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    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia to up coal exports to China by 20% in 2025, expand energy sector www.san.com

Mongolia plans to increase its coal exports to China by nearly 20% in 2025, with a goal of ultimately reaching 165 million tons of export capacity. A new cross-border rail link between the two countries is expected to support this growth.
Mongolia is also expanding its energy sector by pursuing projects such as the Power of Siberia 2 pipeline, linking Russia and China through Mongolian territory, as well as hydrogen exports to Middle Eastern nations.
As natural resources account for over 90% of Mongolia’s exports and more than a quarter of government revenue, the country aims to strengthen its role in the global energy market through international partnerships.
Full Story
Mongolia is set to increase its coal exports to China by nearly 20% this year as part of a broader effort to strengthen energy cooperation with international partners. Prime Minister Oyun-Erdene Luvsannamsrai announced in an interview on Monday, Feb. 17, that the country anticipates coal exports will reach 100 million tons in 2025, up from the nearly 84 million tons shipped last year.
“Mongolia has vast land capable of producing energy,” Oyun-Erdene said. ”We can sell the energy to China and also other Asian superpowers.”
How will Mongolia export more coal to China?
The increase follows a recent agreement between Mongolia and China, which has paved the way for a new cross-border rail link designed to facilitate greater coal exports. The project is expected to add an additional 30 million tons of coal export capacity and is one of multiple railway connections that Mongolia hopes to build, with an ultimate goal of raising coal export capacity to China to 165 million tons.
What other moves is Mongolia making in the energy sector?
Beyond coal, Mongolia is also looking to diversify its energy sector and enhance cooperation with China and other countries in renewable energy production, hydrogen fuel and natural gas transit. One of the key initiatives the country is pursuing is the long-discussed Power of Siberia 2 pipeline, a proposed natural gas conduit linking Russia and China through Mongolian territory.
The project has faced delays due to price negotiations, but Mongolia said it remains ready to facilitate progress. Oyun-Erdene proposed to Chinese Premier Li Qiang the idea of hosting a trilateral meeting in the Mongolian capital of Ulaanbaatar to advance discussions following talks with Russian President Vladimir Putin.
“The Mongolian government is ready to sign the agreement and move forward with this project when the purchase agreement is concluded between Russian and Chinese state-owned firms,” he said.
Is Mongolia exploring energy exports with any other nations?
Additionally, Mongolia is exploring the potential of using its coal reserves to produce hydrogen, which is increasingly viewed as a sustainable fuel alternative for heavy industries such as steel-making. The government has engaged in negotiations with countries in the Middle East regarding possible hydrogen exports, highlighting its ambition to become a major player in the evolving global energy landscape.
What happens next?
Mongolia’s natural resources remain a crucial pillar of its economy, accounting for over 90% of its exports and more than a quarter of government revenue. With increasing global demand for these resources in the power sector, Mongolia is positioning itself in the international energy market in the coming years.
By Jack Aylmer (Energy Correspondent), Jack Henry (Video Editor), Mohammed Ali (Senior Motion Designer)
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Mobicom Brings Circles' AI-Powered Xplore to Mongolia www.thefastmode.com

Mobicom has announced a strategic partnership with Circles, a global telco technology company. Central to this partnership is the launch of Xplore, an advanced AI-powered software-as-a-service (SaaS) platform co-developed by Circles and leading global telecom operators. Designed to personalize user interactions, boost engagement and unlock new digital opportunities, Xplore has successfully gone live in four markets and will transform digital experiences for Mobicom Corporation and its consumers in Central Asia.
The launch of Xplore accelerates Mobicom Corporation's digital evolution, strengthening its telecom leadership in Mongolia and Central Asia with AI-powered solutions that enhance customer engagement and unlock new opportunities.
As part of its commitment to next-generation digital experiences, Mobicom Corporation will integrate Xplore to enhance its service offerings with AI-powered content, expand customer touchpoints, and create new revenue opportunities. Xplore's suite of applications will drive user interactions, enhance digital engagement and provide differentiated services in a competitive telecom landscape.
With Xplore, Mobicom Corporation is poised to unlock significant revenue growth through improved customer retention, enhanced engagement, and reduced churn. Xplore's ecosystem enables cost-efficient innovation, allowing Mobicom Corporation to rapidly deploy new digital services without the heavy investment typically required for in-house development.
Koji Kurushima, Chief Executive Office, Mobicom
The future of telco lies in creating seamless, digital-first experiences that go beyond connectivity. At Mobicom Corporation, we see our partnership with Circles as more than just adopting new technology—it is about reimagining how we engage, entertain, and add value to our customers' lives. With Circles, we are unlocking new possibilities that will set a new benchmark for digital innovation in Mongolia and inspire the next era of mobile experiences.
Sanjay Kaul, Chief Revenue Officer, Circles
We are excited to partner with Mobicom Corporation to transform digital engagement in Mongolia. Mobicom Corporation is redefining what it means to be a digital-first telco, and we're proud to support this journey. With the launch of Xplore, an AI-powered platform developed by Circles with global telco operators, Mobicom Corporation is unlocking new opportunities to engage customers. This partnership highlights the growing demand for agile, AI-driven digital ecosystems. We are committed to helping Mobicom Corporation drive engagement, unlock new revenue streams and set new standards for digital innovation in Mongolia and beyond.
BY Tara Neal
Tara Neal is the Executive Editor and Telecom Strategist of The Fast Mode. She has more than 26 years of experience in research, analysis and strategy planning. Tara has worked on various strategy projects covering business strategies and performance management. She has written extensively on various topics relating to the latest technologies, digital services innovations, operator strategies, market trends and the development of various emerging sectors. Tara holds a First Class Honours in BSc Accounting and Finance from The London School of Economics, UK and is a CFA charterholder from the CFA Institute, United States.
Follow her on Twitter, LinkedIn or Facebook. She can be reached at tara.neal@thefastmode.com
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Mongolian football player signs contract with Czech Premier League club www.akipress.com

On February 13, 20-year-old Tuguldur Gantogtokh, who previously played for the Czech football club Dynamo České Budějovice, signed a professional contract with the club until 2028.
He began his career with the Mongolian club Arvis and took part in several youth tournaments before moving to the Czech Republic with his family in 2020. He then joined local club Tábor, and in 2022, Dynamo České Budějovice signed a contract with him and accepted him into their academy.
During his studies, Tuguldur played for the U19 national team and made his debut in the Czech Premier League in November 2023. In spring 2024, he was called up to the Mongolian national team for the first time, where he played against Tanzania and Azerbaijan.
"Mongolian striker Tuguldur Gantogtokh, who signed his first professional contract, will link his future football career with the South Bohemian team," wrote the official website of the football club SK Dynamo České Budějovice.
"I am very happy that I signed my first professional contract. This is a great motivation for me. Unfortunately, I am injured now, but I believe that I will gradually return. I am starting to train slowly, I hope everything will be fine," Tuguldur Gantogtokh said after signing the contract.
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“White Gold” National Movement to Double Mongolia’s Wool and Cashmere Exports www.montsame.mn

On February 13, 2025, President of Mongolia Khurelsukh Ukhnaa visited “Sor Cashmere,” “Snow Fields,” and “Ulaanbaatar Hivs” companies under the “White Gold” National Movement.
The President has initiated the “White Gold” National Movement to enhance the value of livestock-derived raw materials. The successful implementation of the Movement will increase the production and export of internationally competitive, high-value-added products with traceable origins and quality certifications. As a result, the value of livestock-derived raw materials will rise, improving herders’ incomes and livelihoods while elevating the agricultural and light industry sectors to a new level.
“Sor Cashmere” LLC sources 800 tons of cashmere annually from 13 aimags, in addition to processing approximately 200 tons of camel wool, over 30 tons of yak down, and more than 200 tons of sheep wool. The company produces pure yarn and finished products, exporting to 17 countries while supplying over 150 domestic knitting workshops with cashmere, camel wool, and yak-down yarn. The company’s officials introduced plans to expand their dehairing facility.
“Snow Fields” LLC collaborates with 360 herder households across three soums in Dornod aimag, processing wool and cashmere while producing 50 tons of finished products annually for export to Japan, Russia, Ukraine, France, the United States, Switzerland, Germany, and South Korea. The company also manufactures 70 tons of wool, cashmere, and yak down yarn for the domestic market annually. “Snow Fields” LLC plans to establish a processing line for recycling knitted materials, converting used wool and cashmere garments into yarns for new products.
“Ulaanbaatar Hivs” JSC produces pure wool carpets under the brands Altanbulag, Altan Urguu, Sayan, and Ulaanbaatar, supplying an average of 55,000 to 60,000 square meters of carpets annually, which accounts for 10-12 percent of the total domestic carpet production. The company exports 30-35 percent of its products to China and is currently upgrading its equipment to increase production capacity. The company’s officials expressed their support for the “White Gold” National Movement, highlighting its timely implementation and potential benefits, such as the development of agriculture and light industry, as well as increased incomes for herders.
This year, enterprises will receive a total of MNT 800 billion in loans, with over MNT 100 billion already disbursed as of February 1, 2025.
President Khurelsukh expressed gratitude to the enterprises and entrepreneurs who create jobs, collaborate with herders, manufacture final products for both domestic and international markets, and contribute to the economy by paying taxes. Over the course of three years, the “White Gold” National Movement aims at generating more than 8,000 jobs.
The “White Gold” National Movement is expected to:
Increase the cashmere processing rate from the current 20 percent to 40 percent, raising total production from MNT 1.5 trillion to MNT 2.3 trillion and exports from USD 398 million to USD 690 million, creating over 3,000 new jobs.
Increase the wool processing rate from 25 percent to 55 percent, raising production from MNT 240 billion to MNT 670 billion and exports from USD 52 million to USD 119 million, leading to about 2,200 new jobs.
Improve the leather processing rate from 30 percent to 50 percent, increasing revenue from MNT 57.8 billion to MNT 900 billion and exports from USD 9.6 million to USD 22.4 million, generating approximately 3,000 new jobs.
Additionally, the volume of exported livestock-derived raw materials is projected to double, reaching approximately USD 800 million.
The total budget of the “White Gold” National Movement amounts to MNT 2.19 trillion, of which MNT 680 billion will be financed by the State Budget.
Commercial banks will allocate MNT 1.5 trillion in loans to enterprises, while foreign loans and aid-funded projects will be aligned with the program’s objectives. Mongolia has an annual capacity to produce approximately 50,000 tons of wool and cashmere, including 37,000 tons of sheep wool, 10,000 tons of cashmere, 2,000 tons of camel wool, and 400 tons of yak down. However, more than 70 percent of these raw materials are currently exported in washed but unprocessed form.
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Authorities benefit from incompetent local governors www.ubpost.com

Citizens rarely have direct interactions with the mayor. However, they have the right to meet with the governor of their khoroo at any time to address their concerns. In practice, essential government services are first provided by local governors, doctors and police officers within their respective villages. Unfortunately, the khoroo governors who are closest to the citizens have long misused their authority, eroding public trust by engaging in favoritism, trading rights, compromising their integrity and undermining community values.
For years, the public has identified the governors as key sources of dysfunction within local governance. Many citizens agree that their most notable activity is political agitation on behalf of parties rather than serving the community. A recurring issue raised by residents is the instability of human resources within primary government units, particularly during election years. Frequently, new appointments are made not based on merit or community collaboration but on political alignment. Given that more than 50 percent of the governors of the bag and khoroo are replaced during national, provincial and capital city elections, there is growing concern that these positions are largely controlled by political parties rather than being dedicated to public service.
Furthermore, citizens argue that many bag and khoroo governors lack relevant experience and a clear understanding of their responsibilities but excel in political campaigning. There is also a widespread perception that these officials engage in discriminatory practices, favoring individuals based on political affiliation or socioeconomic status rather than prioritizing the needs and interests of the public. This persistent issue continues to undermine trust in local governance and highlights the urgent need for reform.
Since 1992, the administrative and territorial division of Mongolia has been structured into bag, khoroo, district, province and the capital city. According to a survey conducted last year by the National Statistics Office, Mongolia comprises 21 provinces, 330 soums, 1,647 bags, the capital city, nine districts, and 204 khoroos. A khoroo is the primary administrative unit of Ulaanbaatar, while a bag serves as the primary administrative unit of the provinces. Each bag and khoroo is overseen by a governor, with 1,851 governors currently serving in primary state units nationwide.
Ulaanbaatar’s nine districts previously had 152 khoroos, but due to increasing population density, several were subdivided, resulting in the current 204 khoroos providing public services to citizens. The responsibilities and jurisdiction of bagh and khoroo governors are extensive. They manage and safeguard sensitive personal information, which is stored in the electronic database and secure archives of each khoroo, protected by law.
Would you believe that 141 laws define the powers and functions of province, soum, bag, and khoroo governors nationwide? This means a significant number of legal provisions relate specifically to the duties of bag and khoroo governors. However, governors are not required to independently search for these provisions across multiple laws. However, many members of khoroo, as well as bag leaders, are not well-versed in these laws. It is no exaggeration to say that they often operate under the “laws” of their political party and superiors rather than the actual legal framework. Moreover, when incidents that shock society arise, the governors frequently hold the “card” to manage and suppress public outrage.
A recent example is the tragic case of six family members who died from carbon monoxide poisoning, which gained widespread attention on social media. In addition to the sole surviving family member’s statement, sensitive personal information about the deceased was improperly disseminated online, seemingly to distract public attention from the core issue. Information that should have been legally protected, such as the victims’ struggles with alcoholism, their poverty, the assistance they received from the khoroo, and the victim’s son’s involvement in theft, was made public. This breach of confidentiality exposed the victims to unnecessary scrutiny and violated their right to privacy.
Minister of Justice and Home Affairs O.Altangerel recently announced that a case has been opened against B and four others who allegedly leaked this information via a Facebook group chat before it was widely shared on social media. The public remains divided over who initially disclosed these details, with widespread suspicion falling on the khoroo governor. Many citizens believe that only khoroo employees had access to such confidential information, raising serious concerns about data privacy and the ethical conduct of local government officials.
District governors have been “accused” of orchestrating political manipulation, including the unauthorized distribution of citizens’ registration numbers, addresses, family status, socioeconomic conditions and voter information during elections. It has become increasingly common for political operatives, known as agitators, to invade citizens’ privacy under the guise of election campaigning. These individuals enter homes uninvited, make unsolicited phone calls, and aggressively solicit political support. Even in public spaces, such as queues for government services, citizens report being openly approached with statements like, “You live in that building, right? Support our candidate,” blatantly violating their right to privacy and free choice.
On top of that, district officials are frequently criticized for favoritism in the distribution of donations, loans, aid and food stamps from state, private and international organizations, prioritizing personal acquaintances over eligible recipients. This persistent misconduct raises an essential question: What kind of individuals should serve as district governors? Is there any legal provision that allows a governor to infringe upon citizens’ rights, opinions, or voting freedoms? In accordance with the Law on the Management of Primary State Units, a governor is a special official responsible for implementing state administration within their jurisdiction. As a representative of the state, the governor is tasked with ensuring the enforcement of laws, government decisions and directives from higher authorities. Their powers and responsibilities are strictly defined and limited by law. Therefore, under the principle of the rule of law, governors must fully understand their legal authority and obligations and ensure that their decisions and actions strictly adhere to legal and ethical standards.
Under the Law on Administration, Territorial Units and Their Management of Mongolia, candidates for bag and khoroo governor positions must meet specific legal requirements, including having a higher education, being free of financial and tax debts, and having no criminal record. They are elected by a majority vote of local councils and must be approved by a higher-level governor. However, despite the legal framework defining their powers and responsibilities, there are few standardized procedures for their selection or appointment. Their professional background, work experience and legal knowledge are inconsistently addressed in different laws, making it difficult to establish a unified national database on the age, gender, qualifications and skills of the 1,851 bag and khoroo governors.
The National Statistics Office has acknowledged this gap, stating that since these officials are political appointees, no detailed human resource surveys are conducted at the national level. Instead, such assessments may be carried out in part by the Civil Service Council or political parties. While a census of administrative structures, territorial units and populations exists, there is no comprehensive database on the human resources within primary administrative units.
A 2021 performance assessment of the statistics office revealed serious concerns about the qualifications of local governors. Many are unskilled or non-professional, struggle with timely reporting, and lack proficiency in computer and software skills, making it difficult for them to manage population databases, census reports, and statistical data effectively. Despite these issues, no further studies have been conducted on the competency of khoroo governors at the capital city level.
This lack of oversight benefits those in power, as it ensures that governors are chosen based on political loyalty rather than professional qualifications. The result is a system where uneducated, inexperienced and politically affiliated individuals hold key administrative positions, weakening governance, public trust and service delivery at the primary level.
The bag and khoroo governors play a crucial role in implementing laws and policies within their respective territories. As officials working in coordination with government offices, secretariats, and professional organizations, they are expected to have a strong legal foundation to effectively carry out their duties. However, it is concerning that no systematic evaluation or study has been conducted on the age, gender, education and skills of nearly 2,000 primary-level government officials. To date, only one targeted study has been conducted at the provincial and soum level, leaving a significant knowledge gap in assessing the overall qualifications of these officials.
For example, a 2023 study in Khuvsgul Province revealed that out of 128 bagh governors, only three had legal qualifications, and 57 percent were newly appointed. The Bag Governor’s Office employees also face instability in their positions, with a shortage of qualified personnel and inadequate human resources. As a result, many of these offices struggle to address local issues within a legal framework, conduct project planning and monitoring with proper legal grounds, or provide informed recommendations to higher authorities.
The Law on Administration, Territorial Units and Their Management of Mongolia emphasizes empowering primary-level governors and enhancing their education and skills. To achieve this, the government organizes regular meetings, conferences, and annual online training programs covering professional, methodological, ethical and legal aspects of governance. However, despite these efforts, public criticism persists. Many argue that these governors lack the minimum qualifications and skills, make highly politicized decisions, and fail to uphold the ethical standards expected of state officials. This concern highlights the urgent need for better selection processes, stricter competency requirements, and continuous professional development for primary-level government officials.

 
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Study underway to ban children under 16 from accessing social networks, says Mongolia education minister www.gogo.mn

P.Naranbayar, Minister of Education, made a statement on February 14, 2025, announcing that a Working Group has been established to explore a potential law prohibiting children under 16 from accessing social networks in Mongolia. The group, led by Minister’s Advisor D.Gantulga, will study similar laws implemented in other countries, particularly focusing on Australia’s recent legislation.
Australia’s Law as a Reference
On November 29, 2024, Australia passed a law prohibiting children under 16 from using social networks such as Facebook, Twitter, Snapchat, and TikTok, which has since gained global attention. The Working Group in Mongolia is now reviewing the effectiveness of this legislation and working on a draft law that could introduce similar restrictions. The aim is to protect children from inappropriate content, cyberbullying, and potential mental health risks associated with excessive social media use.
Public Consultations and Data-Driven Approach
Minister Naranbayar emphasized the importance of reaching a social consensus on the issue through discussions and consultations with all affected groups. He cited a 2020 survey on “Children’s Safety in the Online Environment,” which revealed a concerning disparity: while 91% of parents believed their children had never been attacked online, 87% of children reported experiencing online abuse—60% of whom never told their parents.
“Protecting our children from inappropriate content and online risks is a responsibility we must take seriously,” said the minister. He noted that several European countries have introduced similar measures:
In France, users under 15 must have parental consent to access social media.
Germany allows children aged 13-16 to use social networks with parental supervision.
Norway is considering raising the minimum age for social media use to 15.
Countries like the United States, Canada, and the United Kingdom require parental consent to collect information from users under 13.
Balancing Protection and Access to Educational Content
Minister P.Naranbayar reassured the public that children’s right to access educational content on platforms such as YouTube and Medley will not be affected. He stressed that the use of school management systems (SMS) and learning management systems (LMS) will be improved to ensure effective teacher-student communication without relying on social media platforms like Facebook Messenger.
The Eduten program, in use from the second grade, allows children to engage in learning activities for around 20 minutes at a time without causing screen addiction. The program utilizes smartboards in classrooms and computer screens at home, promoting structured learning.
Screen Addiction: A Growing Concern
D. Gantulga, head of the Working Group, warned about the dangers of screen addiction, comparing it to other forms of dependency such as gambling, alcohol, and drug addiction. “When children are exposed to screens excessively, their brains release increased amounts of dopamine, similar to addiction patterns in other areas,” he said. “This can lead to long-term mental health issues.”
He emphasized that the working group is closely studying the Australian model to develop policies that protect Mongolian children from screen addiction while promoting safe and healthy digital engagement.

 
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InvesCore Financial Group Pte. Ltd. completed the acquisition of Fintech Asia Limited (LSE : FINA) in a reverse merger transaction www.marketscreener.com

InvesCore Financial Group Pte. Ltd. entered into non-binding heads of terms to acquire Fintech Asia Limited (LSE : FINA) in a reverse merger transaction on March 14, 2023. The consideration for the proposed acquisition shall be satisfied by the issue of ordinary shares in Fintech Asia equivalent to not less than 80% and not more than 90% of the total share capital of Fintech Asia. Upon the occurrence of a Break Fee Event, InvesCore and its vendors will be jointly and severally liable to pay Fintech Asia the actual costs it has incurred in relation to the proposed acquisition of up to £2 million in cash. As of January 23, 2025, ICFG Limited signed an acquisition agreement on January 23, 2025. EGM of ICFG Limited will be held on February 11, 2025. the Company is proposing to change its name to "ICFG Limited", subject to the passing of the requisite resolution at the Extraordinary General Meeting and Admission. At that time, the Company's stock ticker symbol will be changed to "ICFG".
Completion of the proposed acquisition is subject to various conditions, including the completion of appropriate due diligence, the entering into of a sale and purchase agreement, the approval of Fintech Asia shareholders at a general meeting to be convened in due course, the publication of a prospectus by Fintech and approval of FCA. The long stop date for the entering into a definitive sale and purchase agreement is December 31, 2023. As of September 8, 2023. intech Asia Ltd on Friday said it obtained an unsecured committed facility of GBP1 million via a convertible loan note instrument with the noteholder IVC Estonia OU. Rory Murphy of Strand Hanson Limited acted as financial advisor of Fintech Asia Limited.
InvesCore Financial Group Pte. Ltd. completed the acquisition of Fintech Asia Limited (LSE : FINA) in a reverse merger transaction on February 12, 2025. Fintech Asia's name will be legally changed to ICFG Limited and is expected to be effective on market on February 13, 2025 with the TIDM changing to 'ICFG'.
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Mongolia to Conduct Geological Mapping and Surveys of Critical Minerals in Cooperation with the British Geological Survey www.montsame.mn

On February 13, 2025, the Mongolian National Mining Association and the British Embassy jointly organized a discussion on “Mining Investment Opportunity in Mongolia” to exchange information and develop an action plan for further cooperation.
As raw material consumption increases due to the impact of the energy transition in the world, Mongolia focuses on geological surveys and exploration of critical minerals. Therefore, during the event exploration of critical minerals in Mongolia and cooperation with countries in geological surveys were discussed.
Mongolia will conduct geological mapping and surveys of critical minerals in cooperation with the British Geological Survey.
Advisor to the Minister of Industry and Mineral Resources of Mongolia J. Mendsaikhan, emphasized, “There is a high demand for critical minerals in many countries. If we properly take this advantage, it will positively impact on the economy. Therefore, it is necessary to properly direct the government policy for leveraging our resources and developing mutually beneficial cooperation.”
"The mining sector plays a significant role in social and economic growth. To achieve economic stability and growth, exploration and geological surveys must be intensified and all the stakeholders including government agencies, local communities, and the public should be responsible and work together. In addition, investors should be provided with favorable conditions to operate actively. If we want to increase foreign investment in Mongolia, it is time to focus on ensuring the sustainable operation of existing investors. In addition, the legal environment must also be stable. We need to intensify and support the currently stalled exploration research with policies. We have issued exploration permits in various ways, such as through applications, tenders, and selection. We need to study which of these was more effective and should increase the number of licenses issued,” noted Chief Executive Officer of the Mongolian National Mining Association Erdenetuya Ganbold.

 
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"Gashuunsukhait-Gantsmod" railway agreement signed www.gogo.mn

On February 14, 2025, L.Oyun-Erdene, Prime Minister of Mongolia, and Premier of the State Council of the People's Republic of China Li Qiang held a meeting.
During the meeting, the Government of Mongolia and the Government of the People's Republic of China signed and ratified an agreement to connect the Gashuunsukhait-Gantsmod port cross-border railway, the top priority among Mongolia’s 14 mega development projects.
Discussions on this project began in 2004. Over the past 17 years, the project went through more than 60 rounds of talks, three recommendations from the National Security Council, six parliament resolutions, and 45 government resolutions before reaching an agreement today.
The Gashuunsukhait-Gantsmod railway is the second railway link between Mongolia and China, following the Zamiin-Uud–Erlian railway, which was established under a 1955 agreement.
Once operational, the new railway is expected to double Mongolia’s port capacity. Coal exports will increase from 83 million tons to 165 million tons annually, boosting coal sales revenue by $1.5 billion per year.
The project will significantly contribute to the National Wealth Fund’s Accumulation Fund, laying the foundation for long-discussed tax reforms.
Additionally, the agreement opens the door for future railway connections at the Shiveekhuren-Sekhee, Bichigt-Zuun Khatavch, and Khangi-Mandal border ports, further enhancing Mongolia-China connectivity.
If the agreement had been finalized in 2004, it is estimated that Mongolia could have generated an additional $31.5 billion in revenue, avoiding long-standing disputes related to Tavan Tolgoi and addressing the country’s infrastructure needs much earlier.
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Mongolia Participates in the 61st Munich Security Conference www.montsame.mn

The Mongolian delegation led by Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh participated at the 61st Munich Security Conference in Germany on February 14-16, 2025.
Besides taking part in the Conference, Foreign Minister Battsetseg met with foreign ministers of countries and representatives of international organizations to exchange views on bilateral relations and cooperation. The Foreign Minister of Mongolia also attended the ministerial-level meeting of the “Feminist Foreign Policy Network,” which is traditionally organized during international conferences.
The Munich Security Conference, which has been organized annually for over sixty years, is seeing increasing numbers of participants including Heads of State, and Government, military and defense leaders, heads of international organizations, academics, media and business representatives, expanding into a leading world conference discussing international security policy.
 
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