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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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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Draft Law on Casino Submitted to State Great Khural www.montsame.mn

Minister of Justice and Home Affairs Kh. Nyambaatar today held a press briefing after submitting the draft laws on casino, betting, and lottery to the State Great Khural.
At the outset of his press briefing, the Minister emphasized that the draft laws were submitted in connection with the Government’s decision to declare 2023-2025 as “The Years to Visit Mongolia”.
“The Law on Casino was repealed shortly after it was approved by the State Great Khural in 1998 due to allegations of corruption and abuse of power. However, the approval of the law is now significant for Mongolia as it aims to boost its tourism sector”, highlighted the Minister.
Once the law enters into force, the casino operator will be selected from those who pledged to invest no less than USD 300 million in Mongolia.
As drafted in the law, 40% of the casino's daily profits will be paid to the Mongolian Government as income tax, and after 30 years, the ownership of 50% of the tables will be relinquished to the Government. In addition, the law will prohibit the transfer of the license once it is obtained.
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‘Mindgolia’ showcases globally the world-class digital solutions www.news.mn

The Government of Mongolia launched its new online procurement portal – www.mindgolia.mn – reducing costs and bureaucracy related to the procurement of software solutions and providing a major boost to the country’s thriving tech sector.
As part of the Mongolian economy’s transition ‘from mining to mind’, ‘Mindgolia’ will showcase globally the world-class digital solutions that the Mongolian tech industry has been developing for many years. Open to both the private and public sectors, the new marketplace is also designed to strengthen links between the country’s tech industry and global investors, as well as providing a level playing field for Mongolian tech start-ups to compete with more established players.
Mongolia’s USD 41 billion ICT industry is growing rapidly, a trend due to continue in the years ahead due to the roll-out of public private partnerships such as ‘Mindgolia’. More than 300 companies and 2,000 young engineers work on the development of technology solutions and software production, and Mongolian tech start-ups such as AND Global with its ONDO Space and satellite technology are increasingly well-recognised in the region and raising funds globally.
The strengthening of Mongolia’s tech sector is a key part of the Government’s New Recovery Policy, aimed at enhancing the country’s growth rate and diversifying away from mining and towards emerging and high-growth areas in the knowledge economy.
‘Mindgolia’ features 180 products from over 100 companies, with this number increasing daily. Around 350 software developers, and representatives of around 250 buyers and users of government organizations, ministries, agencies, and state-owned companies are participating in the platform. ‘Mindgolia’ will help support the growing number of government-led digital transformation projects in the country, with 904 such projects totaling USD 267 million taking place between 2012 and 2021, and a further 357 projects worth USD 290 million expected to be completed between 2022 and 2024.
‘Mindgolia’ was inspired by international practice in the area of public procurement, including the UK Government’s Crown Commercial Service and their ‘Digital Marketplace’ platform. An English language version of ‘Mindgolia’ will be launched before the end of 2022.
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Mongolian Mining’s USD 100 Million cash tender offer www.news.mn

Davis Polk advised Mongolian Mining Corporation (MMC) and Energy Resources LLC (ER), an indirect wholly owned subsidiary of MMC, in connection with a cash tender offer by ER to purchase up to USD 100 million in aggregate principal amount of its outstanding 9.25% guaranteed senior notes due 2024 pursuant to a ‘modified Dutch auction’ procedure.
MMC is a high-quality coking coal producer and exporter engaged in the open-pit mining of coking coal at deposits in the South Gobi province of Mongolia. It is listed on The Stock Exchange of Hong Kong Limited and was the first Mongolian company to offer its shares internationally.
The Davis Polk corporate team included partner Gerhard Radtke and registered foreign lawyers Xin (Sheen) Xu and E.Mendtuvshin (Mendee) . The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Members of the Davis Polk team are based in the Hong Kong and London offices.
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Uzbekistan expresses interest in establishing meat processing joint venture in Mongolia www.akipress.com

Uzbekistan expressed interest in cooperation with Mongolia in agriculture sphere. In particular, the country is interested in establishing an intensive livestock farm and a meat processing joint venture in Mongolia.
Mongolia exported 500 tons of meat to Uzbekistan in 10 months of this year, and Tashkent expressed desire to increase this volume.
Tashkent is interested in importing halal meat from Ulaanbaatar, as well as exporting fruits, herbs and vegetables.
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Mongolia registers 7 COVID-19 cases in past 24h www.akipress.com

Mongolia registered 7 new COVID-19 cases in past 24 hours.
5 of them were contacts in Ulaanbaatar, and 2 were recorded in the regions. No imported cases were found.
The death toll from coronavirus remained 2,136.
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Mongolia and Bulgaria to Launch Joint Program to Expand Cultural Cooperation www.montsame.mn

Ambassador Extraordinary and Plenipotentiary of Mongolia to the Republic of Bulgaria Sayanaa Lkhagvasuren and Minister of Culture of Bulgaria Velislav Minekov signed a five-year program for cooperation in culture, education, and science between the governments of the two countries in Sofia, Bulgaria on December 21, 2022.
In particular, the parties will exchange at least one student per year at the bachelor's and doctorate level, and enroll them in full-time courses with government scholarships except in the fields of medicine, fine arts, and physical education. Within the framework of the five-year program, wide opportunities will be created to implement various projects and programs in the field of culture, art, education, and science and exchange experience between the two countries' youth and sports organizations.
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Mystery of Mongolia's 'reindeer stones' continues to endure www.unexplained-mysteries.com

Thousands of mysterious ancient stones depicting images of reindeer can be found dotted across the landscape.
Known as 'deer stones' or 'reindeer stones', these enigmatic megaliths can be found dotted across some of the most wild and remote regions of Mongolia and Siberia.
Measuring up to 4.5 meters in height, the stones vary in size and weight. Some of them have curiously rounded tops, which others have straight ones.
Perhaps the most intriguing thing about them, however, is the fact that each of the stones is adorned with images depicting human faces, weapons, animals and more. By far the most common among these are images of reindeer - some of which are even depicted as flying through the air.
Exactly who created the stones and why continues to remain a long-running archaeological mystery.
It was once believed that the Scythians, who were present in the region from the 7th to the 3rd century BCE, were responsible, but carbon dating has since revealed that the stones were built before then.
As for their purpose - it has been speculated that they may have held some sort of ritualistic significance and may have even been burial monuments used during the funerals of celebrated warriors, though excavations have failed to turn up any remains giving credence to this idea.
Other experts, meanwhile, believe that they may have had something to do with reindeer herding.
As things stand, however, nobody knows for sure.
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The Great Silk Road Outpost and Ancient Settlement of Otyrar Partially Restored, Ready to Receive Tourists www.astanatimes.com

ASTANA – Kazakh scientists announced the results of their archaeological excavations and restoration works carried out as part of a three-year project on the ancient Otyrar city’s partial restoration during a meeting with Kazakh Minister of Culture and Sports Dauren Abayev in the Turkistan Region on Dec. 10, according to the ministry’s press service.
Otyrar is one of Central Asia’s most ancient cities, whose history dates back 2,000 years. It was a significant cultural and trade center located on one of the main branches of the Great Silk Road. The city is also known as Farab because world-famous philosopher and mathematician Abu Nasr Muhammad Al-Farabi was born and grew up in this area.
The period from the 10th to 12th centuries was a time when urban life flourished and when numerous palaces, bathhouses and mosques appeared. In 1219, the city was besieged by famed Mongolian emperor Genghis Khan’s troops, but it rose from the ruins and became a major trading hub from West to East by the middle of the 13th century.
Scientists discovered Hanaka, a shelter for Central Asian Sufism followers, on the territory of the ancient settlement, where they could live and pray. It was built by the ruler of the Ak Orda (White Horde) Yerzen Khan.
They found a dwelling house and pottery, which existed in the 15th and 16th centuries, at the city’s entrance near the Zharakty gate. Some industrial facilities were adjacent to the residential part, while two-chamber pottery stoves and platforms for making and drying ceramic ware were placed under the canopy in front of the house.
Archaeologists also uncovered a bakery complex and a residential district on a 17th-century market square.
The specialists also partially restored the monumental mosque of burnt brick and Berdibek’s Palace, where Timur, a Turkic and Mongol ruler and founder of the Timurid Empire, hosted Tokhtamysh Khan’s ambassadors at the beginning of the 15th century. They also completely reconstructed the Zharakty gates, the Northern gates and the Sopykhan’s gates.
To preserve the monuments and ensure the safety of tourists in the Otyrar settlement, the professionals illuminated the streets with electric lights, paved pedestrian paths for tourists and electric vehicles, installed security cameras and a warning system, and set up benches, fountains, toilets and trash cans.
During his visit to the region, Abayev met with tourist industry representatives and initiated the creation of a tour along the Great Silk Road.
“Grand route on the Great Silk Road will cover Almaty, Taraz, Shymkent, and Turkistan cities and include all major cultural and historical sites of the southern regions. Tourists should be offered a visit to such historical and cultural sites as the mausoleums of Aisha Bibi, Babaji Khatun and Tekturmas in Taraz, Shymkent’s ancient citadel and Ibrahim-ata’ mausoleum as well as the mausoleums of Arystan Baba and Khoja Akhmet Yassawi, Otyrar settlement and Sauran in Turkistan,” noted Abayev.
In response to the minister’s proposal, local tour operators expressed their readiness to create pilgrimage, ethnographic and combined tours along the route lasting from one to six or seven days.
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Rio Tinto venture makes strategic investment in Regulus Resources www.mining.com

Nuton, a Rio Tinto (ASX: RIO; LSE: RIO; NASDAQ: RIO) venture that has developed innovative copper sulphide leach technologies, is taking a 16.5% stake in Regulus Resources (TSXV: REG) for $15 million.
Nuton’s technologies have the potential to process arsenic-bearing copper sulphides with a lower carbon footprint and less impact on water resources than traditional concentrator processing, and the company will test its process on samples from Regulus’ AntaKori copper project in northern Peru.
“Through Nuton, Rio Tinto has developed sulphide leaching processing technologies that could allow for the processing of high arsenic ores without the need for additional on-site treatment or paying heavy penalties to a smelter,” Regulus CEO John Black stated in a press release announcing the private placement, adding that the investment by one of the largest miners in the world “is another strong endorsement for the AntaKori project.”
Under the private placement, Nuton will acquire 20.06 million common shares of Regulus at a price of C$1.02 per share. Nuton will be allowed to nominate a director to the Regulus board and the two companies will form a joint venture advisory committee to share expertise, exploration concepts and development opportunities at the project.
AntaKori, 600 km north of Lima and 60 km northwest of the city of Cajamarca, is 7 km northwest of Gold Fields’ (NYSE: GFI) Cerro Corona porphyry copper-gold mine and 45 km northwest of the Yanacocha gold mine owned by a Newmont Mining (TSX: NGT; NYSE: NEM) and Buenaventura Mining (NYSE: BVN) joint venture. Regulus notes that concentrate exports could move through the port facility of Eten, 230 km to the west.
The Rio Tinto investment follows a $5 million investment by Osisko Gold Royalties (TSX: OR) in mid-October in exchange for a net smelter return royalty ranging from 0.125% to 1.5% on certain claims of the AntaKori project. The deal also gives Osisko a right, currently held by Regulus, to buy-back a 1% NSR from a third party on certain claims at the project. The investment was Osisko’s second in AntaKori. It first struck a strategic partnership with Regulus in October 2020.
AntaKori currently has indicated resources of 250 million tonnes grading 0.48% copper, 0.29 gram gold per tonne and 7.5 grams silver per tonne, and inferred resources of 267 million tonnes grading 0.41% copper, 0.26 gram gold and 7.8 grams silver. Mineralization remains open in all directions, Regulus says.
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Mongolian artists build an ice hotel in Sweden www.news.mn

An ice hotel, built by Mongolian artists in Sweden has become a new tourist attraction. Ice carvers Ts.Monkh-Erdene and E.Uugantsetseg has built the ice hotel in 17 days. Rooms temperature of the hotel is minus 5 degrees Celsius and already begun receiving customers.
Ts.Monkh-Erdene makes carvings on snow and ice in winter. He usually makes craving arts on wood and sand.
E.Uugantsetseg graduated from the Institute of Fine Arts in 2004.
The married couple have been participating in major competitions together in recent years.
They also took second place at the third annual international ice carving competition held on Olkhon Island in Lake Baikal in February 2022.
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