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

NEWS

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Talon Energy lodges environmental impact assessment for Mongolian CGS project www.ogj.com

Talon Energy Ltd., Perth, has lodged an environmental impact assessment (EIA) study for its proposed Gurvantes XXXV coal seam gas project in the Gobe basin of southern Mongolia with the Mongolian Government.
Talon said that its partner, Mongolian-based Telmen Resources, completed the EIA following a public consultation program in nearby communities conducted during November and December 2021.
Feedback from the process has been positive, the company said.
Talon expects approval for the project from the Mongolian Ministry of Nature, Environment and Tourism late this month or early February. Once approved, field work, including a multi-well drilling program, will begin in this year’s first quarter.
Talon hopes to provide a gas resource estimate before mid-2022.
The Gurvantes XXXV project covers 8,400 sq km in what the company believes is one of the most prospective coal seam gas basins in the world.
The project is less than 20 km from the Mongolia-China border and about 300 km from an existing gas pipeline network in northern China.
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Wheat supply incentive to be MNT 80 thousand per ton www.montsame.mn

To support wheat production, the Cabinet has defined the incentive amount to individuals and companies supplying wheat that meet standard requirements to local flour mills, the Agriculture Support Fund and state fund, to be  MNT 80 thousand per ton. 

According to crop harvest reports, 605.6 thousand tons of grains including 567 tons of wheat, 181.5 thousand tons of potatoes, 118.6 thousand tons of vegetables, 306.5 tons of fodder, and 53.6 thousand tons of oil plants were harvested.

306 thousand tons of the wheat harvest was supplied to factories (245 thousand tons) and the Agriculture Support Fund (61 thousand tons) and 90 thousand tons of wheat is being sold. It is possible to meet the country’s flour demand for 2022 with local wheat.

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Cabinet meeting in brief www.montsame.mn

At its regular meeting on January 6, the Cabinet made the following decisions:
With the permission of the General Commander of the Armed Forces of Mongolia, the construction and engineering unit of the Armed Forces will take part in Zuunbayan-Khangi railroad construction.
The Cabinet discussed and approved the draft law on amendments to the law on military social welfare and decided to submit it to the State Great Khural.
The Cabinet updated regulations on activities of the Professional Hunting Organization and regulations on hunting and catching of rare animals. The legal framework will make it possible to use the renewable natural resources sustainably in the long term.
The Cabinet discussed the draft agreement between Mongolia and Asian Development Bank on the financing of Small Expenditure Financing Facility and decided to consult with the relevant parliamentary standing committee.
The seventh meeting of Mongolia-Hungary intergovernmental commission for trade, economic, scientific and technical cooperation will be held virtually on January 18-19.
The Cabinet updated the statute of the National Tripartite Committee on Labour and Social Consensus.
The Cabinet discussed outcomes of the Mongolian President’s December 15-17, 2021 official visit to the Russian Federation and instructed the Minister of Foreign Affairs to submit them to the National Security Council.
The Memorandum of Understanding on cooperation in military history, archives, museums and publication between the governments of Mongolia and the Republic of Turkey signed on October 15, 2021 was approved.
The Cabinet made changes to the structure of Nuclear Energy Commission, which will be headed by the Minister of Education and Science.
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Altan Tsagaan Ovoo (ATO) Gold and Silver Project, Dornod, Mongolia www.mining-technology.com

The Altan Tsagaan Ovoo (ATO) gold and silver project has total mineral reserves of 26.4 million tonnes (Mt) at the ATO and Mungu deposits.
The Altan Tsagaan Ovoo (ATO) gold and silver project is an operational open-pit mine located in the province of Dornod, Mongolia. It is owned by Steppe Gold, a precious metals exploration company.
The project is being developed in a phased manner, with the first phase having achieved commercial production in April 2020. The second phase involves the development of the ATO and Mungu deposits.
Phase one operations involve open-pit mining and heap leach operation to produce gold dore bars up to 2023 while phase two will start production of lead, zinc, and pyrite concentrates in the fourth quarter (Q4) of 2023 and continue until the second quarter (Q2) of 2034.
A feasibility study was completed in October 2021 for phase two of mining and extension of the life of the producing oxide phase by two years. The feasibility study indicated a life of mine (LOM) of 10.5 years for phase two.
Altan Tsagaan Ovoo gold and silver project location and geology
The ATO property is located within the Tsagaan Ovoo soum territory in Dornod, Eastern Mongolia. It lies approximately 660km east of the capital city of Ulaanbaatar and 38km west of Tsagaan Ovoo soum. The project is situated in the mining licence MV-017111, which covers an area of 5,492.63ha.
The property lies within the Mongol-Okhotsk tectonic collage of the Devonian to Late Jurassic age. The tectonic collage is emplaced along the North Asian Craton (NAC). The local geology features metamorphosed Devonian age sedimentary rocks overlain by a sequence of Permian era volcanic and sedimentary rocks. The sequence also includes remnant scraps of Jurassic age volcanoclastic units, intruded by Jurassic plutons.
Mineral reserves of the ATO and Mungu deposits
The proven and probable mineral reserves at the ATO and Mungu deposits were estimated at 26.4 million tonnes (Mt) grading 1.14g/t gold, 11.18g/t silver, 0.46% lead and 0.78% zinc, as of June 2021.
Mining at ATO gold and silver project
The ATO mine is operated as a conventional open-pit mine with drilling, blasting, and truck and shovel operations. The mining fleet includes rigid body mining trucks, hydraulic excavators, and wheel loaders.
The project has two mining areas, namely the ATO and Mungu deposits. The Mungu pit will be explored and mined under phase two. Open at depth, the pit can be mined economically using open-pit methods only for a small portion. The feasibility study suggests the implementation of underground operations to extract ore from the remaining areas of the Mungu pit, upon exhausting the open-pit reserves. The underground potential of the pit needs to be proved through further studies, though.
Processing in phase one of the ATO mine
The ATO processing facility in phase one has a capacity of leaching 1.2 million tonnes per annum (Mtpa) of oxide ore at an average grade of 1.13g/t gold at a recovery rate of 70% and an average grade of 9.25g/t silver at 40% recovery.
The run-of-mine (ROM) ore undergoes three-stage crushing in a primary jaw crusher, secondary cone crusher, and an optional tertiary cone crusher operating in a closed circuit with a final product screen.
The crushed ore is transferred to the heap leach facility to produce a pregnant leach solution (PLS), which is introduced into the carbon adsorption circuit. The loaded carbon from the adsorption circuit is acid washed to remove calcium, sodium salts, magnesium, silica, and fine iron particles. A modified ZADRA elution process is used to remove the adsorbed gold from the loaded carbon.
The pregnant solution flows through one of two electrowinning cells with gold-plated knitted-mesh steel wool cathodes. The loaded cathodes are power washed to remove the gold bearing, which is filtered to eliminate excess moisture and retorted to remove any mercury. Fluxes are introduced and mixed with the retort residue at this stage. The residue is then smelted in an induction furnace to produce gold dore.
Phase two processing details
Phase two is intended to increase gold production while also producing saleable zinc, lead and pyrite concentrates.
A crushing circuit with a capacity of 2.2Mtpa will be installed. The ROM ore will undergo three-stage crushing to reduce the material from an F100 of 800mm to a P80 of 10mm.
The grinding circuit will include a primary ball mill arranged in a closed circuit with a classification screen in the first stage. The second stage of the grinding circuit will include a secondary ball mill in a closed circuit with hydrocyclones.
The flotation process will involve separate circuits for lead, zinc and pyrite concentrates. The concentrate products from each of the circuits will undergo compressed air filtration to produce a dewatered dry filter cake, which will be stockpiled.
Infrastructure
The ATO gold and silver property can be accessed from Ulaanbaatar by highway to Choibalsan, the capital of the Dornod Province, and then by an improved unpaved road to Tsagaan Ovoo soum.
A mining camp at the project site can accommodate 300 personnel.
The 2.4MW power supply required for the phase one mining and processing operations is supplied using CAT 3512B diesel power generators having a maximum power generation capacity of 3.6MW. A hybrid solution diesel-renewable power plant is also proposed to be constructed.
Financing for ATO mine
Steppe Gold secured a loan worth $59.7m through the Gold-2 National Program of the Government of Mongolia in November 2021. The loan was facilitated through the Central Bank of Mongolia.
An agreement was also made for a $5m working capital loan from the Trade and Development Bank of Mongolia (TDBM).
Both the loans will be used to accelerate the phase two construction works.
Contractors involved
The October 2021 feasibility study was led by DRA Global (DRA), an engineering, project delivery, and operations management group headquartered in Australia. DRA was responsible for the studies related to mine planning, mineral reserve estimate, metallurgy, as well as capital and operating cost estimation.
GeoRes was responsible for the mineral resource estimation while global consulting firm Knight Piésold provided the design of tailings facilities. The hydrogeology, water quality, and environmental resource management studies were performed by Ulzii Environmental (Mongolia).
Steppe Gold engaged Mongolian professional services and equipment supplier Euro Khan to conduct a technical study for the potential development of a hybrid renewable energy system (RES) for the mine. Barloworld Mongolia is the supplier of heavy equipment (CAT) parts and power systems.
Chinese chemical company Hebei Chengxin provides cyanide for the project while Dow Chemical Mongolia supplies other reagents.
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PM orders decision on 3-day mandatory isolation to be nullified www.montsame.mn

Prime Minister L.Oyun-Erdene has ordered the State Emergency Commission to nullify the decision to quarantine citizens arriving from abroad to be quarantined for three days.
Furthermore, he has issued an order to impose COVID-19 testing fees for citizens arriving from abroad at the airport and border checkpoints. Regarding the decision, the State Emergency Commission will provide further details today, highlighted Spokesperson of the Prime Minister Ch.Bolortuya during a press conference.
“The Omicron variant has been detected in 147 countries as of today. On January 11, it was warned that 50 percent of the population in certain countries in Europe that have low vaccination rates could be at risk of becoming infected if cases of this particular variant continue to spread. Furthermore, a study carried out by British health authorities has found that booster shots give an estimated 70-75 percent protection against the Omicron variant. Thus, the Government and the State Emergency Commission are calling for citizens to be involved in their additional dose of COVID-19 vaccine,” she said.
As of today, 66.6 percent of the country’s total population have been fully vaccinated, while 29.1 percent have been administered the third dose in addition to 10,247 persons who have had their fourth dose of COVID-19 vaccine.
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Transport resumes for containers with import goods and products www.montsame.mn

Transportation has resumed for containers with imported goods and products that accumulated at the Erlian border checkpoint of China for three months.
In order to create the conditions to have uninterrupted transport of goods under pandemic circumstances, a ‘Zero Point’ was established between the borders of Mongolia and China. The Government of Mongolia is carrying out certain works to ensure the continuous transport of export and import goods, and to reduce and stabilize the prices of goods.
Headed by the Deputy Prime Minister, a working group in charge of enhancing the operations of border checkpoints and accelerating the transport of export and import products are currently working at Zamiin-Uud border checkpoint.
Yesterday on January 11, officials led by Deputy Prime Minister S.Amarsaikhan and Minister of Road and Transport L.Khaltar held meetings with authorities of Dornogobi aimag and Zamiin-Uud soum as well as representatives of truck drivers, and became acquainted with the current state of the situation. During the meeting, the Deputy Prime Minister highlighted the necessity to carry out stable operations in the inter-border zone utilizing all the possibilities.
Following the meeting, they visited the Regional Logistics Center and the local customs office to check the preparations for the transport of goods.
If infection prevention guidelines are adhered at a high level, it will become possible to continuously transport containers between the two countries’ border checkpoints, and increase the daily number of containers being transported, reports officials.
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Bill to suspend scheduled inspections for three years www.montsame.mn

At its regular meeting today, the Cabinet decided to submit to the Parliament a Bill on temporary suspension of some types of state inspections.
"Annual scheduled inspections carried out under the Law on State Inspection cause significant problems to businesses and enterprises. Therefore, the Bill states to suspend the scheduled inspections for three years," said Minister of Justice and Internal Affairs Kh. Nyambaatar at the press conference today.
"However, inspections to the Bank of Mongolia, Financial Regulatory Committee, customs, taxation, health, social insurance, and child protection fields will be conducted as usual. Citizens’ complaints related to human life, health and food safety will be inspected as well," added the Minister.
If the Bill is approved, it will be effective from February 1, 2022 to December 21, 2024.
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Ministry of Digital Development and Communications established www.montsame.mn

During its irregular meeting on January 6, the Cabinet dissolved the Communications and Information Technology Authority of Mongolia (CITA) and approved the structure and strategy of the Ministry of Digital Development and Communications.
Minister of Education and Science L.Enkh-Amgalan will serve as the Acting Minister of Digital Development and Communications and B.Bolor-Erdene as the ministry’s Acting State Secretary. Officials led by Deputy Chief of the Cabinet Secretariat U.Byambasuren worked at CITA to announce the Cabinet’s decision.
“The State Great Khural and the Government have identified information and communications technology as a key economic sector. Moreover, Mongolia’s long-term, development policy ‘Vision 2050’ and the Government’s action program for 2020-2024 include a goal to become a digital nation and plans are afoot to digitize 90 percent of government services by 2024,” said Minister L.Enkh-Amgalan. “The parliament has approved five packages of laws on digital governance and the Digital Development and Communications Ministry will have an important role in the efforts. The ministry will help accelerate the country’s development and improve its competitiveness”
The Ministry of Digital Development and Communications has six departments for Policy and Planning; Digital Development Policy Implementation; Communications Policy Implementation; Cyber Security Policy Implementation; Public Administration; and Monitoring Evaluation and Internal Audit; eight divisions.
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Mongolia adds 1,818 new COVID-19 cases www.xinhuanet.com

Jan. 12 (Xinhua) -- Mongolia reported 1,818 more COVID-19 cases over the past 24 hours, the highest count since Nov. 5, 2021, bringing the national tally to 399,482, the country's health ministry said Wednesday.
The ministry said that two more COVID-19 related deaths were recorded, taking the national total to 2,003.
The Asian country confirmed its first imported and local cases of the Omicron variant last week, which indicates the beginning of a fourth wave of the pandemic in the country, health authorities said, urging the public to follow all relevant health guidelines.
So far, 66.6 percent of the country's population has received two COVID-19 vaccine doses, while more than 946,536 people aged over 18 have received a third dose.
Starting from Friday, a fourth dose has been administered on a voluntary basis.
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Homeschooling price doubled in Mongolia www.news.mn

When COVID-19 hit Mongolia in January 2020, all schools nationwide were closed, sending 900,000 children into remote learning. Classes were broadcast on the national TV channels on topics such as Mongolian language, mathematics, and science. Different channels were geared to different age groups. However, online courses were not as effective as in-person classes, but they were certainly better than no classes. Therefore, the additional work of home schooling saw the care burden increase significantly for parents.
Traditionally, families with two working parents prefer hiring a teacher for homeschooling to one of them quitting his/her job. However, the price of homeschooling is doubled since pandemic hit the country. The average cost of homeschooling ranges between MNT 500 thousand and MNT 600 thousand per child per month. This is above the minimum salary of just MNT 420 thousand in Ulaanbaatar, capital city of Mongolia as of January 2021.
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