July 8, 2020
New Cabinet Ministers Appointed.
Ulaanbaatar /MONTSAME/. The Parliament of Mongolia today, July 8, approved new members of the cabinet, presented by Prime Minister U.Khurelsukh, yesterday July 7. The Steering Committee of the ruling Mongolian People’s Party, which holds majority or 62 seats in the 76-seat parliament - State Great Khural, convened on July 7, to approve the list of ministers to nominate for the cabinet.
This is the first time Prime Minister of Mongolia appointing ministers of the cabinet in accordance with the recent amendments to the Constitution of Mongolia, which were adopted on November 14, 2019. The parliament, on July 7, approved the cabinet to have a total of 14 ministries, including 6 ministries of general function and 8 sectoral ministries. The newly-appointed cabinet members are:
As the Constitution of Mongolia reads, a member of the government shall be appointed or dismissed after presenting to the State Great Khural and President of the Mongolia, Prime Minister Khurelsukh presented the new ministers to President Kh.Battulga today, and afterwards, the ministers took the oath to the Parliament during today’s plenary session of the parliament.
Also the Constitution now allows only Prime Minister and up to 4 members of the government to hold the position of parliament member concurrently and to comply with this, following four members of the 17 ministers are current members of the parliament.
• Minister of Environment and Tourism D.Sarangerel
• Minister of Justice and Internal Affairs Kh.Nyambaatar
• Minister of Finance Ch.Khurelbaatar
• Head of Cabinet Secretariat, Minister L.Oyun-Erdene
When appointing the cabinet members, it is said the principle to fill the positions with professional appointment based on the nominees’ qualifications and professional standards has been followed.
June 29, 2020
PARLIAMENTARY ELECTION 2020 RESULTS
The General Election Commission of Mongolia concluded that the 8th parliamentary – State Great Khural election was held in accordance with the Constitution of Mongolia, the Law on Central Election Authority, the Election Law of the State Great Khural, the Law on Automated Electoral System and other relevant laws.
The official results are as follows: the Mongolian People’s Party (MPP) won the majority or 62 seats out of 76, while the opposition Democratic Party (DP) gained 11 seats and the remaining three seats were taken up by an independent N.Altankhuyag (former Prime Minister and DP leader), T.Dorjkhand, leader of the “Right Person Electorate Coalition” (National Labor Party, Mongolian Social Democratic Party and Justice Party) and S.Ganbaatar, Vice Chairman of the “Our Coalition” (Mongolian Revolutionary People’s Party, Civil Will-Green Party and Mongolian Traditional United Party) respectively.
The 2020 parliamentary election was conducted in a new legal setting with a multi-mandated and enlarged constituency, where 13 parties, 4 coalitions, 121 independents, a total of 606 candidates running.
Out of 2,003,969 eligible voters 1,475,895 or 73.65 percent participated in the election, which marked the largest voter turnout since 2000.
Out of the newly elected MPs, 13 or 17.1 percent of the total seats will be held by female members.
In accordance with the Election Law of the State Great Khural, the General Election Commission will submit the official results of the parliamentary election to the President of Mongolia and the Speaker of the State Great Khural, after issuing temporary validation cards for the newly elected members of the Parliament on 29 June, 2020.
May 21, 2020
Coal export limping back, but “normal” is far off
Note: All figures in this report are from data released by the National Statistics Office and cover the period 1 January to 15 April.
Mongolia’s total foreign trade turnover reached $2.54 billion, a drop of 30.9% YoY. Exports accounted for $1.18 billion of this and imports for $1.36 billion, down 43.7% and 13.7% respectively. The foreign trade deficit of $175.9 million was mainly because of the dramatic decline in mineral exports.
The last days of the period under review showed some improvement in coal and oil exports, but this is only when they are seen against the situation in most of March, when exports were almost stopped. Any return to the pre-pandemic levels is still a long way off.
Mongolia exported 3.52 million tonnes of coal, which is 62.4% or 5.85 million tonnes less YoY. Coal exports, which had been suspended since February 10 to prevent the spread of the coronavirus, resumed gradually or step by step in March. Export through the Zamyn-Uud port started on March 5, through Gashuunsukhait on March 23, and through Shiveekhuren port on March 30. In March, only 341,000 tonnes were exported while the first 15 days of April saw 400,000 tonnes of coal cross the border. It is unlikely that exports would be even close to the previous two years’ high figures, and that means much revenue would be lost. Export earnings from coal so far have reached $284 million, some $500 million less than expected.
The corresponding loss from copper concentrate export has been $184 million. Here also, the export volume has decreased but even then copper is now the leading mineral export product in terms of value. Export of copper concentrate reached 359,400 tonnes and earned about $410 million. That’s a 15% drop in volume and 31% drop in revenue. The significant decline in gold content in Oyu Tolgoi’s concentrate this year and the slowdown of transportation have caused the decrease. Prices have fallen by about 20 percent since the beginning of the year. Refined copper exports rose 18.4% YoY in volume to reach 3,600 tonnes, but revenue increased by only 7.3%.
Iron ore exports have been going up and reached 2.4 million tonnes, earning $164.5 million -- a 3% drop YoY in volume and 23% increase in revenue. Exports of zinc ore and concentrate and molybdenum concentrate all declined. Exports of fluorspar ore and concentrate increased in volume, but both earned less.
Crude oil exports rebounded from 34,600 barrels in March to 37,600 barrels in the first 15 days of April but income was down 82% or by $84 million YoY.
The central bank’s gold purchase has increased significantly, but there has been no export since 1.6 tonnes in February.