1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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

Mongolia reports 1,433 new COVID-19 cases www.xinhuanet.com

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.
...


64x64

‘New Northern’ targets: South Korea sets sights on Russia, Mongolia and Kazakhstan after record rise in food exports www.foodnavigator-asia.com

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.
...


64x64

Oyu Tolgoi review raises doubts over Rio Tinto stance on cost overruns www.reuters.com

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.
...


64x64

China-Mongolia border port sees cargo volume rise www.english.scio.gov.cn

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.
...


64x64

Mongolia logs 957 new COVID-19 cases www.xinhuanet.com

Aug. 10 (Xinhua) -- Mongolia reported 957 new locally transmitted COVID-19 infections in the last 24 hours, bringing the total number of confirmed cases in the Asian country to 175,560, the country's health ministry said Tuesday.
A total of 5,605 samples were tested across the country in the past day, the ministry said in a statement.
Meanwhile, the death toll climbed to 887 after three more patients died from the disease in the past day, the ministry added.
The country reported its first imported COVID-19 case in March 2020 and confirmed its first locally transmitted case in November last year. The viral disease has spread to all 21 provinces of the country.
...


64x64

Mongolia launches EPC tender for 10 MW solar park www.pv-magazine.com

The PV project is part of a program aimed at deploying 40.5 MW of solar and wind capacity in the country’s western and Altai-Uliastai regions.
Mongolia's Ministry of Energy has issued a tender to seek engineering, procurement, and construction (EPC) contractors for the construction of a 10 MW solar park.
The Moron Solar PV project is planned for the homonymous municipality, in the Khövsgöl Aimag region in northern Mongolia, and is part of the Upscaling Renewable Energy Sector Project, which is being co-managed by the Government of Mongolia and the Asian Development Bank (ADB). The goal is to deploy 40.5 MW of solar and wind capacity in the country’s western and Altai-Uliastai regions.
The US$66.2 million initiative also includes another 10 MW worth of solar plants in Altai City, a 500 kW solar-wind hybrid project with storage in Altai County, a 10 MW wind project in Umunogovi, and a 5 MW wind farm in Telmen. Interested EPC companies have until October 20, 2021, to submit their proposals.
Popular content
Overall, Mongolia had an installed PV capacity of around 100 MW at the end of August, Myagmardorj Enhkmend, the Secretary General of the Mongolian Renewables Industries Association, told pv magazine. However, most of this capacity – around 90 MW – was installed between 2016 and 2018, as a result of auctions held in previous years. “The government is still not announcing any auction for new renewable projects and it's becoming a big challenge to increase the capacity of renewable energy in the country,” he said.
The nation’s total theoretical power generation capacity, according to the ADB, is 1,158 MW. Of that power fleet, however, only 969 MW appears to be online due to aging, coal-based conventional power plants. The country imports a large portion of its power from neighboring countries.
...


64x64

Mongolia steps up gold purchases as gold price drop 9% year-to-date www.kitco.com

Mongolia has increased its official gold purchases this year, buying a total of 11 metric tons so far, according to local media reports citing the country's central bank.
The average gold price was at around $58 per gram, the central bank said. This total is as of July.
The central bank added that buying gold helps Mongolia with economic stability.
Mongolia's buying comes at a time when gold prices are still coming off their August 2020 record highs. Year-to-date gold is down more than 9%.
The most recent selloff in gold, which began on Friday, was triggered by a stronger-than-expected U.S. employment report. The July gain of 943,000 positions pushed the U.S. dollar and the U.S. Treasury yields higher on speculation that the Federal Reserve could announce its tapering plans reasonably soon. This created a bearish environment for gold.
At the time of writing, December Comex gold futures were trading at $1,727.70, down 2.01% on the day, after dropping below $1,680 an ounce earlier in the session.
Central banks around the world have been stepping up their gold purchases this year, taking advantage of lower prices following stellar 2020 gains.
For example, the Brazilian central bank increased its precious metals holdings by more than 52% in June after buying an additional 41.8 metric tons.
Thailand also purchased 90.2 tons in April and May. Kazakhstan made headlines earlier this year after it bought 9.9 tons.
Serbia's central bank said this year that: "Long term, gold is the most significant guardian and guarantor of protection against inflationary and other forms of financial risks." The country is planning to boost holdings of the precious metal to 50 tons from 36.3 tons.
In a June report, the World Gold Council said that 21% of central banks expect to increase their gold reserves within the next year.
By Anna Golubova
For Kitco News
...


64x64

G.Yondon: The independent investigation report was reviewed www.montsame.mn

An independent investigation team concluded that the cost overrun and schedule delay in the underground expansion of Oyu Tolgoi project were not due to geotechnical conditions.
On August 9, the conclusion was presented in a report to the working group in charge of negotiating with Rio Tinto regarding Oyu Tolgoi.
About the report, Minister of Mining and Heavy Industry G.Yondon said, “Rio Tinto informed the government of Mongolia of the cost overrun and delay in the underground expansion in July 2019. To be specific, it said that, due to unexpected geotechnical and ground conditions, the project could experience a delay of up to 30 months and a cost overrun of USD 1.2-1.9 billion. However, independent experts concluded that the delay and cost overrun are not directly related to geotechnical issues,”
“We established an agreement with an expert group with 20-40 years of experience this March. The group’s report was reviewed and verified by experienced individuals who worked as project managers for Rio Tinto.”
...


64x64

Samsung's jailed leader Lee Jae-yong to be released on parole www.cnn.com

Seoul (CNN Business)Samsung's vice chairman — and de facto leader — Lee Jae-yong is to be released on parole this week, South Korea's Justice Ministry said on Monday.
Lee, also known as Jay Y. Lee, was sentenced to two and a half years behind bars in January after the Seoul High Court found him guilty of embezzlement and bribery. He will now be released on August 13, the country's justice minister announced in a televised briefing.
Minister Park Beom-kye said that Lee is among 810 other prisoners who have been granted parole on the occasion of the country's Liberation Day, which marks the liberation of Korea from Japanese imperial rule in 1945. Last year, more than 600 prisoners were released on Liberation Day.
"In consideration of the overcrowded condition of correctional facilities which are vulnerable to infectious diseases and to help overcome our economic condition, the number of persons granted parole has been significantly increased this year compared to last year," Park said.
Samsung declined to comment on today's briefing.
Lee may not be able to return to work. He is subject to a five-year employment ban under South Korean law, and parolees are not permitted to take overseas business trips until their term is finished. Lee can apply to the Justice Ministry for an exception, but it's unclear if he has done so.
Lee was caught up in a massive influence-peddling scandal that brought down the government of former South Korean President Park Geun-hye. Park herself is spending some two decades in prison in connection with the case.
Lee had been sentenced to five years in prison in August 2017 on bribery and embezzlement charges but he walked free after less than a year when an appeals court threw out some of the charges and suspended the sentence.
However, Lee was sent back to prison in January after being sentenced to two and a half years in a retrial. His father Lee Kun-hee, the company's chairman, died last year after being in a coma since suffering a heart attack in 2014. The younger Lee had been operating as Samsung's de facto leader.
Lee is currently undergoing a separate trial over a controversial 2015 merger that helped him tighten control over the company.
Prosecutors said the merger of Samsung C&T and Cheil Industries was undertaken in a manner that allegedly benefited Lee and allowed him to gain a tighter grip on Samsung Electronics, the crown jewel of his family's sprawling conglomerate.
...


64x64

Oil prices dip on stronger dollar & new Covid-19 curbs in China www.rt.com

Global crude prices dropped nearly 2%, hitting more than two-week lows, amid rising concerns over new pandemic-related restrictions in China and a strengthening US dollar.
Brent crude futures for October delivery fell $2.25% to $69.11 per barrel by 06:58 GMT, after having dropped 6% last week, the biggest weekly loss in four months.
Meanwhile, US crude benchmark WTI declined by 2.3%, to $66.71 per barrel, following a 7% slump last week, the steepest weekly decline in nine months.
The drop reportedly comes amid new restrictions introduced by China, one of the world’s major oil consumers, due to rising Covid-19 cases.
“Concerns about potential global oil demand erosion have resurfaced with the acceleration of the Delta variant infection rate,” RBC analyst Gordon Ramsay told Reuters.
Moreover, the latest rally in the US dollar weighed on oil prices as well, as a stronger greenback makes oil more expensive for holders of other currencies.
The dollar hit a four-month high against the euro on a stronger-than-expected US jobs report published on Friday, which revived hopes that the Federal Reserve would move to tighten US monetary policy more quickly.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook