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    

Category

Events

Events

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

NEWS

64x64

Jack Ma becomes over $2 billion richer in 1 day after record Alibaba fine www.rt.com

A multibillion-dollar fine slapped on Alibaba by Chinese regulators has given a huge boost to the e-commerce giant’s shares, and to the fortune of founder Jack Ma.
Hong Kong-listed shares of Alibaba have rallied for two days in a row. After a strong opening in Hong Kong on Tuesday, they were up nearly 0.5% later in the day, adding to gains of more than 6% on Monday. The company’s US-listed shares surged more than 9% on Monday, marking the biggest growth in almost four years.
The founder of the online giant, Jack Ma, gained from the rally. According to the Bloomberg Billionaires Index, his net worth grew by $2.3 billion to hit $52.1 billion. He is currently the 25th richest man in the world, and the third richest person in China.
Over the weekend, China’s market regulators imposed an 18.2 billion yuan ($2.8 billion) fine on Alibaba, which amounts to 4% of the company’s revenues in 2019. Despite the penalty being the highest of its kind on record, it’s still better than the maximum possible under Chinese law.
The authorities ruled that the online giant was involved in anti-competitive practices, forcing merchants to avoid rival e-commerce platforms. Alibaba immediately accepted the fine, promising to ensure a more open operating environment for its merchants and partners.
Just two days after Alibaba was fined, another crown jewel of Jack Ma’s business empire, fintech company Ant Group, was ordered to restructure as a financial holding company. The move could affect investor interest in the firm and may have an impact on its attempt to go public. Ant’s IPO, which could have been the biggest in history, was abruptly halted last year over regulatory concerns.
...


64x64

Mongolian peacekeepers treat and evacuate wounded after cattle raid attack near Mayom www.reliefweb.int

Together with local authorities and the South Sudan People’s Defence Forces, a group of 19 Mongolian peacekeepers based in Mayom recently treated and evacuated 27 persons who were wounded during a cattle raid claiming several lives.
The attack, which according to local sources claimed at least 19 lives, reportedly took place in Bouda, Warrap State, near Majok River and Unity State.
Receiving information about the violent cattle raid, peacekeepers based in the temporary operating base in Mayom sprang into action and went to the area of the attack to monitor the situation.
Together with the Mayom County Commissioner James Chuol Gatluak and Brigadier General Ajang, the Mongolians left their base shortly before 8 in the morning and reached the Majok River about three hours later.
“We could not cross the river by car, but with armed personnel carriers from the South Sudan People’s Defence Force wounded survivors could be taken across for medical first aid by us and doctors from the Ministry of Health,” recounted Major Gantumur Badrakh, one of two Mongolian officers in charge of the operation.
It took a total of six hours to transport all the wounded survivors to the side of the river where emergency medical care could be given.
“Among the 27 wounded persons, at least five were young girls aged between 6 and 16 years, with two of them in a critical condition. Most of the injured were women, children and youth,” said Major Tuvshinjargal Erdenebileg, the other Mongolian officer commanding the UN troops, adding that the number of casualties was expected to increase.
All patients were taken to the hospital in nearby Mankien for further treatment.
The United Nations Mission in South Sudan has established several temporary operating bases in particularly conflict-prone locations across the country. The presence of peacekeepers in these areas aims to protect civilians by deterring violence.
...


64x64

Construction of Deluun Boldog airport commences www.montsame.mn

The construction of Deluun Boldog airport in Dadal soum of Khentii aimag has begun on April 9. A local company is executing construction work of the airport from 2021 to 2022.
The Civil Aviation Authority of Mongolia launched plans to upgrade the airport in Dadal soum in 2016 as part of the government’s goal to make Khentii aimag a tourism region. The airport construction that was initially set to begin last fall has been postponed due to COVID-19.
...


64x64

885 new COVID-19 cases and two COVID-19-related deaths reported www.montsame.mn

885 people were tested positive for coronavirus nationwide in the last 24 hours. It means the highest number of cases within a day since the first locally confirmed case was recorded.
Of the newly detected cases, 836 were registered in Ulaanbaatar city, 48 in rural aimags while one hospital transmission case was reported.
As of today, the total number of COVID-19 cases in Mongolia has reached 16,603. In the past 24 hours, 371 people have been discharged from hospital, bringing the number of recoveries to 9,887.
Currently, 2667 people are undergoing treatment, of whom 19 are in very critical health condition. In addition, two men aged 20 and 61 have died from coronavirus, which brings the total number of coronavirus-related deaths in the country to 27.
...


64x64

U.S. Government initiates $450,000 program for health workers to support Mongolia’s effort to combat COVID-19 www.montsame.mn

On April 14, The United States Agency for International Development (USAID) Senior Development Advisor Gary Robbins announced the launch of a $450,000 (Tugrik 1.3 billion) USAID program to support the Government of Mongolia’s COVID-19 response.
Through its Meeting Targets and Maintaining Epidemic Control (EpiC) project, USAID, in partnership with FHI 360, nonprofit human development organization, and the Mongolian Ministry of Health (MOH), will hold the initial “Training of Trainers (😭) course on Emergency Critical Care and COVID-19 Adult Case Management” for approximately 30 doctors and nurses involved in critical care management from rural or provincial hospitals throughout Mongolia.
This training course was developed by the University of California San Francisco (UCSF) and will be led by Dr. Lundy Campbell, an anesthesiologist and Clinical Professor at UCSF.
“The U.S. government commends the Government of Mongolia for taking decisive action to stop the spread of the virus. In the fight against COVID-19, the U.S. Government stands with Mongolia and other partners around the world,” said USAID’s Mr. Robbins.
With this additional commitment, the United States has provided almost $4 million (11 billion Tugrik) to help Mongolia respond to the COVID-19 outbreak. Through this assistance, USAID is focused on helping to strengthen Mongolia’s own ability to fight the disease and to support the following priority areas: 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 has been 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—out of a total planned $4 billion—to support the purchase and delivery of COVID-19 vaccines to 92 countries, including Mongolia.
Source: U.S. Embassy in Ulaanbaatar
...


64x64

Mongolia’s armed deserters found tracked down and arrested www.news.mn

Two Mongolian soldiers were arrested on Sunday for killing their commander and fleeing.
The 19-year-olds fled with two guns and over 40 bullets after shooting dead their commander at a border outpost in the Altai Soum (administrative subdivision) of the Gobi-Altai Province in western Mongolia on Thursday.
“This morning, the two soldiers were arrested 50 km from Altai Soum without any resistance and with the help of their parents,” said the police agency.
...


64x64

Mongolian Q1 coal exports soar 114% on year www.mysteel.net

Over January-March, Mongolia’s total coal exports surged 113.7% on year to 6.7 million tonnes, among which 93.5% were to China, and the second largest destination was Singapore, which accounted for 5.8% of the total, according to Mongolia’s Customs data on April 12.
China has always been the top destination of Mongolian coal exports, while Singapore’s portion grewfrom the 3.7% for 2020 and the 0.9% for 2019 whole year, according to the data. As for March alone, Mongolia exported 2.1 million tonnes of coal for all utilisations, up 5.7% on month.
...


64x64

Gazprom determines optimal route for pipeline to China via Mongolia, pre-feasibility study proves its cost-effectiveness www.interfax.com

MOSCOW. April 12 (Interfax) - Gazprom has identified the optimal route for the Soyuz Vostok gas pipeline via Mongolia to China; a pre-feasibility study has proved its cost-effectiveness.
The Russian gas giant said in a statement that the pre-feasibility study had been approved as part of a comprehensive analysis of the project to supply gas to China via Mongolia.
The Soyuz-Vostok pipeline will be routed via Mongolia and will be a continuation of the Russian Power of Siberia 2 gas pipeline.
The pre-feasibility study determines the optimal route of the gas pipeline route through the territory of Mongolia, its length, diameter, operating pressure and the number of compressor stations. Preliminary design indicators show the necessary economic effectiveness of the project's implementation.
The full feasibility study for the project, which will detail investment and operating expenditures, should be ready by the end of the year, as the joint working group set up by Gazprom and Mongolia's government stipulates in its plan of action. The special purpose company Soyuz Vostok Gas Pipeline is working in the study.
...


64x64

Australia, WHO work together to increase COVID-19 testing capacity in Mongolia www.montsame.mn

On April 9, Australia and the World Health Organization (WHO) signed a AUD 490,000 grant to assist the Government of Mongolia and WHO efforts in Mongolia to increase COVID-19 testing capacity. The funding will strengthen and expand PCR testing and diagnosis in Ulaanbaatar and key regional centers.
Signing on behalf of the Australian Government was HE Mr Dave Vosen, Australian Ambassador to Mongolia, while Dr Sergey Diorditsa, WHO Representative to Mongolia, signed on behalf of the WHO.
The “Surge capacity for early detection and active surveillance for COVID-19 in Mongolia” project will be managed by WHO Representative’s Office in Mongolia. In addition to increasing testing capacity, the project also aims to strengthen laboratory capacity in genomic sequencing of SARS-CoV-2. Australia’s contribution will help procure and mobilize additional testing supplies and reagents. This will increase the number of specimens available for testing.
Combined with Ministry of Health and WHO activities that continue to provide ongoing COVID-19 testing training for staff at national and regional laboratories, the funding will increase the number of tests enabling the detection of mild and asymptomatic cases in the early stages so potential complications due to COVID-19 can be prevented and detect variants of SARS-CoV-2 virus.
“Australia is a strong and active partner in Mongolia and is working hard to strengthen our region's economic recovery, its health security and its stability. This funding, in addition to our support for vaccine procurement and distribution is another tangible activity driven by Australia’s priorities under our Partnerships for Recovery strategy,” said HE Mr Dave Vosen.
“As part of these efforts, we are pleased to partner with the WHO Representative’s Office in Mongolia to help minimize the risk of local transmission of COVID-19 in Mongolia at this critical time.”
Thanking the Government of Australia for this very timely contribution to further strengthen the national laboratory capacity in Mongolia, Dr Sergey Diorditsa said, “In preparation for launching the project, WHO has provided support to train three laboratory technicians from the National Center for Communicable Diseases in genomic sequencing in Japan. The project will help Mongolia not only conduct testing and early detection, but will provide support to detect variants of the virus by enabling laboratories to do genomic sequencing.”
WHO Representative Office in Mongolia
...


64x64

Rio Tinto and Turquoise sign financing deal for Oyu Tolgoi expansion www.mining-technology.com

Rio Tinto has signed an agreement with Turquoise Hill Resources (TRQ) on an updated financing plan for the $2.3bn underground development of the Oyu Tolgoi copper-gold mine in Mongolia.
Claimed to be the world’s largest new copper-gold mines, the Oyu Tolgoi mine is located in Mongolia’s South Gobi region, approximately 550km south of Ulaanbaatar and 80km north of the Mongolia-China border.
Under the binding heads of agreement (HoA), Rio and Turquoise Hill agreed to restructure up to $1.4bn of debt payments with lenders.
It will also look to raise up to $500m of senior supplemental debt (SSD) for the project from selected international financial institutions under existing financing arrangements.
To address potential shortfalls from the re-profiling and additional SSD, Rio Tinto plans to provide up to $750m through a co-lending facility.
Rio Tinto Copper CEO Bold Baatar said: “This agreement and alignment with TRQ represents a major milestone in the continued development of Oyu Tolgoi, which is expected to become one of the world’s largest copper mines and a significant contributor to the Mongolian economy for years to come.
“Commencing the re-profiling whilst concurrently listening, engaging and resolving the concerns of the Government of Mongolia are critical steps to maintaining momentum on the timely delivery of the Oyu Tolgoi underground project.”
Through Erdenes Oyu Tolgoi, the Mongolian Government has a 34% stake in the Oyu Tolgoi copper-gold mine.
Turquoise Hill Resources holds the remaining 66% in the mine, which is located in the South Gobi region. Rio Tinto owns a roughly 50.8% stake in Turquoise Hill Resources.
According to estimates, the Oyu Tolgoi mine has the potential to operate for approximately 100 years from five known mineralised deposits.
The first of the deposits, namely the Oyut deposit, started production as an open-pit operation in 2013.
A second deposit, Hugo North (Lift One), is being developed as an underground operation.
In February, the Financial Times reported that the Mongolian Government is considering scrapping the deal with Rio Tinto to expand the Oyu Tolgoi project.
A new agreement with improved terms for the project is planned to be signed by the government with Rio Tinto, the report said.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook