Month: November 2023

B.Lkhagvasuren achieves goal by honoring stablemaster with title

Ozeki Kirishima B.Lkhagvasuren said Monday that winning the Kyushu Grand Sumo Tournament under the name he inherited from his stablemaster made the victory extra special. The 27-year-old from Mongolia is on the path for promotion to sumo’s highest rank, yokozuna, after clinching his second Emperor’s Cup, and first as an ozeki, at the 15-day tournament, which ended…

Mongolian coal shipments to China declined

Mongolian metallurgical coal shipments to China through the Gantsmod land port declined in the week to  12 November amid winter weighing on coal deliveries, but overall year-to-date shipments remained sharply higher on the year. Daily coal haulage via the Gantsmod port reached 951 trucks, down 9.7 percent on the week, China-based consultancy Haitong International Securities…

Mongolia to build a metro line in Ulaanbaatar

Mongolia will start building a metro line in Ulaanbaatar in 2024 to address traffic congestion in the capital. “For the first time, the government made a decision to build a metro line in the capital, Ulan Bator,” B.Delgersaikhan, a cabinet member and chair of the National Committee on the Reduction of Traffic Congestion in Ulaanbaatar,…

ADB provides USD 30 million loan to Mongolian cashmere producer

The Asian Development Bank (ADB) has provided a USD 30 million loan to Mongolian cashmere producer Gobi, which the company will use to buy raw cashmere from herders and for processing the wool in a new facility to be built near Ulaanbaatar. Raw cashmere is Mongolia’s third-biggest export, and growing demand for the product –…

Mongolia urges Russia, other nations to return cultural artefacts

Mongolia on Monday called for more support from Russia, Britain, and other countries to repatriate hundreds of cultural artefacts, some dating back over two millennia. Key artefacts include a letter from Mongolia’s first prime minister declaring independence from China’s Manchu dynasty, currently held at the British Library in London, the Mongolian government said in a…

Malaysian ex-cop who murdered Mongolian model released from detention

The father of murdered Mongolian model and translator Altantuya Shaariibuu has cried foul over the release of former Malaysian policeman Sirul Azhar Umar from a detention centre by the Australian government. Mongolian film professor Shaariibuu Setev’s reaction came about a week after the Australian immigration’s decision to release Sirul and 86 other detainees, following a High…

Mongolia to provide Cuba with aid due to natural disasters

Mongolian Foreign Minister B. Battsetseg assured that her country will provide humanitarian aid to the Cuban people, due to the economic difficulties caused by natural disasters. The statement was made by Minister of the Mongolian foreign minister to Cuban ambassador in Ulaanbaatar Jorge Ferrer, during a meeting held in a fraternal and friendly atmosphere, according…

Fitch assigns Mongolia’s proposed USD bonds ‘B’ rating

Fitch Ratings has assigned Mongolia’s (B/Stable) proposed US dollar bonds a ‘B’ rating. The transaction is related to a voluntary tender offer for outstanding bonds maturing in 2024. The rating is in line with Mongolia’s ‘B’ Long-Term Foreign-Currency Issuer Default Rating (IDR), which has a Stable Outlook and was last affirmed on 15 May 2023.…

NEMA warns heavy snow and snow storms

Mongolia’s National Agency for Meteorology and Environmental Monitoring has warned today (20 November) heavy snow, blizzards and cold air expected to hit large parts of Mongolia this week. Throughout this week starting Tuesday, heavy snow and snow storms will sweep eastern, southern and western provinces of the country. In addition, overnight temperatures are expected to…

Endangered Mongolian saiga antelopes’ population increased

The number of Mongolian saiga antelopes, a critically endangered species, has increased to more than 15,500, according to the World Wide Fund for Nature (WWF)-Mongolia. “The population of Mongolian Saiga antelopes has increased to at least 15,540 this year. Also, since 2018, there have been no recorded cases of illegal hunting of Mongolian Saiga antelopes,”…