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

NEWS

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Metals world agonizes over war but keeps buying from Russia www.bloomberg.com

Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.”
The LME, which is the ultimate decision-maker, says it won’t take action that goes beyond government sanctions — which, so far, have left most of the metals industry untouched.
But the behind-closed-doors discussions reflect a wider angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.
For now, Russian metal is largely still flowing to the world’s factories and building sites. Many traders and fabricators who buy from Russian companies are tied in to pre-existing purchase deals that can extend over years. And commodities merchants have a well-earned reputation as buyers and financiers of last resort when others have long backed away.
Still, a growing number in the industry say they won’t take on new Russian business, and some are actively working to disentangle themselves. That’s making it ever-harder for Russia’s metals producers to sell whatever output is not already contracted, and may ultimately force them to cut production if there’s no change by the time long-term deals come to an end.
For the LME, the risk is that material mined in Russia starts piling up in its warehouses because it has nowhere else to go, creating dangerous dislocations at the nexus of the global metals trade.
“We see from our customer base there is hardly any interest to buy Russian metal if they can avoid it — and they can,” said Roland Harings, chief executive officer of copper giant Aurubis AG, which is represented on the LME copper committee. If the metal flows to the LME instead, “then you have this phantom stock which has an influence on the market because it shows high stock levels but nobody wants it.”
The question of what happens to Russia’s metal exports is of vast consequence to global markets — it’s a key supplier of palladium, nickel, aluminum, steel and copper. Prices for all of those metals set new all-time highs in March, although steel is the only one to be the direct target of sanctions so far.
Aurubis, Europe’s largest copper smelter, is “trying to get out” of its contracts for Russian supplies, and is in favor of sanctions against metals, Harings said in an interview last week. “I believe in the end whatever money we pay will end up in the wrong pockets,” he said.
Norwegian aluminum company Norsk Hydro ASA said it was taking the minimum possible under its contracts with Russian companies and was aiming to reduce that further.
There are still buyers for now — even in Europe. Russian metals producers like MMC Norilsk Nickel PJSC and United Co. Rusal International PJSC tend to sell on annual or multi-annual deals to big industrial groups, and for the most part these contracts are still being fulfilled, according to people familiar with the matter.
Traders like Glencore Plc, which has a deal to buy aluminum from Rusal until at least 2024, and Trafigura Group, which has a long-standing relationship with Nornickel, are also fulfilling contracts in Russia.
Still, there are big challenges. Most container shipping lines have stopped calling at Russian ports. Precious metals like gold and palladium are typically sent to Switzerland or London by plane — but most flights out of Russia are now grounded.
And few new deals are happening. Glencore, which has been one of the largest traders of Russian commodities since the days when founder Marc Rich struck agreements with the Soviet Union, announced last week it would do no new business in Russia.
Traders say it’s nearly impossible to find banks willing to finance new purchases of Russian metals, even in China, the world’s biggest metals consumer.
That’s where the debate over the LME comes in.
Producers generally prefer to sell their metal to end users, but delivering onto the exchange is also an option. Buyers on the LME don’t know whose metal they will receive until the contracts expire.
Those arguing for a ban on Russian metal say there’s a risk that the country’s producers could dump large volumes of metal into LME warehouses to raise cash quickly. If it became clear that LME stocks were dominated by Russian metal that no one wants, the exchange’s contracts could be priced differently from the rest of the global market.
Already, Trafigura has been delivering Russian copper to LME warehouses in Asia in recent days after failing to sell it in China, Bloomberg reported.
The two copper committee members who voted against a ban — representatives of China’s Minmetals and IXM, a trading house owned by China Molybdenum Co. — argued that it wasn’t the LME’s place to impose sanctions, and that doing so would disrupt an already febrile market. A third, from French cable maker Nexans SA, abstained, according to people familiar with the matter.
The LME committees only have an advisory role. But the exchange is also wrestling with the issue: Chief Executive Matthew Chamberlain told Bloomberg TV the LME wanted to make sure it “can’t be part of financing any type of atrocity,” and was in talks with governments.
The LME has said it will not impose restrictions on Russian metal that go beyond government sanctions. Still, any move by the U.S., U.K. or EU to target Russian metal flows would probably lead the exchange to block new deliveries.
On Friday, the LME made the largely symbolic decision to ban deliveries of newly exported Russian aluminum, copper and lead from its warehouses in the U.K., in response to a new import duty imposed by the U.K. government.
“The western world is going to have to work out ways of using less Russian metal,” said Duncan Hobbs, research director at metals trader Concord Resources Ltd. “We will see some redistribution of trade flows as a result of what has happened, even if the fighting stops tomorrow.”
(By Jack Farchy, Mark Burton and James Attwood, with assistance from Jessica Zhou)
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Mongolia-India direct flight to be conducted from this summer www.montsame.mn

Mongolia-India strategic partnership and cooperation will make various advancements and achievements this year, highlighted Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh.
During the business meeting organized on expanding Mongolia-India cooperation in trade, technology, and tourism, the Ambassador also noted that construction projects are being implemented on an oil refinery as well as an education and outsourcing center on IT and cyber security, with soft loan from the Government of India.
Underlining that the oil refinery is a core pillar for bilateral cooperation and strategic partnership, he then said that the project is considered to be of great significance as it allows Mongolia to become energy independent. The project is being financed with a soft loan of USD 1.3 billion.
During the meeting, it was also announced that direct flights between Mongolia and India are planned to begin to be conducted by Hunnu Air airline from this summer. With the availability of direct flights, it will become possible to directly discuss and expand cooperation in various sectors such as tourism, religion, education, and IT.
For the field of IT, construction works have kicked off for an IT Education and Outsourcing Center. The project is being implemented with a soft loan of USD 20 million from the Government of India. Mongolian students will be prepared in 16 specializations at the center, which is planned to be established under the Mongolian University of Science and Technology.
Furthermore, a cyber security training center will be established at the Ministry of Defense. A project on preparing 1,000 English teachers in Mongolia and India have also been recently launched.
During the meeting, participants also noted the opportunities for bilateral cooperation in film production.
The business meeting was attended by Head of Chancery at the Embassy of India Sanjeev Kumar, Former Ambassador of Mongolia to India J.Ganbold, executives of Mongolian National Chamber of Commerce and Industry, and representatives of India-Mongolia Business Council as well as entities and business owners.
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Mongolia to provide USD 200 thousand in humanitarian assistance to Ukraine www.montsame.mn

At its irregular meeting held today, the Cabinet resolved to provide USD 200 thousand as humanitarian assistance to Ukraine.
USD 150 thousand of the assistance, which will be allocated from the Government’s reserve fund, will be provided to Ukraine through UN Crisis Relief and the rest will be transferred via International Red Cross and Red Crescent Societies, reported Spokeswoman of the Prime Minister Ch.Bolortuya.
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Mongolia's active COVID-19 cases drop below 1,000 first time since late 2020 www.xinhuanet.com

April 4 (Xinhua) -- The number of active COVID-19 cases in Mongolia has dropped below 1,000 for the first time since Dec. 22, 2020, the country's health ministry reported on Monday.
The number of active cases in the Asian country stood at 971 after 81 new local infections were reported in the past day, the ministry said in a statement.
Meanwhile, no new related deaths were reported in the past day, and the death toll from COVID-19 has remained unchanged at 2,108 in the country.
Mongolians have basically returned to everyday life due to high vaccination coverage and declining daily infections. Notably, the country has resumed in-person classes for all levels of educational institutions and fully opened its borders to foreign tourists, who will not be required to have a polymerase chain reaction (PCR) test or to be quarantined.
So far, 66.8 percent of the country's total population of 3.4 million has received two COVID-19 vaccine doses, 1,032,876 people have received a third dose, and 115,185 have received a fourth dose voluntarily.
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2nd meeting of Mongolia-Poland intergovernmental commission takes place www.montsame.mn

The 2nd meeting of the Mongolia-Poland intergovernmental commission on Economic Cooperation was held virtually on March 31.
The meeting was chaired by B.Munkhbaatar, Minister of Construction and Urban Development of Mongolia, and Grzegorz Piechowiak, Secretary of State in the Ministry of Economic Development and Technology of Poland.
During the parties agreed to intensify the implementation of the projects, which were agreed to be realized by Poland’s soft loan, such as the establishment of a solid waste treatment plant in Erdenet city, expansion of wastewater treatment plants in 5 aimags, supply of special equipment and vehicles for mobile medical care in rural areas as well as the development of vegetable production and value chains.
Moreover, the parties also discussed issues on the expansion of bilateral cooperation in the fields of e-governance, IT, auto road transport, geology, agriculture, veterinary medicine, light industry, culture, archeology, tourism, social protection and health, and signed a Protocol.
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Australia sees global uncertainty driving resource export earnings to record www.reuters.com

Australia’s mining and energy export earnings are forecast to reach a record A$425 billion ($318 billion) in 2021-22, although prices of its key iron ore shipments are expected to ease, the government said on Monday.
Resource export earnings are forecast to climb 33% in the 2021–22 financial year ending in June from a record A$320 billion the previous year driven by an unprecedented surge in coal and LNG prices, the Department of Industry said in its quarterly resources and energy outlook. These earnings are seen falling to A$370 billion in 2022–23, it said.
Global energy and commodity prices have surged this year on the prospect that Russia’s invasion of Ukraine will intensify shortages.
“Coal becomes only the second Australian commodity after iron ore to break through the $100 billion annual export mark,” said Australia’s Minister for Resources and Water Keith Pitt.
“The combined export earnings for lithium, nickel and copper will likely exceed $23 billion in 2021-22, which would be an increase of 38 percent on the 2020-21 earnings,” he added.
Australian metallurgical and thermal coal prices hit record highs in January 2022, as bad weather affected production and transportation. New records were then set in the wake of the Ukraine war, the report noted.
The combined coal export earnings are forecast to rise to about A$110 billion in 2021–22.
Prices for iron ore, Australia’s top commodity export, remain well below their mid-2021 peak and are expected to ease as Brazilian supply recovers further and growth in global demand moderates.
($1 = 1.3362 Australian dollars)
(By Praveen Menon; Editing by Jacqueline Wong)
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Aspire Mining puts down more roots in Mongolia with 10-million-tree pledge www.proactiveinvestors.com.au

Aspire Mining Ltd (ASX:AKM) has committed to plant 10 million trees in Mongolia at a recent signing ceremony in the country’s capital.
The resources stock met with the Mongolian President, Prime Minister and Minister for the Environment in Ulaanbaatar, where it pledged to sow the 10 million saplings in Khuvsgul Aimag province in the country's northwest.
Aspire’s pledge forms part of the Mongolian Government’s promise to plant 1 billion trees in Mongolia by 2030, as announced last year.
The mass planting campaign is part of the nation’s efforts to reduce the impact of planet-wide climate change and bolster Mongolia’s contribution to the United Nations’ Sustainable Development Goals.
Government and businesses sow the seeds
Mongolia’s government will spend no less than 1% of its gross domestic product on this green endeavour, planting trees in three stages to 2030.
At a press conference outlining the initiative in October last year, Mongolia’s Minister of Nature, Environment and Tourism, N.Urtnasan, said: “We have set up working groups to launch a national campaign to plant one billion trees and ensure the implementation of it for 10 years.
“As of today, 76.9% of Mongolia's territory is affected by desertification. It is estimated that if the goal of the campaign is achieved, 120 million hectares of highly desertified land will be reduced by 4%, forest cover will be increased by 9% and greenhouse gas emissions will be reduced by 600,000 tonnes.”
Urtnasan also noted that companies would form a large part of the campaign, with some large, private companies electing to plant between 20 million and 120 million trees over the next decade.
Next steps
Aspire has engaged an agri-scientist to prepare a planting program and establish a tree nursery in the Khuvsgul capital of Murun, with the campaign scaled up to meet the company’s commitment.
Once established, the nursery is expected to be a long-term source of future tree plantings.
Overall, Aspire’s commitment to 10 million tree plantings by 2030 makes up half of the entire planting commitment for the Khuvsgul Airmag province.
It also coincides with the ASX-lister’s own sustainable development program and environmental policies.
Developing coking coal assets
Aspire’s tree planting pledge is on top of the commitments it has made in the environmental management plan for its wholly-owned, world-class Ovoot Coking Coal Project.
Ovoot is one of two coking coal assets that Aspire is developing in northwest Mongolia — the company also owns 90% of the Nuurstei project in the Khuvsgul Aimag province.
At present, the ASX-lister is focused on permitting, engineering and financing the Ovoot Coking Coal Project and transforming it into a producing asset.
The flagship project hosts 255 million tonnes of JORC-compliant coal reserves and could sustain a full-scale production cycle of up to 10 million tonnes of saleable coking coal per annum over a long mine life.
A 2019 pre-feasibility study for the coking coal asset outlined a 4-million-tonne-per-annum, 9.2-year life of mine truck and rail operation at Ovoot.
The project carries a US$586 million net present value at a 10% discount, as well as a 43.7% internal rate of return, and the company is planning for a decision to mine in 2022 once permitting and funding are secured.
Down the line, Aspire intends to mine by open-pit, truck coking coal to a company-owned terminal facility in Erdenet and delivering to customers in China and Russia via the existing Mongolian rail network.
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Mongolia issues warning over wildfires www.xinhuanet.com

April 4 (Xinhua) -- Mongolia's National Emergency Management Agency on Monday issued a warning of forest and grassland fires.
There is a high risk of wildfires this spring due to the dry and windy weather in most parts of Mongolia, the agency said, warning the public to prevent possible wildfires.
Four wildfires were reported in the country over the weekend, burning over 25,000 hectares of forest and grassland, according to the agency.
People's negligence was the main cause of these wildfires, it said, urging citizens not to make open fires or throw cigarette butts on the ground
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Slovakia agrees to pay for Russian gas in rubles www.rt.com

Slovakia will pay for Russian natural gas in rubles if that’s what it takes to keep the commodity flowing, Slovak Economy Minister Richard Sulik has said on national television.
“If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said. He stressed that Russian imports account for roughly 85% of all Slovakian gas supplies, so the country’s authorities will remain pragmatic on the issue.
“We cannot be cut off from gas,” Sulik emphasized, urging the rest of Europe to jointly seek a solution.
Nearly all of the countries of the European Union, of which Slovakia is a member, slapped Russia with economic sanctions over the past month, jeopardizing Russia’s ability to receive payments from trade partners in the European currency. In response, Russian President Vladimir Putin last week signed a decree introducing a new ruble gas payment mechanism.
Although it is viewed by some as going against existing gas contracts, the mechanism does not imply a change of the currency of payment. It enables buyers to open ruble accounts with Russian Gazprombank to facilitate the transfer of European companies’ payments to Russian suppliers.
According to Putin’s press secretary Dmitry Peskov, “de facto nothing will change for European companies… They will pay, as they used to, in euro, the same currency that is indicated in the contracts,” but the seller, Russia’s major gas exporter Gazprom, will be able to receive the funds in Russia’s national currency. Despite extensive explanations, however, many Russian buyers found themselves puzzled by the change. The initial reaction was mostly one of protest, with countries claiming they would not pay for gas in rubles. However, it appears that this will not be necessary at all.
The Slovakian economy minister, along with a number of other European politicians, said the situation calls for diversification of suppliers. But he said this may take years, while Slovakia has only two months to solve the current problem with fuel purchases.
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Mongolia adds 65 COVID-19 cases www.xinhuanet.com

April 3 (Xinhua) -- Mongolia has reported 65 new COVID-19 cases over the past 24 hours, bringing the total number of confirmed cases in the Asian country to 469,669, according to a statement released by the country's health ministry on Sunday.
Meanwhile, no new deaths from COVID-19 were reported in the past day, and the country's death toll has remained unchanged at 2,108.
In addition, there are a total of 1,052 active COVID-19 cases across the country.
Life has returned to normal in Mongolia due to high vaccination coverage and declining daily infections, with about 100 cases registered countrywide since mid-March.
Almost 67 percent of the country's population of 3.4 million have received two COVID-19 vaccine jabs, 1,032,876 people have received a third dose, and nearly 115,185 have received a voluntary fourth shot.
The Asian country has resumed in-person classes for all educational institutions and fully opened its borders to foreign tourists, who are no longer required to have a PCR test or be quarantined.
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