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

Order of “Chinggis Khaan” to be awarded to academician and lawyer S.Narangerel www.gogo.mn

On the occasion of National Pride Day, the 863rd anniversary of the birth of Great Emperor Chinggis Khaan, observed this year on November 21, the President has issued a decree awarding the country’s highest state honour.
S.Narangerel, Honored Scientist of Mongolia, Academician of the Mongolian Academy of Sciences, Doctor of Law, Professor, will be awarded the Order of “Chinggis Khaan”, in recognition of outstanding achievements in science and law.
The presidential decree names the recipient each year to mark National Pride Day, honouring individuals whose work has significantly contributed to the nation’s development and international standing.

...


64x64

PM G.Zandanshatar proposes boosting coal exports to China to 100 million tons www.gogo.mn

During a meeting in Moscow, Prime Minister G.Zandanshatar discussed deeper economic cooperation with Chinese Premier Li Qiang, proposing a package of trade and infrastructure measures aimed at substantially expanding bilateral commerce.
G.Zandanshatar said Mongolia is ready to advance cross-border railway projects in stages, including the Shiveekhuren–Sekhee, Khangi–Mandal and Bichigt–Zuunkhatavch lines, to improve connectivity and logistics. He proposed increasing the physical volume of coal exports to China to 100 million tons, diversifying the two countries’ trade structure, and raising bilateral trade to USD 20 billion by easing and expanding quarantine protocols for agricultural products.
Premier Li Qiang expressed confidence that Mongolia–China relations will continue to develop steadily and long-term, and reiterated that China’s large market remains open to Mongolian goods. Both leaders also underlined the importance of advancing the trilateral natural gas pipeline project linking Russia and China through Mongolian territory, a project previously agreed by the heads of state of Mongolia, China and Russia.

...


64x64

Mongolia's unemployment rate down 0.6 pct in Q3 www.xinhuanet.com

The unemployment rate in Mongolia decreased by 0.6 percent in the third quarter of 2025, compared with the same period last year, the country's National Statistical Office (NSO) said Wednesday.
During the period from July to September, a total of 80,600 people were registered as unemployed in Mongolia, more than half of whom were female. And the highest unemployment rate went to people aged 15-24.
The total number of people in the Asian country's labor force stood at more than 1.5 million at the end of last month, the agency added.
According to statistics, the female population of Mongolia is 1.8 million people, and the total population of the country exceeds 3.5 million. At the same time, every fifth woman in Mongolia had attained a bachelor's degree.

...


64x64

China Donates Clinical Training Facility to Pediatric Rehabilitation Center www.montsame.mn

The Rehabilitation and Development Center for Children with Disabilities (RDCCD), built with support from the Government of China, has become a cornerstone in advancing early detection and developmental support for children with disabilities in Mongolia.
Established as a symbol of Mongolia-China friendship, commemorating the 70th anniversary of diplomatic relations between the two countries, the RDCCD continues to expand its services and impact.
Most recently, a newly equipped clinical training room was officially opened at the center. Funded by the Embassy of China in Ulaanbaatar, the facility is designed to enhance the skills of doctors and medical specialists working with children facing developmental challenges.
The handover ceremony was attended by Saran Gombojav, Advisor to the Minister of Family, Labour and Social Protection; Shen Minjuan, Ambassador of China to Mongolia; An Ye, Chairman of the Board of CTCE Group, a leading Chinese infrastructure and engineering company; Gerel Dovdondorj, Director of the General Authority for the Development of Persons with Disabilities; and Amarjargal Myangaa, Director of the RDCCD, who presented an overview of the center’s mandate and service delivery model.
The RDCCD integrates modern diagnostic and therapeutic tools, offering a wide range of services, including speech, language, and motor therapy, as well as care and rehabilitation counseling for children aged 0 to 16 with developmental challenges.
Recent reports indicate that over 11,000 children aged 0 to 18 in Mongolia are living with disabilities, underscoring the importance of expanding specialized services and professional training in the sector.

...


64x64

China willing to expand trade with Mongolia -- Chinese premier www.xinhuanet.com

China is willing to further expand trade volume with Mongolia and explore cooperation in emerging fields such as green energy and digital economy, Chinese Premier Li Qiang said here on Tuesday when meeting with Mongolian Prime Minister Gombojav Zandanshatar.
Describing China and Mongolia as close neighbors connected by mountains and rivers, Li said maintaining a long-term, stable, and friendly cooperative relationship serves the fundamental interests of the peoples of both countries.
The meeting between Chinese President Xi Jinping and Mongolian President Ukhnaa Khurelsukh in Beijing in September charted the course for advancing bilateral ties, he added.
Li said China has always regarded Mongolia as an important priority in its neighborhood diplomacy, and is willing to work with Mongolia to take the building of a China-Mongolia community with a shared future as the guiding principle for developing bilateral relations.
China is ready to further strengthen strategic communication with Mongolia, respect and accommodate each other's core interests and major concerns, expand pragmatic cooperation, and promote the continuous growth of the comprehensive strategic partnership between the two countries, the Chinese premier said.
Noting that China and Mongolia have strong economic complementarity, Li said China is willing to strengthen the alignment of development strategies and enhance cooperation in traditional fields such as mineral and energy resources, infrastructure, and connectivity to forge more drivers for interest convergence and cooperation.
He said that China supports closer exchanges between neighboring Chinese provinces and regions and Mongolia, tapping into the potential for cooperation, and jointly promoting international cooperation in the Altai sub-region.
Both sides should promote exchanges among political parties, academic circle, media and youth, continuously deepen mutual understanding, and enhance mutual trust and friendship, Li said, adding that China is willing to strengthen communication and coordination with Mongolia on regional affairs and jointly safeguard peace and stability for both countries and the region.
Zandanshatar, for his part, extended his congratulations on the successful fourth plenary session of the 20th Central Committee of the Communist Party of China, during which recommendations for the formulation of China's 15th Five-Year Plan (2026-2030) for economic and social Development were reviewed and approved.
China, he noted, has always adhered to the principles of amity, sincerity, mutual benefit and inclusiveness in neighborhood diplomacy.
The relations between Mongolia and China have long been friendly, which Mongolia highly appreciates, he added.
Maintaining friendly cooperation with China is a primary guideline in Mongolia's foreign policy, Zandanshatar said.
He also said that Mongolia firmly adheres to the one-China policy, adding that Taiwan, Hong Kong, Xinjiang and Xizang are inalienable parts of China's territory.
The Mongolian side expresses gratitude to the Chinese side for providing valuable assistance to its economic and social development over a long period of time, he said.
He also expressed Mongolia's readiness to work together with the Chinese side to implement the important consensus reached by the two heads of state, enhance the alignment of development strategies, expand mutually beneficial cooperation in areas such as connectivity, infrastructure construction, mining and green energy, and achieve common development.
Mongolia is also willing to enhance communication and cooperation with China within multilateral frameworks such as the Shanghai Cooperation Organization, and make greater contributions to promoting regional peace, development and prosperity, he added.

...


64x64

Mongolia ready to permit opening of Russian bank branch — prime minister www.tass.com

Mongolia is prepared to permit a Russian bank branch to open in the country to resolve payment difficulties amid sanctions, Prime Minister Gombojavyn Zandanshatar said during a meeting with Russian President Vladimir Putin.
"An important topic for us remains the issues of mutual payments, settlements and trade. Today, our finance ministers have almost reached an agreement on solving these problems. We are ready to grant all permissions to open a branch of a Russian bank. We can carry out all payments, all settlements through it," he stated.

...


64x64

Russia, Mongolia steadily developing cooperation — Putin www.tass.com

Cooperation between Russia and Mongolia is developing steadily, Russian President Vladimir Putin said at a meeting with visiting Mongolian Prime Minister Gombojav Zandanshatar.
"I am very glad to see you. We met not long ago and had an opportunity to discuss our current affairs in many areas of high priority for both Mongolia and Russia. In general, we are very glad that the situation is at a good level from the point of view of developing cooperation," he said. "Our bilateral relations are developing steadily."
Putin cited statistics that in the first eight months of the current year trade between Russia and Mongolia grew by 7.9%. "It’s worth noting that in the present-day conditions, a growth of nearly 8% is a good figure," he said.
Apart from that, the Russian president recalled that this year marks the 105th anniversary of diplomatic relations between the two countries. "We are thankful to the Mongolian president for sharing with us the May 9 celebrations when he attended festive events on the anniversary of Victory in the Great Patriotic War (of 1941-1945 the Eastern Front during WWII where the former Soviet Union fought against Nazi Germany - TASS)," Putin added.

...


64x64

Former Rio boss Jacques called to give evidence to Mongolian inquiry www.afr.com

Former Rio Tinto chief executive Jean-Sebastien Jacques and several current Rio executives have been called to provide evidence to a Mongolian parliamentary inquiry into cost blowouts at the Oyu Tolgoi copper mine.
The mine is expected to be one of the world’s top-five producers of the red metal by the end of this decade but remains politically contentious in Mongolia after construction took almost two years longer than expected and cost almost $US1.7 billion more than planned.
Jean-Sebastien Jacques has had plenty of time to mess with the winning formula.  Bloomberg
The Mongolian government is a 34 per cent shareholder in the mine and was directly affected by the cost surges, while the schedule blowouts delayed the revenue that was expected from the project.
A parliamentary committee was established in September to investigate the blowouts and is scheduled to hold public hearings between December 8 and 12.
Close to 300 witnesses have been called by the inquiry, including several former Mongolian prime ministers and presidents, as well as Jacques, who was Rio chief executive between 2016 and 2020.
Before he became CEO, Jacques was Rio’s copper boss and struck a crucial agreement with the Mongolian government in 2015 to spend $US5.7 billion turning the small open-pit mine at Oyu Tolgoi into a giant underground mine.
That 2015 agreement ended a three-year impasse and was pivotal in Jacques being promoted to Rio CEO in early 2016.
Although Jacques could choose to ignore the invitation, the summons will be harder to ignore for current Rio staff, such as Brisbane-based Mongolian national Munkhsukh Sukhbaatar, Rio’s managing director for copper strategy and growth.
Another rising star at Rio, Chris Aitchison, has also been summoned to provide evidence.
Aitchison has spent the past three years working in Guinea helping to build the Simandou iron ore project. He is one of the favourites to be the next chief executive of the Mongolian company that owns the mine, Oyu Tolgoi LLC, with the incumbent Deirdre Lingenfelder set to step down on December 9.
The list of former Rio executives called to give evidence includes former copper boss Arnaud Soirat, former Oyu Tolgoi president and now Kincora Copper chairman Cameron McRae and former finance executive Luke Colton, who is now chief financial officer of Lithium Americas.
The inquiry is also keen to get evidence from Richard Bowley, the former Oyu Tolgoi employee who claimed in a United Kingdom court that Rio should have disclosed the cost and schedule blowouts to investors sooner.
Bowley told The Australian Financial Review he would decline the invitation to testify as he was disappointed by the limited scope of the inquiry.
Controversy over Oyu Tolgoi is nothing new for Rio, which was this year accused by the Mongolian government of being involved in political bribery in the UK High Court, as part of a claim designed to force Rio to produce more internal documents.
The High Court ruled that Rio did not have to produce the documents in an effective defeat for the Mongolian government.
A Rio spokesman confirmed the miner was aware of the hearings.
“Oyu Tolgoi and Rio Tinto acknowledge the parliamentary temporary oversight committee’s announcement regarding a hearing scheduled for early December 2025,” he said.
“We remain committed to constructive engagement with the committee and its inspectors and continue to provide requested information and documentation.”
Rio forgave $US2.4 billion of debt owed by the Mongolian government in 2022, but the parties continue to argue over tax and Mongolia is pushing for the interest rate on its remaining debts to be lowered.
“Negotiations between Rio Tinto and the government of Mongolia on the shareholder loan interest rate and the management agreement are ongoing,” said the Rio spokesman.
Mongolia forced the Oyu Tolgoi mine to make a significant engineering change in June, when it delayed approval for the mine to push into neighbouring tenements that are part-owned by Canadian company Entree Resources.

...


64x64

Meeting between Mikhail Mishustin and Prime Minister of Mongolia Gombojavyn Zandanshatar www.government.ru

The meeting took place on the sidelines of the SCO Heads of Government Council meeting.
Mikhail Mishustin: Mr Zandanshatar, First of all, I would like to ask you to convey greetings and best wishes to President of Mongolia Ukhnaagiin Khürelsükh from President of the Russian Federation Vladimir Putin, and from me personally.
Mongolia is our strategic partner in the Asia-Pacific region. Our relationship is founded on a long-standing tradition of friendship and mutual support between the peoples of Russia and Mongolia.
The negotiations between President Vladimir Putin and Mr Khürelsükh on 7 May in Moscow and 2 September in Beijing confirmed our shared interest in further deepening multifaceted Russian-Mongolian cooperation. Through our governments, we are creating favourable conditions to advance strategic projects, primarily in energy, industry, transport, and culture.
Our Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation is functioning actively. It is chaired by our Minister of Natural Resources and Environment Alexander Kozlov. We await the appointment of a new co-chair from the Mongolian side. Subject to your agreement on the date, we propose holding the Commission’s next meeting in Ulaanbaatar before the end of the year.
We are strengthening cultural cooperation and assisting Mongolia in training its national personnel. Over 70,000 Mongolian citizens have graduated from Russian higher and secondary educational institutions. It is particularly pleasing that you, Mr Prime Minister, are one such representative. We consider it important to expand the teaching of the Russian language in Mongolia.
We regularly hold Days of Culture and Days of Russian-Mongolian Friendship, conduct joint research expeditions, and are expanding our contacts in sport.
This year marks the 80th anniversary of our Great Victory over German Nazism and Japanese militarism. The joint participation of President Vladimir Putin and Mr Khürelsükh in the commemorative events in May in Moscow and in September in Beijing has become a new symbol of friendship and a reminder of the shared historical memory of the peoples of Russia and Mongolia.
Mr Zandanshatar, the floor is yours.
Gombojavyn Zandanshatar (via interpreter): Mr Mishustin, I am delighted to accept your invitation to participate in the expanded meeting of the Council of Heads of Government of the Shanghai Cooperation Organisation Member States and in this personal meeting with you.
First, I would like to state that Mongolia is committed to developing equitable relations with the Russian Federation, as well as to a comprehensive strategic partnership between our countries. We will work towards this end.
This year has seen numerous highest- and high-level ceremonial events. These include the event marking the 80th anniversary of Victory in the Great Patriotic War, in which the President of Mongolia participated, while I personally took part in the Eastern Economic Forum and met with President Vladimir Putin.
All agreements at the level of our heads of state are of the utmost importance, and we will do everything to ensure they are implemented in practice. We will pay particular attention to working very closely in this direction.
I would like to address the following issues of bilateral cooperation.
First, trade and economic relations; second, the transport sector; third, the energy sector; fourth, geology and mining; fifth, agriculture; sixth, trilateral cooperation between Mongolia, Russia, and China; as well as other matters.
You also mentioned that we marked the 80th anniversary of Victory over fascism and our joint victory in the Battle of Khalkhin Gol.

...


64x64

Wool, Cashmere Industry Export Potential: USD 1 Billion www.montsame.mn

The Bank of Mongolia held the Non-Mining Export and Supply Chain Financing Conference on November 17, 2025, to discuss how Mongolia can unlock new economic potential by strengthening its non-mining sectors, especially wool and cashmere.
Despite having a livestock population of 57.65 million in 2024, Mongolia continues to export the majority of its animal fibers in raw or semi-processed form. Non-mining exports of cashmere, wool, hair, skins, and hides generate an estimated USD 400 million annually, yet account for only 7 percent of total export volume, compared to 93 percent from minerals.  
Lkhagvasuren Byadran, Governor of the Bank of Mongolia (BoM), highlighted a study showing that with targeted investment and better value chain development, the wool and cashmere sector alone could generate over USD 1 billion annually. Currently, only 8.4 percent of processed cashmere is turned into finished consumer products, revealing a major gap in value-added production.
The forum emphasized the need for tailored financial instruments to support textile and fiber processing. Director of the Research and Statistics Department at BoM, B. Dulamzaya, reported that, as of early 2025, Mongolia has shifted its export focus from washed to combed cashmere – a higher value product that earns 1.8 times the price.
The average loan in the processing sector is MNT 1.275 billion, with interest rates of 11.2 percent and a 28-month term.
As of the third quarter of 2025, MNT 1.419 trillion had been disbursed to over 4,000 borrowers, with MNT 42.4 billion directed specifically to wool and cashmere processing. Of these, 16 borrowers received MNT 42.4 billion specifically allocated for wool and cashmere processing and raw material preparation. As of October 31, 2025, a single borrower held an outstanding loan balance of MNT 408 million. Out of 303 loan applications totaling MNT 876.1 billion, 168 borrowers were approved for financing amounting to MNT 473 billion. Currently, enterprises in the cashmere sector operate under an average interest rate of 8.1 percent, with loan maturities averaging 23 months. These firms collectively hold a loan balance of MNT 4.9 billion, with average monthly repayments of MNT 234 million, reflecting stable credit activity and a consistent repayment capacity across the industry.
The event brought together representatives from the Mongolian Bankers Association, the Wool and Cashmere Association, domestic producers, commercial banks, and international financial institutions to discuss how to scale up financing and industrial capacity.

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook