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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Consultative meeting of Foreign Ministries of Mongolia and Russia held www.montsame.mn

Ulaanbaatar /MONTSAME/ The 16th consultative meeting between the Ministries of Foreign Affairs of Mongolia and the Russian Federation was held in Moscow on December 7.

The delegations were led by L.Munkhtushig, Acting Head of the Consular Department of the Ministry of Foreign Affairs of Mongolia, and N.M.Latynov, Deputy Head of the Consular Department of the MFA of Russia respectively. Representatives of Mongolian Embassy in Russia, Consulates General in Ulan-Ude, Irkutsk and Kyzyl were present at the meeting.

During the consultative meeting, the parties assessed bilateral relations and cooperation, exchanging views on the matters of protecting citizens' interests including elimination of barriers related to the entry of foreign nationals and permits to reside in the two countries, and agreed to take appropriate actions on those matters.

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Prime Minister to visit Japan on December 12-16 www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh is to pay a visit to Japan on December 12-16. This year, the Government head visited the Republic of Korea, the People’s Republic of China and the United States of America.

During the visit, Prime Minister U.Khurelsukh will sign agreements targeted to strengthening relations and cooperation as well as enhancing social and economic ties between the two countries.

It is worth noting that Foreign Minister D.Tsogtbaatar made a visit to Japan this February and during the visit, the Foreign Minister of Japan informed him that the Government of Japan decided to develop a Master Plan for value-added production development in Mongolia’s agricultural sector.

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China summons US, Canadian ambassadors in 'strong protest ' over Huawei CFO's arrest www.cnn.com

The Chinese Foreign Ministry is summoning the US and Canadian ambassadors in protest over the detention of a Huawei executive in Vancouver, describing it as "lawless" and "extremely vicious."

The tech giant's chief financial officer, Meng Wanzhou, was arrested December 1 and faces extradition to the United States, where she is accused of helping Huawei circumvent US sanctions on Iran.
In a statement on Sunday, China's vice minister of foreign affairs, Le Yucheng, said the US ambassador to China, Terry Branstad, is being summoned over Beijing's "strong protest against the US's unreasonable direction to Canada of detaining the Huawei executive." Le said China would like the United States to revoke the arrest warrant against Meng and allow her to be freed.
In a statement Saturday summoning Canadian Ambassador to China John McCallum, Le said Meng's arrest "severely violated the Chinese citizen's legal and legitimate rights and interests, it is lawless, reasonless and ruthless, and it is extremely vicious."

Situating the headquarters of this regional newspaper in a hub that skilfully combines education, business, creativity and innovation helps it compete.
The statement also warned Canada of "serious consequences" if it doesn't release Meng.
China strongly urges Canada to "release the detainee immediately and earnestly protest the person's legal and legitimate rights and interests, otherwise it will definitely have serious consequences, and the Canadian side will have to bear the full responsibility for it," Le said in the statement.

Meng is believed to have helped Huawei circumvent US sanctions on Iran by telling financial institutions that a Huawei subsidiary was a separate company, Canadian prosecutors said at a hearing Friday to determine whether Meng should be released on bail.

Her lawyer said that she has ties to Canada and is not a flight risk. The judge, after hearing arguments from Meng's lawyer and prosecutors, did not rule on bail. The hearing will resume Monday at 1 p.m. ET.
Previously, details surrounding why Meng, 46, had been detained were limited due to a press ban. A judge had accepted Meng's request to bar both police and prosecutors from releasing information about the case prior to the hearing. The ban was lifted on Friday.
A judge in the US District Court for the Eastern District of New York issued a warrant for Meng's arrest on August 22, it was revealed at the hearing Friday. She was arrested on December 1.

Earlier this week, Huawei said Meng was detained by Canadian authorities on behalf of the United States when she was transferring flights in Canada.
In a statement after Friday's hearing in Canada, Huawei said: "We will continue to follow the bail hearing on Monday. We have every confidence that the Canadian and US legal systems will reach the right conclusion."

The company has said it was "not aware of any wrongdoing by Ms. Meng" and that it "complies with all applicable laws and regulations where it operates."
In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei's board. She is the daughter of Huawei's founder, Ren Zhengfei.
Meng's attorney said she would not breach a court order because doing so would embarrass her personally, and would also humiliate her father, Huawei and China itself. He added that the case against Meng had not been fully laid out, even though the US had signed off on her arrest warrant months ago.
"This isn't some last minute thing," he said.
Meng did everything she could to be transparent with Huawei's banking partners, and the company always worked to ensure its compliance with sanctions law, her lawyer continued.
Arrest came as US and China reached trade truce
Huawei is one of the world's biggest makers of smartphones and networking equipment and one of China's best-known companies. It is central to the country's ambitions to become a tech superpower.

But concerns that Huawei devices pose national security risks have hurt its ability to grow abroad.
The company has been repeatedly singled out by officials in the United States. US intelligence agencies have said American citizens shouldn't use Huawei phones, and US government agencies are banned from buying the company's equipment.
Huawei is a "bad actor," White House trade adviser Peter Navarro told CNN on Friday.
Navarro admitted that is was "unusual" that Meng's arrest came just as US President Donald Trump and Chinese President Xi Jinping reached a trade truce in Argentina, but said the government's actions are "legitimate."
"Let's look at what the indictment says and let the [Justice Department] do its thing," he said.

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Gazprom kicks major Arctic gas field into maximum overdrive www.rt.com

Russian gas major Gazprom has launched the final unit of a major national gas field in the Arctic that is projected to produce for more than 100 years.
It took the company 10 years to build the whole infrastructure in the harsh northern conditions. The unique Bovanenkovo oil and gas condensate field will now be able to work at full capacity, increasing it to the target level of 115 billion cubic meters of gas per year. This is almost half of what Gazprom provides for the domestic market and almost half its exports, according to Russian President Vladimir Putin.

“The scale is impressive,” Putin told Gazprom’s CEO, Alexey Miller, as he joined the launching ceremony via a conference call on Wednesday.

The works on the key Arctic facility began in 2008, and the company managed to create a powerful industrial complex at the field as well as all necessary infrastructure, including a railroad and an airport. Two previous units began operations in 2012 and in 2014.

Gas production operations at the field are to continue at the facility for more than 100 years – until 2128. The Yamal gas production center, which includes Bovanenkovo field, has the “primary role in the national gas industry throughout the 21st century,” according to Gazprom.

The company also said it connected the Ukhta-Torzhok 2 gas pipeline, designed to pump gas into the Nord Stream 2 to Germany, to the key route of Russia’s Unified Gas Supply System (UGSS). The new gas pipeline is 970 kilometers (602 miles) long and can take some 45 billion cubic meters of gas per year.

Bovanenkovo is the backbone of the Yamal gas production center and the largest field in the area in terms of explored gas reserves. At the start of development in 2012, its reserves were estimated at 4.9 trillion cubic meters. Last year, gas production from the facility amounted to 82.8 billion cubic meters.

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Fuel prices reduced in Mongolia www.news.mn

The price of fuel imports from Russia have finally started to fall. The decrease began at the beginning of the month. This is also reflected on the global markets where the cost of a barrel of oil price has also fallen.

Minister of Mining and Heavy Industries D.Sumiyabazar held a meeting with fuel importers and agreed to cut fuel prices. From Dec 07, the price of a litre of A-92 petrol was reduced by MNT 100 at Mongolian petrol stations. However, it should be remembered that fuel prices increased by MNT 350 in 2018 after importers raised their prices some five times.

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Air China Contributes To Development Of China-Mongolia Ties www.urdupoint.com

Air China as well as its Beijing-Ulan Bator direct route has contributed significantly to the promotion of tourism and people-to-people exchanges between China and Mongolia, a general manager of Air China has said. "As China-Mongolia relations and cooperation have been expanding rapidly in a wide range of areas, the number of people choosing to travel via Air China's Beijing-Ulan Bator direct route has been growing," General Manager of Air China in Ulan Bator Otgon Amgalan told Xinhua on Friday.
The general manager made the remarks during a promotion event of the company which aimed at further increasing exchanges between the two countries. "Mongolia is one of China's close neighbors. Also, the country is one of the main countries along the Belt and Road Initiative (BRI)," said Amgalan, adding that the company has made great efforts to develop bilateral ties, the BRI and Mongolia's Prairie Road development initiative.

Meanwhile, the general manager said that Air China has played a positive role in fostering humanitarian relations between the two countries by offering services to poor Mongolian patients.

The company recently provided half-price tickets for 28 Mongolian children suffering from congenital heart disease who went to Beijing to receive free surgeries, and their parents.

"Next year, our two countries are set to celebrate the 70th anniversary of the establishment of diplomatic relations," said Amgalan. "We are ready to do everything possible to make more contributions to the further development of bilateral cooperation between the two countries."Air China has commenced its operations in Mongolia in 1991 by starting its first direct flight from Ulan Bator to Beijing.

Last year, more than 95,000 passengers took the Beijing-Ulan Bator flight, up more than 30 percent compared with five years ago.

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Mongolia, DPRK agree to further expand ties www.xinhuanet.com

ULAN BATOR, Dec. 9 (Xinhua) -- Mongolian Foreign Minister Damdin Tsogtbaatar and his Democratic People's Republic of Korea (DPRK) counterpart, Ri Yong Ho, have agreed to further strengthen bilateral ties between their countries, the Mongolian Foreign Ministry said Sunday.

Ri arrived in the Mongolian capital of Ulan Bator on Saturday for a two-day visit at the invitation of the Mongolian foreign minister.

The two foreign ministers exchanged views on expanding bilateral cooperation at the regional and international levels and in various sectors such as politics, trade, sports and education, and other issues of mutual concern, the ministry said in a statement.

During the talks, Tsogtbaatar said that all relevant parties should cooperate closely to realize a completely denuclearized Korean Peninsula and solve any controversial issues in the region through negotiations.

For his part, Ri said that the DPRK adheres to the denuclearization of the peninsula, noting that strengthening mutual trust is now crucial in the region.

Mongolia and the DPRK established diplomatic ties in 1948.

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TRADE AND INVESTMENT OPPORTUNITIES IN INDIA www.mongolianbusinessdatabase.mn

Embassy of India in Ulaanbaatar in collaboration with Mongolian National Chamber of Commerce and Industry [MNCCI] is organizing a Seminar on “Trade and Investment opportunities in India” on 12th December, 2018.

The objective of the Seminar is to give the opportunity to entrepreneurs of Mongolia to look India for trade and Investment in the sector of Agriculture, Dairy, Pharmaceuticals, Tourism, Education, and Spices, Tea, Coffee etc. This Seminar will give opportunities to Mongolian companies to obtain information on Indian Economy, Business opportunities available in India, Trade and Investment environment in Mongolia as well as for the local entrepreneurs and organizations to learn more about Indian trade with Mongolia. You are kindly requested to disseminate this information among members of your organization and encourage them to participate in the event. Half Day event will be followed by Indian lunch.

You may register to the Seminar by email at commerce.ulaan@mea.gov.in & or by calling at +976-70132248 [Mr. Boldoo, Marketing Assistant] and for any other information related to the Summit.

Venue: Mongolian National Chamber of Commerce and Industry, 
1st floor Auditorium Date: 12th of December, 2018. 1000 hrs

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Neil Saker: 2018 Budget predicted to show positive balance www.montsame.mn

Ulaanbaatar /MONTSAME/ On December 6, G.Zandanshatar, Head of the Cabinet Secretariat met with Neil Saker, the International Monetary Fund's (IMF) Resident Representative for Mongolia.

At the meeting, the sides exchanged views on current conditions of the state budget and banking and finance sector of Mongolia.

The Head of the Cabinet Secretariat noted Mongolia’s involvement in the IMF’s Extended Fund Facility (EFF) program brought accelerated economic growth, improvement in the public budget balance and more investment. He also said the Government of Mongolia endeavours to decrease budget deficits and to diversify the economy by improving budget discipline and reducing expenditures.

Mr. Neil Saker expressed IMF’s satisfaction at Mongolian Government’s successful implementation of the EFF program, highlighting the 2018 State Budget is predicted to show a positive balance.

The parties also shared information about Mongolia’s export policy and economic growth.

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Researchers propose a new theory to explain iron-oxide concretions found in Utah and Mongolia www.phys.org

A team of researchers from Japan, Mongolia and the U.K. has developed a new theory to explain the origin of iron-oxide concretions (hard, solid masses) found in Utah and Mongolia. In their paper published in the journal Science Advances, the group describes their theory and how well it tested.

People have known about the iron-oxide balls found in Utah for hundreds, if not thousands of years—they are often referred to as Moqui marbles after the local Indian tribe. But how the small spheres came to exist is a mystery. It is the same story with the little balls in Mongolia. Interest in both has spiked in recent years due to the "blueberries" (hematite spherules) found on Mars back in 2004—many geologists believe they developed in the same way as the balls on Earth. In this new effort, the researchers suggest they may have solved the mystery of their origin on Earth, and by extension, on Mars, as well.

The researchers started by looking at samples of the balls using X-ray diffraction and optical microscopes. This allowed them to get a good look at the cores of the balls. After studying the makeup of the interior of the balls, the researchers concluded that they were first nothing but sandstone (mostly calcite). But then, the sandstone was very slowly dissolved by acidic water rich in iron, resulting in the formation of the balls, which notably have calcite cores. The researchers next conducted lab experiments designed to make similar balls using the same process. They report that their efforts were successful.

The researchers suggest their findings offer evidence of flowing water on Mars during the time the "blueberries" came to exist. They note the lack of a calcite core does not mean it was never there—such cores could very easily have vanished due to over-wash flowing through the rock. They further suggest that such an occurrence would also explain the dearth of carbonate on Mars' surface—it would have been dissolved as part of the process that led to the creation of the blueberries.

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