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    

Events

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

NEWS

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Millions of Chinese investors rushed into July's stock market rally www.reuters.com

SHANGHAI (Reuters) - China reported the largest number of new stock investors in five years in July, as millions of individuals rushed into a buoyant share market, boosting trading turnover and brokerage earnings.

The number of new investors in mainland Chinese shares totaled 2.4 million in July, the most since June 2015, the peak of China’s massive stock bubble that later burst, according to official Securities Times.

It represents a 60% jump from a month earlier and a year-on-year increase of 124%, according to the China Securities Depository and Clearing Corp (CSDC).

Investors sought high returns in a stock market that jumped over 10% in July, helping boost turnover. Stamp duty income from securities trading rose 35.3% year-on-year during the first seven months, compared with a 8.7% fall in fiscal revenues as coronavirus hit the economy, official data shows.

Hectic trading benefits brokerages. Over 25 listed brokerages reported a profit jump of over 50% in July, Securities Times reported.

Reporting by Samuel Shen and Andrew Galbraith; Editing by Sam Holmes

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Rio Tinto cuts 2020 copper targets on Kennecott delay www.mining.com

Rio Tinto (ASX, LON, NYSE: RIO) has cut its refined copper production target for fiscal 2020 due to delays in restarting a smelter at its Kennecott mine in Utah.

The world’s second-largest miner expects the facility to be running again in two months. That would mean about 30,000 tonnes of lost production.

Rio now expects full-year refined copper production at Kennecott to be between 135,000 and 175,000 tonnes, down from a previous range of 165,000-205,000 tonnes.

Rio’s copper output fell by 5% last year to 577,000 tonnes, largely blamed on low grades at Kennecott.

Rio churned out 186,800 tonnes of copper at Kennecott last year and it has approved an investment of $1.5 billion over the next six years to continue production at the mine.

Rio has been investing heavily in the red metal over the past two years. It believes the market will soon go into deficit as bigger power grids around the world and an electric-vehicle boom will boost demand, while supplies will remain constrained.

Rio allocated $302 million to advance its Resolution copper project in Arizona last year. It has also made progress at other copper projects, including Berenguela, in south-eastern Peru, and applied for exploration permits in northern Chile.

In April, the mining giant announced it would spend a further A$9.2 million ($6.6m) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia’s Paterson Province.

The earmarked budget for this year was well above the previous commitment of A$2 million put forth in January, when Rio earned 51% of the project, Antipa said in a media statement.

Lingering question
In the past, analysts have questioned the mining giant’s ability to scale up its copper business quickly without making an expensive acquisition, especially after facing challenges at key assets.

Rio delayed first production from the $5.3 billion underground expansion of its Oyu Tolgoi copper-gold-silver mine in Mongolia. Originally scheduled for early 2020, it is now expected to happen in the third quarter of 2021.

The mining giant said that, as a result, copper and gold output would drop at the already troubled operation.

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Apple first US company to be valued at $2tn www.bbc.com

Tech giant Apple has become the first US company to be valued at $2tn (£1.5tn) on the stock market.

It reached the milestone just two years after becoming the world's first trillion-dollar company in 2018.

Its share price hit $467.77 in mid-morning trading in the US on Wednesday to push it over the $2tn mark.

The only other company to reach the $2tn level was state-backed Saudi Aramco after it listed its shares last December.

But the oil giant's value has slipped back to $1.8tn since then and Apple surpassed it to become the world's most valuable traded company at the end of July.

Strong sales
The iPhone-maker's shares have leapt more than 50% this year, despite the coronavirus crisis forcing it to shut retail stores and political pressure over its links China.

In fact, its share price has doubled since its low point in March, when panic about the coronavirus pandemic swept the markets.

Tech firms, which have been viewed as winners despite lockdowns, have seen their stock surge in recent weeks, even though the US is in recession.

Apple posted strong third quarter figures towards the end of July, including $59.7bn of revenue and double-digit growth in its products and services segments.

The next most valuable US company is Amazon which is worth around $1.7tn.

Apple's rapid share price rise is "an impressive feat within a short period of time", said Paolo Pescatore, a technology analyst at PP Foresight.

"The last few months have underlined the importance of users and households alike to own better quality devices, connections and services and with Apple's strong broad portfolio of devices and a growing services offering, there are plentiful opportunities for future growth."

He said the arrival of gigabit connectivity broadband would offer Apple "endless possibilities".

"All eyes are now on the eagerly anticipated 5G iPhone which will fuel further consumer demand," he added.

Microsoft and Amazon follow Apple as the most valuable publicly traded US companies, each at about $1.6tn. They are followed by Google-owner Alphabet at just over $1tn.

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Three more peacekeepers recover from COVID-19 www.montsame.mn

Ulaanbaatar /MONTSAME/ During the regular press briefing of the Ministry of Health that was held today, August 19, the National Center for Communicable Diseases (NCCD) reported on results of latest COVID-19 tests.

According to Head of the Surveillance Department of the NCCD A.Ambaselmaa, coronavirus tests have been conducted on 750 people at two laboratories on the national level on August 18 and the test results all came out negative. Three peacekeepers aged 27, 22 and 31 have made recovery from the coronavirus and have been transferred into sanatorium-based isolation facility, the next stage of mandatory isolation today.

As a result, 281 of 298 total COVID-19 cases recorded in Mongolia have recovered. A total of 17 people are currently receiving treatment at the NCCD. 15 of them are in mild and 2 are in serious health condition.

“A pregnant mother, who had been in quarantine in an isolation facility, delivered a baby girl weighted 2.800 gr at 02.00 am of August 19,” Ms. Ambaselmaa added.

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Mongolian Information and Trade Promotion Center of Europe established in Berlin www.montsame.mn

Ulaanbaatar/MONTSAME/. Mongolian Information and Trade Promotion Center of Europe (MITPC) was opened in Berlin.

The Export Promotion Program of the Government of Mongolia for 2018-2020 clearly stated about the establishment of the center. Through the program, it aims to support policies to diversify the Mongolian economy, increase value-added, and boost exports of non-mining products.

An introductory meeting of the center, which aims to sell organic ‘Made-in-Mongolia’ products to the European market, was held on August 18 at the Mongolian National Chamber of Commerce and Industry (MNCCI). Chaired by B.Agni, a representative of MITPC LLC, the meeting was attended by representatives of over 20 companies, including the EU-funded project ‘Trade Related Assistance for Mongolia (TRAM),’ clusters under the MNCCI, Mary and Martha LLC, IDA Studios and Lhamour.

The center will serve as a bridge between citizens, businesses and organizations of Mongolia and the European Union and create low-cost access to sell competitive and high-quality products made with Mongolian natural raw materials in the markets of Germany and EU. For instance, leather, sea buckthorn, felt products, cashmere and woolen products, wooden items, tea, herbs, jams and other high-quality and ecologically pure products are possible to be exported in the first place.

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Government to render all-round support to oil refinery project www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh visited “Mongolian Oil Refinery” state-owned company today, August 19.

Within the framework of the project, 12 fundamental technological facilities for oil refinery, their ancillary facilities, infrastructure and an industrial town will be built. The construction is planned to take place in the following four stages.

- Non-technological buildings and facilities, water pipeline and infrastructure work of the industrial site

- Initial processing and ancillary facilities

- Power station of the plant

- Technological facilities with deep processing license

The first stage of construction work has been running according to its schedule, authorities of the company underlined.

The oil refinery is expected to put into operation in 2023 with yearly capacity of 1.5 million tons of oil processing. In doing so, it will produce 43 thousand tons of liquefied natural gas, 339 thousand tons of automotive fuel, 824 thousand tons of diesel fuel, 80 thousand tons of aviation fuel and 47 thousand tons of stove fuel.

Mongolia imports oil products worth USD 1 billion a year. According to the preliminary estimation, as the money stays in the country, the exchange rate will stabilize, GDP will increase by more than 10 percent, and state and local budget revenues will be raised by USD 150 million. Moreover, 600 jobs will be created in addition to developing small and medium sized businesses along with establishment of the oil refinery.

Established in 2017, Mongolian Oil Refinery Company has over 70 engineering and technical staff and over half percent of its all staff acquired education in foreign countries.

Noting that the Government has set a goal to fully meet its need of energy, oil and healthy food through domestic production and to export them, PM U.Khurelsukh expressed to render all round support to the project on establishment of oil refinery.

 
 
 
 
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Mongolia to airlift more than 30 citizens from Bishkek www.akipress.com

Mongolia will send two charter flights to USA and Kazakhstan this month.

These flights are planned to Kazakhstan’s capital Nur-Sultan on August 30 and to Seattle (US) on August 31, head of State Emergency Commission Ya. Sodbaatar noted.

Flight to Nur-Sultan will land in Bishkek, Kyrgyzstan, to airlift more than 30 Mongolian nationals.

Additional 17 flights this month will airlift more than 4,240 people

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Mongolbank requests public comments on draft amendments to AML/CFT procedures www.dataguidance.com

The Central Bank of Mongolia ('Mongolbank') announced, on 17 August 2020, that it is requesting public comments on the draft amendments ('the Draft Amendments') to the anti-money laundering and counter terrorism financing ('AML/CTF') procedures. In particular, the Draft Amendments introduce new risk assessment requirements including risk assessments for clients identified as low risk and proposes increased targeted financial sanctions against entities.

Public comments can be submitted via email to davaakhuu@mongolbank.mn.

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Field Notes from Mongolia: Studying Przewalski's Horses www.czs.org

Racquel Ardisana, a senior animal care specialist at Habitat Africa, shares some field notes from Mongolia where she studied steppe ecology and reintroduction of Przewalski’s horses.

In June 2019, I set off on a great adventure. I departed from Chicago early one morning —two planes, one taxi, and several bumpy miles in an old Soviet van later I arrived in the central Mongolian steppe. As a graduate student in biology through Miami University’s Global Field Program, I was in Mongolia to learn about the ecology of the steppe ecosystem and the reintroduction of Przewalski’s horses to the wild. As part of my job as a senior animal specialist here at Chicago Zoological Society’s Brookfield Zoo, I work with Przewalski’s horses, so I was excited to learn more about the world’s last truly wild horses and the vital role zoos played in their return to the wild.

My trip started at the remote research site of Pallas’s Cat Conservation Project located in Altanbulag. While there, my classmates and I spent our days in field classes studying the unique fauna and flora of the Mongolian-Manchurian grassland and our nights resting in gers, the traditional circular homes of Mongolian nomads.

Collecting data on the Mongolia’s native rodents by safely catching and releasing them from Sherman traps. When we caught an animal, we took measurements and recorded the species and sex of each individual. Then we released them in the same spots they were found. This data helps researchers study rodent populations and how they change over time. The Mongolian hamster, gray marmot, and Mongolian gerbil are just a few of the many species of rodents that live in the steppe.

I stayed in this ger while visiting the Pallas’s Cat Conservation Project. On our last day, we learned how to break down the ger and pack it up for travel. Mongolian pastoralists are nomadic, moving seasonally to make sure their livestock have plenty of grass to eat, so their homes must be portable.

At night, the kitchen ger became a makeshift lecture hall, where researchers like Dr. Bariushaa Munkhtsog of Pallas’s Cat Conservation Project and Irbis Mongolian Center gave us presentations on his research and steppe conservation.

Mongolia falls within the Eurasian steppe belt, which stretches from the mouth of the Danube River in Budapest in the east to northern China in the west. This is the largest temperate grassland in the world —it reaches almost 1/5 of the way around the globe! The steppe ecosystem is semi-arid, only receiving about 10-20 inches of rain in any given year. Because of the low amount of rainfall and drastic swings in temperature between seasons, grasses are the main type of plant that grow in the steppe. Mongolian nomads have grazed their livestock, including their cashmere goats, on these grasses for generations. Unfortunately, as herds of livestock have grown increasingly larger in number, overgrazing has become a problem that threatens both the nomadic people and native plants and animals.

The steppe has seen better days. Tall grass once covered this area but it has undergone partial desertification. Overgrazing from livestock is threatening this ecosystem and the animals that live in it. If you look closely, you can see remote Ger Camp in the bottom left of the photo.

Livestock are sometimes penned for safety overnight. Gray wolves roam the steppe and sometimes take livestock for prey. Pens and guard dogs help protect them.

The steppe is also home to a variety of native animals –some of the ones we came across in Altanbulag included corsac foxes, Brandt’s voles, steppe eagles, and demoiselle cranes. We even managed to catch a glimpse of a rare Pallas’s cat while out in the field one day!

We were very lucky to get a quick peak at a Pallas’s cat. These cats, known as ‘manul’ in Mongolian, are a threatened species due mainly to habitat degradation and fragmentation.

After several days of classes and fieldwork at Altanbulag, we departed southward to Hustaai National Park in search of Przewalski’s horses. These horses have never been domesticated and are considered the last remaining wild horses in the world. Known to Mongolians as ‘tahki’, meaning spirit, Przewalski’s horses are a symbol of national pride for the country.

Mongolians are horsemen who have used their own breed of domesticated horses for herding, travel, war, and sport since before the time of the Mongol Empire and Genghis Khan. Because of this, the Mongolian people hold horses, both domestic and wild, in high regard. I had a chance to explore part of Hustai National Park on horseback.

Przewalski’s horses were once common throughout much of the steppe. By the early part of the 20th century, livestock had overgrazed much of the grasslands that the horses relied on and that, coupled with some extra harsh winters, caused their populations to decline rapidly. By 1960, Mongolia’s Gobi region was the last place you could find Przewalski’s horses in the steppe. Just 9 years later, they were declared extinct in the wild.

Luckily, for both the tahki and us their story does not end there! There was still a population of tahki living in zoos —almost a thousand of them between Europe and the United States. In 1992, zoos and scientists teamed up. Zoos sent Przewalski’s horses born and raised in managed care to Mongolia, and began the first release efforts to restore Przewalski’s horses to their ancestral home on the steppe. Release efforts continued throughout the 1990s and 2000s and thanks to their success, there are around 380 horses living in Hustai National Park today.

While modern zoos are often considered centers of informal learning and entertainment, they are also huge contributors to global conservation efforts through both funding and research. In the case of Przewalski’s horses, zoos were crucial to their survival, serving as an ark to preserve individual animals and their genetic material from complete loss. Without an already established breeding program and population of Przewalski’s horses living in zoos when their population rapidly declined, they would almost certainly be extinct today.

Our second morning in Hustai National Park we woke up early, before the sun was even up. We got in our vans and drove to a valley in the middle of the park. We set up on a ridge, binoculars in hand. Not long after we arrived, someone spotted movement in the valley and everyone’s hearts started beating a little faster. Could it be what we came here for? What I spent the whole trip anticipating? Excitedly we watched three Przewalski’s horses —a small harem—appear out of the birch trees and then make their way across the valley.

It was a quick glimpse and from a distance away but we were buzzing with excitement for the rest of the day. Many of the graduate students in my field class are zoo professionals and the Przewalski’s horse reintroduction story was one of the things that inspired our passion for both zoos and conservation. We could not wait to get back into the field the next day.

For the next several mornings, we returned to the valley and each time we spotted horses. On the last morning, we found ourselves surrounded on all sides by several harems of horses, over 60 animals in total, there were even foals —it felt like a dream. We observed and studied their behavior and watched as some of the harems interacted.

Spending time with those horses in the valley in Mongolia reminded me of all the important work that places like Brookfield Zoo do for conservation of wildlife around the globe. They educate, fund conservation efforts, perform critical research, and in the case of the Przewalski’s horse, serve as an ark —without places like Brookfield Zoo, Mongolia would have lost its spirit forever.

"The example of Przewalski’s horse conservation shows us that extinction events may be difficult to predict and how important it is to have a captive population to draw upon should reintroductions become necessary.” From Przewalski’s Horse: The History and Biology of an Endangered Species, Boyd and Houpt, 1994

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Total outstanding loans of NBFIs reach MNT 1.3 trillion www.montsame.mn

Ulaanbaatar /MONTSAME/. According to the Financial Regulatory Commission (FRC), the total outstanding loan balance of non-bank financial institutions increased by 19.2 percent compared to the previous year, reaching MNT 1.3 trillion.

Of the total outstanding loan of the non-banking financial institutions:

- 84.2 percent are personal loans,

- 15.8 percent are loans of legal entities.

In terms of their classification:

- 86.5 percent are performing loans,

- 4.8 percent are overdue loans,

- 8.7 percent are of non-performing loans respectively.

The total number of customers of non-banking financial institutions has reached 2.8 million. As of the first half of this year, a total of 542 non-banking financial institutions are operating in Mongolia. Moreover, the total assets of non-banking financial institutions increased by 21.5 percent compared to the same period of the previous year and is estimated to be at MNT 1.9 trillion.

The increase in the supply of loans by the non-banking financial institutions is thanks to the introduction of technology-based financial products and services into the market.

As a result, access to credit services has improved, and the number of loan holders in the sector increased 1.2 times compared to the same period of the previous year, reaching 445.9 thousand, and the average loan per borrower is MNT 20.9 million.

At the press briefing held by the FRC on August 17, head of a working team at the FRC T.Jambaajamts said “In recent years, technology-based lending services have been introduced with success. As of the first half of 2020, about 80 percent of 445 thousand borrowers, who received 1.3 trillion of loans in total borrowed were through loan lending mobile applications. In other words, customers are provided with conditions for collateral-free and instant loan services and favorable terms of loan repayment”.

90.6 percent of 2.8 million customers of NBFIs are estimated to use mobile phone and internet-based financial products and services, according to the FRC.

B.Dolgormaa

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