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    

Category

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

NEWS

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New airport expected to commence operations next year www.montsame.mn

Ulaanbaatar /MONTSAME/ The new airport in Khushig Valley, Tuv aimag is expected to begin full operations by May 2018, officials report.

In the frameworks of New Ulaanbaatar International Airport (NUBIA) project, more than 30 facilities will be put into operation.

Earlier this year, the completed constructions were handed over to the Ministry of Road and Transport by the main contractor, Mitsubishi-Chiyodain Joint Venture of Japan in compliance with the concerning contract. And technical and State Commission inspections were launched to detect some violations. Corrections of some violations are being delayed due to weather conditions, the officials noted.

Preliminary estimate by the Ministry of Road and Transport Development indicates that the Khushig Valley airport is to begin fully operating in 2018.

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India's Adani to finalize Australia coal investment plan by June www.asia.nikkei.com

 
MUMBAI (Reuters) -- India's Adani Enterprises said it would finalize an investment decision by June for its Carmichael coal project in the northern Australian state of Queensland, which has been delayed due to protests from environmental groups.
 
For more than five years, Adani has battled opposition from green groups who fear the project will produce so much coal for export to India that it will require a mega-port expansion into the Great Barrier Reef World Heritage Area.
 
While Adani, a business group with interests in power and ports, has said the project would not threaten the reef and has secured most major state and federal government approvals, it still faces several court challenges.
 
Raising funds has also been tough given the sensitivities of lending to a controversial project.
 
However, the group's chairman, Gautam Adani, expressed optimism the project would proceed and said the board would take a final decision on investments in May or June, including structure and planned funding.
 
He was speaking during an interaction with a group of reporters in Mumbai and was accompanied by Queensland premier Anastasia Palaszczuk who was in the country to visit Adani's port and solar facilities
 
"Definitely," Adani said, when asked if he was confident the project would go ahead. "Our internal planning is 2020 ...(for) first coal to come out," Adani added, noting construction could begin within three months of the board's decision.
 
Palaszczuk said the Carmichael project had the full support of her government and that she did not see any obstacles in Adani securing final approval from Australia.
 
FUNDING
 
Analysts have raised doubts about whether Adani can fund what would be Australia's biggest coal mine given the opposition from green groups and a slump in coal prices. Some banks, including Deutsche Bank and Commonwealth Bank of Australia, have said they will not provide funding.
The company has shrunk the project and is now targeting an annual output of 25 million tonnes in the first phase, which could save costs, Adani said. Production will eventually be expanded to the planned 40 million tonnes, he added.
 
Of the $4 billion required for the first phase, Adani will have to raise about $2.5 billion in debt, he said. The company says it has already invested $3.3 billion in the project.
 
Adani is hoping to get $800 million to $900 million from Northern Australian Infrastructure Facility and is counting on funding from export credit agencies in China or South Korea. It plans go to commercial banks for any shortfall.
 
"Banks have been misled by some of the environmental groups and that was a main issue," Adani said.
 
The project still faces strong opposition, with a group of high-profile Australians recently saying they will "fight tooth and nail" against Adani's plans.
 
However, Palaszczuk said the Adani project was crucial for jobs in Queensland.
 
"I've got such a situation in regional Queensland where people are hurting, families are hurting, because they don't have employment with the downturn in the resources sector," she said. "So, I need this project for Queensland."
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Saudi Arabia looks beyond oil for future opportunities www.chinadaily.com.cn

 
Agreements signed for projects between Gulf country and China
 
China and Saudi Arabia will continue to diversify economic cooperation and develop stronger trade ties in 2017, as their products are complementary and they have reached a consensus on both the "Saudi Vision 2030" strategy and the Belt and Road Initiative, economists said on Sunday.
 
Eager to diversify its heavily oil-dependent economy, Saudi Arabia announced the "Saudi Vision 2030" growth strategy in 2016, which includes privatizing some State-owned companies and finding more new market growth points from non-oil related sectors.
 
Long Guoqiang, vice-president of the Development Research Center of the State Council, said on the sideline of the China Development Forum that the Belt and Road Initiative is expected to help Saudi Arabia realize its growth plan, as it can efficiently boost regional infrastructure connectivity, people-to-people exchanges, investment and trade activities on an effective multilateral cooperative platform.
 
The infrastructure, trade and services network proposed by the Chinese government in 2013 envisions a Silk Road Economic Belt and a 21st Century Maritime Silk Road, covering about 4.4 billion people in more than 60 countries and regions in Europe, Asia and Africa.
 
Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing, said that even though oil trade lies at the heart of bilateral business ties, Saudi Arabia's surging demand for infrastructure improvements－such as next-generation oil refineries, roads, airports and oil tanker and container ports－will provide opportunities for Chinese project contractors and manufacturers.
 
Their comments came after China and Saudi Arabia signed 14 agreements and memorandums of understanding to deepen cooperation in such areas as energy, investment, finance, culture and aerospace last week.
 
Among these big-ticket cooperative documents, one is an MOU on production capacity and investment cooperation that has 35 big projects involving $65 billion.
 
China exports mainly construction machinery, manufacturing equipment, steel, electronics, textiles, garments and household appliances to Saudi Arabia. Chinese-made passenger vehicles and trucks have also become popular in the region. In addition to crude oil, petrochemicals and fertilizer, Saudi Arabia's exports to China include marble, olive oil and sesame seed products.
 
China became Saudi Arabia's largest trading partner by goods volume in 2015, and Saudi Arabia has been China's biggest crude oil supplier and largest trading partner in western Asia for years.
 
Bilateral trade between China and Saudi Arabia amounted to $42.4 billion in 2016, data from the Ministry of Commerce show. More than 100 Chinese companies from both State-owned enterprises and private sectors are currently involved in energy, rail, port and telecommunication projects in Saudi Arabia.
 
"Saudi Arabia is an important transportation and financial hub connecting Asia, Africa and Europe, which makes the country an ideal partner for the Belt and Road Initiative," said Gu Xuebin, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation.
 
To further enhance trade ties with the Middle East region, Vice-Minister of Commerce Wang Shouwen said China will also accelerate negotiations for a free trade agreement with the Gulf Cooperation Council for the Arab States of the Gulf this year, which certainly will offer more business opportunities between China and Saudi Arabia.
 
The GCC is a political and economic union of six Arab states that border the Persian Gulf－Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates－some of which are considered among the world's top fossil fuel-exporting nations.
 
The two sides are now expected to exchange views on key FTA issues such as trade conditions, rules of origin, technical barriers to trade and economic and technological cooperation, said Wang.
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IBM launches enterprise-ready blockchain service www.reuters.com

 
International Business Machines Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation.
 
The U.S. technology company said on Monday its new product called IBM Blockchain was the first service for developers to build enterprise-grade technology using Hyperledger Fabric, the first code set to be released by the open source group.
 
The Fabric blockchain can process more than 1,000 transactions per second and has the necessary features to be used by large enterprises to build their applications, IBM said.
 
It added it was working with technology company SecureKey Technologies and a group of Canadian banks to build a digital identity network using its new blockchain services.
 
The network, set for launch later this year, is aimed at making it easier for consumers to prove their identities when accessing services such as new bank accounts, driver's licenses or utilities. Banks involved include Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank.
 
Blockchain, which emerged as the system running cryptocurrency bitcoin, is a digital shared record of transactions that is maintained by a network of computers on the internet, without the need of a centralized authority.
 
Big businesses, including many of the world's largest banks, have been increasing their investment in the technology in hopes it can help them reduce the complexity and costs of some of their most burdensome processes, such as the settlement of securities or international payments.
 
Technology companies and professional services firms have also been ramping up their investment in blockchain, as they race to capture the nascent market.
 
IBM has been one of the most aggressive large technology companies on blockchain and has several large clients developing applications with the technology, including Northern Trust Corp, Wal-Mart Stores Inc and the Depository Trust & Clearing Corporation.
 
IBM said it had also tested a blockchain-based asset management platform for carbon assets with Chinese company Energy-Blockchain Labs. The companies aim to release the platform, built using the new IBM Blockchain, later this year.
 
 
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Japan, Germany ink pact on green energy project www.nhk.or.jp

Japan and Germany have signed an agreement to start a joint project to stabilize renewable energy supplies.

Japan's New Energy and Industrial Technology Development Organization, or NEDO, and the Niedersachsen state government in northern Germany inked the deal in the state capital, Hanover, on Sunday.

3 Japanese firms, including a battery maker, and a German power company plan to take part in the 3-year project, which is set to begin next month.

They say they want to stabilize green energy supplies by saving electricity at a large storage facility when an amount well above the level of demand goes into power grids.

They say stored electricity will be used during power shortages.

Germany is sharply increasing its output of wind, solar and other forms of green energy, as the government tries to phase out nuclear power by 2022. But fluctuating output that depends on weather conditions poses a major challenge.

NEDO Chairman Kazuo Furukawa says his organization wants to introduce what it will learn in Germany to Japan and help Japanese firms start businesses in other countries.

 
 
 
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Mongolia plans to export 40 tonnes of gold www.news.mn

Mongolia Gold 2017 Conference and Exhibition opened at the Chinggis Hotel on 17th of March. The event is being organised by the Mongolian Mining Exchange in cooperation with the Ministry of Mining and Heavy Industry, Mongolbank, BCM and HKIMA.

"Gold-2" was approved by the Mongolian Cabinet as a key part of the raft of measures to revive the economy; it aims at increasing gold production by two to three tonnes annually, leading to an annual production target of 25 tonnes by 2020. Mongolian gold export is forecast to reach 15.8-40.0 tonnes in the next decade and gold revenue to USD 1177.9 million by 2020.

The conference is intended to discuss a wide range of issues connected with the gold mining sector and plans to set goals for seeking ways to improve and stabilise the legal environment for gold mining. The event will address solutions to the recent financial concerns of recent years. Related to this, the government is to implement “Gold-2” project, to introduce gold projects to investors as well as advanced technologies, expand business relations and cooperation, and exchange international experience.

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China Datang Corp vows to collaborate on reducing air pollution in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ On March 17, Prime Minister J.Erdenebat received a visiting delegation to Mongolia of China Datang Corporation at the latter’s request. China Datang expressed interest in investing in Mongolia’s energy and heating system.

At the beginning of this meeting, the Prime Minister highlighted that investment to energy and heating will be supported in Mongolia by all means, mentioning the Mongolian and Chinese sides have agreed on building joint regional energy generator during the visit of China’s Prime Minister Li Keqiang to Mongolia, took place last September.

China Datang has abundant expertise in coal liquefaction and air pollution reduction approaches. The delegates shared that the company has been participating in Beijing’s projects on air pollution, as its fuel technology maintains the lowest amount of toxic smog emission.

A pivotal part of Ulaanbaatar’s air pollution is caused by chimney smoke from Ger households, said PM J.Erdenebat in response. What Ulaanbaatar needs first is a comprehensive project on expanding the reach of electric power network, ensuring reliability of energy resources and extending the heating system to ger areas. “We will be willing to consider cooperation with you in the presence of such a comprehensive project”, he underlined.

President of China Datang, Mr Chen Jinhang pledged to submit a proposal for a package of project directed at tackling Ulaanbaatar’s air pollution.

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Coal mine in Germany turns into hydroelectric battery www.mining.com

RAG AG-owned Prosper-Haniel hard coal mine, located in the German state of North-Rhine Westphalia, will be turned into a giant battery that stores excess solar and wind energy.

Set to be totally transformed by 2018, the mine will become a 200-megawatt pumped-storage hydroelectric reservoir, which means it will behave as a battery and have the energy to power more than 400,000 homes.

When needed to compensate intermittent wind and solar power, as much as 1 million cubic meters of water could be allowed to plunge as deep as 1,200 metres, turning turbines at the foot of the collieries mine shafts. The mining complex comprises 26 kilometres of horizontal shafts.

Miners in the town of Bottrop, who have worked for decades at the site, will remain employed while seeing a shift in their usual tasks. According to governor Hannelore Kraft, they will continue playing a key role in providing uninterrupted power for the country.

During a press briefing earlier this week, Kraft also said that other mines may follow suit because the state needs more industrial-scale storage as it seeks to double the share of renewables in its power portfolio to 30% by 2025.

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Google braces for questions as more big-name firms pull adverts www.theguardian.com

 
Google executives are bracing for a two-pronged inquisition from the advertising industry and the government over the company’s plans to stop ads being placed next to extremist material.
 
A slew of big-name companies, advertising firms and government departments have either pulled their adverts from Google and its YouTube video site or are considering whether to do so, with media giant Sky, telecoms group Vodafone and a trio of banks adding their names to a growing list over the weekend.
 
The internet firm’s European head, Matt Brittin, is one of two Google executives due to speak at the annual Advertising Week Europe event, attended by major companies in the advertising world.
 
Sources said Brittin was likely to face a flurry of questions about how adverts for major brands ended up attached to videos by extremists, including hate preachers and former Ku Klux Klan leader David Duke.
 
The ads help fund payments to the people who post the videos, with every 1,000 clicks worth about £6. Experts estimate this could have been worth £250,000 to extremists.
 
Brittin will be among the first people to address delegates on Monday when speakers will also include Unilever’s chief marketing officer, Keith Weed.
 
Unilever declined to comment on whether it had suspended advertising through Google.
 
Leading advertising agencies have been quick to react, with French marketing firm Havas, whose clients include O2 and Royal Mail, pulling its adverts late last week. Publicis, the world’s third-largest advertising firm, said it was reviewing its relationship with Google and YouTube.
 
The world’s largest advertising firm WPP, via its media-buying division GroupM, has stopped short of cancelling ads but has written to major clients asking them how they wish to proceed.
 
GroupM’s chief digital officer, Rob Norman, told Sky News that Google should apologise publicly to companies whose reputation has been “compromised”.
 
Mark Howe, head of Google’s agencies business in Europe, the Middle East and Africa, will also speak at Advertising Week Europe. His responsibilities, according to a company biography, include ensuring that Google “builds lasting & trusted relationships with its customers”.
 
Brittin and Howe will be exposed to questions from advertising luminaries at the start of a week in which executives will have to explain themselves in a second meeting about the affair with government ministers.
 
In a letter to the company, Yvette Cooper, who chairs the home affairs select committee, accused the company of “profiting from hatred”.
 
And senior figures from Google were summoned to the Cabinet Office last week over concerns that taxpayer-funded adverts were appearing alongside “inappropriate” YouTube videos. Google executives apologised but were told to come back to the Cabinet Office this week with a plan and a timetable to remedy the problem.
 
The decision by Vodafone, Sky, HSBC, Lloyds and Royal Bank of Scotland to suspend their ads, or review whether to do so, follows action last week by other brands. They include McDonald’s, L’Oréal, Audi, Sainsbury’s, Argos and the BBC. Government spending has also been suspended while Tesco is understood to have “paused” spending on YouTube.
 
BT said: “We take our responsibilities as an advertiser seriously and have a robust set of safeguards in place to make sure our adverts don’t appear on websites or content which may be dedicated to offensive themes”
 
While Google is yet to reveal what it plans to do, it is understood that advertisers will be told that they may not be making enough use of existing tools and it will offer to provide advice on how companies can better use these.
 
However, Google is also expected to take a wider look at how ads are placed, including whether it has put enough checks and balances in place to avoid unfortunate juxtapositions.
 
“We’ve heard from our from our advertisers and agencies loud and clear that we can provide simpler, more robust ways to stop their ads from showing against controversial content,” Ronan Harris, managing director of Google UK, said last week.
 
The Guardian is among the organisations to have withdrawn its advertising. Ads for the Guardian’s membership scheme are understood to have been placed alongside extremist material after an agency acting on the media group’s behalf used Google’s AdX ad exchange, which uses an automated system known as programmatic trading.
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Uber president Jeff Jones steps down www.bbc.com

 
Uber president Jeff Jones is leaving the company after less than six months.
A source at the taxi booking app told the BBC the resignation was "completely unexpected".
They said Mr Jones was frustrated the company was hiring a new chief operating officer and that he was not among the candidates.
But according to technology news site Recode, Mr Jones left because of Uber's continued struggle with issues around sexism and sexual harassment.
Uber said in a statement on Sunday: "We want to thank Jeff for his six months at the company and wish him all the best."
Privately, however, the company has been shocked by his sudden departure, with other executives left disappointed at what they saw as a lack of professional courtesy in informing them of his plans.
His resignation will take effect immediately, the BBC understands.
'Leadership help'
Uber has suffered a spate of controversies in 2017, the most serious being ongoing rows over a culture of sexism, and accusations of sexual harassment at the firm.
After being filmed arguing with a driver over falling rates, the firm's co-founder and chief executive Travis Kalanick admitted he needed "leadership help". Earlier this month, he announced that the company was looking for a chief operating officer.
The role would have effectively demoted Mr Jones, who was not himself being considered for the position.
In an email to his staff on Sunday, Mr Kalanick said: "After we announced our intention to hire a COO, Jeff came to the tough decision that he doesn't see his future at Uber.
"It is unfortunate that this was announced through the press, but I thought it was important to send all of you an email before providing comment publicly."
The backroom manoeuvrings suggest bigger changes at Uber are on the way. Two separate, well-placed sources at the company have told the BBC that Mr Kalanick will likely step down as chief executive soon after the new COO is in place.
The move will be designed to reassure investors ahead of a long-anticipated potential initial public offering.
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