On 17 April, Ambassador of Mongolia to the UK, H.E. Mr. Tulga Narkhuu attended as a panelist in Mongolian session of “Emerging Europe & Central Asia” conference in London, where he made a briefing on current Mongolian economic performance and Erdenes Tavantolgoi IPO.
The Ambassador also joined Mr. Nikhil Rathi, CEO of London Stock Exchange, Mr. Siniša Mali, Serbian Minister of Finance, Mr. Robert Jenrick MP, Exchequer Secretary to the Treasury, for the LSE’s market opening ceremony.
There were 400 people from international banks, financial institutions, and investors came to the conference and discussed Europe and Central Asia’s market environment in panel discussions covering topics of investment flows, growth forecast and access to capital markets.
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The “Cambridge Mongolia Seminar” was successfully organized by the Mongolia and Inner Asia Studies Unit of the University of Cambridge in partnership with the Embassy of Mongolia to the United Kingdom on 05 December 2018 at the Cambridge University. H.E. Mr. Tulga Narkhuu, Extraordinary and Plenipotentiary Ambassador of Mongolia to the United Kingdom opened the seminar and highlighted the significance of academic sphere where the scholars of two countries sharing their researches and thoughts during his opening speech.
The seminar was organized at three main parts to analyse Mongolia’s problem of political leadership and the crisis of governance in Mongolia, Mongolia’s strategic with regard to the changing geopolitical and geo-economic environment and the long–lasting Mongolia–UK cooperation in the field of Mongolian studies. There were senior mongolists Caroline Humphrey, Alan Sanders and new approaching mongolists Sergey Radchenko and Hildigard Diemberger attended at the seminar. As well as scholars from the National University of Mongolia and London South Bank University presented their presentations.
During the seminar Mongolian wood carving professional Mr. Ariunbayar Mijiddorj’s “Mongols” exhibition which is the culmination of 8 whole years of nothing but carving, hell bent on creating stories about life and culture, was displayed to the scholars and researchers as well as students of the Cambridge University.
The President of Mongolia has awarded the “ORDER OF POLAR STAR” to Mr. Uradyn E. Bulag, Professor and Researcher of the Mongolia and Inner Asia Studies Unit of the Cambridge University for his invaluable contribution in promoting Mongolian studies abroad and the “MEDAL OF FRIENDSHIP” to Ms. Libby Peachey, Administrator and Research Coordinator of the Mongolia and Inner Asia Studies Unit of the Cambridge University for her great effort in supporting Mongolian studies in Britain.
H.E. Mr. Tulga Narkhuu, Extraordinary and Plenipotentiary Ambassador of Mongolia to the UK has presented the awards on behalf of the President of Mongolia at the Cambridge University on 05 December 2018.
A delegation headed by, Mr. G.Nandinjargal, State Secretary of Mining and Heavy Industry of Mongolia attended the 16th Annual “Mines and Money” international mining event in London on 26-29 November.
Ambassador of Mongolia to the United Kingdom H.E. Mr. Tulga Narkhuu and State Secretary of Mining and Heavy Industry Mr. G.Nandinjargal made opening remarks at the session on “Mongolian showcase”, where Deputy CEO of “Erdenes Tavantolgoi” company Mr. Tsogtbayar made a presentation on the Tavantolgoi deposit and the “ETT” company’s IPO, introduced current progress of selling up to 30 percent of the total “ETT” shares on the international and domestic stock markets.
Also, “ETT” company opened a Mongolian pavilion at the “Mines and Money” exhibition, where the company was promoting the Mongolian mining sector, including projects and initiatives to the international investors.
The Mongolian delegation also visited the London Stock Exchange Group and had a meeting with Mr. David Schwimmer, CEO of the LSEG. In this meeting, both sides exchanged views on “Tavantolgoi mine” project and the ETT company’s prospective IPO.
Ambassador of Mongolia to the United Kingdom H.E. Mr. Tulga Narkhuu has delivered an opening remark at the 7th MINEX Eurasia Mining and Investment Forum on 23 November 2018 which took place in London.
In his opening remarks, H.E. Ambassador Mr. Tulga emphasized the recent changes in the economic condition of Mongolia and provided a brief update on the mining sector development.
Mongolia’s economy grew at an annualized 6.4 percent third quarter of 2018 and shrug off the near deflation rate of 1.2 percent growth in 2016. S&P Global Ratings raised Mongolia’s sovereign credit rating to ‘B’ from ‘B minus’ and assigned a stable outlook. Improved sovereign credit rating means Mongolia’s investment environment is improving and the growth outlook remains favorable for Mongolia.
Ambassador H.E. Mr. Tulga encouraged participants to invest in Mongolian rich mineral resource sector.
Moreover, Ministry of Mining and Heavy Industry and “Erdenes Tavantolgoi” state-owned company representative participated in the forum. ETT Company also showcased its “Tavan Tolgoi” project potential IPO presentation at the forum.
As per the request by the Mr. N.Tserenbat, Minister of Environment and Tourism of Mongolia, the Ambassador Mr. N.Tulga has, on behalf, received the international “Green Apple” award dedicated to the best practices for the environmental protections at the ceremony taken place on 12 November 2018 at the Westminster palace.
This award was given to the “Green passport” initiative, a pioneering effort by the Ministry of Environment and Tourism, which was introduced in view of the government’s environmental and ecological policy with the aim of positively changing attitude of young generation towards environment and nature.
Extraordinary and Plenipotentiary Ambassador N.Tulga has presented his Letter of Credence to Her Majesty Elizabeth II, The Queen of the United Kingdom and the other Commonwealth realms, at the Buckingham palace on 14 November 2018.
Ambassador N.Tulga has expressed his commitments to further strengthen and develop the bilateral friendly ties between Mongolia and the United Kingdom of Great Britain and Northern Ireland.
Upon receiving the Letter of Credence, The Queen has congratulated the Ambassador for his second appointment and while wished him a success in his endeavours, she has expressed her satisfaction toward the enhancements of the bilateral relations.
Mongolia-Britain parliamentary group Chairman S.Batbold and delegation of the State Great Hural (Parliament) of Mongolia has paid a working visit to London in 20 October to 02 November 2018 by the invitation of their British parliament’s counterpart. This was the Mongolian parliamentarian’s reciprocation to visit of the delegation of British Group of International Parliamentary Union (BGIPU) of the Westminster in November 2017.
During the visit, the SGH delegation has had a courtesy call on the Second Deputy Chairman The Rt Hon. Dame Rosie Winterton MP and had meetings with The Rt Hon Mark Field MP, Minister of State for Asia and the Pacific at the Foreign and Commonwealth Office (FCO) and Mr. Julian Knight MP, the UK Trade envoy to Mongolia as well as a visit to the London Stock Exchange.
Mr. John Grogan MP, Chairman of the UK Mongolia All-party Parliamentary Group (APPG) at the British parliament and other members of the group have hosted their Mongolian visitors in a business meeting in where the parties have exchanged their thoughts and ideas on the further prospects of the parliamentary bilateral relations.
The Mongolian delegation has, moreover, attended the House of Common’s FCO question time in where the State Minister has responded to the question “How do you assess the UK-Mongolia bilateral relations”.
The visit has contributed not only to the further strengthening of the Mongolia-UK bilateral relations, but also to the maintaining of the frequency of the high-level exchange visits.
On 11 October 2018, H.E. Mr. D.Tsogtbaatar, Minister for Foreign Affairs of Mongolia, met with Mr. Graham Stuart MP, Parliamentary Under Secretary of State (Minister for Investment), UK Department of International Trade. They have exchanged their views on the current state of trade and economic cooperation and expressed their ideas on how to further expand bilateral relations and exchanged views on current international and regional development.
Minister D.Tsogtbaatar underlined that Mongolia is keen to further expand and develop friendly ties with the UK in all sectors including trade, economic, investment and emphasized the importance of cooperation to bring in British investment, know-how, and high technology to Mongolia. The Minister also has requested to retain by the British side the current European Union’s GSP+ trading preference and facilitations for Mongolian export products after the Brexit.
Also, the minister proposed to organise a business forum in London next year to further promote partnership between businesses of the two countries.
Parliamentary Under Secretary of State (Minister for Investment) Graham Stuart MP expressed his support for Minister D.Tsogtbaatar’s proposals and he reaffirmed that UK Export Finance has announced to provide 200 million GBP funding for Mongolian companies in Mongolian national currency.