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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Industrial and technology park of glass and glass products to be established www.montsame.mn

At the Cabinet’s regular meeting on August 4, ‘Erdesplasm’ LLC has been granted a five-year license to operate an industrial and technology park for the production of glass and glass products. Some ministers were instructed to provide professional and methodological support in developing the park's infrastructure using environmentally friendly and advanced technologies.
Mongolia imports 100 percent of its glass and glass products, of which China accounts for about 80 percent. According to data from 2020, 21 types of products worth USD 55 million are imported to meet the demand of domestic factories.
- When the park starts operating at full capacity, it will manufacture products substituting more than USD 50 million worth of imports a year.
- The glass packaging factory that will open first will have a daily output of 68.8 tons.
- 30 percent of glass waste of Ulaanbaatar will be recycled.
The park to be established in Bagakhangai district of the capital city will have a total of three industrial zones and it is estimated that the glass packaging factory will annually earn MNT 48 billion in sales, contribute MNT 10 billion in taxes to state and local budgets, and create over 380 jobs.
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Substructure construction of Bogdkhan Railway Bypass Line to begin in the third quarter www.montsame.mn

At the Cabinet meeting on August 4, Tavan Tolgoi Railway LLC was authorized to construct the substructure of Bogdkhan railway bypass line. The construction will commence within the third quarter of 2021.
Corresponding officials were instructed to implement the Bogdkhan Railway Bypass Line project in compliance with the related laws and involve the General Staff of the Armed Forces and the Ulaanbaatar Railway JVC in the construction work of the project.
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Financing for construction work of Tavantolgoi-Zuunbayan railway project to be resolved www.montsame.mn

At the cabinet meeting dated August 4, Minister of Road and Transport Development L. Khaltar reported the progress of Tavantolgoi-Zuunbayan railway project.
After hearing the report, Minister of Mining and Heavy Industry G. Yondon and the Board of Directors and CEO of Erdenes Tavan Tolgoi JSC were deputed to resolve matters regarding the expected payment for the work performed on the Tavantolgoi-Zuunbayan railway project and the remaining financing required to complete the construction works of the project within the third quarter of 2021. With the funding to be resolved, corresponding officials were assigned to commission the Tavantolgoi-Zuunbayan railway by the second quarter of 2022.
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(Update) MineClosure2021 welcomes ATC Williams LLC (AUS) and Mongol Mining & Exploration Co.,LTD аs an exhibitors ...www.mongolianbusinessdatabase.com

(Update) MineClosure2021 welcomes ATC Williams LLC (AUS) and Mongol Mining & Exploration Co.,LTD аs an exhibitors, group delegation of Anglo American, Oyu Tolgoi (MGL), Steppe Gold (MGL), MERIT (Canada) and participants of Bayan Airag Exploration (MGL), Erdenes Silver Resource MGL, and AMEP (AUS)
ATC Williams specialises in the mining and resource sectors. We provide strategic consulting engineering services and technical advice on tailings management, waste management, geotechnical engineering and water management to mining companies worldwide.
Mongol Mining & Exploration Co.,LTD is the gold mining company in Zaamar, Tuv Province of Mongolia
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Copper price down as Chinese imports fall www.mining.com

Copper prices fell on Tuesday pressured by China’s lower metals imports.
Copper for delivery in September fell 1.4% from Monday’s settlement price, touching $4.372 per pound ($9,619 per tonne) on the Comex market in New York.
China’s factory activity expanded in July at the slowest pace in 17 months, with the official Purchasing Managers’ Index (PMI) easing to 50.4 from 50.9 in June, remaining above the 50-point level that separates growth from contraction.
China’s imports of unwrought copper have also been trending lower since the sharp recovery from the coronavirus pandemic amid stimulus spending in the middle of last year.
Imports reached a high of 762,211 tonnes in July of 2020, and have been dropping ever since.
China's imports of refined copper have peaked
Surging Chinese scrap copper imports that have doubled in the first half of 2021 are also displacing to some extent refined cathode, concentrate, anode, and blister imports, with analysis by Roskill predicting the situation to worsen and potentially cripple the copper price recovery.
Meanwhile, Fitch Solutions Country Risk & Industry Research says it expects near-term stabilization after copper and tin reached fresh highs in May and July, respectively:
“Nevertheless, there should be no collapse and prices will remain elevated compared to previous years, on the back of tight fundamentals and positive investor sentiment due to the ongoing global economic recovery.”
(With files from Reuters)
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Mongolia logs 1,444 new COVID-19 cases www.xinhuanet.com

Aug. 4 (Xinhua) -- Mongolia reported 1,444 new COVID-19 cases over the past 24 hours, bringing the national caseload to 168,673, the country's health ministry said Wednesday.
Meanwhile, six more COVID-19 related deaths were reported in the past day, raising the overall death toll to 833, said the ministry.
The latest confirmed cases were all local infections, among which 467 were detected in the capital Ulan Bator, according to the ministry.
Mongolia launched a nationwide COVID-19 vaccination campaign in late February, aiming to cover at least 60 percent of its population of 3.3 million.
So far, more than 61 percent of the country's total population have been fully vaccinated, according to the ministry.
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Mongolian students to return to classrooms www.xinhuanet.com

Aug. 4 (Xinhua) -- Students of general educational schools, colleges and universities across Mongolia will return to classrooms as the 2021-2022 academic year starts on Sept. 1, the country's Ministry of Education and Science said Wednesday.
However, general educational schools in areas classified as high-risk for COVID-19 will rotate classroom training and TV or online classes on a weekly basis, the ministry said in a statement.
In addition, only children aged 4-5 are now allowed to be admitted to kindergartens in the upcoming academic year, said the ministry.
Over the past two years, Mongolian educational institutions conducted more than 30 percent of their classes in classrooms due to the COVID-19 pandemic, according to the ministry.
As of Wednesday, the country has confirmed a total of 168,673 COVID-19 cases, with 860 related deaths.
Over 61 percent of the country's total population has been fully vaccinated against the virus so far.
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Mongolia imposes three-year ban on hunting marmots www.xinhuanet.com

Aug. 4 (Xinhua) -- Mongolia will impose a three-year ban on hunting marmots, the country's Ministry of Environment and Tourism said on Wednesday.
The reason behind the decision is preventing the bubonic plague from spreading to people, and determining the current range and population size of marmots in the country, the ministry added in the statement.
The bubonic plague is a bacterial disease that is spread by fleas living on wild rodents such as marmots. The disease can kill an adult in less than 24 hours if it isn't treated in time, according to the World Health Organization.
Currently, 17 out of all 21 Mongolian provinces are at risk for the bubonic plague, the country's National Center for Zoonotic Diseases said
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How Mongolia’s Covid vaccination drive surged ahead of West – despite remote population and poverty www.inews.co.uk

As countries race to vaccinate their populations against the coronavirus, one remote region has emerged as a surprise success story when it comes to getting shots in arms: Mongolia.
Although Mongolia is the world’s most sparsely populated country with a large nomadic community, it has overcome geography and other factors to surge ahead of most of the West.
By Tuesday, Mongolia’s statistics showed 61.1 per cent of its 3.3 million citizens had been fully vaccinated, less than 1 per cent shy of its entire adult population. That is more than Britain (56.7 per cent according to figures from Our World In Data), Belgium (58.9 per cent) and Canada (59.5 per cent). Only a handful of countries such as Israel (62.2 per cent), Chile (64.5 per cent), and United Arab Emirates (70.7 per cent) are ahead.
The main reason for landlocked Mongolia’s impressive vaccination rate is canny diplomacy. Early this year, the government readily took up offers of cheap vaccines from the two powerful countries that sandwich Mongolia to the north and south, Russia and China.
While many other countries were sceptical about China’s Sinopharm and Russia’s Sputnik V vaccines, Mongolia’s government was happy to accept. Had Mongolia waited, like other low-income countries, for vaccines from the global Covax initiative, it would be well into 2022 or beyond before it reached the current level.
A country of rugged steppes, mountains, forests and the Gobi Desert, Mongolia prides itself on the warrior spirit of its ancient leaders such as Genghis Khan. But it has a population of just one-third of London’s spread across a territory the size of France, Spain and Germany.
It took shrewd, strategic manoeuvring to ensure both Beijing and Moscow would shower Mongolia with doses at an early stage. Mongolia is effectively a buffer state between the two nuclear giants and has experience in playing its neighbours off against one another.
This was crucial in February when the government’s much-publicised purchase of one million doses of Sputnik V prompted China to jump in and offer 4.5 million doses of Sinopharm. There were also vaccine donations from the United States Agency for International Development (USAID) and from the Indian government.
Kerry Brown, director of the Lau China Institute at King’s College in London says the vaccine success reflects Mongolia’s astute reading of the political landscape – and the risks of infections from China.
“Mongolians have long, long experience of dealing with China,” he says. “While they preserve good relations with their huge and powerful neighbour, they are not naive, and are very keen to protect themselves. Vaccination makes absolute sense because there is a high awareness that the situation in terms of the pandemic in China may well be worse than publicly stated, and there is no space to take things on trust.”
Despite its vaccine success, Mongolia has been unable to prevent a surge in infections this summer. But the recent spike rises from a low base: after the pandemic was first declared, Mongolia went 10 months with no local transmission of the virus. The country now stands at over 167,000 total cases and 827 deaths – although officials say 96 per cent of fatalities are among people who are not vaccinated at all or have just had one dose.
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Central bank to carry out studies on reform of banknotes www.montsame.mn

On August 3, Speaker G.Zandanshatar received First Deputy Governor of the Bank of Mongolia (BoM) G.Dulguun.
At the start of the meeting, the BoM First Deputy Governor briefly introduced the measures being taken by the central bank. Highlighting the progress of the employment support loans as well as measures of repo financing and soft term mortgages being taken within the MNT 10 trillion comprehensive plan for health protection and economic recovery, he informed the Speaker about the joint working group established with the government that has been established for reforms in the banking sector.
Speaker G.Zandanshatar underlined the importance of economic stability during the pandemic and the development of policy for issuing loans and financing for works to ensure preparation for the winter season.
In the framework of the MNT 10 trillion comprehensive plan for health protection and economic recovery, the central bank has issued MNT 1.8 trillion in loans. Noting that measures should be taken in regards to the reform of bank notes by discontinuing those that are not used in transactions, the Speaker then charged the central bank to carry out studies on introducing a new bank note with a higher denomination.
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