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

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Mongolia will provide fuel to the fire of a 3x3 basketball-mad nation by making history at Tokyo 2020 www.olympics.com

Mongolia women’s 3x3 basketball side are the first team to qualify for an Olympic Games from their nation. The whole country, plus the men's side who just missed out on making it to Japan, are ready to roar them on.
The sport of 3x3 basketball has had a stratospheric rise, from street sport to the Olympic Games in just seven years, and Mongolia has been on board for the ride.
The event takes place on half a basketball court, with three on court playing at one time plus a substitute. Each team shoots into a single hoop, with the two points gained from outside the usual three-point line, and one point, inside. The winner is the team with the highest score at the end of the 10-minute period, or the first team to reach 21 points. If the score is tied after 10 minutes, the game goes into overtime with the first team to score two points declared the winner.
The sport is fast and furious and, in non-COVID-19 times, events often have an urban festival feel with DJs, music, dancers and raucous crowds, which is why it is so popular, particularly with the younger generation. In Mongolia it is so popular, a dedicated TV channel plays matches and everything stops when a match is on. Even more so now that the women have qualified a team to Tokyo 2020, in 2021.
The squad of Solongo Bayasgalan, Chimeddolgor Enkhtaivan, Tserenlkham Munkhsaikhan and Khulan Onolbaatar have made history by becoming the first Mongolians to qualify for a team event at an Olympic Games. Previously, only athletes from individual sports competed for Mongolia. A second history-making moment was when Onolbaatar was announced as the first woman flag bearer for her nation at the opening ceremony. She was presented with Mongolia's flag by President Khurelsukh Ukhnaa before heading to Japan.
"Female Mongolian athletes have been performing really strong in international competitions," said Onolbaatar, who went to school in Australia so speaks perfect English. "Becoming the first woman to carry the flag at the Olympics is such an honor. I am just so proud right now."
On taking part in the first team event for Mongolia she told FIBA3x3.basketball, "I'm happy for sure but the biggest emotion is the pride to be Mongolian. I just can't wrap my head around the idea that I am given this huge opportunity on the biggest stage in sports, at the Olympics. It is every athlete’s dream to represent your country on the biggest stage possible".
Onolbaatar made her 3x3 debut in 2017, becoming a household name on the 3x3 scene after leading Mongolia to the quarter-finals of the FIBA 3x3 U23 World Cup 2019, including a memorable buzzer-beating win against Germany.
Special time for Mongolia
The women qualified for Tokyo 2020 via a FIBA 3x3 Olympic Qualifier in Japan in November 2019 and the men's side came close, just missing out on joining their compatriots at the final Olympic qualifying tournament in Hungary in June. Tokyo 2020 spoke to the men's captain, Delgernyam Davaasambuu, prior to that event about the popularity of the sport in Mongolia.
“This year is a very special year for our country because our country normally (don’t qualify in) team sports… it’s the first time in the 3x3,” he said. “Our women’s team can already go to the Olympics. We are first time qualifying Olympics, so we are very happy. Everybody is happy and excited.”
“In Mongolia, it is also exciting because both gender teams are doing well,” said Bat Gotov, the team delegate for 3x3 Mongolia national team, who helped translate some answers, and expand on others. “For example, in Serbia, it’s a good team but it’s only a men’s team. In Mongolia, people are equally as excited about the women’s team playing as the men’s team playing. We also have good representation in all age groups as well – in youth, under 18 and under 23, so it’s more inclusive for both genders for all ages, so this also makes this sport exciting for Mongolians.”
Vast open spaces
The fact that Mongolia have qualified a team at all is testament to their love of the sport. There are little more than three million people in the country, known for its vast, rugged expanses and nomadic culture. Twice the size of Turkey, and with just under half the population living in the capital city of Ulaanbaatar, it has been relatively easy to keep socially distanced during the Coronavirus pandemic, according to Davaasambuu.
“It’s the same for other countries but now it is fine because our country is big – big land and small population, so it’s easy, it’s fine,” said Davaasambuu who trains in the capital but loves to relax by heading back to the wide open spaces and seeing his parents who own more than 200 horses.
“In terms of Corona, of course, it’s impacted everyone, including all sports and of course the Olympics being postponed, and a lot of local and international events have been cancelled but as a country, Mongolia has done relatively well, I believe,” added Gotov.
“Thanks to efforts from government vaccination is progressing quite speedily – I believe as of today, over 85% of the adult population has already had at least one dose of vaccine, and one-third of the adult population is fully vaccinated. Also our Olympic team, including our 3x3 team have received their AstraZeneca vaccines back in April, so it also helps to travel and hopefully the borders will start opening soon for everyone.”
Underdogs
The team are often seen as underdgos, says Onolbaatar, which she feels works to their advantage. "All the other teams don't really take us seriously. I think that part actually made us stronger and sharpened our focus," she said to FIBA . "This summer we have practised a ton and practised relentlessly. I think that's why we are showing some good results." This training has been enabled as the women turned professional after their Olympic qualification.
Gotov agrees with Kulan that the underdog status can be a benefit.
“It’s quite exciting because 3x3 provides an opportunity for the team to travel,” he said, “and for the past three or four years being in different countries all over Europe, Asia and the Americas, a small community of Mongolians are always found somewhere and they always come and show up and express support. Obviously, they love to see a home team play in big events, and matching the grand names like Serbia and Russia and whatever, and small Mongolia is also on the court, so it’s quite exciting for them, for the country.”
The world’s number one urban sport, developed from street basketball until the International Basketball Federation (FIBA) formally adopted the rules ahead of 3x3 basketball’s debut at the 2010 Youth Olympic Games (YOG) in Singapore. It is the first sport to debut at YOG to be included in the Olympic programme, and since 2012 a World Cup for nations, and a World Series for clubs have been implemented. Mongolia are currently ranked eighth in the world for both genders.
History made
Mongolia has competed in every Olympics since their first one at Tokyo 1964 – except Los Angeles 1984 – but have previously only qualified in individual events.
In that first Tokyo Games, 21 Mongolian athletes competed in five sports, going home without any medals. Since then, they have won medals at every Games except Sydney 2000, including two golds, 10 silver and 14 bronze in judo, boxing, shooting and wrestling.
Beijing 2008 was their zenith, when Naidan Tuvshinbayar and Enkhbatyn Badar-Uugan both won gold, in judo and boxing, respectively. Tuvshinbayar just nicked it into the history books as the first Mongolian to stand on top of an Olympic podium, just 10 days ahead of Badar-Uugan.
“Our country’s first gold medal was a great moment,” said Davaasambuu. “In our country (there was) a big celebration; I was a child. It was a great moment. All people were celebrating and (raises his fist) saying ‘We can do it’.”
“It was an interesting moment in Mongolia,” continued Gotov, “because right before the Beijing Olympics we had some elections, a parliament election, in late June and also in July. There was some unrest and dispute and discussion so it was kind of bad blood in Mongolia at that time, and suddenly, one day, when the Olympics gold came the whole of Mongolia became united back again and everybody felt okay… So it’s sometimes interesting that politics divides, and sport unites.”
During Rio 2016, a rather different experience was had by Mongolia. “If you recall, it was some accident with a Mongolian freestyle (wrestler),” said Gotov, “and there were only three seconds left and he started to celebrate on the bronze medal and they gave him a penalty point and he lost. And, obviously, his coach has been upset and protesting and getting naked… so maybe this time it will be different!”
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Mongolian Deputy Foreign Minister, U.S. Deputy Secretary of State hold bilateral meeting www.montsame.mn

United States Deputy Secretary of State Wendy R. Sherman is paying a visit to Mongolia between July 23 and 25.
Today, July 24, Deputy Minister of Foreign Affairs of Mongolia B.Munkhjin received U.S. Deputy Secretary of State Wendy R. Sherman at the Ministry of Foreign Affairs in Ulaanbaatar to exchange views on a broad range of issues concerning Mongolia-U.S. relations and cooperation.
Deputy Foreign Minister Munkhjin underlined that the high-level visit from the U.S., Mongolia’s third neighbor and a strategic partner, is of great significance to strengthening the strategic partnership and friendly ties between Mongolia and the U.S. and is a proof that the two nations are maintaining active cooperation in times of global pandemic.
Deputy Secretary of State Sherman expressed her pleasure with her visit to Mongolia during the time when Mongolia has just successfully organized the presidential election and celebrated its Naadam Festival. She affirmed that the U.S. will continue to support Mongolia in strengthening its democracy and extended thanks to Mongolian troops for serving in the peacekeeping operation in Afghanistan.
The U.S. Deputy Secretary of State also vowed to cooperate with Mongolia on increasing economic and trade partnership and implementing the Mongolian Water Compact and Transparency Agreement.
Also during the meeting, Deputy Foreign Minister Munkhjin put forward a proposal to widen the opportunity for Mongolian youth to study in the U.S. The two sides then shared opinions on world’s coronavirus situation, vaccination as well as regional and international issues of mutual concern.
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Mongolian Foreign Minister to visit China www.news.mn

At the invitation of Chinese State Councilor and Foreign Minister Wang Yi, Mongolian Foreign Minister B.Battsetseg will make an official visit to China from July 22 to 28.
Previously, Minister B.Battsetseg visited the Russian Federation at the invitation of her counterpart, Russian Minister of Foreign Affairs Sergey Lavrov, on 30 May.
China and Russia are the nation’s only countries with land borders; Mongolia is sandwiched between them.
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Russian central bank warns domestic stock exchanges against crypto-related funds www.rt.com

The Central Bank of Russia (CBR) advised domestic stock exchanges not to admit the shares of companies related to cryptocurrencies due to the high volatility, low transparency, and other risks crypto poses.
The regulator emphasized that digital assets carry increased risks for people who do not have sufficient experience and knowledge in the sphere.
“Cryptocurrencies and digital assets are characterized by high volatility, low transparency of pricing mechanisms, low liquidity, technological, regulatory and other specific risks. Purchase of investment products tied to them exposes people who lack experience and professional knowledge to a high risk of losing money,” the CBR stated in a notice published on Thursday.
It advised stock exchange operators against listing any securities, such as exchange-traded funds, that provide payments based on the prices of cryptocurrencies, digital assets issued abroad, cryptocurrency price indexes, crypto derivatives, and securities issued by cryptocurrency-related funds. Asset managers have been urged to exclude such assets from mutual fund portfolios, while brokers and trustees were not to offer them to nonqualified investors.
“The recommendations are a preventive measure – they are aimed at preventing the offer of such instruments to a mass investor,” the regulator said.
Restrictions do not apply to national digital currencies, if issued, or digital assets issued in accordance with the Russian legislation covering the crypto and registered with the CBR.
Russia passed a law regulating digital assets in June 2020, with the CBR announcing plans to study the risks of investing in cryptocurrencies. On June 21, the CBR governor Elvira Nabiullina recommended against investing in cryptocurrencies, dubbing crypto assets the most dangerous economic strategy.
Earlier, regulations were also added banning Russian public officials from owning crypto assets and obliging election candidates to report their crypto holdings.
Nonetheless, cryptocurrencies, especially bitcoin, have been used for fundraising by Russia’s civil and political activists and independent journalists, CoinDesk reports.
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Brakes and controls for underground conveying system in Mongolia www.australianmining.com.au

SUR Engineering relies on German manufacturer Dellner Bubenzer to service the mining industry with brake systems and monitoring technology.
Dellner Bubenzer recently supplied brakes for three 7100 tonnes per hour conveying systems, each with an installed power of two 5500 kW gearless drives, for a copper mine in Mongolia.
The scope of supply was including floating calliper brakes SFR50, brake discs, hydraulic power units, UPS, BCC3000 closed loop control systems as well as the complete encoder technology.
The main parameters of the brake like pad wear, stroke (air gap) and brake pad temperature are continuously monitored.
The brakes stop the conveyor within 10 seconds in loaded or unloaded condition. Depending on the parameter, like load, speed etc., the HPU and control unit provide different braking levels and scenarios.
The controlled braking process minimises the conveyor belt tension and reduces stresses in the connected equipment. The system is also able to perform the pre-programmed ramps and stopping curves after a power outage.
Redundant controls and HPUs guarantee highest system availability. The environmental conditions need a compact set-up of the brake units. The spring applied, hydraulically released, fail-safe brakes are able to equalise axial movement of the connected shafts.
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The BCM elects new board of directors www.bcmongolia.org

ULAANBAATAR, Mongolia – The Business Council of Mongolia (BCM) held the election for its Board of Directors on 5 July 2021 in accordance with the association Charter.
In 2021-2022, the BCM will strengthen its commitment to deliver value to the public and its members by advocating economic freedom and property rights provided by the Constitution of Mongolia and by protecting and promoting common lawful interests of its members for a fair, stable, and internationally competitive business environment.
The following 15 members were elected to serve in the BCM Board for a period of two years starting in 2021.
Khenchbish AMARJARGAL, Country Director-Mongolia, Rio Tinto
Badan BATBAATAR, Executive Director, Sharyn Gol JSC
Batsuren BATTUSHIG, Partner, DB&GTS LLP
Magvan BOLD, Chief Executive Officer, Mongolia Green Finance Corporation
Bayanjargal BYAMBASAIKHAN, Managing Partner, NovaTerra
Sengee ENKH-AMGALAN, Director, Mergen Investments
Dashdavaa HULAN, Co-Founder & Executive Vice President, Tavan Bogd Group
Dugar JARGALSAIKHAN, Chairman, Gund Investment
Raldolph KOPPA, Executive Vice Chairman, Trade and Development Bank
JON LYONS, Vice President of Regulatory Affairs and Strategy, Erdene Resource Development Corp.
Enkhtsetseg ORCHLON, Executive Board Director, Newcom Group
Richard SAWYER, Country Director – Mongolia, Naran Mandal
Armando TORRES, Chief Executive Officer, Oyu Tolgoi
Tsevegmid TUMENTSOGT, Chief Executive Officer, Erdenes Oyu Tolgoi
Neil YOUNG, Managing Director, Elixir Energy Ltd
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Mongolia registers 1,309 new COVID-19 cases www.xinhuanet.com

July 22 (Xinhua) -- Mongolia on Thursday reported 1,309 new locally transmitted COVID-19 infections over the past 24 hours, pushing the national tally to 152,539, the country's health ministry said.
Meanwhile, six more deaths and 2,997 recoveries were reported in the past day, bringing the national counts to 782 and 144,245, respectively.
The Asian country launched a national COVID-19 vaccination campaign in late February, aiming to cover at least 60 percent of its population of 3.3 million.
Nearly 58 percent of residents have been fully vaccinated.
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Vaccine efficacy in Mongolia – data published www.news.mn

The National Statistical Office (NSO) of Mongolia reported yesterday (22 July), the results of a survey on the vaccination situation in the country.
As of 5 July, 35.5 percent of all reported Covid-19 in the country, were people who had been vaccinated. The report reveals that 27.9 of those confirmed with coronavirus were fully vaccinated whilst 7.6 percent of them have received the first doses; the remaining 64.5 percent were unvaccinated.
The study indicates that 81.4 percent of the Mongolian population aged above 15 has been fully vaccinated. The NSO document also reveals that seven in ten people in Mongolia get Covid-19 vaccine made by China’s Sinopharm. However, only 1.9 percent of those vaccinated with Verocell vaccine by Sinopharm contracted coronavirus; this can be contrasted with the efficacy rates of 2.4 percent with Sputnik-V, 3.5 percent with AstraZeneca, 6.8 percent with Covishield and 0.9 percent with Pfizer.
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5.2-magnitude earthquake hits northern Mongolia www.xinhuanet.com

July 22 (Xinhua) -- An earthquake with a magnitude of 5.2 hit northern Mongolia on Thursday morning, according the country's Institute of Astronomy and Geophysics.
The quake happened about 49 km south of Yeruu soum (administrative subdivision) of the northern Mongolian province of Selenge at around 9:12 a.m. local time (0112 GMT), the institute said in a statement.
The quake was strongly felt across Selenge and other areas, including the capital city Ulan Bator and provinces of Darkhan-Uul, Orkhon and Tuv.
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Russia inks $1.2 billion-worth of military contracts at MAKS 2021 Air Show www.rt.com

Russia’s state arms exporter Rosoboronexport signed 13 contracts totaling $1.2 billion on the sidelines of the MAKS 2021 international air show, the company’s CEO Alexander Mikheyev told reporters.
“Rosoboronexport used the MAKS 2021 potential to its maximum," Mikheyev said.
The list of deals includes orders for the Sukhoi Su-30 fighter jet, the Mi-35M and Mi-17B5 helicopters, Protivnik-GE radars, Verba surface-to-air missile (SAM) MANPADS and a variety of modern air defense weapons and armored vehicles.
According to Mikheyev, the company used the air show to demonstrate its most advanced models of aircraft, helicopters, anti-aircraft and electronic warfare equipment, to more than 30 delegations from 20 countries, mostly from the Asia-Pacific region, the Middle East, Africa and the Commonwealth of Independent States (CIS).
“During negotiations at MAKS 2021, the company's foreign partners showed interest in purchasing MiG-35D and Su-30SME fighters, Il-76MD-90A (E) military transport aircraft, Il-78MK-90A tanker aircraft, the Mi 28NE, Ka-52 , Mi-171Sh and Ka-226T helicopters, as well as air defense systems, including the Pantsir-S1 air defense missile system,” he specified.
Mikheyev also noted that international partners showed interest in Russia’s newest supersonic stealth fighter Checkmate, which was unveiled at MAKS-2021.
“A number of partners saw it live and were even given the opportunity to sit in the cockpit, and were highly impressed,” the CEO recalled.
The single-engine supersonic stealth fighter Checkmate is scheduled for its first test flight in 2023, with further prototypes being produced through 2025 and serial production set to launch in 2026.
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