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

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Goldman Sachs' role in the 1MDB scandal - in 300 words www.bbc.com

The 1MDB corruption scandal has cast a shadow over Goldman Sachs, raising questions about how much the US investment bank knew about the misconduct.

What is Goldman accused of?
The firm helped raise $6.5bn (£5bn) for the Malaysian development fund, advising on three bond offerings in 2012 and 2013.

Prosecutors allege more than $2.7bn was later embezzled, used to bribe government officials and buy luxury items.

In November, Goldman's lead banker on the deals, Tim Leissner, pleaded guilty in US court to participating in the bribery and money laundering schemes.

Malaysia's attorney general then charged Goldman with helping to "dishonestly misappropriate" money from the fund.

He noted that the $600m Goldman earned for its work was "several times higher" than industry norms.

The firm remains under investigation in the other countries, including the US, and is also facing lawsuits from investors.

What does Goldman say?
Goldman says the Malaysia charges are "misdirected".

It says the firm's compliance officers were deceived about aspects of the deal, including the role of Malaysian financier Jho Low, whom the bank had previously rejected as a client.

But news reports have described the firm's former chief executive, Lloyd Blankfein, meeting Mr Low and former Malaysian Prime Minister Najib Razak.

Mr Leissner, Goldman's South East Asia chairman until he left the firm in 2016, has said the decision to hide information from Goldman's compliance officers was "very much in line" with company culture.

What penalties could Goldman face?
Malaysian authorities are seeking fines of more than $3bn.

Goldman has warned investors of the risk of "significant" penalties and increased the money set aside for legal liabilities to $1.8bn.

As its legal costs surge, it has also said it will withhold millions due to some of its top executives, including Mr Blankfein, pending the outcome of the probes.

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MOU signed between EIL and Mongolia for Project Management Consultancy for oil refinery www.pib.nic.in

Memorandum of Understanding (MoU) between Engineers India Ltd, a PSU under the Ministry of Petroleum and Natural Gas, and the Government of Mongolia through Mongol Refinery State Owned LLC was signed today, on the sidelines of PETROTECH-2019 event at Greater Noida, UP. The MoU is for Project Management Consultancy services for construction of an oil refinery plant in Mongolia by EIL. Government of Mongolia is in process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under Line of Credit (LoC) extended by Government of India. EIL has carried out Detailed Feasibility Study for the project. It has been pre-qualified and subsequently shortlisted for providing project management consultancy services to Mongol Refinery for the project. The MoU was signed by DrAltantsetsegDashdavaa, Executive Director, Mongol Refinery State Owned LLC and Mr R.K.Sabharwal, Director (Commercial), EIL in the presence of Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, and the Mongolian minister.

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Mongolia to promote culture, traditions with winter festival www.xinhuanet.com

ULAN BATOR, Feb. 10 (Xinhua) -- Mongolia will host a winter festival on Feb. 16-17 near the capital city of Ulan Bator, local media reported Sunday, citing Ulan Bator's tourism department.

The festival is aimed at promoting the Mongolian culture and traditions, developing winter tourism and attracting both domestic and foreign tourists to the capital city.

The festival program consists of a traditional part, featuring traditional games, a folk concert and a parade of people in national costumes, and a modern segment featuring figure skating, hockey, skiing, snowboarding, ice climbing and dog sledding.

The Mongolian government has been making efforts to develop the tourism sector and promote the country's economic growth.

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New oviraptorosaur species discovered in Mongolia www.geologypage.com

A new oviraptorosaur species from the Late Cretaceous was discovered in Mongolia, according to a study published in February 6, 2019 in the open-access journal PLOS ONE by Yuong-Nam Lee from Seoul National University, South Korea, and colleagues.

Oviraptorosaurs were a diverse group of feathered, bird-like dinosaurs from the Cretaceous of Asia and North America. Despite the abundance of nearly complete oviraptorosaur skeletons discovered in southern China and Mongolia, the diet and feeding strategies of these toothless dinosaurs are still unclear. In this study, Lee and colleagues described an incomplete skeleton of an oviraptorosaur found in the Nemegt Formation of the Gobi desert of Mongolia.

The new species, named Gobiraptor minutus, can be distinguished from other oviraptorosaurs in having unusual thickened jaws. This unique morphology suggests that Gobiraptor used a crushing feeding strategy, supporting previous hypotheses that oviraptorosaurs probably fed on hard food items such as eggs, seeds or hard-shell mollusks. Histological analyses of the femur revealed that the specimen likely belonged to a very young individual.

The finding of a new oviraptorosaur species in the Nemegt Formation, which consists mostly of river and lake deposits, confirms that these dinosaurs were extremely well adapted to wet environments. The authors propose that different dietary strategies may explain the wide taxonomic diversity and evolutionary success of this group in the region.

The authors add: “A new oviraptorid dinosaur Gobiraptor minutus gen. et sp. nov. from the Upper Cretaceous Nemegt Formation is described here based on a single holotype specimen that includes incomplete cranial and postcranial elements. The unique morphology of the mandible and the accordingly inferred specialized diet of Gobiraptor also indicate that different dietary strategies may be one of important factors linked with the remarkably high diversity of oviraptorids in the Nemegt Basin.”

Reference:
Sungjin Lee, Yuong-Nam Lee, Anusuya Chinsamy, Junchang Lü, Rinchen Barsbold, Khishigjav Tsogtbaatar. A new baby oviraptorid dinosaur (Dinosauria: Theropoda) from the Upper Cretaceous Nemegt Formation of Mongolia. PLOS ONE, 2019; 14 (2): e0210867 DOI: 10.1371/journal.pone.0210867

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MIAT’s new 737 MAX 8 fleet boosts tourism for Mongolia and outlook for new airport www.blueswandaily.com

MIAT Mongolian Airlines has taken delivery of the first of four 737 MAX 8s, kickstarting a new expansion phase. All four aircraft are slated to be delivered by the end of 2020 and will be used to support a Mongolian government plan to boost air transport and tourism as a new airport opens at the capital Ulaanbaatar.

MIAT is one of Asia’s smallest airlines and has not pursued significant expansion for several years. The Mongolian market also has not grown – in stark contrast to virtually every other Asian market – due partially to a restrictive aviation policy that has protected MIAT.

Mongolia is now showing signs of opening up, recognising it needs a more liberal environment to increase tourism and utlise its new international airport.

As CAPA – Centre for Aviation highlighted in a 2017 report, Mongolia needs to boost tourism and loosen restrictions on foreign airlines to avoid Ulaanbaatar’s new airport from becoming a white elephant. The new airport will initially have capacity for 3 million annual passengers, which is triple the traffic at the current airport, and has ample space for growth to support Mongolia’s hub aspirations.

While generating significant sixth freedom traffic will be challenging, Mongolia should be able to grow inbound leisure traffic and attract some transit traffic. Several airlines are looking to launch services to the new airport, which is now slated to open in summer 2019 following a one-year delay.

Kazakhstan’s SCAT recently announced plans to launch services from Astana to Ulaanbaatar in Jun-2019. Air Astana tried to launch Astana-Ulaanbaatar in summer 2016 but was rejected by Mongolian authorities at the last second, forcing it to delay the launch, and has not since reapplied. Mongolia’s apparent approval of an application from SCAT is the latest indication of a new more liberal regime.

Mongolia last month forged an expanded air services agreement with South Korea that permits a second Korean airline to operate the Ulaanbaatar-Seoul route. Asiana, which has been keen to start competing on the Ulaanbaatar-Seoul route for years, is expected to enter the market this summer. The new bilateral with Korea also expands the capacity entitlements for both sides by 70%, which will likely also lead to more flights to Seoul from MIAT.

Seoul is the largest destination from Ulaanbaatar; Incheon is a popular transit point for traffic to/from Mongolia and there is also significant traffic in both directions. However, the route has been undersupplied for years due to the restrictive bilateral, which only provided rights to Korean Air and MIAT.

Korean Air is by far the largest foreign airline in Mongolia. Ulaanbaatar is currently only served by four other foreign airlines: Air Busan from Busan; Air China from Beijing, Turkish Airlines from Istanbul via Bishkek; and Aeroflot Russian Airlines from Moscow. MIAT has codeshare partnerships with Korean Air and Aeroflot, further limiting competition in the two biggest markets.

MIAT has only eight destinations: Bangkok (winter only), Berlin (served via Moscow), Busan, Frankfurt (summer only) Hong Kong, Moscow, Seoul Incheon and Tokyo Narita. The new 737 MAX 8 fleet joins three 737-800s, two 767-300s and one 737-700.

The first 737 MAX 8 arrived in Ulaanbaatar from Seattle on 1-Feb-2018. The 162-seat two-class aircraft has already been placed into service on MIAT’s Ulaanbaatar-Hong Kong route. The airline is planning to use the 737 MAX 8 to resume seasonal (summer only) services to Osaka in July and has been looking at launching services to Guangzhou.

MIAT is also this summer resuming a small number of nonstop flights to Berlin, using 767s, while replacing 737-800s with 737 MAX 8s on some of its Moscow flights. Ulaanbaatar-Moscow is over six hours, making it ideal for the 737 MAX 8 although the 737-800 is (barely) within range.

Bangkok, Hong Kong and Tokyo Narita are also relatively long narrowbody routes of four to six hours and switching to 737 MAX 8s will therefore significantly improve efficiency. MIAT uses 767s on some flights to these markets as well as some flights on the shorter Beijing and Seoul routes due to high demand.

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Repayments of bonds to be inspected www.montsame.mn

Ulaanbaatar/MONTSAME/ Head of the Cabinet Secretariat of Government L.Oyun-Erdene met with authorities of the Board of Directors of the Development Bank of Mongolia (DBM).

During the meeting, Mr. Oyun-Erdene assigned the DBM's authorities to urgently consolidate information on repayments of loans issued by the DBM and the percentage of outstanding loans and report it next Tuesday. Moreover, he said that the Cabinet Secretariat of Government resolves to set up a working group for inspecting repayments of bonds of the DBM.

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Ivanhoe founder and billionaire Robert Friedland developing what will be world's No. 2 copper mine www.business.financialpost.com

Billionaire investor Robert Friedland said the copper deposit Ivanhoe Mines Ltd. is developing in the Democratic Republic of Congo has the potential to become the world’s No. 2 mine for the metal.

“Kamoa-Kakula will become the world’s second-largest copper mine with peak annual production of more than 700,000 tons of copper metal,” Ivanhoe founder Friedland said Wednesday at a mining conference in Cape Town.

Friedland announced the findings of an independent pre-feasibility study after Ivanhoe invested $800 million in exploration and development. The capacity of the project’s first phase, producing 6 million tons of ore a year, could later be tripled, the company said. Initial mine grades will average 6.8 percent copper, with production expected to start in 2021.

Ivanhoe’s Congo success follows deals with ties to the government
“Grade is king,” said Friedland, who is co-chairman of Ivanhoe. “Nothing even comes close to Kamoa-Kakula.”

The first mine will be able to finance two further mines and a smelter, with investment of US$1.1 billion, he said. “That is mind-boggling and we’ve never seen that before,” said Friedland.

Ivanhoe is developing Kamoa-Kakula with its Chinese joint-venture partner Zijing Mining Group Co. and the Congolese government.

EXCITING PROSPECT
The results from drill hole DD1450 at Kamoa North, released by Ivanhoe last week, were “nothing short of extraordinary,” Paul Gait, an analyst at Sanford C. Bernstein, said in a note. They confirm that “the broader Kamoa-Kakula region is by far the most important and exciting mining project in the world today,” he said.

Ivanhoe shares have climbed 21 per cent in Toronto since it reported the results of the drill hole at Kamoa North on Jan. 30. That gave the company a market value of $2.94 billion (US$2.2 billion).

Nothing even comes close to Kamoa-Kakula

Over more than two decades, mining investor Friedland and his small team have made some of the biggest mineral discoveries in the world.

In addition to unearthing Africa’s largest copper deposit, other projects include building the Oyu Tolgoi copper-and-gold mine in Mongolia’s Gobi Desert and discovering the Voisey’s Bay nickel deposit in Canada, which he sold in 1996 for more than US$3 billion. Ivanhoe is also developing a platinum mine in South Africa.

Bloomberg.com

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Mongolia – China border checkpoints to close for three days during Lunar New Year www.montsame.mn

Ulaanbaatar /MONTSAME/ In accordance with the 2004 Governmental agreement between Mongolia and the People’s Republic of China on Border Checkpoints and its regulations, Mongolia – People’s Republic of China border checkpoints will not be operated from February 5 to 7.

However, international railway and flights will be conducted on regular schedules on these days

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China bans pigs, wild boars and products from Mongolia www.thepigsite.com

Reuters reports that the ban, effective Tuesday 29 January, came as China battles the world's fastest-spreading epidemic of the deadly disease on its own land, which has reached 25 of its provinces since early August and led to culling of more than 900,000 pigs.

The new rule was put in place to prevent the deadly virus from spreading to China from Mongolia, and protect the domestic livestock sector, China's General Administration of the Customs said in a statement published on its website.

China has not approved the import of the Mongolian pork. However, meat is often smuggled into China.

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Two women release debut EPs: Nominjin from Mongolia and SISSTA from San Diego www.blogtalkradio.com

International artist Nominjin started her music career at the age of 12 in her native Mongolia, going on to become Mongolia’s first and only pop teen idol. A solo artist who sings in 15 languages, Nominjin has performed and toured in more than 15 countries across the world in front of audiences of up to 70,000 people. She has been featured on John Lennon's tribute albumPeace, Love & Truth, and her hit single “Take Me To Your Heart” was included in the EMI album “Love: Best of Ten Years” alongside artists such as Christina Aguilera, Toni Braxton, Norah Jones, and Ricky Martin. She is bringing her soulful R&B to the US with her new EP, Free Soul, recorded at Radonai Records in Los Angeles, California.

Indie synth pop soloist SISSTER, born in Chula Vista CA outside of San Diego, is a composer, songwriter, producer and singer. From an early age SISSTER showed musical and artistic talent, and as a teen, she picked up the guitar and focused on singing and composing original songs. She has performed in acoustic pop, rock bands, blues and rockabilly and synth pop concerts. She has shared stages with artists such as Enjambre, Siddharta, Julieta Venegas, La Santa Cecilia, Flor Amargo, among others in both the US and Mexico. Her debut EP features songs produced by herself, John Avila (bassist Oingo Boingo) and Anton Soder. Her debut album is set for release February 6 in Los Angeles.

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