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    

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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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Mongolia announces two and a half months fishing ban www.xinhuanet.com

Mongolia announced a two-and-a-half-month ban on fishing to conserve fish stocks in rivers and lakes during their breeding period, the Ecological Police Department said Monday.
The fishing ban will remain in force until June 15, the department said in a statement.
According to the country's law on fauna, Mongolia has imposed restrictions on catching all kinds of fish for a total of 75 days every year for proper breeding, production, preservation and sustainable collection of fish in some rivers and lakes of Mongolia, it said.
Violation of fishing rules entails the imposition of an administrative fine on citizens in the amount of 300,000 tugrik (more than 84.8 U.S. dollars) and on legal entities in the amount of 3 million tugrik (848 dollars)

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"Mongolia is a market brimming with untapped potential" www.mumnet.com

In August 2024, Nyambaatar Purevdorj was appointed Managing Director of the new country unit M&M Militzer and Muench Mongolia LLC. In this interview, he talks about the Mongolian logistics market, the development of Militzer & Münch’s business in his country, and why logistics is his passion.
Mr. Purevdorj, in August last year you took on your new role, becoming one of the youngest Managing Directors of the Militzer & Münch Group at the age of 33. How have you been getting on in your first few months in the job?
As this is my first position as Managing Director, I have gained a lot of new experiences in the last few months. It was a big challenge at the beginning, but it has also been a very fulfilling task from the outset. I am grateful to my superiors and colleagues for providing me with valuable support during this time. Friends and family often describe me as a passionate person. Being passionate helps me to overcome all the challenges I face in my new role.
How would you describe the Mongolian logistics market?
Compared to the markets of the major global powers, Mongolia is a smaller market but offers numerous untapped opportunities. There are several well-established routes into and out of the country that importers and exporters are keen to use. Mongolia’s most important trade partners are its immediate neighbors. Since Mongolia is one of the countries with the largest mineral resources, some of its main export commodities are coal, fluorspar and iron ore, as well as cashmere wool. Key imports are petroleum products, machinery, vehicles, electronic products and foodstuff.
How does Militzer & Münch operate in Mongolia?
Militzer & Münch Germany has had an office in Ulaanbaatar since 1992. So, we have been operating in Mongolia for more than 30 years. So far, we have been particularly strong in the LTL transport sector. In July 2024, we expanded by opening our own country unit, M&M Militzer and Muench Mongolia LLC. Since then, we have expanded our services to include all modes of transport and are no longer limited to road freight and domestic services. We are currently in the process of establishing ourselves as experts in transit through Mongolia, adding this important field to Militzer & Münch’s already extensive global network. One of our main goals is to further expand our market share in traffics to and from Mongolia.
What do you particularly like about your work?
Logistics is a challenging field, and I see it as my profession and my calling at the same time. I always say that there are always opportunities in the midst of chaos.  Most of all, I enjoy the sense of achievement that comes when you overcome particularly difficult obstacles.
At Militzer & Münch, I particularly appreciate the company’s precise decision-making and ability of the M&M Group to take on any project, no matter how difficult. We have a remarkable 145 years of experience in logistics, and it shows. I am very proud to represent Militzer & Münch to our customers and to demonstrate our commitment to excellence. The corporate culture is perfectly aligned with my personal values. What counts here, is clear communication, and recognition for good performance.

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Tugrug's Exchange Rate Projected to Stabilize www.montsame.mn

The Bank of Mongolia is focusing on reducing fluctuations caused by the supply and demand imbalance, as the pressure on tugrug’s depreciation caused by the balance of payments deficit has been increasing in the first quarter of 2025.
The pressure on the depreciation of the tugrug is expected to decrease based on factors including the reduction in the balance of payments deficit, the depreciation of the US dollar in international markets, and the increase in the relative return of the tugrug.
As of March 2025, the balance of payments deficit is projected to be USD 616.3 million. The Bank of Mongolia announced that the decline in coal exports contributed to the balance of payments deficit.

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Australian operator eyes LNG project to exploit Mongolian unconventional gas www.upstreamonline.com

Australian junior Jade Gas has come up trumps with its recent production drilling campaign on the Red Lake coal seam gas (coalbed methane) field in the South Gobi region of Mongolia, and is eyeing near-term commercialisation opportunities via a compressed natural gas (CNG) project.
Jade on Friday said that horizontal drilling successfully completed at second gas production well intersected an 800 metre-plus net coal reservoir resulting in a combined 1500 metres of “gassy coal”.
Both wells are now being equipped for production and are expected to be online and producing within the next three to four weeks. Total gas measured in the second well by the gas detector and observed in the drilling mud encouragingly indicated higher gas levels than was measured in the first production well, noted the operator.
Jade expects to complete an agreement with a midstream manufacturer of fully integrated CNG equipment which will enable it to commercialise the gas from these initial two wells.
These CNG facilities are easily transportable and are able to take lightly processed gas and convert into a saleable and marketable form which, Jade said, would enable it to potentially deliver volumes to various markets in the immediate vicinity. These markets are in need of a cleaner and more secure fuel source including the displacement of diesel, which currently powers the large coal haulage truck fleet in the South Gobi, noted the ASX-listed operator.
The second production well on the Red Lake CSG asset was drilled to a total measured depth of 1507 metres with a lateral section of approximately 902 metres. Within the lateral section, 802 metres of net coal was intersected in the target seam, resulting in 88.9% net coal pay.
As with the first production well, a 5 ½-inch pre-drilled liner staged cementing tool and 5 ½-inch casing string are being set in the well, with the stage cementing packer located just above the entry point to seam IIIb in the heel of the lateral.
Activities will now focus on completion of these first two wells and production testing. After the pumps and production equipment are installed, the water and gas flow will be analysed and used to continue to refine the planned development operation of the Tavan Tolgoi (TT) CBM field.
The TT CBM project has a 2C gross unrisked contingent resource of 246 billion cubic feet of gas.
"Production drilling results confirm our confidence in the Red Lake gas field being a future world class gas producer. We will complete these first two production wells and bring them online as soon as possible. We then eagerly await confirmation of gas flow rates,” commented Jade’s executive chairman, Dennis Morton.
Mongolia’s Tavan Tolgoi basin is located within an area with high energy demand for electricity, fuel for engines and as a base load energy supply to underpin intermittent renewables, noted Morton.
“We are not too far away from gas production and gas sales in some form. Our gas commercialisation plan is built around a modular and scalable LNG project, but we are also canvassing other, nearer term, and lower capex opportunities in the form of CNG, a product that is also utilised in displacing diesel in coal haulage trucks and which we expect will be under great demand."
Jade last year partnered with Yan’an Drilling Wellking Energy Technology Service (DWK) to expedite the development of its Red Lake CBM resource.
"When drilling the first production well, and our first well in Mongolia, we took a little more time so as to understand the coal seam during the lateral part of the drilling process. After the success and understanding of the first well, it allowed us to complete the second well quicker,” said Elton Dong of DWK.
“This second well outshines the first well with higher gas readings supporting the company's desire to quickly commercialise the gas. As with similar wells we have drilled in the Qinshui Basin in China, we will now look to put these two wells into production within the next few weeks and move on to drilling the next wells."
BY Amanda Battersby
Asia Bureau Chief Singapore

 

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Mongolia inflation accelerates to 9.1 percent in March www.xinhuanet.com

Mongolia's annual inflation rate accelerated to 9.1 percent in March, local media reported on Sunday, citing the National Statistics Office (NSO).
This figure reflects a 2.9-percentage point increase compared to the same period last year and a 0.3-percentage point increase from the previous month, the NSO said in a statement.
Rising energy costs have caused concern for Mongolia's central bank, which has raised interest rates to 12 percent in March in a bid to battle inflation.
Mongolia's central bank targets an inflation rate within a range of 5 percent (+/- 2.0 percentage points) from 2027 to support macroeconomic and financial sector stability in the medium-term.
Mongolia's economy in 2025 is expected to grow by 6.6 percent.
According to the Asian Development Bank, economic growth in Mongolia will be mainly driven by increased mining output and services and supported by robust domestic demand, infrastructure investment, and a gradual recovery in agriculture.

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Mongolia-China Rail Link Set to Boost Coal Trade www.oilprice.com

Construction work is tentatively due to start on a dual-gauge rail line between China and the Republic of Mongolia. Reports indicate that the rail line will increase coking coal transport by up to 30%. Current estimates say the project will begin in April, with completion scheduled for 2028.
Dual-Gauge Rail System to Solve Major Problems
Mid-February reports noted that the 240-kilometer, dual-gauge line will run from mines at Tavan Tolgoi in Mongolia to the town of Gashuun Sukhait on the border with China. It is important to note that rail gauges, or the width between rails, differ between the two countries. While Mongolia’s network uses Russian gauge (1520mm), China utilizes the European standard of 1,435mm.
Because of this difference, workers need to transfer coal shipments from Mongolian trains to Chinese trains at the border. However, a dual-gauge line would negate that need and allow a seamless connection over the border.
A Big Step Forward for Mongolian-Chinese Trade
Reports stated that the Mongolian government announced the agreement after talks between Chinese Premier Li Qiang and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene in Harbin, Heilongjiang province.
Mongolia’s Tavan Tolgoi is one of the world’s largest coal deposits, with an estimated total resource of 6.4 billion metric tons. Of that, up to 40% is coking-quality coal. Mongolian Mining Journal (MMJ) stated that the country exported over 34.5 million metric tons of coking coal to China in the first seven months of 2024, a significant increase from the 26.6 million metric tons shipped over the same period in 2023.
Mongolia Now China’s Leading Coking Coal Supplier
In addition to representing a 30% increase on the year, the 2024 volume makes Mongolia the primary supplier of coking coal to China, at 51.1% of total imports. Meanwhile, China resumed coking coal imports from Australia in early 2023, following its initial ban in late 2020. However, MMJ noted that  “physical volume remains several times lower than pre-ban levels.”
Steelmakers use coking coal to produce coke, which they then charge into blast furnaces as part of pig iron production to reduce iron ore into molten iron. The feedstock also acts as a carbon-reducing agent during pig iron production.
On February 25, the World Steel Association reported that Chinese steelmakers poured an estimated 81.9 million metric tons of crude steel in January, down 5.6% year on year from 86.8 million metric tons. However, the latest volume is nonetheless up 7.76% from the 76 million metric tons poured in December.
By Christopher Rivituso

 

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Mongolia and the United States Discuss Opportunities for Mutually Beneficial Cooperation www.montsame.mn

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai received Ambassador Extraordinary and Plenipotentiary of the United States to Mongolia Richard Buangan on April 13, 2025.
The two sides exchanged views and information on the progress of ongoing efforts to strengthen the "Strategic Third Neighbor Partnership" between Mongolia and the United States and discussed enhancing bilateral relations and cooperation.
Ambassador Richard Buangan presented Prime Minister Oyun-Erdene with an overview of the policies and initiatives being implemented by the new Administration of the United States, and exchanged views on opportunities for mutually beneficial cooperation between Mongolia and the United States.

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46.7% rated ‘good’ in governance www.ubpost.mn

A consolidated report assessing compliance risks across Mongolia’s regulated financial sector for 2024 was officially issued on April 9. The report is based on the newly approved “Compliance Risk Assessment Methodology”, which aims to improve the compliance environment, ensure lawful operations and foster a culture of accountability within financial institutions.
As part of the broader evaluation, the implementation of the Corporate Governance Code was also reviewed. According to the report, 46.7 percent of the surveyed organizations were rated as “good” in terms of corporate governance practices, while another 46.7 percent were rated “average”. Only 6.6 percent received a rating of “insufficient”, highlighting both progress and areas that require targeted improvement in governance standards.
The diversity of the financial sector was also reflected in the composition of the organizations surveyed. Among them, 39.4 percent had between six and 11 years of operational experience, while 27.7 percent had been in business for up to five years. Institutions with 12 to 17 years of experience made up 17 percent of the total, and 15.9 percent had over 18 years of experience in the sector. These variations in institutional maturity were noted as relevant factors in how compliance and governance frameworks are adopted and applied. In terms of physical presence and operational scale, 40.4 percent of the organizations reported having no branch offices, while 31.9 percent operated between one to three branches. A further 14.9 percent had more than ten branches, and 12.8 percent had between four and nine. 
The methodology provides a structured framework for identifying, assessing and managing compliance risks. It serves as both a regulatory tool and a guide for institutions to recognize vulnerabilities, evaluate potential risks and design appropriate mitigation strategies. The objective is not only to prevent regulatory breaches but also to enhance long-term institutional resilience and credibility.
The assessment was based on compliance reports submitted by various types of financial institutions operating under regulatory supervision. These reports were evaluated using the standard methodology, allowing for a unified understanding of sector-wide compliance challenges and risk patterns. The findings were synthesized into a comprehensive national report that reflects the current state of compliance within the financial sector.
According to regulators, compliance plays a critical role in ensuring that financial activities are carried out in accordance with applicable laws and standards. Beyond legal adherence, the compliance risk assessment process helps detect weaknesses in governance and internal control systems. It supports the early identification of potentially harmful practices and enables institutions to implement timely and effective preventive measures.

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130 families lose homes in western Mongolia due to strong winds, dust storms www.xinhuanet.com

At least 130 families lost their homes in the western Mongolian province of Govi-Altai due to strong winds and dust storms, the country's National Emergency Management Agency said Sunday.
Meanwhile, roofs of around 17 apartments were taken down in the dust storms that hit the province on Saturday, the agency said.
In addition, the dust storms disrupted power supply to some households, mainly in the western parts of the country, it added.
Mongolia has a harsh continental climate as strong winds, snow and dust storms are common in spring.
Climate change-related desertification is the main factor behind the increasing frequency of dust storms in Mongolia in recent years, according to the country's Ministry of Environment and Climate Change.
Around 77 percent of Mongolia's total territory has been affected by desertification and land degradation, according to official data.

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Grace Berg: When I was in Mongolia, it felt even more amazing than I had imagined www.gogo.mn

For this edition of our interview series "Mongolia Through Foreign Eyes," we invited American professional basketball player Grace Berg for our column. She previously played for the Ulaanbaatar Amazons women's basketball team.
Interestingly, the Ulaanbaatar Amazons were crowned champions in the finals of the 2024–2025 season of the Women's National Premier League.
How long have you been in Mongolia?  
I was there for six months. I arrived in the middle of September and left in the middle of March.
So, you haven't been here during the summertime, right?  
Unfortunately, I haven't. And everyone says that's the best part.
But I hope you had at least a chance to travel while you were here.
Yeah, a little bit. One time we played in Darkhan city. Then, me and my teammates went to the big Chinggis Khan statue outside of the city. So, I saw a little bit of the countryside there. That was pretty neat. But I know a lot of other regions or cities are pretty far from the capital, Ulaanbaatar, so I didn’t get to explore much beyond that. But there’s so much to see in the city, and I got to experience a lot of that.
I'm so curious about your first impression right after you came to Mongolia.  
Yes, it was definitely different. I had never been out of the country before this, and this was my second time traveling abroad, but my first time living in another country long-term. I knew there would be a language barrier for sure, which I had prepared for. But I think everything was much more beautiful than I imagined. There was a lot more diversity in the city – from the food to the people walking around. I guess it was just a culture shock, too. But I thought it was really interesting to see so much diversity there. Also, it was warm when I first arrived, so I thought it would be cold the entire time, but I was wearing shorts a few days in. It was just beautiful. I think my expectations were pretty high, but what I saw and experienced exceeded them.
You mentioned Mongolian food. So, what is your favorite traditional Mongolian food?
I think buuz was my favorite. But I really didn’t go to any bad restaurants – everything I tried was really good. I liked everything!
Did you celebrate Lunar New Year while you were here?  
Actually, my teammates gave my mom and me traditional Mongolian outfits as a gift for the Lunar New Year because she was visiting at that time. That was really cool and kind of them. I didn’t dress up, but I went to one gathering. It was great to learn about the culture because, as someone who plays basketball and travels, I always want to learn about the places I visit and the people. I think that’s awesome and respectful. I also wanted to learn about these traditions and experience them with my teammates and coaches, so it was a special moment.
Please tell us one of your unforgettable memories that happened in Mongolia.  
I think the most unforgettable moment was when we won the championship. That was pretty obvious. It was so fun. Also, the day the team went to the Chinggis Khan statue – the whole team made it a full-day activity. Outside the museum, there’s a place where you can dress up as a Mongolian princess. We took pictures there, and that was pretty cool.
What did you learn the most after you came to Mongolia?  
I learned that, even though I couldn’t speak Mongolian fluently (I know a few words), there are still ways to communicate – whether that’s with hand signals or just being nice to people. It was so neat to see that in action. Some of my teammates knew basic English, and I knew some basic Mongolian, but we were still able to play basketball and communicate and be friends. That’s something I’d never experienced before, and I won’t forget it.
What did you enjoy the most while studying in Mongolia?  
My most enjoyable experience was just getting to know my teammates and playing basketball. We were really successful that season, which made it even better. My teammates were so kind and welcoming, and maybe that wasn’t what I was expecting. As a foreigner, you never know what to expect from teammates and coaches, but they were some of the nicest people I’ve ever met. They were so welcoming and supportive. It was my first experience playing and living in another country, and that made everything easier because I didn’t feel homesick or sad being so far from home. Having such welcoming teammates really made it easy to play and live far away.
Compared to athletes from other countries, what are some unique features of Mongolian players? 
I think a lot of players in Mongolia work really hard. One thing you notice is that people can sometimes be lazy in other places, but in Mongolia, I saw a lot of people who were really appreciative of what they had. That made me want to work harder. The game was very physical, and sometimes there were scratches and bruises, not from fouls, but just from the physicality of the game. Mongolian players use that to their advantage defensively, and they’re really fast.
What is your goal in your career?
I’ve always wanted to play professionally basketball after college, because I wanted to travel the world. Along with this, I think I want to learn as much as I can in each country I visit or live. Winning championships are pretty fun too, but getting to know my teammates, coaches, and those within the organization might matter more. When the team becomes like a family, that makes winning together all the more amazing!
Our interview might be read by kids and young people who love basketball. What advice would you give to those who dream of becoming professional players and achieving success?
I would say keep dreaming big. If people make fun of your dreams, that’s not a bad thing – it means your dreams are really big, and you have plenty of time to achieve them. If you really want something, you have to practice every day. You just have to go after it and be 100% committed. For me, basketball is something I’ve always loved, and that makes it much easier to continue playing, especially at this level. Even though I’m getting older and my body’s not the same, I still love to play. The experiences I’ve had have been amazing, and I’m super grateful. But I would say, just have fun, work really hard, and keep dreaming big.
What kind of services or culture would you like to implement here?  
I know they’re working on improving the trains and subways for traffic. Also, back home, there are sports bars and grills that are really popular. They have TVs everywhere, and you can go eat, usually wings or French fries, or whatever food you like. You can have lemonade or any beverage while watching your favorite games – NBA, football, or anything. I think a place like that would do well here, especially for sports fans. Maybe someone could invest in that kind of restaurant idea.
Thank you for the interview.

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