Mongolia kicks off solar-plus-storage tender www.pv-magazine.com

The 5 MW Uliastai solar-plus-storage project will be located in the city of the same name in the western part of the country, around 1,100km from Ulaanbaatar. The facility is part of a plan to deploy 40 MW of solar and wind generation linked to energy storage in the nation’s western and Altai-Uliastai regions.

World Bank: Mongolia needs to continue strengthening fiscal policy www.zgm.mn

The World Bank announced Mongolia’s Economic Review Report on Friday. The country’s economic growth has moderated slightly in recent years, but the medium-term outlook remains positive, the report said. Considering the current situation of Mongolia’s economy, which is highly dependent on China, the impact of the new coronavirus may adversely affect the Mongolian economy, highlighted Andrei Mikhnov, World Bank Country Representative in Mongolia. He said, “The economic outlook is positive the medium-term, however, continuing to strengthen fiscal policy and maximizing foreign exchange reserves by keeping the FX interventions at a decent level remains the two most important policy goals for policymakers. Government’s economic reform in 2020 will play a significant role in market outlook and foreign direct investment of Mongolia.” Previously in April, it anticipated Mongolia’s economy to grow 6.9 percent in 2019 and 6.3 percent in 2020. The report cautions of the risks, namely the political uncertainty, commodity price fluctuations, cross-border bottlenecks, implementation delay mega projects, and slower implementation of banking sector reforms.In 2020-2021, the economy is expected to grow by an average of 5.6 percent, due to sustained growth in personal consumption and investment in the mining and industrial sectors. The Government of Mongolia also said that it would continue a unified fiscal policy aimed at continuing to reduce government debt in the medium term by increasing budget revenues and efficiently optimizing the spending. Highlights of the report include the banking sector’s credit process or dynamics, especially in light of recent developments, actions taken by the government and policymakers, and some policy recommendations. World Bank Senior Economist for Mongolia, Jean-Pascal N. Nganou said, “Strengthening the stability of the financial sector, in particular, lending policies and the stability of the banking sector is important in improving macroeconomic stability, increasing employment, and thereby reducing poverty. Monetary policymakers, who have tightened their monetary policy since the end of 2018, have been maintaining credit growth. In the future, it is crucial to prevent the risks that may arise through proper macro-policies.”

Third neighbor policy on Mongolian-Japanese relations (1) www.zgm.mn

(OPINION by Olkhonud Bayarkhuu)
Mongolia’s one of the important bases of foreign policy is to strengthen ties with leading countries around the world and ensure their economic interest in Mongolia; it has been implementing successfully. In the framework, Mongolia is working to level up foreign relations with Japan to the 21st century’s “Comprehensive relationship”. Since the establishment of diplomatic relations between Mongolia and Japan in 1972, cooperation has been continued to develop steadily. The 40-year history since the establishment of diplomatic relations between the two countries can be divided into two, each with 20 years. During the first 20 years, the two countries’ political system was different, but it was possible to begin a cultural relationship and maintain a normal atmosphere of communication. Since 1990, Mongolia mainly focused on economic cooperation as it began pursuing a multilateral independent foreign policy by choosing democracy and open market. In the last 30 years, in which bilateral relations between Mongolia and Japan had developed dramatically, Japan had continued a policy of supporting Mongolia’s democracy in bilateral relations and internationally since 1991. Mongolia had also set a goal of expanding relations and cooperation with Japan as one of its foreign policy priorities, and this has been implemented by the Government of Mongolia. In this regard, I would like to express my views on why Japan is important to Mongolia, why it should be a third neighbor, and how Japan perceives our interests. A little introduction. A neighbor is a country that is geographically has a common border. Russia and China are Mongolia’s direct neighbors. So the concept of expanded neighbor is geopolitical. There is another important point which is a strategic neighbor. Putting the these two together, we call it the third neighbor. The year 2019 will remain in history as the third-party strategic relationships has been balanced over the time. As with the new phase of Mongolia- U.S relations (signed strategic partnership agreement), the Mongolia-Japan relations have significantly moved ahead as well. The recent political high-level visits of Mongolia and Japan encouraged to maintain the frequency of official talks and make it more often. President Battulga Khaltmaa and Prime Minister Abe Shinzo hold summit meetings regularly. Prime Minister of Mongolia Kurelsukh Ukhnaa visited Japan in late 2018 and attended the enthronement ceremony of the new Emperor of Japan in 2019. After attending the ceremony, he also met Prime Minister Abe Shinzo. In a statement of Prime Minister Khurelsukh’s visit in 2018, “The sides evaluated the implementation of the “Mid-term Action Plan” and mentioned that the relationship has been growing stronger in a broad range of fields such as trade, economy, culture, and public exchange”. Expressing satisfaction with the strengthening relations within the framework, Mongolia notes the relationship with Japan as a “region of politics, security, and defense.” It proves that Japan is the third neighbor of Mongolia in terms of politics. Mongolia supported Japan’s efforts to consolidate the “Free and Open Indo-Pacific Strategy” proposed by Mr. Abe. Foreign Minister of Japan T. Kono visited our country in the summer of 2019. It has been 48 years since the establishment of the Mongolian-Japanese diplomatic relations. After Mongolia has transitioned to a democratic society, the relations between the two countries have been consistently developing. From third neighbor countries, Japan has established the Strategic Partnership with Mongolia first (2010) and also the first country to establish free trade agreements (the Economic Partnership Agreement or EPA). Implementation of the agreement is moving forward one step further as Mongolia successfully hosted the Japan-Mongolia Business Forum, “Invest in Mongolia” in Tokyo. Defense cooperation between Mongolia and Japan had improved significantly in 2019. Takayuki Onozuka, Vice Chief of Staff of Japan Ground Self Defense Force, paid a visit to our country. The defense cooperation between the two countries was further enhanced by the signing of a Memorandum of Understanding in 2012. It expanded the level and direction of cooperation. As part of Japan’s Capacity Building Assistance Program, we have successfully identified two main areas: military engineering and a military hospital. In 2014- 2016, the first phase had started to increase military engineering capabilities, and in 2017, the second stage commenced with joint training and internship. In the future, the two countries will work in many areas, including training military personnel and experience in peacekeeping. It would seem right to give some explanations on why relations with Japan are so important to our country. The following logic emerges when we consider the power balance in the world, the general atmosphere of international affairs, regional relations and cooperation, as well as the external environment around Mongolia. Mongolia is actively working with the United States, Japan, and Western Europe, which are considered to be third parties to prevent the country from becoming too close to Russia and China, not to be too dependent on its northern neighbor and to support the democratic process in Mongolia. In Mongolia, foreign policy can be considered a de facto neutral foreign policy. China, Russia, as well as Japan and the United States are intensifying their efforts to attract Mongolia. Mongolia classifies them as the two direct neighbors and the third strategic parties.

Erdenes TT to distribute profit to its shareholders www.news.mn

Earlier yesterday (17 February), the executive board of the Erdenes Tavan Tolgoi JSC decided to distribute profit to those Mongolian citizens who own its 1072 shares units. According to a press release by D.Sumiyabazar, Minister of Mining and Heavy Industries and B.Bayarsaikhan, director of the executive board of Erdenes TT, the company will distribute MNT 90 per share. People who own 1072 shares will get MNT 96480.

Covid-19 restrictions hit Mongolia’s coal exports www.news.mn

Mongolia has set a goal to export 42 million tonnes of coal in 2020. However, the country has been forced to suspended coal deliveries to China on Friday as a measure to prevent the spread of Covid-19 across the border.

Rio submits feasibility study for Tavan Tolgoi power plant www.reuters.com

Rio Tinto (NYSE, ASX:RIO) on Tuesday said its Mongolian copper mine project has submitted a feasibility study to the local government in its bid to secure domestically sourced power for the East Asian’s country’s biggest foreign investment project.

China reports 5,000 new coronavirus cases, cruise ship disembarks in Cambodia www.reuters.com

Rio Tinto Warns Client over Copper Deliveries Delays from Mongolia www.steelguru.com

Rio Tinto, which sends copper into China from its Oyu Tolgoi copper and gold mine in Mongolia has warned its customers of delays due to restrictions imposed by authorities. A spokesman said "Rio Tinto confirms there has been a slowdown in copper concentrate imports crossing the Mongolia-China border related to coronavirus containment efforts by local authorities. We have advised customers that we are engaging with authorities who are working on re-establishing regular and safe border crossings."

Czech and Mongolian geologists continue serious cooperation www.montsame.mn

A five-year project with non-refundable aid is to be implemented by the Czech Science Foundation in Mongolia. The Centre for Lithospheric Research of the Czech Geological Survey chaired by Prof. Karel Schulman, the Institute of Petrology and Geological Structure of Faculty of Science of the Charles University chaired by Ondrej Lex and the Czech Science Foundation have all decided to implement the project. The aims include continuing close cooperation with Mongolian scholars.

Implementing unit for project on recycling food waste to be established www.montsame.mn

Ulaanbaatar /MONTSAME/. At its meeting on February 12, Presidium of the Citizens’ Representative Khural discussed establishing the implementing unit for a project on recycling food waste in Ulaanbaatar to be implemented with financing from the Japan Fund for Poverty Reduction.