1 AUS-BRITISH MINER'S PLIGHT IN MONGOLIA HAS 'CHILLING EFFECT' ON INVESTMENT WWW.MININGMAGAZINE.COM  PUBLISHED:2025/04/03      2 ULAANBAATAR INTRODUCES ADVANCED AI SOFTWARE TO SUPPORT POLICE INVESTIGATION WWW.MONTSAME.MN PUBLISHED:2025/04/03      3 ION ENERGY SECURES $13.5M DEAL WWW.INSIDEMONGOLIA.MN PUBLISHED:2025/04/03      4 PROGRESS OF NATURAL GAS PIPELINE PROJECT PRESENTED TO CABINET WWW.MONTSAME.MN PUBLISHED:2025/04/03      5 ULAANBAATAR TO IMPLEMENT 24 MEGA PROJECTS UNDER INTERNATIONAL FIDIC CONTRACT STANDARDS WWW.MONTSAME.MN PUBLISHED:2025/04/03      6 INTERBANK TRANSACTIONS NOW USE IBAN NUMBERS WWW.MONTSAME.MN PUBLISHED:2025/04/03      7 MEERECOMPANY SIGNS MOU WITH THE MONGOLIAN CENTER FOR HEALTH DEVELOPMENT WWW.SURGICALROBOTICSTECHNOLOGY.COM PUBLISHED:2025/04/03      8 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      9 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      10 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      ИПОТЕКИЙН ЗЭЭЛИЙН ДААТГАЛЫН ӨӨРЧЛӨГДСӨН ЗОХИЦУУЛАЛТ VIII/01-НЭЭС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     “ASPIRE MINING” 2024 ОНД A$6.6 САЯЫН ЦЭВЭР АШИГТАЙ АЖИЛЛАСНАА ТАЙЛАГНАЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ЕАЭЗХ-ТОЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ХЭЛЭЛЦЭЭР БАЙГУУЛСНААР ДНБ-ИЙ ӨСӨЛТ 6.1 ХУВИАР БУУРАХ ЭРСДЭЛТЭЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     НИЙСЛЭЛИЙН 18 БАЙРШИЛД ОЛОН ТҮВШНИЙ УУЛЗВАР БАРИНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     ХХОАТ-ЫГ 1 ХУВЬ БОЛГОХ САНАЛЫГ ТӨСВИЙН БАЙНГЫН ХОРООНД ШИЛЖҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/03     ГЕГ: АНУ-Д ХИЙСЭН ЭКСПОРТ 2024 ОНД $166.3 САЯ БОЛЖ, ӨМНӨХ ОНООС 4.5 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ХӨСҮТ: УЛААНБУРХНЫ 253 ТОХИОЛДОЛ БАТЛАГДАЖ, 7220 ХАВЬТАЛ БҮРТГЭГДЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     “JADE GAS” КОМПАНИ "УЛААН НУУР" ТАЛБАЙДАА ХОЁР ДАХЬ ХЭВТЭЭ ЦООНОГИЙН ӨРӨМДЛӨГӨӨ ЭХЛҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02    

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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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Russia-China jointly developed heavy-lift helicopters to be delivered by 2032 www.rt.com

The first of the 40-ton heavy-lift helicopters developed by Russia and China is to be delivered by 2032, chief designer of a Chinese helicopter manufacturer has revealed to state-linked newspaper Global Times.

China wants to learn from Russia’s vast experience in building heavy helicopters, according to Wu Ximing of the Aviation Industry Corporation of China.

“Russia is more experienced in the transmission system when it comes to 40-ton class helicopters, as Russia's Mi-26 is of the 56-ton class,” Wu said as cited by the outlet. “Our goal in the cooperation is to learn from Russia's strong points and close the gap.”
It is currently unclear what engine will be chosen to power the new model, Sina reported. The outlet noted that the Ukraine-made Lotarev D-136 turboshaft engine, which powers the Russian MI-26, is the most likely to be used.

Earlier this year, Russia's state corporation Rostec inked a landmark agreement on developing a next-generation heavy helicopter. The new aircraft is expected to be more powerful than US-made Sikorsky.
Earlier the corporation said that at least 200 Advanced Heavy Lift (AHL) helicopters are to be manufactured in China using Russia-supplied components. The AHL is to have a maximum takeoff weight of 38.2 tons and weight-lift capability of almost 15 tons.

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Erdenebat.D: Mongolia was required to raise $400 million within 12 days www.zgm.mn

Erdenebat Dondogdorj, head of the Democratic Party (DP) caucus in the Parliament, has informed of submitting a draft bill on the official dissolution of the caucus to the Parliament Speaker.

Accordingly, the DP members in the Parliament will steer without a group; thus, the Deputy Parliamentary Speaker appointed from the caucus will be ousted as the Law on Parliament obliges a political party with a parliamentary caucus to appoint a Deputy Speaker. As a result, Sanjmyatav Yadamsuren, the Deputy Speaker elected from the DP caucus, will resign from his position.

Mr. Erdenebat remarked, “I respect the self-resignation of Bold Luvsanvandan from the party. It should be noted that the caucus is under a disruption due to the situation. Also, the decision will not be tailored to the DP's opposition to the Parliament’s recent actions and will continue to monitor the executive branch.”

He then responded to the issues regarding the Erdenet Mining Corporation (EMC). “In June 2016, I submitted the 49 percent privatization of EMC to the Cabinet as the Minister of Industry. At the time, a letter came from Sergey Chemezov, the director of Rostek, Russia. The letter obliged to complete the payment transaction within 12 working days to purchase Rostech stake in EMC. This letter was delivered to the Government on June 1, 2016. The Government was faced with an option to make a legal decision to raise USD 400 million within 12 days. During the Cabinet discussion, I addressed the Government’s inability to buy the stakes within 12 days,” addressed Mr. Erdenebat.

He added, “If the EMC's 49 percent stake was granted to a Mongolian company, it would have allowed the country to claim full stakes in EMC. The contract was a well-made decision that was based on hard facts. In 2016, when the EMC's stake was owned by Russia, Mongolia’s state budget earned MNT 70 billion from the company. As for 2018 when a Mongolian firm held the 49 percent, the EMC's taxes paid to the state jumped by nine times. The economic benefits are clearly visible.”

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Body of fourth miner found after Mongolian mine collapse www.news.mn

Mongolia’s National Emergency Management Agency (NEMA) has announced that the bodies of the four miners uncounted for after a gold mine collapsed in the central province of Tuv in late February have been recovered.

The four miners were uncounted for after the incident took place the open-cast gold mine operated by the company Eco Altan Zaamar in the Zaamar soum of the province on 28 Februray.

NEMA added that the last body was retrieved from the mine, which is around 80 meters deep and 100 meters wide, on Saturday morning, as at least 100 people, including NEMA rescuers, took part in the search for the miners.

The reason behind the incident is yet to be determined.

 
 
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Deputy Minister S.Mungunchimeg pays a working visit to Australia www.mfa.gov.mn

A delegation headed by Deputy Minister for Labour and Social Protection S.Mungunchimeg paid a working visit to Australia from 4-8 March 2019. Officials from the Ministry of Labour and Social Protection as well as relevant provincial agencies were included in the delegation. During the visit, delegates visited Australian government organizations specializing in social welfare including the Department of Social Services, Department of Human Services, Australian Institute of Health and Welfare and Social Research Centre at the Australian National University, held meetings at management level, studied their experience and exchanged information. Also, delegates visited the social security payments and services agency Centrelink and learned about its operations.

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Mongolia suspends commercial operations of Boeing 737-8 jet www.xinhuanet.com

ULAN BATOR, March 11 (Xinhua) -- Mongolia's Civil Aviation Authority said on Monday that it had ordered the country's national air carrier MIAT to temporarily suspend its Boeing 737 MAX aircraft operations.

The move came a day after an Ethiopian Airlines 737 MAX 8 bound for Nairobi crashed minutes after take-off, killing all 157 people onboard. The accident was the second crash involving the 737 MAX in the last four months. In October, Indonesia's Lion Air plane crashed into the sea off the country's capital of Jakarta, killing all 189 people onboard.

"We decided to suspend operations of MIAT's Boeing 737 Max 8 plane from Monday until further notice," the Mongolian Civil Aviation Authority said in a statement.

The national carrier of Mongolia received a Boeing 737 Max 8 jet on Feb. 21. The delivery was first of four 737 MAX ordered by the MIAT.

Ethiopian Airlines has grounded its Boeing 737 MAX 8 fleet on Sunday after the accident.

Boeing said Sunday that it has delayed the roll-out of its new 777X aircraft, which had been scheduled for March 13. The widebody aircraft, according to Boeing's official website, "will be the largest and most efficient twin-engine jet in the world."

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Potential outcomes from Parliament’s irregular session www.zgm.mn

After months of delay, the Parliament will be discussing several bills that have 
high-impact on investment environments, such as the tax package, procurement, and 
minerals, at its irregular session this week.

These three bills include a range of articles that are favorable for investors. For 
instance, the tax package will cut the deduction on special permission sales from 30 
percent to 10, taxes on dividends allocated from stocks to 5 percent and the savings 
rate of commercial banks to 5 percent. Plus, the bill will also allow for a 90 
percent tax return on small and medium-sized enterprises with an annual income of up 
to MNT 1.5 billion. Within the frame, the tax threshold for entities, which 
currently stands at MNT 3 billion, will be increased to MNT 6 billion, and the 
depreciation period will be lowered. The tax package also sets loss carryforward at 
five years regardless of sector.

As for the draft law on procurement, it offers a 20 percent preferential reduction 
on prices of goods of Mongolian origin to support domestic production due to the 
fact that import products account for over 90 percent of Government purchases. The 
National Industrial Council emphasized that the current bill does not support the 
domestic industry and leading to a stimulation of imports, ultimately causing 
negative impacting on the economy.

The Minerals Law, which has been the center of attention for investors for several 
months, will give a five-year extension to the 2.5 percent gold royalties. The 
discount period was ended this year, resulting in about 6-9.5 percent royalties. 
Analysts previously marked that gold purchase of the Bank of Mongolia (BoM) dropped 
significantly with the increased gold tax.

Additionally, the release of the Director and Deputy Director of the Independent 
Authority Against Corruption, as well as the appointment of the Chief of the General 
Staff of the Mongolian Armed Forces and the Deputy Prosecutor General, are also on 
the Parliament’s order list in relations to the end of their tenure.

 
 
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Commander of United States Special Operations Command visits Mongolia www.montsame.mn

Ulaanbaatar/MONTSAME/ Delegation led by General Raymond Thomas, Commander of United States Special Operations Command, visited Mongolia on March 7.

He paid a courtesy call on the President of Mongolia and General Commander of the Armed Forces Kh.Battulga and Minister of Defense N.Enkhbold and held bilateral meeting with Acting Chief of the General Staff of the Mongolian Armed Forces, First Deputy Chief, Major General R.Sukhbat.

At the meeting, the sides shared views on improving capacity to perform peace support and special operations, which is one of five principal directions of Mongolia-U.S. relations in defense sector and cooperation in the armed forces.

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Mongolia to cooperate with Cuba in treatment of diabetes www.montsame.mn

Ulaanbaatar /MONTSAME/ Director of the First Central Hospital of Mongolia D.Chuluunbaatar, Ambassador of the Republic of Cuba to Mongolia Raúl Delgado Concepcion, and CEO of Mongol Em Impex Concern B.Bolormaa signed a Memorandum of Cooperation on March 7.

Under the Memorandum, the sides will cooperate in the areas of early detection, management, and treatment of diabetic foot ulcers and capacity development of health professionals.

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Speaker G.Zandanshatar paying official visit to the Swiss Confederation www.montsame.mn

Ulaanbaatar/MONTSAME/ Speaker of the Parliament G.Zandanshatar has departed today to pay an official visit to the Swiss Conference on March 11-15, at the invitation of the President of the National Council of the Swiss Confederation.

Within the official visit, Speaker G.Zandanshatar will hold official talks with the President of the National Council Marina Carobbio Guscetti while getting acquainted with operations the National Council. Moreover, the Speaker will attend the celebratory event for the 55th anniversary of establishment of diplomatic ties between Mongolia and Switzerland, which is falling during the visit.

Furthermore, Member of the Swiss Council of States and Chair of the Foreign Affairs Committee of the Council of States Filippo Lombardi, State Secretary of the Federal Department of Foreign Affairs Paskal Baerisyvil and State Secretary for International Finance in the Federal Department of Finance Daniela Stoffel will pay a courtesy call on the Speaker.

Heads of Standing Committees on State Structure and Petitions D.Lundeejantsan and M.Oyunchimeg, Head of Mongolia-Switzerland parliamentary group Ts.Garamjav, member of the parliamentary group and MP L.Bold and MPs T.Ayursaikhan and O.Baasankhuu as well as other officials are included in the delegation.

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Mongolia to export meat products to Laos www.montsame.mn

Ulaanbaatar /MONTSAME/ Delegation led by the Head of Veterinary and Animal Breeding Agency D.Tumendemberel paid a working visit to the Socialist Republic of Vietnam and the Lao People’s Democratic Republic between February 25 and March 1.

The delegation held negotiations on exporting deep frozen mutton, goat, beef and horse meat to Vietnam according to the agreements of the 16th meeting of the Mongolia-Vietnam intergovernmental commission. Moreover, they met with Vietnamese Deputy Minister of Agriculture and Rural Development, and participated in the technical conference of Animal Health Department and Accreditation Agency. As a result, Vietnamese working group on risk assessment will pay working visit to Mongolia.

Our delegates got acquainted with the activities of major food producers that supply their products to Japanese, European and the US markets. The Vietnamese side agreed to supply healthy and safe chicken and seafood that meet international standards to Mongolia.

During their visit to the Lao People’s Democratic Republic, Mongolian delegation signed a cooperation agreement with the Department of Animal Health of Laos. Within the agreement, the parties reached agreement on the matter regarding veterinary quarantine on deep frozen meat and meat products to be exported by Mongolia to Laos, resulting in permitting Mongolia's export of animal products to Laos.

 
 
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