1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia and Russia to increase Sputnik-5 vaccine deliveries? www.news.mn

Mongolia received the first 10 thousand doses of Russia’s Sputnik V vaccine on 27 February, 2021. This came after long negotiations between the two countries, which began in October, 2020. The vaccine was brought by a cargo charter flight from Seoul-Ulaanbaatar; the next batch of 10 thousand doses of Sputnik V vaccine is planned to arrive next week. Currently, Ulaanbaatar is holding talks with Moscow to import 200-250 thousand doses of Sputnik-5 vaccines per month.
In this connection, discussions about the production, approval and registration of Sputnik-5 vaccines were held on 4 March at the Representative Office of Rossotrudnichestvo in Mongolia. The meeting was attended by Mongolian doctors, scientists, journalists from both countries, delegates from the International Red Cross and Red Crescent Movement, Mongol Emimpex Concern and the Intermed Hospital.
Sputnik-5 is currently produced in several Russian biotechnological and pharmaceutical companies such as Binnopharm, Pharmsintez, R-Pharm, BIOCAD and Generium after being registered as the world’s first vaccine against Covid-19 in Russia on 11 August. Mongolia becomes the 23rd country to approve the Sputnik V vaccine for emergency use.
Rossotrudnichestvo is a Russian Federal Agency under the aegis of the Ministry of Foreign Affairs. Set up by Dmitry Medvedev in 2008, it has the full-title of the ‘Federal Agency for the Commonwealth of Independent States’ Affairs, Compatriots Living Abroad, and International Humanitarian Cooperation.’
It can be noted, that these negotiations come at a time, when there is growing evidence for the uncontrolled spread of coronavirus in the Mongolian capital.
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Activist investor Pentwater takes aim at Turquoise, Rio boards over CEO exit www.reuters.com

Activist investor Pentwater Capital Management LP on Friday condemned the surprise resignation of Turquoise Hill Resources Ltd’s chief executive officer following pressure from the Canadian miner’s top shareholder Rio Tinto.
Turquoise Hill said on Thursday Ulf Quelmann resigned, effective March 3, after Rio said it would vote against his re-election to the board.
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Pentwater, Turquoise Hill’s largest shareholder after Rio with a 9% stake, said it believed the boards of Turquoise and Rio breached their legal obligations in the way Quelmann’s departure was handled.
In response to Pentwater’s statement, a Rio spokesman said the company supports the reset of leadership at Turquoise.
Turquoise Hill did not immediately respond to requests for comment.
During Quelmann’s over two-year tenure as CEO, Turquoise found itself locked in a feud with Rio over how to fund the underground expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.
Rio is the operator for the mine and owns 51% of Turquoise Hill, which in turn owns 66% of Oyu Tolgoi.
Pentwater did not detail what actions it plans to take and did not immediately respond to a request for comment.
(By Shariq Khan; Editing by Sriraj Kalluvila)
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Judo Grand Slam: Japan, Italy and Mongolia take top spots on day 2 in Tashkent www.euronews.com

Uzbekistan welcomes the International Judo Federation World Tour with a passionate opening Ceremony on day 2 of the Tashkent Grand Slam. IJF President Mr Marius Vizer praised the organisers' efforts and noted the strong home team and enthusiastic crowd.
The middleweights battled it out for victory, and our woman of the day was Japan’s Tashiro Miku who flew through the elimination rounds, winning all her fights with her signature “sticky foot” or Kosoto gari. She upped Japan’s gold medal count to an impressive five with a beautiful foot sweep in her gold medal match, making this her fifth Grand Slam title.
After being awarded her gold by the President of the International Judo Federation, Mr Marius Vizer, Tashiro expressed her emotions about finally competing after a year.
“There was no significant meaning to my celebration, but I have been away from competition for a year and my emotions spontaneously came out like that as I have been holding my anxiety for not competing for a year.”
Winning his first Grand Slam gold in Tashkent, our man of the day was Italy’s Christian Parlati who defeated 2015 World Champion Nagase in his semi-final. In his final, Parlati took the fight into golden score where he dramatically managed to defeat the local favourite Sharofiddin Boltaboev, scoring wazari with a well-timed spinning ouchi gari to shock the home crowd.
President of the Judo Federation of Uzbekistan, Mr Azizjon Kamilov presented the medals and an elated Christian Parlati told reporters: “It’s really a special emotion because it’s one year without the public and I’m really happy for the atmosphere. It’s so special.”
In the under-73kg bouts, Mongolia’s Tsend-Ochir took the top spot on the podium, where Mr. Ravshan Irmatov, First Deputy Minister of Physical Culture and Sport, handed over the coveted gold medal.
The under-70kg category saw yet another Japanese gold from two-time world champion Arai Chizuru, who proved her strength and consistency once again. The President of the National Olympic Committee of the Republic of Uzbekistan, Mr Rustam Shoabdurakhmanov, donned Arai with her gold medal.
The home nation of Uzbekistan fielded a full team of athletes and have achieved four medals so far, thrilling the local crowd with spectacular ippons throughout the event, including a well-celebrated bronze medal from Gulnoza Matniyazova.
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China’s exports surge at record pace from coronavirus-battered levels www.rt.com

China saw its trade booming in the first two months of the year, with exports rising more than 60 percent in January-February compared to 2020 lows, when the Covid-19 outbreak rattled the world’s second-largest economy.
Last month alone, outbound shipments spiked 154.9 percent year-on-year, marking a record monthly surge for Chinese exports. The sharp increase in exports, which was much higher than economists’ predictions, is partly explained by the low base from 2020, when exports fell over 17 percent as the government imposed lockdowns to contain the spread of the deadly virus.
The surge in exports also came due to strong overseas demand for Chinese goods, with the US and Europe remaining the biggest destinations for Chinese shipments. According to China's General Administration of Customs, stimulus measures in major economies have also helped to elevate consumer demand for made-in-China products.
Moreover, this year many Chinese firms stayed open during the traditionally long Lunar New Year holidays as workers were encouraged to stay at their workplaces instead of going to their hometowns. The customs agency said that this allowed exporters to deliver orders faster than usual for this period.
Imports also jumped in the January-February period, rising more than 22 percent compared with a year ago. Skyrocketing exports and growing imports allowed overall trade to rise over 41 percent in dollar terms and 32 percent in yuan terms in two months year-on-year. While that is compared to the low base of 2020, the growth was significant even when contrasted with pre-crisis years.
“Even when compared with normal years, such as the comparable periods in 2018 and 2019, growth in China’s overall trade was around 20 percent,” customs said.
Robust exports and imports have helped China to become the only major economy to see growth in 2020. The world’s second-largest economy expanded 2.3 percent last year, its weakest result in decades, but most of its global peers contracted or even fell into recession. Beijing has recently set a growth target for 2021, expecting its gross domestic product (GDP) to expand by six percent.
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Rio Tinto set to start negotiations over Mongolian mine www.ft.com

Rio Tinto is set to start face-to-face negotiations with the government of Mongolia as its seeks to complete the $6.75bn expansion of a huge copper project in the Gobi desert.
The Anglo-Australian group is sending a team of senior executives to the capital Ulaanbaatar to try and hammer out a new financing agreement so that the development timeline can be maintained and underground caving operations can start later this year.
The discussions will focus on a number of issues including tax, a new power agreement and benefit sharing, according to people with knowledge of the situation.
Some government officials want Rio to pay more than $300m of withholding taxes on income it has received from Oyu Tolgoi LLC, the Mongolian holding company that owns the mine.
Rio receives a management service fee for running Oyu Tolgoi’s existing open pit and the underground project as well as interest on money it has lent the government to fund its share of the development costs.
However, the officials say it is “very difficult, if not impossible” to engage constructively on the issue because the payments are the subject of arbitration in London.
For its part, Rio believes the issue of withholding taxes is dealt with in the separate investment and shareholder agreements that cover its operations in the country.
The underground expansion of Oyu Tolgoi ranks as Rio’s most important growth project. At peak production it will be one of the world’s biggest copper mines, producing almost 500,000 tonnes a year.
Although Rio runs the existing operations and is in charge of the underground expansion project it does not have a direct stake in the mine.
It’s exposure comes through a 51 per cent stake in Turquoise Hill Resources, a Toronto-listed company. TRQ in turns owns 66 per cent of Oyu Tolgoi LLC, with the rest controlled by the government of Mongolia.
The project has been beset by difficulties and is already two years late and $1.5bn over budget. The government said earlier this year that if the expansion is not economically beneficial to the country it would be necessary to “review and evaluate” whether it can proceed.
To that end the ruling Mongolian People’s party and its new prime minister Luvsannamsrain Oyun-Erdene are trying to replace the Underground Development Plan with an improved agreement.
Signed in 2015, this sets out the fees that Rio receives for managing the project as well as the interest rates on the cash Mongolia has borrowed to finance its share of construction costs.
However, it was never approved by Mongolia’s parliament and has become a focal point for critics who say the country should receive a greater share of the financial benefits.
Rio, which recently appointed a new chief executive, has told the government it is prepared to “explore” a reduction of its project management fees and loan interest rates as well as discuss tax.
However, analysts are sceptical that the two sides will be able to put a new agreement in place by June when a decision on whether to start caving operations must be taken if Oyu Tolgoi is to meet a new target for first production in October 2022.
Rio is also at loggerheads with TRQ on how to fund the cost overruns at Oyu Tolgoi. Last week, TRQ’s chief executive resigned after Rio said it planned to vote against his re-election at its annual shareholders’ meeting.
In a statement, Rio said it was committed to working with TRQ and the government of Mongolia to enable the successful delivery of the Oyu Tolgoi Project
“Aligning and co-ordinating our joint efforts to resolve the concerns of the Government . . . going forward is of the highest priority,” it said.
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67 new COVID-19 cases reported www.montsame.mn

Ulaanbaatar /MONTSAME/ At a daily briefing of the Ministry of Health today, it was reported that 67 new cases of COVID-19 – 63 in Ulaanbaatar city and 4 in Zuunmod, Tuv aimag – have been detected after testing 21,626 people nationwide in the past 24 hours.
62 of the new cases are close contacts of previously confirmed cases and the sources of the other five are being investigated. In Ulaanbaatar, 20 cases have been detected in Bayanzurkh district, 4 in Songinokhairkhan district, 13 in Bayangol district, 17 in Khan-Uul district, five in Sukhbaatar district, and four in Chingeltei district. 58 people have been discharged from the hospital in the past 24 hours after recovering from the virus
Mongolia has so far recorded 3,228 confirmed cases, of which 78,6 percent or 2,539 have made recovery.
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PM: Government, central bank, commercial banks will together overcome economic difficulties www.montsame.mn

Ulaanbaatar /MONTSAME/. Prime Minister of Mongolia L.Oyun-Erdene today, March 04, held a meeting with the representatives from the banking and financial industry of the country.
The meeting was attended by more than 30 representatives, including Minister of Finance, officials from the Bank of Mongolia and directors of 12 commercial banks operating in Mongolia, and representatives from government and nongovernment organizations.
The meeting agenda focused on issues to consider by the banking industry for the implementation of the government’s MNT 10 trillion comprehensive plan for the economic recovery and health protection.
At the beginning of the meeting, Prime Minister L.Oyun-Erdene introduced about the recently-approved MNT 10 trillion financing plan, which outlines a measure to provide small and medium sized businesses and manufacturers with 3-percent interest loans, totaling MNT 2 trillion with government budget funding, and asked the commercial banks to cooperate within this target.
“Due to the COVID-19 related restriction measures in the country, the country’s GDP fell 6 percent in 2020 and the number of job places has been reduced by over 70,000 out of a total 820,000 job places in Mongolia. And it is calculated that the number is likely to increase to 130,000 in case the lockdown measures are enforced and no financial support is available,” reminded the Prime Minister.
The meeting also heard presentations by the banking representatives on the current situation and their views and expectation on the government’s MNT 10 trillion economic recovery plan.
Banks wish to ease lending criteria for borrowers
Chief Executive of the Mongolian Bankers Association L.Amar mentioned that in 2020, commercial banks spent one-third of their expenses or around USD 100 million in total to improve their technologies and for digital transformation, which helped customers access uninterrupted services amid COVID-19.
He also informed that around 40 percent of loans issued on the market is considered somewhat risky and commercial banks have deferred consumer loan repayment of around 150,000 borrowers and mortgage loan repayment of 55,000 consumers.
According to him, the commercial banks are willing to invest in measures to increase job employment and income. The requests proposed by the banks include lowering of eligibility criteria for borrowers, only to consider their ability to repay the loan; ensuring transparency of requirement set by the government; establishing bureaucracy-free and digital control system and having a system designed for protecting the borrowers against credit risks, etc.
Vice President of the Mongolian Bankers Association J. Medree highlighted that the eligibility criteria for borrowers interested in taking out loans should be eased as a large number of companies and businesses are not in condition to satisfy the requirements set for the loan programs announced within the framework of the MNT 10 trillion plan.
After hearing proposals and suggestions from the banking and financial industry representatives, Prime Minister L.Oyun-Erdene pointed out that all possibilities will be explored to solve the problems and the current economic difficulties will be overcome with the help of collaboration of the government, the Bank of Mongolia and commercial banks
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Europe starts formal review of Russia's Sputnik V COVID-19 vaccine www.reuters.com

MOSCOW (Reuters) - Europe’s medicines regulator said on Thursday it had started a rolling review of Russia’s Sputnik V COVID-19 vaccine, an important display of confidence in the shot that paves the way for its potential approval across the 27-nation bloc.
Hungary became the first EU country to grant the Russian vaccine emergency national approval in January, Slovakia has ordered shipments, and Czech Prime Minister Andrej Babis has said his country could move to use Sputnik V.
The European Medicines Agency (EMA) said in a statement it would review data from ongoing trials of the vaccine until there was enough evidence for a formal marketing authorisation application. (bit.ly/3uQxwfL)
EMA’s ‘rolling reviews’ are aimed at speeding up the approval process by allowing researchers to submit findings in real-time before final trial data is ready.
“While EMA cannot predict the overall timelines, it should take less time than normal to evaluate an eventual application because of the work done during the rolling review,” it said.
Kirill Dmitriev, CEO of the RDIF sovereign wealth fund that is promoting Sputnik V internationally, hailed the start of EMA’s rolling review as an important moment for Russia which he said showed its application had been a strong one.
“Sputnik V can act as a bridge between Russia and Europe, but its roll out should not get bogged down in politics,” Dmitriev told Reuters, praising Germany, France, Italy and Austria for what he called their pragmatic approach to Sputnik V.
The shot’s efficacy was initially greeted with scepticism by some Western scientists after Russia approved it in August last year without waiting for the results of full clinical trials.
However, some of those initial concerns appear to have faded after scientists said it was almost 92% effective in fighting COVID-19, based on peer-reviewed late-stage trial results published in The Lancet medical journal last month.
The two-shot vaccine uses two different weakened common cold viruses to deliver immune-building protein to the human body.
Dmitriev said Moscow could provide vaccines for 50 million Europeans starting from June if the shot won EU-wide approval, adding he expected several EU countries to approve the use of Sputnik V this month for their national use.
He did not name the countries.
Europe has so far approved vaccines from Pfizer/BioNTech, Moderna and AstraZeneca/Oxford, while ongoing reviews for CureVac and Novavax’s candidates are underway.
The EMA is expected to give its verdict on J&J’s single-shot vaccine on March 11.
Reporting by Andrew Osborn in Moscow and Pushkala Aripaka in Bengaluru; Editing by Sriraj Kalluvila, Bernard Orr, William Maclean
 
 

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Mongolia reports 44 daily cases of coronavirus www.akipress.com

Mongolia reported 42 daily cases of coronavirus in the capital and 2 in Zavkhan aimag after PCR testing of 19,507 people nationwide yesterday, the Health Ministry said on March 4.
Mongolia has reported a total of 3,076 cases of coronavirus, including 2,415 recoveries (+55 for a day).
657 patients are treated in medical institutions, 2 patients are in extremely serious condition, 7 in serious condition, and the remaining patients have a mild form of the disease.
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Mongolian lamb to be new brand www.montsame.mn

Ulaanbaatar /MONTSAME/ “Mongolian lamb grill” fast food restaurant was opened at “Saruul” trade center on March 3.
Generally, Mongolians do not use very young animals for their consumption, but this new service is being introduced within a “Mongolian eco lamb” project that aims to improve processing of Mongolian livestock meat, provide population with nutritious, eco food and make export. Specifically, “Mongolian eco lamb” project is a sub project being realized within the “Rich Herder” project.
"Putting young livestock into economic circulation gives various benefits including profiting herders, creating new consumption and Mongolian lamb meat brand and exporting quality meat. By gaining profit, herders’ livelihood will be raised," coordinator of “Rich Herder” project L.Odser said. Numerous works are being carried out in the scope of "Rich Herder” project beginning from breeding selection to involving herders in business training and making market research on meat processing and new meat products.
Product development of “Mongolian eco lamb” project is now underway and the project team has received orders from consumers to introduce the product in foreign and domestic market networks under franchising, noted 'Mongolian eco lamb' project coordinator B.Soyoltuya.
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