Mongolia News Summary for December 04, 2024
The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of Mongolia Strategy Center or its members.
Today's Stories
Politics
- Presentation of the 2025 Budget Proposal to the Parliamentary Groups of the MPP and the DP
- Parliament Passes Amendment to the Budget Law
- Court Hearing on the Development Bank Case Continues for the Second Day
- The Prime Minister Met with the Executive Secretary of the UN Convention to Combat Desertification
- Who is the group opposing the Prime Minister's "Shanghai visit"?
- Who are the groups opposing the Prime Minister's "Shanghai Visit"
Economy
- Elon Musk and several countries want to acquire rare earth elements from Mongolia, but are facing opposition from some 'patriotic' citizens
- "Erdenes Oyu Tolgoi" LLC Announces Open Recruitment
Diplomacy
- Japan to Provide Defense Equipment Assistance to Mongolia
- Our country supports the draft agreement to transfer defense technology and equipment from Japan
Infrastructure
- Battery Storage Station with 50 MW Capacity Begins Trial Operation
- 50 MW Battery Storage Power Plant Begins Trial Operation
- Batteries storage station with 50 MW capacity in Baganuur has been connected, testing underway
Society
Environment
- ToS Forum: Mongolia Must Urgently Develop Agriculture, Energy, and Construction Sectors in an Environmentally Friendly Manner
- The 16th Session of the Conference of Parties to the UN Convention to Combat Desertification Has Started
- Kh. Nyambaatar: The process of converting improved briquettes to gas will be carried out in phases
Innovation
- Drone Factory to be Established in Mongolia
- Drones to be Produced in Mongolia Using South Korean Technology
- TMK Energy: Three test wells for coal gasification launched in Gurvantes, Umnugobi Province
- Training Drone Pilot Operators with South Korea
- Mongolia and America's Tech Companies to Expand Collaboration
- TMK Energy: Three New Test Wells Operational at Gurvantes Site in Umnugovi Province
- TMK Energy: Three experimental wells for coal gasification launched in Gurvantes site, Umnugovi Province
- TMK Energy: Three Pilot Wells Commissioned at Gurvantes Site in Umnugovi Province for Coal Gas Production
- TMK Energy: Three Test Wells for Gas Production from Coal Commissioned in Gurvantes, Ömnögovi Province
- TMK Energy: Three Test Wells for Coal-to-Gas Production Commence Operation in Gurvantes, Umnugovi Province
Politics
Presentation of the 2025 Budget Proposal to the Parliamentary Groups of the MPP and the DP
Published: 2024-12-03 | Translated from: isee.mn
Finance Minister B. Javkhlan is presenting the 2025 budget proposal to the parliamentary groups. Specifically, the presentation to the Mongolian People's Party (MPP) group has been completed, and it is currently being presented to the Democratic Party (DP) group. Although the 2025 budget proposal was approved by the State Great Khural, President U. Khurelsukh vetoed it entirely. Despite a one-time agenda to discuss the President's veto, it was not supported by the parliament. Therefore, the 2025 budget proposal was considered annulled and sent back to the government. Accordingly, the government is now presenting the 2025 budget proposal to the party groups.
Parliament Passes Amendment to the Budget Law
Published: 2024-12-03 | Translated from: isee.mn
The initial and final discussions on the draft amendment to the Budget Law, submitted by the government, were conducted during today’s session of the Budget Standing Committee and the Parliament, and it was approved. As a result, the government now has the legal opportunity to submit the draft of the 2025 budget along with the accompanying draft laws. Last week, the Parliament tasked the government with submitting the draft of Mongolia's 2025 budget to the Parliament by December 10, 2024, through a parliamentary resolution regarding measures to be taken in connection with the annulment of laws and regulations. According to Clause 8.4 of Article 8 of the Budget Law's budget timeline, the government is required to submit the annual budget draft to the Parliament by September 1, and the Parliament is to approve the annual budget draft by November 15. Therefore, the article "Resubmitting and Approving the Budget Draft" was added to Article 321 in the Budget Law amendment project to reflect this and was thus approved today.
Court Hearing on the Development Bank Case Continues for the Second Day
Published: 2024-12-03 | Translated from: gogo.mn
The Supreme Court of Mongolia is currently deliberating the criminal case known as the "Development Bank" case, which consists of 540 volumes of files, involves 80 individuals, and includes 4 corporate entities. This hearing is taking place for the second day and addresses protests from the prosecution alongside 41 complaints filed by the defendants and their attorneys. A team from Gogo is working to bring live updates directly to you. You can view the live broadcast to follow the proceedings as they develop.
The Prime Minister Met with the Executive Secretary of the UN Convention to Combat Desertification
Published: 2024-12-03 | Translated from: itoim.mn
The Prime Minister of Mongolia, L. Oyun-Erdene, met with Ibrahim Thiaw, the Executive Secretary of the United Nations Convention to Combat Desertification, in Riyadh, the Kingdom of Saudi Arabia, during the 16th Conference of the Parties to the Convention. During the meeting, Prime Minister L. Oyun-Erdene conveyed his congratulations on the 30th anniversary of the UN Convention to Combat Desertification and expressed his gratitude to the Executive Secretary for effectively drawing global attention to issues of nature and soil protection, combating desertification, and reducing land degradation. The Prime Minister briefly introduced national programs such as the "Billion Trees" movement, the "Food Revolution," and "White Gold." Mongolia sees opportunities to expand cooperation to develop resilience to drought through regional partnerships with Central Asia, Northeast Asia, or Asia-Pacific countries. Ibrahim Thiaw expressed appreciation for Mongolia's early preparation and high importance given to the 17th Conference of the Parties to the UN Convention to Combat Desertification (COP17). The parties exchanged views on the possibility of successfully organizing the COP17 conference in Mongolia in 2026 and establishing an international coalition for proper pasture management during that time.
Who is the group opposing the Prime Minister's "Shanghai visit"?
Published: 2024-12-03 | Translated from: itoim.mn
Prime Minister L. Oyun-Erdene made a working visit to Shanghai, China, participating in China's 7th International Import Expo. During his visit to Shanghai, Members of the State Great Khural (the Mongolian parliament) D. Enkhtuvshin, G. Temuulen, J. Bayarmaa, and B. Tuvshin criticized the 2025 budget and demanded a reduction in the budget expenditure by 3.6 trillion MNT, successfully diverting public attention to the budget. Despite this, the State Great Khural passed the 2025 budget with only minor changes from the version proposed by the government. However, the President of Mongolia, U. Khurelsukh, vetoed the entire 2025 budget and related laws, urging the State Great Khural and the government to approve a budget without a deficit. As of now, the President’s veto is still being discussed, and the State Great Khural has not yet reconsidered the 2025 budget. With only 28 days left before the new year, there is now an unprecedented situation where the state, provincial, and city budgets have not been approved in the past thirty years. The Prime Minister reportedly told his party group that this situation tying up the state budget legally is a political action by some individuals opposing the "Shanghai visit." The news of the Prime Minister’s visit to Shanghai was overshadowed by the budget news. During the Shanghai visit, the parties signed a total of eight agreements, one of which was the "Agreement between the Governments of Mongolia and the People’s Republic of China on Cooperation in Building a Cross-Border Railway at Gashuunsukhait-Ganqimaodu Port." With the signing of this agreement, China’s state-owned "China Energy" group will undertake the railway border construction, and an official letter with specific proposals was submitted to the Mongolian government, as widely reported by the media. According to today’s "Century News" newspaper, the Prime Minister expressed his stance to his party group. He explained that the political action occurring between the time of the Shanghai visit was due to a disagreement over the government-to-government agreement. It created conflicts of interest by inserting interests between two governments' agreements. This has been a known fact hindering for 16 years. The things introduced to the party groups in the State Great Khural will soon become clear to the public. The worried individuals even revealed recordings of the party group meetings. However, no one can avoid what is written in black ink on paper. The individuals involved in the agreement and the politicians who allowed them the opportunity are panicking, much like during the unraveling of the schemes of Erdenet’s 49%, Oyu Tolgoi, and the Development Bank. But it’s too late for some, as he indicated. The Prime Minister, after returning from the Shanghai visit, introduced the proposal, including the letter from "China Energy" group regarding the railway border construction at the Gashuunsukhait-Ganqimaodu port to the MPP and DP groups in the State Great Khural. Meanwhile, the DP group in the State Great Khural uploaded the closed information of the Prime Minister to social media and deleted it the next day. Therefore, it seems that the section mentioned by the Prime Minister includes members led by O. Tsogtgerel, head of the DP group in the State Great Khural. Additionally, Prime Minister L. Oyun-Erdene characterized the events surrounding the 2025 budget as political action opposing the "Shanghai visit," stating that D. Enkhtuvshin, G. Temuulen, J. Bayarmaa, and B. Tuvshin, who were the most vocal on budget issues, acted to protect the interests of some individuals opposed to the "Shanghai visit" rather than the public interest. Also, according to the Prime Minister, the President's veto may also be protecting someone's interest. However, whose interests are being protected will become apparent in the coming days when the proposal from the "China Energy" group concerning the construction at the Gashuunsukhait-Ganqimaodu port railway connection is discussed by the State Great Khural. The Prime Minister has repeatedly remarked that a "group is attacking," often bringing this up, indicating a reminder that for eight of the sixteen years that the railway was stalled, the MPP was in power under his leadership.
Who are the groups opposing the Prime Minister's "Shanghai Visit"
Published: 2024-12-03 | Translated from: itoim.mn
Prime Minister L. Oyun-Erdene made a working visit to Shanghai, People's Republic of China, from November 4-7, and participated in the 7th China International Import Expo. During Prime Minister L. Oyun-Erdene's visit to Shanghai, Members of Parliament D. Enkhtuvshin, G. Temuulen, J. Bayarmaa, and B. Tuvshin criticized the 2025 budget, demanding a reduction of 3.6 trillion MNT in budget expenses, successfully focusing public attention on the budget. However, the Parliament passed the 2025 budget on November 8 without significant changes from the draft submitted by the government. Subsequently, on November 20, President of Mongolia U. Khurelsukh vetoed the 2025 budget along with the accompanying laws and regulations, reminding the Parliament and the Government to approve a deficit-free budget. To date, the Parliament has not begun re-discussing the 2025 budget due to procedural issues with the President's veto. With only 28 days left in the year, the budget for the nation, provinces, and city has not been approved, an unprecedented situation for the past thirty years. Prime Minister D. Oyun-Erdene reportedly claimed to his party group that the political actions destabilizing the Parliament and the government's operations were carried out by a group of people opposing the "Shanghai Visit." Indeed, the Prime Minister's news from the Shanghai visit was overshadowed by budget news. During the Shanghai trip, both sides signed a total of eight agreements, one of which was the "Agreement between the Government of Mongolia and the Government of the People's Republic of China to jointly construct a cross-border railway bridge at the Gashuunsukhait-Gantsmod border crossing." By signing this agreement, China’s state-owned “China Energy” group would carry out the construction of the border railway, and they reportedly sent an official letter with specific proposals to the Mongolian government, widely reported in the media. Today, Zuuni Medee newspaper published the Prime Minister's conveyed stance to his party group. The Prime Minister stated, "The political actions that happened during my visit to Shanghai were due to the intergovernmental agreement between two countries. Thus, some interests were involved, and a conflict of interest was created between the types of agreements the two governments should have made. This stalled progress for 16 years. This is all becoming clear with evidence. The explanations that I presented to the parliamentary party groups will soon be clear to the public. Some panicked individuals even leaked recordings of the parliamentary party group meetings. But no one can evade what is written in black and white on paper. The individuals within the agreements, the politicians who enabled them, are panicking just like when the schemes of Erdenet's 49%, Oyu Tolgoi, and the Development Bank were exposed. But you have missed your chance." After returning from the Shanghai visit, on November 11, the Prime Minister presented proposals including the border railway construction at the Gashuunsukhait-Gantsmod border crossing and the letters from the "China Energy" group to the MPP and DP groups in Parliament. However, the DP group leaked the Prime Minister’s closed presentation footage on social media the next day, and it was later deleted. It seems the individuals mentioned by the Prime Minister include members of the DP group in Parliament led by O. Tsogtgerel. Additionally, Prime Minister L. Oyun-Erdene declared that the developments surrounding the 2025 budget were a political action opposing the "Shanghai Visit," and that members D. Enkhtuvshin, G. Temuulen, J. Bayarmaa, and B. Tuvshin, who had the clearest and strongest voice on the budget issue, were acting to protect the interests of a group of people opposing the "Shanghai Visit" rather than the public interest. Also, as the Prime Minister mentioned, the President’s veto might be protecting someone's interests too. The specific interests will become apparent when the "China Energy" group’s proposal regarding the Gashuunsukhait-Gantsmod border linkage development is discussed in Parliament in the upcoming days, highlighted the Prime Minister. However, the Prime Minister has frequently stated that “groups are attacking,” or “certain people did this or that,” even though the MPP he heads has been in power for eight of the past sixteen years when the railway issue was stalled.
Economy
Elon Musk and several countries want to acquire rare earth elements from Mongolia, but are facing opposition from some 'patriotic' citizens
Published: 2024-12-03 | Translated from: isee.mn
During Prime Minister L. Oyun-Erdene's visits to the United States, South Korea, Germany, and Japan, these countries expressed their intention to acquire rare earth elements from Mongolia and collaborate in this area. Billionaire Elon Musk also proposed this idea to Prime Minister L. Oyun-Erdene over a phone call. For instance, during Prime Minister L. Oyun-Erdene's visit to Germany in October 2022, German Chancellor Olaf Scholz expressed a desire to obtain rare earth elements from Mongolia and agreed to jointly start a research project into processing industries. In February 2023, during his visit to South Korea, the two countries agreed to establish a joint research center for rare earth elements. Later, during Prime Minister L. Oyun-Erdene's visit to the USA in August 2023, the White House announced that America and Mongolia recognized the significance of rare earth elements and were deepening their cooperation in this sector. In June 2023, Elon Musk, the billionaire founder and owner of Starlink, Tesla, and Twitter, had a phone conversation with Prime Minister L. Oyun-Erdene about the potential of utilizing Mongolia's copper and rare earth elements, which are crucial raw materials for electric vehicle batteries, to establish a Tesla battery factory in Mongolia. Elon Musk tweeted about this conversation, stating, "It was an honor to speak." Tesla's electric vehicle factory was put into operation in Shanghai, China in 2019, and in April 2023, Tesla announced the establishment of a new large-scale energy storage or battery factory, named "Megapack," in the same city. Some believe that Shanghai's Tesla factories are focusing on using rare earth elements as a primary raw material. As of December 2, 2024, the market valuation of Tesla, the manufacturer of electric vehicles, has reached 1.08 trillion USD. This underscores the potential of rare earth elements to advance Mongolia's economy, foreign investment, geopolitics, and its relations with third-party countries to a new level. WHAT ARE RARE EARTH ELEMENTS?
Unlike resources like gold, copper, or coal, "rare earth elements" do not exist independently in nature and require complex technology to separate and enrich them. China currently leads the world in rare earth element enrichment. China's leadership in electric vehicle production in recent years is also related to this. Rare earth elements, with their high magnetic properties and excellent electrical conductivity, are a fundamental raw material for advanced technologies, including radio electronics, computers, smartphones, and electric vehicles. Simply put, without rare earth elements, the penetration of smart technologies like smartphones and electric vehicles into people's needs would not be possible. As a result, demand for rare earth elements has been consistently increasing, along with their price. According to the U.S. Geological Survey, Mongolia's rare earth element reserves are estimated at 31 million tons, accounting for 16.77% of the world's total reserves. Hence, countries like Japan, Germany, and South Korea, as well as billionaire Elon Musk, are willing to collaborate with Mongolia on rare earth elements because half of all cars are projected to become electric in the near future. If Mongolia can incorporate proper management and fair competition into its rare earth element extraction and enrichment, the country's economy could be significantly expanded. RARE EARTH ELEMENT PROJECTS FACE OPPOSITION FROM 'PATRIOTIC' CITIZENS
In Mongolia, there are six rare earth element deposits, such as "Halzan Buregtei" near Myangad sum in Khovd aimag, "Ar Khuren Uul," "Bor Tolgoi," and "Munkhiin Tsagaan Dörvöljin" in Govi-Altai aimag. Although leading companies and foreign countries are interested in acquiring rare earth elements and collaborating, there are virtually no ongoing projects in these deposits. Attempts to start projects have faced opposition from some individuals calling themselves 'patriots.' For instance, in "Halzan Buregtei" located in Myangad sum of Khovd aimag, when "Mongolian National Rare Earth Corp" LLC sought to continue research and exploration, some citizens opposed it, reportedly assaulting 66 employees. These opposing citizens claim that if the Halzan Buregtei project proceeds, it will lead to the extinction of biodiversity in Myangad, Dörvön, Buyant, and Chandmani sums of Khovd aimag, as well as Zavkhan and Uvs aimags. Sources suggest that such false information similar to uranium-related claims might be being spread by someone. Researchers emphasize that we need to act quickly as Tesla has started experimenting with synthetically producing rare earth elements.
"Erdenes Oyu Tolgoi" LLC Announces Open Recruitment
Published: 2024-12-03 | Translated from: news.mn
The Government of Mongolia owns a 34% stake in Oyu Tolgoi LLC, the company implementing the strategically significant Oyu Tolgoi project in Mongolia. Erdenes Oyu Tolgoi LLC, which holds this stake, is inviting applications for job openings. Job positions announced: - Information Analyst 1 - Financial Modeling Specialist 1
Diplomacy
Japan to Provide Defense Equipment Assistance to Mongolia
Published: 2024-12-03 | Translated from: gogo.mn
Japan has decided to provide surveillance equipment to four countries in Asia and Africa, one of which is Mongolia. This initiative is part of the Official Security Assistance (OSA) program aimed at delivering defense equipment and other tools from Japan to strengthen security cooperation. For the 2024 budget, the plan is to supply equipment to enhance aerial and maritime surveillance in four countries: the Philippines, Indonesia, Mongolia, and Djibouti. According to NHK, a budget of 5 billion yen, equivalent to more than 115 billion Mongolian tugriks, is allocated for these four countries. In 2023, under this program, coastal surveillance radars and other equipment were provided to the Philippines, Malaysia, Bangladesh, and Fiji.
Our country supports the draft agreement to transfer defense technology and equipment from Japan
Published: 2024-12-03 | Translated from: ikon.mn
In today's meeting of the Standing Committee on Security and Foreign Policy of the State Great Khural, the issue of consulting on the draft agreement between the Government of Mongolia and the Government of Japan on the transfer of defense technology and equipment was discussed. Defense Minister S. Byambatsogt presented the draft agreement. The Minister emphasized at the beginning of his introduction that the defense relations and cooperation between Mongolia and Japan have developed extensively, including exchange visits, military training and preparation, cooperation between land forces and air forces, programs to strengthen engineering troops and military medical capabilities, and participation in joint exercises and training. In his presentation, the Minister noted that in 2015, the Governments of the two countries signed an agreement on "Cooperation in providing humanitarian assistance, disaster relief, and implementing training for UN peacekeeping operations." Furthermore, in 2012, the two ministries of defense signed a "Memorandum of Understanding on Cooperation in the Defense Sector," and during the working visit of the Defense Minister to Japan in February 2024, a revised document of this memorandum was signed. During the state visit of the President of Mongolia U. Khurelsukh to Japan in 2022, the issue of establishing a "Governmental Agreement on the Transfer of Defense Technology and Equipment" was included in the "Special Strategic Partnership for Peace and Prosperity" action program between Mongolia and Japan. To implement this, in March 2023, the Ministry of Foreign Affairs gave direction, and working groups from both sides were appointed. A preparation meeting of the working groups on both sides was held online on October 18, 2023, and official consultations on the agreement began. The sides exchanged drafts of the agreement in February, March, May, June, and July of 2024. On July 24, 2024, an online meeting of the working groups was held to finalize the content of the agreement. The issue of establishing an intergovernmental agreement was supported at the government's meeting on September 18, 2024, and it was resolved to issue a resolution by the Prime Minister granting authority to sign the agreement, contingent upon the support of the relevant Standing Committee of the State Great Khural. Establishing this intergovernmental agreement is significant as it will fulfill the implementation of the "Special Strategic Partnership for Peace and Prosperity" action program between the two countries, deepen defense sector relations and cooperation, strengthen military confidence in the region, increase the number of countries with military-technical cooperation, enable the transfer of modern defense technology and equipment from Japan, and enhance the capabilities of the Armed Forces of Mongolia. In connection with the issue under discussion, members of the State Great Khural P. Naranbayar, S. Erdenebold, and N. Batsumberel asked questions and received answers from the working group members. Members P. Naranbayar and N. Batsumberel expressed their support for the draft agreement and requested information about agreements and treaties being implemented in Mongolia. Member S. Erdenebold highlighted the successful participation of our military personnel in peace support operations and expressed their views on whether the equipment and technology to be acquired under the agreement meet current conditions and needs, requesting specific information on this from the Ministry of Defense. The majority of the members participating in the Security and Foreign Policy Standing Committee supported the draft agreement between the Government of Mongolia and the Government of Japan on the transfer of defense technology and equipment, as reported by the Media Center of the State Great Khural.
Infrastructure
Battery Storage Station with 50 MW Capacity Begins Trial Operation
Published: 2024-12-03 | Translated from: itoim.mn
In the Baganuur district, the construction of a battery storage station with a capacity of 50 MW has been completed. The construction work on this station began on September 6 and was planned to be operational by November 30. According to the plan, the construction was completed on the 30th of the previous month, and it has started operating in a trial mode. We sought further information from the head of the Investment Department of the capital, B. Munkhbat. He stated, “Within the framework of ensuring the reliable energy operation of Ulaanbaatar city, the work to build a 50 MW battery station in the Baganuur district began. Last week, a technical committee engaged in connecting the trial setup. After organizing the trial mode and technical stabilization, the state commission will work on this station. On behalf of the capital city, we have submitted a request to the relevant organization to make the state commission operational. Once the state commission completes its work, the station will be handed over to the users. The total budget cost of this work is estimated at 293.5 billion Tugriks. As of today, the trial or stabilization work is being conducted.” The station building was constructed by the Chinese company "Envision Energy," with local "Monhorus International" as a subcontractor. With the operation of the battery storage station, it becomes possible to store excess energy produced at night and supply it back into the central system during peak load times.
50 MW Battery Storage Power Plant Begins Trial Operation
Published: 2024-12-03 | Translated from: itoim.mn
The construction of a 50 MW battery storage power plant in Baganuur District has been completed. The construction of the plant began on September 6th and was scheduled to be operational by November 30th. In accordance with the plan, the construction was completed on the 30th of last month, and trial operations have begun. We spoke with B. Munkhbat, the head of the Investment Department of the capital, about this. He stated, "The construction of a 50 MW battery power plant in Baganuur District was initiated to ensure reliable energy operations in Ulaanbaatar city. Last week, a technical commission conducted trial connections. After organizing trial and technical adjustments, the National Commission will work on this plant. A request has been sent to the relevant organizations to have the National Commission work on behalf of the capital. After the National Commission's work, the plant will be handed over to the operators. The total budget for this project is 293.5 billion MNT. As of today, trial operations or adjustments are being carried out." The building of this plant was carried out by the Chinese company "Envision Energy," with domestic subcontractor "Monhorus International" also involved. Once the battery storage power plant is operational, it will allow excess energy produced during the night to be stored and then fed back into the central system during peak demand periods.
Batteries storage station with 50 MW capacity in Baganuur has been connected, testing underway
Published: 2024-12-03 | Translated from: ikon.mn
The construction of a battery storage station with a capacity of 50 MW, a capacity of 200 MWh, and a frequency of 50 Hz in the Baganuur district has started. The tender for the construction was won by China's "Envision Energy" company, which signed an agreement to complete it by November 30, 2024. According to the Capital Investment Office, the construction work on the 50 MW battery storage station has finished and the state commission has conducted inspections. The station was connected on November 30. Currently, station adjustment and testing work is underway, which will last for 1-7 days. If the Ministry of Energy deems the test successful, it will officially accept the station. The 50 MW battery station will supply electricity to the central system of Ulaanbaatar city during peak loads. When the load decreases, it will disconnect from the system and recharge itself. Regular maintenance and service can ensure the battery station operates for more than 20 years, as noted by J. Chen, the authorized representative of China's "Envision Energy" LLC. With this station becoming operational, Ulaanbaatar city will have battery storage stations on both the west and east sides. Previously, in December 2023, a battery storage station capable of supplying 80 MW of electricity was commissioned in Emeelt. Warning: Media organizations (TV, Radio, Social, and Websites) must mention the source (ikon.mn) when using our information in any form, fully or partially.
Society
B. Battsetseg: Consuls General for Hong Kong, Busan, and Erenhot Selected by Coalition Parties
Published: 2024-12-03 | Translated from: itoim.mn
Some appointments are being made due to the expiration of the terms of Consuls General and Ambassadors serving in certain countries. Currently, Foreign Affairs Minister B. Battsetseg has submitted proposals to countries for appointing D. Odbaatar as Consul General to the Hong Kong Special Administrative Region of China, U. Jadamvaa as Consul General to Busan, South Korea, and J. Lkhagvadorj as Consul General to Erenhot, China. The final decision has not yet been made. According to Foreign Affairs Minister B. Battsetseg, the positions of Consuls General in Busan, Hong Kong, and Erenhot were vacated, and three parties that are part of the Coalition Government each nominated one person. Political decisions were made by the parties based on the interest expressed by the nominated individuals. The proposals to appoint D. Odbaatar as Consul General in Hong Kong, U. Jadamvaa in Busan, and J. Lkhagvadorj in Erenhot were submitted to the other party. However, the final decision has not yet been made. Other ambassadorial issues have not been discussed. The three parties of the Coalition Government, namely MPP, DP, and HoRP, proposed these three individuals for Consuls General. D. Odbaatar, the former Chairman of the Constitutional Court, was nominated by MPP, U. Jadamvaa by DP, and J. Lkhagvadorj by HoRP.
Environment
ToS Forum: Mongolia Must Urgently Develop Agriculture, Energy, and Construction Sectors in an Environmentally Friendly Manner
Published: 2024-12-03 | Translated from: montsame.mn
Ulaanbaatar. Under the auspices of the President of Mongolia, the international forum "Financing Green Development in Mongolia" was successfully organized in Ulaanbaatar from the 27th to the 29th of this month. This forum, now in its third year, was organized in cooperation with the Presidential Office, the Mongolian Sustainable Finance Association (ToS Association), Khan Bank, and the UN in Mongolia, with support from other domestic and international partner organizations. Recently, the 29th UN Climate Change Summit was held in Baku, Azerbaijan. Following the UN high-level summit, where global leaders focused on increasing budgets, funds, and financing to combat climate change, it was significant that the "Financing Green Development in Mongolia" forum was organized. For Mongolia, urgent issues include combating climate change, soil degradation, yellow dust storms, and desertification. Therefore, protecting the environment and accelerating green development is now a pressing issue. By 2030, Mongolia must fully fulfill its international commitments within the framework of the Sustainable Development Goals and the Paris Agreement. Domestically, one of the main ways to improve the lives of citizens, businesses, and people living and working in rural areas is to protect the environment and accelerate green development. Thus, at the forum "Financing Green Development in Mongolia," policymakers, regulatory bodies, private sector representatives, and civil society leaders shared their work and results and discussed how everyone can work together. The main discussions of the forum took place on the 28th of this month at the State Palace. Topics included the green transition of the agricultural sector, financing energy-efficient residential housing, and increasing green financial flows. Mongolia has set policies, goals, and commitments to reduce greenhouse gas emissions by 22.7% by 2030 and to balance emissions and absorption by 2050. Professional assessments indicate that to fully implement these commitments, Mongolia needs financing equivalent to more than 50% of GDP. Therefore, comprehensive legal and business environment reforms to increase environmental and green development financing need to be intensified, as highlighted by the President of Mongolia in his opening speech at the forum. The President also stressed the importance of taking decisive measures, focusing on effectively combating climate change, fulfilling international commitments, and working together harmoniously with all segments of society. Every year, $100 billion is spent on developing countries to combat climate change, but this amount is now to increase to $350 billion worldwide, as agreed by the countries. In other words, the financial opportunity for the shift to a green economy and green technology is growing. "Therefore, if Mongolia works with good planning, policy, and intelligence when moving towards a green economy, there is potential for considerable funds, finances, and investments for fighting climate change," noted Environment and Climate Change Minister S. Odontuya during the forum. For our country, one of the three main sectors that contributes to greenhouse gases and environmental degradation is the energy sector. The second major area is agriculture, followed by the construction industry. Developing these sectors in a way that minimizes environmental impact and supports green development was one of the main topics of interest during the forum. Before delving into this, let's share the outcomes of the previous two forums. Firstly, our financial sector, especially the banking sector, made a commitment to direct loans towards supporting green businesses. At that time, only 1% of bank sector loans were green loans, but within the last two years, this percentage has increased to 3%. Based on a presidential initiative, the financial sector is working to ensure that by 2030, 10% of bank sector loans become green loans. Secondly, we are adopting international best practices that increase environmental sector financing. A significant example is the establishment of a "Permanent Environmental Financing Program" in cooperation with the International Conservation Foundation, supported and initiated by the President. To date, over $70 million in grants have been mobilized from international investors. It is expected that by 2030, an additional $100 million can be mobilized through public-private partnerships, as noted by B. Davaadalai, the President's economic policy advisor, in an interview with our agency. Let's summarize the discussions covered at the "Financing Green Development in Mongolia" forum. What issues were addressed during the "Opportunities for Cooperation in Strengthening Green Financial Flows" discussion? At the international level, green development and the transition to green are identified as priority issues. Within the framework of the government-approved program over the next four years, the focus will be on creating a legal environment for green development, establishing a system for green financing, and improving the infrastructure of the green economy, officials presented during the discussion. Furthermore, addressing environmental and climate change issues requires commitments with timelines worldwide. The banking sector is moving towards creating a system to provide more accessible, low-interest financing for green and environmentally friendly products and services, as introduced by the President of the Central Bank, B. Lkhagvasuren. However, there is a focus on addressing the poor understanding of green loans and ensuring certification and follow-up after green loans are issued, as well as training customers and explaining the importance of green loans. Important bank sector representatives such as Executive Director of "Golomt" Bank A. Odonbaatar highlighted the need for financial institutions to collaborate on these efforts. Khan Bank issued green and social bonds in Mongolia for the first time, while recently, the Trade and Development Bank attracted $50 million in green and social bonds from international professional investors. Regulatory bodies stressed the necessity for a real incentive mechanism to increase the flow of green loans. Building energy-efficient buildings needs actual production, not just construction. Energy-efficient, environmentally friendly development for the construction sector addressed how to develop with the "Immerse in Green Solutions: Financing Energy-Efficient Housing Solutions" discussions. "We are implementing policies for green housing supply and demand. We are focusing on finding solutions on how to finance green incentives from the Climate Fund, seeking open suggestions from the public and organizations," introduced G. Luvsanjamts, head of the Green, Inclusive Housing System and Finance Task Group under the Parliament. Ulaanbaatar’s General Development Plan until 2040 includes a housing policy for energy efficiency. Green housing in Ulaanbaatar must initially have higher costs to reduce operational expenses and energy use. While the initial cost is 13% higher than standard housing, studies show operational costs can be 20% lower, shared by officials. There is a need to implement two main principles: eliminate energy shortages and attract timely subsidized loans. The construction industry plans to raise thermal energy standards as it resolves to build energy-efficient buildings, announced E. Batbold, head of Housing Unit, Ministry of Urban Development, Construction and Housing. How to develop energy efficiency in housing while reducing energy loss in detached houses and ger districts is the main issue. Participants noted that public awareness campaigns need progress on the benefits of energy-efficient insulation for household finances and shared their experiences and information. For instance, Eco Bank Department Director of XacBank G. Tuul noted, "Since 2010, we understood the necessity of collaborating with construction companies to implement energy-efficient detached housing projects. It's critical to build houses that conserve energy without thermal loss but to avoid airtight buildings; they need additional ventilation systems. Now, we are collaborating with about 30 construction companies that fulfill our requirements to save at least 20% of energy, providing energy efficiency certificates through process monitoring." Also, producing energy-efficient buildings rather than just constructing them is necessary. By producing building materials that align with green building policy, labor and waste can be optimized. A genuinely efficient detached house is an example of practical development, as highlighted by participants. The government declared 2025 as the "Year of Supporting Youth," linking housing policies to provide social security for young families, shared L. Enkh-Amgalan, Minister of Social Protection. "Support target groups such as young families, large families, people with disabilities, and civil servant families with mortgage prepayment, covering 50% through the Loan Guarantee Fund. Soon, standards for detached houses will be renewed, and the focus will shift from only high-rise apartments. Mortgage loans will be available for energy-efficient detached houses. This can address urban concentration, traffic congestion, air, and environmental pollution," he emphasized. Since implementing housing mortgage loans in 2013, 8.9 trillion MNT in loans have been provided to 130,000 households. However, during this period, without increasing supply, demand has increased, inflating housing prices and leading to 2-3 loans per person affecting essential target groups more than 2-3 times through connections, turning into a business principle criticized for creating long queues waiting for loans. "Challenges and Solutions for Transitioning to Sustainable Agriculture" explored what was discussed. With the global transition towards addressing climate change, financing Mongolia's green transition enables the shift to sustainable agriculture, creating a robust green future adapted to climate change. The discussion focused on the need for effective management in agriculture, forestry, water supply, and disaster risk areas. For example, Executive Director of Goyo Cashmere LLC B. Ariunaa noted that the government has issued revolving funds and equipment loans over the past three years, significantly investing. To achieve long-term impactful results, we are preparing to initiate a cashmere cluster. Companies need to unite and form a consortium to access long-term concessional loans effectively. European Bank for Reconstruction and Development's Climate Strategy and Regional Director N. Anwar commented on the importance of climate adaptation financing in agriculture. While agriculture receives only 3-5% of climate financing, it poses challenges and opportunities. Lessons from other countries show that any subsidy programs need to be viewed holistically and meet reporting standards. Executive Director of Mongolian Natural Heritage Fund E. Nomindari noted the necessity for organizations to protect the environment and biological diversity discussed during the 2022 ToS Forum. Since then, two funds have been established. Mongolia's Natural Heritage Fund aims to secure long-term environmental and biodiversity project financing, with the scope covering pasture issues. Banks have started attracting green financing sources, and the strong policy and standards framework has led to initiatives to implement and test reward systems in agriculture. The banking sector is striving to make 10% of total loans green loans. "Sustainable Finance Forum" continued for the third day with "Impact Investment and Accessible Sustainable Financing." The conference provided useful information on green finance, green loans, and environmentally friendly topics to citizens and businesses. However, there is a lack of awareness about discounted green and eco-friendly equipment loans for SMEs, or clients can't meet standards, which prevents participation. Therefore, banks explained what criteria need to be met for loans and presented solutions to challenges faced by individuals and businesses. For instance, Executive Director of Khan Bank R. Munkhtuya noted that "to develop Mongolia's green economy requires $11.5 billion, of which we have collected $1.2 billion. Moving forward, if all stakeholders recognize national goals and collaborate to identify and address sector project needs, focusing on required sources can lead to more effective results. Khan Bank plans a mid-term plan to increase green loan packages to 798 billion MNT in 2024. Aiming for 2030, the vision is that 10% of the bank sector's total loan portfolio should be green loans," she stated. Meanwhile, Resident Director Hannes A. Takach of the European Bank for Reconstruction and Development in Mongolia mentioned, "The global investment environment is evolving. Besides green development projects, investments now target projects aimed at reducing carbon emissions." Additionally, the Asian Development Bank discussed funding for adaptation to climate change as part of the goal to achieve Paris Agreement commitments. TESO Group's Executive Director S. Bolor shared, "In cooperation with Khan Bank, we received the largest green financing last year, and our group companies are implementing standard practices in sustainable development, social responsibility, and the environment. An example is our camel milk project; infusing Mongolian youth's intellectual innovation into milk in herds within Mongolian pastures, accessing international markets, creating a sustainable ecosystem. The main aim of the ToS Forum is to determine important policy reforms to support collaboration, partnerships among stakeholders, and propel Mongolia’s sustainable development leading goals accordingly. Over three days, outside the main forum, various activities shared international experiences with banking and financial sector experts and small to medium entrepreneurs.
The 16th Session of the Conference of Parties to the UN Convention to Combat Desertification Has Started
Published: 2024-12-03 | Translated from: gogo.mn
Prime Minister L. Oyun-Erdene is participating in the 16th session of the Conference of Parties to the UN Convention to Combat Desertification, taking place in Riyadh, Kingdom of Saudi Arabia. He visited pavilions organized by Mongolia and some other countries. Prime Minister L. Oyun-Erdene expressed his appreciation for promoting the government's primary focus areas on the international stage, including combating desertification, reducing air pollution, improving water supply, and adapting to climate change. For the first time, Mongolia is participating with pavilions in the blue and green zones within the framework of the UN Convention to Combat Desertification. This year's conference coincides with the 30th anniversary of the UN Convention to Combat Desertification and is organized under the theme "Our Land, Our Future." In the blue zone pavilion, a conference is held to promote the activities of the government and international organizations. The green zone pavilion, which is open to the public, is mainly organized by private enterprises and non-governmental organizations. High-level meetings will be held in the blue zone pavilion, where Mongolia intends to share detailed information about the national-level measures being implemented to combat desertification and land degradation. Mongolia also aims to share effective measures and experiences against desertification and introduce the country to the global community. Mongolia's pavilion in the "Green Zone" is organized under the slogan "Go sustainable: Nomadic heritage, resilient rangeland." The pavilion aims to introduce the policies and various initiatives being undertaken to reduce land degradation and desertification, support green innovation, and showcase the country's cultural heritage and tradition of adaptation to climate change. Mongolia's state and non-governmental organizations, private sector, and specialized UN agencies are participating in this event, as reported by the Government Press Office.
Kh. Nyambaatar: The process of converting improved briquettes to gas will be carried out in phases
Published: 2024-12-03 | Translated from: itoim.mn
In relation to transferring the management of Tavantolgoi Fuel LLC to the city's jurisdiction starting from December 1, 2024, Mayor Kh. Nyambaatar visited the company and gave directives. Furthermore, he announced plans to change the raw materials used for producing improved briquettes in the future and eliminate operations dependent on social welfare and subsidies. He also stated that the distribution and sale of improved briquettes outside Ulaanbaatar city will be halted. Mayor Kh. Nyambaatar of the capital city said: "While the number of briquette users has increased by 10% in the past, production has increased by 200,000 tons. As a result, a loss of 1.2 trillion togrog has been incurred. Despite this, pollution has not decreased. We will monitor where the theft is occurring using technological solutions. Now that management has come to the city, we will not sit idly by and tolerate this theft and inefficient spending." "Every tea house along the local roads has Tavantolgoi's improved fuel. Why is that fuel there? Why has the real cost of a sack of fuel not been transparently announced to this day? According to the information I have obtained, the real cost of one sack of improved briquettes provided to citizens for 3750 togrog is 20800 togrog. This difference is being covered in the form of subsidies, using taxpayers' money. Why are workers being offered housing support when the work is at a loss, and why isn't the workforce being reduced? Although the company has the capacity to operate with 1850 people, why is it operating with 2080 people? There is no such business in the world operating at such a loss. Why hasn't a real evaluation been made and changes implemented in this situation?" In the future: - By June 1, 2025, a proposal to reduce the number of employees at Tavantolgoi Fuel Company by 50% will be presented to the City Assembly. The city itself will be responsible for transferring the people who are laid off to other jobs. - In 2025, a project to convert 20,000 households using coal to gas will be initiated. We are currently working on the feasibility study. If successful, every year, 20,000 households will be converted to gas. Like the 300 billion togrog in subsidies that your company receives each year, the subsidy given for using gas in winter will be transferred to the 20,000 households. The process of eventually converting improved briquettes to gas will be carried out in phases. In other words, a unit to shift from solid fuel production to liquid fuel production will be established and initially proposed for the City Assembly's support, and then submitted to the government. - Starting from June 1, 2026, the transportation and storage of improved briquettes will be managed by the distributor itself. - Fuel technology will be improved. Many issues and businesses related to your company are being discussed. There are businesses related to midling, distribution, and supplying bags for example. Some people may oppose the city's decision due to their vested interests on these matters. However, we will not deceive our citizens by saying the smoke has thinned.
Innovation
Drone Factory to be Established in Mongolia
Published: 2024-12-03 | Translated from: gogo.mn
The "National Association of Drone Developers of Mongolia" and the "Association of Drone Developers of the Republic of Korea" have signed a memorandum of understanding. Under the framework of this memorandum, the Ministry of Digital Development, Innovation, and Communications will work to create a legal and regulatory environment for drones in Mongolia and support the exchange of drone technology and know-how at the policy level. Minister of Digital Development, Innovation, and Communications, Ts. Baatarkhuu, highlighted the necessity of introducing and localizing new advanced technology in Mongolia. Especially, the government has decided to focus on drone development and establish a special drone zone. Three tasks have been planned in this direction: first, passing the drone law in the spring session of parliament; second, preparing and training drone operators; and third, introducing drones for agriculture, environmental protection, and delivery purposes. The memorandum signed today marks a new chapter in the history of the technology sector. Additionally, "Blue Sky Drone" and "Sandori Drone" companies have signed a memorandum of understanding to introduce South Korean technology for the production and development of drones in Mongolia. Chairman of the Board of the "National Association of Drone Developers of Mongolia," B. Munkhbolor, stated that five types of drones suitable for Mongolian conditions are planned to be produced starting next spring. Specifically, drones for the environment, agriculture, long distance, training, and emergencies will be manufactured. It is planned to introduce the technological experience of South Korea and produce drones with a capacity of 20-30 kg that can operate at temperatures of -25 to -35 degrees Celsius. Director of GCNC of South Korea, Hong Yun Geun, expressed the importance of first establishing a legal environment for drones. He mentioned their readiness to share their experiences in this direction. They will also collaborate in preparing and organizing training for drone operators. Furthermore, they will share technological solutions for drone production. Since 2023, South Korea has introduced drones for delivery, making deliveries over 2.3 km within 7 minutes. The country is implementing four strategic policies for drones and is expanding its drone delivery strategy. Additionally, in remote areas, drones can deliver 5 kg of cargo when water levels rise. They have detailed and mapped out routes within the city for this purpose. In agriculture, the service of spraying 2 hectares with chemicals in 28 minutes has been introduced. In this way, drones are increasingly being used at a professional level rather than just as toys. Source: Ministry of Digital Development, Innovation, and Communications.
Drones to be Produced in Mongolia Using South Korean Technology
Published: 2024-12-03 | Translated from: isee.mn
The National Association of Drone Developers of Mongolia and the Association of Drone Developers of South Korea have signed a memorandum of understanding. Under this memorandum, the Ministry of Equipment and Digital Development will cooperate in establishing a legal framework related to drones in Mongolia, exchange information on this field, and support the exchange of drone technology, know-how, and related information at a policy level. Minister Ts.Baatarkhuu highlighted, "There is an urgent need to introduce and localize advanced new technologies in Mongolia. In particular, the government has focused on drone development and plans to establish a special drone zone. We have planned to carry out three tasks in this area. First, to have the Drone Law passed by the Spring Session of Parliament, second, to train and educate drone operators, and third, to introduce drones in fields such as agriculture, environmental protection, and delivery services. The memorandum signed today marks the beginning of a new chapter in the technology sector." Additionally, "Blue Sky Drone" and "Sandori Drone" companies have signed a memorandum of understanding. In this context, South Korean technology will be introduced to produce and develop drones in Mongolia. Chairman of the Board of the National Association of Drone Developers of Mongolia, B.Munkhbolor, stated, "Starting next spring, we plan to produce 5 types of drones customized for Mongolian conditions. Specifically, we aim to produce drones for the environment, agriculture, long-range, training, and emergency response. We plan to introduce South Korean technological know-how to produce drones capable of operating in -25 to -35 degrees Celsius and carrying loads of 20-30 kg." CEO of GCNC from South Korea, Hong Yun Geun, mentioned, "First and foremost, it is crucial to establish the legal environment for drones. We are ready to share our experiences in this field. We will also collaborate in preparing drone operators and organizing training. Furthermore, we will share technological solutions for drone production." Since 2023, South Korea has introduced drones for delivery services, capable of completing deliveries within 7 minutes over a 2.3 km distance. The country is implementing four strategic policies for drones, including a wide-reaching strategy for drone deliveries. Additionally, in remote areas, drones can deliver 5 kg packages when water levels rise. They have mapped and detailed routes and paths within cities for this purpose. In the agricultural sector, a service that sprays pesticides on 2 hectares of land in 28 minutes has been implemented. In modern times, drones are being used on a professional level rather than just for recreational purposes.
TMK Energy: Three test wells for coal gasification launched in Gurvantes, Umnugobi Province
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled the gas production capacity of its largest project in Mongolia, the Gurvantes project, by launching three new test wells over the past weekend. TMK has six test wells named “Lucky Fox” and plans to accelerate commercial production exploration as part of the Gurvantes coal seam gas project. With a total reserve of 1.2 trillion cubic feet, Gurvantes XXXV is considered Mongolia’s largest gas reserve. TMK owns 100% of the Gurvantes XXXV project and holds 20% of the Napolean project located in the Barrow-Dampier sub-basin near Carnarvon in Western Australia. According to TMK, production pipes, pumps, and fiber optic cables with temperature sensors have been successfully installed in three test wells named LF-04, LF-05, and LF-06. TMK Energy's Executive Director, Dugald Ferguson, stated, "The launch of six test wells will double the production capacity, supporting clean energy solutions and contributing significantly to Mongolia's transition away from coal." The "Gurvantes XXXV" project site, with an estimated reserve of 5.9 trillion cubic feet, is located 20 kilometers from the Mongolian-China border, covering an area of 8400 square kilometers. Initially, 66% of the project was owned by TMK Energy and 33% by Talon Energy. However, in February 2024, the Australian Stock Exchange-listed TMK Energy announced the acquisition of the remaining 33% from Talon Energy, thereby achieving full ownership of the project. The substantial investment made by TMK in utilizing coal seam gas resources in Mongolia has yielded results in just two months, significantly impacting oil and natural gas exploration and production. As a reminder, TMK Energy (known locally as Telmen Resource) is implementing a coal seam gas project in the Gurvantes district of Mongolia’s Umnugobi Province and announced in 2023 the feasibility of portable gas extraction in the Gurvantes area, having obtained initial gas from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
Training Drone Pilot Operators with South Korea
Published: 2024-12-03 | Translated from: montsame.mn
The National Association of Drone Developers of Mongolia and the Association of Drone Developers of South Korea signed a memorandum of understanding. Under this memorandum, Mongolia will collaborate on establishing laws and legal environments related to drones, exchange information in this field, and support exchanging technology, know-how, and relevant information at a policy level. They have decided to develop special drone zones on the ground. Specifically, they aim to pass the Drone Law in the spring session of the State Great Khural, train and prepare drone operators, and introduce drones in agriculture, nature protection, and delivery fields. Today’s memorandum is opening a new page in the history of the technology sector. Additionally, "Blue Sky Drone" and "Sandori Drone" companies have signed a memorandum of understanding to bring South Korean technology for drone production and development in Mongolia. The Chairman of the National Association of Drone Developers’ Board, B. Munkhbolor, stated, "Starting next spring, we plan to produce 5 types of drones suitable for Mongolian conditions. We will produce drones for environmental protection, agriculture, long-distance education, and emergencies. We plan to introduce South Korean technological know-how to produce drones capable of carrying 20-30 kg in operations between -25 to -35 degrees Celsius." The CEO of GCNC in South Korea, Hong Yun Gun, expressed, "It is crucial to first create a legal environment for drones. We are ready to share our experience in this direction and will cooperate in preparing drone operators and organizing training. Further, we will share technological solutions for drone production." In South Korea, drones have been introduced for delivery in 2023, achieving deliveries within 2.3 km in 7 minutes. The country is implementing 4 strategic policies for drones and a wide-ranging delivery strategy. In remote areas, drones are used to deliver 5 kg of cargo when water levels rise. Detailed routes within the city are established and specified for such operations. The agricultural sector has introduced a service for spraying chemicals across 2 hectares in 28 minutes. This report from the Ministry of Road and Transport Development highlights how drones are now being utilized at a professional level beyond just recreational use.
Mongolia and America's Tech Companies to Expand Collaboration
Published: 2024-12-03 | Translated from: montsame.mn
The Acting Secretary of the Ministry of Digital Development, Innovation, and Communications, P. Altan-Od, met with O. Adiya, Executive Director of the American Chamber of Commerce in Mongolia (AmCham Mongolia), and I. Gerelchuluun, Director of Policy and Public Relations. P. Altan-Od stated, "With the new parliament and coalition government forming, we are developing a 4-year plan, sector policies, and strategies. The government emphasizes innovation, digitalizing public services, and processing data with artificial intelligence. A working group has been formed to draft communication strategies. We are conducting research to formulate ethical AI policies based on UN foundational documents. Estonia has been developing its AI strategy since the 1990s and updates it every two years. Learning from this experience, we have introduced the E-Mongolia platform and developed a mobile app, providing services to over 2 million citizens based on overlapping numbers. Going forward, we aim to ensure the quality of digital government services by processing and developing AI-based data. Meanwhile, we will support the digital economy within the policy framework," he said. O. Adiya emphasized, "AmCham Mongolia works to expand, strengthen, and protect the interests of US-Mongolia business partnerships and attract American investment. Our organization released a policy document on AI development this year. Within this framework, we focus on connecting American and Mongolian businesspeople, especially to expand the relationship between tech companies and establish representative offices," expressing a desire for future collaboration with the Ministry of Digital Development, Innovation, and Communications. AmCham Mongolia is the official branch of the American Chamber of Commerce, the world's largest business association with over 3 million members. Additionally, it is a member of the Council of American Chambers of Commerce in Asia-Pacific, which unites American chambers of commerce from 29 countries in the region. Follow @montsame.mn
TMK Energy: Three New Test Wells Operational at Gurvantes Site in Umnugovi Province
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled the gas production capacity of its largest project in Mongolia, the Gurvantes project, by putting three new test wells into operation over the past weekend. TMK, operating six "Lucky Fox" test wells, announced that it plans to accelerate the exploration for commercial production within the framework of the Gurvantes coal seam gas project. The Gurvantes XXXV field, with a total reserve of 1.2 trillion cubic feet, is considered the largest gas reserve in Mongolia. TMK owns 100% of the Gurvantes XXXV project and holds 20% of the Napoleon project located in the Barrow-Dampier sub-basin near Carnarvon, Western Australia. According to TMK, production piping, pumps, and fiber optic cables with temperature sensors have been successfully installed in three test wells named LF-04, LF-05, and LF-06. TMK Energy CEO Dugal Ferguson stated, "With the commissioning of six test wells, production capacity can be doubled. This can make an important contribution to supporting clean energy solutions and helping Mongolia transition away from coal." The "Gurvantes XXXV" project area, with confirmed reserves of 5.9 trillion cubic feet, is located 20 km from the Mongolia-China border, covering an area of 8,400 square kilometers. TMK Energy owned 66% and Talon Energy owned 33% until TMK Energy, a company listed on the Australian Stock Exchange, announced its acquisition of the remaining 33% from Talon Energy in February 2024, thus taking full ownership of the project. The significant investment TMK has made in utilizing Mongolia's coal seam gas reserves has yielded results within just a few months, having a notable impact on oil and natural gas exploration leading up to natural gas extraction. It should be noted that TMK Energy, known in Mongolia as Telmen Resource, implements the coal seam gas project in Gurvantes soum in Mongolia's Umnugovi region. In 2023, it confirmed the feasibility of extracting portable gas from the Gurvantes site and reported obtaining the first gas from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
TMK Energy: Three experimental wells for coal gasification launched in Gurvantes site, Umnugovi Province
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled the gas production capacity of its largest project in Mongolia, the Gurvantes project, by launching three new experimental wells during the past weekend. TMK has announced that it will accelerate commercial production exploration under the Gurvantes Coal Seam Gas Project with its "Lucky Fox" six experimental wells. The Gurvantes XXXV field, with a total reserve of 1.2 trillion cubic feet, is considered Mongolia's largest gas deposit. TMK owns 100% of the Gurvantes XXXV project and holds a 20% stake in the Napolean project located in the Barrow-Dampier sub-basin near Carnarvon in Western Australia. According to TMK, production pipes, pumps, and fiber optic cables with temperature sensors have been successfully installed in the three experimental wells named LF-04, LF-05, and LF-06. TMK Energy's CEO, Dugal Ferguson, commented, "With six experimental wells launched, we can double production capacity. This will significantly contribute to promoting clean energy solutions and help Mongolia transition away from coal." The Gurvantes XXXV project area, which has a determined reserve of 5.9 trillion cubic feet, is located 20 km from the Mongolia-China border, covering an area of 8,400 square kilometers. Previously, TMK Energy owned 66% and Talon Energy owned 33%. However, in February 2024, Australia's TMK Energy, listed on the Australian Stock Exchange, announced that it had acquired the remaining 33% from Talon Energy, thus gaining full ownership of the project. The significant investment by TMK in exploiting coal seam gas reserves in Mongolia has shown results within just two months, having a crucial impact from oil and natural gas exploration to natural gas production. It should be noted that TMK Energy (known in Mongolia as Telmen Resource) is implementing a coal seam gas project in the Gurvantes district of Mongolia's Umnugovi province, and in 2023 confirmed the feasibility of portable gas production in the Gurvantes area, announcing the extraction of the first gas from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
TMK Energy: Three Pilot Wells Commissioned at Gurvantes Site in Umnugovi Province for Coal Gas Production
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled its gas production capacity at its largest project in Mongolia, the Gurvantes project, and commissioned three new pilot wells over the past weekend as part of the project. TMK, with its six "Lucky Fox" pilot wells, announced it will accelerate its commercial production exploration within the framework of the Gurvantes coal seam gas project. The Gurvantes XXXV field, holding a total resource of 1.2 trillion cubic feet, is considered the largest gas field in Mongolia. TMK fully owns the Gurvantes XXXV project and holds a 20% stake in the Napoleon project located in the Barrow-Dampier sub-basin near Carnarvon in Western Australia. According to TMK, production pipes, pumps, and fiber optic cables with temperature sensors have been successfully installed in the LF-04, LF-05, and LF-06 pilot wells. TMK Energy's CEO, Dugal Ferguson, stated, "By commissioning the six pilot wells, we can double our production capacity. This will significantly contribute to supporting clean energy solutions and reducing Mongolia's dependence on coal." The Gurvantes XXXV project's site, with an established resource of 5.9 trillion cubic feet, is located 20 km from the Mongolian-Chinese border, covering an area of 8,400 square kilometers. It was previously 66% owned by TMK Energy and 33% by Talon Energy. However, in February 2024, TMK Energy announced it had acquired the remaining 33% of the Gurvantes XXXV project from Talon Energy, thereby fully owning the project. TMK's substantial investment in utilizing Mongolia's coal seam gas resources has yielded results within just two months, significantly impacting oil and natural gas exploration and production. As a reminder, TMK Energy, known in Mongolia as Telmen Resource, is implementing a coal seam gas project in the Gurvantes district of Mongolia’s Umnugovi province and confirmed the feasibility of portable gas production in the Gurvantes area in 2023, reporting the first gas extraction from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
TMK Energy: Three Test Wells for Gas Production from Coal Commissioned in Gurvantes, Ömnögovi Province
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled the gas production capacity of its largest project in Mongolia, the Gurvantes project, by commissioning three new test wells over the past weekend. TMK, which has a total of six test wells under the "Lucky Fox," has announced that it will accelerate its commercial production exploration under the Gurvantes coal seam gas project. The Gurvantes XXXV deposit, with a total reserve of 1.2 trillion cubic feet, is considered the largest gas deposit in Mongolia. TMK owns 100% of the Gurvantes XXXV project and holds a 20% stake in the Napoleon project located in the Barrow-Dampier sub-basin near Carnarvon, Western Australia. According to TMK, production piping, pumps, and fiber optic temperature sensors have been successfully installed in three test wells named LF-04, LF-05, and LF-06. TMK Energy's CEO, Dugal Ferguson, stated, "By commissioning six test wells, we can double our production capacity. This will enable us to support clean energy solutions and significantly contribute to Mongolia's transition away from coal." The "Gurvantes XXXV" project area, with proven reserves of 5.9 trillion cubic feet, is located 20 km from the Mongolia-China border and covers 8,400 square kilometers. It was previously owned 66% by TMK Energy and 33% by Talon Energy. However, in February 2024, TMK Energy, which is registered on the Australian Stock Exchange, announced that it had acquired the remaining 33% from Talon Energy, thus obtaining full ownership of the project. The significant investment made by TMK in utilizing Mongolia's coal seam gas resources has shown results within just two months, playing a crucial role in oil and natural gas exploration and extraction. To note, TMK Energy (known as Telmen Resources in Mongolia) implements a coal seam gas project in the Gurvantes district of Mongolia's Ömnögovi province. In 2023, they confirmed the potential for portable gas extraction in the Gurvantes area and announced that they had extracted the first gas from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
TMK Energy: Three Test Wells for Coal-to-Gas Production Commence Operation in Gurvantes, Umnugovi Province
Published: 2024-12-03 | Translated from: itoim.mn
TMK Energy has doubled the capacity of its gas production for the Gurvantes project, its largest project in Mongolia, with the commissioning of three new test wells over the past weekend. TMK, which has the "Lucky Fox" six test wells, announced that it will accelerate its commercial production exploration under the Gurvantes coal seam gas project. The Gurvantes XXXV deposit, with a total reserve of 1.2 trillion cubic feet, is considered the largest gas field in Mongolia. TMK owns 100% of the Gurvantes XXXV project and 20% of the Napoleon project in the Barrow-Dampier sub-basin near Carnarvon, Western Australia. According to TMK, the production pipe, pump, and fiber-optic cable with temperature sensors have been successfully installed in the three test wells named LF-04, LF-05, and LF-06. Dougall Ferguson, the CEO of TMK Energy, stated, "The commissioning of the six test wells will double production capacity, thus supporting clean energy solutions and significantly contributing to Mongolia's transition away from coal." The "Gurvantes XXXV" project site, with determined reserves of 5.9 trillion cubic feet, is located 20 kilometers from the border of Mongolia and China, covering an area of 8,400 square kilometers. Previously, TMK Energy owned 66% and Talon Energy owned 33%. However, in February 2024, TMK Energy, registered on the Australian Stock Exchange, announced that it had acquired the remaining 33% of the "Gurvantes XXXV" project from Talon Energy, thereby owning the project entirely. The significant investment made by TMK in developing its coal seam gas reserves in Mongolia has yielded results within just two months, having a critical impact from oil and natural gas exploration to natural gas extraction. As a reminder, TMK Energy (known in Mongolia as Telmen Resources) implements the coal seam gas project in Gurvantes, Umnugovi Province, Mongolia, and confirmed in 2023 that portable gas extraction is feasible in the Gurvantes field, announcing the first gas extraction from the "Lucky Fox-1" well. Source: The Sydney Morning Herald
Member discussion