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    

Events

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

NEWS

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Special purpose company established for feasibility study of gas pipeline project www.montsame.mn

Ulaanbaatar /MONTSAME/. A Memorandum of Understanding (MoU) on the establishment of a joint Mongolian-Russian special purpose company to develop a feasibility study of the project on building pipelines between Russia and China going through the territory of Mongolia was signed today. The MoU was signed by Deputy Prime Minister of Mongolia Ya.Sodbaatar and Deputy Chairman of the Board of Directors and the Chairman of the Management Committee A.Miller on behalf of their respective Governments.
The participants of the meeting noted that the realization of the project to build Power of Siberia-2 gas pipeline connecting Russia and China though the territory of Mongolia, which will transport 50 billion cubic meters of natural gas a year to China, has taken a step forward.
The meeting reviewed the implementation of the bilateral joint plan and agreed on further measures and activities to be taken by the sides. Next week, a “Confidentiality Agreement” will be established between Gazprom PJSC and Erdenes Mongol LLC.
At the request of the Russian side, Prime Minister of Mongolia U.Khurelsukh took part in the virtual signing ceremony and delivered an address.
In his address at the signing ceremony, PM U.Khurelsukh highlighted that the signing of a Memorandum of Understanding on jointly exploring the possibilities of implementing the project was one of the most important results of his official visit to Russia in December 2019.
Emphasizing that the successful implementation of the project is significant to not only enrich the comprehensive strategic partnership between Mongolia and the Russian Federation but also advance bilateral cooperation to a new level, the PM pledged to put special attention to the progress of the project and provide relevant support and assistance.
Gazprom PJSC, China National Petroleum Corporation (CNPC) and Erdenes Mongol LLC are working on the implementation of the project, reports the Media and Public Relations Department of the Government.
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US-China trade deal is still alive & making progress despite escalating tensions, officials say www.rt.com

Global markets remained steady on Tuesday after Washington and Beijing reaffirmed their commitment to their historic trade agreement even as the two economic giants have disagreements on multiple fronts.
Top US and Chinese officials in charge of the implementation of the trade deal – Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – continued telephone discussions on Tuesday. The trade talks, originally scheduled for August 15, became the first formal conversation on the matter between the two sides since early May.
READ MORE
Rising US-China tensions create unthinkable additional burden on American economy – Professor Wolff to Boom BustRising US-China tensions create unthinkable additional burden on American economy – Professor Wolff to Boom Bust
In brief statements after the talks, both delegations described the deal’s progress as positive. China's Ministry of Commerce said that Beijing had “a constructive dialogue” with Washington, adding that the sides agreed “to continue pushing forward” the Phase 1 trade deal.
The US Trade Representative’s office (USTR) confirmed that the two countries are committed “to taking the steps necessary to ensure the success of the agreement.” However, Lighthizer's office also noted that the significant increases in purchases of US products by China were also part of the discussion, together with “future actions needed to implement the agreement.”
The call came as investors globally raised concerns over increasing tensions between the two economic superpowers. Chinese stocks ended slightly lower on Tuesday, with Hong Kong’s Hang Seng sliding around 0.2 percent and Shanghai Composite falling 0.4 percent. Elsewhere in Asia, stocks were trading higher, including in Japan, with its Nikkei 225 gaining around 1.4 percent.
Meanwhile, European stocks moved slightly higher, with markets in Britain, Germany and France trading in positive territory.
The Trump administration continues to attack Beijing over a slew of issues – from the handling of the Covid-19 outbreak to national security threats allegedly posed by Chinese tech companies. The last escalation saw Chinese tech firm ByteDance filing a lawsuit challenging the US government’s crackdown on its video app TikTok, which faces the threat of a ban in the US.
Chip supplier Qualcomm seeks to avert ‘costly’ US ban on exports to Huawei – report
Washington also says Beijing is not holding up its end of the bargain in the trade deal amid the coronavirus pandemic. According to the agreement signed in January, China is supposed to buy $77 billion in additional US goods and services in 2020 and $123 billion in 2021 to meet the $200 billion total. Trade data suggests that China is far from reaching the target, despite recently boosting American farm goods purchases, including soybeans. According to the Peterson Institute for International Economics, China’s year-to-date total imports of covered products from the US stood at $40.2 billion, meaning that its compliance is less than 50 percent
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Covid-19: South Korea closes Seoul schools amid rise in cases www.bbc.com

South Korea has ordered the closure of all schools and kindergartens in the greater Seoul area following a rise in coronavirus cases there.
Nearly 200 staff and students have been infected in the greater Seoul area over the past two weeks.
Remote learning will continue until 11 September, the Ministry of Education said.
Health authorities have warned that the country is on the brink of a nationwide outbreak.
All students in the greater Seoul area, home to over 25 million people, will now take classes online with the exception of those in their final year of high school who are due to take university entrance examinations in December.
Schools with fewer than 60 students and special education schools are allowed to choose whether to follow the ministry's guidelines, the Korea Times said.
Most of South Korea's schools reopened in stages between 20 May and 1 June after cases in the country appeared to fall.
South Korea has reported 310 deaths and 17,945 cases since the pandemic began, according to data from Johns Hopkins University.
The country had been viewed as one of the world's coronavirus success stories for its management of the disease - however in recent weeks infections in the country, particularly the greater Seoul area, have increased.
On Tuesday, 280 new Covid-19 cases were reported - the 12th day of triple digit increases in a country used to case numbers below 30.
Many of the new infection clusters are linked to a number of right-wing Protestant churches whose members took part in a mass rally in Seoul just over a week ago.
Authorities in Seoul have ordered masks to be worn in indoor and outdoor public places for the first time. Churches, nightclubs and karaoke bars have also closed.
The government has warned that if cases continue to rise, tougher social distancing rules could be enforced. It could mean that many businesses across the country would have to close for the first time during the pandemic.
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Rio Tinto’s weak response to cave blasts will trigger stronger reaction www.mining.com

(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters)
Rio Tinto may have inadvertently triggered the law of unintended consequences with its blasting of an Aboriginal heritage site at one of its Australian iron ore mines, and the subsequent slap on the wrists for some senior executives.
The board of Rio cut the bonuses of three senior executives including Chief Executive Jean-Sébastien Jacques as part of the company’s review into the destruction of two historically significant caves in Western Australia state, against the wishes of the Aboriginal traditional owners.
Rio, which overtook Brazil’s Vale as the world’s biggest iron ore miner last year, destroyed the Juukan Gorge caves in May as part of an expansion of its Brockman 4 mine.
hile the blasting met legal requirements, Rio has faced a public and investor backlash for allegedly putting profits ahead of heritage, a view amplified by the revelation that the company had alternatives to destroying the caves but chose not to pursue them.
The Rio board review said there was no single “root cause or error” that resulted in the destruction of the caves, rather it was a “series of decisions, actions and omissions over an extended period of time.”
The board recommended improving procedures and setting up new processes to ensure this type of incident doesn’t happen again.
The board’s review likely fails what Australians refer to as the “pub test,” which means whether the average patrons of a typical bar believe the actions are reasonable and appropriate.
The loss of about $3.7 million in bonuses for the three executives is a very mild punishment, given their level of remuneration and the fact that Jacques, along with head of iron ore Chris Salisbury and Simone Niven, the executive responsible for corporate relations, bear responsibility for what has become a public relations disaster for the company.
The board’s soft-pedalling of the cave destruction was condemned by shareholder advocacy group the Australasian Corporate Centre for Responsibility, and several institutional investors.
While Rio will no doubt hope the issue blows over with the passage of time, it’s more likely that it leads to a renewed focus on environment, social and governance (ESG) issues.
Shareholders are becoming increasingly aware of the financial risks of companies that are viewed as not having leading ESG programmes and a culture of doing the right thing.
Social licence to operate, along with climate change, comes up often as the top concerns for miners, with a survey last year by consultants EY showing 44% of mining executives viewed keeping a social licence as their top concern.
Miners to change
Unfortunately, the Rio incident with the Juukan caves shows that miners may still have some way to go in order to be seen to be placing ESG issues at the heart of their operations.
Rio isn’t alone in this, with other leading mining companies seeming to fall short in this area, despite public commitments that it is their top priority.
Like Rio’s corporate affairs boss Niven, other miners have executives listed as having responsibility for ESG issues, such as outgoing BHP external affairs chief Geoff Healy, Tim Langmead at Fortescue Metals Group, Anik Michaud at Anglo American and Luiz Osorio at Vale.
Glencore is unusual among major miners in not having an executive with ESG responsibilities listed on its website.
But merely having an executive named doesn’t mean these people are among the most important decision makers in the companies they work for.
All the executives’ names above have additional responsibilities and none of them have a public profile worth speaking about.
In effect, they are largely invisible and take little or no public part in the debate over ESG issues.
This hardly speaks to mining companies that appear to view ESG issues as front and centre of their existence.
For companies to be taken seriously, it would likely take the appointment of senior executives, with real power over the decision-making process, to become involved in placing ESG at the heart of each company’s mission.
If Rio had somebody like this, somebody could have stopped the blasting even if the CEO wanted it to proceed, somebody who understood that the negative optics of blowing up the caves considerably outweighed the potential profits, then it may have avoided the current mess.
However, it’s likely that ongoing shareholder demands for increased ESG accountability, coupled with activism by interest groups, will force miners down the path of making ESG more than just the current statements of principle.
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WBC ranking update, “King Tug” climbs to top spot in featherweight www.montsame.mn

Ulaanbaatar /MONTSAME/. Silver medalist of London-2012 Summer Olympics, State Honored Athlete Tugstsogt “King Tug” Nyambayar (11-1-0, 9KOs) will face Mexican boxer Eduardo “Zurdito” Ramirez (23-2-3, 10KOs) for 12-round bout on September 19 in Uncasville, Connecticut at “Mohegan Sun Arena”.
After becoming the IBO (International Boxing Organization) Featherweight Champion in 2019, N.Tugstsogt challenged WBC featherweight titlist Gary Russel Jr. in February, 2020 whom he lost by unanimous decision, losing for the first time in his professional boxing career.
The WBC (World Boxing Council), last week, updated the rankings of boxers, announcing Tugstsogt’s top spot in featherweight.
Specifically, Jessie Magdaleno (28-1, 18KOs), who formerly held the number one spot in featherweight ranking, is now scheduled to fight Emanuel Navarrete (32-1, 28KOs) for the vacant World Boxing Organization (WBO) featherweight title this October which elevated Tugstsogt’s ranking to the top spot.
If Tugstsogt wins his fight against Eduardo Ramirez, he will be able to challenge Gary Russel Jr. once more for the WBC title.
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Mongolia brings home nearly 18,400 nationals due to COVID-19 pandemic: official www.xinhuanet.com

Around 18,400 Mongolian nationals stranded abroad due to the COVID-19 outbreak have been brought back home so far, the Mongolian Foreign Ministry said Monday.

"Since the COVID-19 outbreak, Mongolia has evacuated a total of 18,392 nationals on chartered flights and buses or trains from 53 countries across the globe," Lkhanaajav Munkhtushig, director general of the consular department at the ministry, told a press conference.

Meanwhile, a total of 12,461 Mongolian nationals staying abroad have applied to return home so far, said Munkhtushig.

As of Monday, Mongolia has confirmed 298 COVID-19 cases, with no local transmissions or deaths. Enditem

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China's steel output jumps to new record high in July as demand recovers www.rt.com

As the world’s second largest economy recovers from the coronavirus pandemic, its steel sector reached record high output last month, according to fresh industry data.
China produced 93.36 million tons of crude steel in July, or 3.05 million tons a day, which is over nine percent more than it did over the same period last year, Chinese media reported on Monday citing the China Iron and Steel Association (CISA). The figures coincide with data from the National Bureau of Statistics (NBS), released earlier this month.

July crude steel output exceeded the previous monthly record of 92.27 tons set in May. From January to July, China churned out 593.17 million tons of crude steel, with production rising 2.8 percent year-on-year, the NBS data showed.

According to the CISA, year-on-year production of pig iron rose 8.81 percent to 78.18 million tons last month, while rolled steel output was up 9.87 percent to 116.89 million tons.

China is the world’s top steel producer, but domestic consumption and exports dropped sharply at the beginning of the year as Covid-19 lockdowns paralyzed most industries. This resulted in huge losses for most manufacturers, including steelmakers. To offset the impact of the coronavirus outbreak, the Chinese government unveiled a massive stimulus package, including massive public infrastructure investment that eventually had a positive impact on steel production.

“As macro policies supporting growth consolidate economic recovery momentum, demand for steel in the downstream industry is expected to continue to grow,” the CISA said in a report.

China has become the first major economy to show signs of recovery and avoid recession amid the coronavirus pandemic. After the devastating first three months of the year, when the nation’s economy contracted by 6.8 percent, its gross domestic product (GDP) gained 3.2 percent in the second quarter.

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Preparations being laid out for regular direct flights en route Prague-Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/. On August 21, Minister of Road and Transport Development L.Khaltar received Ambassador of the Czech Republic to Mongolia Jiří Brodský and Head of the Commerce and Economic Section at the Embassy Iva Šustáková.

At the meeting, Minister L.Khaltar put forth a request for support in accelerating the work on the agreement between the two governments on international road transport relations to be established between the Transport Ministries of the two countries. He also expressed his interest in preparing civil aviation specialists in the Czech Republic, and inviting Czech specialists to Mongolia to organize training in aims of utilizing the old airport as a repair center and training base as well as an airport to receive chartered flights for reasons such as medical emergencies.

Noting the 70th anniversary of the establishment of diplomatic relations between Mongolia and the Czech Republic, the Minister highlighted the development of bilateral relations and partnership in various sectors. He then underlined the successful organization of a direct flight en route Prague - Ulaanbaatar to bring back Mongolia nationals, expressing gratitude to the Ambassador as well as the embassy staff and the Czech government for providing support in conducting the flight that brought back 249 citizens from Czech and other European countries.

Despite the establishment of an agreement on direct flights between Mongolia and the Czech Republic in 2017, direct flights have yet to be officially conducted. Thus, the charter flight is considered to be the beginning of regular direct flights to be organized in the future, he highlighted.

In turn, Ambassador J.Brodský emphasized the opportunity to comprehensively resolve several matters in the transport sector by implementing various projects on new railroads as well as renovation of local airports. Noting the direct flight’s significance due to the number of Mongolian nationals living in the country, he then expressed readiness in providing the airline company, ‘Eznis Airways’, that acquired the right to conduct direct flights to the country with the necessary preparations.

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Mongolia in the third in the world with its liver transplant treatment www.montsame.mn

Ulaanbaatar /MONTSAME/ The 100th liver transplant surgery has been performed successfully by a team of the Organ Transplant Center of the State Central First Hospital and a ceremony for glorifying the team as recording in an honorary book of the hospital took place last Friday, August 21 at the hospital.

Liver transplant surgery is the only treatment for the patient, whose liver disease is in its final stage, to save his/her life and make healthy. And liver transplant surgery has been operated 100 times successfully on 98 people in total in Mongolia.

Since the introduction of liver transplant surgery, the youngest person, who has received the surgery, was a 20-month-old baby while the eldest patient was a person aged 62.

During the event, leader of the liver transplant team at the State Central First Hospital, doctor (Sc.D), professor, Honored Medical Doctor O.Sergelen remarked that Mongolia has striven for introducing treatment methodology of liver transplant surgery and satisfying international standards and the country is placed the third in the world with its liver transplant treatment today. We have introduced and naturalized all technologies being used in liver transplant surgery in developed countries. “With introduction of liver transplant surgery in the home country, MNT 23 billion has been saved in state budget,” Ms. O.Sergelen said.

More specifically, since the introduction of the surgery, MNT 65 million are allocated from the state budget for liver transplant treatment and MNT 20 million from Insurance for High-Cost Medical Equipment. And MNT 7-10 million is paid by the patient and the money has played pivotal role in development of liver transplant surgery.

The first liver transplant surgery from a live donor was successfully performed in Mongolia on September 24, 2011 in collaboration with physicians from ASAN Medical Center of the Republic of Korea and Mongolia has become the 46th country that has introduced liver transplant surgery.

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9 people treated from COVID-19 in Mongolia www.akipress.com

One more person recovered from coronavirus in Mongolia on August 23, 289 in total, Ministry of Health reported.

Mongolia carried out 399 tests for coronavirus yesterday. All showed negative results.

9 patients are receiving treatment from COVID-19 in National Center for Communicable Diseases.

The total number of cases is 298. All arrived from abroad.

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