Feb 19, 2025 66 min read Daily News Summaries

Mongolia News Summary for February 19, 2025

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 MongolBeat or its members.

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Politics

Member of Parliament E. Bolormaa Should Be Withdrawn Due to Receiving Donation from Foreign-Owned Company During Elections

Published: 2025-02-18 | Translated from: ikon.mn

Member of Parliament (MP) E. Bolormaa is alleged to have received a donation of 30 million tugriks from a foreign investment company called "Khanbogd Exploration" during her candidacy in the past elections representing the western region. In connection with this, a press conference was organized by citizens' representatives at the National Information Center today on the issue of withdrawing her from the position of MP. The citizens' representatives stated, "MP E. Bolormaa should ethically withdraw herself. If not, there are legal grounds for her withdrawal because she received a donation from a foreign-owned company and unlawfully seized state power. This has already been proven. We demanded transparency of the list based on the limited conclusion published on the open website of the National Audit Office, stating that more than 50 members violated the election law. Consequently, we met with Deputy Auditor General Ya. Sambuunyam and related officials, who admitted their shortcomings verbally. E. Bolormaa receiving a financial donation from a 100% foreign-owned company is a violation of election law. The State Audit Office in the capital acknowledged not fully reviewing the report clearing E. Bolormaa of any infraction and promised to re-examine it. However, misleading activities ensued, delaying the response by 14 days. They ignore public complaints to satisfy group interests, overriding constitutional regulations. The national audit office disdains us, asking us to solve the issue based on the State Audit Office's conclusion. This raises questions about the necessity of the National Audit Office in Mongolia. We suspect that officials from the National Audit Office and the State Audit Office in the capital, who are hiding and misrepresenting violations and illegal funding and donations, may be receiving bribes. The concealment and misrepresentation of such violations grounds suspicions of corruption. Questioning the capability of the National Audit Office, which cannot detect a 30 million tugrik illegal transaction into a personal election account, to oversee financing of large projects and organizations. Prime Minister L. Oyun-Erdene must uphold political ethics, hold E. Bolormaa, whose entry into politics was enabled by his guidance, accountable and suspend her from being an MP. If not, he should resign together with her. We are approaching the Anti-Corruption Agency to investigate E. Bolormaa and other unaudited reports of relevant officials. If Chairperson of the Parliament D. Amarbaysgalan cannot hold these individuals accountable, he too should resign. President U. Khurelsukh must immediately initiate the process of withdrawing the Prime Minister, who fails to check national finances and continues to protect officials and fraudsters. If unable, he too must resign.

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G. Namchinsuren: A Revised Bill on Mineral Resources Will Be Submitted to the Spring Session

Published: 2025-02-18 | Translated from: ikon.mn

Today, the American Chamber of Commerce in Mongolia organized a discussion titled “Critical Minerals and Key Decisions Affecting Mongolia’s Transition.” The Joint Government aims to implement 14 mega projects, with the Ministry of Industry and Mineral Resources being responsible for seven of these projects. So far, contracts have been signed for two of these projects. Regarding this, G. Namchinsuren, Head of the Mineral Resources Policy Department at the Ministry of Industry and Mineral Resources, stated, "We have signed the investment agreement for the Zuuvch-Ovoo and Dulaan Uul deposits, which are projects being implemented jointly with the French company 'Orano Mining.' This project will continue with updated agreements with shareholders and a new agreement for the use of the deposit, with the construction work expected to be completed by 2028. Last week, the Prime Minister of Mongolia signed an intergovernmental agreement on the Gashuunsukhait-Gantsmod border railway link. The remaining five projects are in the field of processing and industrial production," he said. He further mentioned the working group responsible for drafting the revised bill on mineral resources, saying, "The working group has been established. To support the working group within the Parliament, a sub-working group is operating at the Ministry of Industry and Mineral Resources. Our goal is to develop the bill and submit it to the Parliament during this spring session. Under the current legal environment, exploration licenses are issued through a selection process. In this regard, we have established the regulations for awarding exploration licenses via a selection process and have registered it with the Ministry of Justice and Internal Affairs. Currently, licenses will be issued for about 50% of the announced area. We are evaluating cases where there is no interest from parties for the remaining areas," he said. Notice: Media organizations (Television, Radio, Social, and Web platforms) must cite the source (ikon.mn) when using our information, either in full or partially.

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Officials to be investigated for South Korea trip sponsored by CU company

Published: 2025-02-18 | Translated from: isee.mn

Public officials who traveled to South Korea for five days during working days at the expense of the CU company will be investigated by the Anti-Corruption Agency (ATG), announced the NGO representing kiosk operators. The representatives of the NGO, which supports those who make a living through kiosks, stated that "Traders like us have lived our lives without asking anything from the government. However, we officially announce that we will fight against state officials joining with foreign retail chain owners to destroy our livelihood. Furthermore, the public officials and directors who traveled to South Korea at the invitation and expense of the CU company will be investigated by the ATG." During this event, they also revealed the list of individuals participating in the training and trip funded by the "CU" company. The names presented were: - J. Dulamsuren, Head of the Food and Trade Services Department of the Capital City Administration of Ulaanbaatar
- N. Byambatsetseg, Manager of the Baganuur District
- N. Tsermaa, Head, Senior Inspector of the Monitoring Department, City Food and Agriculture Agency
- H. Chingmee, State Senior Inspector for Food Quality and Standards Control at the Monitoring Department of the Health, Education, and Social Protection Agency
- D. Delgerbayar, Senior Inspector in Environmental Health Control of the Capital City Health Department
- G. Batsuren, Head of the Food and Trade Services Department of the Bayangol District Administration
- D. Tsendochir, Head of the Food and Trade Services Division of the Bayanzurkh District Administration
- N. Tsedenchimed, Head of the Food and Trade Services Division of the Songinokhairkhan District Administration
- B. Jargal, Senior Specialist in the Food and Trade Services Division of the Sukhbaatar District Administration
- N. Saruultuya, Head of the Food and Trade Services Division of the Khan-Uul District Administration
- N. Bulgan, Head of the Food and Trade Services Division of the Chingeltei District Administration
- N. Khurelbaatar, Head of the Food and Trade Services Division of the Baganuur District Administration
- N. Bumtsend, Specialist Responsible for Trade Services Issues in the Food and Trade Services Department of the Capital City Administration of Ulaanbaatar
- N. Ulziimaa, Specialist in the Food Production Department of the Food and Trade Services Department of the Capital City Administration of Ulaanbaatar

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Concerns About Officials Traveling Abroad on Retail Chain's Dime

Published: 2025-02-18 | Translated from: ikon.mn

The citizens who run small kiosk businesses organized a press conference at the National Press Center. They have sent a demand to Prime Minister L. Oyun-Erdene and City Mayor H. Nyambaatar to investigate the matter of government officials allegedly traveling to South Korea at the expense of the CU company. They stated that 15 named officials would be subject to investigation by the Anti-Corruption Agency. Z. Punsaldulam, a member of the Board of Directors of the non-governmental organization “The Union for the Survival of Kiosk Managers,” said, “We have been fighting for the rights of kiosk operators for over eight years. During this time, we have never pursued matters related to corruption or abuse of official power. “However, today, after foreign chain stores like CU and GS25 have filled the city, they have taken over the jobs of small to medium-sized Mongolian merchants. We obtained information from CU employees and filmed the officials on their departure to South Korea on the 11th of this month at the airport. We also greeted them upon their return last Sunday. The head of the monitoring department of the City’s Food and Agriculture Department, along with the heads of food trade and service departments from nine districts, explained that they went abroad to 'study experiences.' It’s not possible for government officials with a salary of over two million MNT per month to travel abroad for personal experience at their own expense. According to our information, the expenses were covered by CU, and the invitation came from the South Korean side. They returned after spending a total of eight days, wasting government funds and work. Supporting foreign-invested chain stores is inadvisable. In the initial regulations, it was emphasized that these would be convenient stores. However, is that the case today? People complain that when they need to use a restroom, it’s closed and marked as unusable. Citizens are saying that almost all of them have become shelters for alcoholics. When there is commotion, officials say they traveled at their own expense. We want to investigate the issue of district officials, who grant trade permissions, traveling abroad on foreign chain store funding," he stated.

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URGENT: Connection to "Ukhaa Khudag" deposit and possible arrest of Colonel Z.Tormandakh from "MCS" group

Published: 2025-02-18 | Translated from: isee.mn

With the law requiring 34% of strategic deposits to be concentrated in the wealth fund coming into effect, the government has begun negotiations with enterprises that own strategic deposits. In connection with this, Prime Minister L. Oyun-Erdene issued an order to establish a working group to investigate and report on how the "Ukhaa Khudag" deposit, part of the Tavan Tolgoi deposit, was granted to "Energy Resources" company. This working group is to be led by the Minister of Justice and Internal Affairs, O. Altangerel. In relation to this, legal actions are reportedly being carried out towards MCS Group, the parent company of "Energy Resources." Colonel Z. Tormandakh, the head of the Legal Department of MCS Group, was reportedly arrested near his home in "J-Town." However, inquiries with official sources yielded the response, "There is no information available at the moment." As a point of interest, it has been reported in some media that MCS Group's J.Odjargal has employed Colonel Z. Tormandakh as head of security for some time. Z. Tormandakh has previously held significant state roles such as Director of the Investigation Department and Head of the Department at the Police Academy, and has worked as an investigator on the S. Zorig case, possessing sensitive state secrets and police information. There are concerns that his current private employment might involve leveraging his confidential knowledge. We will follow up with more information on the matter.

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Seven State Agencies Abolish and Amend Excessive Regulations

Published: 2025-02-18 | Translated from: isee.mn

Seven state agencies annulled 27 regulations that exceeded approval limits entirely and made partial amendments to 8 regulations. The "Permission Council" finalized the operational plan for 2025 during its regular meeting. It was also decided to establish working groups and appoint professional experts in sectors where the council's resolution is not being implemented, such as mining, energy, and education. Working groups will be set up in these sectors, while experts will be appointed in the banking, finance, and customs sectors. As of today, the "Permission Council"'s resolution is being implemented by the Ministry of Urban Development and Construction, Ministry of Environment and Climate Change, Ministry of Finance, Ministry of Family, Labor and Social Protection, Ministry of Justice and Internal Affairs, Ministry of Health, and Communications Regulatory Commission. These six ministries and the regulatory commission annulled 27 regulations entirely and made amendments to 8 others. For instance, Minister of Urban Development and Construction J. Batsuuri cancelled two regulations that exceeded the "Permission Law," reducing 11 items with 116 provisions to 3 items with 10 provisions. Additionally, the project allows special permits to be issued, enabling engineers to work on multiple projects simultaneously. The number of steps for approval has been reduced from 128 to 88, allowing approvals to be obtained digitally within 22 days instead of 200 days. Similarly, Health Minister T. Munkhsaikhan abolished laws and regulations exceeding the "Permission Law." As a result, the approval time has been reduced from 48 days to 22 days, and the number of steps has decreased from 133 to 65, thereby reducing bureaucratic demands for numerous documents. By doing so, the productivity of the government is increased, supporting quick and impartial decision-making, simplifying the business operations of citizens and enterprises, and reducing the steps required for obtaining permissions.

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S. Ganbaatar: If electricity prices are not increased as approved by the Parliament, the Minister of Energy will be held accountable

Published: 2025-02-18 | Translated from: itoim.mn

Member of Parliament S. Ganbaatar held a briefing on the issue of "holding the government accountable for unjustifiably increasing the prices of electricity and heat." He stated that the electricity and heating prices have been increased beyond the rates approved by the Parliament. Consequently, he sent official letters to the Ministry of Energy and the Energy Regulatory Commission demanding a response by March 1st. He also mentioned that information regarding substantial increases in electricity and heating prices from businesses and households will be received by the Parliament's Standing Committee on Industrialization. He warned that if the approved price increase levels are not adhered to, the sector's minister would be held accountable. He said, "I have visited 15 provinces and met with citizens. The prices of electricity and heating have increased excessively. This greatly affects the livelihood of the people. It especially impacts businesses, small and medium-sized enterprises. Household businesses are reaching the point of closing their doors. It significantly influences unemployment and price inflation. Therefore, I sent an official letter to the Energy Regulatory Commission, the Ministry of Energy, and the National Commission on Energy. It's essential to urgently stop increasing electricity prices beyond what was approved by the Parliament. If this continues, there's no choice but to hold the relevant bodies accountable. During Parliamentary discussions on energy and heating issues, I made seven statements opposing such measures. Citizens need to live in a healthy and safe environment and require warm nights. However, the Ministry of Energy and the Energy Regulatory Commission must take urgent action and notify if there have been unjustified tariff increases by March 1st. I have communicated my stance in writing. I urge businesses, household entrepreneurs, and SMEs to report unjustified increases in electricity and heating prices to the Parliament's Standing Committee on Industrialization.

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Officials who traveled to South Korea at CU's invitation to be investigated by the Anti-Corruption Agency

Published: 2025-02-18 | Translated from: news.mn

The Rapid Service Point (RSP) Survivors Association held a press conference today. The association announced that they are filing a complaint with the Anti-Corruption Agency concerning high-ranking officials who recently traveled to South Korea at the invitation of CU. They claim that corruption has reached a peak, with immoral individuals hoping to profit under state authority multiplying like parasites. Therefore, they are demanding the Prime Minister to take action to clean up these individuals at every level of government, making them ineligible to work in state service again as a step forward. They are also insisting that foreign businesses must cease taking over. They demand that legal responsibility be imposed on those corrupt officials who, together with foreigners, are destroying the lives of many street vendors by closing their stalls. Furthermore, they criticize the fact that instead of improving control and performing their duties during the approach of the Lunar New Year, around ten officials traveled to South Korea. These officials include the head of the office of the Ulaanbaatar City Governor, Dulamsuren, the manager of Baganuur district, Byambatsetseg, senior inspector of the City Food and Agriculture Department, Tsermaa, and senior food quality control inspector, Chimegee, among others. They explain their trip as an experience study, but personnel with a two million tugrik salary cannot afford to spend their own money to study abroad in South Korea. According to the information we obtained, the costs were covered by CU, which sent the invitation from South Korea. On a working day, officials should perform their duties, not undertake some so-called experience study.

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Mongolian Government Caught by Reality!

Published: 2025-02-18 | Translated from: news.mn

The Mongolian government has been caught by reality! Despite spending many trillions to rid Ulaanbaatar residents of smog, implementing numerous programs on paper, distributing stoves, and improving fuel, today the government finds itself without solutions or decisions. Over the years, countless people were made chiefs, numerous working groups were formed, and numerous decisions were left only on paper, all in an effort to reduce air pollution. Conversely, the only clear result of the Mongolian government's efforts is the tragic number of 785 citizens who lost their lives to carbon monoxide poisoning. Each time a new parliament is formed and a new government is established, a committee or department to reduce air pollution is also formed. Recently, the National Committee for Reducing Air Pollution, which had been dissolved, was reinstated and assigned to Minister S. Odontuya from the Democratic Party. Thus, she has recently taken on the heavy task of fighting air pollution, which includes calling on businesses to help reduce smog together. Her call to action has been supported by the same major domestic enterprises that are often criticized, with some already contracting to invest between 500 million and 5 billion MNT to work together. Specifically, companies such as Monos Pharm LLC, South Gobi Sands LLC, Boroo Gold LLC, Platinum Land LLC, Monpolymet LLC, Green Chemistry LLC, Sekuoia Trade LLC, and Eco Mine Systems LLC have joined the effort. Minister S. Odontuya continues to urge more businesses to collaborate. She stated, "The State Great Khural and the government are taking intensive measures to reduce air pollution in Ulaanbaatar city. Reducing air pollution is not just an issue for one ministry, one sector, or one organization. Therefore, the government is calling for COOPERATION between government organizations and private sector support to reduce air pollution." Naturally, it is clear that domestic businesses will support this call and work together, and it is certain that the number and financial contributions of companies will increase. Looking closely, it is these same criticized domestic enterprises that end up contributing to the state's efforts to combat smog. But if they are unjustly blamed, they will quietly let it pass. It's not surprising if an event similar to when Energy Resources provided coal for enhanced fuel and became the "culprit" happens. The phrase "public-private partnership" is often repeated like a mantra by Mongolian state leaders. On the surface, they say they support businesses, work together, and reduce government involvement, but in reality, the government itself often expands its structure and tries to do everything. Nevertheless, when the government asks for help, businesses are starting to do what they can. The Mongolian government acknowledges that it cannot fully resolve the air pollution issue and asks private enterprises for help. If from the beginning, the responsibility for reducing air pollution had been given to the private sector, we could have saved some money and some precious human lives. The involvement of the state in everything is notably faulty, problematic, and ineffective, and air pollution clearly exemplifies this.

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Economy

L. Gantomor Discusses Overcoming Challenges with Oyu Tolgoi

Published: 2025-02-18 | Translated from: news.mn

Mongolia's First Deputy Prime Minister and Minister of Economic Development L. Gantomor met with the CEO of "Oyu Tolgoi," Deirdre Lingenfelder. The "Oyu Tolgoi" company expressed its desire to receive support from the Mongolian government on certain issues. In particular, they requested assistance from the government to address difficulties faced in exporting copper concentrate. Minister L. Gantomor mentioned that if the issues related to copper concentrate exports could be resolved favorably, it would be possible to stabilize the foreign currency reserves, which have been temporarily affected due to a downturn in coal exports. The halt in coal exports has led to a rise in foreign exchange rates and a devaluation of the tugrik. Therefore, until the challenges facing coal exports are resolved, it was agreed to increase copper exports and work with "Oyu Tolgoi" to stabilize currency reserves and curb the rise in rates.

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"Erdenes Tavantolgoi" to announce tomorrow whether it will distribute dividends

Published: 2025-02-18 | Translated from: gogo.mn

The Board of Directors of "Erdenes Tavantolgoi" JSC will meet tomorrow. During this meeting, the company's financial performance and operational implementation for 2024 will be discussed. On December 20 of last year, each citizen holding 1,072 shares received an unexpected payment of 120,000 MNT as dividends from the company. At that time, the government announced that this was the first part of the total dividends, which raised expectations among citizens about when the next dividends would be distributed. This issue will be discussed and decided at tomorrow's meeting. According to the Company Law, the Board of Directors must meet within 50 days after the end of a financial year (after 2024.12.31). Members of the Board of Directors of "ETT" JSC: Chair of the Board, Urgamalyn Byambasuren: - Current position: Deputy Head of the Government Office - Appointed on: April 28, 2023 Education: - 1990: Graduated from the 33rd Secondary School of Ulaanbaatar - 1994: Graduated as a teacher from the Humanities University - 1998: Graduated from Bocconi University in Italy - Further education in management in South Korea (1997), United Kingdom (2002), insurance in Malaysia (2003), and development policy in Taiwan (2005). Holds a Master's degree in Business Administration Work experience: - 1994-1997: Specialist at Mongol Daatgal - 1999-2004: General Manager at Mongol Daatgal LLC - 2004-2007: Adviser to the Minister of Food, Agriculture, and Light Industry - 2007-2010: Secretary-General of the Democratic Youth Association of Mongolia - 2010-2012: State Secretary at the Ministry of Social Welfare and Labour - 2012-2015: Chair of the Board at "MIG" Insurance LLC - 2015: Senior Adviser to the Secretary-General of MPP - 2016-present: Deputy Head of the Government Office. Other members include: - Avsain Munkhbat: Director of the Monitoring, Evaluation, and Internal Audit Department at the Ministry of Roads and Transport Development - Lhagvabayaryn Enkh-Amgalan: Director of the Macroeconomic Policy Department at the Ministry of Economic Development - Bavuu's Purevsuren: Manager of Financial Planning and Asset Management Department at "Erdenes Mongol" LLC - Melschogiin Mendbayar: Head of the Mining Policy Department at the Ministry of Mining and Heavy Industry This board meeting is expected to make decisions regarding the further distribution of dividends from "Erdenes Tavantolgoi."

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L. Oyun-Erdene: Mongolia Aims to Increase Coal Sales to 100 Million Tons

Published: 2025-02-18 | Translated from: itoim.mn

Mongolia aims to increase the amount of coal it exports to China by almost a fifth this year, as the resource-rich country seeks to expand energy cooperation with its neighbors. As part of this effort, the governments of Mongolia and China signed an agreement to connect the cross-border railway at the Gashuunsukhait-Gantsmod port. The construction of the railway is planned to begin in April 2025 and is expected to be completed in two and a half years. The new railway will increase Mongolia's coal export capacity and play a significant role in deepening economic cooperation with China, its largest trading partner. This agreement is also a manifestation of Mongolia's efforts to improve its infrastructure and strengthen economic ties with neighboring countries. Global media outlets view the railway connection project as a critical step in boosting Mongolia's economy and expanding economic cooperation with China. Mongolian Prime Minister L. Oyun-Erdene stated in an interview that the export of coal for steel and energy production is expected to reach 100 million tons this year. As a result of the cross-border railway connection agreement signed between Mongolia and China, transportation capacity for exports will increase by 30 million tons. This connection is one of several railway links that L. Oyun-Erdene aims to establish, which will enable Mongolia to export 165 million tons of coal annually. This figure nearly doubles the 84 million tons exported last year. He also expressed interest in cooperating with China and other countries in the fields of green energy production, hydrogen production, and natural gas transmission. "Mongolia has vast land for energy production," Oyun-Erdene highlighted, adding, "We have the potential to sell our energy to China and other major Asian nations." Meanwhile, the Mongolian government is planning to engage in trilateral negotiations with China and Russia regarding the "Power of Siberia 2" gas pipeline project, which has stalled due to disagreements over natural gas pricing. If the negotiations are successful, Mongolia is ready to advance the project, according to the Prime Minister. During his meeting with Chinese Premier Li Qiang, he proposed holding a trilateral meeting in Ulaanbaatar, following his discussions on the matter with Russian President Vladimir Putin. "Once a purchase agreement is reached between the state-owned companies of Russia and China, the Mongolian government is ready to sign and advance the project," he announced. Additionally, Mongolia is interested in utilizing its coal reserves to produce hydrogen, which could serve as a future fuel for industries such as steel manufacturing. Oyun-Erdene mentioned that Mongolia is in talks with Middle Eastern countries about hydrogen export. Source: Bloomberg, Reuters

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"Invescore" Group Becomes the First Mongolian Financial Institution to Be Listed on the London Stock Exchange

Published: 2025-02-18 | Translated from: unuudur.mn

The "Invescore" financial group officially announced that it has been listed on the London Stock Exchange (LSE). Previously, only mining companies from Mongolia have been listed on this prestigious international stock exchange, recognized for its longstanding history and reputation in the global securities market. "Invescore" is the first financial institution from Mongolia to achieve this milestone. The London Stock Exchange evaluates companies' governance, management systems, financial stability, risk levels, and legal compliance before listing them. Furthermore, it requires foreign enterprises to obtain approval from the British Financial Conduct Authority. By meeting these stringent criteria, "Invescore" has opened up opportunities to attract international investors, secure significant financing, and expand its operations. Economists emphasize that due to the high standards and strict regulations of the London Stock Exchange, the transparency and financial discipline of listed companies improve significantly, enhancing their international reputation. Notably, "Invescore" was established in 2016 and is currently exporting financial and technological products from Mongolia to the international market through 14 companies across eight countries.

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Although the coal price was projected to be $105 in this year's budget, it is expected to fall to $80

Published: 2025-02-18 | Translated from: gogo.mn

Acting CEO of the Stock Exchange, B.Dulguun, informed economic journalists about the current state of coal trading. On the resolution of the Board of Directors of "Mongolian Stock Exchange" JSC dated the 16th of last month, B.Dulguun was appointed as the acting CEO. He presented issues and solutions that have arisen on the Mining Exchange. THE PRICE OF COAL SOLD THROUGH THE EXCHANGE HAS DECREASED BY 35% COMPARED TO LAST YEAR - Currently, copper, coal, and iron are traded on the mining exchange. The advantage of exchange trading is that it is now transparent to whom it is sold and for how much. Previously, only the directors of "ETT" JSC made coal sale agreements and set prices. It has happened that they made contracts at prices lower than market rates. Since trading through the exchange began, state-owned companies have gained an additional income of 1.3 trillion MNT in total. It is called additional income because the difference in price when sold for a higher price than the initial bid on the exchange becomes additional income. There is misinformation that brokerage companies are not allowed into the trade. There are 13 brokerage companies registered on the mining exchange. All are connected and ready to participate in trading. Currently, two companies are actively participating in the trade. They are meeting with Chinese companies, saying they will mediate trading through our exchange. Other brokerage companies are inactive. There are 456 contracted buyers. Out of these, 150 are participating in trading, but only about 10 companies are active. These ten companies make up 80% of the total purchases. On the selling side, there are 5-6 active companies. There are 14 coal, one copper, four iron, and three fluorspar companies respectively. The statement that brokerage companies are not allowed into the trade is incorrect. There are 13 brokerage companies registered on the mining exchange. Coal Trading - "ETT" JSC accounts for 67% of the total trading. Since the opening of the exchange, "ETT" has sold a total of 25 million tons of coal over the last year and a half. Next are "Energy Resources", "Tavantolgoi" JSC, and "Khangaard Exploration" (this company is related to "Energy Resources"). Other companies have a very small share in coal trading. Iron Trading – Darkhan Metallurgical Plant sold 1.4 million tons of iron this year. Fluorspar Trading – Although the volume is very small, trading is happening. Copper Trading – Last year, two trades took place. Offers from “Erdenet” factory do not come for trading. The Mining Exchange issues accreditations to logistics and transport companies. If we do not improve our accreditation procedures, malfunctions are starting. Our main goal for this year is to stimulate trading. In the second half of 2024, trading activity weakened threefold. Many factors influenced this. In late 2023 and the months of April to May 2024, coal trading was active. During this time, the price of coal also increased. There was an expectation that the price would remain high, so in April 2024, 4 million tons of coal were sold in just one month. Companies buying coal from our country sold 50% of the total coal to Inner Mongolia, 24% to Hebei, and 16% to Shanxi provinces. Buyers also decreased orders as the coal price fell. Compared to the first quarter of 2024, the coal price has dropped by 35%. The average price of coal is now $100. Parties that bought coal for $160 are not placing new orders because they have reserves of three million tons beyond the border and 4.6 million tons within the border. In the second half of 2024, trading activity weakened threefold. Many factors influenced this. Coal does not appear as a loss on company balance sheets as long as it is in storage. Upon release, a loss of $60 per ton ($160-$100) is incurred. Therefore, they are waiting to sell when prices rise again. The final consumers who bought coal from the exchange are few, accounting for less than 10% of all companies. 50% of the reduction in coal trading is due to the price fall. What else influenced it? When participating in trading, companies first pay a 10% deposit to the exchange. The company pays the entire payment upfront. 90% of the payment is transferred to the seller. For ten months, to receive coal, companies must have paid the entire amount upfront. This system will change. Sellers face no risk, while buyers carry all the risks. There are risks such as price drops and delivery issues. If coal is undelivered, claims are filed, and contracts are extended. Or waiting is necessary. Moreover, issues have arisen when buyers delayed the receipt time, even after "ETT" was ready to supply coal following a contract made in July. The contract standards of other exchanges are more sophisticated than ours; hence they don't face delivery problems. If the seller doesn't deliver coal within the contract's specified time, the penalty amount is defined in the contract. It also defines what to do if the buyer doesn't take the coal. We need to include these in our contracts. So the change will be made from paying 100% upfront to receiving coal in full. Also, liability clauses will be added. Once added to contracts, companies that do not fulfill contract obligations will be removed from the exchange registration. International exchanges transfer the buyer's deposit to the aggrieved company to cover the harm they suffered. Our exchange takes no deposit from the buyer side. Two years ago, when the mining exchange law was passed, sellers united and lobbied to enforce these rules. As a result, if sellers delay delivery, there is no accountability. If they do not sell, no action is taken. It edges closer to the essence of an exchange if the selling company also deposits collateral. THE PLANS FOR COAL TRADING THIS YEAR Coal prices are expected to fall this year. The percentage of price decrease depends on the type of coal. The price, currently $100, is expected to fall to $80. However, prices won't fluctuate sharply and will be around 900 yuan. In other countries, trading continues even when prices drop. But here, trading activity dropped as soon as prices fell. Because buyers cannot announce prices below the sellers’ listed prices. Due to the “Millennium IT” system used for trading, asking for less than the listed price is not allowed. Hence, we are studying to improve our software by analyzing systems used by major foreign exchanges. Currently, only the supplier sets the price. The buying side sees a $100 announced price and cannot make an offer for $90. Both sides cannot negotiate prices effectively. The buying side can only offer a higher price, like $105, if the announced price is $100. The exchange does not participate in this price-setting process at all, which needs to change from the current "take it or leave it" system. If the buyer cannot actually state the desired price, negotiations do not happen. Without negotiations, the mining exchange is deemed unnecessary. The issue lies in the price-setting process. We are investigating foreign systems for development so that the Stock Exchange and the Central Securities Depository can be connected under one system, enabling faster payments. INITIATING SECONDARY TRADING We are opening up secondary trading, allowing coal purchased on our exchange to be sold to another company. This task was assigned to us by the Ministry of Economy and Development. We've prepared the system to start secondary trading. This trading is not related to the selling side. For instance, if a buyer paid for 500,000 tons of coal but received only half, this allows them to sell the remaining 250,000 tons to another company. Once we integrate our system with customs, we will begin this trading. Since 2023, the General Department of Customs has refused to connect the system, citing the confidentiality of company information. Since late 2023, many official letters have been sent from the Stock Exchange to customs to find out how many orders have been fulfilled, i.e., how much coal, iron, or fluorspar has been exported, but failed. The Financial Regulatory Commission says that "You should monitor the trade." When we attempt to monitor, customs won't share what they call confidential information, causing a two-year delay. The plan is to start secondary trading by September 1. When we contacted all companies that participated in trading, 15% said they'd participate in secondary trading, leading us to pursue this opportunity. A company that bought coal for $160 might not sell for $100 but might consider selling for $150. India's stock market has rapidly grown in recent years. Indian companies are interested in obtaining mining products and participating in our trading. We have agreed to explore ways for Indian companies to participate in the secondary market. In 2024, "ETT" extracted a total of 33 million tons of coal and sold 15 million tons through the Mining Exchange. The remaining 18 million tons were delivered under contracts to companies like "Bodi International", China's "Norinco", CHALCO, etc. While some contracts will end this year, ETT will also start delivering coal to "China Energy", a Chinese state-owned company. This year, the company plans to sell only 10-15 million tons of coal through the exchange. When planning the state budget, the Ministry of Finance projected that the price of coal would be $105 per ton for this year, with a total of 83 million tons set for export. However, economists at the stock exchange estimate that the price per ton of coal will fall to $80. This creates a $20 per ton difference, negatively impacting the state's budget revenue, as well as the local AMNAT revenue.

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Member of Parliament M. Gankhuleg: Discussing Tax Support for Young Entrepreneurs

Published: 2025-02-18 | Translated from: itoim.mn

A working group is working on amendments to the law on supporting youth development. Specifically, they are studying tax support for businesses operated by young people up to the age of 35, as well as resolving housing issues for young families. This was reported by Member of Parliament M. Gankhuleg. Member of Parliament M. Gankhuleg said, "The working group on the law on supporting youth development has conducted research over half a year, organizing evaluations on the implementation of the law with 11 members. In connection with this, several meetings were held, and consultations were conducted with experts from international organizations. During the upcoming spring and autumn sessions, efforts are being made to improve the draft law and address several important issues for youth development. For instance, within the framework of housing reform, Japanese and American experiences are being studied to increase opportunities for young families to obtain housing. Efforts are also being made to include provisions to increase housing availability for young families in rural areas and soums. In addition, discussions are underway regarding providing tax and financial support to young people up to 35 years old who start new companies and conduct activities. As part of the revision of the law adopted in 2017, feedback from citizens will be collected, and after presenting the conclusions during the spring session, a new version is planned to be submitted in the autumn session," he said.

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Khaan Bank Grants First Concession Loan of the "White Gold" Program to "Darkhan Nekhii" LLC

Published: 2025-02-18 | Translated from: itoim.mn

As part of the "White Gold" national program, commercial banks have signed agreements to finance concessional revolving and investment loans to support the wool, cashmere, and leather processing industries. It was previously reported that Khaan Bank decided to issue the first loan of the "White Gold" program to "Darkhan Nekhii" LLC. Khaan Bank granted this loan to "Darkhan Nekhii" LLC, and the management of Khaan Bank and the implementers of the "White Gold" program visited the "Darkhan Nekhii" factory to review the loan's intended use plan. "Darkhan Nekhii" LLC, a corporate client of Khaan Bank, was founded in 1972 and is one of the oldest factories in the country, as well as a "trademark" company of Darkhan-Uul province. The group operates a total of 8 subsidiaries, with 4 in manufacturing and 4 in services, and supplies wool and cashmere products that meet international standards to domestic and international markets. They aim to become a supplier of various products using their factory's raw materials and resources. Under the "White Gold" program, "Darkhan Nekhii" LLC has taken out investment and working capital loans to implement three major projects. With the loans, they plan to purchase equipment for producing felt (technical), quilted liners, and pure leather shoes made from Mongolian animal hides, in order to produce market-demanded products and expand production operations. The implementation of these projects is expected to provide raw materials to shoe and workwear factories, enable them to produce their own footwear, supply certain sectors with shoes, replace imported products, and fully utilize animal-derived products, according to management. The equipment purchased with the loan for "Darkhan Nekhii" LLC is energy-efficient and environmentally friendly, meeting green loan criteria, aligning with Khaan Bank's sustainable development and green financing principles. The successful implementation of the "White Gold" program is expected to increase the production and export of competitive, internationally standardized products with origin and quality assurance, thereby increasing the value of animal-based raw materials. This, in turn, will improve the income and livelihoods of herders, advancing the agricultural and light manufacturing sectors to a new level. United growth for prosperity - Khaan Bank

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The Economic Development Council under the Prime Minister is meeting

Published: 2025-02-18 | Translated from: gogo.mn

The regular meeting of the Economic Development Council under the Prime Minister, also known as the "Economic Development Board," is currently taking place. In his opening remarks, Prime Minister L. Oyun-Erdene highlighted that in accordance with international standards, the council has been restructured to support the activities of investors and business owners, attract investment, and focus on promoting public-private partnerships and business development. The aim of the Economic Development Council is to direct 51% of its efforts outward to attract foreign investment while implementing the "Business Friendly Mongolia" strategy, which seeks to make Mongolia a favorable country for business. This strategy is intended to guide Mongolia into the rapidly changing international business environment.

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Prices of Essential Goods in Ulaanbaatar

Published: 2025-02-18 | Translated from: gogo.mn

According to the Capital City Statistics Department, the prices of essential goods in Ulaanbaatar city have increased by 2.5% compared to the previous month, while remaining unchanged from the previous week. Observations conducted in 13 food markets, shopping centers, and supermarkets predominantly frequented by citizens revealed that, compared to the previous week, the prices of 23 items (71.8%) remained stable, prices of 4 items (12.5%) increased, and prices of 5 items (15.7%) decreased. These include: Average prices of meat: The average price of bone-in mutton is 16,511 MNT per kilogram, and the average price of bone-in beef is 19,680 MNT per kilogram. Price of flour: The average price of one kilogram of packaged "Altan Taria" flour of the highest grade is 4,222 MNT, high grade is 3,176 MNT, first grade is 2,227 MNT, and second grade is 1,368 MNT. At the "Bars" trading center, the average price of one kilogram of packaged "Altan Taria" flour is 4,200 MNT for the highest grade, 3,000 MNT for the high grade, 2,100 MNT for the first grade, and 1,600 MNT for the second grade. Price of "Atar" bread: In food markets and stores, it is priced between 2,470 and 2,800 MNT. In the "Orgil Supermarket" trading center, "Atar" bread is sold at the lowest price of 2,470 MNT, while at the "Sarual" market, it is sold for 2,700 MNT. Price of vegetables: Compared to the previous week, Mongolian cabbage increased by 1.2% to 2,896 MNT, beetroots increased by 0.8% to 3,767 MNT, and Mongolian carrots decreased by 1.1% to 2,567 MNT. However, the prices of Mongolian onions and potatoes remained stable. Source: Capital City Statistics Department

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Local Investments to Be Prioritized Based on Citizen Input

Published: 2025-02-18 | Translated from: montsame.mn

The Speaker of Parliament D. Amarbayasgalan, along with Members of Parliament E. Bolormaa and M. Mandkhai, visited Songino and Tudevtei soums in Zavkhan province to introduce laws adopted by the Autumn Session and to listen to the pressing issues faced by local citizens. Highlighting the goal to strengthen representative democracy, the Speaker noted that the newly established 126-member parliament has initiated reforms to adjust the legal framework to the 21st-century ideology, focusing on a people-centered approach. The Speaker emphasized that the top priority for this parliament will be to pass laws capable of comprehensively regulating new societal relations while ensuring and protecting civil liberties. Additionally, he outlined the comprehensive policy for the development of the western region, which will focus on road networks, energy investments, and significant provincial industrial activities. The "New Cooperative" movement is establishing multifaceted opportunities to cater to regional needs based on geographical location, traditional economy, and key household production. In certain remote soums, citizens indicated a lack of awareness about the Cooperative Law and the "New Cooperative" movement's loan offerings and repayments, which has hindered their ability to capitalize on opportunities to bring animal-derived products into economic circulation. Residents of Songino soum expressed ongoing opposition to the licensing of exploration around the sacred Songino Mountain, which the Sartul people revere. They requested, via official letter, the Speaker's assistance in revoking the licenses to protect this historical site, which is home to over 20 families and protected wildlife. Local citizens agreed that soum development should be driven by agriculture and animal husbandry rather than mining. They urged support for forage production and measures to reduce pasture degradation. Commonly raised issues related to banking reform were also presented by Songino soum residents, who reported that commercial bank loan interest rates are excessively high and do not align with borrowers' interests, and noted a lack of information on capital markets and stocks in rural areas. The plan for a dormitory for 100 children in the soum center's school has been approved, and funds are awaited, while resolving the sewage treatment infrastructure remains a pressing issue. Tudevtei citizens expressed their eagerness to diversify agricultural production ahead of their 100th anniversary next year and to actively participate in the "New Cooperative" movement by re-establishing an irrigation system to grow their own feed. Citizens from both Songino and Tudevtei commented on the need for a repeater station due to poor mobile phone network coverage. They also posed questions and shared suggestions with MPs regarding laws and policies aimed at herders, such as the Law on Elderly Citizens and the Livestock Indexed Insurance Law, according to the Parliamentary Press Office's report.

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Khan Bank JSC to Distribute Dividends from 2024 Net Profit

Published: 2025-02-18 | Translated from: montsame.mn

"Khan Bank" JSC decided to distribute dividends to all its shareholders from the net profit of 2024, based on the resolution No. 04 of the Board of Directors. They have decided to allocate 58.5% of last year's net profit by the end of the year, amounting to a total of 373,547,879,300 MNT, as dividends. As a result, a dividend of 195.35 MNT per share (one hundred ninety-five tugriks and thirty-five cents) will be distributed. The dividends will be deposited into the shareholders' accounts through the Securities Central Depository LLC.

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Buy a Car with No Down Payment and No Loan Fees at the "Yarmag" Auto Expo

Published: 2025-02-18 | Translated from: ikon.mn

Affordable, gift-laden, and promotional, the “Yarmag” auto expo offers all automobile-related services in one place from February 17, 2025, for 10 days at Mongolia’s largest auto showroom, “Horse Motors.” During this time, you can resolve your loan on-site within 15-30 minutes and buy a car with NO DOWN PAYMENT and NO LOAN FEES, available if you've paid social insurance for three months. Additionally, there is a 5% discount on Xpel film covers. If you purchase a car, you will become eligible for wonderful gifts such as an iPhone 16, brand new 4 tires, a vehicle registration number, and much more. The “Yarmag” auto expo will be held from February 17 to 27, during which you can purchase all types of warranted vehicles from official dealership companies. The organizers of the expo invite car enthusiasts to visit without traffic stress on "Traffic-Free Saturday" on February 22, staying open until midnight that day. Location of the “Yarmag” Auto Expo: Horse Motors located at the 3rd bus stop of Yarmag. Notice: Media organizations (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when fully or partially using our information.

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J. Battsandan: "The Owner Knows Their Property, the Dam Holds Its Water." The Owner of the Underground Resources is the Mongolian State

Published: 2025-02-18 | Translated from: itoim.mn

During the government meeting, J. Battsandan was appointed as a Plenipotentiary Representative of the Government to negotiate with legal entities holding special permits for strategically important mineral deposits. Shortly after being appointed to this new position, we had a brief conversation with him. - You have been appointed as a Plenipotentiary Representative of the Government. What exactly are the duties of this position? - According to the amendments made to the Constitution in 2019, it is stipulated that the majority of the wealth beneath the land should belong to the people of Mongolia and be distributed equitably and fairly through the Wealth Fund. Furthermore, the law on the National Wealth Fund was passed in April last year. This law has established the Accumulation Fund, the Future Heritage Fund, and the Development Fund for the Mongolian people. The sources of funding for these funds are clearly outlined in the law. Specifically, according to the law on the National Wealth Fund, the revenues will be derived from royalties of mineral deposits and up to 50% of strategic deposits. The government will own 34% if the deposit was discovered through private investment or up to 50% if it was discovered with state funds. Dividends from the 34% or 50% share will flow into the Wealth Fund. Currently, Mongolia has 16 strategic deposits. There are over 50 deposits expected to be designated as strategic in the future. The Government and the Ministry of Mining have identified these deposits and will give their decisions to the Government’s Plenipotentiary Representative. In other words, the Representative has been given the right to negotiate with entities that own these strategic deposits. I am now setting up an office at "Erdenes Mongol" and starting work. Large task forces are being established under the Government. These task forces will conduct detailed research and collaborate with professional organizations, researchers, and consulting services. - Of the 16 strategic deposits, only 9 are state-owned, and the rest are owned by private enterprises. Are negotiations underway to acquire 34% or 50% of these deposits for the state? Have you met with any companies yet? - Each business and deposit has its own specifics. For example, the Nariin Sukhait deposit is a large strategic deposit owned by 7 companies. Also, the Tavan Tolgoi deposit is owned by three or four companies. Therefore, the strategy and policy will be defined for each deposit based on its specifics and professional assessments. The negotiations will be conducted transparently and openly, respecting the interests of all parties. Soon, we will transparently inform about the organization, goals, objectives, and principles of the negotiations. I believe that there is almost no one opposed to the policy that the people of Mongolia should receive shares and dividends from the wealth beneath their land. - There are quite a few foreign citizens holding strategic deposits. Is it possible to acquire 34% or 50% of these from them? - We will implement the laws of Mongolia. A large team of analysts has been assembled to implement these laws. Economic and financial analysts are included in this team to define solutions and outcomes. Every deposit has its own specifics. An economic model suitable for each will be developed. - According to the National Wealth Fund law, if businesses cannot reach an agreement with the state within a year of the law's implementation, the Government can appoint a Plenipotentiary Representative from company management. Does this not seem like nationalizing the private sector and their investments? - There may be different interpretations, but countries around the world create Wealth Funds and accumulate wealth for their people. Everyone is getting their own account. For example, in Norway, one citizen has accumulated USD 350,000 or about MNT 1 billion. Mongolia should also have an Accumulation Fund. I believe there is almost no opposition to the policy that the people of Mongolia should receive shares and dividends from the wealth beneath their land. There are several companies holding strategic deposits. These individuals hold mineral licenses and special permits. However, the law clearly states that the owner of the underground resources is the Mongolian state. The Parliament has been given the right to implement ownership rights for strategically important deposits. Therefore, the owner is exercising ownership rights. We will soon meet with the enterprises holding the licenses to implement the Constitution and the National Wealth Fund law. Those holding licenses are mistakenly assuming they are the owners. The ultimate owner of the underground resources is the people of Mongolia. - Businesses have made significant investments so far. How will these investments be evaluated? Will 34% or 50% just be taken? - A financial audit and a team of experts will be brought to each deposit. State institutions and the Ministry of Finance will conduct evaluations. It cannot be decided by just one company's director's word. There is a saying: "The owner knows their property, the dam holds its water." The owner of the underground resources is the Mongolian state. - Thank you for the interview.

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Published: 2025-02-18 | Translated from: montsame.mn

"Golomt Bank" JSC has decided to distribute a dividend of 100 (one hundred) MNT per share from the profits of last year's operations. The dividend will be distributed in April of this year through the "Central Securities Depository" LLC into the accounts of the shareholders. Last year, the company distributed a dividend of 90 MNT per share from the net profit to its shareholders.

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Mortgage Loans Reach 9.4 Trillion Tugriks in 2024

Published: 2025-02-18 | Translated from: montsame.mn

Tugrik savings reached 21.7 trillion tugriks by the end of January 2025, which is an increase of 4.6 trillion tugriks compared to the same period in 2023. Regarding the tugrik savings: 18.9 trillion tugriks belong to citizens, while 2.8 trillion tugriks belong to enterprises and organizations. As of the end of January 2025, the total loan debt to enterprises, organizations, and citizens was 37.4 trillion tugriks. This represents an increase of 9.7 trillion tugriks compared to the same period in 2023. Out of the total loan debt, 60.7% is held by citizens, 36.6% by private organizations, 1.4% by government organizations, and 1.3% by financial institutions and others. The remaining balance of regular loans reached 34.1 trillion tugriks, which is also an increase of 9.7 trillion tugriks from the same period in 2023. The balance of regular loans constitutes 91.3% of the total loan balance. Loans within the planned time frame and their interest are considered regular loans. Loans are categorized beyond the regular classification into two types. If examined by each type: - Attention-worthy loan debt reached trillion tugriks, which is an increase of 89 billion tugriks from the same period in 2023. This type of loan constitutes 3.5% of the total loan balance. - Non-performing loan debt reached 1.9 trillion tugriks. This is a decrease of 114.2 billion tugriks compared to the same period in 2023. This type of loan constitutes 5.2% of the total loan balance. The decrease in non-performing loan balance is a positive indicator. The mortgage loan balance provided by the Mongolian Mortgage Corporation and commercial banks to citizens reached 9.4 trillion tugriks at the end of December 2024. This is an increase of 1.8 trillion tugriks compared to 2023. Of this type of loan balance, normal loans constitute 97.9% (9.2 trillion tugriks), attention-worthy loans constitute 1.2% (117.0 billion tugriks), and non-performing loans constitute 0.9% (81.2 billion tugriks), according to the National Statistics Office. The monthly average exchange rate of the tugrik to the US dollar, announced by the Bank of Mongolia, was 3431.77 tugriks. This is a depreciation of 24.4 tugriks compared to the same period in 2023. Meanwhile, the monthly average exchange rate of the tugrik to the euro was 3552.12 tugriks, an appreciation of 164.7 tugriks compared to the same period in 2023. Additionally, the monthly average exchange rate of the tugrik to the ruble was 33.63 tugriks, which is an appreciation of 4.5 tugriks compared to the same period in 2023. Consequently, the monthly average exchange rate of the tugrik to the yuan was 470.02 tugriks, appreciating by 5.1 tugriks compared to the same period in 2023.

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Chain Stores Are Taking Over Jobs of Grocery and Kiosk Operators

Published: 2025-02-18 | Translated from: gogo.mn

The "Association of Kiosk Livelihoods" NGO reported that state officers attended a five-day trip to South Korea during workdays, sponsored by CU company. N. Punsaldulam, a member of the "Association of Kiosk Livelihoods," stated, "Officials from the Capital City Professional Inspection Department and district food, trade, and service department heads traveled to South Korea on CU's invitation and budget, wasting public funds. We documented their departure and arrival. When questioned at the airport about who funded their trip, they claimed it was self-funded. But is it right for a state officer to abandon their duties and self-fund a trip to Korea? We will report them to the Anti-Corruption Agency. CU and GS25 are positioned in every lucrative location, while street vendors' livelihoods worsen daily. These people are silenced by bribes from foreign organizations, making them helpless. They return from so-called training sessions in Korea laden with baggage, which we view as bribery. Small grocery stores and kiosk operators are going bankrupt from the start. International chain stores are destroying our jobs," she said. A representative of the "Association of Kiosk Livelihoods" NGO stated they plan to meet with the city mayor H. Nyamaa in person, as they've only met with deputy mayors. "We've been begging for the approval of kiosk operation standards for years, but no one resolves it. They work only for wealthy companies. Stop talking about global standards and come back to reality. Insist on two kiosks at every bus stop. Currently, only bright shelters have been set up, where alcoholics sleep, overwhelmed by trash," they said. When asked about this, the head of marketing for CU Mongolia clarified, "In January 2025, the Mongolian Retail Association sent an official letter to our company. The letter requested support for organizing a training to study retail operation experiences for its members. As per the request, we responded to collaborate. This was an official training session. We do not have a director named N. Nyambayar; we have a legal officer. I am unaware of who participated in or how they attended the training. We collaborated based on the formal letter from the association, and our company did not issue invitations or cover expenses."

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Diplomacy

Published: 2025-02-18 | Translated from: isee.mn

A ship flying the Mongolian state flag has been detained in Georgian waters for violating navigation rules, and an investigation has been initiated against the captain. Mongolia, although a landlocked country, has 233 ships registered under its state flag, granting them the right to enter any port worldwide. Mongolians lease out their state flag to landlocked foreign countries, and in doing so, the flag’s owner country is responsible for monitoring and inspecting registered ships to ensure compliance with international and domestic laws and regulations, ensuring the safety of equipment and machinery, verifying compliance with environmental protection requirements, and preventing pollution. The Ministry of Economy and Sustainable Development of Georgia's Coast Guard officers have detained a Mongolian-flagged dry cargo vessel "HASCAL" in Georgian waters for violating navigation rules. The officials from the Border Police's operational and investigation departments have initiated a case against the ship's captain, an Azerbaijani national, fining him 10,000 British pounds, equivalent to 3,500 USD, according to "Agenda news." Once the fine has been fully paid, the vessel will be allowed to continue its journey. It is also mentioned that the responsibility for monitoring and inspection in such cases lies with Mongolia, and the nature of accountability or consequences is not yet clear. Interestingly, over the past 20 years, Mongolia has registered over 4,000 ships to use its flag. Ships registered with Mongolia mainly operate in the Asia-Pacific region, with a registration fee of 2,300 USD per year for ships with a capacity of less than 500 tons. The Maritime Administration earns over three billion MNT annually through this process, contributing over 250 million MNT to the state budget each year. According to international law, a ship without any state flag cannot operate on the high seas.

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The Road to Artsuur Border Crossing to Bolster Western Region's Economic Relations

Published: 2025-02-18 | Translated from: montsame.mn

The Speaker of the State Great Khural (Parliament) D. Amarbaysgalan, together with members E. Bolormaa and M. Mandkhai, visited Nomrog and Tosontsengel soums in Zavkhan aimag. During the break between the autumn session, the Speaker, along with other members, introduced the legal reforms being implemented by the parliament and highlighted key projects included in the comprehensive development plan for the western region to the citizens and the public. They worked in a total of 35 soums in the aimags of Govi-Altai, Khovd, Uvs, and Zavkhan, focusing on local issues, the implementation of laws and regulations, while prioritizing budget investments for the coming years based on the opinions of the citizens. The 126-member parliament, consisting of representatives from all sectors of society, has included in its strategy and plans a policy to create a comprehensive legal environment that ensures human rights, suits the demands of the time, and has complete regulations. To eliminate human rights violations caused by outdated laws, gaps, and regulations beyond the scope of the law that currently govern social relations, more than 80 working groups formed by the Speaker's decree are working. During a visit to Nomrog soum, the Speaker introduced the implementation of connecting the western aimags, soums, and border points entirely by road, bringing the centralized market for trade and production closer to the region's inhabitants. As part of this plan, construction of the paved road from the Nomrog-Songino direction to the Artsuur border crossing will begin this year with national budget funding. It was emphasized that this road, passing through several soums in Zavkhan aimag, would help diversify production based on key sectors of the region's economy, increase trade turnover, and open a significant gateway for enhancing the economic relations of the western aimags. Further discussions with residents of the soum addressed challenges in education, health, and infrastructure. Issues raised by the soum residents included the kindergarten in Nomrog soum, which hasn't been housed in a dedicated building since its establishment in 1927, and the general education school lacking sanitation facilities, with furniture not meeting the required standards. In addition to these, agreements were reached to prioritize issues such as establishing relay stations in settlements and renovating the building of the health center with the relevant authorities. Moreover, the capacity of delegates from the administrative units closest to citizens, such as bag and soum leaders, was discussed within the framework of election and civil service laws. Zavkhan aimag's Tosontsengel soum, with a population of over 11,000, operates two general education schools, one vocational school, and four kindergartens. During the Speaker's meeting with citizens and herders, numerous challenges were highlighted, including school heating, classroom capacity, and the availability of educational materials. Proposals were made to establish an industrial and manufacturing park complex based on the 22 MW thermal power station in the soum center to develop conditions for residents to work and live locally. It was also noted that solving the next phase of the power grid infrastructure associated with this station could provide tangible support to household enterprises and small-medium enterprises. Participants at the meeting inquired about the implementation of the laws on the Elderly and the National Wealth Fund, sharing their opinions. It was noted by the Parliament's Press Office that the implementation of the "New Cooperative Movement" varies across the soums of Zavkhan aimag. Future cooperation with local authorities is planned to intensify agricultural production with diverse programs based on geographical location and regional characteristics.

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The Foreign Minister Will Visit the Sultanate of Oman

Published: 2025-02-18 | Translated from: unuudur.mn

The Minister of Foreign Affairs, B. Battsetseg, will visit the Sultanate of Oman from today until the 20th of this month. This visit is made at the invitation of Badr Bin Hamad Bin Hamood Al-Busaidi, the Minister of Foreign Affairs of that country. The Ministry of Foreign Affairs has highlighted that this visit is a reciprocal one, following the visit of the Omani Foreign Minister to Mongolia last year. This is also the first visit at the Foreign Minister level to the country in about 30 years. Minister B. Battsetseg plans to hold official talks with the Omani Foreign Minister and meet with the Minister of State for Foreign Affairs, Minister of Commerce, Industry, and Investment Promotion, and the leadership of the Omani Investment Authority. During these meetings and discussions, they will focus on maintaining the momentum of the increasingly active bilateral relations of recent years and expanding cooperation in areas such as trade, investment, economy, mining, energy, and tourism, as well as exchanging views on issues of mutual interest in international and regional matters. Diplomatic relations between Mongolia and the Sultanate of Oman were established on April 27, 1992.

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Member of Parliament J. Bat-Erdene Receives Czech Ambassador Jan Vytopil

Published: 2025-02-18 | Translated from: isee.mn

Member of Parliament and head of the Mongolia-Czech Parliamentary Group J. Bat-Erdene received the Ambassador of the Czech Republic to Mongolia, Jan Vytopil, today. At the beginning of the meeting, MP J. Bat-Erdene highlighted the decades-long historical friendly relations between the two nations and emphasized that this year marks the 75th anniversary of the establishment of diplomatic relations, which is being celebrated together. He noted that the Czech Republic is one of Mongolia's "third neighbors" and a trusted partner in Europe, and expressed his commitment to expanding and developing the relations and cooperation between the two countries, which share common values such as democracy, human rights, freedom, and the rule of law. Ambassador Jan Vytopil mentioned the deep and successful relationship between the two nations and presented information about cooperation in the fields of education, law enforcement, and environmental protection. He noted that, by the President of Mongolia's message, 29 students are currently studying in the Czech Republic, and they expect more than 20 students to enroll this year. The Ambassador expressed his support for the student exchange program. In addition, the Czech Republic is planning to implement projects such as the reintroduction of the Przewalski's horse to the Nomrog region of Dornod province and the protection of the Bactrian camel, as well as opening museums in the Czech Republic featuring exhibits of Genghis Khan and dinosaur fossils found in Mongolia. He requested special attention and support from the Parliament and its groups regarding these matters. MP J. Bat-Erdene stated that inter-parliamentary cooperation plays a vital role in the relations between the two countries. He expressed his support for strengthening the close relationship and cooperation between parliaments, governments, state institutions, and citizens, as reported by the Press Office of the State Great Khural.

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Infrastructure

Econotimes: Mongolia and China to Build New Cross-Border Railway to Boost Coal Transport

Published: 2025-02-18 | Translated from: itoim.mn

Mongolia and China have agreed to build a new cross-border railway, significantly increasing coal transport capacity. During Mongolian Prime Minister L. Oyun-Erdene's visit to Harbin, China, this agreement was announced as a major step in enhancing trade relations between the two countries. The Mongolian government expects that once the railway is operational, it will boost coal transport capacity by 30 million tons annually. Construction is set to begin in April 2025 and is expected to be completed in two and a half years. This project aims to meet the growing demand for coal exports from Mongolia to China, strengthen economic ties, and support regional trade growth. This initiative is part of Mongolia's strategy to diversify its exports and reduce transportation costs. China, Mongolia's largest trading partner, uses Mongolian coal in its steel production. The new railway is expected to streamline coal transportation, reduce transit times, and alleviate border congestion. Additionally, it is seen as a boost to job creation and economic development. This railway connection aligns with China's Belt and Road Initiative (BRI), aimed at increasing cooperation between the two neighbors and improving regional connectivity. The project not only strengthens bilateral relations but also contributes to the stability of the global coal supply chain. The cross-border railway, scheduled for construction in April 2025 and completion within 30 months, is poised to become a vital artery for coal exports, promote economic growth, and enhance the efficiency of regional trade.

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L. Oyun-Erdene: The Second Cross-Border Railway after the 1955 Agreement from Zamiin-Uud-Ereen will be Gashuunsukhait-Gantsmod

Published: 2025-02-18 | Translated from: isee.mn

The Prime Minister of Mongolia, L. Oyun-Erdene, met with the Premier of the State Council of the People’s Republic of China, Li Qiang, in Harbin. Following their meeting, an intergovernmental agreement was signed between the Governments of Mongolia and China to connect the cross-border railway at the Gashuunsukhait-Gantsmod port. The Prime Minister made the following statement. He stated, “Dear Mongolians, esteemed international investors, today the Government of Mongolia signed an agreement with the Government of China to connect the cross-border railway at the Gashuunsukhait-Gantsmod port, which ranks first among the 14 mega projects for Mongolia's development. I express my gratitude in the name of the Government to President Ukhnaagiin Khurelsukh, Speaker of Parliament Dashzegviin Amarbaysgalan, and the esteemed members of Parliament, the leadership of political parties with seats in Parliament, the Government's Working Group, and sector experts who provided political support, approved the main directions, and authorized the Government to sign. Further, I express my gratitude to the Government of China, Premier of the State Council Li Qiang, Foreign Minister Wang Yi, and the embassies of the two countries for accepting our proposal to conclude an international agreement between the governments without involving any third parties. This project has been under discussion since 2004, with over 60 discussions over the past 17 years since 2008, culminating in today's final decision after three recommendations from the National Security Council, six parliamentary resolutions, and 45 government resolutions. The Gashuunsukhait-Gantsmod cross-border railway is the second connecting railway after the Zamiin-Uud and Ereen railway constructed under the 1955 agreement between Mongolia and China. This is a historic event. With the launch of this railway, Mongolia's port capacity will double, coal exports will increase from an average of 83 million tons per year to 165 million, and coal sales revenue will increase by USD 1.5 billion annually. Simply put, this will bring in additional revenue equal to twice the amount collected from personal income taxes of the entire Mongolian population. As a result, the income of the National Wealth Fund's Accumulation Fund will increase, laying the groundwork for the long-awaited tax reform. This agreement establishes conditions for connecting the Shiveekhuren-Sekhee, Bichigt-Zuunkhataavch, and Khangi-Mandal ports by railway in stages between Mongolia and China. Also, with the signing of this agreement, research for a major mega project to export clean energy from Mongolia will commence. Once these railways are connected, export revenues will increase by another USD 1.5 billion, helping Mongolia achieve its long-standing goal of reaching a GDP per capita of USD 10,000. The agreement could have been reached as early as 2004 without involving any third parties. Had this been done 21 years ago, Mongolia could have gained at least USD 31.5 billion in revenue—at today's values—without the Tavantolgoi dispute and debate over track gauge, potentially resolving current infrastructure issues. The joint Government will prioritize the national interests of the country, advance mega projects hindered by private interests, and resolutely pursue rapid development and uphold the fundamental interests of the people. May Mongolia thrive under the eternal blue sky.

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Decision on vehicle restrictions by plate numbers to be made after survey results presented to government

Published: 2025-02-18 | Translated from: ikon.mn

Following the presentation of the survey results to the government, a decision will be made on whether to restrict vehicles based on even and odd license plate numbers in connection with the Lunar New Year celebration. The relevant departments will introduce the results of a public survey on restricting vehicles based on even and odd license plate numbers at the government meeting scheduled for tomorrow, Wednesday, as reported by the Public Relations Department of the Capital City Governor's Office. According to this department, 68% of citizens who participated in last week's survey supported restricting vehicles according to license plate numbers. However, citizens are expressing their doubts about the survey results on social media. Warning: Media outlets (TV, Radio, Social, and Web pages) must fully or partially attribute our information to the original source (ikon.mn) when using it in any form.

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S. Narantsogt Begins Inquiry Into Missing 800 Wagons and 10 Locomotives

Published: 2025-02-18 | Translated from: isee.mn

S. Narantsogt, the executive director of "Erdenes Mongol" group, expressed concern over B. Delgersaikhan's attempt to acquire the Tavantolgoi-Gashuunsukhait railway into the Ministry of Transport's possession. Narantsogt has started searching for the missing "800 wagons and 10 locomotives" through Delgersaikhan. Narantsogt met with economic journalists to share information. During this meeting, he stated, "Erdenes Tavantolgoi has already paid for 800 wagons and 10 locomotives. These have been acquired by the Ministry of Transport. I have no idea where or for what they are being used now. It is basic business practice for a company to know how its financed assets are being utilized and managed. But since this is not the case in our country, no one will invest again. Also, the railway built with financing from Erdenes Tavantolgoi JSC must be fully transferred to the 'Erdenes Mongol' group," he declared, raising concerns about the whereabouts of the equipment purchased with Erdenes Tavantolgoi JSC's money. To address this issue, one must consider Resolution 304, adopted by the government in July 2019. Specifically, during a cabinet meeting led by U. Khurelsukh, the construction of the 208.5 km Tavantolgoi-Gashuunsukhait railway was decided to resume on August 15, 2019, with the goal of completing it by 2021. In this context, Tavantolgoi Railway LLC was granted the license for the construction of the railway's infrastructure, with 66% of the company shares allocated to Erdenes Tavantolgoi JSC and the remaining 34% to Mongolian Railway SOE. In light of Erdenes Tavantolgoi JSC holding 66% of Tavantolgoi Railway LLC, the company completed the construction of the railway. However, Narantsogt's statement suggests that the 800 wagons and 10 locomotives, theoretically under their ownership, have disappeared. Upon seeking clarification from official sources, it was revealed, "The 800 wagons and 10 locomotives are being used by Mongolian Railway SOE and Ulaanbaatar Railway JVC. They have not disappeared." Nonetheless, other sources indicate that the government is about to make a decision clarifying the ownership of the Tavantolgoi-Gashuunsukhait railway and the accompanying wagons and locomotives. Rumors suggest that Minister of Transport B. Delgersaikhan has initiated efforts to transfer control of the railway and wagons to his ministry, which has angered Narantsogt. Consequently, Narantsogt has started voicing his concerns in the press over ownership issues. Subsequently, a governmental decision is expected soon to clarify the ownership and registration of the railway and related assets.

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Some City Administration Agencies Implement MNS ISO 9001:2016 Standard

Published: 2025-02-18 | Translated from: itoim.mn

Within the framework of the goals outlined in the operational direction of the Capital City Governor's Office, the MNS ISO 9001:2016 quality management system standard has been implemented in certain city administration agencies. Specifically, these include: - The Capital City Education Department - The Capital City Culture and Arts Department - The Capital City Physical Training and Sports Department - The Capital City Urban Development and Standards Department - The Capital City Business Innovation Department - The Capital City Air and Environmental Pollution Control Department, which have received certification from the internationally accredited "SFCS" LLC. By implementing this international standard, the agencies are carrying out customer-centered operations at all levels, which is crucial for enhancing the satisfaction of officials, partner organizations, and the public.

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Orkhon: A 12 km Flood Protection Dam to be Constructed in Erdenet

Published: 2025-02-18 | Translated from: montsame.mn

As part of the "Erdenet City Disaster Resilience" project, financed by the European Bank for Reconstruction and Development (EBRD), one of the initiatives is the construction of a flood protection dam. The project contractor is the Chinese company "Hunan Industrial Equipment Installation." A contract was signed between the Governor of Orkhon aimag B. Zorigbayar and Wang Zhenzhong, the company's representative in Mongolia. Orkhon aimag, particularly Erdenet city, belongs to a region with frequent precipitation. In spring, households face risks of melting snow floods, while in summer and autumn, there is a high risk of flash floods due to heavy rains. In the last decade, there have been 27 floods in the aimag, causing damages worth 8.4 billion MNT. Based on this, the aimag's administrations and relevant experts have paid special attention to conducting studies and attracting foreign project funds, such as the "Erdenet City Disaster Resilience" project financed by the EBRD. The project implementation began after signing the contract in June 2020. Governor B. Zorigbayar stated, "Since then, experts have worked continuously to develop Orkhon aimag and Erdenet city in alignment with development policies to create a friendly living environment. Despite the COVID-19 pandemic causing delays until the agreement on the selection of the contractor to build the flood protection dam," he emphasized. Initially, Erdenet city had about 8000 residents across 1600 households, but now it has grown to over 106,000 permanent residents in more than 30,000 households. 51% of these, or 15,500 households, live in ger districts. Therefore, this project is of great importance for our aimag and region to prevent flood disasters and ensure a safe environment for citizens. Wang Zhenzhong, the representative of "Hunan Industrial Equipment Installation" in Mongolia, expressed commitment to complete the project efficiently within two years and to provide temporary employment and support for local production and services during the project's execution. "Hunan Industrial Equipment Installation Company," listed among the world's top 500 companies, won the tender for the "Flood Dam Construction" project following EBRD’s international tender evaluation procedures. The total budget of the "Erdenet City Disaster Resilience" project is USD 14,000, with USD 10,300 allocated for the construction of the flood protection dam. The project involves preparing construction drawings, installation work for flood prevention facilities, and constructing three rainwater retention ponds in the upper residential area and one pond in the Orkhon river valley. It also involves creating a total of eight canals, or 12 kilometers of drainage. According to Wang Zhenzhong, the detailed designs for the project will be prepared within 90 days or three months, after which the construction work will commence.

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Society

Citizens Need to Be Informed to Support Mining Until Final Products are Produced

Published: 2025-02-18 | Translated from: ikon.mn

Today, the American Chamber of Commerce in Mongolia organized a discussion on "Critical Minerals and Important Decisions Affecting Mongolia's Transition." The aim is to extend the lifespan of the Khulzan Buregtei deposit and sustainably increase taxes to the state and job creation. During the event, Mr. A. Tsogmon, Executive Director of the "Mongolian National Rare Element Company" LLC, mentioned, "The first phase of drilling for the Khulzan Buregtei project was completed in 2023. By 2024, a preliminary feasibility study has been prepared. The next phase requires continued drilling and detailed studies. Our aim is to extend the deposit's life, increase taxes to the state, and sustainably grow job creation over the long term. "In this time of energy transition, the prices of rare earth elements remain relatively stable and growing, though it is a risky market. Thus, we are engaged in a global race to position the Khulzan Buregtei deposit correctly on this risky market at the right time. "The Khulzan Buregtei deposit accounts for nearly 40% of our country's total geological resources and is the only registered heavy rare earth element deposit. Therefore, we bear the burden of diversifying and enriching Mongolia's mineral resources as an opportunity for ourselves. "Understanding with local residents remains difficult," he continued, highlighting the issue of informing citizens, stating, "The challenge we face is understanding with the locals, which remains difficult. We have held many meetings with citizens, but there is a misconception linking 'poison and danger' with rare earth elements. "We are working on how to resolve this issue. We have many requests from the government. We bear the responsibility of increasing citizens' education with private funds and regularly inform local residents about ensuring public health and safety to reduce risk. "At the same time, we need to work jointly with the government on policy work, undertake baseline radiation studies, and inform about it, and cooperate in explaining the information we've shared with local residents over three years. If Mongolia is to export rare earth elements, it is essential to collaborate on this work," he concluded. Warning: Media organizations (TV, radio, social media, and websites) must cite the source (ikon.mn) when using our information in any form, whether in whole or in part.

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Attempt to Exchange Counterfeit 100 Dollar Bill

Published: 2025-02-18 | Translated from: gogo.mn

A report about counterfeit 100 dollar bills being discovered at a branch of a bank in Bayangol district was registered with the police. Specifically, a citizen attempted to exchange one counterfeit 100 dollar bill at the bank branch, and the police are continuing their investigation. Due to the Lunar New Year, the demand for new banknotes increases. Therefore, the public is advised to prevent such crimes by carefully checking the raised numbers, letters, special security paper, and security features when receiving banknotes and immediately reporting to the police if there is a possibility of counterfeit bills. Source: Central Police Department

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97% of Citizens Prefer to Exchange Land for Cash

Published: 2025-02-18 | Translated from: news.mn

An interview was conducted with Mr. M. Govisaihan, Director of the Corporation for Housing of the Capital City (CHCC). -The CHCC has planned many projects such as transforming ger areas into apartment complexes and developing sub-centers. How is this progressing? -The CHCC is implementing a project to transform ger areas into apartment complexes in order to develop sub-centers in Ulaanbaatar. So far, activities are underway at two sub-centers where the infrastructure has been fully completed. At the Selbe sub-center, preparations for 10,000 apartment units and 2,206 plots covering 158 hectares are being carried out. Planning and feasibility studies for the area have commenced. Currently, land acquisition for 1,670 households at the Selbe sub-center has been completed, with project planning fully addressed. A tender to select a construction company was ready to be announced this spring. Construction will start with the beginning of the construction season. Next, the projects for the Bayankhoshuu and Shargia sub-centers have begun, with the Shargia sub-center's green apartment project for 220 households reaching 75% completion. This spring will see an increase to 800 apartments, expanding the project further. Additionally, preparations for the Bayankhoshuu sub-center's 6,000-apartment project will continue incrementally. Another project we are implementing involves 3,000 apartments in Khaniin Materials. In the past, citizens suffered losses from a company known as "Jidi" during previous development attempts, but the CHCC has compensated them entirely. Land was acquired to continue the housing program in cooperation with the capital city's land department, which involves extending land acquisition for 9.5 hectares with a tender announced for the design of 1,800 apartments. Once the designs are complete, a contractor selection will take place, with the aim to begin work in June under a public-private partnership. Additionally, the CHCC has been confirmed to implement projects at two locations in the Yarmag ger redevelopment plan where previous developers caused harm. Preparations for the 1,860 affordable green housing apartments at Bayangol are completed for the next phase. -Many citizens have suffered from land acquisition issues. How is this being addressed in current projects? -This year, the capital has allocated over 300 billion MNT for land acquisition. Last year's land acquisition efforts will continue. In December 2023, a law was passed concerning reducing Ulaanbaatar traffic congestion and transforming ger areas into apartment complexes. This law includes regulations addressing land acquisition issues, such as allowing areas to be acquired based on urgent public needs within sub-centers, offering three options for citizens: cash compensation for land, land exchanged for housing, or compensated through rental payments until housing is built. At the Selbe sub-center, 97% of residents preferred a cash resolution. Citizens' trust was initially lacking, so cash offers were the primary agreement method. Cash-based land acquisition allows immediate housing purchase opportunities, but policies aim to provide housing to prevent risks of cash misuse and eventual homelessness. Land values and housing prices rarely match precisely, necessitating financial adjustments between citizens and the capital's policies. -How do you solve investment issues for sub-center projects? -Previously, ger redevelopment projects faced delays due to several reasons. Private developers often encountered financing difficulties, stalling projects, and development companies sometimes transferred or altered projects due to financial issues. There were also delays in financing promised infrastructure by the city, harming citizens. These led to long-lasting legal processes involving citizens. CHCC inevitably stepped in to support affected citizens with housing. To prevent escalation, our new approaches include launching procurement for lands with infrastructure already existing, and addressing capital-related barriers by taking a government-backed land acquisition approach. Construction companies can now initiate building on sites once prepared by the capital at their own expense. Some projects have launched bond raising activities internationally and within the country to fund future acquisition and housing projects, such as raising $500 million USD for the Selbe sub-center's 10,000-apartment project. This is just the start to finance subsequent sub-center projects. -Ulaanbaatar Housing Development LLC, a new entity with similar responsibilities to CHCC, was recently established. What is its main function? -In Ulaanbaatar, housing and urbanization continue to accelerate. 2025 has been designated as a year of significant infrastructure investment by the government. Ulaanbaatar aims to rapidly enhance its infrastructures, especially focusing on sub-center-oriented urbanization projects. Additionally, the city aims to address historical issues, compensating losses to citizens by directly implementing projects and initiating new housing developments where previously disused buildings existed. As a result, two new housing companies have been established: "Selbe 20 minute city" LLC, overseeing 10,000-apartment projects in the Selbe and Dambadarjaa sub-centers over four to five years, and "Ulaanbaatar Housing Development" LLC, tasked with continuing and expanding ger area redevelopment and reconstructing apartments unfit for use. -Will CHCC continue its core projects? -CHCC will focus on continuing projects at two infrastructure-provided sub-centers: Bayankhoshuu and Shargia, as well as green apartment projects and planned developments for 800 apartments in Bayangol and 3,000 apartments in Khaniin Materials. Existing projects approved for redevelopment, unsuitable 15 apartments, and governmental housing initiatives for government employees will also continue under CHCC. Additionally, public-private partnerships for new community projects will proceed under CHCC. -What about the government employee housing and rental housing programs that CHCC manages? -Although current mortgage availability isn't entirely sufficient, citizens actively apply for mortgages, creating high demand. The government continues to seek increased mortgage funding. Rule amendments are also being considered. An analysis reveals significant numbers of mortgage-aspiring citizens are unable to cover down payments, particularly in target groups living in ger areas lacking financial means. It is noted that over 60% of mortgage holders have higher-than-average incomes, highlighting a requirement for government-driven mortgage assistance for middle to low-income citizens. New product solutions are in development. A past program accommodated over 1,500 government employees with zero down payment, 8% interest rate loans, drawing increasing interest. Investment opportunities for similar upcoming programs are under review.

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SELENGE: The number of people crossing the border has decreased

Published: 2025-02-18 | Translated from: montsame.mn

The number of passengers passing through the Altanbulag port and Sukhbaatar railway border station in Selenge province has decreased by 14.4% compared to the same period last year. As of January, a total of 51.5 thousand passengers entered through the Altanbulag and Sukhbaatar ports in Selenge aimag. This shows a decrease of 8.7 thousand people compared to the same period last year. Of the total number of passengers, 41.3 thousand were Mongolian nationals and 10.2 thousand were foreign nationals. Compared to the same period last year, the number of Mongolian citizens crossing the border decreased by 6.4 thousand people, and the number of foreign nationals decreased by 2.3 thousand people.

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Environment

Boroo Gold LLC Joins Call to Reduce Ulaanbaatar Air Pollution

Published: 2025-02-18 | Translated from: ikon.mn

Boroo Gold LLC has voluntarily joined the call to reduce air pollution in Ulaanbaatar city. The Government of Mongolia established the "National Committee for Reducing Air Pollution" to guide efforts in reducing air pollution and issued a call for businesses to participate in this initiative. Boroo Gold LLC has thus joined this call and signed the "Collaborative Agreement on Environmental Pollution Reduction and Social Responsibility" together with S. Odontuya, Member of the Government of Mongolia and Minister of Environment and Climate Change, D. Amgalan, Head of the Mayor's Office of Ulaanbaatar City, and D. Tserenbadam, Executive Director of Boroo Gold LLC. Ulaanbaatar is considered one of the most polluted cities in the world in terms of air quality, with more than half of Mongolia's population residing there. As such, Boroo Gold LLC's contribution is seen as an important step within their social responsibility efforts to support the health of the general population. Boroo Gold LLC contributes over 100 billion MNT annually in taxes and fees to the national and local budgets, and since its founding 27 years ago, it has made a contribution of 2 trillion MNT to Mongolia's economy. Warning: Media organizations (Television, Radio, Social, and Web pages) must mention the source (ikon.mn) when using our information in any form, in full or partially.

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Teaching small and medium farmers the approach of "Growing to Sell" instead of "Selling What They Grow" through the Mon-Shep Project

Published: 2025-02-18 | Translated from: isee.mn

The Board of Directors of the “Market-Oriented Agricultural Support MON-SHEP Project,” implemented by the Government of Mongolia in cooperation with the Japan International Cooperation Agency (JICA), held a meeting. The project has been jointly implemented by the Ministry of Food, Agriculture, and Light Industry and JICA's Mongolia Representative Office since 2024. The General Secretary of the Ministry of Food, Agriculture, and Light Industry, T. Jambaltseren, is chairing the board. In his opening remarks, he stated, "In this age where sedentary life prevails, the types and forms of food consumed by Mongolians have significantly changed, with an emphasis on healthy eating. The MON-SHEP project, which supports market-oriented agriculture, plays a crucial role in providing healthy and reliable vegetables to meet these needs. Through the project, the SHEP approach will allow farmers to understand market trends and needs, enabling them to choose the crops they plant themselves. They will learn to classify vegetable quality and harvest timing as early, middle, or late. In other words, if small and medium farmers can transition to the approach of 'Growing to Sell' instead of 'Selling What They Grow,' it will contribute to increasing household income." This aligns with the government policy of ensuring food security and enhancing the marketability capacity of vegetable growers. He urged for effective and successful implementation of the project, which aims to contribute to increasing domestic vegetable production. Kensuke Miyagi, head of JICA's Mongolia Representative Office, expressed his agreement with T. Jambaltseren and stated, "The growing demand for vegetables in Mongolia requires safe and reliable supply. By implementing the MON-SHEP project, empowering small and medium vegetable farmers, supporting production, and fostering market-oriented agriculture will contribute to strengthening Mongolia’s food security." The project will introduce techniques successfully implemented since 2006 in over 60 countries worldwide and focuses on supporting vegetable production by empowering not only small and medium farmers but also public sector employees in agriculture. The project will be implemented over four years from 2024 to 2028.

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Seven provinces, 26 soums experiencing dzud across the country

Published: 2025-02-18 | Translated from: montsame.mn

According to information from the meteorological agency, about 70 percent of the total area currently has snow cover up to 21 cm. Seven provinces and 26 soums are experiencing a dzud, and 13 provinces and 39 soums are in pre-dzud conditions according to the dzud assessment. The Secretary General of the National Emergency Management Agency, Colonel T. Bayarkhuu, noted that efforts to provide hay and fodder have been initiated in the provinces where the situation has worsened. Among the six provinces at risk of severe winter conditions, 1,894 households in five provinces have depleted their hay and fodder reserves. These households have received hay and fodder from the safety reserves of their respective provinces and soums. In particular, hay and fodder have been distributed to herders in Arkhangai, Bayan-Ulgii, Govi-Altai, Dornogovi, Dornod, and Khovd from the provincial reserves.

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In the last five years, there have been 621 forest and steppe fires

Published: 2025-02-18 | Translated from: montsame.mn

In Mongolia, approximately 621 forest and steppe fires have been recorded in the last five years. Last year, there were 137 forest and steppe fires in 55 sums of 21 aimags. Calls for forest and steppe fires are most frequent during periods of high dryness, namely in April and October. Between May and July, 12-15 incidents of fires have been reported, according to the Emergency Management Agency. Colonel Ts. Nyambayar, head of the Fire Fighting Department of the National Emergency Management Agency, stated, "In the last four years, half of the 480 forest fires occurred in Sukhbaatar, Khentii, and Dornod aimags. According to preliminary forecasts from the Meteorological and Environmental Research Institute, sharp temperature fluctuations are observed, with temperatures above average and low precipitation expected in most regions. This increases the likelihood of dryness and strong winds. Therefore, to prevent forest fires this spring, recommendations have been issued to the central and local emergency commission leaders and emergency management authorities to take precautionary measures."

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Fire Incidents Increase by 6.5%

Published: 2025-02-18 | Translated from: montsame.mn

As of this year, 490 structural fire incidents have been reported nationwide, representing a 6.5% increase compared to last year. Of these, 57.8% occurred in the capital, and the remainder took place in other regions. Specifically, 178 fire incidents were reported across 75 soums in 21 aimags. Selenge recorded 21 incidents, Tuv 19, while Bulgan, Darkhan-Uul, Dornogovi, Orkhon, Uvurkhangai, and Khentii aimags each had 10-14 incidents. Meanwhile, authorities noted that 50% of the calls in Ulaanbaatar occurred in Bayanzurkh and Songinokhairkhan districts. A total of 2,931 emergency personnel and 719 pieces of specialized machinery participated in firefighting operations, rescuing 4 people and evacuating 601 individuals from smoke-filled areas. Approximately 80% of these fires occurred in private properties, including houses, fences, and gers (traditional tents). Such incidents are often caused by carelessness or faulty electrical use, with most winter fires attributed to flue fires caused by stove chimneys. The authorities highlighted that open dumping of hot ashes and using open flames, gas, or torches to thaw frozen cars and other objects are common causes of fires, as reported by the General Authority for Emergency Situations. In the past five years, 15,298 structural fires have been reported, resulting in the burning of 6,359 residential houses and apartments, with damages estimated at 116 billion MNT. Follow @montsame.mn

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Meeting of the Working Group for the International Conference on "Gender Equality and Climate Change"

Published: 2025-02-18 | Translated from: isee.mn

A working group has been established by the Prime Minister of Mongolia to organize an international conference on the topic "Gender Equality and Climate Change." The group is led by the Minister of Environment and Tourism, S. Odontuya, and its first meeting was held today. During the meeting, the concept, program, conference invitations, list of participants, and detailed preparation plan for the international conference on "Gender Equality and Climate Change" were discussed. The government of Mongolia, in cooperation with the Asian Development Bank (ADB), has scheduled the international conference to take place in Mongolia on May 22-23, 2025. This conference serves as a preparatory step for the XVII session of the Conference of the Parties to the United Nations Convention to Combat Desertification, which will be held in Mongolia in 2026. Moreover, the international conference on "Gender Equality and Climate Change" is being organized in conjunction with the International Day for Biological Diversity. This timing emphasizes the interconnected resolution of the three critical issues: biodiversity, climate change, and gender equality, thereby enhancing the significance of the conference.

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Innovation

Current Level of Cybersecurity Determined

Published: 2025-02-18 | Translated from: unuudur.mn

Researchers from Oxford University have determined the current level of cybersecurity in Mongolia. They are set to present their research findings to the public tomorrow. In doing so, they considered cybersecurity policies and strategies, as well as the legal environment. Furthermore, they evaluated and determined the corresponding levels based on factors such as understanding of cybersecurity, skill development, standards, and technology. Recommendations were also developed based on these findings. The research project began last October. The researchers spent three days in Mongolia, meeting with representatives from over 100 government and private sector organizations. Mongolia is the 95th country whose cybersecurity has been assessed. The Ministry of Digital Development, Innovation, and Communication, in cooperation with the international cooperation organization JICA, is implementing a project to enhance human resource capabilities in cybersecurity. As part of this initiative, this research was conducted.

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From the Next Academic Year, 3rd to 9th Grade Students Will Study English Under the "Pearson" Program

Published: 2025-02-18 | Translated from: ikon.mn

In the 2023-2024 academic year, the content of the general education curriculum introduced the English "Pearson" program. From this school year, 5th to 7th graders are studying their English lessons 100% according to this program. In the 2025-2026 academic year, grades 3 to 9, and eventually grades 3 to 12, will be gradually included in this program. Therefore, updates to the program are constantly being made to ensure it is more beneficial for teachers and students. M. Naidalmaa, the director of "IEDC-Pearson partner Mongolia," provided information about the program updates to Education Minister P. Naranbayar and officials. 2,300 English teachers have been trained; with the program's update, additional teachers will be trained through a series of master teacher module trainings. Trainings will also be organized in hybrid teaching methodologies, empowering new graduates, evaluating, advancing, and reinforcing teachers' levels. According to the organization's research, over 70% of teachers have an intermediate or lower level of English proficiency. Based on this, sequential measures will be taken in cooperation with the organization to improve teacher language skills, such as training and student level assessments. In terms of the English lesson curriculum and textbooks, it has been decided to direct policy planning based on the "Pearson" program. Source: Ministry of Education Warning: Media organizations (Television, Radio, Social and Web pages) must cite their source (ikon.mn) when using our information in any form, either in full or partially.

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The Bureaucracy with Six Steps Will Be Eliminated and Fully Digitalized

Published: 2025-02-18 | Translated from: montsame.mn

According to a study, 20,000 people in our country use prosthetics and orthopedics. By law, they are required to be updated every three years, yet there are citizens who have not replaced their artificial limbs in 10-20 years. This is due to excessive bureaucracy in state services, as expressed by citizens. Specifically, a person with a disability goes through six stages when ordering artificial limbs every three years: verifying their diagnosis with a doctor, creating an invoice, submitting documents to their district hospital, waiting for a decision, waiting for funding, and finally ordering and receiving the product. This entire process requires them to physically visit, taking at least 21 days. However, at a meeting with representatives of the Rehabilitation, Training, and Manufacturing Center's prosthetics and orthopedics production center, Minister of Family, Labor, and Social Protection L. Enkh-Amgalan announced that all these services will be digitized. He stated, "At a time when all state services are becoming digital, it's unacceptable to have bureaucracy and be unfriendly to our citizens." He added that issues arise because labor and social workers in districts and municipalities are not reaching their citizens and emphasized the need to eliminate this bureaucracy and implement a digital solution, setting a time-bound task. Our country's prosthetics factory is well-equipped. Furthermore, it even produces tools meeting modern requirements such as 3D equipment. However, the leadership of the Rehabilitation, Training, and Manufacturing Center highlighted that there is a lack of human resources to operate the equipment. Additionally, they emphasized the need to systematically train specialists, improve health, education, and social rehabilitation, increase the welfare fund's cost, renew it, develop a pricing methodology, and achieve accessible and quality structured services.

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Health

Suspected Measles Case Reported

Published: 2025-02-18 | Translated from: ikon.mn

A suspected case of measles has been reported. A person suspected of having the infection, who is said to have traveled to countries where measles cases have been registered, is being isolated and undergoing diagnosis and treatment, while surveillance and investigation are being conducted. As of January 2025, there have been 3,106 reported cases of measles worldwide. Among these, 103 cases have been registered in Thailand, which is a popular destination for Mongolians, one case in South Korea, and 114 cases in Vietnam, indicating outbreaks in these locations. Therefore, it is advised to get vaccinated against measles when traveling abroad. Citizens can get vaccinated at the Voluntary Immunization Cabinet of the National Center for Communicable Diseases. Children who are 9 months and 2 years old should receive immunization against measles, mumps, and rubella according to the national schedule, free of charge, by contacting their local health centers or soum health centers, as stated by the National Center for Communicable Diseases. Warning: Media organizations (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in full or in part.

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Today's Stories

Politics

Economy

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Infrastructure

Society

Environment

Innovation

Health

Politics

Member of Parliament E. Bolormaa Should Be Withdrawn Due to Receiving Donation from Foreign-Owned Company During Elections

G. Namchinsuren: A Revised Bill on Mineral Resources Will Be Submitted to the Spring Session

Officials to be investigated for South Korea trip sponsored by CU company

Concerns About Officials Traveling Abroad on Retail Chain's Dime

URGENT: Connection to "Ukhaa Khudag" deposit and possible arrest of Colonel Z.Tormandakh from "MCS" group

Seven State Agencies Abolish and Amend Excessive Regulations

S. Ganbaatar: If electricity prices are not increased as approved by the Parliament, the Minister of Energy will be held accountable

Officials who traveled to South Korea at CU's invitation to be investigated by the Anti-Corruption Agency

Mongolian Government Caught by Reality!

Economy

L. Gantomor Discusses Overcoming Challenges with Oyu Tolgoi

"Erdenes Tavantolgoi" to announce tomorrow whether it will distribute dividends

L. Oyun-Erdene: Mongolia Aims to Increase Coal Sales to 100 Million Tons

"Invescore" Group Becomes the First Mongolian Financial Institution to Be Listed on the London Stock Exchange

Although the coal price was projected to be $105 in this year's budget, it is expected to fall to $80

Member of Parliament M. Gankhuleg: Discussing Tax Support for Young Entrepreneurs

Khaan Bank Grants First Concession Loan of the "White Gold" Program to "Darkhan Nekhii" LLC

The Economic Development Council under the Prime Minister is meeting

Prices of Essential Goods in Ulaanbaatar

Local Investments to Be Prioritized Based on Citizen Input

Khan Bank JSC to Distribute Dividends from 2024 Net Profit

Buy a Car with No Down Payment and No Loan Fees at the "Yarmag" Auto Expo

J. Battsandan: "The Owner Knows Their Property, the Dam Holds Its Water." The Owner of the Underground Resources is the Mongolian State

Golomt Bank JSC to Distribute Dividend of 100 MNT per Share

Mortgage Loans Reach 9.4 Trillion Tugriks in 2024

Chain Stores Are Taking Over Jobs of Grocery and Kiosk Operators

Diplomacy

A Mongolian-flagged ship detained for violating navigation rules in Georgia

The Road to Artsuur Border Crossing to Bolster Western Region's Economic Relations

The Foreign Minister Will Visit the Sultanate of Oman

Member of Parliament J. Bat-Erdene Receives Czech Ambassador Jan Vytopil

Infrastructure

Econotimes: Mongolia and China to Build New Cross-Border Railway to Boost Coal Transport

L. Oyun-Erdene: The Second Cross-Border Railway after the 1955 Agreement from Zamiin-Uud-Ereen will be Gashuunsukhait-Gantsmod

Decision on vehicle restrictions by plate numbers to be made after survey results presented to government

S. Narantsogt Begins Inquiry Into Missing 800 Wagons and 10 Locomotives

Some City Administration Agencies Implement MNS ISO 9001:2016 Standard

Orkhon: A 12 km Flood Protection Dam to be Constructed in Erdenet

Society

Citizens Need to Be Informed to Support Mining Until Final Products are Produced

Attempt to Exchange Counterfeit 100 Dollar Bill

97% of Citizens Prefer to Exchange Land for Cash

SELENGE: The number of people crossing the border has decreased

Environment

Boroo Gold LLC Joins Call to Reduce Ulaanbaatar Air Pollution

Teaching small and medium farmers the approach of "Growing to Sell" instead of "Selling What They Grow" through the Mon-Shep Project

Seven provinces, 26 soums experiencing dzud across the country

In the last five years, there have been 621 forest and steppe fires

Fire Incidents Increase by 6.5%

Meeting of the Working Group for the International Conference on "Gender Equality and Climate Change"

Innovation

Current Level of Cybersecurity Determined

From the Next Academic Year, 3rd to 9th Grade Students Will Study English Under the "Pearson" Program

The Bureaucracy with Six Steps Will Be Eliminated and Fully Digitalized

Health

Suspected Measles Case Reported

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