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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Events

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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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Foreign trade turnover decreased by 16.7 percent www.montsame.mn

Ulaanbaatar /MONTSAME/ As of the first seven months of this year, total foreign trade turnover reached USD 6.7 billion, showing a decrease of USD 1.4 billion or 16.7 percent drop compared to the same period of last year. Export exceeded import by USD 846.6 million and foreign trade balance has shown positive result, the Customs General Administration reported.

Goods and raw materials worth USD 3.8 billion have been exported in the first seven month, which is a decreased performance by 17.1 percent compared to the same period of the previous year.

Exports of mineral products made up of 65.1 percent of the total export, exports of pearl, precious and semi-precious stones, precious metal and jewelry 28.5 percent, exports of raw and processed hides, skins, fur and articles 0.2 percent and exports of textiles and textile articles 3.8 percent, respectively.

Crude oil, iron ore, copper concentrate and zinc concentrate accounted for 100 percent and stone coal accounted for 96.3 percent of total export to China, flour spar accounted for 75.5 percent of export to China, 24.1 percent of export to Russia, combed wool accounted for 81.5 percent of total export to Italy, washed goat cashmere accounted for 100 percent of total export to China, semi-processed gold accounted for 4.9 percent of total export to Great Britain, 5.8 percent of export to Singapore and 89.3 percent of export to Switzerland separately. The aforementioned export goods made up of 92.8 percent of the total exports.

Mongolia has exported its goods to 60 countries and China has taken up 68 percent of it, Switzerland 25 percent, Great Britain 2 percent and Singapore 2 percent respectively.

 
 
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Officials acquainted with preparations for new international airport www.montsame.mn

Ulaanbaatar /MONTSAME/. The 25th joint meeting between the Civil Aviation Authority of Mongolia (MCAA) and ‘New Ulaanbaatar International Airport’ LLC took place at the Chinggis Khaan International Airport in Khushigt Valley on August 6.

A resolution on measures to be taken to launch the operations of the new international airport of Ulaanbaatar city before October 1, 2020 was approved by the Government in June. To ensure preparations in correspondence with the resolution, the aforementioned meeting was held with officials led by Deputy Director of MCAA B.Altantsom in attendance.

At the meeting, the MCAA Deputy Director highlighted the importance of all staff members to use face masks, regularly disinfect spaces, and follow health regulations in aims of protecting them from infection during the time of the pandemic. He then reminded the officials to involve corresponding representatives of MCAA for the Operational Readiness and Airport Transfer test in the framework of the preparation work.

Following the meeting, they became acquainted with the progress of the preparation measures being implemented by ‘New Ulaanbaatar International Airport’ LLC.

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Moody’s reviews ratings of Mongolian Mortgage Corporation www.news.mn

Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of the Mongolian Mortgage Corporation HFC LLC and other ratings that are associated with the same analytical unit. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.

Key rating considerations are summarised below:

The Mongolian Mortgage Corporation’s B3 Corporate Family Rating reflects its strong asset quality, moderate capitalisation and stable profitability as the sole mortgage servicer for the government’s affordable housing finance program. The company’s key credit weaknesses are its elevated counterparty risks due to its exposure to commercial banks in Mongolia and the Bank of Mongolia, its credit concentration to the Mongolian residential property sector and its weak liquidity.

Mongolian Mortgage Corporation’s B3 rating does not incorporate any uplift for government support because the company’s standalone assessment of b3 is at the same level as the Mongolian government’s B3 issuer rating. Nevertheless, Moody’s expects a high level of support from the government of Mongolia in times of stress. Moody’s assumption of support is based on Mongolian Mortgage Corporation’s close linkages with the central bank and the government, direct and indirect government ownership; and high systemic importance to Mongolia’s financial sector.

This document summarises Moody’s view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.

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Currency swap agreement extended for three years www.montsame.mn

Ulaanbaatar /MONTSAME/. The bilateral currency swap agreement between the Bank of Mongolia and the People's Bank of China has been successfully renewed on July 31 for another 3 years until 2023.

Until its recent renewal, the agreement was established between the banks with the currency swap amount of CNY 15 billion or MNT 6 trillion to support trade and economic cooperation between the two countries.

It was first signed between the banks in 2011 for CNY 10 billion. Then, in 2014, the amount was increased by CNY 5 billion and the term was extended for 3 years. In 2017, only the term of the agreement was extended by 3 years.

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Mongolia's coal export drops nearly 50 pct amid COVID-19 pandemic www.xinhuanet.com

Mongolia exported a total of 11.2 million tons of coal in the first seven months of this year, a decrease of 46.4 percent compared to the same period last year, according to official data on Tuesday.

The sharp decline, said the Mongolian Customs General Administration, is largely due to the COVID-19 pandemic.

In a bid to boost cooperation with China amid the pandemic, Mongolia has introduced a temporary regulation called Green Gateway, which came into effect on Saturday, according to the Mongolian Ministry of Mining and Heavy Industry.

Minister Gelen Yondon said he hopes the regulation will help Mongolia increase its export of mining products, such as coal and copper concentrates, to China. Enditem

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Microsoft says it is still talking with Trump about buying TikTok from its Chinese owner www.cnn.com

New York (CNN Business)Microsoft says it is still discussing a potential purchase of TikTok, days after President Donald Trump said he would ban the popular short-form video app from operating in the United States.

In a blog post Sunday, Microsoft (MSFT) said its CEO Satya Nadella has talked with Trump about buying the app, which is owned by Chinese start-up ByteDance. US policymakers have for weeks expressed concerns about the app as tensions between the United States and China escalate, with many asserting that it could pose a national security risk.
'Everyone is going cray cray': TikTok users freak out over possible US ban
'Everyone is going cray cray': TikTok users freak out over possible US ban
"[Microsoft] is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury," the company said, adding that it will "move quickly" to talk with ByteDance "in a matter of weeks."
"During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President," the company added.
The Washington State-based firm's blog post suggests TikTok could avert the ban that Trump threatened Friday night, when he said he could use emergency economic powers or an executive order to block the app from operating in the United States. Microsoft's remarks also come after the Wall Street Journal reported that the company's talks with ByteDance had been put on hold after Trump's comments.
A deal would create a new structure wherein Microsoft would own and operate TikTok services in the United States, Canada, Australia and New Zealand. As part of the agreement, Microsoft said it would ensure that all private data of TikTok's American users would be transferred to and remain in the United States.
TikTok has previously stressed that its US user data is already stored on US-based servers and backed up in Singapore, and is therefore not subject to Chinese law as some US officials have feared.
"This new structure would build on the experience TikTok users currently love, while adding world-class security, privacy, and digital safety protections," Microsoft said. "The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries."
The company added that "in any event" it would finish talking with ByteDance no later than September 15.
ByteDance did not immediately respond to a request for comment about the Microsoft post. But the company said in a statement published Sunday on Toutiao, the Chinese social media site it owns, that it "has always been committed to becoming a global company."
"In this process, we are faced with all kinds of complex and unimaginable difficulties," the company added. It cited a "tense international political environment," among other issues.

It from Disney's king of streaming to fighting for TikTok's life
"But we still adhere to the vision of globalization and continue to increase investment in markets around the world, including China, to create value for users around the world," ByteDance said. "We strictly abide by local laws and will actively use the rights granted to us by the law to safeguard the legal rights of the company."
TikTok did not respond immediately to a request for comment Sunday night, but a TikTok spokesperson said in a statement to CNN Business on Saturday that it is "confident in the long-term success" of the app. The company has hired nearly 1,000 people to its US team this year, and plans to hire another 10,000 employees across the United States, the spokesperson said. It also recently announced a "Creator Fund" to lure top talent to create content for the app.
Beijing, meanwhile, blasted Washington after Trump floated a ban.
"The US has been stretching the concept of national security, without any evidence, and only based on presumption of guilt. It is threatening certain businesses," Ministry of Foreign Affairs spokesperson Wang Wenbin told reporters Monday. "China is firmly opposed to this."
TikTok could be the "right partner at the right time" for Microsoft, according to Wedbush Securities analyst Daniel Ives, who pegged the app's valuation at roughly $50 billion. (He added, though, that TikTok's value could be hurt considerably if it were to be shut down.)
Ives added that if the sale is successful, Microsoft would also receive a social media "crown jewel" at a time when tech peers like Facebook (FB) and Google (GOOGL) parent Alphabet are facing regulatory scrutiny, making it difficult for them to consider Tiktok.
— Shawn Deng, Jill Disis and Isaac Yee contributed to this report.

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Global coal power falls for first time even as China builds more www.mining.com

Global coal-fired power capacity edged down for the first time on record in the first half of 2020 as retirements accelerated and the coronavirus saw new projects put on hold.

The closing of plants, especially in Europe and the U.S., outpaced the start of new units, more than 60% of which were in China, according to a report by Global Energy Monitor. The net decline of 2.9 gigawatts may be small, at just over 0.1% of the world’s coal generation capacity, but marks a turning point in the burning of the dirtiest fossil fuel to produce electricity.

“The Covid pandemic has paused coal plant development around the world and offers a unique opportunity for countries to reassess their future energy plans and choose the cost-optimal path, which is to replace coal power with clean energy,” said Christine Shearer, program director for coal at Global Energy Monitor.

As developed economies in Europe and North America increasingly shift toward cleaner energy sources, mining companies are looking to fast-growing Asian countries to shore up demand for the heavy polluting fossil fuel. Still, world coal demand is set for its biggest annual drop since World War II as economic activity plunges due to coronavirus lockdowns, the International Energy Agency said in April.

The pace of new construction in Asia is slowing, with countries including Bangladesh and Vietnam considering restricting or deferring new coal plants, according to Global Energy Monitor, which gathers information from public sources, such as media articles, and non-government agencies.

China’s coal power expansion would exacerbate overcapacity, according to the report, which cited a study from the University of Maryland that projected the average utilization rate for the country’s coal plants could drop to 45% by 2025.

The United Nations has called for a moratorium on new coal plant builds by 2020 to help meet Paris climate agreement targets, yet there is still around 190 gigawatts of capacity under construction worldwide, according to GEM.

(By James Thornhill)

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U.S. FAA lays plan for Boeing 737 MAX's return; hurdles remain www.reuters.com

WASHINGTON/SEATTLE (Reuters) - The U.S. Federal Aviation Administration said on Monday it is proposing requiring four key Boeing Co (BA.N) 737 MAX design and operating changes to address safety issues seen in two fatal crashes that led to the plane’s grounding in March 2019.

The agency is issuing a proposed airworthiness directive to require updated flight-control software, revised display-processing software to generate alerts, a revision of certain flight-crew operating procedures and changes in the routing of some wiring bundles.

While the measures align with those expected by Boeing and aerospace analysts for months, the announcement comes after a series of delays and sets in motion the final sequence of events that could lead to the FAA lifting a grounding order on the plane later this year.

There are still a number of hurdles, including collecting public comments on the changes for 45 days, and finalizing a new set of pilot-training procedures. Transport Canada and Europe’s EASA have their own concerns.

Given the work left, it remains unclear whether U.S. flights will resume before year-end.

Boeing shares closed 2.7% higher on Monday, while the Dow Jones Industrial Average was up nearly 1%.

In response to the FAA’s proposal, Chicago-based Boeing said it was “continuing to make steady progress towards the safe return to service, working closely with the FAA and other global regulators.”

The FAA said in a separate 96-page report on Monday it “has preliminarily determined that Boeing’s proposed changes to the 737 MAX design, flightcrew procedures and maintenance procedures effectively mitigate the airplane-related safety issues.” The airworthiness directive seeks to require Boeing changes.

The crisis over the grounding of the once top-selling 737 MAX has cost the U.S. planemaker more than $19 billion, slashed production and hobbled its supply chain, with criminal and congressional investigations still ongoing.

The FAA’s review has taken more than 18 months and included more than 40 full-time engineers, inspectors, pilots, and technical support staff. To date, the FAA has conducted more than 60,000 hours of review, certification testing, and document evaluation.

The agency is also proposing that 737 MAX operators conduct an Angle of Attack (AOA) sensor system test and perform an operational readiness flight before returning airplanes to service.

The changes are designed to prevent the erroneous activation of a key system known as MCAS tied to both crashes, to alert pilots if two AOA sensors are receiving conflicting data and to ensure flightcrew can respond to erroneous stabilizer movement.

The FAA said the changes minimize “dependence on pilot action and the effect of any potential single failure”.

The wiring change will ensure the MAX complies with FAA’s wire separation safety standards.

Reporting by David Shepardson in Washington and Eric M. Johnson in Seattle; Editing by Tom Brown and Richard Pullin

 
 
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15 killed in motorcycle accidents in Mongolia in July www.xinhuanet.com

A total of 15 people were killed in motorcycle accidents in Mongolia in July, the country's traffic police department said Monday.

"A total of 62 people have been killed in motorcycle accidents across Mongolia so far this year. Fifteen of them lost their lives last month alone," the police department said.

Overspeeding, drunk driving and not wearing a helmet were the main causes of the motorcycle accidents, the department said, urging drivers to comply with traffic rules to protect themselves and others.

Most of the victims lost their lives in accidents on rural roads, according to the police department, who said this is partly due to the fact that Mongolian herders prefer to ride motorcycles to look for livestock animals instead of riding horses.

There are now more than 50,000 registered motorcycles in Mongolia, 90 percent of which are registered in rural areas.

A total of more than 1,170 motorcycle-related accidents were recorded across the country over the past five years, killing nearly 600 people, according to statistics. Enditem

 
 
 
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Mongolia exports 3000 tonnes of horse meat to China www.news.mn

Before the coronavirus lockdown, Mongolia exported 54 thousand tonnes of horse meat to China in 2019. However, exports of horse meat have fallen due to Mongolia closing its border with China in order to prevent the spread of coronavirus. Subsequently, during the first half of 2020, Mongolia exported only 3000 tonnes of horse meat to China.

Currently, Mongolia is working to join an Asia-Pacific Trade Agreement for expanding the exports of meat products. The agreement is currently between China, South Korea, India, Bangladesh, Laos and Sri-Lanka; this represents a total market of 2.6 billion consumers. Mongolia will be able to export over 10 thousand goods items with tariff discounts of 5-100 percent, currently enjoyed by the agreement signatories.

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