1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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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President recommends Cultural Campaign II www.en.montsame.mn

 
President of Mongolia Ts.Elbegdorj attended a meeting on soil, water and air pollution in Ulaanbaatar with representatives of the capital city residents and public organizations on April 12, Wednesday.
Government officials including Environment Minister D.Oyunkhoroal, Ulaanbaatar Mayor S.Batbold and Members of Parliament Kh.Nyambaatar and G.Batzorig were present at the meeting during which 18 presentations were given in 4 main areas – Urban planning and infrastructure, Engineering solution to reduce air and environmental pollution, Citizen participation and solutions and Bank and financing.
Mayor S.Batbold said that the presentations featured several ideas worth putting into work. “I invite you all to send these presentations and projects to the capital city administration. We will review them and cooperate on those we choose to finance”, he said.
In his closing speech, President Ts.Elbegdorj noted that the important issues discussed and forwarded at the meeting must be implemented. “We must see improvement in these areas”, he reiterated. He also expressed intentions to visit some of the factories introduced at the meeting. Moreover, the President suggested that Cultural Campaign II be forged to make the capital city a clean city, and gained support from the participants of the meeting.
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Gold sold to Bank of Mongolia to be spent for increasing currency reserve www.en.montsame.mn

 
Since the beginning of 2017, all of the gold sold to the Bank of Mongolia (BoM) by domestic entities and individuals has been used to increase foreign currency reserve of the country, reports the central bank.
Over the last years, the BoM had borrowed short-term loans from foreign banks with a condition to repay it with gold. Some officials of the Bank say that the loans' cost was high, the terms were too short and the condition of repayment was not economically efficient. For example, the Bank borrowed USD60 million in 2014 and USD160 million in 2015 with an interest rate of 9.3 per cent and a total of 12.1 tons of gold was sent for the loan repayment in 2014-2016.
Starting last August, the authorities of BoM has been adhering to a principle to stop getting loans and to fully repay all loans and as a result of this action, all loans of the central bank were repaid.
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Singaporean company to construct Mongolian coal aerification plant www.news.mn

 
The Mongolian Ministry of Energy has signed a Memorandum of Understanding with Poh Golden Ger Resources Pte Ltd, which is the Mongolian subsidiary of Singapore's "Poh Group Pte", for coal aerification and power generation. The Singaporean company will cooperate with Mongolia for constructing the coal aerification plant, which will generate power through the process of burning a combination of coal dust and gas.
 
The cooperation between the two sides first discussed during Singaporean Prime Minister Lee Hsien Loong’s visit to Ulaanbaatar in July, 2016.
 
The Poh Group, which specialises on mining and energy was founded by Poh Kay Ping, currently its CEO. Poh Golden Ger Resources Pte Ltd holds mining and exploration rights for coal and copper in the south of the Mongolia.
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Hogan Lovells publishes free analysis of Mongolia-Japan EPA/FTA; full texts of analysis and EPA www.nambc.org

 
Mongolia’s first and only free trade agreement (FTA) is with Japan. The “Japan–Mongolia Economic Partnership Agreement” (EPA) inevitably has had various adverse impacts on exports to Mongolia from the US and Canada, because of preferential tariffs accorded to Japanese competitors of North American companies. Previous Mongolian Governments had consistently offered to start FTA negotiations with Washington and Ottawa. Hogan Lovells (Mongolia) LLP has published a useful summary of the EPA, which was concluded in February 2015 and entered into force on June 7, 2016. One of the Mongolian partners of Hogan Lovells will speak at the NAMBC’s AGM on April 27 in Washington, DC.
 
In late March 2017, Japanese Foreign Minister Fumio Kishida and Mongolian Foreign Minister Tsend Munkh-Orgil signed a bilateral action plan in Tokyo for 2017-2021 for further implementation of the EPA, plus bilateral cooperation in political, security and economic fields not covered in the EPA. On the economic front, the plan calls for speedy implementation of the bilateral FTA and improving the FDI environment. Separately on the same day, Japan committed US$850 million in soft loans to Mongolia as part of a bailout to help rescue the country's economy; details are still under discussion..
 
For Hogan Lovells Japan EPA analysis, go to: http://ehoganlovells.com/rv/ff00002f8127205c90d12e6b35de4094dc8a2329
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“Mongolia rises again” – Last chance to sign up for 27th NAMBC AGM & Investors Forum, April 26-28 www.nambc.org

 
With the theme of “Mongolia rises again,” the NAMBC’s 27th AGM & Investors Forum opens on the evening of Wednesday, April 26, with a reception hosted by Ambassador Bulgaa Altangerel at the Mongolian Embassy in Washington DC commemorating the 30th anniversary of US-Mongolia relations. Working sessions will be 9:00 AM to 5:00 PM on Thursday, April 27, at the Residence Inn Pentagon City Arlington, adjacent to Washington’s Reagan National Airport. Distinguished experts from Mongolia and North America will discuss the outlook for Asia policy under President Trump and prospects for renewed Mongolian economic growth. Eight US Ambassadors to Mongolia will share their views on three decades of US-Mongolia relations. The optional second day, Friday, April 28, features private door-knock meetings with US government officials for US registrants; requires a transportation fee of $25 per person.
 
An updated schedule and agenda follows below. A registration form is attached. This AGM is made possible by the generous support of our sponsors, who share the NAMBC’s confidence in Mongolia’s future: Centerra Gold, Wagner Asia, Nomadic Expeditions, Hogan Lovells (Mongolia) LLC, SOCO International, 5.11 Tactical and Mongolia Business Database.
 
“This year we have the largest-ever number of speakers and delegates from Mongolia,” said NAMBC Chairman Frank Herbert, “as well as the largest number of former American ambassadors to Mongolia ever assembled at the same place and the same time.” Also speaking are the Mongolian Ambassador to the US B. Altangerel and the Mongolian Ambassador to Canada R. Altangerel. Herbert also noted that the discussion on future Mongolian economic growth included experts from a broad variety of sectors including mining, equipment supply chain, infrastructure, finance, think-tanks, tourism, agriculture, investment, the legal community and the Canadian and US governments. This group includes CEOs or senior officers of four major mining investors in Mongolia.
 
Some group rate room reservations at the Residence Inn Pentagon City may still be available; the deadline was April 5 . If any are still available, group rate rooms are US$274.54 per night inclusive of tax, complimentary internet, hot breakfast buffet and free shuttle service to Reagan National Airport and the Metro station. To inquire about availability and to book rooms, please immediately call NAMBC Event Manager Sarah Bucy, 01+703-413-6588, Sarah.bucy@marriott.com, and be sure to reference the NAMBC AGM at the Residence Inn Arlington Pentagon City in order to obtain the group rate. Do not attempt to register for the group rate online at this late date.
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Oil edges up as Saudis reported to back extension of production cuts www.rt.com

 
Crude surged on Wednesday, putting oil prices on track for their longest winning streak since August 2016 on reports Saudi Arabia will back extending output reductions.
 
Brent crude futures were up 29 cents, or 0.52 percent at $56.52 per barrel. US West Texas Intermediate was trading up 25 cents, or 0.47 percent at $53.65.
 
On Tuesday, Bloomberg quoted a person familiar with the kingdom’s internal discussions that the Saudis are likely to back extending the curbs to end a three-year oil glut. However, the final decision hasn’t been made, the source said.
 
Saudi Arabia has made significant cuts, slashing production by 4.5 percent since late 2016 despite a slight growth in March to 9.98 million barrels per day (bpd).
 
"Saudi Arabian production reduction appears to be ahead of forecast and gave oil a boost," said Jeffrey Halley of futures brokerage OANDA in Singapore, as quoted by Reuters.
 
OPEC is scheduled to meet on May 25 to discuss whether to extend output cuts of 1.2 million barrels per day for another six months.
 
Russia, Mexico, Kazakhstan and several other non-OPEC countries have agreed to curb their production by 600,000 barrels per day. Russia has pledged half of the cuts.
 
However, prices are dragged down by information from the United States, where both production and inventories are rapidly growing.
 
US crude production is set to grow to 9.9 million bpd in 2018, from 9.22 million bpd this year. American stocks rose to a record 535.5 million barrels this month.
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Gold price jumps on Trump comments, North Korea www.mining.com

 
While industrial metals investors were offloading the sector's big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea, gold was enjoying one of its best trading sessions of the year.
 
Safe haven buying saw gold bulls chase the metal higher throughout the day and comments by Trump in an interview with the Wall Street Journal that the US dollar "is getting too strong" only added fuel to the fire late afternoon.
 
On the Comex market in New York gold for delivery was last trading at $1,289 an ounce, the highest since November 10 and up 2.6% so far this week.
 
Reaction from top gold stocks were fairly muted with Barrick Gold adding half a percentage point on Wednesday bringing the top gold producer's year to date gains to 26.5%.
 
Number two in terms of output, Newmont Mining ended the day slightly lower, before finding fresh buyers after hours, while Vancouver-based Goldcorp added 1.1% in New York.
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UK rejection of €60bn Brexit bill would hurt EU's credit rating - S&P www.rt.com

 
The European Union's credit rating could be downgraded if the UK refuses to pay the €60 billion obligation in the course of implementing the country's exit from the bloc, warns Standard & Poor's.
 
“The EU ratings could come under pressure in an adverse scenario. This is because our ratings on the EU are to a certain extent predicated on our expectation that the UK would honor its share of financial obligations to the EU,” S&P said in a report seen by the Telegraph.
 
EU officials are not only demanding Britain pay €60 billion as it quits the bloc but insist a settlement of the issue should be reached before any other stages of Brexit negotiations can start.
 
The so-called divorce bill is aimed at covering the costs of significant pension contributions and financial liabilities, according to Brussels.
 
The warning issued by the agency will reportedly make the EU even more steadfast when it comes to the matter, as it reveals the risks the bloc may face in case of a hard Brexit.
 
The EU has an AA credit rating, the second highest awarded by S&P. Previously the EU enjoyed the highest AAA rating but was downgraded shortly after the results of the UK referendum.
 
“After the decision by the UK electorate to leave the EU, we have reassessed our opinion of cohesion within the EU, which we now consider to be a neutral rather than positive rating factor,” S&P said at the time.
 
British officials said the UK was ready to pay a settlement to the EU but the demanded sum was too high.
 
The S&P warning came after the claim by an influential Lords' committee that Britain is not legally obliged to pay Brussels any compensation.
 
“This is being presented in a binary way as a divorce bill, in which we owe them. It's not like that. It's more like leaving a gym or a club. You don't continue to pay for other people to use the facilities after you leave,” an unnamed government source said as quoted by the Telegraph.
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Mongolia-China forum on urban development investment held www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On April 11, Ministry of Construction and Urban Development of Mongolia, Embassy of Mongolia in Beijing and Mongolian National Construction Association co-organized a forum themed “Mongolia-China Investment for construction and urban development-2017” at the Embassy of Mongolia in Beijing.
 
The forum was attended by over 150 representatives from public and private sectors of Mongolia and China. Opening speeches were delivered by D.Gankhuyag, Ambassador Extraordinary and Plenipotentiary of Mongolia to China and G.Munkhbayar, Minister of Construction and Urban Development.
 
During the forum, the Mongolian delegates delivered a presentation on the current development of Mongolia’s construction and urban development industry and large scale projects to be implemented in the near future in Mongolia. Also, individual business meetings among the companies engaged in the construction sector were held.
 
Furthermore, within the framework of the Mongolia's Construction Minister's visit to China, the Embassy of Mongolia in Beijing launched a special webpage on the website of the Embassy on April 11. At the initiative of Ambassador D.Gankhuyag, the Mongolian Embassy in Beijing is working to create an online pictorial archive of Mongolia's historical and cultural heritages found in the territory of China and other parts of the world.
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Chuluut Canyon Skywalk construction commences www.montsame.mn

Ulaanbaatar /MONTSAME/ Canyon of Chuluut, located in Arkhangai aimag, is a key tourist attraction of Mongolia. 150-meter long glass bridge is being built over the canyon. The project executors say it will be commissioned by Naadam, the biggest traditional festival of Mongolia observed in July.

The skywalk is being made in frames of a project called Khusliin Tour (Dream Tour), which is creating a glass eco-park for travelers, incorporating the skywalk, a mirror maze, steps leading down to the bottom of the canyon to Chuluut River and air slide. The project team plans to entertain the travelers with moto-shows, as well.

Also, within the project, tour camps, one of which will be luxurious and the other, regular. These camps will have 20 glass Gers (tradition dwellings) and 10 ordinary Gers. They are building parking spaces for around 800 vehicles.

The glass bridge will be the fourth skywalk in the world, says the project team. It costs MNT 2.2 billion.

The project team says any foreign or national investors are welcome for cooperation.

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