1 MONGOLIA UPGRADED TO 'BB-' ON SUSTAINED FISCAL CONSOLIDATION AND STRONG GROWTH; OUTLOOK STABLE WWW.SPGLOBAL.COM PUBLISHED:2025/10/31      2 GOVERNMENT OF MONGOLIA LAUNCHES NEGOTIATIONS WITH RIO TINTO WWW.MONTSAME.MN PUBLISHED:2025/10/31      3 MONGOLIA COURT UPHOLDS GOVERNMENT’S TERMINATION OF QSC CONCESSION, CITING “PUBLIC INTEREST” WWW.EGUUR.MN PUBLISHED:2025/10/31      4 EBRD FINANCES CONSTRUCTION OF CARDIOVASCULAR HOSPITAL IN MONGOLIA WWW.EBRD.COM PUBLISHED:2025/10/31      5 ADB TO SUPPORT MONGOLIA’S LARGEST SOLAR AND BATTERY STORAGE PROJECT FOR ENERGY SECURITY WWW.ADB.ORG PUBLISHED:2025/10/31      6 HUNNU CITY POWER INFRASTRUCTURE NEARS COMPLETION WWW.MONTSAME.MN PUBLISHED:2025/10/31      7 MONGOLIA COMMISSIONS 53 NEW FACTORIES AS PART OF ‘FOOD REVOLUTION’ PLAN WWW.MONTSAME.MN PUBLISHED:2025/10/31      8 DEPUTY PRIME MINISTER S.AMARSAIKHAN DISMISSED FOR VIOLATING ACCOUNTABILITY AGREEMENT WWW.GOGO.MN PUBLISHED:2025/10/29      9 STATE EMERGENCY COMMISSION ORDERS READINESS AMID FUEL-SHORTAGE RISKS WWW.GOGO.MN PUBLISHED:2025/10/29      10 WORLD BANK TO ASSIST MONGOLIA IN COP17 PREPARATIONS WWW.MONTSAME.MN PUBLISHED:2025/10/29      S&P АГЕНТЛАГ ЗАСГИЙН ГАЗРЫН ТӨСВИЙН БОДЛОГЫГ ЭЕРГЭЭР ҮНЭЛЖ, ТОГТВОРТОЙ ҮРГЭЛЖЛҮҮЛЭХ НЬ ЗҮЙТЭЙ ГЭВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/31     ОЮУ ТОЛГОЙ ТӨСЛИЙН ХУВЬ НИЙЛҮҮЛЭГЧДИЙН ЗЭЭЛИЙН ХҮҮГ ХЭЛЭЛЦЭХ ЭЭЛЖИТ 7 ЖИЛИЙН ХУГАЦААГ ҮЛ ХАРГАЛЗАН ХЭЛЭЛЦЭЭРИЙГ ҮРГЭЛЖЛҮҮЛЭХЭЭР БОЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Э.ШИЖИР: “НИЙТИЙН ЭРХ АШИГ” НЭРИЙН ДОР ХУВИЙН ХЭВШЛИЙН ЭРХИЙГ ЗӨРЧИЖ БОЛОХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Х.БУЛГАНТУЯАГ УИХ-ЫН ДЭД ДАРГААС ЧӨЛӨӨЛЖ, Ж.БАТ-ЭРДЭНИЙГ ДЭВШҮҮЛЭХЭЭР БОЛЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31     2025 ОНД ХӨВСГӨЛ АЙМГИЙН 8 СУМАНД 18 УДАА ГАЗАР ХӨДӨЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31     ОНЦГОЙГИЙНХОН ГАЛ ТҮЙМЭР УНТРААХ 42 МЕТР УРТТАЙ АВТОМЕХАНИК ШАТНЫ АВТОМАШИНТАЙ БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/10/31     ЭМЭЭЛТ ЭКО АЖ ҮЙЛДВЭРИЙН ПАРКТ 10 МВТ-ЫН НАРНЫ ЦАХИЛГААН СТАНЦ БАРИНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/10/31     "С.АМАРСАЙХАН ХАРИУЦЛАГЫН ГЭРЭЭ ЗӨРЧСӨН ТУЛ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР АЛБАН ТУШААЛААС НЬ ОГЦРУУЛСАН" WWW.EAGLE.MN НИЙТЭЛСЭН:2025/10/29     ЗГ: ГЭР БҮЛИЙН ТУХАЙ ХУУЛИЙН ШИНЭЧИЛСЭН НАЙРУУЛГЫГ ХЭЛЭЛЦЭНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/29     ҮСХ: ДИЗЕЛИЙН ТҮЛШ ЛИТР ТУТАМДАА 74 ТӨГРӨГӨӨР ӨСӨЖ ₮3014 БОЛОВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/29    

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Events

Events

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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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Construction of Selbe City to Cost MNT 25 Trillion www.montsame.mn

Tenders for Packages 3 and 4 of the “Selbe City Housing Project” will be re-announced as divided into five separate lots.
In connection with this, First Deputy of the Governor of the Capital City Davaadalai Tumendalai, Chief Executive Director of the “Selbe 20-Minute City Corporation” U. Baatar, and construction representatives gave statements.
First Deputy of the Governor of the Capital City Davaadalai Tumendalai stated, “The Selbe City project is of the highest priority among the 24 mega projects implemented by the Governor’s Office of the Capital City. Selbe City will become the first ’20-minute city’ that contributes to reducing air pollution and creates a comfortable living environment for citizens. Ulaanbaatar experienced major urban development between 1965 and 1985. The first urban development of similar scale since then is commencing with the Selbe City project, covering 158 hectares of land. In other words, it is as large as the areas of the 3rd and 4th, and the Micro districts combined. In addition to apartments, the Selbe City will incorporate electricity and thermal systems, clean and wastewater infrastructures, green facilities, schools, kindergartens, and essential service centers. The entire project has been divided into 45 separate work packages. While the first 11 work packages will encompass engineering infrastructure, and the next six will cover social infrastructure, packages No. 20 to 45 will focus on commercial and service centers through private-public partnerships.  Funding of USD 500 million was raised through international bonds. The construction will be launched using direct investments totaling MNT 2.3 trillion through private-public partnerships. According to preliminary estimations, the private sector plans to invest approximately MNT 20 trillion. In total, the development project will cost MNT 25 trillion.”
As per request from the Mongolian associations in the construction sector, the “Selbe City” project team held two online meetings with investors and obtained permission to divide tenders for Packages 3 and 4 into five separate packages. Within the first Work Package, 11 blocks will be constructed, while in Packages 2 to 5, 48 blocks of nine-story residential buildings, with a capacity of 71 households each, will be built. A total of 198 entities have submitted proposals and requests for the 26 Packages of the Selbe City project. The project is still receiving proposals and requests from private entities.

 

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Cooperation with ADB in Shifting Ger Districts to Solar Energy Discussed www.montsame.mn

Chairman of the Citizens' Representatives Khural of the Capital City Bayar Amarbayasgalan and Deputy Governor in charge of Social Policy, Green Development, and Air and Environmental Pollution Amartuvshin Amgalanbayar met with Director of Energy Product Development at the Asian Development Bank Cindy Cisneros-Tiangco and other officials.
The sides exchanged views on initial investment and infrastructure development required for introducing solar energy in Ulaanbaatar’s ger areas.
This year, the capital city plans to insulate 51,000 households and convert to gas or electric heating. Households that fully shifted to gas or electric heating will be eligible for utility subsidies. The city also plans to expand policies promoting solar panels, renewable and hydrogen energy, and residential development.
Deputy Governor Amartuvshin noted that the capital aims to connect 1,000 households to solar energy by 2028, with 47 households connected last year and 200 more to follow in the Chingeltei District this year.
The Asian Development Bank representatives emphasized that it is effective to develop and introduce renewable energy technologies that suit the winter climate of Mongolia and implement technical assistance projects. They also expressed their view that as solar and wind power production costs less and relies on domestic resources, it will greatly contribute to Mongolia’s energy security and independence.
The parties agreed to sign a project agreement on transitioning ger districts from coal to solar energy during their next meeting.

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Agreement Reached to Export 2,000 Tons of Horse Meat and Halal-Processed Mutton www.montsame.mn

 The Republic of Uzbekistan has agreed to purchase an initial shipment of 2,000 tons of horse meat and halal-processed mutton from Mongolia.
Minister of Food, Agriculture, and Light Industry of Mongolia Enkhbayar Jadamba welcomed the non-resident Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Mongolia, Farhod Arziev, as well as Deputy Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, Ilzat Kasymov, and other representatives. At the meeting, Mr. Enkhbayar Jadamba noted that Mongolia is open to cooperation in the production of halal meat.
The parties discussed collaboration in the fields of agriculture, animal husbandry, veterinary services, and plant quarantine within the framework of the Comprehensive Partnership between Mongolia and the Republic of Uzbekistan established through recent reciprocal Presidential State Visits.
Minister Enkhbayar Jadamba underlined the wide potential for short-term cooperation between Mongolia and the Republic of Uzbekistan, emphasizing trade and economic relations as the foundation of active bilateral ties. The Minister expressed that the Mongolian agricultural and light industries will fully support mutually beneficial cooperation that protects the interests of both sides to increase trade turnover to USD 100 million.
The two sides agreed to a unified quarantine and tariff policy and to take all necessary measures to ensure smooth bilateral trade, as well as to finalize necessary agreements and lists of goods soon.
Furthermore, the Republic of Uzbekistan confirmed plans to purchase 100,000 live sheep and goats from Mongolia, while Mongolia expressed its intention to decide on the possibilities of providing export fee relief. The Republic of Uzbekistan has resolved transportation issues, and as of 2024, Mongolia has exported 7,000 live sheep to the country.
To further expand cooperation, the Republic of Uzbekistan expressed interest in importing leather, wool, and cashmere from Mongolia and agreed to share experiences in the fruit, vegetable, and light industry sectors, reported the Ministry of Food, Agriculture, and Light Industry of Mongolia.

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Mongolia’s Petro Matad begins oil production at Heron-1 well www.investing.com

Petro Matad Limited, an AIM-quoted Mongolian oil company, has commenced oil production from its Heron-1 discovery well in October 2024, marking a significant milestone for the company as it becomes only the third oil producer in Mongolia.
The well has produced over 45,000 barrels to date, initially on natural flow and now using artificial lift, according to the company’s final results statement for the year ended December 31, 2024. Petro Matad recently signed an oil sales agreement with neighboring operator PetroChina and received its first payment in June 2025, though 30% of revenue is being withheld pending resolution of concerns raised by PetroChina.
The company’s 2024 drilling campaign delivered mixed results. The Heron-2 well, spudded in September 2024, showed lower productive potential than Heron-1 and was suspended pending further analysis. The Gobi Bear-1 exploration well also yielded ambiguous results requiring additional study.
In January 2025, Petro Matad was awarded Block VII in Mongolia’s Exploration Licensing round, expanding its portfolio beyond its existing Block XX Production Sharing Contract.
Financially, the company reported a net loss after tax of $10.92 million for 2024, compared to a $5.9 million loss in 2023. Petro Matad raised $9.4 million through an oversubscribed equity offering to fund its 2024 work program and ended the year with a cash position of $3.65 million.
The company’s renewable energy joint venture, Sunsteppe Renewable Energy, has expanded its portfolio to include four projects ranging from 24MW to 1,500MW capacity.
"After many years, 2024 finally saw Petro Matad start oil production," said CEO Mike Buck in the press release statement.

 

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Gender Gap Ranking of Mongolia Advances 20 Places www.montsame.mn

The implementation and outcomes of actions aimed at ensuring gender equality were presented at the Cabinet session on June 25, 2025.
According to the Global Gender Gap Index, published annually by the World Economic Forum, Mongolia ranked 65th out of 148 countries in 2025, with advancement of 20 places from its 85th position among 145 countries in 2024. Among the sub-indices, education and health indicators remained stable and showed continued progress, while women’s political participation improved significantly, rising from 120th to 99th place. Female labor force participation also advanced, moving from 43rd to 20th place, leading to an overall rating of “improved progress.”
In accordance with the Law on Ensuring Gender Equality, the Government is required to submit a report on the implementation and outcomes of gender equality policies to the State Great Khural. The report will be submitted to the State Great Khural for the third time since 2021.

 

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Huge pit of slaughtered animals found in Mongolia. Scientists know what happened www.discoverwildlife.com

The bones of sheep, goats, horses, dogs, gazelles and catfish uncover a forgotten story of survival on the Liao Empire’s remote northern frontier, say archaeologists.
In a recent excavation in the remote steppe of northeastern Mongolia, archaeologists uncovered an enormous deposit of animal bones at a former garrison site – known as Site 23 – on the forgotten frontiers of the medieval Liao Empire.
Dating to around 1050, the bones paint a vivid picture of how people – likely soldiers, their families and support staff – survived in this challenging landscape almost 1,000 years ago.
Findings from the research, led by Tikvah Steiner at the Hebrew University of Jerusalem, have been published in the journal Archaeological Research in Asia.
The study focuses on a long-overlooked part of the Liao Empire, which ruled parts of northern China and Mongolia between 916 and 1125.
While the empire is remembered in grand historical texts for its emperors, cities and military campaigns, there is little mention of the people who lived along the Liao’s vast 4,000km border wall – the discovery of over 7,000 animal bones from this isolated site offers rare insight into their world, says Steiner.
The animal remains include bones from sheep, goats, horses, dogs, gazelles and catfish, many of which show signs of butchery, burning or toolmaking. The presence of tools made from bone, such as ornaments and a rare whistling arrow, reveals that this community was highly resourceful, using every part of the animal to meet their needs.
“What we found was not just a military checkpoint supplied by a central power," explains Steiner. "This was a self-sufficient group – perhaps of soldiers, perhaps of civilians – managing livestock, crafting implements from bone, hunting and fishing in the local environment, possibly receiving some sort of supplies from the central power, and making choices about which animals to slaughter and when, all in a challenging and isolated environment.” Horse breeding was also likely part of daily life. 
The discovery of numerous neonatal animal remains, particularly lambs and puppies, may indicate that the community endured severe environmental stress – possibly a late spring freeze or other climatic disaster, explains Steiner. Such events are recorded in historical accounts of the Liao Empire’s later years, when food shortages and natural disasters strained the state’s control.
One particularly telling detail is the discovery of cattle bones split to extract marrow – an indication that food may have been scarce at times, pushing people to make full use of every possible nutrient source. It’s a small but powerful insight into how harsh life could be on the empire’s frontier.
Though the long wall built by the Liao dynasty is monumental in scale, its purpose and the lives of those who lived along it remain largely unexplored.
“The historical texts focus on emperors, not outposts,” says professor Rivka Rabinovich, who was also involved in the study. “But archaeology lets us hear the voices of those who lived, worked, and died far from the palace. These bones are a form of testimony.”
BY Daniel Graham Content editor
Danny writes about wildlife, conservation and the environment.

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Mongolia solar project Tender Launched for 19.8 MW Myangad Initiative www.pvknowhow.com

Mongolia solar project and the Nation’s Renewable Energy Push: The Myangad Initiative
Mongolia has taken a significant step forward in enhancing its renewable energy landscape with the launch of a tender for the Myangad solar project. This 19.8 MW solar power plant is set to be developed in the Khovd province, a strategic move that aligns with the goals set by the New Millennium Challenge Corporation Compact. This initiative not only reflects Mongolia’s commitment to sustainable energy but also highlights its efforts to integrate renewable solutions into its national energy mix.
Mongolia solar project Overview and Key Features
The Myangad solar project is poised to become a cornerstone in Mongolia’s renewable energy sector. With a capacity of 19.8 MW, this solar plant promises to supply clean electricity to thousands of households, significantly reducing the country’s reliance on fossil fuels. This project is particularly crucial for the Khovd province, which stands to benefit economically and environmentally from renewable energy adoption.
Context and Significance of the Mongolia solar project
Mongolia’s decision to invest in solar energy is part of a broader strategy to harness its abundant natural resources. The nation is stepping up efforts to diversify its energy sources, aiming to mitigate the impacts of climate change and fulfill its international commitments to reduce carbon emissions. As part of the New Millennium Challenge Corporation Compact, this project is also a testament to international cooperation and support for Mongolia’s sustainable development objectives.
Global Impact and Broader Renewable Energy Initiatives Linked to the Mongolia solar project
Mongolia’s solar project is part of a global trend toward renewable energy. Similar initiatives are taking place worldwide, such as the Rwanda solar schools initiative, which aims to electrify 1,000 schools by 2025. These projects highlight the growing recognition of solar energy as a viable solution for sustainable development and economic growth.
Furthermore, companies like SolarBank are advancing renewable energy projects across North America. For example, SolarBank’s 6.9 MW solar project in Brooklyn, Nova Scotia demonstrates the widespread adoption and success of solar power as a clean energy alternative.
Conclusion: The Future of Sustainable Energy Through the Mongolia solar project
The Myangad solar project represents a significant advancement in Mongolia’s journey towards a sustainable and renewable future. By investing in solar energy, Mongolia not only contributes to global climate goals but also strengthens its own energy security and economic resilience. As the world continues to shift towards greener energy solutions, projects like Myangad set a precedent for other nations to follow in the pursuit of sustainable development.

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“Gold-3” Campaign to Be Launched Nationwide www.montsame.mn

To increase Mongolia's foreign exchange reserves, ease pressure on the balance of payments and the tugrug exchange rate, and ensure macroeconomic stability, the Government of Mongolia has resolved to launch the “Gold-3” Campaign nationwide. In connection with this, a draft Resolution will be submitted to the State Great Khural of Mongolia for further consideration.
Minister of Mining and Heavy Industry of Mongolia, Damdinyam Gongor, stated, “Due to the worsening global geopolitical situation, oil prices on the international market have been highly fluctuating, with future trends uncertain and unpredictable. In response, the Government of Mongolia has instructed to take the following measures:
-Increase procurement and stockpiling of petroleum products to the maximum extent possible, in collaboration with fuel-importing enterprises;
-In cooperation with the Bank of Mongolia, study the possibility of securing concessional financing sources to increase petroleum reserves and prepare proposals accordingly;
-Continue the previous efforts to construct national petroleum storage facilities.”

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Mongolia Rated “Very High” in the United Nations E-Government Development Index www.montsame.mn

The United Nations has rated Mongolia at a “very high” level in its latest E-Government Development Index (EGDI), marking a significant advancement from its previous “high” ranking.
Mongolia climbed 28 positions, now ranking 46th worldwide and 13th among Asian countries, which is considered a noteworthy achievement.
During the Public Service Forum 2025, co-organized by the United Nations Department of Economic and Social Affairs and the Government of the Republic of Uzbekistan, 12 countries received certifications in recognition of the progress made between 2022 and 2024 on digital government development, based on data from the United Nations "E-Government Survey".
Representatives from the Ministry of Digital Development, Innovation, and Communications of Mongolia participated in the forum’s Ministerial Roundtable Session on “Transforming the Public Sector for a Sustainable Future,” sharing experiences, policies, and achievements of Mongolia. The forum,  which convened over 400 delegates from more than 100 countries, highlighted the growing demand for efficient and accessible public services to meet the 2030 Sustainable Development Goals and introduced global trends toward the use of e-governance, innovation, data-driven solutions, and artificial intelligence in transforming public services. The Public Service Forum 2025 served as a vital platform for exchanging global best practices.

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Increased disaster readiness declared in Selenge province www.gogo.mn

As of June 26, 2025, forest fires have broken out in parts of Erdene and Selenge soums of Tuv province, prompting emergency efforts to bring the situation under control and fully extinguish the blazes.
Due to the recurrence and severity of wildfires in Selenge province, which pose a serious threat to the environment, local authorities have elevated the region to a status of "increased level of disaster preparedness" as of yesterday.
Fires have been reported in Tushig, Khuder, and Yeruu soums in Selenge province. In response, a total of 411 personnel from the National Emergency Management Agency (NEMA), the National Rescue Brigade, the Darkhan and Selenge province emergency services, and the Armed Forces have been deployed.
The firefighting operation involves 24 vehicles, 1 Armed forces helicopter, 101 local volunteers, and 18 vehicles. Authorities are continuing their efforts to prevent the spread of the fires and ensure the safety of local communities and ecosystems.

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