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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Events

Events

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

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President Ts.Elbegdorj meets UNSG's Special Envoy for Road Safety www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On March 22, the President of Mongolia Ts.Elbegdorj welcomed Jean Todt, United Nations Secretary-General's Special Envoy for Road Safety and President of the Fédération Internationale de l'Automobile (FIA). During his visit to Mongolia, Mr. Jean Todt worked at the Ministry of Road and Transport and the Traffic Police Department.
 
Mr. Jean Todt met with the authorities of the organizations and exchanged views on road and traffic safety issues.
 
The UN proclaimed the period 2011–2020 as a Decade of Action for Road Safety. At the meeting with the President of Mongolia, Mr. Jean Todt expressed that UN will support Mongolia’s effort to join the UN road safety conventions.
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Plans for coal-fired power plants drop by almost half in 2016 www.bbc.com

 
Twenty-sixteen saw a "dramatic" decline in the number of coal-fired power stations in pre-construction globally.
The authors of a new study say there was a 48% fall in planned coal units, with a 62% drop in construction starts.
The report, from several green campaign groups, claims changing policies and economic conditions in China and India were behind the decline.
However, the coal industry argues the fuel will remain essential to economic growth in Asia for decades to come.
Rapid swing
Between 2006 and 2016, India and China together accounted for 85% of the coal plants built around the world.
But according to the Boom and Bust 2017 report, put together by Greenpeace, the Sierra Club and CoalSwarm, there has been a huge swing away from coal in these two countries in just 12 months.
The main causes of the decline are the imposition of restrictive measures by China's central government - with the equivalent of 600 coal-fired units being put on hold until at least 2020.
The Indian go-slow was prompted, according to the authors, by the reluctance of banks to provide funds. Work at 13 locations is currently not going ahead.
However, there have also been significant retirements of coal plants in Europe and the US over the past two years, with roughly 120 large units being taken out of commission.
"This has been a messy year, and an unusual one," said Ted Nace, director of CoalSwarm.
"It's not normal to see construction frozen at scores of locations, but central authorities in China and bankers in India have come to recognize overbuilding of coal plants as a major waste of resources.
"However abrupt, the shift from fossil fuels to clean sources in the power sector is a positive one for health, climate security, and jobs. And by all indications, the shift is unstoppable."
The study comes as other groups analyse the potential for investments in coal to become stranded assets if governments continue to restrict CO2 emissions. The International Energy Agency (IEA) says that hundreds of billions of dollars could be at risk.
"The decline in new coal plants in Asian countries is truly dramatic, and shows how a perfect storm of factors is simply making coal a bad investment," said Paul Massara, now of North Star Solar but a former CEO of RWE npower.
"Growing awareness of the air pollution problems coal causes, the impact of policies to tackle climate change, and the rapid growth and cost-competitiveness of renewable sources of energy, along with emerging battery technologies, are making new coal plants redundant before they are even built," he said.
However, the World Coal Association vehemently disagrees. It says the complexity of large infrastructure projects means that until they break ground, it's no surprise if they don't go ahead.
"Yes, China, is reducing the number of coal-stations but not because it's transitioning away from coal. Instead, the new dynamics is a signal of a more developed economy," said Benjamin Sporton.
"Contrary to the picture being portrayed by certain quarters, China's climate pledge suggests that coal will continue to be central to its energy solutions, albeit through efficiencies including the use of new coal technologies.
"In India's case, it's simply not true that renewables are displacing coal. The International Energy Agency has said that India's coal demand will see the biggest growth over next five years with an annual average growth rate of 5% by 2021.
"For these countries, excluding coal from the energy mix is not an option; it is essential for economic growth and critical in securing energy access."
According to the authors of the study, the slowdown brings the possibility of keeping global warming under 2 degrees C since pre-industrial times "within feasible reach."
However, the study says that much more progress needs to be made to reduce the number of coal-fired plants under development in Vietnam, Indonesia, Turkey, Japan and elsewhere.
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UK airlines must have EU base after Brexit or lose major routes – report www.rt.com

Brussels has warned that unless airlines like EasyJet and Ryanair move their headquarters from the UK or sell shares to European nationals, they will lose profitable European routes, reports the Guardian.
 
If airlines want to continue flying routes like Milan to Paris, they will be forced to have their headquarters based on the territory of the European Union and a majority of their capital shares must be EU-owned.
 
This ruling will also affect the Dublin-based Ryanair. At present, it complies with the rules by having 60 percent of shares owned by the European investors. However, after Britain triggers Article 50, the amount will be reduced to 40 percent, and may force the company to buy out some UK shareholders.
 
While British Airways doesn’t fly intra-Europe, its parent company IAG will be forced to sell off shares to comply with EU rules.
 
“We will continue to comply with the relevant ownership and control regulations,” an IAG spokesman told Guardian.
 
Experts say this is likely to hurt British workers, as companies will shift jobs to the newly-established European companies.
 
“It might be that carriers choose to have domestic flights [on the continent] operated by their new European operating licence, which would probably mean a reduction in staff in the UK,” Thomas van der Wijngaart, an aviation expert at the legal firm Clyde & Co, told the Guardian.
 
The UK could respond by introducing ownership laws of its own, which could stop Dublin-based Ryanair from flying UK domestic routes, the newspaper noted.
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Pricey diving tours to Titanic shipwreck to begin in 2018 www.rt.com

 
British luxury travel company Blue Marble Private has started seling expensive tickets to the wreck site of the legendary Titanic.
The first 'Dive the Titanic' trip is scheduled for May 2018 at the cost of about $105,000 per person. Adjusted for inflation, the figure is equal to the price of an original Titanic first class ticket.
 
The eight-day tour will start with a helicopter ride from the city of St. John’s in Newfoundland, Canada to a yacht anchored near the Titanic’s resting place.
 
Travelers will spend the first half of the journey learning how to operate sonars and use underwater navigation systems. Explorers, scientists and expedition crew will tell the divers about the workings of the ship.
 
Then, the voyagers will get a chance to reach depths of 4,000 meters in a specially designed titanium and carbon-fiber submersible, guided by a crew of experts.
 
“You will glide over the ship’s deck and famous grand staircase capturing a view that very few have seen, or ever will,” the company’s website says.
 
The dive will last three hours assisting the expedition team in the submersible and aboard the expedition yacht.
 
“During the dive, your crew may conduct 3D and 2D sonar scans or search for one of the ship's giant boilers, enormous propellers, and other landmarks of this famous vessel,” said Blue Marble Private founder Elizabeth Ellis as quoted by CNN.
 
Further missions are planned for 2019, according to Ellis.
 
Blue Marble Private specializes in organizing extraordinary travel experiences around the world, providing its wealthy clients with luxury tailor-made trips to far-away corners of the globe.
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Mongolia discusses wastewater as resource www.en.montsame.mn

Ulaanbaatar /MONTSAME/ World Water Day which is internationally marked on March 22, today sheds a light on wastewater this year, and Mongolia enriched the theme with ‘resource’, thus making a slogan ‘Wastewater – Resource’.
 
Promoting the slogan, a number of events is taking place Wednesday, March 22, and one of them is ‘Wastewater – Resource’ forum co-organized by the Ministry of Environment and Tourism, Mongolian National Chamber of Commerce and Industry, World Wildlife Fund, Promotion of mining infrastructure investment project, Mongolian Environmental Civil Council, Water Supply and Sewerage Authority of Mongolia and Mongolian University of Life Sciences. In conjunction with the forum, the National Chamber of Commerce and Industry is also hosting an expo of water saving technologies at its building.
 
The Ministry of Environment and Tourism also collaborates with Mongolian Student Association to organize the 12th ‘Water – Key to Development’ academic conference among students on World Water Day. Open to any student from private and public universities and colleges, the academic conference invites 25 topics for presentation including surface water resources, climate change and hydrology, pasture watering, urban water supply system and its optimization, water sufficiency and quality, water and health and water and tourism.
 
Furthermore, a promotional event named ‘Introducing Eurasian Beaver’ was organized by Fresh Water Resources and Nature Conservation Center of the Ministry of Environment and Tourism in cooperation with Mayor’s Office and Beaver domestication unit to mark World Water Day today.
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Apple drives further into Facebook, Snap territory with video app www.reuters.com

 
With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc's Snapchat and Facebook Inc's Messenger.
 
Clips, which will hit Apple's App Store in April, lets customers take videos and add animated captions and titles, complete with colorful emoji symbols. The app also makes it possible to stitch together multiple video clips and add speech bubbles and filters.
 
The functions closely resemble those that drive Snap's wildly popular Stories feature. With Stories, Snap users string together photos and videos, embellish them and then post them to their feeds.
 
Apple's new Clips lets users post their video to Instagram, Facebook, YouTube, Vimeo and more. But if users post them to Apple's own Messages app, Apple will recommend whom to share it with based on which friends are in the videos and whom the user frequently contacts - the kind of predictive social features Facebook excels at.
 
Apple has a huge number of users for Messages, the flagship app for short notes that is built into the iPhone's iOS 10 software. Apple does not say how many people use the app, but it does say that there more than 1 billion iOS devices on the market and that 79 percent of them run iOS 10.
 
Apple also says that Messages is the most commonly used app on iOS devices, giving the company potentially up to 800 million users for its latest messaging platform. Snap, by contrast, has 161 million daily active users. While Apple's Clips competitor will technically be a separate app from Messages, it will be tied closely to it for the ability share Clips videos with other Apple users.
 
Facebook has more than 1 billion users for both Messenger, which was split off from the main Facebook service in 2014, and for WhatsApp, which it acquired for $19 billion the same year.
 
Apple has been steadily matching the features of Facebook's Messenger. But Apple is also walking a fine line with other messaging players, cooperating with them often as it competes with them. For example, it has opened up the iPhone's dialer app, long closed off to developers, so that iPhone users could place and receive Skype and WhatsApp calls through the device's native interface.
 
Alphabet Inc's Google and Microsoft Corp have been scrambling to get into the game, too. Google has more than a half dozen messaging apps, including Allo, its latest. Microsoft has tried to integrate chat into its Skype app, and Microsoft-owned LinkedIn is a popular tool for business notes.
 
But tech giants obsess over messaging because it is where users are headed, according to analyst firm Gartner. Between 2015 and 2016, the percentage of U.S. and UK smartphone owners who used social media apps dropped from 85 percent to 83 percent while messaging apps jumped from 68 percent to 71 percent, a trend Gartner expects will continue.
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Copper price falls on Grasberg production resumption www.mining.com

 
In New York on Tuesday copper for delivery in May suffered a second day of markdowns trading at $2.6075 per pound or $5,750 a tonne as output disruptions at the world's biggest mines appear to be closer to being resolved. Copper is down more than 3% this week.
 
Reuters reports Tuesday that top listed copper producer Freeport McMoRan's giant Grasberg mine in Indonesia had resumed staged copper concentrate production following a strike at a domestic refinery in which the US company owns a minority stake after a 38-day hiatus.
 
Grasberg remains under a concentrate export ban as Freeport negotiates a new operating licence and ownership agreements with the Asian nation. Last month Phoenix-Arizona-based Freeport said it does not foresee a return to business as usual at its 90%-owned operating subsidiary in the country.
 
Freeport Indonesia has suspended capital investments at the remote mine in Papua province and reduced production to roughly 40% of normal levels. In January Freeport said for each month of delay in obtaining approval to export, the Indonesian subsidiary's share of production is projected to be reduced by approximately 32,000 tonnes of copper and 100,000 ounces of gold.
 
In Peru, a 1,300-worker strong strike at Freeports' Cerro Verde mine which recently underwent a massive expansion is set to end on Thursday on government orders, but the union vowed to down tools again on Friday. Workers walked off the job 11 days ago and according to the union production at the mine is running at 50% after Freeport brought contract workers onto the site.
 
Cerro Verde, controlled by Freeport with a 53.6% stake, Sumitomo Metal (21%) and Buenaventura (19.6%), produced just under 500,000 tonnes of the red metal last year, making it the South American nation's top producer.
 
Copper also came under pressure from reports that talks to resolve the strike at Escondida, the world's largest copper operation by a wide margin, are back on. The main union representing 2,500 workers at the Chilean mine told reporters after meeting with part owner and operator BHP Billiton on Monday "that it was open to further conversations that could lead to reopening negotiations."
 
The strike is already in its 40th day. The previous labour strike in 2006 ended after 25 days while the current wage deal was signed four years ago when copper was trading around $3.40 a pound.
 
In its annual financial results BHP said it expected full-year production at Escondida of 1.07 million tonnes, which gives the mine a nearly 5% shares of global primary copper production.
 
BHP, which operates and majority owns the mine with fellow Melbourne diversified giant Rio Tinto, declared force majeure at the mine on February 10 sending the copper price to its highest since May 2015.
 
In a research note quoted on Monday at Barron's, Bank of America Merrill Lynch said it's keeping a $3.00 per pound mid-year price target for copper due to stronger demand and the "meaningful" impact of supply disruptions.
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Deputy Minister remarks on scientific aspects of agriculture sector www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ “There are over 200 technologies and products that can immediately find their application in production”, remarked J.Saule, Deputy Minister for Food, Agriculture and Light Industry during a meeting of the Ministry’s sub-council on science and technology.
 
The meeting was held last Friday to discuss economic and technological aspects of animal husbandry, veterinary, farming, plant protection, food, light industry and agriculture sectors.
 
“About 30 percent of seed sorts, 100 percent of potato sorts, 60 percent of vegetable sorts and 70 percent of fruit sorts studied and certified by scientists are being planted in Mongolia”, she said. Moreover in animal husbandry sector, 1 horse breed and 3 varieties, 3 camel breeds, 3 cattle breeds, 22 sheep breeds and 4 goat breeds and 5 varieties have been newly certified.
 
The Deputy Minister continued on her report, “4 discoveries of Mongolian veterinary researchers have been internationally acknowledged, and 64 animal vaccinations and 72 drugs and supplements have been invented”.
 
In 2008-2016, 72 science, technology projects and 5 innovation projects were implemented in the science & technology areas of food, agriculture and light industry sectors, using MNT 5.5 billion fund from the Science and Technology Fund.
 
“As such, we can tackle our challenges relying on the intellectual capacities of our scientists”, the Deputy Minister noted.
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New government bond replaces Eurobond www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Due to the Development Bank of Mongolia’s USD 580 million Euro bond maturing on March 21, the Ministry of Finance announced that Development Bank-owned Eurobond is to be replaced by a new bond issued by the Government of Mongolia in February, 2017. Credit Suisse and J.P.Morgan will be acting as the bond’s underwriters.
 
In March of 2012, the Government of Mongolia launched USD 580 million worth of bond, “Eurobond” to be matured on March 21, 2017 with an annual interest rate of 5.75 percent. In order to build railroads and fifth power station, 36 percent of Eurobond was traded to European investors, 32 percent to American investors and 32 percent to Asian investors.
 
At the beginning of 2017, question rose among the investors whether the government can repay the debt. Owing to the staff-level agreement with the International Monetary Fund on three-year Extended Fund Facility program, the Government of Mongolia earned the investor’s trust in the newly offered bond. In addition, 82.07 percent of the investors have agreed to the exchange offer.
 
And thus, the Government of Mongolia launched the new bond costing USD 600 million with 7.625 percent interest rate in the first week of March. Reports indicate that the new bond will make interest payments every six months, which is approximately USD 26 million. Although Khuraldai bond is simply replacing “Euro bond” with slightly higher interest rate, the new rate is reasonable compared to the previous government issued bond with an interest rate of 10.825 percent. A total of 76 percent of the bond was bought by American investors while 18 percent by European investors and 6 percent by Asian investors. However, only USD 476 million (82 percent of Eurobond) will be used for Eurobond replacement and the rest USD 124 million was offered to the investors as a new bond.
 
But this could also increase foreign investments, expand the drawing power and attract investors in both public and private sectors. Furthermore, Chinggis bond’s maturity date in 2018 could also be settled with relatively low cost. And by stabilizing the economy, private entities may attract more investments and increase workplaces to further develop the economy. But it will require smart policy from the authorities as the IMF made budget adjustment demand which includes seven types of tax increase.
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EBRD to support “Green cities” program www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The European Bank for Reconstruction and Development (EBRD) and the Capital City Governor’s Office have signed a memorandum of understanding on implementation of “Green cities” program.
 
The MOU was signed by Natalia Khanjenkova, the Managing Director for Central Asia and Russia at the European Bank for Reconstruction and Development (EBRD) and J.Batbayasgalan, Deputy Mayor of Ulaanbaatar for Green Development and Air Pollution .
 
J.Batbayasgalan remarked” In line with rapid expansion of Ulaanbaatar city, air, water and soil pollutions are getting urgent problems. ''Green Cities'' program will be carried out to deal with a number of challenges including waste water treatment, green infrastructure development and solid garbage removal /recycling/. Furthermore, Ulaanbaatar is facing the drinking water reserve scarcity and in this regard, we are looking forward to implement a number of projects on development of green cities with EBRD in the future. World countries having joined the UN Convention are making efforts to tackle with climate change especially in reducing greenhouse emission by raising significant funds. This memorandum will be an important push to launch a fundraising event for carrying out projects and programs forward at green development.
 
In turn, Natalia Khanjenkova, the Managing Director for Central Asia and Russia at the European Bank for Reconstruction and Development (EBRD) said” Preparation works for recycling and waste water treatment projects are basically completed. We will financially support above mentioned projects. For instance, the Global Climate foundation is affordable to finance the projects. We expect positive outcome from the implementation of the projects for development of Ulaanbaatar”.
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