1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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Mongolia to partner with India in veterinary and dairy sectors www.montsame.mn

As the pandemic is negatively affecting countries’ food supplies, trade and economy, and cooperation, overcoming the current situation has become of utmost importance for all sectors.
Mongolia has set an objective to provide state support for the sectors of food, agriculture, and light industry, put the sectors’ commodities and products into economic circulation, and boost production in the next five years.
In its framework, Minister of Food, Agriculture, and Light Industry Z.Mendsaikhan held a meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh and Resident Representative of the Food and Agriculture Organization of the United Nations (FAO) in Mongolia Vinod Ahuja.
During the meeting, the sides discussed cooperating in the production of milk and dairy products through ways such as supplying equipment, introducing biotechnological solutions, and preparing specialists in the veterinary field.
The Minister expressed interest in utilizing India’s advanced technological solutions in the agricultural sector by creating an online platform that will benefit herders and farmers throughout the country.
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2.5-2.8 million tons of freight pass through Zamiin-Uud transloading facility each year www.montsame.mn

As of today, the Zamiin-Uud transloading unit of Ulaanbaatar Railway JSC continuously runs operations by loading freight onto 902 train cars each day. At its four sites with 39 hectares of area, they have three broad-gauge railroads and two narrow-gauge railroads, with a total capacity of loading 1,200 train cars.
In charge of handling 100 percent of Mongolia’s railroad freight, the unit loads various types of freight being transported from China in open and enclosed cars as well as containers from narrow-gauge railroads onto the country’s broad-gauge railroad and autoroads. They have transferred and unloaded 348.2 thousand tons of freight so far.
The current facility for the Zamiin-Uud transloading unit was constructed through non-refundable aid from the Japanese government in 1996-1998.
In the early 90s, Mongolia had 1,520 mm broad-gauge tracks, while China had 1,435 mm gauge tracks which created difficulties in conducting transport between the two countries.
Thus, it became necessary to construct a transloading facility at the border checkpoint.
Due to the circumstance, the country’s government put forth a request to the Japanese government to have a study conducted on constructing a transloading facility based near the Zamiin-Uud railway station in November 1990. Per the request, the study was carried out between 1992-1993, and later, an agreement was signed between the two countries’ governments on implementing the project through a non-refundable aid of JPY 2.1 billion. The facility was put into operation in 1994-1996, highlighted Third Secretary at the Embassy of Japan in Mongolia Katanoda Tomoki.
As requested by the Mongolian government, a soft loan of JPY 8 billion was also provided for renovating the railroad gauge and train car repairing facility. The Railway Transport Capacity Reinforcement Project was also launched for the Mongolian railroad sector in 1993.
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Mongolia exempts sugar, vegetable oil and rice from import tariffs www.news.mn

Mongolia has decided to exempt import tariffs for certain food products until the end of this year in order to ensure their supply and price stability.
The government approved a list of certain food products such as sugar, vegetable oil and rice to be exempt from import tariffs.
It is estimated that the exemption is to help reduce the retail price of those products by 4 to 7 percent.
Consumer prices have been rising sharply in Mongolia due to the continued border restrictions caused by the COVID-19 pandemic and the ongoing Russia-Ukraine conflict.
For example, the average retail price per kilogram of rice stood at MNT 6,900 at the end of the first quarter of this year, up 130 percent from the same period last year.
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Mongolia to host Group B matches of the AFC Asian Cup qualification www.news.mn

The third round of the AFC Asian Cup qualification will take place from June 8 to 14 in six centralised venues. A total of 24 teams will participate in this round to battle it out for the 11 slots available in the 2023 Asian Cup.
The teams have been equally divided into six groups and they will play single round-robin matches. The group winners and the five best runners-up across all groups will qualify for the main event.
Group A is made up of Jordan, Kuwait, Indonesia and Nepal. Meanwhile, all matches in Group B will be hosted by Mongolia. The hosts will be joined by Philippines, Palestine and Yemen.
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China spent over $6 billion on Russian energy imports in April www.bloomberg.com

China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases.
Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 tons, according to Chinese customs data on Friday. That’s despite China’s total imports of the super-chilled fuel dropping by more than a third as lockdowns and other restrictions on industrial activity choked demand.
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Crude imports, meanwhile, rose 4% on the year to 6.55 million tons, with Russia again behind only Saudi Arabia as China’s main source of oil.
The surge in prices that accompanied Russia’s invasion of Ukraine boosted the value of China’s purchases of mineral fuels, including coal, to $6.42 billion. It means that 72% of China’s total imports in April from its strategic partner were energy-related.
The volume figures for gas don’t include pipeline imports, which haven’t been reported since the start of the year, but the Power of Siberia link is a major conduit of the fuel to China.
Moreover, Beijing is in discussions with Moscow to replenish its strategic crude stockpiles with cheaper Russian oil, a sign that energy ties between the two are only likely to strengthen as Russia’s westward markets wither due to the war in Ukraine.
Other highlights of commodities trade between China and Russia in April:
Coal imports fell 14% on-year to 3.82 million tons as Covid restrictions, milder weather and elevated domestic output reduced demand for the thermal variety
But coking coal for the steel industry rose for a third month to 1.71 million tons, more than double last year’s level, after mills bought more on the prospect of enhanced government spending
Refined copper imports fell 39% to 18,871 tons
Refined nickel imports rose almost threefold to 1,738 tons
Aluminum imports rose almost half to 31,218 tons
Palladium imports were zero
Wheat imports dropped 81% to 2,990 tons
(By Ailing Tan, with assistance from Kathy Chen, Sarah Chen and Winnie Zhu)
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Unloved since Fukushima, uranium is hot again for miners www.mining.com

Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of Ukraine.
Spot prices for uranium have doubled from lows of $28 per pound last year to $64 in April, sparking the rush on projects set aside after a 2011 earthquake and tsunami crippled Japan’s Fukushima nuclear power plant.
“Things are moving very quickly in our industry, and we’re seeing countries and companies turn to nuclear with an appetite that I’m not sure I’ve ever seen in my four decades in this business,” Tim Gitzel, CEO of Canada’s Cameco, which mothballed four of its mines after Fukushima, said on a May 5 earnings call.
Uranium prices began to rise in mid-2021 as several countries seeking to limit climate change said they aimed to move back to nuclear power as a source of carbon-free energy.
A quest for secure energy supplies has added to the potential demand.
Unrest in January in Kazakhstan, which produces 45% of primary global uranium output, had already driven prices further when Moscow’s Feb. 24 invasion of Ukraine spurred a 50% rally.
Russia accounts for 35% of global supply of enriched uranium.
Prices have retreated since a peak in April, but John Ciampaglia, CEO of Sprott Asset Management, which runs the Sprott Physical Uranium Trust, told Reuters Moscow’s invasion had “shifted the energy markets dramatically”.
“Now the theme is about energy security, energy independence and trying to move away from Russian origin energy supply chains,” he said.
There are about 440 nuclear power plants around the world that require approximately 180 million pounds of uranium every year, according to the World Nuclear Association.
Uranium mines produce about 130 million pounds, a deficit that mining executives predict will widen even if idled capacity by major producers such as Cameco and Kazakhstan’s Kazatomprom comes back online.
The supply gap used to be filled by stockpiled material, much of which came from Russia.
Now, miners are dusting off feasibility studies for mothballed mines and reviving projects.
In Australia, uranium producers – including Paladin Energy Ltd which aims to restart its Langer Heinrich uranium mine in Namibia, idled over a decade ago – have raised close to A$400 million ($282.08 million) in share sales over the last six months to fund exploration and resuscitate mines on three continents.
“With all of the additional demand that’s coming from the new nuclear (plants), the thesis is that over a five or 10-year period, that additional demand will just dwarf those volumes coming back to market,” said Regal Funds Management analyst James Hood.
China plans to build 150 new reactors between 2020 and 2035 and Japan also aims to boost nuclear capacity as does South Korea.
In Europe, Britain has committed to build one new nuclear plant every year while France plans to build 14 new reactors and the European Union has proposed counting nuclear plants as a green investment.
Easier said than done?
Delivering the new reactors, however, will be a challenge as repeated delays and cost-overruns could be exacerbated by the supply chain problems following the pandemic and the additional disruption of the Ukraine war, making demand for uranium hard to predict.
Many environmental campaigners, especially in the West, also remain opposed to nuclear energy because of the waste it generates even though atomic power is emissions-free.
Advocates of nuclear energy say small modular reactors are a solution to the difficulty of bringing on new capacity.
Keith Bowes, managing director of Lotus Resources, which owns the idled Kayelekera uranium mine in Malawi, says modular reactors will be a major source of growth from 2028 onwards.
Others say the traditional obstacle of high cost is less of a problem given the sharpened focus on security of supply.
“No longer is price the determinant, it’s now security of supply,” Duncan Craib, managing director at Boss Resources told the Macquarie Australia conference on May 9.
Boss will make a final investment decision soon on developing the Honeymoon uranium mine in South Australia, aiming for first production 18 months after any go-ahead.
Sprott’s Ciampaglia said uranium could hit $100 per pound in the long run. Prices peaked around $140 per pound in 2007.
This year’s rally has taken them to levels last seen in 2011 in part as a result of Sprott’s activity in the market with its uranium funds growing from near zero last year to about $4 billion now.
Ciampaglia said Sprott’s buying is in response to investor demand: “The Trust provides investors with a vehicle to express their view on physical uranium.”
Smaller uranium developers also want to get involved, but will need prices of at least $60 a pound to ensure the economic viability of projects, industry watchers said.
Even then there would be risks. The restart of idled capacity from uranium giants could disproportionately hit smaller players while community opposition in some areas remains.
“No mine development or restart of an idled mine is easy or without challenges,” said Guy Keller, manager of Tribeca Investment Partners’ Nuclear Energy Opportunities Fund.
($1 = 1.4180 Australian dollars)
(By Praveen Menon and Sonali Paul; Editing by Barbara Lewis)
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Mongolia to exempt import tariffs for certain food products to ensure price stability www.xinhuanet.com

Mongolia will exempt import tariffs for certain food products until the end of this year in order to ensure their supply and price stability, the government's press office said Wednesday.
"During its regular meeting on Wednesday, the government approved a list of certain food products such as sugar, vegetable oil and rice to be exempt from import tariffs," the press office said in a statement.
It is estimated that the exemption will help reduce the retail price of those products by 4 to 7 percent.
Consumer prices have been rising sharply in the landlocked Asian country due to the continued border restrictions caused by the COVID-19 pandemic and the ongoing Russia-Ukraine conflict.
For example, the average retail price per kilogram of rice stood at 6,900 Mongolian Tugriks (about 2.1 U.S. dollars) at the end of the first quarter of this year, up 130 percent from the same period last year, according to the Confederation of Mongolian Trade Unions.
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Mongolia seeks early buyback of Samurai debt www.reuters.com

SINGAPORE, May 19 (Reuters) - Mongolia wants to buy back a yen-denominated bond early to manage forthcoming foreign debts and take advantage of a weak Japanese yen, Finance Minister Javkhalan Bold said on Thursday.
The 30-billion yen ($234 million) bond, issued by the Development Bank of Mongolia, matures on Dec. 25, 2023. Javkhlan said the bank had told the bond’s arrangers it was ready to buy back the debt now.
“Starting today and until the maturity of the bonds we will be always ready. Whoever wants to sell their bonds back to us, we will be ready to buy back,” he told Reuters in a video call from his parliamentary office in the capital, Ulaanbaatar.
Repayments will be funded by collecting bad debts owed to the Development Bank, owned by the government, a process already underway and expected to deliver at least 500 billion Mongolian tugrik ($160 million) by year’s end, he said.
Early repayment was also intended to show investors that the country had enough foreign cash to meet debts, Javkhlan said, as well as manage the flow of hard currency out of the economy at a delicate time, with large debts due late in 2023.
“The Japanese yen has depreciated quite substantially,” he added. “Building on this momentum we would like to seize an opportunity to repurchase Samurai bonds early,” he said, using the name for yen debts issued by foreign companies in Japan.
The yen is down about 10% on the U.S. dollar this year. Mongolia’s commodity-driven economy, meanwhile, is growing.
But border closures with China and sanctions on Russian banks used to process export receipts are hampering its ability to cash in on rising commodity prices, just as food import costs have surged and squeezed limited currency reserves.
Fitch Ratings reaffirmed a Mongolian sovereign rating of B on Wednesday but noted that reserves of $3.6 billion, against debts of over $1 billion due in 2023-24, presented a vulnerability.
Javkhlan said Mongolia had informed the bond’s arrangers, Nomura Securities and Daiwa Securities, about plans for early repayment two weeks ago but had not heard back.
Nomura declined to comment and Daiwa did not immediately respond to a request for comment. The bond’s arranger, Mizuho Bank, declined to comment, as did the Japan Bank for International Cooperation, which guarantees the bonds.
($1 = 128.3700 yen)
$1 = 3,100 togrog Reporting by Tom Westbrook; Editing by Bradley Perrett
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How ‘weak sustainability’ helps miners contribute to the UN development goals www.mining.com

In a recent article in the journal Earth Science Systems and Society, an international research team describes how current mining practices could be improved and the sourcing and management of metals better aligned with the UN’s Sustainable Development Goals (SGDs).
According to the researchers, the mining sector can offset some of its negative impacts through compensation measures. High sustainability standards should be applied in the sourcing of raw materials and recycling systems should be significantly strengthened in order to promote an efficient and market-based circular economy, they say.
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A more sustainable extractive industry would provide a cornerstone for the fulfilment of the SDGs, for example, by supplying key raw materials for building infrastructure (SDG 9) and the production of wind and solar technologies (SDG 7).
It is clear, however, that mining will never be able to achieve all the goals of sustainable development, such as eliminating the use and consumption of non-renewable raw materials. In light of this, the authors recommend that changes should be guided by the concept of “weak sustainability”, which focuses on achieving realistic targets. This approach allows for the use of non-renewable resources if this contributes to other sustainability goals such as renewable energy generation.
In the authors’ view, the first step toward this path is improving governance. They believe this will require the participation of diverse stakeholders at different levels, from individual companies to international policymakers.
Based on their analysis, the researchers recommend the following concrete steps:
Planning and management at the organizational level: Companies and investors are responsible for incorporating sustainability indicators into their decision-making and controlling activities. Sustainability must become an integral part of the accounting system;
Regional and national regulations: All mining activities are embedded in the context of regional and national regulations. These should be guided by the three dimensions of sustainability: environmental, economic, and social. In particular, regulations should offer incentives – such as tax reductions for excellent sustainability performance or penalties for violations of sustainability goals – this can offset the financial burden for investments in sustainable operations. Regional regulations should ensure the active and effective participation of local communities and stakeholders in shaping operating conditions;
Voluntary agreements and certification systems in the industries: Benchmarks for the ecological, economic, and social sustainability of mining operations should be agreed at the international level. Clear provisions for measurement, monitoring, and compliance management are needed. This could be facilitated by national mining associations but also by large standardization organizations such as the International Organization for Standardization (ISO);
Global governance structures: Regional and national regulations should be harmonized worldwide. A global agreement of this kind could still include mechanisms to reflect specific regional circumstances. A new secretariat or unit could be created at the United Nations to govern mining worldwide. The more sustainability evolves into a key driver for change, the more the global community needs a forum in which rules for mining can be developed, negotiated, and implemented; and
Financial instruments (green investment funds): The financial sector can support the shift toward sustainability by incorporating sustainability indicators into decision-making about loans or when rating agencies rank companies’ performance.
In the authors’ view, however, to achieve such commitments a certain level of compromise must exist.
“The regulation of mining activities will always entail trade-offs, for example, between opportunities such as facilitating the energy transition, innovative battery design and e-mobility on the one side and risks for ecosystems and communities on the other side,” first author Ortwin Renn said in a media statement.
“It is important to find the right balance that ensures shared benefits, supports sustainable development as a whole and reduces the risks.”
For Renn and his colleagues, creating a sustainable mining sector will require policies that put environmental, economic, and social sustainability at the top of the agenda.
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Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer www.reuters.com

Canada’s Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.
Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill (TRQ) it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia.
However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.
Last year, Pentwater Capital had filed a class action in New York against Rio Tinto for damages, alleging the miner concealed problems that plagued the long-delayed, over-budgeted Oyu Tolgoi mine for months.
Rio confirmed the revised arrangements, and said in its statement it would “enable TRQ to fund the ongoing development of the Oyu Tolgoi”.
Rio said it had also agreed to extend the date by which TRQ can conduct an initial liquidity offering of at least $650 million to Dec. 31 from Aug. 31.
Turquoise Hill is a single-asset company holding 66% of Oyu Tolgoi, one of the world’s largest known copper and gold deposits, 550 km (342 miles) south of Mongolia’s capital Ulaanbaatar. The government of Mongolia owns the remaining 34%.
Rio and Turquoise Hill have had long-running disagreements over funding for the $6.93 billion expansion of the Oyu Tolgoi mine as costs and timelines overran, but they reached a deal in April.
Rio in January settled a long-running dispute with Mongolia over the economic benefits of the project, waiving $2.4 billion in debt owed to it by the Mongolian government.
(By Ruhi Soni and Praveen Menon; Editing by Maju Samuel and Lincoln Feast)
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