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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Mongolia listed on July Holiday Destinations by Independent online newspaper www.news.mn

Raw and remote, Mongolia is for travellers who really want to escape the madding crowd. Experience a slice of nomadic life in the Gobi Desert at Three Camel Lodge, sleeping in a ger (a round tent) and observing the timeworn lifestyles of local families tending to their livestock. If you can time your trip for the Naadam Festival from 11-15 July, so much the better – as competitors throw themselves into wrestling, horse racing and archery, after parading in decorative costumes for the opening ceremony, it’s a real sight to behold.

Meanwhile in Khustain National Park, 100km southwest of the capital, it’s all about wildlife spotting opportunities: from Mongolia’s endangered wild horse, the takhi, to predators like wolves, Pallas’s cats and lynx.

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Rio Tinto speeds up exploration at Winu copper find in Western Australia www.mining.com

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company’s next major copper project.

Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company’s main goal for now is to determine whether Winu was a “Rio Tinto scale” project.

The copper-gold-silver discovery, a potential major boost for the company's growth options, is about 130 km. from Newcrest's Telfer copper-gold mine in the East Pilbara. It’s also close to numerous copper prospects discovered recently by juniors and 350 km southeast of Port Hedland, the world's largest bulk export port.

Winu copper-gold-silver discovery, a potential major boost for the company's growth options, is about 130 km. from Newcrest's Telfer copper-gold mine in the East Pilbara
Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program. If the company finds that Winu is not a “Tier 1” asset, it would move on to other exploration projects.

Analysts have questioned Rio’s ability to scale up its copper business quickly without making an expensive acquisition. The company recently had to delay first production from the $5.3 billion underground expansion of its Oyu Tolgoi copper-gold-silver mine in Mongolia. Originally scheduled for early 2020, it's now expected to happen in the third quarter of 2021.

In December, Rio sold its entire interest in the Grasberg mine in Indonesia, the world’s second-biggest copper mine, as part of a deal that put an end to years of disagreements between operator Freeport McMoRan (NYSE:FCX) and the country’s government.

Rio Tinto believes the copper market will go into deficit by 2020 amid expectations that bigger power grids around the world and an electric-vehicle boom will boost demand, while supplies will remain constrained.

Last month, the world’s second largest miner decided to invest a further $302 million to advance its Resolution copper project, in the U.S. state of Arizona, as part of its bid for increasing its exposure to the red metal.

However, industry analysts at CRU say the coming online of major projects — Anglo’s Quellaveco (2022), Teck’s Quebrada Blanca expansion (2021) and First Quantum’s Cobre Panama (already in production) will momentarily eliminate the gap between supply and demand.

The research group has cut its forecast deficit and now expects the market will be in a small surplus this year and next, but short again by 250,000 tonnes by 2023.

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Secret sponsor of Mongolia’s Independence Revolution www.news.mn

The Bogd Khan or VIII Bogd Jebtsundamba Khutuktu (1869–1924) was the secret sponsor of Mongolian Independence Revolution of 1921 which ended centuries of Chinese occupation of Mongolia. Following the departure of the Chinese, the People’s Party founded a new government, but kept the Bogd Khan as nominal head of state.

The Bogd Khan financed the revolutionary activities under the secret name of Butkov. The letters from the seven men who led the Mongolian Revolution to the Bogd Khaan asking for finance, have being kept in the General Archival Authority.

On Wednesday 1 May, the General Archival Authority presented 60 vitally important scripts and documents to and from the Bogd Khan. The exhibition, which is at the National Museum of Mongolia will last for a month.

This year, Mongolia is marking the 150th anniversary of the birth of the Bogd Khan.

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Parliament appoints leadership of the independent authority against corruption www.president.mn

Within his power stated in Section 1 of Article 21 of the Anti-Corruption Law of Mongolia, President of Mongolia Khaltmaagiin Battulga forwarded his proposal on appointing Dashdavaa Zandraa to the position of General Director of the Independent Authority Against Corruption (IAAC) and Batsaikhan Janjaa to the position of Deputy General Director. The Parliament discussed the proposal at its plenary session today.

Chief of Staff to the President Z.Enkhbold introduced the President’s proposal under consideration of the Parliament and answered the questions of members of the Parliament.

Following the inquiries of the MPs, the President’s proposal on appointing Z.Dashdavaa as IAAC General Director was backed by the Parliament with vote of 94.6 percent and J.Batsaikhan as IAAC Deputy General Director with vote of 87.5 percent.

 
 
 
 
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Insys Therapeutics founder John Kapoor convicted in US opioid case www.bbc.com

The founder of Insys Therapeutics John Kapoor has become the first pharmaceutical boss to be convicted in a case linked to the US opioid crisis.

A Boston jury found Kapoor and four colleagues conspired to bribe doctors to prescribe addictive painkillers, often to patients who didn't need them.

The former billionaire was found guilty of racketeering conspiracy for his role in a scheme which also misled insurers.

Tens of thousands of deaths have been caused by opioid overdoses in the US.

Indian-born Kapoor founded drugmaker Insys Therapeutics in 1990 and built it into a multi-billion dollar company.

The jury found Kapoor had also misled medical insurance companies about patients' need for the painkillers in order to boost sales of the firm's fentanyl spray, Subsys.

Fentanyl is estimated up to one 100 times stronger than morphine and is usually only prescribed for severe pain arising in cases like treatment for cancer.

The court heard that Kapoor - who was arrested in 2017 on the same day President Donald Trump declared the opioid crisis a "national emergency" - ran a scheme that paid bribes to doctors to speak at fake marketing events to promote Subsys.

During the 10-week trial, jurors were also shown a rap video made by Insys for its employees on ways to boost sales of Subsys.

Kapoor and his co-defendants - Michael Gurry, Richard Simon, Sunrise Lee and Joseph Rowan - face up to 20 years in prison.

A statement from Kapoor's lawyer said he was "disappointed" with the verdict. The men had denied the charges and have indicated that they plan to appeal.

Forbes listed Kapoor's net worth as $1.8bn (£1.4bn) in 2018, before dropping off the publication's billionaire rankings this year.

His conviction marks a victory for US government efforts to target companies seen to have accelerated the opioid crisis.

The US Centres for Disease Control and Prevention has said that opioids - a class of drug which includes everything from heroin to legal painkillers - were involved in almost 48,000 deaths in 2017.

The epidemic started with legally prescribed painkillers, including Percocet and OxyContin. It intensified as these were diverted to the black market.

There has also been a sharp rise in the use of illegal opioids including heroin, while many street drugs are laced with powerful opioids such as Fentanyl, increasing the risk of an overdose.

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Balance of payments totals USD 219 million in surplus www.zgm.mn

In the first three months of 2019, the balance of payments (BoP) resulted in a surplus of USD 219 million. The indicator reached entered the positive zone compared to last year's USD 42 million losses.

The current account deficit has risen to USD 297.6 million since the beginning of the year, decreased from the previous year. The surplus of the trading account, which shows export and import reached USD 407 million. However, the service account that registered the flow of traffic, tourism, and other high-paid services accounted for a deficit of USD 553.2 million. This is an increase in the deficit over the previous year. The Bank of Mongolia (BoM) said that the balance of payments will have a surplus of USD 500-600 million this year.

high-paid services accounted for a deficit of USD 553.2 million
When the balance of payment results in a surplus, a certain amount of funding will be reflected in the foreign trade profit and financial account, according to the BoM. For instance, within the framework of the Extended Fund Facility program, about USD 800 million will be allocated to Mongolia. In addition, the Ministry of Finance estimated a direct investment of USD 1.3 billion into the underground development of Oyu Tolgoi LLC.

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Boeing appoints top legal adviser to handle 737 MAX lawsuits www.chinadaily.com.cn

CHICAGO - Boeing on Wednesday named J. Michael Luttig as the newly-created position of counselor and senior adviser to deal with legal issues related to the two recent 737 MAX crashes.

Luttig, 64, who has served as general counsel since joining Boeing in 2006, will "manage all legal matters associated with the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents," the Chicago-based aircraft company announced in a statement.

Luttig had served on the U.S. Court of Appeals for the Fourth Circuit for 15 years before joining Boeing. He also held senior roles at the U.S. Supreme Court, the White House and in private practice.

He will give advice to Boeing Chairman, President and CEO Dennis Muilenburg and the Boeing board of directors. Meanwhile, Brett Gerry succeeds Luttig as Boeing's general counsel.

A number of lawsuits have already been filed against Boeing in the federal district court in Chicago by family members of victims who lost their lives in two deadly crashes.

On-going investigations into the two accidents are reportedly pointing to faulty sensor readings and a flight-control system which pushed the doomed planes nose down.

Muilenburg told a shareholders meeting on Monday that Boeing is close to completing an update to the flight control software of 737 MAX aircraft.

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Mongol studies website launches for American students www.montsame.mn

Ulaanbaatar /MONTSAME/. During the Mongolian Days event that took place at the Western Washington University (WWU) on April 25-26, the website, StudyMongolia, was introduced to the public to promote Mongol studies.

Students, researchers and scholars of the U.S. will be able to find books and magazines related to Mongol studies and get news and information about Mongolia from the website StudyMongolia.

Noting that the university library has a large collection of books on Mongol studies, WWU President Sabah Randhawa highlighted that they are giving importance to further grow their book collections by categories. The event was supported by the Embassy of Mongolia to the USA, Consulate General of Mongolia in San Francisco, Ministry of Education, Culture, Science and Sports and the John C. Street Endowment.

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Erdenes Tavan Tolgoi JSC to cut its expenses by MNT400 billion www.montsame.mn

Ulaanbaatar /MONTSAME/ Erdenes Tavan Tolgoi JSC has worked with net profit of MNT304 billion in the first quarter of 2019. The Company extracted 4.2 million tons of coal in the first quarter, of which 2.4 million tons have been exported. The company’s revenue from sales reached MNT 741 billion, of which MNT 193.5 billion have been allocated to the state budget.

CEO of Erdenes Tavan Tolgoi JSC B.Gankhuyag said, “Last year, our company earned MNT1.99 trillion sales income with the net profit of MNT807.6 billion. According to the decision made by the Parliament and Cabinet, the Board of Directors of the company has resolved to fund major infrastructure projects and programs with its net profit. In particular, the company will fund first investments of the projects, including railways in route Tavantolgoi-Zuunbayan and Tavantolgoit-Gashuunsukhait, establishments of Coal Concentration Plant, water supply, conveyor system and Power Plant. In this regard, the company has made a decision to adjustments its budget, cutting its expenses by MNT400 billion, which is spent on building office and purchasing automobiles, computers and equipment and devices.”

Preparation works for the IPO on international market have being fulfilled intensively. In accordance with the law on procurement of goods, works, and services with state and local funds, some works related to selection of international consultant have been delayed for a while. But the fulfillment of a work on creating citizens’ aggregated database and formulating documentations are running well, he mentioned.

The Cabinet banned raw coal consumption in the capital city beginning from May 1, 2019. Therefore, processed fuel by Tavantolgoi Tulsh Company will be supplied to the citizens from May 15. This work is running with fulfillment of around 90 percent, he highlighted.

Tavantolgoi Tulsh Company will produce 800 thousand tons of fuel a year. By using this fuel, it is expected to reduce air pollution in Ulaanbaatar city up to 50-60 percent in 2019-2020. In addition, 24 types of experiment have shown that the fuel is not hazardous for human health.

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Mongolia approves nat'l program to promote youth development www.xinhuanet.com

ULAN BATOR, May 2 (Xinhua) -- Mongolia has approved a national program to promote youth development, local media reported Thursday, citing the country's Ministry of Labor and Social Protection.

"Developing young people is very important for any country's development and future," the country's Minister of Labor and Social Protection Sodnom Chinzorig said in a statement on the ministry's website.

"The program aims to create favorable conditions for youth to contribute as active members of society to the political, civil, economic, social and cultural development of the country and provide them with opportunities to develop their lifelong learning skills," Chinzorig added.

From 2019 to 2022, a total of 72 activities will be done to improve education at all stages, promote youth development, increase youth engagement in sustainable development, and create living as well as learning environments that are safe and friendly, he said.

Mongolia is an East Asian country with a population of 3.2 million. Currently, 33.7 percent of the total population and 46.5 percent of the working-age population are young people aged 15-34, according to the Ministry of Labor and Social Protection.

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