Oct 5, 2024 71 min read Daily News Summaries

Mongolia News Summary for October 05, 2024

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of Mongolia Strategy Center or its members.

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Politics

The Parliament is Discussing the Police Service Law Draft

Published: 2024-10-04 | Translated from: gogo.mn

The session of the parliamentary meeting has started. It began with 66 members present, a 52% attendance rate. The first item on the agenda is the discussion of the Police Service Law draft. Today, the following draft laws will be discussed: - Draft resolution of the State Great Khural on "Approval of the Development Plan of Mongolia for 2025" / Submitted by the Government, first discussion / - Draft law on amendments to the Police Service Law / Prepared in connection with the Constitutional Court's third conclusion, first discussion / - Draft law on amendments to the Mongolian unified budget's 2025 framework statement and 2026-2027 budget projections / Submitted by the Government, pending discussion / - Draft law on the 2025 budget of Mongolia, 2025 budget of the National Wealth Fund, 2025 budget of the Social Insurance Fund, and 2025 budget of the Health Insurance Fund / Submitted by the Government, first discussion / Member of Parliament Kh. Temuujin stated that the Police Organization has been adopting regulations above the law and violating citizens' rights, and therefore, the Police Service Law needs to be revised. Member of Parliament M. Narantuya mentioned that the police frequently violate the right of citizens to speech and expression when organizing meetings and demonstrations. Additionally, Member of Parliament Kh. Baasanjargal pointed out that police officers make citizens wait for 2-3 hours, and then say "You are being detained." He proposed that the law should include a requirement for police to immediately notify the citizen of a detention decision.

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The Parliament: The Prime Minister to Speak on Next Year's Budget

Published: 2024-10-04 | Translated from: ikon.mn

The unified session of the Parliament has started. In today's session, the discussion on next year's budget will begin, and Prime Minister L. Oyun-Erdene will participate and speak in relation to the topic under discussion. According to the order of discussion items, the initial discussion on the draft law to amend the Police Service Law, developed in connection with accepting the Constitutional Court's conclusion No. 03 of 2024, is being conducted. WARNING Media organizations (Television, Radio, Social Media, and Websites) must mention their source (ikon.mn) when using our information wholly or partially in any form. Please be advised!

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The Budget and Plans of the New Government!

Published: 2024-10-04 | Translated from: news.mn

Within the framework of legal reforms, the government submitted the draft budget for 2025 to the parliament. With this, the time given to parliamentary members to work on the budget draft has increased compared to before. The leaders of the three political parties collaborating in the government have called the 2025 budget "a bold ambition for rapid development." The reason for this naming is that the coalition government aims to implement 14 mega projects over the next four years. Prime Minister L. Oyun-Erdene, at the parliamentary session, urged parliament members to have the "courage" to implement this objective. To quote the Prime Minister himself, "In order for you and I to achieve the goals set during this term, we need to invest the 2025 budget in infrastructure to expand the economic base and bravely move away from the established practice of dividing the budget equally." The underlying message to the parliament members from the Prime Minister is a warning not to turn it into "local projects." There is a reason for giving such a reminder. In the past, during the discussion of the national budget by parliament, all 76 members would arm themselves with calculators and corner the Finance Minister, and if their requests were not met, they would resort to blackmail. Whatever the members wanted, they would stuff into the national budget, examples of which include the mead temple and the statue of Bogd Zonkhova built with taxpayers' money. Despite having a population much smaller than that of a single district in the capital, taxpayer money was wasted under the guise of building schools, kindergartens, and cultural centers. Ironically, while the hospital in the district might not have decent medicine and supplies, they built two-story schools, kindergartens, and cultural centers, exploiting budget loopholes, and members would stealthily enrich their personal assets. It is hardly a lie. There are even some ridiculous "jokes" where former member M. Oyun-Chimeg built toilets for her constituency with taxpayers' money—a situation that's both hard to laugh and cry at. But calling it a joke does not change the fact that it actually happened. Since such incidents have occurred before, the Prime Minister repeatedly emphasized while presenting the budget draft and plans to parliament that "the 2025 budget is the first one developed based on the concept of regional development of Mongolia and is important for determining the direction of the country's development in the next four years." On the other hand, during the discussion of the amendment to the 2024 budget in last August's extraordinary session, former members of the Mongolian People's Party were on the verge of rebellion because they were excluded from the government. Their grievances and resentment are not easily pacified. However, L. Oyun-Erdene probably knows how to soften the attitudes of his "comrades." They say that a person who manages camels would understand the temperament of the lead camel well. Let's briefly delve into the numbers introduced by the Prime Minister during the autumn session: 1. By the end of this year, Mongolia's GDP per capita will reach 6,800 USD. 2. The economy is expected to grow by 5.1%. 3. If they manage to fully operationalize the 14 mega projects by 2026, GDP per capita could reach 10,000 USD by 2028. 4. With GDP growth, the credit rating will increase by 1-2 levels, and loan interest rates could decrease by up to 30%. Foreign investment will grow by a factor of 1.5 to 3, and infrastructure issues will be resolved. The average salary of citizens will increase by up to 60%. 5. By completing the cross-border connection work at the Gashuunsukhait-Ganzmod port, which has been stalled for 18 years, the capacity of the ports will double, coal transportation will increase by 40 million tons, and export revenue will double. 6. By initiating and implementing the construction of the 90 MW Erdeneburen hydropower plant, the electricity consumption of the western region can be fully met by 2027. 7. If Mongolia-France's joint uranium project, which has been in exploration for 26 years, can be implemented, it would be another major project of third-party investment for the country, with 4.5 billion USD in tax revenue expected to be centralized in the state budget. Such plans, along with the breakdown of the budget proposal, were presented by the Prime Minister to the 126 parliament members. If the draft budget for 2025 is approved in coordination with the plan, economic growth would reach 7-8%, export revenue would grow to 19.0 billion USD, foreign exchange reserves would increase to 5.7 billion USD, household real income would rise by an average of 15%, a favorable environment for business would be created, investment would increase, and 35,000 new jobs would be created. That is the claim.

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LIVE: Initial Discussion on Amendments to the Police Service Law

Published: 2024-10-04 | Translated from: isee.mn

The plenary session of the Parliament has begun. During today's session, the initial discussion on the draft resolution "On the Approval of the Development Plan of Mongolia for 2025" submitted by the Government will be held, as well as a decision on whether to discuss the draft law on amendments to the Law on the General Budget Framework Statement for 2025, Budget Projections for 2026-2027, the draft law on the Budget of Mongolia for 2025, the Budget of the National Wealth Fund for 2025, the Budget of the Social Insurance Fund for 2025, and the Budget of the Health Insurance Fund for 2025. Additionally, Prime Minister L. Oyun-Erdene will participate and speak on issues related to the agenda. According to the order of the agenda, the initial discussion on the draft law on amendments to the Police Service Law, prepared in connection with the acknowledgment of the 03rd conclusion of the Constitutional Court of 2024, is being held. WATCH LIVE:

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The Device for Counting Votes by MPs Continues to Show Errors

Published: 2024-10-04 | Translated from: gogo.mn

The combined meeting of the State Great Khural (Parliament) started at 10:00 am today. However, issues such as the device for counting votes by MPs freezing and not counting a member's vote continue to arise. After the regular parliamentary election, new, more advanced voting equipment with high cost and technology was acquired. However, due to malfunctions of the vote counting devices during the extraordinary session, votes were rendered invalid and recounting was necessary. As this situation persists, the Speaker of the State Great Khural, D. Amarbayasgalan, has announced that an audit will be conducted.

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Parliament Members' Attendance and Voting System to be Audited

Published: 2024-10-04 | Translated from: ikon.mn

At the parliamentary session, the first discussion of the bill to amend the Law on Police Service was held. During the vote on the bill after the discussion, the voting system bell in the parliamentary chamber did not ring. The speaker of the parliament announced the vote and rang the gavel, after which the bell did eventually ring, and members pressed their voting buttons. However, since the bell did not initially ring, some members missed the vote. Therefore, it was decided to hold the vote again. At this time, the speaker of the parliament, D. Amarbayasgalan, announced the establishment of a working group to audit the system used in the parliamentary chamber, led by member B. Purevdorj. The system, installed at a high cost, has occasionally experienced malfunctions, prompting the formation of this working group for investigation.

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Economy

The "Mongolia Mining 2024" International Mining Exhibition Will Open on October 8th

Published: 2024-10-04 | Translated from: news.mn

The 13th annual event of the "Mongolia Mining" international mining exhibition series will be held from October 8th to 10th, 2024, at the Buyant-Ukhaa Sports Palace. As usual, the exhibition is organized by Minex Mongolia LLC for mining cooperation and Expo Mongolia LLC, a professional exhibition and event organizer. At the Mongolia Mining 2024 exhibition, suppliers of mining equipment, exploration and mining companies, suppliers of raw materials, products and services for the mining industry, investors in mining projects, and financial institutions are registered to participate. They will promote their products and services at their chosen locations. Apart from Mongolia's top mining suppliers, over 250 organizations from more than 20 countries, including China, Russia, Canada, Australia, India, Turkey, Belarus, Germany, Austria, the USA, Finland, Kazakhstan, and Korea, will participate in the exhibition. The supporting organizations of the Mongolia Mining 2024 exhibition include the Ministry of Industry and Mineral Resources, the Mineral Resources and Petroleum Authority, and the Council of Professional Mining Associations. The general sponsor of the exhibition is Transwest Mongolia LLC, the gold sponsor is US-based Donaldson Company, Inc., and the silver sponsor is HLKMINC LLC. The media partners include Mining Journal magazine, the mining information website mining.mn, Bloomberg TV Mongolia, MNB TV, Eagle TV, Ikon news site, and MONTSAME Agency. The Mongolia Mining exhibition, which has been expanding year after year, is introducing several new features this time to increase the benefits to participants and visitors. Some of the highlights include: - The Mongolia Mining 2024 exhibition will host a B2B business meeting as a new business-friendly environment and will invite major investors. This meeting aims to support domestic mining organizations and entrepreneurs in entering the international market, create new business opportunities for organizations and entrepreneurs in the industry through physical meetings and collaborations, and exchange advanced mining technology information and find mutually beneficial solutions. So far, over 10 international organizations have registered to participate in the B2B meeting. Additionally, major international businesses, including those from Kazakhstan and the USA, have announced their visit to the Mongolia Mining 2024 exhibition with the aim of investment. - From this year, the Mongolia Mining exhibition will collaborate with the Council of Mongolian Professional Mining Associations and organize the annual meetings and seminars of its member associations during the exhibition. Seminars for mining engineers, geologists, blasting specialists, and drilling professionals will be organized, providing industry experts with opportunities to receive information, learn from others, and establish contacts. - Exhibiting companies will be provided with a networking area to invite clients, make agreements, and conduct product presentations. - Showcases of new equipment and technological advancements will be organized during the exhibition. The three-day Mongolia Mining 2024 exhibition will be full of engaging events, offering abundant opportunities for learning and research, and will be especially beneficial to business owners in the mining sector. You are respectfully invited to the largest event in Mongolia's mining sector. For more information, please call 77773010 or 80881187. MONGOLIA MINING 2024 EXHIBITION ORGANIZING COMMITTEE

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Geumyang Faces Bankruptcy Due to Halting of Mining Rights by South Korea

Published: 2024-10-04 | Translated from: isee.mn

South Korea’s Geumyang company, which purchased the "Monlaa" company to mine battery lithium, has announced it is at risk of bankruptcy due to the restriction of its mining rights. The "Mining Week & MinePro 2024" International Mining Exhibition and Conference organized by the Ministry of Industry and Mineral Resources, the Mineral and Petroleum Authority, and the National Mining Association of Mongolia is continuing for its third day at the base of Taitj Mountain in Nalaikh District. However, Member of Parliament D. Ganbat noted during yesterday's session that few foreign investors have shown up to the "Mining Week" event. This is true, as this year, nearly no foreign investors attended the "Mining Week" event that usually attracts mining magnates from around the world. Experts attribute this to two reasons. First, a decision has been made in recent years not to issue any more new exploration licenses. Secondly, most deposits that could be invested in exploration and mining licenses have been taken by leaders. Although leaders are trying to involve foreign investors in their deposits, due to the risk of deception, the weak legal environment in the country, and a lack of confidence, the sector's investment is significantly weakened. A clear example of this is currently happening in South Korea. South Korea's Geumyang company invested in a Mongolian mining company, but due to poor extraction, it is at risk of declaring bankruptcy. The South Korean media report that even though Geumyang purchased "Monlaa" LLC, misunderstandings with the Mongolian side have led to a 98% drop in sales, and the stock price has fallen, putting it at risk of bankruptcy. Last year, Geumyang bought Mongolian mining company "Monlaa" with the intent of mining lithium, a key raw material for batteries. Previously, in 2022, Geumyang invested in mines in Hong Kong to secure lithium reserves, but because it would take a long time to transition from exploration to extraction, they invested in the Mongolian mining company "Monlaa" to ensure additional reserves. In May the previous year, Geumyang announced plans for sales of 424.4 billion won and an operating profit of 160.9 billion won in 2024, sales of 468 billion won with an operating profit of 187.2 billion won in 2025, and sales of 468 billion won with an operating profit of 187.2 billion won by 2026, based on their investment in Mongolian mining development. However, this year, they have achieved only 2% of their target, adjusting 2024 sales to 6.58 billion won with operating profit of 1.316 billion won, 2025 sales to 40.8 billion won with operating profit of 8.16 billion won, and 2026 sales to 40.8 billion won with operating profit of 8.16 billion won. This reflects a 98% decrease in expected annual sales. According to Geumyang, significant delays in the plan are due to misunderstandings about how to proceed with the project with the Mongolian side, cultural differences, and communication issues. "We hope Mongolia will increase the rights to extract mining products," they stated. However, since they have not yet received processing approval, it will take considerable time to make sales related to lithium. As a result, the stock price of the investment company is falling, risking a bankruptcy declaration. It can be concluded that due to limitations in the country’s mining operation permits and sales restrictions, investors are operating unprofitably and potentially facing bankruptcy. This situation is evident as foreign investors avoid investing in Mongolia's mining sector, as seen from the "Mining Week" event.

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If we start our 14 mega projects, there is a realistic opportunity to reach a GDP of $10,000

Published: 2024-10-04 | Translated from: news.mn

The Prime Minister of Mongolia, L. Oyun-Erdene, introduced the draft state budget for 2025 and gave a speech at the Parliament session. Here is the full text of the Prime Minister's speech. Dear Mongolians, Speaker of the State Great Khural, esteemed members, The Mongolian people have concluded the 30-year period known as the transition and supported a comprehensive legal reform to form a State Great Khural with 126 representatives using a mixed electoral system. This is to initiate a new era of parliamentary governance, the second wave of matured democracy. In short, the desire for representatives who can address significant development issues, not localistic interests, is evident from research results. High expectations are always accompanied by responsibility. If this parliament with 126 representatives and the government fail to fulfill these expectations, and if the public concludes that their performance is similar to or worse than before, the accumulated risks to democratic parliamentary governance over the past 30-plus years will need to be acknowledged by us all. Finding solutions and achieving success requires great effort and persistence, but a single careless action can be enough to ruin progress, as seen in various examples such as the credit rating improvement efforts since 2014. To avoid repeating such mistakes, we have formed a coalition government and are now presenting our first budget based on the "COURAGE FOR RAPID DEVELOPMENT" agreement to the State Great Khural. The 2025 budget is the first formulated in accordance with Mongolia's regional development concept and is significant for determining the direction of the country's development over the next four years. Speaker of the State Great Khural, esteemed members, The state budget is not only a projection of revenue and expenditure for the nation called Mongolia but also the foundation that guides the economic capacity, GDP, and national income of the country. The economic development of any country is measured by GDP. It's clear we need to measure our development by this international standard. After over 10 years of stagnation with a GDP per capita of $4,000, improvements in border crossing capacity and the exposure of the hidden economy in the mineral sector, along with increased tourism revenue, pushed GDP per capita over $6,000 in 2023. The expected completion for this year estimates GDP at 79.2 trillion MNT, and GDP per capita at approximately $6,800. With global economic growth expected at around 3.3% in 2025, and regional economic growth projected at 5.1%, Mongolia’s economic growth for 2025 is estimated by the World Bank at 4.8% and by the IMF at 4.1%. However, since forming a coalition government and announcing significant development projects, credit rating stability at “B+” has improved the projections to around or above 6%, closely monitored by investors. Investors are watching us. Although we need to account for risks, if our coalition government’s 14 mega projects can get more than 5 projects underway by the start of the 2025 fiscal year, the GDP is projected to reach 95 trillion MNT by the end of 2025. If all 14 mega projects can fully commence by 2026, there is a realistic opportunity for GDP to reach 132.3 trillion MNT and GDP per capita to hit $10,000 by 2028. Achieving a GDP per capita of $10,000 is unprecedented for Mongolia, but countries that reach it experience the following positive changes: - Credit ratings improve by 1-2 levels, and loan interest rates drop by up to 30%. - Foreign investment grows 1.5 to threefold, resolving infrastructure issues. - Investment in science and technology increases, boosting industrial productivity and diversifying the economy. - Skilled human resources return home, and foreign experts come to work in the country. - Average salaries of citizens rise up to 60%, increasing household income and reducing poverty, while improved salaries for civil servants enhance governance productivity. - Development in education and health results in better quality services, improving quality of life and increasing average lifespan. There is no other prescription for development, no magic solution. We must gradually expand our economy and achieve a GDP per capita of $10,000 as soon as possible. In this era of rapid AI development, transforming human lifestyles, we Mongolians must foresee and outpace development rather than chase it. It is crucial to not cling to the past but look ahead and align with current conditions for rapid development. For rapid development, Mongolia is preparing to introduce the 14 mega economic projects to the State Great Khural by 2025, ranked in the following order for transparent deliberation and resolution: - Completing the cross-border connection at the Gashuunsukhait-Gantsmod port, stalled for 18 years, will double port crossing capacity and could double coal transport by 40 million tons, and export revenue. - Starting and implementing the 90 MW Erdeneburen hydropower plant will fully meet the electricity needs of the western region by 2027. - Successful implementation of the Mongolian-French joint uranium project, in exploration for 26 years, would become a third neighbor investment project, contributing $4.5 billion in tax revenue to the state budget. - Implementation of water transfer pipeline projects like Orkhon-Ongi and Kherlen-Toono to align with climate change and green transition will meet the water needs of the population, livestock, industry, and mining in the Gobi region using surface water, and is crucial for reducing desertification. - Implementing the 450 MW thermal power plant project in Tavantolgoi, stalled for 10 years since 2013, will enable local electricity supply for strategic mining projects in the southern region, such as Oyu Tolgoi and Tavantolgoi. - The National Satellite Project will allow internet access and IT services anywhere in Mongolia, giving 250,000 herder households access to services like E-Mongolia, E-schools, and E-healthcare, and provide a foundation for AI readiness and technological transition. Additionally, packages of processing industries, renewable energy, and urban infrastructure projects will be introduced to the State Great Khural for joint resolution. Again, with the implementation of more than 5 of these 14 projects, the 2025 fiscal year will see balance of payments and currency reserves without risks. Along with transparency in mining exploration and licensing, supporting processing industries via tax incentives, and emphasizing agriculture, tourism, and energy sectors, these diversification costs have been included in the 2025 budget. To support investors, private sector, and business environment, and enhance national productivity, the government plans to present 14 legal reforms covering: - Investment, business environment, procurement - Tax and budget expenditure reforms - National wealth fund, state-owned enterprise governance - National housing system, savings fund - Regional development - Development and governance of Ulaanbaatar city - Energy sector reform - Green economy, green transition - Digital transition based on big data and AI - Legal reform of civil service - Enhancing national resilience and risk management - Issuing and utilizing mining licenses for economic efficiency Implementing these legal reforms, working groups have been formed under the order of the Speaker, and we express gratitude to Speaker Dashzeveg Amarbayasgalan and committee members for their collaboration with the government. Speaker, esteemed members, To achieve our set goals within this term, it is necessary to courageously break away from the established pattern of equally dividing the budget and instead allocate it to infrastructure to expand the economic base for 2025. With this in mind, while Mongolia averaged 450-500 new state-funded projects annually, the 2025 budget proposal includes financing for 38 new infrastructure projects. While Mongolia spent 21 years constructing 7,000 km of highways for the Millennium Road project, the next 4 years plan to construct about 4,440 km of highways connecting provincial centers and border crossings based on economic priorities, with 2,100 km planned for next year’s budget. Supporting sub-regions and generating 1,650 MW of new power sources and covering costs for clean energy transition are featured. To fully resolve issues of construction quality due to incomplete financing in the social sector, it is deemed appropriate to fully finance the 602 carried-over projects. As a result, 90 schools, 62 kindergartens, 31 hospitals, 22 dormitories, 60 cultural and sports facilities, and 18 family and social protection facilities will be completed. School capacity will increase by 40,610 seats, and kindergarten capacity by 9,540 beds. Measures directed towards providing quality and accessible basic social services to citizens and social groups have been planned, including a 6% increase in pensions, social benefits, and civil servant salaries tied to inflation starting January. Recognizing housing as a guarantee of citizens' livelihoods, the government will implement national housing reform linked to the National Wealth Fund’s Savings Fund, allocating 1.0 trillion MNT to subsidized mortgage financing to support 13,000 citizens. Within the framework of regional development reform, while investment in Ulaanbaatar from 1992-2021 amounted to 11.5 trillion MNT, by 2028 it needs to triple that amount. The government will introduce the capital’s general plan until 2040 within this budget year to the State Great Khural, supporting: - A tunnel linking the capital with Khushig Valley - A suspension bridge linking central Ulaanbaatar with the tunnel - Tuul River expressway - Terelj Road development - 17.7 km "First Metro Line" from Tolgoit to Amgalan, with the goal to start these projects within 2025 fiscal year using budget and other financial resources. Speaker, esteemed members, The law on Mongolia’s state budget for 2025 has been prepared with the following consolidated budget indicators: - 2025 total budget revenue source - 35.8 trillion MNT - Current expenditure - 24.5 trillion MNT - Investment expenditure - 4.3 trillion MNT - Stabilization fund - 608.9 billion MNT - National wealth fund - 2.4 trillion MNT Successful implementation of the 2025 budget plan will result in: - Economic growth of 7-8% - Export revenue reaching $19.0 billion - Foreign exchange reserves increasing to $5.7 billion - Real household incomes rising by an average of 15% - Favorable business environment fostering investment - Creating 35,000 new jobs. Speaker, esteemed members, Please review and decide on Mongolia's consolidated 2025 budget proposal.

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Mining Week 2024 & MinePro 2024 – Mongolian Mining Sector Gathers for Third Day

Published: 2024-10-04 | Translated from: ikon.mn

The Ministry of Industry and Mineral Resources, the Mongolian National Mining Association, the Mineral Resources and Petroleum Authority of Mongolia, along with Capital Markets Mongolia, are organizing the "Mining Week & MinePro 2024" event from October 2 to 5, 2024, for the third year in a row in the Nalaikh district of Ulaanbaatar. The purpose is to promote the Mongolian industrial and mineral resources sector to foreign investors, increase investment, and expand stakeholder cooperation. During the 4-day "Mining Week" conference, various important issues are addressed in the program with the participation of all parties, such as improving the sector's competitiveness, global trends, green development, the "billion trees" initiative, ensuring public and citizen participation in policies and decisions, seeking collaborative solutions, creating a favorable investment environment, and accelerating legal and regulatory reforms. The MinePro exhibition includes over 250 suppliers, financial institutions, and investors from more than 10 countries, including Mongolia, the United Kingdom, Canada, Korea, Japan, Kazakhstan, China, France, and the Czech Republic, showcasing their products and services to participants in Mongolia's mineral resources sector. This year's participation from both domestic and international delegates is higher compared to last year, indicating that the industrial and mineral resources sector is attracting interest not only from Mongolian but also international investors. Highlights from October 2-4, 2024: Over the past three days, more than 20 sessions and 70 presentations and discussions have been held in conference rooms titled "Collective Conference, Initiatives, Ministry of Industry and Mineral Resources, Mongolian National Mining Association, CMM" on topics such as THE INVESTMENT ENVIRONMENT IN THE MINERAL RESOURCES SECTOR, CRITICAL MINERALS SUPPLY AND DEMAND, FUTURE TRENDS, OCCUPATIONAL SAFETY, and FINANCING OPPORTUNITIES FOR MINING COMPANIES. The event will conclude tomorrow, on Saturday, October 5, with free and open access to the public of all ages, inviting everyone to come during the weekend. We express gratitude to the approximately 50 domestic organizations and over 30 international organizations that have supported and collaborated in organizing the event. Notice: Media outlets (TV, Radio, Social media, and Websites) must mention their source (ikon.mn) when using our information in any form, either fully or partially.

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Nuclear energy is becoming a new industry, new market, and new opportunity for countries

Published: 2024-10-04 | Translated from: montsame.mn

The "Russian Energy Week-2024" international forum was held in Moscow, Russia, from September 26-29. The "REN-2024" (Russian Energy Week) forum was organized by the Government of Russia, the Ministry of Energy, "Roscongress," and the Moscow City Government. Major Russian energy companies and banks such as "Gazprom," "Lukoil," "Zarubezhenergo," "RosAtom," "Rosseti," "Transneft," and "Alfa" Bank participated as business partners. Information partners included Russia's TASS news agency, "Business Russia," "Energy of Russia," "RBG," and "BIGPOWER," among other media organizations. Journalists from over 20 foreign countries, including Indonesia, Bahrain, China, Mongolia, and India, participated in the coverage. The "REN-2024" forum discussed the current state of the world energy market and future prospects. During the summit, the energy ministers of the BRICS countries, which include Brazil, Russia, India, China, and South Africa, met to discuss new energy sources and cooperation in transitioning to renewable energy. However, the "REN-2024" was not limited to discussions among BRICS member countries. The forum also considered the current global energy situation and future prospects. Renewable energies such as natural gas, methane, solar, wind, and water were discussed as means to ensure national safety and stability, as well as tackle climate change, which is a global challenge. Russia expressed its view of Africa as a new market in terms of energy sources, resources, and utilization. BRICS India's representative A. Kumar talked about extensively utilizing solar and affordable energy in India. Participants in the forum expressed that the use of nuclear energy for peaceful purposes is seen as a new market, new opportunity, and new industry in the energy sector for countries globally. "Gazprom" is planning its development for the next 10 years. It announced plans during the forum to increase its gas exports to China and ensure comprehensive and stable gas supply on the domestic market. The state leader of Russia mentioned that the Russian gas production sector is entering a new stage of change and highlighted the Asian market in the external market strategy. This was emphasized as one of the strategic directions of Russia's energy policy. The "Gazprom" company has been instructed by the state's leader V. Putin during the first day's general meeting of the "REN-2024" forum to develop and implement its 10-year development plan in cooperation with the government. He noted that the Russian gas production sector is entering a new stage of change, emphasizing Asia in its external market strategy as a key direction of Russia's energy policy.

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L. Oyun-Erdene: If the 2025 budget is implemented as planned, economic growth will reach 7-8%

Published: 2024-10-04 | Translated from: montsame.mn

L. Oyun-Erdene: If next year's budget is implemented as planned, economic growth will reach 7-8% At today's session of the State Great Khural, Prime Minister L. Oyun-Erdene introduced the draft of next year's state budget and delivered a speech. Here is the full text of the Prime Minister's speech. Dear Mongolians, Chairman of the State Great Khural, esteemed members, The Mongolian people have decided to end the so-called 30 years of transition and begin a new era of parliamentary democracy, the second wave of mature democracy, by supporting a comprehensive legal reform to form the State Great Khural with 126 representatives through a mixed electoral system. In other words, it was noted in the research results that citizens desire representatives who can solve major national development issues, not just regional ones. High expectations naturally come with responsibility. If this parliament, consisting of 126 representatives, and the government fail to fulfill these expectations, or if it is judged by society to be worse than before, it poses risks to democratic parliamentary governance, as accumulated over the past 30 years. We must be aware of this together. It is clear from examples such as the credit rating that took over a decade to improve since 2014 that it requires tremendous effort and diligence to succeed in resolving any issue, while a single mindless action can be enough to destroy everything. To avoid repeating such mistakes, we have formed a coalition government and are submitting our first budget based on the "COURAGE FOR RAPID DEVELOPMENT" agreement to the State Great Khural. The 2025 budget is the first budget developed according to Mongolia's regional development concept and is of great importance to determining the country's development direction for the next four years. Chairman of the State Great Khural, esteemed members, The state budget is not only a projection of the family's income and expenditure but also serves as the foundation for guiding and stimulating the national economy, GDP, and GNI. The economic development of any country is measured by GDP, and it is clear that we measure our development by this international standard. After being stuck at a GDP per capita of 4,000 USD for over a decade, Mongolia has surpassed 6,000 USD in 2023 thanks to improved border capacity, the formalization of the mineral sector's informal economy, and increased income from tourism. In the current year, GDP is expected to reach 79.2 trillion MNT, and GDP per capita is expected to reach approximately 6,800 USD. While global economic growth is expected to remain around 3.3% in 2025, the regional economy is estimated to grow by 5.1%. Naturally, the increasingly fragmented and rapidly changing international geopolitical environment poses significant risks to the economy. The World Bank and the International Monetary Fund previously estimated Mongolia's economic growth in 2025 to be 4.8% and 4.1%, respectively. However, after the country's credit rating reached a "B+" stable level and transitioned to an upper-middle income category according to the World Bank, and following the announcement of major development projects by the coalition government, the forecast has been revised to six percent or higher. Investors are watching. It is important to consider risks, of course. But if at least 5 out of the 14 mega-projects to be implemented by the coalition government begin in the 2025 fiscal year, GDP is expected to reach 95 trillion MNT by the end of the year. If all 14 mega-projects are fully operational by 2026, GDP could reach 132.3 trillion MNT by 2028, with a GDP per capita of 10,000 USD being a realistic possibility. Mongolia has not yet reached a GDP per capita of 10,000 USD. However, countries that have achieved this have experienced the following positive changes: 1. Credit ratings rise by 1-2 levels, and loan interest rates decrease by up to 30%. 2. Foreign investment increases by 1.5 to 3 times, resolving infrastructure issues. 3. Investment in science and technology increases, productivity rises, and the economy diversifies. 4. Skilled human resources return home, and foreign experts begin working in the country. 5. The average salary for citizens rises by up to 60%, household income increases, poverty levels decrease, and increased government employee salaries improve governance productivity. 6. Education and health sector development improves, quality services enhance the quality of life for citizens, and life expectancy rises. There is no other recipe or miracle for development in the world. We must expand our economy step by step, striving to increase GDP per capita to 10,000 USD as soon as possible. In this era of rapid advancement in artificial intelligence that is dramatically changing the way of life for humanity, Mongolians must not chase development but anticipate and lead it, not cling to the past, but look to the future and develop rapidly in accordance with the times. Mongolia is preparing to present and transparently discuss the 14 mega-projects for rapid development to the State Great Khural in 2025, in the following order: 1. Completion of the cross-border connection work on the Gashuunsukhait-Ganqmod border port, which has been stuck in negotiation for 18 years, will double the port's capacity, increase coal transport by 40 million tons, and double export revenues. 2. Starting and implementing the Erdeneburen 90 MW hydropower plant project will fully supply western Mongolia's electricity demand by 2027. 3. Implementing the joint Mongolia-France uranium exploration project that has been under exploration for 26 years will bring foreign investment as a third neighbor's project, contributing 4.5 billion USD in tax revenue to the state budget. 4. In response to climate change and the green transition, implementing the Orkhon-Ongi and Kherlen-Too hydro-transport projects will provide surface water resources for the Gobi region's population, livestock, industry, and mining needs, while revitalizing Ulaan Lake, restoring ecosystems around the lake, and reducing desertification. 5. Implementing the Tavantolgoi 450 MW thermal power plant project, which has been stuck at the negotiation stage for 10 years since 2013, will supply electricity from domestic sources for Oyu Tolgoi, Tavantolgoi, and other strategic mining projects in the southern region. 6. With the implementation of the National Satellite Project, which enables internet connectivity from anywhere in Mongolia and direct access to information technology services, 250,000 herder households can access E-Mongolia, E-School, E-Hospital services, and prepare a foundation for the transition to artificial intelligence and technology. In addition, packages of processing industry projects, renewable energy package projects, and infrastructure projects for the capital will be presented to the State Great Khural for joint solutions. In summary, with the implementation of at least 5 of these 14 projects, the 2025 fiscal year will have no balance of payments or foreign currency reserve risks. The exploration, licensing, and transparency of the mining sector, along with supporting manufacturing through the tax environment, and especially focusing on agriculture, tourism, and the energy sector, include budgetary diversification costs for 2025. To support investors, the private sector, and the business environment and increase national productivity, the government plans to submit 14 legal reforms to the State Great Khural in 2025, covering: 1. Investment, business environment, public procurement 2. Tax and budget expenditure reform 3. National Wealth Fund, corporate governance of state-owned enterprises 4. National housing system, savings fund 5. Regional development 6. Urban development and governance of Ulaanbaatar 7. Energy sector reform 8. Green economy, green transition 9. Digital transition based on big data and artificial intelligence 10. Legal reform of public service 11. Increasing national resilience and risk management 12. Issuance and utilization of mining licenses, and increasing economic efficiency. Under the framework of implementing these legal reforms, working groups will be established by the order of the Speaker of the State Great Khural, and I express gratitude to Speaker D. Amarbayasgalan and esteemed members of the working groups and state the government's commitment to closely cooperate. Chairman of the State Great Khural, esteemed members, To achieve the goals for this term, you and I must have the courage to move away from the fixed inclination of distributing the budget evenly and spend the 2025 budget on expanding the economic base. Previously, Mongolia initiated 450-500 new projects annually with the budget, but the 2025 budget proposal includes financing for 38 new infrastructure projects. To lay the foundation for regional development, Mongolia plans to build approximately 4,440 km of roads over the next 4 years, representing a major economic priority, by connecting aimag centers with each other and border ports in economic significance order, with 2,100 km of road construction envisioned for the upcoming year's budget. The creation of a new 1,650 MW power source is included to support specialized and sub-regions, along with transitioning to clean energy. Reducing the issue of construction quality arising from the failure to fully finance investments in the social sector, the solution considered most reasonable is to complete the continued list of 602 projects. Nationwide, 90 schools, 62 kindergartens, 31 hospitals, 22 dormitories, 60 cultural and sports facilities, and 18 family and social protection facilities will be fully operational. This will increase school capacity by 40,610 seats, and kindergarten by 9,540. In initiatives aimed at directing essential social services towards citizens and social groups, including measures to increase pensions, social welfare benefits, and public employee salaries by 6% in line with inflation from January of the coming year, the national housing reform aligns with the National Wealth Fund's Savings Fund, facilitating the issuance of 1 trillion MNT for mortgage loans for housing, encompassing benefiting 13,000 citizens. Under the regional development reform, while Ulaanbaatar's total investment for 1992-2021 was 11.5 trillion MNT, the necessity for triple that investment arises by 2028. The government plans to submit Ulaanbaatar's General Development Plan until 2040 to the State Great Khural during this fiscal year, with initiatives such as: 1. Tunnel connecting Ulaanbaatar with Khushig Valley 2. Cable suspension bridge linking the city's center with that tunnel 3. Tuul Speed Road 4. Terelj Road development 5. The "First Line" of the 17.7 km metro between Tolgoit and Amgalan These are proposed to be supported by budgetary and financial sources, aiming to begin within the 2025 fiscal year. Chairman of the State Great Khural, esteemed members, The government has incorporated indicators for the consolidated budget of Mongolia's 2025 state budget law as follows: Total resources for the budget: 35.8 trillion MNT, Current expenditures: 24.5 trillion MNT, Investment expenses: 4.3 trillion MNT, Stabilization fund: 608.9 billion MNT, National Wealth Fund: 2.4 trillion MNT. If the 2025 budget is implemented according to the plan: - Economic growth will be 7-8%. - Export revenue will reach 19.0 billion USD. - Foreign exchange reserves will increase to 5.7 billion USD. - Real household income will rise by an average of 15%. - A conducive environment for business will emerge, investment will increase. - 35,000 new jobs will be created. Chairman of the State Great Khural, esteemed members, I ask you to discuss and resolve the 2025 state budget proposal of Mongolia.

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Twenty Companies Showcase Products at South Korea's Food Expo

Published: 2024-10-04 | Translated from: montsame.mn

The food exhibition and trade fair showcasing South Korean agricultural products started today at the main hall of the Mongolian Chamber of Commerce and Industry. This exhibition has been held annually in our country since 2017 and is organized by the South Korean Chamber of Commerce and Industry in Mongolia. More than 20 companies from South Korea are participating in this event. Representatives from some companies have expressed their desire to establish relationships and open their market in Mongolia, working with local business entities as contracted distributors. The exhibition and trade fair of South Korean agricultural products will continue throughout the weekend.

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Prime Minister L. Oyun-Erdene: If We Can Fully Drive 14 Mega Projects, GDP Can Reach $10,000

Published: 2024-10-04 | Translated from: isee.mn

Prime Minister of Mongolia L. Oyun-Erdene presented the draft state budget for 2025 and delivered a speech at the plenary session of the State Great Khural. Here is the full speech. The people of Mongolia have supported comprehensive legal reforms to elect the State Great Khural with 126 representatives through a mixed electoral system to conclude the transitional period of 30 years with a second wave of matured democracy and to initiate a new era of parliamentary governance. In other words, the citizens desired action-oriented representatives capable of solving major development issues of the country rather than regional problems, which is evident from the research results. High expectations come with responsibility. If this parliament and government with 126 representatives fail to meet these expectations, or even perform worse than before, it could pose a risk to democratic parliamentary governance, a realization we must collectively acknowledge. Finding solutions and achieving success requires tremendous effort and dedication, yet one thoughtless action can suffice to bring it down, as seen from multiple instances such as the credit rating improvement we struggled to achieve over more than 10 years since 2014. To avoid such mistakes, we established a coalition government and submitted the first budget to the State Great Khural based on the "COURAGE FOR ACCELERATED DEVELOPMENT" agreement. The 2025 budget is the first budget developed in line with Mongolia's regional development concept and holds importance for determining the country’s developmental direction over the next four years. Speaker of the State Great Khural, esteemed members, The state budget not only forecasts the income and expenditures of the "Mongolian household" but also serves as the foundation that steers and motivates the country's economic capacity, GDP, and national income. The economic development of any country is measured by its GDP. We also measure our foundational development indicators using this international standard. Mongolia’s GDP per capita has been stuck at $4,000 for over a decade. However, thanks to improved port capacities, the formalization of the shadow economy in the mineral sector, and increased tourism revenues, the GDP per capita surpassed $6,000 in 2023, with the current year’s performance estimating GDP to reach MNT 79.2 trillion and per capita GDP to be around $6,800. While the global economic growth is expected to remain around 3.3% in 2025, our region is projected to grow by 5.1%. Clearly, the increasingly fragmented world and the rapidly changing international geopolitical situation bring considerable risks to the economy. The World Bank has projected Mongolia’s economic growth at 4.8% and the IMF at 4.1% for 2025. However, since the government announced the implementation of major projects after improving the credit rating to a stable "B+,” raising our national income to become an upper-middle-income country per World Bank classification, we have revised our projections to growth exceeding 6% and are monitoring this budget discussion closely. In other words, investors are watching us. We need to calculate risks, but we anticipate that if at least 5 out of the 14 mega projects under the coalition government are started in the fiscal year of 2025, the GDP will reach MNT 95.0 trillion by the end of 2025. If all 14 mega projects are fully operational by 2026, there is a realistic possibility that the GDP could reach MNT 132.3 trillion by 2028, with the GDP per capita reaching $10,000. Mongolia has not yet achieved a GDP per capita of $10,000. However, countries that have reached this level experience positive changes such as: - An improvement in credit ratings by 1-2 levels and a reduction in loan interest rates by up to 30%. - An increase in foreign investments by 1.5 to three times, solving infrastructure issues. - Increased investments in science and technology, improving productivity and diversifying the economy. - Skilled human resources returning home, with foreign experts beginning to work in the country. - An increase in average salaries by up to 60%, household incomes leading to reduced poverty, and higher salaries for civil servants improving governance productivity. - Improvements in the education and health sectors leading to better quality services, enhancing people's quality of life and increasing average life expectancy. There are no alternative recipes or magic spells for development on earth. We must expand our economy step by step and aim to increase the GDP per capita to $10,000 or more as soon as possible. As artificial intelligence rapidly transforms the way of life for humanity, we Mongolians must pursue development, not chase it, and look forward, adapt quickly, rather than cling to the past. Mongolia is prepared to present its 14 mega projects for economic development in 2025 in the following order for open discussion and decision-making in the State Great Khural. By completing the cross-border connection project of the Gashuunsukhait-Ganqimod port, which was stuck at the negotiation stage for 18 years, the capacity of the ports can be doubled, coal transport increased by 40 million tons, and export revenues doubled. By initiating and implementing the construction of the Erdeneburen 90 MW hydroelectric plant, the western region's electricity needs will be fully met starting from 2027. By implementing the Mongolia-France joint uranium project, which has conducted exploration activities for 26 years, it would become a third neighbor investment project, potentially bringing $4.5 billion in tax revenues to the national budget. Implementing the projects for the construction of the Orkhon-Ongi and Kherlen-Egiin transfer pipelines in line with climate change and green transition will secure water supplies for population, livestock, industry, and mining in the Gobi region, revive Lake Ulaan, restore the ecosystem and biodiversity around the lake, and reduce desertification. Without watering the Gobi region, it is impossible to advance other major economic projects. By implementing the Tavan Tolgoi 450 MW thermal power plant project, which has been stuck at the negotiation stage for 10 years since 2013, it is possible to meet the electricity demands of the mining projects in the Oyu Tolgoi, Tavan Tolgoi, and other strategically important southern regions from domestic sources. By implementing the National Satellite Project, which would allow access to the internet from anywhere in Mongolia and provide IT services, 250,000 herder households could access services such as E-Mongolia, E-School, and E-Health. It will also lay the foundation for preparing for transitions in artificial intelligence and technology. Additionally, packages of projects for: - Processing industries - Renewable energy - Capital city infrastructure will be introduced to the State Great Khural for joint decision-making. To reiterate, the implementation of at least 5 out of these 14 projects will ensure the fiscal balance and currency reserves for the fiscal year 2025. In addition to making the exploration and licensing processes of mining resources transparent and supporting processing industries with tax policies, specific efforts have been included in the 2025 budget to diversify the economy, particularly focusing on agriculture, tourism, and the energy sector. To support investors, the private sector, and the business environment while increasing national productivity, the government plans to develop and submit to the State Great Khural 14 legal reform packages within the fiscal year 2025, focusing on: - Investment, business environment, procurement - Tax, fiscal expenditure reform - National wealth fund, state-owned company governance - National housing system, accumulative savings - Regional development - Development and governance of Ulaanbaatar city - Energy sector reforms - Green economy, green transition - Big data, AI-based digital transition - Legal reforms of civil service - Enhancing national resilience, risk management - Improving the issuance and utilization of mining licenses and economic efficiency We would like to thank Speaker of the State Great Khural Dashzeveg Amarbayasgalan and the esteemed members of the working groups established under the order of the Speaker to implement these fundamental legal reforms, and express the government’s commitment to working closely with you. Speaker of the State Great Khural, esteemed members, In order for us to achieve the goals set during our term, it is necessary to be brave in breaking away from the usual practice of spreading the budget and instead allocate the 2025 budget to expanding the economic infrastructure. Previously, Mongolia started an average of 450-500 new projects annually with budget investments, but the draft 2025 budget has allocated funds for 38 new infrastructure projects. While 7,000 km of roads were constructed over 21 years under the Millennium Road Development, 4,440 km of roads are planned to be built over the next 4 years, linking provincial centers and border ports by economic priority, with 2,100 km considered for next year’s budget. In support of diverse and subspecialized regions, the creation of 1,650 MW of new power sources and the expenses for a clean energy transition have been included. It is considered wise to fully solve the financial sources for completing 602 projects labeled as transitional and delayed due to insufficient social sector investments, thereby resolving issues related to construction quality. This will result in the opening of 90 schools, 62 kindergartens, 31 hospitals, 22 dormitories, 60 cultural and sports facilities, and 18 family and social protection facilities nationwide, increasing school capacity by 40,610 seats and adding 9,540 kindergarten places. Measures aim to target social services effectively and equitably toward citizens and social groups, with plans to increase pensions for the elderly, welfare pensions, and civil servant salaries by 6% in line with inflation starting January next year. Since housing is a guarantee of a secure life for citizens, the government plans to implement a national housing reform in connection with the national wealth fund accumulation fund, allocating MNT 1 trillion to subsidized mortgage loan financing, planning to include 13,000 citizens. Under the regional development reform, from 1992 to 2021, MNT 11.5 trillion was invested in Ulaanbaatar, but three times more investment is necessary by 2028. The government will present the general plan for Ulaanbaatar until 2040 to the State Great Khural within the current fiscal year, proposing projects such as: - Tunnel connecting the city to Khushig Valley - Cable-stayed bridge linking the city center with the tunnel - Tuul expressway - Terelj road development - 17.7 km "First metro line" from Tolgoit to Amgalan and support these projects with budgetary and other financial sources as part of the 2025 fiscal year measures. Speaker of the State Great Khural, esteemed members, The laws related to Mongolia's 2025 state budget, prepared by the government, have the consolidated budget indicators reflected as follows: - Total budgetary resources for 2025 – MNT 35.8 trillion - Current expenditure - MNT 24.5 trillion - Capital investment expenditure - MNT 4.3 trillion - Stabilization Fund - MNT 608.9 billion - National Wealth Fund - MNT 2.4 trillion expected. If we successfully implement the 2025 budget as planned: - Economic growth will reach 7-8% - Export revenues will reach $19.0 billion - Foreign exchange reserves will increase to $5.7 billion - Household real incomes will grow by an average of 15% - A favorable business environment will be created, increasing investments - 35,000 new jobs will be created. Speaker of the State Great Khural, esteemed members, I urge you to discuss and decide on the draft of Mongolia’s unified budget for 2025.

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Ulaanbaatar Properties Company Participates in “MinePro 2024” International Conference Representing the Real Estate Sector

Published: 2024-10-04 | Translated from: ikon.mn

The "Mining Week," the largest event in Mongolia's mining sector, which contributes 25% of the GDP, over 30% of the state budget, and 92% of export revenue, has expanded in recent years to include the "MinePro 2024" international mining exhibition and conference, now being held for the third year. This year’s international mining exhibition and conference stands out as it is being organized at the base of Taij Khairkhan mountain, 39 km from Ulaanbaatar city, and is notable for hosting over 400 international guests and representatives. Representatives from the mineral resources sector, which defines Mongolia’s economy, are gathering to ensure transparency and openness in the mining sector, and discuss future development and current issues with international investors at the "Mining Week 2024" event, where "Ulaanbaatar Properties" company is collaborating and participating by offering special promotions for office and housing projects to those in the mining sector. "Ulaanbaatar Properties" company has been operating since 2013 and has erected more than 10 international business-class towers in the central area of Ulaanbaatar city. The company studies the population density and the demand for housing in the capital and implements housing projects tailored to the needs of the people. The projects of this company are equipped with global brands and aim to create projects that quickly enter economic circulation with increasing value for users. The "River Castle" project being presented at the "MinePro 2024" event is located in a valuable location in the center of Ulaanbaatar city and is a complex project that encompasses sport, entertainment centers, and commercial services to meet all the needs of residents in one place. During the event, consumers visiting the Ulaanbaatar Properties booth will receive special discounts and promotions, and detailed information about the projects being implemented will be available. Dear customers, you are invited to visit the "Ulaanbaatar Properties" booth during the event. Date: October 2 to October 5, 2024 Location: Ulaanbaatar city, Nalaikh district, at the base of Taij Khairkhan Warning: Media organizations (including television, radio, social media, and websites) must cite the source (ikon.mn) when using our information in any form, whether in full or in part.

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Russia: Ulaanbaatar Railway Still Operating at a Loss, Mongolia Should Explore Subsidy Mechanisms

Published: 2024-10-04 | Translated from: gogo.mn

Secretary General of the Ministry of Road and Transport Development, S. Batbold, held an online meeting with Deputy Minister of Transport of Russia, Alexey Nikolaevich Shilo. In the context of the transport sector cooperation between Mongolia and Russia, they exchanged broad views on work in the sectors of rail, air, road, and maritime transport, and discussed solutions to some challenges facing the passenger transport sector, according to the Ministry of Road and Transport Development. At the beginning of the meeting, Russian Deputy Minister of Transport Alexey Nikolaevich Shilo provided information on economic indicators and statistics in the railway sector, as well as policies pursued by the government. He noted that Russian President V. Putin visited Mongolia last month at the invitation of President U. Khurelsukh. During the visit, they discussed the successful implementation of the long-term program for developing "Ulaanbaatar Railway" until 2030, which is a key expression of economic cooperation between the two countries, and also addressed some issues facing the railway sector. Additionally, "Ulaanbaatar Railway" is celebrating its 75th anniversary this year, and in anticipation of this, the Russian side resolved the issue of Japan's loan. Furthermore, the Russian shareholder handed over five new locomotives to "Ulaanbaatar Railway." In the railway sector, although cargo transportation turnover between the two countries has increased and the volume of freight carried by "Ulaanbaatar Railway" has increased compared to the same period last year, it has continued to operate at a loss, as in previous years. To offset these losses, it was suggested that Mongolia study the subsidy mechanism applied in many countries around the world. The program to establish an economic corridor to activate economic cooperation between Mongolia, Russia, and China is also being implemented. Within this framework, a trilateral meeting will be held to discuss the presentation of the feasibility study. Additionally, "Ulaanbaatar Railway" is aiming to transport 50 million tons of cargo by 2030. It was mentioned that there are many issues requiring discussion in the near future such as supporting the increase of rail transit cargo passing through the two countries, offsetting losses, enhancing investments in the railway sector, and upgrading rolling stock. The meeting was attended by Deputy Heads of the Department of State Policy and the Department of Foreign Projects and International Cooperation of "Russian Railways," as well as Delegated Deputy Heads and Deputy Head of the Department of Bilateral Cooperation of the Department of International Cooperation. During the meeting, the parties assessed and evaluated some issues in the transport sector discussed at the 18th regular meeting of the Mongolia-Russia Intergovernmental Commission, their implementation, and pending tasks that need to be addressed and resolved in the transport sector of the two countries. Secretary General of the Ministry of Road and Transport Development, S. Batbold, expressed satisfaction with the fact that the majority of issues discussed at the 18th regular meeting of the Mongolia-Russia Intergovernmental Commission have been fulfilled or are in the process of fulfillment. He noted that the volume of freight from "Ulaanbaatar Railway" increased by 2.8% compared to the same period last year, while the volume of transit container transportation from Russia to China via Mongolia increased by 12%. He also introduced the planned and completed works included in the 2024 plan of "Ulaanbaatar Railway." He called for attention and assistance with tasks related to road transport and civil aviation in the future. At the end of the meeting, the parties highlighted their confidence that the decisions made at this meeting will further strengthen the friendly relations and cooperation between our two countries and will be an important step in expanding mutually beneficial economic cooperation between the two nations.

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"Erdenes Tavantolgoi" Sold 12 Million Tons of Coal

Published: 2024-10-04 | Translated from: news.mn

In 2024, "Erdenes Tavantolgoi" JSC sold 12.2 million tons of coal through 36 separate market transactions. Specifically, "Erdenes Tavantolgoi" JSC sold 12.2 million tons of coal worth a total of 1.3 billion US dollars this year. This includes 2.9 million tons of coking coal valued at 465 million dollars, 7.3 million tons of 1/3 coking coal worth 767 million dollars, and 2.0 million tons of thermal coal worth 112 million dollars, with market transactions proceeding regularly and normally. "Erdenes Tavantolgoi" JSC has successfully organized a total of 101 electronic exchange trades from February 9, 2023, to date, and has traded 21.9 million tons of coal at border prices to China’s Ganqimaodu and Mandal ports, with a value of 2.6 billion US dollars. Of this, 8.5 million tons were coking coal, 10.3 million tons were 1/3 coking coal, and 3.1 million tons were thermal coal.

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"Electricity is produced at 285 MNT but sold at 140 MNT, resulting in significant losses"

Published: 2024-10-04 | Translated from: gogo.mn

The plenary session of the Autumn session of the State Great Khural discussed the draft resolution of the "Development Plan of Mongolia for 2025." The question and answer session, which began during the morning meeting, continued, with the members of the State Great Khural R. Batbold, D. Batbayar, and D. Jargalsaikhan raising questions related to the 2025 development plan of Mongolia concerning foreign loans and the registration of securities, the importance of revising energy prices and tariffs, the benefits of constructing additional power storage, the project to upgrade the Ulaanbaatar-Lun highway to four lanes, the processing factories for agricultural raw materials, and how to implement the regional development concept. Responses were received from government and working group members. Minister of Energy B. Choijilsuren mentioned that the energy sector is experiencing significant losses as electricity is produced at 285 MNT per unit and sold for about 140 MNT, causing debts to spiral out of control. He stated that during fluctuations in consumption, the technical capacity for importing electricity from Russia has reached its limit; therefore, a small-scale storage facility is planned to be built in Baganuur district for adjustments. Minister of Finance B. Javkhlan explained that government and local securities are accounted for in the state budget. He informed that when the capital city or local areas issue securities, the government grants permission and studies the matter through the Ministry of Finance. Minister of Food, Agriculture, and Light Industry J. Enkhbayar introduced the establishment of agricultural industrial parks in Ulaanbaatar, Emeelt, Darkhan-Uul, and Bayankhongor provinces. Meanwhile, Prime Minister L. Gantumur informed that the working group led by Deputy Prime Minister S. Amarsaikhan is working on developing the regional development program and urged members of the State Great Khural to cooperate and contribute to this program. Members of the State Great Khural L. Soronzonbold, G. Uyanga-Khishig, and D. Enkhtuvshin discussed the project to launch a national satellite, governance improvements for state-owned companies, issues related to mining exchanges and brokers, the costs of producing coke-chemical products and rebar, the policy support to increase foreign labor, and how to advance decentralization efforts, seeking clear responses from ministers on these broad topics. Additionally, members of the State Great Khural N. Batsumberel, M. Enkhtsetseg, L. Munkhbayasgalan, J. Zoljargal, M. Badamsuren, G. Damdinyam, S. Erdenebat, and D. Ganbat asked questions and expressed opinions on topics like air pollution, degradation of pasturelands, the health and compensation of residents in mining regions, labor safety and living environment security, minimum wage levels, and increasing the state's share in health insurance. Furthermore, inquiries were made about which ministry or government agency is to be relocated following the Ministry of Food, Agriculture, and Light Industry, whether there has been research on dissolving county seat villages, and the allocation of budgeted costs for air pollution reduction to support energy-efficient, innovative housing. Questions were also raised about the costs for extending infrastructure lines to new settlements in an environmentally friendly manner, supporting foreign and domestic investment in mineral extraction sectors through tax and other policies, continuing major stalled energy and infrastructure projects, ensuring sufficient and reliable resources, and then increasing prices and tariffs. Answers were obtained from the members of the government.

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N. Enkhbayar: There is Heavy State Involvement in the Economy

Published: 2024-10-04 | Translated from: gogo.mn

The joint session of the State Great Khural began at 10:00 AM, discussing the development plan for 2025. Subsequently, conclusions from the Audit Office and the Fiscal Stability Council were read and presented. The head of the Fiscal Stability Council, an organization under the State Great Khural, N. Enkhbayar stated, "There is heavy state involvement in the economy, and the revenue from the budget has been overly optimistically projected. It is important to ensure conditions for the Fiscal Stability Council to operate independently." The head of the MPP faction in the State Great Khural, L. Munkhbaatar, requested a five-day recess on the draft budget law for 2025. The procedure is mandated by the Law on Procedure of the State Great Khural, to discuss the draft state budget following the adoption of the government’s development plan for 2025. In accordance with this, the chairman of the State Great Khural granted a five-day recess to the MPP faction. The session of the State Great Khural concluded.

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Diplomacy

54 Types of Visas Can Now Be Applied for Online

Published: 2024-10-04 | Translated from: isee.mn

The Immigration Agency has organized a meeting about the "Digital Transformation of Mongolia's Immigration Sector," and now it is possible to apply for 54 types of visas online. Specifically, this development eliminates the time-consuming process where foreigners wishing to come to our country had to book and apply for visas traditionally at the embassies. Instead, the inviter of the foreign national can directly apply for their visa by accessing the online system at immigration.gov.mn. In other words, the process has shifted online for applying and receiving responses for visas in 54 categories, such as those coming to Mongolia for investment, employment, study, or family visits.

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Why Russia Needs Mongolia

Published: 2024-10-04 | Translated from: itoim.mn

On the international site Telanganatoday, an article titled "Opinion: Why Russia needs Mongolia" was published. Here is a summary of its content. A squadron of 20 horsemen dressed in ceremonial uniform resembling the personal guards of Genghis Khan held a ceremony outside the Mongolian Presidential Palace in Ulaanbaatar to pay tribute to Russian President Vladimir Putin. Putin visited Mongolia to commemorate the 85th anniversary of the joint victory against the Japanese at Khalkhin Gol, highlighting the importance of Mongolia to Russia. Mongolia is a signatory to the Rome Statute and a member of the International Criminal Court. Putin's visit, despite the International Criminal Court issuing an arrest warrant for him based on alleged war crimes in Ukraine, attracted significant attention from Western countries. The reason for Putin's visit was to enhance bilateral partnerships and discuss the Mongolian section of the "Power of Siberia 2" pipeline, also known as the Soyuz Vostok gas pipeline. This pipeline will play a crucial role in supplying 50 billion cubic meters of gas from Russia to China. However, the construction of this pipeline was not mentioned in the Mongolian government's 2024-2028 action program approved last month, leading to a delay in the project. During his visit, President Putin highlighted significant advancements in Russia-Mongolia relations, noting that bilateral trade had increased by 21% in the first seven months of 2024. Since the 2010s, Russia's interest in moving east has grown, making Mongolia a strategically important partner. Both countries reaffirmed their commitment to advancing the Mongolia-Russia-China economic corridor, a key component of China's Belt and Road Initiative. Russia also expressed interest in cooperating within the Eurasian partnership and Mongolia’s Steppe Route. Several key agreements were signed during the visit, including the restoration of Ulaanbaatar's thermal power plant 3, agreements on the supply of petroleum products and aviation fuel, and a memorandum of understanding aimed at protecting Lake Baikal. Moscow has been working on a new route to the east to reduce its dependence on the European market. This initiative was evident in the Yakutsk-Khabarovsk-Vladivostok pipeline plan, known as Power of Siberia, introduced in 2012. The Power of Siberia pipeline is intended to transport natural gas from Kovyktinskoye. The pipeline will extend to the Chayanda field in Yakutia, Russia, and from there, gas will continue through the Heihe-Shanghai pipeline operated by China National Petroleum Corporation. During Prime Minister Dmitry Medvedev’s visit to Mongolia in 2019, the Power of Siberia 2 pipeline, previously known as the Altai pipeline, was first announced. A memorandum of understanding was signed between Mongolia and Gazprom to assess the pipeline’s feasibility. By the summer of 2020, Gazprom began design and survey work on Power of Siberia 2 (POS-2). In January 2022, feasibility studies were completed, outlining the initial route of the pipeline, including an entry point into Mongolia. In July 2022, Mongolia’s Prime Minister, L. Oyun-Erdene, stated that construction of the Soyuz Vostok gas pipeline might begin in 2024. However, the removal of the pipeline from Mongolia’s national program raised concerns in Russia. Initially, the Power of Siberia 2 program did not include a provision for domestic Mongolian consumers, but during the visit, President Putin expressed support for supplying Mongolia with natural gas and aiding its gasification efforts. A week later, during the Eastern Economic Forum in Vladivostok, Irkutsk Governor Igor Kobzev announced that an environmental assessment of the project had begun. Putin's visit and the signed agreements dispelled rumors about the stalling of the Power of Siberia 2 pipeline. However, since Russia and China have not finalized agreements on gas pricing, construction cost sharing, and other matters, the construction may be delayed. Putin’s visit to Mongolia was beneficial for both Moscow and Ulaanbaatar. For Moscow, market restrictions due to sanctions imposed on Russia have made Mongolia a new emerging market. For Mongolia, increased Russian investment and collaboration between the two countries have created a more competitive market, reducing dependence on Chinese exports. The Belt and Road Initiative is crucial for Mongolia as it aims to bring the relatively isolated city of Ulaanbaatar out of seclusion. Increasing China-Mongolia relations have raised concerns in Mongolia about potential Chinese monopoly. Putin’s visit might have laid the groundwork for expanding Russia-Mongolia cooperation.

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Infrastructure

Japan to Provide 1.5 Billion Yen to Improve Railway Freight Transport

Published: 2024-10-04 | Translated from: gogo.mn

With the grant aid from the Government of Japan, the "Railway Freight Transport Improvement Project" and "Project to Supply Educational Equipment to the Chinggis Khan National Museum" will be implemented. Ambassador M. Igavahara and Minister of Finance B. Javkhlan signed the exchange note. This assistance will implement the "Railway Freight Transport Improvement Project" with a budget of 1 billion 560 million yen. The project aims to improve the operation of the transshipment facility at Zamiin-Uud by building additional freight platforms and supplying equipment such as container lifters. It will also supply rails and rail fasteners for the sharp turns on the railway line from Zamiin-Uud to Ulaanbaatar. As a result, the transshipment capacity will increase, and the safety of freight transportation will improve. The Ministry of Roads and Transportation of Mongolia will be responsible for this project. The "Project to Supply Educational Equipment to the Chinggis Khan National Museum" will be implemented with a cultural grant of 97.5 million yen. This project will provide equipment to improve the museum’s exhibits and usage, enhancing knowledge for people with disabilities, children and youth from remote rural areas, and adults. The equipment will include items such as headpointers, electric wheelchairs, and braille printers for people with disabilities, and a package of 360-degree rotating cameras, 3D camera packages, VR devices, and live broadcast cameras for distance education. JICA will implement this project, and the Ministry of Culture, Sports, Tourism, and Youth of Mongolia will be responsible for it. Ambassador M. Igavahara and Minister of Finance B. Javkhlan signed the exchange note relating to the "Railway Freight Transport Improvement Project" and "Project to Supply Educational Equipment to the Chinggis Khan National Museum," implemented with the grant aid from the Government of Japan. The "Railway Freight Transport Improvement Project" will be implemented with 1 billion 560 million yen to improve the operation of the second transfer facility at Zamiin-Uud by constructing additional freight platforms and supplying equipment such as container lifters. Equipment like rails and rail fasteners for sharp turn sections of the railway line from Zamiin-Uud to Ulaanbaatar will be supplied. The result will be increased transshipment capacity and improved safety of freight transportation. The Ministry of Roads and Transportation of Mongolia will be responsible for the project. The "Project to Supply Educational Equipment to the Chinggis Khan National Museum" will be implemented with a cultural grant of 97.5 million yen, providing equipment to improve the museum’s exhibits and usage for people with disabilities, children and youth from remote rural areas, and adults. Equipment will include headpointers, electric wheelchairs, braille printers, 360-degree rotating camera packages, 3D camera packages, VR devices, and live broadcast cameras for distance education. JICA will implement this project, with the Ministry of Culture, Sports, Tourism, and Youth of Mongolia taking responsibility.

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International Open Tender for New Ring Road Consultancy Services to be Announced Next Week

Published: 2024-10-04 | Translated from: ikon.mn

Ulaanbaatar city's "New Ring Road" will span 88 km across six districts of the capital. It was decided to build this road through a public-private partnership, and this decision has been approved by the parliament and the government meeting. Currently, the terms of reference for consultancy services have been completed. An international open tender for consultancy services is set to be announced next week. The director of the unit implementing the integrated project to reduce traffic congestion in the capital Ulaanbaatar, U. Baatar, provided details regarding this. He mentioned, "Within the scope of efforts to reduce congestion in Ulaanbaatar, major projects will be implemented. As part of this effort, we have finalized the terms of reference for international consultancy services to engineer the 'New Ring Road.' We are ready to announce the international open tender next week." The construction of this new ring road is of great significance for reducing traffic congestion in the city, enhancing the transit capacity of international transportation, and increasing the speed of traffic flows. Additionally, it will be the first of its kind in Mongolia, connecting the sub-centers of Ulaanbaatar and becoming an intersection road of international standards. The "New Ring Road" will stretch 55 km in the north direction, from the intersection of the roads leading to Darkhan and the western provinces, branching towards Orbit-Nairamdal, passing through Bayankhoshuu, Khailaast, Chingeltei, Doloon Buudal, Dari Ekh, Tsagandavaa, and Uliastai roads, reaching Bayanzurkh bridge. In the southern direction, it will extend 33 km following the north bank of the Tuul River from the Bayanzurkh checkpoint. Furthermore, as part of the effort to reduce traffic congestion in Ulaanbaatar, the design for the Tuul Expressway is being updated, with plans to select a developer and start construction by 2025. The Tuul Expressway will also stretch 33 km. The initial design had a four-lane road, but with the updated design, it will become a six-lane road. Source: Press and Public Relations Department of the Capital City Administration Warning: Media organizations (TV, Radio, Social and Websites) should note that when using our information in any form, whether completely or partially, it must be credited (ikon.mn) as the source.

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Tender Announced to Select Contractor for Metro Construction

Published: 2024-10-04 | Translated from: unuudur.mn

A first phase tender to select a contractor for the construction and assembly of the "Ulaanbaatar City High-Capacity Public Transport Metro Construction" project was announced. A meeting of the project's working group was held, during which the technical specifications of the metro were approved and transferred to the Tender Evaluation Committee. The consulting services for this project are being handled by a consortium of four companies led by "Duhua Engineering," which participated in building the metro in Seoul, South Korea. The Ulaanbaatar metro line is expected to be approximately 17.7 kilometers long, running from Tolgoit to Amgalan. It will have a total of 14 stops, with the travel time estimated to be 27 minutes. The distance between stops is 1.3 kilometers. During peak hours, it is expected to have the capacity to transport 17,000 to 26,000 people per hour in one direction. The 14 metro stops are planned to be developed as commercial and service points. Construction is scheduled to begin in 2025, as reported by the capital's City Mayor's Office. According to the tender documents, the total estimated budget for building the metro in Ulaanbaatar is 4.5 trillion tugriks. Of this, an initial funding of 333 billion tugriks is planned to be allocated this year. Documents from participating business entities in the tender will be accepted until 11:00 AM on December 9 and will be opened for public information at 11:10.

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Society

The Embassy of the Republic of Korea in Mongolia Organized the "2024 Korean National Day" Event

Published: 2024-10-04 | Translated from: isee.mn

The Embassy of the Republic of Korea in Mongolia organized the commemorative event of the "Korean National Day". The event was attended by over 350 guests including N. Uchral, Minister and Chief of the Cabinet Secretariat of the Government of Mongolia, L. Enkh-Amgalan, Minister of Family, Labor and Social Protection, S. Odontuya, Minister of Environment and Climate Change, ambassadors from the United States, Japan, Czech Republic, China, India, Canada, Australia, Vietnam, Laos, and defense attachés, as well as representatives of the Korean community residing in Mongolia. N. Uchral, Chief of the Cabinet Secretariat of the Government of Mongolia, stated: “Since establishing diplomatic relations in 1990, the Republic of Korea and Mongolia have been developing comprehensive cooperation in various fields such as economy, trade, politics, and culture. In 2021, our bilateral relations advanced to the level of a ‘Strategic Partnership’, further invigorating the collaboration between the two nations. Next year marks the 35th anniversary of our diplomatic relations. As a neighboring country that managed to achieve economic development in a short period, the Republic of Korea is a reliable partner in Mongolia's economic development, and will continue to contribute to Mongolia identifying an optimal strategy for its economic growth.” Ambassador Extraordinary and Plenipotentiary Choi Jin-won from the Republic of Korea expressed: “Honorable N. Uchral, Chief of the Cabinet Secretariat of the Government of Mongolia, esteemed guests from the Government and the State Great Khural of Mongolia, heads of the diplomatic missions and international organizations in Mongolia, Korean nationals residing in Mongolia, and other distinguished guests, I express my heartfelt gratitude for dedicating your valuable time to join us in celebrating the National Day of the Republic of Korea today. This event not only commemorates ‘Gaecheonjeol’ or ‘National Foundation Day’, marking the day when the Korean forefather Dangun established a nation under the ideals of 'Hongik Ingan' for the benefit of humanity, but also celebrates the friendship between Korea and Mongolia. We are immensely delighted to celebrate this meaningful day with all of you. Since establishing diplomatic ties in 1990, the Republic of Korea and Mongolia have developed comprehensive cooperation in various sectors including economy, trade, politics, and culture. Our two countries are geographically close, share similar language, culture, and history, and hold common values such as freedom, democracy, human rights, and market economy. Above all, the citizens of our two countries hold a deep intellectual and spiritual connection. With the advancement of our relations to the level of a ‘Strategic Partnership’ in 2021, bilateral cooperation has grown more dynamic than ever before. High-level exchanges continue without interruption. For instance, Prime Minister L. Oyun-Erdene of Mongolia made an official visit to the Republic of Korea last year, followed by another visit in April this year. Meetings between the leaders and foreign ministers of the two countries during the United Nations General Assembly sessions last year and this year were also successful. Today, N. Uchral, who was the Minister of Digital Development and Communications, visited Korea, and in September, the Minister of Defense of Mongolia also visited Korea. Similarly, from the Korean side, the Minister of Interior and Safety, the Minister of Personnel Management, and the Governor of North Gyeongsang Province have made visits, indicating that the high-level relations and cooperation in various sectors are continuously expanding. Economic relations are also increasing significantly. The trade volume between the two countries was merely 2.7 million USD when diplomatic relations were established in 1990, but it has reached 540 million USD, a 200-fold increase. Upon the conclusion and ratification of the Korea-Mongolia Economic Partnership Agreement (EPA) currently being negotiated, it is expected that trade and investment between our countries will further increase. More than anything else, people-to-people exchanges, the main driving force of bilateral relations, are developing very actively. The number of Korean visitors to Mongolia reached 140,000 last year, and this year is expected to surpass that, setting a historical record. In a similar manner, the number of Mongolian visitors to Korea last year also reached 140,000, making the Republic of Korea the foreign country with the largest number of Mongolian residents. In addition, recently, the concerts of famous K-pop stars have been successfully held in Ulaanbaatar, and the number of Mongolian young people keenly interested in Korean culture such as K-pop, K-movies, and K-dramas is on the rise. Next year will mark the 35th anniversary of diplomatic relations between our two countries. Like a person who has moved past the energetic youth and reached the more mature and productive stage of life, we will achieve more tangible accomplishments. Recently, Mongolia is implementing its long-term development policy 'Vision-2050'. As a neighboring country that achieved economic development in a short period, the Republic of Korea will become a reliable partner for Mongolia’s economic development, contributing to defining optimal strategies for its growth. This will include cooperating in timely and practical joint projects that directly affect the people's lives and serve as a symbol of our relationship. The Embassy of the Republic of Korea in Mongolia will make every possible effort to build a bright future for Korea and Mongolia, being the closest partner among Mongolia's third neighbor countries. We ask for your continued attention and support. In conclusion, I once again express my deep gratitude to all of you who have come to celebrate the Republic of Korea’s National Day with us today.” This speech inaugurated the reception for the "Korean National Day-2024".

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Kh. Temuujin: It's time to stop infringing on citizens' fundamental rights by organizational regulations

Published: 2024-10-04 | Translated from: ikon.mn

Regarding the conclusion of the Constitutional Court, a first discussion on the draft law amending the Law on Police was held. According to the procedural proposal made by the Standing Committee, preparations for the final approval of the bill were decided. At this time, Member of Parliament Kh. Temuujin expressed his position regarding the bill. He stated, "The Constitutional Court concluded one clause in the Law on Police, on the basis that it restricts fundamental rights and freedoms of citizens and is applied in a way that deteriorates human rights. This rationale applies only to the Law on Police. Therefore, the Constitutional Court is addressing it, but there are many other organizations acting similarly without such laws. For example, the Anti-Corruption Authority, the General Executive Agency for Court Decisions, the General Authority for Border Protection, etc. Therefore, the Legal Standing Committee must address the issue professionally and stop the infringement upon citizens' fundamental rights by regulations of organizational heads or the General Prosecutor. The Constitution of Mongolia clearly states that 'citizens' rights and freedoms may only be restricted by grounds and procedures prescribed by law.' Yet, restrictions imposed by directives and regulations of organizational heads have persisted for 30 years. For example, the Customs organization conducts inspections, seizures, and temporary detention of a citizen's property based on regulations made by the head of the organization. Only the Police organization has such a law. Therefore, law enforcement operation laws are truly needed. Citizen's property, body, and residence are singular objects and should not be infringed upon arbitrarily by every organization according to their own perspective and regulations. There should be a single standard in the law. Hence, the Parliament should give a resolution, and the Legal Standing Committee should direct the government to introduce law enforcement operation laws. Regardless of which state organization, if they infringe upon a citizen's property, residence, or personal body, it should be done according to a single standard and procedure. When abroad, at an airport, customs officers inspect a person's body and belongings according to law enforcement laws. If drugs are found in a person's luggage, they must follow the standards of criminal procedure and use it as evidence. Activities like these are not conducted based on organizational regulations or other laws. Yet, our country has established a precedent for unlawfully infringing against citizens for 30 years. Not only should the Law on Police be amended. It's essential to introduce a law on law enforcement operations so that organizations like the Anti-Corruption Authority, the General Executive Agency for Court Decisions, the General Authority for Border Protection, and the Police operate under one law and one standard in infringing and restricting human rights. If there is a mistake, they should transition to a system where they are measured and held accountable according to this law. The current amendment to the Law on Police is merely a temporary arrangement," he said. Warning: Media organizations (Television, Radio, Social, and Web pages) should note that our information must be cited (source: ikon.mn) in full or partially when used in any form.

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Mongolian Teachers Earn Eight Times Less Than the Global Average

Published: 2024-10-04 | Translated from: news.mn

Mongolia celebrates the first week of October each year as Teachers' Day. UNESCO declared October 5 as "World Teachers' Day" in 1994, and it has been celebrated ever since. Since 2014, Mongolia has been celebrating this day in conjunction with Teachers' Day. This year marks the 28th World Teachers' Day and the 56th Mongolian Teachers' Day. According to the National Statistics Office, during the 2023-2024 academic year, a total of 54,200 teachers are working in educational institutions at all levels. Specifically, there are 28 children per teacher in preschool education institutions, and 21 children per teacher in general education schools. MINISTRY OF EDUCATION: ADDRESSING THE TEACHER SHORTAGE This year, reports of a nationwide teacher shortage have sparked societal debate. Measures aimed at addressing the shortage have drawn criticism. Education Minister P. Naranbayar, upon assuming his duties, stated, "To address the teacher shortage, we are considering granting teaching licenses to young people who have successfully graduated from good schools abroad and domestically through short-term training programs." As a result, the Ministry of Justice and Home Affairs registered and finalized procedures related to teaching certification on September 12. The approval of this procedure allows graduates who have completed higher education with high performance, both domestically and abroad, to receive short-term training and obtain teaching licenses, thereby solving the teacher shortage problem. In other words, the decision was made to train interested individuals in a 45-day course and grant them teaching licenses. The process for implementing this regulation is underway at the General Education Department. Specifically: - Graduates with a GPA of at least 2.7 from higher education institutions in mathematics, natural sciences, medicine, information communication technology, law, business, economics, art, and English, or students in their 3rd or 4th year of study with the same GPA, can participate in teaching certification courses. - For those wishing to work in kindergartens and general education schools, teaching certification courses will be organized in cooperation with professional organizations and teacher training universities. Individuals aspiring to teach in vocational or polytechnic colleges must complete competency-based training to obtain a teaching certificate. AVERAGE SALARY OF MONGOLIAN TEACHERS IS 2.4 MILLION TUGRIKS According to Resolution 241 of 2023, the base salary for general education school teachers is 1,273,000 tugriks, and the basic salary for kindergarten teachers is 1,337,000 tugriks. Additional increments are calculated from the base salary. - Professional level increments: Advisor - 20%, Senior - 15%, Methodologist - 10%, taken by 58-62% of teachers. - Doctorate degree increment - 20%, taken by 0.8% of teachers. - Locality increment: Province center - 8%, District center - 10%, taken by 58% of teachers. - Skill-based increment of 5-25%, taken by 21% of teachers, and a 1% increment for each year of state service, received by 88% of teachers. - Other increments: Class advisor - 10%, Head of methodological union - 5%, Responsible for cabinet/laboratory - 5%, Overtime - calculated as over 19 hours a week at 1.5% of the base salary. Additionally, performance and outcome bonuses have been introduced since 2022 based on six indices. - Index I (25%) - 947 teachers
- Index II (20%) - 2982 teachers
- Index III (15%) - 3351 teachers
- Index IV (10%) - 5016 teachers
Further increments will be increased to a maximum of 50% from the 2023-2024 academic year. In addition, teachers receive between 300,000 to 400,000 tugriks for practical teaching costs, 150,000 to 250,000 tugriks for information technology costs, 185,000 to 280,000 tugriks for development expenses, and 100,000 tugriks for health support. By 2024, the baseline salary for teachers will start at 1.8 million tugriks. Including all increments, over a thousand teachers are reported to earn salaries of up to 3.8 million tugriks. On average across the country, by 2024, general education school teachers will earn an estimated 2.4 million tugriks, while preschool teachers will earn about 2.3 million tugriks. The Ministry of Education and the teachers' union are discussing staged salary increases for the future. LUXEMBOURG OFFERS THE HIGHEST TEACHER SALARIES Teacher salaries are crucial in valuing their contribution to society and ensuring consistent quality education. Recognizing their importance with competitive salaries lays the foundation for social development. The OECD has listed the top 10 countries that emphasize this concept. These rankings are based on lower and middle school teacher salary averages. Luxembourg provides the highest salary for primary and middle school teachers, with an average annual salary of $64,500. This figure, from the OECD's reports, underscores the value Luxembourg places on educators. Some sources indicate that a bachelor's degree holder earns $70,300 in their first year. Not only are Luxembourg's teacher salaries the highest, but they're expected to rise by $20,000 to $31,000 over the next 10-15 years and reach $124,000 in 30 years. Germany: Teachers earn an average salary of $62,600. This reflects Germany's nonhesitant investment in its education system. Switzerland: With an average salary of $54,900, Switzerland ranks in the top three. Other sources report high school teacher salaries as reaching $73,600 annually, including bonuses and overtime. South Korea: Known for high education standards, South Korea offers an average teacher salary of $53,500. Canada: Esteeming a high-quality education system, Canadian teachers earn $51,200 on average. Netherlands: Ranking sixth, Dutch teacher salaries are a testament to paying appropriate wages in Europe, averaging $47,800. Australia: Australian teachers earn an average of $45,300. USA: Despite variances by state, the US ranks eighth in teacher salaries, with an average of $44,500. Ireland: Known for its strong, effective education system, Ireland offers an average salary of $43,600. Austria: Austrian teachers earn an average of $40,400.

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L.Enkh-Amgalan: Parasites who embezzle their parents' pensions will be imprisoned for six months to a year

Published: 2024-10-04 | Translated from: isee.mn

The Family, Labor, and Social Protection Minister L.Enkh-Amgalan has announced plans to introduce a legal regulation that will imprison individuals who embezzle their parents' pensions for six months to a year. He stated, "Parasites who embezzle their parents' pensions will be imprisoned for six months to a year." He also highlighted that 64% of the violence against the elderly is psychological, 47% is physical, 36% is economic violence, and 21% is neglect. According to a study presented by the Mongolian Elderly Association in 2020, only 0.1% of the elderly who took out pension loans spent it on themselves, while 20-30% used it to pay off debts, and the remaining proportion took out loans to help their children pay for education, housing, or car loans.

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Innovation

Mining experts to be trained in Mongolia

Published: 2024-10-04 | Translated from: ikon.mn

Rio Tinto Group, in collaboration with the University of Queensland in Australia, has established the "Southern Gobi Underground Mining Institute" (SGUMI). Foreign and domestic mining experts who enroll in the institute will have the opportunity to participate in practical training that meets international standards at the Oyu Tolgoi mine. In addition to conducting the institute's practice lessons within the mine complex, the Oyu Tolgoi company will fully provide flights between the Oyu Tolgoi mine and Ulaanbaatar, and accommodation for study and rest to the learners, while specialized mining experts will offer support and guidance. Over the past twenty years, the number of students studying mining engineering worldwide has significantly declined, leading to a shortage of highly skilled personnel. This underground mining practical training program aims to reduce the lack of skills in the sector and promote Mongolia's mining industry to the world. During the opening ceremony, Rio Tinto's director of Commercial and Business Development, Bold B., highlighted, "We are very pleased to be able to train the world's best mining professionals in Mongolia. The Rio Tinto group invested in Mongolia's future fifteen years ago and we are further strengthening our partnership for the coming decades." Additionally, Professor André van As, who led the project to establish this institute from the University of Queensland's Department of Underground Mining Geosciences, stated, "We will deliver a unique program encompassing international-level content and practical training in collaboration with industry experts. Through this, we aim to develop the knowledge and skills of Mongolia's underground mining sector and contribute positively, even if small, to the broad scope of addressing the global shortage of underground mining professionals. Our ultimate goal is for our learners to gain practical skills at the Oyu Tolgoi mine site and eventually become a center for mining education in Asia, providing many opportunities for Mongolia's mining industry, while also contributing to the global mining sector." The SGUMI training program will focus on foundational engineering content, such as underground mining, geotechnics, and mining engineering, and is being developed in cooperation with international experts in instructional design and delivery. Starting in 2026, the doors will open for both foreign and domestic mining companies to train their employees.

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Top Mining Professionals to be Trained in Mongolia

Published: 2024-10-04 | Translated from: itoim.mn

The "Rio Tinto" group has established the "Southern Gobi Depth Mining Institute" (SGDMI) in collaboration with Australia's leading Queensland University. By enrolling in this institute, both international and domestic mining professionals will have the opportunity to engage in practical training aligned with international standards at the Oyu Tolgoi mine. The "Oyu Tolgoi" company will not only conduct the institute's practical lessons at its mining complex but also fully provide students with flights between Oyu Tolgoi mine and Ulaanbaatar city, as well as learning and resting accommodations. Additionally, specialized mining experts will offer support and advice. Over the past twenty years, the number of students studying mining engineering worldwide has significantly declined, leading to a shortage of highly skilled personnel. By introducing this depth mining practical training program, the aim is to reduce the skill gap in the sector while also promoting Mongolia's mining industry on a global scale. At the inauguration ceremony, B. Bold, the Director of Trading and Business Development at Rio Tinto and initiator of this project, highlighted, "We are very pleased to be training the world's best mining professionals in Mongolia. The Rio Tinto group invested in the future of Mongolia 15 years ago. By doing so, we reaffirm our commitment to being a trusted partner for decades to come." Andre van As, the professor of Geosciences for Depth Mining at Queensland University who led the project to establish this institute, stated, "We are delivering a unique program that includes international-level content and practical training, in collaboration with industry experts. This not only aims to develop the knowledge and skills of Mongolia's depth mining sector but also to contribute positively, albeit modestly, to address the global shortage of depth mining personnel. We envision not only providing practical skills to our learners at the Oyu Tolgoi mine site but also aim to become a center of mining education in Asia. This will provide numerous opportunities for Mongolia’s mining sector and contribute to the global mining industry." The SGDMI's curriculum will focus on fundamental subjects such as depth mining, geotechnics, and mining engineering, with international experts collaborating on program development and delivery. From 2026, doors will open for both domestic and international mining companies to send their employees for training.

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Visit KHAAN Bank's booth and explore smart solutions to grow your business

Published: 2024-10-04 | Translated from: unuudur.mn

The Ministry of Industry and Mineral Resources and the Mongolian National Mining Association are jointly organizing the "Mining Week 2024 & MinePro 2024" event, which is supported by KHAAN Bank as a Gold sponsor. The "Mining Week" event has been held regularly since 2022 to promote Mongolia's mineral resources sector to foreign investors and attract investment. It is particularly important for presenting innovations in the mining sector and determining future trends. This year, the event is being organized on key topics such as critical minerals that are trending in the global mineral resources sector, responsible mining, industrialization, and mining finance. As KHAAN Bank provides banking and financial services to major representatives of the mining industry, it introduced several specific products and services during this event. For example, information was provided about factoring services, where the bank purchases receivables arising between suppliers and buyers to provide short-term financing to suppliers, and about the Corporate Gateway service, which allows client companies to connect their internal financial programs with the bank’s main system via API to quickly and efficiently access banking services through their own programs, with a booth in operation. Throughout the "Mining Week 2024 & MinePro 2024" event, which lasts a week, visit KHAAN Bank's booth to get detailed information on innovative products and services for entrepreneurs and expand your business. According to 2023 statistics, KHAAN Bank ranked second in the market by the total loans provided to large corporate enterprises and small and medium-sized businesses. In the first half of 2024, business loans make up 50% of the total loan portfolio. These figures show that KHAAN Bank is a bank that supports significant enterprises, production, and entrepreneurs, creating tangible economic growth and value. Collective growth prospers—KHAAN Bank.

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“Nomin Holding” LLC Joins the Ranks of the World’s Best by Using SAP S/4HANA System

Published: 2024-10-04 | Translated from: news.mn

“Nomin Holding” LLC, with a 32-year history, is implementing a project to introduce the world-leading SAP S/4HANA system to comprehensively manage its business operations and contribute to strengthening digital transformation in Mongolia. Through this project, the company has successfully introduced SAP S/4HANA Enterprise Management, SAP Customer Activity Repository, and SAP Process Integration systems as a first stage to its companies. Today, based on real data-driven decision making, integrated system infrastructure, proper business process organization, and data quality improvement, significant changes have been made in the organization's structure and operations. The company has already taken its 2nd quarter financial report from the system. Moreover, based on digital transformation solutions and innovation, the company continues to enhance the digital experience of its partners, customers, employees, and subsidiaries, perfecting collaboration and satisfaction. Going forward, by leading continuous business improvement, systems such as BW/4HANA Data Warehouse, Extended Warehouse Management, Advanced Transportation, Business Planning and Consolidation, and SAP Process Orchestration will be introduced, with the next phase of implementation for 12 companies starting soon. The company expresses gratitude to the NOMIN team for their active efforts in introducing the SAP S/4HANA system, localizing world-class experience within the company, and making valuable contributions to the company's development and progress.

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An AI-Based Robotic Surgery Training Center Opens

Published: 2024-10-04 | Translated from: gogo.mn

The team at the National Cancer Center (NCC) is continuously striving to bring their cancer care services up to global standards by introducing advanced technologies for diagnosis and treatment that are patient-friendly, highly effective, and minimally harmful. They are pleased to announce that they have made significant progress in these efforts. On October 3rd, the center inaugurated Mongolia’s first "ROBOTIC SURGERY TRAINING CENTER." Equipped with the Revo-i surgical robot from South Korea's Meere Company, which is based on artificial intelligence, this training center currently educates seven physicians specializing in liver, gallbladder, pancreas, head and neck, women's health, and general surgery. The opening ceremony was attended by Member of Parliament J. Chingburen, CEO of Meere Company Kim Jung Goo, NCC officials, and robotic surgery instructors. One of the outstanding advantages of robotic surgery is its ability to perform operations with very small incisions, aiding surgeons with AI-based guidance systems, instructions, and features designed to reduce human-related weaknesses, errors, and risks during surgery. Moreover, the conventional strain of surgeons having to bend over in full sterile attire for hours on end is alleviated, allowing them to work comfortably seated—an innovative solution offered by robotic surgery. Additionally, since the entire surgery process during robotic operations is visible on a large screen, it provides an excellent learning opportunity for other physicians, residents, and fellow doctors to view and study. As NCC aims to fully master this advanced technology, they have set an ambitious goal to commence real robotic surgeries a year from now. We wish them continued success. The team at the National Cancer Center (NCC) continues to work tirelessly to bring their services in line with global standards by implementing and localizing advanced diagnostic and treatment technologies that are patient-friendly, highly effective, and minimally harmful. On October 3rd, the center unveiled Mongolia's first "ROBOTIC SURGERY TRAINING CENTER." The training facility features the Revo-i robotic system from South Korea’s Meere Company that is AI-driven, with seven surgeons currently training in liver, gallbladder, pancreas, head and neck, women's health, and general surgery. At the inauguration ceremony were MP Jigjid'surengiin Chingburen, Meere Company CEO Kim Jung Goo, NCC leadership, and trainers in robotic surgery. The sophisticated capabilities of robotic surgery offer numerous advantages, including performing operations with minimal incisions. Surgeons benefit from AI-based guides and instructions, and configurations to minimize the drawbacks, errors, and risks dependent on the human factor during surgery. Instead of standing in full sterile clothing for extended operations, surgeons can now work comfortably seated—a revolutionary advancement in robotic surgery. Furthermore, since the entire procedure is displayed on a large screen during robotic surgeries, it provides full visibility for other doctors, residents, and fellows to learn and observe. NCC has set a big goal to begin real robotic surgeries a year from now, after fully mastering this advanced technology, and we wish them more successes ahead.

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"Nomin Holding" LLC Joins the Ranks of Global Leaders Using the SAP S/4HANA System

Published: 2024-10-04 | Translated from: ikon.mn

"Nomin Holding" LLC, with a 32-year history, is implementing a project to introduce the world's leading SAP S/4HANA system to comprehensively manage business operations and contribute to strengthening digital transformation in Mongolia. As part of this project, SAP S/4HANA Enterprise Management, SAP Customer Activity Repository, and SAP Process Integration systems have been adopted and successfully implemented in the initial phase companies. Today, we are making significant changes to our structure and operations based on solutions that rely on real data, integrated system infrastructure, proper organization of business processes, and improvements in data quality. We have obtained the financial reports for two quarters from the system. Additionally, we continue to enhance the digital experience of our company's partners, customers, employees, and branch companies by improving collaboration and satisfaction through solutions focused on digital transformation and innovation. Moving forward, we plan to pioneer continuous business improvement by introducing advanced systems such as BW/4HANA Data Warehouse, Extended Warehouse Management, Advanced Transportation, Business Planning and Consolidation, and SAP Process Orchestration. The next phase of implementation for 12 more companies is thus beginning. We express our gratitude to the NOMIN team for their active efforts in introducing the SAP S/4HANA system, embedding the best global practices into our company, and contributing valuable advancements to our company's development. Notice: Media organizations (Television, Radio, Social, and Web pages) should ensure to credit the source (ikon.mn) when using our information in full or part in any form.

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The Best Mining Experts to be Trained in Mongolia

Published: 2024-10-04 | Translated from: itoim.mn

Rio Tinto Group, in collaboration with the University of Queensland, a leading Australian university, has established the "Gobi Depths Mining Institute" (GDMI). By enrolling in this institute, both foreign and local mining professionals will have the opportunity to participate in practical training at Oyu Tolgoi mine, meeting international standards. The Oyu Tolgoi company will not only conduct practical lessons at the mining complex but also provide students with flights between the Oyu Tolgoi mine and Ulaanbaatar, accommodation, and rest facilities. Specialist support and guidance will also be offered by the mine's skilled personnel. In the past two decades, there has been a noticeable decline in the number of students studying mining engineering worldwide, leading to a shortage of highly skilled professionals. By implementing this underground mining practical training program, the aim is to reduce the skills gap in the industry while also promoting Mongolia's mining sector on the global stage. During the launch event, B. Bold, Rio Tinto's Director of Commercial and Business Development, who initiated the project, stated, "We are delighted to train the world's best mining specialists in Mongolia. Rio Tinto Group invested in Mongolia's future 15 years ago, and we are reaffirming our commitment to remain a trusted partner for decades to come." Furthermore, Andre van As, Professor of Underground Mining Geoscience at the University of Queensland and leader of the institute's establishment project, said, "We are delivering an unparalleled program, incorporating international-level content and practical training in collaboration with industry experts. This will not only enhance the knowledge and skills in Mongolia's underground mining sector but also positively impact the global shortage of mining professionals to some extent. Our goal is to equip our students with practical skills on the Oyu Tolgoi field while aspiring to become a center for mining education in Asia. This will provide numerous opportunities to Mongolia's mining professionals while contributing to the global mining industry." The GDMI training program will focus on core subjects in underground mining, geotechnics, and mining engineering, collaborating with international experts in curriculum development and delivery. Starting in 2026, doors will open for mining companies around the world to train their employees.

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Health

GSCCT to Conduct Joint Training and Surgeries with Japanese Hospitals

Published: 2024-10-04 | Translated from: gogo.mn

The director of the National Center for Traumatology and Orthopedics (GSCCT), E. Galbadrakh, met with doctors, directors, and specialists from Japanese trauma and orthopedic hospitals. Specifically, he met with Dr. Masanori Taki, director of Japan's "Seirei Hamamatsu" General Hospital; foot-ankle surgeon Myongsu Ha, chief physician and assistant professor of the orthopedics department of Nagoya University's Graduate School; and Dr. Naohiro Hio, director of the "East Maebashi" foot-ankle surgery center. During the meeting, they discussed GSCCT’s operations and services in detail, exchanged views on the latest diagnostic and treatment technologies, and outlined goals for future collaboration. These goals include mutual training and capacity building of trauma and orthopedic specialists at GSCCT and Japanese hospitals to enhance knowledge and experience. Additionally, they plan to conduct joint surgeries and treatments with Japanese doctors and scholars and engage in significant research studies on major injuries and rare cases of trauma and treatment methods. Besides the mentioned guests and delegates, doctors G. Badamgarav and Sh. Baasansuren from the adult surgery department of GSCCT and other officials participated in the meeting.

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By 2050, 10 million deaths per year are expected due to "super bacteria"

Published: 2024-10-04 | Translated from: unuudur.mn

The World Health Organization (WHO) has reported that improper use of drugs, particularly antibiotic resistance, has already become a threat to humanity. According to the organization's research, 3-4 out of every 100 people worldwide require medical assistance due to side effects from drugs. Most of these incidents are preventable and are caused by people's indiscriminate use of medication. The most dangerous issue is that many types of diseases have become resistant to antibiotics due to their widespread misuse, and they no longer respond to treatment. Internationally, medicines effective against antibiotic-resistant bacteria are becoming increasingly scarce, leading to complications and even death during chronic, acute illnesses, and surgical procedures. WHO refers to antibiotic-resistant bacteria as "super bacteria" and has warned that by 2050, deaths due to these bacteria will be the leading cause globally. Specifically, it is estimated that, on average, 10 million people will die each year due to the lack of effective antibiotic treatment against these bacteria. In our country, it has also been noted by doctors that improper drug use and antibiotic resistance are widely spread among the population. As a result, especially during organ transplant surgeries, several antibiotics fail to affect patients, leading to complications. Therefore, it is advised to use medication correctly and only under a doctor's supervision.

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The National Cancer Center Acquires a Robotic Surgeon

Published: 2024-10-04 | Translated from: unuudur.mn

Yesterday, the National Cancer Center (NCC) inaugurated a Robotic Surgery Training Center. The establishment of such a center lays the foundation for introducing robotic surgery treatments in our country. Specifically, doctors and specialists will study and practice 40-50 hours of lessons at this training center. After completing this, they will be granted the right to perform surgeries using the robotic surgeon. The first practical exercises on how to use the robotic surgeon and conduct surgeries took place yesterday with NCC doctors and specialists. It is planned that the robot will be introduced for treatment starting next year after the first group of doctors and specialists are trained and practiced. The robot has the advantage of performing surgeries without making large incisions on the abdominal wall, providing treatment with less pain and discomfort for patients. The surgery area can be viewed with very high precision and magnification, which sets it apart from ordinary laparoscopic surgeries. Additionally, the robotic surgeon reduces the risk of errors dependent on the doctor. This robot can be used for around 30 different types of surgeries. It should be noted that internationally, robotic surgery, backed by artificial intelligence, was introduced more than 10 years ago.

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Today's Stories

Politics

Economy

Diplomacy

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Society

Innovation

Health

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Innovation

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“Nomin Holding” LLC Joins the Ranks of the World’s Best by Using SAP S/4HANA System

An AI-Based Robotic Surgery Training Center Opens

"Nomin Holding" LLC Joins the Ranks of Global Leaders Using the SAP S/4HANA System

The Best Mining Experts to be Trained in Mongolia

Health

GSCCT to Conduct Joint Training and Surgeries with Japanese Hospitals

By 2050, 10 million deaths per year are expected due to "super bacteria"

The National Cancer Center Acquires a Robotic Surgeon

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