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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Russia boosting fuel exports to Asia – Bloomberg www.rt.com

Russia may ship greater volumes of a key oil product to Asia, Bloomberg reported on Wednesday, citing the energy consultancy FGE.
The consultancy’s global head of natural gas liquids, Armaan Ashraf, told the outlet that more Russian-made naphtha fuel, which is primarily used to make plastics, will likely head to hubs such as Singapore and Fujairah starting next February when EU sanctions take effect. Re-exports from those regions could become common as some buyers may be reluctant to import directly from Russia, he explained.
Preliminary data by analytics provider Vortexa showed that Russian naphtha exports to Asia have soared by 84% in August to about 130,000 barrels a day compared with all of July.
According to Ashraf, Russian naphtha may already have been blended into the country’s Urals crude and shipped to India earlier this year. “The blending of heavy full-range naphtha or heavy naphtha in limited quantities could reap much more benefits versus selling the naphtha cargo directly,” he noted.
Citigroup estimates that Russian flows of crude oil and oil products may decline by about 1.25 million barrels per day when the EU’s latest curbs come into force.
The bloc’s embargo of most flows of Russian crude will begin in December, followed by a similar move against oil products, including naphtha, about two months later.
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Mongolia, ADB sign Financial Framework Agreement www.montsame.mn

Finance Minister of Mongolia and ADB Country Director for Mongolia Pavit Ramachandran signed the USD100 million Countercyclical Support Facility loan agreement on August 26 in Ulaanbaatar.
ADB’s emergency financing will support Mongolia to mitigate adverse impacts of exogenous shocks, which disproportionately affect the poor, vulnerable groups, and women and girls.
At the same ceremony, the two parties also signed the Financial Framework Agreement, comprising pipeline projects for 2022-2023 amounting to USD655 million.
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Korea, Mongolia to cooperate for regional peace, strengthen strategic partnership www.koreaherald.com

South Korea and Mongolia vowed to join efforts for peace in the region and agreed to bolster their strategic partnership in their first bilateral foreign ministers’ meeting held in eight years in Ulaanbaatar on Monday.
South Korean Foreign Minister Park Jin met with his Mongolian counterpart, Batmunkh Battsetseg, to discuss a range of issues involving regional security, North Korea and economic cooperation, among others.
“I wish to actively cooperate (with Mongolia) to open the next 30 years (of the relations),” Park said in his opening speech of the foreign ministers’ meeting.
“The Yoon Suk-yeol administration aims to become a global pivotal state that can contribute to freedom, peace and prosperity. We seek to work together with Mongolia, which shares the values of democracy and human rights, for peace and prosperity of the region and the international society.”
The Mongolian foreign minister also expressed welcomed Park, saying his visit to Mongolia would provide a precious opportunity for the two countries to bolster their strategic partnership.
It has been eight years since a Korean foreign minister visited Mongolia for a bilateral meeting. It is also the first time for a high-ranking official to visit the country since Korea and Mongolia elevated their bilateral ties to a “strategic partnership” in September last year.
In his courtesy visit to Mongolian President Khurelsukh Ukhnaa scheduled for Monday afternoon, Park was to deliver a handwritten letter from South Korean President Yoon Suk-yeol.
Later Monday, Park was to attend a dinner meeting hosted by the Mongolian president. The president also invited Park for a breakfast meeting on Tuesday.
Starting with Park’s visit, Seoul’s Foreign Ministry said the government will activate bilateral consultative groups with Mongolia to bolster strategic communication.
Mongolia is a strategic country pursuing democracy while bordering China and Russia, and is one of the top 10 countries for its abundant natural resources, a Foreign Ministry official said.
Seoul will explore ways to work together with Mongolia for diversifying the country’s supply chain, the official added.
As countries are interested in securing a stable supply chain of strategic materials, high-ranking officials from a number of neighboring countries, as well as the United States, have been seen visiting Mongolia in recent months.
Japanese Foreign Minister Yoshimasa Hayashi traveled to Mongolia on a bilateral basis in April. Russian Foreign Minister Sergey Lavrov and Chinese Foreign Minister Wang Yi also made separate trips in July and August, respectively.
Daniel Kritenbrink, the assistant secretary of state for East Asian and Pacific affairs of the US Department of State, visited Mongolia before flying to Seoul last week.
On the day of his arrival Sunday, the Korean foreign minister visited a commemorative park honoring South Korean independence fighter Lee Tae-joon.
Lee opened a hospital in Mongolia in the 1910s and provided rare medical services to locals, as well as backing Korea’s struggle against the Japanese colonial rule of 1910-1945.
Mongolia established the park in 2001.
Park’s trip to Mongolia comes amid rising interest in the country among neighboring countries.
Park said Mongolia is a strategic location of Northeast Asia sharing universal values of democracy and human rights, and Korea seeks to deepen “practical” cooperation in the field of economic security.
“We would like to deepen cooperation with Mongolia, one of the world’s top 10 resource-rich nations, for stabilizing and diversifying supply chains,” Park told reporters Sunday before departing for Ulaanbaatar.
By Jo He-rim (herim@heraldcorp.com)
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National TB Program review to be conducted in Mongolia www.who.int

National TB Program (NTP) review is planned to be conducted by WHO WPRO support aiming to assess the current achievements of key components of the NTP to support further programmatic refinements, identify successes, continuing challenges, identify lessons learned and opportunities to strengthen TB prevention and control. Moreover, the review will prioritize the evaluation of the impact of COVID-19 pandemic on TB program with refining the policy recommendations and integration of further actions and implementation of strategic priorities of the national program with Regional Framework to End TB for 2021 – 2030. The review team composed of WHO WPRO, WHO Country Office Mongolia, MOH, NCCD, Global Fund project on TB and AIDS, City Health Department will have the field visits to the selected provinces and districts for evaluation during 20-28 September 2022.

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Strong dust storm hits western Mongolian province www.xinhuanet.com

KHOVD, Mongolia, Aug. 28 (Xinhua) -- an intense dust storm hit the western Mongolian province of Khovd on Sunday, causing poor road visibility.
Mongolia has a harsh continental climate as strong winds and dust storms are common in the country throughout the year.
According to the environment ministry, the frequency of climate-related natural disasters such as dust storms has been on the rise in the country.
In March 2021, 10 people and hundreds of thousands of livestock died in Mongolia due to strong winds and heavy dust storms.
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Mongolia confirms 68 COVID-19 cases in past 24h www.akipress.com

Mongolia confirmed 68 new COVID-19 cases in past 24 hours.
43 of them were contacts in Ulaanbaatar, 25 were registered in the regions. No imported cases were found.
1 coronavirus related death was recorded in Mongolia in a day. 2,126 were recorded in total.
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Robert Friedland’s Ivanhoe Electric one of three finalists for Saudi Arabia project www.mining.com

Saudi Arabia has narrowed the field to three finalists for a massive mining exploration licence about 175 km west of Riyadh that it says contains about 25 million tonnes of zinc and copper at grades of 4.11% zinc and 0.56% copper.
The kingdom received six proposals for the 350-km Khnaiguiyah licence and has selected three for its short list: a consortium between Saudi Arabian Mining Company (Ma’aden) and Ivanhoe Electric (TSX: IE; NYSE-AM: IE); a consortium between Alara Saudi Ventures Pty. Ltd. Resources and AlTasnim Enterprises LLC; and a consortium between Moxico Resources Plc and Ajlan & Bros Mining Company.
The third and final stage of the application process will kick off on Sept. 4.
As part of its plan to transform the mining sector into the third pillar of its national economy, Saudi Arabia offers incentives including co-funding of up to 75% of capex through the Saudi Industrial Development Fund (SIDF); a five-year royalty holiday for miners and a 30% reduction on royalty payments for further downstream production processing.
The government hosted its first ever Future Minerals Forum in January to showcase its mining potential and the urgency of finding more critical metals. lt passed a new minerals investment law last year and in the first ten months of 2021 the country provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences, according to government data.
Mining companies active in the country include Barrick Gold (TSX: ABX; NYSE: GOLD), which has a 50-50 joint venture copper operation with Ma’aden. The Jabal Sayid mine went into commercial production in July 2016.
Among the finalists for the Khnaiguiyah licence, Ivanhoe Electric is focused on electric metals projects. Its two flagship projects are in the United States: Santa Cruz, a copper project in Arizona, and Tintic, a copper, gold and silver project in Utah.
The company also has what it describes as advanced exploration technology including Typhoon, a geophysical survey technology based on Pulse Power, as well as data analytics and geophysical modelling and artificial intelligence for water, oil and mineral discoveries. In addition, it holds a controlling interest in VRB Energy, a developer and manufacturer of large-scale energy storage systems.
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S. Korea's foreign minister arrives in Mongolia on trip to deepen bilateral ties www.en.yna.co.kr

ULAANBAATAR/SEOUL, Aug. 28 (Yonhap) -- South Korean Foreign Minister Park Jin arrived in Mongolia on Sunday for talks with his Mongolian counterpart on bilateral relations, and regional and global issues.
His trip -- the first visit to Mongolia by a South Korean foreign minister on a bilateral basis since 2014 -- comes as the country has recently gained keen attention for its rich resources amid international efforts to secure global supply chains.
Shortly after arriving in Ulaanbaatar, Park visited a commemorative park honoring South Korean independence fighter Lee Tae-joon, who opened a hospital there in the 1910s to fight infectious diseases and backed Korea's struggle against Japan's 1910-45 colonial rule.
Established in 2001, the park has become a symbol of friendship between the two nations.
"It is an opportunity to inscribe deep in my heart the noble sprit of Lee who sacrificed himself for his home country's independence and served Mongolian people with medical expertise based on his philanthropic spirit," Park said.
"Inheriting that spirit, South Korea will prioritize national interests and make efforts to become a global pivotal state contributing to world freedom, peace and prosperity," he added.
Foreign Minister Park Jin pays his respect at a commemorative park honoring South Korean independence fighter Lee Tae-joon in Ulaanbaatar on Aug. 28, 2022. (Yonhap)
Before departing for Mongolia, Park said his trip is aimed at deepening "practical" bilateral cooperation in the areas of economic security, and strengthening solidarity between the two nations sharing "universal values."
"We would like to deepen cooperation with Mongolia, the world's 10th resource-richest nation, for stabilizing and diversifying supply chains," Park told reporters.
Park added he plans to deliver President Yoon Suk-yeol's handwritten letter, wishing for the development of bilateral relations, to Mongolian President Khurelsukh Ukhnaa.
On Monday, Park is set to hold talks with his counterpart, Batmunkh Battsetseg, to discuss bilateral relations and other issues of mutual concern.
During his stay that runs through Tuesday, Park also plans to pay courtesy calls on the Mongolian president and other political leaders, according to his office.
sshluck@yna.co.kr
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USD 200 million to be devoted to nature conservation in Mongolia www.montsame.mn

On August 25, Minister of Environment and Tourism B.Bat-Erdene received Chief Executive Officer of The Nature Conservancy Jennifer Morris.
The international organization has been contributing to the evaluation of the Gobi and steppe ecological regions of Mongolia, conducting research to determine the areas that need protection, and providing professional advice and assistance necessary for special protection. At the meeting, the parties exchanged views on further cooperation and signed a memorandum of cooperation.
As part of this memorandum, the ‘Sustainable funding program for nature conservation’ will be implemented in Mongolia. This program aims to help Mongolia fulfill its obligations under the Convention on Climate Change and Biological Diversity, as well as its Sustainable Development Goals. Moreover, USD 200 million will be devoted to nature conservation in Mongolia over the period of 10 years.
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ADB provides USD100 million in emergency support to Mongolia www.montsame.mn

On August 25, the Asian Development Bank has approved USD100 million in emergency support to the Government of Mongolia to help it weather the impacts of severe economic shocks.
The Russian invasion of Ukraine and continuing border restrictions with the People’s Republic of China (PRC) due to COVID-19 have caused substantial fiscal stress in Mongolia. In response, the government has prepared a countercyclical development expenditure program (CDEP) to help poor and vulnerable groups, ease inflationary pressure, and support macroeconomic stabilization.
“This ADB loan will support government measures to stabilize the economy,” said ADB Financial Sector Specialist for East Asia Peter Rosenkranz. “The budget support provided through this countercyclical support facility (CSF) loan will also provide fiscal space to continue with critical economic structural reforms over the medium term.”
Mongolia is experiencing a widening current account deficit, increased pressure on foreign exchange reserves, and rising external financing needs. Rising food and fuel prices are eroding purchasing power and increasing poverty. Inflation spiked to 16.1% nationwide as of June 2022, and was particularly high for food and fuel.
With one in four people in Ulaanbaatar living below the poverty line, rising costs are particularly challenging for the poor, who spend an average of 43% of their total income on food, compared with 32% spent on food by nonpoor households.
External shocks disproportionally affect poor and vulnerable groups, including women and girls. Women are highly concentrated in lower wage sectors such as services, food production, and wholesale and retail trade, which have been most adversely affected by the pandemic because of mobility restrictions. This program will reach 1.2 million children in 64% of the country’s households through direct cash transfers.
“This ADB financing will help poor and vulnerable groups to weather the difficulties caused by the external shocks,” said ADB East Asia Department Director for Public Management, Financial Sector, and Regional Cooperation Emma Fan. “The emergency support provided under the CSF will expand social protection support to vulnerable households under CDEP until the end of 2022.”
The program will support other key government measures including 50% reimbursements of social security premium contributions for lower-paid employees for the rest of 2022 and 8.5% salary increases for lowest-earning public service employees (three-quarters of whom are women). It will also provide about 16,000 new kindergarten spaces for young children in poor areas.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
Source: ADB
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