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    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Fitch Assigns Mongolia's Proposed USD Bond a 'B' Rating www.fitchratings.com

Fitch Ratings - Hong Kong - 21 Jun 2021: Fitch Ratings has assigned Mongolia's (B/Stable) proposed US dollar bonds a 'B' rating.
Proceeds from the proposed bonds will be used to repurchase a portion of the existing bonds maturing in 2022 and 2023 through a cash tender offer.
KEY RATING DRIVERS
The rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.
Fitch affirmed Mongolia's Long-Term Foreign- and Local-Currency IDRs on 25 May 2021.
RATING SENSITIVITIES
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO NEGATIVE RATING ACTION/DOWNGRADE:
- External Finances: Evidence of heightened external stress, for example as a result of restricted access to external financing sources or a marked decline in foreign reserves.
- Public Finances: Failure to reduce the budget deficit and stabilise the government debt/GDP ratio.
- Structural Features: Political instability sufficient to significantly disrupt strategic mining projects or FDI inflows.
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO POSITIVE RATING ACTION/UPGRADE:
- Public Finances: Narrowing of the budget deficit consistent with putting government debt/GDP on a firm downward path.
- External Finances: The accumulation of larger foreign-currency reserve buffers and the implementation of a debt-management strategy that lowers refinancing risks and improves external debt sustainability.
- Macroeconomic: A resumption of stronger economic growth and export trends without the emergence of imbalances, and the maintenance of a favourable business environment conducive to robust FDI inflows.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of three notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit https://www.fitchratings.com/site/re/10111579.
...


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Capacity building training under U.S.-Mongolia Child Protection Compact Partnership organized www.montsame.mn

Ulaanbaatar /MONTSAME/. In the framework of the Child Protection Compact Partnership signed between the governments of the United States of America and Mongolia, the “Child Protection Compact" project has started the implementation by World Vision International and The Asia Foundation Mongolia.
Under the objective of the project to strengthen the capacity of government and civil society organizations to identify and provide comprehensive services to child victims of human trafficking, a capacity building training has been organized in cooperation with Talita Asia and School of Business Administration and Humanity of Mongolian University of Science and Technology. The participants are from Family, Child and Youth Development Authority (FCYDA), Municipal and Bayanzurkh, Bayangol, Songinokhairkhan, Chingeltei and Sukhbaatar districts’ FCYDAs.
The goal of the training is to improve the skills and provide fundamental methodological knowledge on comprehensive services for child victim of trafficking for the purpose of sexual exploitation and forced labor.
Furthermore, in collaboration with Talita Asia, the project will promote long-term protection services for children victims of human trafficking and develop training programs and implement trainings on working with children victims of human trafficking.
In April 2020, the U.S.-Mongolia Child Protection Compact (CPC) Partnership was signed in order to strengthen the efforts of the Mongolian government and civil society to fight all forms of child trafficking in Mongolia.
The U.S. Department of State’s Office to Monitor and Combat Trafficking in Persons (TIP Office) awarded the $5 million (nearly 15 billion MNT) CPC grant through a competitive process to World Vision, which is serving as the lead implementing partner for the CPC.
The Asia Foundation and four Mongolian NGOs – The Gender Equality Center, Talita Asia, Unbound Mongolia, and Beautiful Hearts – are also being engaged as implementing partners under World Vision’s leadership. These organizations are working collaboratively with Ms. L. Nyamgerel, Head of the Task Unit of Crime Prevention and Coordinating Council, and members of the Mongolian National Sub-Council on Trafficking in Persons throughout the four-year partnership.
...


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Securities traded at national stock market increased by 37.5 times www.montsame.mn

According to the National Statistics Office, in the first 5 months of 2021, 340.7 million pieces of securities worth MNT 612.1 billion were traded at the national stock market, increased by MNT 595.8 billion (37.5 times) and 234.1 million pieces of securities (3.2 times), compared to the same period of previous year.
In May 2021, total sales of stocks reached MNT 521.2 billion, decreased by MNT 521.2 billion (97.7%) from the previous month, while it is increased by MNT 8.0 billion (2.8 times) from the same period of previous year. The number of pieces of traded securities reached 28.4 million, which is decreased by 38.2 million pieces (57.3%) from the previous month and decreased by 19.9 million pieces (41.2%) from the same period of previous year.
In May 2021, the average of indices of the top 20 financial markets was 35762.5 units, increased by 411.0 units from the previous month, and increased by 19474.1 units from the same period of 2020.
In May 2021, the total value of joint stock companies operating at stock markets reached MNT 3.7 trillion, decreased by MNT 32.4 billion (0.9%) from previous month while it is increased by MNT 1.3 trillion (52.6%) from the same period of previous year.
Source: National Statistics Office of Mongolia
...


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President Kh.Battulga becomes acquainted with construction work of sports complex www.montsame.mn

On June 20, President of Mongolia Kh.Battulga and Minister of Education and Science L.Enkh-Amgalan became acquainted with the construction progress of the sports complex being built in the capital city’s Khan-Uul district.
More specifically, they became acquainted with the construction of the Winter Sports Complex project being implemented by ‘Steppe Arena’ LLC as well as the sports complex building, where the 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will take place.
In the framework of the projects, construction is underway for a complex consisting of an indoor sports venue with a capacity of 3,500 spectators, a sports complex suited for organizing various sports competitions with a capacity of 2,100 spectators, an aquatics stadium with 10 lanes, a football field, and a technical center.
Despite a slight postponement due to the pandemic, construction works are taking place as normally, introduced the project implementing body.
With the implementation of the aforementioned projects, it becomes possible for Mongolia to hold various international sports tournaments on the regional, continental, and world level. This also creates the opportunity for national sports teams to further enhance their strength and skills, alongside laying out the foundation for developing winter sports in the country.
As youth representatives have also put forth requests for the government to support the sports sector through policy, and establish appropriate corresponding venues and environment for such sports, President Kh.Battulga noted the importance of successfully implementing the projects and requested Minister of Education and Science L.Enkh-Amgalan to provide policy support.
Main construction work completed for Mongolia’s first indoor winter sports venue
The foundation-laying ceremony for the Winter Sports Palace took place on April 14, 2019, with the attendance of President Kh.Battulga. It is the first of such venues that meet the standards of the International Olympic Committee.
Funded independently through the financing of domestic entities, the main construction of the venue has been completed, with interior works and the making of the ice rink underway.
Alongside an Olympic-sized ice rink with a ratio of 60x30 meters, the venue will have over 10 rooms and areas to be used during tournaments and competitions, which includes changing rooms for athletes and referees, a media press area, and a first aid room.
With the establishment of a winter sports palace, it not only lays the foundation to develop winter sports such as professional hockey and figure skating, but also becomes possible to use the venue for various sports competitions, concerts and performances, and conferences.
The project is planned to be completed in July 2021.
Sports complex project running at 60 percent
The 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will be organized in Mongolia under the auspices of the President of Mongolia.
In connection with the decision to organize the international events, construction of the sports complex launched in 2019, and is currently running at 60 percent.
Some buildings and structures of the complex are planned to be put into operation from November 2021, with the project estimated to be completed in 2022.
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Published by Serod Ichinkhorloo 2m 
Securities traded at national stock market increased by 37.5 times
montsame.mn 2021 06 22
According to the National Statistics Office, in the first 5 months of 2021, 340.7 million pieces of securities worth MNT 612.1 billion were traded at the national stock market, increased by MNT 595.8 billion (37.5 times) and 234.1 million pieces of securities (3.2 times), compared to the same period of previous year.…
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ГЕГ: I-V сард 22 мянга 560 суудлын автомашин импортолсон
bloombergtv.mn 2021 06 21
Оны эхний таван сард Монгол Улс 22 мянга 560 нэгж суудлын автомашин импортолсон байна.…
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2020 онд улсын төсвийн орлого 10 их наяд, алдагдал 4 их наяд төгрөг байжээ
gogo.mn 2021 06 21
Улсын Их Хурлын дарга Г.Занданшатарт “Монгол Улсын 2020 оны төсвийн гүйцэтгэл батлах тухай” УИХ-ын тогтоолын төслийг Сангийн сайд Б.Жавхлан өргөн барьсан юм.…
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Тяньжинд гацсан 943 чингэлгийг Замын-Үүд өртөөнд хүлээн авчээ
news.mn 2021 06 21
Зам, тээврийн яамнаас мэдээлснээр, БНХАУ-ын Тяньжин боомтод саатаад байсан манай улсын импортын бараа, бүтээгдэхүүний 3162 чингэлгийн эхний ээлжийн 943 чингэлгийг Замын-Үүд өртөөнд хүлээн авчээ.…
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"Энэ сард 125 тэрбум төгрөгийн ипотекийн зээл олгоно"
ikon.mn 2021 06 21…
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ikon.mn : Next Horizon
IKON.MN
ikon.mn : Next Horizon
The next horizon for the Connected Generation. Мэдээллийн орчин үеийн портал.
 
Get More Messages for Mongolian Business Database
You can add a Messenger button to your post to get more messages for Mongolian Business Database.
 
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Улаанбаатарын төвлөрсөн дулаан хангамжийн системийн ачаалал хүчин чадлаасаа 50%-аар хэтэрчээ
ikon.mn 2021 06 21
Нийслэлийн Засаг даргын зөвлөлийн хурал өнөөдөр цахимаар болж, хэд хэдэн асуудлыг хэлэлцлээ. …
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Манай улс оны эхний таван сард 6.7 тэрбум ширхэг зүү, тариур импортолжээ
ikon.mn 2021 06 21
Бараа нийлүүлэх олон улсын сүлжээний тасралтгүй үйл ажиллагааг хангахад гаалийн байгууллага болон бизнесийн хамтын ажиллагааг чиглүүлэх зорилгоор “Гааль-Бизнесийн түншлэл 2021” цахим форумыг ГЕГ-аас зохион байгуулж байна.…
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“Тавантолгой түлш” компани энэ жил 725 мянган тонн түлш үйлдвэрлэхээр төлөвлөжээ
eagle.mn 2021 06 21
Өвөлжилтийн бэлтгэлийг хангах ажлын хүрээнд Байгаль орчин, аялал жуулчлалын сайд Н.Уртнасан, Эрчим хүчний сайд Н.Тавинбэх нар өнгөрсөн амралтын өдөр “Тавантолгой түлш” ХХК-ийн сайжруулсан шахмал түлшний баруун, зүүн бүсийн үйлдвэрүүд болон нөөцийн талбайн ажилтай танилцжээ.…
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Улаанбуудайн тариалалт төлөвлөсөн хэмжээндээ хүрчээ
eagle.mn 2021 06 21
Энэ онд улсын хэмжээнд 389.3 мянган га-д үр тариа, үүнээс 368.3 мянган га-д улаанбуудай, 17.9 мянган га-д төмс, 9.6 мянган га-д хүнсний ногоо, 66.5 мянган га-д малын тэжээл, 40 мянган га-д тосны ургамал, өссөн дүнгээр 4.3 мянган га-д жимс жимсгэнэ, нийтдээ 527.8 мянган га-д тариалалт хийхээр төлвөлөжээ. Өнөөдрийн байдлаар нийтдээ 536.6 мянган га-д тариалалт хийснээр улсын хэмжээний үр тарианы тариалалт…
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Mongolia reports 2,268 new cases of coronavirus, 11 deaths
akipress.com 2021 06 21
Mongolia reported 2,268 new cases of coronavirus after more than 11,000 tests, the Ministry of Health said on June 21.…
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Capacity building training under U.S.-Mongolia Child Protection Compact Partnership organized
montsame.mn 2021 06 21
Ulaanbaatar /MONTSAME/. In the framework of the Child Protection Compact Partnership signed between the governments of the United States of America and Mongolia, the “Child Protection Compact" project has started the implementation by World Vision International and The Asia Foundation Mongolia. …
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On June 20, President of Mongolia Kh.Battulga and Minister of Education and Science L.Enkh-Amgalan became acquainted with the construction progress of the sports complex being built in the capital city’s Khan-Uul district.
More specifically, they became acquainted with the construction of the Winter Sports Complex project being implemented by ‘Steppe Arena’ LLC as well as the sports complex building, where the 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will take place.
In the framework of the projects, construction is underway for a complex consisting of an indoor sports venue with a capacity of 3,500 spectators, a sports complex suited for organizing various sports competitions with a capacity of 2,100 spectators, an aquatics stadium with 10 lanes, a football field, and a technical center.
Despite a slight postponement due to the pandemic, construction works are taking place as normally, introduced the project implementing body.
With the implementation of the aforementioned projects, it becomes possible for Mongolia to hold various international sports tournaments on the regional, continental, and world level. This also creates the opportunity for national sports teams to further enhance their strength and skills, alongside laying out the foundation for developing winter sports in the country.
As youth representatives have also put forth requests for the government to support the sports sector through policy, and establish appropriate corresponding venues and environment for such sports, President Kh.Battulga noted the importance of successfully implementing the projects and requested Minister of Education and Science L.Enkh-Amgalan to provide policy support.
Main construction work completed for Mongolia’s first indoor winter sports venue
The foundation-laying ceremony for the Winter Sports Palace took place on April 14, 2019, with the attendance of President Kh.Battulga. It is the first of such venues that meet the standards of the International Olympic Committee.
Funded independently through the financing of domestic entities, the main construction of the venue has been completed, with interior works and the making of the ice rink underway.
Alongside an Olympic-sized ice rink with a ratio of 60x30 meters, the venue will have over 10 rooms and areas to be used during tournaments and competitions, which includes changing rooms for athletes and referees, a media press area, and a first aid room.
With the establishment of a winter sports palace, it not only lays the foundation to develop winter sports such as professional hockey and figure skating, but also becomes possible to use the venue for various sports competitions, concerts and performances, and conferences.
The project is planned to be completed in July 2021.
Sports complex project running at 60 percent
The 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will be organized in Mongolia under the auspices of the President of Mongolia.
In connection with the decision to organize the international events, construction of the sports complex launched in 2019, and is currently running at 60 percent.
Some buildings and structures of the complex are planned to be put into operation from November 2021, with the project estimated to be completed in 2022.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
...


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Interview: China's transformation "not possible without the visionary leadership of CPC," says former Malaysian envoy www.xinhuanet.com

KUALA LUMPUR, -"China has made very strong strides in its development and I think China has gone through a very strong transformation, which is not possible without the visionary leadership of the Communist Party of China (CPC)," a former Malaysian ambassador to China has said.

"I think the Party has played its role and brought up China to what it is today, a strong country economically, and has many friends in the world. China's success has contributed to the region and to the world," Abdul Majid Ahmad Khan, who served as Malaysia's ambassador to China in 1998-2005, told Xinhua in a recent interview.

Serving as the president of Malaysia-China Friendship Association now, Majid still works to promote friendship and cooperation between the two countries.

The veteran diplomat noted that China has adopted pragmatic diplomatic policies and "not only contributed economically but also in peace and stability" for the region and the whole world, he said.

"For us in Malaysia and also for the region, we are happy because China's diplomacy has always given priority to the region, to countries in Southeast Asia," he said.

Majid said that with China's development, the world would welcome the country to share its experience and resources.

The Belt and Road Initiative is "very timely," which could bring greater connectivity, he said. "This will facilitate globalization, expedite internationalization and exchanges."

China's successful containment of the COVID-19 pandemic and its early economic recovery also demonstrated the successful leadership of the CPC, said Majid.

The success reflects the discipline and strong enforcement of the Chinese system, he said.

From his own experience in China and his interactions with the Chinese people, Majid said he could feel that the CPC leadership is well appreciated by the Chinese people.

"Speaking to the Chinese people themselves, they are very thankful that the Party has created social stability in China and also for themselves to feel the economic power, which created this self-confidence in China vis-a-vis the world," he said.

The ongoing COVID-19 pandemic, Majid said, has highlighted how the world is a shared community and that global cooperation is essential to overcome such common challenges.

"COVID-19 has shown how a small virus has actually frozen us globally, our movement, our activities, (and) our interaction," said Majid, "so the only way to combat this is through cooperation, through the sharing of common interest, I think that is the way forward."

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Southern Mongolia Ready For Green Development — ADB Dialogue Event www.indiaeducationdiary.in

Manila: The southern region of Mongolia has potential for sustainable growth if investment for green development, renewable energy, and tourism are matched with large infrastructure projects in energy, transport, and extractive sectors, ADB and stakeholders in Mongolia discussed at an event today. They were attending a provincial-level regional conference organized by ADB with the Government of Mongolia to hold a dialogue on rural development challenges and on-site project experiences.
“Capturing operationally relevant knowledge is crucial for our efforts to strengthen sustainable partnership impact in Mongolia,” said ADB Country Director for Mongolia Pavit Ramachandran. “We hope these outreach events will provide an opportunity for our stakeholders to share innovative practices and lessons from project design and implementation so we can replicate successful practices in our future operations.”
The first in a series of four provincial-level regional conferences to be held under the 30th anniversary commemoration of the ADB–Mongolia partnership covered southern provinces—Umnugobi, Dornogobi, Dundgobi, and Gobisumber—and started with virtual site visits to highlighted projects to showcase their positive impact on the economic and social development of the province. Following video visits, high-level representatives of project executing agencies, including the state secretaries of the Ministry of Construction and Urban Development, the Ministry of Food, Agriculture and Light Industry, and the Ministry of Health, commended ADB’s long-standing cooperation, highlighting the timeliness of operations to increase the capacity of social and urban services in the region where the number of residents is steadily increasing.
The second part of the event focused on the region’s sustainable development and the need for ADB’s support. A panel discussion with government representatives highlighted key areas of ADB’s engagement in the region, including trade facilitation, logistics, connectivity, and job creation. Governors of the four provinces discussed development priorities, policies for ensuring socially and environmentally sustainable growth in the region, and ADB’s role in supporting rural development.
The ancient Gobi desert stretches across the southern region, which recently became the center of Mongolia’s mining boom. Large mineral deposits and new mining projects brought increased investment, jobs, and fiscal revenue to the region. The Russia–PRC transport and trade corridor runs through a part of the southern region, making Dornogobi province home to the country’s busiest border crossing point.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
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Erdene poised to drill new Mongolia gold target www.resourceworld.com

Erdene Resource Development Corp. [ERD-TSX; ERDI-MSE] said Friday June 18 it has commenced drilling on the Ulaan target located 350 metres west of the company’s Bayan-Khundii gold deposit in Mongolia.
“We are excited to test the potential of the southern portion of the Ulaan license area following the acquisition of 100% of the property in late 2020,” said Erden President and CEO Peter Akerley.
Erdene shares advanced on the news, rising 2.8% or $0.01 to 37 cents. The shares are currently trading in a 52-week range of 71 cents and 28.5 cents.
The Bayan Khundii mining license covers 2,309 hectares and includes the Bayan Khundii and Altan Nar deposits which are located 16 kilometres apart. Together these deposits comprise the Khundii Gold Project.
An independent feasibility study for the Bayan Khundii Gold project envisions a high-grade open pit mine, producing 63,500 ounces per year at an average grade of 3.71 g/t gold over seven years, using a carbon in pulp processing plant. Production is expected to begin in early 2022.
Erdene holds a 100% interest in the Ulaan license. The northern portion is situated along the western boundary of the Khundii license, while the southern area is approximately 350 metres west of the Bayan Khundi gold deposit, separated by the Khuren Tsav license held by the Mongolian government-owned gold company Erdenes Alt LLC.
Based on Erdene’s drilling near the western Khundii license boundary, satellite imagery, geophysical analysis and surface alteration, the hydrothermal system that hosts the Bayan Khundii gold deposit is expected to extend west, southwest of the Bayan Khundii deposit across the Khuren Tsav license and along the southern boundary of the Ulaan license.
Drilling results along the western boundary of the Khundii license intersected thick sequences of gold mineralization, locally beginning at surface, with the highest grades at 100 to 160 metres depth. Highlight intersections from drilling near the border include 7.0 metres of 18 g/t gold in BKD-220; 5.0 metres of 25 g/t gold in BKD-265, and 28 metres of 2.4 g/t gold in BKD-334. The latter is located to the north and outside the reported resource at Bayan Khundii.
Erdene said it has established a series of drill targets in the southern portion of the Ulaan license. It said initial drilling will be wide spaced, testing targets over an approximately 2.0-kilometre strike length to a maximum depth of 350 metres.
The target area is underlain by the same lithologic units associated with the Bayan Khundii gold deposit.
The Bayan Khundii gold resource includes 521,000 ounces of 3.16 g/t gold in the measured and indicated category and 103,000 ounces of inferred resources at 3.68 g/t gold. Within the measured and indicated resource is a proven and probable open pit reserve of 409,000 ounces at 3.7 g/t gold.
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Mongolia logs 2,400 new COVID-19 cases, 11 more deaths www.xinhuanet.com

June 20 (Xinhua) -- Mongolia reported 2,400 new locally transmitted COVID-19 cases in the last 24 hours after 10,425 tests had been conducted across the country, raising the national caseload to 93,551, the health ministry said on Sunday.
Eleven more fatalities were reported in the past day, bringing the national death toll to 450, the ministry said in a statement, adding that 641 more patients have recovered, taking the total number of recoveries to 63,113.
Among the remaining patients being treated at hospitals, 219 are in critical condition, it said.
The Asian country launched a national vaccination campaign against COVID-19 in late February, with the aim of covering at least 60 percent of its population of 3.3 million.
A total of 1,907,878 Mongolians have so far received their first dose of vaccine with 1,691,679 people having been fully vaccinated, according to the ministry.
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A Stitch in Time: Coronavirus Helps Rescue Dying Art www.globalpressjournal.com

DALANZADGAD, UMNUGOVI PROVINCE, MONGOLIA — Sunlight filters through the window in the corner of Tsetsegdelger Tseveen’s house, where she has set up her studio. Various handicrafts are scattered across her table, including belts and daalin, or snuff bottle pouches, each decorated in elaborate colors, patterns and figures, such as dragons, eagles, lions and tigers.
At 50 years old, Tsetsegdelger has practiced traditional Mongolian embroidery for three decades. In 2017, the Household Services Development Research Association, a prominent nongovernmental organization that works with the garment industry, awarded her the title of master embroiderer, making her the first person in the country to receive this honor.
Producing such intricate work by hand with a needle and thread is laborious and time-consuming. But Tsetsegdelger’s efforts have helped revive the practice of traditional embroidery, an important part of Mongolia’s cultural heritage that for many years was in danger of dying out. In addition to producing and selling her own work, Tsetsegdelger has also taught traditional embroidery to more than 6,000 people in free workshops across the country since 2014.
The coronavirus pandemic has forced Mongolians to explore new ways to generate income and support their families. More and more people are making use of lessons like Tsetsegdelger’s to produce and sell traditional handicrafts — and save a dying art.
Sitting in her studio, between creating her own works and taking orders from customers over the phone, Tsetsegdelger also fields calls from Mongolians who want her advice on how to make a pattern or snuff bag. “Among my disciples, about 360 of them work solely on embroidery to sustain their livelihoods,” she says.
The revival of traditional Mongolian embroidery happened only recently. During the Great Repression, which began in 1922 and peaked between 1937 and 1939, Mongolian authorities backed by Joseph Stalin – the ruler of the Soviet Union, which held enormous influence over Mongolia’s socialist government – killed thousands of Mongolian intellectuals, monks and ordinary citizens who were deemed a threat to the Soviet Union.
The purges involved the looting and burning of invaluable works of Mongolian cultural heritage, some of which were taken to Russia and are now held at the State Hermitage Museum in Saint Petersburg.
By 1980, only a few people in Mongolia still knew the art of traditional embroidery.
In 2005, however, Mongolia joined the UNESCO Convention for the Safeguarding of the Intangible Cultural Heritage. And in 2019, the Mongolian government launched the National Program to Protect the Intangible Cultural Heritage, creating an official registry of traditions and practices to be preserved and designating 102 “heritage bearers,” including traditional embroiderers, who have upheld these art forms.
There are no official figures on how many traditional embroiderers currently practice in Mongolia. But experts like Tsetsegdelger say they have seen interest take off during the pandemic, and there are now many active Facebook groups dedicated to the art form. The main reason that traditional embroidery survives today is not because of government support, but instead because of the efforts of embroiderers like Tsetsegdelger who have worked to sustain the practice.
Tsengelsaikhan Zadi, a top embroiderer who serves as one of Mongolia’s official heritage bearers, has worked to promote the art form since the 1990s and has organized several national embroidery competitions to raise awareness and encourage people to take it up. The lack of knowledge about traditional embroidery in the country continues to astound her.
“Embroidery is the most under-researched intangible cultural heritage of Mongolia,” Tsengelsaikhan says.
In 2019, Gantsetseg Ser-Od, another of the country’s foremost experts in traditional embroidery, began offering free embroidery classes at the Mongolian Art Center for Children’s Creativity in Ulaanbaatar, helping to pass the art form to the next generation. Since then, 170 children have participated in the classes, Gantsetseg says, and the art center shifted to online classes during the pandemic, allowing students to continue learning despite the country’s lockdown restrictions.
“In hindsight, the revival of our intangible cultural heritage on the verge of being forgotten has to do with people starting to take interest in it and consume items decorated with the traditional embroidery,” Gantsetseg says.
The pandemic has provided an added impetus for people to take up traditional embroidery. According to a survey conducted in December by the National Statistics Office of Mongolia, 27% of business owners who participated reported receiving no income during the government-imposed lockdown in November, and 30% of households reported losing at least 60% of their income.
Selling traditional handicrafts has allowed families to supplement their income during this difficult time. Margad Olzvoi, 14, recently took up traditional coin table weaving, a form of embroidery. After she began selling her handicrafts, she made about 200,000 Mongolian togrogs ($70) in two months.
“With the income I made from weaving, I buy mobile data for my online lessons,” she says.
Her brother, Shurenduu Olzvoi, 8, has started learning the art form as well. “I will collect my money to buy a cool phone when I finish the fifth grade,” he says with a smile.
Now, far from being forgotten, traditional embroidery seems more popular than ever. In her studio, Tsetsegdelger deftly threads her needle as she prepares to work.
“Orders,” she says, “are coming in constantly.”
Uranchimeg Tsoghuu is a Global Press Journal reporter based in Mongolia.
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Ceremony takes place to honor military personnel served in Afghanistan www.montsame.mn

On June 17, a ceremony took place at the Sukhbaatar Square to honor the military troops of the Mongolian Armed Forces who served in the Islamic Republic of Afghanistan.
According to the Memorandum of Understanding Concerning Contributions to the United Nations Standby Arrangements signed between Mongolia and the United Nations in 1999, and the Law on participation of Military and Police personnel in the United Nations Peacekeeping Operations and other international operations that was adopted in 2002, the Mongolian Armed Forces began to contribute to the peacekeeping operations carried out in the Islamic Republic of Afghanistan starting from 2003.
The Mongolian Armed Forces sent military personnel to Afghanistan in:
• 2003-2011: deployed 265 officers of mobile training units to prepare artillery units in the framework of the operation, ‘Enduring Freedom’,
• 2009-2015: deployed 1,252 military personnel from the moto shooting battalion,
• 2010-2015: deployed 54 training personnel as well as 439 personnel for the NATO-led International Security Assistance Force (ISAF),
• since 2015: deployed 1,356 personnel for the NATO-led mission Resolute Support Mission (RSM).
A total of about 3,300 military personnel of the Mongolian Armed Forces have served in peacekeeping operations in Afghanistan, with the most recent team of personnel arriving back home on June 4, 2021.
President of Mongolia and Commander-in-Chief of the Mongolian Armed Forces Kh.Battulga attended the ceremony and gave remarks. He said, “For 30 years starting from 1991, Mongolia-U.S. relations and partnership in the defense sector greatly developed in certain areas through measures such as providing support for reforms in the defense sector of Mongolia, capacity building for peacekeeping operations carried out by the Mongolian Armed Forces, sharing practices, and jointly carrying out duties and serving in missions for regional stability.
Partnership between the two countries' military forces have served an important role in protecting the shared values of democracy, freedom, and human rights, deepening the friendly relations between the peoples of the two countries, strengthening military confidence in the region and internationally, and maintaining peace and stability.
Following the signing of the Memorandum of Understanding Concerning Contributions to the United Nations Standby Arrangements in 1999, and the establishment of appropriate legal environment for deploying military personnel for peacekeeping operations in 2002, our military personnel began to serve in the operations from that year on with the deployment of military observers for UN peacekeeping.
As the President of Mongolia and Commander-in-Chief of the Mongolian Armed Forces, I must highlight that the skills, discipline, and organization of the Mongolian Armed Forces personnel have been acknowledged by government leaders, military specialists and personnel of other countries, alongside the contributions that have been made to peacekeeping operations.”
The ceremony was attended by Minister of Defense G.Saikhanbayar, Head of the Office of the President U.Shijir, Security and Defense Advisor to the President L.Bold, Foreign Policy Advisor to the President T.Tegshjargal, Chief of the General Staff of the Mongolian Armed Forces D.Ganzorig, and Ambassador Extraordinary and Plenipotentiary of the United States of America Michael S. Klecheski.
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