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    

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

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Mongolia looks to third neighbours for energy reform www.eastasiaforum.org

Mongolia is planning widespread energy reform with the aim of diversifying its energy sources, improving energy infrastructure and reducing air pollution. Mongolia’s energy reform plans are reliant not only on support from immediate neighbours Russia and China but also its ‘third neighbours’ — nations other than Russia and China — such as the United Kingdom, France, India and Australia. The plan involves 14 mega projects, greater foreign investment in the energy sector, increased partnerships with third neighbours, expanding business opportunities in battery storage and increased installation of wind and solar energy.
Mongolian policymakers are embarking on energy reform that aims to diversify energy sources and work on issues like improving energy infrastructure and decreasing air pollution. The government has proposed ‘14 mega projects’ which will require support from Mongolia’s immediate neighbours — Russia and China — and are also heavily dependent on other nations for financial and technical assistance. These areas are an inseparable aspect of Mongolia’s transition to energy reform.
Energy reform has become an increasingly important topic of interest among policy pundits alongside Ulaanbaatar’s foreign partners. Mongolia’s need for energy reform is no longer solely about whether Mongolia should diversify its energy sources — it is now a matter of transition speed and a discussion of the mechanisms that will attract investment and financial support.
It has become clear to the Mongolian public in recent years that intermittent shortages of electricity in tandem with deaths and illnesses caused by extreme air pollution are becoming more widespread. It is an increasing view of the public that recalibrating the energy system is necessary.
The coalition government headed by Mongolian Prime Minister Oyun-Erdene Luvsannamsrai recognises the need to solve Mongolia’s energy challenges. The government will adhere to Mongolia’s long-term development strategy, ‘Vision 2050’, while implementing the State Policy on Energy 2015–2030. To Ulaanbaatar, increasing third neighbour participation is paramount to the pursuit of greater diversification of energy sources. Aligning foreign investment towards the energy sector, expanding business opportunities in battery storage and installing wind and solar is crucial.
‘Third neighbours’ — nations other than China and Russia — are central participants in Mongolia’s energy transition. For example, the United Kingdom has approved 11 projects with US$460 million in funding targeting the energy transition and other sectors. The Migration Action Facility will work on the ‘Mongolia – Energy Performance Contracting for Residential Retrofitting in Ulaanbaatar City’ project to improve insulation and energy efficiency in old apartment blocks.
The European Union is actively funding Mongolia’s energy sector with the European Bank for Reconstruction and Development. The EU partnership targets Mongolia’s ‘greater grid reliability and support for renewable generation’. Mongolia has also been working with Finland as a leading renewable energy country.
While Mongolia is striving to diversify its energy sources and transition to renewable energy, its economy continues to depend on the export of natural resources. In 2024, foreign direct investment into Mongolia increased to US$177 million, up from previous years. In the face of rising investment in green energy, Mongolia’s economy continues to depend on its mineral wealth.
But it is important for the Mongolian government to attract more investment, particularly in renewable energy infrastructure. With critical minerals exports increasingly relevant, foreign direct investment can be redirected toward these newer initiatives. Yet mining exports will continue to be Mongolia’s economic lifeline. The only concern is that if China stops importing Mongolia’s coal, Ulaanbaatar will need a different strategy. This is why economic diversification — even in the mining sector — is crucial.
In 2023, clean energy contributed a record 11.4 trillion RMB (US$1.6 trillion) to China’s economy — becoming a key driver of China’s economy. These notable shifts can influence Mongolia–China mining relations.
Though Mongolia exports 90 per cent of its coal to China, it is important for policymakers to divert certain Chinese investments into necessary sectors. A comprehensive strategic partnership with Beijing will present a learning curve for Mongolia’s critical minerals and clean energy market.
Russia will play a different role in Mongolia’s energy reform. Russia will continue to see Mongolia as a major energy buyer and likely to maintain that relationship even with Ulaanbaatar’s renewable energy directions.
Russia and China — both comprehensive strategic partners of Mongolia — will need to support Ulaanbaatar’s endeavours in improving its energy infrastructure, diversifying energy sources, while assisting development of clean and renewable energy. In addition to relying on its two neighbours, Mongolia is currently eyeing nations in the Indo-Pacific and the Middle East for new partnerships.
In the coming years, Mongolia’s diversification of energy sources, transition to renewables and accelerating business investment in energy will continue to be a key priority. Mongolia’s third neighbours including India, France and Australia already have mega projects in place in oil refining, uranium exploration and mining, including one of the world’s largest copper mines with Rio Tinto. Newer partnerships with Saudi Arabia, the United Arab Emirates and Bahrain represent an expansion of bilateral relations.
Ulaanbaatar’s proposal for energy reform will take years to fully implement. Until the necessary infrastructure is put in place and fully operational, Mongolia will continue to depend on coal-based energy. On a geopolitical level, Mongolia’s success in the energy transition will also depend on the stability of the region and where the flow of finance is heading.
BY: Bolor Lkhaajav is a Researcher specialising in Mongolia, China, Russia, Japan, East Asia and the Americas.
This article is part of an EAF special feature series on 2024 in review and the year ahead.
https://doi.org/10.59425/eabc.1742076000

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Javkhlan Bold: Mongolia's Macroeconomic Condition is Stable www.montsame.mn

During the regular session of the Cabinet of Mongolia on March 12, 2025, Minister of Finance of Mongolia Javkhlan Bold presented an update on Mongolia’s consolidated budget and budget performance. 
The Finance Minister noted, “Mongolia’s macroeconomic condition is stable. Last year, the economy grew by 4.9 percent, reaching a GDP of MNT 80 trillion. As of January this year, inflation stood at 9.6 percent. The country’s foreign exchange reserves are stable, and export volume of primary raw materials is increasing.”
As of February 2025, the consolidated budget revenue reached MNT 4.1 trillion, which is MNT 1.2 trillion (22.8 percent) lower than the same period last year, representing 95 percent of the planned revenue for the first two months of 2025. The MNT 4.1 trillion consolidated budget revenue accounts for 11 percent of the annual budget. On average,12 to 14 percent of total annual revenue is collected during the first two months of the year.
The average price of coal was USD 78.5 per ton, USD 44.9 (36 percent) lower than the USD 123.4 recorded in the same period last year, as of February 2025. The lower price of coal was the primary factor in the reduced budget revenue.
Therefore, a working group has been established under a decree from the Prime Minister of Mongolia to ensure stable macroeconomic growth by increasing and monitoring the export of mining products and promptly resolving pressing issues. The working group will be headed by the Minister of Finance.

 

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Uchral Nyam-Osor: No Increase in Any Type of Service Fees or Charges www.montsame.mn

During its regular session on March 12, 2025, the Cabinet of Mongolia discussed scheduled agenda items and made the following decision. 
Chief of the Cabinet Secretariat of Mongolia Uchral Nyam-Osor said, “In response to the declining global geopolitical situation and worsening conditions of international trade, the Government of Mongolia decided to prevent price increases and limit inflation by not raising fees and charges of any type of public services provided to citizens and legal entities. Cabinet members, Heads of agencies, and Heads of all councils, committees, and commissions have been instructed to not increase these fees and charges." 
The Chief of the Cabinet Secretariat also noted that Citizens’ Representative Khurals of the Capital City, aimags, districts, and soums have been advised not to increase the rates of any taxes and fees.

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Mongolia becomes the third largest importer of Japanese used cars www.gogo.mn

D.Munkhtur, Deputy Head of the Food Revolution NGO, raised concerns over Mongolia’s trade agreements during a discussion on the Economic Partnership Agreement with the Republic of Korea.
Munkhtur criticized the lack of macro-level research before signing trade agreements with developed countries, citing Mongolia’s previous economic agreement with Japan as an example. Over the past decade, Mongolia’s imports from Japan have surged from $300 million to over $1 billion, while exports remain stagnant at just $10 million. He pointed out that despite Japan’s humanitarian assistance, it primarily benefits from exporting used Prius cars to Mongolia, making the country the third-largest importer of Japanese vehicles.
He further warned that Mongolia's agricultural sector could suffer if trade agreements are not carefully negotiated, referencing past procedural errors by the Ministry of Economy and Trade. Instead of unbalanced agreements, D.Munkhtur advocated for securing guaranteed purchases of Mongolian products, such as animal feed, in the deal with South Korea, which could potentially generate $500 million in trade annually.
L.Enkh-Amgalan, Head of the Macroeconomic Policy Department at the Ministry of Economy, Trade, and Industry, defended the agreement with South Korea, stating that adjustments were made to reduce stringent input requirements for Mongolian exports. He emphasized that a preliminary study indicated economic benefits for Mongolia, leading to the government's decision to proceed with the agreement.
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Civil Aviation Authority of Mongolia and TRANSCON Sign Memorandum of Understanding www.montsame.mn

The Civil Aviation Authority of Mongolia and TRANSCON LLC of the Czech Republic signed a Memorandum of Understanding on March 11, 2025.
Director of the Civil Aviation Authority of Mongolia Erdene-Ochir Turbayar and Chief Executive Officer of TRANSCON Electronic Systems LLC Vladimir Drabek signed the MoU.
Supported by the Governments of Mongolia and the Czech Republic, this MoU aims at expanding cooperation on civil aviation and aviation infrastructure.
Additionally, the Agreement will facilitate collaboration in modernizing local airports and supplying aviation equipment and technology.

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Secretary General of Mongolian Basketball Association Appointed as a Member of the EASL Advisory Board www.montsame.mn

The champion team of "The League" under the Mongolian Basketball Association (MBA) in 2025 has secured participation in the East Asia Super League (EASL), which brings together the champion teams of Asia’s top basketball leagues. Meanwhile, the basketball tournament of the current season took place in Macau, Special Administrative Region of the People’s Republic of China, where Japan’s Hiroshima Dragonflies were crowned the 2025 EASL Champion. 
During the finals, the "EASL Summit 2025: The Future of Asian Basketball" was held, with representatives from the MBA attending by invitation.
As part of the event, a meeting of the East Asia Super League Advisory Board was convened, during which Tugsjargal Sambuu, Secretary General of the MBA, was appointed as a board member representing Mongolia. This marks the first time a Mongolian representative has been appointed to an international league tournament’s advisory board.
The 2025 champion team of “The League” will compete in the 2025–2026 season of the EASL, grouped with the champion team of the Republic of South Korea’s league, the runner-up team of the Philippines’ PBA League, and Japan’s Hiroshima Dragonflies from the B.League. In line with this, these selected teams will play in Mongolia, allowing local basketball fans to witness the basketball tournaments of Asia's top teams. Additionally, representatives from Japan’s league have expressed interest in recruiting Mongolian players, leading to plans for collaboration between the two sides.

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President of Mongolia Pays Respect to Czech Geologists Who Discovered the Erdenet Copper-Molybdenum Deposit www.montsame.mn

President of Mongolia Khurelsukh Ukhnaa met with senior Czech geologist Mojmír Krautner in Mongol ger of the Embassy of Mongolia in Prague, the Czech Republic on March 12, 2025.
Mr. Krautner, now 98 years old, led the Mongolian-Czechoslovak joint geological team in the 1960s. Within two years, the joint geological team successfully identified and mapped the main copper-molybdenum deposit in Erdenet.
President Khurelsukh expressed gratitude to Mr. Krautner, emphasizing that the Erdenet Mining Corporation, built around this deposit, continues to contribute to Mongolia’s development and the well-being of its people. As a token of appreciation, President Khurelsukh presented Mr. Krautner with photographs from his time working in Mongolia, along with a commemorative gift.
The veteran geologist expressed his gratitude to the President of Mongolia for the recognition and mentioned that the diplomatic staff at the Embassy of Mongolia in Prague, the Czech Republic always tend to him.
Recalling his youthful years and dedication to his work, Mr. Krautner shared memories of how the joint geological team worked. Senior Czech geologist Mojmír Krautner also mentioned that he considers Mongolia his second homeland. Additionally, he conveyed his best wishes to the people of Mongolia, particularly the residents of Erdenet.

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Mongolia's exports decrease by 10.5 percent in first 2 months of 2025 www.xinhuanet.com

Mongolia has exported goods and raw materials worth a total of 2 billion U.S. dollars since the beginning of 2025, official data released by the Mongolian Customs General Administration showed on Wednesday.
The figure decreased by 10.5 percent compared with the same period of 2024, the data said.
Mining commodities, such as coal, copper and unprocessed or semi-processed gold, constituted 86.2 percent of Mongolia's total exports during this period, the administration reported.
Meanwhile, during the same period, 1.7 billion dollars in goods and raw materials were imported into Mongolia, up by 7.2 percent year-on-year.
It is noted that 22.9 percent of Mongolian imports were petroleum products while 13.6 percent went to the purchase of passenger cars.

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S. Korea, Mongolia agree to strengthen cooperation in rare metal supply chain www.koreaherald.com

South Korea and Mongolia have agreed to bolster bilateral cooperation in the supply chain of rare metals and other critical minerals, Seoul's industry ministry said Wednesday.
The two sides held the second round of rare metal cooperation committee meetings in Seoul earlier in the day as a follow-up measure to the agreement on rare metals supply cooperation reached between their prime ministers in 2023, according to the Ministry of Trade, Industry and Energy.
The cooperation will help Mongolia develop its mineral resources, while allowing South Korea to stabilize its supply chain, the ministry explained.
Mongolia has various rare metal reserves, including rare earth elements. It is the world's eighth-largest producer of molybdenum, a key metal used to make steel alloy.
By November, the two countries will complete installing necessary equipment and infrastructure for the operation of their joint cooperation center on rare metals.
South Korea and Mongolia's geoscience research institutes plan to launch a joint exploration project to find critical minerals in Mongolia and develop a tin mine in the central Asian country, according to the ministry. (Yonhap)

 

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Mongolia Advances 11 Positions in the Artificial Intelligence Preparedness Index www.montsame.mn

The American Chamber of Commerce in Mongolia organized a discussion "Getting Ready for the AI Wave" on March 11, 2025.
The discussion covered the development of artificial intelligence (AI), its potential impact on Mongolia, optimal planning approaches, handling big data, legal and regulatory frameworks, and defining vision and policies. Experts emphasized the importance of enhancing Mongolia's competitiveness, addressing AI ethics, integrating AI effectively into society, utilizing AI optimally in the business sector, organizing effective activities, and driving economic growth in Mongolia.
Director of Policy and Advocacy for the American Chamber of Commerce in Mongolia Gerelchuluun Iderchuluun said, "Compared to last year, Mongolia has advanced by 11 positions in defining its National Strategy for Artificial Intelligence. The assessment for AI introduction stands at 98 percent. However, the National Strategy remains insufficient, while the private sector has sufficient ratings. Public institutions are prepared to accelerate their services through AI. For reference, countries such as the UAE, Singapore, and Estonia have declared AI and labor safety centers within their national strategies. Meanwhile, the U.S. and China leverage AI to lead innovation. European countries and Canada focus their national strategies on responsible and ethical AI implementation. To compete internationally, it is essential for us to clearly define the direction of our national strategy, emphasizing private sector-led development."
Mr. Gerelchuluun further highlighted the need to digitize disorganized data, ensure cybersecurity, and actively pursue AI training in Mongolia.A

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