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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Massive oil discovery in Alaska is biggest onshore find in 30 years www.mining.com

Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades.
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices.
The new discovery was made in just the past few days in Alaska's North Slope, which was previously viewed as an aging oil basin.
Spanish oil giant Repsol (REPYY) and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as 2021 and lead to as much as 120,000 barrels of output per day.
The oil resources lie in a well, called Horseshoe, that's 75% owned by Denver-based Armstrong. Repsol owns the rest of this well.
The discovery is 20 miles south of where the two companies have already found oil in a project known as Pikka. That northern project is already in early development and is 51% owned by Armstrong, which is the operator on both developments.

Of course, this news won't ease rising concern among investors about the stubborn glut of oil in the U.S. There are increasing signs that shale oil producers are preparing to ramp up output after surviving a two-year price war with OPEC.
Related: Booming again: U.S. poised for record oil output
alaska oil repsol
Repsol, which is based in Madrid, is shown here drilling for oil in Alaska.
Repsol has been actively exploring in Alaska since 2008 and has an additional presence in the Gulf of Mexico. Shares of the oil and gas company jumped nearly 3% in Madrid trading on Friday.
The North Slope find comes less than six months after Caelus Energy and private-equity giant Apollo Global Management announced a massive Alaska oil discovery in the waters of Smith Bay.
All of this is a big win for Alaska, which last year had to freeze hiring and limit state employee travel due to trouble in the oil industry. Alaska, which relies on oil and gas taxes for the vast majority of its state revenue, has been hit by the one-two punch of shrinking production from its mature fields and the fact that oil prices have been cut in half in recent years.
Things have gotten so bad that the Trans-Alaska Pipeline System is barely being used these days.
"This is also great news for the State of Alaska," Alaska Governor Bill Walker said in a statement. "We must all pull together to fill an oil pipeline that's three-quarters empty."

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Mongolia-Canada roundtable meeting takes place in Ottawa www.en.montsame.mn

Ulaanbaatar /MONTSAME/ A Roundtable Meeting on Intergovernmental Cooperation of Mongolia and Canada was held on March 9 in Ottawa. The meeting was chaired by the Minister of Mining and Heavy Industry of Mongolia, Mr Ts.Dashdorj and the Assistant Deputy Minister for Foreign Affairs of Canada, Mr Donald Bobiash.

The sides touched on a wide range of issues, including cooperation in politics, economy, investment, defense, science and culture.

Both sides reassured that the cooperation in economy and investment occupies an important position in the bilateral relations, while agreeing to activate collaboration in mining, agriculture, infrastructure and environment. The dignitaries unanimously agreed that the recently enforced intergovernmental agreement on promoting investment gives a great impetus to expand and boost the Mongolia-Canada economic cooperation.

Improving efficiency and broadening the scope of development cooperation was also discussed. The Government of Canada included Mongolia in the list of recipients of official development assistance in 2014, and six projects are being realized in mining, agriculture, public and other sectors.

After exchanging views on international and regional affairs, the sides agreed to continue collaborating in the spheres of strengthening democracy, protecting human rights and freedom, enforcing UN reforms and peacekeeping.

The Mongolia-Canada ties have been strengthening under the Joint Statement on Expanded Partnership and Canada has become a reliable partner and “third neighbor” of Mongolia in North America.

The 7th Mongolia-Canada Roundtable Meeting was concluded with success, having touched on broad range of matters regarding partnership and designating the objectives of future cooperation.

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MBD Business offers #13

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Water heaters(Uzbekistan)"Italian brand"
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Aluminum constructions,Plastic systems(Uzbekistan)
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Three European countries want to create artificial power island in North Sea www.rt.com

 
Denmark, Germany and the Netherlands have revealed plans to jointly build a giant artificial island in the North Sea with wind farms providing power for 80 million people.
 
The plan envisages the island on the large Dogger Bank sandbank roughly at the center of the North Sea between Denmark, Germany, Britain, Norway, and Belgium, with connections to each. It will have its own runway and harbor.
 
The island would be around six square kilometers in size and connected to wind farms in countries around the sea through a power hub able to distribute energy to consumers across the region.
 
Specialists say that area of the North Sea gets a lot of wind and makes the spot an ideal location for a green power hub.
 
The ambitious project is aimed at cutting costs for customers, according to a statement from Energinet.dk, the Danish national transmission system operator for electricity and natural gas.
 
”Maybe it sounds a bit crazy and science fiction-like, but an island on Dogger Bank could make the wind power of the future a lot cheaper and more effective,” said Torben Glar Nielsen, the company’s technical director in a news release.
 
Energinet.dk said it will generate 70-100 GW of power through windmills connected to the island, that is enough to provide 80 million Europeans with power.
 
The project is supported by Denmark's Energinet.dk and TenneT, the national electricity transmission system operator in the Netherlands.
 
”This project can greatly contribute to a sustainable electricity supply in Northwest Europe. I am happy that we are going to take this step with our Danish colleagues and I look forward to the participation of other transmission system operators and possibly other partners,” said TenneT CEO Mel Kroon.
 
The firms are due to seal the deal at the end of the month and begin a feasibility study. Discussions with other possible partners are still ongoing.
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France warns construction giant Lafarge against participating in Trump’s wall project www.rt.com

 
The French government has warned the French-Swiss firm LafargeHolcim over plans to sell cement for the building of the US-Mexico border wall, the Local France reported.
 
On Thursday, Foreign Minister Jean-Marc Ayrault called on the company to "think carefully" before supplying material to construct the wall, insisting it had social and environmental accountability.
 
The building of a wall along the border between the United States and Mexico was ordered by US President Donald Trump in January to stop illegal immigration. The cost of the project is estimated at $8 billion to $14 billion, but experts say the cost will be much higher, at up to $25 billion.
 
"We are prepared to supply our materials to all types of infrastructure projects in the United States," LafargeHolcim chief executive Eric Olsen told AFP.
 
"We are the leader in cement, so we supply all our customers," he said. "We are here to support the building and development of the United States."
 
The world's leading building materials company LafargeHolcim was created in 2015 by the merger of French cement manufacturer Lafarge and its Swiss counterpart Holcim.
 
Lafarge faced accusations of paying taxes to the Islamic State (IS, formerly ISIS/ISIL) in 2013-2014 to continue operations in northern Syria. Last week the company admitted providing funds to “certain armed groups” and “sanctioned parties” in Syria when it faced operational and security challenges. Lafarge called the decision “unacceptable.”
 
Ayrault brought up the Syria scandal, saying Lafarge "should think about its own interests, as other clients around the world are going to view this with a degree of surprise."
 
LafargeHolcim hopes to be one of the big winners from the $1 trillion infrastructure investment program Trump has promised will renovate bridges, tunnels, roads and airports.
 
The company head said "there is going to be a significant increase in infrastructure spending," although the benefits are not likely to be felt this year "because it takes time for these infrastructure projects to get going."
 
It “will partially affect our business in 2018 and certainly in 2019, 2020 and 2021," added Olsen.
 
LafargeHolcim has production sites in Texas and operations in New Mexico and Arizona, three of the four US states bordering Mexico. It is expected to announce the creation of new US jobs in the coming weeks.
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Canadian miner Kincora leads Mongolian copper rush www.nasdaq.com

LONDON, March 7 (Reuters) - Canadian miner Kincora Copper <KCC.V> plans over coming months to start exploration drilling in Mongolia, its CEO told Reuters, calling the area "one of the last frontiers" for top quality copper assets. With technologies such as electric vehicles expected to stoke demand, the mining industry is keen to discover copper reserves as existing mines get depleted. Kincora's CEO Sam Spring compared Mongolia to Chile, the world's largest copper producer, in the 1970s when it was still under-explored and said he hoped to find another Oyu Tolgoi, using a team with experience of finding tier-one copper assets. Last year Rio Tinto <RIO.AX> <RIO.L> gave the go-ahead for a $5.3 billion expansion of the Oyu Tolgoi mine in the South Gobi desert, one of the world's largest copper deposits. [nL3N18319B] "In the upcoming months, Kincora is looking to drill two targets," Spring said in a telephone interview. One -- named Bayan Tal -- is the first identified since Oyu Tolgoi with similar geology. The other -- East Tsagaan Suvarga -- is in the same mineral system as the existing Tsagaan Suvarga mine, included in the government's list of strategic mineral deposits. So far Kincora has 10 licences, giving it acreage of 15,000 square kilometres (5,800 square miles), and has applied for two more. Spring says the company has overtaken Rio "as the most aggressive group" exploring in this area. Mongolia, almost entirely dependent on coal and copper for foreign export earnings, needs international investment following an IMF-led loan agreement. [nL8N1G518U] It has said it plans to double the amount of land available for exploration of raw materials. [nL2N1GI020] (Reporting by Barbara Lewis; Additional reporting by Susan Taylor in Toronto; Editing by Ruth Pitchford) ((Barbara.hm.Lewis@thomsonreuters.com; +44 207 542 2932; Reuters Messaging: barbara.hm.lewis.thomsonreuters.com@reuters.net))

Read more: http://www.nasdaq.com/…/canadian-miner-kincora-leads-mongol…

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Mongolia sees no change in Oyu Tolgoi copper stake www.finance.yahoo.com

TORONTO/LONDON, March 8 (Reuters) - Mongolia said it has no plans to change the size of its stake in the massive Oyu Tolgoi copper mine, although it is seeking to boost exploration as it works to bolster its finances following an IMF-led loan deal.

Oyu Tolgoi is jointly owned by the government of Mongolia (34 percent) and Turquoise Hill Resources (66 percent), which in turn is 51 percent-owned by mine operator Rio Tinto.

Industry insiders say there is a logic in Mongolia selling down its relatively large state holding, while Rio's stake is relatively small given that it is operator.

Asked whether Mongolia might sell some of its stake, the mining minister said there were no plans for any change for now.

"Our ministry has to find out all possible options that are good for Mongolia and within that framework we are researching all possibilities. But currently, there is no such plan, but it is something that we can watch," Mongolia mining and industry minister Dashdorj Tsedev told Reuters on the sidelines of a conference in Toronto.

Rio Tinto declined to comment.

Geologists and mining executives see Mongolia as one of the world's best copper prospects and some are hoping to find another Oyu Tolgoi.

Also this week, the mining and industry minister said Mongolia aimed to double the amount of land available for exploration and the country hoped to build a copper smelting plant.

(Reporting by Susan Taylor in Toronto and Barbara Lewis in London, editing by David Evans)

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Mongolia sends off athletes to Special Olympics www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ March 9, Thursday saw a send-off ceremony for Mongolian athletes to partake in the 2017 Special Olympics World Winter Games which will take place in Austria on March 14-25.
 
Team Mongolia first participated at the 2013 Special Olympics World Winter Games held in Pyeongchang, South Korea. And Mongolia sent 14 athletes to the 2015 Special Olympics World Summer Games who claimed 4 gold, 4 silver and 4 bronze medals in 3 categories.
 
This time, 14 Mongolian athletes are to compete under the supervision of 3 coaches in bandy, cross-country ski and snowshoeing.
 
Present at the send-off ceremony were S.Oyun, Head of Mongolian Special Olympics Committee, O.Gerel, senior specialist at Department of Sports Policy at the Ministry of Education, Culture, Science and Sports, Ts. Sharavjamts, Authority of Physical Culture and Sports and coach Ch.Nasantogtokh, Hero of Labor.
 
During the ceremony, bandy player D.Tuguldur was handed over the national flag by Ch.Nasantogtokh.
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Mongolia signs visa exemption agreement with Argentina www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the 1st political consultative meeting between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs and Worship of Argentina hosted in Ulaanbaatar on March 9, Thursday, sides agreed on the terms of and signed an agreement on mutual visa exemption for holders of all passports.
 
The meeting was chaired by D.Davaasuren, Secretary of State of the Mongolian Foreign Ministry and Gustavo Zlauvinen, Argentina’s Under-Secretary for Foreign Affairs, and addressed means of developing bilateral political, trade, economic and humanitarian ties, short-term goals for cooperation and possible sectors.
 
Particularly, sides agreed that there are opportunities and resources for agricultural cooperation between Mongolia and Argentina. The Argentine side expressed its willingness to share its experience of eradicating highly contagious animal diseases, and cooperate in this area. Furthermore, the side expressed readiness to arrange a visit by Mongolian Minister for Food, Agriculture and Light Industry to the country, and deploy Argentine agricultural specialists to Mongolia.
 
The Argentine side will be focusing on the matter of Mongolians studying agriculture and diplomacy in Argentina.
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Mining-oriented Mongolia-Canada cooperation expanding to other sectors www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Agreement on Promotion and Protection of Investments between the Governments of Mongolia and Canada has taken effect. This was announced by the officials of both governments during the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto.
 
Minister of Mining and Heavy Industry of Mongolia Ts.Dashdorj and Canadian Minister for International Trade F.P.Champagne touched upon this matter.
 
Under the agreement, Canadian investors were negotiated to invest in other sectors than mining, such as agriculture, infrastructure and renewable energy.
 
The government of Canada has made an investment of USD 6.4 billion to Mongolia in the past two years, according to a statistical report by Canadian agency.
 
 
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