1 RIO-GLENCORE DEAL CLOSER THAN EVER WITH PREMIUM AND CEO IN FOCUS WWW.BLOOMBERG.COM PUBLISHED:2026/01/10      2 MONGOLIA'S INFLATION DOWN TO 7.5 PCT IN DECEMBER 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/10      3 MONGOLIA ENERGY FACES MNT 412.3 BILLION TAX LIABILITY AFTER LOSING MONGOLIAN COURT CASE WWW.TIPRANKS.COM  PUBLISHED:2026/01/10      4 NUMBER OF FOREIGN NATIONALS RESIDING FOR OFFICIAL AND PRIVATE PURPOSES UP 7.4% WWW.MONTSAME.MN PUBLISHED:2026/01/10      5 SUSTAINABILITY RELATED REPORTING: READINESS ASSESSMENT MONGOLIA REPORT WWW.UNDP.ORG PUBLISHED:2026/01/10      6 GOVERNMENT TO FORMALLY APPROACH RIO TINTO, OYU TOLGOI TO SAFEGUARD NATIONAL INTEREST WWW.MONTSAME.MN PUBLISHED:2026/01/09      7 NON-COMPLIANT ADVERTISING BILLBOARDS TO BE REMOVED WWW.MONTSAME.MN PUBLISHED:2026/01/09      8 FROM TORONTO, CANADA TO PHU QUOC, VIETNAM: MONGOLIA’S BOLD 2026 AVIATION EXPANSION INCLUDES NEW FLIGHTS, VISA-FREE TRAVEL, AND AIRPORT UPGRADES! WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2026/01/09      9 MONGOLIA TO MARK 820TH ANNIVERSARY OF THE GREAT MONGOL EMPIRE WWW.MONTSAME.MN PUBLISHED:2026/01/09      10 PARLIAMENT SUPPORTS SOLAR GER INITIATIVE UNDER NEW REGULATORY REFORMS WWW.MONTSAME.MN PUBLISHED:2026/01/09      GLENCORE, RIO TINTO КОМПАНИУД НЭГДЭХ ХЭЛЭЛЦЭЭ ХИЙЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/10     Н.НАРАНБААТАР: ЭНЭ ОНД НҮҮРСНИЙ ЭКСПОРТЫН ХЭМЖЭЭГ 90 САЯ ТОННД БАРИНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/10     УЛААНБААТАРТ ӨНДӨР ТЕХНОЛОГИЙН ХОЁР ҮЙЛДВЭР БАЙГУУЛЖ, УСАН ХАНГАМЖИЙГ 80 ХУВИАР НЭМЭГДҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     ХУУЛЬ БУС ЭЗЭМШИЛД БАЙСАН 15 БАРИЛГА БАЙГУУЛАМЖИЙГ НИЙСЛЭЛД БУЦААН АВЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/09     МОНГОЛ УЛСАД 37 097 ГАДААД ИРГЭН ОРШИН СУУХ БҮРТГЭЛТЭЙ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     ҮСХ: 12 ДУГААР САРЫН ИНФЛЯЦ 7.5 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/09     2026 ОНД НИЙСЛЭЛД ХЭРЭГЖИХ ТОМООХОН БҮТЭЭН БАЙГУУЛАЛТУУД WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/09     ДУЛААНЫ ТАРИФ НЭМЭГДҮҮЛЭХ ШИЙДВЭРИЙГ ХОЙШЛУУЛЖ, 2027 ОНЫ НЭГДҮГЭЭР САРЫН 1-НЭЭС НЭМНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/09     НИЙГМИЙН ДААТГАЛЫН ӨР ТӨЛБӨРТ ТООЦОЖ, "КАПИТАЛ" БАНКНААС ХУРААСАН ХӨРӨНГИЙГ ДУУДЛАГААР ХУДАЛДАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/09     НИЙСЛЭЛИЙН 19 БАЙРШИЛД 11.7 КМ АВТО ЗАМЫН БОРООНЫ УС ЗАЙЛУУЛАХ ШУГАМ УГСАРНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/08    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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The legendary sleeper train connecting 3 countries in 7 days crosses 8 time zones www.mirror.co.uk

The Trans-Siberian Railway in Russia is the longest railway journey, traversing three countries and two continents, taking holidaymakers to some of the world's most secluded spots. The train links Russia, Mongolia and China on a continuous journey across eight time zones.
The classic Trans-Siberian journey takes seven days, connecting Moscow to Vladivostok over a distance of 9,258km (6,152 miles).
Other routes include the six-day Trans-Manchurian trip from Moscow to Beijing, a five-day journey to Ulan-Bator, and the shortest route, the Trans-Mongolian, which runs from Moscow to Beijing via Mongolia.
Ticket prices range from roughly $120 (£88) for a standard ticket to $1,000 (£740) for first class travel.
Russian Train stated: "As soon as it was built at the beginning of the 19th century, the Trans-Siberian Railway was proclaimed the finest of the diamonds on the crown of the Russian Empire and became famous to the whole world.
"Since then, it has been attracting many travellers striving to see the miracle of engineering and to experience the peculiar way of journey.
"At the same time, the Trans-Siberian regular trains are mostly used by locals for their commuting needs, so it is an excellent way to meet the real people and feel the pure soul of the country."
The Trans-Siberian Railway presents holidaymakers with "absolutely incomparable landscapes", making the journey a truly unique adventure.
One traveller reviewed the train trip on Tripadvisor as a "unique, unforgettable journey", while another described it as a "fascinating experience".
"My wife and I crossed off our list one of these 'must-do in our lifetime' items, which was the Trans Siberian Railway. Time flies on the train, I barely read one book in four days, the rest of the time stared out of the window; Russia by train is fascinating!"

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Mongolia Celebrates Restoration of Its Independence www.montsame.mn

Mongolia celebrates the victory of the National Liberation Movement and the restoration of its independence, as a public holiday.
On December 29, 1911, Mongolia restored its independence after more than 200 years of Manchu rule through a national movement known as the 1911 Revolution. The Mongolian people enthroned the VIII Bogd Jebtsundamba Khutugtu as the Theocratic Monarch and a government, headed by Bogd Jebtsundamba Khutugtu was established. This government consisted of five ministries: internal affairs, foreign affairs, military affairs, finance, and judicial affairs. 
Having laid the foundation for the revival of Mongolia, the 1911 Revolution is an event of utmost significance in the history of modern Mongolia and a proud historic moment to be remembered and cherished by future generations. The liberation of Mongolia in 1911 is considered to have necessitated the 1921 People’s Revolution, by fulfilling Mongolia’s long struggle to restore national freedom.
The Day of the National Liberation Movement and Independence has been celebrated as a public holiday since 2011 in accordance with the Law on Public Holidays and Celebrations.

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Livestock Numbers Up 0.8 Percent, Herder Households Down by 1,600 www.montsame.mn

The National Statistics Office of Mongolia organized a nationwide livestock census on December 7, 2025, and has presented its preliminary results.
According to the preliminary findings, Mongolia recorded 58.1 million head of livestock at the end of 2025, an increase of 445,100 head, or 0.8 percent, compared with the previous year.
By species, horses increased to 5.1 million, up 9.5 percent, leading overall growth. Cattle rose to 5.4 million (+7.2 percent), camels to 501,300 (+4.3 percent), and goats to 23.2 million (+1.1 percent). In contrast, sheep declined by 2.6 percent to 23.9 million head. Sheep account for 41.1 percent of the total herd, followed by goats (39.9 percent), cattle (9.4 percent), horses (8.8 percent), and camels (0.9 percent).
By aimag, Khuvsgul ranked first with 5.3 million head, followed by Uvurkhangai (5.1 million), Arkhangai (4.4 million), Bayankhongor (4.2 million), and Tuv (4.1 million). Livestock numbers increased by 10,300 to 325,000 head in Umnugobi, Sukhbaatar, Bayankhongor, Arkhangai, Khentii, Dornogobi, Dundgobi, Khuvsgul, Dornod, Gobisumber, Zavkhan aimags, and the Capital city. Declines of 6,300 to 354,500 head were recorded in Selenge, Uvs, Khovd, Gobi-Altai, Bayan-Ulgii, Darkhan-Uul, Tuv, Orkhon, Bulgan, and Uvurkhangai aimags. Nationwide, Umnudelger soum of Khentii aimag recorded the highest livestock number, with 532,100 head.
In addition, 313,000 herders were registered nationwide, of whom 58 percent (182,800) are men and 130,200 are women. Herders aged 35 and under account for 22 percent of the total. While a proportion of herders carry loans, another proportion pays social insurance contributions.
The number of households owning livestock reached 247,900, a decrease of 1,600 households from the previous year.

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Over 850,000 Tourists Visit Mongolia This Year www.montsame.mn

 A total of 851,931 foreign tourists visited Mongolia since the beginning of this year, representing a 5 percent increase compared to the same period of the previous year, the Professional Tourism Association reported.
In December, 43,946 tourists arrived in Mongolia, including 15,604 visitors from the People's Republic of China, 13,260 from the Russian Federation, and 2,905 from the Republic of Korea. The growth in tourist numbers is attributed to the recovery of the tourism market, the effectiveness of international promotional activities, and the increase in the number of international flights.
In terms of seasonal distribution, the highest number of tourists was recorded in July and August.

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Draft tax reform package up for parliament submission www.ubpost.mn

At its regular session of the cabinet meeting, the government decided to submit to parliament a comprehensive draft tax reform package, including amendments to the General Tax Law, Corporate Income Tax Law, Personal Income Tax Law, Value Added Tax Law, and related legislation.
The reforms aim to stimulate economic growth while protecting citizens’ incomes, supporting employment, and promoting housing development. Under the proposed changes, citizens would receive VAT refunds on purchases: 100 percent for spending up to 500,000 MNT per month, 50 percent for spending up to 1 million MNT, and 20 percent for amounts above that. Additionally, employees earning up to the minimum wage or a maximum of 500,000 MNT per month would receive full income tax refunds.
The bill also introduces measures to simplify taxation and promote fairness. The threshold for reporting business income will rise to 400 million MNT, and certain taxpayers will benefit from tax breaks. Up to 15 million MNT in tax incentives will be offered for citizens relocating from Ulaanbaatar to rural areas and for investing in energy-efficient, accessible, and eco-friendly buildings.
Corporate tax reforms include reducing the corporate tax rate, raising the threshold for the 25 percent tax rate from 6 billion to 10 billion MNT, and lowering profits tax for income between 6 and 10 billion MNT to 15 percent. Support for small and medium-sized enterprises (SMEs) includes increasing the threshold for one-percent tax from 1.5 billion to 2.5 billion MNT for three years and allowing simplified VAT payment for businesses with annual revenue under 400 million MNT. Companies can also deduct expenses for employee training and development and offset VAT for certain purchases and international services.
The reform package emphasizes taxpayer support and transparency. Measures include pre-prepared tax reports, advisory services, online and classroom training, and a 24-hour AI-powered information system. Tax authorities will monitor compliance levels, provide opportunities to correct errors, and allow flexible payment schedules for compliant taxpayers. Taxpayers in financial difficulty may have up to 80 percent of their bank accounts frozen rather than fully blocked, ensuring business continuity. The government and the parliamentary working group conducted extensive public consultation throughout 2025, receiving around 180,000 proposals from over 13,000 citizens and businesses, with more than half requesting tax reductions, exemptions, or deductions.

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Mongolia Launches World's First 24/5 Blockchain-Based Securities Trading www.kipost.net

Powered by blockchain technology developed by AND Global Group, Mongolia's over-the-counter (OTC) securities market has officially transitioned to 24-hour continuous trading model, marking a historic milestone in global financial markets.
The blockchain trading system was successfully tested for 18 months in the Financial Regulatory Commission's sandbox environment before going live. It now enables continuous trading 24 hours a day, 5 days a week (24/5), with automated settlement completing transactions in under a minute.
The Financial Regulatory Commission originally announced the transition of the OTC market to blockchain technology on September 12, 2025, during the "Mongolia's Capital Market Connectivity 2025" international conference in Ulaanbaatar. Today's launch of 24-hour trading operations represents the next phase of this transformation.
In the three months since the blockchain transition, secondary market trading activity has increased by 40 percent. This growth is attributed to the efficiency of instant, automated payment settlements, and market liquidity is expected to surge further under the newly launched 24/5 continuous trading schedule.
The Mongolian Association of Securities Dealers (MASD) manages the OTC market's operations, while the underlying technology was developed and implemented by the Mongolian fintech firm AND Global Group through its subsidiary AND Denode. Payment settlement automation was achieved through a strategic collaboration with the Mongolian Central Securities Depository (MCSD).
By successfully integrating blockchain into securities trading, Mongolia is not only making its domestic capital market more efficient and secure but also contributing to the advancement of global financial innovation.

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Construction of Oil Refinery at 50 Percent Complete www.montsame.mn

Mongolia is building its first major oil refinery in Altan Shiree soum of Dornogobi aimag with a soft loan worth about USD 1.7 billion from the Export-Import Bank of the Republic of India.
The construction work is being carried out in four phases, and as of today, the project is 50 percent complete. In addition, the crude oil pipeline project is 90 percent complete, reported Executive Director of Mongol Refinery LLC Altantsetseg Dashdavaa. In accordance with the intergovernmental agreement between the two countries, the plant is scheduled to become operational in 2028.  However, due to the government and the Ministry of Industry and Mineral Resources’ efforts to accelerate the construction, it is planned to be commissioned a year ahead of schedule.  
Minister of Industry and Mineral Resources Damdinnyam Gongor said, “During the fuel and oil products crisis, Mongolia relies 95 percent on Russia and 5 percent on China — in other words, we were fully dependent on foreign suppliers. The way out of this dependence is to build a domestic oil refinery. Once the plant becomes operational, Mongolia will be able to meet about 50 percent of its domestic demand for oil products. The main challenge now is securing raw materials. Our ministry is focusing on this issue, and we plan to hold talks with PetroChina to find a solution.”
As of today, construction of the pipeline racks for the primary processing facilities and the foundation concrete work for the furnaces of the atmospheric and vacuum distillation units have been completed. Meanwhile, installation works are continuing on the pipeline racks, substations, and buildings intended for control and server operations within the auxiliary and support facilities.
In addition, officials reported that construction of the storage tank park, pipeline racks, substations, and the foundations for the plant’s power plant control system and substation buildings is underway, with the main structural works nearing completion. The majority of the plant’s technological equipment is being manufactured by nearly 20 companies in India.

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FLS driving innovation and sustainability in Mongolia's mining industry www.mongolianminingjournal.com

FLSmidth (FLS) is a global leader in mining technology, providing equipment, services, and digital solutions that enhance productivity, efficiency, and sustainability. In Mongolia, the company collaborates closely with local mining operators and authorities to address the unique challenges of the region.
In this interview, Mikko Keto, CEO of FLSmidth, shares insights on how the company maintains global standards while tailoring solutions to Mongolia's mining sector, leverages digital technologies, fosters operational efficiency, promotes sustainability, and supports local development.
O.Dulguun
How do you assess the current state of the global mining sector, particularly in the Central Asian market, and what potential risks and opportunities do you foresee over the next decade, along with possible strategies to address them?
Central Asia possesses substantial mineral resources, A presenting both significant and challenges. key opportunities opportunity arises from the manner in which governments manage permitting and licensing processes. Given that mining is a capital- intensive sector, investors are particularly attracted to jurisdictions with clear, stable, and predictable legal and regulatory frameworks. Efficient and transparent permitting can accelerate investment, draw international mining companies, and support sustainable development initiatives.
Conversely, delays in licensing or policy uncertainty constitute major risks, potentially slowing project implementation and deterring investment. Overall, the combination of abundant mineral resources, openness to international participation, and clear, consistent government policies positions Central Asia as a highly attractive region for mining over the next five to ten years.
How does FLS utilize advanced technologies to enhance productivity and safety in Mongolian mining operations?
FLS Mongolia collaborates closely with the company's global technical teams in Europe and the United States to ensure that all equipment, processes, and safety standards comply with international benchmarks. Simultaneously, solutions are localized to address Mongolia's specific geological conditions, operational characteristics, and the requirements of individual mining companies.
Through on-site engagement with clients, tailored training programs, and the transfer of international best practices, FLS effectively translates its global expertise into the Mongolian context. This approach enables mining operations in Mongolia to maintain high reliability, operational efficiency, and adherence to world-class safety standards.
How does FLS maintain compliance with international mining standards while tailoring its technological solutions to the specific geological, operational, and regulatory conditions of the Mongolian mining industry?
We actively employ artificial intelligence (AI) and advanced sensor technologies to continuously monitor equipment performance. Various sensors and high-resolution cameras are installed on mills and flotation systems to capture detailed imagery of equipment surfaces and operational patterns.
Al analyzes these images using extensive databases, enabling the timely detection of anomalies and deviations from normal operation. 
By integrating Al with sensor data, FLS ensures continuous equipment monitoring, which supports operational optimization, enhances productivity, and improves safety in mining operations.
Can you provide examples of how FLS innovations have enhanced operational efficiency for clients in Mongolia?
In milling operations, we use advanced sensor technologies equipment performance, reduce energy to optimize consumption, and minimize wear. Many of these technologies are specifically designed to support clients in achieving more efficient and sustainable operations.
A notable example is the implementation of FLS's High Pressure Grinding Rolls (HPGR Pro) technology by Erdenet Mining Corporation. HPGR Pro represents one of the most energy- efficient methods for reducing ore size within a crushing and screening circuit. Its adoption constitutes a significant advancement in operational efficiency and marks a technological milestone for the Mongolian mining industry.
How does your company balance short-term project goals with its long-term sustainability and environmental commitments?
When assessing the environmental impact of our processing plants, Our company focuses on several key areas.
First, technologies are developed to minimize electricity and energy consumption. Second, water efficiency is prioritized by recycling up to 90% of process water, limiting the use of fresh water to only 10% within the circuit. Third, recovery processes are optimized to maximize the extraction of valuable minerals, as higher recovery reduces the amount of ore required to produce the same output.
By integrating these strategies, FLS is able to achieve short-term operational goals while simultaneously advancing long-term sustainability objectives and minimizing the environmental footprint of its operations.
How does FLS plan to maintain its competitive position in Mongolia amid the rapid evolution of global mining technologies?
We see ourselves as a leader in mining technologies and solutions. To stay competitive, it's not enough to lead in technology-we also need to offer products that are cost-effective for our clients. Finding the right balance between providing cutting-edge technologies ensuring economic efficiency is something we focus on constantly. and
To achieve this, we continuously refine our supply chain and production processes. This allows us to deliver high-quality, innovative solutions that meet both performance expectations and cost considerations for the Mongolian mining sector.
What lessons has FLS learned from other countries that can be applied to Mongolia's mining sector?
A key lesson derived from international experience is the importance of investing in new yet proven technologies. For instance, High Pressure Grinding Rolls (HPGR) have been successfully implemented in multiple countries, but remain relatively novel in Mongolia.
By leveraging experiences from regions such as South America, Chile, Peru, and Kazakhstan, FLS is able to introduce tested and reliable solutions to Mongolian mining operations. This approach allows clients to adopt new technologies with minimal risk, which is particularly important given that mining companies often exhibit conservative adoption patterns and prefer solutions that have been validated in other markets rather than serving as early adopters or test cases.
How does collaboration with local governments and trilateral partnerships influence FLS's long-term success in Mongolia?
Collaboration with local governments and communities is critical to FLS's long- term success. Our company prioritizes the development of local talent by offering training and upskilling opportunities for existing employees, including international rotation programs that enable staff to gain experience in other operational contexts.
FLS also supports educational institutions that prepare technical professionals, thereby ensuring a sustainable pipeline of skilled personnel.
Close cooperation with government authorities ensures that the benefits of mining operations are tangible and accessible to local communities. Given the significant economic impact of mining, active engagement with local stakeholders is essential to promote sustainable development and to enable mining operations to function responsibly and efficiently.
In what ways is FLS preparing for future challenges, such as water scarcity or changing commodity markets?
We are continuously advancing our technologies to prepare for future challenges. Over the years, our company has evolved into an integrated provider of technology, products, and services, and maintaining leadership in these areas remains a top priority.
By working closely with our clients, we help them optimize their operations and develop effective strategies to address challenges such as resource scarcity or fluctuations in commodity markets. Our overarching goal is to remain a leading technology provider in the global mining sector, ensuring that both we and our clients are fully equipped to navigate whatever the future may hold.
How does FLS measure the impact of its sustainable initiatives on both process performance and local communities?
One of the key advantages in our approach is that sustainability and economic performance go hand in hand, particularly in process plants. Reducing power consumption not only enhances sustainability but also lowers operating costs.
Similarly, minimizing water use benefits both the environment and local communities by conserving fresh water. Unlike other areas in mining, where certain sustainability measures might be costly to implement, in process plants these initiatives improve operational efficiency while supporting sustainable outcomes.
This alignment allows us to achieve both economic and environmental goals simultaneously, and demonstrating that responsible operations can also be economically advantageous.

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More Than 3,000 Land Parcels Cleared in Ulaanbaatar in 2025 www.montsame.mn

A total of 3,933 land parcels have been cleared across the Capital city so far this year.
According to the Governor’s Office of the Capital City of Ulaanbaatar, land clearance has been carried out for 1,021 parcels for engineering infrastructure, 2,332 parcels for partial master planning, and 580 parcels for social infrastructure projects. In accordance with the Mayor of Ulaanbaatar’s orders, land clearance activities have continued across Ulaanbaatar to ensure a safe and healthy living environment for residents.
As a result of land clearance in 2025, conditions have been created for the construction of housing for 11,575 households. Additionally, land has been cleared at 28 locations to facilitate the construction of 60.3 kilometers of roads. Land clearance has also been completed at 13 locations for the renovation of engineering networks, five locations for flood protection embankments, 14 locations for kindergartens and schools, for the construction of parking facilities for 800 vehicles near schools, three thermal power plants, and 21 locations for other buildings and facilities of essential social need.
Meanwhile, under the Capital city’s 2026 land management plan, preparations have been made to implement 341 projects and activities, involving the clearance of 4,344.05 hectares of land, with compensation provided. Specifically, land clearance is planned next year in areas including Khoroo 14 of Chingeltei district, around Buudal 5 and 6, the ridge behind Gandan Monastery and the “Urgoo” Cinema, Khoroos 4, 5, and 8 of Songinokhairkhan district, the Tsaiz-16 area of Bayanzurkh district, near 34th Secondary School in Khan-Uul district, and Dambadarjaa.

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Land Allocation Requests to Be Processed Starting December www.montsame.mn

Under Government Resolution No. 121 of 2025, Mongolia has approved an updated “The Procedure for Issuing Certificates of Land Possession and Use Eights”.
In accordance with the regulation, applications are now accepted for 27 types of land-related requests from citizens and legal entities. These include granting new land possession and use rights, transferring land possession rights to others, extending the validity of land possession and use certificates, changing land-use purposes, adjusting land size and location, and consolidating or subdividing land parcels.
Land-related applications are accepted through the electronic land system (www.egazar.gov.mn) and the mobile application (egazar). Depending on the type of application, requests are processed within one to five working days in accordance with relevant legislation. Beginning December 31, 2025, applications for land allocation will be processed, and land will be granted in sequential order.
Citizens are required to submit land allocation requests electronically. Land will be allocated in the order applications are received, based on locations designated in approved land-use and land management plans.

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