Revised Feasibility Study for the Ulaanbaatar Metro Project to Be Submitted to the Government www.montsame.mn

The Citizens Representative Khural of the Capital City of Mongolia held its fifth irregular session and discussed the revised feasibility study for the Ulaanbaatar Metro Project. A majority of the representatives voted in favor of the revised feasibility study for the Project and agreed to submit the draft Resolution to the Government.
Member of the Citizens Representative Khural and Coordinator of the Capital City Finance, Economy and Development Intensification Projects and Programs L. Khosbayar said, “The issue of constructing a metro in Ulaanbaatar was initially raised in 2011, and the Government issued Resolution No. 411. As a result, the selection for international management consulting services of the project was organized in two stages, and the leading consortium consisting of Korean companies “Dohwa Engineering,” “Korea Railroad, “Soosung Engineering,” and “Korea National Railway” won the bid, and the contract was signed on July 5, 2025.”
"The first line of the metro is planned to be 19.4 km long, with 15 stations and one depot, along Enkhtaivan Avenue from Tolgoit to Amgalan. Of this, 19.4 km, 14 stations will be underground, and one station will be at ground level. As the first line of the metro is mainly underground, tunnels and stations will be built by the cut-and-cover method, which involves digging a trench, constructing the station, and then covering it back up. The tunnel boring machine will be installed at a depth of 10-25 meters. The cost of the metro project is estimated to be USD 2.4 billion, as approved by professional organizations. 97.7 percent of the budget will be spent on construction work, while the remaining amount will be used on other work such as customer supervision and land acquisition. For funding the Project, 15 percent will be funded by the Capital City Budget, while 85 percent will be generated from external sources. We are holding discussions and meetings to attract investment," said Coordinator Khosbayar.
The Ulaanbaatar Metro Project will be implemented in line with 28 national standards, 56 international standards, while ensuring coordination of the relevant laws and regulations of Mongolia.

Mongolia and China Exchange Views on Cooperation in Addressing Desertification www.montsame.mn

Minister of Environment and Climate Change of Mongolia Odontuya Saldan received Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Mongolia Shen Minjuan on March 26, 2025.
At the meeting, Minister of Environment and Climate Change of Mongolia and Chairperson of the National Committee in charge of the Management and Coordination of Preparations for the 17th Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification (UNCCD) to be held in 2026 in Mongolia Odontuya Saldan, presented the preparation plan, as well as the policies and initiatives proposed by Mongolia. The two sides exchanged views on cooperation between Mongolia and the People’s Republic of China in organizing COP17 and addressing desertification.
Ambassador Shen Minjuan noted that China hosted COP13 in 2017 and expressed China’s willingness to share experience, provide support, and cooperate with Mongolia. The Ambassador also highlighted that the joint establishment of a Desertification Research Center between Mongolia and China marks the beginning of a long-term collaborative effort in combating desertification.

Tsepelis, Wesley proud as Bishrelt Metal take 'big step' for Mongolia basketball www.fiba.basketball

KUALA LUMPUR (Malaysia) - Bishrelt Metal found themselves celebrating far greater glory following a successful debut in the Basketball Champions League Asia-East (BCL Asia-East) 2025 on Tuesday night.
The crew overcame a late-game scare by the hard-fighting NS Matrix to ace their lone test in Window 1 of the five-leg tourney, in the process writing history - not just for the ball club, but for an entire nation as well.
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"This win is not just for our team, but for the whole country of Mongolia."
In beating the Deers on their own home floor at the MABA Stadium, they became the first-ever Mongolian professional basketball team to win an away game in a FIBA continental club competition.
"I think this is a big step for Mongolia," said Coach Evangelos Tsepelis shortly after their 98-86 victory "Teams every year want to step up. For this season we try to play real basketball, and we have this result."
Bishrelt Metal, along with fellow The League outfit Ulaanbaatar Xac Broncos, never had a chance to do as much back in the BCL Asia Qualifiers last year after failing to advance to the Second Round.
Round 1 of the saiid tilt was held at the UG Arena in the Mongolian capital and both squads fell short of booking their tickets to Jakarta, Indonesia as the both of them won just once in their three games.
NS Matrix and Pelita Jaya Basketball eventually emerged as the two teams that secured their spots the BCL Asia inaugurals and now, those two are with Bishrelt Metal in Group A of the BCL Asia-East.
That's why Tuesday was a rematch between Bishrelt Metal and the Deers, with the former earning some sweet payback as the latter was the reason why they fell to a 0-2 hole during the 2024 Qualifiers.
But then, what most will remember, especially the Mongolian fans, was the history they made, leaving the decorated Tsepelis beaming with pride as it was also their first game outside of the country this season.
"I'm very happy with this result. I'm very proud of my players. For us this is our first game outside the country. The most important thing for us is to stay together and so we took a big win," the Greek mentor said.
It couldn't get more fitting, too, that helping Bishrelt Metal achieve such a feat were a pair of seasoned internationalists that have experienced competing in the BCL: Byron Wesley and Devon Scott.
Formerly of Kataja Basket (2016) and Lukoil Academic (2017), Wesley flirted with a triple-double with 34 points, 9 rebounds, and 8 assists as he came through in the clutch when the home team chopped a 20-point gap to just six.
Scott, on the other hand, finished with 24 points, 10 rebounds, 5 assists, and 2 steals as the 2.06 (6'9") forward showed the same versatility he flexed with Flamengo in the BCL Americas just two years ago.
"Me and Scott, we have experience playing in BCL before so we felt comfortable out there. And down the stretch, we wanted to let our experience show," said Wesley, who scored and assisted in the team's last six points.
Wesley, however, refused to take all the credit to him and Scott, saying that it was a collective effort that enabled the crew to pull off the memorable result - one that he couldn't help but feel so proud to have been a part of.
"But it was a team effort. We had a lot of big contributions from a lot of Mongolian guys so credit to my teammates. We played like a team, everybody played unselfishly," said the 1.96 M (6'5") winger, who also played in FIBA WASL.
"This win is not just for our team, but for the whole country of Mongolia."
FIBA

Minister Ts.Tuvaan: Mining exchange trading to resume soon www.gogo.mn

Ts.Tuvaan, Minister of Industry and Minerals, announced that trading on Mongolia’s mining exchange is set to resume soon following key regulatory adjustments.
"We have made changes to the exchange regulations," the Minister stated. "For example, we have developed and revised a price index that fluctuates in accordance with coal prices. When coal prices were high, exchange trading under strict conditions proceeded smoothly. However, when prices declined, maintaining rigid requirements over an extended period caused significant financial losses for buyers. This, in turn, led to a slowdown in coal withdrawals, resulting in excessive stockpiling at the border and logistical congestion".
To address this issue, the Ministry introduced a dynamic price index that adjusts based on market trends. This revision has already led to promising results, with the first round of trading generating purchase orders for one million tons of coal. If this trend continues, it is expected that mining exchange operations will fully resume in the near future.

Trafigura’s $1.1 Billion Mongolia Fraud Was ‘Humbling,’ CEO Says www.finance.yahoo.com

(Bloomberg) -- Trafigura Group’s $1.1 billion loss in a suspected multi-year fraud in Mongolia was a “humbling experience,” the trading giant’s new chief said in his first public comments on the scandal.
Richard Holtum, who took over as Trafigura chief executive officer in January, said that he was encouraging the company’s traders to speak up if they saw things that did not make sense.
“I think had our people been empowered to ask the question why, maybe we’d have caught this much earlier,” he said at the FT Commodities Global Summit in Lausanne, Switzerland.
Trafigura said in October that it faced a loss of $1.1 billion in Mongolia as a result of manipulation of what it described as data and documents and deliberate concealment of overdue debts by its own employees. It was the second highly embarrassing loss to hit the trading house in as many years, after it revealed a loss of over $500 million in an alleged nickel fraud the previous year.
Holtum said that Trafigura had missed the giant losses in the tiny oil market of Mongolia because its office in the country was isolated from the rest of the company, partly as the Covid-19 pandemic prevented executives from traveling there. There was also a “language issue,” with a limited number of Mongolian speakers in Trafigura’s wider staff, he said.
“That in no way is to excuse what happened, but that is essentially how it happened,” he said.
The CEO said he could not guarantee that Trafigura would not be a victim of fraud again in the future, but that the company had upgraded its “plumbing” to try to prevent similar issues.
The loss has been “an enormous catalyst for change internally, because people felt that pain in their pockets and realized and knew that this could not continue,” he said.

Mongolia Reports 211 Foreign Visitors Unable to Enter in Early 2025 www.montsame.mn

In the first two months of 2025, a total of 211 citizens from 12 countries were denied entry to Mongolia by the Immigration Agency of Mongolia. Of the people who were refused entry, 148 were citizens of the People's Republic of China, 24 were citizens of the Republic of Korea, and 19 were citizens of the Republic of Uzbekistan.
Last year, 2,084 citizens from 30 countries were denied entry due to reasons such as failure to specify the purpose of their arrival, visa type did not match the purpose of their stay in the country, lack of proof of financial subsistence, and expired visas. Of these, 1,238 were from the People's Republic of China, 486 from the Republic of Korea, 167 from the Republic of Uzbekistan, 47 from the Republic of Azerbaijan, 42 from the Republic of Kyrgyzstan, and 105 from other countries.
Mongolia eased visa requirements and started issuing electronic visas to promote tourism and increase the number of tourists. However, the number of citizens being turned back from the border is increasing, as citizens of countries exempt from visa requirements who have obtained electronic visas for tourism purposes have been violating laws, including engaging in permanent work or activities other than the purpose of their visit, reported the Immigration Agency of Mongolia.

Mongolia seeks investment collaborations in Hong Kong www.channelnewsasia.com

People's Artist of Mongolia Amartuvshin Becomes the Best Opera Baritone www.montsame.mn

People's Artist of Mongolia and Cultural Envoy of Mongolia Amartuvshin Enkhbat has topped the rankings of the "Opera World" website, earning the title of "Best Opera Baritone."
Amartuvshin Enkhbat received high acclaim from international opera enthusiasts and critics, demonstrating his extraordinary talent on the world's most prestigious opera stages for 52 consecutive weeks. This achievement reaffirms his status as one of the best baritone in the opera world. Notably, Amartuvshin was also named the "Best Opera Baritone" in 2021.
Since 2023, Opera World has been categorizing the world’s top opera singers into five classifications based on their performances in major theaters. To be included in the list, a singer must have performed at renowned venues such as Teatro alla Scala of Milan, the Metropolitan Opera House, the Opéra National de Paris, and the Bavarian State Opera. Each time an artist performs at an opera theater, festival, or concert hall, they receive 100 points from professionals. The final ranking is determined based on the total points accumulated over 52 weeks.
Amartuvshin Enkhbat secured first place with 5,900 points, followed by French opera singer Ludovic Tézier with 5,200 points in second place and Russian opera singer Roman Burdenko with 4,800 points in third.
People's Artist of Mongolia Amartuvshin has performed on the world's most prestigious stages, including Teatro di San Carlo - Opera Theatre in Naples, Italy; Théâtre des Champs-Élysées in Paris, France; Kiel Opera House in Germany; Valencia Opera House in Spain; Tel Aviv Opera House in Israel; Bolshoi Theatre in Moscow, Russia; and Pearl Theatre in Beijing, China.
Awards and Recognitions:
2011 – Second place at the International P.I. Tchaikovsky Competition (Saint Petersburg, Russia)
June 2012 – Winner of The Placido Domingo’s Operalia (Beijing, China)
June 2015 – Competed in Cardiff Singer of the World
Silver medal at the Tenor Viñas Competition (Spain)
Special audience award at the BBC Cardiff Singer of the World Competition
January 2017 – Performed at the prestigious San Carlo Opera House (Italy)
July 2017 – Sang at Arena di Verona, Italy’s oldest and most renowned opera stage
March 2018 – Recipient of the "BraVo" Honorary Award
July 2018 – Played the lead role of Nabucco in the "Nabucco" by Giuseppe Verdi 
October 2018 – Performed at Teatro Massimo Vittorio Emanuele
February 2019 – Sang at Teatro Regio di Torino (Turin, Italy)

Largest fully preserved dinosaur claw unearthed in Mongolia’s Gobi Desert www.cnn.com

With distinctive two-fingered claws, the remains of a previously unknown species of dinosaur suggest it looked like a bizarre mix of sloth, giraffe and cult movie hero Edward Scissorhands, according to new research.
Paleontologists unearthed the fossil in Mongolia’s Gobi Desert, and the find is unique because the sheath of one of the digits is intact. Made of keratin (the same material as fingernails), the sheath reveals that the claw itself was much longer than the underlying bones. It is the largest claw of its kind found fully preserved in this way, researchers say.
“It’s close to a foot in size,” said paleontologist Darla Zelenitsky, an associate professor at the University of Calgary in Canada and coauthor of a study on the discovery published in the journal iScience. “This is by far the biggest claw preserved for a dinosaur that has that keratinous sheath on it.”
The dinosaur has been given the scientific name Duonychus tsogtbaatari, in honor of Mongolian paleontologist Khishigjav Tsogtbaatar. The genus name Duonychus means two claws in Greek.
Duonychus tsogtbaatari was part of an awkward-looking group of dinosaurs known as therizinosaurs, which were part of the theropod family that includes Tyrannosaurus rex. Therizinosaurs, however, were plant-eaters or omnivores — not apex predators.
The newly discovered dinosaur stood about 10 feet (3 meters) tall and would have weighed 573 pounds (260 kilograms). It likely used its curved claws to reach vegetation, and it could have grasped branches up to 4 inches (10 centimeters) in diameter, according to the study.
As well as two claws, the paleontologists also found fossilized parts of the prehistoric creature’s backbone, tail, hips, arms and legs. The fossil was discovered by staff at Mongolia’s Institute of Paleontology, part of the Mongolian Academy of Sciences, several years ago, Zelenitsky said.
Besides grasping, the two-fingered hands may have been used for display or as formidable weapons when needed, Zelenitsky said.
“They weren’t predators, but they could defend themselves with those claws. They were big and very sharp,” she said.
The best comparison for the distinctive digits among living animals would be the claws of a sloth, used for hanging onto tree branches, Zelenitsky added.
The discovery of Duonychus tsogtbaatari’s claw is an “exciting” find, said David Hone, a paleontologist and reader in zoology at Queen Mary University of London, who wasn’t involved in the research.
“I’ve seen fragments from other specimens from the Gobi, but never a whole sheath like this. The kind of preservation here, which is common to the vast majority of dinosaur bearing formations, doesn’t usually preserve keratin,” said Hone, who is the author of the 2024 book “Uncovering Dinosaur Behavior: What They Did and How We Know.”
“So that’s really important as we know there’s a pretty uncertain relationship between the keratin and the underlying bone,” he added via email.
Most therizinosaurs had long claws to grab and manipulate plants, giving them “this reputation as Edward Scissorhands dinosaurs,” said Steve Brusatte, a professor of paleontology at the University of Edinburgh, referring to the titular character in the 1990 hit movie who had large scissor blades for hands.
“But this one is unique in having only two fingers on each of its giant arms, so they really do look like oversized tongs you might use when barbequing,” Brusatte, who wasn’t involved in the research, said.
Only a few groups of dinosaurs had two fingers, most famously Tyrannosaurus rex, while single-fingered dinosaurs were even rarer, Brusatte added.
“But whereas T. rex probably wasn’t using its pathetic little arms for much, and definitely not for combat or subduing prey, these therizinosaurs were using them as an integral part of their feeding strategy,” he added.
“This is yet another example of a wonderful new dinosaur that we couldn’t have dreamed ever existed if we didn’t find its fossils,” Brusatte said.

Invescore Capital appoints new CEO www.amcham.mn