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

Mongolia reports 377 new cases of COVID-19, two coronavirus-related deaths www.montsame.mn

At the regular press briefing of the Ministry of Health today on March 31, it was reported that 377 new cases were detected in Mongolia.
Specifically, there were 328 new cases detected in the capital and the rest were recorded in the provinces.
As of today, the total number of COVID-19 confirmed cases in Mongolia stands at 8447, of which 7000 cases were recorded in Ulaanbaatar and 910 in provinces.
In the past 24 hours, 95 people have been discharged from the hospital, bringing the total number of recoveries to 4,920. Today 1,902 patients are receiving treatment at hospitals of the capital city and provinces. Of the patients, 1,637 are in mild, 219 are in serious, 34 are in critical and 12 are in very critical health condition.
Also, the Head of the Surveillance Department of NCCD J. Baigalmaa said that two patients aged 69 and 84, who were receiving treatment died due to COVID-19 complications, which brings the total number of coronavirus-related deaths in the country to 12.
...


64x64

Mongolia to receive additional financing from ADB for child allowances www.news.mn

The Asian Development Bank (ADB) has approved a USD 73 million loan to improve social welfare support for the poor and vulnerable, especially women and children, to mitigate the socioeconomic impacts of the coronavirus pandemic in Mongolia.
The project will specifically expand the child money programme, which provides universal cash grants to all children aged 0–17. The ADB will finance a share of the extended shock-responsive increase in the monthly child grant benefits until June 2021. This follows on from the earlier top-ups supported under an emergency assistance loan from April to September 2020. The total project cost is $259.64 million, which includes government financing of $186.64. It is expected to be completed in 2023.
However, the Mongolian Government has already approved MNT 864 billion for monthly childallowances in the 2021 State Budget.
As early as May 2020, nearly three-quarters of all Mongolian households and 85% of poor households reported experiencing some sort of economic shock. Nearly two-thirds (64%) of all households reported an increase in food prices, while nearly three-quarters (73%) of self-employed workers experienced income loss. About 70% of farmers and herder households reported a decline in income compared with the previous year.
...


64x64

Mongolia's Dust Storm Spreads to China, Japan and South Korea www.weather.com

Beijing saw its second duststorm in less than two weeks on Sunday, and the dust kept skies hazy in Shanghai on Monday and Tuesday as well.
The dust storm made the sun appear blue in Beijing on Sunday, as visibility was near zero and air pollution levels were measured at 500, which is the maximum level in China.
The dust also made its way to western and northeastern Japan and parts South Korea, and may continue into Wednesday, Japan Today reported.
The China Meteorological Administration issued a yellow alert on Friday ahead of the storm, which spread from Mongolia into northern Chinese provinces including Inner Mongolia, Shanxi, Liaoning and Hebei. The administration also advised citizens to stay home if possible.
The dust storm forced flight delays and cancellations in northern China, and in Inner Mongolia, about 60% of flights were canceled at Chifeng Airport and 50% were canceled at Baotou Airport on Sunday, according to the South China Morning Post.
The China Meteorological Administration said that a relatively warm spring and reduced rain in Mongolia are contributing to the recent dust storms. Click through the slideshow above to see how the dust storms are affecting several countries across Asia.
The Weather Company’s primary journalistic mission is to report on breaking weather news, the environment and the importance of science to our lives. This story does not necessarily represent the position of our parent company, IBM.
...


64x64

WTO: Impact of COVID-19 severely hitting Mongolian economy hard www.news.mn

Mongolia’s trade policies and practices have been reviewed by the World Trade Organisation (WTO) between March 17 and 19.
The chairman of the meeting, Ambassador Herald Aspelund, noted in his concluding remarks, ” The impact of COVID-19 has severely affected the Mongolian economy, albeit with Government intervention, mainly in the form of stimulus packages, it was hoped that the economy would recover quickly and accelerate.”
“Despite these positive trends, Mongolia’s economy remained heavily reliant on a few sectors and its trade was concentrated in terms of products and markets, thus the Members felt that there was a strong need to diversify. This issue was recognised by the Government as one of its top national policy priorities, as addressed in Mongolia’s Economic Recovery Programme and the Mongolian Export Programme, among others. Merchandise exports and imports reached a record high of USD 13.7 billion in 2019 and the trade balance remained positive for many years, but several Members noted that Mongolia had yet to reach its trade potential.”
Many members applauded Mongolia’s contributions to the Multilateral Trading System including through its coordinating role of the Asian Group of Developing Countries and its contribution the group of Landlocked Developing Countries. Mongolia’s ratification of the Trade Facilitation Agreement, its support of the Buenos Aires Declaration on Women’s Economic Empowerment, and its participation in various Joint Statement Initiatives were viewed as particularly welcome developments during the period.
Mongolia’s positive developments in the area of trade facilitation were recognised as it had undertaken significant efforts to improve trade facilitation and modernise its customs procedures. This was particularly important given Mongolia’s geographical location as a landlocked country and as an important transit corridor along the old Silk Road. The adoption of the National Trade Facilitation Roadmap, the establishment of the National Trade Facilitation Committee, the development of the single window application, and creation of electronic data exchange were all important steps taken to make improvements in this area.
Nevertheless, some Members noted that they still faced difficulties with Mongolia’s customs clearance and inspection procedures. In their interventions, Members referred to remaining challenges in a number of areas. Mongolia’s SPS regime was characterised as lacking alignment with international SPS standards and Mongolia was encouraged to make improvements in this area. Import quotas on certain agricultural products were seen as problematic on several fronts, including what some Members saw as possible inconsistency with WTO obligations.
The importance of strengthening good governance, improving transparency and the legal environment were also recurrent themes during discussions. Transparency was identified by several Members as needing improvement on a number of fronts, including in the areas of government procurement, investment laws and regulations, regulatory and legislative processes, and permits and licensing processes for imported goods. Securing an independent judiciary and upholding the rule of law were identified as key elements in enhancing governance. (WTO)
...


64x64

Erdenes Tavantolgoi JSC’s bonds trading launched www.montsame.mn

‘Erdenes Tavantolgoi’ JSC is offering bonds worth MNT600 billion to the public. The Financial Regulatory Committee registered the ETT’s bonds in the securities registry. Today, March 30, trading orders of the bonds have begun at the Mongolian Stock Exchange. In particular, bonds worth MNT600 billion have been issued in currencies of Mongolian tugriks (MNT) and US dollar (USD) with the maturity of 24-36 months, par value of MNT100,000 and USD100.
A ceremony to launch the trading of dual currency bonds was attended by Deputy Minister of Mining and Heavy Industry O. Batnairamdal, head of the Financial Regulatory Committee D. Bayarsaikhan, Executive Director of Mongolian Stock Exchange O. Altai and CEO of Erdenes Tavantolgoi JSC B. Gankhuyag.
At the ceremony, CEO B. Gankhuyag said that the implementation of major projects such as the construction of strategically important railways Tavan Tolgoi-Gashuunsukhait, Tavan Tolgoi-Zuunbayan, and 450MB power and thermal power plants will be financed with bonds.
Erdenes Tavantolgoi JSC offers debt instruments to the public in three phases to raise up to MNT 2 trillion. It is expected to fund the major infrastructure projects such as railway, power plant, coal processing plant which the Government plans to implement in 2020-2024, with the money raised in the domestic capital market.
...


64x64

SEC suggests to impose another strict lockdown measures April 3-18, cabinet to decide www.montsame.mn

In recent days, Mongolia has recorded the highest daily increases of new coronavirus infections since the first community transmission detected in the country in November 2020. In connection with Mongolia's daily COVID-19 case counts, which have been at least 300 and up to 600, the State Emergency Commission yesterday, March 29, convened for an online meeting.
The meeting heard presentation by the Ministry of Health on the COVID-19 situation and response measures with suggestion to scale the country’s coronavirus emergency regime level of current Orange Level up to Red Level or the all-out-readiness regime preparedness starting from April 3, Saturday, until April 18, Sunday.
The SEC supported the Health Ministry’s suggestion and decided to submit the proposal for the cabinet’s discussion. The cabinet is expected to review the matter at this week’s regular meeting scheduled on March 31, Wednesday.
Under the Red Level regime, which is regulated to be issued when large-scale community infections of COVID-19 are recorded among general population, operations of all types of non-essential public and private organizations and individuals are restricted and special measures for strict lockdown and quarantine are implemented.
...


64x64

Mongolia to produce 55 percent of petroleum consumption domestically by 2024 www.montsame.mn

Mongolia’s annual consumption of petroleum products reaches 1.95 million tons, according to the Ministry of Mining and Heavy Industry. The country is fully dependent on imports to meet this demand, spending around USD 1 billion annually and the petroleum consumption in a year is expected to rise to 2.5 million by 2024.
The Mining Ministry has informed that the oil refinery development project underway by the government of Mongolia in Altanshiree soum of Dornogobi aimag with investment equal to one-year import cost of petroleum products is capable to produce 1.5 million tons of petroleum each year, including 824,000 tons of diesel, fuel, 339,000 tons of motor fuel, 80,000 jet fuel, 47,000 tons of solid fuel, 43,000 tons of liquefied gas, which are enough to provide 55 percent of total domestic consumption.
The ongoing oil refinery project consists of development of its main technological facilities, power plant, water supply facility, loading and unloading facility, storage, reservoir, conveyer, railroad and auto road. The proect developments are continuing as per schedule, and during its implementation, the project operation is employing around 6,000 workers and once completed, the project is expected to create 600 permanent job places, according to the Mining Ministry.
...


64x64

Wool and cashmere factories commit to sustainable textile production www.montsame.mn

A total of 18 national textile industries have joined to a Voluntary Code of Practice (VCP) for Mongolian sustainable textile production, agreeing for an environmentally-friendly, socially sound, and economically viable production.
The Voluntary Code of Practice aims to enhance and ensure a strong sustainability profile of the Mongolian wool and cashmere industry, allowing for better recognition in the global wool and cashmere market and increased sales due to a sustainability performance that stands out against ordinary textiles. Thus, it has importance to enhance their access to European and other global markets which are increasingly demanding sustainable textile goods.
Voluntary Code of Practice for Mongolian sustainable textile production is the first step of the Mongolian wool and cashmere industry towards the achievement of an internationally acknowledged sustainability standard allowing credible communication of their sustainability performance. It acts as a national benchmark of sustainable production for the Mongolian wool and cashmere processing enterprises.
VCP is composed of a set of criteria that the companies need to meet in order to apply for and to become qualified for higher-level recognition and internationally accredited certifications. Compliance with the VCP’s criteria will enable the Mongolian wool and cashmere industry to demonstrate their engagement towards the demands for sustainable production and reports to the customers about their positive changes of environmental and social profile.
Through Voluntary Code of Practice for Mongolian sustainable textile production the signatory parties will contribute to reducing the environmental and social impact of wool and cashmere production and increase competitiveness of the sector in comparison with not sustainably produced wool and cashmere products. This initial collaboration will allow the goals to be reached rapidly, cost-effectively and at greater scale than by working alone.
The Voluntary Code of Practice for Mongolian sustainable textile production was elaborated within Sustainable textile production and Eco labelling project, implemented by the AVSF Mongolia with financial support from the European Union, and is as a result of an extensive collaboration of key sectoral stakeholders, including the Mongolian wool and cashmere Association and German Center for sustainable consumption and production.
...


64x64

Turquoise Hill’s Oyu Tolgoi declares force majeure on some Chinese contracts www.reuters.com

Turquoise Hill Resources Ltd said on Tuesday its Oyu Tolgoi mining unit in Mongolia declared force majeure on some Chinese contracts, after shipments to China were suspended due to covid-19 related restrictions.
The force majeure compounds problems at one of the world’s largest copper-gold-silver mine Oyu Tolgoi, which is already at the center of a protracted dispute between Turquoise and its top shareholder, Rio Tinto, over funding for the underground expansion of the mine.
Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting its obligations.
Rio owns 51% of Turquoise Hill, which owns 66% of the Oyu Tolgoi mine. The rest of the mine is owned by the government of Mongolia.
The force majeure is related to coronavirus-related restrictions at the Chinese-Mongolian border crossings, Turquoise Hill said on Tuesday, adding that it was working with Chinese officials to resume the shipments of copper concentrates to its Chinese customers.
Turquoise said that Oyu Tolgoi also confirmed two cases of covid-19 at the site that were managed in compliance with public health guidelines. It also said it has completed over 9,700 PCT tests at the site that have all confirmed negative.
Underground work at the mine was halted for the testing, while ongoing travel restrictions hit people’s movement from Mongolian capital Ulaanbaatar to the mine site, Turquoise said, adding Oyu Tolgoi is developing contingency plans to mitigate related risk.
Open pit mining continues to operate uninterrupted at Oyu Tolgoi, Turquoise Hill said.
(By Shariq Khan and Arathy S Nair; Editing by Shinjini Ganguli)
...


64x64

Russia joins global hydrogen race with planned exports to Asia www.rt.com

Russian energy giant Gazprom is planning to start hydrogen exports to China, South Korea and Japan, the company’s First Deputy Oleg Aksyutin wrote in his column in the latest issue of business and science magazine Energy Policy.
According to the senior manager, the shipments of hydrogen could be supplied to Asia by rail, road and water.
“Production of hydrogen in the Russian Far East […] with subsequent export of it to such consumers as Japan, South Korea and China, is of particular interest,” Aksyutin wrote.
He added that the procedures for transporting the raw material to Asia requires an appropriate legal framework concerning taxation and customs regulation, as well as the development of logistics infrastructure.
“In the short-term, Russia and its Asian partners should develop cooperation on exchange of technologies for hydrogen transportation, and for fixation, storage and usage of carbon dioxide,” Aksyutin said, stressing that, on the medium- and long-term horizon, export supplies of hydrogen are possible if there’s commercial demand among potential importers.
Last year, the government included hydrogen energy in Russia’s energy strategy. According to the document, the country is planning to export 200,000 tons of hydrogen by 2024, and to increase supplies to two million tons by 2035.
Exports of Russian hydrogen to Japan are currently under the control of Russian state-run corporation Rosatom. In September 2019, Rusatom Overseas, the company’s subsidiary, and Japan’s Agency for Natural Resources and Energy, signed an agreement to export hydrogen from Russia to Japan.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook