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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Iron ore price rises as China’s imports hit record www.mining.com

The Iron ore price rebounded on Tuesday from a seven-month low after data showed China’s imports in August picked up for the first time in five months, rising 10.1% over July.
China imported iron ore worth a record $20 billion in August, despite steel production curbs in the world’s largest producer. Total volumes were 97.5 million tonnes.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $137.97 a tonne, up 4.2% from Monday’s closing.
It was also a record month for the value of China’s overall imports from Australia, with much of that likely coming from shipments of the red metal.
The most-traded iron ore contract for January 2022 delivery on China’s Dalian Commodity Exchange ended daytime trading 1.1% higher at 763 yuan ($118.18) a tonne, recovering from losses that brought it to as low as 718.50 yuan earlier in the session, its weakest since February 4.
China's iron ore import.
Despite China’s steel output controls to curb carbon emissions, Sinosteel Futures analysts said domestic demand for iron ore has not significantly dropped.
“There has been no large-scale production suspension and restriction,” Sinosteel Futures said in a note.
Guinea coup
A military junta seized control in the West African country of Guinea and detained President Alpha Conde, casting uncertainty over key bauxite and iron ore supplies.
Guinea’s 110-kilometer Simandou range hosts one of the largest untapped iron ore deposits in the world, containing more than 8.6 billion tonnes of ore with an average 65% iron content.
Simandou is situated in the remote southeastern interior of the country, a vast distance from the capital Conakry.
“The infrastructure demands of the project are consequently massive in scale, complexity and cost, larger on all measures than the bauxite export industry that has been established in the country in recent years,” said Andrew Gadd, senior steel analyst at CRU Group.
“Geopolitical risk has been one of many hurdles hindering the progress of Simandou up until now and the military coup that is now unfolding in the country marks a significant deterioration in the prospects for successful development of the deposit.”
In January, Israeli diamond and mining tycoon Beny Steinmetz was found guilty of bribing a public official to secure the giant iron-ore mine in Guinea.
He was sentenced to five years, but his lawyers say they will appeal all the way to the Supreme Court.
(With files from Bloomberg and Reuters)
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President U.Khurelsukh to hold high-level online meeting with his South Korean counterpart www.montsame.mn

President of Mongolia U.Khurelsukh will hold a high-level online meeting with President of the Republic of Korea Moon Jae-in on September 10. This will mark the first meeting between the Presidents of the two countries in four years.
Since the establishment of diplomatic relations between Mongolia and the Republic of Korea in 1990, bilateral relations and cooperation have expanded in all fields, and now the Republic of Korea has become an important trade and investment partner to Mongolia. During the summit, the two Presidents will hold discussion on elevating the comprehensive partnership between the two countries to strategic partnership.
Moreover, the sides will review the current state of political, economic, trade, investment, cultural, educational and humanitarian relations between the two countries, and identify future directions of relations and cooperation. It is also planned to exchange views on international and regional issues of mutual interest, and to hold broad discussions to intensify implementation of projects and programs being realized through soft loans and grants, and support people-to-people exchanges.
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ADB introduces new strategy to help Mongolia recover from COVID-19 www.xinhuanet.com

(Xinhua) -- The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021-2024 to help the country recover from the COVID-19 pandemic, local media reported on Tuesday.
The new strategy also lays a resilient foundation for inclusive and sustainable growth, the report cited the bank's office in the country as saying.
In the four years, the ADB's operations in Mongolia will focus on three strategic priorities: inclusive social development and economic opportunity; climate-resilient infrastructure; and sustainable, green, and climate-conscious development, the bank said in a statement.
"ADB will build on the strong foundations of past engagement as a leading development partner, while innovating to boost the climate change response, strengthen the business environment, and ensure that the COVID-19 recovery drives lasting reforms in areas such as health and social protection," said Pavit Ramachandran, ADB country director for Mongolia.
"It will retain flexibility to continue to respond to COVID-19 and be ready for emerging priorities," he said.
The CPS is aligned with the Mongolian government's relevant plans to ensure COVID-19 recovery by boosting economic revitalization, job creation, and more inclusive and sustainable development, according to the bank.
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Heads of Mongolia-China intergovernmental commission meet virtually www.montsame.mn

On September 7, the heads of the Mongolian and Chinese parts of the Intergovernmental Commission for Trade, Economic, Scientific and Technical Cooperation held a virtual meeting.
Deputy Prime Minister of Mongolia S.Amarsaikhan and Chinese Minister of Commerce Wang Wentao took part in the meeting, and exchanged views on the progress of the implementation of the Protocol for the 16th meeting of the intergovernmental commission as well as timely issues.
Noting that bilateral trade turnover has increased compared with the same period of the previous year as a result of the focus put on reducing the effects of the coronavirus infection, ensuring normal bilateral trade and economic cooperation, the ministers agreed to actively cooperate to increase trade turnover to USD 10 billion. In order to achieve this goal, the sides agreed to take preventive measures against the spread of COVID-19, and increasing the flow of goods crossing through the main border checkpoints.
After presenting the measures currently being taken to strengthen infection prevention, Deputy Prime Minister S.Amarsaikhan put forth the suggestion to significantly increase the number of coal trucks entering through the Gashuunsukhait-Gantsmod, Shiveekhuren-Sekhee border checkpoints, and to reach an agreement on the procedure of containerized transportation.
In turn, Chinese Minister of Commerce Wang Wentao expressed that he will pay attention to the suggestion put forth by the Mongolian Deputy Minister in order to resolve issues related to importing cargo that have accumulated at Tianjin Port, increase the number of trains going between Zamiin-Uud and Erlian stations, and restore the export of non-mining products crossing through the Zamiin-Uud border checkpoint, and that the corresponding organizations of China will be urgently informed about the matter.
Moreover, relevant organizations of the two countries agreed to actively cooperate to accelerate the implementation of projects financed with non-refundable aid and soft loans.
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China willing to buy more mineral, agriculture products from Mongolia www.reuters.com

BEIJING, Sept 8 (Reuters) - China is willing to buy more mineral and agriculture products from Mongolia and will work with it to ensure unimpeded trade across their border, China’s commerce ministry said.
Minister of Commerce Wang Wentao, in a video meeting with Mongolia Vice Premier Amarsaikhan Sainbuyan on Tuesday, said China pays high attention to border trade with Mongolia and will promote infrastructure connections to expand trade.
Amarsaikhan said he hoped China would increase the volume of goods crossing the border, import more non-mineral products and support cross-border container transport, the Chinese ministry said in a statement late on Tuesday.
China mainly import coal, iron ore and frozen horse meat from Mongolia.
Mongolia is one of China’s main coking coal suppliers, especially after Beijing stopped coal imports from Australia in December last year.
In the first seven months of 2021, China bought 8.84 million tonnes of coking coal from Mongolia, about 34% of China’s total imports.
However, coal shipments have slowed since April due to the resurgence of COVID-19 in Mongolia, with coal cargos falling to less than 200 in August from more than 800 in the same period in 2021.
China’s coking coal prices gained 90% over the past five months and hit a record high of 2,971 yuan ($459.71) per tonne on Tuesday, on concern about a supply crunch. ($1 = 6.4627 Chinese yuan) (Reporting by Muyu Xu and David Stanway Editing by Robert Birsel)
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5.0 magnitude earthquake recorded in Tuv aimag www.montsame.mn

A 5.0 magnitude earthquake has been recorded approximately 18 km northeast of Jargalant soum, Tuv aimag.
The quake struck around midnight at 0.50 am today on September 8. Residents of Tuv, Bulgan, Selenge, Darkhan-Uul, and Orkhon aimags as well as Ulaanbaatar city have reported having felt tremors, reports the National Emergency Management Agency.
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COVID-19: 3,677 new cases, six deaths reported www.montsame.mn

The Ministry of Health reported today, September 8 that 3,677 new cases of COVID-19 have been detected in the past 24 hours. More specifically, 1,469 new cases were detected in the capital city, with 2,208 cases in rural regions.
As of today, the total number of confirmed COVID-19 cases in Mongolia now stands at 243,719. In the past 24 hours 3,392 patients have made recoveries.
Furthermore, six new COVID-19 related deaths have been reported, raising the country’s death toll to 982. Currently, 19,440 people are receiving hospital treatment for COVID-19 whilst 29,639 people with mild symptoms of COVID-19 are being isolated at home.
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Mongolia reported 3,963 new cases of COVID-19 www.akipress.com

Mongolia reported 3,963 new cases of COVID-19, the Health Ministry said on Sept 7.
1,383 new cases were detected in the capital city, 2,580 cases in rural regions.
The total number of confirmed COVID-19 cases in Mongolia now stands at 240,042.
8 deaths have been reported, raising the country’s death toll to 976.
20,439 people are receiving hospital treatment for COVID-19 whilst 29,639 people with mild symptoms of COVID-19 are being isolated at home.
3,560 patients recovered in a day.
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EBRD and XacBank support Mongolia’s dairy producer Suu Milk www.ebrd.com

The European Bank for Reconstruction and Development (EBRD) and the local lender XacBank are contributing to the development of dairy farming and processing in Mongolia by supporting the expansion of the country’s leading dairy company Suu Milk.
In a joint transaction, XacBank will be providing a local currency loan equivalent to US$ 4.8 million to Suu Milk, while 65 per cent of the risk on the loan will be assumed by the EBRD under a risk-sharing facility signed between the two financial institutions.
The funds will be used to finance the expansion of production capacity and the renewal of Suu Milk’s transport fleet, including the acquisition of new delivery trucks serving more than 2,500 nomadic herders across Mongolia. New ice cream, dairy production and packaging equipment will widen its range of products, extend their shelf life and raise food safety standards.
These improvements will lead to significant reductions in the consumption of energy and water. Suu Milk is also committed to adapting its operational policies and practices to provide new employment opportunities for women.
Technical assistance funded by the European Union helped Suu Milk improve its accounting and financial reporting practices and enhance the firm’s marketing.
Suu Milk is the oldest dairy company in Mongolia and was founded in 1958. It sources milk supplies from 19 collection points in the country and has more than 420 employees.
In Mongolia, the EBRD works to help build a diverse economy by developing the private sector and supporting infrastructure improvements. The Bank has invested more than €1.84 billion in 116 projects in the country since it started operations there in 2006.
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USD 115 million project to be implemented for renewing streets and roads in capital city www.montsame.mn

On September 6, the Presidium of the Citizens’ Representative Khural of the Capital City virtually convened to discuss matters such as the loan agreement for the project on sustainable roads and transport in Ulaanbaatar city.
The five-year project will be implementing measures aimed at comprehensively renewing the capital city’s streets and roads, and effectively planning the public transportation system.
With USD 115 million in total financing for the project, USD 100 million is planned to be financed through a foreign loan.
In the framework of the project, it is planned to widen the roads at Bayankhoshuu and Unur Khoroolol to four-lane roads, and turn the Narny Zam road into a four to six lane road. Furthermore, a special lane will be created for public transport, and a safe environment will be created for pedestrians and bikers. As the capital city’s Peace Avenue is currently over capacity by 3-4 times, the Narny Zam road is also planned to be extended in both directions by 4-6.9 km.
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