1 AUS-BRITISH MINER'S PLIGHT IN MONGOLIA HAS 'CHILLING EFFECT' ON INVESTMENT WWW.MININGMAGAZINE.COM  PUBLISHED:2025/04/03      2 ULAANBAATAR INTRODUCES ADVANCED AI SOFTWARE TO SUPPORT POLICE INVESTIGATION WWW.MONTSAME.MN PUBLISHED:2025/04/03      3 ION ENERGY SECURES $13.5M DEAL WWW.INSIDEMONGOLIA.MN PUBLISHED:2025/04/03      4 PROGRESS OF NATURAL GAS PIPELINE PROJECT PRESENTED TO CABINET WWW.MONTSAME.MN PUBLISHED:2025/04/03      5 ULAANBAATAR TO IMPLEMENT 24 MEGA PROJECTS UNDER INTERNATIONAL FIDIC CONTRACT STANDARDS WWW.MONTSAME.MN PUBLISHED:2025/04/03      6 INTERBANK TRANSACTIONS NOW USE IBAN NUMBERS WWW.MONTSAME.MN PUBLISHED:2025/04/03      7 MEERECOMPANY SIGNS MOU WITH THE MONGOLIAN CENTER FOR HEALTH DEVELOPMENT WWW.SURGICALROBOTICSTECHNOLOGY.COM PUBLISHED:2025/04/03      8 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      9 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      10 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      ИПОТЕКИЙН ЗЭЭЛИЙН ДААТГАЛЫН ӨӨРЧЛӨГДСӨН ЗОХИЦУУЛАЛТ VIII/01-НЭЭС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     “ASPIRE MINING” 2024 ОНД A$6.6 САЯЫН ЦЭВЭР АШИГТАЙ АЖИЛЛАСНАА ТАЙЛАГНАЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ЕАЭЗХ-ТОЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ХЭЛЭЛЦЭЭР БАЙГУУЛСНААР ДНБ-ИЙ ӨСӨЛТ 6.1 ХУВИАР БУУРАХ ЭРСДЭЛТЭЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     НИЙСЛЭЛИЙН 18 БАЙРШИЛД ОЛОН ТҮВШНИЙ УУЛЗВАР БАРИНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     ХХОАТ-ЫГ 1 ХУВЬ БОЛГОХ САНАЛЫГ ТӨСВИЙН БАЙНГЫН ХОРООНД ШИЛЖҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/03     ГЕГ: АНУ-Д ХИЙСЭН ЭКСПОРТ 2024 ОНД $166.3 САЯ БОЛЖ, ӨМНӨХ ОНООС 4.5 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ХӨСҮТ: УЛААНБУРХНЫ 253 ТОХИОЛДОЛ БАТЛАГДАЖ, 7220 ХАВЬТАЛ БҮРТГЭГДЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     “JADE GAS” КОМПАНИ "УЛААН НУУР" ТАЛБАЙДАА ХОЁР ДАХЬ ХЭВТЭЭ ЦООНОГИЙН ӨРӨМДЛӨГӨӨ ЭХЛҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02    

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

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Mongolian government wants FIA to act on Verstappen comments www.uk.motor1.com

Mongolia's UN ambassador Lundeg Purevsuren has written to Red Bull over Verstappen's 'racist and derogatory' comments.
Following his collision with Lance Stroll during the second free practice session at the Portimao circuit, Verstappen took to the radio to express his displeasure at the incident.
On the radio to his engineer, Verstappen said "Is this fu***g guy blind? What the f**k is wrong with him? Jesus Christ. What a retard. I have damage. What a mongol. I swear."
Verstappen later conceded on Friday that the words he chose were "not the right ones" and that he "never intended to offend anybody", but his comments nonetheless have resulted in groups such as Mongol Identity to release an open letter, asking for a full apology from the Dutch driver.
The Mongolian government has also sent letters to Dietrich Mateschitz, CEO of Red Bull GmbH, and Tobias Moers, CEO of Red Bull Racing's title sponsor Aston Martin, to express his disappointment with Verstappen's language over the radio.
In that letter, Purevsuren - who acts as Mongolia's ambassador to the United Nations and World Trade Organisation - said that he was "confident" that the FIA would take further action against Verstappen.
"I regret the use of racist and unethical language in public by Red Bull driver Max Verstappen during the practice of the Portuguese Grand Prix of the Formula One World Championship on 23 October 2020," reads Purevsuren's letter.
"Sport is considered a symbol of unity all over the world and I believe that there should not be any form of racial discrimination in sports.
"I support the 'We Race as One' initiative of the Formula 1 against racism. But due to the abovementioned incident, I doubt that this initiative meets the reality.
"I am confident that in order to prevent the recurrence of such unethical behaviour in sports, the International Automobile Federation (FIA) will take actions against Red Bull driver Max Verstappen for his unacceptable behaviour of repeatedly using racist and derogatory language against any ethnic groups."
Red Bull team principal Christian Horner told the BBC that he does not "condone" Verstappen's choice of language, and that he spoke to the driver internally.
"Max did not mean to cause offence," Horner said. "They were made in the heat of the moment when emotions were running high."
Red Bull has been requested for comment.
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Mongolia reports six new imported infections of COVID-19 www.menafn.com

According to a statement issued on Saturday by the Mongolian National Center for Communicable Disease (NCCD), the overall tally of patients who have tested positive for the novel coronavirus across the state has jumped to 346, as six more cases were reported during the last 24-hour period.
At a regular news briefing, the NCCD's head Dulmaa Nyamkhuu revealed that 33 patients being treated at the National Center for Communicable Diseases are in a serious condition.
The center's statement further included that a number of 313 patients have so far won the battle against the brutal coronavirus infection and been accordingly discharged from hospitals, with the number including five reported in the previous 24 hours, adding that all the confirmed cases in the East Asian nation are imported from the overseas, mostly from Russia.
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Two border checkpoints to be closed to freight services for 21 days www.montsame.mn

Ulaanbaatar /MONTSAME/. On October 30, the cabinet convened an irregular meeting and made a decision to close border crossing checkpoints with the Russian Federation – Borshoo in Uvs aimag and Tsagaanuur in Bayan-Ulgii aimag for 21 days, starting from November 2, Monday.
Deputy Prime Minister Ya.Sodbaatar informed that the decision has been made in connection with the possible risk of infection of COVID-19 amid the increasing number of confirmed coronavirus cases in Russia, an immediate neighbor of Mongolia.
In specific, as of now, a total of 30 freight truck drivers have been tested positive for the virus while in Mongolia, including two most-recent COVID-19 cases detected from Russian freight truck drivers, who arrived in Mongolia across the Tsagaannuur border point last night.
“As of today, only freight transportation of staple foods, petroleum products and animal fodder are running through border checkpoints located in the western region of Mongolia, and all border checkpoints of the country are still closed to all passenger movements due to COVID-19. However, given the current situation, the aforementioned border checkpoints will be closed completely for 21 days” says the Deputy Prime Minister.
The total number of confirmed COVID-19 cases in Mongolia is now 340, all of them are ‘imported’ or detected from people who arrived from abroad and were placed under mandatory isolation. No local transmission has been detected in the country.
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ADB to help manage food insecurity risks in Mongolia amid supply disruptions caused by COVID-19 www.montsame.mn

Ulaanbaatar /MONTSAME/. On 29 October, The Asian Development Bank (ADB) has approved a $410,000 technical assistance (TA) grant to help manage food insecurity risks amid supply disruptions caused by the coronavirus (COVID-19) disease pandemic in Mongolia.
“Together with its severe economic impacts, the COVID-19 pandemic disrupted food supply chains and increased the risks of food insecurity in Mongolia,” said ADB Director for Environment, Natural Resources, and Agricultural Development in East Asia Qingfeng Zhang.
“With this TA, ADB's first focusing on assessing and mitigating the impact of pandemic on food supply chain disruptions, we aim to develop rapid response mechanisms to address food insecurity risks during the pandemic.”
The poor, on average, spend 43% of their household expenditure on food and are particularly vulnerable to increases in food prices. The pandemic’s adverse shocks of increased food prices and reduced household incomes exacerbate the risk of malnutrition among Mongolia’s vulnerable and poor households.
Three in four poor households were negatively affected by the high prices of major food items. The strict quarantine measures and trade disruptions made maintaining food supply chains challenging. In April 2020, 58% of farm households were unable to sell products because of logistical disruptions.
Aside from the COVID-19 pandemic, Mongolia faces a range of food insecurity risks, including extreme weather, natural hazards, pests, and diseases. Mongolia has one short growing season so not having a timely supply of agricultural production inputs would disrupt grain production.
The vulnerabilities of Mongolia’s food supply chain are likely to exacerbate supply disruptions during the crisis including a weak logistical and storage network, weak biosecurity and food safety arrangements, poor access to financial services among small and medium-sized enterprises and small-scale herders, and high dependency on food imports from the Russian Federation and the People’s Republic of China.
In addition to preparing a short-term response, the TA will assess the vulnerabilities of Mongolia’s food supply chains, provide policy advice, build capacity to manage a wide range of food insecurity risks beyond the COVID-19 pandemic, and assist in preparing medium- to long-term strategy and action plan to establish more resilient food supply chains and reduce food insecurity risks.
The TA will also support a feasibility study to establish a price monitoring system along food supply chains and emergency stock systems, and dialogue among public and private stakeholders to form coordinated actions to build more resilient food supply chains including the application of digital technologies.
The TA is estimated to cost $410,000, of which $400,000 will be financed on a grant basis from ADB’s Technical Assistance Special Fund. The Government of Mongolia will provide counterpart support.
The TA complements other ADB COVID-19 assistance to Mongolia, which includes a $15 million loan to support the wheat supply chain in Mongolia during the COVID-19 pandemic, a $100 million COVID-19 Pandemic Response Option, $30 million in additional financing for the Fifth Health Sector Development Program, and a $26.4 million loan to lessen the socioeconomic impacts of the pandemic through the Shock-Responsive Social Protection Project.
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Revenue from gold export increased by USD 800 million compared to previous year www.montsame.mn

Ulaanbaatar /MONTSAME/ Revenue from gold export has increased by USD 800 million compared to the same period of previous year, the Bank of Mongolia reports. As of October 20, the Central Bank purchased 18.9 tons of precious metals and it is a seven ton rise compared to the same period of last year.
The Central Bank made an estimation to raise foreign currency reserve by USD 1.2 billion this year by purchasing 21 tons of precious metals. The amount of foreign currency reserve reached USD 3 billion and 697 million at the end of September, showing an increase of 1.2 percent from the previous month. The Central Bank is providing soft-loan financing to gold mining companies within the framework of “Gold-2” program.
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Agreement for USD 100 million loan from Asian Infrastructure Investment Bank ratified www.montsame.mn

Ulaanbaatar /MONTSAME/. During its plenary session of October 29, State Great Khural – the parliament of Mongolia ratified a USD 100-million loan agreement between Mongolia and Asian Infrastructure Investment Bank (AIIB).
The USD 100 million loan to Mongolia aims to support its COVID-19 Rapid Response Program and mitigate the adverse health, social and economic impacts caused by the pandemic and to alleviate poverty.
AIIB’s first project financing in Mongolia, the policy-based loan is provided under the Bank’s COVID-19 Crisis Recovery Facility (CRF) and has payback period of 16 years and annual interest of 1.1 percent.
AIIB’s loan is co-financed with the Asian Development Bank (ADB) and will provide budgetary support to the government’s countercyclical development expenditure program, which targets funding for public health, social protection for vulnerable groups, support to businesses and fiscal stimulus measures.
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Mongolia to receive USD 20 million credit from International Development Association www.montsame.mn

Ulaanbaatar /MONTSAME/. During its plenary session of October 29, State Great Khural – the parliament of Mongolia ratified an agreement between Mongolia and the International Development Association (IDA) on USD 20 million credit for the Mongolia Emergency Support and Employment Support Project.
The project will provide temporary relief to eligible workers and employers in response to the COVID-19 crisis and help provide the country’s jobseekers and micro-entrepreneurs with improved access to labor market opportunities through financial and nonfinancial support.
It will also support upgrading of selected labor and social welfare institutions to help jobseekers find jobs more efficiently. Activities will include modernization of physical infrastructure, streamlined work organizations, improvements to information systems, and better use of labor market information in decision making.
The project will be built on the activities being implemented under the existing World Bank Employment Support Project, which was restructured in early May 2020.
The USD 20 million credit will have annual interest rate of 1.25 percent and payback period of 30 years.
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EU-funded projects now exempt from customs duties, taxes www.montsame.mn

Ulaanbaatar /MONTSAME/. During its plenary session of October 29, State Great Khural – the parliament of Mongolia ratified general agreement between the Government of Mongolia and European Union on taxation and customs regulations applicable for European Development Fund and European Union-funded projects in Mongolia.
A Financing Agreement for the European Union Budget Support programme with a grant of EUR 50.8 million was established, building upon the achievements of past and ongoing EU projects in the two sectors within the 2014-2020 multi-annual indicative programme.
This first budget support programme of EU in Mongolia will support the government in implementing reforms, notably its employment policy and its public finance management sectors, including tax reforms.
In the scope of the programme, the Government of Mongolia and European Union have developed the Mongolia-EU general agreement on taxation and customs regulations applicable for European Development Fund and European Union-funded projects in Mongolia.
The general agreement provides exemptions from customs duties, value-added taxes and other relevant taxes levied on projects to be implemented in Mongolia with funding from the European Union.
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Investors worth $10.2 trillion press global miners for indigenous engagement talks www.reuters.com

Institutional investors worth $10.2 trillion have written to the boards of global mining companies to better understand their engagement with First Nations people, in the wake of Rio Tinto Ltd’s destruction of Juukan Gorge rockshelters.
The group of 64 investors and their representatives, including the Church of England Pensions Board and the Australian Council of Superannuation Investors (ACSI), issued a statement on Thursday.
The group has written to the boards of mining companies operating in Australia and internationally to seek assurances about how they gain their social licence to operate with First Nations and Indigenous communities, they said.
“Our collective long-term investment means that we need to have real confidence in how the sector obtains and maintains its social licence to operate with First Nations and Indigenous peoples,” the group said in a statement.
“The events at Juukan Gorge have shown this is a significant risk for investors and have prompted us all to take a deeper look at how relationships between companies and First Nations and Indigenous peoples are formed and function over the long period of mine operation and remediation.”
The letter was sent to the boards of 78 mining companies including Australian iron ore miners Rio Tinto, BHP Group Ltd and Fortescue Metals Group Ltd, as well as to others such as Barrick Gold Corp, Glencore PLC and Brazil’s Vale SA..
Australia has a parliamentary inquiry ongoing into the Juukan Gorge disaster, in which Rio Tinto legally blew up two sacred and historically significant rockshelters in Western Australia to expand an iron ore mine in May.
The inquiry is investigating issues around how mining companies obtain consent from Aboriginal groups in a process that was revealed to have restricted them from objecting to development on their ancestral lands. It will visit the destroyed sites on Monday.
Public outcry over the deep distress of the Puutu Kunti Kurrama and Pinikura people, and a push by institutional investors, saw three Rio executives including Chief Executive Jean-Sébastien Jacques lose their jobs.
Since then, other miners such as BHP and Fortescue have been reviewing their heritage management strategies, while planning laws in Western Australia that allowed for the destruction of the sites is under reform.
(By Melanie Burton; Editing by Tom Hogue and Christopher Cushing)
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TMH locomotives arrive in Mongolia www.railwaygazette.com

MONGOLIA: Ulaanbaatar Railway took delivery of two more TEM18DM diesel shunting locomotives from Transmashholding subsidiary Bryansk Engineering Plant on October 22.
Under a contract signed in 2019, Bryansk is due to supply 10 TEM18DMs and 14 2TE25KM two-section diesel locomotives for main line freight services. All are due to be delivered by mid-2021. The national railway already has 15 TEM18DMs delivered in 2011-19 and 15 2TE25KMs supplied in 2017-20.
Owned jointly by the governments of Mongolia and Russia, with the Russian stake managed by RZD, the 1 520 mm gauge Ulaanbaatar Railway reported a total freight volume of 27 million tonnes in 2019, a 4% increase on the previous year.
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