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    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Cabinet considers bilateral treaties with Hong Kong and Macau www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on April 26, Wednesday, the Cabinet addressed the issue of transfer of sentenced persons with Macau and Hong Kong, and resolved to discuss the issue with the corresponding Parliamentary Standing committee.
 
Mongolia has a bilateral treaty on mutual legal assistance on civil and criminal matters and transfer of sentenced persons and offenders with the People’s Republic of China; however this agreement isn’t effective in Hong Kong and Macau, Special Administrative Regions of the People’s Republic of China.
 
Considering the increased travel of Mongolians and involvement in criminal activities in these regions, the Cabinet thus discussed the issue of establishing treaties with Hong Kong and Macau on transfer of sentenced persons and offenders and legal assistance, and decided to consult with the corresponding standing committee.
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Steelmakers continue capacity cuts www.chinadaily.com

China's steelmakers need to press ahead with capacity cutting and deleveraging, despite the sector's strong performance in the first quarter of the year, an expert said.

Gu Jianguo, executive vice-chairman of the China Iron and Steel Association, said the entire industry needs to remain sober about the latest favorable results, as there is still not a solid foundation for the sector to realize sustainable returns.

Steel companies should continue to avoid "near-sighted behavior", and avoid expanding output blindly, Gu said at a news conference on Wednesday.

Industry data showed that steelmakers' output and profits increased in the first three months.

Between January and March, total crude steel output grew by 4.6 percent year-on-year, with the average daily output in March reaching a record high, according to the CISA.

In the same period, combined profits among CISA's members amounted to 23.3 billion yuan ($3.4 billion), compared with losses of 8.75 billion yuan last year.

The three-month statistics, however, are insufficient to forecast the trend for the entire year, Gu said. "More observations are necessary on steel demand and consumption."

Besides, falling exports and fluctuations in prices are two problems facing the industry, Gu added.

Liu Zhenjiang, CISA's secretary-general, said the steel mills, in addition to further slashing excessive capacity, should also attach importance to deleveraging to avoid debt problems.

China set a goal of reducing steel capacity by 50 million metric tons in 2017, and will continue its drive in 2018, according to the National Development and Reform Commission, the country's top economic regulator.

The target was built on the progress China made in 2016, when the country slashed steel output by 65 million tons.

Zhang Yingying, an analyst at Beijing-based JLC Network Technology Co Ltd, said the new round of capacity cuts is likely to cause supplies to run slightly low in provinces such as Hebei, Shandong and Jiangsu, major steel production bases.

"Prices might decline correspondingly in a small range within a short period," she added.

The country's annual steel output stood at 1.1 billion tons, with an apparent consumption of 800 million tons a year, according to the National Bureau of Statistics.

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MMC Operational update www.mmc.mn

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for
the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents
of this announcement.
MONGOLIAN MINING CORPORATION
(In Provisional Liquidation)
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE
FOR THE QUARTER ENDED 31 MARCH 2017
The board of directors of the Company (the “Board”) has adopted a policy of announcing
unaudited operational updates on a quarterly basis. This announcement sets out the unaudited
operational update for the quarter ended 31 March 2017. The comparative numbers for the quarter
ended 31 March 2016 are also disclosed in this announcement.
Table 1. Main operational data for the quarter ended 31 March 2017:
Item Unit The quarter ended 31 March
Year on Year
change (%)
2016 2017
ROM coal mined kt 431.1 1,644.8 282%
ROM coal processed kt 521.0 1,547.8 197%
HCC product kt 255.3 797.3 212%
HCC product yield % 49.0% 51.5% +2.5 ppt
HCC product sold kt 211.5 798.1 277%
The main operational data summarized and shown above in Table 1 are derived from the internal
records of the Group and are intended to give investors an overview of the Group’s operations in a
timely manner and may differ from the data disclosed in periodic reports of the Company.
In the quarter ended 31 March 2017, the Group’s mine production increased by 282% as compared
to the corresponding period of 2016 with quarterly run-of-mine (“ROM”) coal mining output
achieving 1,644.8 thousand tonnes (“kt”).
Total 1,547.8 kt of ROM coal was processed, representing 197% increase compared to the
corresponding period of 2016 and resulting in the production of 797.3 kt of washed hard coking
coal (“HCC”) product at 51.5% yield.
2
The Group sold a total of 798.1 kt of HCC product in the first quarter of 2017, representing 277%
increase compared to the corresponding period of 2016.
The aforesaid operational data are not an express or implied forecast or guarantee in respect of the
Company’s future operating conditions.
In addition, various factors may affect results, including (but not limited to) acts of the God,
changes in market conditions and regulatory interferences, as such material differences may exist
in the operational data published from quarter to quarter.
Investors should note that undue reliance on or use of the above information may cause
investment risks.
For and on behalf of the Board
Mongolian Mining Corporation
(In Provisional Liquidation)
Odjargal Jambaljamts
Chairman
Hong Kong, 27 April 2017
As at the date of this announcement, the board of directors of the Company consists of
Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company,
Dr. Oyungerel Janchiv, Mr. Od Jambaljamts and Mr. Gankhuyag Adilbish, being the non-executive
directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid and Mr. Chan
Tze Ching, Ignatius, being the independent non-executive directors of the Company.

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Government reserve wheat seeds to be sold www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on April 26, Wednesday, the Cabinet addressed crop production sector. This year, 1350 entities and land farmers from 13 aimags will cultivate 381.6 thousand ha area for crop production including 362.1 thousand ha area for wheat.

54.3 thousand tons of wheat seed is required for this year’s spring sowing on the national level, and 4.1 thousand tons of seed is needed to fill the demand. The Cabinet addressed this issue, and resolved to sell 5800 tons of elite wheat seeds stored in government reserve.

The elite wheat seeds will cost land farmers MNT 880,000 per ton, reproduced seeds MNT 830,000 and simple seeds MNT 480,000-560,000 per ton. Entities and land farmers need to make 40 percent advance payment, and purchase the seeds.
Kh.Aminaa

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South Korea-Mongolia consular affairs consultative meeting takes place www.theubpost.mn

 
The ninth consultative meeting of the foreign affairs ministries of Mongolia and South Korea was held on April 24, in Ulaanbaatar, to discuss consular affairs cooperation between the two countries. The meeting’s delegations were led by Director of the Consular Department of the Mongolian Ministry of Foreign Affairs Ya.Ariunbold and Ambassador for Overseas Koreans and Consular Affairs Han Dong-man.
 
Representatives from the Mongolian Ministry of Justice and Internal Affairs, Ministry of Labor and Social Protection, General Prosecutor’s Office, Mongolian Immigration Agency, National Policy Agency of Mongolia, General Authority for Border Protection and Medical and Social Insurance General Office participated in the meeting.
 
During the meeting, the sides discussed developing consular affairs cooperation between the two countries, increasing the number of Mongolian citizens living in South Korea under labor contracts, and challenges facing Mongolian citizens living in South Korea. The two sides agreed to take measures to deal with some of challenges facing Mongolians legally residing in South Korea. The sides also discussed expanding the terms of multiple entry visas to streamline the visa process for Mongolian applicants. This could be achieved by increasing the number of Mongolian citizens legally residing in the Republic of Korea and reducing the number of illegal residents.
 
The South Korean delegation asked their Mongolian counterparts to issue visas to South Korean investors that are valid for one to three years, and to eliminate employment fees for South Korean citizens living in Mongolia who are employed by non-governmental organiza
tions.
 
During Ambassador Han’s meeting with State Secretary of the Mongolian Ministry of Foreign Affairs D.Davaasuren, the state officials emphasized that creating a specific mechanism for developing consular cooperation, protecting people’s rights, and carrying out visa facilities are important. They agreed that consultative meetings should take place regularly, and that enhancing the legal and regulatory environment for dealing with the challenges facing the two nations’ citizens is critical.
 
D.Davaasuren noted that there are 36,000 Mongolian citizens working and studying in South Korea, and that the Government of Mongolia should focus on supporting its citizens there. The sides also exchanged views on security challenges on the Korean Peninsula and other regional issues.
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Ebook sales drop as readers favour non-fiction books www.bbc.com

 
Sales of ebooks dropped 3% to £538m last year, according to the Publishers Association trade body.
But total book sales including physical books rose 6% to £3.5bn, according to the data, led by non-fiction gains.
Readers flocked to fitness and self-help books, sending non-fiction sales up 9%, while fiction revenue fell 7%.
Exports rose 6% to £2.6bn, benefiting from a decline in the value of sterling, but also rising in line with domestic growth.
The gain reversed three previous years of export decline.
In 2015, adult colouring books and the 150th anniversary of Alice in Wonderland helped the swell in physical book sales, while ebook sales fell 1.6%.
This time, books on the Danish concept of hygge, which is usually translated into English as "cosiness", assisted factual sales, as well as fitness books by personal trainer Joe Wicks.
While ebook sales took a hit, digital distribution helped other media.
Journals made a 10% gain last year to £1.2bn, led by a jump in electronic subscriptions, making the market for books and journals worth £4.8bn.
"Last year, one of the most eye-catching figures from our statistics was that physical book sales were increasing while digital book sales dropped," said chief executive Stephen Lotinga.
"While many will debate as to whether this trend will continue, we should not ignore the fact that digital sales beyond the domestic ebook market are growing."
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Second compact to address water issues in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on April 26, Wednesday, the Cabinet discussed and approved an agreement on the implementation of the nonrefundable aid for the formulation of Millennium Challenge Corporation compact proposal. Minister of Foreign Affairs Ts.Munkh-Orgil was authorized to sign the agreement.

With establishment of the agreement within this month, it will be possible to launch the technical and economic feasibility study on the projects of the compact by this June. The Mongolian government plans to propose the final report of the feasibility study by November this year and sign the compact within the first quarter of next year.

The agreement comprises 7 articles and 4 annexes, reflecting the responsibilities of the sides in formulating and ensuring the initial preparation of the compact, financing measures, tax exemption and other conditions.

In the frameworks of the Millennium Challenge Corporation activities, measures on increasing Ulaanbaatar water supply with underground sources, reusing recycled water for industrial purposes, bringing about policy and institutional reformation in water sector and improving the legal environment will be forwarded.

In addition to the compact funds, the Millennium Challenge Corporation will also provide USD 10 million and 500 thousand fund to cover the compact pre-implementation costs.

Kh.Aminaa

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Canada threatens to play hardball with Trump over lumber tariffs www.rt.com

 
Trade relations will not be easy-going after the US imposed 20 percent tariffs on Canadian lumber, warned Canadian Foreign Minister Chrystia Freeland.
 
"When it comes to defending Canada's economic interests, we're going to play hard," Freeland told CNN on Tuesday.
 
"We're nice guys: Politeness is something we believe is a national virtue, but it's not an accident that hockey is our national sport," she said.
 
US President Donald Trump told reporters that given America has the trade deficit [over $500 billion], he is not afraid of any trade war.
 
On Monday, the US Department of Commerce announced the Trump administration would impose a 20 percent tariff on Canadian softwood lumber, including specific tariffs for five Canadian lumber firms that range from three to 24 percent.
 
Secretary of Commerce Wilbur Ross told reporters Canada wasn't being a "good neighbor," accusing the country of “dumping lumber” on the US market.
 
The US lumber industry has argued for decades that because most Canadian timber is harvested on Crown lands, and the way provincial governments manage and set prices results in cheaper lumber.
 
An investigation by the Commerce Department has concluded that Canadian authorities subsidize timber companies to help them sell to the US at lower prices.
 
LamarqueTrump signs 'Buy American, Hire American' order
In the past, US Presidents George W. Bush and Barack Obama also imposed temporary tariffs on Canadian lumber.
 
The decision by the Trump administration came after failed talks to cut Canadian tariffs on US dairy products, which are 270 percent. This helps Canada to increase domestic prices and keep American and other countries’ produce out of the country.
 
However, when Canada' s supply management was introduced in the late 1960’s, it had 140,000 dairy farms. Now it has fewer than 12,000, but Canadian authorities are still voting to support the protectionist measure.
 
"Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!" Trump tweeted Tuesday morning before the announcement.
 
The United States, Canada, and Mexico are expected to start renegotiating the North American Free Trade Agreement (NAFTA), which was signed in 1992 and defines trade between the countries.
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China crushes South Korea tourism over US missile presence www.rt.com

 
South Korean tourism has been severely hit by a Chinese boycott over the deployment of a controversial US-backed anti-missile system approved by Seoul.
In March, South Korea saw a 40 percent drop in Chinese visitors, according to the Korea Tourism Organization (KTO). Total visitor numbers last month fell more than 11 percent to 1.23 million year-on-year.
 
Bookings for stays by Chinese travelers are down 28 percent in the second quarter of the current year against a year earlier, according to the outlook by ForwardKeys, a provider of travel industry data.
 
The plunge in Chinese tourism comes after South Korea agreed to install a US Terminal High Altitude Area Defense (THAAD) system earlier this year.
 
Seoul insists THAAD is a deterrent to possible missile attacks from North Korea. However, Beijing repeatedly expressed concerns over the system, as its powerful radar may penetrate into Chinese territory.
 
The Chinese government reportedly banned tourist agencies from selling tours to South Korea following the move.
 
Chinese tourists, who are seen as deep-pocketed spenders, accounted for 8 million of the nearly 17 million people that visited South Korea last year.
 
“There's been a big reduction in the number of groups of Chinese tourists in Seoul since the THAAD missile crisis,” said Kil Ki-yon, director of Seoul Tiger Bus, a company that takes Chinese visitors on tours of the city, as quoted by CNN News.
 
South Korea could stand to lose $9.63 billion in tourism revenue, according to estimations.
 
The decline in visitors from China has also hit duty-free shops in South Korea, as the Chinese accounted for about 70 percent of their total sales, according a spokesman from Lotte Duty Free. Sales to Chinese customers have already dropped 40 percent year-on-year since mid-March.
 
South Korea has tried to attract more visitors from Japan and Southeast Asia to make up for the losses. However, growing regional tensions over North Korea have diminished a slight rise in the number of Japanese visitors.
 
“Japanese tourists are putting off their trips to this country, apparently because of overblown Japanese media reports about tensions on the Korean peninsula,” said a KTO official quoted by Yonhap news agency.
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Preliminary balance of payments for March, 2017 www.montsame.mn

Ulaanbaatar /MONTSAME/ Current and capital account balance totaled to USD 38.4 million surplus, which is USD 83.8 million increase compared to the same period last year. The change was mainly due to increase by 32 percent or USD 30.4 million in goods and services account, and decrease by 31 percent or USD 63.8 million in primary income account.

Financial account had a surplus of USD 173.1 million in the first 3 months. Last year, Mongolia had a net borrowing of USD 202.2 million from the rest of the world, whereas this year it totaled to USD 173.1 million outflow. Thus, the net external financing had decreased by USD 375.3 million. As of the first 3 months of 2017, overall balance of payments deficit was USD 165.7 million.

B.Oyundelger
Source: www.mongolbank.mn

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