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    

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

Term deposits in foreign currency increased by 74.7 percent from last year www.montsame.mn

Ulaanbaatar/MONTSAME/. The national currency in circulation reached MNT 950.1 billion at the end of September 2020, increased by MNT 21.9 billion (2.4%) from the previous month, and MNT 60.3 billion (6.8%) from the same period of the previous year.
At the end of September 2020, the term deposit in domestic currency amounted to MNT 11.6 trillion, increased by MNT 216.9 billion (1.9%) from the previous month, and increased by MNT 779.6 billion (7.2%) from the same period of the previous year.
The composition of the total term deposit in domestic currency shows that 89.4 percent (MNT 11.6 trillion) were individuals deposits and 10.6 percent (MNT 1.2 trillion) were entities deposits.
The term deposits in foreign currency amounted to MNT 5.1 trillion, increased by MNT 438.8 billion (9.4%) from the previous month and MNT 2.2 trillion (74.7%) from the same period of the previous year.
Source: National Statistics Office
...


64x64

Mongolian coal exports might rise as China halts Australian shipments www.amaradiya.wixsite.com

China has given ‘verbal notice’ to state-owned power companies and steel mills to stop importing Australian coal ‘immediately’, according to a report in S&P Global Platts.
The newswire’s sources said that Huaneng Power International, Datang International Power Generation Company, Huadian Power International and Zhejiang Electric Power all received verbal notice to stop buying Australian thermal and coking coal.
Thermal coal is used for electricity generation, whilst coking coal has a higher energy content and is generally used for making steel.
China restricted imports of cheaper Australian thermal coal in May this year but left higher value Australian coking coal untouched. Australian media have cited the resumption of steady coal supplies from Mongolia, which dropped due to pandemic-related border closures in the first half of the year, as one reason for China to now target Australian coking coal.
Relations between Canberra and Beijing have plummeted and other Australian sectors, including barley and wine, have also been hit by Chinese tariffs and investigations.
Australian media also cited an unnamed Chinese source in a state-owned enterprise as saying that Australian coal imports would now face ‘more challenges’ than Mongolian coal.
“If there are discriminative treatment of countries among largest coal exports to China such as Mongolia, Indonesia, and Australia, the Australian coal will certainly be under tighter control," the source told The Age and the Sydney Morning Herald. "Australian coal will face the most challenging difficulty during custom clearance among all foreign countries."
The number of coal trucks crossing the Mongolian border into China has increased in recent months, with over up to 2000 reportedly crossing this week.
S&P Global Platts also reported that offers on Mongolian and Australian coal at Jingtang Port are currently sitting around the same price point.
...


64x64

China Bans Australian Coal Imports as Political Relations Sour www.bloomberg.com

China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.
Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.
The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of commodities. It isn’t clear when the halt might end or how it might affect long-term contracts that are already in place.
The fossil fuel has been a previous target for China’s ire with what it regards as an increasingly hostile government in Canberra, most recently in 2019 when shipments became subject to port delays. It’s one of the few resources in which China is largely self-sufficient, as it mines and burns about half the world’s supply, and its utilities use lower-quality thermal coal for just a small fraction of their needs.
Higher-quality coking coal is a different story. China produces less of it and the country’s steel-making giants are still reliant on overseas suppliers, where Australia is dominant, typically accounting for over half
China is, overwhelmingly, the key buyer of Australia’s most lucrative export, iron ore, although curbs on that product would be a heavy blow to a steel industry that relies on vast -- and cheap -- supplies from mining heavyweights like Rio Tinto Group and BHP Group.
More broadly, China keeps a tight grip on coal imports as it seeks to balance the needs of its miners and industrial users. The fuel still accounts for over half of its energy needs, but is falling out of favor, albeit gradually, as China shifts to cleaner burning energy to cut pollution and meet increasingly ambitious climate goals.
“We are aware of these reports and have had discussions with Australia’s resources industry, who have previously faced occasional disruptions to trade flows with China,” Trade Minister Simon Birmingham said in a statement. “Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits.”
BHP Group, Australia’s biggest exporter of coking coal, didn’t immediately respond to a request for comment. China Baowu Steel Group, the nation’s biggest mill, declined to comment. The news of the coal ban was first reported by outlets including S&P Global Platts and Argus Media.
— With assistance by Jason Rogers, Steven Yang, Qian Chen, Matthew Burgess, Alfred Cang, David Stringer, and Winnie Zhu
...


64x64

Mining and quarrying gross output decreased by MNT 2.1 trillion www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the preliminary results, the gross industrial output reached MNT 11.1 trillion in the first nine months of 2020, decreased by MNT 2.3 trillion (17.2%) from the same period of the previous year. This decrease was mainly due to MNT 2.1 trillion (21.5%) decrease in the mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 62.4 billion (7.9%) compared to the same period of the previous year.
By preliminary results, the mining and quarrying gross output reached MNT 7.6 trillion, in the first nine months of 2020, decreased by MNT 2.1 trillion (21.5%) from the same period of the previous year. This decrease was mainly due to declines in the mining of coal and lignite by MNT 2.2 trillion (52.8%) and the extraction of crude petroleum by MNT 503.6 billion (66.0%) compared to the same period of the previous year.
In September 2020, the gross industrial output reached MNT 1.7 trillion, increased by MNT 270.1 billion (19.4%) from the previous month. This increase was mainly due to MNT 268.3 billion (28.0%) increase in mining and quarrying output.
As of the preliminary results of the mining and quarrying sector, in the first nine months of 2020, fluorspar, extraction of iron ore, and gold increased by 5.0-35.1 percent compared to the same period of the previous year. In the manufacturing sector, alcohol, pure water, soft drink, juice, production of alcoholic beverage, wheat flour, cement, milk, and coal briquette increased by 0.6-56.9 percent compared to the same period of the previous year. Also, the production of masks increased by 12.5 times more compared to the same period of the previous year.
However, in the mining and quarrying sector, extractions of copper concentrate, brown coal, hard coal and crude oil decreased by 2.5-52.3 percent. In the manufacturing industry, productions of lime, cashmere products, copper cathode 99%, meat, metal steed, combed cashmere, concentrated coal and cigarettes decreased by 6.0-46.8 percent compared to the same period of the previous year.
By the preliminary results of the first nine months of 2020, the sales of industrial output reached MNT 12.7 trillion, decreased by MNT2.9 trillion (18.4%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 2.6 trillion (23.8%) decrease in sales of mining and quarrying and MNT 316.0 billion (8.2%) decrease in sales of manufacturing.
The sales of mining and quarrying output decreased by MNT 2.6 trillion (23.8%) compared to the same period of the previous year. This decrease was mainly resulted MNT 2.1 trillion (52.8%) decrease in sales of coal mining and MNT 477.7 billion (66.3%) decrease in sales of crude petroleum extraction, respectively.
In the total sales of industrial output, MNT 7.1 trillion (56.3%) was export, of which MNT 5.9 trillion (83.0%) was export of mining and quarrying output.
In the total of MNT 5.9 trillion export of mining and quarrying output, 65.5 percent was metal ores, 28.3 percent was of coal and lignite, 4.1 percent was crude petroleum, 2.2 percent was other mining and quarrying output.
In September 2020, the seasonally adjusted industrial production index was 115.8 (2015=100), decreased by 0.7 percent from the same period of the previous year. But it was increased by 5.3 percent from the end of the last year, and by 13.5 percent against the last month.
Source: National Statistics Office
...


64x64

Number of COVID-19 infections in Mongolia rises to 318 www.xinhuanet.com

The number of COVID-19 infections rose to 318 in Mongolia, according to the country's National Center for Communicable Diseases (NCCD) on Monday.
"A total of 2,027 tests for COVID-19 were conducted across the country in the last three days and three of them were positive," the NCCD's head Dulmaa Nyamkhuu said at a press conference.
Two of the latest three new cases are Mongolian nationals who returned home from Japan on a chartered flight on Saturday, and the rest one is a Mongolian transport driver who came back from Russia via Altanbulag border point on Oct. 8, Nyamkhuu said.
All 318 confirmed cases were imported and, among them, 310 patients have recovered from the disease.
The Asian country has not seen a single COVID-19 related death or local transmission so far. Enditem
...


64x64

Foreign visitors to Mongolia down 88.5 pct in first three quarters due to COVID-19 pandemic www.xinhuanet.com

The number of foreign visitors to Mongolia dropped 88.5 percent year on year in the first three quarters of 2020, according to the latest report released by the country's National Statistics Office (NSO) on Monday.
Mongolia received a total of 60,500 foreign visitors in the January-September period, the report said.
The sharp decline in foreign tourist arrivals is directly related to the prolonged containment measures due to the COVID-19 pandemic, according to NSO experts.
The Asian country entered a heightened state of readiness on Feb. 12 to prevent the spread of COVID-19, with measures including the suspension of international passenger flights. Enditem
...


64x64

Mongolia harvests 132.5 thousand tons of grain www.akipress.com

As of October 1, 205.9 thousand tons of potato, 132.5 thousand tons of grain, 78.5 thousand tons of vegetables have been harvested in Mongolia, the national news agency Montsame reports.
The harvested potato and vegetable increased by 19.0 and 67.4 thousand tons or 32.0 and 48.7 percent compared with the same period of the previous year. As for the grains, it was increased by 8.1 thousand tons or 6.5 percent.
Whereas, the amount of prepared hay went down by 274.8 thousand tons or 35.2 percent, fodder by 8.8 thousand tons or 42 percent and silage by 0.3 thousand tons or 37.3 percent respectively compared with the same period of the previous year.
...


64x64

Mongolia’s GDP to contract by 2-4 percent www.news.mn

Mongolia’s gross domestic product is projected to contract by 2 to 4 percent in 2020 due to the prolonged containment measures on the COVID-19 pandemic, the country’s central bank said on Friday, possibly sending the country into its first recession since 2009.
However, the country’s GDP is expected to recover at an annual growth rate of 8.2 percent next year, the Bank of Mongolia said in a statement.
The Asian country’s mining-dependent economy decreased by 9.7 percent year on year in the first half of 2020 due to restrictive coronavirus measures.
...


64x64

Former MP appointed as CEO of ‘Erdenes Mongol’ LLC www.news.mn

The Board Meeting of ‘Erdenes Mongol’ LLC made a decision on 12 October to appoint former MP D.Khayankhyarvaa as CEO of ‘Erdenes Mongol’ LLC, dismissing P.Gankhuu.
D.Khayankhyarvaa was elected to parliament in 2008 and worked as Minister of Finance in 2012.
The Mongolian government established Erdenes Mongol in 2006 as a holding company to represent its interest in strategic mines, manage mineral licenses and promote the mining sector.
...


64x64

Vernon woman goes on 700 km horseback ride for Mongolian charity www.globalnews.ca

Julie Veloo is riding 700 kilometres through Mongolia on her charity’s annual fundraiser, the Gobi Gallop Ride Challenge, to raise funds for children in Mongolia.
“The Gobi Gallop is the longest annual charity horseback ride on the planet,” said the Veloo Foundation vice-president.
Since moving to Mongolia more than 10 years ago, splitting her time between there and the Okanagan Valley, Veloo has been dedicated to changing the lives of displaced herdsmen and their children, who are forced to scavenge through the garbage dumps to survive.
The Veloo Foundation runs The Children of the Peak Sanctuary Project in Ulaanbaatar, the capital of Mongolia.
“Now we have two kindergartens and we have over 300 kids off of the garbage dump and being fed, cared for and educated,” said Veloo. “We also have a summer camp for 300 children and we have a community library.”
In years past, the Gobi Gallop was a grand event attracting riders from around the world and raising upwards of $50,000 a year for the foundation. This year, COVID-19 wasn’t going to stop Veloo from keeping the event going this year she is taking it on by herself.
“People are taking turns riding with me,” said Veloo. “Even though it’s called the Solo Challenge, I am not riding off into the distance on my horse by myself; I do take people along for for safety and for company and so far we have done in three days 235 kilometres.”
So far she has raised just over $8,000 but she says it’s crucial that she get much closer to her $50,000 fundraising goal.
“(Not reaching the goal would) involve cutbacks and not lay offs but we won’t be able to take as many children as we otherwise would that’s what this is all about how many kids can we take and how many can we help,” said Veloo.
Veloo has been keeping everyone up to date on her nine-day ride on their Facebook page, where you can follow along, donate and get to know the families the foundation help.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook