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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Mongolia sees highest daily COVID-19 cases rise www.xinhuanet.com

March 10 (Xinhua) -- A total of 109 people tested positive for COVID-19 in Mongolia in the last 24 hours, the highest daily increase since the pandemic hit the country, the National Center for Communicable Diseases (NCCD) said on Wednesday.
The latest cases were detected in the country's capital Ulan Bator, the central province of Tuv and the western province of Zavkhan, the NCCD said in a statement.
Of all the new cases, 104 were found in people who had close contact with previously confirmed cases, while the source of the remaining five cases has not yet been identified, the center said.
So far, the Asian country has registered 3,481 COVID-19 cases, with seven related deaths. Enditem
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Mongolian President Accused of Smearing Political Rival www.bloomberg.com

The former prime minister of Mongolia said he is the victim of a global smear campaign likely orchestrated by the current president to label him as corrupt ahead of a June election.
Sukhbaatar Batbold, a businessman who was Mongolia’s prime minister from 2009 to 2012, claimed President Khaltmaagiin Battulga appears to be the architect of a series of lawsuits in courts around the world accusing him of leading a massive corruption scheme. Batbold is expected to oppose Battulga in Mongolia’s presidential election in June.
“This application is brought to obtain critical evidence located in New York to identify the parties behind and help fight off the sham lawsuits brought on three continents,” Batbold said in a court filing in New York Tuesday.
Battulga, a onetime martial arts champion who has been compared to Donald Trump, rose to power in 2017 in part by stoking populist anger over what he depicted as the theft of Mongolian natural resources by multinational giants. He cast blame on previous Mongolian politicians who he said sold the country out to foreign mining interests.
Batbold was accused along with several other individuals of orchestrating a corruption scheme involving two major Mongolian mines that generated $250 million in illegal profits. Lawsuits were filed against Batbold and others in U.S., U.K., Hong Kong, Singaporean and Mongolian courts by a Mongolian government agency and two state-owned mining companies. The agency also has New York federal court action seeking records of financial transactions involving Batbold from JPMorgan Chase & Co.
But Batbold alleges those plaintiffs are likely a front for Battulga. He is also opposing the Mongolian government’s attempts to access records from JPMorgan.
“The case we filed today in the United States District Court exposes the true political motive behind these foreign lawsuits and the threat they pose to Mongolian democracy,” Orin Snyder, Batbold’s lawyer, said in an emailed statement.
Batbold filed his case under a U.S. statute allowing participants in foreign court proceedings to request documents or other evidence in the U.S. He is seeking a court order allowing him to obtain evidence from the New York-based investigative firm K2 Integrity, which has been probing public officials in Mongolia and has assisted in litigation against the former prime minister.
K2 didn’t immediately respond to a request for comment. Representatives for Battulga couldn’t immediately be reached for comment. Lawyers representing Mongolian entities accusing Batbold of corruption didn’t immediately respond to requests for comment.
As president, Battulga has cozied up with Russian President Vladimir Putin and engineered legislation that gave him the power to fire judges and top law enforcement officials.
Calling himself a “steadfast advocate of democracy,” Batbold claims the suits accusing him of corruption are part of a pattern of authoritarian behavior by Battulga. “Under Battulga’s grip, Mongolia’s young democracy is in jeopardy as it slides toward authoritarian rule,” Batbold said in his filing
— With assistance by Robert Burnson
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Mongolian officials receive first injections of Chinese COVID-19 vaccine www.xinhuanet.com

Mongolian Deputy Prime Minister Sainbuyan Amarsaikhan and Mayor of Ulan Bator Dolgorsuren Sumiyabazar on Wednesday received their first shots of a COVID-19 vaccine donated by China.
Mongolia launched a COVID-19 vaccination campaign across the country on Feb 23, and more than 30,400 people have been vaccinated so far, according to the country's Health Ministry.
The country plans to vaccinate at least 60 percent of its 3.3 million people using four types of COVID-19 vaccines, and 20 percent will be vaccinated under COVAX, a global initiative for equitable access to COVID-19 vaccines, said the ministry.
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Erdenes-Tavantolgoi JSC introduces business growth plan for coming years www.montsame.mn

Ulaanbaatar /MONTSAME/. Gankhuyag Battulga, CEO of Erdenes-Tavantolgoi JSC today, March 10, delivered a press briefing to give update on some timely issues.
On March 9, the state-owned company’s board of directors convened and approved a business plan ‘A6-20’ defining the company’s growth goals and targets in coming years. As stated in the plan, Erdenes-Tavantolgoi JSC will implement 20 large-scale projects until 2025, including development of coal concentrate, Tavantolgoi power plant and a water supply project, achieving huge growth.
As a result, annual coal production of the company will hit 45 million tons, sales revenue will grow up to MNT 10 trillion with net profit reaching MNT 3.7 trillion and dividends totaling about MNT 700 billion will be distributed in a year and job places created by Erdenes Tavantolgoi will increase to 5,500. According to Gankhuyag, a citizen holding 1,072 shares of the company will become entitled to receive around MNT 669,000 as dividends between 2023 and 2025.
The company’s board also held another meeting on February 19 and made a decision that it would not pay dividends from the net profits it earned in 2020. However, the final decision will be approved by a forthcoming shareholders’ meeting.
The COVID-19 pandemic has interrupted the operations of the Erdenes-Tavantolgoi JSC in 2020 by a considerable amount. The company’s annual financial result for 2020 showed that Erdenes-Tavantolgoi JSC’s coal production reached 13.1 million tons and sold 11.9 tons of coal, earning MNT 1.6 trillion as sales revenue and MNT 161 billion as net profit.
If dividends will be paid from its net profit of MNT 161 billion, each citizen owning 1,072 shares will receive around MNT 12,000. As a comparison, the company paid MNT 96,480 to each holder of 1,072 shares last year.
“Erdenes Tavantolgoi JSC has gained parliament’s approval for partial IPO to sell some of its stocks on international markets in order to carry forward its development projects. Now, the company will issue bonds on the domestic market to raise fund” said CEO Gankhuyag.
Some MNT 2 trillion worth of bonds will be issued, as planned by the company, which has submitted its request to the Financial Regulatory Commission and Mongolian Stock Exchange on March 5 to issue bonds amounting to MNT 800 billion in the first phase for the implementation of major projects such as construction of strategically important railways, coal processing and thermal power plants.
The state-owned Erdenes-Tavantolgoi JSC was established on December 23, 2010 under the respective decisions of the State Great Khural and the Government for the purpose of utilizing the Tavantolgoi deposit for the benefit of the citizens of Mongolia. The main objective of Erdenes-Tavantolgoi JSC is to put strategically important coal deposit into
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E.Saruul appointed as judge to officiate at Tokyo-2020 www.montsame.mn

World Archery Federation on March 8 announced the names of Judges to officiate at the Tokyo 2020 Olympics, which will be held in Tokyo, Japan on July 23-31. Mongolian Judge E.Saruul has been appointed as one of the 14 Judges by the World Archery Judge Committee, becoming the first ever Mongolian to work as a Judge at Olympic archery.
Mongolian archer B.Otgonbold has been qualified to participate in the Olympic archery. Archery first appeared in the Olympic Games in 1900 and contested for 17 times, in which Mongolia participated eight times.
E.Saruul, 35, has been an archer since 2007 and started her career as a judge in 2009. She worked as a judge at numerous international tournaments, including Asian Archery Championships, World Cup, Asian Youth Games, etc.
In addition to E.Saruul, T.Enkhtsetseg has also been appointed as one of the 16 Judges to officiate at Olympic Judo.
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Bill to be developed to establish Sovereign Wealth Fund www.montsame.mn

The cabinet today, March 10, held its weekly regular meeting and assigned Minister of Mining G.Yondon and Minister of Finance B.Javkhlan to develop bills on Sovereign Wealth Fund and Minerals Exchange.
This aims to collect benefits to receive from the underground wealth to the Sovereign Wealth Fund and achieve fair and just distribution to every citizen of present and future generations.
In connection with the necessity to valuate mineral products in line with international market value, increase their benefits and take control on related sales and revenues, the cabinet deemed it is essential to have a law on Minerals Exchange.
Mining and extractive industries make up 22 percent of Mongolia’s total GDP, 71 percent of foreign direct investment and 94 percent of exports, reports the cabinet secretariat.
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Mongolia’s new international airport to open July www.news.mn

Mongolia’s Government has announced plans to resume international flights from May, 2021, following a temporary ban since mid February-2020 due to the outbreak of coronavirus. Therefore, international travellers who have taken the approved vaccines against COVID-19 will be allowed to enter Mongolia. Parallel with this decision, the Mongolian Government had work closely with Japan to begin the operation of its new international airport in Khushig Khundii from July. Tokyo’s role has been connected, primarily, with project finance.
The construction of the new Chinggis Khaan International Airport in Tuv Province – to the south of Ulaanbaatar – is currently 85 percent complete. The government is focusing on undertaking measures to equip the terminal with COVID-19 safe handling for international services, including the installation of glass barriers at check-in counters and establishing temporary isolation rooms.
Government officials have provided assurance that all air services at the old Buyant-Ukhaa site can be moved to the new international airport overnight without any flight delays. Overnight, the name of ‘Chinggis Khaan International Airport’ will also be transferred from Buyant-Ukhaa to Khushig Khundii. However, it is expected to cost MNT 60.9 billion for re-allocating airlines and MNT 248 billion for stabilising flights services.
Mongolian airlines transported 1.6 million travellers in 2019; this decreased to 440 thousand, mostly workers from the mining sector in 2020. These were internal flights. The only international flights, have been the charters repatriating Mongolian nationals from foreign countries. These flights are ongoing.
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16-20 thousand citizens to be vaccinated a day www.montsame.mn

Deputy Prime Minister and Head of State Emergency Commission (SEC) S.Amarsaikhan yesterday informed that the SEC had resolved to intensify immunization work from March 9 in the capital city and vaccinate 16-20 thousand citizens a day in 85 vaccination points.
“We are aiming to complete vaccination of whole adult population living in the capital city within April. In frame of it, officials are providing citizens with necessary information on the vaccines. Minister of Health was ordered to run vaccination under high management. Relevant officials were also tasked to enforce infection protection regime, improve supervision on it and pay attention to its management,” he added.
Furthermore, the Deputy PM stressed that the SEC would not put the capital city under public quarantine, but partial quarantine would be imposed if required.
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Elixir Energy begins 2021 Mongolia exploration program www.ogj.com

Elixir Energy Ltd., Adelaide, has commenced its 2021 field program in Mongolia with the spudding of Yangir-2.
This will be a fully rested core hole drilled immediately adjacent to its 2020 stratigraphic hole Yangir-1S which encountered 27 m of visibly bubbling coal seams.
Yangir-1S—drilled 347 m depth—terminated in December 2020 for operational reasons but opened the potential for a new subbasin in the company’s Nomgon coal seam gas production sharing contract area.
The new well is the first appraisal of that discovery.
Elixir has already made Mongolia’s first coal seam gas find in the PSC with the Nomgon-1 discovery in the Nomgon subbasin (OGJ Online, July 29, 2020). The well encountered a net coal intersection of 71 m that was fully gas saturated. A production test is planned for this year.
Overall, Elixir plans to drill 13 wells in the 2021 field program, along with the acquisition of 200 km of seismic and the one pilot production test.
The PSC is in the south Gobi region of Mongolia, close to the border with China.
Independent studies indicate the Nomgon PSC has potential to hold a recoverable resource of up to 7.6 tcf of gas.
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Mongolia confirms 36 daily cases of coronavirus www.akipress.com

Mongolia confirmed 36 new cases of coronavirus for the past day, the Ministry of Health said on March 9.
The total number of recovered people reached 2,765 as 117 more people recovered for a day.
As of March 9, the total number of confirmed cases of coronavirus in Mongolia reached 3,372 (+36), with 591 patients being treated at hospitals (three of them are in critical, three are in severe, and 585 are in moderate condition).
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