1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

Category

Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Gold and copper prices surge www.ubpost.mn

As of April 1, Mongol Bank’s gold purchase price has reached 349,069 MNT per gram, reflecting a steady increase over the past year. This trend aligns with the ongoing rise in gold and copper prices on the global market, influenced by recent U.S. trade policies.
The country’s copper concentrate sales have also seen an upward trend, with an average price of 1,721 USD per ton in 2023, increasing to 1,957 USD per ton in 2024. Experts attribute this price surge to the economic policies of U.S. President Donald Trump, particularly his decision to raise import taxes as part of efforts to reduce the US trade deficit.
Investors, responding to global economic uncertainty, have shifted their focus toward gold as a safe-haven asset. The financial sector often echoes the saying, “People who are afraid buy gold,” underscoring the metal’s reputation as a stable investment during periods of economic volatility and rising inflation.
“Gold prices have increased by 17 percent since the beginning of the year. Gold is becoming a safe investment vehicle due to increasing political and economic instability and inflation risks,” said a spokesperson from Apex Capital LLC.
Mongolia has attempted to capitalize on the favorable market conditions, though gold mining outputs fell slightly short of projections. The country planned to mine 18 tons of gold last year but managed 16.5 tons. Despite this, gold revenues significantly contributed to the national budget, generating 311 billion MNT in 2023 and 375 billion MNT in 2024.
Meanwhile, copper has proven to be an even greater economic driver, contributing 2.2 trillion MNT to the state budget in 2023 and increasing to 2.3 trillion MNT in 2024. With global market prices continuing to rise, Mongolia stands to benefit further from its resource exports, reinforcing its role as a key player in the international commodities market.

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Registration for the Ulaanbaatar Marathon 2025 is Now Open www.montsame.mn

The annual "Ulaanbaatar Marathon" International Competition will take place on May 24, 2025.
Registration for the marathon will be open from April 1, 2025, to May 20, 2025. Individuals, organizations, and international participants can register online at https://ulaanbaatar.marathon.mn/ or through the Hipay application, where they can also pay the registration fee. The race categories will remain the same as in previous years, ranging from 500 meters to 42 kilometers.
The registration fees are as follows:
1.5 km – MNT 5,000 per participant (including family category participants)
5 km – MNT 10,000
10 km – MNT 50,000
21 km – MNT 70,000
42 km – MNT 90,000
Most participants usually choose to compete in the 5 km race. Those registered for this category can pick up their bib numbers from the Sports and Physical Culture Department of Ulaanbaatar City or the sports committees of the nine districts. Bib numbers will be available for collection from May 1 to May 20, 2025.
The Sports and Physical Culture Department of Ulaanbaatar City will distribute bib numbers, timing chips, and event T-shirts to runners participating in the 42 km, 21 km, and 10 km races. This department will also handle verification and bib distribution for the 1.5 km race. Registration for the 500 m and 800 m races will be managed by Special Olympics Mongolia, and additional details will be announced soon.
Participants can download and print their official certificates at https://ulaanbaatar.marathon.mn/. The Ulaanbaatar Marathon is growing in popularity. In 2024, it attracted around 30,000 Mongolian and international runners.

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Why Donald Trump should meet Kim Jong- un again – in Mongolia www.lowyinstitute.org

With Donald Trump back in the White House and North Korea’s nuclear program under Kim Jong-un continuing unchecked, another summit between the two leaders seems to be a matter of when, not if. This time, they should meet in Mongolia.
The first two Trump-Kim summits produced spectacle but little substance. Singapore offered glamour in 2018 but yielded only vague commitments. Hanoi in 2019 collapsed entirely. Their third meeting on the DMZ was made for the cameras. The diplomatic window closed afterwards as Covid-19 and US domestic politics intervened.
Now, that window has reopened. North Korea has advanced its capabilities significantly, testing intercontinental ballistic missiles and tactical nuclear warheads while deepening ties with Russia. The nuclear challenge hasn’t disappeared – it has intensified.
When Trump decides to reengage with Kim – and most likely he will – the choice of venue will shape both process and outcomes.
For Washington and Pyongyang to re-engage effectively, they’ll need a venue that addresses the practical and symbolic barriers that hampered previous efforts. Mongolia offers unique advantages that neither side can afford to ignore.
First, accessibility. When Kim travelled to Singapore, he was forced to borrow a Chinese aircraft that may have led to a national embarrassment. Mongolia allows him to arrive by train, just as his grandfather did in 1988, projecting independence rather than reliance on Beijing. For a regime obsessed with symbolism and self-sufficiency, this matters tremendously.
Second, Mongolia’s diplomatic positioning. Unlike other potential hosts, Mongolia maintains equally constructive relationships with both sides without competing strategic agendas. A democracy with strong Western ties, Mongolia nonetheless treats North Korea with consistent respect rather than isolation. This balanced approach – democratic values paired with pragmatic engagement – serves both American and North Korean interests.
The limited progress of the Biden administration on North Korea issues has demonstrated that “strategic patience 2.0” only buys time for the regime to advance its nuclear program. Trump’s unconventional approach, for all its flaws, at least created direct channels between the leaders. Those channels need to be reopened, but with clearer objectives and realistic expectations.
A Mongolian summit would signal both continuity and reset – acknowledging previous diplomatic efforts while creating space for more substantive negotiations. The setting itself would reinforce the message that this engagement is different from the attempts of the past.
South Korea, too, would welcome the summit in Mongolia. Seoul’s relations with Washington have become more complicated, with growing concerns about US security commitments. Former presidential adviser Moon Chung-in recently noted that “there is no guarantee the US will protect [South Korea] in the event of inter-Korean war”. It means the better relations Washington and Pyongyang have, the more secure Seoul would feel.
Some critics will argue that North Korea has proven untrustworthy in previous talks. That’s precisely why the diplomatic approach must evolve. Trump’s return to office creates an opening, but previous mistakes need not be repeated. A focused dialogue in Mongolia – modest in setting but significant in substance – could establish parameters around North Korea’s nuclear program rather than pursuing the elusive goal of complete denuclearisation.
When Trump decides to re-engage with Kim – and most likely he will – the choice of venue will shape both process and outcomes. Mongolia offers what other venue options could not: a setting where both leaders can meet as equals, unburdened by excessive expectations or third-party interests. Mongolia might be the missing piece in a diplomatic puzzle that has confounded US presidents for decades.

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Bank of Mongolia Purchases 281.8 Kilograms of Precious Metals in March www.montsame.mn

The Bank of Mongolia purchased 281.8 kilograms of precious metals in March 2025, totaling 2.2 tons of precious metals since the beginning of this year.
Compared to the same period in 2024, the amount of precious metal purchased by the Bank of Mongolia decreased by 35.1 percent. Since the beginning of 2025, the Darkhan-Uul branch of the Bank of Mongolia has purchased 55.4 kilograms of precious metals, while the Bayankhongor branch has bought 254.1 kilograms.
The price of precious metals is determined by the global market. Last month, the average price per gram of gold was MNT 333,309.34.

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P. Naranbayar: 88,000 more children will need schools and kindergartens by 2030 www.gogo.mn

“If we invest in education, our economy will develop. The education package law has been approved after many discussions, and now we will bring it to life. Equal access to education is a crucial issue, and today, the government has made a very important decision.
This year will be the “Year of supporting education”. We will reform the curriculum and increase investment in the sector.
By 2030, 88,000 more children will be added across the country, and they will need schools and kindergartens. We have calculated population density and used artificial intelligence to determine where and how many schools and kindergartens are needed.
Education is directly linked to human resources, and Mongolia is facing a serious shortage. The government has announced major mega projects, but there are no people to work on them. Supporting education means supporting the future”.

 

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B. Javkhlan: Mongolia's foreign exchange reserves reach USD 5 billion www.gogo.mn

B.Javkhlan, the Minister of Finance, presented the Cabinet's decision, stating:
"The Financial Stability Council meets every Tuesday, and we are working to increase Mongolia's foreign exchange reserves. To achieve this, we are focused on boosting exports and mobilizing the domestic market.
We have engaged with buyers of our export products, introduced new policies, and provided necessary information. As of yesterday, Mongolia's foreign exchange reserves have reached USD 5 billion. This marks the third time our reserves have hit this level.
As of March 31, coal export volumes have remained stable, though prices have declined. However, the losses in coal revenue have been offset by gains in copper. Additionally, with gold prices reaching historic highs, we expect to see positive economic results."

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185 cases of measles registered in Mongolia www.akipress.com

44 new cases of measles were recorded, bringing the total number of cases to 185, GoGo reported, citing the National Center for Communicable Diseases.
120 patients are currently hospitalized, 14 are receiving treatment at home, and 141 are in intensive care. So far, 51 people have recovered from the disease.
Health authorities emphasize the importance of vaccination, especially as the majority of cases are concentrated in secondary schools.

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Mongolian Judge Elected President of the Appeals Chamber of the ICC www.montsame.mn

Judge Erdenebalsuren Damdin was elected President of the Appeals Division of the International Criminal Court (ICC).
In accordance with Article 14 of the Rome Statute and Rule 4 of the Rules of Procedure and Evidence, the President of the Appeals Division is elected by a majority vote of the judges within that division. In this instance, the judges of the Appeals Division unanimously elected Judge D. Erdenebalsuren.
Judge Erdenebalsuren was elected to the ICC in the first round of voting, securing the highest number of votes. He began his term as a judge of the Appeals Division in 2024. He is now set to serve as the President of the Appeals Division from 2025 to 2026.
The ICC's Appeals Division comprises five judges and represents the highest judicial body within the court. It is responsible for reviewing decisions, judgments, and orders rendered within the ICC's jurisdiction, and is composed of the most experienced and distinguished judges.

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High-Performance Supercomputing Center to be Established in Phases www.montsame.mn

The Ministry of Economy and Development of Mongolia will cooperate with the United States on the "Establishing a High-Performance Supercomputing Center" Project.
A Mongolian delegation, consisting of Head of the Department of Integrated Science and Technology Policy of the Ministry of Economy and Development Dr. Battogtokh Dorjgotov, Advisor of the Department of Macroeconomic Policy D.Ulzii-Erdene, and Vice President of the Mongolian Academy of Sciences Academician Avid Budeebazar, visited the Oak Ridge National Laboratory in Tennessee, U.S. The delegates held meetings with the managers and scientists in the Biological and Environmental Systems Science Directorate and Computing and Computational Sciences Directorate, discussing cooperation in the fields of science and technology between the two countries and utilizing the "Frontier" supercomputer, its operating system, equipment, and management and also training human resources to operate it. 
The Ministry of Economy and Development and the Mongolian Academy of Sciences, in collaboration with the Mongolian University of Science and Technology and the National University of Mongolia, are working to implement the "Establishing a High-Performance Supercomputing Center" Project based on the human and material resources created in Mongolia.
Project implementers are collaborating with Mongolian scientists and researchers working in the United States and the Republic of Korea to utilize their high knowledge and skills. The successful implementation of the project will create technological advances in Mongolia such as analyzing large sets of natural, social, and economic data related to national security, developing solutions to combat climate change and natural disasters caused by global warming, pasture degradation, and desertification, conducting detailed research on new materials, and minerals, and conducting research on artificial intelligence and machine learning.
In addition, the introduction of cutting-edge technology will bring Mongolia’s science, technology, and innovation development to a new level, and create conditions for a new generation of scientists and students to master powerful modern research technologies.

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Legal inconsistencies disrupt coal trading on exchange www.ubpost.mn

On March 28, Minister of Industry and Mineral Resources Ts.Tuvaan and Minister of Justice and Home Affairs O.Altangerel submitted a draft law proposing amendments to the Law on the Mining Products Exchange to Speaker of Parliament D.Amarbayasgalan. 
Under the current system, coal and iron ore are traded through the exchange via spot and forward contracts. As of March 14, a total of 43 million tons of mining products had been traded, generating 17 trillion MNT in revenue.
The mining products exchange was introduced in response to public demand, aiming to create a transparent and regulated marketplace. However, inconsistencies in legal regulations have led to disruptions in trading, raising concerns over potential income losses for participating enterprises and obstacles to enriching the National Wealth Fund. To address these challenges, lawmakers have drafted amendments to improve regulatory consistency and ensure the smooth operation of mining product trading.
The proposed amendments are also designed to facilitate the development of large-scale infrastructure projects outlined in the government’s action plan for 2024 through 2028. These include the construction of cross-border railways at Gashuunsukhait-Gantsmod, Khangi-Mandal and Shiveekhuren-Sekhee, as well as the establishment of coal-chemical and coke-chemical complexes, and a steel production facility.
Moreover, the amendments aim to align Mongolia’s mineral resource sales with international standards while ensuring that revenue from mining contributes to the country’s economic independence. The draft law is expected to undergo parliamentary discussions in the coming weeks, with industry stakeholders closely monitoring its potential impact on the mining sector and the broader economy.

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