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

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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The U.S. reiterates its commitment to support Mongolia’s Third Neighbor Policy www.montsame.mn

Ulaanbaatar /MONTSAME/ AmCham Mongolia hosted U.S. Ambassador to Mongolia Michael Klecheski for its July Online Monthly Meeting. Over 30 attendees joined the meeting representing AmCham member companies, domestic and international businesses operating in Mongolia. Mr. Jay Liotta, Chairman of AmCham Mongolia, opened the meeting and congratulated Mongolia on the recent, democratically held elections.

He proceeded to say that sharing rights to freedom of speech, freedom of the press, freedom of religious beliefs and practices, and the right to peacefully assemble, bond our two countries together. When put into the geopolitical context, democracy in Mongolia is a fantastic story as the two authoritarian neighbors continuously try to re-order Eurasia in their image. It is in the U.S.’s best interest to support Mongolia’s independence and its people’s freedom and prosperity. AmCham and its members have been doing our part to grow and strengthen the ties between the two countries through our annual Doorknock to Washington DC, Trade missions throughout the U.S., the U.S. expo in Mongolia and our working groups and its advocacy efforts. Our political neutrality and our advocacy efforts for an independent, private sector-driven, free-market economy have become the hallmarks of our organization. Lastly, Chairman Liotta expressed his gratitude to Ambassador Klecheski and the U.S. embassy in Ulaanbaatar, Mongolia, for our shared collaboration and partnership in addressing Mongolia’s greylisting, advocating for the Third Neighbor Trade Act and other initiatives.

Ambassador Klecheski opened his speech by applauding AmCham Mongolia, and he said, “I’m pleased to say that AmCham too has forged ahead even in the face of the pandemic. Congratulations to AmCham on a good menu of virtual programming, a brisk pace of information-sharing, and the establishment of two new committees right amid coronavirus. ICT and the digital economy are pivotal, so this new committee is an important addition to AmCham’s organizational structure. I’ve always felt the corporate social responsibility that American firms display deserves to be highlighted and built on as much as possible, so I welcome the creation of the new CSR committee.”

H.E. Michael S. Klecheski then highlighted that the bilateral relations between the two countries continue to grow thanks to efforts like the Millennium Challenge Corporation (MCC) ‘s 350 million USD grant project addressing Mongolia’s water challenges in the capital city. The U.S. government, through the United States Agency for International Development (USAID), has provided 1.5 million USD to U.N. agencies to help Mongolia address the COVID-19 global pandemic. USAID has also launched a five-year Business Excellence for Sustainability and Transparency (BEST) project worth 15 million USD to help grow and diversify Mongolia’s economy by supporting small and medium enterprises (SMEs) and improving economic governance and accountability.

In regards to the bilateral economic ties, U.S. exports to Mongolia reached the highest in the last five years, increasing 60% from the previous year to 193 million USD. Mongolian exports to the U.S. has also grown to 25 million USD in 2019 compared to 10 million USD the year before. The Government of the United States, through the U.S. Embassy in Ulaanbaatar, consider helping Mongolia to be more self-sustaining and economically sovereign to be a priority, which is why spreading the word about the Generalized System of Preferences (GSP) to assist in Mongolian cashmere exports to the U.S. is essential.

Furthermore, the U.S. Foreign Direct Investment (FDI) increased to 788 million USD in 2020, a 90% increase from 2 years ago, making the U.S. the 4th largest FDI in Mongolia. Our top priority is an implementation of the Transparency Agreement, and we are working on streamlining legalinfo.mn to include a function of public commenting. And lastly, for us, banking sector reform means well-capitalized and healthy banks, fully enforced anti-money laundering efforts, which is a precondition for extension of IMF program.

source: AmCham Mongolia

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Copper prices may see ‘supercharged recovery’ in 2020 www.rt.com

The price of copper, which has surged lately, is likely to stabilize in the coming quarters, industry experts say. The red metal is often seen as a bellwether for the general state of the global economy.
Three-month copper futures on the London Metal Exchange (LME) hit the $6,000-a-ton mark by the end of June, rebounding from its low of around $4,626.50 at the height of Covid-19 fears in March. On Monday, three-month copper on the LME rose 1.2 percent to trade at around $6,088 a ton.

According to Jonathan Barnes, senior copper analyst at Roskill, copper prices will be influenced by continued pressure on supply in the coming quarters. “So, what we might actually see is a supercharged recovery in the copper price this year, but actually next year we could see the prices more or less stabilize because this unique impact of Covid-19 and the dislocation to the scrap market suddenly is absent,” he told CNBC.

Experts at Citi say the metal could be overvalued going into the third quarter. “The copper rally over the past month, from $5,700 a ton to over $6,000 a ton, has occurred against a backdrop of flat-to-falling equity prices and bond yields, leaving copper looking overvalued by $220 to $420 per ton based on these historical relationships,” said the bank’s analysts.

“Overall, we stick with our very near-term point price target of $5,750 a ton (versus spot of $6,050 a ton) though we see a window for a pullback as the two to four weeks, and ultimately we recommend buying on dips,” they said.

They were echoed by Saxo Bank analysts, with the head of its commodity strategy Ole Hansen saying: “Copper’s recent recovery to pre-pandemic levels will challenge the metal’s ability to reach higher ground in the third quarter.”

The strategist explained that “a recovery in Chinese demand, combined with supply disruptions at mines in South America, were the triggers that finally forced speculators back into long positions following the break above $2.50/lb. The risk of a second wave – especially in the US and China, the world’s two biggest consumers – may force a rethink and we see no further upside during the coming quarter.”

Demand for the metal is projected to be stronger in the second half of the year, as economies and industries restart across the globe.

“We have a positive outlook and expect quite solid demand growth over the next few years,” Eleni Joannides, principal analyst in Wood Mackenzie’s copper team, told CNBC. “But while the picture is looking positive for demand, it’s looking even stronger on the supply side. So, when we look at the balance between supply and demand, we’re still looking at a surplus market for the next couple of years, and that will put some downward pressure on prices.”

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China-Mongolia border port sees more China-Europe freight trains in H1 www.hellenicshippingnews.com

A total of 956 China-Europe freight trains passed through the border port of Erenhot in north China’s Inner Mongolia Autonomous Region in the first half of this year, an increase of 34 percent year on year, local authorities said Friday.

Of them, 414 were outbound and 542 inbound, according to the Erenhot station of exit and entry frontier inspection.

These freight trains carried a total of 960,000 tonnes of goods worth around 1.7 billion U.S. dollars from January to June, up 65.6 percent and 2.7 percent year on year, respectively, the local customs data showed.

Initiated in 2011, the China-Europe cargo rail transport service is considered a significant part of the Belt and Road Initiative to boost trade between China and countries participating in the program. Amid the novel coronavirus pandemic, the service remains a reliable transportation channel.

The Erenhot Port is the largest land port on the border between China and Mongolia. So far, there are 38 routes of China-Europe freight trains via the land port.
Source: Xinhua

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Mongolia to develop Zamyn-Uud Free Zone with ADB loan www.news.mn

The Asian Development Bank (ADB) and the Government of Mongolia signed three projects to lessen the socioeconomic impacts of the coronavirus (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.

Present at the signing of the Shock-Responsive Social Protection Project, for which the ADB approved a USD 26.4 million loan, and the solid waste management project, for which a grant of USD 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 Economic Cooperation Zone Project, for which the ADB is providing a USD 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 project will develop the Zamyn-Uud Free Zone, situated near the busiest international border crossing 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.

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Turkey helps to improve agriculture production in Mongolia www.news.mn

The Turkish Cooperation and Coordination Agency (TIKA) in cooperation with the Mongolian Agricultural University Faculty of Animal Husbandry and Biotechnology has been implementing a multi-faceted agricultural project in the country.

As part of the Support to Animal Feed Plant Growing Project, 10 hectares (24.7 acres) of cultivatied land was created with alfalfa seeds and equipment brought from Turkey.

A statement said the rising air temperature in Mongolia due to global warming has been causing various problems such as drought and the subsequent insufficiency of animal feed in the summer, making the country’s economic infrastructure and lives of animal owners difficult. Due to the harsh winter climate in Mongolia and the presence of about 80 million animals, the livestock sector is a vitally important sector for the country’s economy.

The project of sharing Turkey’s experience in livestock feed and farming areas with Mongolia first started in 2017, and has continued with a three-year trial planting in different parts of the country in line with the feasibility report prepared by Turkish agricultural experts who examined the soil structure and climate conditions of Mongolia.

As part of the project, 10 hectares of hedged experimental area in the Altanbulag and Bornuur districts of the Tov Province in northern Mongolia have been provided with irrigation systems, motor pumps, feed plant pressing machines, and back pulverizers.

TIKA has also provided laboratory equipment to be used for scientific studies at the Mongolia Agricultural University Faculty of Animal Husbandry and Biotechnology.

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Coronavirus cost global economy 400 MILLION full-time jobs – UN labor agency www.rt.com

Global working hours are expected to have plummeted by 14 percent in the second quarter of 2020 as a result of the Covid-19 pandemic, according to the International Labour Organization (ILO).
The fall is the equivalent to 400 million full-time job losses globally in the second quarter, based on a standard 48-hour working week. The ILO previously projected a 10.7 percent fall in working hours, or 305 million job losses, for the period.

According to the report, the Americas were the most affected region, with an estimated 18.3 percent drop in working hours, or 70 million full-time jobs.

The report said there were multiple factors causing this global decline such as, shorter working hours, temporary leave — or furlough — as well as unemployment and “inactivity.”

The United Nations’ labor agency, the ILO, has outlined three different scenarios for a labor market recovery in the second half of 2020.

In its baseline model the ILO projected a 4.9 percent decline in working hours, or 140 million job losses, compared to the fourth quarter of 2019. The scenario assumed a rebound in economic activity according to existing forecasts, the lifting of workplace lockdown restrictions, in addition to a recovery in consumption and investment.

A pessimistic scenario would see an estimated 11.9 percent fall in working hours, or 340 million job losses. That is based on an assumed second wave of coronavirus cases, prompting the return of lockdown restrictions, therefore meaning a “significantly slow recovery.”

The optimistic model would work out at an estimated 1.2 percent decrease in working hours, or 34 million job cuts. Such a best-case scenario would be the result of workers’ activities resuming quickly, “significantly boosting aggregate demand and job creation.”

The director-general of the ILO Guy Ryder said “The decisions we adopt now will echo in the years to come and beyond 2030,” adding that “we need to redouble our efforts if we want to come out of this crisis in a better shape than when it started.”

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263 Mongolian nationals return from Japan www.montsame.mn

Ulaanbaatar /MONTSAME/. A charter flight en route Tokyo-Ulaanbaatar, bringing 263 Mongolian nationals, has landed at Buyant-Ukhaa International Airport in Ulaanbaatar on July 4 at 7:00 pm.

Among the passengers, there were 94 families with young children, 23 pregnant women, 65 elders and their caregivers, 28 people with medical reasons, and 53 people with reasonable excuses such as finances and visas.

The citizens arrived on the flight have been put into 21-day mandatory isolation at the National Center for Communicable Diseases, Central Military Hospital, and other isolation facilities.

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Mongolia reports no new COVID-19 case for 6th consecutive day www.xinhuanet.com

July 5 (Xinhua) -- Mongolia reported no new COVID-19 cases in the last 24 hours, with the national tally standing at 220, marking the sixth consecutive day without new cases, the country's National Center for Communicable Diseases (NCCD) said Sunday.

Meanwhile, two more patients have recovered from the disease, bringing the total recoveries to 185, the NCCD said in statement.

All the 220 confirmed cases in the country were imported, mostly from Russia, according to the center.

A French national tested positive for the virus on March 10, becoming the first case in Mongolia. So far, no local transmissions or deaths have been reported in the country. Enditem

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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)

 
 
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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.

 
 
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