1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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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UN Mongolia to organize SDG Open Day in September www.montsame.mn

The 17 Sustainable Development Goals and 169 targets, signed onto by leaders around the world including Mongolia, represent aspirations to end poverty and hunger, protect the planet, promote justice, eliminate disparities and inequalities, and bring prosperity by 2030. Mongolia is one of the early adopters of the SDGs. In line with these global goals, the Parliament of Mongolia adopted its Vision-2050, a strategic policy document on the country’s development priorities in the years to come.
Achievement of the 2030 Agenda for Sustainable Development is a milestone in achieving Vision 2050. To achieve this agenda, Mongolia must take more ambitious actions to accelerate the implementation of the SDGs.
SDGs are everyone’s business. These goals are to be achieved by all concerted and collective efforts by all stakeholders, including the Government, development partners, private sector, academia, civil society and last, but not least, by individual citizens.
For this purpose, this campaign “SDG Open Day”, the UN Mongolia, together with its key partners, proposes to engage with the Mongolian communities, especially the private sector, and the public in Ulaanbaatar city, in a range of activities and events geared towards advocating and promoting SDGs while showcasing and acknowledging good works and significant progress thus far towards SDGs and to inspire sustainable behaviours and lifestyle and mobilize more commitment from businesses, communities and the wider public to the promotion of SDGs in Mongolia.
Moreover, this campaign will also give space and a platform to acknowledge and commitment of the Mongolian stakeholders to the promotion and implementation of the SDGs, showcasing their best practices and substantial contributions they have made towards solving some of the pressing issues Mongolian communities face.
The campaign will aim to engage with at least 5000 people in person at the event and more than 100,000 people through a social media campaign. Around 100 organizations and entities will be selected to showcase their best practices and sustainability products based on the selection criteria to be elaborated.
In a nutshell, the campaign will aim to shift the gear from building awareness to accelerating the implementation of the SDGs to achieve the Agenda by 2030.
UN Mongolia
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Russia reopens bond market to 'non-hostile' investors www.bbc.com

The Moscow Exchange will be partially reopened to foreign investors from Monday after a nearly six-month suspension during the Ukraine war.
It says only investors from "countries that are not hostile" will be allowed to trade bonds.
The move excludes many of Russia's largest investors that have imposed sanctions on its economy.
Russia had sealed off its markets in February to restrict money from leaving the country during the war.
In a statement (in Russian) on Friday, the Moscow Exchange said it would be reopening its bond market to "non-resident clients from countries that are not hostile, as well as non-residents whose ultimate beneficiaries are Russian legal entities or individuals."
China and Turkey are likely to be among these nations, as they have not imposed sanctions against Russia.
It added that banks, brokers and investment management companies had started registering their foreign clients with the exchange.
Russia closed its stock and bond markets hours after President Vladimir Putin sent thousands of troops into Ukraine on 24 February.
In March, it began a phased re-opening which was limited to bonds issued by the Russian government.
Monday's resumption of trading excludes investors from "hostile" countries, who remain banned from selling Russian securities.
These countries include members of the European Union, Canada and Japan. The group accounted for 90% of investments into Russia last year.
Russia's invasion of Ukraine and sanctions imposed by Western governments have taken a toll on its economy.
The country is believed to have defaulted on its debt in June for the first time since 1998.
While it had money to make a $100m (£82.5m) payment, sanctions made it impossible to get the sum to international creditors.
Kremlin spokesperson Dmitry Peskov said an intermediary bank had withheld the money and that the reserves were blocked "unlawfully".
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China drills one of world’s deepest oil deposits – media www.rt.com

China's largest oil refiner Sinopec has reportedly extracted crude oil and natural gas from a newly drilled oil reserve with wells around 8,000 meters deep, in the Tarim Basin of the Xinjiang region.
According to Xinhua agency, citing the company on Wednesday, the site could potentially yield 244 tons of crude oil and 970,000 cubic meters of natural gas per day.
The Shunbei oil and gas field has 41 ultra-deep drilling wells, and is one of the world's deepest onshore commercial oil and gas fields, according to Sinopec.
The company expects the discovery to boost China's energy security.
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Russia-China trade to reach major milestone www.rt.com

Economic ties between Russia and China are showing steady growth despite the difficult international situation, Beijing's ambassador to Moscow said on Friday, predicting that trade could hit $200 billion this year.
“Russian-Chinese trade and economic cooperation shows excellent results and sustainable development, despite the tests associated with the pandemic, the global economic downturn and the difficult international and regional situation,” Zhang Hanhui told RIA Novosti news agency.
In the first seven months of the year, Beijing-Moscow trade surged by 29%, reaching $97.71 billion, the ambassador said, citing Chinese customs data.
During that time, China’s exports to Russia totalled $36.26 billion, marking an increase of 5.2% from the same period of 2021. Imports from Russia jumped by 48.8%, to reach $61.44 billion.
Listing some of the priorities for bilateral trade, Zhang highlighted energy, nuclear power, aviation, space, basic infrastructure, as well as digital technology, medicine, green energy, agriculture, and science and innovation.
“All this lays a powerful foundation for our trade and economic cooperation to reach a new level,” he said.
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Equestrian Marathon 2022 international stage kicks off in Mongolia www.eng.mil.ru

Tavan Tolgoi Joint Training Centre of the Mongolian Armed Forces hosted international stage of Equestrian Marathon competition of the International Army Games 2022.
Equestrian Marathon competition, held as part of the Games 2022, involves equestrian units from four countries - Russia, Mongolia, Uzbekistan and Zimbabwe.
The programme includes a long-distance horse marathon from 110 to 130 kilometres over mountain and forest terrain, as well as a mixed relay over a short distance. The competition will last until August 18.
 
 
 
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Reining supreme in untamed Mongolia www.belfasttelegraph.co.uk

A Tyrone-born businessman has said finishing third in the world’s toughest horse race was “beyond his wildest aspirations”.
Patrick Heffron and his co-rider Chris Walker completed the infamous 1,000km-long Mongol Derby last month, which is considered a feat in itself.
They managed to place in the top three and were even in with a chance of winning the gruelling cross-country challenge when heading towards the finish.
“It was an amazing experience and fairly demanding. Physically and mentally, it’s quite tough but one hell of an experience,” Patrick told Sunday Life.
Officially the longest horse race in the world, it sees competitors from across the globe ride unsupported through the vast, untouched wilderness of the Mongolian steppe.
Riders change horses every 35km or so and either sleep in tents or befriend the local nomadic people, who are world-renowned expert horsemen themselves.
Their mounts are often wild from the steppe and not fully tamed for riding, but competitors can be penalised for breaching time limits imposed on each leg regardless of the terrain.
“One minute you’re in a bog, 30km later you’re riding past camels and it’s desert-like,” explained international property developer Patrick.
“You also have these marmot holes and mouse holes when you are galloping through the steppe, and the next thing the horse just disappears into a hole and you are catapulted out.
“So, you have to hold on to the bloody horse before it disappears because if you’re only halfway in it’s a long walk.”
Explaining the sheer grit required to make it to the finish line, the 44-year-old said: “You are riding up to 130-140km per day.
“You are riding semi-wild horses. You might be lucky and get one that’s relatively tame, but you might also get one that really doesn’t like you being there.
“Not that there’s anything wrong with the food, but goat noodle soup... (after) day five it becomes quite tedious.
“It’s such a vast country that we didn’t see a fence for 940km. (There was) no evidence of agricultural cultivation until near the finish station.
“We were sleeping in bivvy bags or finding a local herding family, ideally with livestock, and it’s amazing because they really do take you into their house.
“They really welcome you. You sleep in a yurt (a portable round tent), or a ger as it’s called there, on the floor with the family who feed you, water you and despatch you to the next morning.”
The language barrier wasn’t a total block on getting on with the locals, many of whom are now used to encountering riders from the annual event.
“I learnt (to say) ‘hello’ and ‘thank you’. It’s not an easy (language) to speak, and there was a lot of hand gestures with lots of ‘hellos’ and lots of ‘thank yous’, along with my pidgin Mongolian,” explained Patrick.
Patrick also said he was lucky to have an excellent co-rider in the shape of Gloucestershire man Chris.
“We rode together, which is crucial, because it’s a long way to go alone and also if something happens,” he added.
Asked if he was daunted by the prospect of taking on the longest horse race in the world, Patrick said: “It’s a bit of fun, (but) it’s not for the faint-hearted or for somebody who has not got a lot of experience riding.
“If you said to me, ‘What are your aspirations?’, I would have said that I would love to complete it because only 25 out of 46 (teams) completed the race.
“The next aspiration might have been a top 10 placing, but to get into the top three was beyond my wildest aspirations.
“Luck is definitely an element of it. There is absolutely no chance I would do it again.”
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BoM purchases 1.7 tons of precious metal in July www.montsame.mn

In July, the gold purchase of the Bank of Mongolia (BoM) was 1,759.6 kg, raising the BoM’s total precious metal purchase of 2022 to 9.7 tons. The figure shows a decrease of 12 percent as compared with the same period of the previous year.
In July, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 778.5kg and 650kg of precious metals respectively.
The average price of BoM’s purchase of 1 gram of gold was MNT185,224.93 last month.
 
 
 
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Mongolia’s top SDG governing body endorses the draft Integrated National Financing Strategy www.montsame.mn

On August 12, Mongolia’s National Committee for Sustainable Development (NCSD) endorsed the draft Integrated national financing strategy (INFS) making Mongolia one of the early adopters of the INFS, a key vehicle for mobilizing, aligning and leveraging resources for SDGs and Mongolia’s sustainable development priorities. NCSD, chaired by the Prime Minister, is Mongolia’s top governing committee for sustainable development comprised of key government stakeholders including ministries and agencies as well as the United Nations in Mongolia.
The endorsement signifies the high level of importance and commitment that Mongolia is placing on successfully implementing the extraordinary reforms, tools and mechanisms stated in the INFS to accelerate the country’s progress towards Agenda 2030. Mongolia is one of the frontrunners of the 86 countries around the world that are currently developing the Integrated National Financing Framework (INFF) tailored to the country context to drive finance towards sustainable development.
His Excellency Mr. Bold Javkhlan, Minister of Finance, Acting Minister of Economy and Development and Deputy Chair of the NCSD, highlighted the importance of the INFS and said “This strategy includes many important measures including the introduction of results-oriented, gender responsive and SDG aligned budgeting methodology, debt sustainability, innovative and green financial instruments, introduction of environmental and social governance (ESG) reporting standards and mechanism to support investments with positive impact on sustainable development."
INFS will play key role in supporting the Government of Mongolia to achieve its sustainable development priorities stated in the Vision-2050, long term development policy document, and the “New Economic Recovery Policy” by increasing the SDG financing sources from domestic and international investors, improving the alignment of state planning and budgeting, calibrating current resources with the SDGs, and increasing the private sector financing through refined public-private-partnership.
“With the development of the Integrated National Financing Framework (INFF), Mongolia now has the potential to chart a clear path forward to align multiple financing sources with national development priorities through the various tools and mechanisms included in the Integrated National Financing Strategy (INFS). Moving forward, Mongolia’s strong national ownership and leadership along with effective collaboration and partnership of various national and local government agencies as well as development partners would be pivotal in the successful implementation of the INFS in the years ahead” said Mr. Tapan Mishra, UN Resident Coordinator in Mongolia.
UN Joint Programme on “Rolling Out an Integrated Approach to the SDG Financing in Mongolia,” implemented by UNDP in partnership with UNICEF under the leadership of Ministry of Finance with the generous and material support from the Joint SDG Fund, provided extraordinary opportunity to Mongolia for the development of the Integrated National Financing Strategy over the past two years.
Source: UNDP Mongolia
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Coal giants are making mega profits as climate crisis grips the world www.bloomberg.com

The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal.
The energy-market shockwaves from Russia’s invasion of Ukraine mean the world is only getting more dependent on the most-polluting fuel. And as demand expands and prices surge to all-time highs, that means blockbuster profits for the biggest coal producers.
Commodities giant Glencore Plc reported core earnings from its coal unit surged almost 900% to $8.9 billion in the first half — more than Starbucks Corp. or Nike Inc. made in an entire year. No. 1 producer Coal India Ltd.’s profit nearly tripled, also to a record, while the Chinese companies that produce more than half the world’s coal saw first-half earnings more than double to a combined $80 billion.
The massive profits are yielding big paydays for investors. But they will make it even harder for the world to kick the habit of burning coal for fuel, as producers work to squeeze out extra tons and boost investment in new mines. If more coal is mined and burned, that would make the likelihood of keeping global warming to less than 1.5 degrees Celsius even more remote.
Coal giants are making mega profits as climate crisis grips the world
It’s a remarkable turnaround for an industry that spent years mired in an existential crisis as the world tries to shift to cleaner fuels to slow global warming. Banks have been pledging to end financing, companies divested mines and power plants, and last November world leaders came close to a deal to eventually end its use.
Ironically, those efforts have helped fuel coal producers’ success, as a lack of investment has constrained supply. And demand is higher than ever as Europe tries to wean itself off Russian imports by importing more seaborne coal and liquefied natural gas, leaving less fuel for other nations to fight over. Prices at Australia’s Newcastle port, the Asian benchmark, surged to a record in July.
The impact on profits for the coal miners has been stunning and investors are now cashing in. Glencore’s bumper earnings allowed the company to increase returns to shareholders by another $4.5 billion this year, with the promise of more to come.
Gautam Adani, Asia’s richest person, capitalized on a rush in India to secure import cargoes amid a squeeze on local supply. Revenue generated by his Adani Enterprises Ltd. jumped more than 200% in the three months to June 30, propelled by higher coal prices.
US producers are also reaping bumper profits, and the biggest miners Arch Resources Inc. and Peabody Energy Corp. say demand is so strong at European power plants that some customers are buying the high-quality fuel typically used to make steel to generate electricity instead.
The wild profits threaten to become a political lightning rod as a handful of coal companies cash in while consumers pay the price. Electricity costs in Europe are at record highs and people in developing nations are suffering daily blackouts because their utilities can’t afford to import fuel. Earlier this month, United Nations Secretary-General Antonio Guterres lashed out at energy companies, saying their profits were immoral and calling for windfall taxes.
Coal’s advocates say the fuel remains the best way to provide cheap and reliable baseload power, especially in developing countries. Despite the huge renewable rollout, burning coal remains the world’s favorite way to make power, accounting for 35% of all electricity.
Coal giants are making mega profits as climate crisis grips the world
While western producers cash in on the record prices — with companies such as Glencore committed to running mines to closure over the next 30 years — top coal consumers India and China still have growth on the agenda.
The Chinese government has tasked its industry with boosting production capacity by 300 million tons this year, and the nation’s top state-owned producer said it would boost development investment by more than half on the back of record profits.
Coal India is also likely to pour a large chunk of its earnings back into developing new mines, under government pressure to do more to keep pace with demand from power plants and heavy industry.
China and India worked together at a UN conference in Glasgow last year to water down the language in a global climate statement to call for a “phase down” of coal use instead of a “phase out.”
At the time, few would have predicted just how expensive the fuel would become. Just a year ago, the biggest international mining companies — excluding Glencore — were in a full retreat from coal, deciding the paltry returns were not worth the increasing pressure from investors and climate activists.
When Anglo American Plc spun off its coal business and handed it over to existing shareholders, one short seller, Boatman Capital, said the new business was worth nothing. Instead the stock — known as Thungela Resources Ltd. — skyrocketed, gaining more than 1,000% since its June 2021 listing, with first-half earnings per share up about 20-fold.
Glencore itself snapped up a Colombian mine from former partners Anglo and BHP Group. The nature of the deal, and rising coal prices, meant Glencore essentially got the mine for free by the end of last year. In the first six months of this year, it made $2 billion in profit from that one mine, more than double its entire coal businesses earnings in the same period last year.
The earnings look set to keep rolling in, as analysts and coal executives say the market will remain tight.
“As we stand today, we don’t see this energy crisis going away for some time,” Glencore Chief Executive Officer Gary Nagle said.
(Reporting by Thomas Biesheuvel, Dan Murtaugh and Rajesh Kumar Singh, with assistance from David Stringer and Will Wade).
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Glencore cuts off Chinese trader caught up in missing copper scandal www.mining.com

Global commodity traders including Glencore (LON: GLEN) and IXM have halted shipments to Chinese metals merchant Huludao Ruisheng after nearly half a billion dollars’ worth of copper went “missing” at a storage site in the country’s north.
Thirteen Chinese trading companies —12 of which are state-owned — were financing the storage site in Qinhuangdao, which was found to hold only one-third of the 300,000 tonnes of copper concentrate.
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The firms are facing potential losses of as much as 3.3 billion yuan ($490 million) from the missing concentrate and have sent a team to Qinhuangdao to investigate and determine appropriate legal action, the Financial Times reported on Friday.
“It’s not the first time we’ve had the problem with material going missing in China,” Colin Hamilton, managing director of commodities research at BMO Capital Markets wrote. “Onshore financing in China for any foreign bank or trading house will become harder.”
Glencore transferred some of its existing metal stocks from Qinhuangdao to alternatives such as Qingdao in an effort to avoid similar problems, FT reported, citing a trader.
The source added that Western companies’ exposure to Huludao Ruisheng was limited.
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