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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Assessment of gas trunkline across Mongolia advance www.ogj.com

Gazoprovod Soyuz Vostok has been registered in Mongolia as part of an August 2020 memorandum of intent between Gazprom and the government of Mongolia to set up a special purpose vehicle to perform design and survey works and conduct a feasibility study regarding construction of a gas trunkline to supply Russian gas across Mongolia to China.
“With the Soyuz Vostok gas pipeline, Russia's Power of Siberia 2 gas pipeline will extend through Mongolia, and its export capacity might become more than 1.3 times higher than that of Power of Siberia. This will allow us to export large amounts of gas from Western Siberia not only westward but also eastward,” said Alexey Miller, Gazprom’s management chairman, deputy chairman of the board.
The memorandum of intent followed a December 2019 memorandum of understanding providing for a joint assessment of the feasibility of the project for pipeline gas supplies from Russia to China across Mongolia (OGJ Online, Dec. 6, 2019).
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China to build 30 'fully connected' 5G factories by 2023 www.rt.com

China’s Ministry of Industry and Information Technology (MIIT) has said the nation plans to accelerate its rollout of wireless technology, setting up 30 "fully connected" 5G factories in ten key industries in the next two years.
According to the ministry, which has revealed an action plan for the coming years, three to five industrial internet platforms with international influence will be established, as well as a big data center.
The action plan highlighted that the next three years (2021-2023) will be a period of rapid growth for China's industrial Internet. During that period emerging business formats will prevail, including intelligent manufacturing, network-based collaboration, and personalized customization, MIIT said.
The industrial internet, also known as the Internet of Things (IoT), implies broader adoption of advanced technologies such as next-generation wireless networks, big data, and artificial intelligence.
MIIT data shows that China has already developed over 70 industrial internet platforms, connecting around 60 million sets of industrial equipment and more than 400,000 industrial enterprises.
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Gazprom creates company in Mongolia for gas pipeline design www.akipress.com

Gazprom has registered in Mongolia Gazoprovod Soyuz Vostok, a special purpose vehicle to deal with design and survey and the feasibility study for the project of building a main gas pipeline across Mongolia for gas deliveries to China, Tass reported as the company saying..
"The Soyuz Vostok gas pipeline will be an extension of the Russian gas pipeline Power of Siberia 2 on the territory of Mongolia, whose export capacity can be more than 1.3 times above the capacity of the Power of Siberia [gas pipeline]. This will make possible to supply gas from West Siberia for export in huge quantities not merely in the Western, but also in the Eastern direction," Gazprom CEO Alexei Miller is cited as saying.
Gazprom plans to complete preparation of the feasibility study for gas pipeline construction through Mongolia in the first quarter of 2021, Miller said this Tuesday at the meeting with Russian President Vladimir Putin. The feasibility study will be actually ready in the first quarter of 2021, he noted.
In December 2019, Gazprom signed a memorandum of understanding with Mongolia, contemplating joint assessment of the opportunity for pipeline gas supplies from Russia to China across Mongolia. In August 2020, a memorandum was signed providing for establishment of a special purpose vehicle to perform a pre-investment project assessment. Planned throughput capacity of the pipeline can be up to 50 bln cubic meters of gas per year.
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Wild Mongolian gazelles cross border to forage in China www.chinaplus.cri.cn

Hundreds of wild Mongolian gazelles have crossed the border to forage in China and spend one of the harshest winters in recent memory.
Officers at the Erenhot checkpoint in north China's Inner Mongolia Autonomous Region have been closely monitoring the gazelles, increasing patrols in key areas to protect the grazers.
According to a census carried out in 2000 and cited by the World Wildlife Fund, over 2 million gazelles inhabited Mongolia's Eastern Steppe at the time.
But the population of the species has been decreasing ever since – under threat from poorer weather conditions, infectious diseases, steppe fires, and human and livestock interference, among others.
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Cooperation in the field of free zones – A bilateral document between Mongolia and Turkey signed In Ankara www.montsame.mn

Ulaanbaatar /MONTSAME/ On January 21. 2021, Mr. Bold Ravdan, Ambassador of Mongolia to Turkey and Mrs. Gonca Yilmaz Batur, Deputy Trade Minister of Turkey signed “Memorandum of Understanding between Mongolia and the Republic of Turkey Regarding Cooperation in the Field of Free Zones” in Ankara.
While highlighting that the document will be much instrumental in promoting trade and investment between Mongolia and Turkey by forging long lasting mutually beneficial cooperation, the Deputy Trade Minister Mrs. Gonca Yilmaz Batur emphasized new opportunities of cooperation further such as establishing a logistics center and introducing new technologies in free zones.
Stressing the importance of cooperation Ambassador Bold affirmed his confidence that “Mongolia and Turkey will be able to tap on more opportunities such as establishing joint ventures by utilizing free zones with aim of promoting export oriented investment and production”.Since 1987, 18 free zones have become operational in Turkey with investment estimates over USD 22 billion, and about 2 thousand ventures, of which 5 hundred are foreign, operate in those free zones as of today.
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History made: Renewable energy surpassed fossil fuels for European electricity in 2020 www.cnn.com

New York (CNN Business)Europeans got more of their electricity from renewable sources than fossil fuels for the first time last year, according to an annual report from Ember and Agora Energiewende.
The report, which has been tracking EU's power sector since 2015, found that renewables delivered 38% of electricity last year, compared to 37% delivered by fossil fuels.
The shift comes as other sources, such as wind and solar power, have risen in the European Union. Both sources have nearly doubled since 2015, and as of last year accounted for one-fifth of electricity generation in EU countries, the report found. It's also the reason why coal power declined 20% last year, making up only 13% of electricity generated in Europe.
"Rapid growth in wind and solar has forced coal into decline, but this is just the beginning," said Dave Jones, senior electricity analyst for Ember and lead author on the report, in a statement. "Europe is relying on wind and solar to ensure not only coal is phased out by 2030, but also to phase out gas generation, replace closing nuclear power plants, and to meet rising electricity demand from electric cars, heat pumps and electrolysers.​"
Last year's Covid-19 lockdown measures resulted in less demand for electricity across the globe. European demand decreased by 4% in 2020, according to the report, which said Covid trends had no effect on the growth of renewable energy sources. Since 2015, Europe's electricity emissions recorded a historic decline, becoming 29% cleaner, the report noted.
The milestone follows commitments from EU leaders last month to cut greenhouse gas emissions by 55% from 1990 levels by 2030. In the United States, renewable energy overtook coal consumption in recent years. Last May, renewable energy sources were consumed more than coal for the first time since 1885.
"Post-pandemic economic recovery must not slow down climate action," said Patrick Graichen, director of Agora Energiewende, in a statement. "We therefore need strong climate policy -- such as in the Green Deal -- to ensure steady progress."
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Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies www.reuters.com

SYDNEY/WELLINGTON (Reuters) - Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional western partners, stoking fears the region is becoming more dependent on Beijing.
The Cook Islands, a tiny country of around 20,000 people in the South Pacific, turned to the Beijing-backed Asian Infrastructure Investment Bank (AIIB) late last year after loans from the U.S. and Japanese-led Asian Development Bank (ADB) and grant from close ally New Zealand fell short.
The US$20 million AIIB loan to the Cook Islands was the second to a strained Pacific economy in the last few months, after Fiji secured a US$50 million facility, signalling the arrival of a development bank closely linked to China’s Belt and Road Initiative to the Pacific.
Vanuatu, with a population of 300,000, also announced last week that it had accepted a US$12 million grant from the Chinese government.
While most Pacific island countries have used their natural borders to combat COVID-19 infections, they have faced economic hardship given their reliance on international tourism, a sector that abruptly shut as the pandemic struck.
China’s growing reach in the region is unsettling for the United States and its allies, who have been the dominant powers in the Pacific since World War II.
Despite being small, Pacific states boast strategic ports and air strips and control vast swathes of resource-rich ocean. They also represent a vote in some international forums.
“China is very willing to lend money to any Pacific island nation. As much as Australia and New Zealand have encouraged the islands to look to them first it’s been a lot easier getting money out of China,” said Fletcher Melvin, president of Cook Islands’ Chamber of Commerce.
The AIIB did not immediately respond to questions.
FUNDING GAP
One of the most remote outposts of World War Two, Cook Islands has a free association agreement with New Zealand and shared citizenship, though it is its own country.
Almost one-third of Cook Islands’ NZ$215 million ($153.2 million) external debt now lies with Beijing-linked bodies, AIIB and China’s Exim Bank, up from 16% before the pandemic.
Cook Islands expects to require additional borrowings of NZ$71.2 million ($50.74 million) over the next three years to cover shortfalls, documents show.
Jon Fraenkel, Professor in Comparative Politics at Victoria University of Wellington said Fiji, which has one of the biggest Pacific economies, was desperate for foreign funds after it entered the pandemic in a weak financial position.
The Cook Islands has previously defended its economic ties to China, which has funded several projects, including a water supply system. Its government did not respond to requests from Reuters for comment.
The ADB said in a statement to Reuters that late last year it provided an additional US$20 million loan, which was the “country limit” for the small island nation.
The New Zealand government said it provided a NZ$22 million ($16 million) grant through its aid programme.
After getting what it could from those sources, the Cook Islands then sought funding from AIIB, sources with knowledge of the financing talks told Reuters.
“If the AIIB becomes the primary lender to the Pacific and the region’s economic recovery is driven by Chinese lending, then certainly there will be cause for significant concern that economic dependence could be exploited,” said Anna Powles, senior lecturer in the Centre for Defence and Security Studies at Massey University based in Wellington.
($1 = 1.4033 New Zealand dollars)
Reporting by Jonathan Barrett and Praveen Menon; Editing by Simon Cameron-Moore
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The Hu Featured on Bank of Mongolia's New Commemorative Coin www.loudwire.com

The Hu have seen a meteoric rise over the last few years, with the band providing a fresh take in the rock scene with their brand of Mongolian folk-metal. Their impact has not gone unnoticed, especially in their homeland where the Bank of Mongolia has announced plans to feature them on a new commemorative coin.
The freshly minted coin is expected to be available for release in February by the Bank of Mongolia. Have a look at the design of the coin in the illustration below:
Better Noise Music
Recently speaking with Metal Hammer, multi-instrumentalist Jaya stated, “It’s not easy to be the ice-breaker. Following in someone’s footsteps is easier most of the time. We work hard and we are proud to be the one to pave the way for other bands who will come after us. The satisfying thing is that other young people are coming up after us in Mongolia. We’re inspiring these people. If you work hard, anything is possible. If you really love it and picture it, and work for it, things will happen. This is the most satisfying thing for us.”
The Hu finished 2020 on a high note with a cover of Metallica's "Sad But True," but using their own Mongolian instrumental interpretation.
"Metallica has been a huge influence and inspiration for us as music fans and musicians," the band offered in a statement. "We admire their 40 years of relentless touring and the timeless, unique music they have created. It is a great honour to show them our respect and gratitude by recording a version of ‘Sad But True’ in our language and in the style of The Hu."
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Mongolian subsidiary of Kincora receives Tax Assessment from MTA www.news.mn

Kincora Copper Ltd. today announced that its Mongolian subsidiary Golden Grouse IBEX LLC has received a 2021 tax assessment for 2.7 billion MNT, approximately US$950,000, from the Mongolian Tax Authority (“MTA”).
The 2021 tax assessment is comprised of four items, of which Kincora strongly refutes the merit of three including the very vast majority of the liability sought relating to the 2016 merger with IBEX (the agreed liability owed is 16.2 million MNT or approximately US$5,700).
The 2016 IBEX merger required the tax assessment, which followed an audit of the IBEX’s entity’s prior year periods and the on and off-shore agreements to the merger (IBEX and parent entity). The 2016 tax assessment was a condition precedent to close the merger with any adverse liability enabling both counterparties to walk away. In the company’s view, supported by three independent external legal opinions, the 2021 tax assessment’s retrospective liability is not in-line with the 2016 tax assessment and Mongolian law, and there is no basis for a different determination.
Shortly after the IBEX merger closed, in mid-2017, a tax audit commenced on the merged entity to validate that the merger transaction completed as it was presented to the Mongolian authorities in 2016. This review has only recently completed, with a fourth audit review team, including a team member from the original 2016 review, delivering the 2021 tax assessment. A statute of limitation for the MTA to review and retrospectively enable a contradictory tax act expires on 10 February 2021.(cision)
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Mongolia reports 16 more COVID-19 cases, 24 recoveries www.xinhuanet.com

Jan. 24 (Xinhua) -- Mongolia has reported 16 new cases of COVID-19 in the last 24 hours, taking its total tally to 1,627, the country's National Center for Communicable Diseases (NCCD) said Sunday.
"A total of 12,848 tests for COVID-19 were conducted across the country yesterday and 16 of them were positive," Amarjargal Ambaselmaa, head of the surveillance department of the NCCD, said during a daily press conference.
The latest cases were locally transmitted and detected in the country's capital Ulan Bator, said Ambaselmaa.
Meanwhile, 24 more COVID-19 patients have recovered and were discharged from hospitals in Ulan Bator, bringing the total recoveries to 1,149, she added.
The Asian country has recorded two COVID-19-related deaths since it confirmed its first case of COVID-19 in March 2020. Enditem
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