Mongolia, India to Cooperate on Cybersecurity www.montsame.mn

 Mongolia and India held the 14th Joint Working Group meeting in Ulaanbaatar on October 16, 2026.

During the meeting, the two sides exchanged information on their regional security policies and defense activities, reviewed the current state of bilateral cooperation, identified future areas of cooperation, and reached agreements on several issues.

The sides agreed to explore opportunities to expand military cooperation, particularly in military medicine, and collaborate on strengthening cybersecurity capabilities and enhancing defense preparedness in Mongolia’s defense sector.

Both sides agreed that the consultations had helped strengthen military trust and mutual understanding, enhance the effectiveness of bilateral cooperation, and achieve concrete outcomes.

Unified Meal Production System Planned for Schools and Kindergartens www.montsame.mn

 Enkh-Amgalan Luvsantseren, Minister of Education, met with Jo Haeng-Lan, KOICA Country Director for Mongolia, to discuss the implementation of a school meal production project.

The meeting covered progress on a project funded by a USD 8 million grant from the Korea International Cooperation Agency (KOICA) to renovate 10 general education schools and provide equipment for the National Center for Child Food Production and Nutrition Training at the Mongolian University of Science and Technology (MUST), as well as prospects for further cooperation.

Mongolia aims to establish a comprehensive meal production system for schools and kindergartens. Minister Enkh-Amgalan emphasized the need for three different models tailored to the specific conditions of soums, aimags, districts, and the capital city. He also highlighted the support center at MUST as an important and effective initiative, proposing that professional experts be engaged through the center in the future.

Mongolia has joined the global “School Meals Coalition” and reaffirmed its commitment to international cooperation to improve students’ meals and nutrition at a recent UNESCO meeting.

Under the KOICA-funded project, renovation work was completed at three schools and the MUST training center in 2025, while work at four schools is ongoing in 2026.

During the meeting, the sides reviewed the project’s progress in detail and agreed to resolve outstanding coordination issues, accelerate implementation, and ensure the project delivers results effectively and on schedule.

Production Gains Change The Bull Case For Mongolian Mining Stock (SEHK:975)? www.simplywall.st

Mongolian Mining Corporation reported unaudited operational figures for the quarter ended 30 September 2026. The company mined 4,791.2 kt of ROM coal, processed 4,253.2 kt of ROM coking coal, and produced 2,503.1 kt of washed coking coal, compared with the same quarter in 2025.
The production mix shows Mongolian Mining converting a large share of mined ROM coal into washed coking coal. This highlights how processing capacity and asset utilisation are shaping the underlying economics of the business.
The focus now is on how Mongolian Mining's investment narrative is affected by the higher washed coking coal output reported for the latest quarter.
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What Is Mongolian Mining's Investment Narrative?
The crux of the Mongolian Mining story is simple. You either buy into a volume driven coking coal producer that can run its mines and wash plants hard, or you do not. The latest quarter fits that picture. Run of mine volumes, processing and washed output all sit above the same period in 2025, which keeps the near term focus on whether that throughput converts into cash, keeps unit costs in check and justifies the capital tied up in equipment, logistics and supporting infrastructure.

In the short term, the key levers remain fairly clear for Mongolian Mining: consistent plant utilisation, pricing for coking coal into China, and access to funding that is largely from higher risk borrowing rather than deposits. Earnings have grown 25.1% per year over the past 5 years and the stock trades on a P/E of 8.8x, yet the share price is down sharply over the past year. That suggests the market is already weighing additional risks or uncertainties.

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A great starting point for your Mongolian Mining research is our analysis highlighting 2 key rewards that could impact your investment decision.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Mongolia becomes new donor to World Bank's fund for poorest countries www.reuters.com

The World Bank Group said on Saturday (Oct 17) that Mongolia has become a new donor to the International Development Association fund for the poorest countries, after previously spending nearly three decades as a recipient of IDA funding.

The development lender said that Mongolia's parliament approved a 4.8 billion tugrik (S$1.71 million) contribution to the latest IDA funding round, marking a milestone in the country's development journey.

Since becoming a World Bank member country in 1991, Mongolia has received more than US$1.62 billion (S$2.08 billion) in development financing, including IDA support for transport, rural development, health and education. Mongolia graduated from IDA support in July 2020, becoming a client of the World Bank's main lending arm for middle-income countries, the International Bank for Reconstruction and Development.

"Mongolia's contribution to IDA21 marks an important milestone in our longstanding partnership with the World Bank and reflects our commitment to international solidarity," Mongolian Finance Minister Mendsaikhan Zagdjav said in a statement released by the World Bank.

"Having benefited firsthand from IDA's support, we recognise the vital role of concessional financing in helping countries reduce poverty, build resilience, and expand opportunities. As we continue to advance Mongolia's own development priorities, we are proud to support other countries in pursuing theirs."

Inside Mongolia’s First Solar-Powered Industrial Plant www.montsame.mn

Prime Minister of Mongolia Uchral Nyam-Osor visited the "Khovd Eco Cement" plant during his working trip to Khovd aimag.

The plant, which was put into operation in 2022, employs more than 350 people. In addition, by purchasing necessary goods and services from local herders, farmers, and SMEs, it has indirectly created 3,000 jobs.

Furthermore, it produces 400,000 tonnes of cement annually, meeting the needs of the five western aimags and supplying its products to Bayankhongor, Uvurkhangai, and Ulaanbaatar. Starting this year, the plant began exporting cement to the Russian Federation. Plant representatives briefed the Prime Minister on their plan to export 100,000 tonnes annually and requested support in exporting cement to the Eurasian market.

"Khovd Eco Cement" has become Mongolia's first plant powered by renewable energy. It has established an 8 MW solar power station and installed solar panels with the goal of meeting 50–60 percent of its annual energy consumption through renewable energy.

This provides the advantage of reducing the energy load in the western region. The plant will also soon be equipped with a battery energy storage system. As a result, the plant's energy costs will decrease, and building material production will expand. Plant management noted that relevant government agencies need to resolve the issue of integrating their surplus energy into the central grid.

The Prime Minister expressed his full support for wealth creators and directed relevant officials to promptly resolve the challenges facing the plant in accordance with regulations.

Amendments Made to the Law on Tobacco Control After 13 Years www.montsame.mn

The draft law on amending the Law on Tobacco Control was approved on October 16, 2026.

Law initiator and Member of Parliament  Nominchimeg Odsuren stated: "This law was a prime example of how laws can be discussed from multiple perspectives with fierce debate in the democratic parliament of Mongolia, which has 126 members. The State Great Khural makes decisions as a team. With this decision, I am glad that we made progress on the Law on Tobacco Control, which could not be updated for 13 years, and took a step forward to protect the health of our future generations. I express my gratitude to the Members of Parliament who united in vision, stood together, worked as a team, and participated in today's final voting. The law will enter into force on January 1, 2027. We will focus on its implementation to ensure that this law yields results, is effectively implemented, and fulfills our goal of reducing smoking by 13% in 2030–2031."

Meanwhile, Member of Parliament Ariunzaya Ayush noted: "Since cigarettes and electronic cigarettes (vapes) are equally harmful, they will be taxed equally and subject to the same regulations. Furthermore, fruit flavors, mint, and aromas are prohibited for both. Starting January 1, 2027, any flavored, aromatic, visually appealing, or fruit-flavored tobacco product will be prohibited for use in Mongolia. However, I want to emphasize that snuff, or traditional tobacco, is not affected in any way, and there are no restrictions or barriers against it."

This law is of great importance in reducing tobacco consumption, protecting public health, preventing diseases and deaths caused by tobacco use, and creating a healthy and safe environment.

The law includes the following key amendments:

Improving the regulation of electronic cigarettes, heated tobacco products, and new nicotine-containing products;
Imposing restrictions on flavors, aromas, and other features that encourage tobacco use among youth;
Gradually increasing excise taxes on all types of tobacco products;
Strengthening oversight and accountability;
Incorporating provisions aimed at increasing the accessibility of healthcare services for quitting tobacco addiction and intensifying preventive activities.

The Ministry of Health will focus on ensuring the implementation of the law, strengthening cross-sectoral cooperation, improving citizens' health education, and expanding information, training, and awareness campaigns for tobacco prevention.

'Sky Shuttle' Electric Public Transit System to Be Introduced in Ulaanbaatar www.montsame.mn

 A Memorandum of Understanding has been signed with "BYD Company Limited" to introduce the "Sky Shuttle" electric transit system to Ulaanbaatar’s public transportation network. Under the preliminary agreement, the project's feasibility study will be finalized by December, with construction work set to begin in March 2027.

Purevdagva Byaruuzana, Governor of the Capital City and Mayor of Ulaanbaatar, stated, "We are firmly committed to initiating BYD Group's 'Sky Shuttle' project as a top priority in 2027. Pursuant to the Governor's decree, a working group covering three main operational directions with BYD Group has been established, led by my senior advisor, Batbayasgalan J. The engineering and design work will be completed by December 5 this year. We aim to start construction in March 2027 and conduct trial operations of the battery-powered public transit system by November of the same year. The project will be implemented either through a competitive selection process or via a public-private partnership (PPP) model."

The "Sky Shuttle," a novel public transit solution, operates on electric batteries along dedicated elevated tracks.

Officials highlighted that this system will enable reliable public transit operations unimpeded by road traffic congestion. "BYD Company Limited" is a global leader in electric vehicles, battery technology, and renewable energy, having sold over 17 million electric vehicles worldwide.

In June 2026, BYD initiated a project to construct 20,000 ultra-fast charging stations capable of fully charging electric vehicles in nine minutes across China, with 7,000 stations completed to date. The "Sky Shuttle" system, powered by BYD's proprietary Blade Battery technology, is currently operational across 10 cities in China as well as in São Paulo, Brazil.

Construction Begins in Mongolia-China Heads of State Sports Complex www.montsame.mn

Construction of the "Mongolia-China Heads of State Sports Complex" has officially commenced.

The complex will be constructed on Hunnu Street in the 36th khoroo of Bayanzurkh district, Ulaanbaatar. The groundbreaking ceremony was attended by President Khurelsukh Ukhnaa and Cao Li, Chargé d'Affaires ad interim of the Embassy of the People's Republic of China (PRC) in Mongolia, alongside other official representatives.

The President expressed gratification over the project's implementation within the framework of the Agreements on Economic and Technical Cooperation established between the governments of the two countries in 2018 and 2019, highlighting it as a tangible symbol of friendly relations, cooperation, mutual trust, and friendship between the peoples of both nations.

He emphasized that the complex holds significant importance in promoting sports development, fostering the talents of youth, and expanding opportunities for citizens of all ages to engage in physical culture and sports for a healthy, active lifestyle. The President further noted that the complex represents a major investment in the future of sports, serving as a venue for universal physical education, a launching pad for youth dreams, a training base for athletes to advance their achievements, and a space supporting healthy living.

On behalf of the people of Mongolia, President Khurelsukh expressed gratitude to President Xi Jinping, as well as the Government and people of the PRC, for supporting and implementing the project.

Cao Li highlighted that the project, funded by RMB 779 million in grant aid from China, has received special attention from the heads of state of both countries and will deliver significant benefits to the Mongolian public. He also expressed confidence that completing and handing over the complex on schedule will mark a major event demonstrating the traditional friendly relations between China and Mongolia.

The sports complex will cover an area of 58,000 square meters, with a capacity to serve 10,000 people and enable approximately 6,000 youth daily to train across 19 sports disciplines. In addition, the facility will include playgrounds, sports commercial and service areas, and training halls, as well as sports diagnostics and rehabilitation rooms.

The general contractor, Shaanxi Construction Engineering Group Corporation, plans to commission the sports complex in 2030.

‘Romeo and Juliet’ Ballet to Be Staged at Central Cultural Palace www.montsame.mn

The ballet “Romeo and Juliet”, composed by Sergei Prokofiev and based on William Shakespeare’s play, will be staged at the Central Cultural Palace on November 6 and 8. The performance is a joint production by the State Academic Theatre of Opera and Ballet and the Great Khaan Theatre.

The ballet, which will be performed at the venue for the first time, is directed by Dashlkhagva D., with Bat-Erdene S. as set designer, Telmuun-Ochir Ts. as conductor and Honored Artist Batchimeg G. as ballet coach. Natsagdorj D. will dance the role of Romeo, while Maral B. will portray Juliet.

One of the world’s most celebrated stories of love, “Romeo and Juliet” tells its timeless tale through music and dance. Shakespeare’s tragic story of two young lovers whose passion transcends hatred and even death will be brought to life on the Mongolian stage through ballet.

The ballet is based on Shakespeare’s play of the same name and is regarded as one of the masterpieces of the classical ballet repertoire. Prokofiev composed the music in 1935, and the score is considered one of his most acclaimed works.

ACWA and Sun Steppe Power explore 4.5GW project in Mongolia www.asian-power.com

ACWA has signed a memorandum of cooperation with Mongolia’s Sun Steppe Power to explore renewable electricity exports from Mongolia to China, including a potential cross-border project with a targeted capacity of 4.5 gigawatts (GW).

The agreement covers the development of renewable power generation projects in Mongolia, utility-scale battery storage for solar and wind power, and the transmission and export infrastructure needed to supply China or other markets agreed by both companies.

The proposed project would be supported by a 500-megawatt-hour (MWh) battery energy storage system.

The memorandum was signed on the sidelines of the 25th WPC Energy Congress in Riyadh, Saudi Arabia, which runs through October 15 as part of Energy Week.

The signing took place in the presence of Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz and ACWA Chairman Mohammad Abunayyan.