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

NEWS

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Mongolia to Cooperate with Finland in Education Sector www.montsame.mn

Minister of Education and Science L. Enkh-Amgalan met with Ambassador Extraordinary and Plenipotentiary of Finland to Mongolia, with residence in PRC, Ms. Leena-Kaisa Mikkola on March 28.
At the beginning of the meeting, the Minister of Education and Science congratulated on the presentation of her Letter of Credence to the President of Mongolia and wished her success in her future endeavors.
In 2022, the Working Group of the Ministry of Education and Science to revise the package of Law on Education visited the Republic of Finland two times in order to learn from their education system. During the visit, members of the Working Group visited some government organizations, universities and kindergartens.
The Ministry of Education and Science and "Eduten" company, a spin-off of University of Turku, Finland signed Memorandum of Understanding last year. As a result, Mongolian secondary school students have been able to use Eduten, digital math learning platform, in their mother language.
Minister of Education and Science expressed intends to cooperate in short and long term capacity building training for university teachers, matching funds for students and “President’s Scholar-2100” scholarship program of the President of Mongolia with Finland's universities. In response, Ambassador Ms. Leena-Kaisa Mikkola indicated her readiness to further expand the bilateral cooperation, especially in education sector.
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Central Bank to transfer mortgage loan program to Government within second quarter of this year www.gogo.mn

The general session of the 2023 spring regular session of the Parliament started today, March 31, 2023.
B.Delgersaikhan, the Parliament Member, clarified about the mortgage loan and the economic situation from the Bank of Mongolia.
G.Enkhtaivan, Deputy Governor, Bank of Mongolia, reported, “The Central Bank has been involved in this issue for the past two years under the Covid law approved in 2020. In this framework, mortgage loans of MNT 1 trillion disbursed in 2021 and MNT 700 billion in 2022. Due to Covid Law terminated on December 31, 2022, the Central Bank stopped providing financing for the mortgage loan program. Currently, commercial banks are financing their repayments.
About 20% of mortgage loans are disbursed in rural areas. This year, the loan will be disbursed to citizens who have moved to the rural area or citizens who live there. The mortgage program will focus on rural areas. The Central Bank is working to transfer the mortgage loan program to the government by the second quarter of this year”.
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Erdenes Tavan Tolgoi JSC traded 96,000 tons coal through exchange www.gogo.mn

On March 31, 2023, "Erdenes Tavan Tolgoi" JSC successfully organized another online coal trading and sold 15 batches of 96,000 tons of thermal coal through the exchange.
A total of two enterprises participated in online trading and traded one ton of thermal coal from USD 68.30 to USD 70.30.
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Feasibility study of Shiveekhuren-Sekhee port cross-border railway developed www.gogo.mn

In the framework of the port revival, which is included in the new revival policy of the government, Mongolian Railway State-owned shareholding company is performing the construction works of the railway project.
The Shiveekhuren-Sekhee port railway will be put into operation in July, and it is planned to transport 250-300 thousand tons of cargo until the end of December 2023, according to the Ministry of Road and Transport Development.
According to the Government Resolution No. 446, Mongolian Railway SOSC was granted an authority to perform the Shiveekhuren-Sekhee and Bichigt-Zuunkhatavch cross-border railway projects.
Mongolian Railway SOSC is implementing the works necessary for the construction of the Shiveekhuren-Sekhee port railway in stages. Currently, engineering-geodesy, engineering-geology, geotechnical, and hydrological research works have been completed.
The work of developing the detailed design of the railway of the port is under performance to be finished in April. Mongolian Railways SOSC has completed the technical and economic feasibility study and is ready to be discussed and approved by the Scientific and Technical Council of the Ministry of Road and Transport Development.
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Wonder shot helps Mongolia reclaim Fiba 3x3 Asia Cup crown www.straitstimes.com

His team had let slip a 17-12 lead to allow defending champions Australia to draw level at 18-18 in the Fiba 3x3 Asia Cup men’s final.
But Mongolia star Anand Ariunbold did not wobble, for he is after all the 2022 Fiba 3x3 World Tour’s Most Spectacular Player, as voted by fans bewitched by his wondrous shot-making.
On Sunday, a capacity crowd of more than 700 fans at the OCBC Square caught a glimpse of the 25-year-old’s magic when he capitalised on a screen by Dulguun Enkhbat to pull off a shot from beyond the arc.
Despite being thrown off balance by Andrew Steel, Ariunbold drilled the two-pointer, drew the foul and converted the free throw to help his team win 21-18 and regain the title they last picked up on home soil in 2017.
In 3x3, every made basket inside the arc is worth one point, and every successful shot behind the arc earns two. The first team to score 21 points, or the side with more points at the end of the single 10-minute period, win.
After preening and accepting the plaudits from the crowd, he said: “I practise difficult shots all the time in training and I’m so happy to see it go in at such a crucial time. This shot is for Mongolia.”
With a population of under 3.4 million, his country is more known for individual sports like boxing and wrestling. But it is now also excelling in the sport, with their women’s 3x3 team qualifying for the delayed Tokyo Olympics in 2021.
While Olympian Khulan Onolbaatar and her teammates were knocked out by China in the quarter-finals in Singapore, she cried tears of joy as she watched her 27-year-old brother Enkhbaatar win gold.
The 23-year-old said: “We started playing 3x3 when we were around 18.
“Before that we were just studying and not doing any sports. So this really shows anything is possible if you find something you love and work hard at it.”
Men’s Most Valuable Player Delgernyam Davaasambuu, who also made the Team of the Tournament with Australia’s Daniel Johnson and New Zealand’s Tai Wynyard, shared that 3x3 started gaining more popularity after they won bronze at the 2012 Asian Beach Games.
The 32-year-old, who scored just two points and one rebound in the final but led the team with distinction, said: “We are not too tall or too short, and we are strong and quick, which are perfect conditions for this more physical version of basketball.
“After our 2017 success, even more people started playing 3x3. We made four finals and we have six professional teams – four men’s and two women’s – and a league that has 36 teams.
“It is the most popular sport in Mongolia now.”
The Mongolians’ triumph denied the Aussies a double, as their women’s team breezed past New Zealand 21-11 in their final as Marena Whittle – who scored 10 points and seven rebounds – was voted MVP and made the Team of the Tournament with teammate Anneli Maley and the Kiwi Sharne Pupuke-Robati.
The Australians also made up for previous disappointment after losing the 2022 final to China.
Lauren Mansfield said: “Yeah, three of us returned from last year and having that extra experience helps. We are also a bit more dynamic this year with Alex (Wilson). We can all shoot, we can all attack so we are more complete now.”
Maley, who played for Chicago Sky in the WNBA (Women’s National Basketball Association) in 2022, hailed the Australian basketball “gangaruss” spirit.
The 24-year-old, who is heavily tattooed on her left arm, said: “That’s kangaroo in our indigenous language and we all play for each other.
“We have Lauren who’s the sharpshooter. She’s crafty, she finds everyone. Marena, there’s not a single person in this world who’s stronger than her. Alex Wilson can break anybody’s ankle, and I’m your hustle player.
“We are a family and best mates on and off the court, and yeah we may get new tattoos together to commemorate this win. Watch this space!”
The Kiwi men took the bronze with a 21-13 win over China, who had eliminated Singapore 21-14 in the quarter-finals. The Chinese women beat Thailand 11-9 for third place.
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Australia sees lithium exports matching thermal coal by 2028 www.bloomberg.com

Australia sees its booming lithium sector matching thermal coal’s importance within five years as the world increasingly shifts from fossil fuels to clean energy.
Exports of the battery metal are seen at A$19 billion ($13 billion) in the year to June 2028, matching the record seen for the current financial year, according to government projections released Monday. Meanwhile, the value of power station coal shipments will drop 71% in the period.
Australia has benefited from the global shock to commodities markets following post-Covid supply bottlenecks and Russia’s invasion of Ukraine in February last year. Mineral exports are set to reach a record A$464 billion in the year through June 2023, despite a recent cooling of prices, before plunging to A$289 billion by 2027-28, nearer levels from a decade earlier.
The data show the growing role the metals vital to global electrification, such as lithium and copper, are set to play in Australia, one of the world’s biggest fossil fuel exporters. Mining and energy accounts for almost 14% of the economy in the nation, which is currently the biggest shipper of lithium and the second-biggest provider of thermal coal.
Australia Sees Lithium Exports Matching Thermal Coal by 2028
While lithium prices are unlikely to return the records set last year, partly a result of global carmakers competing over limited supply to meet ambitious electric vehicle targets, increased output should see the battery metal match thermal coal as the fifth-biggest export. Along with copper it is the only one of the 12 biggest energy and metal exports that will hold or increase its value, according to the report.
Earnings from shipping copper are set to rise to A$15 billion in 2027-28 from A$13 billion this year. Demand for the red metal, which is used in electrical wiring and is vital in most clean energy technologies, will as much as double over the next decade, according to S&P Global.
Australia has no existing industry that could fill the gaps left by the declining values of fossil fuels, which are expected to drop as the world moves to carbon-free energy, and of iron ore, which is set to see demand plateau over the next decade as China’s growth slows.
Green hydrogen is the only industry that could match fossil fuel export earnings, according to a government report released in January. But while many massive-scale projects have been proposed, none has begun construction and a wide market for the zero-carbon fuel doesn’t yet exist.
(By James Fernyhough)
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China's loans to Africa worry World Bank President David Malpass www.bbc.com

The president of the World Bank has told the BBC that he is concerned about some of the loans China has been making to developing economies in Africa.
David Malpass says the terms and conditions need to be "more transparent".
It comes amid worries that countries including Ghana and Zambia are struggling to repay their debts to Beijing.
China says that any such lending is done within international rules.
Developing countries often borrow money from other nations or multilateral bodies to finance sectors that will grow their economies such as infrastructure, education and agriculture.
However steep increases in interest rates in the US and other major economies over the last year are making loan repayments more expensive because lots of that borrowing is done in foreign currencies such as US dollars or euros.
It is a particularly acute problem for developing economies who can struggle to find the extra money that is required as the relative value of their own currency falls.
It is a "double whammy and it means that [economic] growth is going to be slower", says Mr Malpass.
US-China rivalry
Tackling that challenge and its consequences was one of the main reasons for this week's visit by US Vice-President Kamala Harris to three African countries. It is a visit that comes with big commitments of financial support to Tanzania and Ghana.
There is a growing rivalry with China for influence in the continent, whose abundance of natural resources include the metals, such as nickel, crucial for the batteries needed for technology such as electric cars.
Speaking in Ghana's capital, Accra, she said "America will be guided not by what we can do for our African partners, but what we can do with our African partners".
While highlighting a new nickel processing facility in Tanzania Ms Harris said the project would be supplying the US and other markets by 2026 and that it would "help address the climate crisis, build resilient global supply chains, and create new industries and jobs".
That collaborative approach was praised by Mr Malpass who said the competition between the world's two biggest economies was "maybe healthy for developing countries" as it provided different options.
"What I encourage strongly is that they be transparent in their contracts. That's been one of the problems; if you write a contract and say 'but don't show it to anybody else', that's a minus. So get away from that."
There was also a warning that "for governments in Africa, they shouldn't be offering collateral as an inducement to make a loan, because it locks it up for generations. That's been happening with China."
Beijing has become one of the biggest sources for loans to developing economies in recent years. A new study led by the Kiel Institute for the World Economy shows that globally China lent $185bn (£150bn) in bailouts to 22 countries between 2016 and 2021.
China refutes suggestions that it is exploiting other countries with its financial support.
At a press conference this week Foreign Ministry Spokesperson Mao Ning said China "respects the will of relevant countries, has never forced any party to borrow money, has never forced any country to pay, will not attach any political conditions to loan agreements, and does not seek any political self-interest".
Mr Malpass said the problems were not unique to Chinese financing but things were improving.
"If you think of the history of Western lending, sometimes it's not for the full benefit of the people in the countries [being lent to]. Even World Bank loans haven't always been for the best that could have been done in a country."
"So what we're trying to do, and I think everyone should be trying to do, is improve the quality of the lending.
"One of the techniques is to unbundle the loan, meaning if there's an investment project, let's say you're building a train, describe the project and what the cost will be. And then separately, arrange the financing.
"If you bundle them together, it makes it very hard to know, am I getting a good deal on the train or on the financing."
Food and energy concerns
The outgoing World Bank president is also concerned that higher food, fertiliser and energy prices, as a result of the war in Ukraine, are sapping government budgets in poorer countries. While that could deepen the economic challenges they face there is relief that price rises are now starting to ease.
"The immediate crisis is over but one thing that's been left is that countries didn't use enough fertiliser, so their soil is depleted. So the yields are expected to be lower next year than normal."
"So a farmer that was just making ends meet, she didn't get fertiliser, and now her land is not as productive. And so where's the food going to come from for the family and for the community? That's the big immediate problem. What we're trying to do is help countries directly with fertiliser [and] with food."
The World Bank is concerned that these challenges will worsen a first-ever increase in the global extreme poverty rate - people getting by on less than $1.90 per day. As a result of the coronavirus pandemic it rose from 8.4% to 9.3%.
The planet's leading development body hopes that its upcoming showpiece joint Spring Meetings with the IMF in Washington will help it raise more money to tackle its key mission.
"The ambition is there," says Mr Malpass, "but the needs are much bigger than the amount of flows" of money coming in.
BY: By Jonathan Josephs
You can watch David Malpass' interview in full on Talking Business with Aaron Heslehurst on the BBC News Channel at 15:30 on Saturday, BBC iPlayer and on BBC World News on Saturday at 10:30 and 23:30 GMT and Sunday at 05:30 and 16:30 GMT.
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ADB to Promote Green Regional Development www.montsame.mn

The Asian Development Bank has approved an investment program of USD 448 million to support green and inclusive development of Mongolia's aimags and soums. According to the ADB, this Investment Program for regionalized "Green Development" of aimags and soums will promote a transformative model for green territorial development and urban-rural linkages. In this way, the program aims to turn the centers of provinces and soums into anchors of climate-smart agricultural businesses that support sustainable, climate change-resistant and carbon-absorbing pasture management. It will be done through:
Ensuring the balance of territorial development of Mongolia,
Reducing migration towards Ulaanbaatar city,
Restoring natural resources that absorb carbon.
ADB Principal Portfolio Management Specialist Mr. Arnaud Heckmann said that an integrated solution to handle the multifaceted challenges facing the country would be piloted.
Grasslands cover 82 percent of Mongolia's land area, but they are on the verge of “extinction” due to overgrazing and unsustainable management practices. Due to climate change, the productivity of fragile pastures has deteriorated and herders face more risk of natural disaster.
Therefore, sustainable pasture management that is resistant to climate change and able to absorb a lot of carbon will be applied in order to support herdsman groups in the western aimags of Mongolia, train and empower them in sustainable management practices in animal husbandry and agriculture.
By supporting renewable energy and low-carbon solutions through urban services, it will create an opportunity to develop the centers of aimags and soums as centers for a green agricultural value chain and a place pleasant to live in.
The Project will establish a regional green and inclusive agribusiness fund to increase financial access to climate-resilient and low-carbon agribusiness value chains. The fund will create climate-based multilateral financial mechanisms and institutions to address the financial challenges faced by agribusiness SMEs.
The total cost of this Program, jointly financed by the Government of Mongolia, the private sector, European Investment Bank, the European Union and the Green Climate Fund, is USD 735 million. A USD 3 million grant is sourced from the Asian Development Fund (ADF). The project will be implemented in three stages (tranches) and is expected to be completed in 2033.
 
 
 
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Snow, dust storms sweep parts of Mongolia www.xinhuanet.com

Snow and snowstorms are now hitting central parts of Mongolia, including capital Ulan Bator and Tuv province, the country's weather monitoring agency said Saturday.
Meanwhile, strong wind and dust storms are sweeping through eastern provinces and southern Gobi parts of the country, the agency said in a statement.
The unstable weather is expected to continue during this weekend, it said, urging the public, especially nomadic herders and drivers, to take extra precautions against possible disasters.
In addition, large parts of Mongolia are expected to see extreme cold weather in the coming days, it said, noting that overnight temperature is expected to drop to minus 30 degrees Celsius in western and northern provinces of the country.
Mongolia has a harsh continental climate as strong winds, snow and dust storms are common during the spring.
 
 
 
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Rio Tinto, First Quantum partner to move La Granja copper project in Peru to development www.mining.com

Rio Tinto (NYSE, ASX: RIO) announced it has reached an agreement with First Quantum Minerals (TSE: FM) to form a joint venture to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world.
La Granja is a complex orebody located at high altitude in Cajamara, northern Peru, that has the potential to be a large, long-life operation, with a published indicated and inferred mineral resource totalling 4.32 billion tonnes at 0.51% copper, Rio said.
First Quantum will acquire a 55% stake in the project for $105 million, and commit to further invest up to $546 million into the joint venture to sole fund capital and operational costs to take the project through a feasibility study and toward development. The transaction is expected to complete by the end of Q3 2023.
As majority owner, First Quantum will then operate the La Granja project with initial work focussed on completing the feasibility study.
Rio Tinto acquired the La Granja project from the government of Peru in 2006 and has since carried out an extensive drilling program that expanded the declared resource and understanding of the orebody, and established partnerships with host communities, local and national governments.
La Granja currently ranks as the fourth largest copper project in the world, and Peru is the world’s second biggest copper producer.
“La Granja is an exciting but complex project that has the potential to be a significant new source of the copper that is needed for the energy transition,” Rio Tinto Copper chief executive Bold Baatar said in the statement. “We are pleased to enter into this agreement with First Quantum, that will bring our combined development capabilities and deep knowledge of La Granja to progress the project.”
Baatar added that developing La Granja would also further strengthen Rio Tinto’s copper portfolio following the acquisition of Turquoise Hill Resources and beginning of underground mining at Oyu Tolgoi in Mongolia.
“Rio Tinto’s work on La Granja has been extensive to date and we share our partner’s view that the project has the potential to be a Tier 1 copper mine,” First Quantum CEO Tristan Pascall said. “We look forward to working together to build on this foundation, leveraging First Quantum’s core strengths in mine design, project development and community engagement to progress La Granja to the next stage.”
First Quantum has been in recent headlines over a dispute with the Panamanian government over royalties that resulted in halting operations at its giant Cobre Panama mine in February. After reaching an agreement that guarantees a minimum annual income of $375 million to the Central American government, the mine resumed operations in March.
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