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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Events

Events

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

NEWS

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Mongolia wants to deliver digital transformation up to 90 percent by 2024 www.news.mn

Two years ago, the government of Mongolia set out a five-year plan to build a ‘digital nation’, harnessing data and technology to facilitate innovation, streamline public services and diversify the country’s mining-reliant economy.
Mongolia wants to deliver digital transformation up to 90 percent by 2024. It established the Mongolian Ministry of Digital Development and Communications. Following this announcement, the necessary legal framework was created to accelerate digital transformation, and a set of digital development laws were approved. These include the laws on Personal Information Protection, Public Information, Cybersecurity, Digital Signatures, and Virtual Asset Service Providers, all of which were approved in 2020 and implemented in May, 2022.
Startups and private sector innovation have accelerated in Mongolia, while digital governance has taken new steps against red-tape bureaucracy and corruption. The country launched the E-Mongolia platform, which provides government services online. Currently, about 2,000 government services were digitised including registering a company, getting a license and ordering a new passport etc. Over 75 per cent of the adult population is now using E-Mongolia on a daily basis.
 
 
 
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New US Ambassador to Mongolia Richard Buangan presents credentials at Foreign Ministry www.akipress.com

Vice Foreign Minister Monkhjin Batsumberel received new US Ambassador to Mongolia Richard Buangan yesterday, October 26. New US Ambassador Richard Buangan presented copies of his credentials during the meeting.
Monkhjin Batsumberel noted that Mongolia attaches great importance to relations with the United States, the third neighbor and strategic partner of Mongolia, and expressed confidence that the ambassador will work to improve the current level of bilateral cooperation.
Richard Buangan said the US is proud to be an important third neighbor of Mongolia and is committed to further expanding the strategic partnership.
Richard Lee Buangan is an American diplomat appointed as the US Ambassador to Mongolia.
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Russia, EAEU considering creation of free trade zones with Mongolia, UAE, says minister www.tass.com

BAKU, October 27. /TASS/. Russia and the Eurasian Economic Union (EAEU) are considering the possibility of creating free trade zones with Mongolia and the United Arab Emirates (UAE), Russia’s Economic Development Minister Maksim Reshetnikov said at the 15th Verona Eurasian Economic Forum in Baku on Thursday.
"The negotiations on the creation of free trade zones with Egypt, Indonesia, India are underway. We are exploring the possibilities of creating such a mechanism with Mongolia and the UAE," he said.
The Eurasian Economic Union, which consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, has already made free trade zone agreements with Vietnam and Singapore, as well as a temporary agreement with Iran.
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13 projects to be implemented in Mongolian energy sector www.montsame.mn

In the proposed State budget for 2023, Mongolia would further up its efforts to expand the energy sector. 13 projects will be implemented within this framework, and 6 new projects are being discussed.
In this draft, it`s posted that MNT 52 billion is for the expansion of the Thermal Power Plant in Dornod Province, MNT 18.6 billion for the Overhead Power Transmission Lines (OHTL) Project in Tuv aimag, MNT 14 billion for the expansion and modernization of the Substation in Bayankhongor aimag, MNT 8.5 billion for the OHTL Project in Gobi-Altai aimag, and MNT 8 billion for the expansion of the Thermal Power Plant in Khovd aimag.
In addition, loans and grants worth MNT 384.7 billion will be spent for the implementation of the projects “Construction of Erdeneburen Hydro Power Plant”, “Construction of heating plants in 10 aimags”, “First Utility-Scale Energy Storage Project”, “Increasing the efficiency of Ulaanbaatar city's heat supply”, etc.
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Mongolia's current forex reserves to run out in 3 or 4 months: central bank www.xinhuanet.com

Mongolia's current foreign exchange reserves totaled around 2.6 billion U.S. dollars, which will finance imports for only three to four months, local media reported on Wednesday, citing the central bank.
"Currently, our country's forex reserves have shrunk to around 2.6 billion dollars. The amount is adequate to cover imports for only three to four months," Byadran Lkhagvasuren, governor of the Bank of Mongolia, said in a statement.
Mongolia must make several sovereign bond payments in the coming two years, Lkhagvasuren said, adding that it is therefore necessary to increase the forex reserves.
In 2023 alone, the country will have to repay sovereign debts worth 1.3 billion dollars, he said.
The Asian country's forex reserves stood at 4.9 billion dollars at the end of April 2021, hitting an all-time high, according to the central bank.
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ADRA Board Visits Project Implementation in Mongolia www.adventistreview.org

The Adventist Development and Relief Agency (ADRA) in Mongolia recently organized a four-day monitoring visit for the members of its board. As part of its leadership training initiative, ADRA Mongolia board members visited the Sustainable Agriculture, Food and Economics Resilience II (SAFER-2) project in Bayan-Ulgii.
ADRA Mongolia board members currently include Joel Tompkins, treasurer of the Northern Asia-Pacific Division (NSD) of the Seventh-day Adventist Church; Mongolia Mission (MM) treasurer Angelina Pagarigan; MM ministerial secretary Nyamsuren Myagmar; and Bayarmaa Sengedash, a businesswoman. It also includes as guests and visitors Windell Maranan, ADRA Mongolia’s country director/board secretary, and Enkhmandakh Bold, ADRA Mongolia’s public relations and marketing officer.
The visiting team observed the overall interaction of the SAFER-2 project staff with the beneficiaries and other stakeholders, along with how the project activities were being implemented on the grassroot level. The visiting team also made a courtesy call to Honorable Bauyrzhan D., governor of Bayan-Ulgii province, at his office and discussed in detail the impact of the SAFER-2 project in the communities.
The governor expressed his sincere appreciation for how ADRA Mongolia’s initiatives have contributed to the development of the province over the last 11 years. At the end of the meeting, Governor Bauyrzhan D. also expressed appreciation for ADRA, Maranan’s leadership, and the whole ADRA Mongolia team.
“We are grateful for ADRA Mongolia through the SAFER-2 project and its successful implementation to develop our agriculture sector and increase the quality of our vegetable products,” the governor said. “Experts say that our province can even supply 40 percent of its vegetable products domestically.”
A debriefing meeting was conducted in the ADRA Mongolia field office at the conclusion of the board’s visit to discuss the findings and recommendations of the board. The SAFER-2 project team also thanked board members for their valuable time spent in Bayan-Ulgii and their constructive feedback.
About the SAFER-2 Project
ADRA Mongolia’s SAFER-2 project aims to increase food and nutrition security and improve the livelihoods of agricultural producers, ADRA leaders said. “It will be achieved by focusing to increase food sufficiency of the targeted households through increased income and enhanced vegetable productivity and utility,” leaders said. “The project will carry out a capacity-building session on food hygiene, nutritive cooking, and balanced diet consumption.”
According to ADRA Mongolia, the project also aims to increase the knowledge and adoption of improved agricultural practices and the preparation of nutritious vegetarian recipes. The project, a joint effort with the Canadian Foodgrains Bank, is expected to initially benefit at least 4,048 individuals.
 
 
 
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Mongolia aims to export 20 tons of Bee products per year by 2025 www.montsame.mn

Mongolia has formed a honey export cluster. During the opening of the cluster, a discussion under the theme of “Are we ready to export honey?” was held among the stakeholders in the value chain.
Mongolian National Chamber of Commerce and Industry cooperates with the “MONMAP” project team which is developing the master plan for the value chain of the agricultural sector in Mongolia, to establish a honey cluster and implement a pilot project to support local agricultural products.
“A honey cluster will focus on following activities such as to help its members to enter and export the international market with technics and methods, to organize training and exhibitions, and to develop and implement projects to receive financial and non-financial support from international and other sources. To increase the value of Mongolia's bee products and the amount of exports, we aim to export 20 tons of bee products per year by 2025”, said M. Narantuya, Chairman of the Board of Directors of the "Honey Cluster" NGO.
Akio Nishiami, an expert on the MONMAP project to develop a master plan for the value chain of the agricultural sector of Mongolia, presented his work within the project and expressed his support in overcoming the challenges faced by the honey cluster.
Ibukuro Tomoko, executive director of "Honey Cluster" NGO, said, "The amount of honey exported from Mongolia is very small, while the amount of imported honey is large. The factors contributing to this are the complicated system and the lack of sales capabilities of domestic manufacturers. Therefore, we aim to correct this situation by creating a supply system to meet export demand. In this, the participation of relevant government organizations and stakeholders in the value chain is important".
Expert Carl E. Krug presented about the Mongolian export cluster network, established within the EU TRAM project of supporting Mongolian trade, sold sea buckthorn products to European Union countries. He introduced the possibility of a 70 percent discount on customs duties for the export of bee products from Mongolia under the EU's import tariff discount system or "General Scheme of Preferences (GSP)". To this, Mongolia needs to meet the quality standards in food products” emphasized Carl E. Krug.
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Mongolia is to host Continental Hockey Tournament www.montsame.mn

The 2023 IIHF Ice Hockey U18 Asia and Oceania Championship will be held in Ulaanbaatar from 26 February to 05 March 2023.
The IIHF's Asia Pacific Strategic Planning Group had a Meeting with representatives of IIHF member national federations in Abu Dhabi to present the evaluation and coordination of the new strategic plan for the Asia Oceania region, ICE 26, along with the preparation for the new international season. During this meeting, IIHF decided to host the tournament in Mongolia.
The national teams of Indonesia, India, Iran, Macau (China), Mongolia, Singapore, Thailand, United Arab Emirates, and Uzbekistan will compete in the tournament that will take place in Mongolia. More than 400 people, including 198 athletes from the 9 teams, as mentioned earlier, judges, and official guests, will arrive in Mongolia. The Mongolian Hockey Federation has taken a great responsibility to host and organize the tournament for young hockey players under 18 in their country.
 
 
 
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Expansion of Mongolia-ROK relations and cooperation discussed www.montsame.mn

Chairman of the State Great Hural of Mongolia G. Zandanshatar is paying a working visit to the Republic of Korea on October 25-30.
This is the first visit from Mongolia in eight years at the level of the State Hural Chairman.
Within the framework of his visit, the State Great Hural Chairman had a meeting with Speaker of the National Assembly of the Republic of Korea Kim Jin-pyo on October 25, exchanging views on the expansion of bilateral relations and cooperation.
At the outset of the meeting, the State Great Hural Chairman said, “In the past 32 years, relations and cooperation between Mongolia and the Republic of Korea have advanced quickly and achieved the level of Strategic Partnership. The ROK has consistently backed Mongolia since its democratic transition. We are keen to intensify cooperation in order to improve parliamentary democracy and learn from the best practices of the National Assembly based on our shared values of democracy, human rights, freedom, and a free market economy”.
He also mentioned that Mongolia and ROK are stepping up their cooperation in the areas of the environment and green development, and he emphasized how crucial it is for both countries to support investments in and financing for green projects as well as to accelerate development based on the green economy.
In addition, State Great Hural Chairman G. Zandanshatar reiterated the invitation for Speaker Kim Jin-pyo's to visit Mongolia and expressed his desire to intensify and broaden the cooperation between the parliamentary friendship groups and the secretariat.
He emphasized the crucial role that parliaments and parliamentary friendship groups play in fostering a stable legal framework and enriching bilateral relations with economic content. In addition, he emphasized the value of establishing an "Economic Partnership Agreement," ensuring investment guarantees, and fortifying ties between the people and enterprises of the two countries.
It was noted during their meeting that it is possible to elevate economic ties to a new level by leveraging South Korea’s cutting-edge technology, innovation, and industrial development and Mongolia’s abundant natural resources. In this regard, support was requested for the establishment of a research center for rare earth elements, which was agreed upon during the ROK Foreign Minister’s visit to Mongolia in August.
In order to enhance economic cooperation between Mongolia and the ROK, attract more investment, and create a supportive legal environment, Chairman of the State Great Hural G. Zandanshatar pledged to intensify efforts at the parliamentary level to renew the “Agreement on the Mutual Promotion and Protection of Investments” and establish an “Economic Partnership Agreement”.
The parties at the meeting talked about and shared their views on the issue of widening their cooperation in the fields of history, culture, science, technology, tourism, and mining.
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Coal exports increased by 61.5 percent www.montsame.mn

Between October 14-20, the mining industry exported 1,047.1 thousand tons of coal through 8,228 vehicles and 1,250 containers, which is 1.6 times more than the same period of the previous year.
As reported by the Ministry of Mining and Heavy Industry, 21,588.1 thousand tons of coal have been exported since the beginning of the year, showing a 61.5 percent increase from the same period of the previous year.
During the above period, the mining industry exported 1,161.7 thousand tons of copper concentrate by 328 cars and 78 containers, an increase of 5 percent compared to last year. As for iron ore and concentrate, 3,656.6 thousand tons were exported from the beginning of the year, a decrease of 42 percent compared to the same period last year.
As of October 20, the Central Bank’s total purchase of gold this year has reached 16.31 tons.
The export performance of mineral products averaged 81.3 percent. In particular, coal was 119.9 percent, copper concentrate 95.8 percent, iron 72.3 percent, gold 81.6 percent, oil 45.5 percent, zinc 115.7 percent, and fluoride 38.7 percent.
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