1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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

Erdenet copper scandal: arrests in UB www.news.mn

Earlier today (5 March) Mongolian police arrested D.Erdenebileg, owner of the Trade Development Bank of Mongolia (TDBM). The businessman was arrested from his apartment in the Khan-Uul District of Ulaanbaatar. Another arrest was that of former CEO Ts.Orkhon, who was handcuffed at his office. In addition, Ts.Purevtuvshin, CEO of Mongolian Copper Corporation (MCC) was brought to the police station for questioning.

MP L.Oyun-Erdene said that D.Erdenebileg played a large role in MCC and in the purchase of 49 percent of the Erdenet Mining Corporation from Russia. However, Ts.Purevtuvshin has denied that TDBM was involved in the purchase.

MCC purchased the Erdenet mine from Russia in 2016 with the approval of then Prime Minister Ch.Saikhanbileg, though parliament says it never endorsed the sale. Erdenet is one of the region’s largest copper mines, producing 530,000 tonnes of copper concentrate a year.

...


64x64

Energy Minister pays official visit to Czech Republic www.montsame.mn

Ulaanbaatar/MONTSAME/ Minister of Energy Ts.Davaasuren recently paid an official visit to the Czech Republic at the invitation of Czech Minister of Industry and Trade Marta Novakova.
 
Within the visit, Mr. Davaasuren held official meeting with Ms. Marta Novakova, Czech Minister of Industry and Trade, at which the parties expressed interest to develop bilateral cooperation in energy sector, especially in the fields of renewable energy and hydropower plant and exchanged views on building decent source of energy, increasing the capacity of energy grid and conducting joint researches.
 
Moreover, Mr. Davaasuren met with Mr. Stanislav Berkovec, Member of the Chamber of Deputies of the Parliament, chairman of Election Committee of the Parliament and member of Czech-Mongolia inter-parliamentary group. They discussed about expanding bilateral economic and trade cooperation, implementing joint projects and programs and strengthening ties of businessmen.
 
Energy Minister Davaasuren also held a meeting with Senator Mr. Jaroslav Doubrava and exchanged views on cooperation opportunities of energy sector.
 
Mongolian delegation headed by Mr. Davaasuren visited ‘ZPA Smart Energy’ Company that is implementing smart electricity meters and modern metering system at ‘Ulaanbaatar Electricity Distribution Network’ Company, where the sides shared views on further cooperation in reducing energy loss and strengthening reliable operation of the network.
 
As a part of the visit, the delegation saw operations of Les Kralovstvi hydropower plant on the River Elba.
...


64x64

IMF: Mongolia’s economy expected to grow up by 8 percent in 2019 www.montsame.mn

Ulaanbaatar /MONTSAME/ Speaker of the parliament G.Zandanshatar received Neil Saker, International Monetary Fund (IMF) Resident Representative in Mongolia on March 4.  

At the meeting, Mr. Neil Saker briefed cooperation between the Government of Mongolia and IMF, Extended Fund Facility Program (EFF), its implementation and progress.

He said “IMF staff team has conducted the sixth review of EFF program in November, 2018. According to the review, Mongolia’s macro-economic indicators stand positive and all objectives have been fulfilled. Moreover, IMF considers that the Mongolian government made a big achievement in overcoming its economic crisis. As a result of the program, the country’s economic growth is expected to be around 8 percent in 2019, which was 1.2 percent in 2016. By improving budget integrity and discipline, the government had fiscal surplus last year for the first time. Furthermore, amount of Government debt has considerably decreased.”

Emphasizing that Mongolia’s economic growth has being accelerated with increased investment and improved budget discipline as the country got involved in IMF EFF program, Speaker G.Zandanshatar expressed his gratitude. ”Mongolia has a necessity to diversify its economy and it is required to implement a policy targeted to export and finance projects and programs in this direction.”

...


64x64

Mongolian central bank's gold purchase continues to decline www.xinhuanet.com

ULAN BATOR, March 4 (Xinhua) -- The Bank of Mongolia announced on Monday that its purchase of gold declined by 81 percent year on year in February.

The central bank has purchased 84.1 kg of gold from legal entities and individuals last month.

The dramatic decline was mainly related to the expiration of the effective period of low royalty taxes on gold with the 2014 amendments to the Minerals Law, according to experts from the Bank of Mongolia.

The 2.5-percent of discounted royalty on gold mining ended on Jan. 1. From then on, 5 to 10 percent royalty taxes on gold mining have been imposed on miners.

The Mongolian Minister of Mining and Heavy Industry Dolgorsuren Sumiyabazar has recently submitted a draft bill on extending the low royalty taxes to the country's parliament, according to the bank.

Gold miners in the resource-rich country are highly anticipating the discounted royalty taxes on gold to be extended.

The Mongolian central bank purchased only 12.7 tons of gold in 2014. Thanks to the low royalty taxes on gold with the 2014 amendments, the central bank's annual gold purchase almost doubled to 22 tons in 2018.

...


64x64

Plastic bag ban implemented across Mongolia www.news.mn

A ban on single-use plastic bags across Mongolia came into force on Friday, (1 March) aiming to protect the environment and public health.

Plastic bags are the most common kind of litter in the world and pose a threat to the environment, as well as the health of humans and animals. Uranchimeg, who is director of the clean technology at the Investment and production division at the Mongolian Ministry of Environment and Tourism, noted that for this reason the Mongolian government has decided to ban the use, sale, import and production of single-use plastic bags thinner than 0.035 mm across the country.

The Mongolian Customs General Administration and Mongolian State Professional Inspection Agency will monitor the ban’s implementation.

Individuals and enterprises that violate the ban will be fined from MNT 300,000 (around 114 U.S. dollars) to MNT 1 million (about 380 dollars).

It is estimated that more than 2 million tons of waste, including 500,000 tons of plastic waste, are produced in the country each year. Out of the plastic waste, less than 10 percent is recycled, according to the Mongolian Ministry of Environment and Tourism.

...


64x64

EMC’s debt to Standard Bank soars to USD 130 million www.zgm.mn

EMC’s debt to Standard Bank soars to USD 130 million

zgm.mn 2019 03 05

Chief Cabinet Secretariat Oyun-Erdene Luvsannamsrai and MPs including Batzandan Jalbasuren and Bold Luvsanvandan held a press conference at the state palace, yesterday, on the reportedly new facts regarding ownership and purchase of Erdenet Mining Corp.’s (EMC) 49 percent stake. 49 percent of the EMC was brought to Mongolian ownership after Mongolian Copper Corporation (MCC) purchased it from Russia’s Rosneft in 2016. The purchase has since been under considerable political battle since. The facts disclosed today reportedly revealed that the financial scheme the stake was bought, but failed to provide any indication that the purchase was illegal. According to the officials, the case is still under investigation, for the third year.

After being inquired about the fate of Mongolian Government owned 51 percent stake of the same factory, officials led by Mr. Oyun-Erdene said the case is under review. The 51 percent stake owned by the Government of Mongolia has been collateralized at the Standard Bank of South Africa in 2009. Failure to pay the debt led to an arbitral decision. As of today, total amount of fine Mongolian Government, namely the EMC owes the Standard Bank has totalled USD 130 million.

Regarding false accusations made by the Chief of Cabinet Secretariat, Purevtuvshin Tsooj, CEO of MCC turned to the court late last week.

 
 
...


64x64

Mongolian hockey team leads the group at ‘Challenge Cup of Asia’ www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian team is leading the group with two wins at the ‘Challenge Cup of Asia’ tournament organized by the International Ice Hockey Federation (IIHF) in Kuala Lumpur, Malaysia.

National teams of Malaysia, Mongolia, Singapore, the Philippines, Indonesia, Macau and Oman are competing in the two groups. Mongolian team, which is in Group A with Malaysia, Singapore and the Philippines, beat Malaysian team in the first group match 9-5. On March 4, our team won the second match, beating Singapore national team 13-3. The last group match will be held with Philippines on March 6.

Last year, Mongolian national hockey team turned a new page in the national hockey history, becoming the champion of 2018 IIHF Challenge Cup of Asia.

...


64x64

Mongolian Finance Minister visits Kuwait www.news.mn

Mongolian Minister of Finance Ch.Khurelbaatar in making an official visit to Kuwait on March 4-5 for talks on further boosting relations between the two countries.

The planned visit, the second of such level following the December visit by the Mongolian foreign minister, indicates the depth of the bilateral relations “and constitutes the basis for cooperation in all spheres”.

Dubbing the mission as an opportunity to raise the level of economic and investment cooperation between the two countries, the ministry said the Mongolian finance minister would look, along with the Kuwaiti officials, into economic issues of common concern.

Kuwait and Mongolia are partners in China’s strategic “silk road” initiative, which shares much with Kuwait Vision 2035.

The Mongolian prime minister is scheduled to visit Kuwait later this year. Moreover, the two countries are scheduled to hold the first round of political consultations in April, in addition to convening the second session of the joint economic and technical cooperation commission in the Mongolian capital, Ulaanbaatar.

...


64x64

Two die and four missing after gold mine accident www.news.mn

Two people died and four others are missing after a gold mine collapsed in Mongolia’s central province of Tuv on Thursday afternoon. Officers from the National Emergency Management Agency (NEMA) managed to rescue two miners and pull out the bodies of two others after having dived into 5m of icy water.

According to NEMA, the search for the four missing miners took place in very difficult conditions. The gold mine where the tragedy struck is run by Eco Altan Zaamar.

The General Agency for Specialised Investigation said, the cause of collapse has been identified. However, they have refused to give information to media pending prosecution approval.

The day before the mine collapse, a 4.6-magnitude earthquake struck Zaamar soum. This took place on Wednesday evening.

 
 
...


64x64

Australia’s gold production hits new record high www.mining.com

Australia’s gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years, consultancy Surbiton Associates says.

In the third quarter that ended Sept. 30, the country’s gold output totalled 81 tonnes, making it the third consecutive quarter where it exceeded 80 tonnes, they say in their latest report.

The country's gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years.
“Overall, production is remarkably stable, despite the ups and downs at individual operations,” Surbiton director Sandra Close said. “If gold output is maintained at current levels in the December quarter, output for the full calendar year 2018 will remain at a near-record level.”

Australia continues to solidify its position as the No. 2 gold-producing nation in the world, just behind China, the consultancy says.

The top five largest producers shifted over the course of the year, Surbiton notes.

Newcrest Mining's Cadia operation in New South Wales was 2018's top producing mine, dethroning Newmont Mining's Boddington operation in WA.

Cadia yielded just over 750,000 ounces while Boddington produced 710,000 ounces.

Newmont and Barrick Gold's Super Pit dropped to third last year.

Newmont's Tanami in the Northern Territory was fourth with 496,000 ounces of gold, while AngloGold Ashanti and Independence Group's Tropicana mine in WA was fifth with 477,908 ounces.

This year, Surbiton says, the country will benefit from additional production coming from Gold Fields and Gold Road Resources' new 300,000 ounces a year Gruyere mine in Western Australia. It will be also boosted by Kirkland Lake Gold's Fosterville mine in Victoria, which is expected to yield a record of about 600,000 ounces.

...