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

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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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Cabinet meeting reviews COVID-19 situation in Mongolia www.montsame.mn

At the cabinet’s irregular meeting dated July 20, Tuesday, Deputy Prime Minister S.Amarsaikhan delivered a presentation on the current state of coronavirus infections and measures underway in Mongolia.
As of July 19, 64.8 percent of around 3.2 million total population of Mongolia has received the first dose of vaccines against COVID-19 and 56.6 percent has gotten the second jab.
The State Emergency Commission has allowed the normal operations of a total of 2,510 business enterprises and individuals, including hotels, resorts, tourist camps, some types of bars and night clubs, restaurants, saunas and gyms, etc, by establishing responsibly agreements with them that requires strict compliance with COVID-19 prevention guidelines.
Studies have been underway on different variants of COVID-19 and it was reported at the meeting that an imported case of the Delta variant of coronavirus was detected in Mongolia in May 2021, with the patient taken under isolation and was treated.
Minister of Health S.Enkhbold informed that two of 13 samples that had been sent to the Columbia University under the research by the Ministry of Health, National Center for Communicable Diseases and Onom Foundation were Delta variants. Also, another one sample tested at the local Intermed Hospital early July was found with Delta variant. However, the Health Minister highlighted at the meeting that the aforementioned samples’ testing is not all completed for approval yet.
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MNT 3 trillion loaned as part of MNT 10 trillion Plan for Health Protection and Economic Recovery www.montsame.mn

At the Cabinet’s regular meeting on July 20, Minister of Finance B.Javkhlan gave a progress report on the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’.
As of July 19, loans totaling MNT 3 trillion 183.5 billion have been issued as part of the plan that was launched in March, saving 204,209 jobs.
Exports have increased by 4.4 percent compared the same period of 2019 and by 45.1 percent compared to the same period of 2020. In imports, there has been a 8.5 percent increase compared to the same period of 2019 and 29.6 percent increase compared to the same period of 2020.
At the cabinet meeting, the Prime minister gave instructions to the ministers to set up working groups to support the economy during the pandemic and make preparations for fall and draft export and housing support laws.
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‘Sustainable Resilient Ecosystem and Agriculture Management in Mongolia’ project to be implemented with EUR 4.2 mln from EU www.montsame.mn

Minister of Environment and Tourism N.Urtnasan and Resident Representative of the United Nations Food and Agriculture Organization (FAO) in Mongolia Vinod Ahuja discussed the ‘Sustainable Resilient Ecosystem and Agriculture Management in Mongolia’ (STREAM) project to be co-implemented by the sides with funding support from the European Union.
The EUR 4.2 million project aims at increasing the capacity of Mongolian communities to implement innovative and sustainable long-term landscape management to address food system challenges and climate stresses and to achieve its objective, the STREAM project will work in two fields of action.
FAO will focus its support on mainstreaming climate change adaptation into the agricultural landscape management to increase agricultural productivity, sustainability and value addition using EUR 1.65 million. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH will concentrate its support on improving capacity for sustainable landscape management of forest resources and conservation of biodiversity using EUR 2.6 million.
On the local level, the project will be implemented in Umnudelger, Binder, and Bayan-Adarga soums of Khentii aimag and Yeruu, Mandal, and Javkhlant soums of Selenge aimag over a three-year period from May 2021 until April 2024.
Underlining that increased focus is placed on the project’s effectiveness, Minister N.Urtnasan made proposals to improve sustainable forest management, provide modern equipment, and increase the household incomes of the locals; cooperate in increasing the forest fund and providing funding for forestation; record the project expenditures; have the Ministry of Food, Agriculture and Light Industry take part in the signing of the project agreement; and not to spend the project funds on studies as there have been a lot of assessments and studies on forest resources and forest managements standard update.
Expressing support for the Minister’s proposals, FAO Resident Representative Vinod Ahuja agreed to have another meeting with the Minister regarding the matter. He also voiced his appreciation of her focusing on forest restoration greatly and made a request to jointly mark the National Tree-planting Day in October as the UN General Assembly has declared 2021 as the International Year of Fruits and Vegetables.
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Bitcoin falls below $30,000 as Delta variant fears spread globally www.cnn.com

New Delhi (CNN Business)Bitcoin fell below $30,000 again as investors worldwide fret about the Delta variant and what it means for the next stage of the coronavirus pandemic.
The cryptocurrency is down roughly 6% over the last 24 hours, according to Coindesk. Other cryptocurrencies also fell: Ethereum is down about 7%, while dogecoin, the crypto that started as a meme currency, also slid nearly 7%.
Bitcoin was last trading at about $29,800 per coin on Tuesday, its lowest level since last month.
The fall comes after Wall Street was hit hard Monday by anxiety over the recent spread of Covid-19 and the threat it poses to the economic recovery. The Dow Jones Industrial Average (INDU) plummeted about 725 points, a drop of 2.1%. The S&P 500 (SPX) ended the day down 1.6% and the Nasdaq (COMP) was 1.1% lower.
Asian markets followed the skid on Tuesday, with Japan's Nikkei 225 (N225) falling nearly 1%. Hong Kong's Hang Seng Index (HSI) tumbled 0.8%. South Korea's Kospi (KOSPI) slumped 0.4%, while China's Shanghai Composite (SHCOMP) was flat.
"Bitcoin is the ultimate risky asset right now and it could see intense selling pressure if Wall Street enters into panic selling mode," wrote Edward Moya, senior market analyst for the Americas at Oanda, in a Monday research note.
Bitcoin and other cryptos have had a tough year, having been gripped by extreme volatility in recent months. In June, bitcoin (XBT) plunged below $30,000 for the first time since late January.
The latest drop came as investors worried about the impact of the Delta variant on the reopening of the global economy. Shares in airlines, cruise lines and energy stocks all took a dive in the United States on Monday. Long-term bond rates continued to slide as well, a sign that fixed income investors are now far more worried about a Delta variant-induced economic slowdown than they are about rising inflation fears.
European and US stocks were posed for a little bit of a rebound on Tuesday, though. Major indexes in Europe were up in early morning trade, with the FTSE 100 (UKX) in London France's CAC 40 (CAC40) each gaining about 1%.
US stock futures also edged higher. Dow futures were last up about 0.7%, while futures for the S&P 500 and the Nasdaq were up about 0.6% and 0.5%, respectively.
-- Paul R. La Monica and Robert North contributed to this report.
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Global oil prices drop below $70 as OPEC+ reaches deal on output boost www.rt.com

Major global crude benchmarks Brent and WTI continued to trade below $70 per barrel on Tuesday after the Organization of the Petroleum Exporting countries (OPEC) and allies reached a deal to raise oil production.
US crude benchmark WTI fell nearly 8% and closed around $66 a barrel on Monday, marking the biggest one-day decline since September 2020. It now stands 13% below its peak high in over six years of $77 a barrel, reached in July.
Monday’s trading also saw international benchmark Brent crude plunging nearly 7% and settling below $69 a barrel.
Oil prices dropped after OPEC+ reached an agreement on boosting oil production by 400,000 barrels a day each month starting in August amid increasing global demand. The deal was initially stalled by the United Arab Emirates when it demanded the cartel increase its baseline production quota, which is now to be raised.
OPEC+ nations are set to boost output gradually through September 2022, by which point oil production is supposed to settle back at pre-Covid-19 levels. The group is currently withholding some 6 million barrels of crude a day out of the 10 million barrels that were cut from the market during the worst of the pandemic.
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World's best airlines for 2021, ranked by AirlineRatings.com www.cnn.com

(CNN) — It's been a strange year for the aviation industry, with many airlines grounding aircraft for significant chunks of 2020.
But as air travel returns in some regions, AirlineRatings.com has released its annual round-up of the world's best carriers, ready to help fliers decide which airline to choose for their return to the skies.
The Australia-based aviation safety and product rating agency compiles its Airline Excellence Awards based on criteria including age of fleet, passenger reviews and product offerings. This year, the team of global editors threw airlines' Covid-19 responses into the mix too.
And so for 2021, there's a new entry at number one: Qatar Airways jumped up the rankings to nab the top spot, beating out previous winner Air New Zealand -- which has topped the list six times over the past several years and this year came in at number two.
Geoffrey Thomas, editor-in-chief of AirlineRatings.com tells CNN Travel it was Qatar Airways' response to the pandemic that sealed the deal.
"Qatar Airways has always figured highly in our rankings, winning various awards such as Best Business Class but it was the airline's commitment to keeping its route network largely open that attracted the judges' praise -- and votes," says Thomas.
Thomas also points to the airline's repatriation flights, and its commitment to making the pandemic flying experience as safe as possible.
AirlineRatings.com usually announces its top airlines in November, in anticipation of the year ahead. The pandemic forced the aviation safety and product rating agency to switch things up.
"We pushed the 2021 announcement into the 2021 year due to the chaos of Covid and we wanted to see how the industry would handle the pandemic over a longer period of time before making selections," explains Thomas.
Usually, profitability is one of the key factors assessed by judges as they rank the top airlines, but because of the steep financial impact of Covid-19 on the aviation industry, finances weren't taken into consideration this year.
"We had to drop that this year because virtually all airlines are losing money," says Thomas.
Airline-Ratings-Best-Airlines-2021 (2)
Last year's winner, Air New Zealand, is number two on this year's list.
Joining Qatar Airways and Air New Zealand in this year's top five is Singapore Airlines at number three. Singapore Airlines previously won best airline back in 2019.
Number four on AirlineRatings.com list is Qantas. The Aussie airline was separately ranked the world's safest airline by AirlineRatings earlier this year.
At number five is Dubai-based Emirates.
As well as the top 20 ranking, AirlineRatings.com also gave out additional awards for airline offerings -- including for best first class (Singapore Airlines), best cabin crew (Virgin Australia) and best airport lounges (Qantas).
Meanwhile, budget carrier EasyJet won the best low-cost airline award for Europe, while Jetstar won in Asia/Pacific and Southwest won in the Americas.
Related content
The Covid travel checklist: What to know before you go
AirlineRatings.com's top 20 airlines for 2021
1. Qatar Airways
2. Air New Zealand
3. Singapore Airlines
4. Qantas
5. Emirates
6. Cathay Pacific
7. Virgin Atlantic
8. United Airlines
9. EVA Air
10. British Airways
11. Lufthansa
12. ANA
13. Finnair
14. Japan Air Lines
15. KLM
16. Hawaiian Airlines
17. Alaska Airlines
18. Virgin Australia
19. Delta Air Lines
20. Etihad Airways
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COVID-19: 1,309 new cases, 5 deaths reported www.montsame.mn

1,309 new cases of COVID-19 were detected from tests processed nationwide in the past 24 hours.
523 of the new cases were recorded in Ulaanbaatar city and 786 in rural areas.
149,733 COVID-19 cases have so far been recorded in the country. In the past 24 hours, 3,501 people recovered, which brings the total number of recoveries to 137,602. 9,941 people are currently receiving hospital treatment for COVID-19 and 13,164 people with mild cases of COVID-19 are being isolated at home.
Five people died from COVID-19 in the past 24 hours, which brings the COVID-19 death toll to 745.
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The China-Australia trade war is hurting Mongolia’s environment www.supchina.com

In October, customs officials in China began rejecting shipments of coking coal from Australia. Beijing claimed the turnbacks were due to “environmental quality” concerns, but the act was largely viewed within the context of the ongoing diplomatic spat between the countries.
It proved to be bad news for both economies. Overnight, Australian coal operators lost access to one of their most lucrative export markets, worth $10.4 billion the previous year. In the months that followed, soaring electricity prices left much of China’s southeast without heating or electricity.
While the decision hurt both Australia and China, many third parties benefited, as they stepped in to plug China’s coal shortfall. Countries as far afield as Colombia and South Africa scrambled to send coal to the mainland; more established partners, including Indonesia, Russia, Canada, and the United States, also upped existing shipments dramatically. But with China’s northern steelmaking hubs crying out for coking coal, Beijing couldn’t afford to wait a month or more for shipments to round the Indian Ocean — and so, it turned to Mongolia as a band-aid solution to short-term demand.
For reasons that remain unclear, this “band-aid solution” has continued well into 2021. In March, Mongolian coal exports to China were up by 4,270.5% compared to the previous year. It’s a volte-face from 2019, when Mongolian government policy was squarely aimed at breaking the country’s addiction to coal. With as many as 1,000 trucks heading for China on a daily basis, it seems the Mongolian administration is now committed to the opposite.
Since China began freezing out Australian supplies, the coal business has boomed. The Mongolia Energy Corporation recently announced last month that it has doubled its profits year-on-year, and the Mongolian Mining Corporation similarly announced it doubled its coal export volume across the second half of 2020. Investor confidence was so high that even an Australian-owned venture stood to reap the rewards — Aspire Mining Ltd, which mines entirely within Mongolia, shot up twofold on the Australian Stock Exchange (ASX).
Few in Mongolia, though, are celebrating this development. The nation’s capital, Ulaanbaatar, consistently ranks atop lists of the world’s most polluted cities, and since last October, coal mines perched on the city’s fringes have been kicking up much more chemical and dust pollution than usual.
“To give you an idea of the scale of the issue,” says Ankhbayar Ganbold, country director (Mongolia) at the Nature Conservancy, “Baganuur Coal Mine, which sits within the city limits, produced 4,600 tons of CO2 in December 2019. Across the same month last year, it churned out as much as 18,400 tonnes.”
“The other coal mine within Ulaanbaatar’s nine düüregs, or districts, is Nalaikh — which, at least officially, ceased operations in the 1990s. Since early December, it’s been up and running again. In fact, it’s now the primary local contributor of CO2 emissions and particulate matter (PM) 2.5.”
In the summertime, air quality in Ulaanbaatar often hovers around levels deemed safe, per WHO guidelines. But in the winter, when temperatures regularly drop below minus-40°C, it averages a pollution level 27 times worse than the safety benchmark. Little wonder then that, in October, air quality in Ulaanbaatar again ranked as the worst in the world.
The competition for the list, in 2020, wasn’t all that stiff — lockdowns and reduced transport activity due to COVID-19 saw skies clear over some of the world’s most polluted cities. But “this just hasn’t been the case for Ulaanbaatar,” says Dmitri Sokov, head of international development at the Mongolia Nature and Environment Consortium. “In fact, thanks to the increase in coal exports, it’s been an atypically poor year in terms of air quality — PM 2.5 levels were up 132% across the winter period.”
Much like Beijing, Ulaanbaatar sits at the bottom of a valley, which traps smog beneath a blanket of warm air. And there’s plenty of smog around to get trapped, since residents of the city’s “ger” districts, who live in yurt tents without access to electricity, have traditionally had to burn sacks of cheap coal in order to cook and stay warm. On average, a ger household burns three tons of raw coal per year.
Hugalu Altan, a textile worker who lives in the western Tolgoit district, recently told SupChina that the past winter was noticeably worse than those in previous years. “It’s horrible living here, particularly this year,” he said. “On cold mornings, I watch the gray smoke roll out toward the hills. That’s why many of the young people like to move away…but this year, they’re stuck.”
Local politicians have been promising for years to fix the issue. They claim that a ban on raw coal — and subsidy on refined coal briquettes — saw a 60% reduction in pollution in 2019. But those gains haven’t carried over to 2021, according to Hugalu. “No one could afford to buy even the cheap [illegal] coal this year,” he said, amid city-wide lockdowns. “So instead they burnt trash.”
In a sense, he’s luckier than others. Living and working on the city’s western fringes, Hugalu is tucked far away from the coal-fired electric plants which ring the east. Many of these, says Sokov, have also benefited from excess coal destined for China. “It’s been a dramatic increase, so it’s natural that there is going to be some degree of internal transfer. I think this is, in part, why we are seeing levels of pollution this year that don’t quite tally with the picture from the last two.”
“It’s a three-pronged problem,” he says, “but the government focuses only on restricting domestic usage, while letting industry run rampant.”
BY: Sandy Milne is a journalist based in Perth, Australia. He has reported and written features for BBC Global, the SBS, Wired, Nikkei Asia, and Crikey.
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Copper price falls amid covid-19 worries www.mining.com

The copper price fell on Monday as the dollar hovered near its highest levels in months, making greenback-priced metals more expensive and less appealing to holders of other currencies.
Daily new coronavirus infections have been surging from the United States and Europe to Asia due to the spread of the Delta variant, making investors nervous about the global economic recovery and putting money into safe haven assets.
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Copper for delivery in September fell 2.7% from Friday’s settlement price, touching $4.204 per pound ($9,248 per tonne) midday Monday on the Comex market in New York.
Chinese reserves
China will strengthen commodity price monitoring and continue to release copper, aluminum, and zinc from its state reserves in batches, the National Development and Reform Commission (NDRC) said on Monday.
The state planner sold 20,000 tonnes of copper, 50,000 tonnes of aluminum, and 30,000 tonnes of zinc from its reserves on July 5.
More than 200 non-ferrous fabricators attended the bidding, with sales prices about 3-9% lower than market price that day, the NDRC spokesman Yuan Da said at a press briefing.
“The release initially achieved the expected goal … targeted placement granted downstream fabricators an opportunity to replenish stocks and lower some companies’ raw material costs,” Yuan said.
The NDRC also pledged to keep reinforcing supervision of the futures and spot market and strictly crack down on irregularities such as hoarding, it said.
(With files from Reuters)
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PM to pay visit to Japan www.montsame.mn

Prime Minister of Mongolia L.Oyun-Erdene will pay a working visit to Japan on July 21-25 and attend the opening ceremony of the Tokyo Summer Olympic Games.
This will be the first working visit of Prime Minister L.Oyun-Erdene abroad since assuming his office. The visit seeks to reaffirm that the development of relations and cooperation with Japan is one of the top priorities of Mongolia’s foreign policy and is of great significance in determining the direction of future cooperation.
During the visit, Prime Minister L.Oyun-Erdene is set to hold an official meeting with Prime Minister of Japan Yoshihide Suga and exchange views on a wide range of issues of bilateral relations and international and regional cooperation. Discussions are also planned to be held between the two Prime Ministers regarding the major projects and cooperation in the short and medium term.
Moreover, the Prime Minister will also hold meetings with the representatives of the ruling Liberal Democratic Party of Japan and the Friendship Group in the Japanese Parliament.
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