1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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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Russian oil sales to China surge dramatically www.rt.com

For the fifth consecutive month, Russia remains China's top crude oil supplier with July shipments up 54 percent year-on-year.

China bought 4.97 million tons, or about 1.17 million barrels of oil per day (bpd) from Russia last month, according to the General Administration of Customs.
For the first seven months of the year, Russian crude sales to China surged nearly 16 percent year-on-year to 34.22 million tons, or 1.18 million bpd.
Beijing’s second largest supplier is Saudi Arabia with 940,000 bpd. Saudi supplies to China are down 0.8 percent compared to the same period last year.
Shipments from Angola, China's third-largest supplier, fell 17.1 percent from a year earlier to 921,520 bpd.
The most significant increase in oil supplies to China was from Malaysia (+ 889 percent), Azerbaijan (+ 193.3 percent) and Mexico (+ 102.7 percent).
However, the import share of these countries remains small, as only Malaysia is in the top 15.
China has also started buying crude from the United States. Imports from the US totaled 174,000 bpd in July.
Global oil prices fell on Wednesday, as investors are worried about increasing supply from Libya. Brent was down 0.4 percent at $51.64 per barrel, while the US WTI slid 0.31 percent to $47.68.
Production from the Sharara oil field, which is crucial for Libyan output, recently reached 280,000 bpd but closed this week due to a pipeline problem. The field restarted production at least once on Tuesday, according to Reuters.
Despite the setback, Libya has propped up production to above one million bpd in late June, which is 400 percent up since last summer.

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Presidents of Turkmenistan and Mongolia discussed prospects for cooperation in a telephone call www.tdh.gov.tm

A telephone call took place between the President of Turkmenistan Gurbanguly Berdimuhamedov and the President of Mongolia Khaltmaagiin Battulga.

Taking this opportunity, the head of the state once again warmly and cordially congratulated the Mongol leader on convincing victory in the elections and the assumption of the office of the President of Mongolia, wishing him good health and achieving all his goals at the highest state post.

President Khaltmaagiin Battulga, in turn, thanked President Gurbanguly Berdimuhamedov for congratulations and good wishes, stressing that Mongolia is especially interested in strengthening and expanding relations with friendly Turkmenistan.

During the talk, the interlocutors stressed the traditionally friendly nature of the relationship, built on the equal, constructive basis and with great potential. The heads of the two states marked the trade and economic sphere among the priority areas of cooperation and spoke in favor of establishing productive ties in various sectors, as well as in the business sector.

Highly assessing the prospects of Turkmen-Mongolian ties in the political, economic and cultural-humanitarian spheres, it was emphasized that this year marks the 25th anniversary of the establishment of diplomatic relations between Turkmenistan and Mongolia. Confirming the readiness of the sides to continue steadily developing friendly relations and fruitful cooperation, Presidents Gurbanguly Berdimuhamedov and Khaltmaagiin Battulga agreed on approaches to further strengthening the traditional interstate relations.

President Gurbanguly Berdimuhamedov invited President Khaltmaagiin Battulga to visit Ashgabat for the Opening Ceremony of the 5th Asian Indoor and Martial Arts Games, stressing that the Mongol leader will always be a welcome guest of our country.

The telephone call was on the initiative of the Mongolian side.

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Mongolia Tops Asia Dollar Bond Returns With 18% Gain www.bloomberg.com

A bailout by the International Monetary Fund can be a winner for bond investors. Dollar notes from Mongolia and Sri Lanka, both in IMF programs, are handing debt investors the highest returns so far this year among developing Asian nations, according to Bloomberg Barclays Indexes. AllianceBernstein LP is holding on to its Mongolian sovereign notes, citing positive fundamentals for the economy with a rebound in coal prices and the importance of IMF support, according to Brad Gibson, a fixed-income portfolio manager in Hong Kong at the global investment firm.

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Mongolia - Russia MFA consultative meeting held www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministries of Foreign Affairs of Mongolia and the Russian Federation carried out their consultative meeting in Ulaanbaatar.

At the meeting co-chaired by D.Davaasuren, State Secretary of the Mongolian Ministry of Foreign Affairs; and I.V.Morgulov, Vice FM of Russia, the parties shared specific views on the bilateral political and economic relations and cooperation. They considered preparation works for the President’s participation in the Eastern Economic Forum scheduled on September 4-8 in Vladivostok, a realization of a middle-term program on the Mongolia-Russia strategic partnership ties and outcomes of the 20th meeting of the intergovernmental commission.

The sides expressed the satisfaction with an increase of the bilateral trade turnover which saw a decline in last two years, and then emphasized the countries are able to widen the commercial and economic ties.

Regional cooperation plays a vital role in the Mongolia-Russia relations, the countries noted, and considered as necessity to facilitating a border accessing process and broadening the inter-boundary and economic collaboration. The parties also said the countries have to renovate the Ulaanbaatar Railway Joint Venture, to upgrade its operation and to maximize the transit transport.

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Mongolia Launches New Social Media App…for Horse Owner www.wideopenpets.com

This new app solves a real world problem for Mongolian horse breeders and herders. 

Mongolia has a long and storied history with horses, and Mongolians are still big on breeding and owning horses today. However, owning so many equines makes it hard to keep track of all of them. That’s why a team of Mongolian mobile developers designed an iOS app, called Уяач (“seller”), to help.

While many picture Mongolia as a remote and rural country, most Mongolians actually live in urban areas, and its capital, Ulaanbaatar, abounds with coworking spaces, hackathons, and startup accelerators. However, beyond the cities, modern-day nomads still raise goats, sheep, cattle yaks and horses the same way that their ancestors did.

Horse racing is one of the most popular pastimes for both groups, however when it comes to breeding and selling race horses, a lack of proper records often becomes problematic during sales transactions.

That’s where Уяач comes in. The app helps horse owners document their animals by allowing them to upload photos of each horse, as well as data on their lineage, racing history, age, sex, and health conditions. Best of all, it can be used even when there’s no cell service, which is a common issue for herders working in remote areas.

It also provides an online community for Mongolia’s estimated 50,000 die-hard horse racing fans, allowing them to follow their favorite horses.

In an interview with Motherboard, Artur Byambadorj, one of the app’s creators, said:

“We see the app as an important tool for herders, and also a news source for racing fans … We want it to become the Facebook for herders that they will use daily.”

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Cabinet authorizes two industrial & technology park projects www.montsame.mn

Ulaanbaatar /MONTSAME/ The Cabinet approved two proposals regarding establishment of industrial & technology parks.

During its regular meeting on August 23, Wednesday, the Cabinet issued five-year permissions to ‘Darkhan Industrial and Technology Park’ LLC to build an industrial & technology park in Darkhan-Uul aimag, and to ‘Erdenet Technopark’ LLC in Orkhon aimag.

The projects will help develop competitive and innovative technology-based industry, create jobs for the unemployed, supply eco-friendly final products to domestic and foreign markets, develop export-oriented production, and support local development, the Cabinet sees.

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Mongolian lawmakers call on prime minister to resign www.abcnews.go.com

A bloc of lawmakers from Mongolia's ruling political party called on the prime minister to resign Wednesday, accusing him of abusing his position by allegedly handing government contracts for roads and other projects to politically connected businesses.

The 30 members of the State Great Hural from the Mongolian People's Party alleged in a statement Wednesday that Jargaltulga Erdenebat violated parliamentary procedure by signing seven contracts worth the equivalent of about $328 million.

Erdenebat, in office since 2016, is also accused of distributing millions of dollars in cash payments to families with children ahead of a presidential runoff election on July 7, in an apparent attempt to win votes for the ruling party's candidate, who lost.

"It's time to clean up the Mongolian government," said Garamjav Tseden, a wealthy businesswoman and MPP lawmaker. "I'm not standing against the government because of my personal interest," she said.

The MPP has 65 seats in the 76 member Great Hural, with the opposition Mongolian Democratic Party and independents sharing the remainder. Opposition lawmakers are expected to support the resignation demand, which can be followed by a vote of no confidence if the prime minister refuses to leave.

Mongolia, a landlocked country of 3 million, boasts vast mineral wealth but has struggled in recent years to court foreign investment due to plunging commodity prices and high-profile disputes between the government and large investors such as mining giant Rio Tinto.

The government has also been weighed down by a national debt of about $23 billion, or twice annual economic output, and recently obtained a $5.5 billion bailout led by the International Monetary Fund.

In July, Mongolia elected populist business tycoon and ex-judo champion Khaltmaa Battulga of the Democratic Party as its new president. He edged out his establishment opponent, Miyegombo Enkhbold of the MPP, in the runoff election.

The contracts called into question are for roads and power transmission equipment, including substations for the mining industry. Companies granted the contracts include ones connected to the families of three members of the Cabinet. Other beneficiaries include MPP politicians, among them Erdenebat, who received funding to build roads in his constituency.

Erdenebat could not immediately be reached for comment and calls to the government spokesman's office rang unanswered on Wednesday.

Dale Choi, an analyst at Altan Bumba Financial Group, said the fate of the prime minister should have little impact on the IMF bailout or plans to drive the economy.

The move to oust Erdenebat appeared to be part of "deck clearing" following the MPP's loss in the presidential election, while his likely replacement could show bolder leadership on the economy, Choi said in a research note.

"In short term, Gov't of Mongolia instability will not be comforting to investors, but in longer term it actually healthy development for MPP," he said. The party "desperately needs at this stage to reinvent its image and reform" and distance itself from corruption, he said.

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US$ 120 million deal for Sainshand wind farm in Mongolia reaches financial close www.ebrd.com

The Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a US$ 120 million project financing package from a group of international investors and financiers.

Located 460 km south-east of Ulaanbaatar in the Gobi Desert, Sainshand Salkhin Park LLC is sponsored by French energy leader ENGIE, German project developer Ferrostaal, Danish Climate Investment Fund (DCIF) and Mongolian entrepreneur, Radnaabazar Davaanyam, with long-term financing provided by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

The lenders have agreed to provide a total project financing of US$ 78.5 million, which comprises EIB funding of US$ 47 million, of which the first tranche will be guaranteed by EKF, Denmark’s Export Credit Agency, with NORD/LB acting as agent; and EBRD funding of US$ 31.5 million.

Once operational, the new Sainshand wind farm will make a significant contribution to reducing Mongolia’s carbon emissions and cater for an expected increase in power demand in the country. The scheme will significantly enlarge Mongolia’s renewable energy capacity and help the government to achieve the goal of renewable energy accounting for 20 per cent of all power by 2020, and 30 per cent by 2030.

The Sainshand wind farm will be built by China Machinery Engineering Corporation (CMEC) as the engineering, procurement and construction (EPC) contractor, and will use 25 Vestas V110 2.2 MW turbines to deliver up to 55 MW of clean energy that will save an estimated 200,000 tonnes of carbon emissions. Construction at the site is expected to start later this summer and be completed before the end of 2018. It follows three years of wind surveys to measure the high-yield winds in the area. The average wind speeds per second at the site are ideal for onshore wind energy.

The project has been developed in consultation with the local communities and a detailed environmental impact assessment has been approved by the relevant national authority. Financing has been agreed following preparation of a comprehensive environmental and social management system compliant with international standards such as those of the EBRD, EIB, International Finance Corporation (IFC) and the Equator Principles.

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ENGIE to develop its first renewable project in Mongolia www.engie.com

ENGIE will build and operate the Sainshand wind farm in Mongolia, its first renewable project in the country, located in the Gobi desert. This project, which is the third privately financed farm in Mongolia, will support the government’s objective to evolve towards a greener economy and a better environment. A USD 120 million project financing package has recently been signed by a group of international investors and financial institutions to develop the project.

The Sainshand wind farm will have a total installed capacity of 55 MW and will provide the equivalent of the electricity consumption of 130,000 people in Mongolia. Construction – which will be overseen by Tractebel, ENGIE’s engineering arm – will start this summer, with commissioning of the plant in the second half of 2018.

Once operational, the farm will make a significant contribution to reducing Mongolia’s carbon emissions and cater for expected increased power demand in the country. The scheme will enlarge Mongolia’s renewable energy capacity and help the government to achieve its goal of renewable energy representing 20% by 2020 and 30% of all power by 2030.

Paul Maguire, CEO of ENGIE Asia-Pacific, said: “ENGIE’s ambition is to provide energy access-for-all through clean and renewable energy sources, especially to developing communities. Mongolia is facing an energy challenge due to increasing demand from industrialization and urbanization. As our first renewable energy project in Mongolia, ENGIE’s investment in the Sainshand wind farm is consistent with our vision of leading the global energy transition, and the drive for decarbonisation will significantly contribute to powering the country’s energy needs in a sustainable way.”

The Sainshand wind farm, located 450 km south-east of Ulaanbaatar nearby the Sainshand City, capital of Dornogobi Province, will boost the local and national economy through job creation, fiscal contributions and the supply of clean energy.

The project has been developed in consultation with local communities and a detailed environmental impact assessment has been approved by the relevant national authorities. Financing has been agreed following preparation of a comprehensive environmental and social management system compliant with international standards such those of the EBRD, EIB, International Finance Corporation (IFC) and the Equator Principles.

The ENGIE Group is the largest independent electricity producer in the world with 112.7 GW of installed capacities, of which 20% from renewables. It aims to reach a 25% contribution from renewables to its global energy generation portfolio in 2020.

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Mongolia working to clear backlog of coal trucks at China border: foreign ministry www.reuters.com

ULAANBAATAR (Reuters) - Mongolia is working to clear up delays at the Chinese border that have disrupted trade and created a traffic jam of coal trucks stretching more than 100 km (62 miles), the country's foreign ministry said during a press briefing on Wednesday.

The landlocked northeast Asian country has become one of China's biggest coal suppliers this year following a ban on imports from North Korea and restrictions on deliveries to some smaller Chinese ports.

But a backlog led to the queue of trucks on the main road to China, with customs clearance at the Gants Mod border crossing said to be taking as long as a month, up from the normal period of two weeks, according to Mongolia's official Montsame news agency.

"There was a problem at the border, so at the end of July and beginning in August, there were 400 to 500 trucks passing through the border gate," said D. Davaasuren, state secretary for the Ministry of Foreign Affairs, at the briefing, without giving more detail.

Davaasuren said Mongolia had discussed the matter with Chinese officials and around 990 trucks entered China from Mongolia on Tuesday, closer to normal levels.

Last week, the country mobilized to improve carrying capacity at border checkpoints and also promised to negotiate with Chinese officials to ease the bottleneck, Montsame reported.

Coal trucks were forced to wait two or three days before they were even permitted to unload for inspections at the border, according to the website of Chinese industry consultants sxcoal.

Though Mongolia is currently upgrading its detection equipment at border crossings, an official familiar with the situation rejected claims that the delays were caused by technical problems. The official said operations at the border might have been disrupted as a result of lower staffing levels during Mongolia's traditional summer Naadam festival.

China's General Administration of Customs said on Wednesday that 2.26 million tonnes of non-lignite Mongolian coal were imported in July, up 32.4 percent from a year ago.

Mongolia has been China's third-biggest source of coal imports over the first seven months of this year, with total shipments reaching 20.85 million tonnes, up 73 percent compared to last year.

With a long-awaited railway connection still unfinished after investment dried up, all coal from mines in Mongolia's Umnugovi province abutting China are delivered to the border via one single highway, making it vulnerable to disruptions.

Exporters of other commodities have not reported any issues at the border. Copper shipments from the Oyu Tolgoi mine run by Anglo-Australian miner Rio Tinto, which uses the same road and border crossings for exports, have not experienced any new delays, an official at the mine told Reuters.

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