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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Deputy PM holds meeting with executives of Engineers India Limited www.montsame.mn

On March 31, Deputy Prime Minister S.Amarsaikhan received the executives of Exim Bank of India and Engineers India Limited, the consultation company in charge of providing services for the management of the oil refinery construction project.
The meeting was also attended by Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh.
The sides highlighted how the price of materials and their transport fees have increased due to the current situation, creating significant challenges in continuing onto the next stage of the project.
During the meeting, Minister of Mining and Heavy Industry G.Yondon said, “I am confident that works for the historic project being implemented by our two countries will be completed on time. The refinery’s construction work is being carried out as planned. Thus, I am putting forth a suggestion to urgently complete the process to select bidders, and continue to implement the project without losing any time.”
Deputy Prime Minister S.Amarsaikhan said, “The Government of Mongolia is paying special attention to the project being jointly implemented by the two countries. Thus, I believe that the pressing issues will be urgently resolved. It needs to pay attention to the estimation of potential risk and costs and the greater use of the workforce and materials available in Mongolia.”
The sides agreed to further discuss the matter at another meeting.
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Miners need to invest over $100 billion to meet copper demand www.mining.com

The global copper industry needs to spend more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030, Erik Heimlich, head of base metals supply at CRU said this week.
Speaking at the 2022 CRU World Copper Conference held in Santiago, Chile, the analyst said the supply gap for the next decade is estimated at six million tonnes per year, as the clean energy and electric vehicles sectors ramp up.
This means the world would need to build eight projects the size of BHP’s (ASX: BHP) Escondida in Chile, the world’s largest copper mine, over the next eight years. Such task, Heimlich said, seems questionable – “possible” rather than “probable”, given the bigger scale developments required and the fact that about half the projects in the pipeline are greenfield.
“Historically, the completion rates of these projects have been low. A large share of the greenfield possible projects in 2012 remain under-developed so there are questions about the ability to respond to the supply gap in an efficient and timely manner,” he said, as reported by Mining Journal.
Some major copper mines have come online in the last three years. First Quatum’s (TSX: FM) Cobre Panama achieved commercial production in September 2019. The asset is estimated to hold 3.1 billion tonnes in proven and probable reserves and at full capacity can produce more than 300,000 tonnes of copper per year.
Ivanhoe Mines (TSX: IVN), began copper concentrate production at its Kamoa-Kakula project in the DRC in May last year, achieving commercial production in July.
Anglo American (LON: AAL) mined first ore at its Quellaveco mine, located in the Moquegua region of Peru, in October 2021. The asset is expected to reach commercial production by mid-2022, generating between 120,000 and 160,000 tonnes of copper this year, and 300,000 tonnes annually for the first 10 years at full production.
Pipeline of hopes
While copper projects are in the pipeline, producers are wary of repeating oversupply mistakes of past cycles by speeding up plans at a time when mines are getting a lot trickier and pricier to build.
Prices for the metal have traded around decade highs, though they fell on Thursday to $10,410 a tonne due to concerns over demand in top consumer China, which is grappling with the worst resurgence of covid-19 cases since early 2020.
Bank of America (BofA) Global Research’s latest report backs CRU’s forecast. According to the bank’s analysts, visibility over the near-term copper project pipeline is good, but activity increases will “come with a wrinkle”.
“Many of the projects currently developed have been in the making for almost three decades, and with exploration activity relatively limited in recent years, supply increases may fade from 2025,” the experts said.
A lump of next decade’s new supply will potentially come from the Reko Diq deposit in Pakistan, as Barrick Gold (TSX: ABX) (NYSE: GOLD) reached a deal last week that ended long-running dispute with the country’s government.
Alcantara Group’s Tampakan project in the Philippines is also expected to contribute closing the global supply gap and so is Seabridge Gold’s KSM project in British Columbia, Canada.
Rio Tinto (ASX, LON: RIO) is developing a $6.93 billion underground expansion of the giant Oyu Tolgoi copper-gold mine in Mongolia, which has been plagued by delays and costs overruns. First production has been deferred several times and it is now expected in the first half of 2023.
The market is also following closely what SolGold (TSX, LON: SOLG) is doing with its Alpala copper-gold project at the Cascabel property in Ecuador.
The company has yet to publish a pre-feasibility study (PFS) for the project, but it says that once developed, it would produce an average of 150,000 tonnes of copper, 245,000 ounces of gold and 913,000 ounces of silver in concentrate per year during its 55-year life-of-mine.
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Serbian elections could improve chances for Rio Tinto’s lithium project www.mining.com

Rio Tinto (ASX, LON: RIO) might have a chance to see the licence for its $2.4 billion Jadar lithium project in Serbia reinstated if the country’s pro-mining president, Aleksandar Vučić, and his ruling Serbian Progressive Party (SNS) win the elections this weekend, analysts believe.
The country heads to the polls on Sunday to vote for both president and parliament, with opinion surveys showing that Vučić is likely to win another five-year term and that the SNS is also set to win a majority.
An SNS victory is likely to deal a blow to the environmental movement blossoming in the country since September 2021, Capucine May, Europe Analyst at risk intelligence company Verisk Maplecroft said.
Over the past five months, green groups such as Ecological Uprising and Kreni Promeni have used high-profile mining projects — notably Rio Tinto’s Jadar lithium project – as rallying points for their cause, May said.
Protests gained momentum when the government attempted to reform the referendum and expropriation laws in November 2021, which activists saw as easing the way for foreign miners into the country.
“This gave environmental protests an anti-government element and proved to be a unifying force for the historically fragmented political opposition in Serbia,” the Verisk Maplecroft expert noted.
May believes Belgrade’s latest concessions, including pulling the plug on Jadar and leaving expropriation laws unchanged, were part of a political strategy to secure a win on April 3.
“Once re-elected, we expect the SNS will maintain its pro-mining stance,” May said. “The fact that the government has so far refused to consider a potential lithium mining ban in Serbia points in this direction.”
While rather unlikely, there is a chance the SNS will re-issue permits for Jadar, May noted, adding that locals have reported that Rio Tinto continues to buy land in the Western Serbian region, which is rich in jadarite. The new mineral containing lithium and boron was discovered by the Rio’s geologists in 2004.
Vučić’s critics say his popularity is due to his autocratic style of rule, which includes firm control of media and benefits such as employment in state-run firms that they say are reserved for his supporters.
The Verisk Maplecroft analyst believes Serbia’s governance reputation could be affected should Vučić reinstate Rio’s licence for the Jadar project. She predicts such move, while unlikely, would trigger a fresh wave of protests.
Battery ambitions
Rio Tinto had invested $450 million on pre-feasibility and other studies for Jadar as of January this year.
It has also spent years developing technology to economically extract lithium from jadarite and it even shipped a pilot lithium processing plant last year to Serbia in four 40-foot (12 m) shipping containers of equipment.
The Jadar lithium project was slated to be Europe’s biggest mine of the battery metal, with a production of 58,000 tonnes of refined battery-grade lithium carbonate per year, enough to power one million electric vehicles.
Over the past five years, the company has tried expanding its footprint in the battery market. In 2018, it reportedly attempted to buy a $5bn stake in Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer.
In April 2021, the miner kicked off lithium production from waste rock at a demonstration plant located at a borates mine it controls in California.
Rio took another step into the lithium market this week, completing the acquisition of the Rincon lithium project in Argentina for $825 million, which has reserves of almost two million tonnes of contained lithium carbonate equivalent, sufficient for a 40-year mine life.
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Mongolia records 112 new cases of COVID-19 www.akipress.com

Mongolia recorded 112 new cases of COVID-19 infection, reports the Ministry of Health on March 31.
55 of them were recorded in Ulaanbaatar, 37 cases were detected in the regions.
No new deaths from COVID-19 were reported in Mongolia for the 12th consecutive day. The death toll remains at 2,108.
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Memorandum signed on the implementation of ‘Work and Holiday’ visa arrangement www.montsame.mn

On March 31, the signing ceremony of the Memorandum of Understanding between the Government of Mongolia and the Government of the Commonwealth of Australia on the implementation of the ‘Work and Holiday’ visa arrangement took place at Parliament House of Australia.
Representing their respective governments, N.Ankhbayar, State Secretary of the Ministry of Foreign Affairs of Mongolia, and Alex Hawke, Member of the Australian Parliament and Minister for Immigration, Citizenship, Migration Services and Multicultural Affairs, have signed the MoU.
With the signing of MoU aimed at deepening bilateral relations and cooperation, promoting cultural exchanges between youth, and supporting their desire to learn and develop, from July 1 this year 100 young people from Mongolia will able to work and travel in Australia for a year. They will be also able to study for up to four months during this period.
“Although the number of Mongolians residing in Australia is small compared to people from other countries, we are pleased that they are making substantial contribution to our society. The implementation of the arrangement allows to strengthen the mutual understanding and opens up an opportunity for Mongolian youths to study and travel in Australia while they are working,” said Minister Alex Hawke during the ceremony.
For his part, State Secretary N.Ankhbayar noted, “We are glad that a long-awaited document is now a real work. We hope that the relationship, mutual understanding, trust and cultural exchange between the youth of Mongolia and Australia will strengthen, and many young Mongolians will make a significant contribution to the development of society, culture and economy in Australia as well as in Mongolia.”
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Last of the giant camels and archaic humans lived together in Mongolia until 27,000 years ago www.phys.org

A species of giant two-humped camel, Camelus knoblochi, is known to have lived for approximately a quarter of a million years in Central Asia. A new study in Frontiers in Earth Science shows that C. knoblochi's last refuge was in Mongolia until approximately 27,000 years ago. In Mongolia, the last of the species coexisted with anatomically modern humans and maybe the extinct Neanderthals or Denisovans. While the main cause of C. knoblochi's extinction seems to have been climate change, hunting by archaic humans may also have played a role.
"Here we show that the extinct camel, Camelus knoblochi, persisted in Mongolia until climatic and environmental changes nudged it into extinction about 27,000 years ago," said Dr. John W Olsen, Regents' professor emeritus at the School of Anthropology of the University of Arizona, Tucson, US.
Paradoxically, today, southwestern Mongolia hosts one of the last two wild populations of the critically endangered wild Bactrian camel, C. ferus. The new results suggest that C. knoblochi coexisted with C. ferus during the late Pleistocene in Mongolia, so that between-species competition may have been a third cause of C. knoblochi's extinction. Standing nearly three meters tall and weighing more than a ton, C. knoblochi would have dwarfed C. ferus. The precise taxonomic relationships between these two species, other extinct Camelus, and the ancient Paracamelus aren't yet resolved.
Olsen said, "C. knoblochi fossil remains from Tsagaan Agui Cave [in the Gobi Altai Mountains of southwestern Mongolia], which also contains a rich, stratified sequence of human Paleolithic cultural material, suggest that archaic people coexisted and interacted there with C. knoblochi and elsewhere, contemporaneously, with the wild Bactrian camel."
Steppe specialists driven into extinction by desertification
The new study describes five C. knoblochi leg and foot bones found in Tsagaan Agui Cave in 2021, and one from Tugrug Shireet in today's Gobi Desert of southern Mongolia. They were found in association with bones of wolves, cave hyenas, rhinoceroses, horses, wild donkeys, ibexes, wild sheep, and Mongolian gazelles. This assemblage indicates that C. knoblochi lived in montane and lowland steppe environments, less dry habitats than those of its modern relatives.
The authors conclude that C. knoblochi finally went extinct primarily because it was less tolerant of desertification than today's camels, C. ferus, the domestic Bactrian camel C. bactrianus, and the domestic Arabian camel C. dromedarius.
In the late Pleistocene, much of Mongolia's environment became drier and changed from steppe to dry steppe and finally desert.
"Apparently, C. knoblochi was poorly adapted to desert biomes, primarily because such landscapes could not support such large animals, but perhaps there were other reasons as well, related to the availability of fresh water and the ability of camels to store water within the body, poorly adapted mechanisms of thermoregulation, and competition from other members of the faunal community occupying the same trophic niche," wrote the authors.
Towards the end, the last of the species may have lingered, at least seasonally, in the milder forest steppe—grassland interspersed with woodland—further north in neighboring Siberia. But this habitat probably wasn't ideal either, which could have sounded the death knell for C. knoblochi. The world would not see giant camels again.
Preyed upon or scavenged by humans
What were the relations between archaic humans and C. knoblochi?
Corresponding author Dr. Arina M Khatsenovich, senior researcher at the Russian Academy of Sciences' Institute of Archeology and Ethnography in Novosibirsk, Russia, said, "A C. knoblochi metacarpal bone from Tsagaan Agui Cave, dated to between 59,000 and 44,000 years ago, exhibits traces of both butchery by humans and hyenas gnawing on it. This suggests that C. knoblochi was a species that Late Pleistocene humans in Mongolia could hunt or scavenge."
"We don't yet have sufficient material evidence regarding the interaction between humans and C. ferus in the Late Pleistocene, but it likely did not differ from human relationships with C. knoblochi—as prey, but not a target for domestication."
First author Dr. Alexey Klementiev, a paleobiologist with the Russian Academy of Sciences' Siberian Branch, said, "We conclude that C. knoblochi became extinct in Mongolia and in Asia, generally, by the end of Marine Isotope Stage 3 (roughly 27,000 years ago) as a result of climate changes that provoked degradation of the steppe ecosystem and intensified the process of aridification."
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Russia gives US dollar a SWIFT kick www.rt.com

The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in bilateral trade.
The mechanism developed by the Russian central bank is expected to boost commerce between the two countries by avoiding dollar-denominated trade, and allow the world’s third biggest oil consumer to continue purchases from Russia, bypassing Western sanctions.
The scheme involves rupee-ruble-denominated payments via Russia’s messaging system, SPFS. The final decision is expected to come after a two-day visit of Russian Foreign Minister Sergey Lavrov to India, according to unnamed people with knowledge of the matter, as quoted by Bloomberg.
Lavrov’s visit to India is scheduled for Thursday, and Russian central bank officials will reportedly visit the country next week to discuss the details.
According to Bloomberg’s sources, the Reserve Bank of India regularly meets with executives from the country’s banking system to discuss matters such as exposure to Russia and risks from the latest sanctions.
India ready to bypass dollar in trade with RussiaREAD MORE: India ready to bypass dollar in trade with Russia
The arrangement is expected to allow Indian exporters keep doing business with Russia despite the latest penalties that ban the use of the SWIFT interbank messaging system. It would allow India to continue purchases of Russian oil, weapons, and other goods.
Under the proposal, rubles will reportedly be deposited into an Indian bank and converted into rupees, and the same system will work in reverse. Russia also wants India to link its Unified Payments Interface with their MIR payments system for seamless use of cards issued by banks of both countries after Visa and Mastercard suspended operations in Russia.
Last year, India exported $3.3 billion worth of goods to Russia, mostly pharmaceutical products, tea, and coffee, and imported $6.9 billion worth of Russian products, including arms and defense goods, mineral resources, fertilizers, metals, diamonds, and other precious stones.
The world’s sixth biggest economy also imports Russian oil, with the country’s major refiner, Indian Oil Corp, increasing purchases over the past month.
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Elixir Energy builds on Mongolia’s first gas discovery with exploration and appraisal program www.proactiveinvestors.com.au

Elixir Energy Ltd (ASX:EXR) continues to advance its coal bed methane exploration and appraisal program in North Asia, where it’s building on Mongolia’s first gas discovery.
Currently, the ASX-lister is invested in developing its wholly-owned Nomgon IX coal bed methane production sharing contract (PSC), just north of the Mongolian/Chinese border.
As part of its exploration and appraisal program, Elixir’s first well in its 2022 drilling campaign discovered a new coal-bearing sub-basin.
Since then, an appraisal well on the property has been spudded and two more drilling sub-contractors have signed up to accelerate the company’s work program.
Elixir is advancing Mongolia’s first coal bed methane discovery. Down the line, it believes the project could operate all year round.
Rapidly expanding activities
Speaking about progress to date, Elixir managing director Neil Young said: “Naturally we are pleased that our 2022 program has started off with a successful exploration well.
“As the Mongolian winter turns to spring, we are rapidly expanding our activities in the Nomgon PSC and are pleased to be adding two new drilling subcontractors to our overall team.”
Elixir’s exploration plans for 2022 include acquiring 322 kilometres of 2D seismic data. This program is underway, with 47 kilometres acquired to date.
The story so far
Elixir’s first well in its 2022 drilling campaign was the Tim-1S exploration well, targeting the identification of a new sub-basin just south of the Tavan Tolgoi mining complex.
This well was drilled to a total depth of 804 metres and logged 16 metres of coal and 30 metres of silty coal, yielding a total coal pay of 46 metres.
The drilling sub-contractor that drilled Tim-1S, Top Diamond Drilling LLC, has now moved its rig to the Tim-2 location — the appraisal well that was recently spudded — roughly 200 metres downdip of the Tim-1 coal intersection.
Notably, Tim-1S and Tim-2 were drilled as carry over wells from the PSC’s 2021 budget.
Elixir now has all the formal annual approvals to begin the 2022 program and recently re-signed Top Diamond Drilling — as well as a new drilling sub-contractor, Ellecohr LLC — to drill the company’s wells in the exploration and appraisal program for this year.
In addition, Elixir is contracting with the local subsidiary of international drilling firm Major Drilling to drill and complete the long term pilot production wells, due to be drilled in the middle of the year.
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EBRD supports Mongolia's first natural skincare brand www.akipress.com

The EBRD and We-Fi help Lhamour LLC prepare for global expansion, EBRD release said.
Founded in 2014, Lhamour is a natural skincare brand with green credentials ­­– the first of its kind in Mongolia. The company recently benefited from EBRD support and funding from the Women Entrepreneurs Finance Initiative (We-Fi) to improve its HR management processes, allowing founder and CEO Khulan Davaadorj, to step back from running the day-to-day business and focus more on strategic goals.
Lhamour started as a home business and Khulan had found herself responsible for marketing, design and branding, social media and even accounting. After seven years of managing everything, she sensed it was the right time to divert her attention to other areas and approached the EBRD’s Women in Business programme for assistance.
The EBRD matched the company with consultants, who conducted an HR audit leading to the implementation of a KPI and bonus scheme within the company. These targets and incentives improved productivity, and allowed roles to become better defined and employees to step up into management positions. For Khulan, it was essential that the company culture she had spent years fostering remained and thrived along with the changes.
Inception: evolving a passion project into a viable business
A self-confessed nomad and entrepreneur, following her return to Mongolia in 2012 after many years abroad, the seeds of Khulan’s business idea were sown when she began to suffer from skin rashes. Her GP suspected that the cause was a combination of the local air pollution, water quality and extreme climate, so Khulan sought out mild, natural skincare products that would help alleviate the itching without causing further inflammation.
However, there was nothing she could find. The products on the market were either imported – and not genuinely natural – or low quality. She was inspired to learn about our skin and the effects that chemical-based products can have on it and enrolled in Formula Botanica – the world's leading online organic cosmetic science school – and became an accredited skincare product formulator.
Khulan was soon making products at home using Mongolian ingredients. The business grew from there, launching as Lhamour, in 2014. The name is a combination of ‘Lhamo’, her niece, and ‘amour’, the French word for love, and now has 34 employees producing over 40 handmade skincare products and accessories using many locally sourced ingredients, such as yak milk. Today, Lhamour officially sells its products in 10 countries.
Lhamour is truly setting the pace for eco-friendly business in Mongolia, providing natural skincare products through a zero waste production method and using unique local ingredients for the health-conscious and socially responsible consumer.
The company had a setback in 2015 when the basement of its factory was flooded and everything was destroyed. Khulan reached out to her Facebook followers for help and was moved when 10 young volunteers she had previously mentored turned up to help remove the water – which was knee-deep – and dry out whatever they could.
Because Lhamour had loyal customers and employees who shared in Khulan’s vision, it prevailed, despite the challenges of getting production going again. Fast-forward to today and the company is planning to expand, focusing on establishing new commercial ties and opportunities in the EU, the USA and Japan in the very near future.
With a strong brand identity, a great company culture and a commitment to sustainable business practices, Lhamour’s continued growth seems all but assured.
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Preparations completed to start construction of Erdeneburen HPP www.montsame.mn

During today’s regular meeting of the Cabinet, Minister of Energy N.Tavinbekh presented the progress of the Erdeneburen hydropower plant project.
The western region of Mongolia consumes 35 MW of power annually, while the Erdeneburen HPP will have a capacity to provide 90 MW. The Energy Minister pointed out at the beginning of the presentation that the plant is projected to have three times more capacity than the western region’s annual consumption.
He said, "With the commissioning of this plant, we will be able to supply domestic green energy to the western region sustainably. All the necessary preparation works to commence the construction phase are finished. The only challenge we are facing right now is the relocation of the 1,251 farmers and herders or 270 households who currently reside in the area. Under the effective law, they will only be compensated based on the value of their fixed assets. Therefore, the government is considering increasing the compensation. The final decision will be made at the next week’s meeting and in consultation with the Prime Minister”.
While emphasizing the world’s transition to renewable energy sources with views to reduce greenhouse gas emissions and mitigate climate change, the Minister noted that the hydropower plant is the most suitable for Mongolia. Currently, there is no large-capacity hydropower plant in our country except the seven which are low-capacity.
At the end of his presentation, the Minister underlined that the government will pay special attention to the use of renewable energy sources due to the inability of existing power plants to normally operate during peak hours, and noted that not only Erdeneburen, but also Eg and Shuren HPP projects are moving forward.
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