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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Swimmer B.Elberelt wins gold at Special Olympics www.montsame.mn

Ulaanbaatar /MONTSAME/ National swimmer B.Elberelt grabbed gold at the Special Olympics World Games being held in Abu Dhabi, United Arab Emirates, becoming the first Mongolian athlete to win gold at the Special Olympics.

Elberelt is competing in the men’s 25, 50 and 100 m individual events. He claimed gold in 25m breaststroke.

He will compete in men’s 200m freestyle tomorrow on March 19. Mongolian team has claimed eight medals at the Special Olympics.

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Western sanctions v Eastern promises: Russia's Crimea could become part of China’s new Silk Road www.rt.com

Private businesses in China are interested in involving Russia’s Crimea in the implementation of projects under the Belt and Road Initiative (BRI), Beijing’s development & investment project in 152 countries on five continents.
That’s according to the head of the association of Chinese compatriots on the peninsula, Ge Zhili. “Our organization is bolstering cooperation ties, exchanges and friendly contacts with the Crimean society,” he said at an event dedicated to the fifth anniversary of Crimea’s reunification with Russia, which was held in the Russian Embassy in Beijing on Monday.

The official explained that the association he leads wants “to help people understand what Crimea is, establish reliable relations with the peninsula, and implement joint private projects under the Belt and Road Initiative.”

It is also ready to contribute to the establishment of “reliable partner ties” and the explanation of legal details of business cooperation with Crimea, Ge Zhili said. “The Chinese society hopes for the development of friendly cooperation with Crimea; we are ready to overcome difficulties for fruitful results.”

There are also plans to renew cooperation between Crimea and southern China’s Hainan province, as well as between such cities as Yalta and Sanya, Sevastopol and Dalian, Sudak and Heihe.

Crimea has been under US and European sanctions after the region seceded from Ukraine and rejoined Russia following a referendum in 2014.

The ambitious development and investment megaproject BRI was proposed by Chinese President Xi Jinping in 2013. It aims to involve 152 countries in Europe, Asia, the Middle East, Latin America, and Africa.

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Mongolia records growth in drug-linked crimes www.menafn.com

The country's National Police Agency (NPA) declared that the Mongolian police have detained 88 people connected to 29 drug-linked crimes in the first two months of this year.

Munkhtur Munkhshur, spokesperson of the NPA confirmed: "Since 2015, Mongolia has become one of the user countries of drugs. The number of drug-related crimes has continued to increase."

Munkhshur added: "A total of 29 drug-related crimes have been registered in Mongolia in the first two months of 2019," as the data is similar to the score of this kind of offences recorded in the first half of 2018.

The key motives behind the raising cases of drug-linked were the ignorance regarding drug dealing, curiosity, trying to earn easy money and loose laws.

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D.Sumiyabazar: licenses of Eco Altan Zaamar will be cancelled www.montsame.mn

Ulaanbaatar/MONTSAME/ In connection with the accident happened in late February at the open-pit gold mine of Eco Altan Zaamar Company in Tuv aimag which took lives of four miners, Mining and Heavy Industry Minister D.Sumiyabazar expressed his deep condolences during a monthly conference ‘Transparent and accountable mining’ held on 15 March.

“This is a consequence of unaccountable mining activity being done by unprofessionals and those who do not follow instructions of professionals and engineers, but seek profits only.”

He informed the ministry’s decision to cancel all of four mining licenses of Eco Altan Zaamar Company, adding that the Ministry is waiting for a conclusion to be issued by the State Professional Inspection Agency.

“The incident is an example of dispersed responsibilities and duties of the mining-related higher and lower level government organizations and local organizations. It needs a legal change. For instance, the Ministry is authorized to issue a license, but does not have the right to cancel it. Instead, the State Professional Inspection Agency is authorized to cancel licenses,” stressed the Minister.

So far, there are 3022 licenses: 1342 exploration and 1680 mining licenses, registered at the Cadastre Registration System. The total licensed area makes up 5.4 percent of the country’s territory.

M.Unurzul

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Russian teachers began to go to work in Mongolia www.latinscripts.com

Teachers of Buryatia began to leave EN masse to work in neighboring Mongolia, where teachers are valued and paid them three or four times more, the newspaper "Number one".

The publication notes that the interest of the Mongols in the Russian language existed during the Soviet era and revived in the 2000-ies, when came to power, President Nambar Enkhbayar, who studied in the Literary Institute named after Gorky. With its filing in the country there were private kindergartens and schools with teachers, and teachers — native speakers of the Russian language, has increased the demand for Russian-speaking Tutors.

Popular teachers with good pronunciation and correct speech. The most popular specialty — the teacher of initial classes, mathematics, Russian language and literature. Knowledge of Mongolian is not necessary because lessons are conducted exclusively in Russian. Teaching language is sometimes begins with three years.

Average salary of a teacher in Ulan-Ude — 15-25 thousand rubles. In the Mongolian kindergarten Russians earn two thousand mnt per month (about 70 thousand rubles), in schools — about four thousand mnt (140 thousand). Some employers provide dormitories and visa support. An added bonus is the respect of the Mongolian parents and children to teachers. The newspaper points out that the country has "a huge cult teacher," this profession is considered very prestigious. Among the disadvantages of working in Mongolia is not good ecology, traffic jams and language barrier.

According to the publication, on returning home, teachers often do not want to return to the Russian education system, become demanding employers reject bureaucratic principles. Those who fail to adapt to Russian realities, leaving again to another country to work.

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Russia & China sign agreement on construction of 2 power units at Tianwan nuclear power plant www.rt.com

Russian and Chinese state nuclear corporations have signed a general contract on construction of the seventh and eighth power units at the Tianwan Nuclear Power Plant (NPP), the biggest joint NPP project between the two countries.
The document was signed by the China National Nuclear Corporation (CNNC) and Russian Rosatom’s engineering division in Beijing earlier this month. Apart from the construction of two power units at the nuclear plant in China’s Jiangsu province, the parties also agreed on the basic design of the third and fourth units of Xudabao NPP in Liaoning province, the Russian state-run corporation announced in a statement on March 11.

“This package defines the major lines to develop cooperation between Russia and China in the nuclear industry for the next decades,” Rosatom said.

The initial agreements for the construction of the two units for the Tianwan nuclear site were inked in June 2018, when Russian President Vladimir Putin met his Chinese counterpart, Xi Jinping. It was earlier reported that works on the seventh 1,200-megawatt units are scheduled to start in 2021 and the launch was expected in 2026-2027.

Built in 2006 on the coast of the Yellow Sea, the Tianwan plant is one of the biggest joint projects of Russian-Chinese economic cooperation. The First two of its units, with a capacity of 1,000 MW each, were launched in 2007. Unit 3 began operations in 2017, and the reactor at the latest, fourth unit was launched at minimum capacity in September last year after the fuel loading had been finished ahead of schedule.

Moscow and Beijing have been broadening bilateral cooperation, including strengthening ties in the nuclear energy sector. In June, Russian and Chinese nuclear executives signed “the biggest package of contracts in the history of the two countries’ nuclear partnership,” according to Rosatom.

Apart from supplies of the power units, the package covered cooperation on a fast-neutron nuclear reactor currently under construction in China (also known as the CFR-600 fast reactor pilot project) and supply of the Radioisotope Thermoelectric Generator parts for China’s lunar exploration program.

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Mongolian Mortgage Corporation HFC’s $250 Million Bond Offering www.news.mn

Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.

The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.

Mayer Brown has advised on a number of transactions for Mongolian issuers and the Mongolian government, and has won a number of awards in connection with those deals.

The Mayer Brown team was led by Corporate & Securities partner Jason T. Elder (Picture) and included: Corporate & Securities – partner Thomas Kollar, counsel Leslie Cruz (Washington), foreign registered lawyers Karen Chong and Joo Park (both Hong Kong), associate Thomas De Gregoris (Chicago), corporate finance officer Sean Su (Hong Kong), and Tax Transaction & Consulting – partners Jason Bazar and Jared Goldberger, and associate Brennan Young (all New York).

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No more ‘ghost voting’ for Mongolian MP’s www.news.mn

The Mongolian State Great Khural (parliament) is to use a fingerprint voting system starting from the upcoming regular spring session to make lawmakers more accountable, local media reported on Thursday, citing the secretariat of the country’s unicameral parliament.

The move aims to end “ghost voting” and increase lawmakers’ turnout for parliamentary sessions, said the secretariat.

Ghost voting is an illegal practice when some lawmakers cast electronic machine ballots for their absent fellow members. It is widespread in the 76-seat parliament of Mongolia. This has raided public criticism.

The regular spring session of the Mongolian parliament is scheduled to open on 5 April.

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First polymer bitumen plant opens www.montsame.mn

Ulaanbaatar /MONTSAME/ The first polymer bitumen (asphalt) plant in Mongolia was inaugurated on March 14.

Polymer bitumen will be domestically produced by the Aashto LLC, which is introducing the technology for producing euro-standard polymer modified bitumen suitable for geographical features and climate conditions of Mongolia. The 40 degrees Celsius heat resistant polymer bitumen, jointly studied by specialists of Mongolia, Russia, Italy, and Germany, can withstand temperatures from minus 46 to plus 68 degrees Celsius and its load limit is three times higher than the one used in current roads.

About the product, Director of the new plant N.Enkhtur said “We are endeavouring to elevate quality of our roads to European standards. Roads made with our asphalt would last two times longer compared with the current paved roads. The product has been tested at research institutes in Canada, Kazakhstan, and Russia”

Minister of Road and Transport Development B.Enkh-Amgalan attended the ceremony. “The time saving, improved technology brings significant change and new solution to the road sector of Mongolia” said the Minister, wishing success upon the Mongolian and foreign specialist took part in the product development and employees of the plant.

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Coal preparation plant put into trial operation in Gobisumber www.montsame.mn

Ulaanbaatar /MONTSAME/ A coal preparation plant was put into trial operation in Shiveegobi soum of Gobisumber aimag. The plant has an annual capacity of washing 1.5 to 1.8 tons of coal and will create 170-180 jobs, most of which for the locals, when it is put into full operation.

Constructed and equipped in six months, it will prepare coals of Erdenes Tavan Tolgoi JSC and export them to Asian and European markets. Moreover, there is an opportunity to wash brown coal of Shivee Ovoo coal mine, raising its value.

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