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    

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Events

Events

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

NEWS

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Mongolian Bank prepares crypto and digital offerings www.news.mn

Asian banks are edging yet closer to crypto and digital currency adoption – with Mongolian and South Korea banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital asset exchange.
Although DBS has responded to reports by saying that its exchange is still a “work in process,” the bank has confirmed it is working on the project – and a page for the new platform seemingly went live yesterday, although it appears to have since been taken down later. But elsewhere on the continent, bank-operated crypto projects may materialize before DBS puts the finishing touches on its own trading platform.
Per DDaily, South Korean crypto finance company Delio and Hexland, a South Korean blockchain firm founded by a group of former Samsung developers, have agreed a deal to work with the Ulaanbaatar-based Trade & Development Bank of Mongolia (TDB Bank). The deal will also involve Mongolian mineral resource and blockchain company MDKI, whose partners include crypto mining giant Bitfury.
TDB Bank is one of Mongolia’s oldest and largest banks, with 50 branches nationwide. It works predominantly with industrial clients. The companies will initially provide a range of crypto-related services in Mongolia, including crypto custody, remittance, deposits, loans and cryptoasset management.
A Delio official told the same media outlet that the move would allow it to enter the “global cryptoasset financial market” in earnest. (crypto news)
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Airbus provides communication technology to Mongolian Government www.news.mn

Airbus has come together with a local partner Vertexmon to provide a complete Tetra digital radio communication solution to the Mongolian capital of Ulaanbaatar.
The Tetra system will replace the current analogue system and is designed to cover and ensure the security of governmental operations in the capital. It comprises of a core switch, base station, dispatchers, radio handsets and secure programmes. The implementation of the network will start at the end of 2020.
“We are honoured to gain a new customer and pilot such a project in Mongolia” says Marko Tiesmaki, Head of the Asia-Pacific region for Secure Land Communications at Airbus. “In the flourishing Asia-Pacific region more and more companies and institutions are turning to us for our secure communications solutions, as they have proven to be the most resilient” he continues.
Airbus’ local partner, Vertexmon, provides technical consulting and infrastructure-related solutions. For this project, the company is acting as an intermediary between Airbus and the Mongolian government.
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U.S. funds accessible schools in Mongolia www.statemag.state.gov

The U.S. Ambassador to Mongolia Michael Klecheski (center), attended the opening of a U.S. government-funded kindergarten in the southern city of Sainshand, Sept. 23. Klecheski met with local activists from the disability community during the event. The embassy’s Civil-Military Support Element led the effort to construct the $436,000 kindergarten, one of four the embassy is opening this year. Using American know-how and local labor, the school meets American accessibility standards. “We’re glad Sainshand’s new U.S.-funded kindergarten is designed to ensure access for all. The United States just celebrated the Americans with Disabilities Act’s 30th anniversary, a law we’re proud of,” he said.

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Mongolian government wants FIA to act on Verstappen comments www.uk.motor1.com

Mongolia's UN ambassador Lundeg Purevsuren has written to Red Bull over Verstappen's 'racist and derogatory' comments.
Following his collision with Lance Stroll during the second free practice session at the Portimao circuit, Verstappen took to the radio to express his displeasure at the incident.
On the radio to his engineer, Verstappen said "Is this fu***g guy blind? What the f**k is wrong with him? Jesus Christ. What a retard. I have damage. What a mongol. I swear."
Verstappen later conceded on Friday that the words he chose were "not the right ones" and that he "never intended to offend anybody", but his comments nonetheless have resulted in groups such as Mongol Identity to release an open letter, asking for a full apology from the Dutch driver.
The Mongolian government has also sent letters to Dietrich Mateschitz, CEO of Red Bull GmbH, and Tobias Moers, CEO of Red Bull Racing's title sponsor Aston Martin, to express his disappointment with Verstappen's language over the radio.
In that letter, Purevsuren - who acts as Mongolia's ambassador to the United Nations and World Trade Organisation - said that he was "confident" that the FIA would take further action against Verstappen.
"I regret the use of racist and unethical language in public by Red Bull driver Max Verstappen during the practice of the Portuguese Grand Prix of the Formula One World Championship on 23 October 2020," reads Purevsuren's letter.
"Sport is considered a symbol of unity all over the world and I believe that there should not be any form of racial discrimination in sports.
"I support the 'We Race as One' initiative of the Formula 1 against racism. But due to the abovementioned incident, I doubt that this initiative meets the reality.
"I am confident that in order to prevent the recurrence of such unethical behaviour in sports, the International Automobile Federation (FIA) will take actions against Red Bull driver Max Verstappen for his unacceptable behaviour of repeatedly using racist and derogatory language against any ethnic groups."
Red Bull team principal Christian Horner told the BBC that he does not "condone" Verstappen's choice of language, and that he spoke to the driver internally.
"Max did not mean to cause offence," Horner said. "They were made in the heat of the moment when emotions were running high."
Red Bull has been requested for comment.
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Mongolia reports six new imported infections of COVID-19 www.menafn.com

According to a statement issued on Saturday by the Mongolian National Center for Communicable Disease (NCCD), the overall tally of patients who have tested positive for the novel coronavirus across the state has jumped to 346, as six more cases were reported during the last 24-hour period.
At a regular news briefing, the NCCD's head Dulmaa Nyamkhuu revealed that 33 patients being treated at the National Center for Communicable Diseases are in a serious condition.
The center's statement further included that a number of 313 patients have so far won the battle against the brutal coronavirus infection and been accordingly discharged from hospitals, with the number including five reported in the previous 24 hours, adding that all the confirmed cases in the East Asian nation are imported from the overseas, mostly from Russia.
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Two border checkpoints to be closed to freight services for 21 days www.montsame.mn

Ulaanbaatar /MONTSAME/. On October 30, the cabinet convened an irregular meeting and made a decision to close border crossing checkpoints with the Russian Federation – Borshoo in Uvs aimag and Tsagaanuur in Bayan-Ulgii aimag for 21 days, starting from November 2, Monday.
Deputy Prime Minister Ya.Sodbaatar informed that the decision has been made in connection with the possible risk of infection of COVID-19 amid the increasing number of confirmed coronavirus cases in Russia, an immediate neighbor of Mongolia.
In specific, as of now, a total of 30 freight truck drivers have been tested positive for the virus while in Mongolia, including two most-recent COVID-19 cases detected from Russian freight truck drivers, who arrived in Mongolia across the Tsagaannuur border point last night.
“As of today, only freight transportation of staple foods, petroleum products and animal fodder are running through border checkpoints located in the western region of Mongolia, and all border checkpoints of the country are still closed to all passenger movements due to COVID-19. However, given the current situation, the aforementioned border checkpoints will be closed completely for 21 days” says the Deputy Prime Minister.
The total number of confirmed COVID-19 cases in Mongolia is now 340, all of them are ‘imported’ or detected from people who arrived from abroad and were placed under mandatory isolation. No local transmission has been detected in the country.
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ADB to help manage food insecurity risks in Mongolia amid supply disruptions caused by COVID-19 www.montsame.mn

Ulaanbaatar /MONTSAME/. On 29 October, The Asian Development Bank (ADB) has approved a $410,000 technical assistance (TA) grant to help manage food insecurity risks amid supply disruptions caused by the coronavirus (COVID-19) disease pandemic in Mongolia.
“Together with its severe economic impacts, the COVID-19 pandemic disrupted food supply chains and increased the risks of food insecurity in Mongolia,” said ADB Director for Environment, Natural Resources, and Agricultural Development in East Asia Qingfeng Zhang.
“With this TA, ADB's first focusing on assessing and mitigating the impact of pandemic on food supply chain disruptions, we aim to develop rapid response mechanisms to address food insecurity risks during the pandemic.”
The poor, on average, spend 43% of their household expenditure on food and are particularly vulnerable to increases in food prices. The pandemic’s adverse shocks of increased food prices and reduced household incomes exacerbate the risk of malnutrition among Mongolia’s vulnerable and poor households.
Three in four poor households were negatively affected by the high prices of major food items. The strict quarantine measures and trade disruptions made maintaining food supply chains challenging. In April 2020, 58% of farm households were unable to sell products because of logistical disruptions.
Aside from the COVID-19 pandemic, Mongolia faces a range of food insecurity risks, including extreme weather, natural hazards, pests, and diseases. Mongolia has one short growing season so not having a timely supply of agricultural production inputs would disrupt grain production.
The vulnerabilities of Mongolia’s food supply chain are likely to exacerbate supply disruptions during the crisis including a weak logistical and storage network, weak biosecurity and food safety arrangements, poor access to financial services among small and medium-sized enterprises and small-scale herders, and high dependency on food imports from the Russian Federation and the People’s Republic of China.
In addition to preparing a short-term response, the TA will assess the vulnerabilities of Mongolia’s food supply chains, provide policy advice, build capacity to manage a wide range of food insecurity risks beyond the COVID-19 pandemic, and assist in preparing medium- to long-term strategy and action plan to establish more resilient food supply chains and reduce food insecurity risks.
The TA will also support a feasibility study to establish a price monitoring system along food supply chains and emergency stock systems, and dialogue among public and private stakeholders to form coordinated actions to build more resilient food supply chains including the application of digital technologies.
The TA is estimated to cost $410,000, of which $400,000 will be financed on a grant basis from ADB’s Technical Assistance Special Fund. The Government of Mongolia will provide counterpart support.
The TA complements other ADB COVID-19 assistance to Mongolia, which includes a $15 million loan to support the wheat supply chain in Mongolia during the COVID-19 pandemic, a $100 million COVID-19 Pandemic Response Option, $30 million in additional financing for the Fifth Health Sector Development Program, and a $26.4 million loan to lessen the socioeconomic impacts of the pandemic through the Shock-Responsive Social Protection Project.
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Revenue from gold export increased by USD 800 million compared to previous year www.montsame.mn

Ulaanbaatar /MONTSAME/ Revenue from gold export has increased by USD 800 million compared to the same period of previous year, the Bank of Mongolia reports. As of October 20, the Central Bank purchased 18.9 tons of precious metals and it is a seven ton rise compared to the same period of last year.
The Central Bank made an estimation to raise foreign currency reserve by USD 1.2 billion this year by purchasing 21 tons of precious metals. The amount of foreign currency reserve reached USD 3 billion and 697 million at the end of September, showing an increase of 1.2 percent from the previous month. The Central Bank is providing soft-loan financing to gold mining companies within the framework of “Gold-2” program.
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Agreement for USD 100 million loan from Asian Infrastructure Investment Bank ratified www.montsame.mn

Ulaanbaatar /MONTSAME/. During its plenary session of October 29, State Great Khural – the parliament of Mongolia ratified a USD 100-million loan agreement between Mongolia and Asian Infrastructure Investment Bank (AIIB).
The USD 100 million loan to Mongolia aims to support its COVID-19 Rapid Response Program and mitigate the adverse health, social and economic impacts caused by the pandemic and to alleviate poverty.
AIIB’s first project financing in Mongolia, the policy-based loan is provided under the Bank’s COVID-19 Crisis Recovery Facility (CRF) and has payback period of 16 years and annual interest of 1.1 percent.
AIIB’s loan is co-financed with the Asian Development Bank (ADB) and will provide budgetary support to the government’s countercyclical development expenditure program, which targets funding for public health, social protection for vulnerable groups, support to businesses and fiscal stimulus measures.
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Mongolia to receive USD 20 million credit from International Development Association www.montsame.mn

Ulaanbaatar /MONTSAME/. During its plenary session of October 29, State Great Khural – the parliament of Mongolia ratified an agreement between Mongolia and the International Development Association (IDA) on USD 20 million credit for the Mongolia Emergency Support and Employment Support Project.
The project will provide temporary relief to eligible workers and employers in response to the COVID-19 crisis and help provide the country’s jobseekers and micro-entrepreneurs with improved access to labor market opportunities through financial and nonfinancial support.
It will also support upgrading of selected labor and social welfare institutions to help jobseekers find jobs more efficiently. Activities will include modernization of physical infrastructure, streamlined work organizations, improvements to information systems, and better use of labor market information in decision making.
The project will be built on the activities being implemented under the existing World Bank Employment Support Project, which was restructured in early May 2020.
The USD 20 million credit will have annual interest rate of 1.25 percent and payback period of 30 years.
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