1 GOVERNMENT TO FORMALLY APPROACH RIO TINTO, OYU TOLGOI TO SAFEGUARD NATIONAL INTEREST WWW.MONTSAME.MN PUBLISHED:2026/01/09      2 NON-COMPLIANT ADVERTISING BILLBOARDS TO BE REMOVED WWW.MONTSAME.MN PUBLISHED:2026/01/09      3 FROM TORONTO, CANADA TO PHU QUOC, VIETNAM: MONGOLIA’S BOLD 2026 AVIATION EXPANSION INCLUDES NEW FLIGHTS, VISA-FREE TRAVEL, AND AIRPORT UPGRADES! WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2026/01/09      4 MONGOLIA TO MARK 820TH ANNIVERSARY OF THE GREAT MONGOL EMPIRE WWW.MONTSAME.MN PUBLISHED:2026/01/09      5 PARLIAMENT SUPPORTS SOLAR GER INITIATIVE UNDER NEW REGULATORY REFORMS WWW.MONTSAME.MN PUBLISHED:2026/01/09      6 MONGOLIA TO PURCHASE 710 THOUSAND TONS OF GASOLINE FROM RUSSIA WWW.OPEN.KG PUBLISHED:2026/01/09      7 ULAANBAATAR TO INSTALL 11.7 KM OF STORM DRAINS AT 19 SITES WWW.MONTSAME.MN PUBLISHED:2026/01/09      8 BUILDING MONGOLIA'S NEW, OLD CAPITAL AT KHARKHORUM WWW.THEDIPLOMAT.COM PUBLISHED:2026/01/08      9 BACKED BY INDONESIAN TYCOON, THIS LISTED FIRM RUSHES TO ACQUIRE A MONGOLIAN MINE WWW.CNBCINDONESIA.COM PUBLISHED:2026/01/08      10 PREPARATORY WORK LAUNCHED TO BRING THE BORTEEG DEPOSIT INTO ECONOMIC CIRCULATION WWW.MONTSAME.MN PUBLISHED:2026/01/08      УЛААНБААТАРТ ӨНДӨР ТЕХНОЛОГИЙН ХОЁР ҮЙЛДВЭР БАЙГУУЛЖ, УСАН ХАНГАМЖИЙГ 80 ХУВИАР НЭМЭГДҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     ХУУЛЬ БУС ЭЗЭМШИЛД БАЙСАН 15 БАРИЛГА БАЙГУУЛАМЖИЙГ НИЙСЛЭЛД БУЦААН АВЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/09     МОНГОЛ УЛСАД 37 097 ГАДААД ИРГЭН ОРШИН СУУХ БҮРТГЭЛТЭЙ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     ҮСХ: 12 ДУГААР САРЫН ИНФЛЯЦ 7.5 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     2026 ОНД НИЙСЛЭЛД ХЭРЭГЖИХ ТОМООХОН БҮТЭЭН БАЙГУУЛАЛТУУД WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/09     ДУЛААНЫ ТАРИФ НЭМЭГДҮҮЛЭХ ШИЙДВЭРИЙГ ХОЙШЛУУЛЖ, 2027 ОНЫ НЭГДҮГЭЭР САРЫН 1-НЭЭС НЭМНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/09     НИЙГМИЙН ДААТГАЛЫН ӨР ТӨЛБӨРТ ТООЦОЖ, "КАПИТАЛ" БАНКНААС ХУРААСАН ХӨРӨНГИЙГ ДУУДЛАГААР ХУДАЛДАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     НИЙСЛЭЛИЙН 19 БАЙРШИЛД 11.7 КМ АВТО ЗАМЫН БОРООНЫ УС ЗАЙЛУУЛАХ ШУГАМ УГСАРНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/08     "БНХАУ-ЫН НЭГ КОМПАНИТАЙ ШАТАХУУНЫ ГЭРЭЭ БАЙГУУЛСАН" WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/08     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР “РИО ТИНТО-Д ХАТУУ ШААРДЛАГА ХҮРГҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/08    

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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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Government to Formally Approach Rio Tinto, Oyu Tolgoi to Safeguard National Interest www.montsame.mn

A temporary parliamentary investigative committee was established by the State Great Khural (Parliament) to oversee documents and activities related to safeguarding Mongolia’s interests and increasing the benefits derived from the exploitation of the Oyu Tolgoi group of deposits.
The committee organized an open hearing to examine evidence from December 8 to 12, 2025, and the parliament adopted a resolution instructing the government on follow-up measures to be taken. The temporary committee concluded that the Oyu Tolgoi Investment Agreement and the Shareholders’ Agreement do not fully meet Mongolia’s interests; that benefits to Mongolia have declined sharply due to cost overruns and the timeline for receiving dividends has been delayed; that Mongolia’s participation in decision-making has not been substantively ensured; and that the project lacks sufficient transparency.
At its regular session on January 7, 2026, the government discussed actions to implement the parliamentary resolution on measures to be taken following the special inspection and open hearings aimed at safeguarding Mongolia’s interests and increasing returns from the Oyu Tolgoi project. The government decided to formally approach the management of Oyu Tolgoi LLC and the investor Rio Tinto Group. The composition of the working group appointed by the government to conduct negotiations with the project’s investors has been renewed as part of efforts to implement the parliamentary resolution.
According to the Government Media and Public Relations Department, the government will raise a number of specific issues with Oyu Tolgoi LLC and the management of Rio Tinto Group within the framework of ongoing negotiations with the project’s investors. These include bringing the contractual terms into line with Mongolia’s national interests; clarifying the timeline for receiving dividends on the 34-percent state ownership; ensuring that shareholders benefit on an equal and fair basis; making financial reporting and project costs transparent and open; carrying out independent audits; substantively ensuring Mongolia’s participation at the decision-making level; and ensuring parliamentary oversight over project costs and financing.

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Non-Compliant Advertising Billboards to Be Removed www.montsame.mn

Across the capital, there are 496 permitted outdoor signs and advertising structures, as well as 250 installed without permits.
According to the Governor’s Office of the Capital City of Ulaanbaatar, the forced removal of advertising structures and billboards that fail to meet standards will begin next month. These include installations that are visually unappealing, compromise public safety, obstruct sightlines, block surveillance cameras, or are illegally placed in prohibited locations without authorization.
The city has also set the following requirements for outdoor signs and advertising structures:
Modern technological solutions must be used, with regular maintenance ensured to keep structures in proper condition.
Designs must align with the unified visual appearance of city streets and buildings.
Signs must not compromise the safety, structural integrity, or aesthetics of buildings.
Signage must be written in Mongolian; if English is used, it must appear below or after the Mongolian text and be no more than half its size.
A uniform design and size must be maintained for signs placed within the same space.
Logos of trademark-protected products must not be altered.
The total size of signage must not exceed 20 percent of the building facade.
Signs must have external or internal lighting, and integrated information boards displaying details of all institutions must be installed.

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From Toronto, Canada to Phu Quoc, Vietnam: Mongolia’s Bold 2026 Aviation Expansion Includes New Flights, Visa-Free Travel, and Airport Upgrades! www.travelandtourworld.com

As of January 7, 2026, Mongolia’s aviation sector is experiencing its most significant expansion in decades, as the country opens its skies to more direct international flights and modernized infrastructure. This growth is driven by the government’s “Years to Visit Mongolia” initiative, which aims to boost tourism and elevate Mongolia’s status as a global travel destination. Key milestones for 2026 include new long-haul flight routes connecting Mongolia with North America, Southeast Asia, and Europe, alongside a major expansion of Chinggis Khaan International Airport. The government’s strategic vision to enhance global connectivity is coming to life with several new aviation developments confirmed for this year.
What’s New in Mongolia’s Aviation Sector in 2026?
2026 marks a year of unprecedented growth for Mongolia’s air transport network. Significant efforts are underway to increase direct connectivity with international destinations, as well as enhance the country’s infrastructure and visa policies to support this expansion. Some of the most exciting developments include new international flight routes, upgraded fleets, and infrastructure improvements at the newly established Chinggis Khaan International Airport.
1. New International Routes
The launch of several flagship international routes is one of the key highlights of 2026. These new routes are expected to increase direct connectivity between Mongolia and major global markets.
Toronto to Ulaanbaatar (Air Transat): A historic development for Mongolia’s aviation sector is the confirmation of direct flights between Toronto (YYZ) and Ulaanbaatar (UBN), set to commence in June 2026. This route, operated by Air Transat, will be the first direct link between Canada and Mongolia, offering two flights per week on Thursdays and Sundays. The Airbus A321LR, configured with Club Class and Economy, will serve the route. The flight duration will be approximately 13 hours and 30 minutes, cutting down the previous 25-hour journey via other connecting hubs like Seoul or Istanbul.
Singapore Connectivity (MIAT Mongolian Airlines): MIAT Mongolian Airlines has upgraded its Ulaanbaatar–Singapore route to a year-round service. Starting in early 2026, the airline will deploy the Boeing 787-9 Dreamliner on the route to cater to growing demand. This is a major milestone for the carrier and underscores the increasing demand for connections between Mongolia and Southeast Asia.
Vietnam Expansion (Hunnu Air): After successful charter trials, Hunnu Air is set to expand its services to Vietnam in 2026. Scheduled flights will operate to popular tourist destinations like Phu Quoc and Nha Trang. The airline is responding to a surge in demand for leisure travel between Vietnam and Mongolia, especially for winter and spring seasons.
China and Regional Growth: In line with the “Air Silk Road” initiative, MIAT and Hunnu Air are increasing flight frequencies to key cities in China, including Beijing, Shanghai, and Hohhot. This move is expected to strengthen regional air links and foster greater trade and tourism between Mongolia and its neighboring countries.
2. Airport Infrastructure Expansion
Chinggis Khaan International Airport, which opened in 2021, is undergoing a significant expansion to accommodate the growing volume of passengers. The expansion project, authorized by the Mongolian government, aims to increase the airport’s annual capacity beyond the current limit of 2 million passengers.
Terminal Expansion Project: The expansion will include new facilities and an upgraded terminal to handle the increasing flow of international travelers. The project is part of the government’s broader effort to enhance Mongolia’s tourism infrastructure and meet the demands of the growing aviation sector.
Digital Integration: In line with global trends, Chinggis Khaan International Airport is implementing new technology to streamline passenger services. By mid-2026, the airport will introduce Smart Gate technology and digital arrival cards. This will replace traditional paper forms, making the customs process smoother for international travelers.
3. Policy and Visa-Free Travel
Mongolia is also enhancing its appeal to international visitors by extending the visa-free travel policy for several countries. This initiative is expected to increase the number of inbound tourists and improve Mongolia’s overall accessibility.
Visa-Free Travel Extension: In a major policy shift, the Mongolian government has extended its visa-free travel regime until December 31, 2026. Citizens of 34 countries, including most European nations, Australia, and New Zealand, will be able to visit Mongolia for up to 30 days without needing a visa. South Korean nationals are also granted an extended 90-day visa-free stay throughout 2026.
Streamlined Entry: Alongside the visa-free policy, travelers will benefit from the new digital arrival card system, which will be mandatory for international visitors by mid-2026. This system is designed to eliminate long queues at the airport and expedite the entry process.
4. Fleet Modernization
To keep pace with the growing number of international flights, Mongolia’s national carriers are modernizing their fleets. The updates are part of the “Soaring Skies” strategy, which aims to enhance Mongolia’s global connectivity.
MIAT Mongolian Airlines: MIAT has expanded its long-haul fleet by adding more Boeing 787-9 Dreamliners. These state-of-the-art aircraft will be used on long-haul routes to Europe and the newly launched Toronto route.
Hunnu Air: The airline is expanding its fleet by incorporating more Embraer E190 aircraft. These regional jets will help Hunnu Air expand its services to regional hubs in Central Asia and Western China, enabling more frequent and efficient connectivity.
5. Additional Flight Updates
In addition to the flagship routes, several other key updates are planned for 2026:
United Airlines (Newark to Ulaanbaatar): United Airlines will resume its seasonal non-stop service from Newark (EWR) to Ulaanbaatar (UBN) starting April 30, 2026. This will further enhance connectivity between Mongolia and the United States, particularly for travelers from the New York metropolitan area.
MIAT’s Year-Round Service (Singapore & Istanbul): As of January 2026, MIAT Mongolian Airlines has upgraded its Singapore route to year-round service. The carrier has also made similar changes to its Istanbul route, ensuring more consistent service on key international routes.
2026 Aviation Milestone Table
Event Date Impact
Air Transat Launch June 2026 First direct non-stop flight from Canada.
Visa-Free Extension January 2026 Covers 34 countries for the full year.
Digital Arrival Cards Q2 2026 Full transition to paperless immigration.
San Francisco Service Late 2026 Pending FAA Cat 1 certification (Targeted for Q4).
Conclusion: Why 2026 Is the Year to Visit Mongolia
Mongolia’s aviation expansion in 2026 marks a pivotal moment for the country’s tourism and global connectivity. The launch of new international routes, the modernization of fleets, and the strategic extension of the visa-free regime all signal the country’s growing ambition to become a leading tourist destination. As these developments unfold, travelers around the world can expect more accessible, efficient, and exciting travel options to Mongolia than ever before.
With direct flights from cities like Toronto, Singapore, and Newark, alongside improved infrastructure and digital innovations, Mongolia is well-positioned to welcome millions of visitors in the coming years. Whether you’re a first-time traveler or returning to explore more of Mongolia’s vast landscapes and rich history, 2026 is the year to experience everything this unique destination has to offer.

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Mongolia to Mark 820th Anniversary of the Great Mongol Empire www.montsame.mn

At its regular session on January 7, 2026, the government approved the composition of a working group tasked with coordinating preparations for the 820th anniversary of the founding of the Great Mongol Empire by Chinggis Khaan, to be commemorated in 2026.
As part of the anniversary commemoration, a wide range of nationwide activities will be organized to promote the history of the Great Mongol Empire, with events designed for different age groups. The theme and content of the anniversary will be prominently incorporated into the National Naadam festival program. Historical and cultural heritage content of the Great Mongol Empire will also be promoted internationally through Mongolia’s diplomatic missions abroad.
The working group will be chaired by Deputy Prime Minister and Chair of the National Naadam Organizing Committee Gankhuyag Khassuuri, and will include representatives of the State Great Khural, the government, and officials from relevant ministries, agencies, and other public institutions.

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Parliament Supports Solar Ger Initiative Under New Regulatory Reforms www.montsame.mn

 Under the Parliament Speaker’s “Choloolye” red-tape reduction initiative, Mongolia is streamlining approval procedures that previously required up to 15 procedural steps and an average of one year for a single household to install a solar panel. A Parliamentary Resolution formalizing these reforms was adopted last month.
Aligned with the 2026–2030 National Development Policy, the Investment Program, and the Government’s 2024–2028 Action Program, a flagship policy under this reform is the “100,000 Solar Gers” Initiative, which aims to equip 100,000 ger-area households by 2035 with integrated solar panels, electric heating, and battery storage systems.
The initiative applies a multi-step, systems-thinking approach that addresses not only technology selection and feasibility, but also:
simplified grid connection for solar and battery systems of up to 20 kW, using standardized designs without the need for individual technical specifications;
quarterly payments for surplus electricity supplied to the grid;
grid connectivity and related technical bottlenecks;
monitoring, reporting, and verification (MRV) systems and access to carbon markets; and
blended financing solutions tailored to different household income levels.
To fast-track implementation, Chingeltei district has been selected as a regulatory sandbox, enabling streamlined permitting, grid connection, financing, and implementation models to be tested and scaled over the next two years.
The initiative marks a concrete shift toward a low-carbon, people-centered energy transition - cutting bureaucracy, improving air quality, and transforming households into clean-energy producers.

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Mongolia to purchase 710 thousand tons of gasoline from Russia www.open.kg

The Deputy Minister noted that this month an agreement was confirmed with the Russian oil refinery in Angarsk. He also added that the consumption of petroleum products in Mongolia increases by about 30% annually. Despite the fact that supplies from Russia remain stable, it was decided in January to increase the volumes by 60%.
As of January 5 of the current year, the supply of petroleum products in Ulaanbaatar is at a stable level. The ministry has begun work on accumulating a 20-day supply of AI-92 and AI-95 gasoline. There are no issues with diesel fuel supplies, and its volume at the beginning of 2026 is 197 thousand tons.

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Ulaanbaatar to Install 11.7 km of Storm Drains at 19 Sites www.montsame.mn

This year, the Geodesy, Water, and Construction Facilities Authority Municipality-Owned Enterprise will install 11.7 kilometers of road stormwater drainage networks at 19 locations in the capital city, funded by the Ulaanbaatar city budget.
According to the Governor’s Office of the Capital City of Ulaanbaatar, as part of works at the Selbe and Sharkhad sub-centers, 7.2 kilometers of groundwater drainage networks will be installed at two locations. The following works are also planned:
·         In the territory of Khoroos 13 and 14 of Sukhbaatar district, construction will begin on a five-tier water reservoir system with a capacity of 1.3 million cubic meters, covering a 21.7-hectare floodplain area, to store floodwaters of the Selbe river.
·         At 28 locations, 48,000 cubic meters of silt and sediment will be removed from flood protection facilities to ensure normal operation of flood channels.
·         Cleaning works will be carried out on 4,034 catch basins and 4,171 inspection manholes along 217 kilometers of road, stormwater, and groundwater drainage networks across six districts of the capital.

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Building Mongolia's New, Old Capital at Kharkhorum www.thediplomat.com

Mongolia wants to resurrect the ancient capital of the Mongol Empire as a modern-day urban hub.
Mongolia is pursuing an ambitious initiative to move its capital, Ulaanbaatar, to Kharkhorum (also known as Karakorum) – the ancient capital of the Mongolian Empire. Mongolia’s rapid urbanization has reached its peak, with one-third of the country’s population dwelling in the capital. A new capital might help solve some of the challenges of overcrowding and attract modern talents and investments. 
Mongolia’s capital, Ulaanbaatar, is known as one of the highest and coldest capitals in the world. Surrounded by four sacred mountains, Ulaanbaatar has been the symbol of modern Mongolia for decades. The capital was and still is a place for nomads to seek opportunities and a modern way of life. 
However, in the last several decades, Ulaanbaatar’s size has tripled, surpassing what the city’s infrastructure could handle. Despite efforts to decentralize the capital, the mayor’s offices – the current and previous administration – have been stuck playing catchup. One of the solutions to this challenge is to move the capital to Kharkhorum.
Across Asia, several other countries are moving their capitals in an attempt to address overcrowding and unbalanced regional development. Indonesia, for example, is building a new capital at Nusantara on Borneo Island. The presidential office relocated there in 2024. 
South Korea is also heading toward relocating its administrative capital to the historic city of Sejong. President Lee Jea-myung vowed to relocate the presidential office to Sejong, hoping to create a more balanced society.  
In 2022, Mongolian President Khurelsukh Ukhnaa passed a decree to restore Kharkhorum as the capital. The city, located 230 kilometers southwest from Ulaanbaatar, is famous as the historic capital of the Mongol Empire. The move to revive Kharkhorum will require both domestic and foreign talents and investors. If implemented efficiently Mongolia could create a new city, with much more modern elements while encapsulating its deep historic roots. 
Mongolia’s once-and-future capital, Kharkhorum, and the current capital of Ulaanbaatar. Via Google Maps.
Kharkhorum once represented a melting pot, linking the Eurasian steppes to the farflung corners of the Mongol Empire, from the Pacific to the Persian Gulf and even eastern Europe. Songs, poems, and anecdotes from the time about the liveliness of the ancient capital during its heyday in the 13th century. Kharkhorum hosted merchants and artisans from the East and the West; Christian missionaries, Muslim scholars, and Buddhist monks lived side-by-side. Archival documents mention Buddhist temples, Islamic mosques, pagan temples, and Christian churches in Kharkhorum. Today, one of Mongolia’s oldest surviving Buddhist temples, Erdene Zuu, is found in Kharkhorum.
Kharkhorum was initially built as a military base campground, given its large land space. The city was then transformed into a cosmopolitan hub for political and economic affairs. In 1235, under Ogedei Khan, Chinggis Khaan’s son and successor, Kharkhorum became a walled capital. 
According to historians, Kharkhorum was eventually neglected and lost its power after Khublai Khan – the grandson of Chinggis Khaan – decided to move the Mongol capital to Khanbaliq (modern day Beijing), to gain more direct access to diverse trade routes. 
Later, as Khublai Khan’s Yuan dynasty came to end, in 1388, forces from the Ming dynasty destroyed the capital and it has been in ruin since. Kharkhorum’s ruins remain a vital historic site for the Mongol Empire. The ancient city showcases modern Mongolia’s approach toward protecting cultural heritage, increasing tourism, and expanding international partnerships in specifically reviving archeological findings. 
Given Kharkhorum’s deep historical relevance and its role in the Mongol national identity, the government has registered the Orkhon Valley Cultural Landscape – which includes Kharkhorum – as a UNESCO World Heritage Site. 
In today’s Mongolia, Ulaanbaatar has engulfed the vast majority of financial and human resources, given the extreme centralization. The New Kharkhorum project will create new opportunities for development and modernization. The Mongolian government has dedicated 189 hectares of area for the special project. Construction has already begun and major cooperation agreements with Mongolia’s international partners are underway.
In 2024, Mongolia registered 428 teams from 54 countries to compete to showcase an urban concept for the development of New Kharkhorum. Teams from China, Italy, Mexico, Singapore, Russia, Turkiye, Bangladesh, and 18 other countries joined the competition. 
The winning team was a consortium of Chinese state-owned companies, with a design “aimed at creating a new green, cultural, resilient and happy city,” according to China State Construction Engineering Corporation. China is already investing in the New Kharkhorum project, particularly in road and bridge construction and engineering.
Member of Parliament Dr. Bum-Ochir Dulam, who is also a professor of anthropology, stressed the importance of welding old and new together in Kharkhorum. “Imagine people going there and understanding the history of humankind,” he said in an interview. “This is why we are restoring it.”
According to the administration of former Prime Minister of Oyun-Erdene Luvsannamsrai, “As part of the city’s master plan, it is envisioned to establish a residential area accommodating 500,000 people, a 4E-class international airport, an agricultural cluster, a 4,800-hectare transport and logistics center, and a 2,450-hectare tourism zone around Lake Ogiinuur.” 
The relocation of the capital will require approximately $30 billion. The mayor of Kharkhorum Khaltar stated that the reconstruction of the city will use modern tools, merging Mongolia’s historical identity with modern, smart, digital, and green urban concepts. 
The planned new capital may become Mongolia’s first nuclear-powered city, with assistance from Russia’s Rosatom to build small modular reactors (SMRs). In 2024, during Russian President Vladimir Putin’s state visit to Mongolia, Putin mentioned Russia’s possible assistance in diversifying Mongolia’s energy with small scale nuclear power plants. The deputy chairman of Mongolia’s parliament, Purevdorj Bukhchuluun, stated that if Mongolia were to start the nuclear-power project today, “in 10 to 15 years, we would have solved our energy issue.” 
As Mongolia makes a bold move to relocate its capital, diverse cooperation opportunities will arise. In establishing the New Kharkhorum City, Mongolia’s tech-savvy partners – not only China but Japan and South Korea – will play a major role in investment, introducing modern urban planning and development. If implemented successfully and efficiently, the New Kharkhorum City can be a major boost to the country’s investment portfolio, urbanization, and economy.
By Bolor Lkhaajav

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Backed by Indonesian Tycoon, This Listed Firm Rushes to Acquire a Mongolian Mine www.cnbcindonesia.com

PT Techno9 Indonesia Tbk (NINE) is planning to acquire mining assets in Mongolia following the entry of Poh Group as the company’s controlling and majority shareholder. NINE Director Nuzwan Gufron explained that the acquisition will be carried out entirely through a Rights Issue mechanism, formally known as a Pre-emptive Rights Issue (PMHMETD), without using internal cash reserves or external financing from banks or third parties.
He stated that the company aims to submit the PMHMETD Registration Statement no later than the second quarter of 2026, as disclosed in an official filing with the Indonesia Stock Exchange (IDX) on Wednesday (January 7, 2026).
According to Nuzwan, the injection of Mongolian mining assets into NINE has become Poh Group’s primary focus. Meanwhile, plans to acquire coal mining assets in Indonesia are still under evaluation and have not yet been finalized.
He added that Poh Group will provide further disclosure should there be any progress regarding potential mining acquisitions in Indonesia, in accordance with applicable regulations.
Previously, NINE secured an option right to acquire mining assets in Mongolia for a period of 12 months. These assets are currently owned by Poh Golden Ger Resources Pte Ltd (PGGR), an entity affiliated with the company’s controlling shareholder.
The indicative value of the assets is estimated at around US$100 million, or approximately Rp1.6 trillion, although an independent valuation is still required to determine the final price. PGGR currently operates both open-pit and underground mines, with total assets valued at approximately US$500 million and a workforce of more than 1,000 employees.

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Preparatory Work Launched to Bring the Borteeg Deposit into Economic Circulation www.montsame.mn

The Government of Mongolia established a working group to ensure preparations for bringing the Borteeg section of the Tavan Tolgoi coal deposit cluster into economic circulation and to select an investor.
In bringing the Borteeg deposit into economic circulation, the Government will solicit proposals from investors transparently and openly, determine coal prices in accordance with market principles, ensure that the majority of the project’s benefits accrue to Mongolia, promote value-added construction and product manufacturing, and organize all stages of the process openly and transparently.
Accordingly, an international open call for expressions of interest will be announced on January 9 to assess investor interest at the initial stage.
Once the project is implemented, the benefits derived by citizens from natural resources will increase, the National Wealth Fund will expand, and the necessary financial resources will be formed to address pressing social and economic challenges.
A technical and economic feasibility study for the Borteeg deposit was prepared in 2020, and detailed exploration in accordance with the JORC standard was conducted. The updated bankable feasibility study is scheduled for completion in the first quarter of this year.
The license area held by “Erdenes Tavan Tolgoi” JSC includes strategically important sections of the Tavan Tolgoi coal deposit cluster, namely Tsankhi, Bortolgoi, Onchkharaat, and Borteeg.

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