1 PLOT THICKENS AS XANADU AXES MONGOLIAN COPPER-GOLD SELL DOWN VOTE WWW.THEWEST.COM.AU PUBLISHED:2025/04/18      2 STATE TO PAY SALARIES FOR ‘DREAM TEAM’ BEHIND KHARKHORUM CITY WWW.UBPOST.MN PUBLISHED:2025/04/18      3 THE KINGDOM OF SAUDI ARABIA STUDIES MONGOLIA'S EXPORT POTENTIAL OF LIVE ANIMALS AND EGGS WWW.MONTSAME.MN PUBLISHED:2025/04/18      4 AZORRA DELIVERS MONGOLIA’S FIRST EMBRAER E195-E2 TO HUNNU AIR WWW.SKIESMAG.COM  PUBLISHED:2025/04/18      5 K-CULTURE MEETS THE SILK ROAD AS KOREAN BRANDS AND LIFESTYLES TAKE ROOT IN MONGOLIA WWW.KOREAJOONGANGDAILY.JOINS.COM PUBLISHED:2025/04/18      6 MSM GROUP BECAME AUTHORIZED DEALER OF SNAP-ON IN MONGOLIA WWW.MSMGROUP.MN PUBLISHED:2025/04/18      7 MONGOLIAN LGBTQ YOUTH FIGHT FOR RECOGNITION THROUGH MUSIC, COMEDY WWW.CBS19NEWS.COM PUBLISHED:2025/04/18      8 THE CABINET OF MONGOLIA ADOPTS RESOLUTION ON MEASURES TO INCREASE COAL EXPORTS WWW.MONTSAME.MN PUBLISHED:2025/04/17      9 TRUMP’S SECOND COMING: MONGOLIA WATCHES THE CHAOS WITH CAUTION WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/17      10 MONGOLIA CONSIDERS ACQUIRING 34% STAKE IN EIGHT POTENTIAL STRATEGIC DEPOSITS WWW.NEWS.MN PUBLISHED:2025/04/17      УЛСААС 34.4 ТЭРБУМЫН ТАТААС АВСАН КЛИНИКИЙН ГАЗРЫГ ДУУДЛАГААР ХУДАЛДАНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/18     НҮҮРСНИЙ ЭКСПОРТ ХЭВИЙН БОЛСОН Ч БИРЖИЙН ХУУЛЬД ДАХИН ӨӨРЧЛӨЛТ ОРУУЛАХ НӨХЦӨЛ БҮРДЭХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/18     МОНГОЛД АЖИЛ ЭРХЭЛДЭГ ГАДААДЫН ИРГЭДИЙН ТОО 23 ХУВИАР ӨСӨЖ, 9.9 МЯНГАД ХҮРЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/18     “ОЮУ ТОЛГОЙ”-Н ЗЭСИЙН 24, АЛТНЫ 42, МОЛИБДЕНИЙН 94 ХУВИЙГ ЭЗЭЛДЭГ 2 ТАЛБАЙ “АНТРЕ РЕСУРС”-ИЙН ЭЗЭМШЛИЙНХ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/18     ЗАСГИЙН ГАЗАР 10 ТЭРБУМ ТӨГРӨГИЙН ДОТООД БОНД АРИЛЖААЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/18     ХӨЛБӨМБӨГИЙН ХОЛБООНЫ ЕРӨНХИЙЛӨГЧИД НЭР ДЭВШИГЧИД ТОДОРЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/18     “MONGOLIAN MINING” ҮЗЭСГЭЛЭНД 250 ГАРУЙ БАЙГУУЛЛАГА ОРОЛЦОЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/18     УУЛ УУРХАЙН БОРЛУУЛАЛТ 1.5 ИХ НАЯДААР БУУРЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/17     НИЙГМИЙН ДААТГАЛЫН САНГИЙН ОРЛОГО ӨМНӨХ ОНЫ МӨН ҮЕЭС 315.5 ТЭРБУМ ТӨГРӨГӨӨР ӨСЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/17     Б.ЖАВХЛАН: ӨНГӨРСӨН ДОЛОО ХОНОГТ ЭКСПОРТЫН ОРЛОГО 40 ГАРУЙ САЯ АМ.ДОЛЛАРООР НЭМЭГДСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/17    

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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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Volkswagen brand chief says no plans to step down despite investigation www.reuters.com

Volkswagen's (VOWG_p.DE) brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper.
 
The carmaker said late last month that prosecutors in Braunschweig were investigating Diess as part of a probe into whether Europe's carmaker violated disclosure and market manipulation rules by taking too long to inform investors it had cheated emissions tests.
 
"It's not up for debate," Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe.
 
He added the investigation had taken him by surprise and that he had first heard about it when asked by the media.
 
Volkswagen's reputation will take 12-18 months to recover from the crisis, although a strategic turnaround will take up to 14 years, Diess added.
 
The company needed to shift its strategic focus to employ more information technology and battery experts, Diess said. The shift would take "two vehicle generations" to be implemented, he said. Modern cars have a lifecycle of around seven years. "We must become more efficient, or else we won't be able to afford the transformation," he added.
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Record number of executives paid over 100 mil. yen www3.nhk.or.jp

A record total of 414 executives at publicly-traded Japanese firms were paid more than 100 million yen, or about one million dollars, in the business year that ended in March.
 
Researchers examined data from 2,443 Japanese companies.
 
The figure rose by one from last year's total. It was also the 4th consecutive annual increase, reflecting the strong financial performances of many firms.
 
The highest earner was SoftBank's former vice president Nikesh Arora with about 65 million dollars, followed by SoftBank executive Ronald Fisher with about 21 million dollars.
 
Michiyoshi Onishi, a former chairman of electronic component manufacturer Aoi Electronics, was 3rd with total compensation of around 11 million dollars.
 
The president of Nissan Motor Corporation, Carlos Ghosn, was in 4th place with about 10 million dollars.
 
Analysts say an increasing number of foreign executives are earning more than 100 million yen, as more Japanese companies are hiring foreigners to expand their business operations outside the shrinking domestic market.
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Oil extends gains, Saudi minister sees market balance www.reuters.com

Crude prices extended gains on Monday in Asia, supported by comments from the Saudi energy minister saying the oil market is heading toward balance.

London Brent crude for September delivery LCOc1 was up 17 cents at $50.52 a barrel by 2247 GMT on Sunday, after settling up 64 cents at $50.35 on Friday.

NYMEX crude for August delivery CLc1 was up 5 cents at $49.04 a barrel, after closing up 66 cents, or 1.4 percent, on Friday. There will be no West Texas Intermediate crude settlement on Monday as U.S. financial and commodity markets are closed for the Independence Day holiday.

The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to settle, according to comments carried by Saudi state news agency SPA.

U.S. drillers last week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the well pad since August that signaled a near-two year rout in drilling may have ended.

The Niger Delta Avengers, a militant group that has been carrying out attacks on Nigerian oil facilities in the past few months, claimed responsibility on Sunday for five new attacks in the southern energy hub since Friday.

Attacks in the Niger Delta have pushed Nigerian crude production to 30-year lows, although the Nigerian National Petroleum Corporation (NNPC) said last week that output was rising because of repairs and a fall-off in attacks.

Russian oil output stood at 10.84 million barrels per day (bpd) in June, up from 10.83 bpd in May, Energy Ministry data showed on Saturday.

Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike that would have cut the output from western Europe's top oil and gas producer by about 6 percent, employers and unions said.

Money managers cut their net long U.S. crude futures and options positions in the week to June 28, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

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London stock exchange shareholders to vote on German deal www.bbc.com

Shareholders in the London Stock Exchange are due to vote on a planned merger with its German counterpart Deutsche Boerse.
The two agreed a $27bn (£20bn) deal earlier this year but the Brexit vote has raised questions about how it should be implemented.
Both companies have said the outcome does not affect the logic of the deal.
However Germany's regulator, Bafin, said the headquarters could not be in London, as had been planned.
"Without doubt... it is hard to imagine that the most important exchange venue in the eurozone would be steered from a headquarters outside the EU," said Felix Hufeld, Bafin's president.
"There certainly has to be an adjustment here."
It does not have a veto on the deal but it is thought that Deutsche Boerse is likely to take its concerns seriously.
In a joint statement released shortly after the UK's referendum the companies said the outcome did not affect "the compelling rationale of the merger".
In fact, the head of the Deutsche Boerse Joachim Faber said the decision made it "ever more important to maintain and foster ties between the UK and Europe".
The deal still needs to be approved by regulators and, according to Reuters news agency, any major changes to it could need further shareholder approval.
As it stands, the deal is expected to be approved later on Monday with German shareholders due to vote on it on 12 July.
The companies hope to complete the deal in early 2017.
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EU extends sanctions against Russia for another six months www.rt.com

The European Union has formally extended economic sanctions against Russia until January 31, 2017, the EU Council announced in a statement on Friday.
The sanctions limit access to EU capital markets for a number of Russian financial institutions, as well as energy and defense firms. Restrictions on arms trading and certain types of oil production technology will also be extended.
"On 1 July 2016, the Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 January 2017," said the Council statement.
Relations between Moscow and the West deteriorated during the 2014 Ukraine crisis.
The United States, the European Union and their allies accused Russia of involvement in the conflict in Eastern Ukraine and the annexation of Crimea, claims the Kremlin has repeatedly denied.
Washington and Brussels introduced several rounds of sanctions against Russian individuals, as well as the energy, banking and defense sectors. In response, Moscow banned food imports from countries that joined anti-Russian sanctions.
On Tuesday, Russian President Vladimir Putin signed a decree prolonging the embargo on Western products until the end of 2017.
The Council plans to discuss EU-Russia relations and sanctions during a meeting in the fall.
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World's largest copper mine output, profit plummeted in Q1 www.mining.com

Output at Chile’s Escondida, the world's largest copper mine, fell in the first three months of 2016 causing profits to sink 47% to $265 million compared to the same period last year, among weak prices for the industrial metal.
 
The mine, co-owned by BHP Billiton (57.5%) and rival Rio Tinto (30%), produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015, Chilean newspaper La Tercera reported (in Spanish).
 
Mine revenues also plummeted to about $1.4 billion from $2 billion in the same period last year.
 
If Chile’s production continues to suffer due to weak prices, the country — the world’s No. 1 copper producer — will lose ground to competitors including Peru, China, United States, Australia and emerging markets, such as Zambia and the Democratic Republic of Congo, in Africa’s Copperbelt, state copper commission Cochilco warned in January.
 
While copper prices have picked up in recent weeks, long-term demand fundamentals are likely to limit price rises in 2016, experts believe.
 
Growth in China — the world’s largest copper consumer, accounting for 45% of global demand — continues to be slow.
 
"Chinese manufacturing is not picking up momentum, so demand is not picking up and there is no reason for copper prices to rise," Julius Baer analyst Carsten Menke told Reuters last month.
 
“Despite sizable policy stimulus in China…demand for copper is unlikely to receive a boost on the scale that had seemed likely,” Caroline Bain, senior commodities economist at Capital Economics wrote on Wednesday.
 
The chairman of Codelco, the world’s largest copper miner, agrees. Oscar Landerretche, who holds a Ph.D. in economics from The Massachusetts Institute of Technology (MIT), has said that oversupply is likely to last through this year and next, keeping prices around $2 to $2.10 a pound.
 
More than 750,000 tonnes of annualized supply were idled in 2015 by companies including Freeport McMoRan and Glencore in response to low prices, according to a report by consultants Wood Mackenzie.
 
In addition some major projects are ramping up this year including China Minmetals' Las Bambas mine and Freeport's Cerro Verde expansion project in Peru. There is also a robust pipeline of projects that could fill any supply gaps including First Quantum's Cobre Panama and the Goldcorp-Teck joint venture in Chile named NuevaUnion.
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BMW and Intel plan robot car production www.bbc.com

BMW, Intel and computer vision firm Mobileye have signed a deal to develop autonomous vehicles.
The three firms will collaborate on the systems needed to make cars that can navigate without any help from a human driver.
The vehicles will be capable of driving safely along major roads as well as in suburban and inner city areas.
BMW said it hoped the collaboration would mean it could put robot cars into production by 2021.
The research partnership was announced on the day when US officials begin an investigation into a fatal car crash involving a Tesla Model S, to which self-driving technology could have contributed.
Plugged in
BMW said the trio would develop computer and sensor systems that gradually reduce the part humans play in driving a car. Ultimately, it said, it hoped to produce vehicles that could operate entirely autonomously without any people onboard.
Achieving this, said BMW, would make it possible for fleets of unmanned vehicles to operate safely. This, it added, could spur the creation of novel ride-sharing services in urban areas or lead to the creation of long-distance delivery services that employ robot-driven trucks.
In a statement, the three firms said they were "convinced that automated driving technologies will make travel safer and easier".
They pledged to make the results of the research available to other car makers and electronics firms to help standardise technologies used in autonomous vehicles.
Early work would focus on a "highly automated driving" prototype which BMW said it planned to demonstrate this year. More extensive tests of this technology across lots of vehicles were planned for 2017, it added.
The autonomous car that emerges from the partnership would be likely to be electric and called the iNext, it said. Other vehicles in the i-range include the i8 hybrid and the i3 all-electric vehicle.
Before now, BMW has shown off concept cars that use autonomous technology and it is already working with Baidu in China to produce a self-driving car suited to that market.
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Chinese company Hisense reaps benefits from Euro 2016 sponsorship www.chinadaily.com

BEIJING - Chinese electronics giant Hisense appears to have gotten its money's worth out of its sponsorship of the Euro 2016 soccer championship.
Hisense signed as the 10th global partner for the UEFA EURO 2016 finals on Jan 14, joining top brands Adidas, Carlsberg, Coca-Cola, Continental, Hyundai-Kia, McDonald's, Orange, SOCAR and Turkish Airlines to complete the tournament's sponsorship program.
 
Hisense kept its sponsorship fee a secret, while reports said it spent 370 million yuan ($55.61 million) for its debut in the top European soccer event, a sum amounting to about 25 percent of last year's net profit.
 
As the first-ever Chinese company to endorse the 56-year-old tournament, Hisense announced that its Euro 2016 exposure in China alone meant that returns exceed its investment after only the group stage.
 
"It has been the most successful brand marketing in the company's 47 years of history," said the company's brand director Zhu Shuqin.
 
Hisense said its logo appeared not only on the LED screen on site in the 36 group matches, but also on the tickets and the interview backdrops.
 
"Hisense's logo was caught by the cameras during the matches and seen by millions of TV viewers all over the world," Zhu said.
 
In China, Hisense's logo exposure through the live broadcast of China's Central Television amounts to some 300 million yuan worth of advertisement on TV, Zhu said, adding that 35 million Chinese fans followed the tournament and watched the matches on TV.
 
Pleased with the results of their sponsorship at Euro 2016, Zhu revealed that the company may go on to sponsor the 2018 Russia World Cup while its endorsement for other UEFA national team competitions will run until the end of 2017.
 
The competitions include the European Qualifiers for the 2018 FIFA World Cup, UEFA Futsal Euro 2016, the 2017 UEFA European U-21 Championship and UEFA Women's Euro 2017.
 
European soccer's ruling body UEFA also seems happy to have Hisense on board. Guy-Laurent Epstein, the marketing director of UEFA Events SA, told Xinhua that the sponsorship "is something between football and the Chinese brand. As we provide a great commercial platform, I am sure that this sponsorship will give Hisense a great opportunity to grow their brand in Europe and internationally."
 
"We look forward to working closely together with them in a mutually beneficial partnership that will also further promote the best of European football to millions of fans in China," he added.
 
While Hisense added the first-ever Chinese flavor to the European Championship, other Chinese enterprises are also seeing potentially enormous returns from sponsoring high profile sports events.
 
In December last year, Alibaba E-Auto, an "internet car" brand owned by Chinese e-commerce giant Alibaba Group, reached an eight-year presenting partnership of the Club World Cup with soccer's world governing body FIFA.
 
Alibaba thus became the first Chinese company to have presenting partnership with the FIFA tournament.
 
Months later, Chinese real estate and entertainment giant Wanda Group inked a partnership deal with FIFA which runs through the 2030 World Cup. The contract grants Wanda the highest level of sponsorship rights in the next four FIFA World Cup editions.
 
But Wanda's ambition did not stop at soccer. It also ventured into basketball, becoming the exclusive partner of the Federation of International Basketball (FIBA) for their worldwide sponsorship, including the sale of licensing rights and global marketing.
 
"It was not a mindless splurge. We are buying our way out because the key international sports industry resources, including the marketing rights and broadcast rights can only be redistributed in this way," said Wanda chairman Wang Jianlin.
 
Last year, Wanda nailed a 20 percent stake in Madrid Atletico at 45 million euros, merged with World Triathlon Corp. (WTC) for 585 million euros, and acquired Swiss sports marketing group Infront Sports & Media for 1.05 billion euros.
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Mongolia and Turkey have willingness to cooperate in tourism www.mongolia.gogo.mn

Delegates of the Association of Turkish Travel Agencies (ATTA) visited Mongolia on June 22-30 at the invitation of tourism organizations of Mongolia.
On Wednesday, the ATTA delegates attended a business meeting held at the Turkish Embassy where the parties exchanged views on the present situation of the Mongolia-Turkey cooperation in tourism industry. Murat Karagoz, the Ambassador Extraordinary and Plenipotentiary of Turkey to Mongolia underlined that Mongolia has a potential for attracting tourists by its natural landscapes, traditional history, custom and culture. The visa-free agreement between the countries and the direct flight by the Turkish Airlines are essential factors favoring bilateral cooperation in tourism, he emphasized.
B.Margad, Department head of the Ministry of Environment, Green Development and Tourism expressed his satisfaction with receiving the visiting Turkish delegation, and said Mongolia wants to learn Turkish experiences in tourism.
In turn, member of the ATTA’s Executive Board Sinan Halic also expressed a satisfaction with visiting Mongolia, and pointed out that his country has the willingness to augment Turkish tourists to Mongolia.
In scope of the visit, the Turkish delegates travelled to Arkhangai and Ovorkhangai aimags, Terelj National park, the “Tsonjin Boldog” camp and Tonyukuk's statue in Tov aimag.
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Rio Tinto exits PNG, gives away copper-gold mine with $51bn in reserves www.mining.com

Mining giant Rio Tinto (LON, ASX:RIO) has given away a 54% stake in a Papua New Guinean copper and gold mine, which has reserves estimated to be worth $51 billion.
 
The decision to hand back the shares in its subsidiary Bougainville Copper Limited (ASX:BOC) to an independent trustee, follows a company review of the asset that was triggered by the Bouganville government’s pressure to restart mining at Panguna or give it up.
 
“Our review looked at a broad range of options and by distributing our shares in this way we aim to provide landowners, those closest to the mine, and the people of Bouganville a greater say in the future of Panguna,” Chris Salisbury, Rio’s copper and coal chief executive said in a statement.
 
The trustee, noted Rio, will manage the distribution of its shares between the autonomous Bouganville government and the PNG government, providing them with a platform to work together on options for the resource.
 
In a separate statement, Bougainville Copper said its board of directors is considering the implications of Rio’s move. The company’s Chairman and Managing Director Peter Taylor will resign, and Robert Burns has been appointed acting chairman.
 
The Panguna mine was once a major producer and one of the largest open pit mines in the world. It’s believed to still hold about 5.3 million tonnes of copper and 19.3 million ounces of gold. However, it could cost up to A$10 billion to restart production, The Australian reports (subs. required).
 
Bougainville was the mine operator until local opposition sparked a civil war and forced it to shutdown in 1989.
 
Rio’s decision on Panguna echoes a similar move two years ago, when the company decided to give away its 19.1% stake in Northern Dynasty Minerals (TSX:NDM) (NYSE:MKT), a company leading the controversial Pebble Mine copper and gold project in the Bristol Bay region of Alaska.
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