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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Another solar park goes online in Mongolia www.pv-magazine.com

The 16.4 MW solar facility is located 14 km southwest of the New Ulaanbaatar International Airport. The project was developed by Sharp Corporation in partnership with Sermsang Power (SSP) and Tenuun Gerel Construction (TGC).

Sharp Corporation announced the completion of a 16.4 MW solar power project in Mongolia. The project, financed by the Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP), is located in the Khushig valley, in Tuv aimag (province), 14 km southwest of the New Ulaanbaatar International Airport, which is now under construction.

The solar plant is expected to provide with electricity the new airport and urban parts of Ulaanbaatar, Sharp said in a press release. The project was built with the support of the Japan International Cooperation Agency (JICA) in the frame of the Joint Crediting Mechanism (JCM) Model Projects scheme of the Japanese Ministry of the Environment, which provides financial supports covering up to half of the initial investment costs.

The project is owned by Sermsang Power (SSP) and Tenuun Gerel Construction (TGC), which are backed by Bangkok-based Sermsang Power and Sharp’s unit Sharp Energy Solutions, in addition to two Mongolian companies.

Sharp also completed another 16.5 MW (DC) array in Zamyn Uud, Dornogovi aimag last year and another 10 MW plant in the country‘s second largest city Darkhan. Earlier this year, the Green Climate Fund and Mongolia’s XacBank announced the completion of a 10 MW solar plant in Govisümber aimag.

Mongolia in 2014 tried to implement a FIT scheme for solar which proved unsuccessful, with payments of $0.15-0.18/kWh. A year later, it amended a renewable energy law to replace the fixed payment feed-in tariffs with feed-in premiums – added on top of the market energy price – with the new payments dubbed the “encouraging tariff” by the authorities. At the same time, the government improved regulation for power purchase agreements.

Mongolia’s total installed PV capacity stood at just 63.0 MW at the end of 2018, according to statistics from the International Renewable Energy Agency (IRENA). New PV additions for last year totaled 15 MW, while in 2017 and 2016 newly deployed solar capacity had reached 33 MW and 10 MW, respectively.

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Five drown in Mongolia's river while cooling off www.xinhuanet.com

ULAN BATOR, June 24 (Xinhua) -- Five people from Mongolia's capital Ulan Bator drowned when cooling off in a local river, the country's National Police Agency (NPA) said Monday.

"Unfortunately, five adults drowned after bathing in Tuul river to cool off during a heat wave over the weekend," the NPA said in a statement.

"The number of the people who want to stay on river banks and cool off in rivers has been increasing due to high temperatures across the country in recent day," the agency said.

"There have been around 20 deaths by drowning in the country so far this year. Drowning is preventable," the NPA added, urging people to avoid swimming alone or staying near rivers after drinking alcohol.

According to the country's National Agency for Meteorology and Environmental Monitoring, high temperatures range from 30 to 37 degrees Celsius swept across the country over the weekend.

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Rio Tinto breaks ground at Madison copper-gold project in Montana www.mining.com

Rio Tinto’s (ASX, LON: RIO) subsidiary Kennecott Exploration has kicked off its drilling campaign at Broadway Gold Mining’s Madison copper-gold project, located in the Butte region of Montana, US.

The move follows an earn-in agreement between the two companies, signed in April, under which Kennecott can acquire a 55% stake in the property by spending $5 million on exploration within five years, including a minimum $1 million in the first year.

Initial work contemplates three drill holes targeting an area displaying multi-element soil and rock chip geochemical anomalies, historic prospects, strong induced polarization anomalies and porphyry drill intercepts, as well as four holes targeting skarn mineralization.

Madison is located in the heart of Montana’s prolific copper-gold belt, just 38km southeast of Butte’s billion-dollar epicenter and the world-renowned Butte copper mine. (Image courtesy of Broadway Gold Mining.)
Broadway Gold Mining, a Canadian explorer based in Ontario, recently acquired an 85% interest in a land package in Namibia as part of the company’s strategy to identify rich deposits.

The Tsumeb mining camp is known to host both high-grade polymetallic deposits and stratabound copper/silver/cobalt deposits. It also features deposits of gold, vanadium, germanium and uranium.

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#Pray4Dulguun: Mongolian basketball player in coma in USA www.news.mn

Top player of the Mongolian National Basketball Team, O.Dulguun is in a serious condition at the UCSF Medical Center after having been infected with the varicella virus. According to one source, O.Dulguun was diagnosed with a liver coma and B Hepatitis. He urgently needs a liver transplant which costs USD 300,000-350,000. Family members have started a campaign for donation and have collected MNT 150 million. In addition, Mongolians has started #hashtag (#Pray4Dulguun) campaign on social media to get funding from World Health Organization (WHO).

O.Dulguun arrived USA on 12 June in order to watch the NBA finals. He was given tickets for the NBA finals after winning the Mongolian University Basketball Championships with his team the ‘Etugen Leopards’. He was named as a valuable player in the competition in which a total of 40 teams participated.

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Bank of Mongolia drives digital transformation vision with Intellect Quantum Central Banking www.equitybulls.com

Intellect Design Arena, a global leader in financial technology for banking, insurance, and other financial services announces a prestigious engagement with the Bank of Mongolia, the Central Bank of Mongolia. In partnership with IT Zone LLC of Mongolia, Intellect will implement its award-winning Quantum Central Banking Solution. The solution is well poised to accelerate the Bank of Mongolia's digital transformation initiatives under the Payment System Modernization project funded by Asian Development Bank (ADB).

As per ADB's Asian Development Outlook (ADO) report of April 2019, Mongolia's economic growth is expected to remain solid in the next two years. The Bank of Mongolia's digital transformation agenda funded by the ADB will drive the nation's vision creating a sound and stable financial system and further strengthening the country's economic performance.

Intellect's Central Banking Solution is the world's most comprehensive & robust solution which comprises integrated functional modules such as Enterprise General Ledger, Banking Services, Government Services, Monetary Policies, Credits and Collateral Management, Currency life cycle management, Trade Finance, Banking Services Portal, Bullion Management, Treasury, Reserve Management, Budget Management, and Procurement Management. IT Zone adds to this powerful digital transformation arsenal with a modern HRMS solution.

Trusted by many Central Banks including those of Sweden, Armenia, Indonesia, Ethiopia and India, Intellect's Quantum Central Banking Solution will accelerate the Bank of Mongolia's vision of becoming a role model Central Bank institution and the best in the region.

The deal announced at a grand ceremony held at the Central Bank of Mongolia was attended by leaders from the Bank of Mongolia, Intellect Design Arena, IT Zone as well as prominent bankers.

Speaking on this partnership, Hon'ble Governor, Bank of Mongolia, Mr. Bayartsaikhan Nadmid said, "Upgrading the Central Bank's Core banking system is a big step toward the transformation of the national economy. As the result of the tender process, we selected the Intellect Quantum Central Banking Solution for Intellect's experience in implementing core banking systems in Central Banks across the world, and its comprehensive range of banking operations and services to meet Bank of Mongolia's the requirements".

Mr. K Srinivasan, President - APAC, South Asia, Middle East and Africa, Intellect Design Arena said, "Winning a Central Banking engagement is always a special feeling. We now have the honour of partnering with Bank of Mongolia on their nation-building agenda. We are uniquely positioned with a contemporary technical architecture to reduce the complexity in such a large scale transformation. Quantum Central Banking Solution comes with a Real-Time Enterprise GL to fuel executive decision making, risk management and operational control in real-time".

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.265.35 as compared to the previous close of Rs. 265.3. The total number of shares traded during the day was 13953 in over 337 trades.

The stock hit an intraday high of Rs. 269.3 and intraday low of 262.9. The net turnover during the day was Rs. 3721433.

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Mongolia: World Bank Report Underscores Importance of Strong Fiscal Foundation, Spending on Health and Education www.worldbank.org

Ulaanbaatar, Mongolia, June 24, 2019 – A new World Bank Report on Mongolia’s revenue and public expenditures, Public Expenditure Review: Growing without Undue Borrowing, calls on the country to strengthen its fiscal foundation for rapid and inclusive growth. It also highlights special spending needs in health and education – key sectors that play an essential role in the country’s long-term development and the fight against poverty.

“With high public debt, low tax rates and high exemptions, the Mongolian economy remains extremely vulnerable to external factors, including shifts in global demand, commodity prices, and exchange rate and interest rate shocks. There is a clear need to strengthen fiscal buffers through increased savings during years of prosperity,” said Andrei Mikhnev, World Bank Country Manager for Mongolia.

At an average of about 11 percent of GDP in 2010-2016, Mongolia’s capital expenditure has been among the highest in the world. However, the returns of this spending has been low due to poor project selection, long delays in implementation, high cost overruns, and low maintenance budgets.

“The report lays out key actions the country can take to enhance the efficiency of public investment. Development and implementation of a national road map to improve the efficiency of these investments is the top priority,” said Jean-Pascal Nganou, Senior Country Economist and a lead author of the report.

Given Mongolia’s highly volatile revenue performance, the report also recommends reducing the dependence of government revenue on the mineral sector by embarking on a gradual reform of the tax system. This includes measures to increase low statutory tax rates, revise the number and size of tax exemptions, and broaden the tax base. The report illustrates that VAT and excise taxes in Mongolia are regressive in nature as their burden is larger among the poor than among the non-poor.

Another issue highlighted is the wage bill – currently the fastest growing and the largest component of recurrent expenditures.

“Public sector wage bill is closely linked to increased staff turnover owing to frequent reorganization of ministries. This reinforces the need to reform the civil service to create a professional and apolitical cadre of civil servants,” said Badamchimeg Dondog, Public Sector Specialist and co-author of the report.

In the social sectors, success is mixed. There is near-universal coverage of basic education and the country’s education spending ratios are average when compared with similar countries. However, there are persistent issues related to poor planning of resources, and the low budget allocations to basic classroom learning materials in contrast to high spending on expensive equipment. Access to quality early childhood education, notably for herder families, remains to be addressed.

In the health sector, the spending as a share of GDP is much lower today than that in 2003, and lower than that in most other middle-income countries. Despite Mongolia’s strong performance in maternal and child health, the report identifies critical reforms needed to address the growing burden of non-communicable diseases. These include reorganizing services to address the growing share of chronic illness by focusing on high-quality primary care, improving the efficiency of spending, and improving management at the local and provider levels.

The report highlights the urgent need to strengthen the pension system to meet the needs of Mongolia’s ageing population. The government set target for a maximum state subsidy for pensions of 2 percent of GDP by 2030. However, due to measures allowing many workers to purchase a pension for life at retirement age at a fraction of the cost that other workers have paid during their work lives, reducing herders’ retirement ages, and others, the current subsidy of 2 percent of GDP is projected to rise to 6 percent in 2030 and 11 percent in 2050 unless reforms are undertaken.

Finally, the report examines the roles, responsibilities and the coordination of the key institutions in fiscal matters. The report indicates that the performance and effectiveness of these institutions vary and suggests to a series of reforms on fiscal issues aimed to improve the effectiveness of existing institutions.

 
 
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Mongolia, Uzbekistan vow to expand cooperation in agriculture www.akipress.com

Deputy Minister of Food, Agriculture and Light Industry Janimhan Saule received delegates led by Director of State Committee for Veterinary and Livestock Development of Uzbekistan Norkobilov Bahrom Turayevich on June 21, Montsame reported.

Deputy Minister Saule briefed on policies of the Government of Mongolia on agriculture and light industry and highlighted that Mongolia has a breadth of opportunity to cooperate with Uzbekistan in many sectors.

During their stay in Mongolia, the delegates got acquainted with nomadic cattle breeding and farming and visited several meat processing plants in Ulaanbaatar city. Since these plants introduced slaughtering standards for halal meat, it is creating conditions to export meat to Uzbekistan, noted the delegates.

The sides agreed to implement joint projects and programs further on expanding cooperation in animal husbandry and veterinary, to share practices as well as to augment trade of animal-related raw materials and products.

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China Meat Imports Hit Record as Pork Prices Jump on Swine Fever www.bloomberg.com

China, the world’s top pork consumer, imported a record volume of meat in May in a bid to mitigate the impact of African swine fever as domestic pork prices rebound.

China bought 556,276 tones of meat and offal in May, up about 45% from a year earlier, according to official customs data published on Sunday. That brings total imports in the first five months to 2.2 million metric tons, a 23% increase from last year.

Pork imports surged the most among the meats, increasing 63% to 187,459 tons in May from a year earlier. Lamb shipments climbed 53% to 42,036 tons, while beef imports rose 41% to 123,720 tons. Frozen chicken purchases grew 26% to 63,430 tons, customs data showed.

Imports are unlikely to slow down, despite limited cold storage space at China’s major ports, said Pan Chenjun, a livestock analyst at Rabobank in Hong Kong.

For Chinese domestic pork, chicken, vegetable and fruits prices, please search ALLX CNPO.

Still, import growth for the whole year will likely be capped as China is shunning U.S. supplies due to the trade spat between the two countries, said Jim Huang, chief executive officer of China-data.com.cn, a consultant for the agriculture industry.

“There will not be enough meat elsewhere for China,” said Huang. Pork prices in some areas of the country have recently picked up despite low seasonal demand, indicating tight supply is looming, said Huang. Wholesale pork spot prices were at 21.55 yuan a kilogram on June 14, up 12% from the same period last year.

— With assistance by Shuping Niu

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The diesel scandal just destroyed profit growth at Daimler, maker of Mercedes-Benz www.cnn.com

New York (CNN Business)Daimler, the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros. The financial downgrade, announced Sunday, is the latest fallout from the diesel emissions scandal that has rocked the German auto industry.

The company said that "various ongoing governmental proceedings and measures relating to Diesel vehicles" will affect the company's second quarter earnings for the 2019 fiscal year. It said it expects an increase in expenses related to those proceedings.
German automakers have faced years of scrutiny regarding harmful emissions that diesel vehicles produce. That scrutiny stems from a 2015 admission by another German automaker — Volkswagen (VLKAF) — that it rigged millions of diesel engines to cheat on emissions tests.
The revelation trashed confidence among consumer and regulators in diesel technology and cost Volkswagen tens of billions of dollars in recalls, legal penalties and settlements.
In April, the European Commission said Volkswagen, BMW (BMWYY) and Daimler (DDAIF) broke antitrust rules by acting together to delay the introduction of two emissions cleaning systems between 2006 and 2014.
Daimler said at the time that it has been "cooperating extensively" with the Commission and did not expect to be fined.
On Sunday, Daimler said that it's 2019 profit would be essentially flat to last year's.
- Charles Riley contributed to this report

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Climate change: Cashing in on CO2 www.bbc.com

Scientists from round the world are meeting in Germany to improve ways of making money from carbon dioxide.

They want to transform some of the CO2 that’s overheating the planet into products to benefit humanity.

They don’t claim the technology will solve climate change, but they say it will help.

Carbon dioxide is already being used in novel ways to create fuels, polymers, fertilisers, proteins, foams and building blocks.

Until recently, it was assumed that energy-intensive firms burning gas to fuel their processes would need eventually to capture the resulting carbon emissions and bury them underground.

This option is inefficient and costly, so the prospect of utilising some of the CO2 as a valuable raw material is exciting for business.

Katy Armstrong, manager of the Carbon Utilisation Centre at Sheffield University, put it this way: “We need products for the way we live - and everything we do has an impact.

“We need to manufacture our products without increasing CO2 emissions, and if we can use waste CO2 to help make them, so much the better.”

Many of the young carbon usage firms are actually carbon-negative: that means they take in more CO2 than they put out.

We visited three pioneering businesses in the UK which are already making money out of CO2.

Here are their recipes for success (or at least, the ones they will share with us).

Three success stories
CO2 to fertiliser: CCm Technologies, Swindon

Recipe: Put cow dung and maize into a bio-digester, where bacteria break them down and produce biogas to heat our homes.

Mix the left-over sludge with nutrient-rich wastes from the fertiliser industry, sewage plants, farms or the food industry.

Pump in CO2, which helps the nutrients bind to the sludge.

Product: High-grade fertiliser pellets that have soaked up more CO2 than they produced. The technology has already won export orders.

CO2 to beer bubbles: Strutt and Parker Farms, Suffolk

Recipe: Take horse muck and straw from Newmarket races. Put the smelly mess through a bio-digester (as above).

Extract biogas and CO2. Using advanced membranes, separate out food grade CO2.

Product: Clean CO2 that’s sold to a local brewery to put the fizz into lemonade and lager.

CO2 to building blocks: Carbon 8 Aggregates, Leeds

Recipe: Take ash from the chimney of a waste incinerator plant.

Mix in water and CO2 - then stand back… this procedure gets very hot.

The CO2 is permanently captured within the waste ash to form artificial limestone for building blocks and other purposes.

The process has the additional benefit of treating the ash that would otherwise be sent to landfill.

Product: blocks that have locked up CO2, whilst also reducing the need for carbon-intensive cement. The technology is winning exports.

These firms are pioneers in what’s known as the Circular Economy, in which wastes are turned into raw materials. The EU is trying to prompt all industry to adopt this principle.

How much CO2 can products absorb?
The big question is how much of the approximately 37 gigatonnes of CO2 emitted annually from our homes, cars, planes, offices and industries can be utilised by industry.

One report projected that seven gigatonnes a year of CO2 could be locked up into new products.

Katy Armstrong described this figure as hugely optimistic. But she said: “Every tonne that’s captured is a tonne that doesn't heat the atmosphere, so let’s hope the industry thrives.”

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