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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Uranium price soars due to power supply crisis www.rt.com

Uranium prices have surged to their highest level in a decade, reflecting investors’ optimism in relation to prospects for nuclear fuel demand as the energy crisis keeps raging across Europe, the FT reported this week.
According to nuclear fuel market research and analysis firm UxC, as cited by the media, uranium futures were last traded at these levels 10 years ago, disregarding the sharp spike triggered by the start of Russia’s military operation in Ukraine and subsequent sanctions introduced against Moscow by Western countries in response.
The price of yellowcake, uranium concentrate powder obtained from leach solutions in an intermediate step in the processing of uranium ores, grew 7% to more than $50 per pound. Analysts at the Bank of America expect the price to soar to $70 per pound as early as next year.
The surge is attributed to the latest increase in demand for the commodity across Europe, where the energy crisis is deepening, as well as to improving sentiment towards the divisive fuel in other regions, such as Japan, the US state of California, and Germany.
Nickel price hits record high on supply woesREAD MORE: Nickel price hits record high on supply woes
“Germany and California have been two of the most negative jurisdictions in the world on nuclear, and both of them are coming around. I would say hell would freeze over before that would happen,” said Per Jander, director of nuclear and renewables at WMC Energy, a commodity merchant, as quoted by the FT. “It will have an immediate impact on the market.”
According to analysts, the market still remains vulnerable to a potential reduction in uranium supplies from sanctions-hit Russia. Although the nation accounts for only 5% of the world’s uranium production, it is responsible for more than two-fifths of active worldwide enrichment capacity, according to Berenberg data.
“The removal of Russia from the global nuclear fuel chain has the potential to be a source of disruption and price volatility,” Berenberg analysts said in a report seen by the media.
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Inflight Dublin signs partnership with MIAT Mongolian www.news.mn

Inflight Dublin has been selected by MIAT Mongolian Airlines to provide inflight entertainment (IFE) content and wireless solutions.
Inflight Dublin will be deploying its wireless IFE solution, Everhub, on four of MIAT’s aircraft including three B737’s and one B767. The DO-160G certified hardware will be complemented by the Everhub browser-based software which features a Graphical User Interface (GUI) in both Mongolian and English.
MIAT will have access to the back-office Control Centre which enables them to manage aspects of the hardware, software, and content offering as well as update their own advertisements. MIAT will also have access to detailed analytics with IFD Insights and manage Duty Free and food and beverage orders through the dedicated Crew App.
“MIAT is delighted to be introducing Everhub wireless inflight entertainment on board to deliver an enhanced experience to our passengers. We are very impressed with the low-cost nature and ease of use of the Everhub system, both from a passenger and airline perspective. Inflight Dublin has provided a high-level of support to MIAT for this project and we look forward to continue building on our partnership,” said Bekhtuvshin Altansukh, MIAT’s Avionic System Engineer.
“Our new partnership with MIAT is another example of Inflight Dublin supporting airlines who want to take their first step into the IFE market. There is a variety of in-seat and wireless IFE options available to airlines, but Inflight Dublin’s Everhub solution is fast becoming the default choice for airlines looking for value for money, flexibility and scalability. This positive news is just one of many exciting announcements Inflight Dublin will be making over the coming months as we continue to lead in the wireless IFE market,” said Barry Flynn, Inflight Dublin’s CCO.
 
 
 
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Mongolian Buddhist monastery, stupa to be set up at Buddhavanam www.news.mn

Ambassador of Mongolia in India, D.Ganbold met with Indian State Minister for Tourism and Culture V Srinivas Goud on Thursday to discuss the setting up of a Mongolian Buddhist monastery and stupa at Buddhavanam near Nagarjunasagar.
H.E. Mr. D.Ganbold requested to allocate land at Buddhavanam for the construction of a Mongolian Buddhist Monastery and Stupa.
During his visit to Buddhavanam along with a few other officials on Wednesday, D.Ganbold said that he believe that there should be some Mongolian presence at the spiritual site, either in the form of educational institutions or a stupa.
Buddhavanam, a Buddhist heritage theme park spread across 274 acres in Nagarjunasagar and developed by the Telangana government spending `100 crore, is the largest Buddhist tourism centre in Asia.
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Agreement on financial package of USD25 million signed www.montsame.mn

The EBRD organized a financial package of USD25 million to XacBank, the country’s most active creditor of green economy projects.
The package consists of an EBRD loan of up to USD 18.75 million and concessional financing of up to USD 6.25 million provided by the Green Climate Fund (GCF). It will help support domestic individuals and businesses willing to invest in climate mitigation and adaptation technologies and services. Beneficiaries can identify climate-friendly technologies with the help of the Green Technology Selector and dedicated technical support is available through a consultancy team funded by the GCF and Japan.
This is the latest project in Mongolia under the Green Economy Financing Facility (GEFF) programme. XacBank, the sustainability-award-winning financial institution and the first financial institution to join GEFF in Mongolia, will benefit from the EBRD’s experience in energy and resource efficiency and climate resilience financing.
Source: EBRD in Mongolia
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Deputy Prime Minister meets Australian Foreign Minister www.montsame.mn

Deputy Prime Minister of Mongolia S.Amarsaikhan met with Minister of Foreign Affairs of Australia Penny Wong and exchanged views on bilateral and multilateral cooperation.
Emphasizing the 50th anniversary of the establishment of diplomatic relations between Mongolia and Australia which is being marked these days, Deputy Prime Minister S.Amarsaikhan expressed satisfaction with the successful development of friendly relations between the two countries in many areas, including education, mining, agriculture, and energy. He also stressed the Government of Mongolia’s commitment to promoting cooperation between the parties on a wider scale on a mutually beneficial basis and bringing bilateral relations to a new level within the framework of the ‘New Revival Policy’.
For her part, Foreign Minister Penny Wong expressed gratitude for the working visit of the Deputy Prime Minister on the days of the historic anniversary and the latter's commitment to the development of bilateral relations. She also noted that the Oyu Tolgoi project, implemented by the Rio Tinto company with the Government of Mongolia, is of great importance for expanding trade, economic, and investment cooperation between the two countries.
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President meets his Chinese counterpart www.montsame.mn

On the sideline of his participation in the Meeting of the Council of Heads of SCO Member States in Samarkand, President of Mongolia U.Khurelsukh met with President of the People’s Republic of China Xi Jinping.
The Heads of State of the two countries assessed the comprehensive strategic partnership and cooperation between Mongolia and China, and exchanged views on the future outlook and some issues of international relations.
President of Mongolia U.Khurelsukh emphasized that the development of relations and cooperation with China is one of the key priorities of Mongolia's foreign policy, and highlighted the importance of developing cooperation between the two countries in line with their respective development policies and objectives. In addition, he expressed his gratitude to the Government and people of China for the prompt supply and support of vaccines, medical equipment, and materials to the people of Mongolia during the difficult time of the pandemic.
Chinese President Xi Jinping emphasized that Mongolia plays an important role in the relations and cooperation that the country is developing with its neighboring countries, and said that in the future, the traditional friendly relations and mutually beneficial cooperation between the two countries will be further expanded and developed. The Chinese side expressed support for the ‘One Billion Trees’ national movement spearheaded by the President of Mongolia and announced that they stand ready to implement joint projects and programs in environmental protection and combating desertification.
In addition, they expressed their willingness to actively cooperate in order to coordinate the ‘Belt and Road’ initiative and the ‘Steppe Road’ program and advance the implementation of the Mongolia-Russia-China Economic Corridor Program.
During the meeting, the parties also agreed to further intensify trade and economic cooperation and to actively cooperate in accelerating the implementation of large-scale energy and infrastructure projects.
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Turquoise Hill holder Pentwater ups stake, rejects Rio Tinto bid www.mining.com

Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while again rejecting Rio Tinto’s C$43-a-share offer for the 49% of the miner it doesn’t already own.
The activist investor disclosed it had bought around 1.24% of common stock at C$41.01 per share in Turquoise Hill, for a total of C$102.5 million on September 15. It means it currently owns 13.77% of Turquoise Hill’s shares
Rio Tinto (ASX, LON: RIO) agreed earlier this month to take over Turquoise Hill after sweetening an initial offer by around 20% to “a best and final” $3.3 billion.
Pentwater, which joined minority shareholder SailingStone Capital Partners in publicly opposing Rio Tinto’s offer as too low, restated its discontent.
“The proposed price implies an equity value of C$8.65 billion, which is a fraction of the free cash flow that Pentwater expects Turquoise Hill to generate over the next decade,” it said in the statement.
Pentwater noted it expects Turquoise Hill to generate over C$10.5 billion of free cash flow through 2030 assuming a $3.50 per pound copper price and almost C$14.2 billion of free cash flow assuming copper prices of $4 per pound.
It also said it was weighing options to thwart the deal, including but not limited to the possible exercise of dissent rights or other legal action.
Rio’s offer requires two thirds of shareholders, including Rio Tinto’s, to vote in favour. More than 50% of minority shareholders must approve it.
The final bid represents a 67% premium from Turquoise Hill’s closing price of C$25.68 a share on March 11, the trading day prior to the initial proposal.
Third largest copper-gold mine
Pentwater has said the proposed premium is unacceptable for a mine that it expects to be “the third largest copper and gold mine in the world with a mine life in excess of 90 years.”
Some analysts believe that Rio Tinto will need to increase its offer to win over some minority shareholders and so hold a direct majority stake in the massive Oyu Tolgoi copper-gold mine in Mongolia.
The global miner, which has mined copper from Oyu Tolgoi’s open pit for a decade, will have the task of finishing building the underground section of the mine.
Once completed, it will lift production from 125,000–150,000 tonnes in 2019 to 560,000 tonnes per year at peak output, which is now expected by 2025 at the earliest.
This would make it the biggest new copper mine to come on stream in several years.
 
 
 
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Mongolian President says he supports Russia-China oil and gas pipelines through Mongolia www.reuters.com

MOSCOW, Sept 15 (Reuters) - Mongolian President Ukhnaagiin Khurelsukh said on Thursday that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.
Speaking via translator at a trilateral meeting with Russian President Vladimir Putin and Chinese President Xi Jinping at a summit of the Shanghai Cooperation Organisation in the Uzbek city of Samarkand, Khurelsukh backed the plans, proposing studies of their economic feasability.
Khurelsukh said: "We also support the construction of oil and gas pipelines to supply natural gas from Russia to China through the territory of Mongolia and propose to study this issue from the viewpoint of technical and economic justification".
Russian energy giant Gazprom (GAZP.MM) hopes to build the Power of Siberia 2 gas pipeline via Mongolia to China with a view to exporting 50 billion cubic metres of gas per year via the route by 2030. No plans for an oil pipeline via Mongolia have yet been formally proposed.
 
 
 
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Xi meets with Mongolian President Khurelsukh www.xinhuanet.com

SAMARKAND, Uzbekistan, Sept. 15 (Xinhua) -- Chinese President Xi Jinping met with his Mongolian counterpart, Ukhnaa Khurelsukh, at Forumlar Majmuasi Complex in Samarkand on Thursday afternoon.
Xi pointed out that China-Mongolia relations have maintained good momentum of growth, and exchanges and cooperation between the two countries in various fields have achieved good results.
Relations with Mongolia has an important place in China's neighborhood diplomacy, he said, adding that China stands ready to work with the Mongolian side to carry forward traditional friendship and expand mutually beneficial cooperation in the spirit of amity, sincerity, mutual benefit and inclusiveness and take the China-Mongolia comprehensive strategic partnership to new heights.
Xi emphasized that the trend of the world is surging forward, that peace and development are the common aspirations of people of all countries, and that unilateralism, hegemony and the Cold War mentality will eventually be swept away by the trend of history.
China has always been committed to peace, development, cooperation and mutual benefit, and calls for building a community with a shared future for mankind, he said.
China and Mongolia need to continue to treat each other as friends, support each other and engage in win-win cooperation to set a shining example of relations between neighbors, Xi said.
The two countries, he said, need to strengthen strategic communication and policy coordination, uphold mutual respect for each other's independence, sovereignty and territorial integrity, respect the development paths independently chosen by the two peoples, firmly support each other's core interests and major concerns, and look after and consolidate the political foundation for the development of bilateral relations.
The Chinese side is ready to work with the Mongolian side to strengthen the exchange of experience on governance, synergize the Belt and Road Initiative (BRI) and the "Prairie Road" initiative, promote the development of the China-Mongolia-Russia Economic Corridor, implement the Global Development Initiative (GDI) and the Global Security Initiative (GSI), and support Mongolia in achieving better and faster development, he said, adding that China supports Mongolia's "Planting One Billion Trees" plan and is ready to carry out cooperation projects with Mongolia in combating desertification.
Khurelsukh said the traditional friendliness between Mongolia and China is increasingly solidified and that the comprehensive strategic partnership is indeed a fine example for state-to-state relations. Mongolia thanks China for offering COVID-19 assistance, which made important contributions to the health of Mongolian people.
Issues related to Taiwan, Xinjiang, Tibet and so on are China's internal affairs, he said, stressing Mongolia staunchly abides by the one-China policy and firmly opposes the interference in China's internal affairs by any country.
Mongolia highly commends China's important contributions to safeguarding world peace and security, and supports the BRI, the GDI and the GSI put forward by China, he said, adding that Mongolia is ready to build stronger synergy between the two countries' development strategies, and enhance bilateral practical cooperation in various fields such as economy and trade, railway and environment.
Great achievements have been made in the building of socialism with Chinese characteristics for a new era, and Mongolia is happy for China, he said.
Khurelsukh wished the 20th National Congress of the Communist Party of China a full success, and expressed conviction that under the strong leadership of President Xi, China will surely realize the grand goal of building China into a modern socialist country in all respects.
Ding Xuexiang, Yang Jiechi, Wang Yi, He Lifeng and other officials attended the meeting.
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L. Oyun-Erdene, Prime Minister of Mongolia, will attend the State Funeral of Her Majesty Queen Elizabeth II www.mfa.gov.mn

Prime Minister Oyun-Erdene Luvsannamsrai will attend the State Funeral of Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland to be held in London on 19 September 2022.
The Prime Minister will also attend a reception hosted by His Majesty King Charles III for national representatives attending the State Funeral and offer condolences to the Royal family and British people on behalf of Mongolia.
More than 500 Heads of State and Government, other foreign dignitaries and members of Royal Families are expected to attend the State Funeral.
The United Kingdom was the first western country to establish diplomatic relations with Mongolia and has continualy supported Mongolia’s transition to democracy.
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