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

NEWS

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Coking coal price soars past $300 www.mining.com

The market for coking coal took another leap on Monday with the steelmaking raw material surging more than 6% to $300.30 (Australia free-on-board premium hard coking coal tracked by the Steel Index), a 19-week high.

Coking coal has doubled in two weeks on the back of disruption to Australia’s coal exports associated with Cyclone Debbie which caused serious damage to key rail lines serving mines in the state of Queensland.

Three lines are set to re-open by the end of the week according to operator Aurizon but large sections of the Goonyella railroad in the centre of the network could be out for a further four weeks.

Roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed according to a Mining Weekly report.

The global met coal market is around 300 million tonnes per year with premium hard coking coal or PHCC constituting more than a third of the total market. More than half of PHCC seaborne coal come from Australian producers according to TSI data.

A reduction in allowable work days at China's coal mines last year sparked a massive rally in coal prices, lifting met coal prices to multi-year high of $308.80 per tonne by November from $75 a tonne earlier in 2016.

But the speculative rally fizzled soon fizzled out with the commodity hitting a 2017 low of $150.10 a tonne last month. The record spot price for met coal was set in 2011, also after flooding in Australia.

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Cyclone warning issued for Australia's Northern Territory www.bbc.com

Residents in Australia's Northern Territory have been warned to prepare for an expected cyclone.
A slow-moving tropical storm is gathering strength in the Arafura Sea between Australia and Indonesia.
It is likely to become a cyclone on Tuesday before possibly intensifying into a category two system, Australia's Bureau of Meteorology said.
Small island and coastal communities have been warned to prepare for heavy rain, gale-force winds and storm tides.
"The centre of the system is likely to cross the western Tiwi Islands sometime later on Tuesday afternoon," forecaster Craig Earl-Spurr told the NT News.
If the weather system develops as predicted, it will be named Cyclone Frances.

Authorities warned people to lock down loose objects and avoid flooded roads and drains.
"I thought it was going to go around us, but it's probably going to go through us," Tiwi Islands man Gawin Tipiloura told the Australian Broadcasting Corp.
"I don't think we've experienced something [like this] for a long time. Looks like we are going to get hit."
It comes after Cyclone Debbie made landfall as a category four system in Queensland two weeks ago, causing flooding that killed at least six people.

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IFJ calls for inclusive discussion of draft Broadcasting law www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ In a recent statement, the International Federation of Journalists (IFJ) welcomed the decision by the Mongolian Government to place the draft Broadcasting Law before Parliament.
 
The IFJ also joined its affiliate, the Confederation of Mongolian Journalists (CMJ), in calling on the Mongolian Government to ensure thorough consultation with stakeholders on the law and potential implementation.
 
In early March, the draft Broadcasting Law was put forward to the Mongolian Parliament after several years of debate and numerous versions. “Mongolia’s media has flourished in recent years, boosting 400 media outlets for a population of just three million. Although the law is welcomed to help regulate the media, concerns have been raised about its impacts and ability to address the needs of the media in Mongolia”, the statement read.
 
The IFJ said: “We stand with CMJ in calling on the government to have more inclusive consultations before drafting laws, such as this. The government should ensure that stakeholders, including CMJ, are part of the drafting process, and can provide important and professional advice, due to the wealth of knowledge they have in the media industry.”
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25-Year-Old May Soon Give Hong Kong Its First $1 Billion Startup www.bloombergtv.com

 
Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travelers.
 
Tink Labs Ltd. is in the process of raising about $40 million and aiming for a valuation of more than $1 billion, according to people familiar with the matter. The fundraising isn’t yet complete and the final figures could change, said the people, asking not to be identified because the information isn’t public.
 
Founded in 2012 and led by Chief Executive Officer Terence Kwok, Tink Labs has more than doubled its staffing to more than 300 people over the past year. The financing will go towards staff and expansion costs, and is targeting family offices and institutional investors. In September, Tink Labs raised $125 million at a valuation of more than $500 million, with backing from Foxconn Technology Group, Kai-Fu Lee’s Sinovation Ventures and Cai Wensheng, chairman of Meitu Inc.
 
While China has an ever-growing bevy of so-called unicorns, Hong Kong startups have been absent from the list, according to data compiled by CB Insights. Hong Kong doesn’t have a single startup valued at $1 billion-plus, even though it has an advanced economy that’s considered one of Asia’s financial capitals. That dearth stems partly from a cultural norm that favors stable jobs in established companies rather than risky go-it-alone propositions. At the same time, businesses often targeted by startups -- such as retail -- are controlled by a handful of local billionaires and their conglomerates.
 
Tink Labs, which puts smartphones in hotel rooms, is aiming to be available in 1 million rooms by 2018, according to documents seen by Bloomberg. The company’s phones can be used by hotel operators to promote their services, either in the room or when taken out by lodgers as a free-to-use city guide and mobile device. The startup has around 120,000 smartphones, named Handy, installed in hotel rooms operated by major groups including Starwood and Accor, and marquee locations such as The Ritz, London.
 
“Obviously they have some challenges because it’s not suited for every hotel,” Lee said. “Within China, travelers probably don’t have as much to gain. So it’s ideally suited for Hong Kong, Singapore, Switzerland and countries like that.”
 
Foxconn, which invested via FIH Mobile Ltd., is working with Tink to provide a new version of its smartphone, which will allow users to control in-room entertainment.
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BHP Urged by Elliott to Unify Structure, Separate Petroleum www.bloomberg.mn

 
BHP Billiton is being targeted for an overhaul by sometimes-activist Elliott Management Corp., which is urging the world’s biggest mining company to unify its corporate structure, spin off more assets and improve capital returns.
 
The resources giant, which has two separate legal entities listed in Sydney and London that are run as one group, should unify into a single Australian-headquartered company, Elliott said in a press release Monday. The New York-based hedge fund is also urging BHP to seek a demerger of its U.S. petroleum business, which Elliott said is worth about $22 billion. Shares of BHP surged 4.6 percent to A$25.73 at the close Monday in Sydney.
 
Elliott is arguing BHP, which has a market value of about $96 billion, should return capital through buybacks that would maximize tax credits and discourage expensive cash acquisitions. The investment firm, which referred to talks already held with BHP management, said the changes could boost shareholder value by about 50 percent. Elliott said it owns about 4.1 percent of BHP’s London-listed shares and has rights to acquire 0.4 percent of its Australian stock.
 
“Despite the first-class quality of most of BHP’s assets, BHP as an investment has underperformed,” Elliott said in a letter to the company’s board. Most of that underperformance “has been driven by the incomplete status of management’s streamlining and value-optimization of BHP’s group structure and asset portfolio.”
 
A Melbourne-based spokesman for BHP said he couldn’t immediately comment.
 
BHP has been slashing costs as it seeks to position for an era of meager demand growth amid cooling economic expansion in China, the company’s top customer. Elliott, which manages about $33 billion, is adding BHP to a list of other companies it’s recently targeted including Samsung Electronics Co., Marathon Petroleum Corp. and NRG Energy Inc.
 
Chairman Jacques Nasser in November 2015 defended BHP’s current structure as two listed firms, warning the costs of changing the setup would likely be high. Under terms of the 2001 merger of BHP Ltd. and Billiton Plc that created the group, holders of London or Sydney-listed shares receive equal cash dividends, according to the producer’s annual report. They remain separate legal entities, with BHP Billiton Ltd. trading in Australia and BHP Billiton Plc listed in London.
 
Elliott said BHP “took an important first step towards streamlining” with the 2015 spinoff of South32 Ltd., which included smaller operations across a suite of commodities and focused BHP around key assets in iron ore, coal, copper and oil. The creation of Perth-based South32 reduced BHP’s portfolio from about 40 operations to 19 core assets.
 
Still, that move “actually magnified the inefficiencies” of BHP’s dual corporate structure, leaving its London entity generating just 10.3 percent of revenue, Elliott said. The commodity producer should create a single company, which would continue to be managed from Australia and retain BHP’s current stock market listings, according to Elliott.
 
Competing Priorities
 
BHP, the largest overseas investor in U.S. shale, should seek a separate listing of its U.S. onshore petroleum and offshore Gulf of Mexico assets on the New York Stock Exchange to realize their growth potential, the hedge fund said. The business’s expansion opportunities are limited under BHP, which has competing priorities for capital allocation, according to Elliott.
 
The investment firm is also arguing BHP could buy back shares effectively at a 14 percent discount by making better use of about $9.7 billion accumulated franking credits, which offset taxes on Australian stock dividends. The proposed changes would also “help management to avoid making badly timed acquisitions paid for in cash,” Elliott said, and “increase the scope for management to pursue appropriate acquisition opportunities using unified BHP’s own shares.”
 
BHP lowered its dividend for the first time in 15 years in February 2016 amid weaker commodities prices and scrapped a guarantee of continually rising returns. The company switched to a policy to provide payouts at a minimum of 50 percent of underlying attributable profit.
 
Any separation of the petroleum business would mark a shift from the recent strategy under BHP Chief Executive Officer Andrew Mackenzie, who has been in his post for nearly four years. The company said in February that oil and copper are better placed in longer-term than materials including iron ore and coal. BHP will direct about three-quarters of capital expenditure over the next five years to the two favored commodities, according to Macquarie Group Ltd. forecasts.
 
BHP in December outbid BP Plc to partner with Petroleos Mexicanos on the Trion oil field in the Gulf of Mexico. In February, BHP approved its $2.2 billion share of spending on the Mad Dog Phase 2 oil project. The company earned about 20 percent of its underlying profit from the global oil business in the six months ended December, less than half the proportion coming from iron ore, data compiled by Bloomberg show.
 
Elliott, led by billionaire Paul Elliott Singer, makes investments that typically involve complex legal analysis and corporate research. While most of its investments aren’t activist -- where it amasses shares and seeks changes to boost shareholder returns -- it’s those campaigns that often attract the most attention.
 
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Morin Khuur to be taught at Austrian conservatory www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Traditional Mongolian instrument Morin Khuur or horse head fiddle is to be taught at Franz Schubert Conservatory based in Vienna, Austria.
 
In a recent Facebook post, Morin Khuur player at Music and Dance College of Mongolia B.Sanjaajav announced that a Morin Khuur teaching program has indeed been approved by the institute.
 
B.Sanjaajav proposed a 4-year Morin Khuur course to the conservatoire in September, 2016 following which the governing board and corresponding division reviewed the proposal for over a month and approved with pending improvements. The due improvements were made to the Bachelor’s program and its instruction plan by B.Sanjaajav who alongside Daniela Egg, Director of the Franz Schubert Conservatoire signed a document formalizing the introduction of the course in February, 2017.
 
“Not only can international students at the Franz Schubert Conservatoire learn how to Mongolian Morin Khuur in Austria, they will learn about Mongolian culture and music”, wrote the enthusiastic musician. He considers the event to entail positive outlook for Mongolian tourism sector as well.
 
He also highlighted that this is the first time a Mongolian Morin Khuur program is introduced to a foreign conservatoire.
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WeChat to make more of UK pay digitally www.chinadaily.com.cn

 
WeChat Pay is expanding into the United Kingdom next month.
 
China's biggest mobile payments platform in terms of number of transactions will offer a new payment option to British retailers looking to attract Chinese shoppers.
 
"In overseas markets like Europe, we'll keep focusing on the development of services to best serve EU companies interested in leveraging digital channels to foster business opportunities with Chinese customers," said Andrea Ghizzoni, European director of Tencent, the company that owns WeChat.
 
In the UK, WeChat Pay has linked up with the British payments company Tramonex, which will help WeChat Pay integrate its payments infrastructure with British retailers.
 
"We know we can bring real value to the WeChat Pay solution and the entire team is very excited about this opportunity," said Amine Berraoui, CEO of Tramonex. "This arrangement goes a long way in developing Tramonex's footprint and awareness within Asia and completely opens up the East-to-West corridor, fulfilling the goal of facilitating global flows."
 
WeChat Pay's foray into Italy in 2015 enabled Italian merchants to accept mobile payments from Chinese customers by scanning a barcode.
 
France and Germany are to be next European destinations for WeChat Pay, which has 800 million users in China, thanks to WeChat, China's largest social media network in terms of daily users.
 
They use WeChat Pay in wide-ranging ways: for restaurants bills, online and offline shopping, digital transactions for hotel bookings and travel tickets, and even to pay street vendors.
 
WeChat Pay's European expansion follows that of Alipay, another Chinese mobile payment company, which is an affiliate of the Chinese e-commerce giant Alibaba.
 
With two years of operating history in the UK, Alipay has linked up with powerful European banks, including BNP Paribas, Barclays and UniCredit, enabling 930,000 merchants to join its payment network.
 
In the UK, Alipay is accepted at many luxury stores and brand retailers, including Harrods in London. Alipay has 450 million active users in China.
 
Ghizzoni said WeChat Pay is already available at more than 50 locations in Italy, including large fashion and luxury brand outlets, retail companies and the hospitality industry.
 
"Revenues are already in the range of millions, and we expect them to grow significantly this year," he said.
 
Ghizzoni said WeChat Pay is also working with clients to find ways to promote their products to Chinese consumers, leveraging on WeChat's advertising capabilities and Tencent's cloud solutions.
 
"All these tools can prove extremely successful to help Western brands reach and serve Chinese consumers in a consistent and effective manner," he said.
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IMF to upgrade Japan's projected growth www3.nhk.or.jp

 
Officials at the International Monetary Fund are compiling their growth forecasts ahead of the G20 summit on April 20th.
 
They've indicated that Japan's GDP will expand from 1 to 1-and-a-half percent this year.
 
That's higher than their previous estimate in January of 0.8 percent. They say firm exports will likely be the main contributor.
 
IMF officials are also looking to upgrade Britain's GDP growth outlook from 1-and-a-half percent to around 2 percent.
 
The IMF will also warn against protectionist policies around the world, which they say could dampen global growth.
 
The officials say other future risks include rising numbers of migrants due to civil wars in Syria and Africa.
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Technology & investment Mongolia expo to be held www.mongolia.gogo.mn

 
“Technology and Investment to Mongolia”-2017, an annual International technology exhibition and conference will take place on April 20-21 at Shangri-La Hotel, Ulaanbaatar. The exhibition’s unique mission is to introduce the cutting edge technology to priority 10 sectors including infrastructure, construction industry, mining industry, city and rural planning, environmental technology, renewable energy, agriculture, industry sector, energy sector and financial sector. Moreover, the expo will feature international investors as well as focus on the investment.
International top companies from Austria, German, Switzerland, French, and South Africa will introduce their products at the expo.
 
Moreover, the expo is offering its participants a direct access to the Government of Mongolia through its Government Hour event. The Organizing Committee will accept questions and comments from various participants. All questions will be directed to the respective government body in advance of the event hence giving ample time for appropriate officials to prepare to address the issue in a constructive way during the Government Hour.
 
“Technology & Investment to Mongolia”-2017 exhibition is welcoming the representatives of Construction, Urban Development, Mining, Renewable Energy, Food processing and General Aviation sectors. Registration is now open at www.tim.mn
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China offers concessions to avert trade war with U.S.: FT www.reuters.com

 
China will offer the Trump administration better market access for financial sector investments and U.S. beef exports to help avert a trade war, the Financial Times reported on Sunday, citing officials familiar with the matter.
 
China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.
 
"China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump's election victory)," the Financial Times also reported citing a Chinese official involved in the talks.
 
U.S. Commerce Secretary Wilbur Ross said on Friday that President Donald Trump and Chinese President Xi Jinping have agreed to a new 100-day plan for trade talks on Friday.
 
The U.S. trade department was not immediately available for comment while the China's ministry of commerce could not be reached for comment.
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