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

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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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UK Serious Fraud Office drops long-running investigations into Rio Tinto and ENRC www.bloomberg.com

The UK’s Serious Fraud Office quietly dropped two long-running investigations into mining firms Rio Tinto Plc and Eurasian Natural Resources Corp., in another setback for an agency that’s expended years prosecuting suspected corruption across the commodities industry.
The SFO said Thursday it had closed its 2017 Rio Tinto investigation into allegations of corruption in Guinea after an internal review found it was not in the public interest to continue, according to an update on its website. No charges against individuals had been made.
Separately, the agency also announced it had closed a decade-long criminal investigation into ENRC citing “insufficient admissible evidence to prosecute.” The probe, one of the prosecutor’s longest, has been mired in controversy and allegations of reckless investigations against the SFO. It had focused on suspected bribe payments to secure mining contracts in the Democratic Republic of Congo between 2009 and 2012.
The SFO, which both prosecutes and investigates the most serious white-collar crime in Britain, has a long list of recent missteps in the last few years. It has been accused of botching investigations, seen trials collapse, and a government-requested review that found the SFO’s failure in its Unaoil bribery case were caused by “cultural issues” in the agency.
Rio Tinto said in a statement after the announcement that it is “committed to conducting business to the highest standards of integrity.” The Australian Federal Police’s investigation into the case remains ongoing.
Since the SFO began its criminal investigation into ENRC, the Kazakhstan mining firm has initiated at least 16 legal proceedings in the US and UK against lawyers, investigators, contractors, journalists, a former SFO official and the SFO itself, according to anti-graft campaigner Spotlight on Corruption.
“ENRC is pleased that the SFO has finally closed its investigation and that the SFO is taking no further action in respect of this matter,” a spokesperson said.
(By Katharine Gemmell)
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Mongolia is the perfect destination for introverts www.news.mn

Far, far away from the madding crowds is Mongolia, a country that’s filled with biodiversity but not people. If you have never been, what with this country being off the beaten path for so long, it is definitely worth checking out—especially if you’re a bit of an introvert who values physical and mental space from other people. Mongolia is a hidden gem that offers the perfect blend of nature, culture and solo activities. If you need some more convincing, here are a few reasons why Mongolia is a must-visit destination for those who like to travel but hate crowds.
Animals outnumber people
As of the last count in 2021, there are around 67 million animals to nearly 3.5 million people in Mongolia, and the sparseness of people compared to animals is evident from the moment you step out of the Chinggis Khaan International Airport.
The airport is located nearly 50 kilometres away from the capital city of Ulaanbaatar, and throughout the journey from the airport to the city, you are more likely to encounter a motley crew of animals—including horses, camels, sheep, cows—grazing along the rolling steppes beside the road than a traffic jam.
Travellers can get an even better idea of the diverse fauna of Mongolia once they travel to its vast countrysides. To the north is the Altay-Sayan mountains, which are home to snow leopards, reindeers, Siberian musk deer and much more; while the Central Asian Gobi region boasts Gobi bears, Bactrian camels, donkeys and the once-extinct-in-the-wild Przewalski’s horse, a wild breed native to Mongolia.
To catch a glimpse of these horses, which are locally known as “takhi horses”, one must head to Hustai National Park in Central Mongolia, where nearly 400 of these horses still thrive after a handful of them were reintroduced in the area in the 1990s. Look out for the white underbelly that is distinctive of this breed, and don’t be surprised if they come very close to you—the lack of tourists has made them unafraid of humans.
Other parts of Mongolia are also rich in animals, even in the vast Gobi desert. In fact, if you travel to that area during spring, keep your eyes peeled for migratory birds such as the Siberian cranes that often make a pit stop in the desert’s oases on their route from Russia to China.
Avoid overcrowded hotels
Forget about hotels and embrace your inner nomad by staying in a ger, the traditional tents that many Mongolian people live in. Also known as yurts, these cosy homes are made of felt and canvas and offer a unique lodging experience. Mongolia’s climate may be rough in some seasons—snowy and terribly cold in winter, and windy and unpredictable in spring—but the tents’ circular shape, its construction materials and wooden latticed walls and roof are designed to help them hold their own against the elements.
Several modern camps also offer glamping experiences, which means you can revel in the traditional aesthetics of the yurts from the outside, but without missing out on modern amenities like heaters and toiletries once you’re inside.
But no matter where you’re staying, the best part for introverts is that you won’t have to worry about bumping into other guests or hotel staff—it’s just you and the great outdoors.
Nature at its best
Mongolia is home to some of the most breathtaking natural landscapes in the world—from the rolling hills in its centre to the towering peaks of the Altai Mountains in the north. But what makes it a veritable paradise for introverts is that you can take in these amazing vistas in tranquillity, without being surrounded by thousands of fellow tourists or risk being poked by selfie sticks. The vast empty spaces can evoke loneliness in people who love human company, but for those who appreciate solitude, they might relish the feeling of being one of the few people on earth.
Fewer people also mean much less pollution of any kind, and one of the beautiful ways this manifests itself is in the clear view of starry skies at night. Just imagine gazing up at the stars from the comfort of your ger (Mongolian tents have skylights) with nothing but the twinkling stars and sound of the wind to keep you company.
Solo activities in nature
While doing nothing and gazing at the stars might appeal to a more laid-back traveller, those looking for adventure will appreciate the range of solo activities in nature available in Mongolia. These include hiking, photography, camel riding, horseback riding, biking and off-roading.
The Gobi desert, for instance, is the perfect backdrop for an off-roading adventure. The fifth largest desert in the world, its rolling sand dunes are interspersed with small hillocks, rocky mountains, old canyons and oases, making it a diverse and challenging terrain for petrolheads. For a slower yet equally exciting adventure, one can also choose to ride on Bactrian camels, which are native to the steppes of Central Asia. They are double-humped, which has an unexpected benefit for the rider—you can hang on to the first hump for dear life if things get too bumpy.
Immerse yourself in art and culture
If you are not into adventure sports but would rather seek calm and culture in a quiet museum, Mongolia has you covered there as well. There are plenty of museums in Ulaanbaatar, as well as in other places, which give you a comprehensive insight into the country’s rich heritage and culture.
Moreover, many monasteries from the 16th and 17th century have survived and are strewn across the country—from the Erdene Zuu Monastery in central Mongolia’s Orkhon valley to the Gandan monastery in Ulaanbaatar. The best part? There are hardly any queues anywhere, so you can appreciate the intricate art and sculptures within the monasteries at your own pace and without feeling rushed. What more can an introverted traveller desire?
(source: tatler asia)
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Establishing a new Zuunmod city www.news.mn

The Mongolian government has been working hard to improve the urban environment. For example, the Government has devised a comprehensive plan to address regional development disparities by establishing a new city (New Zuunmod City), along with a free economic zone, in the Khushig Valley area of Tuv Province.
The strategic location of this development aligns with the presence of the Chinggis Khaan International Airport, which commenced operations in July 2021 with Japanese ODA Loan support. The airport is widely recognized as a symbol of Japan and Mongolia’s strong cooperation.
To further solidify this initiative, the State Great Khural (Parliament) of Mongolia approved the “New Zuunmod Development Master Plan” in April 2022. The new Zuunmod Development Master Plan will contribute not only to the development of the target area but also to the achievement of SDGs (Sustainable Development Goals) Goals 9 (Industry, innovation and infrastructure) and 11 (Sustainable cities and communities).
 
 
 
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School Textbooks to be Digitized www.montsame.mn

Following the adoption of the Education Package Law, an Education New Revival Forum was held yesterday on August 25, 2023. The Official Representative of the Hungarian MOZAIK Digital Education and Learning Platform in Mongolia O. Chingguun explained about digital textbooks.
- Would you, please, tell us about your plans to introduce a platform for digitizing secondary school textbooks in cooperation with the Ministry of Education and Science?
- In our country, digital transition is proceeding rapidly. We have started cooperation with the Ministry of Education and Science to introduce Hungary's internationally recognized MOZAIK Digital Education and Learning Platform to students of the 6th-12th grades of Mongolian secondary schools. This platform is designed in line with international standards for the development of teachers and students.
- What are the technical and personnel possibilities for introducing digital textbooks?
- We are providing a solution for accessible and effective implementation of a good program that meets international standards at the lowest cost. First, all school textbooks will be translated into Mongolian. Then, we will train 36,217 teachers nationwide how to use the platform. Some of us will go to Hungary and learn how to digitize textbooks; then we will train 15-20 trainers and spread further. It takes 60 hours to train one teacher to work with the platform. In cooperation with the General Department of Education, it is possible to implement it in stages, teach remotely and in classrooms, and conduct integrated training for further spread.
- When do you plan to start introducing digital textbooks?
- If we can reach an agreement with the Ministry of Education and Science, it is possible to wholly introduce within six months. We can complete the translation of all textbooks into Mongolian by the third quarter of this academic year, or from February 1 of the next year, make 100% of them into the platform and introduce throughout the country. We plan to use digital textbooks remotely, more interactively, with clear and up-to-date solutions.
- Is it possible to use the platform without Internet?
- Yes. We are making the textbook so that it can be used on all smart devices, including mobile phones, tablets, and computers. Based on consultation with the Education Information Center, the extension can be used from all types of smart devices without data loss. To this end, you can first download the textbook from the Internet and use it in offline mode. For example, the textbook for the 8th grade of chemistry, which generally contains pictures and texts, will be analyzed and digitized to make it easier to comprehend. By developing our teachers in cooperation with the "Medlee" School, which provides distance education to the children of 321 soums of Mongolia, distance education can be conducted more efficiently on a high quality level.
- What are the advantages of digitizing textbooks?
- The Platform has a huge content pool with explanations, videos, various tools and audios. We can add Mongolian culture heritage, customs, songs, music, and paleontology to the platform, which meets international standards, and present to the children of the world. We live in a time when education is not unreachable. The aim is to deliver this to all Mongolian children around the world. For Mongolians living in foreign countries, there is a risk of falling behind in respect of native language. They will get an opportunity to learn Mongolian language and culture through distance learning. The results are visible after 3-4 years of use.
- Is there any experience of introducing it in other countries?
- This platform has been released in 40 languages in 46 countries. With the introduction of this platform in our country, Mongolian will become the 41st language.
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A Mongolian Marathoner’s Secret Weapon? Staying Power www.nytimes.com

Long before Ser-Od Bat-Ochir became one of the most prolific distance runners in the world, he planted himself on the start line of the Hong Kong Marathon in 2002. At the time, Ser-Od had never run anything longer than 20 kilometers — or about 12 miles — even in training.
“I didn’t know what I was doing,” he said.
That hardly prevented him from running with a lead group of Kenyans for the first few miles, after which the marathon imposed its remorseless brand of agony. As he labored to the finish line, well out of contention, Ser-Od came to an important realization: Marathons are long and difficult.
“I just thought, I don’t want to do this again,” he said. “But here I am.”
Yes, here is Ser-Od, now 41, and there is no one else quite like him. A five-time Olympian, he has now run in 74 marathons and represented Mongolia at every major international competition since 2003.
On Sunday morning, with the support of his wife, Oyuntuya Odonsuren, who moonlights as his coach, Ser-Od will make his 11th straight appearance at the World Athletics Championships when he tackles the streets of Budapest in the men’s marathon.
In the process, Ser-Od has become a uniquely popular figure in the marathon world: a self-made runner who emerged from obscurity to become a near-permanent presence on the global stage.
“Tough as nails,” said Tim Hutchings, a broadcaster and former world-class runner, “and a gentle, smiling soul.”
Ser-Od, whose 5-foot-7 frame has the smooth aerodynamics of a hang glider, still has outsize goals. He hopes to improve on his personal best of 2 hours 8 minutes 50 seconds. He hopes to place among the top eight at a major marathon. And he hopes to race next summer at the Paris Olympics.
“I know it won’t be easy,” he said.
But when has his path ever been easy? In an interview over coffee on a recent afternoon, he thought back to his roots, recalling his childhood in Ulaanbaatar, the capital of Mongolia, where his father taught industrial arts and his mother was a kindergarten teacher.
Ser-Od Bat-Ochir running in a pack during the 2022 world championships. He is wearing a blue-and-red top, red shorts and white shoes.
At 41, Ser-Od has been a constant presence for as long as some of his competitors have been alive.Credit...Patrick Smith/Getty Images
Ser-Od was not particularly academic-minded when he was young — “There was nothing I hated more than studying,” he said, laughing — but he was a good athlete. His first race was at a school sports festival, where he and his classmates were given five minutes to see how far they could run. Ser-Od won easily.
“I loved that feeling,” he said in Japanese through his agent, Brett Larner, who also acted as his translator.
Ser-Od continued to run throughout high school and, after attending university, briefly taught physical education. But the pay was meager, he said, and the long hours cut into his training. He often had no choice but to run at night, and if you’ve never experienced the splendors of jogging on a chilly evening in Mongolia, Ser-Od can tell you all about it.
“It gets quite cold and dark,” he said.
Back when Ser-Od was starting out, Mongolia lacked much of a running culture, he said. People would see him bundled up in four or five layers of sweats and stare at him as if he were juggling cats on a unicycle.
But he was already dreaming big, having watched on television as Haile Gebrselassie of Ethiopia won the men’s 10,000 meters at the 2000 Summer Olympics. Ser-Od began to wonder: How does one go about becoming an international athlete? Would it be possible for him to compete at the world championships? Or even at the Olympics?
“And just because there’s not really any history of athletics or running in Mongolia, nobody knew,” he said. “It was a learning process.”
After his marathon debut in Hong Kong, Ser-Od quit his teaching job and joined the national police as an officer, one who could win races. The national police had a track and field club, and Ser-Od was a bit of a ringer.
More important, Ser-Od now had the requisite funding to train on more of a regular basis. In 2003, he made his first appearance at the world championships, placing 63rd in a time of 2:26.39, which demolished Mongolia’s national record by about 10 minutes.
“Everybody was just amazed that a Mongolian could run that fast,” Ser-Od said. “They said that it was crazy, that nobody would ever break it.”
Ser-Od continued to break it — he ran a test event for the 2008 Olympic marathon in 2:14.15 — but he was confident that he still had untapped potential when, a year later, he met Gebrselassie at a road race in England. Ser-Od said he was able to dine with Gebrselassie a couple of times and took full advantage of the opportunity to pepper him with questions about training.
“I still didn’t know what I was doing,” Ser-Od said. “So I asked him, ‘What does a world-class marathoner need to do to run at that level?’ And Haile said, ‘The most important thing is to identify what works for you and don’t worry about what others are doing.’”
After the race, Ser-Od was getting off an elevator when he bumped into Gebrselassie again.
“And I’ll never forget this: He asked if we could get a picture together,” Ser-Od said.
It was a formative moment for Ser-Od, who drew inspiration from their encounter and continued to improve. He broke through with a top-10 finish at the 2011 London Marathon. What was working for him? A grueling training program that seemed to invite all of the planet’s atmospheric conditions.
“I was training completely by myself, and I was doing it all,” he said. “I was training in the heat. I was training in the snow. I was training in the rain. I was training in the dark. And that produced results.”
It was also taking a toll. By 2014, Ser-Od knew that he could use some company — “Training by yourself is really draining,” he said — so he moved with his wife and four children to Japan, where he joined a professional team.
But marathoning is an unforgiving profession, and when Ser-Od found himself without a sponsor after the Tokyo Olympics in 2021, he fell into a funk. He thought his career was finished. He reached out to Larner, whom he had met through running circles.
“I was like, ‘Uh, I’m a big fan, but a 40-year-old Mongolian? How am I going to find you a sponsor?’” Larner recalled. “I told him I’d see what I could do, but I thought it was pretty hopeless.”
After making several inquiries that went nowhere, Larner was connected with Shingo Oshiro, the president of a solar panel company that had recently started a women’s running team. Oshiro offered Ser-Od a contract and told him he would hire him as a coach for the team once he retired from racing.
“I was so appreciative that they believed in this idea of going for a sixth Olympics and wanted to support me,” Ser-Od said. “I really want to repay my debt to them.”
Still, he knows that making it to the Paris Games next year will be another challenge. He is, in some ways, a victim of his own success. It is all relative, but marathoning in Mongolia has become more popular thanks in part to Ser-Od. He recalled visiting Ulaanbaatar this spring — he still has a home there — and getting stopped for selfies.
“Oh, it’s Ser-Od!” he recalled people shouting.
In a development that would have been unthinkable a few years ago, there are now four Mongolian men who are competitive enough to race at events like the world championships. The problem is that the country can send only three of them to major international competitions.
In fact, Ser-Od thought he was in danger of missing out on Budapest. After he placed 26th at last year’s world championships in Eugene, Ore., injuries hindered his training. As a result, his national ranking slipped to fourth. After an unspectacular result at the Copenhagen Marathon in May, he braced himself for the worst.
“We kind of thought, Eh, that’s probably it,” Larner said. “But there was a miracle.”
It turned out that one of Ser-Od’s Mongolian rivals had raced poorly in Copenhagen. The country’s athletics federation subsequently awarded its final spot in the world championships to Ser-Od.
“It was lucky,” Larner said. “Very lucky.”
Of course, there is nothing wrong with a little luck, especially after so many years of hard work. Against all odds, Ser-Od’s finish still seems far away.
BY
Scott Cacciola has covered sports for The Times since 2013.
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Ulaanbaatar City Initiates Capital City Bond Issuance for Strategic Development www.mongoliaweekly.org

Mongolia's capital, Ulaanbaatar city, recently applied to issue capital city bonds on August 25, 2023. The aim is to raise funds that can be used to address various economic and social challenges the city is facing. The plan involves offering bonds with a total value of up to 500 billion tugriks, which is roughly equivalent to around $144 million. This effort aligns with existing legal regulations.
Ulaanbaatar applies for raising bond
The funds generated through these bonds will play a crucial role in financing strategic projects. These initiatives are aimed at improving the overall condition of the city. Key projects include urban decentralization, the reduction of congestion, expanding the road network, enhancing access to educational institutions, improving the quality of life for citizens, and creating better living conditions in general.
The process of issuing these bonds is being facilitated by BDSec JSC, a company with a 32-year history in providing investment consultation and underwriting services for significant projects. Their expertise adds credibility to the initiative.
The mayor of Ulaanbaatar stressed the importance of meticulous planning, embracing digital innovation, and strengthening the city's legal foundation to ensure effective development. The mayor also emphasized the potential of satellite cities and the importance of collaboration with the private sector.
Ulaanbaatar's development plan, which stretches until 2050, is currently under preparation. This plan envisions joint economic endeavors and aims to tackle the persistent issue of congestion in the city.
Ulaanbaatar's move to issue capital city bonds reflects its commitment to addressing pressing economic and social challenges. The bonds are expected to play a vital role in financing key projects that will enhance the city's infrastructure, education, and overall quality of life for its citizens.
The current metro area population of Ulaanbaatar in 2023 is 1,673,000, a 1.7% increase from 2022.
The government debt to GDP ratio in Mongolia is expected to reach 58 percent by the end of 2023.
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In First Half of 2023 Foreign Trade Turnover Amounts USD 11.8 Billion www.montsame.mn

In the first half of 2023, Mongolia traded with 143 countries, and the foreign trade turnover amounted USD 11.8 billion, of which exports were USD 7.6 billion and imports were USD 4.3 billion.
Total turnover increased by USD 2.6 billion (27.9 percent), export by USD 2.3 billion (42.5 percent), and import by USD 325.6 million (8.2 percent) compared to the same period of the previous year. In June of 2023, exports increased by USD 88.4 million (7.4 percent) and import by USD 8.6 million (1.1 percent) compared to the previous month.
In the first half of 2023, the foreign trade balance amounted USD 3.3 billion in profit increasing by USD 1.9 billion (2.4 times) compared to the same period of the previous year. According to the National Statistics Office (NSO), this June the profit accounted for USD 472.7 million, increasing by USD 79.8 million (20.3 percent) from the previous month.
Trade with China in the first half of 2023 was USD 8.6 billion, accounting for 73 percent of foreign trade turnover. Hard coal equaled 61.4 percent and copper concentrate accounted for 19.1 percent. Gold made up 99.5 percent of goods exported to Switzerland.
In the first half of 2023, the growth of exports of coal by USD 2.1 billion, oil by USD 162.9 million, canned meat products by USD 82.1 million, fluorspar ore and concentrate by USD 70.8 million, iron ore and concentrate by USD 55.3 million, equine meat by USD 52.2 million affected the increase of exports by USD 2.3 billion compared to the same period of the last year.
In June of this year, the average border price of gold decreased by USD 2.3 thousand per kg, average border price of iron ore and concentrate dropped by USD 15.5 per ton, average border price of coal decreased by USD 7.7 US per ton, and the average border price of copper concentrate increased by USD 0.4 per ton. The physical volume of coal exports reached 5.6 million tons last June, 1.4 million tons more than the previous month, and amounted USD 718.7 million, making increase of USD 139.5 million.
As of the first half of 2023, China accounted for 39.2 percent of imports, Russia 26.6 percent, Japan 8 percent, South Korea 4.6 percent, the United States 3.6 percent, and Germany 2.5 percent, making up 84.4 percent of total imports. Petroleum products accounted for 71.3% of goods imported from Russia, passenger cars made up 72.7% of goods imported from Japan, and trucks – 10% of goods imported from China.
Imports increased by USD 325.6 million compared to the same period of the previous year due to the growth of importation of diesel fuel by USD 128.2 million, trucks by USD 68.4 million, passenger cars by USD 51 million, and bulldozers, ironers, levelers, and excavators by USD 31.5 million respectively.
Exports of mineral products, precious stones, metals, jewelry, and textile products accounted for 94.2 percent of total exports, whilst 77.2 percent of imports were mineral products, machinery, equipment, electrical appliances, transport vehicles, spare parts, basic metals, products thereof, and food products.
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Xanadu makes electric connection in Mongolia www.thewest.com.au

Xanadu Mines has revealed its massive Mongolian copper-gold Kharmagtai deposit is now connected to the local electric grid, paving the way for current and future construction and exploration activities.
The company says its vital 35,000-volt connection to the Mongolian Southern Electricity Distribution Network is expandable and will accommodate Kharmagtai moving closer towards operational mine status. It also satisfies the needs of the current prefeasibility Study (PFS), exploration activities and current constructions, which include a modern 30-person accommodation block for an expanded workforce, a high-tech core shed, a drinking water filtration system and a greenhouse run by locals.
The company is demonstrating its commitment to being a leader in environmental, social and governance (ESG) objectives by converting from diesel-generated power, reducing plastic waste with an in-house filtration system and growing greenhouse-generated produce.
These upgrades clearly demonstrate Kharmagtai moving from an exploration project into the near-term construction stage. By connecting to the grid mine …(it) will enable us to meet electricity requirements for construction as well as the current studies stage … and deliver a modern, contemporary, low-impact and long-life copper-gold into the Mongolian economy.
Xanadu Mines executive chairman and managing director Colin Moorhead
The company is on track to produce a PFS resource update for its 50 per cent-owned and operated Kharmagtai project by year’s end after completing two phases of infill drilling. It shares the project with its joint venture partner, Chinese copper giant Zijin Mining Group.
Kharmagtai already hosts an impressive mineral resource estimate of 1.1 billion tonnes for 3 million tonnes of contained copper and 8 million ounces for 3.3 million ounces of contained gold, while remaining open along strike and at depth. A scoping study revealed a potential US$630 million (AU$975.2 million) net present value for a 30-year mine producing 50,000 tonnes of copper and 110,000 ounces of gold annually.
Exploration drilling is also continuing at Kharmagtai with two diamond rigs. The company expects to provide additional shallow results from the work, in addition to its maiden deep-drilling assays, as soon as next month.
Earlier this year, Xanadu completed its strategic partnership with Zijin, giving it access to funding for its current round of exploration and the PFS. The PFS will include an upgraded mineral resource and maiden ore reserve, incorporate metallurgy-processing-mining technology studies, mine design and engineering.
It will lead to a final investment decision by end of next year, with a view to first production at the end of 2027.
With all motors whirring upon Xanadu’s key electrical connection to the Mongolian grid, an expanding portfolio of construction activities and a pending mineral resource estimate update expected early next quarter, the company is rightfully commanding sedulous shareholders’ attention.
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Human anthrax case reported in central Mongolia www.xinhuanet.com

A human anthrax case was reported in the central Mongolian province of Tuv, authorities said Thursday.
The case was confirmed in Mungunmorit soum, an administrative subdivision of the province, by a polymerase chain reaction test, the National Center for Zoonotic Diseases said, adding that the soum has been quarantined indefinitely due to the outbreak.
Anthrax is an infectious disease caused by Bacillus anthracis, a spore-forming bacterium, which occurs naturally in soil and mainly affects livestock and wild animals.
People can get sick with anthrax if they have contact with infected animals or contaminated animal products.
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Remarks of Ambassador Richard L. Buangan on the Occasion of the 247th Anniversary of the Independence of the United States of America www.mn.usembassy.gov

Your Excellency, Deputy Prime Minister Amarsaikhan, Ministers and Representatives of the Government of Mongolia, esteemed members of the Great State Khural, members of the diplomatic corps, friends and colleagues, my fellow Americans:
At long last, welcome to the National Day Reception of the United States Embassy. We gather today, not only to commemorate the 247th anniversary of the independence of the United States of America but to celebrate our two great democracies, the United States and Mongolia.
We gather today to not only pay tribute to this Strategic Third Neighbor Partnership that has only grown stronger in the past 36 years, but also to honor the bonds of friendship between the Mongolian and the American people.
This is indeed a celebration of our freedom.
To echo the words of your great and honored poet Purevdorj, “On the rays of the morning sun, on the two strings of a playing fiddle, on the ground where men breathe freely, independence – I shall proudly proclaim you.”
Our enduring friendship is not just based on our mutual democratic values and shared interests, it is forged with the unyielding determination of our two nations to be free, so we can all share in our common love for life, liberty, and the pursuit of happiness.
Our friendship stands on the shoulders of our people, especially those who defend and keep our democracies strong: our soldiers and peacekeepers, our teachers and first responders, our human rights defenders and business leaders.
The United States will remain committed to ensuring that people-to-people exchanges remain the beating heart of our diplomatic relationship so our youth, our dreamers, inventors, and entrepreneurs can continue to inspire and learn from each other.
The United States will support Mongolia as it continues to tackle global challenges.
For the past 20 years, Mongolian peacekeepers have served in troubled parts of the world, bravely shouldering personal risk in the name of peace. These heroes deserve our support, our gratitude, and our appreciation.
We welcome Mongolia’s expertise and leadership in our fight against climate change, deforestation, and desertification.
We admire the contributions that Mongolia has made towards dialogue and maintaining peace and security in northeast Asia.
Make no mistake, we still firmly believe Mongolia remains a shining oasis of democracy and a model for others in the Indo-Pacific.
To that end, we are committed to supporting the Mongolian people as they build a strong, democratic, and prosperous country today, so the Mongolia of tomorrow will be worthy of the dreams of its children.
The journey is not easy. But we will walk it with you.
To our friends in the diplomatic corps and international organizations, all of you have helped Mongolia through its democratic journey by empowering and enabling Mongolians to achieve success and prosperity on their own.
The United States Embassy is proud to work with you on many of these endeavors, supporting the Mongolian people building a nation that their children will be proud of.
May the words of the poet Purevdorj, the words that proclaim Mongolia’s independence, continue to inspire us all to believe and hope in the power and potential of this great and magnificent country.
As we hear in the words that Mongolians young and old sing every day, “The brilliant people of the brave Mongolia have gained freedom and happiness – the key to delight and the path to success. Long live our glorious country.”
Long live Mongolia indeed.
Thank you very much, God bless Mongolia, God bless the United States of America, and happy belated Independence Day.
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