1 AUS-BRITISH MINER'S PLIGHT IN MONGOLIA HAS 'CHILLING EFFECT' ON INVESTMENT WWW.MININGMAGAZINE.COM  PUBLISHED:2025/04/03      2 ULAANBAATAR INTRODUCES ADVANCED AI SOFTWARE TO SUPPORT POLICE INVESTIGATION WWW.MONTSAME.MN PUBLISHED:2025/04/03      3 ION ENERGY SECURES $13.5M DEAL WWW.INSIDEMONGOLIA.MN PUBLISHED:2025/04/03      4 PROGRESS OF NATURAL GAS PIPELINE PROJECT PRESENTED TO CABINET WWW.MONTSAME.MN PUBLISHED:2025/04/03      5 ULAANBAATAR TO IMPLEMENT 24 MEGA PROJECTS UNDER INTERNATIONAL FIDIC CONTRACT STANDARDS WWW.MONTSAME.MN PUBLISHED:2025/04/03      6 INTERBANK TRANSACTIONS NOW USE IBAN NUMBERS WWW.MONTSAME.MN PUBLISHED:2025/04/03      7 MEERECOMPANY SIGNS MOU WITH THE MONGOLIAN CENTER FOR HEALTH DEVELOPMENT WWW.SURGICALROBOTICSTECHNOLOGY.COM PUBLISHED:2025/04/03      8 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      9 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      10 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      ИПОТЕКИЙН ЗЭЭЛИЙН ДААТГАЛЫН ӨӨРЧЛӨГДСӨН ЗОХИЦУУЛАЛТ VIII/01-НЭЭС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     “ASPIRE MINING” 2024 ОНД A$6.6 САЯЫН ЦЭВЭР АШИГТАЙ АЖИЛЛАСНАА ТАЙЛАГНАЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ЕАЭЗХ-ТОЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ХЭЛЭЛЦЭЭР БАЙГУУЛСНААР ДНБ-ИЙ ӨСӨЛТ 6.1 ХУВИАР БУУРАХ ЭРСДЭЛТЭЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     НИЙСЛЭЛИЙН 18 БАЙРШИЛД ОЛОН ТҮВШНИЙ УУЛЗВАР БАРИНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     ХХОАТ-ЫГ 1 ХУВЬ БОЛГОХ САНАЛЫГ ТӨСВИЙН БАЙНГЫН ХОРООНД ШИЛЖҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/03     ГЕГ: АНУ-Д ХИЙСЭН ЭКСПОРТ 2024 ОНД $166.3 САЯ БОЛЖ, ӨМНӨХ ОНООС 4.5 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ХӨСҮТ: УЛААНБУРХНЫ 253 ТОХИОЛДОЛ БАТЛАГДАЖ, 7220 ХАВЬТАЛ БҮРТГЭГДЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     “JADE GAS” КОМПАНИ "УЛААН НУУР" ТАЛБАЙДАА ХОЁР ДАХЬ ХЭВТЭЭ ЦООНОГИЙН ӨРӨМДЛӨГӨӨ ЭХЛҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02    

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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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Nuton venture aims to grow Rio Tinto’s copper business, accelerate decarbonization agenda www.mining.com

Arizona Sonoran Copper Company (TSX:ASCU) has entered into a strategic partnership with Rio Tinto (ASX: RIO) focused on the world’s second biggest miner’s Nuton technologies, that includes participation in a private placement of up to C$35 million ($27.3m).
On completion of the offering, Rio Tinto is expected to hold 7.2% of the outstanding share capital of the company. Arizona Sonoran Copper’s asset, Cactus, is a brownfield copper mine located on private land in western Pinal County, Arizona.
Last month, Lion Copper and Gold entered into an option to earn-in agreement with Rio Tintoto advance studies and exploration at Lion CG’s copper assets in Mason Valley, Nevada. Under the agreement, Rio Tinto has the option to earn a 65% interest in the assets, comprising 34,494 acres of land.
At both sites, Rio will evaluate the potential commercial deployment of its Nuton copper heap leaching technologies, which it developed to deliver increased copper recovery from mined ore and access new sources of copper such as low-grade sulphide resources and reprocessing of stockpiles and mineralised waste.
With very few new copper mines coming online, combined with existing mines getting progressively more challenging in terms of declining grades and depth, the industry is looking at new technology to produce more out of existing operations.
Rio estimates that more than 100mt of copper is contained in tailings globally.
The technologies, the company said, have the potential to deliver improved environmental performance through more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing waste.
According to the company, the Nuton technologies have the potential to economically unlock low-grade sulphide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, increasing copper production with a lower corresponding carbon footprint.
One of the key differentiators, the company said, is the potential to deliver ESG performance, such as more efficient water usage, lower carbon emissions, and the ability to restore and reclaim mine sites by reprocessing mine waste
“We see Nuton as a venture that’s innovative and really intended to help grow our copper business and accelerate our decarbonization agenda,” Adam Burley, Rio Tinto’s lead of the Nuton venture told MINING.com.
“We see real opportunity in the Nuton portfolio of technologies to unlock new sources of copper — that may come from lower grade material in existing mines, or potentially material with complex mineralogy at new greenfield projects, or copper in mine waste,” Burley said.
“In the leaching of oxides we’ve been doing that as an industry for decades, it’s really that primary, chalcopyrite-dominated material that holds the key,” he said. “What we see through Nuton is a step change in the recovery of copper from that chalcopyrite. We expect to deliver copper recoveries in excess of 80% on those chalcopyrite-dominant ores.”
Burley said the Nuton portfolio is the product of nearly 30 years of in-house research and development, and that the aim is to deliver carbon- neutral copper and that based on its averages, Rio estimates it can deliver 0.4 tonnes of Co2 equivalent for Scope 1 and 2 emissions per tonne of Nuton copper produced, compared to 5.2 tonnes of C02 equivalent as per standard, conventional primary copper production.
“It’s heads and shoulders above the next best,” Burley said. “We’re really excited to market it at this point and roll the technology out across the industry.”
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Strong copper, coal prices power Teck Resources’ profit beat www.reuters.com

Canadian miner Teck Resources Ltd on Wednesday beat market estimates for quarterly profit on the back of higher copper and coking coal prices, sending its shares 8% higher.
Copper prices climbed to record highs in the first three months of the year on fears that Russia’s invasion of Ukraine and the resulting sanctions from the West would upend supply. The metal has also benefited from demand sparked by its key role in the transition from fossil fuels to electrification.
Teck said its average realized price for copper rose about 15% to $4.51 per pound in the quarter, while its realized steelmaking coal prices more than doubled to $357 per tonne.
US-listed shares of the miner rallied 13%.
Diesel drives up costs
But Teck saw some pressure from rising inflation, especially in diesel prices, with operating costs surging 13%.
That prompted the company to raise its view for steelmaking coal unit cost in 2022 by around 9%. Teck kept its cost outlook for copper and zinc unchanged.
Miners have in recent months been grappling with logistical delays and rising costs of key supplies such as equipment and explosives, particularly after the Russia-Ukraine conflict erupted in March.
“The fact that the company maintained its base metals guidance and carries some natural protection from inflation via its oil and zinc asset is likely a win in our view,” JP Morgan analyst Michael Glick wrote in a note.
Copper production fell 6% to 67,200 tonnes in the quarter due to lower output from Teck’s operations in Highland Valley Copper, British Columbia, and Carmen de Andacollo in Chile.
Adjusted quarterly profit came in at C$2.96 per share, topping analysts’ estimate of C$2.89 per share, according to Refinitiv IBES data.
($1 = 1.2782 Canadian dollars)
(By Rithika Krishna; Editing by Vinay Dwivedi and Aditya Soni)
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Mongolia confirms 42 new COVID-19 infections www.akipress.com

Mongolia's health ministry confirmed 42 new COVID-19 infections on April 28.
21 new cases were recorded in Ulaanbaatar, 21 cases were detected in the regions.
No new related deaths have been recorded in Mongolia since March 10, and the country's COVID-19 death toll remains at 2,108.
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Mongolia seeks to combat price rises caused by external factors www.xinhuanet.com

Mongolia is striving to combat a rise in consumer prices driven by external factors.
On Wednesday, the Mongolian government decided to issue a soft loan worth 230 billion Mongolian Tugriks (74.8 million U.S. dollars) to flour producers and meat processing enterprises, according to the Food and Agriculture Ministry.
The decision is part of government efforts to combat rising prices caused by the pandemic and the ongoing geopolitical conflict between Russia and Ukraine, the ministry said, stressing the need to ease growing meat and flour prices.
The loan is expected to be allocated through commercial banks with an interest rate of 3 percent, it added.
An average Mongolian household consumes 373 types of goods per month, of which more than 200 are imported, Batmunkh Batdavaa, head of the country's National Statistics Office, said in a statement.
"We cannot regulate the prices of imported goods because they are directly dependent on external factors. We can only regulate the prices of domestically produced products such as meat and flour," Batdavaa said.
In addition, Mongolia will exempt the excise tax on the gasoline brand AI-92 and diesel fuel until the end of the year as part of efforts to ensure stable prices.
The average retail price of the most commonly used gasoline brand AI-92 was 2,381 Mongolian Tugriks per liter at the end of the first quarter, up 64.8 percent compared with the same period last year, according to the NSO. As of Thursday, the price of gasoline was 2,390 Mongolian Tugriks. (1 USD = 3,090 Tugriks) ■
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Japan’s top diplomat to visit Central Asia, Mongolia, Pacific islands www.inform.kz

TOKYO. KAZINFORM - Foreign Minister Yoshimasa Hayashi will visit two Central Asian countries, Mongolia and two Pacific island nations, the Japanese government said Thursday, as Tokyo seeks cooperation in responding to Russia's aggression in Ukraine and other issues, Kyodo reports.
Minister Hayashi will first make a five-day trip through Monday, visiting Kazakhstan, Uzbekistan and Mongolia. Then he will make a three-day tour from May 6 to Fiji and Palau. He will meet with his counterparts and leaders of the countries, according to Foreign Ministry officials. Kazakhstan and Uzbekistan maintain close relations with both Russia and Ukraine. In Mongolia, Hayashi will seek support in resolving the issue of North Korea's past abductions of Japanese nationals, the officials said. Ulaanbaatar keeps close ties with Pyongyang. The visit to Fiji and Palau comes as Japan is promoting a «free and open Indo-Pacific,» a vision advocated by Japan and the United States and widely seen as a counter to China's growing military and economic clout in the region.
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Industrial output drops by 24.4 percent in the first quarter www.montsame.mn

By preliminary results, in the first quarter of 2022, the gross industrial output reached MNT 3.5 trillion, decreased by MNT 1.1 trillion (24.4%) from the previous year. This decrease was mainly due to MNT 1.2 trillion (34.7%) decrease in mining and quarrying and MNT 5.7 billion (0.7%) decrease in manufacturing production gross output. Also, the electricity, thermal energy and water supply production output increased by MNT 29.1 billion (7.1%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 6.5 billion (17.7%) from the previous year.
By preliminary results, in the first quarter of 2022, the mining and quarrying gross output reached MNT 2.2 trillion, decreased by MNT 1.2 trillion (34.7%) from the same period of previous year.
In the manufacturing sector, production of alcoholic beverage, pure water, soft drink, juice, combed cashmere, cashmere products and lime increased by 3.2 percent to 2.2 times compared to the previous year. In the manufacturing sector, productions of copper cathode (99%), milk, metal steel, spirt, cigarettes, coal briquette, cement, wheat flour, mask, sanitizer, meat and concentrated coal decreased by 1.2–98.5 percent compared to the same period of the previous year.
By preliminary results, in the first quarter of 2022, the sales of industrial output reached MNT 4.7 trillion, decreased by MNT 1.7 trillion (26.4%) compared to the same period of the previous year. This decrease mainly resulted from MNT 1.7 trillion (34.8%) decrease in sales of mining and quarrying output.
The sales of mining and quarrying output decreased by MNT 1.7 trillion (34.8%) compared to the same period of the previous year.
Source: National Statistics Office
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MNT 230 billion in loans to be provided to flour producers and meat processing enterprises www.montsame.mn

At today's regular Cabinet meeting, a decision was made to issue a loan of MNT 230 billion to flour producers and meat processing enterprises at a 3 percent interest rate.
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan said at a press conference to introduce the decision of the Cabinet meeting that the Government will cover the net interest spread of MNT 25 billion. The Minister also stressed that this will help reduce the pressure of the increase in the price of meat and flour on the citizens.
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Trade costs can be reduced by 13 percent if Mongolia accedes to framework agreement on cross-border paperless trade facilitation www.montsame.mn

The Seventh Meeting of the Interim Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation was held on April 25-26 in Bangkok, Thailand.
At the meeting, the participants discussed the advancements in the development of cross-border paperless trade in the region, and reviewed the progress of the implementation of the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific.
A. Tumur, Permanent Representative of Mongolia to the United Nations Economic and Social Commission for Asia and the Pacific, was a chair of the meeting.
Despite of not having yet acceded to the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, the Ministry of Foreign Affairs of Mongolia is working to have it ratified by the State Great Khural of Mongolia in the near future.
If Mongolia becomes a member state of the framework agreement and fully implements the agreement, it will be possible for Mongolia to reduce its current trade costs by up to 13 percent by coordinating its e-data with other member countries and exchanging information.
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Russia rejects ruble gas payment – media www.rt.com

Gazprombank, Russia’s key bank that handles European gas payments, has reportedly declined several payment attempts for April and May gas deliveries to Germany and Austria even though they were made through a ruble account. The bank rejected the transaction because the attempted payments came from a former Russian trading firm that was nationalized in Germany, people familiar with the matter told Bloomberg.
The Gazprom Marketing & Trading Limited (GM&T) had been controlled by Russia’s Gazprom Germania Group before April 4, when Berlin’s Economy Minister Robert Habeck announced that the subsidiary would come under the trusteeship of the German energy regulator until September 30.
The step was aimed at securing the nation’s energy supplies amid the unprecedented crisis in Europe that has been exacerbated by sanctions against Russia, the region’s major supplier of gas.
The rejected payment is reportedly part of a medium-term contract to supply 7 terawatt-hours of gas by the end of 2023.
In March, the Russian government issued a decree requiring European energy companies to open accounts at Gazprombank, where payments in euros or dollars would be converted to rubles. The measure was taken shortly after Russian President Vladimir Putin demanded that hostile states, which have imposed economic sanctions on Moscow, pay for Russian gas in rubles.
EU changes tune on ruble gas paymentsREAD MORE: EU changes tune on ruble gas payments
Earlier this month, Brussels said that paying for Russian gas in rubles by European Union buyers as demanded by the Kremlin would breach Ukraine-related sanctions. However, several member states agreed to use the new payment mechanism and have made their first payments in the Russian currency.
The GM&T case, which reportedly deals with a very small amount of gas, involves a payment process that is “unclear,” according to the statement by Germany’s energy regulator. The gas is due to be paid for in euros as agreed in the contract, it said, adding that GM&T can replace the gas by buying on the open market if it needs to.
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CU opens 200th store in Mongolia www.petrolplaza.com

Korea’s CU brand of convenience stores celebrated the opening of its 200th location in Mongolia. After entering the country 4 years ago, the retailer has reached the top position in the sector thanks to a market share of 70% and an 80% growth in sales from last year.
According to the press released published, CU manages a daily customer traffic of 1,000 per store. Its coffee brand “Get Coffee” also contributed to popularity, with an estimate of 200 cups per store in sales.
“The CU brand aims to reach 1.6 million customers in the capital city. To this end, we aim to open stores in other locations outside the city centre to provide more accessible services to citizens. Currently, 87 branches are open 24 hours a day,” said Chinzorig Ganbold, CEO of Central Express CVS JSC.
For the opening of the 200th branch, a special event was organised for customers and special promotions were announced. These included a 50% discount in its GET coffee brand and a 20% discount in some food products such as French Hotdogs and CU brand sandwich.
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