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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Shaanxi Coal and Chemical receives 1st coking coal shipment from Mongolia www.sxcoal.com

The supply chain subsidiary of Shaanxi Coal and Chemical Industry Group, one of largest state-owned coal and chemicals producer in China, reported the successful customs clearance of its first batch of Mongolia coking coal, about 30,000 tonnes, through Ceke border crossing on June 27, marking a solid step for the company in the field of international trade.
China is the largest destination of coal exports from the landlord country, but the major coal producer itself hasn't imported coal from Mongolia before.
Since the coal cross-border transportation resumed at Ceke port on February 10, the company has quickly sent teams to the port and also Ganqimaodu port to gain a thorough understanding of transportation, warehousing, and sales conditions, in order to accelerate the progress of importing Mongolian coal.
This coal trade also marked the first usage of Chinese yuan for settlement. By prioritizing the use of the local currency, the company not only enhanced the yuan's internationalization but also facilitated the achievement of budget targets and ensured the smooth operation of business activities and risk management.
Ceke, as an important transportation hub connecting Northwestern China with Mongolia, plays a crucial role in coal trade. The company's strategic focus on expanding the Mongolian coking coal import scale is in line with China's Belt and Road Initiative and the "China-Mongolia-Russia Economic Corridor."
(Writing by Alex Guo Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.
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EBRD gives impetus for green investment in Mongolia www.ebrd.com

Mongolia is the latest country to join the European Bank for Reconstruction and Development’s (EBRD) Green Economy Financing Facility (GEFF). The GEFF Mongolia will support the country’s transition to a greener economy, facilitate better access to green technologies for private companies and local households, and promote higher energy efficiency standards. This is particularly important in a country known for its extreme weather conditions and vulnerability to the negative impacts of climate change.
The US$ 137 million GEFF Mongolia, launched by the EBRD and the Green Climate Fund (GCF) in the country’s capital, Ulaanbaatar, today, will encourage individuals and businesses to invest in green and innovative solutions that promote the efficient use of water, sustainable land management and greater resource efficiency. For now, the funds will be available to borrowers across the country through partner financial institutions Khan Bank and XacBank. Other local financial intermediaries are expected to join the programme in future.
The GEFF, supported by concessional co-financing provided by the GCF and technical assistance funded by the GCF and the government of Japan, will also offer financing to vendors and producers of high-performing green goods and equipment, including those covered by the online Green Technology Selector, available on the GEFF Mongolia website.
With the Bank’s support, XacBank will also develop and implement a transition plan aimed at aligning its business practices with the goals of the Paris Agreement.
The GEFF Mongolia will also contribute to the growth of the country’s green economy, make green technologies more affordable and create new job opportunities. It will facilitate investment in climate change mitigation and adaptation projects, advance the circular economy, and promote the decarbonisation and competitiveness of Mongolia.
The new facility builds on the US$ 25 million Mongolian Sustainable Energy Financing Facility (MonSEFF) that was in place from 2014 to 2019, which helped dozens of local businesses reduce their energy consumption through targeted investments in new equipment and energy efficiency measures. These projects collectively generated more than 255,000 MWh of energy savings and helped reduce CO2 emissions by more than 94,000 tonnes annually.
Launched in 2006, the Bank’s GEFF is being now implemented in 29 economies. Over €6.3 billion has been provided to more than 230,000 clients under the facility to date.
As of June 2023, the EBRD has invested almost € 2.25 billion in Mongolia’s economy through 136 projects.
 
 
 
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Mongolia Leans in to Feminist Foreign Policy www.dgap.org

On June 29 and 30, Mongolia’s Foreign Minister Battsetseg Batmunkh hosted foreign ministers from France, Germany, Indonesia, Liechtenstein, and South Africa as well as representatives from international organizations in Ulaanbaatar. They discussed issues related to gender equality, including ways to tackle the climate crisis and food insecurity, resulting in the “Ulaanbaatar Declaration.” Mongolia, which recently joined the “Feminist Foreign Policy Plus Group” at the United Nations – an alliance of countries engaging in the topic – says it will hereby contribute to promoting feminist and gender transformative approaches to multilateralism and foreign policy.
Feminist foreign policy wants to strengthen the rights, resources, and representation of women and marginalized groups, in the proven knowledge that more inclusive decision-making leads to more sustainable diplomatic and peace processes. Germany’s government became the seventh country to commit to a feminist foreign policy (FFP) in late 2021. Since then, more states have announced their commitments, including Chile and the Netherlands.
They have joined a reform-minded club – one that promotes a sharp new understanding of security that puts the interests of people, rather than states, at the center. For governments, this means aiming at status quo assumptions, national interests, and relations with other states. While FFP’s implementation and focus may vary from state to state, it is still a commitment to fundamental transformation.
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Closure Plan of Salkhit Silver Mine www.montsame.mn

The ceremony of handing over the standard management plan for the closure of the Salkhit silver and gold mine was held yesterday at the "Tuushin" hotel.
The mine closure pilot plan is to improve land use, to provide a healthy and safe living environment for the people in the mining area, and in general, to improve the social and economic benefits when the mine is closed. It is a complex activity to liquidate the infrastructure of the mine, restore the environment, and carry out environmental monitoring. Rehabilitating areas affected by mining activities in order to enable them to be used again sustainably has a positive effect on local communities and ecosystems.
Erdenes Silver Resource LLC, a daughter company of a group of state-owned mining companies Erdenes Mongol, was handed over "Mongolia: Enhancing Resource Management through Institutional Transformation" (MERIT) Project, implemented with the funding of the Government of Canada and the Ministry of Foreign Affairs of the country. The project was fully implemented in two phases from September 2021 to June this year.
Erdenes Silver Resource LLC operates in the Salkhit silver and gold deposit located in Gurvansaikhan soum of Dundgobi aimag. Despite the fact that the exploitation of the Salkhit silver and gold deposit will continue for the next 8-10 years, the closure plan has been developed and presented. By accepting the standard mine closure management plan, the company assumes the responsibility of implementing the laws and regulations related to mine closure and rehabilitation and working as a pioneer in the further development of responsible mining. Ambassador of Canada to Mongolia Mrs. Catherine Ivkoff noted in her opening speech, "In advanced mining countries, closure plans are developed before the operations begin. Actually, the closure management plan goes hand in hand with the mine operations."
Mining industry participants in the ceremony emphasized that the management plan for the closure of the Salkhit mine will be a world-standard model that can be used in other mines in Mongolia.
Quite a number of mines have been closed in the past in Mongolia. However, first of all, the closures were done in different ways for a certain period of time due to various conditions of the mines, such as depletion of resources, and financial and economic conditions, as pointed out by the legal adviser of the MERIT project G. Surakhbayar.
In a sense, the mining sector of our country has developed intensively in the last 30 years with foreign and domestic investments, still, there is no history of closing mines based on rational, correct, and theoretical concepts. However, he emphasized the significance of this closure management plan as it is being implemented in Mongolia in accordance with world norms and standards.
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Mongolia Aims to Receive 400,000 Tourists from China www.montsame.mn

During the visit of the Prime Minister of Mongolia L. Oyu-Erdene to China, Minister of Environment and Tourism B. Bat-Erdene met with representatives of 22 leading companies, including Chinese tourism group North China Region, CTG Travel Service Corporation Ltd., China Gaund Tourism Group, Ctrip International Travel Service, UTour Group Co., Ltd., and Tuniu Tour, etc., and introduced them new activities and events in the Mongolian tourism industry. The parties agreed to carry out the following activities between the two countries. They include:
• Reviving the tourism activities of three countries in the scope of the "Great Tea Road" ;
• Cooperation in border tourism;
• Cooperation with the online "Ctrip" agency to import and trade Mongolia's travel products;
• Providing comprehensive tourism support within the "Belt and Road" economic corridor;
• Cooperation with the TOP 22 Chinese tourism entrepreneurs in receiving Chinese tourists;
• Supporting investment in the tourism industry.
As part of the "Visit Mongolia Years" being implemented by the Government of Mongolia, our country aims to receive 400 thousand tourists from China.
The Head of China's Beijing Foreign Cultural and Trade Association, Pan Ching Lin, expressed support for collaboration and coordination between Mongolian and Chinese tourism companies for realizing the goal of receiving "One Million" tourists this year, specifically 400 thousand tourists from the southern neighbor. In addition, both sides emphasized that the Silk Road or "Belt and Road" project is an opportunity to start new relations in the field of tourism between the two countries.
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Legislative update: Mongolia adopts news law on public and private partnership www.melvilledalai.com

On 9 December 2022, the Parliament of Mongolia adopted the Law of Mongolia on Public andPrivate Partnership (the “PPP Law”). The PPP Law came into effect on 1 July 2023, replacing the existing Law of Mongolia on Concession (the “Concession Law”) dated 28 January 2010. The introduction of the PPP Law signifies Mongolia’s…https://www.melvilledalai.com/Publications/other/LEGISLATIVE-UPDATE%3A--MONGOLIA-ADOPTS-NEW-LAW-ON-PUBLIC-AND-PRIVATE-PARTNERSHIP-

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Naadam Festival is the longest holiday for Mongolians www.news.mn

In 2020, the Mongolian Government amended Law on Celebrations and extended the public holiday during the Naadam Festival from three days to five. This year, Mongolians will get a full week of holiday on 10-16 July.
Recognised by UNESCO as Intangible Cultural Heritage, the Naadam Festival unites Mongolians to celebrate their heritage, customs via an enthralling mix of sports and arts. Held every year from July 11-15, it is evidence of their long history, devotion to their nomadic culture, and unwavering national pride. Witness the vigour and spirit of Mongolia, as the whole country comes together in a proud display of majestic festivity.
Referred to as ‘Eriin Gurvan Naadam’, which translates to ‘Three Manly Sports’, it has its roots in the ancient Mongols’ nomadic culture and traditional way of life across the vast steppe. The festival features the three main activities – wrestling, horse racing, and archery, which are closely related to the history and culture of Mongolia.
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Mongolia-France Bilateral Cooperation Enriched with a New Chapter www.montsame.mn

Minister of Foreign Affairs of Mongolia B. Battsetseg held a bilateral meeting with the Minister for Europe and Foreign Affairs of France Ms. Catherine Colonna, who paid a visit to Mongolia at the invitation of Minister B. Battsetseg.
At the outset of the meeting, the Minister of Foreign Affairs B. Battsetseg expressed her gratitude to the Minister for Europe and Foreign Affairs of France Catherine Colonna for co-organizing the Female Foreign Ministers’ Meeting in Ulaanbaatar and visiting Mongolia. Then, she expressed her delight at the fact that this collaboration is enriching the Mongolia-France bilateral relations and opening a new chapter of cooperation.
The Minister also affirmed her commitment to upgrading the bilateral relations and cooperation between the two countries to the strategic level and further advancing the agreement on investment issues by the two Heads of State.
For her part, the Minister for Europe and Foreign Affairs of France Ms. Catherine Colonna expressed her pleasure at visiting Mongolia as a follow-up to the historic visit of French President E. Macron. She also highlighted the special attention that their ministry is giving to the successful organization of a state visit by President Khurelsukh Ukhnaa, scheduled for this autumn, to France and further strengthening the strategic common goals of the two countries.
Moreover, the Parties exchanged in-depth views on the bilateral and international relations of the two countries and reaffirmed their commitment to strengthen their cooperation within the UN and other international organizations.
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OSCE to Cooperate in "One Billion Trees" National Campaign www.montsame.mn

Secretary General of the Organization for Security and Co-operation in Europe (OSCE) Ms. Helga Maria Schmid paid a courtesy call on President of Mongolia Khurelsukh Ukhnaa on June 30.
During the meeting, the Parties had in-depth exchange of views on expanding the relations and cooperation in economic and environment sector between Mongolia and the OSCE, and other opportunities to implement joint programs and projects.
Ms. Helga Maria Schmid, Secretary General of the OSCE, participated in the Female Foreign Ministers’ Meeting in Ulaanbaatar, which was held on June 29-30. For her side, she affirmed the OSCE’s support for the “One Billion Trees” National Campaign, initiated by the president of Mongolia and readiness to cooperate on this initiative.
Mongolia joined the OSCE on November 21 2012, becoming the Organization's 57th participating State.
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National Anti-Corruption Program approved www.theubposts.com

On June 30, the resolution of the State Great Khural on “Approving the National Anti-Corruption Program” was approved during the plenary session. In this regard, we are presenting the full speech of Speaker of Parliament G.Zandanshatar.
“The National Anti-Corruption Program was first approved in 2016. This time, the National Anti-Corruption Program was approved with 11 goals. In this context, leadership and transparency in the fight against corruption in the political sphere will be improved by ensuring the transparency of political party financing and activities. The goal of strengthening the corruption-free and ethical public service that is trusted by the public will be implemented in the near future. Fighting corruption is not only a government task, it is also society task. That is why special attention should be paid to effective participation and effective control of citizens, civil society organizations, and media in anti-corruption activities. All over the world, social norms are changing and reforming, and an anti-corruption culture is being formed. Advances in social networks and technology provide new opportunities. The words ‘justice’ and ‘equal opportunity’ no longer have the characteristics of slogans, and civil society organizations, journalism, and social networks have begun to fight corruption and strengthen effective control. It is called ‘A new three-dimensional approach to fighting corruption’ all over the world. We need to be fully aware that this change is being made in accordance with this new culture and global approach.”
G.Zandanshatar then continued, “Representatives of government organizations and representative organizations should follow the demands and aspirations of society. We must work in accordance with the wishes of people. Shift from a vertical system to a horizontal system of responsibility. The transition of civil society organizations, journalism, professional supervision, and state supervision institutions to a horizontal system of supervision is confirmed by the recently approved ‘National Anti-Corruption Program’. The government will not fight against corruption alone, but will implement the program through collective and joint efforts. This program can be successfully implemented by making the public understand, enlighten, and be transparent about the reasons, conditions, and consequences of adopting and implementing such a policy. All laws and resolutions approved by Parliament include the idea of fighting corruption. The Law on Amendments to the Law on the Elections of Parliament of Mongolia was approved in order to conduct the regular elections of Parliament in a fair manner under the control of the public. The Law on the Ethics of Civil Servants was approved. For the first time, the Standing Committee on Justice has organized a hearing to analyze the evidence of the new norms of public hearings. The final discussion of the consolidated draft of the law on amendments to the law on regulation of public and private interests and prevention of conflicts of interest in public services was held.”
Speaker noted, “In my speech at the opening of the 2023 spring session of the Parliament, I noted that it will be a session that will improve the law and legal framework to fight corruption. Today, we continue this goal one step further and, in accordance with the results of public criticism and external research organizations, we approved the ‘National Anti-Corruption Program’ by making these changes and reforms to ensure the conditions of open and transparent government activities. To realize this, leadership, efforts and joint efforts to implement the national anti-corruption program, which is the first goal of the program, are essential. It is necessary to encourage and lead the development of this culture. It is time to effectively implement the ‘National Anti-Corruption Program’ with a deep awareness of the reality of social demands to tolerate corruption and conflicts of interest.”
 
 
 
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