Economy
Erdenet Mining Corporation makes huge technical reforms for its 41st anniversary
Orkhon /MONTSAME/. Mongolian state-owned enterprise Erdenet Mining Corporation (EMC) celebrated the 41st anniversary on December 14, last Saturday. The EMC, one of the largest copper ore mining and processing factory opened on December 14, 1879 to export its first copper molybdenum to exports. 
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USA to give support for Mongolia on FATF compliance
Ulaanbaatar /MONTSAME/. On December 13, Governor of the Bank of Mongolia B.Lkhagvasuren met with Assistant Secretary for Terrorist Financing in the United States Department of the Treasury Marshall Billingslea. 
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Oyu Tolgoi announces Shaft 2 construction completion
Ulaanbaatar /MONTSAME/. On December 13, today, Oyu Tolgoi LLC celebrated the completion of Shaft 2 of the world-class OT underground project, which is a significant milestone for the project. 
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422.6 million pieces of securities traded at national stock market in the first 11 months
In the first 11 months of 2019, 422.6 million pieces of securities worth of MNT156.7 billion were traded at the national stock market, which was decreased by MNT 79.8 billion (33.7%) compared to the same period of previous year. The number of traded securities decreased by 89.9 million pieces (17.5%) compared to the same period of previous year.
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National currency in circulation shows 1.6 percent decrease at the end of November
The money supply (broad money or M2) reached MNT 20.4 trillion at the end of November 2019, showing a decrease of MNT 24.2 billion (0.1%) from the previous month, while it was increased by MNT 1.8 trillion (9.6%) from the same period of previous year.
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Revenue from railway transport increases by 15 percent
As of first 11 months of this year, 25.6 million tons of freight and duplicated number of 2.7 million passengers were carried by railroad transport. Compared with the same period of the previous year, the carried freight increased by 9.2 percent and number of carried passengers increased by 14.7 percent. Moreover, revenue from railway transport reached MNT 646.3 billion as of first 11 months of 2019 which shows the increase of 15.3 percent.
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Budget revenue amounted to MNT9.7 trillion
In the first 11 months of 2019, total equilibrated revenue and grants of the General government budget amounted to MNT 9.7 trillion and total expenditure and net lending amounted to MNT 9.2 trillion, resulting a surplus of MNT 486.7 billion in the equilibrated balance.
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Imports increase by USD53.5 mln against previous month
In the first 11 months of 2019, Mongolia traded with 150 countries from all over the world and total trade turnover reached USD 12.6 billion, of which USD 7.1 billion were exports and USD 5.6 billion were imports. 
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Sales of industrial production increase by MNT1.9 trillion in the first 11 months of 2019
In the first 11 months of 2019, the gross industrial output reached MNT 16.0 trillion, showing an increase of MNT 1.8 trillion (12.8%) from the same period of previous year. 
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Gobi Cashmere launches de.gobicashmere.com for the German customers
The Gobi Corporation, which introduces Mongolian cashmere products to the world, officially launched its online store (de.gobicashmere.com) for the German customers on December 6.
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One shaft of Asgat silver deposit opened up
Ulaanbaatar /MONTSAME/. A special license of exploitation of the Asgat silver deposit has been transferred to Erdenes Mongol LLC state owned company upon the government resolution of 16 January 2019. Now the company has been working to put the deposit into economic circulation, launching the collection of sampling and technical renovation works  in cooperation with the Mongolian emergency management officers. 
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10 Mongolian companies selected to export in the U.S. market
10 Mongolian companies that will export products to the U.S. market have been selected. 
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34.8 million tons of coal exported
According to first eleven months of 2019, Mongolia’s profit of coal export increased by USD 326.8 million dollars and profit of iron ore increased by USD 211.7 million which contributed the trade balance to be profitable. 
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Mongolia’s initiative for group of LLDCs in WTO introduced
S.Sukhbold, Ambassador and Permanent Representative of Mongolia to the United Nations took part in a session on trade facilitation held in New York on December 6.
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Tourism business owners of Mongolia and Turkey convene in Istanbul
A business forum for the Mongolia-Turkey tourism sector took place at Foreign Economic Relations Board of Turkey (DEİK) in Istanbul, Turkey on December 6.
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Mongolian delegates attending Silk Road business summit
The first Silk Road Business Summit is taking place in Zhangjiajie city, China.
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Meat exports to China to grow
Ulaanbaatar /MONTSAME/. An examination team on veterinary and quarantine of China is working in Mongolia this week to get familiarize with factories of heat processing meat for exports and hold talks with the Mongolian side on meat export growth.
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Business delegation of city of Oryol visiting Mongolia
Business delegation of the city of Oryol of the Russian Federation yesterday held a meeting with Mongolian business owners at Sky Plaza Center.
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Mongolia-Vietnam intergovernmental commission meeting held
On December 3-6, the 17th meeting of the Mongolia-Vietnam intergovernmental commission on trade, economic, scientific, and technical cooperation took place in Hanoi, Vietnam.
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Prime Minister meets Chairman of EEC Board
Prime Minister of Mongolia U.Khurelsukh met with Chairman of the Board of the Eurasian Economic Commission (EEC) Tigran Sargsyan in Moscow, Russia on December 4.
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PM: Mongolia Fully Trusts the Energy, Creativity, and Intellect of Its Youth 2 hours
Astana Hub and TON Foundation Join Forces to Support AI Startups 2 hours
Mongolian Athletes Shine at “Astana World Cup 2025” with Two Golds and 13-Medal Haul 3 hours
Russian Mongolist Scholar Anna Tsendina Awarded Honorary Doctorate 3 hours
Mongolia and Saudi Arabia Hold First Political Consultation in Riyadh 3 hours
80 Years On: Mongolia Remembers Its Pioneering Independence Referendum 3 hours
'UN Week’ Begins in Mongolia to Mark 80 Years of the United Nations 6 hours
Twelve Micro Parks to Be Built Across Eight Districts of Ulaanbaatar 6 hours
Official Launch of the Canada-Mongolia MERIT Project 6 hours
Mongolian Ambassador to Japan Calls for Cooperation with Central Provinces 7 hours
Constitutional Court to Rule on Legality of Prime Minister’s Dismissal 7 hours
Minister of Foreign Affairs Engages Hokkaido Delegation on Regional Policy and ‘Billions of Trees’ Initiative 7 hours
117 Million Trees Planted Nationwide Under ‘Billions of Trees’ Movement 7 hours
Mongolia Set to Launch Interim Population and Housing Census in 2025 1 day
Chinggis Khaan National Museum Unveils Newly Acquired Artifacts 1 day
1,973-Apartment Residential Complex to Be Built in Dambadarjaa Sub-Center 1 day
Mongolia to Host 15th Asia Tourism Forum in 2026 1 day
Mongolian Yokozuna Hoshoryu Wins Grand Sumo Tournament in London 1 day
Czech Investments in Mongolia Total USD 25.1 Million 1 day
President Khurelsukh Issues Veto on Prime Minister’s Dismissal Resolution 1 day
150 MW Second Unit of Buuruljuut Power Plant Begins Supplying Energy 1 day
‘Melody of Khuur, Tune of Khuumii’ Concert Held in Canada 1 day
Social Insurance Fund Revenue Increases by MNT 666.4 Billion 1 day
Mongolia, Czech Republic to Cooperate in Mega Projects 1 day
Foreign Employment in Mongolia Rises by 6,000 Compared to 2024 1 day
Moody’s Upgrades Mongolia’s Long-Term Issuer Rating to B1 with Stable Outlook 1 day
This Week in Mongolia 1 day
HAPPY 35TH ANNIVERSARY! 1 day
Parliament Accepts Resignation of Speaker Amarbayasgalan 4 days
Capital City Bans E-Bikes and Scooters for Winter 4 days
Ulaanbaatar to Build Mongolia’s First Waste-to-Energy Power Plant 4 days
Youtube
First-ever EU-Mongolia Business and Investment Forum Held 4 days
Parliament Votes to Relieve Prime Minister Zandanshatar of Duties 4 days
Mongolian Teacher Honored with Princess Maha Chakri Award 4 days
Mongolia-Czech Parliamentary Group Head Meets Deputy Speaker of Czech Senate 4 days
Hero of Labor Sodnompiljee Wins His Ninth World Championship Medal 4 days
Top-10 Finish for WIM Enkhrii at 2025 World Youth Chess Championships 4 days
‘Shuteen Torgon Zurag’ Exhibition Presents Wonders of Mongolian Painting 4 days
Mayor of Ulaanbaatar Authorized to Conclude Partnership Agreement for CHP-5 Project 4 days
Embassy of Mongolia Hosts Sumo Wrestlers Ahead of London Basho 2025 4 days
President Khurelsukh Uknaa’s State Visit to India Showcases Mongolian Artistic Heritage 4 days
‘Odyssey’ to Premiere at State Puppet Theatre 4 days
President of Mongolia Khurelsukh Ukhnaa Pays State Visit to the Republic of India 5 days
President of Mongolia Khurelsukh Ukhnaa Concludes State Visit to India 5 days
Over 150 Enterprises Attend India-Mongolia Business Forum 5 days
President of Mongolia Confers State Decorations on Indian Citizens 5 days
Cabinet Reviews Preparations for 2025–2026 Winter and Spring 5 days
President of Mongolia Receives Speaker of India’s Lower House Om Birla 5 days
Government Endorses Bill on Cooperation with Kazakhstan in Pension Matters 5 days
Two Young Mongolian Monks Return Home from Nepal’s ‘Nyanang Phelgyeling’ Monastery 5 days
Funding Resolved for Bagakhangai-Khushig Valley Branch Railway Project 5 days
Mongolia and India Deepen Energy and Mining Cooperation During Presidential Visit 5 days
Mongolia Joins International Solar Alliance Framework Agreement 5 days
Cabinet Approves Establishment of Public Online School 6 days
Mongolia to Join International Snow Leopard Trust 6 days
‘Transformation’ Exhibition Opens in Portugal 6 days
Mongolian Computational Mathematics Gains Global Recognition Through Springer Nature 6 days
Mongolia Plans to Decrease Tuberculosis Deaths by Five Percent 6 days
Javkhlan Bold: MNT 831 Billion Needed to Raise Salaries and Pensions of Teachers, Doctors, and Pensioners 6 days
Social Issues of Capital City Governor’s Office Employees to Be Addressed 6 days
Mongolian Women’s Table Tennis Team Qualifies for World Championships After Eight-Year Break 6 days
Trade and Development Bank Co-Organizes the “European Union – Mongolia Business and Investment Forum” 6 days
President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial 6 days
President Khurelsukh Ukhnaa Meets President Droupadi Murmu 6 days
Standing Committee on Budget Reviews Independent Oversight of State Finances 6 days
EIB Global Signs Memorandum of Understanding with Mongolia to Unlock Up To EUR 1 billion for Clean Energy Transition 6 days
Mongolia Sees Increase in Newborn Livestock Survival 6 days
President Khurelsukh Ukhnaa Holds Official Talks with Prime Minister Narendra Modi 6 days
Mongolia and India Sign Documents for Broader Cooperation 6 days
Artists from Khuvsgul Aimag Showcase Mongolian Cultural Heritage in South Korea 6 days
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