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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Struggling to breathe: In Mongolia, long known as the Land of the Blue Sky, air pollution has reached a crisis point www.theglobeandmail.com

Mongolia is known as the Land of the Blue Sky.
But for the 1.6 million residents of its capital, Ulaanbaatar, clear skies are a rare luxury.
A toxic pall hangs over the city, particularly during the winter months. Ulaanbaatar, which sits in a valley, is among cities with the worst air quality in the world.
Residents know this – they can see the pollution in the air and taste it in their food. And they can trace its effects in the health of their children.
In the world’s coldest capital, the average temperature in February is -18°C. However, the majority of its citizens live in yurts (called ger) and other inexpensive forms of housing – dwellings that require a lot of energy to heat.
Traditionally, Mongolians burned a wood fire in a central hearth, but over many years of Soviet rule, that method was replaced with coal stoves, with dangerous results.
Three hundred Mongolians die each year from air-pollution-related illnesses. Of those, 240 are children. As of 2020, 38.8 per cent of all reported respiratory diseases were among children under the age of five.
Some nurseries are equipped with air monitors and purifiers.
Pregnant women suffer, too, with fetal deaths spiking in the more polluted winter months.
“It’s not just winter pollution,” says activist Dulguun Ganbaatar. “Coal dust settles on the soil, plants and water.”
Mongolia’s economy is reliant on coal. Raw materials account for more than 90 per cent of exports. And coal plants provide 93 per cent of the country’s energy.
(By comparison, recent figures show coal provides 3.8 per cent of Canada’s electricity.)
Traffic, as elsewhere in the world, also contributes. The number of vehicle registrations has doubled over the past decade.
Mongolian cars and trucks, often with decades-old engines, run on less refined fuel, and their emissions make up 20 per cent of the city’s pollution. Since 2016, citizens have been staging yearly protests in the thousands, asking the government to intervene.
In 2017, the cabinet approved a National Program on Reduction of Air and Environmental Pollution, but their stated goals have not been reached – such as a target to halve air pollution by 2025.
The protesters say that foreign aid and their own government’s money have not provided the results they should have.
“It’s the wind that solves the problem, not the government,” says Ganjavkhlan Chadraabal, the organizer of a recent protest in Ulaanbaatar.
“Billions have been invested, with no result.”
In 2019, in an attempt to improve indoor air, the government banned the use of raw coal, replacing it with briquettes made from a coal byproduct called semicoke.
However, the quality of the briquettes is now under question.
Some users allege the briquettes contain toxic additives, and an inspection of the Tavan Tolgoi Fuel Company is under way.
Through the efforts of various non-profits and individuals, 70,000 people signed a petition asking parliament to hold a public hearing on air pollution and government spending.
Even though air pollution-related fatalities are lower than in 2016, improvements are relative.
In 2024, air quality in the winter was overwhelmingly bad, with measurements far exceeding health guidelines.
“What’s missing is political will. How many more lives must be lost, and how much more suffering must we endure before leaders take decisive action?”
Photography and story
by Natalya Saprunova
About the photographer
Born in Murmansk, in the Arctic region of Russia, Natalya Saprunova is a Paris-based photographer. Her work explores societal issues such as identity, environment, climate change, youth, femininity and spirituality. Since 2019 she has been travelling the far north, visiting the Saami tundras, Yakutia, the Canadian Arctic and Mongolia.
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ADB Capital Utilization Plan Expands Operations by 50 Percent Over Next Decade www.montsame.mn

The Asian Development Bank (ADB) approved a plan to scale up its operations by 50 percent over the next decade, leveraging its existing capital base to enhance its development impact across Asia and the Pacific.
The Capital Utilization Plan (CUP) outlines a pathway for increasing ADB’s annual financing commitments from USD 24 billion in 2024 to exceed USD 36 billion by 2034. This expanded financing will bolster ADB’s developing member countries’ (DMCs) efforts to address critical development priorities in the region.
“This dynamic plan responds to the changing needs of our region and strengthens the transformative impact of ADB’s work, improving the lives of people and safeguarding our planet,” said ADB President Masatsugu Asakawa. “By utilizing our enhanced lending capacity, the CUP enables us to make strategic investments to address complex challenges while raising the quality and effectiveness of our operations across the region.”
The CUP represents the next step in ADB’s ongoing evolution. It builds on capital management reforms in 2023 that significantly increased ADB’s financing capacity, and on last year’s update of its corporate strategy that set ambitious targets in five focus areas. ADB also strengthened concessional lending and bolstered the Asian Development Fund, the largest source of grants for its poorest and most vulnerable member countries, in its most recent replenishment.
The CUP envisions a sharp increase in ADB’s lending commitments over the next two to three years, supported by an expansion in staff and technical assistance resources, followed by a period of steady and sustained growth. Nonsovereign operations are expected to grow at an accelerated pace, rising from 20 percent to 27 percent of commitments over the decade, while sovereign operations will expand at a moderate pace with a more balanced and diverse portfolio.
Over the next decade, ADB’s net income is projected to grow steadily. ADB intends to strategically invest part of this income to help DMCs develop high-quality, bankable projects and mobilize sustainable finance through capital markets. New intended initiatives include a borrowing facility with financial and non-financial incentives to drive investments in resilience and sustainability, and more flexible instruments to enhance project preparation.
ADB will develop operational approaches to guide its future work on private sector development, digital transformation, regional cooperation, and public goods. These initiatives are designed to ensure that ADB meets its corporate targets for 2030. This includes increasing the share of climate finance to 50 percent of total commitments and reaching total private sector financing of USD 13 billion, from both ADB's own financing and direct mobilization, for the year 2030. Progress against the CUP will be reviewed each year to ensure alignment with the region’s evolving needs and priorities.
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Mongolia Aims to Lift Chinese Coal Sales to 100 Million Tons www.bloomberg.com

Mongolia is aiming to increase its coal exports to China by almost a fifth this year, as it seeks to expand energy cooperation with its resource-hungry neighbor.
The central Asian nation forecasts that exports of the power and steelmaking fuel will rise to 100 million tons in 2025, Mongolian Prime Minister Oyun-Erdene Luvsannamsrai said in an interview on Monday. The two nations reached a deal on Friday for a new cross-border rail link that will increase capacity by 30 million tons.
Mongolia Seeks to Expand on Growing China Coal Trade
Nation wants to complete a cross-border rail link
It’s one of several rail connections Oyun-Erdene is hoping to create, eventually boosting the nation’s coal export capacity to China to 165 million tons, nearly double the almost 84 million tons it sent last year. He also wants to cooperate with China and other nations across energy sectors, from green power generation to hydrogen production and natural gas transit.
“Mongolia has vast land capable of producing energy,” Oyun-Erdene said. ”We can sell the energy to China and also other Asian superpowers.”
China posted record coal imports last year, which were driven by big increases from Australia and Mongolia, with the latter accounting for 60% of its southern neighbor’s coking coal imports for steelmaking.
Although China’s steel industry is struggling and its demand for coal generally is flattening, Mongolia is well placed to hold or even grow its market share at the expense of supplies from Russia, which have become increasingly expensive.
Trilateral Talks
Mongolia’s government also plans to push for trilateral negotiations with China and Russia over the Power of Siberia 2 pipeline, a massive proposed natural gas conduit that has stalled over price negotiations. Mongolia is ready to move forward with it if an agreement can ever be reached, Oyun-Erdene said.
The Mongolian Prime Minister has proposed to Chinese Premier Li Qiang to host a trilateral meeting in Ulaanbaatar to push the gas deal after talking to President Vladimir Putin. “The Mongolian government is ready to sign the agreement and move forward with this project when the purchase agreement is concluded between” Russian and Chinese state-owned firms, he said.
The nation also wants to use its coal reserves to produce hydrogen, which has been touted as a fuel of the future for heavy industries like steelmaking. Oyun-Erdene said Mongolia has been in talks with countries in the Middle East about potentially exporting its hydrogen to them.
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Social Responsibility Agreement Signed for Reducing Environmental Pollution www.montsame.mn

The Ministry of Environment and Climate Change of Mongolia, the Governor’s Office of the Capital, the National Committee for Air Pollution Reduction, and representatives of enterprises have signed a Memorandum of Understanding on cooperation.

The Government of Mongolia called for cooperation between government agencies and the private sector to reduce air pollution. In addition, the law provides for tax breaks for private enterprises that invest in reducing air and environmental pollution. Within the framework of the cooperation, enterprises will invest up to MNT 5 billion in actions for reducing air pollution in Ulaanbaatar.

Minister of Environment and Climate Change of Mongolia, Member of the National Committee for Air Pollution Reduction Odontuya Saldan noted, “Reducing air pollution is not just a matter of one sector, ministry, or organization. It requires the involvement of many stakeholders, including citizens, non-governmental organizations, and businesses. The monetary donations of these companies as part of their social responsibility will be spent effectively on reducing air pollution. The National Committee meeting will decide which projects to invest in and on collaboration.”

The “Joint Agreement on Social Responsibility to Reduce Environmental Pollution” was signed by 10 entities, including “Monosfarm,” “South Gobi Sands,” “Boroo Gold,” and “Monpolymet.” Minister Odontuya emphasized that other enterprises can also conclude this type of agreement.

As part of the Agreement, the “Monos” group will spend MNT 2 billion this year to reduce air pollution, said the company’s General Director Erdenechimeg Luvsan. “Over the past 10 years, trillions of tugriks have been spent on reducing air pollution, but it is not clear what they were spent on and how much the pollution decreased. The enterprises will monitor their pollution reduction activities. I am confident that by monitoring whether the investments are being spent on the right objectives, we will achieve results.”

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ATC: Investigated 89 criminal complaints and information www.eagle.mn

The Investigation Department of the Anti-Corruption Bureau investigated 89 criminal complaints and information from February 10-16, 2025. Of these, 12 complaints and information were forwarded to the prosecutor with a proposal to open an investigation case, 7 complaints and information were forwarded to the prosecutor with a proposal to refuse to open an investigation case, and 2 complaints and information were transferred according to jurisdiction, and 68 complaints and information are currently being reviewed and investigated.
In addition, out of 905 criminal cases investigated, 12 cases were referred to court last week, 12 cases were closed, 1 case was forwarded to the prosecutor with a proposal to transfer according to jurisdiction, and 2 cases are being investigated together. Currently, 878 cases are under investigation.
A detective report was written and submitted to the relevant authorities to eliminate the causes and conditions that contributed to the crime.
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Mongolia's GDP grows 4.9 pct in 2024 www.xinhuanet.com

Mongolia's gross domestic product (GDP) expanded by 4.9 percent year-on-year in 2024, official data released by the country's National Statistics Office (NSO) showed Monday.
The country's GDP for the year totaled 80.0 trillion Mongolian Tugriks (over 23.1 billion U.S. dollars), the NSO said in a report.
The economic growth was primarily driven by significant expansions in the mining and service sectors, which played a pivotal role in the overall performance of the Mongolian economy.
Mongolia, known for its rich natural resources, has long relied on the mining sector as a central pillar of its economic development.
In 2023, the country's economy grew by 7.0 percent, largely supported by the mining sector, according to the NSO.
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Mongolia to up coal exports to China by 20% in 2025, expand energy sector www.san.com

Mongolia plans to increase its coal exports to China by nearly 20% in 2025, with a goal of ultimately reaching 165 million tons of export capacity. A new cross-border rail link between the two countries is expected to support this growth.
Mongolia is also expanding its energy sector by pursuing projects such as the Power of Siberia 2 pipeline, linking Russia and China through Mongolian territory, as well as hydrogen exports to Middle Eastern nations.
As natural resources account for over 90% of Mongolia’s exports and more than a quarter of government revenue, the country aims to strengthen its role in the global energy market through international partnerships.
Full Story
Mongolia is set to increase its coal exports to China by nearly 20% this year as part of a broader effort to strengthen energy cooperation with international partners. Prime Minister Oyun-Erdene Luvsannamsrai announced in an interview on Monday, Feb. 17, that the country anticipates coal exports will reach 100 million tons in 2025, up from the nearly 84 million tons shipped last year.
“Mongolia has vast land capable of producing energy,” Oyun-Erdene said. ”We can sell the energy to China and also other Asian superpowers.”
How will Mongolia export more coal to China?
The increase follows a recent agreement between Mongolia and China, which has paved the way for a new cross-border rail link designed to facilitate greater coal exports. The project is expected to add an additional 30 million tons of coal export capacity and is one of multiple railway connections that Mongolia hopes to build, with an ultimate goal of raising coal export capacity to China to 165 million tons.
What other moves is Mongolia making in the energy sector?
Beyond coal, Mongolia is also looking to diversify its energy sector and enhance cooperation with China and other countries in renewable energy production, hydrogen fuel and natural gas transit. One of the key initiatives the country is pursuing is the long-discussed Power of Siberia 2 pipeline, a proposed natural gas conduit linking Russia and China through Mongolian territory.
The project has faced delays due to price negotiations, but Mongolia said it remains ready to facilitate progress. Oyun-Erdene proposed to Chinese Premier Li Qiang the idea of hosting a trilateral meeting in the Mongolian capital of Ulaanbaatar to advance discussions following talks with Russian President Vladimir Putin.
“The Mongolian government is ready to sign the agreement and move forward with this project when the purchase agreement is concluded between Russian and Chinese state-owned firms,” he said.
Is Mongolia exploring energy exports with any other nations?
Additionally, Mongolia is exploring the potential of using its coal reserves to produce hydrogen, which is increasingly viewed as a sustainable fuel alternative for heavy industries such as steel-making. The government has engaged in negotiations with countries in the Middle East regarding possible hydrogen exports, highlighting its ambition to become a major player in the evolving global energy landscape.
What happens next?
Mongolia’s natural resources remain a crucial pillar of its economy, accounting for over 90% of its exports and more than a quarter of government revenue. With increasing global demand for these resources in the power sector, Mongolia is positioning itself in the international energy market in the coming years.
By Jack Aylmer (Energy Correspondent), Jack Henry (Video Editor), Mohammed Ali (Senior Motion Designer)
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Mobicom Brings Circles' AI-Powered Xplore to Mongolia www.thefastmode.com

Mobicom has announced a strategic partnership with Circles, a global telco technology company. Central to this partnership is the launch of Xplore, an advanced AI-powered software-as-a-service (SaaS) platform co-developed by Circles and leading global telecom operators. Designed to personalize user interactions, boost engagement and unlock new digital opportunities, Xplore has successfully gone live in four markets and will transform digital experiences for Mobicom Corporation and its consumers in Central Asia.
The launch of Xplore accelerates Mobicom Corporation's digital evolution, strengthening its telecom leadership in Mongolia and Central Asia with AI-powered solutions that enhance customer engagement and unlock new opportunities.
As part of its commitment to next-generation digital experiences, Mobicom Corporation will integrate Xplore to enhance its service offerings with AI-powered content, expand customer touchpoints, and create new revenue opportunities. Xplore's suite of applications will drive user interactions, enhance digital engagement and provide differentiated services in a competitive telecom landscape.
With Xplore, Mobicom Corporation is poised to unlock significant revenue growth through improved customer retention, enhanced engagement, and reduced churn. Xplore's ecosystem enables cost-efficient innovation, allowing Mobicom Corporation to rapidly deploy new digital services without the heavy investment typically required for in-house development.
Koji Kurushima, Chief Executive Office, Mobicom
The future of telco lies in creating seamless, digital-first experiences that go beyond connectivity. At Mobicom Corporation, we see our partnership with Circles as more than just adopting new technology—it is about reimagining how we engage, entertain, and add value to our customers' lives. With Circles, we are unlocking new possibilities that will set a new benchmark for digital innovation in Mongolia and inspire the next era of mobile experiences.
Sanjay Kaul, Chief Revenue Officer, Circles
We are excited to partner with Mobicom Corporation to transform digital engagement in Mongolia. Mobicom Corporation is redefining what it means to be a digital-first telco, and we're proud to support this journey. With the launch of Xplore, an AI-powered platform developed by Circles with global telco operators, Mobicom Corporation is unlocking new opportunities to engage customers. This partnership highlights the growing demand for agile, AI-driven digital ecosystems. We are committed to helping Mobicom Corporation drive engagement, unlock new revenue streams and set new standards for digital innovation in Mongolia and beyond.
BY Tara Neal
Tara Neal is the Executive Editor and Telecom Strategist of The Fast Mode. She has more than 26 years of experience in research, analysis and strategy planning. Tara has worked on various strategy projects covering business strategies and performance management. She has written extensively on various topics relating to the latest technologies, digital services innovations, operator strategies, market trends and the development of various emerging sectors. Tara holds a First Class Honours in BSc Accounting and Finance from The London School of Economics, UK and is a CFA charterholder from the CFA Institute, United States.
Follow her on Twitter, LinkedIn or Facebook. She can be reached at tara.neal@thefastmode.com
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Mongolian football player signs contract with Czech Premier League club www.akipress.com

On February 13, 20-year-old Tuguldur Gantogtokh, who previously played for the Czech football club Dynamo České Budějovice, signed a professional contract with the club until 2028.
He began his career with the Mongolian club Arvis and took part in several youth tournaments before moving to the Czech Republic with his family in 2020. He then joined local club Tábor, and in 2022, Dynamo České Budějovice signed a contract with him and accepted him into their academy.
During his studies, Tuguldur played for the U19 national team and made his debut in the Czech Premier League in November 2023. In spring 2024, he was called up to the Mongolian national team for the first time, where he played against Tanzania and Azerbaijan.
"Mongolian striker Tuguldur Gantogtokh, who signed his first professional contract, will link his future football career with the South Bohemian team," wrote the official website of the football club SK Dynamo České Budějovice.
"I am very happy that I signed my first professional contract. This is a great motivation for me. Unfortunately, I am injured now, but I believe that I will gradually return. I am starting to train slowly, I hope everything will be fine," Tuguldur Gantogtokh said after signing the contract.
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“White Gold” National Movement to Double Mongolia’s Wool and Cashmere Exports www.montsame.mn

On February 13, 2025, President of Mongolia Khurelsukh Ukhnaa visited “Sor Cashmere,” “Snow Fields,” and “Ulaanbaatar Hivs” companies under the “White Gold” National Movement.
The President has initiated the “White Gold” National Movement to enhance the value of livestock-derived raw materials. The successful implementation of the Movement will increase the production and export of internationally competitive, high-value-added products with traceable origins and quality certifications. As a result, the value of livestock-derived raw materials will rise, improving herders’ incomes and livelihoods while elevating the agricultural and light industry sectors to a new level.
“Sor Cashmere” LLC sources 800 tons of cashmere annually from 13 aimags, in addition to processing approximately 200 tons of camel wool, over 30 tons of yak down, and more than 200 tons of sheep wool. The company produces pure yarn and finished products, exporting to 17 countries while supplying over 150 domestic knitting workshops with cashmere, camel wool, and yak-down yarn. The company’s officials introduced plans to expand their dehairing facility.
“Snow Fields” LLC collaborates with 360 herder households across three soums in Dornod aimag, processing wool and cashmere while producing 50 tons of finished products annually for export to Japan, Russia, Ukraine, France, the United States, Switzerland, Germany, and South Korea. The company also manufactures 70 tons of wool, cashmere, and yak down yarn for the domestic market annually. “Snow Fields” LLC plans to establish a processing line for recycling knitted materials, converting used wool and cashmere garments into yarns for new products.
“Ulaanbaatar Hivs” JSC produces pure wool carpets under the brands Altanbulag, Altan Urguu, Sayan, and Ulaanbaatar, supplying an average of 55,000 to 60,000 square meters of carpets annually, which accounts for 10-12 percent of the total domestic carpet production. The company exports 30-35 percent of its products to China and is currently upgrading its equipment to increase production capacity. The company’s officials expressed their support for the “White Gold” National Movement, highlighting its timely implementation and potential benefits, such as the development of agriculture and light industry, as well as increased incomes for herders.
This year, enterprises will receive a total of MNT 800 billion in loans, with over MNT 100 billion already disbursed as of February 1, 2025.
President Khurelsukh expressed gratitude to the enterprises and entrepreneurs who create jobs, collaborate with herders, manufacture final products for both domestic and international markets, and contribute to the economy by paying taxes. Over the course of three years, the “White Gold” National Movement aims at generating more than 8,000 jobs.
The “White Gold” National Movement is expected to:
Increase the cashmere processing rate from the current 20 percent to 40 percent, raising total production from MNT 1.5 trillion to MNT 2.3 trillion and exports from USD 398 million to USD 690 million, creating over 3,000 new jobs.
Increase the wool processing rate from 25 percent to 55 percent, raising production from MNT 240 billion to MNT 670 billion and exports from USD 52 million to USD 119 million, leading to about 2,200 new jobs.
Improve the leather processing rate from 30 percent to 50 percent, increasing revenue from MNT 57.8 billion to MNT 900 billion and exports from USD 9.6 million to USD 22.4 million, generating approximately 3,000 new jobs.
Additionally, the volume of exported livestock-derived raw materials is projected to double, reaching approximately USD 800 million.
The total budget of the “White Gold” National Movement amounts to MNT 2.19 trillion, of which MNT 680 billion will be financed by the State Budget.
Commercial banks will allocate MNT 1.5 trillion in loans to enterprises, while foreign loans and aid-funded projects will be aligned with the program’s objectives. Mongolia has an annual capacity to produce approximately 50,000 tons of wool and cashmere, including 37,000 tons of sheep wool, 10,000 tons of cashmere, 2,000 tons of camel wool, and 400 tons of yak down. However, more than 70 percent of these raw materials are currently exported in washed but unprocessed form.
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