1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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Events

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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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US election: Trump won't commit to peaceful transfer of power www.bbc.com

US President Donald Trump has refused to commit to a peaceful transfer of power if he loses November's election.
"Well, we'll have to see what happens," the president told a news conference at the White House. "You know that."
Mr Trump voiced concern about ballots, an apparent reference to postal voting, which he argues is susceptible to fraud even though he has voted in this way.
More states are encouraging mail-in voting, citing the need to keep voters safe amid the coronavirus pandemic.
Mr Trump was asked by a reporter on Wednesday evening if he would commit to a peaceful transfer of power "win, lose or draw" to Democrat Joe Biden.
"I've been complaining very strongly about the ballots," Mr Trump, a Republican, said. "And the ballots are a disaster."
When the journalist countered that "people are rioting", Mr Trump interjected: "Get rid of the ballots, and you'll have a very - you'll have a very peaceful - there won't be a transfer, frankly, there'll be a continuation."
Back in 2016, Mr Trump also refused to commit to accepting the election results in his contest against the Democratic candidate, Hillary Clinton, which she characterised as an attack on American democracy.
He was eventually declared the winner, although he lost the popular vote by three million, an outcome on which he still cast doubt.
Earlier on Wednesday, the president defended his decision to seek the appointment of a new Supreme Court justice before the vote to fill the vacancy left by the late Ruth Bader Ginsburg, saying he expects the election results to end up before the court.
"I think this [the election] will end up in the Supreme Court, and I think it's very important that we have nine justices," the president said.
"I think it's better if you go before the election, because I think this scam that the Democrats are pulling, it's a scam, the scam will be before the United States Supreme Court."
Mr Trump was apparently referring again to his much-disputed claims that mail-in ballots are vulnerable to fraud.
The president has said he will name a female nominee for the court this Saturday. She would replace Justice Ginsburg, who died last Friday.
Mr Trump's supporters hope his nominee, if confirmed by the US Senate, will cement a 6-3 conservative ascendancy on the nation's highest court for the forseeable future.
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Eleven charter flights to be organized in October www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the decision of the State Emergency Commission, 11 charter flights will be organized in October to repatriate about 2700 Mongolian citizens from abroad as follows:
Nur-Sultan-Ulaanbaatar on October 4
Seoul-Ulaanbaatar on October 8
Tokyo-Ulaanbaatar on October 10
Seoul-Ulaanbaatar on October 12
Seoul-Ulaanbaatar on October 16 /transit/
Seoul-Ulaanbaatar on October 17
Seoul-Ulaanbaatar on October 18
Seoul-Ulaanbaatar on October 19
Seoul-Ulaanbaatar on October 20
Frankfurt-Ulaanbaatar on October 23
For the 11th flight in route of Seattle-Ulaanbaatar, its date is not clear yet.
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Lake Khuvsgul and the dangers of uncontrolled tourism www.news.mn

Last year, the Mongolian Cabinet approved a project for establishing an eco-zone at the Khuvsgul Lake National Park with the assistance of the Asian Development Bank; it also decided to limit the number of tourism licenses for the area. However, there are still a total of 98 tourist camps operating in banks of the lake. In addition, some 500 locals and 30 enterprises make money from providing horse riding and boat trips. This affects the eco system of Lake Khuvsgul which holds 70 percent of Mongolia’s fresh water reserves.
Khuvsgul is one of the 17 oldest lakes in the world. It is 1,645 metres (5,397 feet) above sea level, 136 kilometres (85 miles) long and 262 metres (860 feet) deep.
Ger and chalet camps have increased around the lake due to the sharp rise in the number of local and foreign tourists. In 2013, Lake Khuvsgul was visited by 23000 tourists – within five years this had tripled to 120000.
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Cooperation between Mongolia, United Nations discussed www.montsame.mn

Ulaanbaatar /MONTSAME/. On September 23, Prime Minister of Mongolia U.Khurelsukh received delegates led by United Nations Resident Coordinator in Mongolia Tapan Mishra.
At the beginning of the meeting, the Prime Minister stressed the solid support of the United Nations to Mongolia for its combat and prevention against the COVID-19 pandemic and asked to continue working together for economic recovery and repatriation of Mongolian nationals abroad.
The UN Mongolia Resident Coordinator conveyed to the Prime Minister that COVID-19 revealed that government of Mongolia could strongly benefit from a comprehensive and coherent program to maintain and deepen the relationship between the country and its citizens abroad. Moreover, he highlighted that the Mongolian government’s decision to increase monthly allowance for children to MNT 100,000 was an adequate solution as strict restrictions had been imposed in the country in the wake of the pandemic.
After introducing about the UN measures being taken to overcome the economic and social difficulties caused by COVID-19, the UN delegates also pledged to give wide-ranging assistance to Mongolia in the future. The sides also agreed to cooperate on establishing a multilateral partnership platform for a complex financial solution to ensure nationwide implementation of the Sustainable Development Goals.
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Coordination for domestic cement market competition to be discussed by cabinet www.montsame.mn

Ulaanbaatar /MONTSAME/. At today’s meeting of the cabinet, Chair of the Cabinet Secretariat L.Oyun-Erdene delivered a presentation on the recent working trip by Prime Minister U.Khurelsukh to Dakhan-uul and Selenge aimags. Concerning the report, the cabinet has given following orders to corresponding cabinet ministers, agencies and local governors, and assigned them to submit proposals and drafts for cabinet discussion once ready.
- To coordinate the market competition for domestic manufacturing of cement and provide necessary support to cement export.
- To conduct the selection of a consulting service for Bogdkhan Railway project in cooperation with the Asian Development Bank
- To intensify expansion and renovation of the 204.11 km long auto road between Ulaanbaatar and Darkhan cities, and settle needed funding for ensuring safety until the re-selection is performed on the sections, of which construction contracts have been withdrawn
- To complete repair and maintenance of roads around the harvesting areas in the nearest future
- To allow only intensive livestock husbandry in agrarian areas
- To tackle issues related to infrastructure investment and other issues of Darkhan Leather Complex project.
- To integrate Darkhan-Urgoo Polytechnic College and Polytechnic College for Mining and Energy into a Vocational Training Center for Agriculture and Industry.
- To extend the working period of students who are being mobilized in the harvesting campaign until October 15, 2020 and resolve pressing issues.
Also, during the session, the cabinet decided to cut nighttime electricity cost in aimag centers, soums and other residential areas with 10,000 inhabitants or more by 100 percent. Previously, the residents in these regions were enjoying 50 percent discount on their nighttime electricity bill.
The cabinet also approved the geographic coordinate of areas for widespread mineral exploration and exploitation required for the construction of 18.82 km auto road by Ulgii city on the Asian Highway 4 route and a 201-meter concrete bridge.
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Tavantolgoi-Gashuunsukhait and Tavantolgoi-Zuunbayan railroads to be connected www.montsame.mn

Ulaanbaatar /MONTSAME/ At its regular meeting on September 23, the Cabinet authorized Tavantolgoi Railway company to construct the basic track structure of a 22 km railroad connecting Tavantolgoi Gashuusukhait and Tavantolgoi-Zuunbayan railroads and assigned relevant Ministers to develop the engineering design, carry out environmental impact assessment, and begin the project within this year. The necessary estimated funding will be provided by Erdenes-Tavantolgoi company.
It is estimated that the exploitation of coal, copper, coal, tungsten, zinc and fluorspar deposits of Tavantolgoi, Tsagaansuvarga, Aduunchuluun, Chandgana, Talbulag, and Khuut will increase annual exports to around 50 million tons and rail freight volume 3.5-fold.
The Cabinet also instructed relevant Ministers to approve a plan coordinating Tavantolgoi coal deposit mining and infrastructure development projects and programs and to oversee its implementation.
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81.3 thousand tons of hay prepared at national level www.montsame.mn

Ulaanbaatar /MONTSAME/ According to a report on progress of harvesting, 81.3 thousand tons of hay has been prepared on the national level as of the beginning of this month and it is a decreased performance by 167.5 thousand tons or 67.3 percent compared to the same period of previous year, reports the National Statistics Office.
Furthermore, 12.5 thousand tons of vegetable, 8000 tons of potatoes have been harvested and 0.2 thousand tons of fodder has been prepared. The amount of manually prepared fodder went down by 84.7 percent or 1000 tons, vegetable by 10.6 percent or 1.5 thousand tons and potatoes by 20.4 percent or 2000 tons respectively compared to the same period of last year.
The amount of harvested potatoes increased by 5.0-236.2 tons in Selenge, Khuvsgul, Dornod, Orkhon, Bayankhongor, Sukhbaatar and Gobisumber aimags compared to the same period of last year while its amount decreased by 1.0-1063.0 tons in Ulaanbaatar city and other aimags.
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Gold windfall heading for investors with miners vowing restraint www.bloomberg.com

Gold companies are vowing to give investors a greater share of the windfall from surging prices, without losing the fiscal discipline that’s returning to the industry.
Even as bullion bounces around near record heights, helping lift miners’ cash flow and share prices, the mood — at least virtually — at the Denver Gold Group’s annual Americas conference this week was conspicuously cautious. The tone was exemplified by executives including Agnico Eagle Mines Ltd. Chief Executive Officer Sean Boyd, who put it this way: “It’s not party time.”
“It’s not the time to blow up capex budgets and introduce risk,” Boyd said in a presentation. “Our view is to keep the risks low, keep the share count down, and focus on taking advantage of the current gold price in generating that free cash flow and returning it to shareholders.”
The gold industry descended into a dark phase about a decade ago after disastrous acquisitions and over-expansion bloated balance sheets and sent generalist investors scurrying elsewhere. While the sector has since restored a large measure of fiscal discipline, there are lingering concerns that the restraint could quickly dissipate if gold prices remain high.
Still stinging
The memory of deals gone bad in the last cycle still lingers in the minds of many investors. Those include Barrick Gold Corp.’s 2011 multibillion-dollar acquisition of copper producer Equinox Minerals Ltd. Barrick saw debt swell and took a $3 billion writedown on the Zambian mine it bought after the top-of-the-cycle purchase.
Big gold producers have indicated at the Denver Gold show this year that they remember the lessons of the downturn, said Rick Rule, CEO of Sprott U.S. Holdings.
“The last decade was punctuated by a lot of idiocy, and I think that both investors and managers at the biggest companies have come to understand that,” Rule said Tuesday in a phone interview. For a time at least, he expects “new investments in terms of putting a project in production or doing acquisitions will be measured against returns of capital to shareholders.”
Amid the rising gold prices, Barrick CEO Mark Bristow said his company is considering a more formal structure for its dividend policy. The timing will depend on its net-cash position and how the global pandemic develops, he said in a live presentation. He also said the global miner intends to keep a minimum cash balance.
“You don’t want to be held ransom by the capital markets,” Bristow said. “So you need to be able to manage crises in the full gold-price cycle.”
To be sure, different companies in the sector will have different priorities for the free cash flow that’s expected to pour in. For Franco-Nevada Corp., a royalty and streaming company, the plan is to spend the bulk of the cash to acquire more deals, CEO Paul Brink said in a Denver presentation. “And then obviously the second use for it is paying dividends.”
Whatever Franco does, though, the question is by all vantage points a pleasant one. “That’s always a high-class problem: to discuss what to do with your cash,” Brink said with a smile.
(By Steven Frank, with assistance from Yvonne Yue Li)
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Musk: $25,000 Tesla ready "in about three years" www.bbc.com

Tesla founder Elon Musk has announced technology that he says will make Tesla batteries cheaper and more powerful.
At a live presentation that Mr Musk labelled 'Battery Day' he also teased the possibility of a $25,000 (£19,600), fully-autonomous Tesla "in about three years time".
"This has always been our dream to make an affordable electric car" he said.
But the news didn't excite investors and $50bn was wiped off its stock market value.
The main announcement was Tesla's new larger cylindrical cells. It was claimed the new batteries will provide five times more energy, six times more power and 16% greater driving range.
But the technology announced is likely to take years to implement.
Tesla's approach includes integrating the battery so that it forms part of the structure of the vehicle, thereby reducing the effective weight of the battery.
The speech took place in front of 240 shareholders - each sitting in a Tesla Model 3.
Central to cheaper Teslas are innovations in the way the company designs batteries - radically improving their efficiency.
Professor Stanley Whittingham, a member of the National Academy of Engineering, told the BBC that "tackling all the opportunities is high risk, but high pay-off".
"Many of us have suggested the same steps are necessary, but Tesla has the investment and will to make it happen. Not sure anyone else is willing to do this," he said.
Mr Musk also announced that as well as purchasing batteries from Panasonic and LG Chem - Tesla itself would begin to make them.
In April last year Musk himself revealed problems with sourcing Panasonic batteries used in its Model 3 Tesla.
Speaking to the BBC, Casper Rawles, Head of Price Assessments at Benchmark Mineral Intelligence, said scaling up would be "challenging"
"Even with really experienced car manufacturers, we tend to see a very high scrap rate of production in the first couple of years."
He also warned that so much of the content of the battery is expensive metals - "You can only reduce the cost down to a point".
Four consecutive quarters of growth have helped Tesla's share price soar and it is now the most valuable car company in the world.
This is despite criticisms of Elon Musk that some of his technological advances have been exaggerated.
Earlier this month customer group Consumer Reports released a damning report about Tesla's automated driving services. The research concluded that "For now, Full Self-Driving Capability…remains a misnomer."
And in July Mr Musk said Tesla would be able to make its vehicles completely autonomous by the end of this year. The statement was met with scepticism by industry insiders.
Tesla's boss however announced that a 'beta' version of the full Autpilot software would be available "in a month or so".
Musk is no stranger to glitzy and sometimes bizarre public demonstrations.
Earlier this month he unveiled a pig with a coin-sized computer chip in its brain to demonstrate his ambitious plans to create a working brain-to-machine interface.
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'The girls go crazy over him': Meet Jenisbek Tserik, Mongolia's most eligible eagle hunter www.cnn.com

(CNN) — "Look over there. See that man coming this way?" asks Timur. "He's so good looking."
Galloping towards us on a stout Mongolian steed is the nomad's version of Brad Pitt returning home in "Legends of the Fall." Bundled inside a pinto jacket above richly embroidered trousers, he certainly catches the eye. A fox fur hat warms his head, and perched calmly on his right forearm is a golden eagle that's not merely a prop for a cheesy cologne advertisement.
"Look at his eyebrows and his cheekbones," continues our local guide. "And look at how big and strong he is. The girls go crazy over him."
"It's true," says Timur's wife, Bata, blushing slightly. "If I was to compare him with Timur just on looks, of course I would choose him."
Upon closer inspection, the intruder's weathered face betrays a life lived outdoors. But his jaw is certainly chiseled and his natural squint reminds me of a youthful Clint Eastwood as he gazes off into the distance.
Arguably more impressive though is his stature, which I only begin to appreciate once he stands beside four other berkutchi, or eagle hunters, who have assembled in front of us for a scheduled photo shoot and interview session. He's close to a head taller, with broad, square shoulders and muscular limbs that are further exaggerated by his bulky attire.
His name is Jenisbek Tserik, an appellation that means "steel warrior" -- an apt description given his achievements. A master horseman, he's also a serial winner of tug-of-war competitions pitting two combatants wrestling a goat carcass.
So adept is Jenisbek that he has been flown to Dubai to compete in exhibition events. For a semi-nomadic Kazakh living in Mongolia's remote, westernmost province of Bayan-Ölgii, any trip abroad would be like visiting another planet. Glitzy Dubai would be a whole different universe.
Aged 26, Jenisbek tells us he's not married, then jokes that he has five girlfriends, including one in Dubai and another in Kazakhstan, from where 90% of Bayan-Ölgii's resident population originates. I'm unsure if he's serious, but from what Timur and Bata have told me about him, it's not beyond the realms of possibility.
As well as the tug-of-war, Jenisbek is a champion archer, and he's won numerous awards for eagle hunting in Bayan-Ölgii, where the centuries-old pastime is more widespread than anywhere else on the planet.
Eagle hunting can be traced back to a forgotten kingdom in Central Asia, where direct descendants of Genghis Khan settled by the Aral Sea until encroaching Russian Empire forces compelled them to flee to the lawless region of the Altai Mountains in Mongolia.
Then, when the Soviet Union and China established borders either side of them early in the 20th century, the Kazakhs became cut off from their homeland and were unable to return.
They continued to live as semi-nomadic herders in Western Mongolia, where traditional pastimes such as hunting with golden eagles continued, passing from one generation to the next. Since such practices were suppressed in Kazakhstan during Soviet rule, Bayan-Ölgii became the sport's nucleus.
"For a Mongol, it's pride thing to train racehorses. For Kazakhs, their pride is in training eagles to hunt," explains Bata.
You can see it in the way they walk and how they behave. The five berkutchi know they're being watched and they play up to it, puffing their chests out and stiffening their backs whenever a camera lens points their way. Brows furrow and lips purse like they've modeling all their lives.
It's a far cry from how life must have been in this part of the world before tourism impinged following the first Golden Eagle Festival, which was staged outside the provincial capital of Ölgii in 1999. But even now, foreigners are hardly stampeding to get here. When I quiz our local facilitator about numbers visiting the region this season, he replies that there are "many."
"How many?" I ask.
"About 800."
Numbers peak around the timing of the festival in early October, and during the smaller scale Altai Kazakh Eagle Festival, held here in Sagsai two weeks earlier. In each, as many as 100 berkutchi test their skills in events where eagles are expected to catch fox skins being dragged behind horses or in races to scoop up a coin off the ground on horseback.
One flirtatious contest involves a whip-cracking woman chasing after a man who doesn't always try overly hard to escape. I could imagine Jenisbek receiving a disproportionate share of lashings these past few years.
But it's only once the tourists have gone that the eagle hunting season begins. From October to March, hunters head off into the mountains in pairs -- one to flush out their prey, the other to release the eagle from high along a ridgeline. Prize catches includes foxes and hares, whose luxuriant coats make the warmest hats, just like those crowning Jenisbek and his companions.
Hunts can last for days at a time, and training requires patience as the eagles become accustomed to their handlers and develop the required skills. There's no doubt it's a time-consuming passion -- one that would almost certainly cause rifts in Western households.
Has it caused couples to divorce, I ask Timur, when husbands spend more time with their birds than they do with their wife? He shrugs his shoulders.
When every unmarried woman in the valley is lining up for you, like they are for Jenisbek, who needs a wife?
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