1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

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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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China demanding to approve Mongolia’s top religious figure? www.tibetanreview.net

The Dalai Lama’s recognition of the reincarnation of Mongolia’s top religious figure, the tenth Khalkha Jetsun Dhampa Rinpoché, is reportedly being complicated by China’s nudge that its approval be sought for his enthronement, according to several international media reports in recent days.
A Mongolian boy with US dual-nationality has been revealed as the incarnation of the third most important spiritual leader in Tibetan Buddhism and was pictured for the first time alongside the Dalai Lama, reported the dailymail.co.uk Mar 23. While it is not clear on what basis the report calls him “the third most important spiritual leader in Tibetan Buddhism”, inasmuch as there is no hierarchical structure in Tibetan Buddhism, it is a fact that Khalkha Jetsun Dhampa is the top religious figure of Mongolia.
The report noted that rumours about the boy’s identity had swirled around the spiritual community for years, but that his existence has only now been confirmed with his public appearance in India, where the Dalai Lama lives in exile.
Present at the ceremony in Dharamsala on Mar 8 were also 600 Mongolians who came to celebrate their new spiritual leader, the report said.
The report speculated that the unveiling could spark fury in China, which had previously said it will only recognise Tibetan Buddhist spiritual leaders their special government-approved appointees had chosen. But this could be a misreading of the Chinese government’s intention as Mongolia is not under Chinese rule, as is the case with occupied Tibet.
Still, referring to a report by The Times, the report said that in Mongolia, the news about the Dalai Lama and his ceremony with the young boy, resulted in intense excitement among Buddhists in the country as well as “contempt among secular nationalists and alarm among those who feat that it will provoke the rage of the country’s neighbour, China”.
Despite the 9th Jetsun Dhampa’s wish for only the Dalai Lama to recognize his successor, China is seemingly nudging Mongolia to seek its approval before acknowledging a new leader. This if true would be an outrageous interference in the religious affairs of Mongolia. However, this tactic is part of China’s broader strategy to control Buddhism beyond its borders, with Mongolia being a crucial piece of the puzzle, said thediplomat.com Mar 23.
As Buddhism is deeply interwoven with Mongolia’s culture, history, and ideas of sovereignty and democracy, the country’s economic and geopolitical future hangs in the balance, the report said.
Robbie Barnett, a Tibet expert at SOAS University of London, has told The Times: “It can be taken by China as a challenge to their past claim to sole authority in choosing lamas.
“These things can cascade into confrontation with China, which could penalise Mongolia in damaging ways.”
Meanwhile, in the Mongolian city of Ulan Bator, the boy as the reincarnation of the spiritual leader has caused quite a stir, as the boy is the scion of one of the city’s richest business and political dynasties under father Altannar Chinchuluun and mother Monkhnasam Narmandakh, said the dailymail.co.uk report.
This is why the Mongolian government has remained tight-lipped about the recent appearance of the Jetsun Dhampa, as they fear similar responses from China like 2016, the report said.
That was the year in which the Dalai Lama visited Mongolia and Beijing expressed its rage by imposing several measures on the country like delaying loans or closing the border, which caused Ulan Bator to ban him from visiting Mongolia again, the report noted.
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Mongolia and Great Britain make waves amid Georgia's judo heroes www.euronews.com

Day two of the Tbilisi Grand Slam picked up on the incredible momentum of the first, with the stadium packed full of judo-crazy fans: few crowds on the World tour match the passion of Georgian supporters.
And it was Great Britain's Lucy Renshall who defeated Laura Fazliu from Kosovo to take the -63kg gold - a merited reward for her consistently strong performances at the highest level.
"Yeah it’s so nice just walking out the arena you hear people cheering, and we don’t have a big team here so it’s definitely not all my team," Renshall said. "When you’re going for a big throw you can hear the crowd, really going for it, so it’s nice, it’s motivating, it’s a good atmosphere."
One incredible Ippon after another
Mongolian youngster Erdenebayar Batzaya was on blistering form all-day - producing one incredible Ippon after another at -73kg
And he took the final against Uzbekhistan's Obidkhon Nomonov, with yet another Ippon deep into golden score.
Vlad Marinescu, Director General of the IJF, handed out the medals.
“I am so happy that my explosive techniques worked throughout the day," Batzaya said afterwards. "And that I was able to score like that against my opponents. I am so grateful.”
Enormous hip throw
Greek powerhouse Elisavet Teltsidou blasted her way to the -70kg final, an enormous hip throw the highlight of her qualifying bouts.
In the final, she won a tactical victory over the Dutch world and Olympic medallist Sanne van Dijke.
Austria's Wachid Borchashvili came out top of a tough -81kg contest against Kazakhstan’s Abylaikhan Zhubanazar, thanks to an effective dropping technique.
Local hero Lasha Shavdatuashvili was fighting today.
He's the only Georgian to have taken all three major titles - World, European and Olympic - and is a legend of the sport. Although he only managed to take bronze, his every move was greeted with raucous cheers from the crowd.
Always the sportsman, he's an inspiration to everyone.
Don’t miss the final day of the Tbilisi Grand Slam tomorrow.
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L.Oyun-Erdene: We must expose the coal mafia if we want to develop Mongolia www.gogo.mn

L.Oyun-Erdene, the Prime Minister of Mongolia, gave information at the cabinet meeting on March 24.
Coal and copper are two of the four main mining products, accounting for 93% of Mongolia's exports. Mongolia has two big groups: coal and copper. It is no secret that there is a group of people who want to buy all of them and hold politics hostage through banks. In the past, funds have been raised and court appointments have been made.
A coal mafia must be exposed if Mongolia wants to develop in the future. Look at the economic growth and budget outperformance associated with the package of measures in Tavan Tolgoi. It means that there was a large amount of hidden economy. There are many hidden problems. It is hard to discuss justice and politics if the transparency of coal and copper is not established in the next 10-20 years. Therefore, we are going to change this situation. It doesn't matter who it is; MPP or DP.
Therefore, T.Ayursaikhan told me that he wants to quit his job and to be investigated. Many problems related to 49 percent of Erdenet mining corporation and Oyutolgoi are related to Kh.Battulga and T.Elbegdorj, the two former presidents elected from the Democratic Party.
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Team Mongolia Gets off to a Flying Start with Victory www.montsame.mn

The IIHF World Championship Division IV kicked off in Steppe Arena of Ulaanbaatar, Mongolia on March 23, 2023. This Tournament is being held under the auspice of President of Mongolia Ukhnaagiin Khurelsukh.
The first game was between the Philippines and Indonesia and finished by the win of the Philippines with a score of 14-0. The Opening Ceremony of the Championship was solemnly held at 5:30 pm. The IIHF and Mongolia warmly welcomed the players, officials, fans, and everyone who attended the Ceremony. The Steppe Arena with a seating capacity of 2600 to 3600 was full of audience.
Team Mongolia got off to a flying start with an 8-0 victory against Kuwait in its first game started at 6:00 pm. There were four goals for Mishigsuren Chinzolboo, while goalie Bayarsaikhan Munkhbold shared 14 saves to blank the opposition. Mongolia made splendid Shots on Goal (SVG), reaching 56, while Kuwait’s SVG was 14.
Upcoming Games:
3/25/2023
2:00 pm – Indonesia vs. Kuwait
6:00 pm – Philippines vs. Mongolia
3/26/2023
2:00 pm – Philippines vs. Kuwait
6:00 pm – Indonesia vs. Mongolia
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Your E-Visa To Be Ready In 3 Steps www.montsame.mn

In connection with the declaration of 2023-2025, the “Years to Visit Mongolia” by the Government of Mongolia, the list of countries whose nationals are eligible to apply for Mongolian e-visa has been revised, covering 99 countries.
Citizens of the countries on this list, including European countries, Australia, and New Zeland, can apply for three types of e-visas, which are Tourist /K2/, Participant in cultural and sports competition /K4/ and Transit /K6/ from anywhere in the world.
Only three simple steps are required to apply for a Mongolian e-visa:
2. Fill out the application form accurately and completely;
3. Pay the e-visa fee online.
Your e-visa will be sent to your e-mail address within 48 hours.
Since October 2021, the Immigration Agency of Mongolia has issued over 9000 e-visas.
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Mongolia-Russia Business Forum Held in Ulaanbaatar www.montsame.mn

Russia has exported goods worth USD 2.6 billion to Mongolia, while Mongolian export to Russia has amounted to around USD 91.6 million. It clearly shows that the balance in trade between the two countries has been lost.
In this case, one of the gateways to increase Mongolian export to Russia could be the re-export, according to the attendees at the Mongolia-Russia Business Forum which was held on March 23 in Ulaanbaatar. In this regard, the President of the Mongolian National Chamber of Commerce and Industry Mr. Amartuvshin underlined the importance of developing the free trade zones in Mongolia and ensuring their readiness to increase the re-export.
Over 40 companies’ representatives from Russia, headed by the Governor of Irkutsk province Mr. Igor Kobzev, and the President of the Chamber of Commerce and Industry of Eastern Siberia Mr. Alexey Sobol participated in the Forum. Due to the proximity of location, Irkutsk province is the main bridge for trade and economic cooperation between the countries. In 2022, Mongolia exported USD 3.6 million to this province, while in turn, Irkutsk exported goods and services worth USD 170 million to Mongolia.
Underlining the interest to buy cashmere and meat products from Mongolia, the Governor of Irkutsk province Mr. Igor Kobzev expressed his readiness to develop cooperation in economy and trade at first, and further in other sectors, namely education, emergency service, tourism, health, agriculture, and environment.
On the Mongolian side, stressing the fact that our close cooperation with neighboring countries will provide a stimulus to develop our manufactories and increase our exports, the representatives suggested that the export and trade cooperation could be brought to a new level by establishing joint factories.
During the Forum, the Chamber of Commerce and Industry of Eastern Siberia and the Mongolian National Chamber of Commerce and Industry signed a Memorandum of Cooperation and the Development Corporation of Irkutsk province established several Foreign Trade agreements with Mongolian line public organizations, private enterprises, and three aimags.
As a side note, it was announced that the Summit of the Mongolian, Russian, and Chinese Chambers of Commerce and Industry would be held on June 8 this year.
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MBD, the Country representative of RX Global is going to host Mongolian exhibitors to 14th “Fashion World Tokyo”, Japan’s LARGEST International trade show in Oct this year www.mongolianbusinessdatabaase.com

Japan’s LARGEST International trade show, the “Fashion World Tokyo” autumn expo is going to be held at the Big Site Tokyo between 10-12 Oct, 2023 and its main organizer RX Japan is specifically invited Mongolian exhibitors to this brand show.
The exhibitors will have an opportunity to meet the distinguished international trading company representatives, buyers, agents and distributors who regularly attend annually for the B2B deal with more than 900 international exhibitors аnd in particularly Japanese leading trading firms, department stores and boutiques such as Мitsui, Marubeni, Ueni Trading, Mitsubishi, Onward, Yagi Tsusno, Itochu, Toyota Tsusho, Sanyei, Sumitomo, Sojits, Isetan Mitsukoshi, Hankyu Nanshin, Lumine, Takashimaya, Sogo & Seibu, Odakyu, Daimaru, Parco,Tokyu, Keio,Marui, Tobu, Beams, Ships, United Arrows, Nano Universe, Urban Research, Issey Miyake, Sazaby League, Baycrew’s.
The expo will include “Sustainable Fashion, “Fashion Sourcing”, “Textile”, “Fashion Digital Transformation”, “Japan Fashion” and “International Optical Fair” shows.
Japan is the world’s 3rd largest fashion market №1 in upper-middle price ranged market!
Please contact RX Global’s Country Representative office MBD (Mongolian Business Database) for the inquiries. Tel: 976 99066062 and email: contact@mongolianbusinessdatabase.com
(RX Global www.rxglobal.com is UK based international organization which runs over 400 events covering 43 sectors in 22 countries, in-person and online.)
THE REGISTRATION WILL CLOSE ON MAY 05. 2023
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Explainer: Does China need more Russian gas via the Power-of-Siberia 2 pipeline? www.reuters.com

Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
Putin said Russia, China and Mongolia had completed "all agreements" on finishing the pipeline to ship Russian gas to China, and that Russia will deliver at least 98 billion cubic meters (bcm) of gas to China by 2030, although a subsequent Russian statement said pipeline details still need to be resolved.
Russia proposed the route years ago but the plan has gained urgency as Moscow looks to Beijing to replace Europe as its major gas customer.
However, China is not expected to need additional gas supply until after 2030, experts say.
WHAT IS THE POWER-OF-SIBERIA 2 PIPELINE?
The proposed pipeline would bring gas from the huge Yamal peninsula reserves in west Siberia to China, the world's top energy consumer and a growing gas consumer.
The first Power-of-Siberia pipeline runs for 3,000 km (1,865 miles) through Siberia and into China's northeastern Heilongjiang province.
The new route would cut through eastern Mongolia and into northern China, according to a map by Russia's Gazprom (GAZP.MM).
Gazprom began a feasibility study on the project in 2020, and has aimed to start delivering gas by 2030.
The 2,600-km pipeline could carry 50 billion cubic metres (bcm) of gas a year, slightly less than the now defunct Nord Stream 1 pipeline linking Russia to Germany under the Baltic Sea.
WHAT DID XI AND PUTIN SAY ABOUT THE PIPELINE?
Before Xi's visit, Putin referred to the Power-of-Siberia pipeline as "the deal of the century."
But a joint statement after their talks said only that the parties involved "will make efforts to advance work on the study and approval" of the pipeline. However, official accounts of Xi's statements issued after the meetings do not mention the pipeline.
"We don't really think it's finalised yet, there are still lots of finer details to be hammered out," said Wang Yuanda, China gas analyst at data intelligence firm ICIS.
WHAT DOES MONGOLIA SAY?
When Putin and Xi met in September with Mongolian President Ukhnaagiin Khurelsukh, Khurelsukh said he supports the construction of oil and gas pipelines from Russia to China via Mongolia, adding that its technical and economic justification should be studied.
Mongolian Prime Minister Oyun-Erdene Luvsannamsrai told the Financial Times in July that he expected Russia to begin construction on the pipeline within two years, but added that the final route through Mongolia was not yet decided, according to the newspaper.
DOES CHINA NEED MORE RUSSIAN GAS?
Gazprom already supplies gas to China through the first Power-of-Siberia pipeline under a 30-year, $400 billion deal, which was launched at end-2019.
Expected to supply 22 bcm of gas in 2023, it will deliver increasing volumes before reaching full capacity of 38 bcm by 2027.
In February 2022, Beijing also agreed to buy gas from Russia's Far East island of Sakhalin, which will be transported via a new pipeline across the Japan Sea to China's Heilongjiang province, reaching up to 10 bcm a year around 2026.
Meanwhile, China is negotiating a new pipeline - Central Asia–China Gas Pipeline D - to source 25 bcm of gas annually for 30 years from Turkmenistan via Tajikistan and Kyrgyzstan.
Additionally, China has long-term contracts with Qatar, the United States and global oil majors for LNG supplies. It imported 63.4 million tonnes of the chilled fuel last year.
"The original target is for China to import 38 bcm of Russia gas by 2025. Now Russia is saying this will reach 98 bcm by 2030. That is a very big jump, so it pays to be slightly cautious on that," said Wang, the analyst.
China will also be wary of finding itself in a similar position to Europe if it becomes more reliant on Russia, he added.
Reporting by Emily Chow in Singapore; Editing by Raju Gopalakrishnan
 
 
 
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Pinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance www.pinsentmasons.com

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance.
The firm advised on IFC’s investment, alongside Dutch entrepreneurial development bank, FMO, and US-based microfinance investor, MicroVest Capital Management, in Khan Bank’s US$60 million issuance of five-year green bonds.
Khan Bank, Mongolia’s largest commercial financial institution, will use funds raised by the issuance to grow its climate portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable building and mobility.
IFC’s investment supports Mongolia’s goal to increase green lending from 1.4% at present to 10% of all banking sector lending by 2030.
James Harris, head of Finance & Projects in Asia at Pinsent Masons said: “Mongolia is facing significant environmental challenges. Green bond issuances like this one are a crucial tool in helping developing countries attract the right international investment needed to progress climate ambitions and kickstart vital infrastructure and energy projects to drive net zero journeys. This investment supports Mongolia’s sustainable finance development, helping the country develop and adopt the necessary environmental and social risk management requirements for commercial banks.”
The Pinsent Masons team was led by partner James Harris and included senior associate Tony Nicholson, and associates Olivia Wang and Qiyu Lu.
Pinsent Masons has recently advised IFC on a number of landmark impact financing transactions in Mongolia. Earlier this year, the team advised IFC on a US$130 million syndicated loan to Khan Bank to support funding the recovery and growth of Mongolian micro, small and medium enterprises (MSMEs). In December 2022, the team also advised IFC on a US$130 million syndicated loan to Mongolia’s fifth largest bank, XacBank, with proceeds going to support the funding of green projects and MSMEs in Mongolia.
Mongolia has committed to reducing greenhouse gas emissions by 22.7% by 2030. The annual financing required to achieve Mongolia’s green development targets is estimated to be $413m, with 80% expected to come from international investors and private sector players.
Asia Pacific Energy
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Mongolia marks World Water Day with conservation drive, awareness events www.xinyhuanet.com

On the World Water Day falling on Wednesday, Mongolia emphasized the importance of fresh water, urging the public to conserve water as much as possible.
According to Mongolian Minister of Environment and Tourism Bat-Ulzii Bat-Erdene, the country will soon impose a ban on washing vehicles with clean water.
On average, cars are washed with 2,000,000 liters of clean water per day in Mongolia, the minister said.
A national conference on water called "Blue Gold" initiated by Mongolian President Ukhnaa Khurelsukh is underway from Monday to Friday, discussing water resources of the country and pressing issues in the water sector.
As of 2022, about 77 percent of the country's total territory has been somehow affected by desertification and land degradation, and more than 360 rivers, streams, lakes and springs in the country have dried up, according to the ministry.
 
 
 
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