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

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The world's largest gold project, just got a whole lot bigger www.mining.com

During the final days of 2014 Canada's minister of the environment gave the green light to Seabridge Gold's KSM project in northern British Columbia, the world's largest undeveloped gold-copper project by reserves.

The federal and provincial environmental assessment process took nearly seven-years and KSM was only the second metal mine in five years to receive approval.

A new preliminary economic impact study released by Toronto-based Seabridge on Thursday, the already ambitious project takes another leap forward.

According to a statement, Seabridge now envisages a much larger operation than the one outlined in the preliminary feasibility study released last month and in the process improves both the environmental impact and economics of KSM.

The PEA calls for mill throughput of 170,000 tonnes per day, 40,000 tonnes more than the earlier study which Seabridge says can be done without significant redesign of facilities. Initial capital costs have been increased by just less than 10% to $5.5 billion.

In the PEA the bulk of the operations are moved underground and using the block-cave method Seabridge says it can reduce waste rock by a whopping 81% or 2.4 billion tonnes over the 51 year life of the mine.

By vastly increasing the amount of copper mined life of mine operating costs are now a negative $179 an ounce while all-in costs fall to just $358 an ounce.

Measured and Indicated Mineral Resources at KSM are estimated at 2.9 billion tonnes grading 0.54 grams per tonne gold, 0.21% copper and 2.7 grams per tonne silver which translates into 49.8 million ounces of gold, 13.6 billion pounds of copper and 253 million ounces of silver.

During the first seven years of operation annual gold output would top 1 million ounces and life of mine annual production is estimated at 592,000 ounces of gold, 286,000 pounds of copper and 2.8 million ounces of silver.

Seabridge (TSX:SEA) (NYSE:SA) is worth just over $530 million on the New York Stock Exchange, up 21% in value year to date.

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UN experts: Offshore assets could total $25 tril. www3.nhk.or.jp

United Nations human rights experts estimate individuals hold up to 25 trillion dollars of funds in tax havens.
 
The experts, including members of the UN Human Rights Council Advisory Committee, released the estimate in a statement on Thursday.
 
They said wealthy investors hide 7 to 25 trillion dollars offshore. As a result, they said countries lose hundreds of billions of dollars in tax revenues.
 
They said individuals and corporations are effectively stealing from public services such as health care, education and social security by hiding funds offshore.
 
They called on governments to work together and set up a UN body to eliminate tax havens.
 
Panama and other countries in Central America and the Caribbean attract wealthy individuals and companies by offering significantly lower tax rates.
 
Leaked financial documents known as the Panama Papers put the spotlight on the issue of tax avoidance.
 
The International Consortium of Investigative Journalists, or ICIJ, has called the Panama Papers database the largest of its kind ever released.
 
The documents were originally leaked to the German newspaper Sueddeutsche Zeitung.
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Sony Mobile releases smart ear plug www3.nhk.or.jp

Sony Mobile Communications has developed a wireless ear-piece for hands-free smartphone control.
 
The device allows a user to control his or her smartphone by talking to it or nodding, without looking at or touching the display.
 
Worn like an ear-plug, the device has a built-in microphone for verbal instructions using the wireless function. It can also read out messages received.
 
If you want to reply, you can let it know by talking to it or nodding. If you do not want to speak, you can just shake your head. It reacts to your head movements with its sensor.
 
You can also search geographical or other information without taking out your smartphone from your bag or pocket.
 
Sony Mobile officials say they will market it next month.
 
One of the officials Hirohito Kondo says smartphones are handy but users must keep on watching and touching the display all the time. He says he hopes the ear device will reduce the burden on users and allow them to engage more with the outside world by controlling the smartphone through their voice or head movements.
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Snapchat parent working on IPO valuing firm at $25 billion or more: WSJ www.reuters.com

Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter.
 
Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported. (on.wsj.com/2cVicKG)
 
An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May.
 
It would also represent the largest IPO by a technology company since Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) went public in 2014.
 
Snapchat had been talking to investment bankers about an IPO towards the end of this year or early in 2017, technology website The Information reported last month. (bit.ly/2dPvEkh)
 
"We aren't commenting on rumors or speculation about any financing plans," the company said in an emailed statement on Thursday.
 
Reports on Snap Inc's IPO come at a time when shares of technology companies such as Square Inc (SQ.N) and Box Inc (BOX.N) that went public over the last two years are trading below their private market valuation.
 
Snapchat's valuation has grown in the last few years as the company added advertising and sponsored contents to its messaging service.
 
The company has told investors to expect $1 billion in advertising revenue in 2017, according to sources familiar with the matter.
 
Snapchat is expected to have 58.6 million users in the United States by the end of 2016 and that number is expected to jump 13.6 percent to 66.6 million by next year, according to research firm eMarketer.
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World Bank admits some have lost out from free trade www.bbc.com

The World Bank has admitted the growth of global free trade has not been a success for all.
An internal briefing document seen by the BBC says the effects of globalisation on advanced economies is "often uneven" and "may have led to rising wage inequality".
The bank, which provides loans to developing countries, also says that "adjustment costs", such as helping people who have lost their jobs, have been higher than expected.
Dr Jim Kim, the head of the World Bank, told the BBC that he understood why people were angry in advanced economies despite the fact that free trade was one of the "most powerful" drivers of growth and prosperity.
"I hear them and they are saying that my life is not better than my parents and my children's life does not look like it's going to be better than mine," he told me.
"So there is a real concern but the answer is to have more robust social security programmes, so you have a safety net. And then you need to get serious about getting the skills you need for the jobs of the future."
China effect
Dr Kim said that 20% of jobs lost in advanced economies could be linked to trade, with the rest down to automation and the need for new skills.
He said governments needed to do more to support those who had lost their jobs.
The document, written by World Bank economists, does say that "trade has played a powerful role in creating jobs and contributing to rising incomes in advanced economies", as well as in emerging economies.
But it highlights problems that have been created.
"Recent evidence for the US suggests that adjustment costs for those employed in sectors exposed to import competition from China are much higher than previously thought," the document says.
"While trade may have contributed to rising inequality in high income economies, so has technological change and the weakening of institutions that used to represent the interests of labour.
"Given overall efficiency gains, the dislocation effects of trade in advanced economies must be addressed through stronger safety nets and enhanced skills and flexible labour markets."
Target
Dr Kim said that if developed countries start throwing up trade barriers, ambitious targets to eradicate poverty by 2030 could be missed because global economic growth would be slower.
"It will be much, much harder to achieve [the poverty targets], there's no question," Dr Kim told me.
"We can build all the infrastructure we want and we can increase trade among the emerging market countries, [but] at the end of the day if global trade does not grow at a more robust rate it is going to be very hard to make those targets.
"If all the developed countries close their borders, it's going to be very difficult and it's going to be very difficult for those countries as well."
I asked him directly if the target could be missed.
"We very well could, absolutely, it's possible," he said.
More
Proposals to end extreme poverty - defined as anyone living on less than $1.25 a day - were put together by a United Nations committee chaired by David Cameron in 2013.
Dr Kim said that action by organisations like the World Bank, which provides loans to developing countries, as well as the growth of free trade had lifted millions of people out of poverty.
He said that international organisations had to do more to explain the advantages of global trade for advanced as well as emerging economies.
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Blue Origin successfully tests capsule safety, lands booster www.reuters.com

A rocket owned by Jeff Bezos' space company Blue Origin blasted off from Texas on Wednesday and then landed itself intact, even though engineers had expected it to crash after an important demonstration of how its unmanned crew capsule could fly away from the rocket in an emergency.
 
The test, which concluded with the rocket's landing and the capsule parachuting safely to the desert floor, was an important step forward for Kent, Washington-based Blue Origin by showing the passenger capsule can escape from the rocket should something go wrong during launch.
 
Saving the capsule was the only goal of the test and the survival of the Blue Shepherd rocket, which was making its fifth flight, was a bonus for Blue Origin. Engineers had expected searing exhaust from the capsule’s motor would tip over the rocket, causing it to shut down and crash in a massive fireball in the desert.
 
The New Shepard booster rocket lifted off at 11:37 a.m. EDT from Blue Origin’s West Texas launch site, a live webcast showed. About 45 seconds later, the capsule separated from the rocket while a solid-rocket motor at the base of the capsule ignited. The 1.8-second firing steered the capsule away from the booster to test an emergency escape system.
 
After the capsule separated, the booster continued up into space. Then it flew back, tail-first, toward Earth. As it neared the ground, the booster's rocket motor fired, its landing legs deployed and it touched down, 2 miles (3.2 km) from the launch site, as it has done on its four previous flights.
 
"That's one hell of a booster," Bezos, the billionaire founder of retail giant Amazon, said on Twitter.
 
Bezos has said by 2018 Blue Origin could start carrying paying passengers to more than 62 miles (100 km) above Earth, high enough to experience a few minutes of weightlessness and see the planet against the blackness of space.
 
Blue Origin has not yet set a price for its space trips but a competitor, Virgin Galactic, is selling tickets to fly on its six-passenger, two-pilot SpaceShipTwo for $250,000.
 
Blue Origin is working on a larger orbital rocket, called New Glenn, that will compete against Elon Musk’s SpaceX and other companies for commercial satellite launches and human space transportation services.
 
Bezos said he has invested more than $500 million in Blue Origin and that he would continue to finance it “for as long as necessary.”
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CHART: Coking coal surge could kill quarterly pricing mining.com

The stunning rise in the price of coking coal shows now signs of reversing, and the nearly three-fold rise in the price of the steelmaking raw material since hitting multi-year has pushed the quarterly benchmarking system to breaking point.
 
Metallurgical coal was exchanging hands at $213.40 on Tuesday according to data provided by Steel Index as it consolidates at higher levels following weeks of panic buying not seen since 2011, when floods in key export region in Queensland saw the price touching to $335 a tonne.
 
A new research note Adrian Lunt, head of commodities research at the Singapore Exchange, says the traditional quarterly benchmark mechanism has "arguably been losing relevance for some time, but the recent spot market volatility has put it under potentially fatal strains":
The commoditisation and rising adoption of indexation has been a key feature in the seaborne coking coal market in recent years. In recent years the quarterly settlement has largely followed the spot market, and a prolonged period of price stability perhaps enabled the quarterly benchmark to persist (albeit pricing an ever-shrinking portion of the international market).
 
During Q3, the daily spot price averaged almost $133 per tonne, approximately 44% higher than the Q3 quarterly benchmark agreed in late June. With spot and benchmark pricing deviating more than ever, strains are likely to persist on the outdated quarterly pricing mechanism. Continued market volatility could spur a more widespread transition to index-linked pricing over the coming months, which may in turn serve as an important catalyst in the development of the international coking coal derivative market.
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Samsung takes over AI pioneer and maker of Apple's Siri www.bbc.com

Samsung has stepped up its focus on artificial intelligence (AI) by taking over Viv, a digital assistant developed by the maker of Apple's Siri.
The acquisition comes just days after Google launched its new Pixel phone which also puts a strong focus on an AI digital assistance function.
Amazon and Microsoft are also making a push into getting computers to learn and respond like human beings.
Samsung has recently seen its image battered by the global Note 7 recall.
The company plans to use Viv in its phones, televisions and a wide range of other devices.
The deal showed Samsung's "commitment to virtual personal assistants and is part of the company's broader vision to deliver an AI-based open ecosystem across all of its devices and services," the South Korean tech giant said in a statement.
"With the rise of AI, consumers now desire an interaction with technology that is conversational, personalised and contextual - an experience that fits seamlessly within their everyday lives," the firm added.
AI boom
According to Viv Labs chief executive Dag Kittlaus, the new AI assistant's mission is to "breathe life into inanimate objects".
Mr Kittlaus was behind developing Siri, the digital assistant bought by Apple in 2010. He remained with Apple until he left in 2012 when he began working on Viv.
"We see a future that is decidedly beyond apps, where you can get what you need quickly and easily no matter where you are, or what device you are near," he said.
Earlier this week, Google launched a number of new devices that also place a virtual assistant at the heart of their functionality.
The AI technology in the Google smartphones and voice-activated speakers is one step ahead of Apple's Siri in that they can hold a conversation, in which one question or command builds on the last, rather than dealing with each request in isolation.
Retail and technology giant Amazon's also has an AI-driven device on the market.
The company's Echo speaker can answer questions, control other internet-connected devices, build shopping lists and link in to dozens of third-party services like Spotify, Uber or BBC News.
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Honda, Yamaha ride together into sunset of Japan's scooter market www.asia.nikkei.com

TOKYO -- Japan's shrinking motorcycle market has pushed onetime enemies Honda Motor and Yamaha Motor into an alliance aimed at freeing up resources for use in more promising regions.
 
Honda, the world's leading motorcycle maker, could begin supplying 50cc scooters for sale in Japan to Yamaha, its biggest rival, in 2018, the companies said Wednesday. The market for this uniquely Japanese class of motorbikes is "unforgiving," Shinji Aoyama, Honda's chief operating officer for motorcycle operations, told a news conference.
 
"It would be difficult to comply with the stricter environmental regulations to come, were we to go it alone," Yamaha Managing Executive Officer Katsuaki Watanabe said.
 
There are currently more than 11 million motorcycles on the road in Japan -- one for every 10 people. But only about 400,000 two-wheelers were sold in 2015. That is a mere eighth of the 3.26 million peak annual sales seen in the early 1980s.
 
Scooters have fared particularly poorly amid the rise of minicars and electric bicycles. Tougher parking restrictions have proved damaging as well. With the headwinds growing stronger, Yamaha broached the topic of a tie-up with Honda in February. The two had been negotiating behind the scenes since then.
 
The plan now under discussion would have Honda build scooters for Yamaha to sell as the Jog and Vino, based on Honda's own Tact and Giorno models. The designs likely will become exclusive to Yamaha. The companies also look to team up on developing their next model of scooters for commercial uses, such as newspaper and package delivery.
 
Honda and Yamaha will collaborate on electric scooters as well -- a segment the duo expects will take off in the motorcycle market as it has in automobiles. They will form a working group to tackle lingering challenges such as battery life and charge time.
 
Fences mended
 
Things have not always been so friendly between the motorcycle makers. They grappled for market dominance in the years around 1980, when motorcycles were experiencing a surge in popularity in Japan. Yamaha began releasing model after model in the late 1970s, pulling nearly even with market leader Honda in shipment volume by 1981. Honda then revved up development as well. When the so-called H-Y War was at its fiercest, the rivals were rolling out dozens of new models a year.
 
Such competition eventually proved unsustainable for Yamaha as unsold inventory piled up, triggering an earnings crisis. Honda emerged victorious. "I joined the company the year we lost the war, and took a 5% pay cut," Yamaha's Watanabe said. But "there's no resentment or ill-will anymore," he said.
 
Still, the companies are not merging their motorcycle operations; rather, they are making concessions on what sets them apart in a market whose contraction makes it hard to justify production and development costs. While many engineers look askance at such original equipment manufacturing (OEM) arrangements, Yamaha has determined that letting go of some individuality is essential to remaining in the game.
 
Build up the base
 
Honda will make the Yamaha scooters at its lone Japanese motorcycle plant, in Kumamoto Prefecture. The manufacturer brought a good deal of production back to this country from China and Vietnam amid restructuring in autumn 2015. But efforts such as the tie-up with Yamaha are still necessary to keep domestic two-wheeler production viable as the market declines.
 
Many emerging-nation youth aspire to ownership of more powerful motorbikes. The Indian market for 350cc and 500cc sport bikes has grown to 500,000 units, Honda's Aoyama said. Reassessing production of 50cc models, which do not lend themselves as well to overseas sale, has been a pressing task for the company.
 
Yamaha plans to put resources freed up by the collaboration into markets outside Japan. The company is already well-established in India, and looks to beef up its presence in regions such as Southeast Asia. Yamaha is also eyeing a full-on push into African markets, where demand is expected to grow in tandem with the economy. Such growth could eventually put 100 million motorbikes on the road worldwide, the company believes.
 
Yamaha's latest medium-term business plan targets annual motorcycle sales of 1.3 trillion yen ($12.5 billion) in 2018. Around 80% of that is seen coming from emerging markets. But up-and-coming Chinese and Indian manufacturers could get in the way. Though Japanese cycles are regarded as more durable, the differences in basic performance between various brands have all but disappeared. As competition intensifies, teaming up at home has become essential to advancing abroad.
 
 
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World’s No. 1 miner BHP Billiton put its money on oil and gas www.mining.com

World’s No. 1 mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is going all out for its petroleum business, planning to invest as much as $5 billion in that unit as well as mulling potential acquisitions thanks recovering oil prices and the firm’s efforts to lower costs.
 
Speaking to investors Wednesday, BHP's petroleum president Steve Pastor said a crude shortage is likely to emerge next year, adding that company’s substantial oil business, which includes shale deposits in the US, was well placed to supply the world's ongoing demand for related products.
 
"While currently well supplied, underlying fundamentals suggest both oil and gas markets are improving more quickly than our minerals commodities," Pastor said.
 
BHP, which in January this year took a massive $7.2 billion write-down on its US shale unit, said the market has changed substantially since then and that its board is mulling the future of the BP-operated Mad Dog 2 oil and gas project in the Gulf of Mexico. A decision on this, the miner said, will be taken within six months and such operation could enter production by 2022.
 
BHP is also considering additional investments of as much as $2.5 billion in existing project options.
 
The reason behind these moves, Pastor noted, is that population growth and rising incomes are expected to boost oil demand to more than 100,000 barrels of liquids per day by 2025. And a third of that, he said, will need to come from new sources, which means there’s a significant opportunity to make investments in growth.
 
The company said unit cash costs in its conventional petroleum business are expected to be around $10 per barrel of oil equivalent over the next two years, giving it some of the best returns in the industry. It also said its shale assets are generating cash at current prices.
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