In April this year, Erdenes Tavantolgoi JSC received a permission from the Financial Regulatory Committee to issue the dual currency ‘ETT Bond’ with a total value of up to MNT 2 trillion with a purpose to finance the implementation of major projects.

The ETT bond was intended to be offered to the public in three phases, and the first phase was successfully organized between March 30 and April 09, 2021.

In the first phase of the ‘ETT Bond’ primary market trading order, a total of MNT 677.7 billion of orders were submitted by stakeholders and fully met planned target. 970 business entities and individuals (in repeated counting) took part in the trading and placed 2,755,639 orders, which raised MNT 347.7 billion, in addition to MNT 330 billion raised under the bank refinancing agreements.

The second phase will be organized on August 16-25, with an intent to offer bonds worth MNT 285 billion and USD100 million. The issuance of this bond in US dollars prevents from the risk of depreciation and has relatively high interest rates compared to other US dollar financial products.

With the money raised in the domestic capital market, it is expected to fund the major infrastructure projects of the country, such as Tavantolgoi Thermal Power Plant, Railway, Coal Processing Plant and Water Supply Plant. Thanks to the above constructions, the company's efficiency will increase and it is expected to have a net profit of MNT 11.5 trillion until 2025.

On August 10, Deputy Prime Minister S.Amarsaikhan held a meeting with Ambassador of the Republic of India to Mongolia M.P.Singh to discuss putting the oil refinery into operation on time.

Ambassador M.P.Singh requested the Deputy PM to implement certain measures on enhancing correlation between customs and other corresponding organizations in the framework of accelerating the work to import equipment and supplies that are necessary for the construction of the oil refinery.

Mentioning that the Government of Mongolia is implementing all possible measures in phases in order to put the oil refinery into operation, Deputy PM S.Amarsaikhan noted the difficulties being faced in the refinery’s construction such as the increase in the price of construction materials as well as delays in the shipment of goods due to the pandemic situation. Despite this, the government will pay special attention to the matter put forth by the Ambassador in order to complete the construction on time.

They also exchanged views on jointly implementing a project on the construction of a crude oil pipeline at the oil refinery.

On August 10, authorities of the State Housing Corporation held a meeting with representatives of Doosan Engineering and Construction LLC of the Republic of Korea. At the meeting, the representatives of Doosan Engineering and Construction LLC expressed their interest to invest in new projects.

State Housing Corporation is implementing ‘Eco Yarmag-1,’ ‘Solongo 1, 2’ and ‘Zaluus-1’ construction projects. On August 6, the representatives of the company were provided the detailed information on the projects. Moreover, the sides exchanged views on further cooperation and investment conditions.

Authorities of the State Housing Corporation proposed the company to invest in a housing project to be implemented in the territory of the 12th khoroo of Bayanzurkh district, and the sides decided to exchange relevant information and make related calculations.

At its regular meeting today on August 11, the Cabinet made the decision to establish an administration in charge of construction projects at Khushig Valley, reports Minister of Construction and Urban Development B.Munkhbaatar.

In May 2020, the Parliament approved the Cabinet’s draft resolution for establishing the cities of ‘New Zuunmod’ and ‘Maidar’ in Khushig valley. In the framework of developing the comprehensive plans for developing the valley area, a preliminary study has found that there is enough water resources to supply 150 thousand residents. Alongside supporting the growth of transport and logistics businesses based at the new international airport in Khushig Valley as well as the Bogdkhan Railway Bypass Line that is soon to be constructed, plans have been developed with the aim of creating new job opportunities for the sectors of culture, tourism, and light industry.

According to a preliminary study of water resources, there is a living space for 150 thousand people.

The plans include construction works for infrastructure, such as three wastewater treatment facilities with a daily capacity of 20 thousand cubic meters, five reservoirs, auto road network, electricity, and a thermal power station. Following its completion, more construction works are planned for establishing residential, commercial, and industrial areas.

In connection with the new international airport being put into operation in Khushig Valley, the government has launched the works to construct the Bogdkhan Railway Bypass Line.

150 distinguished guests, presenters and participants from 16 countries are participating at Mine Closure 2021.

Attendees will enjoy 35 technical presentations, discussing best practice and new techniques in the field of mine closure.

Thank you to Mine Closure 2021 sponsors and exhibitors.

Exhibitors include ATC Williams, Bloomlink, CGG, Product Profile LLC, QMC and SLR.

Sponsors include ATC Williams and Steppe Gold.

Premium Sponsor is Rio Tinto.

Mongolia already has encountered and will continue to experience significant warming and drying as a result of the climate crisis (certain). Temperatures are rising faster than the global average (certain). This is already being felt by communities across Mongolia, challenging traditional pastoralist–herder lifestyles and catalyzing a strong rural-urban migration trend. The higher temperatures are likely to increase the frequency and severity of heatwaves and droughts, especially in the south and south-west. Seasons will become more pronounced (highly likely) and the peculiar and uniquely Mongolian phenomenon of the Dzud, which creates drought-like summer conditions followed by extremely cold, harsh winters, will become more frequent and fiercer (highly likely). Extreme rainfall will become more intense and more frequent, with more rain falling during very wet days, and this may translate into increased intense rainfall-linked extreme events such as landslides, flash floods and land erosion (highly likely). The impacts that these changes will have on livelihoods and health, without substantial global action and national adaptation, are significant.

Climate change has the potential to trigger wide-ranging and strong negative feedback loops between livelihoods and health. The impacts of rising temperatures, changes in rainfall, more winter snowfall and mounting pressures on water resources all negatively affect the traditionally important agricultural sector and especially livestock herding.

The Dzud, in particular, can cause catastrophic loss of livestock in the harsh winters, which hugely affects rural incomes and has ramifications throughout markets creating price spikes and supply gaps. The increased frequency and intensity of natural hazardrelated disasters like the Dzud, intense rainfall, heavy snowfall, dust storms and floods resulted in a doubling of the damage to livelihoods over a 20-year period (UNDP 2019). Pasture degradation has been increasing in recent years across the country following worsening droughts, higher temperatures and the drying up of water sources. With the majority of the population overwhelmingly dependent on their livestock, climate shocks have led to declining incomes due to a decrease in the weight of the animals as well as in the yields of wool and cashmere.

Climate change will impact human health directly through more extreme weather events such as the Dzud, which has been linked to reduced growth in children. It also increases the incidence of respiratory illnesses as people remain indoors burning coal – a necessary measure to ward off the extreme cold, but one that intensifies their exposure to indoor air pollution. Climate change will also indirectly impact people’s health through environmentally mediated changes, notably, the growing risk of zoonotic or tick-borne diseases. The proximity of pastoralist-herders to their livestock as they range across pasturelands, hosting natural reservoirs of serious diseases (such as Plague), highlights the importance of One Health approaches. Whilst undernutrition is not a major issue, micronutrient deficiencies are high across the whole population and especially in children. As climate change continues to catalyze rural-urban migration, urban populations increasingly consume abundant highly processed, low quality, cheap food contributing to the high burden of noncommunicable diseases (NCDs). A number of gaps were found related to the impacts of climate change on mental health, sexual and reproductive health and rights, and on water quality and supplies and how this relates to the health of pastoralist herders.

Aug. 11 (Xinhua) -- Mongolia's COVID-19 tally rose to 176,993 on Wednesday, with 1,433 new local infections registered during the past 24 hours, according to the country's health ministry.

The death toll rose to 890 as three more deaths were recorded in the last 24 hours, said the ministry.

Over 7,560 samples were tested nationwide in the past day, and the country has conducted more than 3.5 million COVID-19 tests so far, the ministry said in a statement.

The Asian country with a population of around 3.3 million reported its first imported COVID-19 case in March 2020 and confirmed its first locally transmitted case in November last year.

The disease has spread to all of its 21 provinces.

South Korea has expanded its key food export target destinations to include ‘New Northern’ countries such as Russia, Mongolia and Kazakhstan after seeing record-setting sales of both fresh and processed food exports take off in the region.

Aug 9 (Reuters) - Turquoise Hill Resources (TRQ.TO) said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project's troubles were not caused by the geology issues that mine operator Rio Tinto blamed in 2019.

The review "raises certain questions in relation to the project management process" around the cost blowout and delay, Turquoise Hill said.

"Rio Tinto will engage with the OT (Oyu Tolgoi) Board as soon as we have had the opportunity to review the report in detail," Australia's Rio Tinto (RIO.AX), (RIO.L) said in an emailed statement.

Rio owns 51% of Turquoise Hill, which owns 66% of the Oyu Tolgoi mine. The rest of the mine is owned by the government of Mongolia.

Costs to expand the Oyu Tolgoi mine, Rio's biggest copper growth project, have ballooned up to $6.75 billion from its original budget of $5.3 billion in 2016, raising friction over funding with Turquoise Hill.

The Wall Street Journal was first to report the news.

The border port of Erenhot in north China's Inner Mongolia Autonomous Region has seen its import and export cargo volumes exceed 10 million tonnes for five consecutive years, according to China Railway Hohhot Bureau Group Co. Ltd.

As of Wednesday, the cargo volumes this year had reached 10.02 million tonnes, up 2.8 percent year on year, while 1,497 China-Europe freight trains had passed through the port since the beginning of the year, an increase of 20.5 percent year on year.

The Erenhot Port is the largest land port on the China-Mongolia border, serving 51 China-Europe freight train routes.

Launched in 2011, the China-Europe freight train service is considered a significant part of the Belt and Road Initiative (BRI) aimed at boosting trade between China and BRI countries. The service has remained a reliable transportation channel amid the coronavirus outbreak.