1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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MBD Business offers #13

MBD facilitates strategic business communications between Mongolian and foreign businesses, conducts targeted market research, and provides consulting for business looking to grow in Mongolia as well as those expanding internationally from within Mongolia. In addition, MDB organizes business programs and official delegations to build connections between the Mongolian and International markets.

MBD's "public face" www.mongolianbusinessdatabase.com" is the number one ranked website on Google for users searching terms related to business in Mongolia, attracting visitors from over 70 countries.

Please review the following MBD business offers package number 13 and feel free to visit www.mongolianbusinessdatabase.com for more information on each offer and contact us.
MBD Admin: contact@mongolianbusinessdatabase.com
976 77109911, 976 98994787, 976 99066062

Modern light sources(LED)(Uzbekistan)
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High quality electric products(Uzbekistan)
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Water heaters(Uzbekistan)"Italian brand"
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Aluminum constructions,Plastic systems(Uzbekistan)
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Window and door construction(Uzbekistan)
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Aluminum heating radiators(Uzbekistan)"Italian brand"
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Armored vehicles (Israel)
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Secure communication solutions (USA)
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Thermowood products(Turkey)
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Tractors (Czech Republic)
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Asphalt and bitumen plant (India)
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Geodome building solutions (South Korea)
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Logistics/Freight forwarding (Poland)
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Roofing sheet, steel coil(China)
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Construction materials(China)
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Mining and industrial service, equipments(Canada)
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Mining and forest industries' equipment(Canada)
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Pharmaceutical machinery (India)
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Surgical instruments (Pakistan)
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Pharmacy products (India)
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Battery re-generator and discharger (South Korea)
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International logistics (Russia)
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Three European countries want to create artificial power island in North Sea www.rt.com

 
Denmark, Germany and the Netherlands have revealed plans to jointly build a giant artificial island in the North Sea with wind farms providing power for 80 million people.
 
The plan envisages the island on the large Dogger Bank sandbank roughly at the center of the North Sea between Denmark, Germany, Britain, Norway, and Belgium, with connections to each. It will have its own runway and harbor.
 
The island would be around six square kilometers in size and connected to wind farms in countries around the sea through a power hub able to distribute energy to consumers across the region.
 
Specialists say that area of the North Sea gets a lot of wind and makes the spot an ideal location for a green power hub.
 
The ambitious project is aimed at cutting costs for customers, according to a statement from Energinet.dk, the Danish national transmission system operator for electricity and natural gas.
 
”Maybe it sounds a bit crazy and science fiction-like, but an island on Dogger Bank could make the wind power of the future a lot cheaper and more effective,” said Torben Glar Nielsen, the company’s technical director in a news release.
 
Energinet.dk said it will generate 70-100 GW of power through windmills connected to the island, that is enough to provide 80 million Europeans with power.
 
The project is supported by Denmark's Energinet.dk and TenneT, the national electricity transmission system operator in the Netherlands.
 
”This project can greatly contribute to a sustainable electricity supply in Northwest Europe. I am happy that we are going to take this step with our Danish colleagues and I look forward to the participation of other transmission system operators and possibly other partners,” said TenneT CEO Mel Kroon.
 
The firms are due to seal the deal at the end of the month and begin a feasibility study. Discussions with other possible partners are still ongoing.
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France warns construction giant Lafarge against participating in Trump’s wall project www.rt.com

 
The French government has warned the French-Swiss firm LafargeHolcim over plans to sell cement for the building of the US-Mexico border wall, the Local France reported.
 
On Thursday, Foreign Minister Jean-Marc Ayrault called on the company to "think carefully" before supplying material to construct the wall, insisting it had social and environmental accountability.
 
The building of a wall along the border between the United States and Mexico was ordered by US President Donald Trump in January to stop illegal immigration. The cost of the project is estimated at $8 billion to $14 billion, but experts say the cost will be much higher, at up to $25 billion.
 
"We are prepared to supply our materials to all types of infrastructure projects in the United States," LafargeHolcim chief executive Eric Olsen told AFP.
 
"We are the leader in cement, so we supply all our customers," he said. "We are here to support the building and development of the United States."
 
The world's leading building materials company LafargeHolcim was created in 2015 by the merger of French cement manufacturer Lafarge and its Swiss counterpart Holcim.
 
Lafarge faced accusations of paying taxes to the Islamic State (IS, formerly ISIS/ISIL) in 2013-2014 to continue operations in northern Syria. Last week the company admitted providing funds to “certain armed groups” and “sanctioned parties” in Syria when it faced operational and security challenges. Lafarge called the decision “unacceptable.”
 
Ayrault brought up the Syria scandal, saying Lafarge "should think about its own interests, as other clients around the world are going to view this with a degree of surprise."
 
LafargeHolcim hopes to be one of the big winners from the $1 trillion infrastructure investment program Trump has promised will renovate bridges, tunnels, roads and airports.
 
The company head said "there is going to be a significant increase in infrastructure spending," although the benefits are not likely to be felt this year "because it takes time for these infrastructure projects to get going."
 
It “will partially affect our business in 2018 and certainly in 2019, 2020 and 2021," added Olsen.
 
LafargeHolcim has production sites in Texas and operations in New Mexico and Arizona, three of the four US states bordering Mexico. It is expected to announce the creation of new US jobs in the coming weeks.
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Canadian miner Kincora leads Mongolian copper rush www.nasdaq.com

LONDON, March 7 (Reuters) - Canadian miner Kincora Copper <KCC.V> plans over coming months to start exploration drilling in Mongolia, its CEO told Reuters, calling the area "one of the last frontiers" for top quality copper assets. With technologies such as electric vehicles expected to stoke demand, the mining industry is keen to discover copper reserves as existing mines get depleted. Kincora's CEO Sam Spring compared Mongolia to Chile, the world's largest copper producer, in the 1970s when it was still under-explored and said he hoped to find another Oyu Tolgoi, using a team with experience of finding tier-one copper assets. Last year Rio Tinto <RIO.AX> <RIO.L> gave the go-ahead for a $5.3 billion expansion of the Oyu Tolgoi mine in the South Gobi desert, one of the world's largest copper deposits. [nL3N18319B] "In the upcoming months, Kincora is looking to drill two targets," Spring said in a telephone interview. One -- named Bayan Tal -- is the first identified since Oyu Tolgoi with similar geology. The other -- East Tsagaan Suvarga -- is in the same mineral system as the existing Tsagaan Suvarga mine, included in the government's list of strategic mineral deposits. So far Kincora has 10 licences, giving it acreage of 15,000 square kilometres (5,800 square miles), and has applied for two more. Spring says the company has overtaken Rio "as the most aggressive group" exploring in this area. Mongolia, almost entirely dependent on coal and copper for foreign export earnings, needs international investment following an IMF-led loan agreement. [nL8N1G518U] It has said it plans to double the amount of land available for exploration of raw materials. [nL2N1GI020] (Reporting by Barbara Lewis; Additional reporting by Susan Taylor in Toronto; Editing by Ruth Pitchford) ((Barbara.hm.Lewis@thomsonreuters.com; +44 207 542 2932; Reuters Messaging: barbara.hm.lewis.thomsonreuters.com@reuters.net))

Read more: http://www.nasdaq.com/…/canadian-miner-kincora-leads-mongol…

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Mongolia sees no change in Oyu Tolgoi copper stake www.finance.yahoo.com

TORONTO/LONDON, March 8 (Reuters) - Mongolia said it has no plans to change the size of its stake in the massive Oyu Tolgoi copper mine, although it is seeking to boost exploration as it works to bolster its finances following an IMF-led loan deal.

Oyu Tolgoi is jointly owned by the government of Mongolia (34 percent) and Turquoise Hill Resources (66 percent), which in turn is 51 percent-owned by mine operator Rio Tinto.

Industry insiders say there is a logic in Mongolia selling down its relatively large state holding, while Rio's stake is relatively small given that it is operator.

Asked whether Mongolia might sell some of its stake, the mining minister said there were no plans for any change for now.

"Our ministry has to find out all possible options that are good for Mongolia and within that framework we are researching all possibilities. But currently, there is no such plan, but it is something that we can watch," Mongolia mining and industry minister Dashdorj Tsedev told Reuters on the sidelines of a conference in Toronto.

Rio Tinto declined to comment.

Geologists and mining executives see Mongolia as one of the world's best copper prospects and some are hoping to find another Oyu Tolgoi.

Also this week, the mining and industry minister said Mongolia aimed to double the amount of land available for exploration and the country hoped to build a copper smelting plant.

(Reporting by Susan Taylor in Toronto and Barbara Lewis in London, editing by David Evans)

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Mongolia sends off athletes to Special Olympics www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ March 9, Thursday saw a send-off ceremony for Mongolian athletes to partake in the 2017 Special Olympics World Winter Games which will take place in Austria on March 14-25.
 
Team Mongolia first participated at the 2013 Special Olympics World Winter Games held in Pyeongchang, South Korea. And Mongolia sent 14 athletes to the 2015 Special Olympics World Summer Games who claimed 4 gold, 4 silver and 4 bronze medals in 3 categories.
 
This time, 14 Mongolian athletes are to compete under the supervision of 3 coaches in bandy, cross-country ski and snowshoeing.
 
Present at the send-off ceremony were S.Oyun, Head of Mongolian Special Olympics Committee, O.Gerel, senior specialist at Department of Sports Policy at the Ministry of Education, Culture, Science and Sports, Ts. Sharavjamts, Authority of Physical Culture and Sports and coach Ch.Nasantogtokh, Hero of Labor.
 
During the ceremony, bandy player D.Tuguldur was handed over the national flag by Ch.Nasantogtokh.
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Mongolia signs visa exemption agreement with Argentina www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the 1st political consultative meeting between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs and Worship of Argentina hosted in Ulaanbaatar on March 9, Thursday, sides agreed on the terms of and signed an agreement on mutual visa exemption for holders of all passports.
 
The meeting was chaired by D.Davaasuren, Secretary of State of the Mongolian Foreign Ministry and Gustavo Zlauvinen, Argentina’s Under-Secretary for Foreign Affairs, and addressed means of developing bilateral political, trade, economic and humanitarian ties, short-term goals for cooperation and possible sectors.
 
Particularly, sides agreed that there are opportunities and resources for agricultural cooperation between Mongolia and Argentina. The Argentine side expressed its willingness to share its experience of eradicating highly contagious animal diseases, and cooperate in this area. Furthermore, the side expressed readiness to arrange a visit by Mongolian Minister for Food, Agriculture and Light Industry to the country, and deploy Argentine agricultural specialists to Mongolia.
 
The Argentine side will be focusing on the matter of Mongolians studying agriculture and diplomacy in Argentina.
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Mining-oriented Mongolia-Canada cooperation expanding to other sectors www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Agreement on Promotion and Protection of Investments between the Governments of Mongolia and Canada has taken effect. This was announced by the officials of both governments during the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto.
 
Minister of Mining and Heavy Industry of Mongolia Ts.Dashdorj and Canadian Minister for International Trade F.P.Champagne touched upon this matter.
 
Under the agreement, Canadian investors were negotiated to invest in other sectors than mining, such as agriculture, infrastructure and renewable energy.
 
The government of Canada has made an investment of USD 6.4 billion to Mongolia in the past two years, according to a statistical report by Canadian agency.
 
 
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Merrill Lynch may keep commission-based retirement accounts: source www.reuters.com

 
Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule.
 
In a conference call with the advisors on Thursday, the bank said it plans to shift most of its retirement savers to accounts that charge a fee based on percentage of assets from those that charge a commission, according to a source familiar with the matter.
 
However, Andy Sieg, head of Merrill Lynch Wealth Management, noted in a memo seen by Reuters that the account conversions may not apply to all of its customers.
 
"We've recognized that there may be limited situations in which a fee-based arrangement would not be in a client's best interests. We are reviewing those limited circumstances to consider potential alternatives to IAP for some clients in a manner consistent with a higher standard of care," Sieg said in the memo.
 
Last month U.S. President Donald Trump ordered the Labor Department to review the implementation date of the new fiduciary rule, proposed by Obama, which was set to take effect in April.
 
The proposed rule was staunchly opposed by the financial services industry. Wall Street had argued that the rule would harm consumers as it would raise compliance costs and therefore fees, and force them to get rid of Main Street clients and small businesses that offer 401(k) plans.
 
Merrill Lynch was not immediately available for comment.
 
The Wall Street Journal had earlier reported that Merrill Lynch was planning to still offer commission-based retirement accounts.
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Gold price dips below $1,200 www.mining.com

In another day of above average trading volumes, gold dropped through the psychologically important $1,200 an ounce level on Thursday as the metal comes under pressure from a strong US dollar and a looming interest rate hike in the US.

Gold for delivery in April, the most active contract on the Comex market in New York with nearly 23m ounces traded, slumped to a low of $1,199.o0, a more than five week low. Year-to-date the metal's gains have been trimmed to just over 4%.

While tighter monetary policy is not bullish, inflation and a range of uncertainties, including European elections and protectionism should support the yellow metal
Because gold is not yield-producing and investors have to rely on price appreciation for returns, the metal has a strong inverse correlation to US government bond yields.

The metal also usually moves in the opposite direction of the US dollar thanks in part to the growing effect of physically-backed gold ETFs traded in the US.

The current weakness may be temporary according to a Bank of America Merrill Lynch research note released Thursday quoted by CNBC:
However, if hourly earnings are much higher than expected and the rest of the report is also strong investors may start to worry that the Fed is behind the curve

"While tighter monetary policy is not bullish, inflation and a range of uncertainties, including European elections and protectionism should support the yellow metal. As such, we see prices at $1,400 (per troy ounce) by year-end".
Bloomberg points out that it's the worst run for gold since October and quotes Brad Yates, head of trading for Elemetal, one of the biggest US gold refiners as saying there could be more pain ahead:

“If the data continues to be as good as it was, or improves, we could see the Fed move toward further hawkishness."
ABN Amro in a research note says strong US payroll numbers on Friday could turn out to be bullish for gold:

If hourly earnings come in around expectations and the rest of the US employment report is strong, the US dollar will probably profit. However, if hourly earnings are much higher than expected and the rest of the report is also strong investors may start to worry that the Fed is behind the curve. It is likely that this will weigh on the dollar and support gold prices.

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