1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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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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Turquoise Hill holder Pentwater ups stake, rejects Rio Tinto bid www.mining.com

Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while again rejecting Rio Tinto’s C$43-a-share offer for the 49% of the miner it doesn’t already own.
The activist investor disclosed it had bought around 1.24% of common stock at C$41.01 per share in Turquoise Hill, for a total of C$102.5 million on September 15. It means it currently owns 13.77% of Turquoise Hill’s shares
Rio Tinto (ASX, LON: RIO) agreed earlier this month to take over Turquoise Hill after sweetening an initial offer by around 20% to “a best and final” $3.3 billion.
Pentwater, which joined minority shareholder SailingStone Capital Partners in publicly opposing Rio Tinto’s offer as too low, restated its discontent.
“The proposed price implies an equity value of C$8.65 billion, which is a fraction of the free cash flow that Pentwater expects Turquoise Hill to generate over the next decade,” it said in the statement.
Pentwater noted it expects Turquoise Hill to generate over C$10.5 billion of free cash flow through 2030 assuming a $3.50 per pound copper price and almost C$14.2 billion of free cash flow assuming copper prices of $4 per pound.
It also said it was weighing options to thwart the deal, including but not limited to the possible exercise of dissent rights or other legal action.
Rio’s offer requires two thirds of shareholders, including Rio Tinto’s, to vote in favour. More than 50% of minority shareholders must approve it.
The final bid represents a 67% premium from Turquoise Hill’s closing price of C$25.68 a share on March 11, the trading day prior to the initial proposal.
Third largest copper-gold mine
Pentwater has said the proposed premium is unacceptable for a mine that it expects to be “the third largest copper and gold mine in the world with a mine life in excess of 90 years.”
Some analysts believe that Rio Tinto will need to increase its offer to win over some minority shareholders and so hold a direct majority stake in the massive Oyu Tolgoi copper-gold mine in Mongolia.
The global miner, which has mined copper from Oyu Tolgoi’s open pit for a decade, will have the task of finishing building the underground section of the mine.
Once completed, it will lift production from 125,000–150,000 tonnes in 2019 to 560,000 tonnes per year at peak output, which is now expected by 2025 at the earliest.
This would make it the biggest new copper mine to come on stream in several years.
 
 
 
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Mongolian President says he supports Russia-China oil and gas pipelines through Mongolia www.reuters.com

MOSCOW, Sept 15 (Reuters) - Mongolian President Ukhnaagiin Khurelsukh said on Thursday that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.
Speaking via translator at a trilateral meeting with Russian President Vladimir Putin and Chinese President Xi Jinping at a summit of the Shanghai Cooperation Organisation in the Uzbek city of Samarkand, Khurelsukh backed the plans, proposing studies of their economic feasability.
Khurelsukh said: "We also support the construction of oil and gas pipelines to supply natural gas from Russia to China through the territory of Mongolia and propose to study this issue from the viewpoint of technical and economic justification".
Russian energy giant Gazprom (GAZP.MM) hopes to build the Power of Siberia 2 gas pipeline via Mongolia to China with a view to exporting 50 billion cubic metres of gas per year via the route by 2030. No plans for an oil pipeline via Mongolia have yet been formally proposed.
 
 
 
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Xi meets with Mongolian President Khurelsukh www.xinhuanet.com

SAMARKAND, Uzbekistan, Sept. 15 (Xinhua) -- Chinese President Xi Jinping met with his Mongolian counterpart, Ukhnaa Khurelsukh, at Forumlar Majmuasi Complex in Samarkand on Thursday afternoon.
Xi pointed out that China-Mongolia relations have maintained good momentum of growth, and exchanges and cooperation between the two countries in various fields have achieved good results.
Relations with Mongolia has an important place in China's neighborhood diplomacy, he said, adding that China stands ready to work with the Mongolian side to carry forward traditional friendship and expand mutually beneficial cooperation in the spirit of amity, sincerity, mutual benefit and inclusiveness and take the China-Mongolia comprehensive strategic partnership to new heights.
Xi emphasized that the trend of the world is surging forward, that peace and development are the common aspirations of people of all countries, and that unilateralism, hegemony and the Cold War mentality will eventually be swept away by the trend of history.
China has always been committed to peace, development, cooperation and mutual benefit, and calls for building a community with a shared future for mankind, he said.
China and Mongolia need to continue to treat each other as friends, support each other and engage in win-win cooperation to set a shining example of relations between neighbors, Xi said.
The two countries, he said, need to strengthen strategic communication and policy coordination, uphold mutual respect for each other's independence, sovereignty and territorial integrity, respect the development paths independently chosen by the two peoples, firmly support each other's core interests and major concerns, and look after and consolidate the political foundation for the development of bilateral relations.
The Chinese side is ready to work with the Mongolian side to strengthen the exchange of experience on governance, synergize the Belt and Road Initiative (BRI) and the "Prairie Road" initiative, promote the development of the China-Mongolia-Russia Economic Corridor, implement the Global Development Initiative (GDI) and the Global Security Initiative (GSI), and support Mongolia in achieving better and faster development, he said, adding that China supports Mongolia's "Planting One Billion Trees" plan and is ready to carry out cooperation projects with Mongolia in combating desertification.
Khurelsukh said the traditional friendliness between Mongolia and China is increasingly solidified and that the comprehensive strategic partnership is indeed a fine example for state-to-state relations. Mongolia thanks China for offering COVID-19 assistance, which made important contributions to the health of Mongolian people.
Issues related to Taiwan, Xinjiang, Tibet and so on are China's internal affairs, he said, stressing Mongolia staunchly abides by the one-China policy and firmly opposes the interference in China's internal affairs by any country.
Mongolia highly commends China's important contributions to safeguarding world peace and security, and supports the BRI, the GDI and the GSI put forward by China, he said, adding that Mongolia is ready to build stronger synergy between the two countries' development strategies, and enhance bilateral practical cooperation in various fields such as economy and trade, railway and environment.
Great achievements have been made in the building of socialism with Chinese characteristics for a new era, and Mongolia is happy for China, he said.
Khurelsukh wished the 20th National Congress of the Communist Party of China a full success, and expressed conviction that under the strong leadership of President Xi, China will surely realize the grand goal of building China into a modern socialist country in all respects.
Ding Xuexiang, Yang Jiechi, Wang Yi, He Lifeng and other officials attended the meeting.
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L. Oyun-Erdene, Prime Minister of Mongolia, will attend the State Funeral of Her Majesty Queen Elizabeth II www.mfa.gov.mn

Prime Minister Oyun-Erdene Luvsannamsrai will attend the State Funeral of Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland to be held in London on 19 September 2022.
The Prime Minister will also attend a reception hosted by His Majesty King Charles III for national representatives attending the State Funeral and offer condolences to the Royal family and British people on behalf of Mongolia.
More than 500 Heads of State and Government, other foreign dignitaries and members of Royal Families are expected to attend the State Funeral.
The United Kingdom was the first western country to establish diplomatic relations with Mongolia and has continualy supported Mongolia’s transition to democracy.
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ION Energy kicks off drilling at its Urgakh Naran lithium brine project in Mongolia www.proactiveinvestors.com

ION Energy Ltd. (TSX-V:ION, OTCQB:IONGF) said drilling has begun at its Urgakh Naran lithium brine project in Mongolia and the previously-announced site visit is set to occur later this month.
The lithium project developer noted the first of three holes will be drilled to a minimum depth of 300 metres, advancing the company towards an Inferred resource before year-end.
“The site visit later this month will include technical experts, potential strategic partners and myself; a pivotal moment for the company and our shareholders,” ION Energy CEO Ali Haji said in a statement.
“We look forward to pressing ahead with the work onsite which will include three monitoring wells and ultimately, an Inferred resource calculation before the end of 2022,” Haji added.
ION also said brine samples will be collected according to the industry standard, assayed and shared with the market as available.
As well, the company has invited interested investors to learn more about ION Energy’s plans at its upcoming Fall Exploration Update on Thursday, September 22, 2022 at 12 pm ET. The registration link can be found HERE.
Toronto-based ION Energy is advancing the over 29,000 hectare Urgakh Naran lithium brine licence in Dorngovi Province in Mongolia. Its flagship, 81,000-hectare Baavhai Uul lithium brine project represents the largest and first lithium brine exploration licence award in Mongolia.
Contact Sean at sean@proactiveinvestors.com
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Thousands of dinosaur footprints discovered in the Mongolian Gobi Desert www.news.mn

A research team from Okayama University of Science in Japan recently discovered more than 1,000 dinosaur footprint fossils at the end of the Cretaceous period in Mongolia’s Gobi Desert. The team said that the discovery will help archaeologists understand the walking style and posture of dinosaurs, and the results are very valuable.
A dinosaur research team conducted an investigation in the southeastern and central parts of the Gobi Desert, and found 23 well-preserved continuous The long “tracks” lasted about 30 meters, and the total number of footprints reached more than 1,000, of which the largest footprint was 90 cm long.
Palaeontologists said that the history of these footprints can be traced back to the end of the Cretaceous period, 70 million to 90 million years ago, and it is speculated that they were herbivorous with a body length of about 6 to 25 meters. Dinosaur “Titanosauria” (Titanosauria) left behind.
Usually, the footprints of the forefoot are easily stepped on by the hindfoot and thus difficult to leave behind, but this time, it is rare to find many tracks with both the forefoot and the hindfoot. In addition, this is the first time a dinosaur footprint with paw prints has been found in Mongolia.
In fact, this joint investigation team has cooperated many years ago. In August 2016, they also unearthed a 106-centimeter-long dinosaur footprint fossil in the southeastern part of the Gobi Desert, which is presumed to be left by the Titanosaurus 70 million years ago. Because footprint fossils more than one meter long are rare in the world, this discovery is of great research value.
According to National Geographic, the largest dinosaur ever unearthed in Patagonia, Argentina, is Patagotitan mayorum, the largest terrestrial animal in history. Dragon genus (Titanosaur). Its weight is equivalent to the combined weight of 12 elephants and may have reached the size limit of terrestrial animals. The fossil is quite well preserved and helps experts understand its body structure.
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Mongolia reports 63 new COVID-19 cases www.akipress.com

Mongolia registered 63 new coronavirus cases for the past day.
36 are contacts of earlier confirmed cases in Ulaanbaatar, 27 cases were detected in the regions.
Imported cases were not registered.
The COVID-19 death toll stands at 2,130.
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China, Mongolia vow economic cooperation on BRI, Prairie Road strategy www.news.cgtn.com

China and Mongolia pledged economic cooperation on the Belt and Road Initiative and the Praire Road development strategy during Chinese President Xi Jinping's meeting with his Mongolian counterpart Ukhnaa Khurelsukh in Samarkand, Uzbekistan on Thursday.
Xi said China is willing to enhance the two countries' connections in the Belt and Road Initiative and the Prairie Road development strategy, forwarding the construction of the China-Mongolia-Russia economic corridor.
In 2013, Xi proposed the Belt and Road Initiative to improve regional connectivity and economic integration. The Prairie Road development strategy, an economic plan introduced by Mongolia, aims to boost trade with neighboring markets.
Underlining the importance of global development and security initiatives, Xi expressed a willingness to support the growth of Mongolia.
He said China supports Mongolia's "Planting One Billion Trees" plan and is willing to actively cooperate with the country to combat desertification.
Khurelsukh said Mongolia is willing to propel cooperation with China in fields such as trade, railway and the environment.
Xi also said China is ready to carry forward traditional friendship with Mongolia and expand mutually beneficial cooperation to elevate the China-Mongolia comprehensive strategic partnership to a new level.
China is willing to strengthen the exchange of experience with Mongolia in governance, Xi said.
Khurelsukh said the comprehensive strategic partnership between the two countries is a model relationship as their traditional friendship has been going strong.
He also thanked China for providing help to contain the COVID-19 pandemic, calling it a great contribution toward protecting people's health in Mongolia.
Mongolia firmly adheres to the one-China policy and firmly opposes any country's interference in China's internal affairs, as issues related to the Taiwan region, Xinjiang and Tibet are China's internal affairs, he said.
 
 
 
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PM meets major film studios to discuss development of Mongolian film industry www.nbc11news.com

Mongolia's Prime Minister, L. Oyun-Erdene, has met today (Sep 15) with major Hollywood studios and film companies to discuss how they can work together to further develop and promote the Mongolian film industry internationally.
Attendees at the meeting included senior representatives from HBO, Netflix, Paramount Pictures and Warner Brothers, who are all in Ulaanbaatar at the invitation of Mongolia's Culture Minister, Nomin Chinbat.
Opening the meeting, the Prime Minister outlined the Government's efforts to develop Mongolia's creative industries as part of strengthening and diversifying the country's economy. Developing the creative industries is a key part of Mongolia's New Recovery Policy and provides opportunities to create a new, independent source of growth away from mining.
The Prime Minister stressed the Government's commitment to create a favourable filming environment in Mongolia to take its film industry to the next level. Mongolia's Law on the Support of Cinematography was approved in 2021 and started to be implemented in early 2022.
The law introduced competitive incentives, including a reimbursement program for film production costs, to help major global productions and studios create jobs and build capacity, attracting more investment into Mongolia, increasing tourism and creating greater awareness of the country's unique heritage.
The visit by the leading film executives coincides with "FAM TOUR-2022", an initiative jointly organised by Mongolia's Ministry of Culture and the Mongolian National Film Council to promote the incentives available for filming in Mongolia, as well as the activities of the Council and Mongolia's beautiful natural environment. It is running from 14-19 September.
During the rest of their visit to Mongolia, which lasts until 19 September, the film executives will meet with Mongolian filmmakers, directors, producers and artists, including Nomadia Pictures and the world-class recording studio B Production. They will also visit the Mongol Nomadic Tourist Camp and see an equestrian stunt show at Terelj National Park.
Speaking following the meeting, Mongolian Prime Minister L. Oyun-Erdene said:
"Mongolia's creative industries have the potential to become a major pillar of our economy, and strengthening our partnership with these leading film companies is key to making progress in this area as part of our New Recovery Policy.
"I look forward to our work together in future and to seeing an increasing number of studios choosing to work in Mongolia in the years ahead, helping to put our film industry firmly on the map."
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EBRD and GCF support green lending in Mongolia www.ebrd.org

The European Bank for Reconstruction and Development (EBRD) is promoting green lending in Mongolia by organising a financial package of US$ 25 million to XacBank, the country’s most active creditor of green economy projects.
The package consists of an EBRD loan of up to US$ 18.75 million and concessional financing of up to US$ 6.25 million provided by the Green Climate Fund (GCF). It will help support domestic individuals and businesses willing to invest in climate mitigation and adaptation technologies and services. Beneficiaries can identify climate-friendly technologies with the help of the Green Technology Selector and dedicated technical support is available through a consultancy team funded by the GCF and Japan.
This is the latest project in Mongolia under the Green Economy Financing Facility (GEFF) programme, which is part of the EBRD’s Green Economy Transition (GET) approach, through which the EBRD aims to become a majority green bank by 2025. The programme operates through a network of more than 170 local financial institutions across 28 countries, supported by more than €5.8 billion of EBRD financing for over 220,000 clients to date. These projects have led to annual CO2 emission reductions of more than 9 million tonnes so far.
XacBank, the sustainability-award-winning financial institution and the first financial institution to join GEFF in Mongolia, will benefit from the EBRD’s experience in energy and resource efficiency and climate resilience financing.
The project is supported by technical assistance from the GCF and the Japan-EBRD Cooperation Fund.
GEFF Mongolia supports gender activities that aim to enhance equal opportunities for men and women to access finance for green technologies.
To date, the EBRD has invested almost US$ 2.17 billion in Mongolia’s economy through 122 projects.
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