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    

Events

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

NEWS

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Mongolia to develop Zamyn-Uud Free Zone with ADB loan www.news.mn

The Asian Development Bank (ADB) and the Government of Mongolia signed three projects to lessen the socioeconomic impacts of the coronavirus (COVID-19) pandemic on poor and vulnerable groups in Mongolia, to help support Mongolia’s post-pandemic recovery by developing an economic cooperation zone, and improve solid waste management.

Present at the signing of the Shock-Responsive Social Protection Project, for which the ADB approved a USD 26.4 million loan, and the solid waste management project, for which a grant of USD 2 million is being provided from the Japan Fund for Poverty Reduction (JFPR), were ADB Country Director in Mongolia Pavit Ramachandran and Mongolian Minister of Finance Khurelbaatar Chimed. Signing the Economic Cooperation Zone Project, for which the ADB is providing a USD 30 million loan, were Mr. Pavit Ramachandran and Deputy Prime Minister of Mongolia Enkhtuvshin Ulziisaikhan. Mr. Matsuhashi Tomoyuki, Second Secretary of the Embassy of Japan in Mongolia and representatives from line ministries also attended the ceremony.

The project will develop the Zamyn-Uud Free Zone, situated near the busiest international border crossing between Mongolia and the People’s Republic of China in a district where the local economy and population rely heavily on border traffic and trade activities. It will support the construction and sustainable operations of new infrastructure and facilities in the free zone, as well as effective zone management. This will provide the foundation and environment needed for the private sector to build production capacity and help Mongolia expand trade activities and adapt to the rapidly evolving global economic landscape. Also, the project is part of a wider network of ADB trade-related projects in Mongolia along the Central Asia Regional Economic Cooperation (CAREC) program’s corridor 4b. It is expected to be completed by December 2025.

The grant for solid waste management will open new income and employment opportunities, particularly for poor, women and disadvantaged people, through waste reuse and recycling pilots and skills and business development. The project will conduct public education and awareness to promote effective and inclusive waste recycling and reuse. Recycling businesses and community organizations will receive small grants to pilot innovative programs that will reduce the waste stream and encourage greater recycling. The project will also support the provincial governments in developing the sector policy framework, build capacity in solid waste management and planning and will serve as a model that other secondary cities can replicate.

Four priority aimag capital cities, Darkhan-Uul, Gobi-Altai, Sukhbaatar and Uvurkhangai, have been identified for the project together with the Ministry of Construction and Urban Development, the project executing agency.

The project will help reduce long-term environmental and health risks for about 160,000 people in the four cities by eliminating economic and environmental losses and health costs. At least half of households in each project city will be involved in information dissemination activities and gain knowledge on green job opportunities in waste recycling and reuse.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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Turkey helps to improve agriculture production in Mongolia www.news.mn

The Turkish Cooperation and Coordination Agency (TIKA) in cooperation with the Mongolian Agricultural University Faculty of Animal Husbandry and Biotechnology has been implementing a multi-faceted agricultural project in the country.

As part of the Support to Animal Feed Plant Growing Project, 10 hectares (24.7 acres) of cultivatied land was created with alfalfa seeds and equipment brought from Turkey.

A statement said the rising air temperature in Mongolia due to global warming has been causing various problems such as drought and the subsequent insufficiency of animal feed in the summer, making the country’s economic infrastructure and lives of animal owners difficult. Due to the harsh winter climate in Mongolia and the presence of about 80 million animals, the livestock sector is a vitally important sector for the country’s economy.

The project of sharing Turkey’s experience in livestock feed and farming areas with Mongolia first started in 2017, and has continued with a three-year trial planting in different parts of the country in line with the feasibility report prepared by Turkish agricultural experts who examined the soil structure and climate conditions of Mongolia.

As part of the project, 10 hectares of hedged experimental area in the Altanbulag and Bornuur districts of the Tov Province in northern Mongolia have been provided with irrigation systems, motor pumps, feed plant pressing machines, and back pulverizers.

TIKA has also provided laboratory equipment to be used for scientific studies at the Mongolia Agricultural University Faculty of Animal Husbandry and Biotechnology.

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Coronavirus cost global economy 400 MILLION full-time jobs – UN labor agency www.rt.com

Global working hours are expected to have plummeted by 14 percent in the second quarter of 2020 as a result of the Covid-19 pandemic, according to the International Labour Organization (ILO).
The fall is the equivalent to 400 million full-time job losses globally in the second quarter, based on a standard 48-hour working week. The ILO previously projected a 10.7 percent fall in working hours, or 305 million job losses, for the period.

According to the report, the Americas were the most affected region, with an estimated 18.3 percent drop in working hours, or 70 million full-time jobs.

The report said there were multiple factors causing this global decline such as, shorter working hours, temporary leave — or furlough — as well as unemployment and “inactivity.”

The United Nations’ labor agency, the ILO, has outlined three different scenarios for a labor market recovery in the second half of 2020.

In its baseline model the ILO projected a 4.9 percent decline in working hours, or 140 million job losses, compared to the fourth quarter of 2019. The scenario assumed a rebound in economic activity according to existing forecasts, the lifting of workplace lockdown restrictions, in addition to a recovery in consumption and investment.

A pessimistic scenario would see an estimated 11.9 percent fall in working hours, or 340 million job losses. That is based on an assumed second wave of coronavirus cases, prompting the return of lockdown restrictions, therefore meaning a “significantly slow recovery.”

The optimistic model would work out at an estimated 1.2 percent decrease in working hours, or 34 million job cuts. Such a best-case scenario would be the result of workers’ activities resuming quickly, “significantly boosting aggregate demand and job creation.”

The director-general of the ILO Guy Ryder said “The decisions we adopt now will echo in the years to come and beyond 2030,” adding that “we need to redouble our efforts if we want to come out of this crisis in a better shape than when it started.”

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263 Mongolian nationals return from Japan www.montsame.mn

Ulaanbaatar /MONTSAME/. A charter flight en route Tokyo-Ulaanbaatar, bringing 263 Mongolian nationals, has landed at Buyant-Ukhaa International Airport in Ulaanbaatar on July 4 at 7:00 pm.

Among the passengers, there were 94 families with young children, 23 pregnant women, 65 elders and their caregivers, 28 people with medical reasons, and 53 people with reasonable excuses such as finances and visas.

The citizens arrived on the flight have been put into 21-day mandatory isolation at the National Center for Communicable Diseases, Central Military Hospital, and other isolation facilities.

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Mongolia reports no new COVID-19 case for 6th consecutive day www.xinhuanet.com

July 5 (Xinhua) -- Mongolia reported no new COVID-19 cases in the last 24 hours, with the national tally standing at 220, marking the sixth consecutive day without new cases, the country's National Center for Communicable Diseases (NCCD) said Sunday.

Meanwhile, two more patients have recovered from the disease, bringing the total recoveries to 185, the NCCD said in statement.

All the 220 confirmed cases in the country were imported, mostly from Russia, according to the center.

A French national tested positive for the virus on March 10, becoming the first case in Mongolia. So far, no local transmissions or deaths have been reported in the country. Enditem

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Rio Tinto cuts reserves at Oyu Tolgoi as costs rise www.reuters.com

Rio Tinto on Friday cut estimated reserves at its underground copper mine extension in Mongolia and confirmed it would face delays and higher costs after ground instability forced it to redesign its mine plan.

Oyu Tolgoi (OT) is Rio’s biggest copper growth project but has faced geological challenges. In July last year, Rio estimated the project’s capital cost at $6.5 billion to $7.2 billion, as much as $1.9 billion more than its initial estimate in 2016.

Rio said the updated feasibility study confirmed that recent cost estimate, and warned there could be further changes to reserves as it continues work on the design.

Rio also narrowed its estimated first production from its mine to between October 2022 and June 2023, 21-29 months later than its initial estimate.

Analysts at Citi estimated the changes in the mine plan reduce total production and copper tonnes by 11%. “OT gets a lot of investor air time for RIO but the reality is it is small in valuation terms,” Citi said, estimating a 3%contribution to Rio’s total valuation.

Citi targets RIO at around A$96. Shares of Rio were down 1.5% at A$96.44, underperforming the broader market which was steady.

In a statement, Rio said the new design for the underground mine confirmed its caving method remains valid, and “will unlock the most valuable part of Oyu Tolgoi”.

The Oyu Tolgoi deposit in south Mongolia is one of the world’s largest known copper and gold deposits, with the open pit at the project contributing about 9% of Rio’s total mined copper in the first quarter of fiscal 2020.

It is jointly owned by the Mongolian government and Rio’s majority-owned Turquoise Hill Resources.

Last month, the miner entered an agreement for Mongolia to build a coal-fired plant to supply power to the Oyu Tolgoi mine.

(By Melanie Burton and Sameer Manekar; Editing by Richard Pullin and Lincoln Feast)

 
 
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Germany’s plan to exit coal by 2038 made law www.mining.com

Germany’s lower house of the parliament passed on Friday a bill to phase out coal-fired power stations in the country by 2038.

The new law entails over €50 billion ($56 billion) for mining companies, power plant operators, affected regions and employees to mitigate the impact of moving from coal to renewables as power source.

“The fossil fuel age is irrevocably coming to an end in Germany with this decision,” Economy Minister Peter Altmaier told lawmakers inside the chamber, urging opponents not to “talk it down.”

Coal-fired power plants operators will be able to compete in auctions to be held from September this year to 2027 for closure compensation payments.

They will also be paid for switching from coal to gas, which emits less CO2.

Plants that are less than 10-years old can apply for direct payments or a transition into a network reserve in exchange for compensation.

All plants must cease operations by 2033.

“Over generous”
The law, which also implies shutting down the mines that feed those plants, sees the government paying up to €40 billion ($45bn) in structural aid to the affected coal states of Brandenburg, North-Rhine Westphalia, Saxony and Saxony-Anhalt over the next 18 years.

Chancellor Angela Merkel’s administration will take further measures worth up to €4.8 billion ($5.4bn) in compensation to employees affected by the coal exit law until 2043, and a further €6 billion to utilities.

Germany’s drawn-out timetable, however, has ignited criticism. Climate activists are not pleased to see coal plants only gradually taken offline over the coming 18 years. They also condemn what they say are “over-generous” payments to energy companies that more than compensate any lost profits.

Analysts have also pointed out that the phase-out plan adds challenges to the European Union’s efforts to cut its greenhouse gas emissions sooner — by at least 40% by 2030.

Most of the 28 EU states aim to become carbon-neutral by 2050 — that is, carbon emissions should be balanced by carbon-reduction measures. Poland, however, relies heavily on coal and has a temporary exemption.

Brown coal
Germany is the world’s largest producer of lignite (or brown coal), which fuels about 19% of the country’s electricity capacity. That type of coal is considered the most polluting kind because its low heat content means more must be burned and it contains a large amount of impurities.

Last week, the German government agreed to a €4.35 billion ($4.9bn) package to phase out those operations by 2038.

The plan is to use a mixture of subsidies and tenders to encourage operators to close hard coal plants beginning this year. Europe’s largest economy currently employs about 250,000 workers in renewable energy sectors.

 
 
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Mongolia Quarantines Russian Border Region Over Bubonic Plague Suspicion www.themoscowtimes.com

Mongolia has quarantined its western region near the border with Russia after identifying two suspected cases of the black plague linked to the consumption of marmot meat, health officials said Wednesday.

Lab tests confirmed that two unidentified individuals had contracted the “marmot plague” in the region of Khovd, Mongolia’s National Center for Zoonotic Disease (NCZD) said in a statement.

The NCZD said it moved to quarantine the provincial capital and one of the region’s districts about 500 kilometers south of the southern Siberian republics of Tyva and Altai.

Vehicles are temporarily banned from entering the region, the state-run TASS news agency cited Mongolian media as saying.

The NCZD said it has analyzed samples taken from 146 people who it said had contacts with the two infected persons and identified 504 second-contact individuals. Media reports suggested that the victims were a 27-year-old male and a young woman of an unknown age.

Mongolia closed a key border crossing with Russia in May 2019 on suspicion that it may have played a role in an outbreak of the plague, stranding several Russian tourists. A husband and wife had died after eating marmot meat in that incident.

Experts say the direct descendants of the same bubonic plague that killed 50 million people in the 14th century still exist today, killing around 2,000 people a year.

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EBRD finances flood-protection measures in Mongolia www.ebrd.com

More than 15,000 people will directly benefit from sustainable infrastructure designed to protect them from seasonal flooding, thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD) to Erdenet, Mongolia’s second-largest municipality.

A sovereign loan of up to US$ 7 million will help the northern Mongolian town, located in the valley between the Selenga and Orkhon rivers, implement modern flood-protection measures and improve its water supply system.

It will help address the consequences of decades of underinvestment in the municipal water networks. This will improve the resilience of Erdenet’s water infrastructure to climate change and address public health challenges.

The investment is aiming to increase by 3,200 the number of households connected to the central water supply and to reduce the volume of annual water losses by 15 per cent or 0.8 million cubic metres.

The coronavirus pandemic has demonstrated the critical importance of the highest hygiene and sanitation standards, and water supply and treatment are among most serious longstanding challenges that the country is facsing.

In Mongolia the EBRD works to help build a diverse economy by developing the private sector and supporting infrastructure improvements. The Bank has invested more than €1.7 billion in 104 projects in the country since it started operations there in 2006.

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Mongolia's THE HU Raises $19,000 for COVID-19 Relief www.blabbermouth.net

Mongolia's biggest rock act THE HU has just dropped a beautiful new acoustic video for "Shireg Shireg". The clip shows behind-the-scenes footage of the band in the studio, offering fans a real insight into its recording process. It also gives a closer look at THE HU's gorgeous traditional instruments and a glimpse of their live show.

The "Shireg Shireg" video is the newest teaser for THE HU's upcoming deluxe version of "The Gereg", out on July 10. Also on the album are fantastic collaborations with Jacoby Shaddix (PAPA ROACH), Danny Case (FROM ASHES TO NEW) and Lzzy Hale (HALESTORM). The original version has sold 130,000 copies globally thus far.

Last weekend saw THE HU play a homecoming show after a sold-out world tour, performing at White Rock Centre in Ulaanbaatar in aid of the Mongolian COVID-19 relief. The concert was aired on TV in Mongolia, raising 53 million MNT (approximately $19,000), and made available to a global audience through streaming on Facebook and YouTube, raising $5,000 and counting.

THE HU stands for the Mongolian root word for human being, inspiring the band's original style of music that it calls "Hunnu Rock." The group pulls inspiration from the Hunnu, an ancient Mongolian empire better known as The Huns in western culture. Their music is deeply embedded with their ancient culture, even integrating old Mongolian war cries and poetry into their lyrics.

The group was founded in 2016 in Ulaanbaatar, Mongolia by their producer Dashka, along with band members Gala, Jaya, Temka and Enkush. Together they create rock music with traditional Mongolian instrumentation such as the morin khuur (horsehead fiddle), tovshuur (Mongolian guitar), tumur khuur (jaw harp), guttural throat singing built around the pillars of heavy rock: distorted guitars, bombastic drums, and aggressive rhythms. All four members have earned Bachelor's or higher degrees in classical music and have gained several years of touring experience throughout Asia and the Pacific Rim.

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