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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Readout of National Security Advisor Jake Sullivan’s Meeting with Secretary of the National Security Council of Mongolia Jadamba Enkhbayar www.whitehouse.org

National Security Advisor Jake Sullivan met today with the Secretary of the Mongolian National Security Council Jadamba Enkhbayar at the White House. Mr. Sullivan highlighted the strong growth in the United States-Mongolia Strategic Partnership and the U.S. commitment to enhance cooperation, including on economic, climate, and defense issues as Mongolia’s third neighbor. The two held a frank conversation covering a wide range of regional and global issues and reaffirmed the foundational importance of both countries’ democratic principles. They also discussed the importance of expanding high-level engagements, including between the two National Security Councils.

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JICA marks 30 years of sending volunteer workers to Mongolia www.nhk.or.jp

The Japan International Cooperation Agency, or JICA, has marked 30 years since it began sending volunteer workers to Mongolia.
About 200 people attended a commemorative ceremony on Tuesday in the Mongolian capital of Ulaanbaatar. The participants included government officials from both countries.
JICA President Tanaka Akihiko said Japan hopes to keep moving forward with Mongolia, based on a relationship of mutual trust.
JICA has sent a total of 725 volunteer workers to Mongolia over the years.
Four are currently working there. They were initially deployed in 2019, but had to temporarily return to Japan due to the coronavirus pandemic. They resumed their activities in Mongolia earlier this year.
One of them is nurse Matsumoto Saori. She said she will think hard about what she can do to improve the quality of nursing in Mongolia.
Physiotherapist Kubota Ryo said he wants to help make improvements little by little.
Japan is providing yen loans to improve infrastructure in Mongolia, including funds to build an international airport. The loans are also financing health, medical care and communication technology projects.
Countries such as China and South Korea are stepping up aid to Mongolia.
 
 
 
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Mongols view Kalmyks, Buryats and Tuvans as a culturally close to themselves www.news.mn

Mongolia is one of the countries to which men from the Russian Federation have fled to avoid mobilization and combat in Ukraine, but it is unique in that the majority of those who have arrived there are not ethnic Russians but Buddhist Kalmyks, Buryats and Tuvans whom Mongols view a culturally close to themselves.
In fact, some Mongols say that they view welcoming members of these three fraternal peoples as national duty to help those who are under pressure or suffering discrimination elsewhere, in this case, in the Russian Federation.
While Mongolia was partially Sovietized as early as the 1920s, it never became part of the USSR or experienced the influx of ethnic Russians that the Central Asian republics of the USSR did. At one point, there were approximately 110,000 Russians there but that number has no declined to no more than 2,000.
As a result, there was never any center of Russian culture there; and as a result, while some ethnic Russians have come since mobilization was declared, most of those from the Russian Federation who have are Kalmyks, Buryats and Tuvans who have suffered from far more radical recruitment and are closer in culture to the Mongols.
Both their own culture and the welcome they have received in Mongolia have disposed many of the people from the Buddhist nationalities of the Russian Federation to view Mongolia as a second, “alterative” motherland, one that is a model for them because of its independence, democracy, and desire to live in peace with all its neighbors.
The Mongolian government has not publicly supported such groups, in contras to Ukraine which has, but the new arrivals say that many in Mongolia do support their actions and they expect the experiences they have in Mongolia will have serious consequences for their homelands when they are able to return.

 
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Amateur chess players from Mongolia claimed 3 gold medals www.montsame.mn

The Mongolian team that competed in the World Amateur Chess Championship 2022 added a new page to Mongolian chess history by grabbing 3 Gold medals.
The World Amateur Chess Championship 2022 was successfully held in Mellieha, Malta on October 20-30, 2022, and the winners were awarded yesterday.
At this tournament, Margadgua Erdenebayar, Tuguldur Soninbayar, and Sodbilegt Naranbold won gold medals and World Cup in W U1700, U 1700, and U 2000 sections respectively.
In the Women U1700, Margadgua Erdenebayar from Mongolia, won the title with a round to spare, scoring 8.5 points out of 9. Margadgua said she started playing chess by chance while in the hospital. But now she is determined to tie her life with chess: "This year, I want to become a FIDE master, and in the future, my goal is to become a grandmaster."
Also, Tugulder Soninbayar, who won first place in U1700, took gold with 7.5 points out of 9.
On other hand, Sodbilegt Naranbold was the sole leader in the Open U2000 from start to finish and the 13-year-old Mongolian achieved great success with a perfect 9 out of 9.
In addition, B. Otgonbayar, who competed in the U 1700 category, was leading the competition until the last moment, but lost in the last game and took 4th place.
Mongolians have been very successful in this tournament every year. GM S. Bilguun became the first Mongolian winner in World Amateur Chess Championship in 2011, WFM B. Anu won the gold medal in 2011, WFM B. Yanjinlham in 2013, FM G. Monkhbayar in 2014, FM E. Khulan in 2016 (champion in 2 sections), and WIM B. Bayarmaa in 2017 and 2018, WFM B. Khaliun and FM B. Amarsaikhan in 2019, accordingly.
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U. Khurelsukh: IT companies be supported in all respect www.montsame.mn

The President of Mongolia, Khurelsukh Ukhnaa, received the representatives of "ICT Group" LLC.
The President complimented them for creating conditions for citizens to receive health and education services virtually and introducing electronic payment services, national data centers, and national geographic and language translation systems based on cloud systems.
He also expressed that he will support the company which is aiming to improve the quality of life of Mongolians by using technological advances in every respect.
"ICT Group" LLC, which unites 53 enterprises, has introduced about 380 products and services in the health, education, and financial sectors, which gained 2.8 million customers and users.
Chairman of the Board of Directors of the company G. Lkhamsuren expressed his willingness to expand the cooperation in the "One Billion Trees," "Food Supply and Security," and "Healthy Mongolian" national movements with information technology solutions.
"Fibo Cloud" LLC signed an agreement with "Transtelecom" JSC, one of the largest telecommunication operators in the Republic of Kazakhstan.
The Executive Director of "Fibo Global" LLC, P. Purevbazar, presented that this is the first contract for the Mongolian technology company to supply its digital products to Central Asia.
The "ICT Group" LLC representative expressed that it is possible to become a digital nation in 2027 by working together as national enterprises.
Eighty-five percent of end users in the healthcare sector, 20 percent in the education sector, and 50 percent of the financial sector other than banks have been using the systems developed by the company in the last 10 years.
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Mongolian ironman Tamawashi became the oldest wrestler in Japanese sumo www.news.mn

Mongolian ironman Tamawashi became the oldest wrestler in 40 years to regain promotion to sumo’s upper ranks, after the 37-year-old was listed as a komusubi on Monday in the Japan Sumo Association’s rankings ahead of the November 13-27 Kyushu Grand Sumo Tournament.
Tamawashi, who will turn 38 on November 16, the fourth day of the 15-day meet at Fukuoka Kokusai center, was promoted from a No. 3 rank-and-file maegashira wrestler after winning his second career grand tournament in September.
He will be competing in the three “sanyaku” ranks below yokozuna for the first time since July 2019, and will be sharing the spotlight with sekiwake Mitakeumi.
Three-time Emperor’s Cup winner Mitakeumi will have one shot in Fukuoka to regain promotion to ozeki, sumo’s second-highest rank, but will need 10 wins, something he last achieved in March in his first tournament as an ozeki.
The event will likely be without sumo’s lone yokozuna, Terunofuji, who recently undertook knee surgery.
The 30-year-old’s singular career was previously derailed by injuries to both knees as a young ozeki. Since then, he has bounced back from the sport’s second-lowest division to win six of his seven career championships and earn promotion to sumo’s ultimate rank. (Japantimes)
 
 
 
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Tesla held talks over buying stake in Glencore – report www.mining.com

Electric vehicles giant Tesla (NASDAQ: TSLA) considered taking a stake in Glencore (LON: GLEN) and held talks with the miner and commodities trader, the Financial Times reported.
Citing unnamed sources familiar with the matter, FT said Tesla discussed buying 10% to 20% of Glencore last year and continued negotiations in March this year, when the Swiss firm’s chief executive Gary Nagle visited the carmaker’s factory in Fremont, California.
Talks concluded without an agreement due to Tesla’s concerns about Glencore’s coal mining business and its impact on the environment, the two sources told FT.
Tesla has spent the past year signing pacts with several producers of battery metals in an effort to secure future supply of key ingredients for its electric batteries, such as lithium, cobalt and nickel.
The two companies already have a deal in place, which guarantees Tesla cobalt supply for its plants in China and Germany.
Glencore is the world’s top producer of cobalt through its mines in the Democratic Republic of Congo, Australia and Canada.
Tesla CEO Elon Musk promised in 2020 “giant contracts” to companies able to produce nickel in an “environmentally sensitive way” amid concerns of an imminent deficit.
Since Musk’s pledge to miners, his company has inked nickel supply deals with the world’s largest miner, BHP, (ASX: BHP) in Australia and Vale (NYSE: VALE), the world’s second largest nickel miner. It has also reached agreements with Prony Resources in New Caledonia and with Talon Metals (TSX: TLO) for its Tamarack nickel project in Minnesota.
Nickel helps cram more energy into cheaper and smaller battery packs, allowing EVs to charge faster and travel farther between plug-ins.
Lithium worries
Musk tweeted in April about his concerns over lithium costs. “Tesla might actually have to get into the mining and refining directly at scale, unless costs improve,” he said.
The new owner of Twitter followed up by saying that Tesla was open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies.
Since then, the company has been advancing plans to build its own lithium hydroxide refinery in Texas, as Musk considers refining ore a “licence to print money”.
Tesla did not reply to MINING.COM’s request for comment. Glencore declined referring to the topic.
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Oscars best international feature 2023: all the films submitted so far www.screendaily.com

An international feature film is defined as a feature-length motion picture produced outside the US with a predominantly (more than 50%) non-English dialogue track and can include animated and documentary features.
Submitted films must have been released theatrically in their respective countries between January 1, 2022 and November 30, 2022. The deadline for submissions to the Academy is October 3, 2022.
A shortlist of 15 finalists is set to be announced on December 21 with the final five nominees announced on January 24, 2022. The 95th Academy Awards will take place on March 12, 2023 at the Dolby Theatre in Los Angeles.
The 2022 awards saw 93 submissions, although Jordan withdrew their film, leaving 92 eligible entries. The final five nominees included Denmark’s Flee, Italy’s The Hand Of God, Bhutan’s Lunana: A Yak In The Classroom, Norway’s The Worst Person In The World and eventual winner Drive My Car from Japan.
Latest submissions
China: Nice View (Muye Wen)
A box office hit in China, where it grossed over $210m, this comedy-drama sees a young man go to extreme lengths trying to raise money for his younger sister’s heart operation. It had its world premiere at Udine Far East Film Festival and picked up two awards - best director and best newcomer for Halin Chen - at China’s Hundred Flowers awards. Nice View was produced by director Ning Hao and his company Dirty Monkey. The cast is led by musician-turned-actor Jackson Yee with support from Xu Zheng and Zhang Yu. This is Wen’s second feature, following 2018’s Dying To Survive which received critical acclaim and grossed over $450m at the box office. China has submitted to the Oscars 35 times previously and secured two nominations - Zhang Yimou and Yang Fengliang’s Ju Dou in 1990 and Zhang Yimou’s Hero in 2002. International sales: Tiger Pictures Entertainment
Saudi Arabia: Raven Song (Mohamed Al Salman)
The country’s sixth Oscar submission follows a 30-year-old man who is diagnosed with a brain tumour just as he falls in love with a mysterious woman. The comedy is Al Salman’s feature debut and will have its world premiere at Red Sea Film Festival (December 1-10). Raven Song is produced by Telfaz 11 and was one of the winners of Saudi Film Commission’s Daw Film Competition. International sales: pending
Mongolia: Harvest Moon (Amarsaikhan Baljinnyam)
Marco Polo actor Baljinnyam makes his directorial debut in this drama about a city chef who returns to his home village to help complete the harvest in honour of his late father. Baljinnyam also stars in the film alongside newcomer Tenuun-Erdene Garamkhand. Harvest Moon had its world premiere at Vancouver International Film Festival where it won the audience award in the Vanguard competition. It is produced by IFI Production and is Mongolia’s seventh Oscar submission. International sales: Asian Shadows
 
 
 
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Plans to imminently sell off third of Mongolia Stock Exchange ‘serious’ says bourse CEO www.intellinews.com

Plans devised by Mongolia’s government to partly privatise the frontier market’s stock exchange have been years in the making. The head of the exchange now says that plan could finally be realised within months and, if successful, will touch off even larger initial public offerings (IPOs).
The Mongolian Stock Exchange (MSE), fully state-owned since its inception in 1991, could float up to 34% of its shares by the end of the year, chief executive officer Altai Khangai said in a Zoom call. The remaining 66% would remain in government hands, controlled by the Ministry of Finance.
Mongolia sold off many of the assets held by the state during its communist era, mostly food producers and textile companies, during a messy wave of privatisation in the 1990s. Citizens at the time received vouchers to purchase shares of companies; many sold them on to young entrepreneurs who went on to become some of the country’s wealthiest oligarchs.
Still, many of Mongolia’s largest state-owned enterprises (SOEs), including the national airline, mining assets and the stock exchange, remain under government control, even after repeated attempts to take them public.
Altai believes the long-overdue IPO of the MSE is imminent. “This time it’s serious, previously we had hypothetical talks but this time it’s serious and it’s under way,” he said.
Parliament and the cabinet have approved the plan to privatise the exchange, said Altai. Next up for the bourse is to submit its prospectus to the Financial Regulatory Commission.
“It's advancing rapidly. Now we are selecting the auditors and the underwriters,” said Altai, who has led the exchange twice, firstly from 2011 to 2014 and now since 2016. “We have to go public this year, [and be] 34%-listed.”
Javkhlan Ivanov, chief operating officer at the MSE, said she expects the exchange’s prospectus will be submitted to the Financial Regulatory Commission (FRC) by the end of November or early December. An approval by the FRC is the final step before the shares can be listed.
Previous attempts to float shares of the MSE involved the London Stock Exchange Group but were never realised. In 2012, London helped the Mongolian bourse migrate to the MillenniumIT trading platform. The pair later coordinated on other technology and regulatory development.
The exchange has a market cap of $1.6bn and average daily trading of around $700,000. In September, it was approved for inclusion in the Frontier Index by the FTSE Russell. Credibility was also boosted in 2018 with the addition of the first cross-listed company, Nova Scotia-based junior miner Erdene Resources Development Corp. (TSX: ERD), which also trades on the Toronto Stock Exchange.
Peter Akerley, Erdene’s CEO, said the cross-listing has allowed the gold miner to become more open to the Mongolian public, through the issuance of press releases and periodic reports in dual languages. Erdene has raised $6mn on the MSE and amassed 6,000 Mongolian stakeholders.
The primary investors in the current push to take state-owned enterprises public will be domestic securities and financial services, said Altai. He declined to speculate on how much the MSE share offering could raise.
The privatisation effort could help the stock market stabilise from its recent roller-coaster ride. Last year, the MSE rose 133%, easily the most of any stock exchange, but it went on to slump 18% this year.
Trade turnover at the exchange has been helped in part by a series of bond issues. Last year, state-owned coal miner Erdenes Tavan Tolgoi issued a $245mn bond on the market.
Also of help are amended banking codes that require the five biggest banks to become publicly traded companies by the end of 2023. An asset quality review of the banks is complete and the IPO processes are moving along – earlier this month State Bank raised Mongolian tughrik (MNT) 25.4bn ($7.9mn) by floating 5% of its shares.
Angana Banerji, IMF mission chief to Mongolia, said she supports the plan for the banks to go public but adds that the Bank of Mongolia needs to closely monitor banking sector developments and take supervisory actions if necessary.
“Intensive supervision would be warranted given the economic uncertainties in Mongolia,” said Banerji.
In a statement earlier this week, the International Monetary Fund advised the country to tread carefully as it moves toward privatising its non-financial SOE assets.
“Privatization of non-financial SOEs should be preceded by a robust risk assessment, strengthened oversight of SOE debt and investments, a sound regulatory framework, [and] transparent reporting,” the IMF concluded.
The report adds that privatisation should include legislation for installing stronger fiscal discipline at SOEs, for example, through an adoption of a non-bailout clause.
The proposed IPO would be a win for the government of Oyun-Erdene Luvsannamsrai, which has been promoting itself as a progressive cabinet that embraces rapid infrastructure development, technology and investment. Altai said the privatisation of the MSE could serve as a litmus test for the sale of other state-owned assets.
“We are going to be the pioneers,” said Altai. “I think if this listing goes well, it will be followed by other government-owned assets.”
By Michael Kohn in Ulaanbaatar October 31, 2022
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JICA to cooperate in “One Billion Trees” national movement www.montsame.mn

On October 31, 2022, the President of Mongolia, U. Khurelsukh, received the President of the Japan International Cooperation Agency (JICA), Mr. Tanaka Akihiko.
At the meeting, the President of Mongolia noted that Japan's support, concessional loans, and aid have played a special role in strengthening Mongolia's democracy and market economy system and ensuring sustainable development.
Mentioning that the government and people of Mongolia highly appreciate the consistent support provided in the fields of education, health, and agriculture, he emphasized that JICA's assistance is timely, accessible to citizens, and deeply embedded.
In the future, he said, there are ample opportunities for cooperation in the fields of mining, rare earth elements, agriculture, food, and tourism.
Mr. Tanaka Akihiko briefly presented the results of the projects and programs implemented in Mongolia in recent years and expressed his close cooperation within the framework of the "One Billion Trees", "Food Supply and Safety" and "Healthy Mongolian" movements.
This visit of Mr. Tanaka Akihiko is taking place within the framework of the 50th anniversary of the establishment of diplomatic relations between the two countries, the 25th anniversary of the establishment of JICA's Representative Office in Mongolia, and the 30th anniversary of JICA's overseas volunteer members assigned to Mongolia.
Mr. Tanaka Akihiko has been appointed as the President of JICA for the second time and visited Mongolia in 2014.
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