Oct 31, 2024 57 min read Daily News Summaries

Mongolia News Summary for October 31, 2024

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

Today's Stories

Politics

Government's Activity Program and Updates to be Presented Through a Unified Website

Published: 2024-10-30 | Translated from: ikon.mn

The government's 2024-2028 activity program will be made more accessible and publicized to citizens through the implementation of an AI-based chatbot, as introduced by the Chief Cabinet Secretary N. Uchral to the members of the government. They have been tasked with ensuring that information from the "Big Data-based Decision-Making Dashboard" is accessible to authorized officials in the parliament, agencies whose leadership is appointed by it, and government administrative organizations. Through the unified government website, information on the implementation and progress of the 2024-2028 activity program, as well as 14 mega-projects, will be presented, and citizens' feedback will be collected. An AI-based information guide is being trained and implemented for use. In addition, the 11-11 Citizen Communication Center's system will be equipped to automatically respond to repeated issues or previously resolved matters and to provide information and guidance on the operations of government organizations, based on artificial intelligence.

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Introducing the Decisions from the Government Meeting

Published: 2024-10-30 | Translated from: ikon.mn

We are introducing the decisions made in the government’s regular session. Today’s meeting covered: - The project of constructing a natural gas pipeline - The progress of building the oil refinery plant - The implementation of an AI-based chatbot to communicate and promote the government’s 2024-2028 action program to citizens - Issues related to 14 “mega” projects included in the government’s action plan, such as: - Gashuunsukhait-Gantsmod border crossing connection railway project - The selection of the management team for "Mongolian Stock Exchange" JSC Notice Media organizations (Television, Radio, Social and Web platforms) must cite ikon.mn as the source when using our information in any form, whether full or partial.

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Economy

TDB Officially Signs Long-Term Financing Agreement with US Development Finance Corporation

Published: 2024-10-30 | Translated from: montsame.mn

The Trade and Development Bank (TDB) of Mongolia officially signed a long-term financing agreement with the U.S. government's agency, the U.S. International Development Finance Corporation (DFC), on October 24, 2024, in New York City, USA. Mr. Scott Nathan, CEO of the DFC, and Mr. Randolph Koppa, Chairman of the Board of Directors of TDB, signed this long-term, concessional financing agreement on behalf of their respective parties. With the signing of this agreement, TDB has become the first financial institution in Mongolia to secure direct financing from the DFC. This financing will enable TDB to support micro, small, and medium enterprises and women entrepreneurs in Mongolia through loans, as well as combat climate change, ultimately contributing significantly to sustainable finance and development in Mongolia. TDB is actively working to raise long-term, concessional financing from the international markets in pursuit of its long-term goal of providing $2 billion in green financing to Mongolia's economy by 2030.

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The Executive Director and Management Team of the Mongolian Stock Exchange Will Be Selected Internationally

Published: 2024-10-30 | Translated from: ikon.mn

The selection process for the management team of the "Mongolian Stock Exchange" (MSE) JSC has been presented by Finance Minister B.Javkhlan to the members of the Government today. As the company's operations expand, there is an increasing need for international best practices and professional-level human resources. For the MSE, there are emerging market demands to upgrade the infrastructure system, expand the market, increase liquidity, enhance the efficiency and income of the company's operations based on international best practices, maintain sustainable growth, improve the quality of products and services, and keep infrastructure risks at an appropriate level. The selection for the executive director and management team will be organized by the company's board of directors. It is an opportunity to form a management team through an open international selection, which allows for the inclusion of experienced and competent human resources with international best practices. The invitation for the open selection will be published on the Stock Exchange's website within this year. To ensure broad participation, the selection announcement will also be made through both domestic and international news agencies, according to the Government's Press and Public Relations Office. Notice: Media outlets (Television, Radio, Social and Web pages) must cite their source (ikon.mn) when using our information in any form, either fully or partially.

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Minister T. Tuvaan Participates in "IMARC 2024" International Mining Conference in Australia

Published: 2024-10-30 | Translated from: isee.mn

The International Mining and Resources Conference (IMARC 2024) is officially underway in Sydney, Australia, marking its 11th year. This event brings together global leaders in the mining industry, sector experts, and stakeholders. Representing Mongolia, Minister of Industry and Mineral Resources T. Tuvaan, along with members of the Mongolian Parliament, executives from state-owned mining companies, representatives from the Mongolian National Mining Association, Ambassador D. Davaasuren, and Ms. Cathy Smith are participating in the conference. They will be introducing Mongolia's investment opportunities and legal environment, as well as providing updates on major projects being implemented. The opening discussions of the conference are centered around the theme "Building Value-Added Chains for Critical Minerals." This topic emphasizes the need to establish sustainable and reliable supply chains for essential minerals, which are crucial for accelerating green technology and energy transition. Taking place from October 29-31, the "IMARC 2024" event features participation from over 300 companies, including more than 90 mining companies, showcasing the latest updates and developments in the sector. Additionally, with over 9,000 attendees, the event offers a broad opportunity for discussions on the development of the sector and strengthening cooperation. Mongolia's active participation in the "IMARC 2024" event demonstrates its ambition to develop international partnerships and strengthen its position in the global mining industry.

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China is "coughing," is Mongolia ready for a crisis?!

Published: 2024-10-30 | Translated from: news.mn

For many years, Mongolia's exports were dependent on the whim of the governor of Bayannuur, while its imports rested on the tip of an official's pen in the city of Erlian. Although the borders may be open, Gashuunsukhait and Zamyn-Uud remain Mongolia's main "channels" for export and import. Despite Mongolia trading with 159 countries around the world, 90% of its exports and 36.8% of its imports are with China. Given the high reliance on Beijing, the troubles in President Xi Jinping's "ambition to achieve the great rejuvenation of the Chinese nation" will undoubtedly have a negative impact on Mongolia. The depreciation of property, rising debt levels, and prolonged lockdowns during the pandemic have posed risks to China's economic development. Especially Xi Jinping's grand ambition to surpass Uncle Sam and become the world's number one economic "power" has adversely affected the work and income of ordinary citizens, and the whole of China is no longer pleased with the policies of their leader. Due to the fall in the real estate sector, foreign investors are "fleeing" China's stock market. Losses in companies registered in Shanghai and Hong Kong have significantly increased. Although Chinese media report daily about the country's improving and expanding economy, it is clear that the government's measures are aimed at treating Beijing's "cold." China's GDP growth fell to 4.7% in the second quarter of 2024. In the first quarter, Beijing's economic growth was 5.3%. Over 60% of household assets are in property, making the decline in real estate the weak point of China's economy. Despite massive investments abroad, domestically, Xi Jinping's headache has been the many unoccupied properties. In local towns, 65 million apartments have become "ownerless" dead assets. Therefore, China's Central Bank has eased monetary policy and the government has established a fund to support the capital market, marking a shift towards stimulating the economy. Xi Jinping's ambition to transform the world's second-largest economy into the leading one and establish world order has brought the country to deflationary pressure, demographic crisis, and sharp tensions in international trade. Recent surveys show that Chinese citizens have become pessimistic about their future, which has greatly worried the country's authorities, as the number of protests and conflicts stemming from the economic crisis has increased, including both physical and online protests. For Mongolia, which relies on coal exports to sustain its economy, China's "cold" is very bad news. According to the theory that when a butterfly flaps its wings in the Amazon, a tsunami occurs in Japan, if China catches a cold, Mongolia will suffer severe complications. Mongolia's economy depends more directly on the conduct of China's leadership than on the global market. The delay of Mongolian cargo in Tianjin can be understood as an issue not pleasing the Chinese leader, which is perhaps not far from the truth. The bitter truth expressed by B. Tulga, head of the National Committee for Border Revival, is that "China will take 120-140 million tons of coal without any problem if the price is agreeable." Since we cannot sell coal beyond China, it becomes the plight of a small country to adjust to Beijing's whims, requiring both hardship and cunning. The real estate crisis in China poses a risk of a downturn in its steel production. If the steel industry declines, Mongolia's coal exports will fall as a consequence. Coking coal is the primary raw material for steel production, and most of Mongolia's coal exports are of this type. This year, the target is to export 78.1 million tons of coal, with 70% achieved in the first 9 months. Next year, 83.3 million tons are planned for export. However, bad news is that in 2023, the price of a ton of coal averaged $131, but it has decreased to $112 this year. Mining accounts for 90% of export revenue and 25% of total budget revenue, with about 90% of mining exports being coal. Falling coal export prices and a real estate crisis in China is bad news. Hence, let me ask the Minister of Economic Development L. Gantomor, Minister of Finance B. Javkhlan, and Minister of Mineral Resources Ts. Tuvaan: Do you have a risk plan in place?!

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B. Chojilsuren: MPs are Afraid to Speak the Truth. Electricity Price Increase will Raise Inflation by 2.8% /LIVE/

Published: 2024-10-30 | Translated from: isee.mn

The government discussed the issue of increasing electricity prices and reforming the sector at today's meeting. Raising electricity prices risks increasing the prices of many goods, materials, products, and services, leading to inflation. We sought clarification on this matter from the Minister of Energy, B. Chojilsuren. Minister of Energy B. Chojilsuren said, "Increasing the electricity price seems to raise inflation by approximately 2.5%. We produce electricity at 285 MNT but sell it for only 87 MNT. Our technology is outdated. There has long been talk about the money allocated to members of parliament from their constituencies. However, members themselves do not control this money; it is used only for work, projects, and activities within the district. There are 27 state-owned companies in the energy sector. In reality, this sector is continually struggling. There is nothing excessive being consumed. I am ready to be investigated myself. The Energy Regulatory Commission has faced unavoidable factors. The COVID pandemic emerged, and the opportunity to discuss raising the energy price was not available. Later, energy tariffs were raised. If this had not been done, our energy sector would not be in its current state," he said.

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"Mongolian Stock Exchange" JSC to Hold Open Selection for Management Team

Published: 2024-10-30 | Translated from: unuudur.mn

The Minister of Finance, B. Javkhlan, presented the Government members with information regarding the management team selection for "Mongolian Stock Exchange" JSC. As the company's operations expand, there is an increasing need for international best practices and human resources at a global professional level. For the Mongolian Stock Exchange, there are market demands to upgrade the infrastructure system, expand the market, increase liquidity, enhance operational efficiency and revenue based on international best practices, maintain sustainable growth, improve the quality of products and services, and keep infrastructure risks at an appropriate level. The company's board of directors will organize the announcement of open selections for an executive director and the management team. By selecting the company's management team through open international competition, there is an opportunity to build a human resource pool with international best practices and capabilities. The invitation for open selection will be published on the Stock Exchange's website within this year. To ensure broader participation, the announcement will also be made through domestic and international news agencies.

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SUKHBAATAR: A New Opportunity to Sell Local Producers' Products in Shiliin City

Published: 2024-10-30 | Translated from: montsame.mn

Business discussions were held between the electronic trading company “Zamch” in Shiliin City of the East Uzemchin County in Inner Mongolia Autonomous Region of China and the Chamber of Commerce and Industry of Sukhbaatar aimag. As a result, there is now an opportunity to regularly sell the products of local producers and beyond in the eastern aimags in this city. The company has been operating since 2017 and in addition to running an online trade platform, it has a large retail store under its own brand. It organizes exhibitions and trade fairs selling all kinds of goods from both Mongolia and China. In particular, the company is very interested in promoting and selling Mongolian products because tourists and people of East Uzemchin County are very interested in them. Thus, the Chamber of Commerce and Industry of Sukhbaatar aimag intends to cooperate with this company, representing producers of the region. To ensure success, Chairman B. Munkhbat has expressed his commitment to this cooperation. Sukhbaatar aimag’s Chamber of Commerce and Industry has 118 officially registered entities. Representatives of these entities participate twice a year in major exhibitions held in the neighboring country, promoting their products and facilitating sales.

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B. Purevdorj: There is theft in every sector, but the energy sector has exceptionally many thieves /LIVE/

Published: 2024-10-30 | Translated from: isee.mn

The issue of increasing electricity prices and implementing reforms in this sector was discussed at today's government meeting. By increasing energy prices, there is a risk of rising prices for many goods, materials, products, and services, leading to inflation. Therefore, we interviewed Deputy Speaker of the State Great Khural, B. Purevdorj, on this matter. He stated, "First, we need to resolve the issues of officials who live off the energy prices and the few companies that win the tenders. There are a few individuals who are repeatedly investigated by the Anti-Corruption Agency for energy-related consumption and usage issues. Additionally, instead of installing equipment that would operate without issues for 10 years, there are groups of people in the energy sector who install it for two years, then break and replace it. By increasing energy prices, it would only benefit those who live off this sector. Initially, we need to rid ourselves of these people. Even when prices are increased, subsidies will be provided to some extent. Therefore, it's urgent to eliminate corruption and bureaucracy first," he said.

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Due to the Pandemic, Inflation has Increased and the Energy Sector is in Deficit

Published: 2024-10-30 | Translated from: gogo.mn

Member of Parliament and Minister of Energy B. Choijilsuren provided the following information at the State Palace today: - The energy sector is 101 years old. Energy consumption has increased every year. Next year, it is necessary to add capacities similar to TEC2. A capacity shortage has occurred. Compared to our two neighbors, per capita electricity consumption in our country is half. Due to the pandemic, inflation has risen globally, and the energy sector has entered a deficit. The government strictly controls energy prices, yet costs are determined by market principles. Thus, a discrepancy has arisen. Electricity is produced at 285 tugriks and supplied at 216 tugriks. Our sector has faced two issues: financial and technical lag. Therefore, a large working group was established by the State Great Khural. We have specified what and how to do over the last three months. Although this issue was discussed long ago, it has not been implemented until now. We will initially bring prices closer to their cost. The state appoints directors of energy sector companies. Since some information from these companies is not transparent, they will be subjected to public oversight and turned into publicly traded companies. Power plants with capacities of 70 megawatts in Selenge aimag center and 50 megawatts in Zavkhan are under construction. The construction of the Dornod power plant will be completed this year. Compared to last year, new sources have been added. Russia is in talks to build a new source of 300 megawatts of electricity and 360 megawatts of thermal power at TEC3. Unfortunately, the cost of this project is high. The last increase in electricity prices was in 2022, after the pandemic. The tariff paid by the mining sector was set at 294 kW/hour. Now a calculation to increase household usage from 140 tugriks per kWh to 175 tugriks is underway. The Energy Regulatory Commission is an autonomous decision-making body. They will make decisions independently. Energy prices will be liberalized soon. If private enterprises enter this sector and create competition, prices may decrease. Prices are being raised first. Because achieving cost coverage will increase investment interest in this sector.

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Diplomacy

Claude Imoven: The Uranium Project is of Strategic Importance for Both Countries

Published: 2024-10-30 | Translated from: gogo.mn

A Mongolia-France business meeting was held today at the Mongolian National Chamber of Commerce and Industry (MNCCI). Claude Imoven, President of the Mongolia-France Business Council and Chairman of the Board of Orano Group, led the French business delegation in the meeting. He was asked about the uranium project and what steps should be prioritized for diversifying our country's economy. He stated that the uranium project is very crucial strategically for both countries. To implement the project, some amendments to the mining law are necessary. In this regard, numerous discussions should rightfully take place. However, he sees that this project is progressing very successfully. Regarding today's business meeting, he leads various French representatives from different sectors. Mongolia is a country rich in natural resources and has full potential to make significant strides in agriculture and the oil sector. After today's meeting, they are confident that new opportunities for collaboration will emerge. T. Düuren, Executive Director of MNCCI, mentioned that companies seem to have the expectation that a more favorable environment for exporting from Mongolia to France and Europe, and for business cooperation between the parties will be developed. Therefore, many came to participate in today’s meeting. From this year, MNCCI has started preparing to establish its first branch in Europe. This aims to attract French and European memberships and bring Mongolian-European businesses closer together. High-level major companies from the French side have arrived. This is an indication of Mongolia attracting their attention, and we cannot afford to miss this opportunity. Currently, trade between the two countries is imbalanced. Mongolia imports over 100 million dollars worth of products and exports 20-25 million dollars worth of products, most of which are limited to a few kinds of wool and mining products. We lack the concept of export financing. There isn't a system where we can give loans in tugriks for products to be exported, and when the currency returns, it is registered in the country. For diversifying our economy and increasing the average household income, the chamber sees this as a viable solution.

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Joint Declaration on the Development of Mongolia-Kazakhstan Strategic Partnership

Published: 2024-10-30 | Translated from: unuudur.mn

At the invitation of the President of Mongolia, U. Khurelsukh, the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, made a state visit. Official talks began when President K. Tokayev was formally welcomed at Sukhbaatar Square. During this visit, the parties assessed the achievements in their relationship over the past 30 years and exchanged views on bringing their traditional friendly relations to a new level, enriching their cooperation with economic content, while deepening international and regional cooperation. The heads of state announced the decision to elevate the traditional friendly relations between Mongolia and Kazakhstan to the level of a strategic partnership, which was the main outcome of the visit. As a result, the two sides agreed to expand and develop cooperation across all sectors of society, including politics, security, trade and economy, education, culture, science, information technology, transport, logistics, and tourism. President U. Khurelsukh said, "Our two countries have lived with a profound historical, cultural, and traditional connection since ancient times, as a people of felt tents in a brotherly relationship. I am grateful that during your state visit, we have made a historic decision together to further expand and elevate the traditional friendly relations and cooperation between Mongolia and Kazakhstan in our time." The development of traditional friendly relations between the two countries, based on respect for the principles of sovereignty, equality, territorial integrity, and other universally accepted norms of international law as per the UN Charter, is crucial for strengthening peace and ensuring sustainable development in Central Asia and the wider international community, agreed both parties.

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President Khurelsukh and President Tokayev Held Official Talks

Published: 2024-10-30 | Translated from: montsame.mn

Ulaanbaatar. At the invitation of the President of Mongolia, U. Khurelsukh, the President of the Republic of Kazakhstan, K. Tokayev, made a state visit to Mongolia during which the heads of state held official talks. The discussions took place in a friendly and warm atmosphere, as the parties reviewed the achievements of more than 30 years of relations, discussed developing cooperation further with new content, and expanding it across all sectors. In particular, they exchanged views on cooperation in fields such as transport, logistics, agriculture, education, culture, and tourism, as well as a wide range of issues regarding international and regional cooperation. President U. Khurelsukh emphasized that the two countries have a long-standing historical, cultural, and traditional bond as brotherly nations with nomadic cultures. Mongolia aims to strengthen the traditionally friendly relations it has with Central Asian countries, including Kazakhstan, and to develop mutually beneficial trade and economic cooperation. During this state visit, Kazakhstan expressed its happiness to be Mongolia's foremost 'Strategic Partner' in the Central Asian region, marking this as a significant event that initiates a new stage in their relations and cooperation. President K. Tokayev expressed heartfelt gratitude to the state, government, and people for warmly welcoming the Kazakh delegation and invited the President of Mongolia to visit Kazakhstan. He noted that Mongolia, with shared intellectual and cultural values, is an important neighbor in the region, and expressed a desire to strengthen the friendship and cooperation between their peoples. The heads of state emphasized that elevating their traditional friendly relations to a new level of 'Strategic Partnership' during this state visit will be inscribed in golden letters in the history of their relations and acts as an important impetus for enhancing cooperation. They agreed to intensify and expand cooperation across all sectors, including transport, agriculture, light industry, tourism, education, and culture, while focusing on developing the abundant resources in the agricultural sector of both countries, such as livestock and crop farming, and light and small-medium industries. They aimed to expand mutually beneficial trade and economic cooperation, increase bilateral trade turnover to 500 million USD, and diversify the range of exported and imported goods. There was an agreement to increase the supply of products such as wool, cashmere, and leather from Mongolia, and fruits, vegetables, rice, and wheat seeds from Kazakhstan. Additionally, the inaugural meeting of the Mongolia-Kazakhstan Business Council was held, with many business representatives participating, demonstrating a strong desire for joint business activities by establishing the council, as the heads of state noted with unanimous agreement. Recognizing that cooperation in the transport and logistics sector is crucial for developing economic cooperation, they welcomed the memorandum of understanding signed between the Ministry of Transport of Mongolia and the Ministry of Transport of the Republic of Kazakhstan. They agreed to tackle barriers in the transport sector, develop new transport and logistics routes, and work together to increase and maintain regular direct flights between Ulaanbaatar and Astana. Tourism holds an important place in their cooperation, so they agreed to strengthen cooperation between their tourism organizations, jointly organize tourism fairs and events, promote each country's attractions, and develop border and nomadic culture-based tourism. Both presidents agreed that cultural and educational relations are a key bridge connecting the peoples of both countries. They decided to expand cooperation in this field, particularly by supporting the development of Mongolian and Kazakh studies, preparing teachers and researchers in language, culture, and regional studies, and actively supporting exchange programs for youth and cooperation in physical education, sports, and cultural industries. The parties affirmed their intention to deepen cooperation on regional and international platforms, striving for enhanced collaboration within the framework of the United Nations and other international organizations. To contribute to global efforts in combating climate change, desertification, and protecting the environment, they agreed to align Mongolia’s 'One Billion Trees' national movement with Kazakhstan’s 'Two Billion Trees' project through joint forest sector initiatives. As a member of the International Think Tank for Landlocked Developing Countries based in Ulaanbaatar, Kazakhstan and Mongolia agreed to collaborate on policy development for landlocked developing countries, unify their positions, and intensify their relations and cooperation. As a result of the discussions, the parties signed a joint declaration on establishing a Strategic Partnership relationship between Mongolia and the Republic of Kazakhstan. Furthermore, documents were signed to strengthen the legal framework for bilateral relations and cooperation between the governments and organizations.

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The Relationship Between Two Countries Reaches the High Level of "Strategic Partnership"

Published: 2024-10-30 | Translated from: gogo.mn

The Chairman of the State Great Khural, D. Amarbayasgalan, met with the President of the Republic of Kazakhstan, K. Tokayev, who is on a state visit. At the beginning of the meeting, the Chairman of the State Great Khural expressed his pleasure that President K. Tokayev is making a state visit to Mongolia as the head of state of his country after 16 years. He noted that cooperation between the highest legislative bodies plays an important role in the relations between the two countries, and that the State Great Khural will continue to support efforts to elevate the Mongolia-Kazakhstan relationship to the level of a Strategic Partnership and to deepen mutually beneficial cooperation. President K. Tokayev emphasized that the traditional friendly relations between our two countries have consistently expanded and developed over the past 30 years, and have now deepened to a high level of "Strategic Partnership." He expressed his commitment to expanding and developing cooperation between the parliaments of Mongolia and Kazakhstan and to strengthening the friendship and camaraderie of the closely-linked peoples. Both sides confirmed their commitment to further expand and develop the "Strategic Partnership" relationship between the two countries, to support cooperation between the parliaments in all aspects, to strengthen the legal basis of the relationship, and to enhance exchanges and cooperation between the Friendship Groups and secretariats of the parliaments, as reported by the Press and Public Relations Office of the State Great Khural.

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Kazakhstan Becomes Mongolia's First "Strategic Partner" in Central Asia

Published: 2024-10-30 | Translated from: gogo.mn

Mongolia has designated Kazakhstan as its latest strategic partner, highlighting the economic achievements of Kazakhstan. Geographically, as well as in terms of economic relationships and socio-cultural ties, Kazakhstan is the closest Central Asian country to Mongolia. The President of the Republic of Kazakhstan made a state visit to Mongolia for the first time since 2008. During President Kassym-Jomart Kemelovich Tokayev's visit, it was announced that the relationship between the two countries had reached the level of a "Strategic Partnership," marking a significant development. Thus, for Mongolia, Kazakhstan becomes the first strategic partner from the Central Asian region and the sixth in the world, following the USA, Japan, South Korea, India, and Germany. Notable documents signed during the visit include: - An intergovernmental agreement to provide opportunities for Mongolian citizens working in Kazakhstan to establish and transfer pensions; - A memorandum of understanding to develop transportation between Mongolia and Kazakhstan and to improve the efficiency of road communications between the two countries; - A memorandum of understanding between ministries for cooperation in the field of nuclear energy; - An agreement to increase bilateral trade turnover to 500 million USD, including agreements for the supply of Mongolian wool, cashmere, and leather products. Being the largest economy in Central Asia, the Republic of Kazakhstan is a role model in the region for its progress in economic reforms, especially its policies attracting foreign investment. The country has set a strategic goal to attract foreign investments worth 150 billion USD from 2024 to 2029. According to recent reports, the amount of foreign direct investment made in Kazakhstan has exceeded 400 billion USD, as announced by President Kassym-Jomart Kemelovich Tokayev prior to his visit to Mongolia. Additionally, the European Bank for Reconstruction and Development, the largest professional investor in Central Asia, conducts the most extensive and longest-running operations in Kazakhstan, investing over 10 billion USD through 330 projects. Mongolian companies are also increasingly interested in expanding their businesses into Kazakhstan, due to its relatively large consumer base. For instance, "Investcore NBFI" JSC recently announced the launch of its subsidiary "Investcore Finance" operations in Kazakhstan. Since becoming a new leader, Kazakhstan has embarked on historic reforms in key economic sectors, one of them being energy. Known for leading the world in uranium production, Kazakhstan decided on a new nuclear power station via a nationwide referendum, winning the approval of 71% of voters. The state-owned "Kazatomprom" company is preparing for a shareholder vote next month on whether to enter a large agreement to supply uranium concentrate to China's nuclear energy sector. Kazakhstan is also pursuing extensive reforms to reduce state involvement in the economy, actively conducting open trades of shares of companies owned by the National Wealth Fund "Samruk-Kazyna." In February this year, Kazakhstan’s national air carrier "Air Astana" raised 120 million USD through an IPO, while the country's second-largest commercial bank "Bereke Bank" was acquired by Qatar-based "Lesha Bank."

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D. Bayarkhuu: No foreign country has intervened to disrupt Mongolia-France cooperation in nuclear energy

Published: 2024-10-30 | Translated from: ikon.mn

The current meeting of the Security and Foreign Policy Standing Committee of the State Great Khural is discussing the draft law on Nuclear Energy. In connection with the issue under discussion, Member of Parliament N. Batsumberel asked D. Bayarkhuu, a member of the working group and an expert in international relations, how other countries view the uranium mining project to be implemented in cooperation with the Republic of France. Researcher D. Bayarkhuu said, "Looking at the history of Mongolia-France relations, France has always been supportive of our independence, development, and reforms towards democracy. Currently, Mongolia has established strategic partnerships with eight countries. These countries have passed many criteria to reach this level. Furthermore, Mongolia has equal partnership relations with 17 countries. However, France, without going through these numerous stages, established a special privileged partnership with Mongolia in 2022. This is a great achievement of our foreign policy. As a result of reciprocal visits by the presidents of the two countries, France considered us a special privileged partner, and Mongolia considers France an important third partner. Therefore, we should cherish this relationship and use this golden opportunity. France's actual interest is to make a significant strategic investment and produce yellowcake. So, we should take advantage of this golden time. No foreign country has emerged to disturb or intervene in the cooperation between Mongolia and France in the nuclear energy sector. France is recognized globally as a major nuclear power and a permanent member of the Security Council. Therefore, it is the most appropriate action for France to cooperate with Mongolia in this field. If the cooperation between the two countries proceeds smoothly, Mongolia has the opportunity to gain the trust of many European nations," he answered. Warning: Please ensure to mention the source (ikon.mn) when using our information in any form, fully or partially, by media organizations (Television, Radio, Social Media, and Websites).

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Infrastructure

French Delegates Propose Collaboration to Diversify Public Transport and Reduce Traffic Congestion in Ulaanbaatar

Published: 2024-10-30 | Translated from: ikon.mn

Representatives from 15 sectors including agriculture, mining, transport, energy, services, and the State Investment Bank participated in discussions with the city mayor about potential collaborations. The Ambassador Extraordinary and Plenipotentiary from the French Republic to Mongolia, Corinne Péréra, expressed, "We discussed collaboration opportunities on major topics such as satellites, energy, uranium, urban transport, logistics. The meeting aimed to find a comprehensive solution to issues from both technical and economic perspectives." Mayor Kh. Nyambaatar stated, "French business representatives, leading not only in their country but globally in the industrial sector, have proposed collaborating with us on diversifying Ulaanbaatar's public transport and reducing road congestion. We also exchanged views on expanding economic relations between Mongolia and France, creating opportunities for major French companies to operate in Ulaanbaatar, and implementing infrastructure projects and programs under preferential loans from the French government." Additionally, the French company "POMA" is implementing the first line of the aerial transport project in Ulaanbaatar and has committed to completing the work according to the plan.

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Declared Five Goals Under the Energy Reform

Published: 2024-10-30 | Translated from: itoim.mn

The National Energy Committee announced issues related to reforming the energy sector. In the short term, they will change prices and tariffs, dismantle state monopolies. Member of the Government, Deputy Prime Minister T. Dorjhand stated, "The government has chosen to implement energy reform. Energy reform is not just about changing prices and tariffs. In simple terms, it is about transitioning from today's brown energy to green energy, transferring the state monopoly sector to the private sector, decentralizing the centralized system into a distributed infrastructure, and updating energy technology—all of these steps together form the comprehensive content of energy reform." The reform will continue in the short, medium, and long term. The aim is to become an energy exporting country in the long term. Mongolia is rich in energy resources, and it is appropriate to make the energy sector the second largest economic sector after mining. In the medium term, between 2024-2028, it is aimed for Mongolia to have an independent and sovereign energy system. Currently, 22-23% of total energy needs are imported from neighboring countries at high prices, and energy consumption is increasing by an average of 10% every year. In the short term, changes in prices and tariffs will begin. These changes will be implemented in a way that avoids putting pressure on citizens and businesses, based on international experience. As the country undergoes a comprehensive energy transition, structural changes will also be made. The issues of state monopoly in this sector will be addressed, and private sector participation will be ensured. An open and transparent system will be created to tackle corruption and inefficiency. More than 100 members of the State Great Hural (parliament) have expressed their support. Energy reform is starting today, with the National Energy Committee collaborating with representatives from the three parties forming the government, members of the State Great Hural, relevant NGOs, civil society organizations, and the business sector. Energy reform has been planned since 2001 but has not been fully implemented in the past 24 years. Member of the State Great Hural and Deputy Chair of the National Energy Committee, M. Enkhtsetseg highlighted that one important part of energy reform is legislative reform. The energy law adopted in 2001 marked the first energy reform, which had four objectives: First, to restructure the vertically integrated energy company into multiple companies for transmission, distribution, and production. Second, to establish the Energy Regulatory Commission to independently regulate prices and tariffs. Third, to increase private sector participation, eliminate bureaucracy, and develop a consumer-oriented sector. Fourth, to create competition to ensure the lowest possible prices in the market while delivering quality service to consumers—objectives that have not been achieved over the past 24 years. The sector is currently at a crisis peak, necessitating an update of energy laws and the implementation of Reform II. The goal is to revise the energy law in 2025 and implement the reform. Key goals include: 1. Creating competition on the production side.

Increasing private sector participation.
Updating the law to enhance the green transition.
Refining the vertically oriented management system.
Enhancing the independence of the Energy Regulatory Commission. A working group has been established by the order of the Speaker of the State Great Hural, and efforts have been underway to assess the situation over the past two weeks. Current general laws are often exceeded by many regulations in practice. There is confidence that this law will be significantly improved and that Energy Reform II will be successfully implemented. A lobby group for energy reform has been established with the support of 103 out of 126 members of the State Great Hural. This group is led by Member Tsenguun.

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Position: The Energy Sector is on the Brink of Disaster

Published: 2024-10-30 | Translated from: news.mn

The Government of Mongolia has established the "Subcommittee on Investment, Pricing Reform, and Mega Projects of the Energy Sector" as part of the energy sector reform. This subcommittee is led by Deputy Prime Minister K. Dorjkhands and plans to change energy prices and tariffs from November 1 this year. Here is a detailed analysis of the energy reform and pricing changes. IN THE SHORT TERM, IT IS NECESSARY TO INCREASE ELECTRICITY PRICES AND TARIFFS TO COVER COSTS Member of Parliament and Deputy Chair of the National Energy Committee, M. ENKHTSETSEG: - The energy sector is in a difficult situation. For many years, electricity tariffs have not covered costs, leading to debt accumulation, inability to upgrade equipment, lack of resources, loss of experienced engineers and technical staff, and being a hindrance to the social and economic development of the country. As Mongolia’s economy expands, the demand for electricity and heat for new consumers increases. However, factories and housing wanting to be built cannot be supplied with electricity and heat, and are on a waiting list for technical conditions. Although the Joint Government plans to implement major construction projects, they cannot be supplied with electricity and heat. Electricity consumption is growing by an average of 200 MW per year. However, it is not a real growth because many consumers lack sources, and the electricity transmission and distribution networks are overloaded, unable to connect to the central system and give technical conditions. If the planned construction projects that are set to connect start, the electricity demand is expected to grow by 300 to 400 MW per year. Although new electricity sources such as the 600 MW plant in Booroljuut and the 660 MW plant in Tuv aimag, Bayan sum are planned, they are not sufficient to meet the growing demand. Therefore, the energy sector must be developed ahead of demand using all available resources, government funds, foreign loans, private investment. It is necessary to quickly build low-capacity, low-investment distributed sources with the state budget to secure electricity and heat for remote aimags and sums, and implement high-capacity, high-investment projects using foreign loans, assistance, and private investment. The Energy Law was adopted in 2001, implementing reforms that had been carried out in over 150 countries worldwide. This reform aimed to break up the energy sector’s special structure into a horizontal form, create multiple companies as producers, transmitters, and distributors, establish a pricing and regulatory committee, increase private sector participation, and create competition. However, Mongolia has not implemented increasing private sector participation and competition. Therefore, it is important to renew the energy law, increase private sector participation, create competition, and implement green development goals. On increasing private participation, bureaucratic hurdles disappear, political dependence ends, profit and loss transparency improves, customer service quality improves, and competition establishes the lowest possible price in the market, according to global experience. We must aim in this direction. Politicians and the public have accepted adjusting electricity prices and tariffs to cover costs and channeling all investments into energy in the short term. The energy sector must use this favorable moment well, understand the issues, and attract more investment. Besides tariff reform, corporate governance must be improved Energy Analyst L. JAMBAA: - Aiming for energy tariff reform, today’s tariff system is distorted. First, electricity and heat prices in rural areas differ from those in Ulaanbaatar city. City residents pay 506 Tugriks for heating, while rural residents pay 2-3 times more. The cost for families in the ger district to buy pressed coal and wood for heating is about 2 million Tugriks per year. In contrast, residents of 50-square-meter apartments in the building district spend about 410,000 Tugriks per year for heating. Electricity is produced at 285 Tugriks, sold at around 215 Tugriks, resulting in a loss of 70 Tugriks. Heat is produced at 68,000 Tugriks, sold at 39,000 Tugriks, almost half of the production cost, to consumers in Ulaanbaatar city. These discrepancies have made pricing reform essential in the energy sector. Additionally, the state aims to transition from producing energy that consumers buy to a system where consumers produce renewable energy that the state buys. It is examining buying accumulated solar and wind power at the import cost from Russia. Also, introducing incentives for consumers who reduce power use during peak times is planned. These reforms will correct tariff system distortion, introducing many options depending on usage. Energy conservation policy will charge more for high usage and less for low—tariffs for low-income households will remain unchanged. Besides tariff reform, improving corporate governance in energy is needed. Over the next three years, installing about 430,000 smart meters will save nearly 134 billion Tugriks, shifting to savings mode. Energy reform includes tariff issues being just a part. Improving governance, increasing renewable energy use, adding green sources can stabilize future tariffs. This year, the energy sector expects 359 billion Tugriks in losses, accumulated debts reaching 1.8 trillion Tugriks. There is a debt network among coal mines, railways, transmission, and other companies. Resolving this requires financial support, but cannot be solved by tariffs alone. A comprehensive effort, based on detailed studies, is needed. Although the Energy Regulatory Commission independently decides the percentage of price increase, I believe it will base decisions on thorough studies. THE ENERGY SECTOR IS ON THE BRINK OF DISASTER AND MAY STOP ANYTIME Mongolian Consultant Engineer, PhD in Technical Sciences, G. YONDONKHAMBO: - The House of Energy Law of 2001 allowed "structural changes, commercialization, and privatization." However, changing the Energy Regulatory Authority from a Parliamentary to a Government body was a policy mistake. As a result, structural changes took place without much privatization, as energy pricing became a Prime Minister’s discretion, even an election tool, with parties promising "no price increase" in manifestos. Foreign and domestic investors avoid this unprofitable sector, so there is neither privatization nor new power source construction. Previously predicted peak overload now sees base capacity shortage, making it a national development hindrance. The sector, with 270 billion Tugriks annual losses, is on the brink of stopping entirely. Restrictions began in winter, heading back to frequent outages of the 1990s. The new parliamentary working group is discussing energy reform, and immediate pricing increase is urgent. The sector’s SOEs need to become public companies, and legal environment changes are necessary. Once prices cover costs, they must be indexed to inflation, exchange rates, and import electricity prices.

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Discussing Increases in Electricity and Heating Prices at the Government Meeting

Published: 2024-10-30 | Translated from: isee.mn

At today's government meeting, 12 issues are planned to be discussed and nine issues to be reviewed. Among them, the following topics will be discussed: the progress of the Oyu Tolgoi project, the project to build a natural gas pipeline, the progress of the construction of an oil refinery, the introduction of an AI-based chat bot to inform and promote the government's 2024-2028 action program to the public, the cross-border railway connection project "Gashuunsukhait-Gantsmod" among the 14 mega projects included in the government's action program, and the selection of the management team of "Mongolian Stock Exchange" JSC. These issues related to the 14 mega projects will be discussed. Additionally, there has been unofficial information circulating that from November 1st, the price of electricity will increase by 29.6% and the price of heating by 85%. However, today the government will make an official decision and present it regarding this matter.

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N.Budbayar: “Gashuunsukhait-Gantsmod” post is becoming our country's second largest exit, strategically important for economic expansion

Published: 2024-10-30 | Translated from: isee.mn

The “Century News” newspaper highlights the most in-demand, interesting personalities in its “Trending Guest” section. This time, we interviewed N.Budbayar, the Executive Director of “Tavantolgoi Railway” LLC. - It has been six years since “Tavantolgoi Railway” LLC was established. Let's start by discussing the conditions and reasons for setting up a state-owned railway company at that time. What is the main strategy of your company? - Currently, “Tavantolgoi Railway” company is operating in areas such as constructing and utilizing railway infrastructure, maintaining mobile infrastructure, and implementing projects related to railway transportation. The Parliament of Mongolia annually approves the main guidelines for the country's social and economic development. These guidelines have consistently included the construction of coal enrichment plants, power stations, power lines, railways, and roads based on the Tavantolgoi mine. In 2018, Parliament's resolution number 73 was approved to accelerate and develop activities at the Tavantolgoi mine. The Government issued a resolution the same year, stating the initiation of activities for the Tavantolgoi-Gashuunsukhait railway direction and the construction of supporting infrastructure for the project. Following these decisions from the authorities at various levels, the “Tavantolgoi Railway” company was established in connection with the Tavantolgoi mine group. The government also approved the decision to fund the project and how to implement it. Our company is 34% owned by “Mongolian Railway” JSC and 66% by “Erdenes Tavantolgoi” JSC. It is our duty to deliver coal, mineral resources, and products from the Tavantolgoi mine to the respective destinations. Delivering resources and increasing their value is one of the strategies for Mongolia's development. This is valuable work in itself. It is worth mentioning that railway issues have been discussed in our country for many years, especially regarding the Tavantolgoi-Gashuunsukhait railway, which dates back to the 2010s. These discussions have taken place ever since the Tavantolgoi and Ukhaa Khudag mines began their operations. Despite many ups and downs over the years, since 2018, developments based on the Tavantolgoi mine have generally stabilized and the operations have become consistent. A special license to own and utilize the railway base structure was granted to “Tavantolgoi Railway” company, and the construction work of the railway direction Tavantolgoi-Gashuunsukhait initially began. When we took over the work in 2023, the company had a loss of 1.7 billion MNT. By the first half of 2024, we achieved a total sales of 61 billion MNT and earned a net profit of 25 billion MNT. - Besides railway construction, you also provide transport services and deliver mineral products from the Tavantolgoi mine. How successful has this process been? - The “Tavantolgoi Railway” company was initially established to implement the railway construction project in the Tavantolgoi-Gashuunsukhait direction. “Erdenes Tavantolgoi” JSC is responsible for the project's funding. We have started transporting the minerals and products from the Tavantolgoi mine. Soon, with the railway connection established, our products should cross seamlessly through the Gashuunsukhait port to China, creating a second large exit route for both countries. The construction of the railway has currently reached the Gashuunsukhait port, where mineral transportation is ongoing. The counterpart buyer is China, and there is an opportunity to directly export. The government has issued an additional resolution during this period, establishing a transfer terminal at the Gashuunsukhait port. The products transported to the port are transferred from rail to road. This terminal, with an annual transfer capacity of 12.5 million tonnes, was commissioned this year. Currently, its operation has stabilized. The test transportation by the “Tavantolgoi Railway” company began in September 2022, with 260,000 tonnes transported in that year. In 2023, two million tonnes were transported, and by September 2024, three million tonnes were transported, showing a 2.5-fold increase compared to the previous year. There is potential for this volume to continue growing. Initially, the “Tavantolgoi Railway” company was the project implementer, but over time it has transitioned towards mainly participating in transportation. - The border connection issue has been discussed for many years, and there are many contentious matters. However, I heard that the governments have made agreements and the connection work is progressing positively. Could you elaborate on that? - The history is long. The issue of connecting the railways surfaced in political circles back in 2014. Now, more than a decade later, we are at the stage of connecting the borders. It's important to note that this work depends not only on our country. Intergovernmental talks and agreements take substantial time. Anyway, our country has brought the Tavantolgoi-Gashuunsukhait railway close to the border, thus making it fully possible to proceed with the connection work. Meanwhile, China has also brought their railway to the Gantsmod port. Thus, linking the two railways is critically important for exports as well as economic output. Our country has been paying close attention to increasing mineral exports. Once the border connection is made, significant progress in this direction is imminent. Therefore, the new government decided to implement 14 mega projects. Among the top priorities, they named the border connection railway development at the Gashuunsukhait-Gantsmod port. Connecting this railway could potentially increase Mongolia's GDP by 2-3%. To harness this potential, we have been developing the design documents for the border connection railway and economic feasibility studies over the past period. This laid the groundwork for intergovernmental agreements between the two countries. Representatives of related organizations have met, discussed, and reached understanding. Since assuming the role of Director at “Tavantolgoi Railway,” I have paid particular attention to this direction. On July 7, 2023, Parliament passed a resolution to intensify the border connection work. Subsequently, the Government issued a resolution in August 2023, forming relevant working groups, and on April 2, 2024, a successful agreement was made between the governments of China and Mongolia to bridge the boundary by an overpass structure. This intergovernmental agreement marked a major decision and push, elevating the border connection work to a new level. Now, the Gashuunsukhait-Gantsmod port has conditions fully prepared to bridge the border. The border connection operation is entirely handled by “Tavantolgoi Railway” from our side, and “China Energy” from the Chinese side. This year, construction work is planned to commence. - How long will the construction work take? What is the plan for the border connection and opening? I've heard about disputes relating to the crossing points. How was this resolved? - In the scope of the government's “New Revival” policy and within the framework of the “Border Crossings Revival,” the government meeting in August 2023 granted a five-year permit to “Tavantolgoi Railway” company to build and operate cross-border infrastructure at the Mongolia-China Gashuunsukhait-Gantsmod border. During this period, the project's designs reached 95% completion. Soon, agreements with relevant organizations will be made, followed by additional negotiations with the Chinese side. Being a cross-border development, achieving full understanding on all issues between the two countries is critical. Therefore, multi-faceted support and participation will be ensured. Our side is collaborating with the Ministry of Roads and Transport Development, the National Committee for Border Crossings Revival, “Erdenes Tavantolgoi” JSC, and customs departments. Based on preliminary conditions, construction and installation work is set to conclude within 24 months from its start, enabling the border connection. Regarding the crossing point discrepancy, the Chinese side built their railroad to the Gantsmod port in 2016. We constructed our railway from the north towards the south, within topographical constraints and based on engineering geodetic surveys. However, the Gashuunsukhait port is in a low-lying area, while the Chinese Gantsmod port is located on elevated terrain, causing elevation issues at the boundary connection. Consequently, following discussions between the two sides, it was agreed to construct the Gashuunsukhait-Gantsmod railway connection via an overpass. The overpass's design is underway. The point where the Chinese side's railway reaches the border is 32 meters higher than ours. Consequently, this project is a major, unprecedented mega project and an engineering feat for our country. - Conflicts with local residents and private sectors are sometimes inevitable. How is the local climate in your project area? - Problems exist in any job. However, by working with a professional team, we aim to overcome such challenges. Generally, I don't implement policies independently at the management level. I prioritize team decisions. Thus, as a project, policy mistakes are unlikely. Since the project is just starting, no issues have arisen yet. - The Government of Mongolia announced 14 mega projects to be completed by 2025. The border connection issue is prioritized at the top of these projects. How do you perceive the government's policy to advance large projects? - Mongolia is at a new juncture of development. The future of our country will be determined from this starting line. Therefore, seeking possibilities for further development and moving major projects by the Government is the most appropriate approach. Supporting this policy, our company is striving to implement the first major mega project. In 2021, the final crossing point for connecting the Gashuunsukhait-Gantsmod border post was determined. In August 2022, a memorandum was signed between the Ministry of Finance of Mongolia, the State Development and Reform Commission of China, and the Ministry of Roads and Transport Development of Mongolia. In February 2023, a memorandum was signed among “Tavantolgoi Railway” LLC, “China Energy International,” and “China Energy Baosheng Railway” companies. In April 2024, an intergovernmental agreement on cooperation in constructing a cross-border railway bridge was made. This is part of the significant focus during the Prime Minister of Mongolia's upcoming visit to China. Achieving agreement signifies a crucial step towards implementing the Gashuunsukhait-Gantsmod border post project, forming a second railway crossing between Mongolia and China that has been anticipated for over a decade. This construction will enable a transport capacity of 30-50 million tonnes annually and bolster economic turnover, promote sustainable development, and increase Mongolia's foreign trade, contributing significantly to regional cooperation. Of course, not all 14 mega projects are likely to be implemented and yield results in a short time. Time, effort, and financial concerns exist. However, the government's policy and planning are not merely a company's issue but relate to the fate of our country. Hence, declaring and implementing these projects is the right course. It's expected that Mongolia will achieve economic growth alongside these projects, ushering the country's development to a new stage. I believe extensive potential exists to successfully implement many projects and programs beyond the 14 projects. - How will “Tavantolgoi Railway” LLC work in the industrial sector? I'm asking because the era of exporting raw coal is ending. In other words, the world is losing interest in raw coal. Is there truth in this claim? - Our parent company is “Erdenes Tavantolgoi” JSC. Right now, our parent company is engaged in coal extraction, processing, and production. Coal exports have been increasing year by year. Sales have also increased, linked to the enactment of laws for trading coal over the stock exchange. Moreover, a processing plant is being built at the Tavantolgoi mine. It will soon be operational. Processed coal allows for exporting higher quality products. Problems related to coal transportation are also expected to be solved. The role of “Tavantolgoi Railway” company is to fulfill key responsibilities for exporting products from the Tavantolgoi mine group. Furthermore, the Tavantolgoi-Gashuunsukhait railway isn't solely dedicated to coal transport. Once the border connection railway construction is successfully completed, the future of “Tavantolgoi Railway” company looks promising. - Our country is bordered by two neighbors. Is your company mostly connected with the southern neighbor, or is there any cooperation with Russia? - In terms of foreign relations, our company is collaborating with certain countries similar to other companies in the railway sector. Our southern neighbor leads in railway technology and subsequent developments. There is much for us to learn from them. Historically, we used to solely purchase wagons and auxiliary materials from our northern neighbor. Presently, our company imported locomotives with 4,000 horsepower from the USA, enabling an increase in transport volume and productivity. In foreign relations, we pursue an open policy with third countries beyond just neighboring countries. In addition, we utilize innovative international products with high ratings in the conglomerate “Tavantolgoi-Gashuunsukhait” railway project. Besides the Gashuunsukhait-Gantsmod railway connection project, we’re conducting a preliminary economic study for the Tavantolgoi-Dalanzadgad-Shiveekhuren railway project, intending to transport freight via rail, based on Tavantolgoi’s coking coal mine, Nariinsukhait’s coal mine, and Oyu Tolgoi's copper deposit. - Regarding cross-border railway construction and operation, is there any upgrade to the moving stock park planned? - Within the project, we have introduced modern innovations and technologies, receiving a total of 811 wagons and 16 new-generation locomotives with 4,500 horsepower manufactured in the USA, and we are smoothly carrying out freight operations. We set a record in Mongolia’s railway freight history by transporting the longest composition with 106 wagons, and the heaviest train with a 9,000-ton load. Additionally, we commissioned a facility to transfer 12.5 million tonnes of freight annually. Trials are underway for a logistics center to load 20 million tonnes of coal annually from the Tavantolgoi deposit. The cross-border railway development at the Gashuunsukhait-Gantsmod port significantly contributes to the advancement of Mongolia's railway industry. A notable example is adopting rotary auto coupler wagons. Rotary auto coupler wagons are utilized in Western countries and China. The rotary auto coupler facilitates wagons entering coal unloading equipment (wagon dumper) without uncoupling from trains. Currently, when wagons enter coal dumping facilities in Mongolia and Russia, they must be uncoupled. This causes lengthy turnaround times for train transport. By using rotary auto couplers, the previous technology for decoupling and coupling wagons before entering coal unloading at the Chinese Gantsmod port is discarded in favor of the latest technological advancement. Consequently, it reduces turnaround time for train freight transport, significantly increasing the volume of coal exports. - What major projects, investments, and developments are planned for 2025 at “Tavantolgoi Railway” LLC? - We aim to implement major comprehensive projects nationwide—to rapidly, cost-effectively, and environmentally-friendly transport the nation's resources, mining exports, and imports via rail, creating added value in logistics services. We plan to launch projects aligned with this goal soon. These include preliminary economic studies for the Tavantolgoi-Dalanzadgad-Shiveekhuren railway project, besides the Gashuunsukhait-Gantsmod cross-border railway project. Additional projects such as establishing a Railcar Assembly Plant, initiating Passenger Transport Services, and developing a Logistics Complex are planned. - Have you been appointed as the executive director of “Tavantolgoi Railway” LLC for over a year? It's not easy to lead a state-owned company. Your predecessor faced a legal investigation. There indeed have been bitter stories. Were you apprehensive about taking on this role? What principles guide your work? - When I accepted this role, I wasn't afraid. I aimed to complete significant projects, initiate, and operationalize mega projects to see results. The decision to challenge myself was made. Over the past year, the execution of the Tavantolgoi-Gashuunsukhait railway reached 98%. Now, only minor tasks, like receiving equipment and locomotives, remain. Major development projects are under external audit oversight, and conclusions will be released soon. Building a railway isn't easy; it requires massive infrastructure and components. Professional engineers supervise built railways. Consequently, we are laying a foundation for trained engineers in railway construction and utilization. My next significant aim is to elevate “Tavantolgoi Railway” from handling railway infrastructure to being an internationally benchmarked company, skilled in planning large-scale railway projects within Mongolia's development policy context. That's our company's vision. By doing so, we aim to become a company that implements projects contributing significantly to our country's development. With modern innovations and technology, we smoothly carry out freight operations having received a total of 811 wagons and 16 locomotives with 4,500 horsepower, manufactured in the USA. Source: “Century News” newspaper

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Energy Sector's Loss Will Reach 203 Billion by the End of 2024

Published: 2024-10-30 | Translated from: unuudur.mn

Our country is unable to meet its energy consumption during peak load times. This winter, conditions were created to limit electricity in the capital by up to 80 MW during peak periods, as announced and implemented by sector leaders. To address the gap in the energy sector and improve management, the Energy Regulatory Commission proposed increasing electricity prices by 67% and heating prices by 28%. The sector minister also stated that "projections are being made to increase energy prices in the near future." Meanwhile, members of the Energy Commission's reform national committee suggest solving the issue not by raising electricity prices but by liberalizing them and aligning with costs. Further clarifying the differences in cooperation, roles, and partnerships between the public and private sectors in this field is important. It is said that by 2024, our country's energy sector will have a short-term debt of 539.6 billion and a long-term debt of 1.8 trillion tugriks. The loss, which was 59 billion tugriks in 2019, increased 1.6 times to reach 98 billion last year. By the end of this year, sector specialists predict a loss of 203 billion tugriks, 3.5 times more than five years ago. On average, 600 MW of electricity is required to implement just half of the 14 mega-projects proposed by the government. This means large infrastructure and development projects cannot start simultaneously since about 20% of the total energy consumption is currently met via imports. Therefore, experts and researchers in the sector emphasize the urgent need to solve basic issues, such as increasing energy sources and supply, upgrading equipment, and reforming management by liberalizing electricity prices.

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Oil Extracted from "Tsagaan Togoruu" Will Supply Dornogovi Oil Refinery

Published: 2024-10-30 | Translated from: isee.mn

The "Tsagaan Togoruu-1" oil field located in the "Matad-XX" site in Matad district, Dornod aimag, opened and began oil extraction. The "Matad-XX" site spans 10,340 square kilometers and stretches from the southwestern end of the Tamsag Basin in the Matad district of Dornod aimag to the territory of Erdentsagaan district in Sukhbaatar aimag. "Petromatad", the company that discovered the field, is a national company established with foreign investment, founded in 2005 at the initiative of Petrovis Company. Since its inception, "Petromatad" has invested approximately $120 million in the exploration sector of Mongolia's oil industry, conducting 2D seismic surveys over 1,800 linear kilometers, 3D surveys over 134 square kilometers, and drilling 14 exploratory wells. As a result, 8.7 million barrels or 1.1 million tons of proven oil reserves were registered in 2021, with the exploitation license obtained by the end of this year. However, the company could not commence extraction due to delays in local permissions, delaying operations until now. The opening of "Tsagaan Togoruu-1" field by "Petromatad" took place on the 15th of this month. During the event, S. Javkhlanbaatar, the State Secretary of the Ministry of Mining and Heavy Industry, noted, "Today, we witness the commencement of an oil extraction facility discovered by Mongolian engineers, geologists, and geophysicists themselves, owned by a national company." A plan has been outlined to extract 200 barrels of oil per day on a trial basis from the "Tsagaan Togoruu-1" well, and hydraulic fracturing operations and assembly of surface facilities have been completed. Additionally, according to official sources, "Our company currently employs 35 people. 'Petromatad' has had its 25-year exploitation plan approved by the Ministry of Mining and Heavy Industry. With the expansion of oil extraction activities, the oil processing production and technology park in Dornogovi aimag, currently under construction, will be supplied with oil. Until that construction is completed, we will export crude oil. Furthermore, Mongolia plans to meet 55% of its domestic oil demand internally." As a point of interest, "Petromatad" LLC was established in 2005 and entered the international capital market as the first Mongolian company to list shares on the London Stock Exchange in 2008, following its product sharing agreement in 2006.

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50 Billion Tugriks Allocated for Energy Reform in the State Budget

Published: 2024-10-30 | Translated from: ikon.mn

Deputy Prime Minister T. Dorjhand presented some resolutions made at the regular meeting of the government. During this time, he mentioned "Changing energy prices and tariffs to initiate a short-term strategy." In response to related questions from journalists, he gave the following answers: Journalist: What will the subsidies be like? Deputy Prime Minister T. Dorjhand: We will not impose burdens on households and businesses. All three parties are taking on a uniform load. For example, let's provide a certain amount of subsidies to low-income citizens next year from the state's budget investment, and resolve the issue without imposing any burden. An amount of 50 billion tugriks has been allocated for energy reform in the state budget. On the other hand, let's achieve savings by improving the efficiency of energy companies. Moreover, we aim to establish a green development bank and attract affordable resources from abroad and domestically, subsequently offering preferential loans to households. We are negotiating in an integrated manner to provide citizens opportunities to save energy by utilizing the assets of energy companies and international organizations to install meters and develop smart applications, allowing citizens to lower their consumption, adjust from 25-degree warmth daily, and conserve energy and heat. As for building a nuclear power plant, it is fully possible. Discussions are ongoing with the French Government concerning a uranium project within the framework of their concessional loan, and there is support from party factions. This is another energy source. Journalist: When, as you mentioned, will energy export occur? Deputy Prime Minister T. Dorjhand: Initially, we are focusing on a policy to gradually become self-sufficient in energy. We can fully accomplish this by 2028. It seems that the practical export of energy will commence from 2028. Private sectors are already commencing small-scale export efforts. We are meeting with investors interested in making significant investments and exports in Mongolia. They desire a clear policy, legal framework, and a politically stable environment. Therefore, if we amend the Energy Law and provide policy conditions, exporting energy will be entirely feasible. Notice Media entities (Television, Radio, Social, and Websites) must note that when using our information in any form, in whole or in part, they must always cite the source (ikon.mn).

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Special Bus Lane from Buyant-Ukhaa to City Center to be Established Next Year

Published: 2024-10-30 | Translated from: isee.mn

The second meeting of the National Committee for the 20-minute city was held yesterday, with Prime Minister L. Oyun-Erdene, First Deputy Prime Minister and Minister of Economy and Development L. Gantomor, and Minister of Mongolia and Chairman of the National Committee R. Erdeneburen in attendance. The committee members discussed and supported the first phase of the UBRT project, which is a special bus lane planned to be operational by 2025, and the "20/90" project aimed at improving traffic flow at the eight main intersections that cause congestion in Ulaanbaatar city. The first route of the UBRT project is planned to run from Buyant-Ukhaa through Yarmag to the city center. The Governor of the Capital City, Kh. Nyambaatar, introduced the progress of the "Metro Line-1" project, which will run for 17.7 km along Peace Avenue from Tolgoit to Amgalan, and the draft law proposing amendments to the Road Transport Law to urgently address the pressing issues causing traffic congestion. The National Committee is focusing on preparing for the implementation of the City and Village Legal Status Law starting from June 1, 2025, and developing major projects and programs that aim to make Ulaanbaatar city, as well as other cities and towns of national and local significance, human-friendly and accessible, with all government services available within 20 minutes, progressing towards becoming a green city. Prime Minister L. Oyun-Erdene emphasized the importance of the projects included in the 2024-2028 government action program and expressed confidence in their success, as well as the projects and programs presented at today's meeting, and urged tight cooperation between ministries and the capital city, as well as the coordination and involvement of the public and private sectors.

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B. Choijilsuren: By the middle of 2027, Mongolia will be able to fully supply its own energy

Published: 2024-10-30 | Translated from: ikon.mn

Minister of Energy B. Choijilsuren provided comprehensive information on issues arising in the sector, new sources of energy in the short term, and projects to be implemented in the future. He emphasized that by the middle of 2027, Mongolia will be able to fully supply its own energy. Minister B. Choijilsuren remarked, "The Mongolian energy system has a history of 102 years. In recent years, the energy system has faced complex difficulties. Firstly, energy consumption is growing by about 7 percent, and power capacity demand is growing by about 12 percent during winter peak load periods. Expressed in physical terms, the average annual increase in capacity exceeds 200 MW. This means that every year we have no choice but to put into operation a power plant equivalent to 'DCS 3.' In the coming years, there is a need to put into operation a capacity equivalent to possibly two 'DCS 3.' This growth will not decrease in the near future. Because we are lacking in capacity, we are unable to provide the desired technical conditions, yet such a level of growth is occurring. Since 2020, due to issues like COVID-19, the war between Russia and Ukraine, and resulting price increases, the energy sector has incurred losses. Since 1990, energy is one of the few sectors that has not been able to transition to market relations. Although the state sets the price for energy sales and implements it as a tariff nationwide, the costs are incurred at market prices. The short-term liabilities are 357 billion MNT, the losses of energy mines are around 80 billion MNT, and the amount of long-term liabilities is over 1 trillion 800 billion MNT. It is difficult to maintain financial stability. We produce electricity at 285 MNT and sell it at an average of 216 MNT, incurring losses as a result. We are facing combined technical and financial difficulties." "Compared to last year, we are connecting a new 300 MW source to the national grid in the winter of 2024-2025." In response to a journalist's question about how to increase sources to overcome energy dependency, he stated, "By 2027, Mongolia will fully overcome the power capacity shortage. We have commissioned the first 150 MW block of the 600 MW Booroljuutiin Power Plant. Next year, we will commission another 150 MW block. We have agreements with private investors to commission the third and fourth blocks by 2027 and 2028, with all stages of support. We laid the foundation for a 660 MW thermal power plant in Bayanuu district, Tuv aimag. This plant is expected to be operational by the second quarter before the Naadam Festival in 2027. A 70 MW thermal power plant is being constructed in the center of Selenge aimag, expected to be operational by the end of 2026. A 30 MW power plant invested by the private sector is being put into operation in Tosontsengel district, Zavkhan aimag. We are working to connect it to the central grid this winter according to schedule. There are four projects underway in the central region. Also, at 'TEC 2,' the Technical and Economic Feasibility Report (TEFR) for a 600 MW power plant has been prepared, with the first phase providing 300 MW of electricity and 395 MW of heat. Decisions are being made in consultation with the Scientific and Technological Council of the Ministry of Energy. At 'TEC 3,' the construction of a 300 MW electric and 360 MW thermal power plant with Russian export loans is being discussed, but negotiations are ongoing due to high costs. A draft intergovernmental agreement for project design will soon be submitted to the Parliament for approval. In general, by the middle of 2027, at Naadam, Mongolia will be capable of fully covering its energy needs domestically. Regarding the western energy system, all preparations for the Erdeneburen Hydropower Plant project are underway to commission it around Naadam in 2028. For the eastern region, the state commission accepted the 50 MW expansion of the Dornod power plant in June 2024. This year, the Dornod power plant expansion will supply energy at full capacity. This means that by the winter of 2024-2025, compared to last year, we are connecting a new 300 MW source to the system. This includes 150 MW from Booroljuutiin, 150 MW from Dornod, and, if necessary, it is likely to import about 80 MW of power from China. Necessary infrastructure and contractual works are being carried out," he concluded.

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Report: If One Furnace Stops, Light Goes Out for 100,000 Households

Published: 2024-10-30 | Translated from: news.mn

We prepared this report from Thermal Power Plant No. 3, which supplies 18% of Mongolia's electricity consumption, 40% of Ulaanbaatar's heating supply, and 80% of industrial technological steam use. The power plant operates with special licenses to produce and distribute electricity, supply electricity under regulation, and supply heat under regulation, with approximately 1,100 employees currently working. The Fuel Transport Department of the plant is responsible for receiving coal from the mine, monitoring its quantity and quality, unloading, storing, and continuously supplying the boilers with coal. The department is equipped with two wagon tippers that can unload 25-30 wagons per hour, 21 belt conveyors with a capacity of 180-900 tons per hour, four hammer crushers capable of crushing 250-600 tons of coal per hour, six feeders capable of 275-480 tons per hour, eight bulldozers, and an open storage area for 170,000 tons of coal. The working conditions are cool in temperature, dimly lit, and noisy. Additionally, the dust from the facility makes speaking and breathing difficult. The employees of the department work 12-hour shifts with a total of four shifts, since the operation directly distributes to consumers without the possibility of storing or waiting in a warehouse. This power plant has about 1,100 employees. However, due to working conditions and salary, an average of 150 employees resign each month. Additionally, there is a shortage of approximately 29 specialized staff, according to the plant’s management. According to a worker from the Fuel Transport Department, they earn around two million MNT per month based on increased productivity. Therefore, young people working in tough conditions find this to be the main reason for leaving the job. Most young people who leave are interested in working in private factories with better salaries and working conditions or in countries like South Korea, Australia, and Japan, where skilled workers in this field receive high pay and there is a shortage of human resources, making it easier to obtain visas. The next section we visited was the high-pressure boiler department of Thermal Power Plant No. 3. This department receives coal from the Fuel Transport Department, processes it through technology, burns it in the boiler’s firebox, and utilizes the thermal energy from coal combustion to process water at 100 atmospheres and 540 degrees Celsius to supply superheated steam to turbines. This department is equipped with seven steam generators of the BKZ-220-100-4C type, each with a capacity to process 220 tons of steam per hour at 100 atmospheres, and other auxiliary equipment. Burned fuel in the boiler, which is the product of coal dust combustion, the ash and slag, are transported and pumped to an ash pond with three Grant - 900/67 brand pumps having a capacity of 900 m3/hour. Barging services accumulate the transported ash and slag in the ash pond and return the settled water by soaking it in peace. The department has four D-500-65 brand pumps used for the settled water pump station, a mazut storage with three tanks of 1,000 m3 each to supply the boilers with mazut at a certain pressure and temperature as needed. The environment here is extremely hot, potentially reaching up to 1200 degrees depending on the area. Although there is potential to adapt to working in such harsh conditions, there is no guarantee of safety. There is always the danger of explosions because the plant has reached the end of its operational life but continues to operate by patching up to keep it running. In historical perspective, the foundation of Thermal Power Plant No. 3 was laid on December 3, 1966, and the first boiler was put into operation in 1968, beginning the distribution of thermal energy to government agencies and residential apartments in the capital city. However, it has continued to operate under its original conditions until today, seemingly ready to stop at any moment if a fire breaks out. Specifically, the 13 boilers and nine turbine generators have been operating for 40-54 years. Although the ninth turbine generator was renovated in 2015, the other eight turbines have been operating for more than 220,000 hours, showing readiness to stop at any time. This power plant remains in its state from 50 years ago, yet our demand has become more extravagant. Alongside this, energy usage has increased, reaching the point where it can no longer meet its demands. The plant's equipment has become outdated, leading to faults that force limitations. In the early 2000s, the boiler department operated with four boilers and three machines during the summer. Now, it can't operate with fewer than five boilers and four machines, showing how energy consumption has grown. However, it is a major danger that it can no longer fully satisfy this energy consumption. If one furnace stops, 100,000 households’ lights go out immediately. At such times, workers enter 50-70 degree hot furnaces to fix faults according to the workers of the boiler department. From this, we see that power plants producing energy have been operating beyond their capacity for over 50 years. However, the critical issue is what shall we do in the next 50 years? The government seems frightened by elections whenever energy price tariffs are set to change. The Energy Regulatory Commission is supposed to be an independent body, meaning it should make decisions based on the actual situation. On top of this, experts say that the sector needs to increase private ownership involvement. Furthermore, some citizens criticize the idea of increasing electricity tariffs. However, the real danger is close. The set patterns and measures that have been implemented are outdated in today's times. According to Mr. E. Tuvshinshuluun, Chairman of the Energy Regulatory Commission, "The final decision on how to increase electricity tariffs will be announced next Friday, and the most appropriate options are currently under discussion." The Joint Government should also pay special attention, otherwise, the energy sector is on the brink of collapse.

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Environment

SELENGE: A Plan to Adapt to Climate Change Will Be Developed

Published: 2024-10-30 | Translated from: montsame.mn

A meeting and discussion to support the development of a climate change adaptation plan is taking place in Selenge province. This activity is being organized by the provincial Governor's Office, the Center for Climate Change Research and Cooperation under the Ministry of Environment and Climate Change, and the Climate Change Adaptation Project. The meeting and discussion aim to increase the knowledge and information of public servants regarding climate change, eliminate misunderstandings, and provide information. Additionally, the meeting will introduce the state policy and planning concerning climate change, the results of the province's climate change risk and vulnerability assessment, and, based on these, practice developing a local climate change adaptation action plan. The main goal of the discussion is to build the capacity of government employees, to refine local planning for adapting to climate change, and to jointly develop a draft adaptation plan. The evaluation, which is based on data from meteorological and hydrological stations over more than 30 years, assessed how Selenge province is affected by climate change, which sector is more affected, and the conditions leading to this vulnerability. The evaluation is based not only on the Sukhbaatar station but also on the information from all possible stations in the province. Mongolia is one of the countries highly affected by global warming and temperature changes. Therefore, it is necessary to prioritize and implement climate change adaptation efforts, incorporate them into planning, and take action, as emphasized during the discussion.

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Water samples taken from the Tuul River and sent for detailed analysis

Published: 2024-10-30 | Translated from: montsame.mn

An interdisciplinary team composed of researchers from the Tuul River Basin Administration and the Industrial Technology Assessment and Pollution Research Department has collected water samples from four locations around the Tuul River: Biocombinat, Songin Am, Nisekh, and Sonsgolon Bridge. The team conducted on-site measurements of certain volatile compounds and physical parameters. This was due to reports from residents of Khan-Uul District indicating that wastewater from the Central Wastewater Treatment Plant is polluting the Tuul River and creating a foul odor that severely violates residents' rights to live in a healthy and safe environment. The team plans to compare the analysis results with standards, determine the quality, composition, and pollution level of the water at the sampled locations, and deliver conclusions and recommendations to relevant authorities, sharing the information with the public.

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Wastewater from the Central Treatment Plant pollutes the Tuul River

Published: 2024-10-30 | Translated from: news.mn

Citizens have reported that wastewater from the Central Treatment Plant is polluting the Tuul River, and that the odor resulting from the pollution is seriously violating the right of residents in the 10th and 12th khoroos of Khan-Uul District to live in a healthy and safe environment. In response, a joint working group has been established with the Environmental Research Center (ERC) in collaboration with the Tuul River Basin Administration. Specifically, a working group composed of researchers from the ERC's Department of Industrial Technology Assessment and Pollution Research took water samples from four locations along the Tuul River: Biocombinat, Songino Pass, Nisekh, and Sonsgolon Bridge. They measured and analyzed some volatile compounds and physical indicators on-site. The working group plans to compare the analysis results with standards and will send their conclusions and recommendations regarding the quality, composition, and pollution of the water at the sampled locations to relevant organizations, as well as inform the public.

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Innovation

Government to Implement AI-Based Information Navigator

Published: 2024-10-30 | Translated from: news.mn

Government to Implement AI-Based Information Navigator The regular meeting of the Government of Mongolia took place discussing and resolving several issues. The executive director and management team of the "Mongolia Stock Exchange" JSC will be selected through an open competition. The Minister of Finance, B. Javkhlan, introduced to the Cabinet members the selection process for the management team of the "Mongolia Stock Exchange" JSC. As the company's operations expand, there is an increasing demand for international best practices and professionals from the international level. For the MSE, there are market demands such as renewing infrastructure systems, expanding the market, increasing liquidity, enhancing operational efficiency and revenues based on international best practices to ensure sustainable growth, improving the quality of products and services, and maintaining infrastructure risks at an appropriate level. The representation and management board of the company will organize the announcement of the open competition for the executive director and management team. There is an opportunity to select the company's management team through an open international competition, bringing in international best practices and skilled human resources. The invitation for the open competition will be posted on the Stock Exchange's website within this year and will be announced through domestic and international information agencies to ensure broad participation. Government Introduces AI-Based Information Navigator The Minister and Chief of the Cabinet Secretariat of the Government of Mongolia, N. Uchral, introduced to the Cabinet members the plan to implement an AI-based chatbot to inform and publicize the government's action plans. A task has been given to facilitate the introduction of a "big data-based decision-support dashboard" to be made accessible to the Parliament, organizations led by it, and the relevant authorities of the government administration. The information on the implementation and progress of the government's program and 14 mega projects will be introduced via the government website, collecting public opinions and using AI-based information navigators. Additionally, utilizing AI, the public complaints and inquiries at the citizens' 11-11 center for repetitive and previously resolved issues will receive instant replies. It will also provide information and instructions about the operations of government organizations, enhancing public interaction with AI insights. Brief News: Regarding the joint construction of a cross-border railway at the "Gashuunsukhait-Gantsmod" border port, a request submitted by China's "China Energy Group" about cross-border railway development, coal trade, and increasing coal mine capacity was reviewed and introduced to the Parliament and Government. Necessary amendments to existing laws and parliamentary resolution No. 68 of 2023, and the preparation of a special law if required, are instructed to be completed by November this year by the Minister of Industry and Minerals Ts. Tuvaan and the Minister of Roads and Transportation B. Delgersaikhan.

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Implementing a project to improve electronic services

Published: 2024-10-30 | Translated from: montsame.mn

The Government of Mongolia and the United States Millennium Challenge Corporation have established a second compact agreement to promote economic growth and reduce poverty. Using the funds from the Mongolian Millennium Challenge Account, a program to increase water supply in Ulaanbaatar city is being implemented between 2021 and 2026. As part of this program, a meeting of stakeholders for the "Improving services provided to consumers by water supply and sewerage service providers" project was organized. The outcome of the meeting aims to improve the services provided to consumers by water supply and sewerage service providers to ensure the sustainability of the water sector, increase citizens' willingness to pay, and develop a comprehensive electronic system. The implementation of these systems is intended to simplify the daily activities of citizens, improve productivity, and allow private organizations operating in this field in the capital to provide services according to unified standards. It will also enable providing timely information to consumers related to household water usage, payments, water restrictions, and other services, according to the Information and Communications Technology Department of the Mayor's Office.

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The Government Begins Training and Implementing an AI-Based Information Platform

Published: 2024-10-30 | Translated from: montsame.mn

In order to effectively communicate and promote the government's 2024-2028 action program to the public, a chatbot powered by artificial intelligence is being introduced, as presented by Chief Cabinet Secretary N. Uchral at today's government meeting. This initiative aims to enable relevant officials of the State Great Khural and other state administrative bodies to access information from a dashboard that supports decision-making based on big data. It also seeks to provide the public with updates on the implementation and progress of the government's 2024-2028 program, including the 14 mega-projects outlined in it, through the unified state website, https://www.gov.mn/, and allow for public feedback and input. The government has been instructed to begin training and implementing this AI-based information platform. Furthermore, the Public Relations Center's 11-11 system will be enhanced with AI to facilitate direct responses to frequently asked questions and issues previously resolved, and to provide information and guidance on public services, as recommended by the ZGHMNKHG.

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An AI-based Information Guide is Trained and Implemented

Published: 2024-10-30 | Translated from: unuudur.mn

Mongolian Minister and Chief of the Cabinet Secretariat N. Uchral introduced the implementation of an artificial intelligence-based chatbot designed to inform and promote the government's 2024-2028 action program to citizens. She presented this innovation to the members of the Cabinet. It was instructed to make the "Big Data-based Decision Support Dashboard" information accessible to the State Great Hural, organizations appointing leaders from it, and relevant authorized officials of the state administration. The aim is to disseminate information about the government’s 2024-2028 action program and the implementation progress of the 14 mega-projects through the unified https://www.gov.mn/ portal, and to receive feedback and requests from citizens by training an AI-based information guide for practical use. Furthermore, it was suggested that using artificial intelligence to create a system capable of providing immediate responses to frequently asked or previously resolved issues, as well as offering operational information and instructions of government organizations through the Citizens and Public Relations 11-11 center's system, would be beneficial.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Environment

Innovation

Politics

Government's Activity Program and Updates to be Presented Through a Unified Website

Introducing the Decisions from the Government Meeting

Economy

TDB Officially Signs Long-Term Financing Agreement with US Development Finance Corporation

The Executive Director and Management Team of the Mongolian Stock Exchange Will Be Selected Internationally

Minister T. Tuvaan Participates in "IMARC 2024" International Mining Conference in Australia

China is "coughing," is Mongolia ready for a crisis?!

B. Chojilsuren: MPs are Afraid to Speak the Truth. Electricity Price Increase will Raise Inflation by 2.8% /LIVE/

"Mongolian Stock Exchange" JSC to Hold Open Selection for Management Team

SUKHBAATAR: A New Opportunity to Sell Local Producers' Products in Shiliin City

B. Purevdorj: There is theft in every sector, but the energy sector has exceptionally many thieves /LIVE/

Due to the Pandemic, Inflation has Increased and the Energy Sector is in Deficit

Diplomacy

Claude Imoven: The Uranium Project is of Strategic Importance for Both Countries

Joint Declaration on the Development of Mongolia-Kazakhstan Strategic Partnership

President Khurelsukh and President Tokayev Held Official Talks

The Relationship Between Two Countries Reaches the High Level of "Strategic Partnership"

Kazakhstan Becomes Mongolia's First "Strategic Partner" in Central Asia

D. Bayarkhuu: No foreign country has intervened to disrupt Mongolia-France cooperation in nuclear energy

Infrastructure

French Delegates Propose Collaboration to Diversify Public Transport and Reduce Traffic Congestion in Ulaanbaatar

Declared Five Goals Under the Energy Reform

Position: The Energy Sector is on the Brink of Disaster

Discussing Increases in Electricity and Heating Prices at the Government Meeting

N.Budbayar: “Gashuunsukhait-Gantsmod” post is becoming our country's second largest exit, strategically important for economic expansion

Energy Sector's Loss Will Reach 203 Billion by the End of 2024

Oil Extracted from "Tsagaan Togoruu" Will Supply Dornogovi Oil Refinery

50 Billion Tugriks Allocated for Energy Reform in the State Budget

Special Bus Lane from Buyant-Ukhaa to City Center to be Established Next Year

B. Choijilsuren: By the middle of 2027, Mongolia will be able to fully supply its own energy

Report: If One Furnace Stops, Light Goes Out for 100,000 Households

Environment

SELENGE: A Plan to Adapt to Climate Change Will Be Developed

Water samples taken from the Tuul River and sent for detailed analysis

Wastewater from the Central Treatment Plant pollutes the Tuul River

Innovation

Government to Implement AI-Based Information Navigator

Implementing a project to improve electronic services

The Government Begins Training and Implementing an AI-Based Information Platform

An AI-based Information Guide is Trained and Implemented

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