69 new coronavirus cases were recorded in Mongolia in past 24 hours.

33 of them contacts in Ulaanbaatar, and 36 were registered in the regions. No imported cases were found.

2,131 patients in total have died from COVID-19 since the beginning of the pandemic.

At its regular meeting, October 5, the Cabinet made a resolution to take the following measures in order to increase the foreign exchange reserves.

The measures include the issuance of electronic payment receipts to all stages of mineral extraction, processing and transportation; introduction of a system for determining the origin of products by registering all related contracts in the unified tax system within the fourth quarter of 2022, introduction of a system for electronic customs clearance. Mining activities will only be conducted by using this system from the first day of 2023, and in case of not being registered in the electronic system, they shall not be allowed for export.

The resolution also states that automatic customs clearance system, coal testing laboratory and smart gateway facilities will be put into operation at Shiveekhuren port in 2022, Gashuunsukhait and Zamyn-Uud ports in the third quarter of 2023. It will enable to carry out laboratory tests quickly at the border, automatically record the test results in the customs clearance and transfer the results to the system promptly.

By implementing reforms of the system for increasing the country’s foreign exchange reserves and measures to increase real foreign exchange earnings from exports in the short and medium term, it is considered that the sale of minerals will become transparent, it will become possible to trade resources at international prices, registration of electronic receipts will be made at all stages from extraction to export, the system will be introduced for automatic performance of mineral analysis conclusions and customs clearance, and there will be a possibility to increase the country’s foreign exchange reserves.

At the cabinet meeting today, it was decided to operate border port administrations in Selenge, Dornod, Dornogobi and Umnugobi aimags and approved the staff and functions of the administrations.

The border port administration will be responsible for:

-Working to increase the export and import of mineral resources, oil and goods as well as trade turnover;

-Providing infection control, law enforcement and border control organizations and local governments with integrated coordination;

-Planning the development of the port, managing issues regarding housing, electricity, heat, clean and dirty water and other infrastructure, and creating conditions for the normal operation of the port;

- And registering and controlling state properties at the border port.

On September 29, the FTSE Russell Group, a subsidiary of London Stock Exchange Group (LSEG), sent an official letter to Kh. Altai, the Chief Executive Director of the Mongolian Stock Exchange, about confirming the stock market of Mongolia in the 'Frontier Market' classification.

According to the FTSE RUSSELL, the stock market of Mongolia has fully met the criteria for FTSE Russell's 'Frontier Market' classification and will be added in this classification from the September, 2023.

Mongolia was first placed on the 'Frontier Markets Watch List' classification of FTSE Russell in 2012. But, in 2017, Mongolia was removed from the 'Watch List' without added in Emerging Market Countries due to reasons such as failure to meet regulatory standards for the Mongolia Stock exchange (MSE) and a lack of global custodians in country.

Since then, the Mongolian stock exchange cooperated with the Financial Regulatory Commission and other infrastructure organizations in order to bring the domestic capital market to international market status. Thus, in September 2021, FTSE Russell officially re-added Mongolia in the 'Watch List' of the 'Frontier market' classification.

The Mongolian Stock Exchange reported that the international recognition of our country's stock market is important for attracting international investment, increasing market trading activity and liquidity, and accelerating development.

The subsidiary classifies international markets into 4 main levels from 'Developing' to 'Highly Developed' based on a number of technical criteria set by professional investors. As of September 2022, 29 countries, including Bulgaria, Estonia, Kazakhstan, Latvia, Lithuania, and Vietnam, are included in the 'Emerging Market' category.

U.S. Embassy in Mongolia -- In partnership with the Mongol Ecology Center and Spirit of America, a U.S. Army Civil Affairs Team supported the “Rally for Rangers” event, a cross-country journey aimed to benefit the Mongolian Park Rangers from Aug. 16-26, 2022.

The rally consisted of a 2,000-kilometer motorcycle ride from Dalanzadgad to Ulaan-Uul, Mongolia. Over the course of 11 days, the group traveled over rough terrain through five provinces, ending at the Ulaan-Uul National Park, where the motorcycles were donated to the Mongolian Park Rangers to support their response operations. U.S. service members supported the event under the direction of the U.S. Embassy Ulaanbaatar, providing logistical and medical support throughout the event.

In addition to direct support to the rally, several members from the U.S. Army’s Civil Affairs team provided the rangers with medical and survival training seminar in Khatgal. The Civil Affairs team developed a curriculum that focused on the most common medical emergencies that they are likely to experience. Over the two-day engagement, rangers were taught treatment of immediate life threats, consisting of in-depth and practical exercises with rigorous, realistic trauma scenarios using items found in a basic survival kit. Following the medical engagement, the rangers were provided first aid and survival kits funded by Spirit of America.

Civil Affairs efforts like this event continue to strengthen the U.S. and Mongolian partnership, reinforcing the skills necessary to respond rapidly in a crisis. Support of events like Rally for Rangers with our partners are instrumental in increasing emergency preparedness, cultivating civil-military cooperation, and enhancing bilateral response capabilities.

Steppe Gold Limited (TSX:STGO, OTCQX:STPGF) has announced a trio of milestones to consolidate its position in Mongolia’s Bayankhongor province, as part of its ongoing strategy to create a multi-million-ounce exploration potential gold district.

First, Steppe signed a memorandum of understanding (MOU) with state-owned Erdenes Alt Resource LLC in order to develop the highly prospective Khurentsav gold project that adjoins its own Uudam Khundii gold project. Steppe acquired the Uudam Khundii gold project in 2017, in partnership with Bayankhongor province, and has been conducting exploration work ever since.

Steppe believes that combining Khurentsav and Uudam Khundii will drive significant synergies in the delineation and future development of this area, and the partners are working on contracts and community support and will build on exciting preliminary exploration data.

READ: Steppe Gold strikes short-term gold prepay agreement with Triple Flag International worth US$4.6M

“The Uudam Khundii project and the nearby Khurentsav licence together will create a strong combined platform for our growth plans in the region,” CEO Bataa Tumur-Ochir said in a statement. “With our new partner on Khurentsav, Erdenes Alt Resource LLC, we are proposing 10,000 meters of exploration drilling at this exciting project, and we look forward to sharing more updates with the market in the coming months.”

Regarding its joint venture with Bayankhongor province (as well as Corumdum Geo, and Shinejinst Soum of Bayankhongor province), Steppe also signed a new cooperation agreement to support its exploration partnership in the region.

Steppe Gold said it is committed to a strong two-way partnership with all stakeholders in the region, particularly the residents of the local Soum area. The company is working with the local Soum on a program of local procurement, employment opportunities and investment in education, providing scholarships to over 70 students, along with social programs to ensure that local communities are beneficiaries of economic development.

Thirdly, Steppe signed an MOU with the Minister of Mining and Heavy Industry and the Mongolian Mining Association. The MOU is regarding a responsible mining codex to ensure best practices in responsible mining.

“At the core, our strategy has always been to build strong relationships with local partners and create win-win scenarios for all stakeholders,” Tumur-Ochir said. “Bayankhongor has fantastic mining assets and we look forward to building long-term and sustainable projects across our significant land holdings in the area.”

He continued: “We are also delighted to renew and strengthen our partnership with the Bayankhongor province and now the Shinejinst Soum to provide tangible benefits to our communities and a renewed commitment to responsible mine development."

Meanwhile, exploration work at the Uudam Khundii project has continued in 2022, with 3000 meters drilled thus far and assay results pending.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

We interviewed UN Resident Coordinator for Mongolia Mr. Tapan Mishra on the relations and cooperation between Mongolia and the United Nations.

The UN established Development Assistance Framework for 2017-2021 with the Government of Mongolia in 2017. How would you assess the overall achievements of this?

-As part of its cooperation, the UN adopts a strategic framework document with its member states every 5 years. Currently, the document – United Nations Development Assistance Framework – is being implemented. This document was supposed to be implemented in 2017-2021, but it was extended by one year due to changes in the situation due to the COVID-19 pandemic in the last 2 years. Thus, we evaluated the results and achievements of the targeted activities during the pandemic, and believe that a lot of achievements and successes were achieved during the implementation of the document. However, there are still some areas we need to focus more. Many projects have been implemented and supported at the policy level. I also saw that there is an opportunity to improve certain activities within the framework of reforms and changes that are being carried out under the slogan "One United Nations". Based on the previous achievements and lessons learned, together with the Government of Mongolia, we have signed a document called the Sustainable Development Cooperation Framework (SDCF) for Mongolia for 2023-2027.

What kind of projects and programs are being implemented within the framework of the cooperation between Mongolia and the United Nations?

-I would like to first talk about how the SDCF was developed. First of all, we have analyzed the implementation of the Development Assistance Framework, which was implemented in the past year in order to support the targeted activities of the Government of Mongolia, covering a wide range of social, economic and political aspects. In doing so, we brought together many stakeholders such as international financial institutions, academia, think-tanks, government and non-government organizations and civil society to come up with the whole vision for the next five years of cooperation. As a result, it was agreed that the strategic document for the next 5 years should be targeted at 4 main pillars that are aligned to people, prosperity, peace, and planet. It was also formulated in good coordination with Mongolia’s Vision-2050 long-term development policy.

Firstly, the cooperation should be based on people and communities. In other words, the main thing is that it is necessary to focus more on human development, social development, and strengthening the people’s capacity. The main content of human development starts with basic human needs such as health, education, water sanitation, hygiene and security, food availability and accessibility, and social protection. Ensuring gender equality and combating gender-based violence have also been prioritized.

Secondly, the planet and prosperity were considered as one of the four pillars. 23 agencies of the United Nations system will work together to implement the SDCF, and they have defined how they will support and cooperate with the government within their respective functions. While making contributions to the stability of our planet, it contains a specific goal of reducing greenhouse gas emissions and air pollution, and mitigating the damage caused by the climate change.

We know that Mongolia's economy is highly dependent on the mining industry. So, we focused a lot on how to improve and diversify this economic situation and developed our goals in this regard. It is believed that by diversifying the current pattern of exporting natural resources and developing trade, it is possible to make progress in trade cooperation, especially for Mongolia.

Currently, 85 percent of Mongolia's exports are dependent on raw materials. It is understood that Mongolia's economy will be diversified by changing this situation and making more value-added products available to export.

In addition, there is a need to support Mongolia in creating certain skills that are required in the labor market in the 21st century. Looking at the population structure of Mongolia, it is relatively young. Therefore, in order to take advantage of this opportunity and bring out more of Mongolia's resources, we intend to bring cooperation closer between the agencies of the United Nations system, such as International Trade Center, Economic and Social Commission for Asia and the Pacific, Development Program, and Food and Agriculture Organization, etc.

Mongolia has a lot of resources for renewable energy, especially solar and wind energy. It is sunny about 260 out of 365 days a year in Mongolia, so it is clearly a country with high potential for developing solar renewable energy. So, if the abundant support is provided, it will play significant role in reducing Mongolia’s energy dependence. Most importantly, we aim to implement these development trends in a green, inclusive and accessible manner. As a landlocked country, Mongolia faces many challenges in transport, logistics and infrastructure. 85 percent of Mongolia's total exports go to its southern neighbor. Also, China accounts for 75 percent of Mongolia’s imports.

Mongolia has digitalized about 600 of its government services. Although Mongolia is a landlocked country, people’s minds are not locked and the intellectual potential and resources are unlimited. Therefore, we pay particular attention to supporting the digital development in Mongolia by introducing innovations and inventions. On September 5-6, the UN Mongolia, in collaboration with the Ministry of Digital Development and Communications, organized the first-ever Global Digital Dialogue to exchange experiences from different countries on how to implement digital transformation strategies to an audience composed of the Member States, UN entities, private sector, international financial institutions and other key stakeholders.

The third and final pillar of the document is improving the people-centered governance, rule of law, and access to justice. It is formulated that the possibility of providing transparency in governance, reducing bribery, making services delivered by the government to citizens accessible and efficient, and developing in an environmentally friendly manner will be emphasized on this pillar.

Based on all the three pillars, we will work to support the Government of Mongolia in meeting the demands of the people and fulfilling the obligations and commitments to achieve the Sustainable Development Goals. Moreover, many projects and programs will be implemented in line with the SDCF under the leadership of the government and partnership with the stakeholders.

There is only 8 years left to ensure the realization of the Sustainable Development Goals. As we all know, the Government of Mongolia formulated and endorsed the Vision-2050 in 2020. How do you see the coordination between these two goals?

-In 2015, 192 member countries of the United Nations, including Mongolia, made a commitment to their people and the people around the world to fulfill the SDGs by 2030. Before Vision-2050, in 2016, the Government of Mongolia approved a development policy document until 2030. Thus, in 2020, a longer-term development document, Vision-2050, was approved. This is truly wonderful. Because Vision-2050 is a long-term policy that looks beyond 20 years in addition to the SDGs that must be achieved by 2030. There are only 7 and a half years left now to achieve the SDGs. Due to the short time left, we have evaluated our achievements within the framework of the United Nations Development Assistance Framework document and conducted a very good analysis and research on the state of national development in Mongolia. In this context, what achievements have been made, what lessons and things to learn have been identified very well. As everyone knows, due to the spread of the COVID-19 pandemic, we have faced severe social and economic challenges in the last 2 years, and we have had difficulties in some development levels.

How does the United Nations assess the implementation of Mongolia's Sustainable Development Goals? Is it possible for Mongolia to achieve this goal by 2030?

-We are making two main evaluations on the current progress of achieving the SDGs. First, a voluntary assessment at the national level, and secondly, an assessment of what citizens' understanding and opinions are about this. One was carried out in 2019 and the other is planned for 2023. So, after evaluating and assessing all the activities that have been done within the framework of the SDGs, we will have come up with a very clear picture of where Mongolia is going in this goal, whether it is lagging behind, and in which areas we need to support.

On the September 10, we organized an event at the Sukhbaatar Square to publicize the achievements of the SDGs. In addition to all UN agencies, all development partner organizations, the Government, ministries, and other stakeholders in Mongolia were present. We have set up 120 pavilions in Sukhbaatar square and presented the activities to fulfill 17 SDGs. In addition, organizations and individuals who made valuable contributions to the achievement of the SDGs were rewarded. Thus, we discussed the need to speedily and effectively continue our joint activities and targeted work.

Mongolia is facing many problems due to climate change. One of the solutions is the "One Billion Trees" national movement initiated by the President of Mongolia. The adverse effects of climate change and air pollution are increasing in Mongolia. Desertification is intensifying and land degradation is occurring. So, the ideal solution to all these problems is the above initiative. If enough trees can be planted, Mongolia will have a greener environment. In this way, it is believed that there will be many advantages, such as reducing the factors that negatively affect the environment, supporting and sustaining biological diversity, improving fresh water resources, reducing the extent of desertification, and controlling sand migration.

In general, it is concluded that Mongolia is yielding relatively well results in terms of SDGs. As we progress further, we intend to create sustainable development in Mongolia that is focused on human development and ensures participation without leaving anyone behind.

UN Mongolia and the Ministry of Digital Development and Communications jointly organized the first-ever Global Digital Dialogue. What was the key significance and the key achievements and outcomes of this global dialogue as far as you see?

-The dialogue generally focused on two main points. First, we focused on how to properly integrate technology to involve all citizens in the development process. As you all know, more than 600 government services have been digitalized as part of the digital development policy of the Government of Mongolia. The organization of the dialogue was a good opportunity for the key stakeholders to sit together to exchange their opinions and experiences. Thus, Mongolia was able to be recognized internationally as a leading country that has made great progress in the world through digital development, innovation and transition.

During this meeting, it became very clear that all UN agencies support the achievement of the goals set by the Government of Mongolia. When considering the program of the conference, we organized sessions for in-depth evaluation of the issues within the framework of the five main themes. The first key session focused on the theme of "Digital for Green" and was directed by the Food and Agriculture Organization of the United Nations. The second session of the dialogue touched on the topic "Digital transformation as an enabler to sustainable economic transformation and recovery." The third key session is about how to move forward without leaving anyone out and ensuring the participation of every citizen within the framework of this digital innovation and transformation. And the fourth session was on how to integrate modern technology to diversify and develop the economy. Within the fifth and the final session, we talked about how to develop digital development in a greener way. Thus, we made the progress of Mongolia known to the international community and shared our accumulated best experience and new ideas.

Representatives of India, Bangladesh, Korea and Japan participated in it. Also, the representatives of Singapore and Estonia, who introduced technology in the framework of governance very efficiently, rationally and successfully, shared their best practices. The most important objective of the dialogue was to learn from each other and come up with rational solutions. Thus, we were able to prove that Mongolia is one of the leading countries that is successfully working in the field of digital innovation and transformation on the international stage.

UN Secretary General Antonio Guterres visited Mongolia on August 8-11. What was the key results of this visit?

-The UN Secretary-General usually pays visit to countries that are in great crisis or that are considered essential to visit. We all know that Mongolia is not a country affected by a major crisis However, the UN Secretary-General's visit to Mongolia is a sign that the UN attaches great importance to Mongolia.

He repeatedly emphasized Mongolia's contribution to peace. Most importantly, the Secretary-General paid a visit to Mongolia to emphasize the important contribution of Mongolia to the international community in the framework of non-proliferation of nuclear weapons.

He highly praises Mongolia in two ways. Firstly, Mongolia has declared itself as a nuclear-weapon-free zone internationally, which greatly contributes to achieving the goals set by the UN and its member states in the direction of non-proliferation of nuclear weapons. Secondly, the Secretary-General’s visit was a token of his gratitude in recognition of Mongolia’s valuable contribution to establishing peace and security in the in the region. Of course, on the other hand, it was commended that Mongolia is making a good progress towards achieving the SDGs.

Another important thing that the Secretary General of the United Nations gave high importance to and emphasized favorably is that Mongolia organized the "Ulaanbaatar Dialogue" for many years in order to contribute to the security of Northeast Asia.

Mongolia also organized a major conference supporting female peacekeepers within the framework of the goal of promoting world peace and security. It was highlighted that this is an important contribution of Mongolia to establishing world peace. It was also emphasized that the United Nations in Mongolia and the Government of Mongolia are working together with all partner organizations to achieve the Sustainable Development Goals and are making progress towards the Sustainable Development Goals.

Is there anything you would like to say to the readers to end this interview?

- I would like to express that the UN Mongolia is committed to supporting the Government of Mongolia and the people of Mongolia and will fully cooperate with them in fulfilling their obligations and commitments towards achieving the SDGs.

The participation of every citizen in achieving the SDGs is very important. I would also like to urge all Mongolians to make contributions such as by saving energy, planting trees, recycling waste, etc. With the active engagement of the people, we can show the world that the SDGs can be achieved earlier.

Thank you