1 DEPUTY PRIME MINISTER S.AMARSAIKHAN DISMISSED FOR VIOLATING ACCOUNTABILITY AGREEMENT WWW.GOGO.MN PUBLISHED:2025/10/29      2 STATE EMERGENCY COMMISSION ORDERS READINESS AMID FUEL-SHORTAGE RISKS WWW.GOGO.MN PUBLISHED:2025/10/29      3 WORLD BANK TO ASSIST MONGOLIA IN COP17 PREPARATIONS WWW.MONTSAME.MN PUBLISHED:2025/10/29      4 CRIMINAL INVESTIGATION LAUNCHED AGAINST MP D.AMARBAYASGALAN WWW.GOGO.MN PUBLISHED:2025/10/28      5 MONGOLIA AND GERMANY TO HOLD NEGOTIATIONS ON DEVELOPMENT COOPERATION WWW.MONTSAME.MN PUBLISHED:2025/10/28      6 MONGOLIAN HEALTH WORKERS BEGIN STRIKE AFTER EIGHT DAYS OF PROTEST WWW.ASIANEWS.NETWORK PUBLISHED:2025/10/28      7 STEPPE FIRE DESTROYS 800 HECTARES OF LAND IN EASTERN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/10/28      8 MONGOLIA’S CORRUPTION PROBE AT OYU TOLGOI MINING OPERATIONS UNFOLDS WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/10/28      9 RIO TINTO AND SPIC QIYUAN BEGIN BATTERY-SWAP TRUCK TRIAL IN MONGOLIA WWW.MINING-TECHNOLOGY.COM PUBLISHED:2025/10/28      10 THE EUROPEAN UNION - MONGOLIA BUSINESS AND INVESTMENT FORUM LAUNCHES A NEW ERA OF ECONOMIC PARTNERSHIP WWW.EEAS.EUROPA.EU PUBLISHED:2025/10/28      "С.АМАРСАЙХАН ХАРИУЦЛАГЫН ГЭРЭЭ ЗӨРЧСӨН ТУЛ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР АЛБАН ТУШААЛААС НЬ ОГЦРУУЛСАН" WWW.EAGLE.MN НИЙТЭЛСЭН:2025/10/29     ЗГ: ГЭР БҮЛИЙН ТУХАЙ ХУУЛИЙН ШИНЭЧИЛСЭН НАЙРУУЛГЫГ ХЭЛЭЛЦЭНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/29     ҮСХ: ДИЗЕЛИЙН ТҮЛШ ЛИТР ТУТАМДАА 74 ТӨГРӨГӨӨР ӨСӨЖ ₮3014 БОЛОВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/29     ЭНЭ ОНЫ ЭХНИЙ 10 САРД 14,785 ХҮҮХЭД ХҮЧИРХИЙЛЭЛД ӨРТЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/29     РИО ТИНТО ГРУПП ОЮУТОЛГОЙ ХХК-Д АВЛИГЫН ЭСРЭГ ШАЛГАЛТ ЭХЛҮҮЛЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/28     УОК: ЭРСДЭЛД БЭЛЭН БАЙХЫГ ҮҮРЭГ БОЛГОВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/28     ЛАГ ШАТААХ ҮЙЛДВЭР ТӨСЛИЙГ ТӨР, ХУВИЙН ХЭВШЛИЙН ТҮНШЛЭЛЭЭР ХЭРЭГЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/28     УЛААНБААТАР-СИНГАПУРЫН ЧИГЛЭЛД ШУУД НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/10/28     ЗАЙСАНГИЙН ГҮҮРИЙГ 54 ЖИЛИЙН ДАРАА БҮРЭН ШИНЭЧИЛЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/28     ЦЕГ-ЫН ДАРГААР Ж.БОЛДЫГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/28    

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

China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.
Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.
The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of commodities. It isn’t clear when the halt might end or how it might affect long-term contracts that are already in place.
The fossil fuel has been a previous target for China’s ire with what it regards as an increasingly hostile government in Canberra, most recently in 2019 when shipments became subject to port delays. It’s one of the few resources in which China is largely self-sufficient, as it mines and burns about half the world’s supply, and its utilities use lower-quality thermal coal for just a small fraction of their needs.
Higher-quality coking coal is a different story. China produces less of it and the country’s steel-making giants are still reliant on overseas suppliers, where Australia is dominant, typically accounting for over half
China is, overwhelmingly, the key buyer of Australia’s most lucrative export, iron ore, although curbs on that product would be a heavy blow to a steel industry that relies on vast -- and cheap -- supplies from mining heavyweights like Rio Tinto Group and BHP Group.
More broadly, China keeps a tight grip on coal imports as it seeks to balance the needs of its miners and industrial users. The fuel still accounts for over half of its energy needs, but is falling out of favor, albeit gradually, as China shifts to cleaner burning energy to cut pollution and meet increasingly ambitious climate goals.
“We are aware of these reports and have had discussions with Australia’s resources industry, who have previously faced occasional disruptions to trade flows with China,” Trade Minister Simon Birmingham said in a statement. “Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits.”
BHP Group, Australia’s biggest exporter of coking coal, didn’t immediately respond to a request for comment. China Baowu Steel Group, the nation’s biggest mill, declined to comment. The news of the coal ban was first reported by outlets including S&P Global Platts and Argus Media.
— With assistance by Jason Rogers, Steven Yang, Qian Chen, Matthew Burgess, Alfred Cang, David Stringer, and Winnie Zhu
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Mining and quarrying gross output decreased by MNT 2.1 trillion www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the preliminary results, the gross industrial output reached MNT 11.1 trillion in the first nine months of 2020, decreased by MNT 2.3 trillion (17.2%) from the same period of the previous year. This decrease was mainly due to MNT 2.1 trillion (21.5%) decrease in the mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 62.4 billion (7.9%) compared to the same period of the previous year.
By preliminary results, the mining and quarrying gross output reached MNT 7.6 trillion, in the first nine months of 2020, decreased by MNT 2.1 trillion (21.5%) from the same period of the previous year. This decrease was mainly due to declines in the mining of coal and lignite by MNT 2.2 trillion (52.8%) and the extraction of crude petroleum by MNT 503.6 billion (66.0%) compared to the same period of the previous year.
In September 2020, the gross industrial output reached MNT 1.7 trillion, increased by MNT 270.1 billion (19.4%) from the previous month. This increase was mainly due to MNT 268.3 billion (28.0%) increase in mining and quarrying output.
As of the preliminary results of the mining and quarrying sector, in the first nine months of 2020, fluorspar, extraction of iron ore, and gold increased by 5.0-35.1 percent compared to the same period of the previous year. In the manufacturing sector, alcohol, pure water, soft drink, juice, production of alcoholic beverage, wheat flour, cement, milk, and coal briquette increased by 0.6-56.9 percent compared to the same period of the previous year. Also, the production of masks increased by 12.5 times more compared to the same period of the previous year.
However, in the mining and quarrying sector, extractions of copper concentrate, brown coal, hard coal and crude oil decreased by 2.5-52.3 percent. In the manufacturing industry, productions of lime, cashmere products, copper cathode 99%, meat, metal steed, combed cashmere, concentrated coal and cigarettes decreased by 6.0-46.8 percent compared to the same period of the previous year.
By the preliminary results of the first nine months of 2020, the sales of industrial output reached MNT 12.7 trillion, decreased by MNT2.9 trillion (18.4%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 2.6 trillion (23.8%) decrease in sales of mining and quarrying and MNT 316.0 billion (8.2%) decrease in sales of manufacturing.
The sales of mining and quarrying output decreased by MNT 2.6 trillion (23.8%) compared to the same period of the previous year. This decrease was mainly resulted MNT 2.1 trillion (52.8%) decrease in sales of coal mining and MNT 477.7 billion (66.3%) decrease in sales of crude petroleum extraction, respectively.
In the total sales of industrial output, MNT 7.1 trillion (56.3%) was export, of which MNT 5.9 trillion (83.0%) was export of mining and quarrying output.
In the total of MNT 5.9 trillion export of mining and quarrying output, 65.5 percent was metal ores, 28.3 percent was of coal and lignite, 4.1 percent was crude petroleum, 2.2 percent was other mining and quarrying output.
In September 2020, the seasonally adjusted industrial production index was 115.8 (2015=100), decreased by 0.7 percent from the same period of the previous year. But it was increased by 5.3 percent from the end of the last year, and by 13.5 percent against the last month.
Source: National Statistics Office
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Number of COVID-19 infections in Mongolia rises to 318 www.xinhuanet.com

The number of COVID-19 infections rose to 318 in Mongolia, according to the country's National Center for Communicable Diseases (NCCD) on Monday.
"A total of 2,027 tests for COVID-19 were conducted across the country in the last three days and three of them were positive," the NCCD's head Dulmaa Nyamkhuu said at a press conference.
Two of the latest three new cases are Mongolian nationals who returned home from Japan on a chartered flight on Saturday, and the rest one is a Mongolian transport driver who came back from Russia via Altanbulag border point on Oct. 8, Nyamkhuu said.
All 318 confirmed cases were imported and, among them, 310 patients have recovered from the disease.
The Asian country has not seen a single COVID-19 related death or local transmission so far. Enditem
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Foreign visitors to Mongolia down 88.5 pct in first three quarters due to COVID-19 pandemic www.xinhuanet.com

The number of foreign visitors to Mongolia dropped 88.5 percent year on year in the first three quarters of 2020, according to the latest report released by the country's National Statistics Office (NSO) on Monday.
Mongolia received a total of 60,500 foreign visitors in the January-September period, the report said.
The sharp decline in foreign tourist arrivals is directly related to the prolonged containment measures due to the COVID-19 pandemic, according to NSO experts.
The Asian country entered a heightened state of readiness on Feb. 12 to prevent the spread of COVID-19, with measures including the suspension of international passenger flights. Enditem
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Mongolia harvests 132.5 thousand tons of grain www.akipress.com

As of October 1, 205.9 thousand tons of potato, 132.5 thousand tons of grain, 78.5 thousand tons of vegetables have been harvested in Mongolia, the national news agency Montsame reports.
The harvested potato and vegetable increased by 19.0 and 67.4 thousand tons or 32.0 and 48.7 percent compared with the same period of the previous year. As for the grains, it was increased by 8.1 thousand tons or 6.5 percent.
Whereas, the amount of prepared hay went down by 274.8 thousand tons or 35.2 percent, fodder by 8.8 thousand tons or 42 percent and silage by 0.3 thousand tons or 37.3 percent respectively compared with the same period of the previous year.
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Mongolia’s GDP to contract by 2-4 percent www.news.mn

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

The Board Meeting of ‘Erdenes Mongol’ LLC made a decision on 12 October to appoint former MP D.Khayankhyarvaa as CEO of ‘Erdenes Mongol’ LLC, dismissing P.Gankhuu.
D.Khayankhyarvaa was elected to parliament in 2008 and worked as Minister of Finance in 2012.
The Mongolian government established Erdenes Mongol in 2006 as a holding company to represent its interest in strategic mines, manage mineral licenses and promote the mining sector.
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Vernon woman goes on 700 km horseback ride for Mongolian charity www.globalnews.ca

Julie Veloo is riding 700 kilometres through Mongolia on her charity’s annual fundraiser, the Gobi Gallop Ride Challenge, to raise funds for children in Mongolia.
“The Gobi Gallop is the longest annual charity horseback ride on the planet,” said the Veloo Foundation vice-president.
Since moving to Mongolia more than 10 years ago, splitting her time between there and the Okanagan Valley, Veloo has been dedicated to changing the lives of displaced herdsmen and their children, who are forced to scavenge through the garbage dumps to survive.
The Veloo Foundation runs The Children of the Peak Sanctuary Project in Ulaanbaatar, the capital of Mongolia.
“Now we have two kindergartens and we have over 300 kids off of the garbage dump and being fed, cared for and educated,” said Veloo. “We also have a summer camp for 300 children and we have a community library.”
In years past, the Gobi Gallop was a grand event attracting riders from around the world and raising upwards of $50,000 a year for the foundation. This year, COVID-19 wasn’t going to stop Veloo from keeping the event going this year she is taking it on by herself.
“People are taking turns riding with me,” said Veloo. “Even though it’s called the Solo Challenge, I am not riding off into the distance on my horse by myself; I do take people along for for safety and for company and so far we have done in three days 235 kilometres.”
So far she has raised just over $8,000 but she says it’s crucial that she get much closer to her $50,000 fundraising goal.
“(Not reaching the goal would) involve cutbacks and not lay offs but we won’t be able to take as many children as we otherwise would that’s what this is all about how many kids can we take and how many can we help,” said Veloo.
Veloo has been keeping everyone up to date on her nine-day ride on their Facebook page, where you can follow along, donate and get to know the families the foundation help.
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Mongolia makes USD 600 million offering to focus on sustainability www.iclg.com

Mayer Brown has for the lead arrangers and managers on the Government of Mongolia’s USD 600 million bonds issuance and associated cash offer to repurchase senior notes due in 2021 and 2022. Mongolia’s rare sovereign issuance in the Asia-Pacific region since the outbreak of the Covid-19 pandemic, involves the issuance of notes in the aggregate principal amount of USD 600 million maturing in 2026. The issuance, which attracted strong demand from international investors, extends the maturity date of Mongolia’s existing debt and reduced debt servicing costs, allowing the Mongolian government to increase spending on reaching its sustainability targets. The proceeds will be used to finance the government’s involvement in sustainability projects such as hydropower developments, schools and the construction of affordable housing in order to reduce inadequate living conditions in Mongolian ger districts, which are residential districts in Mongolian settlements. It is in these settlements that residents are required to burn wood or low-quality coal to generate heat, which increases pollution. Describing the sovereign issuance as “successful” and a “landmark transaction”, partner and head of Mayer Brown’s corporate and securities practice group in Hong Kong, Jason Elder, continued to say in a statement that the “benchmark issuance and liability management transaction brings significant benefits to Mongolia… supporting the continued development of the country and its people”. In June, Mongolia attracted investment of USD 99 million from the International Monetary Fund (IMF) under the Rapid Financing Instrument, to help the country tackle the Covid-19 pandemic, intended to “support foreign exchange reserves, create fiscal space for essential pandemic-related expenditure, and catalyse donor support”, said the IMF in a press release at the time. The IMF also stated in the June press release that “Mongolia has successfully avoided a domestic outbreak of Covid-19 thus far… Nonetheless, the pandemic has sharply reduced economic activity due to both the economic cost of the containment measures and the fall in external demand”, resulting in “an urgent balance of payments need and a fiscal financing gap”. Elder led the Mayer Brown advisory team on the bonds issuance, with help from New York tax transactions and consulting partner Jared Goldberger and associate Brennan Young, Hong Kong corporate and securities partner Thomas Kollar and foreign registered lawyers Sean Su and Winston Wang, Washington, DC government and global trade partner Tamer Soliman and Singapore-based litigation and dispute resolution partner Yu Jin Tay and associate Si Cheng Lim. Also this month, the issuance of the , listed on London Stock Exchange, was advised on by Linklaters and Zaki Hashem & Partners, one of the oldest law firms in Egypt and the Middle East.

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China is winning the global economic recovery www.cnn.com

Hong Kong (CNN Business)While much of the world scrambles to prevent new coronavirus cases from stalling the fragile recovery from recession, China's economy is hitting its stride again and will end the year more influential than ever.
The world's second largest economy was the only major world power to avoid a recession this year as Covid-19 forced lockdowns and crippled businesses. China's GDP is expected to grow 1.6% this year, while the global economy as a whole will contract 5.2%, according to summer projections from the World Bank.
China built its relatively quick recovery through several measures, including stringent lockdown and population tracking policies intended to contain the virus. The government also set aside hundreds of billions of dollars for major infrastructure projects, and offered cash incentives to stimulate spending among its populace. The payoff has been evident, as tourism and spending rebounded during last week's busy Golden Week holiday period.
By the end of the year, China's share of global GDP is likely to rise by about 1.1 percentage points, according to a CNN Business calculation using World Bank data. That's more than triple the share it gained in 2019. By contrast, the United States and Europe will see their shares dip slightly.
All told, China's economy is expected to be worth about $14.6 trillion by the end of 2020, roughly equivalent to 17.5% of global GDP.
Even without the disruption caused by the virus, China's share would have ticked up this year, according to Larry Hu, chief China economist for Macquarie Group. But China's ability to buck the worldwide trend is accelerating the growth in its importance to the global economy.
"The recovery in China has been much stronger than the rest of the world," Hu added.
The economic improvement has been no more apparent than during this past week, when the country celebrated one of its annual Golden Week holidays. This season's festivities marked the founding of the People's Republic of China and the Moon Festival, and was one of the country's busiest travel seasons of the year.
More than 630 million people traveled around the country during Golden Week, which ended Thursday, according to the Ministry of Culture and Tourism. That's nearly 80% of the numbers who traveled during the same period last year.
Tourist spending, meanwhile, recovered to nearly 70% of last year's level, reaching $70 billion. And movie ticket sales surpassed $580 million during the Golden Week holiday — just 12% shy of last year's record high.
The holiday week's numbers are "encouraging," said Macquarie's Hu.
"As life is returning to normal in mainland China, consumption, especially the service consumption, is under recovery," he said, added that pent-up demand has finally been unleashed.
A more balanced recovery
Even before the holiday, China's economy had been picking up momentum.
An official gauge of manufacturing activity rose to a six-month high in September. A private survey from the media group Caixin, which measures smaller businesses, also showed the sector continued to expand last month.
The services sector is also doing well. An official survey released last week put activity at its highest level in nearly seven years. And on Friday, a Caixin survey revealed that services experienced one of the quickest paces of expansion in the past decade in September.
"Overall, the economy remained in a post-epidemic recovery phase and improved at a faster pace," Wang Zhe, senior economist at Caixin Insight Group, said in a report accompanying Friday's data.
Consumer spending is rebounding, too, in yet another encouraging sign. Economists were concerned earlier this year that China's recovery was too unbalanced, having been driven by lots of state-led infrastructure projects and not enough consumer spending.
And despite trade tensions, China's economy has also benefited from its vital role in global supply chains, according to Louis Kuijs, chief Asia economist at Oxford Economics. The research and advisory group's own calculations also indicate that China will increase its share of global GDP by about a percentage point this year.
"In contrast to expectations of ... changes in global supply chains away from China, it looks as if, at least for now, China's success in shaking off the Covid-19 outbreak and keeping factories operating has strengthened its role in global value chains," Kujis said. He pointed out that US foreign direct investment into China actually rose 6% in the first half of this year, according to China's Ministry of Commerce.
"Even as US-China tensions have worsened dramatically recently, many US multinationals remain keen to engage with China," Kujis said, adding that American firms were likely encouraged by Beijing's decision to remove some barriers to investing in the country's financial sector.
Challenges ahead
While China's recovery has been strong, there are challenges ahead.
Like in other countries, the pandemic has taken a heavy toll on China's poor and rural populations, according to the Fitch Ratings analysts.
The average monthly income collected by rural migrant workers fell nearly 7% in the second quarter compared to a year earlier, according to World Bank estimates that used Chinese government data. The hundreds of millions of people who fit that description typically work in construction, manufacturing and other low paying but vital activities.
And low-income households in China — those who make less than $7,350 a year — experienced the most severe declines in family wealth out of any other income group, according to a survey jointly conducted by China's Southwestern University of Finance and Economics and Ant Group's research institute.
"This suggests the recent recovery in consumption is likely to have been somewhat skewed towards higher-income groups," the Fitch Ratings analysts said.
And Kuijs of Oxford Economics said that US-China tensions remain a concern, even as foreign direct investment grows.
If the United States were to decouple "significantly from China," the country's growth would trend less than half a percentage point lower per year through 2040, he said, as long as other developed countries maintained most ties.
But if other developed countries join the United States, he suspected that impact could be much larger, causing China's GDP growth to fall twice as fast through the same period.
That kind of "substantial" decoupling "would sharply reduce the country's productivity and GDP growth," Kuijs said.
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