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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Total foreign trade turnover reaches USD 3.5 billion www.montsame.mn

In the first quarter of 2021, Mongolia traded with 121 countries from all over the world, and the total trade turnover reached USD 3.5 billion, of which USD 2.0 billion were exports and USD 1.5 billion were imports.
The total foreign trade turnover increased by USD 1.3 billion (60.4%), of which exports increased by USD 964.6 million (93.1%) and imports increased by USD 362.1 million (31.2%) compared to the same period of the previous year.
In March 2021, exports and imports reached USD 665.8 million and USD 601,4 million respectively. Compared to the previous month, exports decreased by USD 28.8 million (4.1%) and imports increased by USD 138 million (29.8%).
Bituminous coal and copper concentrates accounted for 34.3% and 33.6% of total exports to China. Bituminous coal accounted for 96.6% of goods exported to Singapore, while fluorspar accounted for 41.1% of total export to Russia.
In the first quarter of 2021, USD 964.6 million increase in exports from the previous year was resulted from MNT 269.9 million increase in copper concentrates exports and USD 439.4 million increase in coal exports. Export decreased by USD 28.8 million from the previous month, mainly due to a decrease of USD 25.9 million decrease in copper concentrate exports.
National Statistics Office
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742 new coronavirus cases reported, total stands at 18,565 www.montsame.mn

Today’s daily COVID-19 press briefing by the Ministry of Health reported that 742 new coronavirus cases were detected in the past 24 hours nationwide after PCR tests were carried out on a total of 10,666 people.
In specific, 654 newly cases were confirmed in Ulaanbaatar city and 88 cases were detected in rural regions, including Darkhan-Uul, Orkhon, Erdenet, Uvs, Khovd, Khuvsgul, Arkhangai, Selenge, Zavkhan, Tuv, Choir, Dundgobi, Sukhbaatar and Khentii aimags.
As a result, the nationwide infection tally is now 18,565, with the cases registered in the capital city reached 15,739.
In the last 24 hours, 385 coronavirus patients were recovered and discharged from hospital, making the number of COVID-19 recoveries 10,638. As of April 6, a total of 2,978 coronavirus patients are being treated at hospitals in Ulaanbaatar city and in the rural aimags.
The National Center for Communicable Diseases also reported two new COVID-19 related deaths, raising the country's death toll to 31. A 69-year old woman and a 72-year old man were the two COVID-19 casualties.
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Mongolia supplying 45 percent of unprocessed cashmere in global market www.montsame.mn

In 2021, Mongolia is estimated to prepare about 9,700 tons of cashmere. As 60-70 percent of total cashmere goes through primary processing before being exported, a special focus is being given on reducing the export of low-level processed goods and increasing the production and export of value-added products.
Despite supplying 45 percent of the unprocessed cashmere in the global market, products with the label ‘Made in Mongolia’ currently take about 10 percent of cashmere products in the market. The label is aimed to promote the features of Mongolian cashmere to the global market, increase its value and competitiveness, and increase the income of not only manufacturers but also local herders through the production of value-added final products.
As of December 2020, the amount of cashmere for export reached USD 243.5 million. Of the total cashmere, 76 percent were washed and 7 percent were processed, while 17 percent were final products.
About the ‘Mongolian Noble Fibre’ certification mark:
To guarantee the product quality for consumers, to increase the value of Mongolian wool and cashmere products and certify them, the Mongolian Noble Fibre certification mark was created which:
• defines the advantages of fibre sourced from Mongolia,
• guarantees that the fibre meets required standards,
• guarantees quality assessment in all stages starting from preparation of commodities to manufacturing of final products,
• as well as the introduction of environment and livestock-friendly practices in production.
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Loans worth MNT 525 billion issued for job promotion www.montsame.mn

At the regular meeting, the Cabinet members heard a report on the implementation process of the MNT10 trillion comprehensive plan for health protection and economic recovery.
Within a purpose to support employment, up to MNT 2 trillion loan with annual 3 percent interest and 3-year term is being issued to small and medium enterprises and individuals. As of April 12, the loan issuance is running at 26.3 percent and MNT 525.6 billion of loans were issued to 7,356 borrowers out of receiving 34.2 thousand loan requests of MNT 4,292.9 billion in total.
Of the 7,356 borrowers, 1,146 are entities and 6,210 are individuals. 12,049 loan requests for the remaining MNT 1,856.9 billion are under study while 7,882 loan requests have been denied. The average amount of loans - for individuals was MNT 37.4 million and entities - MNT 256.1 million.
Within the frame of long-term repo financing by the Bank of Mongolia, 1,557 borrowers have received financing of MNT 246 billion in total while 2,982 borrowers have received MNT 222.1 billion in the mortgage.
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Robert Friedland: Copper is a national security issue www.mining.com

Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate Robert Friedland.
Mining companies will have to be “real heroes” and governments will have to accept the industry if the world is to successfully transition to clean energy and transport, said Friedland, founder and co-chairman of Ivanhoe Mines Ltd., which explores and develops mines in Africa.
SIGN UP FOR THE COPPER DIGEST
The world is yet to grasp the scale of disruption in replacing fossil fuels, with most people in urban areas unaware of where materials in everyday life come from, he said.
“It’s all copper, copper, copper, copper, copper, copper,” Friedland told the CRU World Copper Conference on Tuesday.
While the 70-year-old billionaire is taking a long-term view, his words of warning contrast with those of some of his colleagues at the conference who are reluctant to accelerate growth plans in a cyclical market.
His comments seem more in line with bullish analysts such as Nicholas Snowdon of Goldman Sachs, who predicts record-high prices as the metal heads toward the tightest conditions since the mid-2000s.
Mining is suffering from years of underinvestment, with America very under-explored because for 20 or 30 years “it wasn’t cool to mine,” Friedland said. Where future supplies come from “is going to be a matter of fervent debate” as will how to tax and regulate them.
Massive investments are needed to electrify economies. The US power grid, which “is a joke” compared with China’s, needs $10 trillion and “astronomic amounts” of the right metals to get up to scratch, he said.
“In the short term, we’ve had a big rise in the price of copper,” Friedland said. “But for the medium term, copper has really become a national security issue. It’s central for what we want to do with our economy.”
While the industry should now be seen as part of the solution in global decarbonization, it also faces challenges to decarbonize, he said. Ore quality around the world is deteriorating, meaning volume has to rise and carbon emissions increase. Mining will need both hydroelectric and nuclear power as well as renewable, he said.
People should expect a carbon tax on everything, he said.
(By James Attwood, with assistance from Daniela Sirtori-Cortina and Joe Deaux)
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China, Mongolia: Dust storms forecast in parts of northern China and southern Mongolia through at least April 16 www.grada.com

Dust storms are forecast in parts of northern China through at least April 16. Chinese authorities have warned that dust storms could occur in parts of Inner Mongolia, Gansu, Ningxia, Shaanxi, Shanxi, Hebei, Beijing, and Tianjin. The sandstorms are generally forecast to spread eastward in the coming days. Authorities in Mongolia have also warned of potential dust storms in southern parts of that country.
Dust storms can reduce visibility, leading to transport disruptions. Hazardous driving conditions are possible and could result in traffic congestion and an increase in vehicle accidents. Flight delays, diversions, and cancellations are possible at regional airports, including those serving Beijing (PEK, PKX, NAY) and Tianjin (TSN), during periods of severe dust storm activity. Ground transport disruptions are typically severe during rush-hour periods. Higher-than-normal employee absenteeism is possible in the event of widespread transport disruptions.
Hazardous conditions may prompt school or business closures. Officials could limit activity in industries that emit air pollution, especially construction and power generation. Dust storms can also pose a health risk to individuals with pulmonary or respiratory issues; authorities usually warn persons at high risk of health complications to remain indoors with windows closed during such events. Residual business and transport disruptions are possible even after weather conditions improve.
Advice
Monitor local media for updates and related weather advisories. Exercise caution while driving and allow additional time to reach destinations. Confirm flights before checking out of hotels or returning rental cars. Plan for possible delivery delays. If operating in areas affected by dust storm activity, consider remaining indoors when possible. Individuals who must be outdoors should use facemasks and observe other precautions to avoid dust inhalation.
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Mongolia-ROK Friendship Park to commission in May www.montsame.mn

'Mongolia-ROK Friendship Park', the largest green facility in Mongolia, is to commission in May.
Construction of the friendship park, which is being built in 40 hectares of land located in Dambadarjaa or the 16th khoroo of Sukhbaatar district within Mongolia-ROK Greenbelt Project, is currently 92 percent complete.
The urban forest will have over 80 types of trees and other plants besides having a learning garden, bike path, playground, sports ground, and a parking lot for around 100 cars.
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Mongolia recorded a record of 1,220 new daily cases, 2 deaths www.akipress.com

Mongolia recorded a record of 1,220 new daily cases of COVID-19 after 10,220 PCR tests conducted nationwide, the Health Ministry said on April 14.
1,106 cases were registered in Ulaanbaatar, the rest were confirmed in the regions.
The total number of coronavirus cases has reached 17,823.
10,253 patients recovered, with 366 in the last 24 hours.
2 deaths linked to the coronavirus occurred during the past day, a 44-year-old and a 49-year-old persons died.
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Cabinet meeting news in brief www.montsame.mn

Following decisions were made at the Cabinet meeting today, April 14:
- Minister of Food, Agriculture and Light Industry was tasked to establish an on-lending loan agreement of ‘Tractors and other agricultural equipment and machinery supply project’ within the framework of Mongolia-Belarus Intergovernmental General Agreement on the Provision of Export Loan, in line with relevant laws and regulations.
- The Cabinet members heard 2020 general report of Mongolian Land Unified Fund and implementation progress of the general plan for State Land Management respectively.
- The Cabinet discussed the 2022 budget framework statement, draft bill on budget assumption for 2023-2024 and a revised bill on Digital Signature respectively and decided to submit them to the Parliament.
- The Cabinet also discussed a draft parliamentary resolution on measures to protect security of the Mongolians’ gene pool and support population growth, initiated and developed by MP G.Temuulen, and agreed to combine recommendations for the draft resolution and convey them to the initiator.
In addition, Deputy Prime Minister and Head of the State Emergency Commission S.Amarsaikhan briefed current situation of the COVID-19 pandemic and ongoing responsive measures.
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FRC warns not to receive electronic payment, remittance services from non-licensed entities www.montsame.mn

The Asia/Pacific Group on Money Laundering is a FATF-style regional inter-governmental body, and Mongolia, as a member, is committed to implement international standards against money laundering, and the financing of terrorism.
Recommendation 14 of FATF states that natural or legal persons that provide money or value transfer services are required to be licensed or registered. According to Paragraph 7.1.6 of the Law on Non-Bank Financial Activities, non-bank financial activities must include electronic payment, remittance services. In the case of operating without a license, penalties are as stated in the Paragraph 11.6.1 of Law on Infringement.
To prevent reduce potential risks to the public, the Financial Regulatory Commission of Mongolia regularly updates lists of entities providing electronic payment and remittance services, and publicly announces this on its website.
As of the first quarter of 2021, the following entities were operating with licenses.
“Ard Credit NBFI” JSC
“Business Invest Development NBFI” LLC
“Gumuda Finance NBFI” LLC
“Gyals Credit NBFI” LLC
“Digital Market NBFI” LLC
“GSB Capital NBFI” LLC
“ESA Finance NBFI” LLC
“Invescore Wallet NBFI” LLC
“Investos NBFI” LLC
“Ireedui Invest NBFI” LLC
“Ikh Mongol Credit NBFI” LLC
“Creditech CTM NBFI” LLC
“LendMN NBFI” LLC
“Mobifinance NBFI” LLC
“MoneyPolo NBFI” LLC
“Naransansar NBFI” LLC
“Netcapital Financial Corporation NBFI” LLC
“Oortsog Khundy NBFI” LLC
“Ochir Undraa OMZ NBFI” LLC
“Public Credit NBFI” LLC
“Prime Financial Holdings NBFI” LLC
“Sain Finance and Transfer NBFI” LLC
“Sam Nor NBFI” LLC
“Solomon Investments NBFI” LLC
“Songomol Finance NBFI” LLC
“SendMN NBFI” LLC
“T-Finance NBFI” LLC
“Tugmel NBFI” LLC
“Financial Triple Group NBFI” LLC
“Khatan Suld NBFI” LLC
“Khymort Naiman Sharga NBFI” LLC
“Central Capital NBFI” LLC
“Shine Tugrug NBFI” LLC
“Exclusive Change NBFI” LLC
“MPSC NBFI” LLC
The FRC of Mongolia warns not to receive electronic payment and remittance services from entities without licenses and prospective customers have to check license of entities before receiving such services, and protect themselves from becoming victim.
Source: Financial Regulatory Commission
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