1 14TH MBD MISSION FOR MBCC'S "DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION" AND BUSINESS PROGRAM DEC 08- 14. 2025 LONDON, UK WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/09/16      2 IMF WRAPS UP 2025 ARTICLE IV TALKS WITH MONGOLIA WWW.IMF.ORG PUBLISHED:2025/09/16      3 POSCO INTERNATIONAL TO LAUNCH WASTEWATER HEAT DISTRICT HEATING PROJECT IN MONGOLIA WWW.CM.ASIAE.CO.KR  PUBLISHED:2025/09/16      4 MONGOLIA'S EXTERNAL DEBT UP 12.7 PCT IN Q2 2025 WWW.NEWS.AZ PUBLISHED:2025/09/16      5 2025 AUTUMN SESSION OF THE STATE GREAT KHURAL COMMENCES WITH STRUCTURAL REFORMS WWW.MONTSAME.MN PUBLISHED:2025/09/16      6 MONGOLIA SURPASSES 617,000 TOURIST ARRIVALS BY MID-SEPTEMBER 2025 WWW.MONTSAME.MN PUBLISHED:2025/09/16      7 ODD-EVEN TRAFFIC RESTRICTION CONCLUDES WWW.UBPOST.MN PUBLISHED:2025/09/15      8 MMC ANNOUNCES FIRST GOLD POUR COMPLETED AT THE BAYAN KHUNDII MINE IN MONGOLIA WWW.SG.FINANCE.YAHOO.COM  PUBLISHED:2025/09/15      9 MKE LAUNCHES CARTRIDGE PRODUCTION LINE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/15      10 MONGOLIA’S LARGEST MINING EVENT HIGHLIGHTS INVESTMENT AND RESPONSIBLE MINING WWW.MONTSAME.MN PUBLISHED:2025/09/14      14 ДЭХЬ УДААГИЙН MBCCI’S “ DOING BUSINESS WITH MONGOLIA SEMINAR & CHRISTMAS RECEPTION” B2B NETWORKING БОЛОН БИЗНЕС ХӨТӨЛБӨР 2025 ОНЫ 12 САРЫН 08 -13 ЛОНДОН ХОТ, ИХ БРИТАНИ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/09/16     ЭДИЙН ЗАСГИЙН ТӨРӨЛЖИЛТИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 145 ОРНООС 139-Д БИЧИГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/09/16     ӨНӨӨДӨР: “СЭЛБЭ 20 МИНУТЫН ХОТ”-ЫН ДАРААГИЙН ЭЭЛЖИЙН ОРОН СУУЦНЫ ТӨСЛИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/16     ШЭНЬ МИНЬЖУАНЬ: БНХАУ МОНГОЛ УЛСЫГ ШХАБ-ЫН ГЭР БҮЛД НЭГДЭЖ, ХАМТЫН АЖИЛЛАГААГАА ӨРГӨЖҮҮЛЭХИЙГ УРЬСАН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     Г.ЗАНДАШАТАР: ТӨРИЙН ДАНХАР БҮТЦИЙГ ХУМИХ АЖИЛ ИРЭХ ОНД Ч ҮРГЭЛЖИЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     Ц.ТУВААН: НҮҮРСНИЙ ҮНЭ 3 САР ТУТАМ ШИНЭЧЛЭГДЭНЭ. ГЭРЭЭНД ЯМАР Ч НУУЦ БАЙХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     ХАНЫН МАТЕРИАЛД 1800 АЙЛЫН ОРОН СУУЦ БАРИХ ТӨСЛИЙН ГҮЙЦЭТГЭГЧ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     "ТАТВАРЫН ХЭТ ӨНДӨР ТООЦОО БИЗНЕС ЭРХЛЭГЧДИЙГ ХААЛГАА БАРИХАД ХҮРГЭНЭ" WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/15     ГАДААД ХУДАЛДААНЫ НӨХЦӨЛИЙН ИНДЕКС ӨМНӨХ ОНООС 4.1 ХУВИАР БУУРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/15     ЭХНИЙ НАЙМАН САРЫН БАЙДЛААР 600 МЯНГАН ЖУУЛЧИН ИРЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/15    

Events

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

NEWS

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Ulaanbaatar to Host FIBA 3X3 Olympic Qualifying Tournament www.montsame.mn

Today, the Governor's Office of the Capital City and the Mongolian 3x3 Basketball Association signed the Memorandum of Understanding for Cooperation. Under the Memorandum Ulaanbaatar will host international 3x3 basketball tournaments, training sessions, and other events.
Specifically, Mongolia will annually host the World Grand Prix of the International Basketball Federation (FIBA) under the name of FIBA 3X3 Ulaanbaatar Mayor Challenger. In this regard, the Governor of the Capital City and the Mayor of Ulaanbaatar D. Sumiyabazar received the President of Mongolian 3x3 Basketball Association L. Myagmarjav and Mongolia Men's National 3x3 Team.
Scheduled for June 16-17, 2023 at Sukhbaatar Square in Ulaanbaatar, the World Grand Prix, an Olympic Qualifying Tournament, will feature top teams from 11 countries. FIBA 3X3 Ulaanbaatar Mayor Challenger will be broadcast live in over 150 countries.
3×3 basketball is considered the world's number one urban team sport and a main event for tourism, as it is often organized in historical and central points of cities and creates a festive atmosphere with continuous music and entertainment events for spectators.
Since the beginning of the year, Olympic Qualifying Tournaments have started, and the Mongolia Men's and Women’s National 3x3 Team have been tirelessly preparing to compete in the Tournaments with full strength.
The Governor's Office of the Capital City plans to build 118 3x3 basketball courts throughout the capital city for the purpose of creating a healthy environment for children and youths to spend their free time properly. 34 of them will be operational soon, while 40 courts will be built within this year.
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Korea Coal Corp. to sell Mongolian mine amid energy resource boom www.kedglobal.com

Korea Coal Corporation, a South Korean state-owned firm, is preparing to sell its Khotgor Shanaga coal mine in Mongolia, which it acquired in 2010.
The corporation stated on Monday that it is preparing for bids for the sale, seeing this as an opportune time to sort out its Mongolian mines due to the increase in value of international coal and other energy resources.
The mine was Korea Coal Corp's first overseas acquisition since its founding. The firm stated that with the opening of the Asian Highway in Mongolia and improvements in road infrastructure, foreign companies are showing interest in buying stakes in the coal mine.
The total sale value of the Mongolian mine, including the management premium, is estimated to be around 40 billion won ($30 million). The corporation plans to proceed with the sale of its ownership stake through a bid in consultation with domestic shareholders and select a sale underwriter soon.
Write to Sul-Gi Lee at surugi@hankyung.com
 
 
 
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MongolZ Secures Spot in BLAST Paris Major 2023 www.montsame.mn

Mongolia hosted the CS:GO (Counter-Strike: Global Offensive) Regional Major Ranking (RMR) tournament from April 6 to April 9. After four fierce battles, The MongolZ /formerly IHC Esports/, a professional esports team from Mongolia, secured a spot in the BLAST.tv Paris Major 2023.
The BLAST.tv Paris Major 2023 is the biggest CS:GO Tournament to date, bringing together the world's top CS:GO teams. To be organized by BLAST, the Tournament will take place in Paris, France from May 8 to 21, 2023, with a prize pool of USD 1.25 million.
Only two spots of the Paris Major 2023 were allocated to Asia-Pacific RMR and The MongolZ and Grayhound (Australia) have successfully qualified for the Tournament.
In the battle for the first spot, Grayhound bested MongolZ with a score of 1-2. MongolZ triumphed over Rare Atom (China) with a score of 2-0 (Inferno 16-11, Mirage 16-11) in the battle for the second spot.
Additionally, MongolZ will be participating in IEM Rio 2023 and ESL Challenger Melbourne this month.
 
 
 
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Made in Mongolia fair opens in Seoul www.akipress.com

The Made in Mongolia-2023 fair opened in Seoul on April 7. It was organized by the Administration of Small and Medium Enterprises, Misheel Expo, the Mongolian Embassy in the Republic of Korea, together with the Dongdaemun district administration and the Assembly of Citizens' Representatives.
The opening ceremony was attended by Ambassador of Mongolia to South Korea Sarantogos Erdenetsogt, Mayor of the Dongdaemun district of Seoul Lee Par Hyun, Chairman of the Assembly of Citizens' Representatives Lee Tae Nam, Chairman of the Civil Force Party Kim Kyung Jin and other officials.
The "Made in Mongolia 2023" exhibition will be held for 5 days in Junggranchon Park, Dongdaemun district.
More than 20 Mongolian enterprises from 5 industries presented more than 50 types of products at the exhibition.
Dongdaemun district expressed support for Mongolia's small and medium-sized industry. The exhibition of national goods produced in Mongolia will be held twice a year in Seoul in future.
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Steppe Gold C$9 Million Announces Private Placement www.juniorminingnetwork.com

Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) ("Steppe Gold" or the "Company"), is pleased to announce a non-brokered private placement of approximately $9,000,000 (the "Private Placement"), through the sale of common shares of the Company (the "Common Shares") at a price of $1.10 per Common Share.
The proceeds of the Private Placement will be used to accelerate the Phase 2 Expansion currently underway, to fund ongoing exploration as well as to support the announced plans to pursue a dual listing on the Hong Kong Stock Exchange.
The Private Placement is anticipated to close on or about May 2, 2023, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange (TSX). The securities issued in connection with the Private Placement will be subject to a hold period of four months plus a day from the date of issuance pursuant to applicable securities laws.
About Steppe Gold Ltd.
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) is Mongolia's premier precious metals company.
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Mongolia’s top three export destinations: China, Switzerland and South Korea www.news.mn

Mongolia’s foreign trade turnover increased by 57 percent year on year to USD 5.7 billion in the first quarter of 2023, Mongolian Customs General Administration reported.
Mongolia registered a foreign trade surplus of about 1.8 billion dollars in the first quarter, mainly due to a significant increase in the exports of mining products.
China, Switzerland and South Korea were the top three export destinations for Mongolia during the first quarter, accounting for over 97 percent of its total exports.
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Frozen mummies reveal Mongolians’ Drink of Choice www.news.mn

Scientists have analyzed the remains of high-ranking individuals from the Mongol Empire, who were buried in graves with luxury items such as leather, silk, and gold, and had been preserved in permafrost for 800 years. By studying their dental calculus, scientists found evidence that they had a preference for consuming yak milk.
The study, published in the journal Communications Biology , explains that the question of yak domestication had long been unresolved owing to a lack of data. The only archaeological specimen found so far has been a yak cranium recovered from the Late Bronze or Early Iron Age Denjiin Navtan site, the Heritage Daily reports. Other archaeological and historical records of yak domestication in the region are equally hard to come by.
Using paleoproteomics, the study of ancient proteins , to make up for this absence, the investigation has concluded that yak milk was being consumed by Mongolian elite at least as early as the 13th century.
This makes it the first archaeological discovery of yak milk, according to a University of Michigan College of Literature, Science and the Arts (LSA) newsletter . There is plenty of evidence establishing that milk has been vital to Mongolian society for 5,000 years. Researchers have been able to determine the historical consumption of cattle, sheep, goat, and even horse milk, but evidence of early yak milk consumption has been elusive until recently. The discovery was made during the excavation of the Khorig cemetery in the Khovsgol mountains of northern Mongolia, which is located at a high elevation.
The Khorig—meaning taboo—cemetery is in a high-altitude location, situated in the permafrost and, as a Miami Herald article reports, this has meant that human remains dating back to 1206 AD found there, have remained remarkably well preserved. Researchers spent years collecting and conserving bits of leather and silk strewn across the surface of the burials.
However, recent global-warming induced thawing has started exposing the burials not only to the elements but also to looters and vandals. Excavations at the site were therefore speeded up in the nature of salvage operations to rescue the archaeological remains from the dangers of atmospheric and human-induced degradation.
The excavations revealed that the individuals buried in the cemetery were members of the Mongolian aristocracy , with some evidence of links even to the ruling elite.
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Tencent’s WeChat Pay launches in Mongolia www.shanghaiist.com

China’s Tencent’s WeChat Pay, a mobile payment service, can now be used in Mongolia as it expands its reach beyond China. This move is aimed at making it easier for Chinese tourists to travel to Mongolia and conduct transactions using their WeChat accounts, says Mongolia’s state-owned television MNB. The service is available in hotels, restaurants and convenience stores in the southeastern province of Dornogovi’s Zamiin-Uud soum and in Ulan Bator, the capital city.
Benefits for Mongolian tourism industry
Tencent’s WeChat Pay, which has over one billion active users, is expected to promote tourism in Mongolia
The country aims to attract at least one million foreign tourists and earn $1bn from tourism during 2023-2025
The Chinese tourists are the primary target group and WeChat Pay transaction service is expected to make it easy for them to enjoy their stay
WeChat Pay aims to strengthen its position in the mobile payment market as it expands beyond its home country into new markets.
BY:
Cheyenne Dong
Cheyenne Dong is a senior tech journalist at Shanghaiist. With her expertise in e-commerce and retail, blockchain, and Web3, she provides readers with the latest news from these fields. She has a knack for uncovering stories that provide readers with comprehensive analysis of the ever-evolving dynamics of technology in China.
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Tesla to Build New Megapack Battery Factory in Shanghai: Xinhua www.bloomberg.com

Tesla Inc. will build a new battery factory in Shanghai that will start production in the second quarter of next year, the official Xinhua News Agency reported.
The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said.
Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to the company’s Gigafactory for electric vehicles in Shanghai and deepens its investment in China. Construction is scheduled to begin in the third quarter of this year and the plant will commence in the second quarter of 2024.
Tesla didn’t immediately respond to a request for comment
The Megapack is intended as a massive battery to help stabilize energy grids, with the company saying each unit can store enough energy to power an average of 3,600 homes for one hour.
The new factory will initially produce 10,000 Megapacks every year, equal to around 40 GWh of energy storage, Xinhua said, adding the products will be sold worldwide.
BY: ByVlad Savov
— With assistance by Jessica Sui
 
 
 
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Mongolian delegation praises India for promoting Buddhism to bring about global peace www.thenewsmill.com

A delegation from Mongolia, which visited several Buddhist pilgrim sites in India has praised India for promoting peace through spiritualism that can help resolve ongoing wars and conflicts in the world.
Headed by 7th Naro Banchen Rinpoche, head of Naro Banchen Trust and founder of Naropa Monastery, the delegation met with Indian Buddhist scholars and officials of the International Buddhist Confederation (IBC) in New Delhi.
The 40-member Mongolian delegation comprises artists, journalists, businessmen, anthropologist, historian and others.
Naropa Rinpoche told ANI, “We have so many things to learn from India. It’s peaceful, calm and very tolerant to one another. These good qualities inspire us”.
He added, “Mongolians appreciate India’s ancient wisdom and India is a country where from ancient times people come to learn how to train a mind, how to analyse and how to train our mind from a logical perspective using concrete methodologies. And this is our inspiration. We take spiritual inspiration from our Indian brothers and sisters. This ancient Buddhist knowledge offers very comprehensive methodologies that can be used to solve the problems in current days humanity is facing, war and conflicts”.
This delegation from Mongolia will also participate in the upcoming Global Buddhist Conference in New Delhi.
Naropa Rinpoche added, “The upcoming Global Buddhist Conference, I am expecting to be very beneficial because Buddhism teaches us that happiness should come from within ourselves. Although we have many materialistic progresses that make our life very comfortable but they cannot guarantee a happy life. That’s why this symposium is going to discuss about the wellbeing of the world and how Buddhist knowledge and tradition can help us to solve conflicts and problems we have been facing.”
Deputy General Secretary of IBC, Jangchup Choedon Rinpoche said, “India and Mongolia have had strong relations for a long time. Naropa Rinpoche has come to India with a delegation and visited several Buddhist spiritual sites in the country. They met His Holiness the Dalai Lama also”.
He added, “We are organising Global Buddhist Summit in which a delegation from Mongolia is also participating along with delegates from 32 countries. They will discuss about global issues and will implement them for the wellbeing of the global community”.
Odzaya Deremchimed, a news anchor from Mongolia, praised India and said, “Indian people are very kind and nice. It was a nice experience visiting Dharamshala and meeting His Holiness the Dalai Lama”.
Prof Ranjana Mukhopadhyaya, a member of the Indian delegation said, “It is important to have these kinds of interactions because Buddhism is one of the strongest links that India has with the rest of Asia. And it is one of the longest, oldest and one of the most enduring links”.
She added, “I think we should use these ties to re-establish and reaffirm our relationship with Buddhist countries such as Mongolia because we should realise that although Mongolia is so far from India, Buddhism at that age had travelled there so obviously this was the medium through which people of rest of the world came to know about India. So, it is very important for India that we should capitalise on this goodwill that we have about India and further strengthen it.” (ANI)
 
 
 
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