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 completing infrastructure work for oil refinery www.news.mn

It is a well-known fact that Mongolia has substantial oil reserves, but up to the present, has no refining capacity, the result: the country exports all its crude oil and has to import imports its petroleum products. This will all change when the new refinery is opened; completion is planned for 2023. The oil refinery will meet all the nation’s demands for petrol, diesel, aviation fuel and liquefied petroleum gas (LPG). The official ground-breaking ceremony of the oil refinery was attended by Mongolian Prime Minister Khurelsukh and Indian Minister of Home Affairs Rajnath Singh in June 2018.

The refinery, located in Altanshiree soum in the southern Dornogovi province, will be capable of processing 1.5 million tonnes of crude oil per year, said Mongol Refinery, the state-owned company responsible for the project, in a press release. That is about 30,000 barrels per day (bpd). Currently, construction of the oil refinery infrastructure is fully underway. This phase, which is the responsibility of the Mongolian government, is expected to be completed by the end of this year. After that, an Indian company will construct the refinery itself. A road connecting the refinery and Sainshand, the administration center of Dornogovi province, has been constructed by over 200 soldiers from the 7780th military unit with more than 80 bulldozers, graders and other vehicles.

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Mongolian Copper Corporation LLC proposes to negotiate with Gov't www.zgm.mn

Purevtuvshin Tsooj, the CEO of the Mongolian Copper Corporation (MCC) LLC, and Munkhbaatar Myagmar, the Chairman of the company, have offered to negotiate with the Mongolian Government regarding the 49 percent stake in the Erdenet Mining Corporation (EMC).

Mr. Munkhbaatar said, “MCC has submitted a request to Prime Minister Khurelsukh Ukhnaa. The obligation to conclude a deal with our company was provided to the Cabinet by a Parliamentary resolution in 2017. The court had adjourned to restore our company’s ownership of 49 percent stake in the EMC due to the fact that the sides did not settle on a deal. In connection with recent events, we are requesting again to negotiate. Previously, our request was submitted several times to the Prime Minister and other related authorities. The Parliament has approved the Resolution No.23 to instruct the Cabinet to hold negotiations with our company. A deal is a document signed by both parties. However, we have not done that.”

“Investigation on the 49 percent shares of EMC has been going on for over a year. I have given over 10 testimonies to both the Criminal Police and the Independent Authority Against Corruption. We see the Government's actions as a social demand. We are still willing to settle the issue. Our position remains unchanged and to confirm it, we are submitting the request to the PM,” noted Mr. Purevtuvshin.

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Youth aged 15-34 make up 56.5 percent of total registered unemployed www.montsame.mn

Ulaanbaatar/MONTSAME/ At the end of February 2019, the Labor and Social Welfare Services Agencies have registered 33.9 thousand job seekers, of which 24.0 thousand or 70.7 percent were unemployed and remaining 9.9 thousand or 29.3 percent were employed but looking for a new job.

Registered unemployed increased by 565 persons or 2.3 percent from the same period of previous year and increased by 381 persons or 1.6 percent from the previous month. A breakdown by gender shows that 12.6 thousand or 52.7 percent were women among total number of registered unemployed. By region, 7.6 thousand unemployed or 31.8 percent of total registered unemployed were in Ulaanbaatar, 6.2 thousand or 25.8 percent were in Khangai region, 4.3 thousand or 17.8 percent were in Western region, 3.4 thousand or 14.3 percent were in Central region and 2.5 thousand or 10.3 percent were in Eastern region.

From total registered unemployed at national level, 406 or 1.7 percent were with disabilities, of which 198 or 48.8 percent were women.

In February 2019, the Labor and Social Welfare Services Agencies of aimags capital have recorded 5.1 thousand newly unemployed and from registered 774 persons were hired on a new job. Due to inactive job seeking, 4.7 thousand persons were removed from the Unemployment Register.

Compared to February of previous year, the number of new registered unemployed were decreased by 645 persons or 11.1 percent and the number of persons removed from the Unemployment Register being inactive job seeker decreased by 63 or 1.3 percent, whereas the number of persons hired on a new job increased by 143 or 22.7 percent.

In February 2019, the Labor and Social Welfare Services Agencies have recorded 5143 new unemployed.

By the reasons of new registered unemployed, the highest percentage or 46.5 percent was person who dismissed from job.

By level of education attainment of registered unemployed at the end of February 2019, 47.7 percent had high school education, 30.3 percent had diploma or bachelor degree, 6.9 percent had technical and vocational training, 6.0 percent had secondary education, 4.5 percent had specialized secondary education, 2.3 percent had elementary school education, 1.2 percent had no education and 1.1 percent had masters and higher level of education.

From total registered unemployed at national level, more than half or 56.5 percent was accounted for young people aged 15-34. This rate was higher by 0.2-17.7 points in Khovd, Umnugovi, Selenge, Tuv, Dornod, Govisumber, Bayan-Ulgii, Uvurkhangai, Khuvsgul, Dornogovi, Uvs, Sukhbaatar, Govi-Altai, Dundgovi, Bayankhongor aimags compared to national average.


Source: National Statistics Office of Mongolia

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Mongolia’s exports rise by 30.4 percent www.news.mn

Exports from Mongolia jumped by 30.4 percent year-on-year – or USD 255.2 million – in first two months of 2019. This was mostly due to an increase in the sales of copper, coal as well as unprocessed gold. Gold export increased by USD 123.7 in first two months of 2019 from the previous year. Furthermore, imports increased by USD 111.5 million, due mostly to auto fuel, diesel oil, car parts and spares and sedan vehicles.

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Construction work of Winter Sports Palace to begin next month www.montsame.mn

Ulaanbaatar/MONTSAME/ On March 12, President of Mongolia Kh. Battulga met with the national hockey team that became a winner of Asia Challenge Cup 2019 tournament held in Kuala Lumpur, Malaysia.

At the beginning of the meeting, the President praised the achievement of national teams of 3x3 basketball, ice hockey and football, mentioning that a construction work of sports palace 'Steppa Arena’ will commence next month near Buyant Ukhaa Sports Complex according to Olympic standards, or sized 60x30 covering 12.7 thousand square meters.

He recalled his promise at their last meeting, held last year, on paying attention to creation of a winter sports complex to encourage and motivate athletes and said that as a result of talks with the Czech Republic and Canada, it was decided to build a new winter sports center 'Steppa Arena, with funding of USD15 million.

“It will be a part of preparations for Children of Asia International Sports Games to be held in Ulaanbaatar in 2020. Moreover, construction work of football and athletics arena with a capacity of 10 thousand people will start next month,” said the President.

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55.6 million pieces of securities worth MNT 13.4 billion traded in February www.montsame.mn

Ulaanbaatar/MONTSAME/ The money supply (broad money or M2) reached MNT 19.6 trillion at the end of February 2019, showing a decrease of MNT 60.7 billion (0.3 percent) from the previous month, while it shows an increase of MNT 3.7 trillion (23.1 percent) from the same period of previous year.

At the end of February 2019, the national currency in circulation reached MNT 854.1 billion, showing a decrease of MNT 185.1 billion (17.8 percent) from the previous month, whereas it showing an increase of MNT 3.7 billion (0.4 percent) from the same period of previous year.

In February 2019, the amount of outstanding loan to entities, enterprises and citizens amounted MNT17.2 trillion, increased by MNT 28.0 billion (0.2 percent) from the previous month and by MNT 3.4 trillion (24.7 percent) from the same period of previous year. At the end of February 2019, the principals in arrears amounted MNT 926.8 billion, increased by MNT 92.2 billion (11.0 percent) from the previous month, whereas it decreased by MNT 66.2 billion (6.7 percent) from the same period of previous year. The principals in arrears makes up to 5.4 percent of total loans, showing an increase of 0.6 points from the previous month and whereas if decreased by 1.8 points from the same period of previous year.

At the end of February 2019, the non-performing loans in banking system amounted MNT 1.8 trillion, increased by MNT 56.4 billion (3.2 percent) from the previous month and by MNT 578.2 billion (45.7 percent) from the same period of previous year. The non-performing loans in the banking system makes up to 10.7 percent of total loans, showing an increase of 1.5 points from the same period of previous year.

In the first 2 months of 2019, 74.6 million pieces of securities worth of MNT 35.3 billion were traded at the national stock market, which is increased by MNT 8.7 billion (32.8 percent) compared to the same period of previous year. The number of traded securities increased by 66.5 million (9.3 times more) pieces compared to the same period of previous year.

In February 2019, 55.6 million pieces of securities worth of MNT 13.4 billion were traded at the national stock market, which is increased by MNT 9.7 billion (3.7 times more) compared to the same period of previous year. The number of traded securities increased by 52.5 million (17.5 times more) pieces compared to the same period of previous year.

Trade of government bonds in secondary markets amounted MNT 1.2 billion in February 2019, which is decreased by MNT 0.7 billion (38.3 percent) compared from the same period of previous year.

In February 2019, average of top 20 indexes of the financial markets was 21 457.8 units, decreased by 126.6 units from the previous month and increased by 341.8 units from the same period of 2018.

In February 2019, total value of joint stock companies operating at stock market reached MNT 2.5 trillion, increased by MNT 4.0 billion (0.2 percent) from the same period of previous year.


Source: National Statistics Office of Mongolia

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Number of people living with HIV/AIDS in Mongolia reaches 270 www.xinhuanet.com

ULAN BATOR, March 12 (Xinhua) -- The total number of HIV carriers and AIDS patients in Mongolia has reached 270 after two new HIV cases were registered in the country's capital here last month, the National Statistics Office said Tuesday.

Almost 99 percent of the infections were sexually transmitted, according to a report issued by the office.

More than half of the HIV-infected are people between 20 and 44 years old.

The first case of HIV infection in Mongolia was recorded in 1992.

In the first two months of 2019, there were a total of 6,600 cases of infectious diseases reported across the country, up by 9.8 percent year on year, the report said.

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Japan to grant USD 1.8 mln non-refundable aid to Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ The Government of Japan will provide non-refundable aid worth USD 1.8 million for the environmental sector of Mongolia.

An exchange of notes on the non-refundable aid was signed today by Minister of Finance Ch.Khurelbaatar and Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia Masato Takaoka.

To strengthen bilateral strategic partnership, Mongolia and Japan have been expanding their cooperation in all fields including politics, society, and economy. For instance, Prime Minister U.Khurelsukh and his Japanese counterpart Shinzo Abe included the issue of deepening bilateral environmental cooperation in their joint statement last December. In this regard, Japan is providing the aid for conducting studies on protection of ecosystem and environment of Mongolia and equipping the Fresh Water Resources and Nature Conservation Center, highlighted the Ambassador.

Furthermore, Minister Ch.Khurelbaatar said “Projects on improvement of drinking water sources in Ulaanbaatar and reconstruction of the wastewater treatment plant are being implemented respectively with USD 350 million non-refundable aid from the Millennium Challenge Corporation and CNY 1 million soft loan from the Chinese government. Thus, the Government of Mongolia is planning to utilize the aid for improving fresh water supply”

Since 1990, the Japanese government has given Mongolia grants and loans totaling USD 2.8 billion and non-project grant aid of USD 195 million for the sectors of health, education, and social protection.

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US and Canada are the only two nations still flying a substantial number of Boeing 737 MAX 8s www.cnn.com

The only two nations still flying a substantial numbers of Boeing 737 MAX 8s are the United States and Canada.

India’s aviation authority is grounding the Boeing 737 MAX immediately, according to a tweet from the Ministry of Civil Aviation.

"These planes will be grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations," the tweet reads.

Fly Dubai said on its Facebook page that its fleet of Boeing 737 MAX 8 and 9 was also grounded, on a directive from UAE's General Civil Aviation Authority. It will use its fleet of Boeing 737-800 aircraft for flights instead to minimize disruption.

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Petro Matad begins drilling in four wells in Toson Uul www.news.mn

Oil exploration company Petro Matad has started its 2019 Mongolian drilling programme.

The planned activity begins with four wells located in Block XX; this is adjacent to the country’s main oil-producing area, the Toson Uul Graben in the Tamtsag Basin. Drilling will commence in Q2 in selected areas of this block, with the exact schedule to be determined by the finalization of contracts.

The first well in the campaign will be Heron 1, part of the Heron Prospect, identified as the southerly extension of a proven oil basin drilled by PetroChina in Block XIX. The prospective recoverable oil is 25 million barrels in a trap area of 5 square miles.

Once Heron 1 well is completed, personnel and equipment will be moved to the Gazelle Prospect, where Petro Matad expects to recover 13 million barrels of crude. Red Deer Prospect will follow, with recoverable resources set at 48 million barrels of hydrocarbons.

Industry regulator Mineral Resources and Petroleum Authority of Mongolia (MRPAM) approved the proposal for a two rig-strategy, which allows successful operations to be immediately followed by appraisal drilling.

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