1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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China's top legislator to visit Russia, Mongolia, Nepal, ROK, attend 7th Eastern Economic Forum www.xinhuanet.com

Sept. 4 (Xinhua) -- China's top legislator Li Zhanshu will pay official visits to Russia, Mongolia, Nepal and the Republic of Korea (ROK) from Sept. 7 to 17 at the invitation of Chairman of the Russian State Duma Vyacheslav Volodin, Chairman of the State Great Hural (Parliament) of Mongolia Gombojav Zandanshatar, Speaker of Nepal's House of Representatives Agni Sapkota and the ROK National Assembly Speaker Kim Jin-pyo respectively.
Li, chairman of the National People's Congress (NPC) Standing Committee, will also attend the 7th Eastern Economic Forum during his stay in Russia.
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Defence Minister Rajnath begins 5-day visit to Mongolia, Japan on Monday www.thehindu.com

Defence Minister Rajnath Singh will embark on a five-day visit to Mongolia and Japan beginning Monday with an aim to expand India’s defence and security ties with the two countries.
In Japan, Mr. Singh and External Affairs Minister S. Jaishankar will join their Japanese counterparts under the framework of ‘2+2’ foreign and defence ministerial dialogue, people familiar with the matter said on Sunday.
Mr. Singh will visit Mongolia from September 5 to 7 while his tour of Japan will be from September 8-9.
It is learnt that the ‘2+2’ dialogue is planned for September 8.
The dialogue is taking place over five months after Japanese Prime Minister Fumio Kishida visited India for the annual India-Japan summit.
At the summit in New Delhi, Mr. Kishida announced an investment target of five trillion Yen (₹3,20,000 crore) in India over the next five years.
In the 2+2 dialogue, the two sides are expected to deliberate on ways to further expand bilateral cooperation in the areas of defence and security besides taking stock of the developments in the Indo-Pacific, the people cited above said.
The Japanese delegation will be headed at the talks by Foreign Minister Yoshimasa Hayashi and Defence Minister Yasukazu Hamada.
The dialogue is scheduled around three weeks ahead of former Japanese Prime Minister Shinzo Abe’s state funeral on September 27 in Tokyo.
The ‘2+2’ dialogue with Japan was initiated in 2019 to deepen bilateral security and defence cooperation further and bring greater depth to the special strategic and global partnership between the two countries.
‘2+2’ dialogue with select countries
India has the ‘2+2’ ministerial format of dialogue with very few countries including the U.S., Japan, Australia and Russia. India’s defence and security ties with Mongolia are also on an upswing.
Prime Minister Narendra Modi paid a visit to Mongolia in May 2015, bringing a renewed vigour to the ties in diverse areas including defence and security.
During the visit, India announced a $1 billion line of credit to Mongolia for infrastructure development and upgraded their ties to the strategic partnership.
Joint India-Mongolia military exercise ‘Nomadic Elephant’ is held annually.
The last two editions of the exercise were held at Ulaanbaatar (Mongolia) in September 2018 and in October 2019 at Himachal Pradesh.
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Iran, Mongolia set to expand ties www.en.irna.ir

The top Mongolian diplomat said that the visit of the Iranian delegation to her country marks the highest level of ties between the two sides over the past 40 years.
She expressed hope that trade relations will be expanded between the two countries.
The Iranian delegation conveyed the message of Foreign Minister Hossein Amirabdollahian inviting his Mongolian counterpart to visit Tehran.
The delegates, during their three-day stay in Mongolia, held talks with other officials as well, exploring ways to develop relations between the two countries and pave ground for Iran’s private sector’s cooperation in Mongolian urban projects.
Three memoranda of understanding were signed too.
The trip to Mongolia, which is located in East Asia, was carried out in line with policies of President Ebrahim Raisi’s administration to boost relations with different countries.
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Deputy Prime Minister of Thailand to visit Mongolia www.montsame.mn

Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit will pay an official visit to Mongolia on September 5-7 at an invitation of Minister for Foreign Affairs of Mongolia B.Battsetseg.
This is the first-ever visit by Thailand's Deputy Prime Minister to Mongolia. The visit will be significant for the development of friendly relations, including trade and economic cooperation, with Thailand, a ‘third neighbor’ and an important partner in Southeast Asia.
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Are catastrophic floods Pakistan’s new normal? www.aljazeera.com

Islamabad, Pakistan – Large swaths of Pakistan were inundated in 2010 by “super-floods”, resulting in the displacement of more than 20 million people. Experts called it one of the worst humanitarian disasters the country ever suffered.
Twelve years later, massive flooding has forced analysts and political leaders alike to search for new adjectives that appropriately describe the devastation caused by monsoon rains, with United Nations Secretary-General Antonio Guterres calling the inundation “epochal level”.
UN seeks $160m to help Pakistan amid ‘epochal’ monsoon floods
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Pakistan’s weather department has warned there might be more rain to come this month.
The government declared a national emergency and has desperately sought urgent aid from the international community, already suffering from donor fatigue.
While the UN promised $160m and other countries pledged aid, government officials say the floods have inflicted an estimated “loss of at least $10bn”.
What is the extent of damage?
The South Asian nation of more than 220 million people faces what is arguably its greatest humanitarian crisis. By the end of August, close to 1,200 people have died since the monsoon rains started in mid-June.
More than one-third of the country is still submerged and at least 33 million people are affected. The National Disaster Management Authority (NDMA) puts the number of affected districts at 72 out of a total 160.
The NDMA estimates damage to more than 5,000km (3,100 miles) of roads, 10 million houses partially or fully destroyed, and the death of 700,000 livestock, often people’s only livelihood.
The southern province of Sindh remains the worst affected. As of August 30, NDMA said at least 405 people, including 160 children, died there. More than 14 million people in the province are “badly affected”, of which only 377,000 are living in camps right now.
The southwestern province of Balochistan – Pakistan’s largest by area but also the most impoverished – is also reeling. More than nine million people were forced to leave their homes, but only 7,000 have been provided accommodation in camps.
What caused the floods?
The Global Climate Risk Index puts Pakistan as the eighth most vulnerable country because of disasters caused by climate change, yet the country is responsible for less than 1 percent of the world’s planet-warming gases.
Extreme weather conditions have left the country precariously placed, where weather patterns are no longer predictable.
Earlier this year, the country faced unprecedented heatwaves and months-long drought in Sindh and Balochistan. Only a few months later, Pakistan broke its decades-long rainfall record with the two provinces receiving 500 percent more precipitation than the annual average.
Sara Hayat, a Lahore-based climate change lawyer and policy specialist, told Al Jazeera to ascertain what has caused the devastating floods, it needs to be seen as a pyramid of factors with the foundational one being global climate change.
Hayat said the flooding was caused by excessive torrential rain, as well as glacial melt in the north of the country.
“Pakistan generally gets three to four cycles of monsoon rains,” she said. “This year we have received eight already and there are predictions that rain will go on till October. This is extremely unusual.”
Ali Tauqeer Sheikh, an Islamabad-based climate change analyst, told Al Jazeera that unlike the 2010 floods that were riverine in nature, this year saw multiple types overlapping each other that resulted in “such heavy destruction across the country”.
Sheikh highlighted urban flooding, flash flooding, glacial lake bursts as well as cloud bursts as some of the different types of flooding to hit the country, all linked to climate change activity.
“These are not routine floods. In fact, we have not had riverine floods at all this year. This is perhaps the first time we have climate change affecting patterns of monsoon. Only time will tell if it was a freak event of nature, or if it becomes more routine,” he said.
Hayat said while it is easy to pin blame on the government, preparing for this scale of flooding was always going to be a difficult job.
How do these floods compare with 2010?
While monsoon rains have lashed the country since June, it was only in late July when the intensity and scope became clear.
Since then, Prime Minister Shehbaz Sharif called the floods “unprecedented”, and Sherry Rehman, the climate change minister, described the situation as the worst in living memory.
When asked if these floods are worse than 2010, Hayat responded, “100 percent”.
“Those floods displaced 20 million people. This year the floods have not ended and we have already calculated at least 33 million people who are badly impacted. The complete scope of the disaster will only emerge in coming months when the water starts receding,” she said.
Shahrukh Wani, an economist at the Blavatnik School of Government, University of Oxford, agreed given the scale of this year’s flooding it will “either meet or exceed the damage caused by the 2010 floods”.
“Unlike in 2010, global conditions are very different right now. Much of the global aid momentum is focused on Ukraine and many developed countries are themselves facing economic crises at home, which might mean that Pakistan will have less international support than it did in 2010,” Wani told Al Jazeera.
What are the challenges ahead?
At a time when the country is already reeling from back-breaking inflation and barely averted a default after the International Monetary Fund (IMF) approved $1.17bn in funds, a once-in-a-lifetime flood was the last thing the South Asian nation needed.
Added to this volatile mix is perpetual political instability, exacerbated since the removal of the Pakistan Tehreek-e-Insaf (PTI) government in April.
Sharif recently told international media he is willing to sit down with former Prime Minister Imran Khan to find a way to address the woes facing flood victims.
Hayat said it is imperative that political warmongering stop and priorities be adjusted to face the daunting challenge of rebuilding.
“One of the biggest challenges we will face is when the country goes into election cycle. When that happens, you start thinking only about politics. But it is necessary that flood relief efforts and rehabilitation of the affected population must accompany all political conversation in the country.”
Wani said Pakistan will suffer “catastrophic” economic repercussions because of the floods.
“There is the immediate impact on destroyed food crops, homes, roads, and livestock. This affects both people who are directly impacted by the flood by wiping out their household wealth, but also people in major cities through increasing the cost of food,” he said.
Pakistan faces a “very difficult winter ahead” as it will need money for a “nationwide rebuilding effort post-floods, meeting the demands set up by the IMF programme, competing with Europe to secure gas imports, and cushioning the impact of increasing food inflation”, Wani warned.
But the biggest challenge for Sheikh is if flooding such as this year’s becomes a regular feature rather than a one-off.
“Worst case scenario would be if we get multiple kinds of floods we had this year plus the riverine flood together. The devastation would be unimaginable,” he said.
Flood management strategies must be reoriented to become more robust and climate-smart, Sheikh said.
“First order of business is that we must protect our community and do not grant permits which allow construction on river banks, river shoulders. No amount of money nor any technology can save structure which is built next to the river,” he said.
SOURCE: AL JAZEERA
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Foreign Minister of Lao PDR to visit Mongolia www.montsame.mn

On the occasion of the 60th anniversary of the establishment of diplomatic relations between Mongolia and the Lao People’s Democratic Republic, Deputy Prime Minister and Minister of Foreign Affairs of the Lao PDR Saleumxay Kommasith will pay an official visit to Mongolia on September 3-5.
The visit will be the first visit by the Foreign Minister of Lao PDR since 2002.
During the visit, Deputy Prime Minister and Minister of Foreign Affairs of the Lao PDR Saleumxay Kommasith will hold official talks with Mongolian Foreign Minister B.Battsetseg and pay courtesy calls on President U.Khurelsukh, Chairman of the State Great Khural G.Zandanshatar, and Prime Minister L.Oyun-Erdene.
During the meeting, the exchange of views will take place on deepening the friendly relations and cooperation between Mongolia and Laos, intensifying political dialogue mechanisms, expanding cooperation in the fields of trade, economy and culture, and other issues of mutual interest.
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Rio Tinto agrees to $3.3 billion deal for rest of Turquoise Hill www.reuters.com

(Reuters) -Rio Tinto on Thursday reached an in-principle agreement to buy the rest of Canadian firm Turquoise Hill Resources for $3.3 billion, which gives the global miner direct ownership of a giant copper mine in Mongolia.
The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reed
Rio will pay C$43 per share in cash for the 49% of Turquoise Hill it does not already own, a more than 19% premium to the stock’s last close and higher than a sweetened offer of C$40 apiece proposed last month.
The deal, which awaits shareholder approval, gives the global miner ownership of Turquoise Hill’s 66% stake in Oyu Tolgoi, the world’s largest known copper and gold deposits, 550 km (342 miles) south of Mongolia’s capital Ulaanbaatar.
Global mining firms are looking for growth in commodities such as copper - used in wind turbines, solar power systems and electric cables - and nickel and lithium that are used in batteries for electric vehicles (EVs), as the world gears up to decarbonise.
The takeover process has been ongoing for about six months with Turquoise Hill earlier rejecting the C$34 apiece offer from Rio, citing it was too low.
“Rio Tinto is committed to moving Oyu Tolgoi forward in direct partnership with the government of Mongolia to realise its full potential for all stakeholders,” Rio Tinto Chief Executive Officer Jakob Stausholm said.
“This agreement ... will simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project.”
Rio and the Mongolian government, which owns the remaining 34% of Oyu Tolgoi, ended a long-running dispute over the $7-billion expansion of the mine earlier this year.
Rio rival BHP Group was rebuffed in its A$8.34 billion ($5.8 billion) takeover bid for OZ Minerals last month, as it looks to shift into clean energy and the EVs market.
BHP has not said if it would sweeten its offer, although analysts and bankers believe it would have to if it wants to secure the asset.
Rio and Turquoise Hill also agreed on Thursday to amend certain financing arrangements to help the Canadian firm address near-term liquidity, the global miner said.
The agreements include increasing an early advance facility agreed in May to $650 million from $400 million and extending the deadline for a $650 million equity raising and debt repayment to at least March 2023.
The amended arrangements also include a commitment by Rio to participate pro rata in an initial equity offering.
A special meeting of Turquoise Hill shareholders to approve the deal is expected in the fourth quarter, and the deal will close shortly thereafter, if approved, Rio said.
($1 = 1.4669 Australian dollars)
Reporting by Shashwat Awasthi; Editing by Subhranshu Sahu, Rashmi Aich and Sherry Jacob-Phillips
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Russia, Iran agree to promote economic cooperation amid Western sanctions www.nhk.or.jp

The foreign ministers of Iran and Russia have agreed to promote bilateral economic cooperation, amid Western sanctions imposed on their countries.
Iran's Foreign Minister Hossein Amir-Abdollahian met his Russian counterpart Sergey Lavrov in Moscow on Wednesday.
Lavrov told reporters after the meeting that Russia fully supports Iran regarding the negotiations to revive the 2015 nuclear deal. He said Moscow is satisfied with the final text.
Amir-Abdollahian said he and Lavrov discussed cooperation in financial, trade and other fields, as well as plans to build a railway connecting Iran and Russia.
He also said the countries will conclude a long-term comprehensive agreement in the near future.
Observers say Tehran and Moscow are apparently aiming to work together to counter sanctions imposed by the United States and other countries.
Concerns are growing in Western countries that Iran and Russia could be moving to step up not only economic ties but also military cooperation.
The US has accused Iran of preparing to supply Russia with hundreds of drones, as Russia is believed to be short of them amid its invasion of Ukraine. Tehran and Moscow have denied the accusation.
 
 
 
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Mongolia commits to aggressive tightening of Monetary Policy www.news.mn

Yesterday (31 August), Mongolian Cabinet held regular meeting with new structures and new Ministers. Ch.Khurelbaatar, Minister of Economy and Development announced the latest decisions of the Government.
The Government is on a path of tighter monetary policy aimed at bringing inflation, now running at an annual rate of 14.1%, under control. Inflation was 15.7 percent in the first seven months of 2022. Inflation cooled in July as meat and vegetables prices fell. In Mongolia, rising inflation has mainly been driven by external balance on goods and services. The overall fiscal balance reached to USD 1.3 billion. Therefore, Mongolia will continue tightening monetary policy. The country of 3.4 million has raised interest rates by four times since 2022 up to 10 percentage point.
However, higher interest rates are also reducing housing affordability and pricing prospective buyers out of an already tight property market.
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Stifel GMP upbeat on Mongolia-focused Steppe Gold following ATO Phase 2 expansion plan update www.proactiveinvestors.ca

On August 30, Steppe reported positive progress on its Phase 2 expansion plan at the mine after it received a landmark power agreement and is constructing a new fixed crusher, which is expected to be completed in October this year
Broker Stifel GMP is upbeat on Mongolia-focused miner Steppe Gold Ltd and expects its shares to re-rate as the company continues to execute steady production at its flagship ATO mine.
On August 30, Steppe reported positive progress on its Phase 2 expansion plan at the mine after it received a landmark power agreement and is constructing a new fixed crusher, which is expected to be completed in October this year.
The installation is 72% complete and, once operational, the new unit will increase Steppe's current processing capacity by four times, up to 4 million tonnes per annum at 50% of its power.
Analysts at Stifel said Steppe was continuing "to execute well following ATO's leaching restart with the market starting to reward this success".
"However, there is still room to re-rate higher towards the junior producer peer group average of 0.41x," they added.
"We expect this re-rate to continue as the company demonstrates steady gold production at ATO through the rest of the year and as the first ever drill results from UK are received in Q3."
"We model ATO's oxide reserves processed at a rate of 2,300 tpd depleting in Q3 2025 (with some assumed reserve additions). Completion of the crusher ahead of schedule has the potential to accelerate this production and pull forward sale of those ounces to provide a greater portion of the equity funding for the Phase 2 Expansion," said the analysts.
Stifel also noted it was "encouraged" that the miner's sulphide floating plant construction was on track for 2024 (in line with the broker's model) and that that connection to the power grid demonstrated support from the government and opportunity for lower costs.
Stifel rates Steppe a 'Buy' and targets C$2.90 a share (current price: C$1.10).
Contact the author at giles@proactiveinvestors.com
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