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    

Category

Events

Events

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

NEWS

64x64

Leather processing factory commissioned in Uvurkhangai aimag www.montsame.mn

A leather processing factory with an annual capacity of one million animal skins and hides launched its operation on December 15 in Uvurkhangai aimag.
‘Skin future’ LLC, ‘Wool future’ LLC and the Mongolian Association of Leather Industry (MALI) jointly established the factory with an investment of MNT 2.7 billion.
The factory has a sewage treatment facility with a capacity of 700 cubic meters/day .
Governor of Uvurkhangai aimag A.Ishdorj said, “I am delighted that the establishment of the factory creates more than 100 jobs and gives the opportunity of increasing income to herder households while turning the devalued animal skins and hides into the value-added products and supplying it to the market.”
...


64x64

Energy crisis coming as global oil production set to plunge by a third www.rt.com

Global crude production is expected to drop 30% by the end of the current decade due to underinvestment in oil and gas, according to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman.
“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” Abdulaziz bin Salman said, as quoted by Bloomberg.
He warned that falling investment in fossil fuels could result in an “energy crisis.”
According to the official, oil output may decline by as much as 30 million barrels per day by 2030.
He urged energy corporations and investors to ignore “scary messages” about oil and gas. A similar warning was voiced by Saudi finance minister Mohammed Al-Jadaan.
Saudi Arabia, the world’s largest oil exporter, is currently trying to raise its production capacity to 13 million barrels a day from 12 million by 2027. The push is out of tune with the latest call from the International Energy Agency for the cessation of new investment in fossil fuel, that comes as part of the plan to neutralize carbon emissions by 2050.
According to data tracked by the International Energy Forum, a Riyadh-based think tank, global spending on energy projects plummeted by 30% to $309 billion during pandemic-hit 2020, recovering just slightly this year.
...


64x64

Beijing 2022: Putin tells Xi he will attend Winter Olympics www.bbc.com

Russian president Vladimir Putin has pledged to attend the 2022 Winter Olympics in Beijing, making him the first major western leader to indicate his attendance.
His remarks came in a video call with Chinese President Xi Jinping, who said he looked forward to a "get-together".
It comes as a growing number of countries have joined a diplomatic boycott of the Games.
This is due to alleged human rights abuses in China, which Beijing denies.
"I would like to point out that we always support each other when it comes to international sports cooperation, including our position against attempts to politicise sports and the Olympic Movement," said Mr Putin in comments carried by state-owned media outlet The Global Times.
China has been accused of genocide in its repression of the predominantly Muslim Uyghur minority in Xinjiang - an allegation it has repeatedly rejected.
China's suppression of political freedoms in Hong Kong and concerns for Chinese tennis player Peng Shuai, who was not seen in public for weeks after she accused a top government official of sexual assault in November are also among the diplomatic issues that have arisen.
The US, UK and Australia and Canada have said their high-level officials will not be attending the winter Games, which will take place in February, as a result.
However, athletes from these countries will still be in attendance.
China has taken aim at countries joining the diplomatic boycott, saying they would "pay the price for their mistaken acts".
"The United States, Britain and Australia have used the Olympics platform for political manipulation," Wang Wenbin, a spokesperson at the Chinese foreign ministry, said.
On Thursday, Japan's Prime Minister Fumio Kishida also added that he had no plans to attend the Games at the moment.
Russia under Mr Putin has forged extensive economic, military and scientific ties with China.
...


64x64

Centerra Gold hit with lawsuit over rights violations at Kyrgyzstan mine www.mining.com

Kyrgyzstan is suing Canada’s Centerra Gold (TSX: CG) over alleged cyber-security and employee rights violations at its formerly owned Kumtor gold mine, in the latest chapter of an ongoing dispute between the parties over the expropriated asset.
The legal challenge claims that Centerra has blocked user and administrator access to Kumtor’s computers since May 2021, shortly before the government appointed a temporary external manager at the mine.
The Toronto-based miner and the Kyrgyz government have clashed over financial and environmental issues related to the mine for years. Their standoff took a turn for the worse in May, when the nation took control of the mine, alleging that Centerra was running it in a dangerous way for both the environment and nearby communities.
“Once again, it appears that the Kyrgyz government is trying to divert attention from the fact that it sent secret police to seize the Kumtor gold mine,” a spokesperson for Centerra Gold said in an emailed statement.
“As we have said previously, when government authorities confiscated computers and passwords of individual Kumtor employees, Centerra’s global IT systems restricted user access to preserve the integrity of the organization’s global IT infrastructure and its confidential information. The mine’s safety systems were not impacted,” he noted.
The company responded by suing former director Tengiz Bolturuk, a dual Canadian and Kyrgyz citizen. Centerra says the former board member secretly co-operated with Canadian and US lawyers, as well as with the government of Kyrgyzstan to stage the mine expropriation.
In late August, the miner said it had obtained photographic evidence that there are at least 40 meters of water at the bottom of the Kumtor gold mine and “abnormally” large amounts running down the pit walls, which it said could lead to catastrophic events.
Kumtor was the largest of Centerra’s gold mines, contributing with more than 50% of the company’s total output.
The operation is also crucial to Kyrgyzstan. The mine accounts for a fifth of the ex-Soviet country’s total industrial output and has produced more than 13.2 million ounces of gold between 1997 and the end of 2020. Last year’s output was slightly over 556,000 ounces.
Former President interrogated
The country is also in the midst of an investigation into alleged bribes paid by Centerra Gold to top Kyrgyz officials to obtain permits for Kumtor.
Local media reported on Wednesday that ousted first president of independent Kyrgyzstan, Askar Akaev, was brought to capital city Bishkek for the second time since August for questioning in connection with the probe into possible corruption around the mine.
The country’s Committee for National Security (UKMK) believes that Centerra paid bribes to top Kyrgyz officials, including Akaev, and two other former presidents.
The company denies the accusations and has branded the expropriation of Kumtor “wrongful and illegal.”
It has also expressed concerns about the lack of transparency of the operations at the mine since the government took control of it.
Centerra says Kumtor has underperformed the 2021 mine plan for June through September by 24%. That means the operation’s current management poured about KGS 6.2 billion ($73.5 million) less gold, based on the average gold price for the period.
At a parliamentary session on Monday, Kyrgyz Finance Minister Almaz Baketaev was unable to answer a lawmaker’s question on the amount of gold produced at Kumtor while under government control, as well as to where and for what price that gold has been sold, Radio Free Europe reported.
Local media also reported on Wednesday that, based on data provided by the country’s Ministry of Finance, revenues from the mine have decreased by KGS 2,620 billion (almost $31m), or by 27.2% so far this year, compared to 2020.
Kyrgyz Prime Minister Akylbek Japarov told reporters that he has visited the mine every month since May and that “everything is going according to plan.”
(With files from Reuters)
...


64x64

COVID-19: 285 new cases reported www.montsame.mn

The Ministry of Health reported today, December 16 that 285 СOVID-19 infections and two deaths were recorded in the last 24 hours. In detail, 194 cases were reported in Ulaanbaatar city, with 86 cases in 21 provinces and 5 imported cases.
Today, the cumulative infection tally in Mongolia has increased to 387,446, with the death toll to 1,968. Currently, 2,770 people are receiving hospital treatment for COVID-19 whilst 4,601 people with mild symptoms are being treated at home.
The coverage of 1st dose has reached 69.6 percent (2,264,125), 2nd dose – 66.4 percent (2,159,483) and 3rd dose or a booster shot of COVID-19 vaccines – 26.0 percent (833,158) of the total population.
...


64x64

Work underway to import goods and products from Erlian border checkpoint www.montsame.mn

On December 14, B. Munkhjin, Deputy Minister for Foreign Affairs, reported that the operation to import goods and products from Erlian border checkpoint of China is being caried out in phases.
From December 10, 150 vehicles that had been stuck at the Erlian checkpoint for 60 days have begun to be moved to the middle zone at the borders between the two countries. Although more than 50 vehicles crossed the border last Saturday and Sunday, the movement stopped on Sunday. The Erlian side started to conduct assessment on how to improve the condition of isolation facilities for drivers entering the middle zone, what works should be done in the parking space.
“The assessment is the part of the process for import of goods and products from Erlian border checkpoint and it does not mean that the Erlian border checkpoint has closed again. Once the assessment is completed, the import operation will continue,” highlighted B.Munkhjin.
...


64x64

Covid: Omicron spreading at unprecedented rate, WHO says www.bbc.com

The new coronavirus variant Omicron is spreading across the globe at an unprecedented rate, the World Health Organization (WHO) has warned
Cases of the heavily mutated variant have been confirmed in 77 countries.
But at a press conference, WHO chief Tedros Adhanom Ghebreyesus said it was probably in many others that had yet to detect it.
Dr Tedros said he was concerned that not enough was being done to tackle the variant.
"Surely, we have learned by now that we underestimate this virus at our peril. Even if Omicron does cause less severe disease, the sheer number of cases could once again overwhelm unprepared health systems," he said.
The Omicron variant was first identified in South Africa in November, and the country has since seen a surge in infections. President Cyril Ramaphosa has tested positive for Covid-19, and is currently isolating with mild symptoms.
A number of countries have introduced travel bans affecting South Africa and its neighbours following the emergence of Omicron, but this has failed to stop it from spreading around the world.
In other developments
More than 800,000 Americans have now died from the coronavirus - the highest recorded national death toll from the global pandemic
UK Prime Minister Boris Johnson won backing for Covid passes in England, despite the biggest revolt by members of his party since he became PM
The UK government also announced on Tuesday that all 11 countries on its travel red list would be taken off, with Health Secretary Sajid Javid saying the Omicron variant had spread so widely the rules no longer had much purpose.
Italy has extended a state of emergency until 31 March 2022, citing concerns over Omicron. The measures, which were due to expire at the end of December, give the government more power to limit travel and public gatherings
The Netherlands says it will close primary schools a week before the Christmas holidays are due to start, in a pre-emptive bid to tackle infections
Norway has announced a ban on serving alcohol in bars and restaurants, among other measures
In the press conference on Tuesday, Dr Tedros reiterated concerns about vaccine inequity, as some countries accelerate rollouts of a booster shot in response to Omicron.
Recent studies of the Pfizer/BioNTech vaccine showed it produced far fewer neutralising antibodies against Omicron than against the original strain, but that this deficit could be reversed by a third, booster, jab.
Media caption,
What we know about Omicron and its impact on Africa
Dr Tedros said boosters "could play an important role" in curbing the spread of Covid-19, but that it was "a question of prioritisation".
"The order matters. Giving boosters to groups at low risk of severe disease or death simply endangers the lives of those at high risk who are still waiting for their primary doses because of supply constraints," he said.
Supplies to the global vaccine-sharing programme Covax have increased in recent months.
However, world health officials fear a shortfall of tens of millions of doses - like the one which occurred in the middle of this year when India suspended its vaccine exports - could happen again.
In poorer countries, some vulnerable people are yet to receive a single dose.
...


64x64

Mongolia confirmed 335 new daily cases of coronavirus www.akipress.com

Mongolia confirmed 335 new daily cases of coronavirus infection bringing the total number of cases to 387 141 as of Dec 15.
191 new cases were confirmed in Ulaanbaatar, 138 were confirmed in the regions of the country, and 6 were imported.
1 person died from coronavirus in a day.
Death toll from COVID-19 in Mongolia has increased to 1,966.
...


64x64

Rio Tinto Mongolian hardball ends up looking soft www.reuters.com

LONDON, Dec 13 (Reuters Breakingviews) - Jakob Stausholm’s hardball tactics have taken a softer turn. Rio Tinto’s (RIO.AX), (RIO.L) chief executive has offered to write off $2.3 billion of debt owed by the Mongolian state in exchange for making progress on the country’s $10 billion Oyu Tolgoi copper mine. The concession should let the $105 billion Anglo-Australian group keep hold of a bigger prize.
The reward is potentially very large. Once its key second phase starts production, probably in 2023, Oyu Tolgoi will be on track to become the world’s fourth-biggest copper mine at a time when the red metal’s price has soared. Yet the project is around two years late. Its rickety governance is partly to blame.
Rio is the majority shareholder in Turquoise Hill Resources (TRQ.TO), which holds 66% of Oyu Tolgoi, with the Government of Mongolia holding the remaining 34%. The problem is that the cash-strapped nation borrowed the cost of its initial stake from Turquoise Hill’s forerunner and agreed that any dividends from the project would first repay the loan. With interest accruing annually at Libor plus 6.5% the balance has reached $2.3 billion. Mongolia correctly feared it could be decades before it pocketed any dividends from the project.
Stausholm initially offered to cut the interest rate. Yet ultimately Mongolian Prime Minister Oyun-Erdene Luvsannamsrai had a stronger hand. In extremis the country could have thrown Rio off the project, putting Turquoise Hill’s $7 billion investment at risk. Hence the write-off.
The decision means Rio gives up potentially billions of dollars of future interest that Mongolia would have owed. However, it had no prospect of collecting the debt without the project going ahead. It’s also not a bad moment for Stausholm to take a hit. Rio Tinto has a $50 billion balance sheet, minimal net debt, and made a return on capital employed of 50% in the first half of 2021.
Meanwhile, Oyu Tolgoi ought to generate lots of cash. On average it could produce 350,000 tonnes of copper for 30 years, which at a 70% EBITDA margin and the current market price of $9,000 a tonne implies over $2 billion in annual EBITDA. A softball approach looks more profitable for everyone involved.
CONTEXT NEWS
- Anglo-Australian mining giant Rio Tinto has agreed to write off Mongolia’s outstanding $2.3 billion debt for its share in the Oyu Tolgoi copper-gold project, Prime Minister Oyun-Erdene Luvsannamsrai said on Dec. 13.
- Oyun-Erdene said his office had received a letter from Rio Tinto agreeing to write off the debt, conduct an independent audit into the financing of the project’s underground expansion and improve governance.
- “We have proposed that the benefits of Oyu Tolgoi be in the interests of the Mongolian people,” Oyun-Erdene told a briefing.
- A Rio Tinto spokesman said the offer made to Mongolia “aims to reset the relationship and allow all parties to move forward together”, without providing details.
- Rio shares were up 1.6% at 48.28 pounds at 0820 GMT on Dec. 13.
...


64x64

Forward from Mongolia commits to Dayton Flyers www.daytondailynews.com

The Dayton Flyers received a commitment from Enkhiin-Od Michael Sharavjamts, a native of Mongolia who plays for the International Sports Academy in Willoughby, Ohio, on Tuesday night.
A 6-foot-8 forward, Sharavjamts is the first member of the 2022 recruiting class to commit to Dayton. The Flyers would not have a scholarship open if every member of the 2021-22 team returned, though that’s unlikely in the age of the transfer portal.
The commitment of Sharavjamts continues a trend of foreign-born players picking the Flyers. The current roster has five international players: Mustapha Amzil (Finland); Toumani Camara (Belgium); Kobe Elvis (Canada); Moulaye Sissoko (Mali); and Richard Amaefule (England). That’s the most the program has ever had at one time.
Sharavjamts sat behind the bench when Dayton played Cedarville University in an exhibition game at UD Arena on Nov. 1.
Sharavjamts’ Instagram handle is “@MongolianMike.” He came to the United States in 2018 and played for Legacy Christian in Xenia in the 2018-19 season before transferring to Prolific Prep (Calif.), where he played the last two seasons. He joined ISA in August.
While at Legacy Christian, he helped lead the team to a league championship. He averaged 10.5 points in 19 games.
”It was a good year last year and learning about American basketball,” he told the Dayton Daily News in January 2020 while playing for Prolific Prep in the Flyin’ to the Hoop. “And this year I know about American basketball, and I’m trying my best.”
At that time, Sharavjamts had only one offer: from Eastern Washington.
Dayton first contacted Sharavjamts in June 2020, and he announced Sept. 29, 2021, he received a scholarship offer from Dayton. He received offers from Rutgers in July and from Providence in October.
Sharavjamts played in the summer, along with Centerville’s Gabe Cupps and Rich Rolf, for Midwest Basketball Club. He also played with Centerville for a time last summer.
His dad, Sharavjamts Tserenjanhor, a 7-foot center nicknamed the Mongolian Shark, played for the Harlem Globetrotters after being discovered by then LSU coach Dale Brown at a basketball clinic in Mongolia. Sharavjamts Tserenjanhor played at UD Arena in December 2001 with the Globetrotters.
In an interview with CityofBasketballLove.com last summer, the younger Sharavjamts said basketball is gaining in popularity in Mongolia.
“It’s a big sport in Mongolia,” he said. “Actually, 3-on-3, that’s the big sport.”
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook