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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Starbucks partners with WeChat to launch social gifting tool www.chinadaily.com.cn

 
Starbucks today announced the launch of "用星说" (Say it with Starbucks), a new social gifting feature on WeChat, China's leading mobile social communications service.
 
The launch is the result of a strategic partnership between Starbucks and Tencent, WeChat's developer, in December 2016.
 
"Starbucks is the first retail brand to bring to life a locally-relevant social gifting experience in China," China Digital Ventures vice president Molly Liu said.
 
During the first stage, WeChat's wallet function offers convenient access for 'Say it with Starbucks' users. They can select from a carefully curated selection of Starbucks-branded gifts and add a personalized message in the form of text, image or video to lift the day of a loved one. Once a gift is received, it will be saved in the recipient's WeChat app and can be redeemed at any Starbucks store in the Chinese mainland.
 
"This is the beginning of an exciting social gifting journey for Starbucks. We are looking forward to inspiring even more of our customers to show their love and appreciation through ‘Say it with Starbucks'. Meanwhile, we will continue to enhance the social gifting experience to celebrate important festivals and holidays in China and the special moments in our customers' lives," Liu added.
 
WeChat targets Chinese domestic users and has 846 million global monthly active users (as of the third quarter of 2016).
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Erdenes Mongol and MAK officiates public-private partnership in mining www.montsame.mn

Ulaanbaatar /MONTSAME/ The state-owned “Erdenes Mongol” LLC and the Mongolyn Alt Corporation (MAK) established a joint company named “Erdenes Ashid” to work in geological exploration and studies by signing the agreement on Monday, February 13.

The joint company is to conduct geological explorations, assessments and detailed studies, and is to manage and operate concentrate plants and other factories based on mineral deposits.

Executive Director of Erdenes Mongol LLC Ts.Tumentsogt said: “Founding this company is facilitating the state-owned company to collaborate with MAK, which has abundant expertise in mining exploration and geology”.

“MAK has more than a hundred specialists of mining exploration, whereas the geological exploration is a new field for Erdenes Mongol. Therefore, the companies will be sharing resources to undertake mutually beneficial projects. Our vision is to attract more foreign investment in Mongolia’s mining sector and discovering new deposits”, he added.

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Japan business leaders react to Abe-Trump talks www3.nhk.or.jp

 
Japanese business leaders have reacted positively to the meeting between Prime Minister Shinzo Abe and US President Donald Trump.
 
Sadayuki Sakakibara, the Chairman of the Japan Business Federation, or Keidanren, said it will have a significant impact on the future of Japan-US relations.
 
He said he hopes Japan and the US will both benefit from growth and job creation. He added that the two countries will play a leading role in building free and open international economic environments.
 
Toyota Motor President Akio Toyoda told reporters that both leaders agreed to talks based on free and fair trade.
 
Toyoda also expressed hope for an economic dialogue between Japan's Deputy Prime Minister Taro Aso and US Vice President Mike Pence.
 
He added that his company will continue to seek recognition in the US for its contribution to the country's economy.
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Germany repatriating gold faster than planned as confidence in euro plunges www.rt.com

 
Berlin is bringing home its gold reserves stored in New York, London and Paris faster than scheduled, Germany’s central bank said Thursday. The move is linked to surging euroskepticism, as new governments in France and Italy may ditch the single currency.
 
The German Bundesbank has already moved 583 tons of gold out of New York and Paris, planning to have a half of its gold back in Germany by the end of 2017, which is ahead of the 2020 plan. The rest will be split between the Federal Reserve Bank of New York and the Bank of England.
 
"We have a lot of discussions about Trump, regarding implications on monetary policy, macroeconomics, etc., but we trust the central bank of the US," Bundesbank board member Carl-Ludwig Thiele told a news conference.
 
"Trump has not triggered a discussion about the storage facility in New York," he said.
 
As French presidential candidate Marine Le Pen and Italy's 5-Star Movement are openly calling to pull out of the euro, some economists in Germany say the repatriated gold may be needed to back a new deutschmark should the eurozone collapse.
 
During the Cold War, 98 percent of Germany's bullion was stored abroad, and so far the biggest repatriation was in 2000 when the Bundesbank repatriated 931 tons from the Bank of England.
 
When the relocation is complete, Germany will still have 1,236 tons in New York, 432 tons in London and the rest in Frankfurt. The current repatriation involves moving 300 tons from New York and 374 tons from Paris. The Bundesbank said it is not worried about keeping gold in England despite Brexit, as London remains a key gold trading market and a safe place.
 
Germany has the second-largest gold reserves in the world after the US with 3,381 tons.
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Hyundai Motor hires former GM researcher to lead self-driving car center www.reuters.com

 
Hyundai Motor Group (005380.KS) has hired a former General Motors (GM.N) researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology.
 
Lee Jin-woo, 47, who has previously led autonomous driving technology development at General Motors (GM) for more than a decade, will head the newly established Intelligent Safety Technology Center - a combined research body for Hyundai Motor and its affiliate Kia Motors (000270.KS) - starting on Monday.
 
"The new centre will not only enhance existing Advanced Drive Assistance System technologies but also conduct research into artificial intelligence related self-driving car technologies with the aim of commercializing those technologies," Hyundai Motor said in a statement on Monday.
 
Hyundai Motor and Kia, together the world's fifth-largest automaker, aim to develop highly automated vehicles by 2020 and fully autonomous vehicles by 2030.
 
However, experts say Hyundai needs to do more to catch up with rivals in the self-driving car race.
 
Last week, Ford Motor Co (F.N) announced plans to invest $1 billion over the next five years in autonomous vehicle tech firm Argo AI, while GM made a billion-dollar bet a year ago with its acquisition of Silicon Valley self-driving startup Cruise Automation.
 
"Bringing in one person is not enough. Hyundai should form alliances with other companies, which will help hedge financial risks related to developing self-driving cars at a time of falling profit," said Lee Hang-koo, a senior research fellow at Korea Institute for Industrial Economics & Trade.
 
"But this requires commitment from the top management."
 
Hyundai Motor, which has typically promoted executives from within, has hired a series of executives from overseas, mostly in the design and engineering field.
 
Lee earned a post doctorate at Cornell University, after studying at South Korea's KAIST and Seoul National University.
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Austria gets its first bitcoin digital currency 'bank' www.rt.com

 
The world’s first dedicated bitcoin bank has opened in the center of the Austrian capital Vienna. It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The digital currency outlet is owned and managed by a local Blockchain startup Bit Trust and is named simply ‘Bitcoin-Bank.’
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.
Managing Director of Bit Trust Magdalena Isbrandt told state broadcaster ORF the advantages of digital currency is that transactions "are simply much faster and can be done without a middleman.”
She added that “value and money can be sent straight from user to user.”
To receive a bitcoin, a user must have a special address which looks like a string of 27-34 letters and numbers and acts as a kind of virtual postbox to and from which the cryptocurrency is sent.
Since bitcoin addresses are not registered, that makes the whole transaction process anonymous.
According to Andreas Petersson from Bitcoin Austria, anonymity is the main advantage of using digital currency. "If I pay online with bitcoin, I have a degree of privacy. The vendor does not have my credit card number,” he said as cited by The Local Austria.
“If I pay for purely digital goods, like computer games, I have a much better feeling as I’m not handing over all my private data,” Petersson added.
The first bitcoin ATM was set up in Austria three years ago and was successful enough to inspire the launch of further ones. Vienna now has more than 20 bitcoin-friendly vendors ranging from restaurants, bistros, and bars.
Bitcoin was the best-performing currency in 2016, more than doubling in value during the year. It's 126 percent rally came on the back of strong demand in China.
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Mongolia Parliament Votes to Nationalize Erdenet Copper Mine www.bloomberg.com

Mongolia’s parliament approved a resolution to nationalize copper, gold and iron-ore assets in the country following a probe that found a $400 million transaction with a closely held company was illegal.

Parliament’s resolution invalidates a previous government decision that had authorized the sale of 49 percent stakes in both Erdenet Mining Corp. and Mongolrostsvetmet LLC to Mongolian Copper Corp. The resolution was approved by a vote of 49 in favor to 12 against, according to a broadcast carried on Bloomberg TV Mongolia.

Former Prime Minister Saikhanbileg Chimed announced the sales on the eve of elections in June, declaring the purchases from Russia’s state-controlled Rostec a victory for a country that wanted to put greater control of its natural resources in the hands of Mongolians. Still, Saikhanbileg’s Democratic Party lost the election to the Mongolian People’s Party.

The purchases of the 49 percent holdings in the two mining stakes by Mongolian Copper used illegal loans and violated the constitution, according to the probe conducted by a parliamentary working group. Trade & Development Bank of Mongolia LLC spearheaded financing for the deal.

“It appears that there were various legal, governance and transparency issues surrounding the transaction,’’ Dale Choi, head of Mongolia Metals & Mining, said in an e-mail. “Moreover, it seems that public funding was used for private buyout and the government of Mongolia issued international bonds at an expensive 11 percent to supply FX for the transaction. While the privatization is desirable, the way it was done appears questionable and the rule of law should be applied.’’
TDBM Chief Executive Officer Orkhon Onon said the loans weren’t illegal and didn’t violate banking regulations, according to an e-mailed reply to queries Jan. 30.

The Erdenet Mining and Mongolrostsvetmet joint ventures were set up by the former Soviet Union and Mongolia in the 1970s. Erdenet is focused on copper, while Mongolrostsvetmet mines metals, including gold and iron ore.

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Panama charges two Mossack Fonseca partners over Brazil link www.bbc.com


The arrests are linked to corruption and bribery allegations involving Brazil's construction giant, Odebrecht.
The two men, Ramon Fonseca Mora and Jurgen Mossack, were detained after two days of questioning.
The Mossack Fonseca partners now face charges of money-laundering.
There is information which "allegedly identifies the Panamanian firm as a criminal organisation that is dedicated to hiding assets or money from suspicious origins," said Panama's Attorney General Kenia Porcell, announcing the arrests.
The pair will be held in detention because they are considered a flight risk.
A defence lawyer for the two men described the evidence against them as "weak".
Odebrecht - Latin America's largest construction firm - has admitted to paying $1bn in bribes to obtain in contracts in 12 different countries.
In last April's "Panama Papers" leaks, more than 11 million documents from Mossack Fonseca were released.
They showed how some wealthy people were using offshore firms to evade tax and avoid sanctions.
Mossack Fonseca denied wrongdoing in the case and said it was the victim of a computer hack. It also maintained that the information leaked was being misrepresented.
Mr Fonseca had served as a minister in Panamanian President Juan Carlos Varela's government but stepped aside earlier in 2016 after separate allegations linked his law firm to the corruption scandal engulfing the Brazilian state oil company Petrobras.
 
 
 
 
 
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Germany reclaims gold hidden from Soviets in New York vaults www.cnn.com

Germany's gold has come home.
The country's central bank has completed a transfer of gold bars worth $13 billion from New York to Frankfurt, part of a plan to repatriate roughly half the reserves it keeps abroad.
Germany has been bringing gold home from New York and Paris since 2013. So far, 642 tons has been transferred.

With the latest transfer, the central bank has shifted a total of 330 tons of gold that had been stored with the New York Federal Reserve, deep in a subterranean vault that rests on the bedrock of Manhattan Island. The bank won't say how it moves the gold.
The plan will be completed when a final 100 tons is returned from Paris.
The central bank says it is bringing the gold home to help build public "trust and confidence."
But it's also a recognition that times have changed: Germans are no longer worried about preventing their gold reserves from falling under Soviet control -- a real fear during the Cold War.
And the central bank no longer needs to keep gold in Paris as a protective measure that would allow it to quickly exchange international currency in an emergency. Both countries use the euro.
Germany gold bar 
In the wake of World War II, Germany gradually rebuilt its decimated gold reserves. As its economy strengthened, it converted the U.S. dollars that paid for its exports to gold and stored the proceeds in foreign vaults.
Fears of Soviet invasion kept the reserves abroad even after the value of the dollar was decoupled from the price of gold.

In recent years, rumors and conspiracy theories have circulated in Germany about its foreign gold reserves. Some fringe observers questioned whether they had been lost or otherwise compromised.
The issue eventually spilled over into mainstream politics, and the German Federal Court of Auditors asked for an inspection of foreign gold reserves in 2012.

The central bank mounted a defense, saying it received annual updates from foreign central banks where the gold was being stored. It said that the "integrity, reputation and security of these foreign depositories are beyond reproach."
The following year, however, the central bank announced that it would bring half its reserves home to Frankfurt.
Germany will store its remaining reserves in London and New York, where they could be quickly exchanged for pounds or dollars in an economic emergency.

 
 
 
 
 
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Abe, Trump release joint statement www.nhk.co.jp

Japan's Prime Minister Shinzo Abe and US President Donald Trump have released a joint statement on security and economy after their first summit.

The 2 leaders met at the White House on Friday.

The statement calls the Japan-US alliance the cornerstone of peace, prosperity, and freedom in the Asia-Pacific region.

It refers to an "unwavering" US commitment to defend Japan through the full range of both nuclear and conventional capabilities of the US military.

The United States says it will strengthen its presence in the Asia-Pacific region amid an increasingly difficult security environment, while Japan will assume larger roles and responsibilities in the alliance.

The statement says Abe and Trump instructed their foreign and defense ministers to hold early talks on ways to further strengthen the alliance. This includes a review of the 2 countries' roles, missions, and capabilities.

The 2 leaders affirmed that Article 5 of the bilateral security treaty covers Japan's Senkaku Islands in the East China Sea, and that they oppose any unilateral action that seeks to undermine Japan's administration of these islands. China and Taiwan claim the islands. The Japanese government maintains the islands are an inherent part of Japan's territory.

The leaders noted the importance of maintaining a maritime order based on international law, and said they oppose any attempt to assert maritime claims through intimidation, coercion, or force.

Without naming China, they called on "countries concerned" to avoid actions that would escalate tensions in the South China Sea, including the militarization of outposts.

Abe and Trump affirmed that the 2 countries are committed to a plan to relocate the US Marine Corps Futenma Air Station within Okinawa. The base is currently located in a densely populated part of the prefecture. The leaders agreed that the relocation plan is the only solution that avoids the continued use of the facility.

And they urged North Korea to abandon its nuclear and ballistic missile programs and refrain from taking any further provocative actions. They also affirmed the importance of seeking an early resolution of the issue of North Korea's abductions of Japanese nationals.

On the economy, the statement says Trump and Abe are committed to using the 3-pronged approach of fiscal, monetary, and structural policies to strengthen domestic and global economic demand.

It says they remain fully committed to strengthening bilateral and regional economic relationships based on rules for free and fair trade.

They say this includes setting high trade and investment standards, reducing market barriers, and enhancing opportunities for economic and job growth in the Asia-Pacific region.

The 2 countries reaffirmed the importance of deepening their trade and investment relations and of their continued efforts in promoting trade and economic growth in the Asia-Pacific region.

Abe and Trump pledged to explore how best to accomplish these shared objectives, noting Trump's decision to pull the US out of the Trans-Pacific Partnership free trade pact.

They said this includes Japan and the United States holding discussions on a bilateral framework, and Japan continuing to advance existing regional initiatives.

The leaders also decided to launch economic dialogue between the 2 countries to discuss cooperation across various sectors that will bring mutual economic benefits.

The statement says Abe invited Trump for an official visit to Japan this year and welcomed an early visit by Vice President Mike Pence to Tokyo. It says President Trump accepted these invitations.

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