1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

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

NEWS

64x64

On the plane from Mongolia: Pope Francis speaks on China, Russia, Vietnam and the upcoming synod in Rome www.americamagazine.org

Pope Francis held an hour-long press conference on the flight from Mongolia to Rome on Sept. 4, answering questions related to his visit in Mongolia, China-Vatican relations and the yet unfulfilled mission of Cardinal Matteo Zuppi to Beijing.
He clarified recent comments to young Russian Catholics in St. Petersburg that so upset Ukrainians, spoke about the updated encyclical “Laudato Si’” that will be released on Oct. 4, and when asked about the possibility of a visit to Vietnam, he revealed that traveling to foreign countries has become more difficult for him.
He answered several questions about next October’s synod of bishops and insisted on the need to ensure the privacy of the proceedings to allow participants to speak freely. He announced that a commission of the synod will provide the media with information each day but not with gossip of what clashes took place in the meetings.
On China and Vatican relations
Given that China has impacted in a highly significant and negative way on Pope Francis’ visit to Mongolia, he was asked about the current state of Sino-Vatican relations in the light of Beijing’s prohibiting all Chinese bishops, as well as the faithful, from going to Mongolia for the pope’s visit.
Pope Francis answered several questions about next October’s synod of bishops and insisted on the need to ensure the privacy of the proceedings to allow participants to speak freely.
Francis, in his reply, avoided any mention of Beijing’s prohibition of travel among the Chinese faithful to Mongolia. Instead he asserted that the China-Vatican relations are “respectful,” even if that is not the word that most observers and many church people would have chosen.
He spoke about the ongoing dialogue between the two sides in reference to the nomination of bishops in accordance with the provisional agreement signed in Beijing in September 2018, even though Beijing has twice breached that agreement. He highlighted the fact that Catholic intellectuals have been invited to universities in mainland China to teach there.
He emphasized the need “to go forward much more in the religious aspect so as to understand each other better,” so that Chinese citizens may no longer think that Chinese Catholics are subject to foreign powers.
His answer to the question revealed that he wished to calm the waters and move forward in the hope of a more constructive dialog with Beijing.
Pope Francis has been exploring ways to create a climate, through concrete humanitarian actions, to bring an end to the war in Ukraine. He appointed the Italian Cardinal Matteo Zuppi as his peace envoy and sent him to Kyiv, Moscow and Washington. The cardinal has been waiting for Beijing to open the doors to him. Asked when the cardinal might meet with authorities in China, Francis gave no indication as to when Cardinal Zuppi might get the green light.
Clarifying his comments to young Russian Catholics
Francis had greatly angered Ukrainians when he concluded a video-conference with young Russian Catholics in St. Petersburg by encouraging them to treasure and protect their inheritance from “mother Russia” and from the times of Peter the Great and Catherine the Great. He was accused of endorsing Russian imperialism.
Pope Francis was asked about the current state of Sino-Vatican relations in the light of Beijing’s prohibiting all Chinese bishops and the faithful from going to Mongolia for the pope’s visit.
Tweet this
Asked today why he had chosen to say those things, Pope Francis gave a long answer in which he stated clearly that he had been thinking of the cultural and humanistic dimension of that historical period, not of the political or imperialistic dimensions. He said when he spoke those words he was thinking of the great Russian literature, arts and music. He recognized that it was a mistake to refer to "great Russia" at this time, meaning while the war was being waged in that very name.
Responding to a journalist’s question, he said, “You mentioned imperialism, but I was not thinking about imperialism but about culture and the transmission of culture, which is never imperial…but always dialogical. It is true that there are imperialists who wish to impose their ideology, but when a culture is transformed into an ideology, this is imperialism; it is a culture distilled into an ideology.”
He said, “Here one must distinguish between the culture of a people and when it becomes an ideology. I say this for all, and for the church, because this happens in the church too. And it happens with imperialism that consolidates the culture and transforms it into an ideology.”
Also in the church, he said, “we have to distinguish between doctrine and ideology. Doctrine is never ideological, but it becomes ideology when doctrine is detached from reality and detached from the people.”
A visit to Vietnam?
He was asked if he would visit Vietnam given the fact the Holy See’s relation with Vietnam has developed in a very positive way over the years and took a significant step forward in recent times. Vietnamese Catholics have long wanted the pope to visit them and their homeland.
Pope Francis: “We have to distinguish between doctrine and ideology. Doctrine is never ideological, but it becomes ideology when doctrine is detached from reality and detached from the people.”
Pope Francis confirmed that “the dialogue between the Holy See and Vietnam is one of the very valid ones that the church has done in recent times.” Both sides “had the good will to understand each other and to find the paths forward. There were problems, but in Vietnam I see that sooner or later they are overcome.”
He recalled that the president of Vietnam had visited him in the Vatican, and “we spoke openly.” He recalled too that some years ago a group of parliamentarians came from Vietnam and were “very respectful because that’s their way of doing things.”
He said, “Theirs is an open culture, and with Vietnam I would say there is a dialogue that is open.”
As for a papal visit to Vietnam, Francis responded, with a smile, “If I don't go, John XXIV certainly will. There will certainly be [a trip] because it is a land that deserves to progress and that has my sympathy.”
He confirmed that he would go to Marseilles [on Sept. 23] and “perhaps another one in Europe.” In the past he had mentioned Kosovo as a possibility, but not today.
Francis, who will be 87 on Dec. 17, said, “It is not as easy for me to do trips nowadays as it was in the beginning; there are limitations, including walking.”
The synod and ideological polarization
Asked how ideological polarization may be dealt with at the synod, given that its proceedings will be secret, Pope Francis replied: “There is no place in the synod for ideologies. It is another dynamic; the synod is dialogue by the baptized, by the members of the church in the dialogue with the world and the problems that humanity faces today.
Pope Francis: "True Catholic doctrine scandalizes, just as the idea that God became man scandalizes, that the Madonna preserved her virginity [scandalizes]. The true Catholic doctrine scandalizes, but the distilled ideology does not scandalize.”
“But when one thinks in an ideological framework the synod ends. There is no place in the synod for ideology,” he said. “There is a place for dialogue and for confrontation between sisters and brothers, and confrontation with each other on priorities.”
He emphasized that “synodality is not something [introduced] by me, it came from Paul VI. When the Second Vatican Council ended, he noted that the church in the West had lost the synodal dimension. The Eastern churches have it.”
For this reason, he said, “Paul VI created the Secretariat of the Synod of Bishops that over the past 60 years has carried forward reflection in the church [on various issues] in a synodal way.”
Francis recalled that on the 50th anniversary of Paul VI’s decision, “I published a document and I concluded that it was very appropriate to hold a synod on synodality. It is not a fashion, rather it is something ancient because the {Eastern church has] preserved it.”
Pope Francis confirmed that the synod’s proceedings will not be public. “We must protect the privacy,” he said. “This is not a television program where we speak of everything; it is a religious moment. it is a moment for religious exchange.”
He said the synod members will each speak for three or four minutes and then there will be a period of silence with prayer, a moment of prayer. “Without this sense of prayer there is no synodality,” he said, “It is political, it is parliamentarianism, but the synod is not a parliament.”
Francis said, “There will be a commission, presided over by [Paolo Ruffini, prefect of the Dicastery for Communication] that will issue press releases on how the synod is going, [but in] the synod, we must protect the religiosity and the identity of the person who speaks.”
On opposition to the synod
A journalist told Francis, “This synod is not only arousing much curiosity and much interest, it is also arousing much opposition and criticism.” He mentioned a book that is being circulated in Catholic circles to which U.S. Cardinal Raymond Burke wrote in the introduction that the synod will be “a Pandora’s box” that will bring calamity to the church.
The journalist asked if the pope believed this evident polarization threatened the work of the synod. Pope Francis responded by recalling that some months ago he called a Carmelite prioress who told him: “Holiness, we are afraid of the synod that it will change doctrine.”
The pope told her, “If you continue with these ideas, you will find ideology. Always, when in the church one detaches from the journey of communion then ideology emerges…. But it’s not the true Catholic doctrine, which is in the Creed. The true Catholic doctrine scandalizes, just as the idea that God became man scandalizes, that the Madonna preserved her virginity [scandalizes]. The true Catholic doctrine scandalizes, but the distilled ideology does not scandalize.”
Another journalist asked the pope, “How can we journalists explain the synod to people without having access at least to the plenary sessions to be sure that the information given to us is true. Is there not some possibility of being more open?”
Pope Francis insisted that the synod will be “most open,” adding that Mr. Ruffini’s commission will provide updates each day of the proceedings. “This commission will be very respectful of the interventions of each [participant],” Pope Francis said, “but it will seek to not give room for gossip when it gives information on the proceedings of the synod, which is constitutive for the church. If one wants to get the news that this one clashed with that one, that is gossip.”
He acknowledged that the commission will not have an easy task, “but it will tell that the synod went this way today, it will provide a synodal dimension, not a political one.”
“Remember the protagonist of the synod is the Holy Spirit,” Pope Francis said, “and how does one explain this [except] by transmitting the ecclesial happenings.”
Update of “Laudato Si’”
Pope Francis said his “update” of “Laudato Si’” will be published on Oct. 4, the Feast of St Francis of Assisi. He called it a review of what has happened since the U.N. meeting on climate change in Paris in 2015. The revision will consider “some of the things that have not yet been listened to” that have emerged from various U.N. meetings on climate change.
He said, “It is not as large as ‘Laudato Si,’ but it carries forward ‘Laudato Si’...and it offers an analysis of the present situation.”
BY: Gerard O’Connell is America’s Vatican correspondent and author of The Election of Pope Francis: An Inside Story of the Conclave That Changed History. He has been covering the Vatican since 1985.
@gerryorome
 
 
 
...


64x64

ADB Launches Grid-Connected Solar Photovoltaic Power Plant in Altai City, Mongolia www.adb.org

The Asian Development Bank (ADB) and the Government of Mongolia has inaugurated a 10-megawatt solar photovoltaic power plant in Govi-Altai province.
The new plant, Serven, will provide about 20 million kilowatt-hour energy annually and is estimated to cut 15,000 tons of carbon dioxide greenhouse gas emission per year during its lifetime. The power plant is financed by ADB’s Upscaling Renewable Energy Sector Project which supports 41-megawatts of distributed renewable energy systems through subprojects that will supply clean electricity and heat in the less-developed region of western Mongolia.
“About 10% of our country's territory is suitable for wind energy use. Covering more than 70% of the total territory, the steppe and Gobi Desert has a long duration of sunshine and vast reserves of clean energy, so it can be used to meet the energy consumption of the region. Serven solar power plant proves this,” said Mongolia Prime Minister Oyun-Erdene Luvsannamsrai. “By using this advantage, Mongolia has the full potential to get out of energy dependence and expand its economy.”
“The new solar power plant will contribute to Mongolia’s transition to cleaner energy by advancing the country’s efforts to expand renewables,” said ADB Country Director for Mongolia Shannon Cowlin. “In addition to providing secure power supply to rural areas in the western region, the solar power plant will improve public health and resource usage by reducing air pollution and water usage.”
The project was approved in September 2018 with loan financing from ADB and grant cofinancing from the Strategic Climate Fund and the Japan Fund for the Joint Crediting Mechanism (JFJCM). The JFJCM is an ADB trust fund that aims to provide financial incentives for the adoption of advanced low-carbon technologies in ADB-financed and administered sovereign and nonsovereign projects.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
...


64x64

Mongolia to expand development cooperation with China www.news.mn

Mongolia is ready to expand development cooperation with China under the framework of the Belt and Road Initiative (BRI) and the Global Development Initiative (GDI), Mongolian Prime Minister L.Oyun-Erdene said on Friday.
L.Oyun-Erdene made the remarks while meeting with visiting Luo Zhaohui, head of the China International Development Cooperation Agency (CIDCA), in Mongolia’s capital Ulaanbaatar.
Expressing his gratitude to the Chinese government for its long-term assistance and support to Mongolia’s economic development and people’s livelihood, Oyun-Erdene said that Mongolia is ready to further cooperation with China under the framework of the BRI and the GDI in trade, port construction, desertification prevention and control, cultural and sports exchanges, pollution control, improvement of people’s livelihood, talent training and other fields, and jointly act on the important consensus reached by the two countries’ heads of state.
For his part, Luo said that the Chinese delegation’s visit to Mongolia aims to lift the comprehensive strategic partnership between the two countries to a higher level, deepen mutual development cooperation, and promote a number of important cooperation projects, especially Mongolia’s national tree-planting campaign dubbed “Billion Trees,” so as to better benefit the two peoples.
On the same day, the CIDCA, the National Forestry and Grassland Administration of China and the Ministry of Foreign Affairs of China held talks with relevant departments of Mongolia. The two sides signed relevant cooperation agreements and held an unveiling ceremony for the China-Mongolia Desertification Prevention and Control Cooperation Center.
...


64x64

E.Munkhnasan: Printed certificates and permits will be completely electronic www.gogo.mn

The Ministry of Road and Transport Development announced 2023 as the year of full digitization, increased productivity, accountability and results.
Within the framework, works to digitize all services related to vehicles under progress.
By doing this, citizens will be able to save time and money by eliminating the services that citizens have to visit in person and transferring them to electronic form. In particular, vehicle reference, renewal test, and license issuance have been digitized.
Furthermore, all preparations have been made to upload vehicle registration and certificates into the E-Mongolia platform, and it will be available soon. Also, work to install RFID to vehicles has been started. As a result, all printed certificates related to vehicles are being transferred to electronic chip form
 
 
 
...


64x64

Pope wraps up Mongolia trip, says Church not bent on conversion www.reuters.com

ULAANBAATAR, Sept 4 (Reuters) - Pope Francis on Monday wrapped up a historic trip to Mongolia whose main purpose was to visit the miniscule Catholic community but which took on international connotations because of his overtures to its neighbour China over freedom of religion.
Francis ended his five-day visit with a stop to inaugurate the House of Mercy, a multi-purpose structure to provide temporary health care to the most needy in the Mongolian capital as well as to the homeless, victims of domestic abuse and migrants.
Situated in a converted school and the brainchild of Mongolia's top Catholic cleric, Italian Cardinal Giorgio Marengo, the House of Mercy is destined to serve as a sort of central charity coordinating the work of Catholic missionary institutions and local volunteers.
"The true progress of a nation is not gauged by economic wealth, much less by investment in the illusory power of armaments, but by its ability to provide for the health, education and integral development of its people," Francis said at the house.
He said he wanted to dispel "the myth" that the aim of Catholic institutions was to convert people to the religion "as if caring for others were a way of enticing people to 'join up'".
Mostly Buddhist Mongolia has only 1,450 Catholics in a population of 3.3 million and in an unprecedented event on Sunday, just about the entire Catholic population of the country was under the same roof with the pope.
On Monday, around two dozen Chinese Catholics surrounded the pope's motorcade, attempting to receive his blessings.
The devotees, who identified themselves as Catholics from mainland China and wearing uniforms brandishing the phrase "Love Jesus", crowded outside the House of Mercy charity centre.
As Francis’s motorcade departed the centre, they sang a Christian hymn dedicated to the pope in Mandarin, and attempted to dodge security and reach his car. One woman managed to get through security and received a blessing.
"I am just too happy, I can’t even control my emotions now," said the woman, who would not give her name due to the sensitivity of the issue.
Mongolia was part of China until 1921 and the pope's trip was dotted by allusions or appeals to the superpower next door, where the Vatican has scratchy relations with its ruling Communist Party.
At the end of Sunday's Mass he sent greetings to China, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens."
On Saturday, in words that appeared to be aimed at China rather than Mongolia, Francis said governments have nothing to fear from the Catholic Church because it has no political agenda.
Beijing has been following a policy of "Sinicisation" of religion, trying to root out foreign influences and enforce obedience to the Communist Party.
China's constitution guarantees religious freedom, but in recent years the government has tightened restrictions on religions seen as a challenge to the party's authority.
In December, the United States designated China, Iran and Russia, among others, as countries of particular concern under the Religious Freedom Act over severe violations.
A landmark 2018 agreement between the Vatican and China on the appointment of bishops has been tenuous at best, with the Vatican complaining that Beijing has violated it several times.
The phrase used by the pope on Sunday - "good Christians and good citizens" - is one the Vatican uses frequently in trying to convince communist governments that giving Catholics more freedom would only help their countries' social and economic progression.
Reporting by Philip Pullella and Joseph Campbell; Editing by Michael Perry
...


64x64

Foreign Trips of Citizens Increase by Four Times www.montsame.mn

In the first half of this year, 833 thousand (double counting) citizens of Mongolia traveled abroad, of which 553.6 thousand (66.5 percent) journeyed on tourism. This number exceeds by 410.2 thousand or 3.9 times more compared to the same period of 2022.
In the meantime, 279.3 thousand (33.5 percent) people traveled for work, study, or permanent residence, which is an increase of 205.6 thousand or 3.8 times more compared to the same period of 2022, reports the National Statistics Office.
Among our citizens who traveled abroad, 567.8 thousand (68.2 percent) were men, and 265.2 thousand (31.8 percent) were women, and 49.1 thousand (5.9 percent) were children. As for the duration of overseas trips, 797.8 thousand (95.8 percent) of them went for up to 30 days, 10.7 thousand (1.3 percent) for 30 to 90 days, and 24.5 thousand (2.9 percent) for 90 or more days.
...


64x64

Copper crime ring is latest scandal to rock the metals world www.bloomberg.com

The history of commodity markets is littered with fraud and risk, and the opaque trade in scrap metal is no exception. But even veterans with decades of experience say they’ve never seen anything like the scam now rocking one of the world’s top copper recyclers.
Aurubis AG revealed this week it has uncovered a large-scale fraud involving shipments of scrap metal that it uses to feed its copper smelters, with potential losses running into hundreds of millions of euros. The announcement sent the Hamburg-based company’s shares plunging and delivered a fresh blow to confidence in the global metals industry after a string of high-profile scandals, including the nickel scam that recently ensnared trader Trafigura Group.
As Europe’s largest copper producer, Aurubis will play a crucial role in delivering the metals needed to push into renewable energy and electric vehicles. But just as the Trafigura case raised eyebrows in the trading world by revealing how one of the largest players missed many red flags, Aurubis’s revelations will pose tough questions for the company and Chief Executive Roland Harings about its internal controls and processes.
The company has been hit by two different and possibly connected crimes, one a few months ago involving the theft of precious metals residues, and then the shock revelation this week that it has been paying for scrap material that didn’t contain the metal it was supposed to. A spokesperson for Aurubis said it is investigating a sophisticated criminal operation involving both external suppliers and complicit employees at its main smelter in Hamburg.
“My memory of this industry goes back quite a long way, and I can’t recall any similar incidents on this kind of scale,” said Michael Lion, who’s been involved in the recycling industry for more than 50 years and is one of its most well-known figures. “The very substantial sums of money involved suggest that this was an extremely well-organized operation that could well have involved a web of conspiring suppliers.”
Aurubis has been in operation for more than a century, and traditionally it has fed its smelters by sourcing a combination of copper ore and various forms of metal scrap including electrical wiring and water pipes. However, in recent years it’s invested heavily in new production processes to extract copper and other metals from increasingly complex forms of scrap, including old circuit boards and — most recently — lithium-ion batteries.
Those investments have helped make Aurubis a rare success story in the European metals industry, and the company posted a record profit last year even as the energy crisis hammered producers of other power-intensive metals including aluminum, zinc and steel. Aurubis had previously forecast operating earnings before taxes of €450 million to €550 million for the 2022-23 financial year, which it now no longer expects to achieve.
Copper is one of the world’s most important industrial commodities, and its extensive use in construction and manufacturing has made it a bellwether for global economic activity. More recently, the focus has shifted to the massive amounts of copper that will be needed to wire the shift to green energy, with some forecasters warning of the risk of shortages and price spikes. Futures prices have fallen from the record levels reached last year but remain elevated by historical standards.
The sudden announcement and scale of the scam have sent tremors through the tight-knit network of traders and scrap processors that supply Aurubis. Speaking privately, representatives at two suppliers to Aurubis and a major scrap buyer said they hadn’t heard any rumours about issues with fraud at the company or in the broader market, even after the smaller-scale theft of semi-processed precious metals in June left the industry on high alert.
Outstanding questions
There are still a lot of questions outstanding about how Aurubis found itself with a shortfall in metal that it says could mean damages in the “low, three-digit-million-euro range.”
According to a company spokesperson, certain of its recycling suppliers appear to have “manipulated details” about the raw materials they delivered and have been working with employees in the sampling department. The company eventually discovered that metal was missing once the material was processed in Aurubis’s plant, said Angela Seidler, vice president for investor relations and corporate communications.
Suppliers typically provide an estimation of what the materials contain, she said. Aurubis also conducts a visual inspection of the shipments it receives and its labs analyze the metal content, before paying the firms on that basis.
The visual inspections, while they sound crude, can actually prove very effective in identifying sub-par batches of scrap before they enter the smelting system and regularly involve four or five employees, according to people familiar with the industry’s practices who asked not to be identified because they aren’t authorized to speak publicly. Incoming cargoes are routinely tested chemically as well, but the technical challenges in sampling varied batches of scrap mean visual inspections can be more reliable.
However, that only holds true for the more traditional forms of scrap. Visual inspections are much more difficult when it comes to the more complex material that Aurubis has recently been expanding into — for example, ground-up granules derived from waste electronics that can contain a mix of copper and other valuable metals like gold and palladium.
For those materials, smelters rely more heavily on sampling and chemical inspections, and — while the process itself is very precise — it creates a risk that complicit employees could overstate the value of the material, the people said, emphasizing that they were speaking in general terms.
The high value of the precious metals also means that large losses could theoretically rack up more quickly, and on smaller quantities of material.
Aurubis’s Seidler confirmed that the fraud was focused on particular types of scrap, but declined to comment further. The company expects to digest the impact of the losses during the current financial year and doesn’t expect an impact on its expansion plans or strategy, she said.
The company has notified the police and will now examine whether it can make a claim under a fidelity insurance policy. It has also been assisting the police and the public prosecutor’s office with the theft that occurred earlier this year, said Seidler.
“It appears to be separate from the incident in June, but it is too early to say whether or not the cases are interlinked,” she said. “In that incident, they stole high-value precious-metal bearing intermediates that are generated during the refining process, and it takes a certain knowledge and access to processing equipment to treat these materials. The people involved in that are currently in custody awaiting trial.”
(Reporting by Mark Burton and Jack Farchy with assistance from Archie Hunter).
 
 
 
...


64x64

Pope tells Chinese Catholics to be ‘good citizens’ as he hosts mass in neighboring Mongolia www.cnn.com

Pope Francis urged Chinese Catholics to be “good citizens” and “good Christians,” a rare instance of the Holy Father publicly addressing the issue of religion in China.
Francis’ seemingly off-the-cuff comments came during his Sunday Mass in the Mongolian capital of Ulaanbaatar.
The trip has been scrutinized because of both its historic nature – it is the the first ever by a Pope to the sparsely populated Asian nation – but also because of its potential geopolitical reverberations. Mongolia is sandwiched between Russia, whose invasion of Ukraine Francis has publicly criticized, and China, an atheist state where religious practice is heavily curtailed by the government.
Officially there are about 6 million Catholics in China, but the number may be higher when counting those who practice at underground churches to avoid Beijing’s watchful eye.
At the end of Mass, Pope Francis took the hands of the current Bishop of Hong Kong, cardinal-designate Stephen Chow, and his predecessor, Cardinal John Tong, calling them “brother bishops” before addressing China’s Catholics
Francis said he wanted to take advantage of their presence at his Mass in Mongolia “to send a warm greeting to the noble Chinese people.” Hong Kong’s Catholic leaders play an important role in navigating Vatican-Beijing relations, as the territory allows its citizens greater freedom of religion than in mainland China.
“To the entire people I wish the best, go forward, always progress. And to the Chinese Catholics, I ask you to be good Christians and good citizens.”
China may be officially an atheist state, but religious practice is legal in the country – albeit under tight government supervision and surveillance.
Catholicism is one of five state-recognized faiths, but state-sanctioned Catholic churches were for decades by bishops chosen and ordained by Beijing, not the Holy See, until the two sides reached an agreement in 2018. Details of the accord have never been made public.
Francis landed in Mongolia Friday for a trip that has lacked the usual fanfare of a Papal visit.
There are only 1,500 Catholics in the entire country of 3.5 million, but that number has grown significantly in the decades following country’s transformation from communist one-party rule to multiparty democracy in the 1990s. According to Vatican News, there were only 14 Catholics in the country in 1995.
The 86-year-old Pontiff spent the first day of his trip resting. He met with Mongolian political leaders on Saturday and on Sunday attended an inter-religious meeting alongside representatives from various religious communities, including Buddhists, Shamans, Muslim, Jews, and evangelicals and Russian Orthodox Christians.
CNN’s Sophie Tanno contributed to this report
...


64x64

Pope joins shamans, monks and evangelicals to highlight Mongolia's faith diversity, harmony www.euronews.com

With China's crackdown on religious minorities as a backdrop, Pope Francis joined Mongolian shamans, Buddhist monks and a Russian Orthodox priest Sunday to highlight the role that religions can play in forging world peace, as he presided over an interfaith meeting highlighting Mongolia's tradition o
Francis listened intently as a dozen faith leaders - Jewish, Muslim, Bahai, Hindu, Shinto and evangelical Christian among them - described their beliefs and their relationship with heaven. Several said the traditional Mongolian ger, or round-shaped yurt, was a potent symbol of harmony with the divine - a warm place of family unity, open to the heavens, where strangers are welcome.
The interfaith event, held at a theatre in the capital, Ulaanbaatar, came midway through Francis’ four-day visit to Mongolia, the first by a pope. He is in Mongolia to minister to one of the world’s smallest and newest Catholic communities and highlight Mongolia’s tradition of tolerance in a region where the Holy See's relations with neighbouring China and Russia are often strained.
According to statistics by the Catholic nonprofit group Aid to the Church in Need, Mongolia is 53 per cent Buddhist, 39 per cent atheist, three per cent Muslim, three per cent Shaman and two per cent Christian.
Later Sunday, Francis was to preside over a Mass in the capital's sports stadium that the Vatican had said would also be attended by pilgrims from China. One small group of Chinese faithful from Xinjiang attended his meeting at the city's cathedral Saturday. They held up a Chinese flag and chanted “All Chinese love you” as his car drove by.
The Vatican's difficult relations with China and Beijing's crackdown on religious minorities have been a constant backdrop to the trip, even as the Vatican hopes to focus attention instead on Mongolia and its 1,450 Catholics. No mainland Chinese bishops are believed to have been allowed to travel to Mongolia, whereas at least two dozen bishops from other countries across Asia have accompanied pilgrims for the events.
Hong Kong Cardinal-elect Stephen Chow was on hand and accompanied 40 pilgrims to Mongolia, saying it was an event highlighting the reach of the universal church. He declined to discuss the absence of his mainland Chinese counterparts, focusing instead on Francis and the importance of his visit to Mongolia for the Asian church.
“I think the Asian church is also a growing church. Not as fast as Africa - Africa is growing fast - but the Asian church also has a very important role to play now in the universal church,” he told reporters.
Chinese President Xi Jinping has demanded that Catholicism and all other religions adhere strictly to party directives and undergo “Sinicization.” In the vast Xinjiang region, that has led to the demolition of an unknown number of mosques, but in most cases it has meant the removal of domes, minarets and exterior crosses from churches.
The Vatican and China did sign an accord in 2018 over the thorny issue of Catholic bishop nominations, but Beijing has violated it.
...


64x64

Official Copy of Guyug Khaan's Letter to Pope Innocent IV Presented as Gift to Mongolia www.montsame.mn

The Head of State of the Holy See Pope Francis, who is on a State Visit in Mongolia, presented to the President of Mongolia Khurelsukh Ukhnaa an official copy of the letter of Guyug Khaan of the Great Mongol State, which is kept in the secret library of the Vatican. The official copy of the letter was made up to the highest quality requirements through use of advanced technology.
In his speech to the public, His Holiness Pope Francis said, that 777 years ago, at the end of August and beginning of September 1246, Pope's envoy priest John of Plano Carpini visited Guyug Khaan, the third Khaan of the Great Mongol State, and handed over the official letter of Pope Innocent IV. Soon after, the Great Khaan sent a reply letter with a seal engraved in Mongolian script, translated into many languages, which is now kept in the Vatican Library. “Today, I am respectfully presenting as a gift an official copy of this letter, made in the highest quality using advanced technology. This gift should become a symbol of the ancient friendship relations that are expanding nowadays.”
Clarification:
The Pope's emissary, Monk Plano Carpini, was one of the observers who witnessed the enthronement ceremony of the third Khaan of the Great Mongol State, Guyug, which took place in the Yellow Palace near Kharkhorin. In the fall of 1246, he presented a letter from the Pope to Guyug Khaan, demanding that the Mongols convert to the Crusader religion and confess their guilt for invading the Crusader countries such as Magyar. Consequently, Guyug Khaan not only rejected the Pope's demands and refused to convert to the Crusader religion, but the messenger returned with a letter warning the Pope to come and submit in person. Plano Carpini wrote about this in his travelogue "History of the Mongols". It is believed that Guyug Khaan's letter to the Pope had versions written in Mongolian, Persian, and Latin. In 1920, the Polish priest Krill Karalewski found a Persian letter from the Vatican archives and gave it to the researcher Masse. Masse made the first translation of the letter. Subsequently, a famous French Mongolist P. Pelliot researched and translated this letter. He published it with the Persian original, translation, and commentary and put it into research circulation.
The letter of Guyug Khaan, one meter twelve cm long, 20 meters wide, written in Persian on tarmac paper is stored in the secret archives of the Vatican, This letter, confirmed by double-stamping with the seal of Guyug Khaan of the Great Mongol State at the junction of the paper and at the end of the inscription, is a witness of 777-year history of relations between Mongolia and the Holy See, and a unique valuable heritage.
During his visit to the Vatican City in 2011, the President of Mongolia Elbegdorj Tsakhia got acquainted with valuable heritage related to the history of Mongolia, such as the letter of Guyug Khaan.
...