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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Events

Events

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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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Japan's economy bounced back ahead of the Olympics, data shows www.bbc.com

Japan rebounded faster than expected from its pandemic-driven slump in the run-up to the Tokyo Olympics.
Official figures show the world's third-largest economy grew at twice the rate forecast in April to June.
But analysts have warned growth will be modest this quarter after a state of emergency was reimposed to ease a spike in Covid-19 infections.
Meanwhile, new data also shows that the economic recovery of its larger neighbour, China, is losing steam.
Preliminary data show Japan's gross domestic product (GDP) grew by an annualised 1.3% in the second quarter of the year. That came after a 3.7% slump in the previous three months.
The latest figures were far better than the expected gain of 0.7% and came as spending by individuals and businesses bounced back from the initial impact of the coronavirus.
However, Japan's recovery remains much slower than has been seen in other advanced economies like the US, which recorded a 6.5% jump in GDP for the second quarter of the year.
Japan's relatively weak rebound highlights how the government has struggled to contain the pandemic.
"I have very mixed feelings about this GDP result," Economy Minister Yasutoshi Nishimura said after the data was released.
"Our priority is to prevent the spread of the virus. It's very bad for the economy for this situation to drag on," he added.
In 2020, Japan's economy shrank by more than 4.8% over the year, its first contraction in more than a decade.
The country's economy emerged from last year's initial blow from the pandemic thanks to robust exports, although the slow rollout of its vaccination programme and a series of state of emergency measures have hurt consumption.
At the same time a spike in cases of the Delta variant in other parts of Asia has further disrupted supply chains for some Japanese manufacturers. This could hurt factory output and threaten the already fragile recovery.
In Tokyo, Japan's benchmark Nikkei share index closed 1.6% lower on Monday, its third session of losses in a row.
Meanwhile, in China factory output and retail sales both rose more slowly than expected last month, compared to a year ago.
It is the latest sign that the recovery of the world's second-largest economy is losing steam as export growth cools and new Covid-19 outbreaks disrupt business.
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Construction of IT, Communication and Outsourcing Center begins www.montsame.mn

Minister of Education and Science L.Enkh-Amgalan, Member of the Parliament B.Saranchimeg, and Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia Mohinder Pratap Singh attended the ground-breaking ceremony of the Atal Bihari Vajpayee Center for Excellence in IT, Communication and Outsourcing.
As part of a project being jointly implemented with India, the 10-floor center that will create jobs for over 700 people will be built on an 864 square meter plot. The center is scheduled to open in 2022.
The Minister of Education and Science said the outsourcing center will be of great significance in having the youth specialize in artificial intelligence, robotics, automation, and information technology to achieve the government’s goal of digitizing government services and introducing e-governance to reduce bureaucracy and corruption.
Ambassador M.P.Singh expressed hope that the joint project will contribute to the Digital Mongolia program, underscoring that the IT, communication, and outsourcing center will train specialists in 16 fields.
The project will open up opportunities for Mongolian youth to specialize in Information and Communication Technology to become skilled workers at home and enter the global labor market, acquire the latest technological knowledge and skills, and earn from outsourcing.
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Prime Minister checks operations of Tavan Tolgoi Tulsh LLC www.montsame.mn

Prime Minister L. Oyun-Erdene got acquainted with operations of ‘Tavan Tolgoi Tulsh’ LLC refined coal briquette plant today, August 16.
The plant’s authority introduced the factory’s operation and plans. He said that it is estimated that 171 thousand households and more than 1,000 businesses will use 600 thousand tons of coal briquettes in the capital city in 2021-2022. It is planned to produce a total of 600 thousand tons of briquettes in its western and eastern regions’ factories, plus opening more sales points. “We are also working to reduce dust in the industrial environment.”
The plant currently has 13 thousand tons of coal briquettes’ reserves. With the completion of equipment modernization and repair works, the plant will be operating at its full capacity from next month, producing 6,000 tons of briquettes per day and building up reserves.
Prime Minister L. Oyun-Erdene advised, "We are working in a difficult situation of the pandemic. For Tavan Tolgoi Tulsh, it has more than 2,000 employees. If the infection control regime is lost, there will be risk to hinder normal operations of the plant; thus, the infection control regime should be strictly adhered.”
It was also decided to discuss some issues related to the company's financing and the normal operation of the plant at this week's Cabinet meeting.
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Copper price rises as supply worries return www.mining.com

Copper prices advanced on Friday after workers at Codelco’s Andina copper mine in Chile went on strike, raising supply disruption risks.
Copper for delivery in September rose 1% from Thursday’s settlement price, touching $4.431 per pound ($9,748 per tonne) on the Comex market in New York.
Copper prices have soared to record highs this year, handing unions in Chile additional leverage, ratcheting up tensions in labor negotiations and putting pressure on global supply of the red metal.
On Thursday, two unions at Andina walked off the job after rejecting the latest contract offer, while workers at JX Nippon Copper’s Caserones mine also went on a strike after labor contract talks collapsed.
Andina produced 184,000 tonnes of copper in 2020, while Caserones delivered 126,972 tonnes of copper in 2020.
On Thursday, workers at Chile’s Escondida mine, the world’s biggest copper deposit, approved a new contract, avoiding a labor strike.
(With files from Reuters)
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Potential safety checks at Chinese coal mines may boost imports from Russia, Mongolia www.globaltimes.cn

A highly likely round of safety inspections at China's coal mines may worsen the already tight supply in the nation, which in turn could boost imports from Russia and Mongolia, industry experts said on Sunday, after a mine in Northwest China's Qinghai Province was flooded by mud.
The potential impact comes as summer demand for power plants is still strong, and truck drivers are waiting for hours to load coal, pushing prices up about 10 percent since July. Shortages may speed up China's coal imports from neighbors such as Russia and Mongolia, an expert said.
Rescue efforts were still underway at the coal mine in Haibei Tibetan Autonomous Prefecture in Qinghai, where the incident has left one dead and 19 others trapped, the Xinhua News Agency reported on Sunday.
"The mine was ordered by the provincial mine safety administration on August 2 to suspend production and rectify irregularities," Yin Maowen, deputy head of Haibei prefecture, told a press conference on Sunday, per the Xinhua report.
The mine, which opened in September 2009, produced 900,000 tons a year, according to Xinhua.
The incident will have an impact on China's coal production, as local authorities will likely strengthen safety inspections, an Inner Mongolia-based industry source who preferred to remain anonymous told the Global Times on Sunday.
China's coal supply is already tight. According to domestic media outlet qhrb.com.cn, stockpiles at China's main coal port Qinhuangdao totaled 4.23 million tons on Friday, down 4.3 percent compared with a week earlier. Guangzhou Port in South China's Guangdong Province had 2.45 million tons, down 6 percent on a weekly basis, and Caofeidian Port in North China's Hebei Province had 3.04 million tons, down 9 percent.
"Because of the unprecedented havoc in China-Australia relations, which reduced China's coal purchases from the country, more sources will be needed to make up for the shortage," Song Kui, president of the Contemporary China-Russia Regional Economy Research Institute, told the Global Times on Sunday.
"We have sourced coal from Russia, Mongolia and other countries as the new strategic direction. They are our neighbors, making transport more convenient," Song noted.
However, the coronavirus slowed customs clearance between China and Mongolia, Song pointed out. In order to increase coal exports, Mongolia decided to set up more checkpoints at its border with China, media reports said.
In July, China imported 30.18 million tons of coal, up 15.62 percent year-on-year, customs data showed.
Global Times
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New policies in Inner Mongolia may tighten synthetic graphite supply – report www.mining.com

A new report by Roskill states that the synthetic graphite market could be driven into a deficit as a consequence of booming demand from growth in the lithium-ion battery and downstream EV sectors worldwide, and the strict energy consumption control policy for high-energy consuming industries that Inner Mongolia has applied in response to China’s 14th Five-Year Plan.
The new controls have limited the production of synthetic graphite from existing producers as the supply of electricity to the region’s synthetic graphite graphitization plants decreased by 15-30% since April, according to Chinese industry research firm ICCSINO. The situation improved in May and June, but supply tightened again in July, with utilization rates falling by 10% in Ulanqab.
Besides potentially affecting the possibility of new projects getting government approval, Roskill says that this situation has led to a 70% increase in the price of active anode material (AAM) based on synthetic graphite.
“As synthetic graphite is manufactured specifically for the end-user, a reduction in planned output effectively represents a deficit in the supply/demand balance,” the report states. “[This could lead to] even higher prices for synthetic graphite and AAM.”
The market analyst explains that Inner Mongolia is an important Chinese production hub for synthetic graphite due to its relatively low electricity unit price. Large amounts of electricity are needed to fuel the graphitization process, which is a major part of synthetic graphite manufacture.
The graphitization process requires temperatures above 2,300 degrees Celsius and consumes large amounts of energy at more than 12,000 kWh/t.
Given its privileged position when it comes to energy prices, Inner Mongolia hosts approximately 46% of China’s graphitization capacity.
However, if things are to continue down the same road, Roskill suggests that in the short term, new capacity could be brought online in other provinces, such as Sichuan, Shanxi or Yunnan, to substitute for lower supply in Inner Mongolia. In the longer term, new project capacity will need to be set up in China, and potentially in other regions, to meet the large forecast growth in demand.
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Mongolia reports 1,061 cases of coronavirus www.akipress.com

Mongolia reported 1,061 cases of the coronavirus, said the Ministry of Health on Aug 16.
282 coronavirus cases were confirmed in Ulaanbaatar, 779 cases were detected in the regions.
The total number of confirmed cases of COVID-19 nationwide has increased to 184,652.
4 people died in a day. The death toll of Mongolia from the coronavirus has increased to 880.
1,674 residents recovered from the coronavirus in a day.
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Update on Mineclosure2021: Aug 15.2021

Mineclosure2021 welcomes Ulzii Environmental Consulting (Mongolia) as the Workshop sponsor and participants from Fortescue metals Group (AUS), CRC TiME (AUS), Ministry of Energy and Mineral Resources (Indonesia), University of Cape Town (South Africa), Endeavour Mining Corporation (Canada), Tetra Tech Canada Inc, Department of Mines Industry Regulation and Safety (AUS), SRK Consulting (AUS) and MDA Geospatial Services Inc. (Canada)

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Covid-19 Update: Variant Data, Mongolian Mutations and the Western Provinces www.news.mn

Roughly 60 percent of Mongolians have been fully vaccinated, however, the deadly Delta variant of Covid-19 is still spreading in the country of three million. According to Health Ministry, the Delta variant is now being detected in 10 percent of daily cases; these are fluctuating between 1000 and 2000 in Mongolia.
This week, mutations of Covid-19 are confirmed in 10-20 percent of PCR positive samples. The Delta variant accounts for 10 percent of all confirmed samples.
Separately, results of 38 out of 260 samples sent to Japan have revealed 32 Alpha variants, two Delta variants and 4 new types of mutation first detected in Mongolia.
In recent days, 70-80 percent of all cases in Mongolia have been confirmed in the 21 provinces. Two western Mongolian provinces, namely Bayan-Ulgii and Khovd have been especially hard hit by Covid-19 since the end of July as local tourism began. According to officials, daily Covid-19 cases have been sharply raised in Khovd province after the Danshig Naadam festival was organized locally last week. As for Bayan-Ulgii, Mongolia’s only majority-Kazakh province, the boost in transmissions has been attributed to the many weddings; these are always large-scale events.
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Hunnu Air to conduct repatriation flights between Mongolia and Kazakhstan www.news.mn

Mongolian citizens currently in Kazakhstan, who have applied to return to their homeland will be able to use two planned repatriation flights.
It has been announced that, the Kazakh Embassy in Mongolia and Hunnu Air airlines plan to organize special return flights from Ulaanbaatar to Nur-Sultan on August 14 and from Ulaanbaatar to Almaty on 19 August.
The special flights are ready to accept citizens of Kazakhstan who want to return to Mongolia, and citizens of Mongolia who have a residence permit in Kazakhstan, as well as their family members. In addition, citizens of Mongolia who arrived in Kazakhstan in violation of migration laws can also return to their homeland by the repatriation flights.
Currently, no direct flights are operated between Kazakhstan and Mongolia since they were suspended when COVID-19 pandemic outbreak began.
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