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

64x64

"UB Bike’ project CEO arrested for cannabis use www.news.mn

G.Dashnyam, CEO of the ‘Nickel Ganbaa’ LLC is being investigated on drug charges. He was arrested on 13 March near the Children’s 100th supermarket; he had been smoking cannabis in a Toyota Prius car. Mongolian Police seized five grams of drugs as evidence.

A consortium of ‘Nickel Ganbaa’ LLC, ‘Petrovis’ LLC and Khasbank are implementing the ‘UBIKE’ project in cooperation with the Ulaanbaatar City Administration to offer cheap bike rental service to residents and visitors alike.

...


64x64

Mongolia’s participation in the ITB and Malaysia’s misfortune www.mongolianeconomy.mn

When asked about how welcoming the country is to gay people and jews, “We have no such thing,” said the Minister of Arts, Culture and Tourism of Malaysia Mohammaddin Ketapi at the ITB 2019 exhibition which kicked off with much controversy.

The official partner of ITB this year was Malaysia with its jungles, sandy beaches and a myriad of cities that contained the colors of its colonization. However, by stumbling at the journalist’s question, the minister of the sector caused public outrage. Experts and media publications alike discussed that in doing so, he has blown away the high amounts of money the country spent on advertising tourism. Therefore, the country’s ambition to increase the number of tourists from 25 to 30 million has become questionable.

The annual gathering commenced at Berlin, Germany starting March 6 and there were over 10 thousand sector participants and company representatives and exhibitors from 181 different countries. Likewise, there was a total 160,000 visitors at the ITB. Representing Mongolia was the Deputy-Minister of Environment and Tourism N.Tserenbat alongside 50 other people from the public and private sectors. The top ten famed companies of Mongolian tourism presented at the exhibition.

Participating for the first time, the Director of the Mongolian Secret History LLC B.Oyun-Erdene said “In comparison to other exhibitions, Mongolia has familiarized itself fairly well at the ITB where tour operators approach us wanting to work in partnership” While the Director of Tsolmon Travel M.Navchaa taking part for the 26th year said “For the first few years of our participation, everyone used to ask what kind of a country Mongolia is and where it is located. Now, nobody asks this question anymore and is aware to a certain extent.”

It is a misconception to think that you can participate in the exhibition for the first time and immediately start signing contracts and bringing tourists. “After years of sustainable participation and contact established with the tour operators, they begin to trust you,” highlighted Ms.Navchaa and advised this to younger operators. As for the major companies of the sector, they need to meet organizations that run similar operations in other countries, establish new partnerships, update the contracts, and present their new products to each other. This is the main speciality of the exhibition. Mayor of Berlin Michael Muller gave special attention to the opening of Mongolia’s exhibition.

Mongolia has been participating in the exhibition since 1999 and was a feature country in 2015. Though Mongolia has spent 5.4 billion MNT from the government and 2.5 billion MNT from the private sector since then, the aimed 30 percent increase in tourism has not happened. The main reason for this relates to the deficit of available flights. Last year, Mongolia received 529,000 tourists which is an 11 percent increase compared to 2017 in accordance to the General Authority for Border Protection. To maintain this growth, there is a need to increase flight frequencies and routes to improve service quality.

This year, a hefty investment amount of seven billion MNT from the state budget has been allocated to the tourism sector. According to the Minister of Nature, Environment and Tourism N.Tserenbat, the ministry is working to provide various human resources training to improve the quality of service in the country. The WTO has noted that the sector will focus on education in order to maintain the sector’s employment and improve the quality of services believes Zurab Pololikashvili, Secretary General of the organization.

Additionally, the minister of the sector highlighted how they will go headstrong into marketing. In particular, they are to work on advertisements that are targeted to those who are interested in Mongolia. When people search up Mongolia on social media or the World Wide Web, further information and contacts are to be offered to them. The sectoral policy is also to focus on having tourists from particular countries get their visa from the border or even get them online.

On the first day of the exhibition, the presented an interactive website www.mongolia.travel which introduces Mongolia as a whole. The online site was made by Chameleon Strategies Company. Furthermore, the ministry is to cooperate with Amadeus Company, an expert organization in tourism technology. Out of many discussions taking place with different topics, the minister of the sector participated actively in the policymakers of the Silk Road countries.

During March 7, the second day, a sub-event of the ITB “The Golden Gate” international tourism multimedia competition awarding ceremony took place. In the best video category of tourism, “Welcome to Mongolia” by Tsolmon Travel LLC and artist M.Myagmar snatched top place.

Trends and the future
Tourism alone grew by six percent in the world, far exceeding even the world economic growth which was at 3-4 percent. Due to the increase in consumption of new technology, the number of women in tourism entrepreneurship is according to the WTO Secretary General.

Malaysia said that they will continue to be more sustainable in tourism and implement projects that help balance the ecology and nature said the Minister of Arts Culture and Tourism. Last year, the country received 25 million tourists and this year, they are aiming for 30 million.

The issue of climate change and over-crowded tourists were a hot topic this year for ITB Berlin. Participants of the physical gathering increase even more so each year though it is the digital age. This perhaps shows that not all relations are becoming digitalized. Also, the issue of the transportation sector was not left behind because of the recent large changes in the sector including self-driving cars, electric cars and trains. This year, the amount of health tourism companies and the booths that they get increased proving that the particular type of tourism is very popular right now. You can say that the next market that is high on demand is business tourism. Technology related tourism has risen by 20 percent and this has led to ITB Berlin even allocating a special place for the relevant technology of this year. In relevance to how much the Indian economy is expanding, India is organizing their own ITB starting next year at Mumbai.

Turkey has been losing tourists in the last four years to Spain as a result of series of political repression and terrorist attacks, but starting this year, their tourism is picking up again highlighted Norbert Fibbik, President of the Tourism Federation of the country. Turkey has planned to receive 50 million tourists this year. Moreover, tourism in politically stable countries such as Tunisia and Bulgaria is to grow strongly. The number of European tourists is likely to decline, but the growth of US and Russian tourists is to increase.

Tourism magnet Spain begun with a jump start this year, but is overshadowed by the renaissance of its mediterranean neighbors and is potentially no longer able to keep their inflow at a steady increase. The expenditures Germans will spend on tourism is to increase while Britain’s tendency will decrease due to Brexit related issues. Furthermore, as the livelihood of Chinese people increase, they are to invest more into travelling and by 2023, approximately 115 million citizens are expected to do so. In expenditure form, this would mean that they will travel at the accumulated cost of 250 million USD. From Chinese tourists, the European countries are to profit the most according to the Chinese Foreign Market Research Institute.

The ITB Berlin exhibition is held March 6-10 every year. In the first two days the sectoral participants commence together and conduct to business meetings and the last two days are for the general exhibition that is open to the public.

Participants from Mongolia consisted of the Ministry of Nature, Environment and Tourism, the Mongolian Embassy to Germany, The Ulaanbaatar Mayor’s Office, Ulaanbaatar City Tourism Department, MIAT LC, A Star Mongol LLC, AB Travel LLC, Ar Mongol LLC, Great Genghis Tours&Expeditions LLC, Juulchin LLC, Juulchin World Tours LLC, Mongolian Secret History LLC, Nature Tour LLC, Red Rock Resort, Tsolmon Travel, and the Gerege Digital Technology LLC.

...


64x64

Erdenes Mongol CEO meets representatives of Orano group of France www.montsame.mn

Ulaanbaatar /MONTSAME/ CEO of Erdenes Mongol LLC P.Gankhuu yesterday met with a delegation led by Nicolas Maes, Senior Executive Vice President at Orano Group of France.The Group mines uranium and implements exploration projects in Mongolia, Canada, Kazakhstan, Niger, Namibia and others. The Government of France owns 92.2 percent stake in the Group, introduced Mr. Nicolas Maes in the beginning of the meeting.

The Orano Group operates in Mongolia through Areva Mongol LLC, Gogegobi LLC, and Badrakh Energy LLC. The Erdenes Mongol CEO highlighted that the projects at Zuuvch-Ovoo and Dulaan-uul deposits in Zuunbayan, Dornogobi are of great strategic importance for Mongolia and play major part in bilateral cooperation. The sides agreed to be attentive towards detailed research and development works.

...


64x64

Coal mining comes back to the UK with $218 million project www.mining.com

A new £165 million (about $218 million) coal mine, Woodhouse Colliery, has been unanimously approved by councillors in the county of Cumbria, in northwest England. The mine promises hundreds of jobs, but also protests by environmental activists.

West Cumbria Mining plans to open the country’s first new deep coal mine next to the site of the former Hag colliery in Whitehaven, which closed down three decades ago.

The Woodhouse Colliery is set to create 500 jobs, but opponents say it will also contribute to global warming, Gizmodo reports.

Once Woodhouse Colliery begins operations, West Cumbria plans to extract and process around 2.5 million tonnes of metallurgical coal a year, for five decades, to supply UK and European steel-making coal plants. These currently import around 45 million tonnes from the USA, Canada, Russia and Australia annually.

The last deep mine in the UK, Kellingley Colliery in North Yorkshire, shut in 2015.

...


64x64

Sumitomo Electric Receives Certificate of Appreciation from Mongolia's National Power Transmission Grid www.global-sei.com

Since 2013, Sumitomo Electric Industries, Ltd. has worked on a project to demonstrate and verify power loss reduction by introducing energy-saving power transmission systems in Mongolia, which has signed a Joint Crediting Mechanism (JCM)*1 partnership agreement with Japan. Sumitomo Electric and Hitachi, Ltd.*2 have recently received a certificate of appreciation from Mongolia's National Power Transmission Grid (NPTG) for their introduction of advanced technologies that help reduce carbon dioxide (CO2) emissions and consequent contribution to economic development in Mongolia and electric power supply to areas without electric service.

This project is part of the Demonstration and Verification project for a High Efficiency and Low Loss Power Transmission and Distribution System in Mongolia (2013 to 2019), which has been implemented by Hitachi, Ltd. under a commission from the New Energy and Industrial Technology Development Organization (NEDO*3). Sumitomo Electric's low-loss and large-capacity power cables were adopted for the power transmission line between Oyu Tolgoi Substation and Tsagaan Suvarga Substation, through which electricity was supplied to mines and areas where no electricity had been available. Based on data obtained from monitoring the power transmission volume, the power loss reduction effect is converted into equivalent CO2 emissions. Since a one-year monitoring period has finished, The Project Participants in this project can apply for issuance of credits for reduction of CO2 emissions.

By developing unique products and technologies, Sumitomo Electric will continue its efforts to tackle environmental issues through stabilizing electric power supply, promoting energy saving and reducing CO2 emissions in and outside Japan.

...


64x64

Views exchanged on improving quality of English language education www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Education, Culture, Science and Sports Yo.Baatarbileg yesterday met with Ambassador Extraordinary and Plenipotentiary of the United States to Mongolia Michael S.Klecheski.

Minister Yo.Baatarbileg said that bilateral relations have been actively developing especially in education sector, giving its benefits. "In particular, I am grateful that over 70 Mongolian students have held master’s degree in in-demand jobs studying in US universities and colleges since 2011 within the Fulbright scholar program being co-financed by the Governments of Mongolia and the United States."

Saying that the Ministry of Education will focus attention on educating youths in science, technology and innovation, jointly implementing teachers exchange program, involving teachers in short and long-term retraining as well as intensifying English language training in secondary schools, the Minister requested to cooperate in these areas.

Ambassador Michael Klecheski said he would give support to realize proposals and initiatives for deepening educational, cultural and scientific cooperation. Requesting assistance on resolving some barriers related to visa for foreign teachers working in international schools, Mr. Michael Klecheski said he would pay attention on improving quality of English language education.

The sides also emphasized significance of marking 2019 as Mongolia-United States Youth Year in broadening scope of bilateral ties, strengthening people-to-people relations and increasing youth engagement.

...


64x64

Standing committee passes bills on foreign loans www.zgm.mn

Parliamentary Standing Committee on Budget discussed the bill on the Government’s rights to draw loans from foreign countries and international organizations, and passed the General Financing Program between the Government of Mongolia and the Asian Development Bank (ADB) and the draft amendment on the general agreement and conditions between the Mongolian Government and the Government of the Republic of Poland.

The Government has negotiated with the ADB to cooperate on finance, agriculture, education, health, and agriculture in 2017-2020. In this context, USD 334 million will be allocated to Mongolia. The fund will be used in five projects including vegetables, border services, irrigation, regional roads, and free economic zones.

Plus, the European Bank for Reconstruction and Development (EBRD) offered to grant loans up to USD 300 million. The loan will have a maturity of 10-16 years with a moratorium of three years. Up until today, the EBRD has invested 99 projects that amount to EUR 1.6 billion and the financing of this project was directed entirely towards private sectors.

However, Mongolia will use the current loan to build the road from Darkhan to Ulaanbaatar. The road will have four lanes and two lanes will be constructed by the ADB and the remaining two lanes will be built by the EBRD. The spending of remaining funds is still unclear, but the Finance Minister Khurelbaatar Chimed said that the total amount of fund will USD 300 million.

...


64x64

French court may open trial for JOC chief www.nhk.or.jp

A French court is engaged in preliminary procedures to decide whether to hold a trial for Japanese Olympic Committee President Tsunekazu Takeda.

French prosecutors suspect Takeda of involvement in bribery over Tokyo's successful bid to host the 2020 Olympics and Paralympics.

They suspect Takeda approved the Tokyo bidding committee's payment of 2 million dollars to a company in Singapore in 2013.

The prosecutors say the firm was linked to the son of an International Olympic Committee member at the time. They say the payment was a bribe because the member could influence the selection of the host city.

Takeda denies the allegation, saying the payment was a consulting fee for bidding activities, including lobbying and planning.

The focus of the preliminary procedures is whether the court sees the payment as a fee or bribe.

French judicial authorities say a preliminary judge may question Takeda if necessary.

...


64x64

Fewer than 3,800 Mongolian Saiga antelopes remain in Mongolia: WWF www.xinhuanet.com

ULAN BATOR, March 19 (Xinhua) -- Merely 3,800 Mongolian Saiga antelopes, a critically endangered species, existed in Mongolia at the end of 2018, down nearly 40 percent year on year, according to the World Wide Fund for Nature (WWF)-Mongolia on Tuesday.

The decline is mainly due to drought-related food shortage, WWF-Mongolia Director Dorjgurkhem Batbold told Xinhua.

"The Saiga antelope population of Mongolia has been very unstable for many years. Several factors, including infectious diseases, harsh weather conditions and poaching, have negatively affected the growth of the population," said Batbold.

The species' population has suffered a roller coaster since 2001 when its number declined to only 750 following a summer drought and a harsh winter, he said.

Due to continuous efforts by the WWF-Mongolia and MAVA foundation, it had risen to 14,000 by 2016, he added. However, a combination of an outbreak of goat plague and the extreme wintry weather locally known as "dzud" in 2017 reduced the number to 5,000.

To help the species overcome harsh winters, experts from the WWF have been taking desperate emergency actions, including putting a ton of additional hay or 400 bundles in the animal's ranges over the past winter, according to Batbold.

In addition, the WWF-Mongolia started implementing an initiative called "GG-6" (Great Gobi's or Gobi's Gracious Six) since 2016 to sustain the Gobi's ecosystem using six iconic species, among which are the Mongolian Saiga antelopes, he said.

"Joint efforts are needed to protect endangered species," Batbold said, urging governments and international non-governmental organizations to protect the Saiga antelopes and others.

To prevent the extinction of the antelopes that currently live in western Mongolian provinces, including Govi-Altai, Khovd and Uvs, it is necessary to relocate them, according to the WWF-Mongolia.

This year, the WWF-Mongolia is planning to conduct studies on relocation within Mongolia, and more funding is required for the endeavor in the years ahead, said Batbold.

...


64x64

KFC Mongolia scandal: Colonel Sanders pays USD 20,000 compensation www.news.mn

The General Agency for Specialized Investigation of Mongolia held a press conference earlier today (19 March) over the serious food poisoning at KFC in Ulaanbaatar. A total of 247 people became ill on 10 February after eating chicken products from the same KFC outlet in Zaisan – a well-off suburb in the south of Ulaanbaatar. In total, 42 of them underwent treatment at the National Centre for Communicable Diseases (NCCD). After the incident, the agency investigated all 11 branches of Kentucky Fried Chicken in Mongolia and revealed a total of 64 violations. Three branches of KFC have been fined MNT 3 million each by Mongolian Police and one branch has been ordered to pay MNT 300 thousand.

Furthermore, 410 employees of KFC branches underwent medical examinations: nine of them had not had the required health tests and one employee had false medical documentation.

The KFC outlet in Zaisan has paid MNT 49 million and 400 thousand, which is USD 19,662 to the 287 victims of food poisoning. KFC was fined MNT 14 million and law enforcement bodies have seized MNT 8.5 million in revenue from the branch.

...