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

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China bans North Korean coal- but only till January www.rt.com

Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime's most important trading and diplomatic partner.

In a statement on its website on Saturday, China's Commerce Ministry said it will temporarily ban imports of coal from North Korea as part of a UN Security Council resolution that has the goal of deterring Pyongyang from pursuing its nuclear weapons program.

“To implement United Nations Security Council Resolution 2321, according to the People’s Republic of China’s Foreign Trade Law, imports of coal produced in North Korea temporarily will be stopped,” said the statement, which effectively curtails 557 million pounds of coal or $700 million compared to 2015 sales.

North Korea has been under UN sanctions since 2006 over its nuclear and ballistic missile tests.

The sanctions imposed in late November aim to cut North Korea's annual export revenue by 25%. A key part of the UN resolution is limiting the sale of North Korean coal to China, the only known country that currently buys it – to around 7.5 million tonnes a year (or $400 million, whichever is lower). That represents a drop of about 60%. Coal is North Korea's top export earner and one of its only sources of hard currency. The resolution by the 15-member Security Council also bans the export of North Korean copper, nickel, silver, zinc, as well as statues which are mainly exported to African countries, according to Reuters.

Up to the end of October, China imported 18.6 million tonnes of coal from the totalitarian state, a nearly 13% rise from 2015.

The three-week ban will remain in effect until the end of the year. Coal shipped before Dec. 11 will be allowed to enter China.

There is speculation that suppressing the amount of coal imported by China will keep a fire lit under the price of coking coal, which has tripled in value since July and quadrupled over the past year – though recently come off the boil.

MINING.com reported that Chinese coal imports more than doubled from a year ago, to 27 million tonnes worth $1.7 billion during the month November. According to Asia Times, the total volume of coal imports for the first 11 months is up 9.2% compared to last year.

Trade figures released on Thursday reported by Asia Times also show China imported just under 92 million tonnes of iron ore in November, up 13.8% month on month and the third highest volumes on record.

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Venezuela to swap highest denomination banknotes for coins www.bbc.com

 
The Venezuelan government has announced it will replace the country's highest-denomination banknotes with coins within 72 hours.
It hopes swapping the 100-bolivar notes will help to stop smuggling and tackle shortages of food and other items.
President Nicolas Maduro says gangs operating in border areas will not have time to repatriate the notes.
His critics dismissed the move as the latest desperate attempt by Mr Maduro to tackle the economic crisis.
"When ineptitude governs! Who would possibly think of doing something like this in December amid all our problems?" opposition leader Henrique Capriles wrote on Twitter (in Spanish).
Others argued it would be impossible to swap all the 100-bolivar notes in circulation in the time allotted.
The 100-bolivar note has lost most of its value over the past few years and is now worth about 2 US cents (£0.015).
Venezuela, which is facing a serious economic and political crisis, has one of the world's highest inflation rates.
"I have given the orders to close all land, maritime and air possibilities so those bills taken out can't be returned and they're stuck with their fraud abroad," said Mr Maduro on television.
Earlier this month, the central bank said that six new bills ranging from 500 to 20,000 bolivars would come into circulation on 15 December.
The government last published figures for inflation in December 2015, putting it at 180%, but the International Monetary Fund (IMF) estimates that next year's prices will rise by more than 2,000%.
In India, a similar move to scrap high-value bank notes last month has caused major disruption.
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Foreign Minister discusses energy security with OSCE Secretary General www.mongolia.gogo.mn

 
On the sidelines of his participation in the 23rd Meeting of the OSCE Ministerial Council, Minister of Foreign Affairs of Mongolia Ts.Munkh-Orgil met with his counterparts from Hungary, Switzerland, Belaurs, Poland, Austria, Germany, Azerbaijan, Kazakhstan and Georgia, in Hamburg, Germany.
 
Minister Ts.Munkh-Orgil invited Mr Peter Szijjarto, the Minister of Foreign Affairs of Hungary, to the ceremony for launching the “Biocombinat” state-run industry modernization project with assistance of the Government of the Republic of Hungary, to take place in January.
 
The Mongolian FM conveyed Mongolia's proposal on adding the quota of Hungarian government scholarships for Mongolian students and training agricultural professionals for the additional quota. The Hungarian FM confirmed that it is possible and the sides agreed on signing a Memorandum of Understanding on the cooperation by the end of 2016.
Mr Munkh-Orgil also said Mongolia is interested in involving Hungarian companies in technological modernization and constructions at the sewage treatment facility of Ulaanbaatar, and agreed on studying the feasibilities for resolving financing with loan from Hungarian Ex-Im Bank.
 
During the meeting with Minister of Foreign Affairs of the Swiss Confederation D.Burkhalter, the sides agreed on formalizing an intergovernmental visa waiver agreement for diplomatic passport holders. Studying possibilities for freeing ordinary passport bearers from visa was also concerted. Minister of Foreign Affairs of Mongolia extended gratitude for the fact that the issue of continuation of the development aid to Mongolia through the Swiss Agency for Cooperation and Development has been discussed by the Swiss parliament.
 
As for the meeting with the Polish FM Witold Waszczykowski, the latter said the Polish government is taking efforts for re-opening its embassy in Mongolia. The sides agreed to restore the regular mechanism for economic cooperation and to attach more importance to the implementation of projects with export loans from Poland, as well as on promoting the Department of Mongolian studies in the Warsaw University.
 
Minister Ts.Munkh-Orgil congratulated Mr S.Kurz, the Austrian FM, on Austria's victory in the election for chairmanship of the Organization for Security and Cooperation in Europe (OSCE) in 2017. They discussed about the priorities Austria is assuming as the chair of OSCE and ways of effective utiliziation of Austrian Government’s soft loan to Mongolia.
FM Ts.Munkh-Orgil asked his counterpart to resolve the social insurance issues of the Mongolian nationals, who are returning home after studying and working in Austria and Poland.
 
The foreign ministers of Mongolia and Belarus concerted exchanging high-level visits in 2017 in order to broaden the bilateral economic ties. The Belarusian FM pledged support the Eurasian Economic Union’s Committee meeting for an issue of forming a research team on establishing Free Trade Agreement between Mongolia and the EEU.
 
Mr Munkh-Orgil exchanged opinions with Mr F.Steinmeier, the Federal Minister of Foreign Affairs of Germany, on widening bilateral economic cooperation and wished success to Mr Steinmeier as he is running for president of Germany, in the election to take place early 2017.
 
With the OSCE Secretary General, Mr Lamberto Zannier, the FM Ts.Munkh-Orgil discussed about strengthening the law enforcement of Mongolia and energy security and put forward a request to employing Mongolian representatives for the OSCE.
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Democratic Party begins registering candidates for party’s chairmanship www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The run-off for the office of the Democratic Party chairman has officially begun, stated DP Secretary General L.Erkhembayar and head of the DP chairman election committee J.Oyunbaatar at a press briefing today.
 
“The Democratic Party convened its 6th Congress on December 6 and 7, in attendance of 1,210 members representing the total of over 180 thousand DP members. The Congress made important decisions, such as for becoming more transparent, inclusive and responsible party and an online power. One of the historic decisions taken at this congress was to nominee the party’s chairman through holding a rally among all members”, said Mr L.Erkhembayar.
 
The DP chairmanship election committee is to be set up with 339 branches throughout the country consisting of 5 members each. The campaign will last from December 21 to January 28. On the following day, the election will run on the national level.
 
The Democratic Party members, who has updated and confirmed their memberships can cast their votes.
 
 
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Automaker Honda invests in ride-hailing service Grab www.reuters.com

 
Southeast Asian ride-hailing service Grab said on Monday it had secured an investment from Japanese automaker Honda Motor Co as part of a deal to collaborate on its motorbike-hailing service, in the latest auto industry tie-up of its type.
 
Grab said Honda had agreed to invest an undisclosed amount in the firm, and the two companies would form a partnership to develop the ride-sharing technology and related driver education programs.
 
Automakers such as Volkswagen (VOWG_p.DE), Toyota Motor Corp and General Motors also have tie-ups with ride-sharing firms to hedge against a shift in the vehicle market away from private ownership.
 
Grab, the biggest rival to ride-sharing service Uber Technologies Inc [UBER.UL] in Southeast Asia, raised $750 million in a funding round in September. A source familiar with the matter said the round valued Grab at more than $3 billion.
 
Earlier this month, Grab, whose services include taxi and motorbike-hailing, car-pooling, delivery and mobile payments, announced that Japanese financial services company Tokyo Century Corp had made a strategic investment in the firm for an undisclosed amount.
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Economic Watch: U.S.- China trade shows ongoing improvement www.xinhuanet.com.cn

 
BEIJING, (Xinhua) -- Trade between the world's two largest economies has shown signs of improvement as the U.S. trade deficit with China, a long-term U.S. concern, narrowed significantly in October.
 
In October, U.S. exports to China reached a three-year high of 13 billion U.S. dollars, contributing to the month's 4.2 percent decrease in the trade deficit with China, according to the U.S. Commerce Department.
 
The U.S. overall trade gap for the month grew 17.8 percent, the biggest increase since March 2015, to 42.6 billion dollars from the surprisingly low September deficit, data from the department showed.
 
China's measures to promote steady economic growth have contributed to the growing consumer appetite for U.S. imported goods, said Bai Ming, researcher with an institution affiliated with the Ministry of Commerce.
 
Chinese figures show that the nation's trade surplus with the U.S. has been growing since 2000, reaching 42.1 billion dollars in 2002 and surpassing 200 billion dollars in the January-November period of this year.
 
The growth has slowed in recent years, with just a 0.9 percent year-on-year increase in the first eleven months of this year, largely due to improvement of the trade balance between the two countries, experts have said.
 
With the transfer of processing trade, the main source of trade surplus between China and the United States, to other regions such as Southeast Asia, the trade gap between the two countries has narrowed in recent years, said Zhang Yansheng, head researcher with the China Center for International Economic Exchanges.
 
Customs data show that China has been the world's second largest importer for seven consecutive years, with its imports standing at 1.68 trillion dollars in 2015.
 
The nation's total imports are expected to reach 8 trillion U.S. dollars in the next five years.
 
In the first eleven months, China's overall trade surplus narrowed to 3.11 trillion yuan (about 457 billion U.S. dollars), down 5.8 percent from the previous year, latest customs data show.
 
China is pursuing an overall trade balance rather than addressing its trade imbalance with any particular country, experts have said.
 
During U.S. President-elect Donald Trump's campaign trail, he promised to bring back lost manufacturing jobs by renegotiating free trade deals and levying hefty tariffs on trade partners.
 
Though the remarks were aimed at appealing to voters, they show the growing tendency of protectionism in the United States, which will hurt itself as well as its trade partners, Bai said.
 
Trade between China and the United States reached 558.4 billion dollars in 2015, hundreds of times greater than in 1979 when China-U.S. diplomatic relations were established. The United States has become China's second largest trade partner while China is the U.S.' largest trade partner.
 
China-U.S. trade rose at an average annual growth rate of over 7 percent in recent years in defiance of the global downturn after the 2008 financial crisis.
 
U.S. goods and services, including 22 percent of its cotton, 26 percent of Boeing airplanes and 56 percent of its soybean, were sold to China, creating nearly a million jobs for the exporter.
 
For a long time, U.S. exports to China were mostly primary goods and agricultural products, but not products where the United States had a comparative advantage such as high-tech products, Zhang said.
 
To narrow the U.S. trade deficit with China, the United States should relax its restrictions on the export of high-tech goods to China, and combine its technology and experience with China's competitive equipment and industries, Bai said.
 
The two sides can also jointly develop the third-party markets and continue to promote trade in services, which will help balance bilateral trade, Bai added.
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S&P says South impeachment does not affect credit fundamentals www.reuters.com

 
S&P Global Ratings said on Monday that Friday's vote by South Korea's parliament to impeach President Park Geun-hye does not have a material impact on the country's credit rating.
 
"Although the political uncertainty could remain a distraction to policymakers for some time, we believe the effective Korean bureaucracy will keep the government running smoothly," the ratings agency said.
 
Park's duties have been temporarily assumed by the country's prime minister until a court rules on whether to uphold or overturn the impeachment vote.
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Ceremony marking Olympic stadium construction www3.nhk.or.jp

 
A ceremony to mark the start of full-fledged construction of Tokyo's new Olympic stadium has been held.
 
Leaders of the government and sports authorities gathered at the construction site on Sunday. Tokyo will host the Olympics and Paralympics in 2020.
 
Building work actually began on December 1st, more than a year later than planned. The government scrapped an initial design criticized as too costly.
 
The chairman of the Japan Sport Council, Kazumi Ohigashi, said at the ceremony that he hopes the new stadium will connect Japan and the world beyond the 2020 games.
 
Prime Minister Shinzo Abe said Japan has to make the Tokyo Olympics and Paralympics the number one event in the world. He said he believes that many athletes will challenge their limits in this new stadium and enliven people and society.
 
Tokyo Governor Yuriko Koike said she hopes the stadium will be remembered with the year 2020 and be loved by everyone for a long time to come.
 
Construction is scheduled to be completed in November 2019.
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Iron ore soars past $80 a tonne www.mining.com

 
Iron ore prices continued to rally on Friday, trading above the $80 a tonne level, even after falling $0.12 per tonne overnight.
 
The import price for 62% iron content fines at the port of Qingdao was at $81.66 a tonne, data from The Metal Bulletin Index shows, which means that — year to date — the price of the steelmaking raw material is up 85% or more than double its price of December 2015.
 
The rally has been largely attributed to strong infrastructure investment in China, as well as the country’s slowdown in supply growth, following Beijing’s decision to close 100 – 150 million tonnes of steel capacity through the end of the decade to increase profitability of remaining producers and tackle pollution.
 
Authorities are also pushing for consolidation of steel producers with a target of 60% market share for the top 10 steelmakers, which should translate into higher prices for steel, iron ore and met coal.
 
Soaring iron ore prices are also a result of increased demand from China, which according to official figures released Friday, reached 80 million tonnes in October, 7% more than in the same month last year.
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Qantas to fly from London to Australia non-stop www.bbc.com

 
Passengers will be able to fly from London to Australia non-stop when airline Qantas launches its new service from March 2018.
Australia's national carrier says it will connect Perth, in the west of the country, to the UK capital using Boeing 787-9 Dreamliners.
The 9,000 mile (14,498km) flight will take 17 hours.
Perth will be a hub for passengers from eastern Australia going to the UK, tourism minister Steven Ciobo said.
He also said the new service would boost employment and tourism in Australia, a sector growing three times faster than the rest of the national economy, and one that supports 580,000 jobs.
Mr Ciobo also said that the UK was Australia's third-largest source of international visitors, with 660,000 people travelling from there to Australia in 2015.
"When Qantas created the Kangaroo Route to London in 1947, it took four days and nine stops," Qantas chief executive officer Alan Joyce said.
"Now it will take just 17 hours from Perth non-stop."
He added: "The opportunities this opens up are huge.
"It's great news for travellers because it will make it easier to get to London. It's great news for Western Australia because it will bring jobs and tourism. And it's great news for the nation, because it will bring us closer to one of our biggest trade partners and sources of visitors."
The Boeing 787-9 Dreamliners used on the route will carry 236 passengers, Qantas said.
The new flights will make up the longest non-stop passenger route in the world.
The current longest non-stop scheduled flight is Emirates Airlines' 14,200-kilometre Dubai-to-Auckland, New Zealand, service, which takes 16 hours 35 minutes in an Airbus A380.
The first air travel connecting the UK to Australia began in 1935, flying passengers from Sydney to Singapore, where services linked with London-bound flights.
However, the journey time to London was 12 days and included a section on a train.
Qantas launched its pioneering weekly service on the Kangaroo Route on 1 December 1947, initially taking four days and carrying 29 passengers and 11 crew from Sydney to London.
The journey flew to Darwin, in northern Australia, and then on to Singapore, Calcutta in India, Karachi and Cairo, before it travelled to Tripoli, in Libya, and then on to London.
The announcement of the new route comes as Boeing also announced airline Iran Air was buying 80 of its passenger planes.
The 10-year deal includes the purchase of 50 Boeing 737 aircraft and 30 777 planes.
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