1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

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

NEWS

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Xi: Boost ties with Mongolia www,chinadaily.com.cn

China and Mongolia should enhance strategic communication and respect each other's core interests and major concerns, President Xi Jinping said on Thursday.

Xi made the remark while meeting with Mongolian President Khaltmaa Battulga at the Great Hall of the People in Beijing. Battulga is on a five-day visit to China that started on Wednesday. He also is attending the Second Belt and Road Forum for International Cooperation.

With the two presidents as witnesses, China and Mongolia signed cooperation documents to connect the Belt and Road Initiative with the Mongolia-proposed Path of Development Initiative. Xi hosted a ceremony to welcome Battulga before their talks.

Hailing Mongolia as a good neighbor, friend and partner of China, Xi said that the bilateral relationship has entered a fast track.

China will continue to support Mongolia's efforts to promote economic development and improve the people's livelihood, Xi said.

The two countries should uphold the right political direction, push forward cooperation in all areas and become each other's strategic partner with mutual respect and trust, he said.

Xi said the two countries should maintain high-level exchanges and respect each other's core interests and major concerns.

He also called for greater effort to advance practical cooperation in jointly building the China-Mongolia-Russia economic corridor.

China and Mongolia should streamline their trading structure and explore their cooperation potential, Xi said, adding that the two countries should enhance border exchanges and jointly build a prosperous border to facilitate trade and people-to-people exchanges.

The two countries should enhance communication and coordination in global and regional affairs and jointly safeguard regional peace and stability, Xi said.

Battulga reaffirmed Mongolia's commitment to the one-China policy, saying that Taiwan and Tibet are China's territory and matters related to Taiwan and Tibet are China's domestic affairs.

It's a priority of Mongolia's diplomacy to develop a long-term friendly neighborhood and enhance cooperation with China, he said.

Mongolia would like to work with China to draw a blueprint for bilateral relations and connect the Path of Development Initiative with the Belt and Road Initiative, he said.

The two countries should enhance cooperation in such areas as trade, electricity, agriculture and animal husbandry, infrastructure construction and airlines, he said.

Mongolia appreciates China's role in maintaining the peace and stability of the Korean Peninsula, Battulga said, adding that Mongolia would like to enhance coordination with China on regional affairs.

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Russia, Mongolia should realize full potential for military-technical cooperation - Shoigu www.interfax.com

MOSCOW. April 24 (Interfax) - Moscow is ready to deepen military-technical cooperation with Ulaanbaatar, Russian Defense Minister Sergei Shoigu said.

"We confirm our aspiration to make utmost use of the existing potential for deeper military and military-technical cooperation," Shoigu said at talks with Mongolian counterpart Nyamaagiin Enkhbold on Wednesday.

"We hope that Mongolia will be broadly represented at events organized by the Russian Defense Ministry in 2019," he said.

Mongolia is grateful to Russia for its military-technical assistance and hopes for more positive boost to further cooperation with Moscow, Enkhbold said for his part.

"Our country attaches particular importance with relations with Russia. The Mongolian prime minister is expected to pay a visit to Russia this year. I am sure it will lend new impetus to the development of bilateral relations. I am especially hopeful that the visit will be of significant importance for our military and military-technical cooperation," Enkhbold said.

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Sirens blare in major training on disaster response in Mongolia's capital www.xinhuanet.com

ULAN BATOR, April 25 (Xinhua) -- Emergency sirens blared across Mongolia's capital on Thursday morning and thousands of people gathered at over 100 temporary gathering sites to join a major training on disaster preparedness and response based on a scenario in which a powerful earthquake strikes.

"The training on disaster preparedness is the biggest such exercise in the Mongolian capital Ulan Bator in 29 years," Enkhbat Enerelbuyan, foreign affairs officer of the country's National Emergency Management Agency (NEMA), told Xinhua.

"This training is being organized to improve the preparedness of all public and private entities in Ulan Bator in order to mitigate damages from possible natural disasters and to improve public awareness of disaster preparedness and response," she said.

"Around half a million people across Mongolia's capital gathered Thursday at a total of 111 temporary gathering sites and received information how to protect themselves and their family members and how to give first aid care during an earthquake," she noted.

In addition, more than 3,000 residents of the city took part in an earthquake evacuation drill, she added.

All households in the city have been provided with emergency preparedness handouts, the NEMA said in a statement.

The three-day preparedness training starting Wednesday includes emergency evacuation drills, workshops on how to protect oneself and one's family and how to send accurate information to the public during a destructive earthquake.

Mongolia has seen a significant increase in earthquakes in recent years, according to the country's government press office.

A total of 261 earthquakes were recorded across the country in the first quarter of 2019, an increase of 70 from the same period last year. Enditem

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Joint Statement of the United States-Mongolia Trade and Investment Council www.ustr.gov

Washington, D.C. – Today, the United States-Mongolia Trade and Investment Council, established pursuant to the 2004 United States-Mongolia Trade and Investment Framework Agreement (TIFA), convened in Washington, D.C., to discuss opportunities for promoting and expanding bilateral trade and investment. The meeting was co-chaired by Terrence J. McCartin, Acting Assistant U.S. Trade Representative, and Damdinsuren Davaasuren, State Secretary of the Ministry of Foreign Affairs.

During the meeting, the United States and Mongolia welcomed the 31st anniversary of diplomatic relations between the United States and Mongolia and took note of the Roadmap for Expanded Economic Partnership, which they endorsed in September 2018. They also highlighted the positive role that TIFA discussions can play in supporting Mongolia’s efforts to develop a prosperous market-based economy.

The United States and Mongolia also discussed a range of bilateral trade and investment issues. Key issues included transparency, the investment climate, intellectual property rights protection and enforcement, trade in cashmere, the U.S. Generalized System of Preferences (GSP), trade facilitation, and trade promotion.

Mongolia will host the next meeting of the TIFA Council in Ulaanbaatar, Mongolia.

Background

Total bilateral trade in goods was $131 million in 2018. U.S. goods exports to Mongolia in 2018 were $121 million, up 47.1% ($39 million) from 2017 and up 111.2% from 2008. Imports of goods from Mongolia were $10 million in 2018. U. S. foreign direct investment (FDI) in Mongolia was $147 million in 2017, a 63.3% increase from 2016.

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Emiratis exempt from pre-entry visas to Mongolia www.gulfnews.com

Abu Dhabi: The Ministry of Foreign Affairs and International Cooperation announced that the Mongolian government has exempted UAE citizens from requiring pre-entry visas, as of May 15.

The decision will cover Emirati citizens carrying all types of passports who are travelling to Mongolia, and grant them a maximum stay of 30 days upon their entry.

Ahmad Sari Al Mazroui, Undersecretary for Consular Affairs at the ministry, said that the decision reflects the strong relations between the two countries, and will promote tourism and create new business, trade and investment opportunities.

He added that the UAE’s citizens are prioritised by the country’s leadership, which is working to achieve their happiness, while noting that Mongolia’s decision reflects the UAE’s international stature, as well as the keenness of the Mongolian government to consolidate its overall relations with the UAE government.

Mongolia’s decision is the result of the ministry’s consular efforts to strengthen the UAE’s international stature and offer the best services to Emirati citizens during their travels, as well as to promote cooperation in the areas of tourism, business and investment with friendly countries, noted Al Mazroui.

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World Bank forecasts Mongolia's economy to grow by 7.2 pct in 2019 www.xinhuanet.com

ULAN BATOR, April 24 (Xinhua) -- The World Bank has projected Mongolia's economy to grow by 7.2 percent in 2019, up 0.6 percentage point from its previous estimation in October, according to a document released on Wednesday.

"Mongolia's economic outlook remains favorable. The country's economic growth is expected to strengthen to 7.2 percent in 2019," Jean-Pascal N. Nganou, World Bank senior economist for Mongolia, told a press conference here on release of the April 2019 edition of the World Bank East Asia and Pacific Economic Update.

He noted that implementation of large infrastructure projects, stabilization of foreign direct investment flows, and exports growth will be key drivers for the resource-rich country's economic growth this year.

Mongolia's economic growth is projected to soften to 6.9 percent in 2020 and 6.5 percent in 2021 due to some domestic risks, according to the World Bank.

The Asian country's economy is heavily dependent on the mining industry, which contributes to about a quarter of the country's GDP and around 90 percent of its exports.

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Meeting with Li Keqiang, Premier of the State Council of China www.president.mn

President of Mongolia Khaltmaagiin Battulga arrived at the Beijing Capital International Airport to pay a state visit to the People’s Republic of China. The head of state of Mongolia was welcomed by D.Gankhuyag, Ambassador Extraordinary and Plenipotentiary of Mongolia to China, Kong Xuanyou, Deputy Minister of Foreign Affairs of China, and Xing Haiming, Ambassador Extraordinary and Plenipotentiary of China to Mongolia.

In this regard, Premier of the State Council of China Li Keqiang paid a courtesy call on President Battulga today in the Diaoyutai State Guesthouse.

At the beginning of the meeting, Premier Li Keqiang underlined how China has attached great importance to the development of friendly relations with Mongolia and said, “This year marks the 70th anniversary of diplomatic relations between China and Mongolia and the 25th anniversary of the renewal of the Treaty on Friendly Relations and Cooperation, and it is a new opportunity for us to advance bilateral cooperation.”

For his part, President Battulga said, “My state visit to China at the invitation of President Xi Jinping holds special significance as this year marks the 70th anniversary of diplomatic relations between Mongolia and China and the 25th anniversary of the renewal of the Treaty on Friendly Relations and Cooperation. I am pleased to attend the Second Belt and Road Forum for International Cooperation. I express my gratitude towards the warm welcome.”

President Battulga will hold official talks with President Xi Jinping tomorrow.

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Former Spymaster detained www.news.mn

B.Khurts, former director of Mongolian’s General Intelligence Agency has been detained by the Criminal Police Department over the ‘torture to confess’ case. He was taken to the 461st Detention Centre last night, where he remains in custody.

On 18 April, the Criminal Police Department questioned Justice Minister Ts.Nyamdorj over his statement regarding the much-publicised murder case of the politician S.Zorig, who one of the heroes of Mongolia’s peaceful transition to democracy and a likely future prime-minister. In his statement in March, which shook the nation, the Justice Minister publically apologised on behalf of the Mongolian government that torture had been used to extract a confession. Ts.Nyamdorj said that two officers from the General Intelligence Agency (GIA) were under investigation for having used torture to obtain a confession.

The murder of S.Zorig case was transferred to the Criminal Police Department from Independent Authority of Anti-Corruption due to the lack of human resources on 19 March. The lack of human resources has been cited as a region.

Following an investigation lasting two decades – in which there have been accusations of cover-ups and during which numerous people, including the victim’s wife, have been detained – Ts.Amgalanbaatar and two others were sentenced to 24-25 years in prison for the murder of S.Zorig.

B.Khurts, is a highly controversial figure. For many years he ran the GIA, which has been criticized for not releasing files related to the case. In September he flew to London to attend a conference, but was arrested upon arrival under a European Arrest Warrant and held in Wandsworth Prison. The intelligence chief’s arrest was a low point in UK-Mongolian relations and sparked demonstrations in Ulaanbaatar; London was accursed of ‘luring’ B.Khurts to the UK in order to have him arrested. Previously, B.Khurts had led an operation to ‘return’ Enkhbat Damiran to Mongolia. A covert operation was mounted and E.Damiran was seized in a restaurant in La Havre, and taken to the Mongolian Embassy in Germany where he was drugged and put on a direct flight to Ulaanbaatar. Upon arrival, the dissident was, allegedly, tortured to confess the murder of S.Zorig, but died in custody. After being held in the UK, B.Khurts was extradited to Germany where the ‘abduction’ case was studied, however, in September 2011, prior to a visit to Mongolia by Angela Merkel, he was released.

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Mongolia to spend 1 pct of annual state budget on disaster preparedness www.xinhuanet.com

ULAN BATOR, April 24 (Xinhua) -- Mongolian Prime Minister Ukhnaa Khurelsukh said on Wednesday that his country will spend at least 1 percent of its annual state budget on strengthening disaster preparedness.

Khurelsukh made the remarks at the opening ceremony of a comprehensive training on disaster preparedness and response in its capital city Ulan Bator.

"Mongolia is organizing the largest training of its kind in Ulan Bator for the first time in almost 30 years. A disaster is a calamitous event that occurs over a relatively short time and seriously disrupts the functioning of a community or society and causes human, material, and economic or environmental losses," said Khurelsukh.

Therefore, Mongolia will spend a minimum of 1 percent of its state budget on disaster preparedness every year, he said.

This training aims to improve the preparedness of all public and private entities in Ulan Bator in order to mitigate damages from future disasters and to improve public awareness of disaster preparedness and response, the prime minister said.

Mongolia has seen a significant increase in earthquakes in recent years, according to the country's government press office. The Asian country has experienced around 260,000 earthquakes over the past 10 years, the office said in a statement.

A total of 261 earthquakes were recorded across the country in the first quarter of 2019, which is an increase of 70 from the same period last year.

The three-day training includes emergency evacuation drills, workshops on how to protect oneself and one's family and how to send accurate information to the public during a destructive earthquake, the country's National Emergency Management Agency said.

All residents and organizations of Ulan Bator must participate in the training, said the agency. Enditem

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Oyu Tolgoi crosses US$9 billion in-country spend www.ot.mn

Ulaanbaatar, Mongolia - Oyu Tolgoi released the latest edition of its scorecard on April 23rd, providing its performance for Q1’2019.

We wanted to highlight our expanding cooperation with – and commitment to – our community with development of local infrastructure. Khanbogd-Oyu Tolgoi 35.1km paved road was commissioned and launched in February this year. Oyu Tolgoi LLC fully funded the MNT46 billion project. Prior to disturbing the land for construction, 10 thousand rare plants were relocated to Oyu Tolgoi’s tree nursery in Khanbogd to protect environmental features of the affected area.

In March, as a best industry practice not only in the country but also internationally, Office of the Compliance Advisor Ombudsman (CAO) of the World Bank Group formally closed its dispute resolution process related to the complaints by the herders residing and raising livestock near the Oyu Tolgoi mine site. Parties successfully reached agreement, news celebrated and shared across local and mining community. Experience of the process was shared with Khanbogd soum Tripartite Council and CAO on March 25th.

Safety, Environment, training and human resources

Oyu Tolgoi workforce has demonstrated a strong safety performance and Oyu Tolgoi is continuing to be one of the leading safety performers across Rio Tinto as a result. The company has achieved an All Injury Frequency Rate (AIFR) of 0.09 per 200,000 hours worked.
Oyu Tolgoi also maintained its world-class environmental performance, with only 0.46 cubic metres of water per tonne of ore processed – three times less than similar operations worldwide - and achieving an average water recycling rate of 86 per cent over the period.
As of the first quarter of 2019, 93 per cent of Oyu Tolgoi workforce were Mongolian, 20.8 per cent of which were from the Umnugovi province. 57.3 per cent of the total workforce were underground workforce.
Oyu Tolgoi provided 171,192 people hours of training to nearly 8,915 of its employees and contractors in the Q1’19.
Tax, procurement and local partnership

Oyu Tolgoi paid US$2.4 billion in taxes, fees and other payments to the Government of Mongolia between 2010 and 2019, including, US$57.7 million in taxes and US$28 million in VAT* in the first quarter of 2019.
Celebrating our collaboration with local community, OT organised an Open Day event in Dalanzadgad along with Umnugobi Governor’s Office and Labour and Social Welfare Services Department and “Career Exposure Day” in Dalanzadgad. Moreover, OT continued to invest in sustainable and long term projects issuing US$5 million to support local development.
Oyu Tolgoi collaborated with 531 suppliers in Q1’19, 372 of which are national businesses that account for 78 per cent of total operations procurement spent. Between 2010 and 2019, Oyu Tolgoi spent US$2.8 billion on national procurement, US$443 million of which was spent on procurement from Umnugobi suppliers.

The Oyu Tolgoi Performance Scorecard for Q1’2019 is available here.

Q1’19 Production

As expected, mill throughput in Q1’19 decreased 3.2 per cent over Q1’18 due to the concentrator processing harder Phase 4 ore and planned plant maintenance. This was offset by higher copper and gold mill head grades as mining advanced into the high-grade zone of Phase 4A, compared to Q1’18 when lower grade Phase 6 was processed. Recovery rates also benefited from the processing of higher-grade ore, with copper and gold recovery rates up 5.4 per cent and 27.4 per cent on Q1’18 respectively. Copper production increased 18.2 per cent over Q1’18 due to increased head grade and recovery rate. Gold production increased 187.6 per cent over Q1’18 primarily due to a 135.2 per cent increase in head grade resulting from the increased contribution of Phase 4A. Average gold mill head grades are expected to decline significantly over the remainder of 2019, particularly in the second half as softer, lower grade Phase 6 ore, and some material from mine stockpiles are processed. Average copper mill head grades are also expected to be lower over the remainder of the year.

Turquoise Hill expects Oyu Tolgoi to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates for 2019.

Underground development progress

Work continues on critical Shaft 2 equipping activities, central heating plant, mine infrastructure, underground materials handling systems and on priority underground development. Pre-sinking works for Shaft 3 and Shaft 4 have also commenced.

Rio Tinto, as project manager, has advised that the fit-out and commissioning work on Shaft 2 (the main production and services shaft) is now expected to be completed by the end of October 2019. As previously announced, more detailed geotechnical information and different ground conditions have required a review of the mine design and the development schedule. The impact of these changes, including the further delay to Shaft 2, will be included in the definitive estimate review, which is expected to be completed towards the end of the year.

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