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.

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”.

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."

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.

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.

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.

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.

Legal Framework Concerning the Entry of Foreign Labor into Mongolia to Be Refined www.montsame.mn

The Immigration Agency of Mongolia, in collaboration with the Ministry of Family, Labor, and Social Protection of Mongolia and the General Agency for Labor Welfare Services, organized a joint meeting on March 28, 2025. The meeting focused on discussing challenges related to the entry of foreign labor into Mongolia, streamlining the process of issuing work permits, and enhancing coordination between relevant organizations. 
Chairman of the Immigration Agency of Mongolia N. Uuganbayar emphasized that under the Government’s 14 mega projects aimed at economic expansion, there is a growing need for foreign experts and specialists to work in Mongolia. Mr. Uuganbayar also noted that the peak season for labor recruitment in various sectors linked to construction activities has begun, necessitating close and flexible cooperation between the organizations. 
Furthermore, the Head of the Immigration Agency highlighted, “To attract foreign investment and promote tourism, Mongolia introduced an e-visa system in 2021. However, as the issuance of tourist e-visas has increased, more enterprises and organizations have been found employing foreign nationals without obtaining the necessary permits from the relevant authorities. Over the past year, such violations have risen as companies seek to avoid job-related fees. This situation is partly due to the complex and time-consuming process of obtaining work and residency permits, as well as the high costs involved, leading some to misuse tourist visas for employment purposes.” 
To address these issues, the joint meeting has decided to refine the legal framework concerning the entry of foreign labor, explore the possibility of implementing a tiered job fee system, and integrate the preliminary work permits issued by the General Agency for Labor Welfare Services into the “Unified Visa, Registration, and Information Database.”

Mongolia Frees Coal Pricing www.insidemongolia.mn

In the past week, 2 significant regulatory changes occur at the Mining Products Exchange (MPE). These changes shift how the exchange operates, and expectations rise for further development in the coming years. Here is an overview of the recent changes and what lies ahead.
Regulatory Amendments
The recent updates to the MPE regulations align prices with market movements and introduce more flexibility in payment terms. The Ministry of Finance, in collaboration with the Mongolian Stock Exchange (MSE), is working on submitting a revised Exchange Law that incorporates these principles. The goal is to ensure these changes become part of the legal framework governing the exchange.
Hot Off the Press
Additionally, the Minister of Finance states that the products currently traded on the Mining Products Exchange are preparing for international markets, with a memorandum of understanding (MoU) in the works. This development could boost the MPE’s position in the global market if it materializes.
What Has Changed?
Previously, trading on the Mining Products Exchange occurs at fixed prices determined behind the scenes. However, the new framework allows trading at prices indexed to market movements. This change aligns the exchange with modern market practices, offering more flexibility for both buyers and sellers. Furthermore, buyers now have the option to trade the remaining coal within their contracts, adding further flexibility to the trading process.
How Is the Indexed Price Determined?
The indexed pricing mechanism involves a basket of price indices for products traded on the exchange. This includes the price of coal at Gantsmod Port, the coking coal price index for the domestic Chinese market, and the price of coking coal at Jintan Port. The use of multiple components ensures that the price is not solely dependent on one port but instead reflects the combined weight of various elements that affect the market.
For example, the price of Gantsmod coal holds a weight of 20% in the index for forward contracts. If the price of Gantsmod coal falls while prices at other ports remain high, the overall price does not decrease significantly, offering a buffer against price fluctuations.
Looking Ahead: The Future of MPE
In the next 2-3 years, the MSE plans to expand its offerings by introducing commodity trading on the S&P Platts platform, diversifying product offerings, and potentially allowing for dual trading on international exchanges. This move enhances the MPE's global integration and market accessibility. As coal prices, vital to Mongolia’s economy, fluctuate, there is a growing effort to stabilize and adjust the trading mechanisms accordingly. If brokers continue to engage with the MPE, the market finds its balance and return to stability.

Mongolia Growth Group Announces Renewal of Normal Course Issuer Bid www.stocktitan.net