Events
Name | organizer | Where |
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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK | MBCCI | London UK Goodman LLC |
NEWS

Mongolia to learn Swiss experience of tourism www.montsame.mn
Ulaanbaatar/MONTSAME/. On September 3, Minister of Environment and Tourism D.Sarangerel met with Head of Cooperation, Swiss Cooperation and Consular Agency in Mongolia Ph.D Stefanie Burri and discussed the present state of cooperation between the two countries and opportunities for further expansion to a new level.
Cooperation between the two countries began in 2002 with humanitarian work, and today the countries co-work in many areas, including transboundary water issues, agriculture, waste, air pollution, and climate change.
Ph.D Stefanie Burri said that at the meeting she would like to exchange views on how to expand cooperation over the next four years and on the possibilities to bring it to a new level because they intend to conclude bilateral cooperation from 2024 and bring it to a partnership level or at the same level of participation. By doing so, the parties can resolve together and work for mutual benefits. In addition to implementation of projects and programs in countries, the agency conducts regional research on agriculture, transboundary water management and other issues and it intends to include Mongolia in it, informed Ms.Stafanie Burri.
For her part, Minister D. Sarangerel expressed gratitude for cooperation with SDC in numerous areas and supporting each other’s initiative at the international level. “Of them, education for sustainable development is a priority. I would like to emphasize that there is an urgent need to pay attention to the education of citizens, especially children, and to cultivate a love for the motherland and a good attitude towards nature. Moreover, Mongolia has defined tourism as an economic priority. In this context, we are working to ensure preparations in tourism during the time of the Covid-19 pandemic. Switzerland is a wonderful tourist destination. Therefore, we want to learn from the experience and organize online conferences,” said Ms. Sarangerel.

SEC to examine Rio Tinto whistleblower claims over Oyu Tolgoi www.reuters.com
The U.S. Securities and Exchange Commission is examining claims from a whistleblower that Rio Tinto was aware of problems at its underground copper mine extension project of Oyu Tolgoi in Mongolia months before the miner confirmed the project would face delays and higher costs, the Financial Times reported on Sunday.
The SEC is probing allegations made by Richard Bowley, a British national who worked for the company’s copper business in Mongolia between 2017 and 2019, the newspaper said, citing people with knowledge of the situation.
The U.S regulator has not yet decided to launch an investigation, the newspaper added.
In July, Rio Tinto said it cut estimated reserves at its underground copper mine extension of Oyu Tolgoi and confirmed it would face delays and higher costs after ground instability forced it to redesign the mine plan.
Oyu Tolgoi (OT) is Rio’s biggest copper growth project but has faced geological challenges.
The SEC was not immediately available for Reuters‘ request for comment.
(By Sabahatjahan Contractor; Editing by Andrea Ricci)

Ex-World Bank head Robert Zoellick: ‘The world could look like 1900 again’ www.bbc.com
The former head of the World Bank has warned the world could look like it did in 1900 if countries don’t work together to tackle the current crisis.
Robert Zoellick pointed to the rift between the US and China as a serious threat to the global economic recovery.
Mr Zoellick, one of America’s most senior public officials, has advised six US presidents during his career.
He told the BBC co-operation was “the only way the global economy will emerge from the recession”.
Mr Zoellick, who was also the US deputy secretary of state, said his biggest concern was the escalating tensions between the US and China.
“I think [the relationship] is in freefall today and I don’t think we know where the bottom is, and that is a very dangerous situation," he told the BBC’s Asia Business Report.
Mr Zoellick warned that “the world could look more like the world of 1900 when the great powers were in competition” if countries start to pull back from globalisation and pursue nationalist interests.
Financial crisis
Mr Zoellick served as the president of the World Bank between 2007 to 2012, the years that encompassed the global financial crisis.
As the head of the organisation he worked closely with the International Monetary Fund and world governments to tackle the financial meltdown.
“The 2008-09 financial crisis was a very serious event but we had the G20, [and] central banks co-operating. President Bush and then President Obama were part of international efforts with [then UK prime minister] Gordon Brown," he said.
“Frankly, even China had a very strong stimulus programme and also co-operated in various ways. We don’t have that sense of co-operation today.”
Mr Zoellick called for the US to work closely with China in finding a solution to the pandemic, rather than "indicting them for it”.
Trump 'flawed'
The person he blames for causing much of the damage is US President Donald Trump.
Mr Zoellick served under previous Republican Presidents George W Bush and George H W Bush. But he is clear about his dislike for the current Republican in office.
“I’ve been opposed to Trump from the start... not only because of his policy positions but also because of what I think are flaws in his character.
“I was worried about what he would do with institutions and the constitution and we’re seeing that borne out, and in the pandemic, we’re seeing another dimension, which is a question of competence.”
He believes that President Trump’s scepticism about US alliances and protectionism has added to Asian anxieties at a time when China’s power is starting to overshadow the region.
It is a topic he explores in his new book America in the World: A History of US Diplomacy and Foreign Policy.

China’s yuan to become world’s third-largest reserve currency behind dollar & euro – Morgan Stanley www.rt.com
With Beijing pushing for greater use of the yuan internationally, the Chinese currency could rise to the status of the world’s third-largest reserve currency in 10 years, according to a forecast by Morgan Stanley.
The share of the yuan in global foreign exchange reserve assets could more than double from its current level of two percent and surpass the share of the Japanese yen and the British pound, the bank’s analysts said in a report released on Friday, cited by CNBC.
According to their estimates, the Chinese currency, officially known as the renminbi or RMB, could reach five to 10 percent of reserve assets by 2030.
“[This target] is not unrealistic in light of the financial market opening in China, the growing cross border capital market integration we see across equities and fixed income and an increasing proportion of China’s cross-border transactions being denominated in RMB,” Morgan Stanley international strategist James Lord said.
All of this suggests global central banks will need to hold more RMB as part of their reserves.
The bank has not changed its positive outlook for the yuan despite the impact of the coronavirus pandemic on the Chinese economy as well as the rest of the world. The latest forecast confirms an earlier one made by the bank at the beginning of last year. More and more central banks worldwide have been gradually stockpiling yuan in their coffers. According to Morgan Stanley, at least 10 regulators added the currency to their forex reserves last year, with the total number of holders reaching 70.
International Monetary Fund (IMF) data shows that the renminbi share in global reserves has doubled since it was included in the IMF’s basket of major reserve currencies in October 2016. Back then, the share of the yuan amounted to one percent, and now it stands at 2.02 percent. Its main rivals – the yen and the British pound – have a 5.7 percent and 4.43 percent share respectively. The US dollar accounts for almost 62 percent of global forex holdings and the euro for over 20 percent.
While some analysts noted that the yuan is not going to unseat the dollar from the leading position anytime soon, other forecasts signaled that the greenback has been losing its grip on global markets. Earlier this year, Goldman Sachs strategists warned that there are “real concerns around the longevity of the US dollar as a reserve currency.”

How China's new language policy sparked rare backlash in Inner Mongolia www.cnn.com
(CNN)Ethnic Mongolian students and parents in northern China have staged mass school boycotts over a new curriculum that would scale back education in their mother tongue, in a rare and highly visible protest against the ruling Communist Party's intensified push for ethnic assimilation.
Under the new policy, Mandarin Chinese will replace Mongolian as the medium of instruction for three subjects in elementary and middle schools for minority groups across the Inner Mongolia Autonomous Region, home to 4.2 million ethnic Mongolians.
Authorities have defended the adoption of a national standardized curriculum -- which comes with Chinese textbooks compiled and approved by policymakers in Beijing -- will improve minority students' paths to higher education and employment.
But parents fear the move will lead to a gradual demise of the Mongolian language, spelling an end for the already waning Mongolian culture.
To critics, the policy bears a chilling resemblance to measures rolled out in the regions of Tibet and Xinjiang, where Mandarin has replaced ethnic minority languages as the instruction language in most schools. It also reflects a shift in the Party's policy towards more aggressive assimilation under President Xi Jinping, as evident in the harsh crackdown on the mostly Muslim Uyghur minority in Xinjiang.
This week, as students across China returned to classrooms for the new school year, many ethnic schools in Inner Mongolia remained empty as parents refused to send their children back, according to residents and videos circulating online.
"We Mongolians are all against it," said Angba, a 41-year-old herder in Xilin Gol League whose 8-year-old son has joined the boycott.
"When the Mongolian language dies, our Mongolian ethnicity will also disappear," the father said. As with the other Mongolian residents who spoke to CNN for this article, Angba requested to use a pseudonym over fear of repercussions from authorities for speaking to foreign media.
Videos shared with CNN by overseas Mongolians and rights groups appear to show crowds of parents gathering outside schools -- sometimes singing Mongolian songs -- under the close watch of police officers, demanding to bring their children home. In one video, students in blue uniforms topple metal fences blocking a school entrance and rush outside. In another, rows of schoolchildren throw their fists in the air and shout: "Let us Mongolians strive to defend our own Mongolian language!" CNN is unable to independently verify the videos.
But the opposing voices have spread far beyond students and parents. According to residents, overseas Mongolians and rights groups, Mongolians across the region from musicians to members of the local legislature have allegedly signed petitions calling for the regional government to rescind the policy.
On Thursday alone, some 21,000 signatures were collected from residents in 10 counties, forming 196 petitions to the regional government's education bureau, according to an overseas Mongolian scholar who has been in close touch with local residents. In the regional capital of Hohhot, over 300 employees at a prominent regional television station also signed the petition, said the scholar, who has requested anonymity due to sensitivity of the issue.
On Weibo, China's version of Twitter, some ethnic Han users have spoken out in sympathy of Inner Mongolia's plight to protect its mother tongue. Some citizens in the neighboring country of Mongolia have also protested in solidarity.
A staff member at the Inner Mongolia regional government wouldn't comment when reached by phone by CNN on Thursday.
A readout of a regional government meeting on Tuesday said the rolling out of standardized textbooks shows "the loving care of the Party and the state towards ethnic regions" and benefits "the promotion of ethnic unity, the development and progress of ethnic regions, and the building of a strong sense of community for the Chinese nation."
On Thursday, China's foreign ministry dismissed reports of the protests in Inner Mongolia as "political speculation with ulterior motives."
"The national common spoken and written language is a symbol of national sovereignty. It is every citizen's right and duty to learn and use the national common spoken and written language," spokesperson Hua Chunyin said.
"Model minority"
The boycotts and petitions are a rare show of open discontent among ethnic Mongolians, hailed by some as one of China's "model minorities" that have been largely pacified and successfully integrated into the ethnic Han majority.
Mongolians are one of only two ethnic minorities to have ruled imperial China. In the 13th century, the Mongol Empire arose from the unification of several nomadic tribes in the Mongolian steppes to conquer much of Eurasia -- including China, where it was known as the Yuan Dynasty (from AD 1271 to 1368).
After World War II, the Chinese Communist Party gained control of Inner Mongolia, a vast strip of grassland and desert to the southeast of the country of Mongolia, and established the Inner Mongolia Autonomous Region in 1947 -- the first of five so-called autonomous regions in the People's Republic of China.
Following decades of Han migration and intermarriage into Inner Mongolia, ethnic Mongolians have since become a minority in their own land, accounting for only about one sixth of Inner Mongolia's population of 24 million, according to the last available census data.
However, unlike autonomous regions such Tibet and Xinjiang, Inner Mongolia has largely avoided violent ethnic unrest in recent decades.
"Inner Mongolia is not against the Chinese government -- it is a relatively stable place," said Tala, a 26-year-old Mongolian who grew up in the region and now lives overseas.
"But even so," he said. "We've been pushed to the brink."
Under the surface, tensions have been running for years, especially between Han settlers and Mongolian herders, who complained their traditional grazing lands have been ruined by a coal mining boom.
That conflict was laid bare in 2011, when a Mongolian herder was struck and killed by a coal truck driven by Han Chinese. The herder, protesting against the coal mining activity, had tried to stop trucks from crossing into his traditional pastureland. His death triggered thousands of Mongolians to take to the streets -- the last time major protests broke out in the region.
Mongolian activists also lamented the loss of their pastoral tradition. Herders were moved from their homes on the prairies into new housing complexes in towns under "ecological migration," a decades-long relocation program that officials say is aimed at alleviating poverty and easing overgrazing.
"The Mongolian way of life (has already been) wiped out by so many policies," said Enghebatu Togochog, director of the Southern Mongolian Human Rights Information Center, a New York-based advocacy group.
"This new policy is the final blow to the Mongolian identity," he said of the curriculum change.
"Bilingual education"
As discontent threatens to boil over, Inner Mongolian authorities have sought to reassure parents that the change will only apply to language and literature, politics, and history over a staggered three-year period. Other subjects -- as well as the number of hours for Mongolian-language lessons -- remain unchanged, according to a statement from the education bureau of the regional government.
"Therefore, the current bilingual education system has not changed," the statement said.
However, some ethnic Mongolians also fear that Mongolian will eventually be replaced by Mandarin in all subjects.
Critics of China's assimilation policy say Mongolians only need to look at the ethnic minority regions of Xinjiang and Tibet to get a glimpse of what the future might hold.
Students walk past a portrait of China's late Chairman Mao Zedong at a bilingual middle school for Uyghur and Han Chinese students in Hotan, Xinjiang in 2006.
Students walk past a portrait of China's late Chairman Mao Zedong at a bilingual middle school for Uyghur and Han Chinese students in Hotan, Xinjiang in 2006.
Both regions have implemented "bilingual education" for years, but in practice, the system skews heavily toward Mandarin teaching, according to rights groups. Across Xinjiang, Mandarin had become the instruction language in all primary and middle schools by September 2018. Tibetan is also being replaced by Mandarin as the primary medium of instruction in Tibet.
"We should implement bilingual education in some ethnic areas, both requiring ethnic minorities to learn the national common language, and encouraging Hans living in these areas learn ethnic minority languages," Xi said at a high-level Party meeting on ethnic policy in 2014.
"If ethnic minorities learn the national common language well, it will be beneficial to them in employment, in accepting modern scientific and cultural knowledge and in integration into society."
In reality, however, few Hans in ethnic minority regions know the local languages, which they are not required to learn at school, residents say.
"As in Xinjiang and Tibet, the Chinese authorities appear to be putting political imperatives ahead of educational ones," said Sophie Richardson, China director at Human Rights Watch. "Chinese authorities should be focused on providing genuine bilingual education, not undermining it and persecuting its proponents."
For decades, Inner Mongolia's model of bilingual education has allowed Mongolian to be used as the language of instruction and Mandarin taught as a subject. In ethnic minority schools, students used to receive their first Mandarin lesson in the third year of elementary school, but since at least the 1990s, it has started earlier, in the second grade.
And now, it will be taught in the first year, in Mandarin, and with more advanced content.
Angba, the herdsman in Xilin Gol, said by the first grade, many children haven't even properly learned their mother tongue yet, and adding another language would be a big burden.
In Inner Mongolia, many children only begin to properly learn the Mongolian script -- a unique alphabet written vertically that ultimately derives from the Middle East -- when they enter elementary school.
"Now, Chinese is already spoken everywhere in cities as well as pastoral areas," he said. "So I hope school can be the place where (the children) learn Mongolian properly."
For its part, the regional government has emphasized that the new curriculum is a policy decision made by the Party's central leadership.
"Our region is a model autonomous region, firmly implementing this policy is a major political task that we must fulfill," it said in the meeting on Tuesday.
According to the overseas Mongolian scholar, however, parents are not against the use of standardized national textbooks -- as long as they're translated into Mongolian. In fact, she said the curriculum previously used in Mongolian-medium schools had all been translated from Chinese textbooks used in other parts from the country.
"The (old) education system has worked very well," said the scholar, who grew up in Inner Mongolia and attended Mongolian-language schools in the countryside.
"The children don't have any problem speaking Mandarin ...They're already bilingual."
Generational shift
Some experts have noted that the new education policy is part of a broader, generational shift of ethnic policy in China, which is veering from the Soviet model of ethnic autonomy to a more monocultural model.
Under the old Soviet model adopted at the founding of Communist China and written into its constitution, ethnic minorities are meant to be granted a degree of autonomy in designated regions to run their own affairs and preserve their language and culture.
But in practice, critics say it is the Hans who have the real say and hold key positions. And in places like Tibet and Xinjiang, ethnic language, culture and religion have come under increasing restrictions.
That shift has accelerated under Xi, who has unleashed a heavy-handed crackdown in Xinjiang, where US officials say up to two million Uyghurs have been detained in internment camps where they are forced to denounce Islam and learn Mandarin Chinese. Uyghur activists have accused the campaign of "cultural genocide."
And now, some ethnic Mongolians worry that Inner Mongolia will be the next in line for the so-called "second generation of ethnic policy."
"It's not at all promoting ethnic harmony," said the overseas Mongolian scholar. 'It is creating much more trouble than promoting harmony. It's really counter effective."
Togochog, the New York-based activist, said people in Inner Mongolia are merely defending their legal rights guaranteed in the constitution and the regional ethnic authority law. The Chinese constitution says "all nationalities have the freedom to use and develop their own spoken and written languages."
"People are merely pushing the government to fulfill (its) own promise," Togochog said. "They are not saying 'we want to overthrow CCP rule' or 'we want independence.' They didn't even mention human rights...(all) they want is to save their language."
But coercion and intimidation have already kicked in, according to residents.
Qiqige, a 38-year-old mother in Xilinhot, said some chat groups of Mongolian parents on WeChat, China's popular messaging app, have been shut down, and authorities last month blocked Bainu, a Mongolian-language social media site.
She said police have detained some protesters, and Party members and civil servants have been told to send their children back to school or risk losing their jobs. Some parents have already bowed to pressure, she added.
At the meeting on Tuesday, the regional government ordered officials and teachers to "proactively promote the policy to students, parents and the public, and dispel their concerns and misgivings" to "ensure students return to schools as normal."
On Wednesday, the public security bureaus in several districts of Tongliao city in eastern Inner Mongolia released wanted lists of people accused of "picking quarrels and provoking troubles" -- a charge routinely used by the Chinese government to suppress dissent, with individual photographs showing them in crowds or gatherings. Some photos appear to show parents outside schools, and some wanted lists specifically mentioned that the incidents happened outside schools. In Horqin district, the list has so far included 129 people.
But Qiqige, the mother of two in Xilinhot, has vowed to continue to protest against the policy until authorities give in.
"As long as we're Mongolians, we'll resist to the end," she said.

PM U.Khurelsukh visits construction site of oil refinery plant infrastructure www.montsame.mn
Ulaanbaatar /MONTSAME/. On September 3, Prime Minister U.Khurelsukh along with four of his cabinet ministers became acquainted with the construction progress for the infrastructure of the oil refinery plant as well as the apartment villa for workers being built in Altanshiree soum, Dornogobi aimag.
The first structure of the apartment villa will be completed by June 2021, with the second one planned to be commissioned in September the same year. With 4,500 sq.m space available for office and services use, the villa will have apartments for a total of 549 households.
As for the refinery plant, the groundwork is being prepared for 11 structures in the technological area. Despite some challenges such as prolonged waiting time in importing construction materials due to the pandemic resulting in being behind plan for 4-5 months, construction of the main structure of the oil refinery is planned to be started this year, reported the officials.
Prime Minister U.Khurelsukh also became acquainted with the preparations for the construction of railway in the east region connecting Sainshand in Dornogobi aimag with Baruun-Urt in Sukhbaatar aimag, Baruun-Urt - Khuut - Choibalsan, and Khuut - Bichigt. Covering a total distance of 846 km, the preparations for the railway in the eastern vertical axis connecting Russia, Mongolia, and China with a total budget of USD 1.1 billion is underway as according to the plan. The completion of the railway is estimated to make a significant contribution to the country’s socio-economic development, highlighted the Minister of Road and Transport Development.
He further noted that the General Staff of the Mongolian Armed Forces being in charge of the project implementation is also domestically beneficial. The military personnel is receiving a monthly salary of over MNT 2 million by being involved in the project, reported officials.
Expressing his satisfaction with the consistent progress of the railway construction as planned, the PM reminded the officials to enhance correlation with engineering specialists as oil pipes will be installed in the same route.
With the preparations to build the 414.6 km railway en route Tavantolgoi - Zuunbayan, the railroad track construction for 221 km is currently underway.

Chinese Police Offer Cash Rewards in Hunt for Inner Mongolia Protesters www.bloomberg.com
Chinese police are offering cash rewards for clues that could lead them to more than 100 people, as public demonstrations swept through cities in Inner Mongolia over the introduction of the Mandarin language in some school lessons.
The police bureau of Tongliao, a city in the autonomous region bordering Mongolia and Russia, published photos and detailed descriptions of dozens of people they accused of “picking quarrels and causing troubles” starting Wednesday. They said the people had committed the crimes between Aug. 30 and Sept. 1, the same period the unrest broke out. Horqin district police issued a separate notice calling for information on dozens of people.
The search comes as government efforts to change the language of instruction of some subjects to Mandarin from Mongolian have prompted parents and students to boycott classes and take to the streets in protest. Similar measures have raised concerns about the dilution of cultures in Tibet, Xinjiang and Guangdong.
Videos from human rights groups showed people chanting demands in Tongliao, which has a significant Mongolian population.
The rollout of Mandarin-language classes kicked off Tuesday, beginning with language and literature classes for selected grades. It will later cover two other subjects -- morality and law, and history. President Xi Jinping has urged the overhaul of education in the three subjects where changes have taken place in Inner Mongolia in a bid to “safeguard ideological security.”
Local education authorities said in a statement on Monday that Mandarin would only be used to teach the three subjects that are part of the new rollout, and that the current bilingual system of instruction had not been changed.
One man wanted by the police has been accused of “breaking police cordons” on Aug. 31 in the city’s Economic and Technology Development Zone, according to one of the notices. A separate notice issued by the Horqin district police via their official WeChat account sought information on 129 people for the same accusation of “picking quarrels and causing troubles.”
The notices all promised cash rewards of 1,000 yuan ($146) for anyone who provided reliable information on their identities. Tongliao police also urged the people to surrender themselves.
China’s Foreign Ministry on Thursday referred to reports of the protests as “political hype with ulterior motives.”
“The common language of a country is a symbol of sovereignty,” ministry spokeswoman Hua Chunying told a daily briefing in Beijing. “Learning and using the common language of a country is both the duty and the right of our citizens.”
— With assistance by Colum Murphy, and Lucille Liu

Mongolia urged to sell stake in Rio Tinto mine www.afr.com
The Mongolian prime minister who allowed Rio Tinto to kickstart a $US5.3 billion expansion of the Oyu Tolgoi mine says the developing nation should sell its stake in the giant copper project in a bid to accelerate cashflow and soothe political tensions with Rio.
Five years after he struck a deal with Rio chief executive Jean-Sebastien Jacques to restart the expansion, former Mongolian prime minister Chimediin Saikhanbileg said it was time for the "arrogant" miner and the government to resume constructive talks and realise they were "in the same boat".
The relationship between the Mongolian government and Rio - the nation's biggest employer, foreign investor and an important lender - has soured since Khaltmaa Battulga was elected president in July 2017 on a platform of reducing foreign control over Mongolia's natural resources.
The two parties are bound for arbitration over a tax dispute and the Mongolian government has flagged a desire to revise aspects of the seminal legal agreement that underpins Rio's work in Mongolia - the 2009 Oyu Tolgoi Investment Agreement.
The Mongolian government has a 34 per cent stake in Oyu Tolgoi but regularly borrows from Rio to pay for its share of construction costs, and Mr Saikhanbileg said Mongolia would be better served by selling that stake.
''I support the idea that today’s complex ownership structure should be simplified. In my opinion, the ideal structure from our side is that we should sell the current 34 per cent stake to Rio Tinto or another third party and renegotiate the tax arrangement so the government can begin to collect taxes and other benefits from the project,'' he told The Australian Financial Review.
The Mongolian government will not receive its share of dividends from Oyu Tolgoi until its debts to Rio are repaid, meaning it could take a decade or more for Mongolia's 34 per cent ownership stake to generate tangible dividends.
Last year's multibillion-dollar cost and schedule blowouts on the Oyu Tolgoi expansion have only exacerbated the Mongolian frustrations, sparking political tensions over whether the nation was getting its share of the mine's wealth.
''The 34 per cent ownership has become the main cause of all misunderstanding and political confrontation in Mongolia. Moreover, with such a change, it would be easier for Rio Tinto as well to manage Oyu Tolgoi’s daily operations,'' said Mr Saikhanbileg.
"In 2009 and in 2015 when Oyu Tolgoi agreements were signed, a majority of people in Mongolia believed Oyu Tolgoi was a good thing. But populist politicians and resource nationalists have succeeded in seizing the narrative, and now some Mongolians are being told that Rio Tinto is fleecing their country.''
The comments come after the Mongolian government flagged in December it was willing to discuss swapping the 34 per cent stake for a special royalty.
Mr Saikhanbileg has spent much of the past year in North America after the current Mongolian regime charged him with abusing parliamentary process over the 2015 deal he struck with Mr Jacques to restart expansion of Oyu Tolgoi.
While the case against Mr Saikhanbileg has been suspended, similar charges have proceeded against several of his top lieutenants who assisted in striking the deal with Rio.
Former Oyu Tolgoi directors Bayanjargal Byambasaikhan and Ganbold Davaadorj were both given jail sentences in July after Mongolian courts found them guilty of charges relating to the deal.
The charges related to process, rather than personal gain.
Mr Saikhanbileg said those jailings were ''a profound injustice and an assault on rule of law'' which showed Mongolia was headed in the wrong direction.
''The current government believes they can change the Oyu Tolgoi agreements or even kick Rio Tinto out of Mongolia by jailing those politicians and experts who negotiated them in the first place,'' he said.
''It is unfortunate that Rio Tinto has never acted in response to these developments, and has never spoken up to set the record straight.
''Rio Tinto and the government should realise they are in the same boat and should work together.
''Rio should also abandon its arrogant behaviour and treat the government as its business partner, while the government should be more reasonable and treat Oyu Tolgoi as a business, removing the politicisation of the project.''
The ownership structure of Oyu Tolgoi has long been complex; the mine is owned by an eponymous Mongolian company, which is 34 per cent owned by the Mongolian government and 66 per cent owned by Canada's Turquoise Hill Resources.
Rio gets its exposure through its 50.7 per cent stake in Turquoise Hill and is the operator of the mine.
Rio said in 2019 that Oyu Tolgoi had a recoverable value of $US8.3 billion, suggesting Mongolia's 34 per cent stake could be worth close to $US2.8 billion.
Turquoise Hill, which has virtually no assets beyond its 66 per cent stake in Oyu Tolgoi, had a market capitalisation of $US2.33 billion this week, but its valuation is depressed amid expectations it will need to conduct a dilutive equity raising within the next two years.
by: Peter Ker
...
Oyu Tolgoi mine starts sourcing power domestically www.montsame.mn
Ulaanbaatar/MONTSAME/. Mongolia starts supplying power to Oyu Tolgoi copper-gold mine. Specifically, ‘Southern regional electricity distribution network’ state-owned company and Oyu Tolgoi LLC today has established a power supply agreement.
As a result, the Oyu Tolgoi mine which receives electricity from abroad will be supplied power domestically and the outflow of foreign currency will remain at home, which will bring a positive effect on the Mongolian economy and domectic supply of electricity will gradually increase.
Minister of Energy N. Tavinbekh emphasized it during the signing ceremony, which was also attended by Chief Executive Officer of Oyu Tolgoi Mr. Armando Torres and other officials. Minister N.Tavinbekh said, “Since 2008, Mongolia’s Parliament and Government have been implementing step by step measures to exploit strategically important minerals deposits in Southern Gobi, put them into economic circulation and supply them with power. According to the agreement signed today, Oyu Tolgoi mine will officially start receiving power from Mongolia, which is also believed to have a positive effect on the country’s economy.”
Mr. Armando Torres said, “The signing of this agreement is very important event for our company and an expression of our efforts to increase the energy we receive domestically.” “Even further, we will continue to work with the Ministry of Energy to seek possibilities within Power Source Framework Agreement and the amended PSFA.”
Since 2013 when Oyu Tolgoi copper-gold mine started being exploited, it has been using imported electricity from Inner Mongolia, China.
With a purpose to supply electricity to strategic deposits in the southern region and the Gobi from domestic power system, Mongolia has completed the construction of three 220 kV substations and a 670 km-long overhead transmission line.
Technical and State Commissions for the supply of power to the mine's some electricity consumption from the domestic power system have worked and started distributing 35-kilowatt power to four substations with a capacity of 13 megavolt amperes (MBA).

Trade and economic cooperation with U.S. to be strengthened www.montsame.mn
Ulaanbaatar /MONTSAME/ Deputy Prime Minister Ya.Sodbaatar met with Ambassador Extraordinary and Plenipotentiary of the United States to Mongolia Michael S. Klecheski.
Over 25 thousand Mongolians are currently living in USA. Due to the global pandemic, around 2,000 citizens have made their requests to return home and the State Emergency Commission has been bringing back Mongolian nationals from the U.S.
Deputy PM Ya.Sodbaatar stressed that it is important for the countries to join their efforts in the fight against the pandemic and asked the Ambassador to place emphasis on health and safety of Mongolians in the U.S.
The sides also exchanged views on further expansion of bilateral relations and the Third Neighbor Trade Act.
The U.S. side expressed its readiness to support Mongolia's democracy, sovereignty, and inclusive private-sector driver economic growth more than ever before during the Covid-19 pandemic.
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