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

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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16.4MW solar plant to supply Mongolia’s new international airport www.news.mn

Ulaanbaatar city and its new, soon-to-be-opened international airport will be partly powered by a photovoltaic (PV) plant, developed with financial support from Tokyo. Japanese group Sharp’s 16.4MW solar project in Khushight Khundii, in Mongolia’s Tuv Province, has wrapped up construction and ready to start operation.

The installation will supply 23.1GWh per year to the national grid, which powers Ulaanbaatar city and a new national airport that is scheduled to complete this year. The plant, representing 18,000-plus tonnes in CO2 savings, was built with support from the Japanese government.

The Khushight Khundii project follows Sharp’s completion last year of a PV plant, also boasting 16.5 MW of capacity, in the southern desert province of Dornogovi. The firm was also behind a 10MW project announced in 2016 northwest of Ulaanbaatar, described at the time as Mongolia’s first utility-scale PV scheme.

Mongolia is progressing towards a 30% renewable target share by 2030 as it works to power fast-growing Ulaanbaatar and other areas.

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NRGI displays assessment result on Erdenes Mongol www.zgm.mn

Natural Resource Governance Institute (NRGI) has conducted an external assessment on the structure, operations and financial information of Erdenes Mongol (EM) SOE over the last two years and presented its results. Erdenes Mongol has 21 subsidiaries and the NRGI assessed the financial information of five companies, namely Baganuur JSC, Shivee Ovoo JSC, Erdenes Mongol LLC, Erdenes Oyu Tolgoi LLC, and Erdenes Tavan Tolgoi JSC.

Since its establishment in 2006, Erdenes Mongol did not report any profit until 2015. However, the company’s net profit amounted to MNT 41 billion in 2016-2018. Such profitability was the result of increased coal prices and coal transportation from Tavantolgoi to China.

Despite the increase in total profitability, EM and its subsidiaries do not pay dividends regularly to the Mongolian State Fund. However, some state-owned mining companies such as China Shenhua Energy, India’s Coal India, and Indonesia’s Antam pay 30-100 percent of their profits regularly to the state fund.

According to a study, EM has received external loans and assistance due to the deficit in financial reports, but the government and authorities’ monitoring on the matter is inadequate. By the end of 2017, the debt totaled MNT 877 billion. This is becoming a high risk for taxpayers.

The Government of Mongolia is the 100 percent owner of Erdenes Mongol LLC. The Government can improve the living standards of its people by implementing the activities in four areas, including functionality, management, and human resource, transparency, and control in order to make Erdenes Mongol profitable until 2035.

The average tenure of executive director of Erdenes Mongol's subsidiaries is 1.7 years. When the executives are replaced, over 80 percent of management teams are replaced as well. It is one of the main factors that Erdenes Mongol is not being profitable.

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Cerberus Hunts for Yield in Mongolia www.wsj.com

New York-based Cerberus Capital Management LP is in talks to make its first investment in Mongolia as part of a broader push into the world’s riskiest markets.
The private-equity firm, which manages $39 billion of assets including shares in Deutsche Bank AG and Avon Products Inc., is in talks to buy a stake in the telecommunications and consumer goods units of MCS Group, one of Mongolia’s largest companies, according to people familiar with the situation. Cerberus may offer $110 million for a 25% stake in the units, one of the people said.
The Mongolian deal is being negotiated by Cerberus Frontier, a new investment team created in November when Cerberus acquired SGI Frontier Capital, a Singapore-based private-equity firm led by Gabriel Schulze and Alexander Benard. They specialize in emerging markets, with a particular focus on Mongolia, Ethiopia and the former Soviet republic of Georgia. Cerberus Frontier plans to raise a new fund dedicated to emerging markets, the people said.
Cerberus’s emerging-markets push comes as U.S. private-equity firms explore so-called frontier markets across Asia and Africa. Mongolia, the former states of the Soviet Union and the nations of Africa have proven challenging places to invest because of volatility in economies, currencies and politics. Blackstone Group and KKR & Co., for example, have both scaled back plans to explore frontier markets.
Still, the prospect of less competition in developing countries with fast-growing populations and periodically high economic growth keeps drawing investors. Mongolia’s economy grew 8.6% percent in the first three months of 2019. The country had just 13 private-equity deals totaling $139 million in the last 11 years, according to the Washington-based Emerging Markets Private Equity Association.
Private-equity firms are raising more money for emerging markets. The amount raised increased 36% to a record $90 billion in 2018 from 2008, according to EMPEA. In the same period, private-equity fundraising for investment in the U.S. rose 6% to $235 billion.
Cerberus last year bid for Abraaj Group, which was the largest emerging markets private-equity firm before it collapsed amid fraud allegations. Cerberus ended takeover talks in July as Abraaj’s legal problems mounted. The founder of Dubai-based Abraaj and five of his deputies now face trial in the U.S.
Mr. Schulze and Mr. Benard talked to Cerberus co-Chief Executives Stephen Feinberg and Frank Bruno throughout 2018, the people familiar said. As Cerberus’s leadership lost trust in Abraaj, they continued to believe in Abraaj’s strategy of focusing on emerging markets, the people said. When the Abraaj talks ended, Cerberus decided to explore frontier markets through the acquisition of SGI Frontier.
Cerberus Frontier plans to market its new fund to pension plans and other asset managers, including those who invested in Abraaj’s funds, the people said.
In Mongolia, SGI Frontier has a portfolio of loans made with funding from investors including the Overseas Private Investment Corp., a U.S. government agency. In Georgia, the firm has invested mainly in hydroelectric dams which use the mountainous nation’s streams to make electricity. In Ethiopia, the firm has invested in companies including Afriflora, a large rose farm KKR previously owned.
Cerberus has created a dedicated investment committee to decide which companies its frontier team should invest in, including Messrs. Feinberg, Bruno, Schulze and Benard.
Mongolia has a “boom-to-bust” track record in attracting foreign investment, according to a World Bank report published last year. Foreign direct investment hit a record $4.5 billion in 2011 fueled by a rapid expansion of the landlocked nation’s mining sector. Investment later fell as commodity prices slumped.
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Mongolia-Turkey joint archaeological excavation commences www.montsame.mn

Ulaanbaatar /MONTSAME/ Representatives of the Izmir Katip Celebi University of Turkey Rector Prof.Dr. Saffet Kose, Vice-rector Prof.Dr. Turan Gokce and Prof.Dr. Shaban Dogan paid visit to Mongolia on June 10-13.

Delegates attended the opening of the joint archaeological excavation of the Izmir Katip Celebi University and Mongolian University of Science and Technology (MUST). Excavations will be conducted in Orkhon Valley, near the ruins of Ordu Baliq.

During their visit, the delegates signed partnership protocols with the National University of Mongolia, University o fMedical Sciences and MUST respectively. They also visited the TIKA Ulaanbaatar Office, Embassy of Turkey in Ulaanbaatar and the National Academy of Governance.

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Mongolia Growth Group Ltd.: Mongolia Growth Group Announces AGM Results www.finanznachrichten.de

Mongolia Growth Group Ltd. (YAK - TSXV and MNGGF - USA) ("MGG") or ("the Company") a commercial real estate investment company participating in the Mongolian economy, announces the passage of all resolutions and the election of all nominated directors (Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman and Robert Scott) at the Company's Annual General Meeting held on June 14, 2019.

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Demand shift to eco-friendly production calls for immediate change in Mongolian cashmere www.zgm.mn

The world’s leading brands that are shifting their production towards more animal and environmentally friendly products are demanding Mongolia’s cashmere shipment, which accounts for almost half of the total supply, to convert to eco-friendly production. Mongolia exports most of its combed cashmere to developed countries such as Italy, the United States, and Britain. However, without ready-made cashmere products manufactured under the cutting edge practices that are certified to have a good impact on the environment, overseas buyers refuse to purchase Mongolian cashmere.

Some organizations that are against animal abuse have uploaded a video of Mongolian herders combing a coat in a rude, old-fashioned way. This caused the world's apparel firms and cashmere processors to seek other options over Mongolian cashmere. H&M’s representative in Asia Sherry Gu said, “Some large-scale international brands are turning away from products that are environmentally harmful and abuses animals. However, this does not mean that cashmere products will come to a complete standstill. We are ready to purchase cashmere at a high price from Mongolia if it is prepared in a sustainable way, such as being environmentally friendly, and taken from healthy livestock without child labor.”

However, the Mongolian herding method is unique and has a long root in history. This is a part of our culture and tradition. Also, it is important for Mongolians to let the world receive and understand this culture, rituals, and traditions.

If Mongolia manages to improve its cashmere preparation system and proves that it is friendly to the environment, the country will be able to uplift commodity prices and dominate the world market.

Dr. Helen Crowley, the Conservation and Ecosystems Services Specialist at Kering, expressed her opinion on improving the value of Mongolian cashmere.

-How do multinational companies value Mongolian cashmere?

-Our company has been drawing cashmere from Mongolia for years. Over the last five years, we have been focusing on supporting sustainable cashmere production. It focuses on herders who play the main role in the supply chain of cashmere. We also studied the methods of attracting cashmere without harming the environment and any adverse impact on animals with the local specialists and non-governmental organizations. As we study the situation in Mongolia, it seems to have a high potential. The Mongolian livestock sector can supply cashmere with a sustainable, environmentally friendly way to improve material quality.

-How do you estimate the capacity of Mongolia’s cashmere supply?

-Mongolia is a global supplier of cashmere. There is also a history of a magnificent culture in Mongolia. Based on this tradition, I am sure the country can improve the quality of its cashmere.

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Mongolia-Japan teaching hospital opens www.montsame.mn

The opening ceremony of the Mongolia-Japan Teaching Hospital of the Mongolian National University of Medical Sciences (MNUMS), built with the non-refundable aid of the Government of Japan in Bayanzurkh district, took place on June 16.

Prime Minister U.Khurelsukh, Minister of Health D.Sarangerel, Minister of Foreign Affairs D.Tsogtbaatar, Minister of Foreign Affairs of Japan Taro Kono, Director of MNUMS J.Tsolmon and other corresponding officials attended the ceremony.

Alongside the construction work of the hospital, the installation of the latest equipment and technology, such as high-capacity diagnostic MRI and CT equipment, coronary angiography kit and fully automated analyzers were funded through the aid.

Surgery, internal medicine, pediatrics, gynecology, intensive care--health care services for a total of 17 specializations will be available. In his speech at the opening ceremony, PM U.Khurelsukh highlighted that the number of citizens going to other countries for health care will decrease as a result.

During the opening ceremony, Minister of Foreign Affairs of Japan Taro Kono was awarded an Honorary Doctorate of MNUMS in recognition of his contribution to the health sector of Mongolia and the development of the university.

After conducting tests of the equipment as well as training for the medical specialists, the hospital will start giving health care services to citizens from October 1, 2019.

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Elon Musk says Tesla “might get into mining” www.mining.com

One of the biggest applause lines of Elon Musk’s presentation to shareholders at Tesla’s annual meeting was the teasing of a new product – the cyberpunktruck (I assume it’s a working title).

Musk said the company spent a lot of time on the design; that it’s the coolest car he’s ever seen and that it will look like something from a sci-fi movie. Musk promised a reveal this summer; “hopefully” (silence from the crowd this time).

That’s exactly the kind of talk you expect from Musk. But the usually cocksure CEO actually brought up a potential roadblock to the launch of the cyberpunktruck (I’m beginning to warm to the name):

“There is not much point in adding product complexity if we don’t have enough batteries. Then it’s complexity without gain.

“We are matching the product roll out according to the scaling of battery production. That’s really the main limiting factor.

“As we scale battery production to very high levels, we actually have to look further down the supply chain. We might get into the mining business. Maybe. A little bit, at least.

“We will do whatever we have to do in order to ensure we scale at the fastest rate possible.”

Musk chuckled (or was it another case of the giggles) when he mentioned mining, but at least one of his ventures have built up some expertise in digging holes and tunnels – the Boring Company.

TESLA DEPLOYED MORE BATTERY POWER THAN ITS NEXT FOUR BIGGEST RIVALS COMBINED

And by the time the cyberpunktruck (rolling off my tongue now) enters full-scale production, asteroid mining by Space X could already be a reality (Tesla is not unfamiliar with production delays is what I’m saying).

If anyone making EVs realizes that battery production is the biggest obstacle to scale it would be Musk. Based on global EV battery deployment data Tesla is not just shaming US and European competitors, but also the hundreds of EV manufacturers registered in China.

In March this year, Tesla deployed more battery power than its next four biggest rivals combined. That includes no.2 BYD (Build Your Dream) backed by Warren Buffett as long ago as 2008.

In order to feed the Tesla battery beast, Musk announced a battery and powertrain investor day.

“Hopefully this summer; at least before the end of the year for sure,” Musk said and perhaps to make up for the tentativeness of that statement added: “This is a big deal.” But of course he says that about everything Tesla:

“If I was an outside investor I would really focus on two things: What is the timeline to full self-driving. What is your plan to scale battery production and get the cost per kilowatt hour down.

“It’s basically battery power and full self-driving. That’s the two strategic things that are most important.”

The progress on $/kWh is outpacing that of autonomous driving. In 2014 each kWh produced by a lithium-ion battery cost $290. This year it fell below $100 for the first time.

THE BATTERY REPRESENTS AT LEAST A THIRD OF THE COST OF AN ELECTRIC CAR AND RAW MATERIALS ARE RESPONSIBLE FOR THE BULK OF THE COST OF THE BATTERY

The battery represents at least a third of the cost of an electric car and raw materials are responsible for the bulk of the cost of the battery.

Falling prices aren’t good news for cobalt, lithium, nickel and graphite producers. But with electric vehicles only making up a tiny fraction of the global car parque, what miners lose in price they’ll certainly make up in volume.

The recording of the annual shareholder meeting below will start at around the 58-minute mark where Musk introduces the cyberpunktruck (where do I pay my deposit?) and talks about mining:

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Mongolia’s Mongolsat Networks Optimizes Multi-Screen Video Delivery with Verimatrix and moTV.eu www.finance.yahoo.com

BroadcastAsia 2019 -- Verimatrix (INSD.PA), the leader in redefining the standard for connected devices and services with an innovative combination of security and data analytics, and moTV.eu today announced that they are jointly securing DVB-S delivery services offered by Mongolsat Networks. Leveraging the moTV.eu OTT/IPTV/hybrid platform, the Verimatrix Video Content Authority System (VCAS™) DVB Hybrid deployment protects Mongolsat’s Freeview TV service to set-top boxes (STBs). Additionally, the Verimatrix MultiRights® OTT solution enables advanced TV Everywhere delivery by providing digital rights management (DRM) for OTT content streamed to mobile devices.

VCAS for DVB Hybrid enables Mongolsat Networks to deploy a modern broadcast video system that extends subscriber reach by integrating premium OTT delivery through HTTP Live Streaming (HLS) and MPEG-DASH protocols. It is also completely compliant with applicable DVB standards and pre-integrated with a broad range of headend and major STB chipset vendors.

“In order to respond to the rapidly rising demands for multi-screen delivery in the Mongolian pay-TV space, we knew we needed to find a flexible and scalable platform for multi-DRM support, but we were also looking for a vendor that we could fully trust,” said Mr. Bumchin N, general manager at Mongolsat Networks. “Verimatrix came to the forefront due to its outstanding and reaffirmed reputation for providing a modernized and adaptable approach to security. We are excited to be among those who are able to quickly react to changing security models with VCAS.”

The addition of MultiRights OTT enables Mongolsat Networks to solve multi-DRM challenges by providing harmonized rights management across networks and devices. The framework allows for the inclusion of any third-party DRM scheme and client devices under the VCAS umbrella for complete end-to-end management of revenue security.

“Maximizing the monetization of content across a multi-screen delivery environment comes with several challenges, and Mongolsat Networks selected Verimatrix as we are able to future-proof its services for years to come with this comprehensive VCAS deployment,” said Steve Oetegenn, COO of Verimatrix. “This single content authority approach eliminates technical and commercial challenges of extending DVB Hybrid services, so that Mongolsat can maintain its focus on expanding business models and staying ahead of competition.”

moTV.eu, the systems integrator for this deployment, develops complete end-to-end ecosystems for pay-TV operators from the source of the stream through transcoding up to the end-user applications.

“moTV.eu is happy to support Mongolsat Networks in its expansion to offer OTT services for second screen devices, working alongside Verimatrix. Mongolsat’s subscribers will have options to view their favorite channels not only on linear services, but also using catchup, time-shift and VOD,” said Radim Benovsky, sales director, moTV.eu

To learn more, visit Verimatrix at BroadcastAsia 2019 booth #6L2-01 or schedule a meeting at www.verimatrix.com/BCA2019.

About Mongolsat Networks
Mongolsat Networks is a direct-to-home satellite TV service provider. Its Mongolsat FreeViewTV service delivers more than 80 channels of local and foreign channels using set-top box without any monthly fee. The service is delivered in high quality to essentially anywhere in Mongolia. To learn more, visit www.mongolsat.mn.

About moTV.eu
moTV.eu is an OTT/IPTV/hybrid platform, which includes the complete system of processing and distribution of streams in unicast, multicast and broadcast users’ applications and administration of customers. The entire system comes from one supplier, ensuring its reliability and eliminating complicated and expensive integration of multiple systems and new features from different suppliers.

About Inside Secure/Verimatrix
Inside Secure/Verimatrix (Euronext Paris – INSD) is redefining the standard for connected devices and services with an innovative combination of security and data analytics that maximizes revenues, protects reputations and enables growth. The company serves a range of industries and markets, including entertainment, mobile, computer networks and internet of things (IoT). The company offers easy-to-use software solutions, cloud services and silicon IP that provides unparalleled security and business intelligence. With more than 24 years of experience and a solid reputation, Inside Secure/Verimatrix protects customers’ most valuable content, transactions, applications, and communications. With 18 office locations in 12 countries supporting more than 1,200 customers, the company is uniquely positioned to secure and enable the connected future. For more information, visitwww.insidesecure.com and www.verimatrix.com.

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Asiana Airlines adds Mongolia service from July 2019 www.routesonline.com

Asiana Airlines starting next month is adding service to Mongolia, opened for booking since early this month. From 09JUL19, the Star Alliance carrier will operate Seoul Incheon – Ulan Baatar route, with Airbus A330-300 aircraft. This route will be served 3 times a week.

OZ567 ICN2045 – 2325ULN 333 6
OZ567 ICN2105 – 2350ULN 333 24

OZ568 ULN0050 – 0500ICN 333 7
OZ568 ULN0120 – 0530ICN 333 35

Operational schedule varies from 08SEP19.

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