1 D. DALAIJARGAL: URANIUM MINING PROJECT ADVANCES FAST WITH FRENCH FUNDING WWW.MONGOLIANMININGJOURNAL.COM  PUBLISHED:2025/12/05      2 MONGOLIA, INDIA TO ADVANCE STRATEGIC PARTNERSHIP IN DIGITAL DEVELOPMENT AND INNOVATION WWW.MONTSAME.MN PUBLISHED:2025/12/05      3 POPE LEO MEETS WITH THE PRESIDENT OF MONGOLIA WWW.VATICANNEWS.VA PUBLISHED:2025/12/05      4 NATIONAL PROTECTED AREA CONSULTATION TARGETS STRONGER RANGER SYSTEM WWW.MONTSAME.MN PUBLISHED:2025/12/05      5 RIO TINTO REVISES UP 2025 COPPER PRODUCTION FORECAST AS MONGOLIAN PROJECT ACCELERATES OPERATIONS WWW.NEWS.METAL.COM  PUBLISHED:2025/12/05      6 MONGOLIA CALLS PUBLIC HEARINGS AHEAD OF LIKELY PUSH TO RENEGOTIATE RIO TINTO TERMS ON GIANT COPPER MINE WWW.INTELLINEWS.COM PUBLISHED:2025/12/05      7 MONGOLIA RECEIVES HIGHEST NUMBER OF FOREIGN TOURISTS SINCE THE BEGINNING OF 2025 WWW.XINHUANET.COM PUBLISHED:2025/12/05      8 MONGOLIA SIGNALS READINESS TO CONTRIBUTE TO GLOBAL FIGHT AGAINST DESERTIFICATION WWW.QAZINFORM.COM PUBLISHED:2025/12/04      9 MONGOLIA’S FOREIGN EXCHANGE RESERVES REACH USD 6 BILLION WWW.MONTSAME.MN PUBLISHED:2025/12/04      10 FUEL SUPPLY STRENGTHENED AS DECEMBER PURCHASE ORDERS CONFIRMED WWW.MONTSAME.MN PUBLISHED:2025/12/04      МАЛ, ТЭЖЭЭВЭР АМЬТНЫ ТООЛЛОГО НЯМ ГАРАГТ ЭХЭЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/05     Ш.РАДНААСЭД ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХ БОЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/05     АШИГТ МАЛТМАЛЫН 8 ЗӨВШӨӨРЛИЙН ХАРИУД ₮2.7 ТЭРБУМЫГ АВСАН Ш.ГАНХУЯГ, ӨГСӨН ЭДВАРД СҮРЭН НАРЫГ 1 САР ХОРИВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/05     ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ ГЭГЭЭН ШИРЭЭТ УЛСЫН ТӨРИЙН ТЭРГҮҮНТЭЙ УУЛЗЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/05     ТАВАНТОЛГОЙ-ГАШУУНСУХАЙТ ЧИГЛЭЛИЙН ТӨМӨР ЗАМААР ТАВАН САРД 3 САЯ ТОНН НҮҮРС ТЭЭВЭРЛЭВ WWW.EGUUR.MN  НИЙТЭЛСЭН:2025/12/05     MONGOLIA FOCUS: МОНГОЛД ӨӨРИЙГӨӨ ЦЕНЗУРДЭХ ҮЗЭГДЭЛ НЭМЭГДСЭН НЬ АРДЧИЛЛЫН ЧАНАР ДОРОЙТОЖ БУЙН ИЛРЭЛ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/05     11575 АЙЛЫН ОРОН СУУЦ БАРИХ БОЛОМЖ БҮРДЭВ WWW.NEWS.MN  НИЙТЭЛСЭН:2025/12/05     Н.ЦЭРЭНСАМБУУ: ГАДААДЫН ХӨРӨНГӨ ОРУУЛАЛТААР БОР ТЭЭГИЙН ОРДЫГ ЭДИЙН ЗАСГИЙН ЭРГЭЛТЭД ОРУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/04     С.БЯМБАЦОГТ: ЗЭС ХАЙЛУУЛАХ ҮЙЛДВЭРИЙГ БАРИХ ХӨРӨНГӨ ОРУУЛАГЧИЙГ НЭЭЛТТЭЙ СОНГОН ШАЛГАРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/04     NETFLIX-ИЙН МОНГОЛД ХИЙХ ШИНЭ НЭВТРҮҮЛГИЙН НӨЛӨӨ БА АЛГАН ДЭЭР ТАВЬСАН БОЛОМЖОО АШИГЛАХУЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/04    

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

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D. Dalaijargal: Uranium mining project advances fast with French funding www.mongolianminingjournal.com

The Government of Mongolia has signed an investment agreement with France's state- owned company, Orano Mining. This is the second major foreign-invested project in Mongolia to move toward actual implementation, following Oyu Tolgoi.
The project is set to produce 68,900 tons of uranium, a key raw material for nuclear energy. Compared to coal-fired power plants, it is expected to reduce global greenhouse gas emissions by 3.9 billion tons.
MMJ journalist A. Khaliun spoke with D. Dalaijargal, Executive Director of Mon-Atom LLC-the state-owned company responsible for implementing the project on behalf of the Mongolian government about progress on execution of the project.
What progress has been made in the ten months since the Government of Mongolia signed the Investment Agreement with France's Orano Mining?
According to the Investment Agreement signed on January 17, 2025, production at the processing plant is scheduled to begin in 2028, with the first batch of products expected the same year. In preparation, several major construction and infrastructure projects are already underway.
First, construction will begin on approximately 120 kilometers of upgraded and paved roads connecting Ulaanbadrakh soum, Zuunbayan soum, and the Zuuvch-Ovoo deposit. Second, a 100-kilometer power transmission line will be built from the aimag center to the mining site. Third, since the plant's camp will be located in Zuunbayan soum, a residential complex with a capacity of 1,000 workers will be constructed. Workers will be transported 30-40 kilometers daily from Zuunbayan to the deposit. Fourth, the Zuunbayan railway will be expanded. Finally, the processing plant itself will be established.
Since February, Badrakh Energy has been conducting international tenders for road and energy-related contracts, and the selection of participating companies is now being finalized. While foreign companies participated, two Zamiin Bitum LLC for the Mongolian firms road works and Enkh Ugluu LLC for the power project were ultimately selected.
Representing government and state ownership, Mon-Atom strongly advocated for prioritizing domestic companies wherever possible. Mongolian firms now have the full capability to independently manage road construction, power line installation, and building projects.
Where will the funding for the infrastructure development come from?
It will be fully financed by the French. A key feature is that no funds will be required from Mongolia. The main objective within the project framework is to construct a major processing plant with an annual capacity of 2,500 tons of uranium, which will rank among the top five such plants globally.
We are committed to ensuring that Mongolians-especially local residents-are employed during the construction phase. Contractor selection will be completed this year, and once the warm season begins next year, earthworks and site preparation will commence. 
Another important task is ensuring that the Investment Agreement becomes fully effective. To achieve this, the Shareholders' Agreement and the Mining License Agreement need to be updated.
The Shareholders' Agreement was originally established in 2013 and is endorsed by Mon-Atom on behalf of the Government of Mongolia. This administrative agreement defines how the Board of Directors (BoD) will operate and outlines its scope of responsibilities and activities.
Previously, the ownership structure was 34% for the Mongolian government and 66% for the French side, but it has now changed to a 10%-90% ratio. Mongolia has decided to reduce its stake from 34% to 10%, and the Shareholders' Agreement is being amended accordingly.
Won't reducing Mongolia's ownership share to 10% have negative consequences for our country?
The main advantage of changing the ownership ratio to 10:90 is that Mongolia will not incur any debts, losses, or interest payments. In return, Mongolia will receive 50% plus 1% of the project's monetary revenue benefits.
By reducing its ownership from 34% to 10%, the government will still collect 15-16 different types of taxes from the investor company. For example, the royalty tax (Natural Resource Use Fee) is set at 19%. When all taxes are combined, the total exceeds 50%, ensuring that the agreement aligns with the principles of the Constitution of Mongolia.
As a result, it has become necessary to revise the Shareholders' Agreement to reflect these changes.
Additionally, the Mining License Agreement, signed in 2016, also needs updating. This agreement governs the technical and operational aspects of extraction and production. Drafts of both agreements have now been completed by both parties and are nearly ready. They will soon be submitted to the Government for review. Since the Investment Agreement was signed last January, all related activities have been actively progressing.
Has the current political situation and disagreements among Parliament and Government officials had any negative impact on the project's operations?
Since the Investment Agreement has already been signed, we are proceeding strictly according to the implementation schedule. As the financing is fully provided by the investor, there is no risk of delays or interruptions. The work is progressing exactly as planned.
How many people are currently working on the project?
Currently, around 150 people are involved in the project. Of these, about 60 are based in the office, while more than 80 are working at the Zuuvch-Ovoo and Dulaan-Uul deposits. Badrakh Energy has established a Human Resources Department and is actively recruiting qualified personnel. By the time production begins in 2028, the project is expected to employ approximately 900 workers directly, with an additional 900 positions created through subcontractors, bringing the total workforce to around 1,800. Open job listings are regularly posted on Badrakh Energy's official website.
Uranium mining is a new sector for Mongolia. There was a uranium mine operating in Dornod aimag during the socialist era, but it was run by Soviet specialists.
The investor began preparing human resources as early as 2006-2007. Over the past decade, specialists have been trained in in-situ leach mining, chemical technology, radiation management, and other advanced fields. Mongolian professionals are also being trained and employed at Orano Mining in France.
Under a Cooperation Agreement with the Mongolian University of Science and Technology (MUST), young Mongolians are receiving education and technical training. $7.8 million has been allocated for training and developing personnel under this project.
This project is introducing new technologies and professions to Mongolia, which is highly positive. For example, the role of hydrochemist is entirely new to the country. In total, 13-14 types of specialists including those in nuclear radiation safety are now being trained in connection with the project.
Civil society organizations have voiced criticism over radiation safety in uranium mining, prompting public concern. What is the current status of establishing a national laboratory to address these concerns?
During the recent Mongolia-France Intergovernmental Commission meeting, both sides reaffirmed their commitment to supporting the establishment of a national laboratory to enhance transparency and public trust.
The Mongolian side is now responsible for defining the laboratory's capacity and areas of focus, and for developing a detailed project proposal. Specifically, the Mongolian side must determine the type of laboratory to be established operate in areas such as human and animal health, soil, water, air, and environmental monitoring. 
It was also agreed to include representatives from civil society organizations especially those who have voiced concerns or skepticism the committee responsible for establishing the laboratory, allowing them to directly observe and verify its findings.
We've heard that citizens are being given the opportunity to visit the project site in Ulaanbadrakh soum to learn about it firsthand. How many people have visited so far? 
Since the start of pilot production, local residents have been visiting the site to see the project firsthand.
To date, nearly all of the more than 1,500 residents of Ulaanbadrakh soum have visited the site. People tend to gain a clearer and more accurate understanding after seeing the operations for themselves. Fear often stems from the unknown but once individuals visit and learn about the process directly, they become better informed and view the project differently. Even now, those who still have doubts or concerns are being encouraged to join organized visits to the deposit area to see it with their own eyes.
The project is currently in its preparatory stage, with major infrastructure works about to begin. Although no extraction or industrial operations are yet underway, public information and awareness activities continue. The project is expected to run for 34 years. In the initial phase, annual production will be around 1,500-1,600 tons of uranium, eventually reaching 2,500 tons once full capacity is achieved. For comparison, Kazakhstan world's leading uranium producer about 15,000 tons per year, followed by Australia and Canada. Once operational, Mongolia's facility will rank among the world's top five or six uranium processing plants. 
How is the significance of Mongolia's uranium project increasing?
Uranium is a unique natural resource. First, only a small number of countries - just 13 worldwide have uranium reserves. Mongolia ranks 11th, holding about 2% of the world's total, or roughly 200,000 tons. Countries with the largest uranium resources include Kazakhstan, Australia, Canada, Russia, and China.
Second, uranium extraction requires highly advanced technology, which is currently mastered by only seven or eight developed nations. Third, uranium mining is a complex, technology-intensive process that differs greatly from the extraction of other minerals such as gold or copper.
The yellowcake produced in Mongolia will be transported to France for enrichment and used as nuclear fuel. France generates around 85% of its electricity from nuclear power and supplies energy to eight neighboring European countries.
The significance of this project extends beyond mining itself and Mongolia will play a crucial role in contributing to Europe's energy stability. This gives the project strategic importance for Mongolia's foreign policy and national security, in addition to its economic benefits. It will also enhance how European countries perceive Mongolia.
Previously, France sourced uranium from Niger and Kazakhstan. However, Niger experienced a coup two years ago, halting its uranium projects, while Kazakhstan's current deposits are expected to be depleted within about two years. Having fully mastered advanced uranium extraction technologies, Kazakhstan is now capable of independently implementing future projects.
In addition to domestic production, Kazakhstan has expressed interest in investing in and cooperating on uranium exploration and mining projects in Mongolia.
France is currently conducting uranium mining operations in both Uzbekistan and Mongolia. However, Uzbekistan's uranium reserves are less than 20% the size of Mongolia's Zuuvch- Ovoo and Dulaan-Uul deposits. This positions Mongolia as an emerging and important supplier of nuclear fuel for Europe.
During his state visit to Mongolia in 2024, Kazakhstan's President K. Tokayev proposed establishing cooperation in the uranium sector. Has this initiative been pursued?
Kazakhstan has been actively engaged in uranium mining since 1997 and has mastered advanced technologies, becoming one of the world's leading uranium producers. During President Tokayev's state visit, the two heads of state exchanged views and reached a mutual understanding, giving us a clear mandate to pursue cooperation. As part of the visit, Mon-Atom signed a Memorandum of Understanding with Kazakhstan's Kazatomprom to collaborate in uranium exploration and mining.
How do you assess the significance of this project, as Mongolia joins the ranks of the few uranium-producing countries in the world?
This project is the second major foreign- invested initiative in Mongolia after Oyu Tolgoi to move forward with concrete implementation. With 100% of the investment provided by the Orano Mining Group, the project is progressing according to plan, unaffected by domestic political fluctuations. Key provisions are clearly outlined in the investment agreement, allowing all preparatory work to continue as scheduled..

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Mongolia, India to Advance Strategic Partnership in Digital Development and Innovation www.montsame.mn

The Ministry of Digital Development, Innovation and Communications of Mongolia received Ambassador Atul Malhari Gotsurve of the Republic of India to Mongolia on December 4, 2025.
According to the Ministry, the meeting discussed ways to accelerate the implementation of the Memorandum of Understanding on cooperation in digital solutions, signed between the Governments of Mongolia and the Republic of India.
Ambassador Gotsurve noted that in India, cybersecurity oversight and regulation are carried out by the Central Bank, with professional organizations such as REBIT providing continuous 24/7 monitoring. He expressed readiness to share India’s experience in this area.
The sides also agreed to implement concrete initiatives aimed at strengthening cybersecurity, accelerating digital transformation, expanding public-private cooperation, and enhancing the exchange of expertise.

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Pope Leo meets with the President of Mongolia www.vaticannews.va

On 4 December 2025, His Holiness Pope Leo XIV received in audience the President of Mongolia, H.E. Mr. Ukhnaagiin Khürelsükh, at the Apostolic Palace in the Vatican. Following the audience, the President met with His Eminence Cardinal Pietro Parolin, Secretary of State of His Holiness, and the Reverend Monsignor Mihăiță Blaj, Under-Secretary for Relations with States.
During the cordial discussions at the Secretariat of State, the good relations between the Holy See and Mongolia were highlighted, with a shared desire to further develop these ties, particularly in the cultural field. The positive contribution of the local Catholic Church to Mongolian society was also noted, especially in the areas of education and healthcare.

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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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