1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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US regulators to block Peabody, Arch Coal JV www.mining.com

The US Federal Trade Commission (FTC) has rejected Peabody Energy and Arch Coal’s plans to combine their operations in Wyoming and Colorado, saying it would limit competition and raise prices.

The joint venture, announced by the country’s two largest coal miners last year, would run seven mines in the Powder River Basin (PRB), where Peabody and Arch Coal accounted for over 65% of all the coal mined there in 2018.

The FTC has requested an administrative trial and, in the meantime, a temporary restraining order and preliminary injunction for the deal, which could generate $120 million in annual cost savings for the companies over a decade.

“Whatever the product, the antitrust laws protect customers from mergers that lead to higher prices,” Ian Conner, director of the FTC’s Bureau of Competition, said in the statement. “This joint venture would eliminate the substantial head-to-head competition between the two largest coal miners in the United States, and that loss of competition would likely raise coal prices to power-generating utilities that provide electricity to millions of Americans.”

Peabody and Arch Coal replied they intend to challenge the FTC’s decision in the coming months, adding they will continue to pursue the JV.

“We have provided tremendous amounts of evidence to the FTC during an extensive review, fully demonstrating that coal … faces intense competition from natural gas and other alternate fuels,” Peabody chief executive officer, Glenn Kellow, said in a separate statement.

The two companies believe coal prices will bottom out in the first half of 2020 before rising in the second half as production declines and global consumption gains.

The International Energy Agency is anticipating a steady increase in demand for the fossil fuel in the next five years, as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations.

Weak fundamentals
Moody’s lead coal analyst, Benjamin Nelson, said that regardless of whether or not the venture can go ahead, business conditions for coal producers in the PRB will remain extremely challenging.

Nelson cited among the reasons for the bleak outlook an “ongoing secular decline in the demand for thermal coal, low natural gas prices encouraging switching in the near-to-medium term and far fewer opportunities to export coal compared to other coal basins in part due to social opposition in the Pacific Northwest.”

US government data released in early February show that production in the country’s top coal- region fell almost 14% in the last three months of 2019 to the lowest in over two decades.

The weak quarter capped a tumultuous year of mine shutdowns and bankruptcies in the Basin, including Blackhawk Mining, Blackjewel, Cambrian Holding Co., Cloud Peak Energy and New Trinity Coal. Two other miners, Mission Coal and Westmoreland Coal, went bust in October 2018

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President of Mongolia to pay a visit to the People’s Republic of China www.montsame.mn

Ulaanbaatar /MONTSAME/ President of Mongolia Khaltmaagiin Battulga will pay a visit to the People’s Republic of China on February 27, 2020.

During the visit, the President plans to meet and discuss matters pertaining to current affairs with President Xi Jinping and Premier of the State Council Li Keqiang of the People’s Republic of China.

A successful visit to the People’s Republic of China will be an important step towards maintaining the frequency of mutual high-level visits, strengthening trust, and solidifying the Comprehensive Strategic Partnership between our two countries.


Source: Office of the President of Mongolia

 
 
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Now's the right time for investors to buy Chinese stocks www.cnn.com

New York (CNN Business)Coronavirus jitters have paralyzed investors around the world. Chinese stocks might actually be close to bottoming out even as the disease spreads to other countries, sparking global pandemic and market correction fears.

Some investors are betting on a big comeback for Chinese companies -- despite worries about the Chinese economy being in paralysis due to the coronavirus.
"The coronavirus will wind up being the bottom for China. I realize this sounds like it's coming out of left field. But this outbreak could be occurring at the end of the Chinese bear market," said Mark Galasiewski, chief strategist of the Asia-Pacific region for Elliott Wave International.
The Shanghai Composite and Hong Kong's Hang Seng Index are both down this year and might be due for a comeback, especially since valuations for Chinese stocks are not as high as they are for US companies in the S&P 500.
"It's hard to make the case that an investor should dive further into parts of the global stock market that are overextended. Over the next five to 10 years, China and other emerging markets look more attractive than developed markets," said Michael Sheldon, chief investment officer at RDM Financial Group at Hightower.

Galasiewski also pointed out that some Chinese stocks are already starting to awaken from their slumber. The Shenzhen Composite, kind of like the Nasdaq of China since it is home to many startup tech firms, is up nearly 10% this year.
Galasiewski thinks that top Chinese tech firms -- companies like Baidu (BIDU), Alibaba (BABA) and Tencent (TCEHY) -- are good values that have held up relatively well during the coronavirus sell-off.
He argues that this trio, which traders have dubbed the BAT stocks, are better bargains than the US high tech FAANG stocks -- Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google owner Alphabet (GOOGL).
Investors are running for cover. Can stocks bounce back?
Investors are running for cover. Can stocks bounce back?
The coronavrius outbreak may also give a boost to homegrown Chinese drugmakers, according to Brad Loncar, CEO of Loncar Investments and creator of the Loncar China BioPharma ETF (CHNA).
"Before the coronavirus outbreak, China is starting to have a biotech boom. Government officials want to upgrade the economy to higher-value sectors like pharmaceuticals and not just focus on generic drugs," Loncar said in an interview with CNN Business.
"Now China needs to modernize medicine even further and there will be a bigger focus on that which will accelerate because of the coronavirus," Loncar added.
Loncar pointed to three top Chinese drug stocks he likes that trade in the United States.
Zai Lab (ZLAB) is a leader in licensing drugs in China. BeiGene (BGNE) has developed a cancer drug that has gotten approval by the US Food and Drug Administration. It is also benefiting from a big investment from biotech giant Amgen (AMGN), which owns more than 20% of BeiGene. And Hutchison China MediTech (HCM) has a cancer drug that was the first to be entirely invented, developed and approved for use in China.

Can the People's Bank of China save the day?
It may seem counterintuitive. But the coronavirus outbreak could spark an eventual big boom in major Chinese stocks as the People's Bank of China seems ready to take whatever steps necessary to keep the economy from slowing more dramatically.
"Coming into 2018, China was attempting to slow its economy with tightening before it was surprised by the trade war," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company.
"Now, central bankers are attempting to stimulate the economy. So there is an opportunity for Chinese stocks to do better in the future," he added.
The numbers coming out of China will probably not look good for the first quarter. But that may only increase the willingness of Chinese officials to act more aggressively in order to prevent the downturn from getting worse.
"It's going to be ugly in China this quarter before things get back to normal. But policy makers will be throwing the kitchen sink at the problem and that should support the economy," said Adam Phillips, director of portfolio strategy for EP Wealth Advisors.
Still, not everyone is convinced that central banks can stop what is, at its heart, a health crisis and not an economic one. So he thinks investors should be wary of placing too much hope in the PBOC, Fed or other monetary officials.
"The threat is biological. Central bankers may not have a solution," said David Jilek, chief investment strategist with Gateway Investment Advisors.

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Mongolia bans South Korea flights over COVID-19 fears www.channelnewsasia.com

ULAANBAATAR: Mongolia will ban flights to and from South Korea starting Tuesday (Feb 25) until Mar 2 due to the outbreak of the new coronavirus, weeks after closing its border with China over the epidemic.

The decision by the National Emergency Commission was announced by Enkhamgalan Byambatseren, a member of parliament, who told Mongolians "it will be wiser to stay in (South) Korea where the healthcare system is much better than Mongolia".

Mongolia has not reported any cases of the novel coronavirus but is nervous about contagion since nearly 2,600 people have died in neighbouring China and dozens more in other countries.

Travel into and out of the capital Ulaanbaatar has been banned for the Mongolian Chinese New Year, known as Tsagaan Sar, which started Sunday and ends Thursday.

The landlocked country has also closed rural highways and suspended train and bus services during the five-day holiday.

The number of cases in South Korea has soared past 800 in the past few days - the highest figure outside China - leaving eight dead.

Mongolia late last month banned Chinese nationals and foreigners entering from China by plane, train or road.

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Peace Corps to evacuate Mongolia volunteers www.missoulian.com

The Peace Corps plans to evacuate its 94 volunteers in Mongolia, including 26-year-old Betsy Pickhardt of Missoula.

Pickhardt had been serving as a Peace Corps English teacher in Mongolia since 2018. There have not yet been any reported cases of coronavirus in that country, but its government has imposed severe restrictions on movement and public gatherings in an effort to prevent the spread of the virus.

On Tuesday, Pickhardt's mother, Nancy Pickhardt, told the Missoulian she was extremely disappointed with the Peace Corps' handling of the situation, and said she wanted her daughter and the other volunteers to be evacuated while travel was still possible.

She got her wish Wednesday morning, when Betsy called to tell her that they would be evacuating.

"She had just gotten an email," Nancy said at about 8:20 a.m. on Wednesday. "Betsy called me around half an hour ago and she said all her friends are like, 'I don't know how your mom did it.'" In addition to speaking to the Missoulian, Pickhardt had also reached out to the office of U.S. Sen. Jon Tester.

Further details about when and how the other volunteers will return home were not immediately available, although Pickhardt predicts it will take some time to remove them from this vast, sparsely populated country. "She's at least a 24-hour drive from the capital," she said of Betsy. With air travel limited by the coronavirus outbreak, "they're going to have to send out cars to all the different provinces."

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Mongolia curbs travel across vast steppe to curb coronavirus risk www.reuters.com

ULAANBAATAR, Feb 26 (Reuters) - Mongolia, China’s landlocked northern neighbour, will restrict travel from its capital Ulaanbaatar to other provinces until Tuesday in a bid to curb the spread of the new coronavirus, a minister said on Wednesday.

Mongolia - which has not confirmed any infections - has suspended all flights from Japan, adding to previous restrictions on flights from China and South Korea. It has also extended a travel ban on people from Japan and South Korea until March 11.

It will also take precautions with other flights from Europe, Russia, Turkey and Kazakhstan, Enkhamgalan Byambasuren, the transportation minister, told reporters.

Combating infectious disease is a particular challenge for Mongolia’s vast and thinly populated steppe, which lacks hospitals and even basic infrastructure.

The country has already sealed off its border crossings from China and suspended schools until the end of March.

Mongolia has also extended its suspension of coal deliveries into China until March 15. The suspension was originally due to come to an end on March 2.

Enkhamgalan said the drastic restrictions on internal movement were introduced after a Vietnamese citizen suffering from a fever was found to have travelled to the Bayan-Ulgii province on Tuesday. Five people are now under quarantine.

“There is likelihood the disease can spread to other parts of Mongolia,” he said.

Mongolians will now need to get specific permission from the head of their local emergency commission to travel out of Ulaanbaatar, city mayor Amarsaikhan Sainbuyan said on Wednesday.

He added that the car registrations and identity card numbers of travellers would be added to a database to help track potential sources of infection.

Ulaanbaatar was also considering restricting activities at monasteries, churches, restaurants and bars, the mayor added.

He said they would pay particular attention to the 28 Korean churches operating in Mongolia, and check whether any South Korean citizens working in Ulaanbaatar had recently travelled back from their home country.

South Korea has a total of 1,216 confirmed cases of infection so far, the highest outside China, and is to test more than 200,000 members of a church hit hardest by the outbreak. (Reporting by Anand Tumurtogoo; Writing by David Stanway; Editing by Andrew Heavens)

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Additional funds designated for comprehensive coronavirus precautions www.montsame.mn

Ulaanbaatar /MONTSAME/ The Cabinet held an extended irregular meeting today, on February 26.

At the meeting, it was decided to strengthen coronavirus precautions and State Emergency Commission informed of the measures being taken and planned to prevent the disease.

The Cabinet decided to withdraw additional MNT 6.5 billion from the Government reserve fund to take comprehensive coronavirus precautions. The additional funds will be spent on medicines, medical tools and equipment, personal protective equipment, test kits, disinfectants, sanitizers, as well as the over-time pay and transport allowance of doctors and other health care workers.

It was decided to increase the funding as Mongolia is at very high risk of a coronavirus transmission and high risk of spread of the virus according to a Public Health Emergency Risk Assessment. Moreover, 771,805 people including elders and patients with chronic and other conditions are considered to be more at risk of infection.

So far, no coronavirus case has been confirmed in Mongolia. 216 people who had traveled to the countries affected by the virus, have tested negative for the virus after being quarantined and test results of seven suspected cases are pending.

After hearing about the ongoing and planned precautions, Prime Minister U.Khurelsukh ordered the State Emergency Commission to extend the suspension of traffic movements between Ulaanbaatar and 21 aimags until March 2 and look into and resolve the matter of suspending flights between Mongolia and Japan over coronavirus concerns.

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Russia's largest solar power plant launched in the Urals www.rt.com

A new solar power plant (SES) with a capacity of 10MW has been commissioned in the Burzyansky district of Russia's southern Ural region of Bashkortostan.
According to Russian nanotechnology company Rusnano, it is the country's largest SES with an energy storage facility. Rusnano's portfolio company Liotech has supplied energy storage units with a total capacity of 8MW.

The automated control system selects the optimal mode of operation for the plant. It analyzes a set of parameters to determine when to store energy, and when to direct it to the network.

"The new SES provides reliable and uninterrupted power supply to the Burzyansky district, and in the event of an emergency shutdown or repair work on the power line, it can work autonomously," Rusnano said.

According to the chairman of Rusnano's board, Anatoly Chubais, the integration of renewable energy facilities and energy storage systems is a global trend. "For remote areas, such solutions not save costs on expensive diesel fuel, but also guarantee an uninterrupted energy supply based on green energy," he said.

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Mongolia seeks closer economic ties with U.S www.montsame.mn

Ulaanbaatar /MONTSAME/. Next month, Parliament Speaker G.Zandanshatar is planning to pay a visit to the USA. In connection with the visit, yesterday, on February 20, Parliamentary Standing Committee discussed and backed a draft resolution on strengthening the Mongolia and the U.S partnership.

The resolution is intended to be an update of a 1998 concurrent resolution in support of efforts to foster friendship and cooperation between the United States and Mongolia, to meet mutual goals and in line with future trends, as presented by Minister of Foreign Affairs D.Tsogtbaatar.

He introduced at the meeting that the resolution, promoting the development of the Strategic Partnership as well as a broader economic partnership, will show Mongolia’s willingness to intensify economic ties with the USA and will bring impetus to the US Congress approval of the ‘Mongolia Third Neighbor Trade Act’.

“This draft, upon approval, has a great significance to the strengthening of Mongolia’s third neighbor policy and national security.” said the Minister. In July 2019, Mongolia and the USA brought their relations to a new level - Strategic Partnership.

The Mongolian Parliament is expected to review the draft by summoning an irregular session before the Speaker’s visit as its regular spring session for 2020 is scheduled to open on April 5.

Also at the meeting, Minister D.Tsogtbaatar presented an issue of opening Consulate General of Mongolia to Chicago, where more than 8 thousand Mongolian nationals are residing in.

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New Permanent Representative of Mongolia Presents Credentials www.un.org

Vorshilov Enkhbold, the new Permanent Representative of Mongolia to the United Nations, presented his credentials to UN Secretary-General António Guterres today.

Until his latest appointment, Mr. Enkhbold served as Director-General of the Foreign Trade and Economic Cooperation Department in his country’s Ministry of Foreign Affairs beginning in August 2016 until January 2020. He was previously senior adviser at the International Think Tank for Landlocked Developing Countries in Ulaanbaatar, Mongolia’s capital, between 2013 and 2016.

Mr. Enkhbold served as Ambassador-at-Large in the Ministry of Foreign Affairs and Trade in 2012 and Ambassador to India and Sri Lanka from 2008 to 2011. He was Director-General of the Trade Policy and Economic Cooperation Department in the Ministry of Industry and Trade from 2004 until 2008.

In other foreign postings, Mr. Enkhbold was the Third and subsequently Second Secretary at Mongolia’s Embassy and Permanent Mission to the United Nations in Geneva from 2001 to 2004. He was also Senior Officer in the Foreign Trade and Economic Cooperation Department within the Ministry of External Affairs from 1999 until 2001.

Earlier, Mr. Enkhbold was Chief of the Investment Promotion Division at the Foreign Investment and Foreign Trade Agency of Mongolia beginning in 1996 until 1999, Economic Officer at the Mongolian Chamber of Commerce and Industry between 1991 and 1996, and a research fellow at the Institute of Renewable Energy of Mongolia from 1989 to 1991.

Mr. Enkhbold holds a PhD in international economics from the School of International Relations at the National University of Mongolia, and a master’s degree from the Technical University of Vladimir in the Russian Federation.

Born in Ulaanbaatar in 1965, he is married and has three daughters.

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