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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Rio Tinto reaches deal for ‘full reset’ in Mongolia mine dispute www.smh.com.au

Rio Tinto chief executive Jakob Stausholm says a deal to cancel $US2.4 billion ($3.3 billion) in debt owed by the Mongolian government will settle years of disputes and delays that have plagued the mining giant’s plans to enlarge the Oyu Tolgoi copper project.
The Anglo-Australian miner and its subsidiary Turquoise Hill Resources on Tuesday announced they had formalised an agreement that would “reset” their strained relationship with the developing nation’s government by increasing the financial benefits for the people of Mongolia. The deal has enabled the $US6.9 billion expansion, one of Rio Tinto’s most important growth projects, to begin underground mining operations in coming days.
The deal marks a positive development for Rio Tinto’s efforts to expand its output of commodities that will be needed in increasingly vast quantities to build green energy technology as the world decarbonises after the Serbian government last week revoked its licences to build Europe’s biggest lithium mine.
Mr Stausholm, who was elevated to chief executive after Rio Tinto’s destruction of Aboriginal rock shelters in Western Australia forced the resignation of his predecessor, has made a top priority of forging closer ties with governments and stakeholders around the world. He has visited Mongolia twice in recent months in a bid to address deepening concerns in the country that the economic benefits of the project for Mongolians were being eroded.
Under the deal ratified by the Mongolian parliament, Rio Tinto will wipe the government’s debt owed for the nation’s share of the mine’s construction costs, plus interest, and will begin underground operations imminently with a mining method known as the “undercut”. The Oyu Tolgoi project has also agreed to buy electricity from the Mongolian grid, while Rio Tinto will help expand renewable energy generation.
“It’s been a lot of work, but we are very happy with the outcome,” Mr Stausholm told The Age and the Herald.
“I think with this agreement we have found a way where there is the right benefits for the people of Mongolia.”
Mongolia’s Oyu Tolgoi deposit is one of the world’s biggest-known copper and gold deposits. The Mongolian government holds a 34 per cent stake in Oyu Tolgoi and Rio Tinto’s majority-owned Turquoise Hill Resources owns 66 per cent.
Rio Tinto’s Oyu Tolgoi expansion is seen as one of its most important growth projects and a key plank of its ambition to diversify away from iron ore and push deeper into minerals that will be increasingly needed to build clean-energy infrastructure such as copper and lithium. But the project has been beset by a series of long delays and cost blowouts since construction began in 2019. The mine’s expansion was first anticipated to cost $US5.3 billion but is now forecast at $US6.92 billion.
The company on Tuesday said the “undercut” would begin in coming days, unlocking the most valuable part of the mine and putting Oyu Tolgoi on track to deliver first production of copper by 2023. It is expected to become the fourth-largest copper mine worldwide by 2030.
Mongolian Prime Minister Luvsannamsrain Oyun-Erdene said the commencement of underground mining operations demonstrated that Mongolia could “work together with investors in a sustainable manner and become a trusted partner”. “I am happy to express Mongolia’s readiness to work actively and mutually beneficially with global investors and partners,” he said.
Rio Tinto’s progress in growing its exposure to copper comes after its push into lithium, another of the key raw materials needed to build electric cars, faced a setback last week. The Serbian government revoked its licences to develop the $US2.4 billion Jadar lithium mine following months of large-scale public protests over the project’s potential environmental impacts.
“We are listening to our people and it is our job to protect their interests even when we think differently,” Serbian Prime Minister Ana Brnabic said last week.
The decision to revoke Rio Tinto’s licences comes with the Serbian government under significant public pressure ahead of a general election in April. Relations between Serbia and Australia have also deteriorated since the deportation of unvaccinated tennis star Novak Djokovic.
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The difference between Serbia and Mongolia - one is in Rio’s court www.smh.com.au

It’s been a ten-year-long and difficult gestation, but Rio Tinto has finally given birth to a workable agreement with the Mongolian government to progress the massive $9.7 billion copper project, Oyu Tolgoi.
Glib as this might be, Rio can only be thankful that Mongolia is not home to an unvaccinated tennis star who was denied the opportunity to play in the Australian Open.
Last week and just days after Novak Djokovic was deported from Australia the Serbian government tore up Rio Tinto’s licences for a $3.3 billion lithium project.
The tennis star’s deportation seemed to be a straw for the Serbian government which is facing an election and a tide of public opposition to the lithium project’s environmental risks. The Serbian public appeared equally outraged by the Australian government’s treatment of its national tennis treasure.
No amount of Rio diplomacy or generous concessions could save its current relationship with Serbia - despite the fact that Rio chief executive Jakob Stausholm told the Sydney Morning Herald and The Age on Tuesday that he ‘remained hopeful’.
But Stausholm has plied his diplomatic skills and Rio’s hefty balance sheet to make peace with Mongolia.
This previously toxic relationship between Rio and the Mongolian government required serious concessions to convince the Mongolian parliament of its sovereign benefit.
Rio needed to either fire the money gun or risk the stalemate lasting for years.
This was achieved by Rio waiving the $3.3 billion loan it extended to the government and agreeing to ultimately have Mongolia supply the power to the project. (For its part Mongolia will allow Rio to continue its power supply deal with the Chinese in the short term.)
Stausholm clearly took the view that the negative impact these concessions will have on the returns from Oyu Tolgoi would be of lesser concern than abandoning the crucial underground stage of the project.
It’s a project that has been riven with discord, has experienced time and cost blowouts and geological issues and has been weeping sore for successive Rio managements.
Only a year ago Rio was threatening to pull out of the important underground mining element of the project unless concessions were granted by the Mongolian government.
But on Tuesday morning Stausholm was notching up one year in the job at Rio by sitting at Ulaanbaatar airport in Mongolia on his way to the Oyu Tolgoi site to meet with the prime minister, Oyun-Erdene Luvsannamsrai, for a ribbon cutting ceremony about which he said he was ‘super excited’.
While not all the bows have been tied on this deal – the most notable of which is tax treatment – the major obstacles have been overcome.
It wasn’t a one-man deal. It certainly helped that the chief executive of Rio’s copper division, Bold Baatar, is Mongolian born.
The deal ushers in a first major win for Stausholm whose more diplomatic and collegiate style sits in stark contrast to that of his predecessor, Jean Sebastien Jacques who left the company in the wake of Rio’s destruction of the culturally significant Juukan Gorge in Western Australia.
Although Juukan is a mess made by previous Rio regimes it will test Stausholm’s negotiation and compromise skills – and there is plenty left to do.
Sorting out Mongolia will be a welcome win for Rio Tinto – which has been battered by numerous issues – the most significant of which is weak annual output from its West Australian iron ore operations.
Greater focus on the management of Indigenous heritage issues has played into production, but Rio, like other West Australian producers, have also needed to deal with a COVID-19 related skills shortage and rain.
However, both BHP and Fortescue appear to have handled the pandemic’s challenges better and with less impact on production in their December quarters.
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Lukashenko looks forward to more robust cooperation with Mongolia www.eng.belta.by

MINSK, 24 January (BelTA) – Belarusian President Aleksandr Lukashenko sent greetings to Mongolian President Ukhnaagiin Khurelsukh and the Mongolian people on the occassion of the 30th anniversary of the establishment of diplomatic relations between Belarus and Mongolia, BelTA learned from the press service of the Belarusian leader.
The head of state stated that the dialogue between the two countries has strong historical roots, imbued with warmth and respect. "Mongolia was one of the first to recognize the sovereignty and independence of Belarus. We are sincerely grateful for the support, which played an important role at the stage of formation of the young Belarusian state," the message of greetings reads.
The president welcomed the intensification of contacts with Ulaanbaatar in recent years in various fields.
"I am convinced that the successful implementation of the plans and projects, the joint search for promising areas of cooperation will significantly advance bilateral cooperation, expand its horizons and raise it to a qualitatively new level," the Belarusian leader stressed.
Aleksandr Lukashenko wished strong health and implementation of all his plans to Ukhnaagiin Khurelsukh, and peace and prosperity to the people of Mongolia.
In turn, the president of Mongolia said in his message of greetings to the Belarusian head of state that over the past 30 years the two countries have been successfully developing traditionally friendly relations in many areas such as trade, economy, agriculture and education, contributing to the prosperity of the states and well-being of the peoples.
“I am confident that our bilateral relations and cooperation will continue to expand and strengthen in order to overcome global challenges, such as ensuring sustainable development, combating pandemics, climate change and desertification, as well as to achieve the social and economic goals and objectives of our countries,” Ukhnaagiin Khurelsukh stressed.
The president of Mongolia wished Aleksandr Lukashenko and the Belarusian people good health, well-being and prosperity.
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Coal being exported through Khangi-Mandal and Gashuunsukhait border checkpoints www.montsame.mn

Between Mongolia and China, goods and products are imported and exported by road through eight border checkpoints. Up to 60 containers of import products are brought into the country through the Zamiin-Uud border checkpoint.
As for the other border checkpoints, the National Road Transport Center of Mongolia reported that:
• While iron ore and coal were only exported by dump trucks through the Khangi-Mandal border checkpoint, the commodities have begun to be transported in containers as agreed between the two sides from the start of this year. Currently, coal and iron ore are being exported by about 50 vehicles each day.
• Through the Gashuunsukhait border checkpoint, coal is also being transported in containers by about 100 vehicles per day. Furthermore, copper concentrate is being transported by an average of 32 trucks pulling double trailers. However, only about 10 vehicles are being used to transport imported products, which are mostly made up of mining tools and equipment such as those to be used by Oyu Tolgoi as well as necessary equipment and supplies for the railroad at Tavantolgoi and auto road construction projects.
The border checkpoints of Bayankhoshuu, Bichigt, Shiveekhuren, and Burgastai are not currently running operations, reported the National Road Transport Center of Mongolia.
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Protocol to be signed on completion of feasibility study for gas pipeline project www.montsame.mn

In connection with the feasibility study for the construction project on the natural gas pipeline connecting Russia and China through the territory of Mongolia being completed in December 2021, Deputy Prime Minister S.Amarsaikhan held a telephone conversation with Deputy Chairman of the Management Committee and Member of the Board of Directors of Gazprom Company Vitaly Markelov on January 21.
The sides agreed to sign a protocol to verify that the project’s feasibility study has been finalized and discuss future works in detail during a virtual meeting to be held between Deputy Prime Minister S.Amarsaikhan and Chairman of the Management Committee (CEO) of Gazprom Company Alexey Miller this week.
In its framework, a protocol on drafting blueprints and conducting research will also be signed in order to enter the next stage of planning for the project, informed the Russian side.
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Oyu Tolgoi underground mining operations commence www.montsame.mn

Within the industrial recovery policy, a part of the New Recovery Policy of the Government, Oyu Tolgoi’s underground mining operations have commenced today.
At Oyu Tolgoi mine, the Prime Minister of Mongolia L.Oyun-Erdene and CEO of Rio Tinto Jakob Stausholm together have pressed a button to commence a blasting process, which starts Oyu Tolgoi's underground mine production.
In his speech, Prime Minister L. Oyun-Erdene emphasized, “The commencement of the Oyu Tolgoi underground mine production is a sincere desire of the Mongolian people giving investors the trust again.”
“The commencement of Oyu Tolgoi underground mining operations demonstrates to the world that Mongolia can work together with investors in a sustainable manner and become a trusted partner. As part of our ‘New Recovery Policy’, I am happy to express Mongolia's readiness to work actively and mutually beneficially with global investors and partners."
He also expressed confidence that the operations of underground mine, which commences today under the resolution No: 103 approved by the Parliament of Mongolia, will be completely operational within the agreed period of time or in the first quarter of 2023, without incurring additional debts for Mongolian side, making any delays or technical and economic errors again.
“As a result of our constructive talks and the joint efforts and support of many people here, we have determined ways to move forward issues that are important to Mongolia and reached agreement on many issues that have been controversial over the years. In addition, Oyu Tolgoi's Board of Directors unanimously agreed to commence the underground operations. Oyu Tolgoi is a model company in the world for its water-efficient and recycling operations, with a workforce whose 96 percent are Mongolians, and partners with over 600 national suppliers,” noted Mr. Jakob Stausholm.
He also emphasized that today's event demonstrates to the world that Mongolia is a country that can attract international investors and work together successfully by creating shared values.
When the underground mine becomes fully operational, Mongolia will have the world's fifth-largest high-tech underground mine and become one of major players in the international copper market. In addition, benefits to the country’s economy and state budget will at least triple.
It is preliminarily estimated that Oyu Tolgoi LLC will have sales worth about USD 5 billion, with tripled royalties to Mongolia, reaching MNT 700 billion a year.
Rio Tinto and Turquoise Hill Resources will be fully responsible for additional financing until the first half of 2023, when sustainable underground production is achieved. Over 80 percent of Oyu Tolgoi’s total value lies deep underground; thus, the company uses the block caving method of mining.
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Russian Central Bank Seeks to Ban Crypto Mining, Investment www.themoscowtimes.com

Russia’s Central Bank proposed last Thursday to ban cryptocurrency investment and mining as governments around the world crack down on the decentralized currencies, citing threats to monetary stability.
The Central Bank said “speculative demand” is driving the rapid growth of decentralized cryptocurrencies and risks creating a bubble in the market.
“Cryptocurrencies also have signs of a financial pyramid as increase in their prices is largely driven by demand demonstrated by new market participants,” it said.
In its consultation paper outlining its position, the Bank said it seeks to ban financial institutions from investing in or carrying out any operations with cryptocurrencies.
The Central Bank also seeks to ban cryptocurrency exchanges and any platforms that facilitate the circulation of cryptocurrencies.
The Bank estimates that Russian citizens’ transactions using decentralized cryptocurrencies amount to $5 billion per year.
It also proposed banning crypto mining, citing the threat to Russia’s financial stability through its “unproductive consumption” of electric power “and the implementation of Russia’s environmental agenda.”
Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan. China cracked down on bitcoin mining last year.
The Central Bank plans to draft amendments to Russian legislation to ban crypto mining and investment in the coming months, its head of financial stability told the state-run RIA Novosti news agency.
Conducting transactions with cryptocurrencies is illegal in Russia, but investing and buying crypto through exchanges is permitted under a recent change.
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China's practices in forestation under attention of Ministry www.montsame.mn

Minister of Environment and Tourism B.Bat-Erdene held a virtual meeting with Ambassador Extraordinary and Plenipotentiary of Mongolia to the People's Republic of China T. Badral.
Highlighting that Mongolian companies are expressing their interest in cooperating with China as the country makes the environment and green development sector as a priority, Ambassador T.Badral noted that with its state policy an area of one million square kilometer has been reforested in China since 1978.
As the most of the Mongolian students studying in China chose professions related to the social sciences, the sides noted the possibility of further cooperation in training qualified professionals in the field of environment and tourism, and agreed on the need of training personnel in the field of forestation and combating desertification.
Minister of Environment and Tourism B.Bat-Erdene expressed his commitment to expand cooperation in introducing successful practices of China on planting trees in the desert, sharing information and fighting against yellow dust storm with aims to reducing desertification and successfully implementing ‘One Billion Trees’ nationwide campaign.
Furthermore, they discussed establishing a memorandum on cooperation in the field of ecology and the environment between the Ministry of Environment and Tourism of Mongolia and the Ministry of Ecology and Environment of the People's Republic of China.
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Academic-research-industrial complex to be developed in Darkhan Uul www.montsame.mn

A working group led by the Minister of Education and Science worked in Darkhan-Uul aimag where branches of the Mongolian National University of Medical Sciences (MNUMS), Mongolian University of Science and Technology, and the Mongolian University of Life Sciences operate with 2,272 students and 137 teachers.
In accordance with the Cabinet’s decision to develop public universities and colleges as academic-research-industrial complexes in rural areas, a 16 ha of area will be redeveloped alongside necessary infrastructure development and an academic-research-industrial complex will be built in a 30 ha of area in Darkhan city.
The complex will be comprised of dormitory, university building, innovation center, library, innovation and technology transfer center, experiment and research center, and a health clinic.
The working group visited the site where the new university complex will be established. The number of university students is expected to increase by 5,000 and teachers and staffs by 417 with the establishment of the complex. There are plans to offer scholarships and additional pay to students and teachers in rural areas and involve them in housing programs.
Also, a university hospital will be established at the Darkhan branch of MNUMS with MNT 8.5 billion and it will provide healthcare services to 100 thousand people by 2030.
During the visit, the working group met with the authorities of the vocational training centers in the aimag, including a mining and energy polytechnic college.
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First COVID-19 case found in Beijing Olympic teams www.nhk.or.jp

Organizers of the Beijing Winter Olympics say they have found the first coronavirus case among national team members that entered China on Sunday.
The organizing committee said on Monday that the case was identified from PCR tests of 529 Olympic-related people at an airport in Beijing the previous day.
The committee did not disclose which team the athlete or official belongs to. It revealed that three people who were not members of a team also tested positive at the airport.
The committee also said that more than 38,000 tests were conducted on Sunday inside the so-called bubble separating Games-related personnel from the public. Two infections were confirmed from among those tests.
From January 4 through Sunday, 43 coronavirus cases were found at the airport and 35 inside the Olympics bubble.
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