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

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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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India's JSW Steel faces challenges importing coking coal from Mongolia, sources say www.reuters.com

NEW DELHI, May 1 (Reuters) - JSW Steel (JSTL.NS), opens new tab, India's largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from Mongolia due to unresponsive suppliers and transport bottlenecks, three sources familiar with the matter said.
The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India (SAIL.NS), opens new tab was looking to bring in 75,000 metric tons.
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India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports, with Australia supplying more than half of those shipments. Steel demand has skyrocketed in the country driven by rapid economic growth and increasing infrastructure spending.
In a bid to diversify its supply chain for the key steelmaking ingredient, India has been exploring partnerships with resource-rich Mongolia, which industry officials have identified as a viable source of high-grade coking coal at relatively lower prices.
"There is no response from the Mongolian side, and we are finding it difficult," one of the sources said, declining to be identified due to the sensitive nature of discussions.
"On one hand, transport from Russia is clogged and on the other, it may not be feasible to get it from China on a sustainable basis," the source said.
Steel Secretary Sandeep Poundrik said over the weekend that there were logistical challenges in sourcing material from landlocked Mongolia.
The Mongolian prime minister's office and JSW Steel did not respond to emails from Reuters seeking comment.
Ties have soured between India and China since the 2020 clash between troops along their Himalayan border, which killed at least 20 Indian soldiers and four Chinese.
However, there have been some signs of thaw with the neighbours agreeing in January to work on resolving trade and economic differences.
Separately, JSW Steel, which imports about close to one-third of its coking coal needs from Russia, has no plans to increase imports from Moscow, the source said.
"We don't want to raise our exposure in one geography," they said.
The company also sources coking coal from Australia, the United States and Mozambique.
Chief executive Jayant Acharya told Reuters last week that JSW Steel was open to buying coking coal assets based on commercial and strategic viability.
India's coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said last week.
Reporting by Neha Arora; Editing by Saad Sayeed

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Wind farm with capacity of 2,400 MW to be built in Mongolia's Dundgobi province www.akipress.com

The National Energy Reform Committee of Mongolia signed a Memorandum of Understanding with UPC Renewables, one of the world's leading renewable energy companies, in New York on April 29.
UPC Renewables is implementing a wind farm project in Dundgobi province with a total capacity of 2,400 MW.
The project aims to efficiently utilize Mongolia's renewable energy resources, export the produced clean energy to regional markets including China, improve the reliability of domestic energy supply, and contribute to the reduction of carbon emissions in Mongolia.
"Mongolia is taking a step to fully utilize its vast renewable energy potential. We aim to increase clean energy exports, contribute to the green development of the region, and open up new economic opportunities," Deputy Prime Minister of Mongolia Dorjkhand Togmid said.
"This partnership will enable us to leverage the wind resources of Dundgobi province to supply reliable, cost-competitive clean energy for export to China and to improve the reliability of Mongolia's central grid. We are committed to attracting international investment to Mongolia and promoting sustainable industrial development," CEO of UPC Renewables Asia Pacific Andrew John Sutherland noted.
As part of the project, a training centre will be created to provide the skills needed to build and operate the project, as well as to manufacture individual components of the renewable energy facility within Mongolia.

 

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Mongolia's total number of confirmed measles cases exceeds 1,000 www.xinhuanet.com

Mongolia has recorded 49 new cases of measles infection over the past 24 hours, bringing the national caseload to 1,035, according to the country's National Center for Communicable Diseases (NCCD) on Thursday.
The majority of new measles infections were among school-age children who have had only one shot of the measles vaccine, the NCCD said in a statement.
In this regard, the NCCD advised parents to protect their children from a potentially severe disease by getting them two doses of the measles vaccine.
Measles is a highly contagious viral disease transmitted by respiratory droplets and direct contact.
Common complications include fever, dry cough, runny nose, sore throat and inflamed eyes. The disease can be prevented by immunization.

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First-Stage Tender for the Ulaanbaatar Metro Project Receives Submissions from 27 Companies www.montsame.mn

Bids for the first stage of the tender to select a construction contractor for the Ulaanbaatar City Metro Project were opened on April 28, 2025.
Twenty-seven companies from seven countries, including Mongolia, the Republic of Korea, the United Kingdom, the Russian Federation, the French Republic, the Republic of India, and the People's Republic of China, submitted proposals. Under the law, the second-stage tender will be announced on May 5, 2025. The metro line will run from Tolgoit to Amgalan.
The Ulaanbaatar Metro line will stretch 19.4 km and comprise 15 stations. It is planned to carry 17,206 passengers per hour, with an average station spacing of 1.3 km. The end-to-end journey from Tolgoit to Amgalan is projected to take 31 minutes and 25 seconds, and the successful implementation of the project could raise the city’s average traffic speed by 40.4 percent.
The Ulaanbaatar Metro Project is one of 24 mega-projects of Ulaanbaatar to implement between 2025 and 2028.

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Foreign Minister of Mongolia and Foreign Minister of the Kingdom of Spain Hold Official Talks www.montsame.mn

On April 30, 2025, Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh, who is paying an official visit to the Kingdom of Spain, held official talks with Minister of Foreign Affairs, European Union, and Cooperation of the Kingdom of Spain José Manuel Albares.
During the official talks, the two sides discussed the expansion of Mongolian-Spanish relations, which are based on common values of democracy, human rights, and the rule of law, with economic content, and the effective implementation of development policies. Foreign Minister Battsetseg introduced Mongolia's development policies and major objectives and underlined the extensive potential for mutually beneficial cooperation between Mongolia and the Kingdom of Spain. The two sides agreed to expand bilateral relations in investment, economy, trade, agriculture, light industry, tourism, and education.
The two parties also affirmed mutual commitment to work towards facilitating a favorable legal environment for intensifying cooperation, particularly to finalize the establishment of the Agreement on Air Relations, the Agreement on the Mutual Recognition of Driving Licenses, and the Agreement on Exemption from Visa Requirements for Holders of Diplomatic and Official Passports. Moreover, Foreign Minister Battsetseg introduced Mongolia's foreign policy and its priorities. The two sides agreed to work closely within the framework of the initiatives put forward by Mongolia at the international level, specifically on ensuring the preparations and successful outcomes of the World Women Entrepreneurs Forum, to be held in Ulaanbaatar in August 2025, and the 17th Session of the Conference of the Parties to the United Nations Convention to Combat Desertification, which will be held in Ulaanbaatar in 2026.
Highlighting the importance of high-level mutual visits to intensify bilateral relations, the two sides agreed to organize the State Visit of the Head of State of the Kingdom of Spain to Mongolia, the official visit of the Minister of Foreign Affairs of the Kingdom of Spain to Mongolia, and conduct political consultative meeting in the near future. The Foreign Ministers of the two countries signed a Memorandum of Understanding on Cooperation between Mongolia and the Diplomatic School of the Kingdom of Spain on Preparing and Training Specialists in International Relations, Spanish Language, and Linguistics. The two sides also confirmed mutual commitment to strengthening cooperation within the framework of the UN and other international organizations and exchanged views on some issues in international relations.

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IN-VR and Mongolian National Mining Association Announce Strategic Partnership to Promote MiningWeek & MinePro 2025 www.newsfilecorp.com

London, United Kingdom--(Newsfile Corp. - April 30, 2025) - IN-VR is proud to announce its new strategic partnership with the Mongolian National Mining Association (MNMA) to promote MiningWeek & MinePro 2025 - International Mining Exhibition & Convention, taking place from September 11-13, 2025, in Ulaanbaatar, Mongolia.
This landmark collaboration brings together global expertise and regional leadership to elevate MiningWeek & MinePro 2025 as Asia's premier mining platform, showcasing Mongolia's critical role in the global mineral supply chain.
Positioning Mongolia at the Heart of Global Mining
MiningWeek & MinePro 2025 will serve as the international meeting point for government officials, global mining leaders, investors, and industry pioneers, providing unmatched opportunities for investment facilitation, technological exchange, and high-level dialogue.
Building on the overwhelming success of the 2024 edition—which featured over 7,000 visitors, 350 organizations, 100+ demo equipment displays, and delegations from 20+ countries—MiningWeek & MinePro 2025 is set to be even more impactful.
What to Expect at MiningWeek & MinePro 2025
120,000m² Exhibition Space: Showcasing the latest in mining technology, heavy equipment, and innovation
Strategic Sessions: Featuring topics on procurement policy, critical minerals, green initiatives, responsible mining, exploration, and financing
Presentations & Panel Discussions: Led by government leaders, global dealmakers, and future-forward innovators
Exclusive Roundtable Meetings: Uniting mining associations, policymakers, and private sector leaders to explore collaborative pathways
Business Matchmaking: Targeted networking and deal facilitation among C-level executives, advisors, and procurement decision-makers
Why Mongolia?
Mongolia's vast mineral reserves—including copper, uranium, rare earths, and lithium—place the nation at the strategic crossroads of global mining demand and supply. Bordering China, the world's largest mining market, Mongolia is increasingly recognized as an essential source of critical and transitional minerals.
The Mongolian government is investing heavily in geological surveys, resource mapping, and infrastructure development, providing international partners with unprecedented access, transparency, and reliability.
Through MiningWeek & MinePro 2025, IN-VR and MNMA are committed to enhancing Mongolia's global visibility, attracting foreign direct investment, and fostering a responsible and innovative mining ecosystem.
Quote from IN-VR Leadership
Chryssa Tsouraki, CEO of IN-VR:
"We are thrilled to partner with the Mongolian National Mining Association to promote MiningWeek & MinePro 2025. Mongolia is uniquely positioned to lead the next era of sustainable mining in Asia. Through this partnership, we aim to attract global investment and spotlight Mongolia's dynamic potential across the international stage."
Register Today & Join the Mining Future
MiningWeek & MinePro 2025 is more than an exhibition—it's a global convention for those who lead, invest, and innovate in mining.
Pre-registration is now open. Don't miss your chance to join thousands of global stakeholders in shaping the future of mining.
Pre-Register here: https://www.netzerocircle.org/mong.../register-your-interest
About IN-VR
IN-VR is a leading global consultancy specializing in energy, mining, and investment promotion, bridging the gap between governments and the private sector. With a track record of organizing premier industry summits, IN-VR facilitates high-impact investment opportunities and strategic collaborations worldwide.
About the Mongolian National Mining Association (MNMA)
Founded in 1994, MNMA is Mongolia's foremost institution dedicated to promoting sustainable mining practices, influencing national mining policy, and supporting the responsible growth of the industry. The association serves as a critical link between Mongolia's mining stakeholders and the global investment community.

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Soft Loans to Be Provided to Enterprises Operating Year-Round Tourism www.montsame.mn

During its regular session on April 30, 2025, the Cabinet of Mongolia approved three Resolutions, “On Certain Measures to Accelerate Development of the Northern Region,” “On Certain Measures to Develop Year-Round Tourism,” and “On Certain Measures to Support the Development of Industrial and Technology Parks in the Northern Region.”
Under these Resolutions, the following actions will be taken:
Formulate a feasibility study for a thermal power plant with a capacity of no less than 50 MW to be built in Murun soum, Khuvsgul aimag.
Implement paved-road projects along the Khankh–Khatgal and Jargalant–Shine-Ider–Murun routes in Khuvsgul aimag.
Accelerate the construction of the Dashinchilen–Ulziit–Khairkhan–Rashaant–Murun paved road in Bulgan aimag, and prepare design documentation for the Khishig-Undur–Gurvanbulag to Mogod route, and the Bulgan–Murun road to Saikhan–Bayan-Agt and Gurvanbulag–Elsentasarkhai branch.
Launch a soft loan program for enterprises operating in year-round tourism, offering loans at six percent interest for up to six years.
Build new music-and-drama theatres in Bulgan and Khuvsgul aimags.
Create conditions for a direct international flight between the Republic of Korea and Murun soum in Khuvsgul aimag and upgrade the local airport to ICAO 4C standards.
Prepare a feasibility study for a Northern Region Transport and Logistics Hub.
Expand the Erdenet Science and Technology Park into a regional start-up support center.
Commence the expansion and modernisation of the Khankh–Mond border checkpoint.
Implement engineering-infrastructure projects for six local development hubs in the Northern Region through public–private partnerships.
Establish an integrated Training, Research, and Production Complex under the Mongolian University of Science and Technology (MUST) in Erdenet.
Specialize the vocational and technical schools in Orkhon, Khuvsgul, and Bulgan aimags in nature-based tourism, mining, and energy, and study the establishment of an inter-sectoral practical-training base at the Polytechnic College in Khuvsgul to deliver short-term training for infrastructure projects.
Transfer the specialised “Erdenet Medical” hospital, which is currently under the “Erdenet Mining Corporation” SOE, to the Ministry of Health to develop it as a regional cancer diagnosis and treatment sub-centre.
Secure financing for the construction of a 100-bed extension to the Bulgan Aimag General Hospital.
Conduct phased studies to designate protected areas for the freshwater resources, forests, peat bogs, and permafrost of the Lake Khuvsgul and Selenge River basins, and place them under state special protection.
Provide MNT 5.2 billion in working-capital loans to citizens whose businesses were damaged by the fire at the “Shine Murun” Trade and Service Centre in Khuvsgul aimag.

 

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Mongolia Investment Forum Takes Place in New York City www.montsame.mn

With the objective of promoting the development of Mongolia’s capital market to the international community and expanding cooperation, the “Mongolia Investment Forum: New York 2025” was successfully held in New York City, U.S., on April 28-29, 2025. 
During the Forum, Chairman of the Financial Regulatory Commission of Mongolia Jambaajamts Tundev remarked, “In recent years, the Financial Regulatory Commission has placed significant emphasis on strengthening the legal and regulatory foundations of Mongolia’s capital market, ensuring transparency, protecting the rights and interests of investors, and advancing market development in line with international standards. As a result, the market capitalization of the capital market has reached MNT 13 trillion, representing an 11.8 percent increase compared to the previous year, which demonstrates growing investor confidence. Going forward, our focus will be on expanding the capital market and attracting foreign investment by increasing the inflow of foreign direct investment and enhancing cooperation with international regulatory institutions.”
The Mongolia Investment Forum, which aims at deepening cooperation with foreign investors and promoting Mongolia’s economic growth and capital market development, brought together representatives of international financial institutions, investors, policymakers, and the private sector.
Chairman Jambaajamts also participated in a public-private roundtable organized by the Alliance for Financial Inclusion (AFI) in Washington, D.C., where discussions were held on international experience, policy initiatives, and regulatory approaches to direct inclusive green finance into real investments and develop climate-resilient financial systems.
In addition, Mr. Jambaajamts Tundev took part in the Spring Meetings of the International Monetary Fund (IMF) and the World Bank. This year’s meetings were held under the theme “Jobs- The Path to Prosperity,” with global central bank leaders, finance and development ministers, representatives of the private sector and civil society, and academic researchers engaging in discussions on creating sustainable employment opportunities for youth in developing countries. 
During the Spring Meetings, views were exchanged on globally pressing issues such as the current state of the global economy, growth prospects, financial stability, and poverty reduction. According to the Financial Regulatory Commission, Mongolia’s participation in these events marked an important step toward introducing international best practices into the country’s financial market development, attracting foreign investment, and expanding international cooperation.

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Mongolia’s LendMN secures $20m debt financing from Lendable www.fintechfutures.com

LendMN, Mongolia’s first digital lending fintech and subsidiary of AND Global, has secured $20 million in debt financing from London-based investment platform Lendable.
Founded in 2016, LendMN focuses on providing loans to micro, small, and medium-sized enterprises (MSMEs) across Mongolia. Since launching in 2017, the company has amassed over 1.3 million registered app users and disbursed more than $70 million in loans to over 3,800 businesses.
A joint stock company listed on the Mongolian Stock Exchange (MSE), LendMN aims to modernise traditional financial services in the country through automated credit scoring, instant disbursements, and AI-powered income verification.
This latest financing marks the largest-ever raise for a Mongolian fintech, LendMN says, and will help support the company's mission to "drive tech-led financial inclusion" for underserved MSMEs.
CEO and board member Uuganbayar Tserendorj notes that the deal could also pave the way for “potential future international investment opportunities".
BY
Cameron Emanuel-Burns is a reporter at FinTech Futures and is dedicated to enhancing the accessibility of fintech for a broader audience.

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Jade Gas Confirms Significant Gas Potential in Mongolia www.tipranks.com

Jade Gas Holdings Limited has successfully completed the drilling of its first two gas production wells at the Red Lake gas field in southern Mongolia, confirming significant gas potential. Both wells are set to begin production this quarter, with ongoing negotiations for commercialization opportunities with CNG manufacturers. This development is expected to enhance Jade’s operational capabilities and market positioning, potentially increasing value for stakeholders.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited operates in the energy sector, focusing on coal bed methane gas projects. The company is primarily involved in the exploration and production of gas, with a significant project located in the Tavantolgoi basin in the South Gobi region of Mongolia.
YTD Price Performance: -7.50%
Average Trading Volume: 507,416
Technical Sentiment Signal: Buy
Current Market Cap: A$62.41M
See more data about JGH stock on TipRanks’ Stock Analysis page.

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