1 MONGOLIA’S STATE-OWNED MONGOL REFINERY TO BRING NEW 1.5 MT/YEAR OIL PLANT ONLINE BY 2026 WWW.ENERGIESMEDIA.COM  PUBLISHED:2026/01/05      2 TMK ENERGY SCORES FIFTH CONSECUTIVE MONTHLY MONGOLIAN GAS INCREASE WWW.THEWEST.COM.AU PUBLISHED:2026/01/05      3 RUSSIA PROPOSES NUCLEAR POWER PLANT & URANIUM MINING PROJECTS FOR MONGOLIA WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2026/01/04      4 HUNNU CITY AS AN URBAN CONSTELLATION FOR MONGOLIA’S 2050 VISION WWW.PARAMETRIC-ARCHITECTURE.COM PUBLISHED:2026/01/04      5 MONGOLIA'S CENTRAL BANK PURCHASES 16.3 TONS OF GOLD IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      6 MONGOLIA'S FOREX RESERVES REACH RECORD HIGH IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      7 MONGOLIA LEADS WORLD RANKINGS IN MEMORY, MIND SPORTS WWW.MONTSAME.MN PUBLISHED:2026/01/03      8 MONGOLIA EXTENDS VISA EXEMPTION POLICY FOR 34 COUNTRIES BY ONE YEAR WWW.VISASNEWS.COM PUBLISHED:2026/01/02      9 MONGOLIA AND CHINA HAVE ERECTED MORE THAN 4.700 KILOMETERS OF BORDER FENCES TO CONTAIN LIVESTOCK, CURB PASTURE DEGRADATION, AND TRANSFORM THE GRASSLAND INTO A PERMANENT ECOLOGICAL BORDER OF TERRITORIAL SOVEREIGNTY WWW.EN.CLICKPETROLEOEGAS.COM.BR  PUBLISHED:2026/01/02      10 CHINA TIGHTENS EXPORT CONTROLS ON SILVER, STEEL, ANTIMONY WWW.CHOSUN.COM PUBLISHED:2026/01/02      УЛААНБААТАР ХОТ LRT 1-Р ШУГАМЫН ХУВИЙН ТҮНШИЙГ СОНГОН ШАЛГАРУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/05     ЕВРОПЫН 32 ОРНЫ ИРГЭД НЭГ САРЫН ХУГАЦААНД МОНГОЛД ВИЗГҮЙ ЗОРЧИНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/05     МОНГОЛБАНК 16.3 ТОНН ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/03     МОНГОЛЫН АГААРЫН ТЭЭВРИЙН ШИНЭ ҮЕ: 2026 ОНД АЗИ, ЕВРОП, ХОЙД АМЕРИК РУУ ШИНЭ ЧИГЛЭЛҮҮД НЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     58.1 САЯ ТОЛГОЙ МАЛ ТООЛОГДЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ШЕЗ-ИЙН ДАРГААР П.ЗОЛЗАЯАГ СОНГОЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ТУУЛЫН ХУРДНЫ ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТЫН БАРИЛГЫН АЖЛЫГ ГУРАВДУГААР САРД ЭХЛҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     ШАРХАД, БАЯНХОШУУНД ТУС БҮР 110 АЙЛЫН НОГООН ОРОН СУУЦЫГ АШИГЛАЛТАД ОРУУЛЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/02     МИЛЛЕР: “СИБИРИЙН ХҮЧ–2” ХИЙН ХООЛОЙН ТӨСЛИЙГ ХУГАЦААНААС НЬ ӨМНӨ АШИГЛАЛТАД ОРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02     ТӨСӨЛ: ЖИЛИЙН 400 САЯ ТӨГРӨГ ХҮРТЭЛХ БОРЛУУЛАЛТЫН ОРЛОГОТОЙ БОЛ НӨАТ-ЫГ ХЯЛБАРШУУЛСАН ГОРИМООР ТАЙЛАГНАДАГ БОЛНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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National Protected Area Consultation Targets Stronger Ranger System www.montsame.mn

A three-day consultative meeting of special protected area administrations is taking place at the Shangri-La Hotel from December 3-5, 2025.
Organized at the initiative of the Ministry of Environment and Climate Change, the meeting is jointly hosted by the Mongolian National Fund for Nature Conservation, the German KfW Development Bank’s Biodiversity Conservation and Climate Change Adaptation Project (BACCP), the German Society for International Cooperation (GIZ), the Hanns Seidel Foundation, and The Nature Conservancy (TNC). Over 200 representatives from the ministry’s affiliated agencies, the Ministry of Culture, Sports, Tourism and Youth, the General Authority for Land Administration, Surveying and Cartography, special protected area administrations, projects, programs, international organizations, NGOs, and local communities are participating.
Minister of Environment and Climate Change Batbaatar Bat emphasized, “Wildlife, rivers, springs, and nature cannot speak or complain - they rely on us to be their voice. Protected area rangers are the ones who speak, educate, enforce laws, and safeguard nature. Today, we recognize the importance of protected areas. A survey report compiled with the participation of around 1,400 rangers shows challenges in exercising their legal authority and functions. We have identified social, investment, and governance issues. Within my ministerial authority, I have announced the decision to grant state inspector status for one year to all rangers, including those working in protected areas. Local rangers must operate within a unified, vertical structure. We will review their work and make legal adjustments to eliminate overlaps. Rangers often encounter conflicts with the public, for example, when travelers pollute rivers or cause wildfires. We must support our rangers and collectively work to protect our Earth. Given the workforce shortage in this sector, in 2026, we will enroll an additional 2,000 students in national and international universities to strengthen human resources.”
During the meeting, participants are discussing the current conditions, challenges, and opportunities in special protected areas and biodiversity conservation. They have officially launched the development of a “Special Protected Areas Roadmap.”
Additionally, the meeting addresses the 2026 work plan for protected area administrations at the network level, management plans, current state of conservation funding, preliminary results from the study, and the need to improve legislation governing protected areas. Capacity-building training and discussions for management staff and specialists are also being conducted.

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Rio Tinto Revises Up 2025 Copper Production Forecast as Mongolian Project Accelerates Operations www.news.metal.com

Rio Tinto said on Thursday that it has raised its 2025 copper production forecast due to accelerated operations at the Oyu Tolgoi copper-gold mine project in Mongolia.
The company expects its consolidated copper production to reach between 860,000 and 875,000 metric tons in 2025, up from the previous forecast of 780,000 to 850,000 metric tons.
The miner also anticipates copper production to be between 800,000 and 870,000 metric tons in 2026.
Although Rio Tinto's profits are primarily derived from iron ore, the miner is shifting its focus toward copper, aiming to achieve an annual copper production of 1 million tons by 2030.
Copper prices have reached record highs, and demand is expected to remain strong during the transition to green energy.
Rio Tinto stated that production at the Oyu Tolgoi copper mine is still on track to increase by more than 50% this year and by approximately 15% in 2026.
The company said it will reduce unit costs by 4% from 2024 to 2030.
Rio Tinto indicated that capital discipline, rising commodity prices, and a 20% growth in copper production are expected to help increase the company's earnings by as much as half by the end of this decade.
Rio Tinto expects bauxite production in 2025 to exceed the previous guidance range of 59 million to 61 million tons, while aluminum production is projected to reach the high end of the guidance range of 3.25 million to 3.45 million tons.

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Mongolia calls public hearings ahead of likely push to renegotiate Rio Tinto terms on giant copper mine www.intellinews.com

Mongolia is scheduled to launch a series of public hearings next week to examine the Oyu Tolgoi copper and gold mine, a project projected to become one of the world’s top copper producers, as lawmakers question whether the country is receiving its fair share of its profits.
The Parliamentary Oversight Committee on Oyu Tolgoi, established earlier this year under a legislative resolution, is investigating whether the state has benefitted adequately from the multibillion-dollar mine.
The mine’s initial open-pit development and surface facilities carried a price tag of about $6.4bn, while the ongoing underground expansion, expected to drive most of its future output, has been budgeted at more than $7bn.
Lawmakers say the hearings will focus on resource valuations, licensing decisions and the financing structure behind the underground build-out. 
A key point for lawmakers is how Mongolia will benefit from the resources within Entrée LLC’s concession areas, including the Javkhlant and Shivee Tolgoi licences. The licences are registered to Entrée LLC, a Mongolian subsidiary of Entrée Resources, though they are managed as part of the Oyu Tolgoi joint venture.
Oyu Tolgoi LLC, the project’s operator and a majority-owned subsidiary of Anglo-Australian mining giant Rio Tinto, has faced heightened scrutiny in recent months. The company launched an internal investigation into alleged procurement irregularities earlier this year, prompting lawmakers to increase oversight. Company officials say they are cooperating with information requests but have raised concerns about security issues surrounding the committee’s proceedings.
Up to 300 witnesses, including former prime ministers, senior mining officials and industry executives, are expected to be called during the hearings. Parliamentary leaders say the testimony will help determine whether past agreements and financing terms, including shareholder loans used to fund the underground mine, should be renegotiated.
Batnairamdal Otgonshar, chair of the oversight committee, says he has faced heightened pressure in recent weeks, reporting to authorities that he has been followed by unmarked vehicles.
“This act not only infringes upon my individual rights but also undermines the immunity and integrity of Parliament and attempts to interfere with an official parliamentary oversight process,” Batnairamdal said in an email to bne IntelliNews. “The matter has been formally referred to the relevant law-enforcement bodies.”
In addition to the licence review, Batnairamdal said another focus is the shareholders’ agreement, which outlines the project’s financing. He said it includes a $12bn loan from Rio Tinto to Oyu Tolgoi LLC with an interest rate of 11.3%.
“This high loan interest means that by the time the principal is repaid, cumulative interest costs could exceed the borrowed amount — delaying Mongolia’s share of profits, or dividends, until the 2030s or even 2040s,” Batnairamdal said.
The agreement allows the interest rate to be renegotiated every seven years.
“If we miss this opportunity, we lose the chance to renegotiate for another seven years,” he said.
“Our oversight committee will push for the government to act now to reduce the interest rate, in line with international standards. This is a matter of national economic security and falls squarely within our committee’s mandate,” Batnairamdal said.
The Oyu Tolgoi project has long been a source of political debate in Mongolia, where many citizens see the mine as essential to national growth but worry the country has not captured enough of its value. The underground expansion is expected to boost Oyu Tolgoi into the ranks of the world’s top copper producers amid rising global demand for the metal.
Rio Tinto did not immediately respond to questions from bne IntelliNews related to the upcoming hearings and the possibility that Mongolia might seek new investment terms.  
The committee’s findings, expected in early 2026, could shape future investment in Mongolia’s mining sector and influence the government’s relationship with one of its largest foreign partners.
By Michael Kohn

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Mongolia receives highest number of foreign tourists since the beginning of 2025 www.xinhuanet.com

Mongolia received the highest number of foreign tourists since the beginning of this year, with a total of 810,389 visitors, according to official data released by the Mongolian Tourism Organization on Thursday.
This surpasses the previous record of 1,433 set in December 2024, the data showed.
During the period, China has remained the leading source of foreign tourists to Mongolia.
Currently, Mongolia's economy relies most heavily on the export of mineral resources. Tourism promotion is considered one of the priorities for diversifying the country's economy and increasing the competitiveness of its tourism in the context of global competition.
According to the country's Ministry of Culture, Sport, Tourism and Youth, the Mongolian government has decided to continue the "Years to Visit Mongolia" tourism program until 2028 to promote the development of four-season tourism in the country.
It is expected that by 2028, Mongolia plans to receive a total of 2 million foreign tourists as part of its policy to support the tourism sector under the official motto "Go Mongolia."

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Mongolia signals readiness to contribute to global fight against desertification www.qazinform.com

At a press briefing held during the 23rd session of the Committee for the Review of the Implementation of the UN Convention to Combat Desertification (UNCCD), Chief of the Secretariat of the Mongolian National Committee for Organizing COP17 Batmunkh Dondovdorj provided updates, MONTSAME reports. 
He presented Mongolia’s preparations for the 17th Session of the Conference of the Parties (COP17), which will take place in Ulaanbaatar in 2026, outlining expected outcomes and the international significance of the event. Mr. Batmunkh emphasized that Mongolia is ready to make an active contribution to the global effort to combat desertification.
The press briefing was attended by UNCCD Executive Secretary Yasmine Fouad, Panama’s Minister of Environment Juan Carlos Navarro, as well as Vice Minister for Environment, Agriculture, and Water of the Kingdom of Saudi Arabia Osama Fakihah, representing the presidency of COP16. They noted that, as desertification, land degradation, and the impacts of climate change intensify worldwide, global environmental policy is increasingly focusing on ecosystem restoration, sustainable land management, new mechanisms for climate-risk financing, water accessibility and climate resilience, and greater private-sector engagement.
According to the Ministry of Environment and Climate Change of Mongolia, these priorities have become integral to global efforts to prevent desertification, reduce ecosystem degradation, and protect biodiversity.
Participants also responded to journalists’ questions regarding the need to strengthen multilateral cooperation within the mandate of the Convention, improve cross-sectoral coordination, and advance long-term goals for sustainable development and global ecological balance.
It should be noted, Turkiye to host COP31 climate summit after Australia concedes bid.
BY
Zhanna Nurmaganbetova

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Mongolia’s Foreign Exchange Reserves Reach USD 6 Billion www.montsame.mn

 Supported by improved sovereign credit ratings and a more favorable external financing environment, Mongolia’s foreign exchange reserves reached USD 6.014 billion as of end-day on December 2, marking an all-time high.
The Bank of Mongolia stated that the continued accumulation of reserves plays a crucial role in strengthening domestic economic and financial stability, as well as supporting the Central Bank’s objectives, including maintaining the stability of the tugrik.
The rapid growth of mineral exports has further strengthened Mongolia’s balance of payments, improved its foreign trade performance, and increased foreign currency inflows through the banking system. The Government and the Central Bank have also successfully implemented debt management measures by refinancing bonds issued on international markets and servicing large-scale external debt payments in line with macroeconomic conditions.

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Fuel Supply Strengthened as December Purchase Orders Confirmed www.montsame.mn

State Secretary of the Ministry of Industry and Mineral Resources Dashpurev Buriad emphasized that Mongolia has confirmed its fuel purchase orders from the Russian Federation for December 2025, ensuring an uninterrupted and stable supply.
The Ministry also reported that Mongolia will purchase 10,000 tonnes of diesel fuel from the People’s Republic of China.
He noted, “To secure sufficient fuel supplies, Prime Minister Zandanshatar Gombojav and Minister of Industry and Mineral Resources Damdinyam Gongor led a delegation to the Russian Federation last month. As a result, imports will increase. For instance, Mongolia purchased 75,000 tonnes of AI-92 gasoline from Russia in November, raising monthly supply by an additional 10,000 tonnes.”
Regarding diesel fuel imports, he added, “Improved coal exports have increased diesel demand. Due to higher output of mining products, wholesale diesel prices have risen above retail prices, and the Government is taking measures to regulate this.”
He further stated that fuel supplied to the western region from the central region will return to normal soon. The eastern region continues to receive uninterrupted deliveries through the Ereentsav border checkpoint. As of December 1, 2025, a total of 16 rail tank wagons of AI-92 gasoline had been imported. The Government is also working with fuel-importing companies to increase deliveries to the Gobi region and to stabilize diesel availability in rural areas.

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Mongolia Launches AI and Big Data Training Program in Collaboration with Oracle www.montsame.mn

Within the framework of the “Digital First” policy, Mongolia presented its National Strategy on Big Data and Artificial Intelligence to the Cabinet in September 2025. The Government planned to implement 66 projects and activities over the next five years to fulfil the four strategic objectives set out in the document.
According to the Ministry of Digital Development, Innovation and Communications of Mongolia, the second objective of the strategy is to establish an ethical and responsible artificial intelligence system based on cooperation between the public and private sectors. To advance this goal, Mongolia joined Oracle’s Skills Development Initiative and launched bilateral cooperation.
Through this cooperation, more than 60,000 public servants and citizens, including doctors and teachers, will have free access to international-level training programmes and digital platforms offered through Oracle Academy, the global technology leader’s educational programme.
The cooperation will enable young people to apply data and AI in their daily lives and acquire labour-market-ready skills in artificial intelligence, database systems, data management, data security, and information technology. It is also expected to play an important role in strengthening digital literacy among the public.
This partnership holds strategic significance for advancing Mongolia’s digital development and technological modernization to the next stage. It marks a major step toward building a long-term, stable partnership with a global corporation.

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Netflix’s Reality Show Physical: Asia Brings Global Spotlight to Mongolia www.montsame.mn

Netflix’s reality competition Physical: 100 returned this year with an international twist. The Korean series aired its spin-off, Physical: Asia, from October to November 2025, attracting global audiences, including in Mongolia.
During the show’s final stretch, the remaining teams — Korea and Mongolia — shared a memorable moment: a communal dinner before the Final Quest. As discussions turned to the prize money, Mongolia’s team captain, Orkhonbayar Bayarsaikhan, jokingly said, “If our team wins today and we get the prize money, we’ll buy all of you plane tickets to visit Mongolia.” In response, Korea’s team captain, Kim Dong-hyun, replied, “I’m determined to do so with your own prize money.”
Following this exchange, plans are underway for MMA fighter Kim Dong-hyun and CrossFit athlete Amotti (real name Kim Jae-hong) from the Korean team to visit Mongolia alongside a 14-member Netflix production team.
The visit is intended to film a special feature related to the show. Mongolia will be represented by national wrestler Orkhonbayar Bayarsaikhan and circus artist Lkhagva-Ochir Erdene-Ochir. Filming is expected to last 10 days. The special feature will consist of four episodes, with the first two set to premiere on Netflix on December 24, 2025, and the remaining two on December 31, 2025.
Separately, Australian team member and renowned parkour athlete Dom Tomato (Dominic Di Tommaso) and Korean team member and freestyle wrestler Jang Eun-sil visited Mongolia last week. Australian strongman Eddie Williams also arrived in Ulaanbaatar earlier on December 3, 2025.
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Uzbekistan to lift import duties on goods from Saudi Arabia, Mongolia and Several North African countries www.kun.uz

Uzbekistan will gradually remove import duties on a range of goods from Saudi Arabia, Mongolia and several North African countries as part of a broader plan to expand the construction materials industry and boost foreign trade. The measures were approved by President Shavkat Mirziyoyev on 1 December.
Under the new policy, imported raw materials used in the production of construction materials will be exempt from customs duties until early 2028. Within two weeks, the interdepartmental commission responsible for cooperation with the World Trade Organization will finalize the list of eligible raw materials.
The government has set ambitious targets for the sector: annual construction materials output is expected to reach UZS 62 trillion, while exports are projected to climb to $1.5 billion. Priority will be given to scaling up the production of environmentally friendly and energy-efficient materials, as well as strengthening safety controls.
As part of the trade liberalization measures, Uzbekistan plans to abolish import duties by 2027 on goods from Morocco, Algeria, Tunisia, Egypt, Saudi Arabia, Qatar and Mongolia. The country will also introduce mutual recognition of certificates of origin with these partners, paving the way for smoother two-way trade.
Uzbekistan aims to launch new investment projects worth $3.5 billion in the construction materials sector. Deputy Prime Minister Jamshid Khodjaev, together with regional administrations and the Council of Ministers of Karakalpakstan, has been instructed to outline the consolidated parameters of these projects within one month.
The resolution also tasks border troops with ensuring the safe passage of Uzbek business representatives through the “Termez” checkpoint on the Afghan border, supporting logistics and access for companies engaged in cross-border trade.
In addition, the government is simplifying the export of ferrous metals and rolled steel (HS code 7210). These products will no longer be classified as goods requiring advance payment, a letter of credit, bank guarantee or insurance policy in order to qualify for foreign-currency export benefits.

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