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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Schools to reopen for the new academic year with classes taking place both in-person and online www.montsame.mn

Today, on August 4, Minister of Education and Science L.Enkh-Amgalan introduced the Cabinet’s decision to resume the operations of all levels of educational institutions for the academic year of 2021-2022.
While school operations have been halted for 75 days or 47 percent of the academic year of 2019-2020, the number of school days lost due to COVID-19 disruptions increased to 100-110 days in the next year, which is 62-68 percent of the academic year of 2020-2021. 60 percent of total school days with classroom lessons have been lost in the past two years, highlighted Minister L.Enkh-Amgalan.
Studies have found that 185 thousand schoolchildren were unable to watch tele-lessons due to reasons such as having no access to a reliable source of electricity and internet as well as electronic devices. Furthermore, 470-500 thousand students are estimated to have fallen behind in studies. Thus, the Cabinet came to the decision to resume school operations in phases, with lessons taking place both in-person and online.
The Education Minister then said, “Children aged 4 and 5 will be admitted to kindergartens. Similar to schools, the operations of kindergartens will be allowed to resume, providing both in-person and distance learning from September 1. As for educational institutions in green zones, all lessons will be organized in classrooms.
TVET, colleges, and universities are allowed to resume operations, with classes taking place both in-person and online from September 13. This is due to the general entrance exams scheduled to take place between August 19 and 22. If schoolchildren are unable to take the exams due to the pandemic situation, the general entrance exams will be organized again”.
Currently, 60 percent of the total population of Mongolia have been involved in COVID-19 vaccinations. 90 percent of school and kindergarten teachers are projected to be fully involved in vaccinations by September 1. Furthermore, 60 percent of children aged 12-17 (220 thousand out of 270 thousand children) have been administered with both doses of vaccines.
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Mongolian yokozuna Terunofuji takes Japanese citizenship www.news.mn

Newly promoted sumo grand champion Terunofuji has given up his Mongolian nationality and acquired Japanese citizenship, an official government publication announced today, 4 August 2021.
By becoming a Japanese citizen, the 29-year-old who belongs to the Isegahama stable clears the way to run his own stable of wrestlers in the future.
Terunofuji is the fifth foreign-born yokozuna who switched to Japan after U.S.-born Akebono and Musashimaru, who are both retired. The still-active Hakuho and retired Kakuryu, both from Mongolia, also made the change.
Despite falling short of a third straight championship, Terunofuji was promoted to sumo’s highest rank of yokozuna after he finished the Nagoya Grand Sumo Tournament with a 14-1 record last month.
He suffered injuries to both knees and a health condition but still became the first wrestler to fight his way back to the second-highest rank of ozeki after being demoted as low as fifth-tier jonidan.
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Six types of licenses begin to be granted by Ministry of Finance in electronic form www.montsame.mn

As part of the implementation of the National e-Government Program, the Ministry of Finance has begun granting corresponding special licenses in electronic form.
Currently, the ministry and its affiliate organizations are issuing 12 types of special licenses, one type of permit, three types of licenses. The following six types of special licenses and one type of permit are being issued by the Ministry of Finance:
• Customs Brokers Operation License,
• Lottery license,
• Securities license,
• License to conduct auditing activities,
• Property valuation license,
• License for providing consulting services as a specialized tax advisor as well as the qualified tax advisor permit.
Previously, the aforementioned permits used to be issued by government agencies in accordance with the Law on Licensing for the Operations of Entities. As the licenses are valid for three years, the licenses issued by the Ministry of Finance and its affiliate organizations will be issued only in electronic form in the future.
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Mongolia adds 1,019 new COVID-19 cases www.xinhuanet.com

Aug. 3 (Xinhua) -- Mongolia recorded 1,019 new COVID-19 cases in the past 24 hours, bringing its national tally to 167,229, the country's health ministry said Tuesday.
Meanwhile, four more deaths were reported, taking the countrywide death toll to 854.
A total of 7,195 samples were tested across Mongolia in the past day, and all the latest cases were locally transmitted, the ministry said.
The Asian country 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, 67.2 percent of the country's total population have received their first vaccine dose while over 61 percent have been fully vaccinated.
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S&P reaffirms Mongolia's 'B' ratings with stable outlook www.montsame.mn

S&P Global Ratings announced on Thursday that it has maintained Mongolia's credit rating at 'B' and the outlook at 'stable'.
The following factors led S&P to keep the credit rating and the economic outlook unchanged:
-Mongolia's economy shrank by 5.4 percent in 2020 due to the negative impact of the pandemic. However, thanks to the global economic recovery and rising mineral prices in the international market, the country’s economy growth is expected to reach 6.7 percent in 2021 and 7 percent in 2022.
-Even though the spread of COVID-19 has been increasing in Mongolia since April of this year, the economic recovery will continue as the indicators related to the external sector, state budget and external debt are improving as compared with 2020. The recovery will be driven by factors such as Mongolia's level of vaccination, fiscal spending measures, and growth in mineral exports due to the global economic recovery.
-The level of vaccination in Mongolia is relatively higher than in other developing countries, which reduces the economic uncertainty caused by the pandemic. Two-thirds of Mongolia's population has received a single dose of the vaccine, and more than 60 percent have been fully vaccinated against COVID-19.
-Economic outlook in the medium term will be relatively favorable due to foreign direct investment in the mining sector. Economic growth due to foreign direct investment in the Tavan Tolgoi and Oyu Tolgoi mining projects will average 6.8 percent by 2024. Mongolia's economic growth is projected to be higher in the medium term than other similar countries in terms of GDP per capita.
-The Government of Mongolia has successfully reduced some of its high external debt risk by successfully attracting concessional foreign financing. For example, the share of Mongolia's total external debt in the current account will reach 181 percent in 2020, increasing from the 2019 level, but will decrease to 159 percent in 2021.
-The Bank of Mongolia successfully extended the CNY 15 billion swap agreement with the People's Bank of China in August 2020 until 2023, which has reduced the pressure on foreign exchange reserves.
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Global copper supply at risk as workers vote to strike www.bloomberg.com

A tightening global copper market is facing the real possibility of simultaneous strike disruptions at three mines in Chile, the top producer.
By far the most serious threat to global supplies comes from Escondida, the biggest copper mine in the world, where workers rejected owner BHP Group’s final wage offer in voting last week. Unless the two sides can reach a deal in government-mediated talks this week, the market may be left without production from a project that last year churned out 1.2 million metric tonnes.
Two other smaller mines — Codelco’s Andina and JX Nippon Mining & Metals’ Caserones — are at the same stage in their collective bargaining. That puts upwards of 7% of world production at risk in a particularly sensitive moment in the metal cycle and in Chilean politics.
Labor tensions are intensifying just as trillions of dollars in government stimulus fuel demand for industrial metals. Copper futures have gained over the past two weeks after retreating from an all-time high in May.
THE WINDFALL ENJOYED BY PRODUCERS IS EMBOLDENING MINE WORKERS, WITH HOST NATIONS ALSO LOOKING AT RATCHETING UP TAXES TO HELP RESOLVE INEQUALITIES EXACERBATED BY THE PANDEMIC
On Monday, prices advanced as much as 0.8% to $9,810 a tonne on the LME, and traded at $9,771.50 at 1:37 p.m. in London.
The windfall enjoyed by producers is emboldening mine workers, with host nations also looking at ratcheting up taxes to help resolve inequalities exacerbated by the pandemic. In Chile, that’s all playing out as the nation drafts a new constitution that may lead to tougher rules on water, glaciers, mineral and community rights, with presidential elections in November.
At the same time, companies are striving to keep labor costs in check in a cyclical business and as ore quality deteriorates and input prices start to rise.
In last week’s vote, members rejected BHP’s proposal by an overwhelming 99.5%. Union leaders say the company is dangling large one-time bonuses in exchange for longer hours and new demands in a bid to boost productivity and profit. BHP said its proposal included better conditions and new benefits and that it remains open to dialog.
“We hope that this strong vote will be the decisive wake-up call for BHP to initiate substantive discussions to reach satisfactory agreements, if it wants to avoid a lengthy conflict that could be the costliest in the country’s union history,” the union said.
(By James Attwood, with assistance from Alejandra Salgado)
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APU becomes first Mongolian company with MNT 1 trillion worth of market capitalization www.montsame.mn

APU JSC, listed in ‘Classification I’ of the Mongolian Stock Exchange, became the first Mongolian company with MNT 1 trillion worth of market capitalization in the history of the Mongolian stock market.
The market capitalization of the company's securities reached MNT 1,009,315,777,973.36.
APU JSC's shares, listed on the Mongolian Stock Exchange in 1992, were initially traded on the secondary market on September 11, 1995 for MNT 101.
At the time, the market value was estimated at MNT 75 million, which grew to become MNT 1 trillion 26 years later. “This has been an event that demonstrated efficiency of the stock market not only to its over 9,000 shareholders, but also to the public,” reported the Mongolian Stock Exchange.
Established in 1924, APU JSC is one of the leading beverages producer in Mongolia.
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Japan to provide JPY 883 million as non-refundable aid www.montsame.mn

The Government of Japan has resolved to provide non-refundable aid of JPY 883 million to support Mongolia’s effort to eliminate COVID-19 crisis.
Within the framework of the non-refundable aid, medical equipment for early detection of disease, devices for sequencing mutated genes and cold-chain equipment such as refrigerated vehicles.
The letters of exchange between the two governments regarding the assistance has been signed by Minister of Finance of Mongolia B.Javkhlan and Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia Kobayashi Hiroyuki.
The non-refundable aid will have a significant impact on Mongolia’s effort to fight the pandemic and accelerate its vaccination rollout.
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(UPDATE) MineClosure2021 welcomes Profile Products LLC (USA) as an Exhibitor, group delegation from BHP Australia, South32 (AUS), participants of Kumtor Gold (Kyrgyzstan) and Agreenco Environmental projects (South Africa) www.mongolianbusinessdatabase.com

The new exhibitor Profile Product LLC is based in Buffalo Grove, Illinois manufactures and distributes proven solutions that help you thrive in a competitive environment while enhancing the natural environment of the sites you serve. It’s our mission to consistently help our customers establish sustainable green space through water and soil management and plant establishment.
Visit https://mineclosure2021.com for an agenda of the conference and information in detail.
Contact us via phone: (+976) 99066062, 99119657, Email: mineclosure2021@qmc.mn for inquiries.
The Premium Sponsor: Rio Tinto
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China engages Mongolia in flurry of talks in wake of US envoy Wendy Sherman www.scmp.com

China has been trying to forge closer ties with Mongolia, holding a series of high-level exchanges between Beijing and Ulaanbaatar in recent weeks as US engagement in the region grows.
The latest effort was a foreign ministerial level meeting in Tianjin last Tuesday held at China’s invitation. The meeting came the day after Chinese Foreign Minister Wang Yi met US deputy secretary of state Wendy Sherman, who stopped in Mongolia before meeting Wang.
Mongolia’s foreign ministry said China promised to invest in major mining, energy, agriculture, infrastructure and environment protection projects, with the aim of increasing bilateral trade to US$10 billion.
The two countries also said they would work together on pandemic control and regional security.
“Mongolia fully understands the important concerns China has over sensitive issues. Mongolia will continue with friendly policies with China, and will not participate in any mechanisms that target specific countries,” the Chinese foreign ministry said.
According to the Chinese ministry, Mongolia does not support politicisation of the search for the origins of the coronavirus, will not let any Tibet-related issues affect bilateral relations, and supports China’s hosting of the 2022 Winter Olympics.
The day before Sherman arrived in Mongolia, Chinese President Xi Jinping spoke by phone with Mongolian President Ukhnaagiin Khurelsukh.
Xi said the countries shared an increasing number of common interests, and called for the China-Mongolia relationship to be strengthened by mutual respect for sovereignty and territorial integrity, adding a promise that China would buy more of its neighbour’s products.
Mongolia has called the US its “third neighbour” and “strategic partner”, and vowed to strengthen the “friendly relationship”.
After Sherman’s trip to Mongolia, Chinese Defence Minister Wei Fenghe and his Mongolian counterpart Gursed Saikhanbayar also met in Ulaanbaatar, pledging to work together on regional security.
China offers Mongolia helping hand to fight sandstorm challenge
8 Apr 2021
Chinese experts said Washington’s renewed efforts in the region meant Mongolia would have to balance its relations with the two powers.
Shi Yinhong, a foreign policy scholar from Renmin University, said that while the meeting between the Chinese and Mongolian foreign ministers could be in the interest of diminishing Sherman’s visit to Mongolia, Mongolia had traditionally been more wary of China than of Western countries like the US and Japan.
“Despite its economic ties with China, Mongolia is likely to remain wary, especially in areas of security, the economy and also in culture, religion and language,” Shi said, adding that Mongolia had not been a priority in China’s neighbourhood policies.
According to a document released by former US national security adviser Robert O’Brien this year, Mongolia has strategic significance to the US in advancing the Indo-Pacific region.
Washington wants Mongolia to “demonstrate [its] own success and the benefits [it] has accrued” through upholding democratic values.
Qi Huaigao, professor at the Institute of International Studies at Fudan University, said that while Mongolia was actively building its relationships with its “third neighbour” countries, especially the US, it remained very cautious not to pick a side between China and the US.
“Apart from building relations with its two immediate neighbours China and Russia, Mongolia is promoting a third neighbour policy to strengthen relations with countries and international organisations like the US, EU and Japan, South Korea, to extend its international space,” Qi said, “Mongolia may be a small country, but it has lofty diplomatic ambitions.
“But Mongolia is very cautious. It will not choose sides between China and Russia, and the United States.”
BY: Kinling Lo,
Kinling Lo is a China reporter covering diplomacy and society news for the Post. She joined the team in 2016 as a cadet reporter.
AND
Amber Wang is a reporter for the China desk, and focuses on Chinese politics and diplomacy. She joined the Post in 2021, and previously worked for The New York Times and Southern Metropolis Daily.
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