1 EIB GLOBAL SIGNS MEMORANDUM OF UNDERSTANDING WITH MONGOLIA TO UNLOCK UP TO EUR 1 BILLION FOR CLEAN ENERGY TRANSITION WWW.MONTSAME.MN PUBLISHED:2025/10/15      2 URANIUM SUPPLIES, MEGA REFINERY, DEFENCE IN FOCUS AT INDIA-MONGOLIA MEETING WWW.HINDUSTANTIMES.COM PUBLISHED:2025/10/15      3 MONGOLIA SEES INCREASE IN NEWBORN LIVESTOCK SURVIVAL WWW.MONTSAME.MN PUBLISHED:2025/10/15      4 MONGOLIA AND EUROPEAN INVESTMENT BANK TO PEN COOPERATION AGREEMENT FOR 1 BILLION EUROS WWW.AKIPRESS.COM PUBLISHED:2025/10/15      5 2 DIE IN SUSPECTED CARBON MONOXIDE POISONING IN MONGOLIA'S CAPITAL WWW.XINHUANET.COM PUBLISHED:2025/10/15      6 INDIA, MONGOLIA INK 10 PACTS, TIES ELEVATED TO STRATEGIC PARTNERSHIP WWW.INDIANEXPRESS.COM  PUBLISHED:2025/10/15      7 INDIA-BACKED OIL REFINERY IN MONGOLIA TO BEGIN OPERATIONS BY 2028 WWW.DECCANHERALD.COM PUBLISHED:2025/10/15      8 TROY MINERALS INCHES CLOSER TO MINE PERMIT AT SILICA PROJECT IN MONGOLIA WWW.INVESTINGNEWS.COM PUBLISHED:2025/10/15      9 CENTRAL BANK DISCUSSES FUTURE OF DIGITAL PAYMENTS IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/10/15      10 TEACHERS TO GO ON STRIKE STARTING THURSDAY WWW.GOGO.MN PUBLISHED:2025/10/15      БАГАХАНГАЙ-ХӨШИГИЙН ХӨНДИЙ ЧИГЛЭЛИЙН ТӨМӨР ЗАМЫН ТӨСЛИЙН САНХҮҮЖИЛТИЙГ ШИЙДВЭРЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/10/15     "МАН-ЫН БҮЛГИЙН ДАРГААР Ж.БАТЖАРГАЛЫГ СОНГОЛОО" WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/15     ТАМХИНЫ ХЭРЭГЛЭЭНЭЭС ШАЛТГААЛСАН МОНГОЛЫН ЭДИЙН ЗАСГИЙН АЛДАГДАЛ 800 ТЭРБУМ ТӨГРӨГ ДАВЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/15     Б.ЖАВХЛАН: ТӨСВИЙН ЕРӨНХИЙЛӨН ЗАХИРАГЧ БҮРИЙН ЗАРДЛЫГ 10 ХУВИАР БУУРУУЛЖ, ЦАЛИН, ТЭТГЭВЭР НЭМЭХ САНХҮҮЖИЛТИЙГ ШИЙДНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/15     ЕРӨНХИЙ САЙДЫГ ОГЦРУУЛАХ ЭСЭХ АСУУДЛААР ТББХ МАРГААШ 09.00 ЦАГТ ХУРАЛДАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/15     Н.УЧРАЛ: ЯАМД ШАЛГУУР ҮЗҮҮЛЭЛТЭЭ АХИУЛСАН УУ ГЭДЭГ ҮР ДҮНГ ХАРНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/15     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, БҮГД НАЙРАМДАХ ЭНЭТХЭГ УЛСЫН ЕРӨНХИЙ САЙД НАРЕНДРА МОДИ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/10/15     "ОЮУ ТОЛГОЙ" ХХК МЭДЭГДЭЛ ГАРГАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/15     ЕБС-ЫН СУРАГЧИД ЭНЭ САРЫН 20-24 ХҮРТЭЛ ТАНХИМААР ХИЧЭЭЛЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/15     ОРОН СУУЦНЫ ҮНИЙН ИНДЕКС БА ЗАХ ЗЭЭЛИЙН ТӨЛӨВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/15    

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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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Russia hopes for trade boom with South Asian state thanks to Western sanctions www.rt.com

Ukraine-related Western sanctions are expected to strengthen ties between Russia and Thailand, boosting trade turnover between the nations to as much as $10 billion, according to Russian Economy Minister Maxim Reshetnikov.
“The level of $10 billion that we had previously set is still a goal, and an achievable one,” he told journalists after the first day of the Asia-Pacific Economic Cooperation (APEC) forum, which kicked off on Saturday in the Thai capital of Bangkok.
Reshetnikov said that trade between Russia and the South Asian state reached $2.8 billion in 2021, stressing that the two partners expect that figure to multiply.
According to the minister, the countries had discussed the issue of boosting mutual trade earlier in the day.
“New opportunities have appeared… one of them is the automotive industry,” Reshetnikov said, explaining that anti-Russian sanctions are creating favorable circumstances for a large number of countries, including Thailand.
“Thailand has a very strong automotive and automotive components industry,” he added.
Russia and Thailand may boost cooperation in the spheres of energy resources, oil, oil products, gas and fertilizers, as well as food and engineering products, according to the minister.
Reshetnikov noted that the two nations had established diplomatic relations 125 years ago.
“They have not only a wonderful history, they have great opportunities for development, and, I am sure, they have a bright future,” he said.
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Mongolia’s Film and TV Location Incentives Are Ready for Use www.variety.com

Italy’s Aurora Vision has joined with Mongolia’s BroSis Pictures and Culture Distributor to co-produce documentary “Round Ger.” The film is among the first to make use of Mongolia’s newly hatched location production rebate scheme.
Co-directed by Lia Beltrami and Bolortsetseg Dugardondov, and produced by Andrea Morghen, Beltrami and Tsengel Davaasambuu, “Round Ger” focuses on the relationship between a young mother and her disabled daughter. Production is expected to get under way in July next year.
“We are determined that Mongolia become a major new location for productions,” Nomin Chinbat, Mongolian minister of culture, told Variety in Cannes. “For that, it is not sufficient simply to have an amazing variety of locations. We also need to be able to offer a meaningful incentive program.”
Vomit, Poop and Woody Harrelson: ‘Triangle of Sadness’ Shocks Cannes With Uproarious Eight-Minute Standing Ovation
Mongolia offers a basic 30% rebate scheme, which is already competitive with other locations in Asia. That can be increased by a further 10% for culturally relevant productions that pass a test. A further 5%, making 45% in total, is available to help with cast and crew costs.
The scheme applies to both film and TV and has a minimum spending requirement of $500,000. There is no cap on the money that can be paid out to any single project, though there is an initial pool of $25 million allocated by the government. Some two years may be needed from first application to final payout.
The new Mongolian National Film Council, the country’s first official government film entity, will operate the rebate plan, and has taken a booth at the Cannes Market. “We want the MNFC to be autonomous from government, even if it is government backed. This is intended to ensure that the incentives are protected in in case of a change of government,” said Chinbat, who was previously the head of Mongol TV. “I think what we have is simple, clean and competitive.”
She says that it took roughly three years to develop the scheme within the ministry and to then convince the finance ministry and lawmakers. It was finally passed in parliament in January this year. “We had to provide examples of the success of similar schemes overseas,” Chinbat said. “And to show the economic benefits of production incentive schemes.”
The country has few formal co-production treaties in the audiovisual sector but has some 43 cultural co-operation agreements with 26 countries. These could help drum up interest in using the location incentive scheme or make it go further.
Mongolia was among the first countries in the world to react to the COVID-19 crisis with shutdowns. These were inevitably disruptive to film and TV production. But Mongolia was also among the first to reopen. Its international borders were open to everyone from Feb. 2022, film releases have picked up in volume and new cinemas have opened in the past two years.
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Mongolia to partner with India in veterinary and dairy sectors www.montsame.mn

As the pandemic is negatively affecting countries’ food supplies, trade and economy, and cooperation, overcoming the current situation has become of utmost importance for all sectors.
Mongolia has set an objective to provide state support for the sectors of food, agriculture, and light industry, put the sectors’ commodities and products into economic circulation, and boost production in the next five years.
In its framework, Minister of Food, Agriculture, and Light Industry Z.Mendsaikhan held a meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh and Resident Representative of the Food and Agriculture Organization of the United Nations (FAO) in Mongolia Vinod Ahuja.
During the meeting, the sides discussed cooperating in the production of milk and dairy products through ways such as supplying equipment, introducing biotechnological solutions, and preparing specialists in the veterinary field.
The Minister expressed interest in utilizing India’s advanced technological solutions in the agricultural sector by creating an online platform that will benefit herders and farmers throughout the country.
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2.5-2.8 million tons of freight pass through Zamiin-Uud transloading facility each year www.montsame.mn

As of today, the Zamiin-Uud transloading unit of Ulaanbaatar Railway JSC continuously runs operations by loading freight onto 902 train cars each day. At its four sites with 39 hectares of area, they have three broad-gauge railroads and two narrow-gauge railroads, with a total capacity of loading 1,200 train cars.
In charge of handling 100 percent of Mongolia’s railroad freight, the unit loads various types of freight being transported from China in open and enclosed cars as well as containers from narrow-gauge railroads onto the country’s broad-gauge railroad and autoroads. They have transferred and unloaded 348.2 thousand tons of freight so far.
The current facility for the Zamiin-Uud transloading unit was constructed through non-refundable aid from the Japanese government in 1996-1998.
In the early 90s, Mongolia had 1,520 mm broad-gauge tracks, while China had 1,435 mm gauge tracks which created difficulties in conducting transport between the two countries.
Thus, it became necessary to construct a transloading facility at the border checkpoint.
Due to the circumstance, the country’s government put forth a request to the Japanese government to have a study conducted on constructing a transloading facility based near the Zamiin-Uud railway station in November 1990. Per the request, the study was carried out between 1992-1993, and later, an agreement was signed between the two countries’ governments on implementing the project through a non-refundable aid of JPY 2.1 billion. The facility was put into operation in 1994-1996, highlighted Third Secretary at the Embassy of Japan in Mongolia Katanoda Tomoki.
As requested by the Mongolian government, a soft loan of JPY 8 billion was also provided for renovating the railroad gauge and train car repairing facility. The Railway Transport Capacity Reinforcement Project was also launched for the Mongolian railroad sector in 1993.
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Mongolia exempts sugar, vegetable oil and rice from import tariffs www.news.mn

Mongolia has decided to exempt import tariffs for certain food products until the end of this year in order to ensure their supply and price stability.
The government approved a list of certain food products such as sugar, vegetable oil and rice to be exempt from import tariffs.
It is estimated that the exemption is to help reduce the retail price of those products by 4 to 7 percent.
Consumer prices have been rising sharply in Mongolia due to the continued border restrictions caused by the COVID-19 pandemic and the ongoing Russia-Ukraine conflict.
For example, the average retail price per kilogram of rice stood at MNT 6,900 at the end of the first quarter of this year, up 130 percent from the same period last year.
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Mongolia to host Group B matches of the AFC Asian Cup qualification www.news.mn

The third round of the AFC Asian Cup qualification will take place from June 8 to 14 in six centralised venues. A total of 24 teams will participate in this round to battle it out for the 11 slots available in the 2023 Asian Cup.
The teams have been equally divided into six groups and they will play single round-robin matches. The group winners and the five best runners-up across all groups will qualify for the main event.
Group A is made up of Jordan, Kuwait, Indonesia and Nepal. Meanwhile, all matches in Group B will be hosted by Mongolia. The hosts will be joined by Philippines, Palestine and Yemen.
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China spent over $6 billion on Russian energy imports in April www.bloomberg.com

China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases.
Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 tons, according to Chinese customs data on Friday. That’s despite China’s total imports of the super-chilled fuel dropping by more than a third as lockdowns and other restrictions on industrial activity choked demand.
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Crude imports, meanwhile, rose 4% on the year to 6.55 million tons, with Russia again behind only Saudi Arabia as China’s main source of oil.
The surge in prices that accompanied Russia’s invasion of Ukraine boosted the value of China’s purchases of mineral fuels, including coal, to $6.42 billion. It means that 72% of China’s total imports in April from its strategic partner were energy-related.
The volume figures for gas don’t include pipeline imports, which haven’t been reported since the start of the year, but the Power of Siberia link is a major conduit of the fuel to China.
Moreover, Beijing is in discussions with Moscow to replenish its strategic crude stockpiles with cheaper Russian oil, a sign that energy ties between the two are only likely to strengthen as Russia’s westward markets wither due to the war in Ukraine.
Other highlights of commodities trade between China and Russia in April:
Coal imports fell 14% on-year to 3.82 million tons as Covid restrictions, milder weather and elevated domestic output reduced demand for the thermal variety
But coking coal for the steel industry rose for a third month to 1.71 million tons, more than double last year’s level, after mills bought more on the prospect of enhanced government spending
Refined copper imports fell 39% to 18,871 tons
Refined nickel imports rose almost threefold to 1,738 tons
Aluminum imports rose almost half to 31,218 tons
Palladium imports were zero
Wheat imports dropped 81% to 2,990 tons
(By Ailing Tan, with assistance from Kathy Chen, Sarah Chen and Winnie Zhu)
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Unloved since Fukushima, uranium is hot again for miners www.mining.com

Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of Ukraine.
Spot prices for uranium have doubled from lows of $28 per pound last year to $64 in April, sparking the rush on projects set aside after a 2011 earthquake and tsunami crippled Japan’s Fukushima nuclear power plant.
“Things are moving very quickly in our industry, and we’re seeing countries and companies turn to nuclear with an appetite that I’m not sure I’ve ever seen in my four decades in this business,” Tim Gitzel, CEO of Canada’s Cameco, which mothballed four of its mines after Fukushima, said on a May 5 earnings call.
Uranium prices began to rise in mid-2021 as several countries seeking to limit climate change said they aimed to move back to nuclear power as a source of carbon-free energy.
A quest for secure energy supplies has added to the potential demand.
Unrest in January in Kazakhstan, which produces 45% of primary global uranium output, had already driven prices further when Moscow’s Feb. 24 invasion of Ukraine spurred a 50% rally.
Russia accounts for 35% of global supply of enriched uranium.
Prices have retreated since a peak in April, but John Ciampaglia, CEO of Sprott Asset Management, which runs the Sprott Physical Uranium Trust, told Reuters Moscow’s invasion had “shifted the energy markets dramatically”.
“Now the theme is about energy security, energy independence and trying to move away from Russian origin energy supply chains,” he said.
There are about 440 nuclear power plants around the world that require approximately 180 million pounds of uranium every year, according to the World Nuclear Association.
Uranium mines produce about 130 million pounds, a deficit that mining executives predict will widen even if idled capacity by major producers such as Cameco and Kazakhstan’s Kazatomprom comes back online.
The supply gap used to be filled by stockpiled material, much of which came from Russia.
Now, miners are dusting off feasibility studies for mothballed mines and reviving projects.
In Australia, uranium producers – including Paladin Energy Ltd which aims to restart its Langer Heinrich uranium mine in Namibia, idled over a decade ago – have raised close to A$400 million ($282.08 million) in share sales over the last six months to fund exploration and resuscitate mines on three continents.
“With all of the additional demand that’s coming from the new nuclear (plants), the thesis is that over a five or 10-year period, that additional demand will just dwarf those volumes coming back to market,” said Regal Funds Management analyst James Hood.
China plans to build 150 new reactors between 2020 and 2035 and Japan also aims to boost nuclear capacity as does South Korea.
In Europe, Britain has committed to build one new nuclear plant every year while France plans to build 14 new reactors and the European Union has proposed counting nuclear plants as a green investment.
Easier said than done?
Delivering the new reactors, however, will be a challenge as repeated delays and cost-overruns could be exacerbated by the supply chain problems following the pandemic and the additional disruption of the Ukraine war, making demand for uranium hard to predict.
Many environmental campaigners, especially in the West, also remain opposed to nuclear energy because of the waste it generates even though atomic power is emissions-free.
Advocates of nuclear energy say small modular reactors are a solution to the difficulty of bringing on new capacity.
Keith Bowes, managing director of Lotus Resources, which owns the idled Kayelekera uranium mine in Malawi, says modular reactors will be a major source of growth from 2028 onwards.
Others say the traditional obstacle of high cost is less of a problem given the sharpened focus on security of supply.
“No longer is price the determinant, it’s now security of supply,” Duncan Craib, managing director at Boss Resources told the Macquarie Australia conference on May 9.
Boss will make a final investment decision soon on developing the Honeymoon uranium mine in South Australia, aiming for first production 18 months after any go-ahead.
Sprott’s Ciampaglia said uranium could hit $100 per pound in the long run. Prices peaked around $140 per pound in 2007.
This year’s rally has taken them to levels last seen in 2011 in part as a result of Sprott’s activity in the market with its uranium funds growing from near zero last year to about $4 billion now.
Ciampaglia said Sprott’s buying is in response to investor demand: “The Trust provides investors with a vehicle to express their view on physical uranium.”
Smaller uranium developers also want to get involved, but will need prices of at least $60 a pound to ensure the economic viability of projects, industry watchers said.
Even then there would be risks. The restart of idled capacity from uranium giants could disproportionately hit smaller players while community opposition in some areas remains.
“No mine development or restart of an idled mine is easy or without challenges,” said Guy Keller, manager of Tribeca Investment Partners’ Nuclear Energy Opportunities Fund.
($1 = 1.4180 Australian dollars)
(By Praveen Menon and Sonali Paul; Editing by Barbara Lewis)
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Mongolia to exempt import tariffs for certain food products to ensure price stability www.xinhuanet.com

Mongolia will exempt import tariffs for certain food products until the end of this year in order to ensure their supply and price stability, the government's press office said Wednesday.
"During its regular meeting on Wednesday, the government approved a list of certain food products such as sugar, vegetable oil and rice to be exempt from import tariffs," the press office said in a statement.
It is estimated that the exemption will help reduce the retail price of those products by 4 to 7 percent.
Consumer prices have been rising sharply in the landlocked Asian country due to the continued border restrictions caused by the COVID-19 pandemic and the ongoing Russia-Ukraine conflict.
For example, the average retail price per kilogram of rice stood at 6,900 Mongolian Tugriks (about 2.1 U.S. dollars) at the end of the first quarter of this year, up 130 percent from the same period last year, according to the Confederation of Mongolian Trade Unions.
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Mongolia seeks early buyback of Samurai debt www.reuters.com

SINGAPORE, May 19 (Reuters) - Mongolia wants to buy back a yen-denominated bond early to manage forthcoming foreign debts and take advantage of a weak Japanese yen, Finance Minister Javkhalan Bold said on Thursday.
The 30-billion yen ($234 million) bond, issued by the Development Bank of Mongolia, matures on Dec. 25, 2023. Javkhlan said the bank had told the bond’s arrangers it was ready to buy back the debt now.
“Starting today and until the maturity of the bonds we will be always ready. Whoever wants to sell their bonds back to us, we will be ready to buy back,” he told Reuters in a video call from his parliamentary office in the capital, Ulaanbaatar.
Repayments will be funded by collecting bad debts owed to the Development Bank, owned by the government, a process already underway and expected to deliver at least 500 billion Mongolian tugrik ($160 million) by year’s end, he said.
Early repayment was also intended to show investors that the country had enough foreign cash to meet debts, Javkhlan said, as well as manage the flow of hard currency out of the economy at a delicate time, with large debts due late in 2023.
“The Japanese yen has depreciated quite substantially,” he added. “Building on this momentum we would like to seize an opportunity to repurchase Samurai bonds early,” he said, using the name for yen debts issued by foreign companies in Japan.
The yen is down about 10% on the U.S. dollar this year. Mongolia’s commodity-driven economy, meanwhile, is growing.
But border closures with China and sanctions on Russian banks used to process export receipts are hampering its ability to cash in on rising commodity prices, just as food import costs have surged and squeezed limited currency reserves.
Fitch Ratings reaffirmed a Mongolian sovereign rating of B on Wednesday but noted that reserves of $3.6 billion, against debts of over $1 billion due in 2023-24, presented a vulnerability.
Javkhlan said Mongolia had informed the bond’s arrangers, Nomura Securities and Daiwa Securities, about plans for early repayment two weeks ago but had not heard back.
Nomura declined to comment and Daiwa did not immediately respond to a request for comment. The bond’s arranger, Mizuho Bank, declined to comment, as did the Japan Bank for International Cooperation, which guarantees the bonds.
($1 = 128.3700 yen)
$1 = 3,100 togrog Reporting by Tom Westbrook; Editing by Bradley Perrett
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