1 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      2 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      3 DIESEL LOCOMOTIVE CONVERTED TO HYBRID LOCOMOTIVE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/11      4 MONGOLIA REVEALS ITS UNTAMED BEAUTY AND RICH CULTURE THROUGH THE EYES OF DUTCH TOURISTS ON AN UNFORGETTABLE ADVENTURE WWW.TRAVELANDTOURWORLD.COM  PUBLISHED:2025/09/11      5 ROBOTIC MILITARY DOG TRAINING FEATURED IN CHINA-RUSSIA-MONGOLIA BORDER DEFENSE EXERCISE WWW.NOVINITE.COM  PUBLISHED:2025/09/11      6 MONGOLIA DEPLOYS 15TH BATTALION’S SECOND CONTINGENT TO UN MISSION IN SOUTH SUDAN WWW.MONTSAME.MN PUBLISHED:2025/09/11      7 THE MONGOLZ RANKINGS RISE TO SECOND WORLDWIDE WWW.MONTSAME.MN PUBLISHED:2025/09/10      8 CHABOT MOBILITY JOINS MONGOLIA VOYAGER PROJECT TO EXPORT K-MOBILITY INFRASTRUCTURE WWW.BIZ.CHOSUN.COM  PUBLISHED:2025/09/10      9 "OYUT" COPPER DEPOSIT WITH 1.1 MILLION TONS OF PURE COPPER DISCOVERED WWW.GOGO.MN PUBLISHED:2025/09/10      10 CHINA-RUSSIA-MONGOLIA BORDER DEFENSE COOPERATION 2025 JOINT EXERCISE KICKS OFF WWW.ENG.CHINAMIL.COM.CN  PUBLISHED:2025/09/10      ЗАСГИЙН ГАЗРЫН WWW.D-GOV.MN ЦАХИМ СИСТЕМ ӨНӨӨДРӨӨС АЖИЛЛАЖ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/11     ТӨМӨРТЭЙН ОВООНЫ ЦАЙРЫН ОРДЫН ТУСГАЙ ЗӨВШӨӨРЛИЙГ АЛБАН ТУШААЛТНУУД ХУВИЙН КОМПАНИДАА ШИЛЖҮҮЛЭН АВСАН ҮЙЛДЛИЙН УЛМААС ТӨРД УЧРУУЛСАН ХОХИРЛЫГ НЭХЭМЖЛЭХЭЭР БОЛОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/11     ТӨСВИЙН АЛДАГДАЛТАЙ АЛБАН ТУШААЛТНЫГ ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛД 2 ТЭРБУМААР ЗӨВЛӨХ ҮЙЛЧИЛГЭЭ АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ИПОТЕКИЙН БАНК БАЙГУУЛАГДАХААС ӨМНӨ САНХҮҮЖИЛТИЙГ ЗАСГИЙН ГАЗАР РУУ ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/10     Р.ЧИНГИСИЙГ ДОТООДЫН ЦЭРГИЙН ЕРӨНХИЙ КОМАНДЛАГЧААР ТОМИЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/10     БИРЖИЙН НҮҮРСНИЙ ЭКСПОРТ 739 МЯНГАН ТОНН БОЛЖ, ӨМНӨХ САРААС ХОЁР ДАХИН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10     “ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК НҮҮРС БАЯЖУУЛАХ ҮЙЛДВЭРЭЭС ГАРЧ БУЙ ХАЯГДАЛ НҮҮРСИЙГ ДАХИН БОЛОВСРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/10     ХАЛЗАН БҮРЭГТЭЙН ОРДЫН АСУУДЛААРХ СОНСГОЛД ХОВДООС 50 ХҮН ОРОЛЦУУЛАХ ХҮСЭЛТ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/10     “УЛААНБАДРАХ 300 МВТ ЦАХИЛГААН СТАНЦ” ТӨСЛИЙН ТЭЗҮ-ИЙГ МЭРГЭЖЛИЙН ЗӨВЛӨЛӨӨР ХЭЛЭЛЦҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10    

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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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Chinese Tesla competitor brushes aside rising Washington-Beijing tensions, files for US IPO www.rt.com

Xpeng Motors, a Chinese rival to Tesla, has filed to list its shares on the New York Stock Exchange (NYSE), becoming another Chinese electric vehicle (EV) startup seeking US listing despite deepening political and trade rows.
The Guangzhou-based EV maker, backed by Chinese heavyweights Alibaba and Xiaomi, officially announced its intention to enter the US stock market in a filing to US Securities and Exchange Commission on Friday. The possible IPO plans have been circulating in the media for weeks, with some saying that the company may opt for the US listing ahead of a domestic one, and that it could raise about $500 million.

The listing signals that Xpeng is following in the footsteps of its Chinese peer Li Auto, which started trading on the Nasdaq last month. The Beijing-based automaker raised $1.1 billion through the IPO. Since its Nasdaq debut, the company's stock has soared more than 50 percent, boosting its market cap to over $14 billion.

While investors' interest in electric car makers has certainly been rising, the Chinese companies' debuts on the American stock exchanges come at a time when relations between the two world's largest economies are at their lowest point in decades. Xpeng acknowledged the existing political risk in its filing, saying the US may eventually limit or restrict China-based companies from accessing US capital markets.

“If any such deliberations were to materialize, the resulting legislation may have a material and adverse impact on the stock performance of China-based issuers listed in the United States. It is unclear if this proposed legislation would be enacted,” the firm said, apparently referring to the bill that could disqualify many Chinese companies from listing shares on US bourses.

Six-year-old Xpeng is often referred to as a competitor for Tesla, though it currently falls behind the US carmaker in production capacity and volume of sales. The company launched its first model, the G3 compact SUV, in late 2018, and has recently presented its second model, the P7 sedan.

The two companies are currently in the middle of a legal battle. Last year, Tesla sued a former engineer who currently works for the Chinese rival, alleging that he stole trade secrets related to the Autopilot system and brought the information to his new employer.

The world's two largest economies have locked horns over multiple issues. In addition to the still-unfinished second part of the US-China trade deal, Washington has been pointing a finger at Beijing over the coronavirus pandemic and accusing it of spying. Those allegations led to the closure of the Chinese consulate in Houston, and Beijing's tit-for-tat response targeting a US facility in Chengdu.

At the same time, the US has been ramping up pressure on Chinese tech firms. Most recently, US President Donald Trump signed an executive order that would ban Americans from making transactions with TikTok's Chinese-owned parent company ByteDance, as well as with Chinese conglomerate Tencent, owner of the WeChat messenger app. The ban is set to come into force on September 20.

The Trump administration has justified the attack on TikTok by citing national security concerns – the same pretext it has used to take on a long list of Chinese firms, such as Huawei.

 
 
 
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Hyundai Motor shares rise as much as 10% on Ioniq EV plan www.reuters.com

SEOUL (Reuters) - Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025.
In an announcement earlier on Monday, Hyundai said the elevation of Ioniq from individual vehicle nameplate to a brand will support its goal of capturing 10% of global EV sales within five years.

Hyundai shares reached as much as to 162,000 won ($136.47) in a broader KOSPI market KS.11 that was up 0.4% at 0122 GMT.

Other auto shares also rose, with affiliate automaker Kia Motors Corp (000270.KS) up 5.6% and parts suppliers Hyundai Mobis Co Ltd (012330.KS) and Mando Corp (204320.KS) climbing as much as 7.4% and 5.3% respectively.

“With the launch of a new EV family brand, shares of Hyundai Motor are rallying today, reflecting investors’ hope that the auto industry will outperform compared to other industries,” said analyst Kwon Soon-woo at SK Securities.

Trevor Milton, chief executive of EV startup Nikola Corp NKLA.O, said he would like to cooperate with Hyundai in an interview with the Chosun Ilbo newspaper published on Sunday. He said he had twice made proposals to Hyundai that were rejected.

Hyundai Motor declined to comment when contacted by Reuters.

Hyundai Motor Group leader Euisun Chung last month said Hyundai Motor and Kia Motors aim to sell 1 million battery-driven electric vehicles in 2025, together targeting more than 10% of the global market share for such vehicles.

On Monday, Hyundai said that starting in early 2021, it would introduce three all-electric models under the Ioniq brand.

They include the Ioniq 5, a midsize crossover based on the 2019 Hyundai 45 concept; in 2022, the Ioniq 6 sedan, based on the Hyundai Prophecy concept unveiled earlier this year; and in early 2024, the Ioniq 7, a large crossover.

Reporting by Heekyong Yang and Joori Roh; Editing by Kim Coghill and Christopher Cushing

 
 
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Russia on track to become world’s top gold producer by 2029 – report www.mining.com

Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer by 2029, achieving average annual growth of 3.7% y-o-y between 2020 and 2029.

This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that in the short-to-medium term, strong domestic demand for gold will underpin increasing gold production in Russia.

Despite a 900-case coronavirus outbreak at Polyus Gold’s Olympiada mine in the Krasnoyarsk region of eastern Siberia – which is one of the largest operations on the planet producing 1389.2koz of gold in 2019 – most mines have remained virus-free and operational so far.

Thus, there is some limited downside risk to the current gold production forecast in 2020 but, at the same time, there are other forces playing in favour or Russia’s gold industry.

“Expanding US sanctions and tension between the two countries have incentivized the Russian central bank to increase its gold reserves,” the analysis reads. “Moreover, in early August, the Libya Stabilisation Act is expected to pass through the House of Foreign Affairs Committee, imposing additional sanctions on Russia for its alleged role in escalating the civil war in Libya. The act would allow the Trump administration to freeze funds in American banks, cutting off access to dollar-denominated assets and in turn maintaining elevated domestic demand for Russian gold.”

Palladium
When it comes to palladium, Fitch says that production in Russia is on track to expand in 2020 as the sector has not faced disruptions related to the covid-19 pandemic.

“In fact, Russian palladium producers will benefit from supply disruptions in external markets such as South Africa,” the report states. “Top producer Norilsk Nickel will continue to lead the market for autocatalysts, underpinned by smooth operational capacity and its position as a low-cost producer. On April 30, the company confirmed its production guidance will be maintained for the 2020 fiscal year, expecting to produce 2.65-2.78moz of palladium.”

According to Fitch, given that most palladium mines in South Africa continue to operate below capacity as lockdown restrictions are gradually lifted, production in the country is expected to contract by 8.7% this year, while Russian palladium production is expected to register a 2.5% growth.

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Trump WeChat ban 'an unwelcome signal' for Chinese community www.bbc.com

For the global Chinese community, WeChat is more than a chat app: it is often the primary means of staying in touch with friends and family back home.

So the decision last week by US President Donald Trump to order American firms to stop doing business with WeChat has sent shockwaves rippling out.

"WeChat has become the 'it' tool for Chinese-speaking people, no matter where you are around the world," one Shanghai resident told the BBC.

The billion-user app is primarily a social networking platform but can be used for a host of daily activities like shopping, gaming and even dating.

But WeChat has a less innocent side. It is seen a key instrument of China's internal surveillance apparatus.

In an executive order, President Trump labelled WeChat a threat to US national security and accused it of gathering "vast swaths" of user data, threatening Americans' personal and proprietary information.

WeChat's owner, TenCent, has been ordered to sell the app by mid-September or face a ban on US operations.

The move to block WeChat, a prominent example of China's tech innovation, is seen by many Chinese as an attack on their culture, its people and state. In response to President Trump, China's foreign ministry has accused America of using national security as a cover to exert hegemony.

The Chinese diaspora in the US has been shocked by the move, and many people are worried - not just about keeping in touch with loved ones, but what this means for China-US relations.

'An unwelcome signal'
Jennie, 21, is a student at the University of California, and learned about the order while browsing WeChat.

"At first I didn't believe that it is true," she told the BBC. "Then I just felt very angry."

Jennie spends around four hours a day on WeChat, using it to contact people in the US and China. It is also a vital source of information and she spends a lot of time reading articles published on the public accounts of Chinese media, content creators and businesses.

Is the US about to split the internet?
On the anniversary day of Tiananmen Massacre, Jennie made a one-sentence post of commemoration. It was quickly removed, and her entire public account vanished.

She told the BBC she is "very worried" that WeChat will share her information with the Chinese government, but strongly opposes America blocking the app.

"It'd be similar to what China does - to censor," said Jennie.

Shan used to publish on her own public account, until it was censored by WeChat two years ago.

She believes that there should be alternative to manage threats posed by WeChat, other than banning it altogether.

"I wanted to study in the US because of its openness, but this move has burst my bubble."

"I used to think America is culturally inclusive," says Miley Song, a Chinese immigrant in California. Washington's move sends "an unwelcome signal" to Chinese immigrants in the country, she believes.

The 30-year-old stay-at-home mum often uses the app to connect with her parents in China, who were in a panic after hearing about Mr Trump's executive order.

But Ms Song says she is cautiously optimistic. "The ban seems very vague, I think it may be difficult to ban WeChat entirely," she says, "We'll wait and see."

While not particularly worried about the ban, she is concerned about it means for her future in the America.

In the midst of a pandemic, and with presidential elections on the way, Ms Song thinks the Trump administration is trying to divert attention away from rising death tolls and falling polling numbers.

"Otherwise, why has Trump focused on cracking down Chinese apps now?"

'It's fully embedded into people's lives'
There is also concern among those who have returned to China after living and studying in America.

Rachel spent 10 years in the US, many of them as a student in the capital, Washington, DC.

Now home in Shanghai, WeChat has become "fully embedded into people's daily lives," she told the BBC.

"If you live in China, you cannot go anywhere without two major apps: one is WeChat, the other is AliPay," said Rachel. "If you want to buy a bottle of milk, you open you WeChat Pay or AliPay to scan the QR code and pay, and most stores don't accept cash."

WeChat is also being used as a tracking tool to help the government with containing the spread of coronavirus.

While President Trump's order will have little impact on her daily activities in China, Rachel said it may become harder to connect with people in the US. As a result, she said some are exploring alternatives like communication app Line, or VPNs - virtual private networks which mask your computers location.

It's sad that it's going down this way," said Rachel. "I see both sides, there is always good and bad in both societies, and I want to be neutral but it's harder and harder to become neutral."

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Mongolia reports 3 more COVID-19 recoveries, no new cases www.xinhuanet.com

Mongolia has reported three more COVID-19 recoveries, bringing the total recoveries to 263, the country's National Center for Communicable Diseases (NCCD) said Sunday.

Meanwhile, the Asian country conducted 592 tests for COVID-19 in the last 24 hours, which showed negative results, with the national caseload standing at 293, marking the seventh consecutive day without new cases, the NCCD said in a statement.

All the confirmed cases were imported, and there have been no loc

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Foreign trade turnover decreased by 16.7 percent www.montsame.mn

Ulaanbaatar /MONTSAME/ As of the first seven months of this year, total foreign trade turnover reached USD 6.7 billion, showing a decrease of USD 1.4 billion or 16.7 percent drop compared to the same period of last year. Export exceeded import by USD 846.6 million and foreign trade balance has shown positive result, the Customs General Administration reported.

Goods and raw materials worth USD 3.8 billion have been exported in the first seven month, which is a decreased performance by 17.1 percent compared to the same period of the previous year.

Exports of mineral products made up of 65.1 percent of the total export, exports of pearl, precious and semi-precious stones, precious metal and jewelry 28.5 percent, exports of raw and processed hides, skins, fur and articles 0.2 percent and exports of textiles and textile articles 3.8 percent, respectively.

Crude oil, iron ore, copper concentrate and zinc concentrate accounted for 100 percent and stone coal accounted for 96.3 percent of total export to China, flour spar accounted for 75.5 percent of export to China, 24.1 percent of export to Russia, combed wool accounted for 81.5 percent of total export to Italy, washed goat cashmere accounted for 100 percent of total export to China, semi-processed gold accounted for 4.9 percent of total export to Great Britain, 5.8 percent of export to Singapore and 89.3 percent of export to Switzerland separately. The aforementioned export goods made up of 92.8 percent of the total exports.

Mongolia has exported its goods to 60 countries and China has taken up 68 percent of it, Switzerland 25 percent, Great Britain 2 percent and Singapore 2 percent respectively.

 
 
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Officials acquainted with preparations for new international airport www.montsame.mn

Ulaanbaatar /MONTSAME/. The 25th joint meeting between the Civil Aviation Authority of Mongolia (MCAA) and ‘New Ulaanbaatar International Airport’ LLC took place at the Chinggis Khaan International Airport in Khushigt Valley on August 6.

A resolution on measures to be taken to launch the operations of the new international airport of Ulaanbaatar city before October 1, 2020 was approved by the Government in June. To ensure preparations in correspondence with the resolution, the aforementioned meeting was held with officials led by Deputy Director of MCAA B.Altantsom in attendance.

At the meeting, the MCAA Deputy Director highlighted the importance of all staff members to use face masks, regularly disinfect spaces, and follow health regulations in aims of protecting them from infection during the time of the pandemic. He then reminded the officials to involve corresponding representatives of MCAA for the Operational Readiness and Airport Transfer test in the framework of the preparation work.

Following the meeting, they became acquainted with the progress of the preparation measures being implemented by ‘New Ulaanbaatar International Airport’ LLC.

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Moody’s reviews ratings of Mongolian Mortgage Corporation www.news.mn

Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of the Mongolian Mortgage Corporation HFC LLC and other ratings that are associated with the same analytical unit. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.

Key rating considerations are summarised below:

The Mongolian Mortgage Corporation’s B3 Corporate Family Rating reflects its strong asset quality, moderate capitalisation and stable profitability as the sole mortgage servicer for the government’s affordable housing finance program. The company’s key credit weaknesses are its elevated counterparty risks due to its exposure to commercial banks in Mongolia and the Bank of Mongolia, its credit concentration to the Mongolian residential property sector and its weak liquidity.

Mongolian Mortgage Corporation’s B3 rating does not incorporate any uplift for government support because the company’s standalone assessment of b3 is at the same level as the Mongolian government’s B3 issuer rating. Nevertheless, Moody’s expects a high level of support from the government of Mongolia in times of stress. Moody’s assumption of support is based on Mongolian Mortgage Corporation’s close linkages with the central bank and the government, direct and indirect government ownership; and high systemic importance to Mongolia’s financial sector.

This document summarises Moody’s view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.

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Currency swap agreement extended for three years www.montsame.mn

Ulaanbaatar /MONTSAME/. The bilateral currency swap agreement between the Bank of Mongolia and the People's Bank of China has been successfully renewed on July 31 for another 3 years until 2023.

Until its recent renewal, the agreement was established between the banks with the currency swap amount of CNY 15 billion or MNT 6 trillion to support trade and economic cooperation between the two countries.

It was first signed between the banks in 2011 for CNY 10 billion. Then, in 2014, the amount was increased by CNY 5 billion and the term was extended for 3 years. In 2017, only the term of the agreement was extended by 3 years.

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Mongolia's coal export drops nearly 50 pct amid COVID-19 pandemic www.xinhuanet.com

Mongolia exported a total of 11.2 million tons of coal in the first seven months of this year, a decrease of 46.4 percent compared to the same period last year, according to official data on Tuesday.

The sharp decline, said the Mongolian Customs General Administration, is largely due to the COVID-19 pandemic.

In a bid to boost cooperation with China amid the pandemic, Mongolia has introduced a temporary regulation called Green Gateway, which came into effect on Saturday, according to the Mongolian Ministry of Mining and Heavy Industry.

Minister Gelen Yondon said he hopes the regulation will help Mongolia increase its export of mining products, such as coal and copper concentrates, to China. Enditem

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