1 MONGOLIAN PRESIDENT TO PAY STATE VISIT TO KYRGYZSTAN WWW.QAZINFORM.COM PUBLISHED:2025/07/18      2 MONGOLIA AND SINGAPORE MARK 55 YEARS OF DIPLOMATIC RELATIONS WITH RECEPTION IN SINGAPORE WWW.INDIPLOMACY.COM  PUBLISHED:2025/07/18      3 PRIME MINISTER ORDERS TO ACCELERATE THERMAL POWER PLANT REPAIRS AND RENOVATION WWW.MONTSAME.MN PUBLISHED:2025/07/18      4 DROWNING DEATHS IN MONGOLIA RISE DURING NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/18      5 THIS MONGOLIAN RAILWAY ADVENTURE RIVALS THE TRANS-SIBERIAN WWW.TELEGRAPH.CO.UK PUBLISHED:2025/07/18      6 CHINA FINDS NEW TYPE OF RARE EARTH IN INNER MONGOLIA WWW.CHINADAILY.COM.CN PUBLISHED:2025/07/18      7 SILK WAY INTERNATIONAL RALLY UNDERWAY IN MONGOLIA WWW.GOGO.MN PUBLISHED:2025/07/18      8 MONGOLIA AND SAUDI ARABIA SIGN AIR TRANSPORT AGREEMENT WWW.AKIPRESS.COM PUBLISHED:2025/07/17      9 MINISTER OF FOREIGN AND EUROPEAN AFFAIRS OF CROATIA ARRIVES IN MONGOLIA FOR OFFICIAL VISIT WWW.GOGO.MN PUBLISHED:2025/07/17      10 EVERYTHING TO KNOW ABOUT HIV/AIDS IN MONGOLIA WWW.BORGENPROJECT.ORG  PUBLISHED:2025/07/17      ЖИЛ БҮР 41.6 ТЭРБУМ ТӨГРӨГ ХЭМНЭХИЙН ТУЛД 29 ХОРОО, ЗӨВЛӨЛИЙГ ТАТАН БУУЛГАВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     СУДАЛГАА: МОНГОЛД ГУРВАН ӨРХ ТУТМЫН ХОЁР НЬ ЗЭЭЛЭЭС ЗЭЭЛИЙН ХООРОНД АМЬДАРЧ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     ТАНИЛЦ: УИХ-ЫН 2025 ОНЫ НАМРЫН ЭЭЛЖИТ ЧУУЛГАНААР ХЭЛЭЛЦЭХ ХУУЛИЙН ТӨСЛҮҮД WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/18     "РИО ТИНТО"-ИЙН ГҮЙЦЭТГЭХ ЗАХИРЛААР САЙМОН ТРОТТЫГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     “ТОРГОНЫ ЗАМ" АВТО РАЛЛИ ОЛОН УЛСЫН УРАЛДААН ЭНЭ САРЫН 21-Н ХҮРТЭЛ ҮРГЭЛЖИЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     ТЭЭВЭР, ЛОГИСТИКИЙН ШИНЭ ЧИГЛЭЛИЙГ БИЙ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/18     ХУУЧНЫ АВТОМАШИНЫ ҮЗЭСГЭЛЭНГ СҮХБААТАРЫН ТАЛБАЙД ДЭЛГЭЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/18     Г.ЗАНДАНШАТАР: ЭРЧИМ ХҮЧНИЙ ЗАРДЛАА БУУРУУЛЖ, АШГАА НЭМЭГДҮҮЛСНИЙ ДАРАА ҮНЭ ТАРИФ ЯРИХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ШИГШЭЭ БАГ МАРГААШ КАЗАХСТАНЫ САГСЧИДТАЙ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ КИРГИЗ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/17    

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

First doses of COVID-19 vaccines to be brought from India next week www.montsame.mn

Ulaanbaatar /MONTSAME/. Mongolia is planning to bring first doses of Oxford - AstraZeneca COVID-19 vaccine on February 22 and start vaccination immediately from the next day, February 23, in phases.
For the first phase, MIAT Mongolian Airlines will bring 150,000 doses of the AstraZeneca vaccine from the Republic of India next Monday.
The cabinet convened on February 17 for a regular meeting and decided to fund necessary expenses for the MIAT direct flight to India from the government’s contingency fund. Corresponding government ministries were charged to take required steps to bring vaccines on scheduled time, deliver the vaccines to destined storage facilities using dedicated vaccine delivery vehicles after they arrive in the country and launch the vaccination in stages.
At the meeting, the cabinet also made decisions to settle funding to cover expenses required for mobilizing frontline COVID-19 employees working at public streets, isolation facilities and surveillance sites and provide personal protective equipment and disinfection and sterilization products.
...


64x64

Mongolian democracy is officially “flawed” reckons EIU www.news.mn

The Economist Intelligence Unit’s 2020 democracy index ranks Mongolia 61st out of 167 countries rated and classifies it as a “flawed democracy”.
The EIU democracy index, on a 0-10 scale, is based on the ratings for 60 indicators grouped in five categories. Mongolia gained 8.75 scores in electoral process and pluralism, 5.71 scores in functioning of government, 5.56 scores in political participation, 5.63 scores in political culture and 6.76 scores in civil liberties.
The index values are used to place countries within one of four types of regime:
full democracies—scores of 8 to 10;
flawed democracies—scores of 6 to 7.9;
hybrid regimes—scores of 4 to 5.9;
authoritarian regimes—scores below 4.
Norway led the index with the highest score or 9.81, followed by Iceland (9.37), Sweden (9.26) and New Zealand (9.25).
...


64x64

Coal export increases by 21.6 percent www.montsame.mn

Ulaanbaatar /MONTSAME/. According to the statistics of the Ministry of Mining and Heavy Industry, Mongolia exported 3,145.1 thousand tons of coal between January 1 to February 7, increased by 559.5 thousand tons or 21.6 percent compared with the same period of the previous year. Moreover, the country exported 138.4 thousand tons of copper concentrate. The figure shows the increase of 14.6 thousand tons or 11.8 percent.
In addition, the export of oil in the reference period reached 570.6 thousand barrels, increased by 282.9 thousand barrels or 98.3 percent from the previous year. Whereas, the export of iron ore and concentrate decreased by 213.0 thousand tons or 21.7 percent compared with the same period of the previous year.
...


64x64

Feasibility study for gas pipeline project to be complete in the first quarter www.montsame.mn

Ulaanbaatar /MONTSAME/ Deputy Prime Minister S.Amarsaikhan today virtually met with authority of Gazprom company and agreed to intensify the feasibility study for gas pipeline project.
Gazprom plans to complete the feasibility study for gas pipeline construction through Mongolia in the first quarter of 2021. A special-purpose company named Gazoprovod Soyuz Vostok was established with the purpose of performing design and survey works and conducting a feasibility study regarding the construction project for a gas trunkline to supply Russian gas across Mongolia to China and the company was registered in Mongolia.
The Government of Mongolia and Gazprom signed a Memorandum of Understanding on Gas Pipeline Construction through the territory of Mongolia in December 2019 and a Memorandum on pre-investment project assessment in August 2020.
The Power of Siberia-2 pipeline to be built through Mongolia is estimated to transport 50 billion cubic meters of natural gas from Russia to China. Export capacity of the new pipeline might become more than 1.3 times higher than that of Power of Siberia.
...


64x64

Mineral industry makes up 27 percent of budget revenue www.montsame.mn

Ulaanbaatar /MONTSAME/. According to the preliminary performance results of the general government budget of Mongolia, budget revenue reached MNT 10.4 trillion, showing a decrease of MNT 1 trillion or 13.6 percent since the previous year.
The ministry of Mining and Heavy Industry reports that the mineral industry's contribution to the government budget was MNT 2.6 trillion, which means MNT 246 billion or 8.4 percent decrease compared to 2019.
The minerals industry's contribution to the government budget are divided as follows:
Mining industry – MNT 2.5 trillion or 24.3 percent of budget revenue.
Petroleum industry – MNT 102.8 billion or 1 percent of budget revenue,
Payments for special licenses – MNT 32.7 billion or 0.3 percent,
Other types of payments and contributions MNT 14.9 billion or 0.1 percent.
...


64x64

Pfizer and AstraZeneca vaccines to be supplied to Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ On February 15, Deputy Prime Minister and Head of the State Emergency Commission S.Amarsaikhan held a virtual meeting with COVAX Program’s Senior Manager for Mongolia Ms. Kerry Geen, exchanging information on the supply process of COVID-19 vaccines to Mongolia.
The Government of Mongolia and the Ministry of Health ensured preparations to receive 25,740 doses of Pfizer vaccine and 163,200-276,000 doses of AstraZeneca vaccine within the framework of COVAX Program and plans to get the vaccines loaded to Mongolia at the end of this month.
Ms. Kerry Geen said we are aiming to make the first transportation of AstraZeneca vaccine to Mongolia from mid-March once the World Health Organization (WHO) lists the vaccine for emergency use and expressed to render all round support to supply the vaccines.
Incidentally, the same day, February 15, the WHO listed two versions of the AstraZeneca/Oxford COVID-19 vaccine for emergency use, giving the green light for these vaccines to be rolled out globally through COVAX. As a result, it became possible for Mongolia to receive the vaccine from the middle of the coming month.
...


64x64

‘Leaving No One Behind’ project to provide vouchers to 2,948 households www.montsame.mn

Ulaanbaatar/MONTSAME/. The Swiss Cooperation in Mongolia has joined the ‘Leaving No One Behind’ Emergency Relief Project. The project was originally launched with support from the Embassy of Germany to Mongolia, the Ministry of Labor and Social Protection, and People in Need Mongolia.
With SDC's contribution will support another 1,384 households across Mongolia. The Ministry of Labor and Social Protection, the Ministry of Education and Science, and People in Need will provide the assistance in the form of vouchers to people and their families, and other vulnerable groups who are severely impacted. In total, this joint project supports 2,948 households across the country.
“The economic and social impacts of COVID-19 pandemic in Mongolia have been overwhelming. The Swiss Cooperation in Mongolia stands ready to support the Government of Mongolia and work together towards providing people and their families from vulnerable communities the urgent assistance they need during this difficult time. We must find solutions that uphold the dignity of these communities and one that does not leave anyone behind" said Stefanie Burri (PhD), Head of Cooperation in Mongolia.
Source: Swiss Cooperation in Mongolia
...


64x64

COVID-19: 33 new cases recorded www.montsame.mn

Ulaanbaatar /MONTSAME/ 33 people have been diagnosed with coronavirus after testing 37,530 people nationwide in the past 24 hours.
Of the newly detected cases, 24 were close contacts of the previously confirmed cases and 9 were among the people who involved in ‘One door-one test’ surveillance testing. As of today, 26 cases have been detected as a result of the surveillance testing campaign, which has involved over 200 thousand people so far since February 11.
Mongolia now has 2,416 confirmed cases of coronavirus, with 1,760 recoveries. 48 people have recovered in the last 24 hours and discharged from hospital. 643 people are being treated at the NCCD, Military Central Hospital, 300-bed hospital of Khan-Uul district and the State Central First Hospital.
 
...


64x64

Copper price surges to new 8-year high on supply worries www.mining.com

Copper prices resumed their rally on Monday, reaching the highest level since 2012, on concerns over a market deficit driven by tight supply and strong demand for the industrial metal.
There has also been speculation that more factories in China, the world’s top consumer, have remained open during the Lunar New Year holiday, keeping copper demand elevated during what is normally considered a slow period of industrial activities.
Copper contracts advanced 1.0% to $3.8265 per pound (about $8,436 per tonne) by noon EST on the Comex. The base metal is on track for its 11th straight monthly gain and is up more than 8.8% since the beginning of the year.
According to Bloomberg Intelligence analysts Grant Sporre and Andrew Cosgrove, assuming their scenario of 5% demand growth is in the ballpark, production guidance from the top 25 copper producers indicates the market may be in a sizable deficit this year.
Aggregated mined supply guidance is more than 400,000 tonnes shy of BI estimates, the analysts said, suggesting a shortfall close to half-a-million tonnes.
Copper is “being driven by a cocktail of positive factors — including rising inflation expectations caused by US stimulus, a falling dollar and historically low stocks,” said Gavin Wendt, a senior resource analyst at MineLife Pty.
“The 2021 copper production outlook is likely to be negatively impacted as a result of covid in a number of major South American producing nations,” Wendt added.
(With files from Bloomberg)
...


64x64

How to kick-start Mongolia’s net-zero carbon economy www.mongoliaweekly.org

The global focus on sustainability has accelerated - and there has been talk of tailwinds behind the clean energy sector now that Joe Biden has taken the reins in the US. Countries such as Australia are now facing pressure from Washington’s Climate Envoy John Kerry and from the EU to do more as international media herald the ‘end of coal’.
Closer to Mongolia, a recent report from the Asian Development Bank found that northeast Asian countries relied on fossil fuels for 70 percent of electricity generation in 2018. Of those countries, the three largest – China, Japan and South Korea – have all pledged to reach net zero emissions by 2050 or 2060.
In 2020, according to the Bank, those three countries consumed 8815.7 terawatt-hours (TWh) of electricity, which means roughly 6000-6200 TWh will need to be converted to renewable sources in the next 30-40 years. That’s about 40 percent more electricity than the US uses in a year – right next door to Mongolia’s huge renewable resources.
Surely now is the time for Mongolia’s renewable energy sector to boom?
In theory, yes. But in practice, a renewable boom won’t happen unless corporate boardrooms decide that projects are likely to be profitable.
As the situation stands, renewable energy projects are disadvantaged from the start by the Mongolian government’s huge subsidies for coal-fired electricity.
Although there are obstacles to profitability further down the road – namely whether exports to China, South Korea and Japan are diplomatically feasible – this is the first roadblock.
In an interview, E. Orchlon, the head of Clean Energy Asia, said that the subsidy scheme prevents renewable energy projects from matching the extraordinarily low price point of Mongolia’s coal-fired power plants.
“The depreciation costs [of those plants] have already been recouped,” Orchlon said. “In other words, electricity is generated at a rate that includes only human wages and repair costs. Second, huge subsidies are given to this sector. Thermal coal is even subsidized from mines to power plants. [So] the main reason for not being able to build large-scale new power plants is the lack of money in the system.”
That lack of money is preventing much-needed capital from reaching renewables.
In a boardroom, the net present value of a project needs to be positive for a proposal to survive the decision-making process. If cash inflows are guaranteed through watertight future energy contracts at decent price points and cash outflows for investors are reduced, then Mongolia’s renewable sector may take off.
Conversely, if Mongolia continues to subsidise coal-fired electricity to $0.04 per kilowatt hour (amongst the lowest prices in the world) for all users, then foreign investors won’t see a positive net present value in Mongolian renewables.
That means an increase in electricity rates for end users is necessary to improve the system, which obviously isn’t going to be popular.
So now a money problem has become a political problem – but there are reasons to press on.
One line of resistance to a rates hike is that the government needs to keep Mongolia’s electricity prices affordable for poorer households. UB is the coldest capital in the world with an average annual temperature of -1.3C, and the average monthly salary for a UB resident is around US $490. The government wrote off utility costs (electricity and heating) for households to mitigate the impact of COVID-19 until this July.
But research shows that utility subsidies don’t have much impact on the disposable income of lower income households compared to other social programs. That means the government could better help poorer households by redirecting the money spent on subsidies to other social safety nets whilst also improving the net present value outlook for renewable energy investors.
Second, a rate hike for the purpose of boosting the renewable energy sector may actually reduce wholesale prices in the long term.
A study in Australia (another coal-dependent grid) found that renewable energy projects reduced wholesale prices by a greater amount than the cost of subsidising those same projects.
Finally, a rate hike doesn’t actually need to impact households. According to Ministry of Energy figures from 2018, households only account for 18 percent of Mongolia’s total energy consumption, whilst industry and construction accounted for 47 percent. An increase in rates for industry with targeted discounts for households could be a more efficient way of achieving the same outcome without attracting the ire of voters.
In sum, it will be difficult for Mongolia to tap into its vast renewable resources and improve its electricity grid without spending political capital on increasing the price of electricity.
But if the framework and benefits of an increase (as outlined above) are well communicated to the public, then perhaps the end of coal really is a possibility. And Mongolia can capture the accelerating opportunities created by a net-zero carbon world
By: Ewen Levick
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook