1 CHINA’S MONGOLIAN COAL IMPORTS UP 20% IN OCT, RUSSIAN IMPORTS SLIP 18% WWW.BRECORDER.COM  PUBLISHED:2025/11/21      2 S.KOREA-MONGOLIA JOINT COMMITTEE MEETING REAFFIRMS MINERAL COOPERATION WWW.KOREAPOST.COM PUBLISHED:2025/11/21      3 TEAM MONGOLIA FROM PHYSICAL ASIA: WHERE ARE THEY NOW? WWW.MOVIEDELIC.COM PUBLISHED:2025/11/21      4 N.UCHRAL: I’LL BE LENIENT WITH THE RIGHT, STRICT WITH THE WRONG WWW.GOGO.MN PUBLISHED:2025/11/20      5 MONGOLIAN BANKING SECTOR'S NET FOREIGN ASSETS DECLINE 16.1 PCT IN OCTOBER WWW.XINHUANET.COM PUBLISHED:2025/11/20      6 ON THE TALKS OF SECRETARY-GENERAL WITH THE MINISTER OF FOREIGN AFFAIRS OF MONGOLIA WWW.ENG.SECTSCO.ORG PUBLISHED:2025/11/20      7 MONGOLIA UNIFIES TO COMBAT NEW THREATS TO SNOW LEOPARDS WWW.SNOWLEOPARD.ORG PUBLISHED:2025/11/20      8 AMERICAN-CANADIAN BILLIONAIRE OPENS $2-BILLION PLATINUM MINE IN SOUTH AFRICA WWW.AFRICA.BUSINESSINSIDER.COM PUBLISHED:2025/11/20      9 EDUCATION INFRASTRUCTURE: 12 SCHOOLS, 24 KINDERGARTENS SET FOR 2025 LAUNCH WWW.MONTSAME.MN PUBLISHED:2025/11/20      10 MONGOLIA JAPAN HOSPITAL INTRODUCES SELECTIVE LASER TRABECULOPLASTY SYSTEM WWW.AKIPRESS.COM PUBLISHED:2025/11/20      Н.УЧРАЛ: ХУУЛЬ ТОТООХ ДЭЭД БАЙГУУЛЛАГААС ХУЛГАЙН СЭЖИГТНҮҮД БИШ ХУУЛЬ ТӨРЖ БАЙХ ЁСТОЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/21     ТЭРБУМ МОД САНГИЙН ТӨСЛИЙН СОНГОН ШАЛГАРУУЛАЛТ ЗАРЛАГДЛАА WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/11/20     ОЙЖУУЛАЛТАД ХАМГИЙН ИХ ХӨРӨНГӨ ОРУУЛАЛТ ХИЙЖ БАЙГАА ХУВИЙН ХЭВШЛИЙН САНГААР ТЭРБУМ МОД САНГ НЭРЛЭЛЭЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/11/20     МОНГОЛД ГАДНЫ БАНК НЭЭХ НЬ ХЭРЭГЛЭГЧДЭД ӨГӨӨЖТЭЙ Ч ДОТООДЫН БАНК САНХҮҮГИЙН САЛБАРТ ЭРСДЭЛТЭЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/20     ӨНГӨРСӨН САРД 11 УЛСЫН 240 ИРГЭНИЙГ АЛБАДАН ГАРГАЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/20     Х.НЯМБААТАР: ГАНДАН ОРЧМЫГ НОГООН БАЙГУУЛАМЖ БҮХИЙ ЖИШИГ ГУДАМЖ БОЛГОН ТОХИЖУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/20     ОЮУ ТОЛГОЙ ТӨСЛИЙН ХУВЬ НИЙЛҮҮЛЭГЧДИЙН ЗЭЭЛИЙН ХҮҮГ БУУРУУЛАХ ХЭЛЭЛЦЭЭ ҮРГЭЛЖИЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/20     УИХ-ЫН ДАРГААР Н.УЧРАЛ СОНГОГДЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/20     "ЧИНГИС ХААН" ОДОН ХҮРТЭЖ БУЙ С.НАРАНГЭРЭЛ ГЭЖ ХЭН БЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/20     ОХУ-ЫН БАНК САЛБАРАА МОНГОЛД НЭЭХ ҮҮ? WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/20    

Category

Events

Events

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

NEWS

64x64

Mongolia and European Investment Bank to pen cooperation agreement for 1 billion euros www.akipress.com

State Secretary of the Ministry of Finance of Mongolia Ganbat Jigjid met with Vice-President of the European Investment Bank (EIB) Tereza Czerwińska, who is visiting Mongolia to discuss ongoing cooperation and future partnership opportunities, Montsame reported.
The sides underlined that expanding bilateral cooperation would make a significant contribution to Mongolia's sustainable development, infrastructure advancement, and green transition.
The government of Mongolia, the European Union, and the EIB will sign a Memorandum of Understanding on Cooperation to secure 1 billion euros in financing. The cooperation will focus on priority sectors, including digital transformation, climate and energy, transportation, healthcare, and education, and will support Mongolia's green and sustainable growth, according to the Ministry of Economy and Development.
The MoU will be signed by EIB Vice-President Tereza Czerwińska and Deputy Prime Minister of Mongolia Dorjkhand Togmid during the Mongolia–EU Business and Investment Forum in Ulaanbaatar on October 15.
Mongolia has been cooperating with the EIB since 2014 and has received a total of 144 million euros in loans and grant financing. Projects being implemented under this partnership include the Aimag and Soum Regional Green Development Investment Program, which promotes climate-resilient, low-carbon development, and the Ulaanbaatar Ger Area Development Program, which supports polycentric urban planning and infrastructure improvement in ger districts.

...


64x64

2 die in suspected carbon monoxide poisoning in Mongolia's capital www.xinhuanet.com

Two people have died from suspected carbon monoxide poisoning in Mongolia's capital Ulan Bator since the beginning of October, the country's National Center for Public Health reported Tuesday.
The victims were found in a house and a traditional round-shaped dwelling, known as a ger, in slums on the outskirts of Ulan Bator. Both were believed to have died while sleeping during the nighttime, the center said in a statement.
A preliminary investigation suggested the deaths may have been caused by smoke leaking from stove chimneys.
Mongolia is the world's most sparsely populated country. However, housing is one of the most pressing issues in Mongolia, especially in the capital city, home to over half of the country's population of 3.5 million.
More than half of Ulan Bator's residents live in the city's ger districts, with no running water, central heating, or sewerage systems.

 

...


64x64

India, Mongolia ink 10 pacts, ties elevated to strategic partnership www.indianexpress.com

India on Tuesday decided to fund an oil refinery project, give training to Mongolian armed forces, give free e-visas to Mongolian citizens and have cultural ties between Ladakh and a province of the east Asian nation as Prime Minister Narendra Modi and visiting Mongolian President Khurelsukh Ukhnaa met Tuesday.
After the bilateral meeting at Hyderabad House, PM Modi said the two countries had elevated their ties to a strategic partnership of about 10 years. They signed 10 pacts in the area of cultural exchange, immigration cooperation, promotion of cooperatives, humanitarian aid, geology and mineral resources, yoga and renovation of the Bogd Khan Palace.
“Our defence and security cooperation is also steadily strengthening. We have launched several new initiatives, from training programmes to the appointment of a Defence Attaché at the Embassy. India will also launch a new capacity-building programme for Mongolia’s border security forces,” he said.
“India has been a strong and reliable partner in Mongolia’s development. The Oil Refinery Project, supported by India’s $1.7 billion line of credit, will strengthen Mongolia’s energy security. It is India’s largest development partnership project globally, with over 2,500 Indian professionals working alongside Mongolian counterparts,” Modi said.
Terming the two nations “spiritual siblings” as they share the age-old bond of Buddhism, the PM said, “Next year, the holy relics of two great disciples of Lord Buddha — Sariputra and Maudgalyayana — will be sent from India to Mongolia.”
He said India will also send a Sanskrit teacher to Gandan Monastery to support in-depth study of Buddhist texts. “We have decided to soon launch a project to digitize one million ancient manuscripts. Nalanda University has played a vital role in Buddhism in Mongolia, and today we have agreed to strengthen this historic connection by linking Nalanda with Gandan Monastery.”
Modi said the MoU signed today between the Ladakh Autonomous Hill Development Council and Mongolia’s Arkhangai Province will give a fresh boost to cultural ties. He said their approach to global issues is based on “shared values”. “We stand as close partners in international forums, supporting a free, open, inclusive and rules-based Indo-Pacific. Together, we also work to amplify the voice of the Global South.”
He said, “We have also strengthened our cooperation in skill development. Through the Atal Bihari Vajpayee Centre of Excellence for IT and the India-Mongolia Friendship School, the aspirations of Mongolia’s youth are reaching new heights.”
President Khurelsukh planted a banyan tree in honour of his late mother as part of the initiative “Ek Ped Maa Ke Naam”. “Our relations are built on a solid foundation of trust and friendship between two ancient civilizations. They are nurtured by a shared cultural heritage, democratic values, and a shared commitment to development. I am confident that together we will take this strategic partnership to new heights,” he said. He hailed India’s leading role in the clean energy sector and specifically referred to the New Delhi-led International Solar Alliance.
MEA’s Secretary (East) P Kumaran said, “Critical minerals and renewable energy… Mongolia has large reserves of coking coal… and India buys coking coal from a variety of partners including Canada, Indonesia, Australia etc. Mongolia offers itself as a potential partner for this. The difficulty of course happens to be the fact that Mongolia is landlocked and depends on ports and neighboring countries to be able to ship out the coal. Most of their coal is currently exported to China.”
“If India is to buy coking coal from Mongolia, it will have to be either through Tianjin port in China or through Vladivostok in Russia. The economics need to be figured out. I understand that the Russian option is more expensive than the Chinese option. So, we are talking to the Russians and the Mongolians to see what kind of arrangements can be made to bring Mongolian coal through the Trans-Siberian Railway to Vladivostok and see how exactly the economics plays out.”

...


64x64

India-backed oil refinery in Mongolia to begin operations by 2028 www.deccanherald.com

New Delhi: Mongolia’s first oil refinery, being supported by a Line of Credit extended by the Government of India, may start operations by 2028, four years behind schedule, and lessen the landlocked East Asian nation’s dependence on imports from Russia and China.
“The oil refinery project, supported by India's $1.7 billion Line of Credit, will strengthen the energy security of Mongolia,” Prime Minister Narendra Modi said after a meeting with President Khurelsukh Ukhnaa of the East Asian country in New Delhi on Tuesday.
The construction of the refinery started in 2018. Though it was expected to be completed by 2024, the construction was delayed. “Almost all the civil work is over. The refinery equipment is being manufactured in India and will be shipped to Mongolia. It seems to be on track, and we expect that by 2028, the refinery should be in operation,” P Kumaran, Secretary (East) at the Ministry of External Affairs, told journalists in New Delhi.
He was briefing the journalists about the meeting between Modi and Khurelsukh. “The Mongolians want to use their own crude, which is mostly exported now, to be fed into this refinery so that they can be as energy independent as possible. That is something we want to support, and we hope to see this through by 2028,” added Kumaran.
Modi noted that defence and security cooperation between India and Mongolia was also steadily strengthening. “We have launched several new initiatives, from training programs to the appointment of a Defence Attaché at the Embassy. India will also launch a new capacity-building program for Mongolia's border security forces,” he added.
"It is a deep, soulful, and spiritual bond. The depth and scope of our partnership is reflected in our people-to-people ties," said the president of Mongolia. “Both our countries share the age-old bond of Buddhism, which is why we are also called spiritual siblings," he added.

...


64x64

Troy Minerals Inches Closer to Mine Permit at Silica Project in Mongolia www.investingnews.com

“If all goes well, as we planned with our team in Mongolia and in Canada, we hope to receive that (permit) sometime in early 2026, and initiate mining operations as early as late February to early March,” said Troy Minerals President Yannis Tsitos.
Troy Minerals (CSE:TROY,OTCQB:TROYF,FWB:VJ3) is expecting to receive a complete mining permit to commence production at its high-purity silica project in Mongolia by early 2026. This as the company recently reached a key milestone in the permitting process for the Tsagaan Zalaa project, according to Troy Minerals President Yannis Tsitos.
“This is the most important step in terms of a milestone, because it was (the result) of a specific council of 15 members that the ministry appoints to check your project, the data, the requirements, but also the deliverables, community relations, all the other aspects in relation to the environment,” Tsitos said in an interview with the Investing News Network.
He explained it’s now just a matter of months, if not several weeks, to complete the remaining administrative steps toward a full mine operating license, which the company expects to receive at the beginning of next year.
“If all goes well, as we planned with our team in Mongolia and in Canada, we hope to receive that (permit) sometime in early 2026, and initiate mining operations as early as late February to early March,” Tsitos said.
The Tsagaan Zalaa high-purity silica project is located in Saikhandulaan soum, Dornogovi province, in Southeastern Mongolia. It’s strategically positioned to serve the growing regional demand for high-purity quartz silica, particularly in China and other parts of Asia.

...


64x64

Central Bank Discusses Future of Digital Payments in Mongolia www.montsame.mn

The Central Bank of Mongolia recently held a regular meeting of the National Payment System Council, bringing together representatives from banks, fintech companies involved in the payment system, government agencies, and law firms.
In the opening session, the Bank of Mongolia presented upcoming legal reforms and work plans to be developed within the National Payment System next year. The bank welcomed feedback and suggestions from all participants and facilitated an open roundtable discussion.
Anar Enhkbold, Director of the Settlement Department of the Central Bank of Mongolia, a leading authority in digital transaction systems, noted that at the SIBOS 2025 conference (SWIFT International Banking Operations Seminar), held in Frankfurt, Germany, and focused on integrated banking and financial sectors, there was extensive discussion on the future of blockchain-based electronic wallets, stablecoins, tokenized savings to align with global trends in payment technologies.
In its draft monetary policy for 2026, the Bank of Mongolia announced plans to “support new financial products and services and explore the possibility of using stablecoins as a means of payment.” Accordingly, the meeting also addressed global developments in payment systems and financial markets, and explored the potential for introducing stablecoins and tokenized savings in Mongolia.

...


64x64

Teachers to go on strike starting Thursday www.gogo.mn

Education sector workers nationwide have announced an indefinite strike to demand higher wages. The strike is set to begin at 8:00 AM on October 16, 2025.
On September 24, representatives of Mongolian teachers marched in Sukhbaatar Square, calling for a salary increase. Last week, they circled the State Palace and held a peaceful sit-in in the square to continue pressing their demands.
Teacher representatives had earlier stated that they would initiate a strike if their protests did not bring concrete results. 
Some schools have already notified parents that classes will be suspended starting Thursday due to the strike.

...


64x64

Mongolia inflation accelerates to 9.0 pct in September www.xinhuanet.com

Mongolia's annual inflation rate accelerated to 9.0 percent in September, the National Statistics Office (NSO) said Tuesday.
This figure reflects a 2.7-percentage point increase compared to the same period last year and a 0.2-percentage point increase from the previous month, the NSO said in a statement.
Mongolia's central bank plans to keep inflation within 5 percent (±2 percentage points) starting from 2027 to ensure macroeconomic and financial stability.
The landlocked Asian country's economy grew 5.6 percent in the first half of 2025, according to the statistical agency.
Meanwhile, the World Bank has predicted that Mongolia's economy would grow by 5.9 percent in 2025 and 5.6 percent in 2026.

...


64x64

Economy forecasted to grow by 5-6% in 2026 www.ubpost.mn

On October 10, Parliament discussed the draft resolution on the approval of the Main Directions of the State Monetary Policy in 2026, submitted by Mongol Bank on September 30. Governor of the Central Bank B.Lkhagvasuren presented the proposal, outlining the nation’s economic performance and key monetary policy goals for the coming year.
According to the bank, the country’s economy has stabilized and grew by 5.6 percent in the first half of 2025. The agricultural sector, which recovered strongly after the severe zud of last winter, expanded by 35.6 percent and accounted for more than half of the total growth. Railway and housing construction have been active, resulting in a 25.2 percent increase in the construction sector, while the service sector grew by 4.5 percent, all contributing positively to overall economic expansion. The bank projects that the increase in copper mining and the continuation of new construction projects in the second half of the year will support growth, keeping the economy on a steady five to six percent path in 2025 and 2026.
Inflation, which declined from February to July this year, rose slightly in August due to higher domestic food prices. It may intensify in the coming months but is expected to gradually decline and enter the target range in 2026. Governor B.Lkhagvasuren emphasized the importance of implementing countercyclical fiscal policies to meet the inflation target and avoid imbalances in the economy. He noted that large construction projects should be financed mainly from external sources, warning that relying too heavily on domestic financing could increase inflationary pressures, affect the exchange rate, and disturb economic stability. He stressed that stabilizing the supply of basic goods and improving food production through technological solutions are essential for maintaining low and stable inflation and protecting citizens’ real incomes.
In terms of external trade, coal export revenue in the first eight months of this year was 2.7 billion USD lower than in the same period last year. As foreign trade slows and the current account deficit widens, inflows of foreign currency are being supported by loans and bonds from the government, banks, and the private sector. The Governor explained that the future outlook for the balance of payments will depend largely on global mineral prices, trading partners’ tariff policies, and the economic performance of major partners such as China. He warned that China’s economic growth is expected to slow further, creating a less favorable price environment for coal and iron ore. Therefore, it is essential to apply a balanced set of macroeconomic policies, reduce the current account deficit, and ensure that major construction projects do not place additional pressure on foreign exchange reserves.
B.Lkhagvasuren also pointed out that external risks remain high. Slowing global demand due to geopolitical tensions, falling prices of key export commodities, potential delays in oil supplies, severe winter weather and power shortages could negatively affect export revenues and increase inflation. Despite these risks, Mongol Bank expects inflation to stabilize within a range of six plus or minus two percentage points next year and to be reduced to five percent by 2027. The Governor stated that government support and countercyclical fiscal measures will be crucial for achieving this goal.
He also said that while Mongolia’s economy is on a stable growth path, sustaining that momentum will require prudent fiscal management, careful external borrowing and consistent policy coordination. The 2026 monetary policy aims to maintain economic stability, strengthen resilience against external shocks and create conditions for sustainable and inclusive growth.

...


64x64

Mongolian President Arrives On Four-Day State Visit www.stratnewsglobal.com

Mongolia’s President Khurelsukh Ukhnaa arrived in India today for a four-day state visit, his first since assuming office.
Invited by President Droupadi Murmu, the visit reflects a growing convergence between New Delhi and Ulaanbaatar across areas including energy, defence, and critical minerals.
The visiting leader, accompanied by cabinet ministers, lawmakers, and business leaders, will hold formal talks with Prime Minister Narendra Modi and also meet Vice President C.P. Radhakrishnan, Defence Minister Rajnath Singh, and External Affairs Minister S. Jaishankar.
Marking 70 years of diplomatic relations, the visit aims to review bilateral progress and set a new strategic direction with agreements expected in mining, digital cooperation, renewable energy, and defence.
The visit highlights deepening policy alignment between Mongolia’s “Third Neighbour” policy—meant to diversify ties beyond China and Russia—and India’s “Act East” policy, which seeks stronger links across East and Central Asia. The Indian Ministry of External Affairs described the two nations as “spiritual neighbours with shared civilisational values and strategic outlooks.”
Agreements are expected to enhance India’s access to Mongolia’s mineral wealth, particularly rare earths and coking coal. Indian firms such as JSW Steel and SAIL are reportedly exploring long-term supply deals from the Tavan Tolgoi mines, seen as vital to India’s clean energy and manufacturing goals.
A centrepiece of economic cooperation is the Dornogobi Oil Refinery project, funded through a $1.7 billion Indian line of credit. Once operational by 2026–27, it is expected to meet over 60% of Mongolia’s fuel demand, reducing dependence on Russian imports.
While Mongolia’s landlocked geography poses logistical hurdles, connectivity is gradually improving. From November, MIAT Mongolian Airlines will begin direct flights to Singapore, enhancing links with India and Southeast Asia. Bilateral trade stood at $110 million in 2024, with both sides seeking to expand cooperation in IT, pharmaceuticals, and digital services.
Defence cooperation has grown through exercises like Nomadic Elephant and Khan Quest, with Mongolia recently appointing its first Defence Attaché to India. India has supplied select equipment such as all-terrain vehicles and cybersecurity systems, though both sides maintain a balanced approach to defence engagement.
On multilateral issues, Mongolia supports India’s bid for a permanent seat at the UN Security Council, while India backs Mongolia’s outreach efforts. Despite Mongolia losing observer status at the Shanghai Cooperation Organization in 2025, the two nations remain aligned on counterterrorism and regional connectivity. Both are active participants in UN peacekeeping and share a commitment to multilateralism.
Beyond strategic issues, the partnership draws strength from shared Buddhist heritage. Over 400 Mongolian monks are studying in India, and cultural exchanges continue through academic collaborations and festivals. The 25th Ganga Nrit dance festival saw participation from over 450 Mongolian delegates.
Educational and medical cooperation are also expanding, with rising numbers of Mongolian patients seeking treatment in India under relaxed visa norms.
President Khurelsukh’s visit is expected to strengthen the partnership with agreements covering long-term mineral exports, green energy collaboration, digital innovation, education, and cultural tourism—laying the foundation for a deeper and more pragmatic India-Mongolia relationship.

 

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook