The factory established with MNT 60 million under the Erdenet Science and Technology Park (STP), will have five workers and produce 12 types of paints in over 30 colors. The STP has conducted research for the plant over the last two years and had the laboratory testing carried out in Finland.

The Euro-standard, water-based, odorless eco-paints produced with Mongolian technology are quick drying and does not require multiple coats. Its main ingredient is chalk.

Established in 2017, Erdenet STP has built four factories and currently administers around 10 companies.

The factory’s products will be used for development in Orkhon aimag, said D.Batlut, Governor of the aimag, at the opening ceremony.

The factory is expected to substitute paint imports from Russia and China.

Assessment of the underground mine in the Asgat was conducted in July 2019 and emergency officers have already managed to open one shaft of the mine after working at the deposit for two months and started the renovation of its excavation braces. At the deposit, technological sampling is being collected by technical employees of Asgatkent LLC with the help from the mining rescue operation unit of Bayan-Ulgii aimag.

The agreement was signed by Minister of Finance Ch.Khurelbaatar and Ambassador of Mongolia to France Philippe Merlin on October 16, 2019. When the draft law goes through the Parliament, a project will kick off to establish an air-rescue unit at the emergency authority and equip it with a French soft loan of EUR 57.9 million. Specifically, three Airbus EC145 helicopters and one training helicopter will be provided and a hangar will be established with a fuel station and cold resistant fuel tank.

Moreover, 42 special purpose vehicles for structure fires will be provided and training courses will be held for pilots, mechanics, aeronautical engineers, and emergency health care providers.

The 30-year loan with a moratorium period of 10 years has an interest rate of 0.08 percent.

The cabinet made the decision on the rescue unit’s establishment at its meeting on August 21.

According to the statistics of Mongolian General Customs Administration, Mongolia has exported 34.8 million tons of coal and the profit reached USD 2.9 billion in the first eleven months of 2019. The coal export increased by 1.4 million tons and profit increased by USD 326.8 million compared with the same period of last year.

Mongolia planned to export 42.0 million tons of coal in 2019 as in the state budget approved by the Parliament.

This time last year, there were 66.5 million animals, representing an increase of 241.2 thousand heads compared to 2017.

In 1970s, there were around 13.3 million sheep and 4.2 million goats. The number of goats in Mongolia has shot up grew from 19.8 percent of total livestock in 1990 to 40.8 percent today – this is due to growing global cashmere demands.