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

Karin Hulshof: Need to stop burning coal indoors is URGENT www.zgm.mn
A Science and policy dialogue on combat-ing urban air pollution impacts on maternal and child health in Asia took place in Ulaanbaatar at the start of the so called “smoke season”. This is when the amount of pollutants in Ulaanbaatar’s air reaches it annual peak. ZGM Daily had the chance to sit down with Ms.Karin Hulshof, UNICEF Rуgional Director for East Asia and the Pacific to discuss out-comes of the dialogue and ways Mongolia can utilise to better its air quality.
-Моngolia has made some pro-gress in reducing air pollution, fol-lowing the government’s decision to ban raw coal this year. What’s your verdict on the government’s policies on air pollution reduction?
-In terms of reducing PM2.5 levels, I think we need a few more months data. So far the winter has been mild. We should also keep in mind that even if it would result in a 50% improvement, it would still leave us with very toxic levels of pollution affecting our health. To provide clean air to its citizens, the government has to rapidly and completely phase out the burning of any type of coal and other solid fuels in residential areas. I like to quote the UN Secretary General Antonio Gu-terres who said that Asia’s “coal addiction” should end. This will require expanding district heating and strengthening the electric grid, much better insulation, and proper pricing of energy. Especially insulation of people’s homes has been neglected far too long. I really hope the government will come up with a very ambitious plan and deliver the result within the next 5 years.
-Although we have witnessed reduction in presence of partic-ulate matters in the air, the fact that the amount of NO2, SO2 and CO is increasing is not receiving the attention it deserves. A 2005 study conducted in India, New Delhi had proven that NO2, among the other six types of air pollut-ants identified by the WHO is the most harmful to human health. Yet, the amount of this pollutant in Ulaanbaatar has been kept at 2-3 times higher levels than previous years. You have served as UNICEF representative in India. What can Mongolia learn from the policies India implemented in terms of re-ducing NO2, SO2 and CO?
-The main sources of air pollution in India are different from Mongolia. In India, it is a combination of industry, traffic, burning of urban and agricultural waste, and the use of solid fuels for cooking. In Mongolia, the air pollution is by far dominated by the burning of coal for heating. As a result, PM2.5 is clearly the most harmful pollutant in the context of Mongolia. I am however very concerned about the high number of carbon monoxide poisoning associated with the use of the refined coal (enhanced coal briquettes). This is particularly dangerous to pregnant women because it can deplete the fetus from oxygen which can affect the development of the fetus in many ways and can increase the risk of a miscarriage. It again highlights the urgency to stop burning coal indoors. We have to imagine the impact of air pollutions on every child.
-A Science and policy dialogue on combating urban air pollution impacts on maternal and child health in Asia recently conclud-ed successfully in Ulaanbaatar. What’s your take on the results of the forum?
-This dialogue brought together some of the world’s top scientists and policy makers from Mongolia and from across the region and the world. We learned that there is in-creasing evidence that air pollution affects fertility. On the positive side, there is also evidence that air purifiers, when correctly used, can contribute to better birth outcomes. Policymakers brought solutions and knowledge from their countries and discussed potential collaborations at the regional level. It was clear that the health sector needs to get much stronger involved. Mongolia shared with other countries what the health sector can do in terms of awareness raising and strengthening health services for vulnerable children. The Ministry of Health with the support from the Ministry of Finance is providing pneumonia vaccines to children which makes them less sensitive to air pollution. Also, UNICEF and the Ministry of Health are rolling out a training programme on air pollution and maternal and child health, to fur-ther educate health practitioners.
-Child health depends on adults. Could you give examples of good experience from the workshops or seminars for adults to help raise their children healthy?
-Indeed, parents play a critical role in a child’s health and development. Parents should play with their children, read books with them and make sure they get healthy diets and their vaccinations on time. Мany governments and companies have already started to adopt family-friendly policies and proce-dures including paid maternal and parental leave, paid sick-leave, breastfeeding breaks, quality childcare and child benefits. Now we need commitment to implementation. Familyfriendly policies are not just the right thing to do, but also the smart and equitable thing to do for the economy and the society.
-What other things have you achieved other than attending the forum during your visit in Mongolia? How many high-lev-el meetings have you attended? Can we expect positive outcomes regarding child labor, children’s and maternal health following your visit?
-In all my conversations I highlighted that this year the world is celebrating the 30th anniversary of the Convention on the Rights of the Child. Mongolia has made very good progress. There are more children surviving than ever before, there are more children in school than ever before. There are also unfinished business and emerging issues to address. I visited Kindergarten #63 in Bayanzurkh District where UNICEF installed mechanical ventilation and air purification and GIZ improved the insulation of the building, financially supported by the Swiss Agency for Development and Cooperation (SDC). This kindergarten is now more energy efficient and has cleaner air inside, protecting children from air pollution. The teachers, children and parents were very happy. This should become standard practice in all kindergartens and UNICEF will continue to advocate for this. I had the honor to meet the Minister of Health Mrs D.Sarangerel. I truly appreciate her leadership and commitment to advance the air pollution related agenda in her capacity of Member of the Parliament. I also had the opportunity to facilitate a productive meeting between UNICEF and the Governments of Mongolia and China to explore possible SouthSouth Cooperation. We discussed potential concrete opportunities to collaborate in the field of air pollution and maternal and child health, such as knowledge exchange, joint research and technology exchange. I also had a very good meeting with the Minister of Education Mr. Yo Baatarbileg. We agreed on the need to invest more in improving the quality of learning, improving water, sanitation and hygiene in kindergartens and schools, and addressing climate change. With support from our partners such as ChildFund Korea and KOICA, UNICEF will provide technical assistance on those issues and I expect good results moving forward.
By: Aminaa
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Five Mongolian Ambassadors: Parliament approves finally! www.news.mn
In 8 November, parliament approved the nominations for five Mongolian ambassadors including the representative to the United Nations. The appointment of the ambassadors to some countries has been postponed for over a year.
-General D.Davaa has been approved as Mongolian Ambassador to the Russian Federation.
-Sh.Battsetseg has been approved as Mongolian Ambassador to Cuba.
-A.Tumur has been approved as Mongolian Ambassador to Thailand.
-T.Janabazar has been approved as Mongolian Ambassador to Sweden.
-B.Dorj has been approved as Mongolian Ambassador to Poland.
-V.Enkhbold has been approved as Ambassador Extraordinary and Plenipotentiary and Permanent Representative of Mongolia to the United Nations.

U.Khurelsukh: Bichigt-Khuut industrial park should be established based on Sukhbaatar aimag www.montsame.mn
Sukhbaatar /MONTSAME/. As a part of his working visit in the eastern region, Prime Minister of Mongolia U.Khurelsukh worked in Sukhbaatar aimag. During the meeting, he expressed that the railway industrial park en route Bichigt-Khuut that will pass through the eastern region of Mongolia should be established based on the aimag. With this, it is considered that infrastructure would not be as much of an issue. The PM is visiting the aimag in aims of becoming acquainted with some of the correlating issues.
With the railroad put into operation, about 10,000 new jobs will be created in the sector alongside putting about 200 mineral deposits of the eastern region into economic circulation.
Aside from the mining sector, it is expected that the railroad will have a crucial impact on the sectors of food, and animal husbandry as well as the leather industry and its logistics, further developing the region’s relations and partnership.
PM U.Khurelsukh said, “More specifically, the construction of the Tavantolgoi-Zuunbayan railroad is currently in progress. And the preparations for the construction of the Sainshand-Altanshireet oil refinery that will take place from next autumn has been completed. We are currently studying together with the corresponding professionals whether the oil should be transported through pipelines or railroad from the Tamsag area of Matad soum, Dornod aimag.”
He also noted that various types of factories such as oil refineries and commodity factories can be developed when the industrial park is established in Sukhbaatar aimag.

Prime Minister visits oil field of "Petro China Daqing Tamsag" www.montsame.mn
Prime Minister of Mongolia U.Khurelsukh got acquainted with the operation of oil extraction of “Petro China Daqing Tamsag” company from fields 19 and 21.
Prime Minister U.Khurelsukh met with the authorities of the company and exchanged views on possibilities of further cooperation, current situation and prospects of the extraction.
“Petro China Daqing Tamsag” company has been producing 7.5 million tons of oil since the Production Sharing Agreement was signed in 2005. The oil extracted from the field 19 is exported through Bichigt port of Sukhbaatar aimag, while the oil extracted from the field 21 is exported through Bayankhoshuu port. 2015 was the peak year of oil extraction, reaching 1 million tons, however the extraction amount is decreasing in recent years with annual average extraction of 800’000 tons, reported the company. Still, the company officials said that they can supply oil to the refinery to be built by increasing the oil extraction.
During the PM's visit, the Professional Inspection Agency introduced the results of the inspection, made in the company. According to the inspection, 'Petro China Daqing Tamsag company should secure chemical hazardous waste storage and waste water to the environment and make amendments to the Production Sharing Agreement. In addition, the Professional Inspection Agency considers it necessary to charge royalty on oil extraction, to alter customs tax exemptions of companies and subcontractors and to make foreign labors pay social security premium to Mongolia.

Ukraine, Mongolia sign agreement to cancel visas www.unian.info
The governments of Ukraine and Mongolia have signed an agreement on the mutual cancellation of visas. Members of the two countries' governments on Friday, November 8, signed the document at the Embassy of Ukraine in the Republic of Poland, Ukraine's Foreign Ministry said on Facebook. Read also Zelensky asks Japan to introduce visa-free travel for Ukraine "We have signed an agreement allowing Ukrainian citizens to travel to Mongolia without visas. This means that Ukrainian citizens can stay in Mongolia without visas for 90 days within 180 days," Ukrainian Ambassador to Poland Andriy Deshchytsia said. As UNIAN reported earlier, Ukrainian President Volodymyr Zelensky called on Japan's leadership to introduce visa-free travel for Ukrainians
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Mongolia's Baasankhuu, Netherlands' Stegehuis win titles at 2019 Yunnan Granfondo cycling www.xinhuanet.com
KUNMING, Nov. 9 (Xinhua) -- Mongolia's Myagmarsuren Baasankhuu and the Netherlands' Annemiek Stegehuis won the titles out of men's and women's categories respectively at 2019 Colourful Yunnan International Granfondo in Lijiang, Yunnan province on Saturday.
Lijiang was the final stage of 100 kilometers race, with an average altitude of more than 2,500 meters, which was the highest one in all six stages with a number of difficult climbs. Baasankhuu and Marg Fedyna from Canada won the men's and women's categories respectively in this stage with 3:13:58 and 3:59:02.
"It's an amazing feeling to get the title," said Baasankhuu, who praised his teammates for their support, "Today my focus is not good, thanks to my teammate, they always keep pushing me," he said.
"Granfondo is special to me, I'm so proud to be a part of it. I am happy and sad now, because all the stage races are finished. I will come back," Baasankhuu added.
In the women's race, the Netherlands' Annemiek Stegehuis who won four stages in the event, got the title.
Yunnan Granfondo has been held every year since 2014. This year's competition covers 650 kilometers from Mangshi to Lijiang, and encompasses a variety of terrain. More than 1,000 cyclists from 36 countries and regions took part in this year's event.

Cost of Ivanhoe’s giant copper project in Congo hits $1.3 billion www.mining.com
Canada’s Ivanhoe Mines (TSX:IVN) said Friday that initial capital costs for its Kakula copper mine in the Democratic Republic of Congo (DRC) is now estimated at $1.3 billion, and 18% increase over planned costs.
The fresh figure, which includes expanded plant capacity, additional mining fleets and pre-production ore stockpile, will allow the company to begin production at the mine in the third quarter of 2021, Ivanhoe said.
Capacity of Kakula’s processing plant modules increased by 26% in the three months to Sep. 30, from 3 Mtpa to 3.8 Mtpa, significantly boosting projected early-stage copper production, the Toronto-based miner noted.
Billionaire Robert Friedland’s company has been working on Kamoa-Kakula for ten years. In 2015, China’s Zijin Mining Group got on board, becoming Ivanhoe’s partner in the project. Citic Metal, another Chinese firm, followed suit last year, becoming Ivanhoe’s largest shareholder.
Friedland, who made his fortune from the Voisey’s Bay nickel project in Canada in the 1990s, has repeatedly stated that Kamoa-Kakula has the potential to become the world’s second-largest copper mine.
Once fully developed, the mining complex could produce 382,000 tonnes of copper a year during the first 10 years, climbing to 700,000 tonnes of copper after 12 years of operations.
Analysts also believe the giant mine could restore the DRC’s historical position as one of the world’s top copper producing countries.
Kakula would be the first of at least three mines planned for the Kamoa-Kakula copper complex.

Russia scraps plans to set climate-change goals for businesses www.mining.com
Russia has ditched plans to set greenhouse-gas emissions targets for companies as a sign of its commitment to fighting climate change, following lobbying from big businesses that risked fines if they didn’t comply.
The measure was part of a bill intended to accompany Russia’s ratification of the 2015 Paris Agreement on climate change in September. Instead, the world’s fourth-largest carbon polluter scrapped the proposal after the Russian Union of Industrialists and Entrepreneurs (RSPP) warned it would raise costs for companies and delay investment.
“After consultations with the government, it was decided to abandon the specific regulatory requirements,” the press department of the Economy Ministry, which is drafting the bill, said by email. “The government will have the right to decide after Jan. 1, 2024 what measures to introduce if Russia is forecast to miss its emissions targets.”
Economy Ministry
Rising global temperatures pose potentially devastating risks for Russia, where thawing of the vast permafrost area covering more than half the country threatens damage to buildings, energy pipelines and other infrastructure. With the Arctic warming twice as fast as the rest of the world, Russian government estimates put economic losses at $2.3 billion a year.
While President Vladimir Putin has questioned whether human activity is solely responsible for climate change, he finally agreed to ratify the Paris accord this year and declared that Russia must do whatever it can to mitigate the effects of global warming. It’s a particular challenge for Russia’s economy, which is heavily dependent on oil and gas production and mining. The permafrost zone contains 15% of Russia’s oil and 80% of its gas operations.
Fining companies
Companies would have been fined for exceeding their emissions targets under the abandoned legislation. The measure wasn’t a requirement of the Paris accord, since Russia has a low goal for greenhouse gas reductions. But advocates argued it would demonstrate the Kremlin’s commitment to confronting climate change, and also bring Russia into line with international practice as part of efforts to shift the economy away from carbon-heavy industries.
The RSPP attacked the draft proposals at a meeting in parliament in March, warning they would lead to increased energy prices and inflation that would “negatively affect the well-being of ordinary people” and force companies to abandon investment plans. An RSPP spokesman didn’t immediately respond to a request to comment.
Critics also argued the measure was unnecessary because Russia can increase its emissions over the next decade and still meet its self-imposed target under the Paris accord. That’s because it uses 1990 as the baseline reference year for reducing greenhouse gases, the year before the collapse of the Soviet Union triggered one of the most devastating economic contractions in modern history.
Russia is pledging to limit emissions to 70% to 75% of baseline levels by 2030. It has until the end of 2020 to present its new long-term strategy for reducing carbon emissions, according to Ruslan Edelgeriev, Putin’s senior adviser on climate change.
“Russia is choosing to delay the process of establishing a system for reducing carbon emissions,” said Georgy Safonov, head of the Center for Environmental and Natural Resource Economics at Moscow’s Higher School of Economics. “The 2030 goals have already been met, so there’s a feeling that we don’t need to do anything to cut emissions before then.”
Even so, Russia is rated among the countries whose efforts are “critically insufficient” to help meet the Paris accord’s overall goal of limiting worldwide warming to well below 2 degrees celsius above pre-industrial levels this century, according to the Climate Action Tracker research group. The London-based Carbon Tracker think tank calculates that the world’s major oil and gas companies need to cut combined production by 35% by 2040 to keep emissions within the Paris targets.
Unlike most developed countries, Russia has no state system for monitoring and regulating companies’ greenhouse gas emissions. Some publicly-listed companies in Russia collect data and set targets voluntarily, following pressure from international investors. In many countries, fines and taxes collected from carbon emitters are invested in renewable-energy projects.
Russia also needs to redirect money into the green economy if it wants to stay competitive abroad, according to Mikhail Yulkin, general director for the Center for Environmental Investments, a consultancy based in Arkhangelsk. In particular, a European Commission proposal for a carbon border tax could have a big impact on Russia’s economy, Yulkin said in comments first published in Kommersant newspaper.
“The model on which the Russian economy has survived for the past 20 years is dying,” Yulkin said. “We just need to find a convenient method of transferring funds to sectors that promote the development of low-carbon industries.”
(By Natasha Doff — with assistance from Anya Andrianova and Andrey Biryukov.)
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Bold: 30 percent of net profit will be distributed to shareholders as dividends www.zgm.mn
Tumen Shuvuut JSC, listen on the Mongolian Stock Exchange (MSE), has recently presented its quarterly financial performance. Since its establishment in 2004, Tumen Shuvuut has been con-stantly expanding its operations in egg production and poultry farm-ing. The company launched its IPO on January 16. The Official Gazette sat down with Bold.J, Executive Director of Tumen Shuvuut JSC, to discuss about the IPO and the company’s financial performance.
Shall we start from the spending of the money raised in initial public offering?
-As of today, our company has invested about MNT 13 billion of which, MNT 10 billion has been raised from the IPO. The company also spent the money, including the MNT 3 billion from accumulated net income on four major projects.
-According to the recent announcement, Tumen Shuvuut reported a 52 percent increase in net profit. How will the company benefit from the gain?
The economic situation of Mongolia was relatively stable in 2019, reflecting on our company’s performance. The company’s net profit reached MNT 2.6 billion in 2018 and MNT 2.9 billion in the third quarter of 2019. We are aiming to increase this amount to MNT 4 billion by the end of 2019. The net income will be spent on improving the company’s production. In the framework of the Tumen Shuvuut2 project, we’re planning to build factories to raise broiler chickens for harvesting meat and produce organic fertilizers. Also, 30 percen of the net profit will be distributed to shareholders as dividends after paying taxes. The shareholders will finalize the date in its annual meeting after the final financial performance is released.
-Mongolia is now providing its domestic demands and reduced its reliance on importing eggs. What kind of changes has been seen in the market?
-According to a study, Mongolians consume 300 million eggs annually. It shows about 100 egg consumption for each person. However, its lower than the world average. Mongolia imports 50 percent of its egg consumption from Russia. We are working to improve domestic production, for an egg is a food that should be used freshly.
-A massive waste has been made, followed by the egg factory. What are the measures that the company is taking?
We are using chicken manure as an organic fertilizer since it has a lot of advantages. We also use egg peel for animal feed.

Great Expectations: Ovoot mine project EBITDA forecasts www.news.mn
ASX-listed and Mongolia-focussed metallurgical coal developer, Aspire Mining, says its Ovoot Early Development Project, will pump out a stunning annual EBITDA of AUD$279 million from the production of 4 million tonnes a year of sought-after “fat” coking coal for delivery into China.
The company this week provided an update to its prior pre-feasibility study mine plan and costings for the “extended case” option for the project.
With significant reductions in both capital and operating costs identified, the new PFS has delivered an improved financial outcome compared to results from earlier this year. Significantly, Aspire has reduced its projected capital costs for the project by 34% to AUD$45.1m off the back of lower mining and deferred capitalised waste removal costs.
The C1 cash costs have fallen to AUD$110 per tonne delivered to the Chinese border, mainly due to a 19% reduction in the mine operating costs that have dropped to AUD$38.40 per tonne over the initial 12.5-year life of the mine.
Aspire has assumed a coking coal sale price of AUD$218 per tonne for its high-quality product, providing an exceptional margin over the estimated C1 cash costs per tonne. This has the effect of hiking the pre-tax net present value of the project by nearly 16% to AUD$1.28b with a very healthy internal rate of return of 49.4%.
The company’s definitive feasibility study for the project is due to hit the streets in May 2020. Aspire said in October that its DFS was progressing well and pending finance approval and receipt of the outstanding permits by the first quarter of next year, pre-stripping of waste at the Ovoot Early Stage Development Project should occur in the June quarter of 2020.
The project is a single, open-pit mining operation with a low strip ratio of 4.7 to 1 with payback in just over two years. The company’s large, Ovoot coking coal project looks solid with a quality ore reserve of 255 million tonnes, of which only 53.8 million tonnes will be carved out for the initial phase of mining production.
Management also revealed it had recently visited several steel mills in north-eastern China and that response had been very encouraging, with a number of the facilities using, or having used, Mongolian-sourced coals in the past.
The OEDP project is set to provide direct and indirect employment for over 1,200 workers in Mongolia and it will pump some serious cash into the local community via taxes and fees payable over the next decade.
Later this month, company’s shareholders will vote on an AUD$33.5m share placement to its current largest shareholder, Mongolian businessman, Mr Tserenpuntsag, which would significantly swell Aspire’s coffers entering into what looks to be a period of substantial activity in Mongolia during 2020. (source: thewest.com.au)
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