe Road Program, and promote the construction of the China-Mongolia-Russia Economic Corridor to achieve more substantial results. Enditem
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While the rest of the world wasn't looking, Mongolia managed to achieve something kind of amazing www.upworthy.com

The Overseas Development Institute has released a new report on Mongolia that's pretty incredible.
Even though up to 40% of Mongolia's population is nomadic, the country has found a way to achieve something wealthier nations can only envy: 98% of its girls and 93% of its boys are now getting a secondary education.
Mongolians value the education of their kids above almost everything else, and now their government — flush with money from a mining boom and improved taxation — has taken up the challenge of paying for it. With a completely overhauled modern education policy that's more responsive to families' needs, and with the support of external financing partners, they're actually getting it done.
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COVID-19: 3,628 new cases, five deaths reported www.montsame.mn

On September 5, 3,628 new cases have been detected after conducting tests nationwide within the past 24 hours, reported the Ministry of Health.
More specifically, 897 new cases were detected in the capital city, with 2,729 cases in rural regions. Furthermore, two new imported cases have been confirmed.
As of today, the total number of confirmed COVID-19 cases in Mongolia now stands at 232,313. 3,300 patients have made recoveries in the past 24 hours.
Furthermore, five new COVID-19 related deaths have been reported, raising the country’s death toll to 962. Currently, 19,589 people are receiving hospital treatment for COVID-19 whilst 29,924 people with mild symptoms of COVID-19 are being isolated at home.
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U.Khurelsukh: An issue of mastering mother tongue must be on the focus at all levels www.montsame.mn

President of Mongolia U.Khurelsukh received representatives led by Head of the National Council on Language Policy S. Dulam.
During the meeting, the President was given a brief introduction on the works done in connection with the studies on languages and dialects of ethnic groups, terminology, field researches, Mongolian language grammar dictionary, the protection of stone inscriptions, coding of international standards for Mongolian script as well as the works being carried out within the framework of National Program for Mongolian language.
President U.Khurelsukh underscored an importance of paying great attention to the teaching of Mongolian language for children and of giving support to the Mongolian language training of foreign students, Mongolists and foreign diplomats who want to learn the Mongolian language.
At the meeting, the President has instructed the National Council on Language Policy to focus on improving the knowledge and skills of traditional script of the public servants through the implementation of the Program, which is currently being carried out in the Ministry of Culture, in other ministries, development of e-conversion and error-checking applications and introduction of the Unicode of Mongolian script phonetic model. The President added that it is possible to issue an appeal for all to learn the national script and provide related guidance to all levels of organizations through the corresponding authorities.
President also said that it would be effective to issue a decree on the restoration and protection of Mongolia's forgotten and changed geographical names, and to create a national database. He, furthermore, noted that there is a solution to provide a certain amount of tax discount to companies and organizations which use their name and address in both of Cyrillic and traditional Mongolian scripts.
President emphasized that it needs to legalize bilingual education, open a faculty of primary school teacher training class for Mongolian-Kazakh and Mongolian-Tuvan languages at the Mongolian State University of Education, pay attention to the native language education of Mongolian children living abroad, resolve required funding on creating a dictionary of Mongolian language as well as a dictionary of Mongolian language culture.
The National Council on Language Policy under the President has completed developing the State Policy on Language, which consists of nine articles and 74 objectives.
Present at the meeting were Chief of Staff of the Office of the President Ya.Sodbaatar, Culture and religious policy advisor to the President D.Bum-Ochir, Education, science and technological policy advisor Ch.Lodoiravsal, Minister of Education and Science L.Enkh-Amgalan, Minister of Culture Ch.Nomin, State Secretary S.Oyunbileg
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Centerra says 40 metres of water at Kumtor pit a threat to workers, environment www.mining.com

Canada’s Centerra Gold (TSX: CG) said on Tuesday there are at least 40 meters of water at the bottom of its seized Kumtor gold mine in Kyrgyzstan and “abnormally” large amounts running down the pit walls, which it said could lead to catastrophic events.
The Toronto-based miner said that in the three months the former soviet nation has been running the mine, the pit has flooded with more water than they ever saw collect in the over 25 years of the operation under its control.
While the government-controlled Kumtor Gold Company (KGC) said the mine is stable and running at full speed, Centerra said it has photographic evidence suggesting the contrary. They include a video posted on August 15 on KGC’s Facebook page.
“Based on these images, Centerra believes at least 40 meters of water may be at the bottom of the Kumtor central pit (…) This has put the entire mine and its workers at risk of potentially catastrophic events, not to mention the real harm to the environment.,” the company said in an emailed statement.
The miner believes urgent action is needed to address critical safety and operational issues.
“This is massive and the entire situation presents an imminent danger at many levels, not just the water in the pit, but also the tailings storage facility due to glacier melt”, Lindsay Newland Bowker, executive director of World Mine Tailings Failures told MINING.COM.
“The Kyrgyz government has zero capacity and no money to take on a proper assessment or correction of this problem,” she added.
The mine pit slices through two glaciers — Lysyi and Davidov. This vicinity and the practice of storing waste rock directly on the glaciers represents a risk to the enormous natural ice sheets, according to data compiled by Bankwacht Network
Water is a danger in pits in several ways, including affecting slope stability and a potential leak of the metal-rich water stored there, known as mine drainage, says Geoff Beale from Piteau Associates, a Canadian geotechnical and water management consultancy.
“Water changes the resistive forces of a slope and creates driving forces. It’s a very simple concept. It’s two forces acting at the same time— the downward pressure of the rocks that holds the material together and the other is the upper pressure of the water that can break the rock. The less water, the more resistance,” he said.
One of the most well-known of landslide in an open pit is the one that happened at Rio Tinto’s Bingham Canyon copper mine in Utah in 2013. The incident did not claim victims, but it damaged equipment, a building structure, slowed output, and took at least three years to repair.
Resource nationalism
The Kyrgyz’s parliament passed in early May a law allowing the state to temporarily take over Kumtor gold mine, the country’s biggest industrial enterprise.
Kyrgyzstan’s move came after a court fined Centerra’s unit Kumtor Gold Company (KGC) more than $3 billion for allegedly dumping mining waste on glaciers near the mine 4,000 meters above sea level. A state commission also recently alleged that KGC owed more than $1 billion in unpaid taxes.
Kumtor is the largest of Centerra’s three gold mines, accounting for over 50% of the company’s total output. Since the seizure, Centerra’s Kyrgyz subsidiaries have filed for Chapter 11 bankruptcy protection. The company has also sued the new external manager of the mine, alleging that he conspired to steal the asset while he was a director.
Centerra said at the time that KGC and the Kumtor Operating Company CJSC (KOC) were solvent, with total assets (including the Kumtor mine) above $1.1 billion and no external bank debt.
The Canadian miner is not a party to or affected by the Chapter 11 filing and remains with more than $883 million in cash and almost $1.3 billion in liquidity as of June 30, 2021, it said earlier this month.
The mine has produced more than 13.2 million ounces of gold between 1997 and the end of 2020. Last year’s output was slightly over 556,000 ounces. Centerra guided in January for Kumtor to produce 470,000 to 510,000 ounces of gold, with improving grades and production expected towards year-end.
The operation is considered by analysts a classic example of the risks tied to resource nationalism, as it has been for years the subject of both renegotiations protracted legal battles.
Centerra is currently seeking to hold the Kyrgyz government and Kyrgyzaltyn responsible for all losses and damages that result from their coordinated campaign to seize the gold mine in violation of longstanding investment agreements and without compensation to Centerra.
The company also seeks to prevent the Kyrgyz government and Kyrgyzaltyn from taking any further actions to nationalize the mine or improperly dispose of it.
Its two units, KGC and KOC, filed last week a motion in a US Bankruptcy Court seeking penalties of $1 million a day against the Kyrgyzstan government.
Kyrgyz authorities have not yet replied to MINING.COM’s request for comments on Centerra’s statement.
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Mongolian pupils go back to school and end long education exile www.france24.com

Guiding her younger brother from their yurt on the outskirts of Ulaanbaatar, 15-year-old Urangoo Basandorj could barely contain her excitement for Wednesday's return to school, as Mongolia's children mark the end of grinding months of exile from education.
The country of three million has taken some of the world's toughest and most enduring measures against the Covid-19 pandemic, shutting schools and kindergartens since January 2020 and plunging children into a purgatory of remote learning with patchy access to technology.
Nearly two-thirds of the population has been fully vaccinated yet Mongolia reported 3,726 new virus cases on Wednesday -- the highest daily increase since the pandemic hit the country, the health ministry said.
Still, masked students in blazers filed into a primary school in the capital Ulanbaatar, where classrooms were kitted out with temperature monitors, hand sanitiser and social distancing stickers.
"I heard the news about reopening schools and I was super excited... I was so happy and I dreamt (of) my classmates all night," Urangoo Basandorj told AFP.
"It was so difficult not (being) able to meet my friends... the online class wasn’t nice."
Parents across Mongolia -- a landlocked country where nearly a third of people live below the poverty line -- have complained of varying access to education since the pandemic first emerged in neighbouring China, with televised classes condemned as limited and online learning restricted to those with internet access.
For the urban poor and remote herding communities, education has been patchy at best, conducted inside small, congested homes where some families lack televisions or a reliable power supply.
Complaints snowballed around social media but authorities stuck to movement restrictions and home learning, apart from a short respite late last year when schools were briefly reopened.
- 'It's time to adapt' -
Wednesday's reopening saw parents living in yurt districts near the capital -- city dwellers from Mongolia's nomadic culture -- express delight that their children were returning to school.
"When they are watching TV lessons (in the yurt), there are so many interruptions ... cooking, little siblings crying, fire in the stove, and water boiling," said Urangoo's mother, Dolgorsuren Tumurbaatar.
Students said they were happy to be back in school after more than a year of online learning or televised classes
"Schools were closed too long. It's time to adapt and live with Covid."
During the schools closures, public-school students relied on "TV lessons" -- lecture videos without any interaction -- or online classes with limited outcomes.
"Usually, teachers speak on their own and some students even go to sleep while they turn off camera and mic," Urangoo Baasansuren added.
For the lucky few, expensive vastly-oversubscribed private schools provided applications such as "Google Classroom" and even on-to-one tutoring to ensure nearly two years of education were not lost to their pupils.
But for many others, in schools which routinely have 50 to 70 pupils per class, those years have gone.
At a school in the capital, father-of-three Munch Purevdorj said it is now the right time to reopen schools.
"We have such a high rate of first and second-dose vaccination," he told AFP.
"It's time to think about (the children's) future."
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Mongolia’s Ambassador meets First Deputy Managing Director of Russian Railways www.montsame.mn

On August 31, Mongolia’s Ambassador to the Russian Federation D. Davaa had a meeting with First Deputy Managing Director of the Russian Railways S.A.Pavlov at the Embassy of Mongolia.
At the meeting, the sides exchanged views on the activities of the Ulaanbaatar Railway JSC. Ambassador D. Davaa pledged to convey suggestions and requests put forth by the Russian side regarding the current issues and future planning of the company to the relevant ministries and agencies of Mongolia, while expressing his commitment to provide all round support to the deepening of cooperation in the railway sector.
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Works for trial transport of coking coal to India to be accelerated www.montsame.mn

On August 31, President of Mongolia U.Khurelsukh received Ambassador of the Republic of India to Mongolia M.P.Singh.
Ambassador M.P.Singh congratulated the President for being elected, and expressed satisfaction in the recovery of political stability in Mongolia.
Mentioning that he used to give special attention to the bilateral relations and cooperation between the two countries during his term as the Prime Minister, President U.Khurelsukh expressed his full support for strengthening the Strategic Parntership between Mongolia and India, and successfully implementing joint large-scale projects.
The sides highlighted the active cooperation and mutual support provided despite the pandemic situation. They then noted how the delivery of 100 thousand doses of Remdesivir that was received from the Republic of India on August 30 will make significant contributions in the protection of public health against COVID-19.
They also agreed that it would be right to continue to actively put in efforts in order to successfully implement the oil refinery project on schedule.
During the meeting, the sides exchanged views on increasing the trade turnover between the two countries, and accelerating the works being carried out to conduct a trial transport of coking coal to India.
In the framework of the soft loan being provided from the Government of India, both sides expressed satisfaction in the launch of joint projects such as the establishment of the Atal Bihari Vajpayee Center for Excellence in IT, Communication and Outsourcing, and a Mongolian-Indian joint school.
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Mongolia logs record daily high of 3,805 COVID-19 cases www.xinhuanet.com

Sept. 2 (Xinhua) -- Mongolia recorded the highest daily count of 3,805 new locally transmitted COVID-19 cases over the past 24 hours, bringing its national tally to 221,351, the country's health ministry said Thursday.
The ministry said that 7,549 samples were tested across the country in the past day.
The viral disease has so far claimed 948 lives after four more people aged over 40 died in the past day.
The resurgence of COVID-19 has continued with the highly contagious Delta variant of the virus spreading fast across the country.
Delta has been detected in the capital Ulan Bator and most of the country's 21 provinces.
Since a nationwide COVID-19 vaccination campaign was launched in February, 64.5 percent of the country's total population have received both doses of COVID-19 vaccines.
In late August, the Asian country began offering a booster or third dose of COVID-19 vaccines to frontline workers, employees of all levels of educational institutions, people aged over 55, and those suffering chronic diseases.
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Mongolia to Launch 45 Percent Production Incentive www.hollywoodreporter.com

Mongolia has entered the race to attract big-budget global productions.
The central Asian nation unveiled in late August a range of competitive incentives for both domestic and international studios that use Mongolia for their film and television production projects. The generous nature of the program is certain to make Mongolia a competitive territory in the global race to attract high-profile Hollywood shoots.
Mongolia’s new incentives include a 30 percent cash rebate for qualifying film and TV productions that take place in the country; an additional 10 percent cultural rebate for projects that showcase Mongolian culture and heritage; a 5 percent foreign crew and talent incentive; a 30 percent postproduction incentive for approved projects that use a substantial number of personnel during postproduction; and a 20 percent incentive for Mongolian productions or co-productions that promote the country and its culture. Altogether, the incentives can be taken separately or together for a total 45 percent cumulative incentive.
The generous nature of the program seems likely to lure more large-budget projects to make use of Mongolia’s striking natural landscapes.
Nomin Chinbat, Mongolia’s minister of culture who spearheaded the effort to draft the legislation and build the support in the Mongolian Parliament to get it approved, notes: “I’m so pleased Parliament took action and approved this new law. We must now work to ensure this initiative is launched in a way that demonstrates we are serious about developing a world-class production sector in Mongolia.”
The Mongolian Film Council and its various incentive programs will be launched and operational in January.
This story first appeared in The Hollywood Reporter’s Sept. 1 daily issue at the Venice International Film Festival.
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