1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

Category

Events

Events

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

NEWS

64x64

Rio Tinto cuts reserves at Oyu Tolgoi as costs rise www.reuters.com

Rio Tinto on Friday cut estimated reserves at its underground copper mine extension in Mongolia and confirmed it would face delays and higher costs after ground instability forced it to redesign its mine plan.

Oyu Tolgoi (OT) is Rio’s biggest copper growth project but has faced geological challenges. In July last year, Rio estimated the project’s capital cost at $6.5 billion to $7.2 billion, as much as $1.9 billion more than its initial estimate in 2016.

Rio said the updated feasibility study confirmed that recent cost estimate, and warned there could be further changes to reserves as it continues work on the design.

Rio also narrowed its estimated first production from its mine to between October 2022 and June 2023, 21-29 months later than its initial estimate.

Analysts at Citi estimated the changes in the mine plan reduce total production and copper tonnes by 11%. “OT gets a lot of investor air time for RIO but the reality is it is small in valuation terms,” Citi said, estimating a 3%contribution to Rio’s total valuation.

Citi targets RIO at around A$96. Shares of Rio were down 1.5% at A$96.44, underperforming the broader market which was steady.

In a statement, Rio said the new design for the underground mine confirmed its caving method remains valid, and “will unlock the most valuable part of Oyu Tolgoi”.

The Oyu Tolgoi deposit in south Mongolia is one of the world’s largest known copper and gold deposits, with the open pit at the project contributing about 9% of Rio’s total mined copper in the first quarter of fiscal 2020.

It is jointly owned by the Mongolian government and Rio’s majority-owned Turquoise Hill Resources.

Last month, the miner entered an agreement for Mongolia to build a coal-fired plant to supply power to the Oyu Tolgoi mine.

(By Melanie Burton and Sameer Manekar; Editing by Richard Pullin and Lincoln Feast)

 
 
...


64x64

Germany’s plan to exit coal by 2038 made law www.mining.com

Germany’s lower house of the parliament passed on Friday a bill to phase out coal-fired power stations in the country by 2038.

The new law entails over €50 billion ($56 billion) for mining companies, power plant operators, affected regions and employees to mitigate the impact of moving from coal to renewables as power source.

“The fossil fuel age is irrevocably coming to an end in Germany with this decision,” Economy Minister Peter Altmaier told lawmakers inside the chamber, urging opponents not to “talk it down.”

Coal-fired power plants operators will be able to compete in auctions to be held from September this year to 2027 for closure compensation payments.

They will also be paid for switching from coal to gas, which emits less CO2.

Plants that are less than 10-years old can apply for direct payments or a transition into a network reserve in exchange for compensation.

All plants must cease operations by 2033.

“Over generous”
The law, which also implies shutting down the mines that feed those plants, sees the government paying up to €40 billion ($45bn) in structural aid to the affected coal states of Brandenburg, North-Rhine Westphalia, Saxony and Saxony-Anhalt over the next 18 years.

Chancellor Angela Merkel’s administration will take further measures worth up to €4.8 billion ($5.4bn) in compensation to employees affected by the coal exit law until 2043, and a further €6 billion to utilities.

Germany’s drawn-out timetable, however, has ignited criticism. Climate activists are not pleased to see coal plants only gradually taken offline over the coming 18 years. They also condemn what they say are “over-generous” payments to energy companies that more than compensate any lost profits.

Analysts have also pointed out that the phase-out plan adds challenges to the European Union’s efforts to cut its greenhouse gas emissions sooner — by at least 40% by 2030.

Most of the 28 EU states aim to become carbon-neutral by 2050 — that is, carbon emissions should be balanced by carbon-reduction measures. Poland, however, relies heavily on coal and has a temporary exemption.

Brown coal
Germany is the world’s largest producer of lignite (or brown coal), which fuels about 19% of the country’s electricity capacity. That type of coal is considered the most polluting kind because its low heat content means more must be burned and it contains a large amount of impurities.

Last week, the German government agreed to a €4.35 billion ($4.9bn) package to phase out those operations by 2038.

The plan is to use a mixture of subsidies and tenders to encourage operators to close hard coal plants beginning this year. Europe’s largest economy currently employs about 250,000 workers in renewable energy sectors.

 
 
...


64x64

Mongolia Quarantines Russian Border Region Over Bubonic Plague Suspicion www.themoscowtimes.com

Mongolia has quarantined its western region near the border with Russia after identifying two suspected cases of the black plague linked to the consumption of marmot meat, health officials said Wednesday.

Lab tests confirmed that two unidentified individuals had contracted the “marmot plague” in the region of Khovd, Mongolia’s National Center for Zoonotic Disease (NCZD) said in a statement.

The NCZD said it moved to quarantine the provincial capital and one of the region’s districts about 500 kilometers south of the southern Siberian republics of Tyva and Altai.

Vehicles are temporarily banned from entering the region, the state-run TASS news agency cited Mongolian media as saying.

The NCZD said it has analyzed samples taken from 146 people who it said had contacts with the two infected persons and identified 504 second-contact individuals. Media reports suggested that the victims were a 27-year-old male and a young woman of an unknown age.

Mongolia closed a key border crossing with Russia in May 2019 on suspicion that it may have played a role in an outbreak of the plague, stranding several Russian tourists. A husband and wife had died after eating marmot meat in that incident.

Experts say the direct descendants of the same bubonic plague that killed 50 million people in the 14th century still exist today, killing around 2,000 people a year.

...


64x64

EBRD finances flood-protection measures in Mongolia www.ebrd.com

More than 15,000 people will directly benefit from sustainable infrastructure designed to protect them from seasonal flooding, thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD) to Erdenet, Mongolia’s second-largest municipality.

A sovereign loan of up to US$ 7 million will help the northern Mongolian town, located in the valley between the Selenga and Orkhon rivers, implement modern flood-protection measures and improve its water supply system.

It will help address the consequences of decades of underinvestment in the municipal water networks. This will improve the resilience of Erdenet’s water infrastructure to climate change and address public health challenges.

The investment is aiming to increase by 3,200 the number of households connected to the central water supply and to reduce the volume of annual water losses by 15 per cent or 0.8 million cubic metres.

The coronavirus pandemic has demonstrated the critical importance of the highest hygiene and sanitation standards, and water supply and treatment are among most serious longstanding challenges that the country is facsing.

In Mongolia the EBRD works to help build a diverse economy by developing the private sector and supporting infrastructure improvements. The Bank has invested more than €1.7 billion in 104 projects in the country since it started operations there in 2006.

...


64x64

Mongolia's THE HU Raises $19,000 for COVID-19 Relief www.blabbermouth.net

Mongolia's biggest rock act THE HU has just dropped a beautiful new acoustic video for "Shireg Shireg". The clip shows behind-the-scenes footage of the band in the studio, offering fans a real insight into its recording process. It also gives a closer look at THE HU's gorgeous traditional instruments and a glimpse of their live show.

The "Shireg Shireg" video is the newest teaser for THE HU's upcoming deluxe version of "The Gereg", out on July 10. Also on the album are fantastic collaborations with Jacoby Shaddix (PAPA ROACH), Danny Case (FROM ASHES TO NEW) and Lzzy Hale (HALESTORM). The original version has sold 130,000 copies globally thus far.

Last weekend saw THE HU play a homecoming show after a sold-out world tour, performing at White Rock Centre in Ulaanbaatar in aid of the Mongolian COVID-19 relief. The concert was aired on TV in Mongolia, raising 53 million MNT (approximately $19,000), and made available to a global audience through streaming on Facebook and YouTube, raising $5,000 and counting.

THE HU stands for the Mongolian root word for human being, inspiring the band's original style of music that it calls "Hunnu Rock." The group pulls inspiration from the Hunnu, an ancient Mongolian empire better known as The Huns in western culture. Their music is deeply embedded with their ancient culture, even integrating old Mongolian war cries and poetry into their lyrics.

The group was founded in 2016 in Ulaanbaatar, Mongolia by their producer Dashka, along with band members Gala, Jaya, Temka and Enkush. Together they create rock music with traditional Mongolian instrumentation such as the morin khuur (horsehead fiddle), tovshuur (Mongolian guitar), tumur khuur (jaw harp), guttural throat singing built around the pillars of heavy rock: distorted guitars, bombastic drums, and aggressive rhythms. All four members have earned Bachelor's or higher degrees in classical music and have gained several years of touring experience throughout Asia and the Pacific Rim.

...


64x64

FATF reviews Mongolia’s effort on AML/CFT www.montsame.mn

The FATF has announced that the mutual evaluation and related follow-up processes of all countries would be postponed for four months due to COVID-19 pandemic. However, the Minister of Finance and the Governor of the Bank of Mongolia conveyed a formal request in March 2020 to not extend the deadline and continue on the current schedule and organize the assessment meeting online. As a result, the deadline has not been postponed as agreed by the FATF.

On June 30, the Financial Action Task Force (FATF) released the result of the review process of Mongolia’s effort on anti-money laundering and combating the financing of terrorism (AML/CFT) as noted below:

In October 2019, Mongolia made a high-level political commitment to work with the FATF and APG to strengthen the effectiveness of its AML/CFT regime and address any related technical deficiencies. The FATF has made the initial determination that Mongolia has substantially completed its action plan and warrants an on-site assessment to verify that the implementation of Mongolia’s AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future. Specifically, Mongolia has made the following key reforms:

(1) improving sectoral ML/TF risk understanding by DNFBP supervisors, applying a risk-based approach to supervision and applying proportionate and dissuasive sanctions for breaches of AML/CFT obligations; (2) demonstrating increased investigations and prosecutions of different types of ML activity in line with identified risks; (3) demonstrating further seizure and confiscation of falsely/non-declared currency and applying effective, proportionate and dissuasive sanctions; (4) demonstrating cooperation and coordination between authorities to prevent sanctions evasion; and (5) monitoring compliance by FIs and DNFBPs with their PF-related TFS obligations, including the application of proportionate and dissuasive sanctions.

The FATF will continue to monitor the COVID-19 situation and conduct an on-site visit at the earliest possible date.

 
 
 
...


64x64

ADB, Mongolia Sign Projects for COVID-19 Shock Response, Economic Cooperation Zone, Solid Waste Management www.montsame.mn

The Asian Development Bank (ADB) and Government of Mongolia today signed three projects to lessen the socioeconomic impacts of the coronavirus disease (COVID-19) pandemic on poor and vulnerable groups in Mongolia, to help support Mongolia’s post-pandemic recovery by developing an economic cooperation zone, and improve solid waste management.

Signing the Shock-Responsive Social Protection Project, for which ADB approved a $26.4 million loan, and the solid waste management project, for which a grant of $2 million is being provided from the Japan Fund for Poverty Reduction (JFPR), were ADB Country Director in Mongolia Pavit Ramachandran and Mongolian Minister of Finance Khurelbaatar Chimed. Signing the Developing the Economic Cooperation Zone Project, for which ADB is providing a $30 million loan, were Mr. Pavit Ramachandran and Deputy Prime Minister of Mongolia Enkhtuvshin Ulziisaikhan. Mr. Matsuhashi Tomoyuki, Second Secretary of the Embassy of Japan in Mongolia and representatives from line ministries also attended the ceremony.

“The Shock-Responsive Project is a key part of ADB’s package of support to mitigate the impact of COVID-19 in Mongolia,” said Mr. Ramachandran. “The project aims to lessen the socioeconomic impacts of the novel coronavirus disease (COVID-19) pandemic on poor and vulnerable groups in Mongolia, and to support the Government’s response in social protection.”

“The economic cooperation zone project” meanwhile will help stimulate the economy by providing job opportunities, improving connectivity, and reducing trade costs. The project will also facilitate international trade and help diversify Mongolia’s economy, which is crucial to the country’s post-pandemic economic recovery.

The project will develop the Zamyn-Uud free zone, situated near the busiest international border port between Mongolia and the People’s Republic of China in a district where the local economy and population rely heavily on border traffic and trade activities. It will support the construction and sustainable operations of new infrastructure and facilities in the free zone, as well as effective zone management. This will provide the foundation and environment needed for the private sector to build production capacity and help Mongolia expand trade activities and adapt to the rapidly evolving global economic landscape. Also, the project is part of a wider network of ADB trade-related projects in Mongolia along the Central Asia Regional Economic Cooperation (CAREC) program’s corridor 4b. It is expected to be completed by December 2025.

The grant for solid waste management will open new income and employment opportunities, particularly for poor, women and disadvantaged people, through waste reuse and recycling pilots and skills and business development. The project will conduct public education and awareness to promote effective and inclusive waste recycling and reuse. Recycling businesses and community organizations will receive small grants to pilot innovative programs that will reduce the waste stream and encourage greater recycling. The project will also support the provincial governments in developing the sector policy framework, build capacity in solid waste management and planning and will serve as a model that other secondary cities can replicate.

Four priority aimag capital cities, Darkhan-Uul, Gobi-Altai, Sukhbaatar and Uvurkhangai, have been identified for the project together with the Ministry of Construction and Urban Development, the project executing agency.

The project will help reduce long-term environmental and health risks for about 160,000 people in the four cities by eliminating economic and environmental losses and health costs. At least half of households in each project city will be involved in information dissemination activities and gain knowledge on green job opportunities in waste recycling and reuse.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: Asian Development Bank

...


64x64

MIAT Boeing makes emergency landing in Beijing www.news.mn

A Boeing aircraft from MIAT, Mongolian airlines had to make an emergency landing at Beijing airport after one of the engines failed. The incident took place earlier today (2 July) at 1.23 p.m.. Chartered flight OM302 was returning from Seoul after repatriating 170 Mongolians who had been stranded in South Korea. The aircraft took off at 05.40 p.m. from Chinggis Khaan international airport and was expected to return at 12.20 p.m. Therefore, another MIAT aircraft took off from Mongolia to Beijing to collect the returning passengers.

Separately, another MIAT chartered aircraft left for Seoul today (2 July) at 12.10 p.m. and is expected to return at 8.00 p.m. with more 252 passengers.

This month, Mongolia plans to repatriate some 3000 its nationals with 10 charter flights to Seoul, Frankfurt, Tokyo and Istanbul.

...


64x64

PM U.Khurelsukh to continue to lead Mongolian Government www.news.mn

Prime Minister U.Khurelsukh will continue to serve as head of the Mongolian Cabinet after 93.3 percent of parliament voted for him; only one Democratic Party member, B.Purevdorj, refused. Therefore, U.Khurelsukh becomes the 31st Prime Minister of Mongolia. Now, he is busy forming the new Cabinet.

The Mongolian People’s Party, which is the country’s ruling party, won 62 seats on the 24 June parliamentary election.

...


64x64

U.S. House passes bill to sanction Chinese banks over Hong Kong www.reuters.com

WASHINGTON (Reuters) - The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a “brutal, sweeping crackdown” on Hong Kong.

The measure passed by unanimous consent, reflecting concern in Washington over China’s enactment of a security law seen as ending the autonomy that allowed the former British colony to thrive as an international financial center.

The U.S. Senate passed similar legislation last week, but under congressional rules the bill must return to the Senate and be passed there before being sent to the White House for President Donald Trump to sign into law or veto.

Earlier, Pelosi made an unusual appearance at a committee hearing on the situation in Hong Kong to say the security law marked the death of the “One Country, Two Systems” principle.

“The law is a brutal, sweeping crackdown against the people of Hong Kong, intended to destroy the freedoms they were promised,” Pelosi said at the House Foreign Affairs Committee hearing.

Secretary of State Mike Pompeo said the security law was an affront to all nations and Washington would continue to implement Trump’s directive to end the territory’s special status.

The United States has already begun eliminating Hong Kong’s special status, halting defense exports and restricting the territory’s access to high technology products.

Reporting by Patricia Zengerle; Editing by Sandra Maler and David Gregorio

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook