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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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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Mongolia Looks To Finance National And Global Sustainable Development Goals Through Integrated SDG Financing www.publicnow.com

Ulaanbaatar - 09 June 2022: For many developing countries including Mongolia, financing its national development priorities and sustainable development goals remain a key challenge. To discuss possible solutions and international best practices, the Government of Mongolia led by the Ministry of Finance and UN agencies led by the UNDP and UNICEF are co-organizing "Financing the Future We Want: Rolling out integrated SDG Financing in Mongolia" workshop with representatives from the public and private sector, international financial institutions, donors, civil society organizations and investors.
The workshop is being organized at a crucial time for Mongolia as the increased budget deficit and foreign debt burdens in addition to the Covid-19 pandemic and global geopolitical crises are pressuring Mongolia's fiscal space for financing its development priorities as well as the Sustainable Development Goals (SDGs.) According to Government of Mongolia, a total of MNT 100-120 trillion is needed to achieve the "New Recovery Policy 2021-2030" highlighting the urgent need for additional financing resources for the country.
Her Excellency Ms. Mungunchimeg Sanjaa, Vice Minister of Finance, said "As public financing alone is not enough to finance our development priorities, the Government, private sector, investors and development partners need to align their policies, activities and financial resources with national and global development priorities, increase their financial resources and increase the efficiency and value of the investment through implementing public finance reform" during her opening remarks.
The main focus of the workshop is the development and adoption of the Integrated National Financing Framework (INFF) as Mongolia is one of the over 80 countries around the world currently developing it. Mr. Tapan Mishra, UN Resident Coordinator in Mongolia, stressed the importance of INFF and said, "Through the INFF, Mongolia has the potential to chart a path forward to align multiple financing sources with development priorities and to mobilize new financial resources for sustainable development, especially from the private sector."
"The European Union supports the development of INFF Facility globally and in Mongolia since its adoption in Addis Ababa in 2015. The Integrated National Financing Framework will strengthen the government planning processes and help identify and overcome existing challenges to finance the sustainable development to meet the SDGs for Mongolia, especially during this critical time" said Her Excellency Ms. Axelle Nicaise, Ambassador of the European Union to Mongolia.
The workshop featured presentations on multiple milestones including successful piloting of the results-based and SDG-aligned budgeting at four Ministries, SDG Auditing pilot at the Mongolian National Audit Office, publishing of the Sustainability Reporting Guidance for private sector, ongoing development of draft SDG Finance Taxonomy, SDG Investor Mapping, SDG Bond Feasibility and Framework Study, and Debt for Nature Swap study with the support of UNDP and other development partners.
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Mongolia to improve online public services with $40.7 million World Bank loan www.xinhuanet.com

Mongolia will improve its online public services for citizens and businesses, boost digital skills training, and increase digital-enabled jobs with a sizable credit from the World Bank.
A statement by the bank on Tuesday said the $40.7 million credit aims to improve Mongolia’s legal and regulatory environment for building trust and cybersecurity in the use of digital technologies, through the Smart Government II Project.
It added that the project is also expected to enable the development of public services, shared use of cloud computing and cybersecurity services in the public sector.
“For the digital economy, the project will provide skills and literacy training to 13,000 civil servants and citizens and create 3,000 new digital jobs for youth and women.
“It will help digitalise 2,000 small and medium enterprises (SMEs) to improve their competitiveness and resilience in the global economy.”
Andrei Mikhnev, World Bank country manager for Mongolia, said it is important that all Mongolian citizens and businesses be able to benefit from the global digital transformation and their country’s digital development efforts.
“It will help SMEs, especially those owned or led by women, increase their competitiveness in the global digital market and build their resilience for future crises,” he said.
(Xinhua/NAN)
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BoM purchases 6 tons of precious metal www.montsame.mn

In May, the gold purchase of the Bank of Mongolia (BoM) was 2,152 kg, raising the BoM’s total precious metal purchase of 2022 to 6 tons. The figure shows a decrease of 14 percent as compared with the same period of the previous year.
Since the beginning of this year, the BoM branches in Darkhan-Uul and Bayankhongor aimags have bought 193.6 kg and 304.9 kg of precious metals respectively.
In May, the average price of BoM’s purchase of 1 gram of gold was MNT 193,114 last month.
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Australian methane emissions massively underestimated - report www.bbc.com

The amount of greenhouse gas leaking from Australian coal mines has been hugely under-reported, a report says.
And unless quick action is taken, it could prevent the country from reaching its emission reduction targets.
The new report analysed methane being released from coal mines, finding the amount is twice the official estimates.
Australia's new government has pledged to cut emissions faster than its predecessor, but it has not ruled out supporting new coal mines.
Reducing emissions from methane - a potent greenhouse gas - is a renewed focus for world leaders.
The US, the EU and Indonesia - the world's biggest coal exporter - were among more than 100 countries that last year promised a 30% cut in methane emissions by 2030.
Australia ranks second for coal exports and is among the world's top methane emitters, but it did not sign on to the pledge.
Methane has more than 80 times the heating power of carbon dioxide over a 20-year period. It is estimated to be responsible for almost a third of the globe's warming since pre-industrial times.
In 2019, Australia's coal mines emitted 898,000 tonnes of methane, according to the federal industry department.
But the new report by UK think-tank Ember has found current methods of calculating those emissions are wrong - in the worst case by a factor of 10.
Previous estimates have been based on how much coal is produced rather than measuring how much gas leaked from mines, the report said.
Recent research using satellites have given a more accurate picture of pollution and have been adopted by the International Energy Agency (IEA).
The IEA has estimated Australian coal mines emitted 1.8 million tonnes of methane in 2021, double the latest officially reported figures, the report said.
"Methane leaking from Australian coal mines has almost double the climate impact every year than all of Australia's cars," said Dr Sabina Assan, the report's author.
"At the current level, methane leaking from coal mines will put Australia's modest 2030 climate targets well out of reach."
The country has a 2030 goal of a 43% emissions cut, still short of allies like the UK and US.
The good news is that it is possible to tackle coal mine methane emissions quickly, says the report, which was commissioned by a climate change lobby group.
"[It] really is the low-hanging fruit in the fight against climate change," Dr Assan said.
The first step, it says, is to stop any new coal projects - dozens of which are currently being considered across Australia.
Retiring Australia's "gassiest" mines early will also drastically help, as will banning "venting" - the release of gas build-ups in underground coal mines into the air - and finding sustainable uses or storage for methane.
Existing technologies - if applied to all underground mines - have the potential to cut Australia's methane emissions by about 45%, the report said.
Prime Minister Anthony Albanese's government has not commented on the report, but it previously said it will not leave "emissions intensive" industries - like mining - at a disadvantage to their global competitors.
It has also promised it will support new coal mines if they make commercial sense, and that it will not force coal-fired power stations to shut early.
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Mongolia reports 109 new coronavirus infections www.akipress.com

Mongolia reported 109 new coronavirus infections, the coronavirus statistics as of June 8 showed.
59 of them were revealed among persons who had contact with the infected in Ulaanbaatar, 50 other cases were detected in regions.
No new imported cases of COVID-19 were reported.
The death toll remains at 2,116 as no new deaths related to COVID-19 were reported during the past day.
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N.China's Inner Mongolia registers 240 positive COVID-19 cases in six days www.globaltimes.cn

As the COVID-19 epidemic in other parts of China subsides, it's flaring up in North China's Inner Mongolia Autonomous Region which on Wednesday said it's registered 240 positive infections in the past six days.
Since the seven positive cases reported on June 2, the daily tally jumped to 81 on Tuesday. The current 240 positive infections spread in five areas of Inner Mongolia, with Erenhot, located in Xilingol League and bordering Mongolia, affected the most.
Senior local official urged to cut off viral transmission at a quick speed. Wang Lixia, the deputy Party chief of Inner Mongolia, noted on Tuesday that the epidemic in Erenhot, the focal point of this wave of epidemic resurgence, is severely complicated, stressing a quick speed to contain the virus.
Latest data released at Wednesday's press conference showed that Erenhot was hit by Omicron, which infected 224 people in the city with most showing mild symptoms.
The region now registers seven high-risk areas and one medium-risk area for COVID-19.
Since June 2, Erenhot has imposed static management with all communities under strict management and all residents being encouraged to work from home. The routes in and out of the city were suspended. If people would like to leave for special reasons, they should apply to local anti-epidemic department.
Another city, Chifeng, required all people at public posts to work from home. Two certificates of negative nucleic acid tests taken within 48 hours are required to leave the city.
Global Times
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Erdenes Mongol LLC to become National Wealth Fund www.montsame.mn

At today’s regular Cabinet meeting, a resolution on some measures to be taken to Erdenes Mongol LLC was approved.
According to the resolution, Erdenet Mining Corporation and Mongolrostsvetmet state-owned enterprise will be affiliated to Erdenes Mongol LLC. Also, Prime Minister L. Oyun-Erdene assigned the relevant officials to reduce the total number of the board members of the company’s subsidiaries from 207 to 27.
Minister of Mining and Heavy Industry G. Yondon said, “The Ministry of Mining and Heavy Industry drafted a Bill on National Wealth Fund and presented it to the Government. The Government supported the Bill and decided to submit it to the Parliament for consideration. According to the Bill, Erdenes Mongol LLC will become the National Wealth Fund; thus the company’s structure, executive management, the Board of Directors, and mission and strategy of operations have been clearly specified in the Bill.”
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TMK flags further 21 M of gassy coal at SL-02 in Mongolia www.naturalgasworld.com

Sydney-listed TMK Energy on June 8 said that drilling on Snow Leopard-2 (SL-02) in Mongolia has intersected a further 21 m of gassy coal in the lower seam, from a depth of 457 m to 478.5 m.
This is in addition to the 70 m of coal that was intersected in the upper seam at SL-02 and brings the total net coal thickness intersected to 91 m. “Coal core from both the upper and lower coal seams at SL-02 have been sampled for gas desorption testing and preliminary results indicate that both seams contain high gas contents,” the company said.
Drilling at SL-02 is now complete with the total depth of the well at 540 m. Downhole geophysical surveys are currently being completed in preparation for potentially completing further permeability testing on the coal intersections, subject to hole conditions.
The Gurvantes XXXV coalbed methane project in the South Gobi basin of Mongolia covers an area of 8,400 km2 and is situated around 20 km from the Chinese-Mongolian border and close to the northern China gas transmission and distribution network. TMK earlier this year completed the acquisition of Telmen Energy, which held a 100% interest in the Gurvantes XXXV project.
TMK CEO Brendan Stats said that the company's focus has now shifted to the fast-tracking of the pilot production system and early commercialisation opportunities.
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Ukraine to halt coal and gas exports www.rt.com

Ukraine will not be exporting gas and coal to other countries, President Volodymyr Zelensky said on Tuesday. He warned that the state is facing the “most difficult” winter since its independence 30 years ago, due to the ongoing military conflict with Russia.
“It’s OK, we have to go through it so that our people can feel that the state is functioning normally,” Zelensky said in an address posted on his Telegram channel. “At this time, we will not be selling our gas and coal abroad. All domestic production will be directed to the internal needs of our citizens," he added.
Zelensky demanded that the government do everything possible to ensure that gas and electricity prices stay unchanged for consumers in the upcoming heating season. On Tuesday, Prime Minister Denis Shmygal said that coal production in Ukraine’s state-owned mines has decreased by about a third since the end of February.
According to the International Energy Agency, Ukraine produces coal, natural gas and oil; however, the energy demand exceeds domestic supply, with the country having to import fossil fuels to cover an energy gap of about 35%.
Ukraine ranked sixth in the world for hard coal reserves in 2019, with coal accounting for over 90% of the country’s fossil fuels. Despite this, the IEA notes, Ukraine has increasingly relied on imports in recent years, with 70% of imported coal coming from Russia.
Much of the natural gas Ukraine imports also originates from Russia, as it travels into Ukraine through reverse flows from central and eastern European countries, the IEA says. Ukraine is an important transit country for gas supplies from Russia to Europe.
The coal, fuel and petroleum products that Ukraine exports mainly go to other former Soviet Republics as well as to Turkey and China, according to data from Trading Economics.
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Mongolia to host 2023 IIHF World Championship Division IV www.montsame.mn

During its annual congress that took place in Finland, the International Ice Hockey Federation (IIHF) has made the decision for 2023 IIHF World Championship Division IV to be hosted in the capital city of Mongolia.
Mongolia will be hosting the international tournament for the very first time on March 12-16, 2023. According to the State Committee for Physical Culture and Sports, teams of Mongolia, the Philippines, Hong Kong, Taiwan, and Singapore will be competing in the tournament.
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