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

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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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Hubei's thank-you tea departs for Mongolia www.xinhuanet.com

WUHAN, Dec. 23 (Xinhua) -- Central China's Hubei Province, once hard-hit by COVID-19, started shipping local tea to Mongolia on Wednesday as gifts in appreciation of their previous donation of sheep in support of China's COVID-19 fight.
The tea, made up of three local brands, is expected to arrive at the China-Mongolia border port of Erenhot, Inner Mongolia Autonomous Region, on Dec. 25.
"The Mongolian people have a custom to use tea bricks for making milk tea, and Hubei has a long history of exporting tea to the country," said He Gongwei, an executive from a local tea manufacturer. "Using tea as a gift represents the long, extended friendship between us."
Some of the tea packaging has Mongolian elements such as the yurt in the designs, according to the manufacturers.
Mongolian President Khaltmaa Battulga visited China in February when China's COVID-19 battle was in a critical stage, and promised to send 30,000 sheep as a token of support.
The first batch of over 11,000 sheep arrived in Wuhan in late November after being slaughtered. The Hubei government decided to deliver part of the mutton to medical workers in Hubei who had contributed to the COVID-19 fight. Enditem
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Canada's Turquoise Hill considers gold streaming, debt funding for Mongolian mine www.reuters.com

(Reuters) - Canadian miner Turquoise Hill Resources Ltd said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its Oyu Tolgoi copper and gold project in Mongolia.
The streaming transaction would involve “a significant up-front payment” to Oyu Tolgoi, as well as deferred payments based on gold “spot” prices, Turquoise Hill said.
Streaming is a type of alternative finance that generally involves an upfront payment by the streamer to a miner, which repays the loan by supplying metal at a later date.
The potential transaction will be in exchange for deliveries to one or more streamers of an agreed portion of gold produced from the Oyut deposit, the company added.
It was also considering one or more offering of global medium-term debt by Oyu Tolgoi with a tenor of at least 10 years. It would require Oyu Tolgoi to make a “bullet” repayment of the principal at maturity.
“We will now focus on finalising terms for a streaming transaction as soon as possible, and on completing preparations necessary for a potential inaugural offering of (global medium term notes/bonds) later in 2021,” Chief Financial Officer Luke Colton said.
The Oyu Tolgoi deposit in south Mongolia is jointly owned by Rio Tinto-controlled Turquoise Hill and the Mongolian state.
Reporting by Shubham Kalia in Bengaluru; Editing by Rashmi Aich
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“Mongolia ready to intensify talks on Oyu Tolgoi project issues” www.montsame.mn

Ulaanbaatar /MONTSAME/. On December 18, representatives of the Mongolian government’s working group in charge of ensuring the implementation of State Great Khural’s 2019 resolution No. 92 held an online meeting with Jakob Stausholm, new chief executive of Rio Tinto to discuss current situation and issues concerning Oyu Tolgoi gold and copper project.
The meeting was attended by L.Oyun-Erdene, Chief of Cabinet Secretariat, and head of the working group, Minister of Mining and Heavy Industry G.Yondon and other high-level officials, representing the government of Mongolia.
From Rio Tinto, Arnaud Soirat, CEO of Copper & Diamonds at Rio Tinto, Elias Scafidas, Chief Financial Officer of Copper & Diamonds, Arshad Sayed, Chief Development Officer of the Copper & Diamonds, Amarjargal Khenchbish, Rio Tinto Mongolia LLC Deputy Director and other officials were present at the meeting.
As noted in the press release by the Cabinet Secretariat of the Mongolian government, the working group has forwarded several proposals to increase the benefits Mongolia to receive from Oyu Tolgoi project and revise and improve agreements for the project, and has launched talks within the framework of the parliament’s resolution No. 92.
“Due to issues surrounding Rio Tinto’s destruction of a 46,000-year-old cultural heritage site in the expansion of an iron ore mine in Australia, the negotiations had come to a standstill” the press release says.
“Given the effective date of Jakob Stausholm’s appointment from January 1, 2021, the working group has expressed willingness to move forward with the negotiations.”
Voicing his concerns with the cost overruns in the development of Oyu Tolgoi underground mine as well as decline in the project benefits, Minister Oyun-Erdene affirmed the necessity to increase project’s benefits to Mongolia and improve relevant agreements and, if it is required, to terminate the Oyu Tolgoi Underground Mine Development and Financing Plan, known as ‘Dubai Agreement’.
The government working group has previously put forward to the investor side to review the implementation of Oyu Tolgoi agreements. Following the proposal, a board of directors of Oyu Tolgoi LLC approved a resolution on November 30, 2020 to establish a special committee mandated to conduct an independent review of the causes of the cost overruns and delays to the Oyu Tolgoi underground development.
Rio Tinto expressed its readiness to resolve any issues through dialogues and consensus and to introduce certain proposals aimed at increasing Mongolia’s benefits from the project while achieving mutually beneficial cooperation.
"The working group of the government of Mongolia is working to intensify talks on the Oyu Tolgoi project" the press release says.
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Mongolian leader barred from selling £11m London flat www.thetimes.co.uk

The High Court has ordered that an £11 million London flat believed to be owned by the former prime minister of Mongolia cannot be sold or transferred during an international £185 million corruption and money-laundering investigation.
Sukhbaatar Batbold, the prime minister of Mongolia between 2009 and 2012, has been accused of receiving hundreds of millions of dollars from kickbacks in illegal deals involving the nation’s two largest mines.
Judge Mark Pelling, QC, granted the freezing injunction on the flat within the Knightsbridge Apartments block on November 18.
Located between Harrods and Hyde Park, the Knightsbridge is a 201-flat complex developed by Henry Cheng, the Hong Kong property tycoon, in 2005.
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China-Europe train brings Russian barley to Sichuan www.xinhuanet.com

CHENGDU, Dec. 21 (Xinhua) -- A total of 1,200 tonnes of Russian barley arrived on Monday in Chengdu, capital of southwest China's Sichuan Province. It is the first time barley has been imported via the China-Europe train service from Russia to Sichuan.
The train departed from Novosibirsk and arrived in Chengdu in approximately 10 days. The batch of Russian barley will be used as a raw material for deep processing and will be further sold to markets in Mianyang, Nanchong and other places in Sichuan.
"Sichuan has been developing the intensive processing of grain and other agricultural products and thus has a huge demand for quality produce. This 'barley train' has expanded our import channels and our second train will depart by the end of the year," said Chen Mingqian with the Jiayuantongyang Commercial and Trading Co., Ltd, the importer.
Chengdu has been promoting imports of farm products such as wheat, rice, flaxseed and sunflower seed oil from markets including Russia, Southeast Asia and Central Asia to ensure the domestic grain supply security, according to the administrative committee of the Chengdu International Railway Port. Enditem
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Apple’s shares surge on reported plans to launch self-driving electric car in 2024 www.rt.com

Reported efforts by Apple to get into the automotive market and make a passenger vehicle that features its own battery technology boosted the iPhone maker’s stock more than four percent after markets opened on Tuesday.
Apple’s stock was trading above $134 per share shortly after the opening bell on Wall Street. If the rally continues until the end of the trading session, the company’s market cap could jump by around $60 billion.
Investor sentiment was driven by the news that the two-trillion-dollar tech giant is moving forward with its plans to build a vehicle for the mass market, Reuters reported citing two people familiar with the matter. The car, which is part of what is known as Project Titan, is reportedly set to have a new battery design which could significantly cut the cost of batteries and increase the vehicle’s range.
While the report signaled that production is scheduled to start in four years, some of the sources told Reuters that the coronavirus pandemic may push it back to 2025 or beyond.
Some other companies have also benefited from investor excitement. While the report named neither the possible assembler of the car nor any prospective suppliers to Apple, shares of two companies – Velodyne and Luminar – saw two-digit growth on Monday. The firms make lidar sensors that help self-driving cars get a three-dimensional view of the road.
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Is Australia’s Loss Mongolia’s Gain? www.mongoliaweekly.org

Towards the end of each year, China's coal imports decline, only to restart with vigor early the next year. This slowdown, officially blamed on customs clearance issues, has happened for the past two years. This official explanation has shown a remarkable regularity at the end of the year when China has mostly satisfied its domestic need for coal.
In both 2018 and 2019 around November, a line of coal trucks kilometers long would sit at Mongolia's southern border with China in below-freezing temperatures waiting to be processed.
An Australian coal miner said they believed Australian coal imports were simply being delayed until January. Yet this year seems to be different. The recent trade spat between China and Australia has resulted in China eliminating clearance restrictions from several countries, except for Australia. And in December, more reports surfaced that China banned Australian coal in breach of WTO rules.
Since July, Mongolia's coal export has been ramping up and trying to make up ground that it lost due to coal exports dipping to near zero in March.
Mongolia's Finance Ministry stated in 2019 that mining revenues made up 27% of the state budget. In addition, prior to just a few days ago Mongolia might have been looking at a hard slowdown of customs clearance for coal exports at the border in November.
While the spat between Australia and China would be seen to be an opportunity for Mongolia, it is important to keep in mind the type of coal that Mongolia predominantly exports to China.
Nevertheless, for the past few years, Mongolia has been running up against China’s de facto coal quotas.
With Australia sidelined, Mongolia has a significant opportunity to ramp up coking coal exports.
In 2019 Mongolia’s share of coking coal exports hovered around 50% of China’s total import. In 2020 Australia filled the gap left by Mongolia and in March accounted for nearly 80% of China’s coking coal imports.
Now it is Mongolia’s turn to fill the gap. If Australian coal imports remain stranded at sea, Mongolia could increase coking coal exports significantly in the near term.
Challenges remain for Mongolia. Currently, coal is still trucked to China, and the under-construction Tavan-Tolgoi Gashuunsukhait railroad is scheduled to be completed in 2022. This railroad will improve margins by reducing transportation costs and speed customs clearance, which will result in higher revenues and increase exportability.
Until then, the main bottleneck is still customs clearance with China.
The recently opened “green channel”, which optimizes clearance of cross-border freight and related personnel, has been said to help. Yet due to the recent outbreak of COVID-19 in Mongolia, China insisted truck drivers entering the country be tested before being allowed to cross the border (almost 12,000 truck drivers were tested for Covid).
Currently, there is a big opportunity in front of Mongolia, and we will see early in 2021 if it can take advantage of it.
By Robert Ritz: Based in Ulaanbaatar, Mongolia, Robert Ritz is a data scientist and a director of English-language LETU University in Mongolia.
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PetroChina makes HUGE gas find www.rt.com

PetroChina discovered a natural gas field with reserves in excess of 100 billion cubic meters, Chinese states news agency Xinhua reported this weekend.
The agency cited a company official who said the field could produce 610,000 cubic meters of gas plus 106.3 cubic meters of crude oil daily.
"The discovery marks a major breakthrough in gas exploration in the southern rim of the Junggar Basin, which will further guarantee the gas supply of our company and contribute to the stability and prosperity of the region," Huo Jin, general manager of PetroChina's unit in the northwestern province of Xinjiang, said.
Last week, another subsidiary of PetroChina reported growing natural gas production this year, as Beijing aims for a greater share of domestic production in its gas consumption.
Southwest Oil and Gasfield Company said it had produced some 30 billion cubic meters of natural gas since the start of the year and expected the annual total to reach 31.6 billion cubic meters. This will represent a sixth of China's total natural gas output. By 2025, the company plans to boost this to 50 billion cubic meters per year.
China is one of the world's largest natural gas importers, and as demand for the fuel soars, so do imports.
Back in 2010, imports accounted for just 15 percent of China's natural gas supply. By 2018, the share of imports in the country's gas supply surged to nearly half—45 percent—of the total supply. As consumption has been vastly outpacing domestic natural gas production, China has been looking for three years to raise its own production.
This has prompted Beijing to double down on its efforts to expand domestic production, including both conventional and unconventional reserves. As a result of these efforts, Rystad Energy reported recently, China will become the top market for seismic exploration onshore over the next two years, while exploration activity remains subdued elsewhere in the world.
This article was originally published on Oilprice.com
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Russia’s Putin signs bill giving ex-presidents lifetime immunity www.aljazeera.com

President Vladimir Putin has signed a law granting former Russian presidents expanded immunity from prosecution and allowing them to become senators for life in the upper house of Parliament once they leave the Kremlin.
The new law follows sweeping reforms of Russia’s political system initiated by Putin this year. Among other things, it allows him to run for two more six-year terms in the Kremlin if he chooses.
Putin orders start of Russia’s mass COVID vaccination programme
The legislation was part of constitutional amendments that were approved this summer in a nationwide vote that allowed Putin to remain president until 2036. He would otherwise have had to step down in 2024.
The reforms are being parsed for clues as to what Putin, 68, may do at the end of his current term, which is his second consecutive term and his fourth overall.
Former presidents were already entitled to immunity from prosecution for crimes committed while in office, but the new law grants them lifelong immunity and says they cannot be arrested, searched, questioned or prosecuted.
The new legislation also makes it harder to revoke a former president’s immunity.
Among other things, the process involves the upper house of Parliament voting overwhelmingly to revoke it on the strength of accusations by the lower house that the president has committed treason or another serious crime.
The other laws signed by Putin allow presidents to name up to 30 senators to the Federation Council, Russia’s upper house, and to join the Council themselves once they have left office.
On Tuesday, the lower house State Duma also passed legislation making information about employees of Russia’s judicial system, law enforcement and regulatory and military bodies confidential.
The bill now requires Putin’s signature to become law, a step that is considered a formality.
It comes a day after opposition figure Alexey Navalny said he telephoned an alleged security agent and tricked him into admitting the Federal Security Service (FSB) tried to kill him in August by poisoning.
Navalny said he had gained access to the security agent’s phone number from leaked logs and travel records.
The Kremlin critic later published the agent’s alleged address and phone number, actions that would become illegal under the newly proposed legislation.
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Mongolia's COVID-19 cases surpass 1,000 www.xinhuanet.com

Mongolia reported a total of 13 new COVID-19 infections in the last 24 hours, bringing its total confirmed cases to 1,006, according to the country's National Center for Communicable Diseases (NCCD) on Tuesday.
The latest confirmed cases were locally transmitted or patients being hospitalized at the capital city's Bayanzurkh District General Hospital, their family members and health workers of the hospital, said Amarjargal Ambaselmaa, head of the NCCD's Surveillance Department, at a press conference.
A total of 563 domestically transmitted cases of the virus have been reported across the country so far, according to the NCCD.
The Mongolian government on Monday decided to reimpose lockdown measures in Ulan Bator starting Wednesday to Jan. 6, 2021, to curb resurging local COVID-19 cases.
The Asian country's first round of local transmissions was detected in early November, when a woman tested positive after her husband returned from Russia.
The incident triggered a nationwide lockdown that was later extended in Ulan Bator and provinces of Selenge and Arkhangai until Dec. 11.
The country has recorded 541 recoveries and no deaths so far. Enditem
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