1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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China's Inner Mongolia starts building high-end dairy complex www.marketwatch.com

HOHHOT, June 26, 2021 (Xinhua via COMTEX) -- Construction for a large-scale dairy production and processing facility kicked off in north China's Inner Mongolia Autonomous Region on Saturday.
The high-end milk production complex, capable of raising 100,000 cows, will cover an area of about 867 hectares in Bayannur City, with an investment of 4 billion yuan (about 620 million U.S. dollars).
After completion, the complex is expected to produce 550,000 tonnes of fresh milk annually and hike up incomes of about 40,000 herdsmen and farmers in the region, said Zhao Jiejun, vice president of Mengniu Dairy headquartered in the regional capital Hohhot that is cooperating with the local government to carry out the project.
Inner Mongolia now produces over 5.7 million tonnes of milk each year, with the largest market share for dairy products in China.
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36 scientific research papers and best practices of 26 countries will be presented at 14th Mine Closure 2021 www.mongolianbusinessdatabase.com

The mining sector is aggressively moving to efficient mine closure for the environment-friendly, ecological balance reserved field with possible economic benefits based on special scientific research, advanced technology, and best practices.
36 research papers, presentations of best practices from 26 countries will be presented and experience, business offers will be shared on B2B meetings and exhibition at the 14th International Conference on Mine Closure 2021 (ICMC) between 17-19 August in Ulaanbaatar, Mongolia, the first event in Asia! The event will be in hybrid mode as both in virtual (Airmeet) and physical formats. We are pleased to inform you that distinguished speakers such as Prof. Andy Fourie University of Western Australia, Prof. Mark Tibbett University of Reading, Mr. Aiden Davy COO of International Council on Mining and Metals, Professor Emeritus Dirk van Zyl University of British Columbia, Mr. Mark Dillon COO of ATC Williams and Dr. Thekla Abel BGR - Federal Institute for Geosciences and Natural Resources are among the presenters and the tentative program will be posted on the website in the beginning of July.
The event is officially supported by the Embassies of Australia, Czech Republic, PR China and UK in Ulaanbaatar, Russia-Mongolia Council on Trade and Industry and the Mongolian Business Database.
The event is planned at Shangri-La Ulaanbaatar Hotel physically among the locals when foreign participants/exhibitors gather on AIRMEET which you can see the short intro on the link below. https://www.youtube.com/watch?v=BBoyccS8QAw
Please get in touch if you would like to promote your company’s product or service. We have a variety of sponsorship and exhibition opportunities available and are actively seeking to form new partnerships.
Visit https://mineclosure2021.com for more information. Contact us via phone: (+976) 99066062, 99119657, 99055212. Email: mineclosure2021@qmc.mn for general inquiries.
The registrations will close on July 30. 2021
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Copper price keeps soaring despite China’s attempt to cool rally www.mining.com

Copper price rose on Wednesday, one day after China’s National Food & Strategic Reserves Administration announced that it intended to sell 20,000 tonnes of copper in an initial batch of sales of state metal reserves.
The release of state metal reserves in China, the world’s biggest metals consumer, is one of a number of attempts by Beijing to cool a stellar rally in commodity prices that has squeezed manufacturers’ margins.
Copper for delivery in July rose 2.6% from Tuesday’s settlement price, touching $4.342 per pound ($9,552 per tonne) midday Wednesday on the Comex market in New York.
According to Citigroup, Beijing’s measures “target managing expectations and deterring speculators rather than solving supply/demand imbalances.”
Demand for copper is rising for use in renewable energy projects and electric vehicles.
“We do not think the rally is over,” the bank said in a note.
Glencore CEO Ivan Glasenberg said on Tuesday that copper supplies need to increase by one million tonnes a year until 2050 to meet an expected demand of 60 million tonnes, but he stopped short of predicting a supercycle.
“Today, the world consumes 30 million tonnes of copper per year and by the year 2050, following this trajectory, we’ve got to produce 60 million tonnes of copper per year,” he said.
“If you look at the historical past 10 years, we’ve only added 500,000 tonnes per year … Do we have the projects? I don’t think so. I think it will be extremely difficult.”
(With files from Reuters and Bloomberg)
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United States Provides an Additional $250,000 (700 Million MNT) to Combat COVID-19 in Mongolia www.mn.usembassy.gov

Ulaanbaatar, June 24, 2021 — The United States, through the United States Agency for International Development (USAID), has committed an additional $250,000 (700 million MNT) to support the Government of Mongolia’s efforts to fight the COVID-19 pandemic. Through its implementing partner, the United Nations Children’s Fund (UNICEF), USAID will support the Mongolian Ministry of Health’s vaccine distribution efforts, including the monitoring and disposal of supplies, improving cold chain storage, and providing real-time data on immunizations.
“The rapid spread of COVID-19 has demonstrated that no nation can act alone against a global pandemic. The United States is proud to have Mongolia as a Strategic Partner, and this assistance today is a clear demonstration of our unwavering cooperation,” said U.S. Ambassador Michael S. Klecheski. “As a friend and third neighbor, the United States will continue to stand by the people of Mongolia in these challenging times.”
With this additional assistance, the United States has provided over $4 million (11 billion MNT) bilaterally to help Mongolia respond to COVID-19. USAID is focused on strengthening Mongolia’s ability to fight the disease through infection prevention and control; preparing laboratory systems for large-scale testing; and communicating with the public on steps they can take to prevent and respond to the spread of the virus.
The United States is the world’s largest provider of assistance in public health. Over the past two decades, the United States has provided more than $140 billion in global health assistance. This includes being the single largest donor to COVAX, the COVID-19 Vaccine Global Access initiative with an initial pledge of $2 billion through USAID—out of a total planned $4 billion—to support the purchase and delivery of COVID-19 vaccines for Mongolia and 91 other countries.
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Mongolia adds 2,366 new COVID-9 cases www.xinhuanet.com

June 24 (Xinhua) -- Mongolia reported 2,366 new COVID-19 cases over the past 24 hours, raising the national caseload to 102,629, the health ministry said on Thursday.
Thirteen more fatalities were reported in the past day, bringing the nationwide death toll to 500, the ministry said in a statement, adding that 1,059 more patients recovered, taking the total recoveries to 66,602.
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.
More than 1,713,700 Mongolians have been fully vaccinated so far.
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Leading banking, finance and technology companies taking their strategic partnership to next level www.montsame.mn

Ard Financial Group JSC (Ard), GrapeCity Mongol LLC (Grape), and MOST Fintech (MOST) signed a strategic partnership agreement in 2017. On June 23, they confirmed this partnership and announced the start of the next stage of cooperation.
Grape, established in 2000, supplies banking software to 12 out of the 13 commercial banks operating in Mongolia. Ten of them use Grape's core banking system. Grape is taking steps to compete internationally.
MOST, Mongolia's first Fintech company, was established in 2008 with a mission to build a nationwide online payment infrastructure. It received the first and only license to operate a payment system network from the Bank of Mongolia. It has been providing Ard App's payment service infrastructure to more than one million users.
As part of the next stage of the partnership, Grape and MOST are looking to become publicly listed companies. Ard and other strategic investors will lead pre-IPO equity rounds, while Ard Securities will work as the primary underwriter of the IPOs. The IPOs will allow the public to own shares in the first publicly-traded IT service company in the Mongolian stock market.
Thus, the partnership of Mongolia's leading banking and payment software company and industry-leading fintech companies will make it easier to provide financial and technological services to customers in a more accessible and straightforward way.
Founder of Grape, Chairman of the Board of Most, and Mongolia's first programmer Mr. Suhdorj Avir founded BSB Group, Mongolia's foremost information technology company in 1991; Grape, a banking and payment software solutions company in 2000; and Incomnet, a satellite communications service provider in 2001. He is a pioneer in Mongolia's telecommunications and has been a driving force in the banking and payment sector. He has implemented several successful projects over the past 40 years, establishing the country's first payment service operator (MOST) in 2008 and launching the MostMoney mobile wallet in 2012.
In terms of assets, Grape accounts for 83 percent of the domestic banking software market. Over 150 NBFIs, SCCs, and microfinance institutions use Grape's POLARIS system for microfinance institutions' accounting. Considering this unique situation, Grape has made the MOST platform publicly available to the public.
Ard Financial Group is a diversified financial services holding company with the overarching goal of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, MEC Partners (ardshop.mn), Mongol Post, Ard Holdings International, Ard Leasing, Ard Properties and Ard Realty. Ard App, Ard Fintech, ArdCoin, Ard Cash, CryptoNation, Digital Assets Exchange and Ard Digital Bazaar are proprietary digital products based on artificial intelligence and blockchain technology.
Source: Ard Financial Group
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World Bank to support sustainable urban transport in Ulaanbaatar www.montsame.mn

On June 23, 2021, the World Bank Board of Directors approved a $100 million loan to support the Ulaanbaatar Sustainable Urban Transport Project, which will develop a comprehensive framework for sustainable urban mobility for Mongolia’s capital, and will reduce congestion, improve road safety, and address climate resilience on selected transport corridors.
In Ulaanbaatar, where close to 50 percent of the country’s population resides, travel demand has been increasing due to rapid urbanization. The city’s current 1,100-km-long street network is sparse and disconnected, while traffic management and road safety facilities are insufficient, causing delays, traffic accidents, and congestion. Poor public transport services and vulnerability to natural hazards such as flooding are affecting residents’ livelihoods and disproportionately hurting vulnerable and low-income populations. At the same time, lack of evidence-based planning and management, and weak institutional capacity have hampered efficient allocation of limited financial resources.
The project will finance street network infrastructure for selected transport corridors as well as better integrated public transport systems. This includes road reconfiguration, rehabilitation, and construction on selected priority corridors, upgrading bus management systems and improvements of bus stops, and installation of intelligent transport systems and smart parking management systems across the city. The project will also support strategic studies and capacity building activities to help the municipality build effective institutions for transport planning and management.
“Improving traffic conditions in Ulaanbaatar has become a top priority for the municipality and the Mongolian government, and the World Bank is pleased to be providing support in this area through its expertise and financial resources,” said Andrei Mikhnev, World Bank Country Manager for Mongolia. “The project is designed to benefit all road users including vulnerable users such as pedestrians in Ulaanbaatar through reduced traffic congestion, improved road safety, and less disruptions from natural hazards.”
“Addressing Ulaanbaatar’s urban transport issues requires a comprehensive and long-term approach to provide urban mobility for all users in a sustainable way,” said Yang Chen, World Bank Senior Transport Specialist. “This project will build the foundation for the comprehensive Ulaanbaatar Sustainable Urban Transport program, which was conceptualized based on the results of analytical work and technical assistance done by the World Bank and the municipality over the past six years.”
The Municipality of Ulaanbaatar will be responsible for the overall project implementation and oversight of the project. It is the first project in Mongolia to be fully financed by the World Bank Group’s International Bank for Reconstruction and Development (IBRD).
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Central bank decides to keep policy rate unchanged www.montsame.mn

At its meeting held today, the Monetary Policy Committee of the Bank of Mongolia took into consideration the current state and outlook of the economy and financial markets, as well as the uncertainties and risks inherent in the domestic and external environments, and reached a decision to:
Keep the policy rate at 6 percent;
Increase the amount of long-term repo financing which is to be issued in the third quarter of 2021 by up to MNT 250 billion.
The inflation rate is projected to remain at the target level of 6 percent in the near future. Currently, it stands at 6.7 percent nationwide and 6.2 percent in Ulaanbaatar city. This was mainly due to the economic growth, cash provided to the citizens, and the increase in the price of meat.
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Energy development projects to be intensified www.montsame.mn

During the cabinet meeting dated June 23, Minister of Energy N.Tavinbekh delivered a presentation on the work load of the country’s energy industry for 2020-2021 winter season and future issues of concern.
The government concluded that it is now of importance to intensify developments in the energy industry, such as extension, refurbishment and establishment of energy sources. Corresponding ministers were charged with ensuring preparations for the upcoming winter season and keeping reserves of raw materials for the refined coal briquette used in the country.
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CPC's great practice offers inspirations, says Turkish party leader www.xinhuanet.com

Interview: CPC's great practice offers inspirations, says Turkish party leader

Source: Xinhua| 2021-06-21 21:00:19|Editor: huaxia
 

ISTANBUL, June 21 (Xinhua) -- China, led by the Communist Party of China (CPC), has accomplished an extraordinary success in eradicating absolute poverty and upholding multilateralism, Dogu Perincek, chairman of Turkey's Patriotic Party, has said.

Perincek, a well-known politician in his country, has paid several visits to China, during which he was most impressed by the tremendous efforts that Chinese people have put in creating a better life.

In a recent interview with Xinhua, Perincek said that the New China was one of the poorest countries when established in 1949, "but the country created a 'miracle' in such a short time" as it developed to become an engine of world economy.

"We can call this century-old history a heroic history or a legendary history of the CPC," he said, speaking of the upcoming 100th anniversary of its founding early next month, with a belief that the party will lead China to another century of great success.

Perincek noted that the CPC, the world's largest political party with more than 90 million members, has acted "equally and sincerely" in its relations with other parties.

"It does not impose its position," he stressed. "When telling its stories, it always says 'these are our experiences.'"

In his view, the CPC is truly "admirable" for respecting other parties' choices of path in line with each country's unique conditions.

Perincek also spoke highly of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, saying the book "Xi Jinping: The Governance of China" has showcased the Chinese president's exceptional leadership skills.

Hailing China's success in securing a "complete victory" in the fight against poverty, Perincek said "this is a great historic achievement for humanity."

Perincek said China also achieved a peerless success in the fight against the COVID-19 pandemic, he said.

China is actively promoting multilateral cooperation and building a community with a shared future for mankind, Perincek said.

"It is not egotistic and not selfish. And in this respect, it represents humanity's hopes and aspirations," he noted. (Video reporter: Wang Feng; Video editor: Liu Ruoshi)

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