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    

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

824 projects to be implemented in construction sector in 2021 www.montsame.mn

Ulaanbaatar /MONTSAME/. In 2021, 824 projects will be implemented in construction sector with the financing from the state budget.
In accordance with the decision to open the operations of woodwork, construction and materials factory starting from December 1, 2225 employees of 100 factories have started working again normally amid the ongoing lockdown.
In 2020, 691 projects in construction sector with financing of a total of MNT 546.3 billion from the state budget was approved. Whereas, 824 projects to be financed with MNT 850.8 billion from the state budget was approved for 2021 as reflected in the budget law.
Of the 824 projects, 516 or 63 percent will be realized with the extent of 2 or more years, which means that the number of projects that will be implemented within one year for 2021 is fewer by 379 compared with 2020.
In addition, the Ministry of Construction and Urban Development conducted the necessary research on ways to organize construction works during the pandemic and developed recommendations and methodologies for construction sites.
...


64x64

IBM warns hackers targeting COVID vaccine 'cold chain' supply process www.reuters.com

WASHINGTON (Reuters) - IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital spies are turning their attention to the complex logistical work involved in inoculating the world’s population against the novel coronavirus.
The information technology company said in a blog post published on Thursday that it had uncovered “a global phishing campaign” focused on organizations associated with the COVID-19 vaccine “cold chain” - the process needed to keep vaccine doses at extremely cold temperatures as they travel from manufacturers to people’s arms.
The U.S. Cybersecurity and Infrastructure Security Agency reposted the report, warning members of Operation Warp Speed - the U.S. government’s national vaccine mission - to be on the lookout. Understanding how to build a secure cold chain is fundamental to distributing vaccines developed by the likes of Pfizer Inc and BioNTech SE because the shots need to be stored at minus 70 degrees Celsius (-94 F) or below to avoid spoiling.
IBM’s cybersecurity unit said it had detected an advanced group of hackers working to gather information about different aspects of the cold chain, using meticulously crafted booby-trapped emails sent in the name of an executive with Haier Biomedical, a Chinese cold chain provider that specializes in vaccine transport and biological sample storage.
The hackers went through “an exceptional amount of effort,” said IBM analyst Claire Zaboeva, who helped draft the report. Hackers researched the correct make, model, and pricing of various Haier refrigeration units, Zaboeva said.
“Whoever put together this campaign was intimately aware of whatever products were involved in the supply chain to deliver a vaccine for a global pandemic,” she said.
Haier Medical did not return messages seeking comment.
Messages sent to the email addresses used by the hackers were not returned.
IBM said the bogus Haier emails were sent to around 10 different organizations but only identified one target by name: the European Commission’s Directorate-General for Taxation and Customs Union, which handles tax and customs issues across the EU and has helped set rules on the import of vaccines.
Representatives for the directorate-general could not immediately be reached for comment.
IBM said other targets included companies involved in the manufacture of solar panels, which are used to power vaccine refrigerators in warm countries, and petrochemical products that could be used to derive dry ice.
Who is behind the vaccine supply chain espionage campaign isn’t clear.
Reuters has previously documented how hackers linked to Iran, Vietnam, North Korea, South Korea, China, and Russia have on separate occasions been accused by cybersecurity experts or government officials of trying to steal information about the virus and its potential treatments.
IBM’s Zaboeva said there was no shortage of potential suspects. Figuring out how to swiftly distribute an economy-saving vaccine “should be topping the lists of nation states across the world,” she said.
...


64x64

UN Expert Calls On Mongolia To Adopt Law Protecting Human Rights Defenders www.scoop.co.nz

A UN human rights expert today called upon the Mongolian parliament to move forward with a ground-breaking law to protect people who stand up for human rights in the Central Asian country.
“Mongolia has a chance to be a regional leader, and I urge all parliamentarians to support this important law, which would make it easier for human rights defenders to continue their important work,” said Mary Lawlor, Special Rapporteur on the situation of human rights defenders.
The Human Rights Defender Law, drafted by the National Human Rights Commission of Mongolia with the support of civil society, was submitted to Parliament, the Great State Khural, in May, and should be on its agenda for discussion before mid-December. The law includes a definition of human rights defenders in line with international standards, and provides for their protection. It also foresees establishment of an independent body to prevent and respond to violations of their rights.
“I commend the submission of this law to the parliament, and I hope that all political parties will support it unanimously,” said Lawlor. “If enacted, this law would be the first of its kind in the region, and will send a strong signal of Mongolia’s commitment to human rights.”
...


64x64

Mongolia, Turquoise Hill force Rio Tinto into Oyu Tolgoi review www.mining.com

The Government of Mongolia and representatives of Canada’s Turquoise Hill (TSX, NYSE: TRQ) have set up a special board committee to conduct an independent review into the cost overruns and delays at the Oyu Tolgoi underground expansion flagged by Rio Tinto (ASX, LON, NYSE: RIO) last year.
Two of the commission’s four members were nominated by Turquoise Hill, Oyu Tolgoi’s majority shareholder, with another two chosen by Erdenes Oyu Tolgoi (EOT), Mongolia’s entity that owns the remaining 34% interest in the massive copper-gold-silver mine.
”The special committee has been charged with selecting and engaging an independent and reputable firm of experts in the field of project management, mine planning, cost management and other related fields,” the Mongolian government said in a separate statement.
Rio’s partners’ show of defiance, worked out late on Monday, comes amid threats of legal action from investors against the company for failing to meet the set cost and timeline for the mine expansion.
The world’s second-largest miner confirmed in July that its most important growth project would be delivered almost two years late and close to $1.5 billion over budget. Rio also lowered at the time its forecast for annual copper output at Oyu Tolgoi open-pit, citing coronavirus-related disruptions.
“Turquoise Hill fully supports our government partner, EOT, in securing an independent and objective review of the cost overruns and delays announced last year,” the company said on Tuesday.
“We believe [the move] is consistent with corporate governance best practices, ensures accountability and transparency and will ultimately serve the best interests of Oyu Tolgoi’s owners – EOT and TRQ – as well as our respective stakeholders,” the company added.
The dispute over funding the expansion’s sudden cost increase began heating up in early November when Turquoise Hill launched arbitration proceedings against the mining giant to get clarity on funding.
Rio Tinto has said it will not allow the Canadian miner, in which it holds a 51% stake, to take on more than $500 million in additional debt, and asked the company to fill up a funding gap of up to $3 billion by reprofiling loans and raising equity.
Minority investors in Turquoise Hill, including US hedge fund Pentwater Capital, oppose Rio’s attempts to force the Canadian miner to conduct an equity raise. The claim there are “much cheaper and more advantageous financing options” available to the company, such as streaming and bond financing.
They also worry about Rio growing its stake in Turquoise Hill through such an equity raising. Investors based this argument on the expectation that Rio would underwrite any shortfall created by minority Turquoise Hill shareholders who do not participate in the raising.
Troubles-plagued
Mongolia has complained about overruns in the past. Much of Oyu Tolgoi’s copper lies deep underground. When Rio finally kicked off the delayed project, profits from surface extraction were meant to pay for digging up more of the copper below.
With time, it became clear the underground mine alone would cost as much as a third more than the original $5.3 billion budget.
Mounting investor activism is just one of the may headaches Rio Tinto has had while building what would rank as one of the world’s three largest copper mines when operating at full capacity – now expected to be by 2025 at the earliest.
Oyu Tolgoi’s expansion cost blowout to hit up to $1.8 billion
The copper-gold mine is located in the South Gobi region of Mongolia, about 550 km south of the capital Ulaanbaatar.
The Mongolian government’s insistence on owning an equity stake in the mine and has also been a major obstacle for Rio to overcome.
A group of legislators recommended last year a review of the 2009 deal that launched construction of the mine. It also advised revoking a 2015 agreement allowing for the now ongoing underground expansion.
Mongolia’s parliament ended up approving a resolution in December last year, which reconfirmed the validity of all the Oyu Tolgoi mine-related agreements. The decision brought an 18-month-long review to a close.
The underground expansion of Oyu Tolgoi is Rio’s most important growth project. Once completed, it is expected to lift the mine’s production from 125,000–150,000 tonnes in 2019 to 560,000 tonnes at peak output.
...


64x64

Mongolian gov't reduces price of processed fuel by 50 pct amid pandemic www.xinhuanet.com

The Mongolian government on Wednesday decided to reduce the price of processed fuel by 50 percent amid the COVID-19 pandemic.
"Our people's livelihoods have been badly affected by the COVID-19 pandemic. Therefore, the government decided to reduce the price of processed fuel by 50 percent from Dec. 3 to April 1 in order to support the livelihoods of residents of ger areas of the capital city Ulan Bator during the pandemic," said Prime Minister Ukhnaa Khurelsukh.
The current price of processed fuel is 150,000 Mongolian tugriks (about 52.8 U.S. dollars) per ton.
Mongolia replaced low-grade coal with processed fuel in Ulan Bator in 2019 to curb air pollution. In other words, the processed fuel is currently used only in the capital city, which is home to over half of Mongolia's 3.2 million population.
Around 220,000 households live in Ulan Bator's ger (yurt, or round-shaped dwelling) districts, with no running water, central heating or sewerage systems, according to government data.
As of Wednesday, Mongolia has reported 812 COVID-19 cases, including 380 locally transmitted cases.
The Asian country's nationwide lockdown, imposed on Nov. 12 after reporting its first locally transmitted case, expired on Tuesday.
However, the Mongolian government has extended the lockdown in Ulan Bator and the provinces of Selenge and Arkhangai by 10 days until Dec. 11. Enditem
...


64x64

Mongolia reports 11 new COVID-19 cases www.montsame.mn

At the regular press briefing of the Ministry of Health today, December 2, A.Ambaselmaa, a head of Surveillance Department of the National Center for Communicable Diseases (NCCD), reported that the coronavirus was detected in 11 people after testing 12015 people within the past 24 hours.
Six new cases have been recorded in Ulaanbaatar city, three -- in Selenge aimag and two -- Orkhon aimag. No new infections recorded in Darkhan-Uul, Dornogobi, Gobisumber and Arkhangai aimags.
As of today, the number of confirmed cases of COVID-19 in Mongolia has reached 812, with 358 recoveries and 429 local transmission cases.
445 people are undergoing the treatment at the NCCD.
...


64x64

Boeing's updated 737 MAX completes first flight with media onboard www.reuters.com

DALLAS (Reuters) - Boeing Co’s 737 MAX staged its first post-grounding flight with media on board on Wednesday, as carriers seek to demonstrate to passengers that the redesigned jet is safe after a 20-month safety ban.
In another display of confidence, European budget airline Ryanair was set to place a hefty order for up to 75 additional 737 MAX jets, industry sources said.
Wednesday’s American Airlines 737 MAX flight was a 45-minute hop from Dallas, Texas, to Tulsa, Oklahoma. It comes weeks before the first commercial passenger flight on Dec. 29, and is part of a public relations effort to allay any concerns about the aircraft.
Boeing’s best-selling jet was grounded in March 2019 after two crashes in five months killed a combined 346 people, marking the industry’s worst safety crisis in decades and undermining U.S. aviation regulatory leadership.
Wednesday’s flight marked the first time anyone besides regulators and industry personnel flew on the MAX since the grounding, which ignited investigations focusing on software that overwhelmed pilots.
The mood on Wednesday’s flight, which included a Reuters reporter, was subdued. Some passengers mingled and chatted before landing, when applause broke out.
Reflecting the COVID-19 pandemic that has roiled commercial aviation, each of the roughly 90 journalists, flight attendants and other American Airlines employees on the flight wore face masks.
Boeing gets 737 MAX order boost from Ryanair: sources
“The history of aviation is built around a chain of safety,” Captain Pete Gamble told passengers just before takeoff. “When the chain of safety breaks it’s up to those of us in the industry to mend it and bring it back.”
Last month, the U.S. Federal Aviation Administration cleared the jet following design changes and new training.
A smooth return to service for the MAX is seen as critical for Boeing’s reputation and finances, which have been hit hard by a freeze on MAX deliveries as well as the coronavirus crisis.
Airlines and leasing companies have spent hundreds of billions of dollars buying the latest upgrade of the 737, the world’s most-sold passenger aircraft.
Lured by sharp discounts and anxious to help repair the MAX’s reputation around which they have built their fleet plans, some airlines are now stepping in to show commercial support.
Boeing is bracing for intense publicity from even routine glitches by manning a 24-hour “situation room” to monitor every MAX flight globally, and has briefed some industry commentators on details on the return to service, industry sources said.
“We are continuing to work closely with global regulators and our customers to safely return the fleet to commercial service,” a Boeing spokesman said.
Brazil’s Gol Linhas Aereas Inteligentes is planning a media event for the redesigned MAX this month.
The PR efforts are designed to highlight software and training upgrades which the FAA has said remove any doubt about the plane’s safety.
But crash victims’ family members have protested the return to service, saying it is premature before a final investigative report on the second crash in Ethiopia has been released.
Boeing toned down its original plans for the plane’s return as the crisis dragged on longer than it expected - scrapping a high-profile publicity campaign, a ceremony in the Seattle area and a tour using an Oman Air 737 MAX, industry sources said.
United Airlines is expected to receive the first Max delivery since the grounding, a person familiar with the matter said.
Reporting by Tracy Rucinski in Dallas, Texas; Additional reporting by Marcelo Rochabrun in Sao Paulo, Tim Hepher in Paris; Writing by Eric M. Johnson in Seattle; Editing by David Evans, Matthew Lewis and Gerry Doyle
...


64x64

China coking coal surges as covid throttles Mongolia border www.bloomberg.com

Coking coal prices in China have soared to a four-year high after a new covid-19 outbreak slowed border crossings from Mongolia.
Trucks carrying coal across the border have fallen by about 80% since October amid efforts to control the virus as hundreds of new cases arise in Mongolia, according to analysts with Hexun Futures. The slowdown comes after China barred imports from its other top coking coal supplier, Australia.
“The sharp rise in coking coal is mainly related to the sharp drop in Mongolian coal customs clearance,” Hexun analysts said in the Dec. 1 note. “At the same time, coal mine safety supervision is tightening and the import of Australian coal is still restricted.”
Coking coal futures in Dalian rose 4.1% Wednesday to 1,535 yuan a ton, the highest for the most-active contract since November 2016. The fuel is a key ingredient for China’s world-leading steel industry.
Border traffic is being slowed as customs officers in both Mongolia and China administer health checks to truck drivers hauling coal from pits in the Gobi desert. It’s the second key disruption this year for Mongolia’s coal shipments to China after a six-week halt in February and March.
Mongolia’s GDP for the first three quarters of 2020 declined 7.3% from the previous year, largely as a result of a weaker mining sector. Coal exports through the end of October were 36% lower than in the same period in 2019.
The disruptions on the Mongolian border come after China banned steel mills and power companies from purchasing Australian coal amid souring ties between the two nations.
(By Dan Murtaugh and Terrence Edwards)
...


64x64

BoM purchases 1.7 tons of precious metal in November www.montsame.mn

Ulaanbaatar /MONTSAME/ In November 2020, the Bank of Mongolia (BoM) purchased 1.7 tons of precious metal. Thus, total amount of precious metal purchase has reached 21 tons since the beginning of this year, showing an increase of 6.5 tons compared to the same period of previous year.
19.3 tons of the total purchased precious metal were gold and 1.7 tons were silver.
The BoM branches in Darkhan-Uul and Bayankhongor aimag bought 106.5 kg and 98.7 kg of precious metals respectively in November, bringing total amount to 1.8 tons.
The average price of BoM’s purchase of 1 gram of gold was MNT 170,810.51 in November.
...


64x64

Mongolia benefits from conflict between China and Australia www.news.mn

China’s coking coal imports fell to a five-month low in October, hit by slowing Australian arrivals following an unofficial ban on coal imports from the country that was imposed in early October.
China imported 5.89 million tonnes of coking coal in October, down by 12.4 percent from 6.72 million tonnes in September but up by 3.5 percent from a year earlier, according to Chinese customs data.
Australian imports fell by 21 percent from a year earlier and by 23 percent from September to 1.53 million tonnes in October, the lowest level in 2020. China warned its state-owned steelmakers and power plants to stop importing Australian coal with immediate effect in early October, injecting more uncertainty into spot markets that had anticipated eased restrictions into 2021.
Imports from Mongolia rose by 14 percent in October from a year earlier to 3.26 million tonnes but fell by 16pc from a record high of 3.89 million tonnes in September. Mongolian imports declined for the first time since the border reopened from late March, as a resurgence of Covid-19 cases closed some parts of the highway.
Canadian imports more than doubled from a year earlier to 405,000 tonnes in October. Chinese mills have been seeking alternatives to Australian coal amid the import ban, particularly the premium low-volatile grade that can be matched by US and Canadian coals. Shipments from Russia also increased, rising by 20 percent from a year earlier to 650,000 tonnes.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook