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 provide USD 200 thousand in humanitarian assistance to Ukraine www.montsame.mn

At its irregular meeting held today, the Cabinet resolved to provide USD 200 thousand as humanitarian assistance to Ukraine.
USD 150 thousand of the assistance, which will be allocated from the Government’s reserve fund, will be provided to Ukraine through UN Crisis Relief and the rest will be transferred via International Red Cross and Red Crescent Societies, reported Spokeswoman of the Prime Minister Ch.Bolortuya.
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Mongolia's active COVID-19 cases drop below 1,000 first time since late 2020 www.xinhuanet.com

April 4 (Xinhua) -- The number of active COVID-19 cases in Mongolia has dropped below 1,000 for the first time since Dec. 22, 2020, the country's health ministry reported on Monday.
The number of active cases in the Asian country stood at 971 after 81 new local infections were reported in the past day, the ministry said in a statement.
Meanwhile, no new related deaths were reported in the past day, and the death toll from COVID-19 has remained unchanged at 2,108 in the country.
Mongolians have basically returned to everyday life due to high vaccination coverage and declining daily infections. Notably, the country has resumed in-person classes for all levels of educational institutions and fully opened its borders to foreign tourists, who will not be required to have a polymerase chain reaction (PCR) test or to be quarantined.
So far, 66.8 percent of the country's total population of 3.4 million has received two COVID-19 vaccine doses, 1,032,876 people have received a third dose, and 115,185 have received a fourth dose voluntarily.
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2nd meeting of Mongolia-Poland intergovernmental commission takes place www.montsame.mn

The 2nd meeting of the Mongolia-Poland intergovernmental commission on Economic Cooperation was held virtually on March 31.
The meeting was chaired by B.Munkhbaatar, Minister of Construction and Urban Development of Mongolia, and Grzegorz Piechowiak, Secretary of State in the Ministry of Economic Development and Technology of Poland.
During the parties agreed to intensify the implementation of the projects, which were agreed to be realized by Poland’s soft loan, such as the establishment of a solid waste treatment plant in Erdenet city, expansion of wastewater treatment plants in 5 aimags, supply of special equipment and vehicles for mobile medical care in rural areas as well as the development of vegetable production and value chains.
Moreover, the parties also discussed issues on the expansion of bilateral cooperation in the fields of e-governance, IT, auto road transport, geology, agriculture, veterinary medicine, light industry, culture, archeology, tourism, social protection and health, and signed a Protocol.
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Australia sees global uncertainty driving resource export earnings to record www.reuters.com

Australia’s mining and energy export earnings are forecast to reach a record A$425 billion ($318 billion) in 2021-22, although prices of its key iron ore shipments are expected to ease, the government said on Monday.
Resource export earnings are forecast to climb 33% in the 2021–22 financial year ending in June from a record A$320 billion the previous year driven by an unprecedented surge in coal and LNG prices, the Department of Industry said in its quarterly resources and energy outlook. These earnings are seen falling to A$370 billion in 2022–23, it said.
Global energy and commodity prices have surged this year on the prospect that Russia’s invasion of Ukraine will intensify shortages.
“Coal becomes only the second Australian commodity after iron ore to break through the $100 billion annual export mark,” said Australia’s Minister for Resources and Water Keith Pitt.
“The combined export earnings for lithium, nickel and copper will likely exceed $23 billion in 2021-22, which would be an increase of 38 percent on the 2020-21 earnings,” he added.
Australian metallurgical and thermal coal prices hit record highs in January 2022, as bad weather affected production and transportation. New records were then set in the wake of the Ukraine war, the report noted.
The combined coal export earnings are forecast to rise to about A$110 billion in 2021–22.
Prices for iron ore, Australia’s top commodity export, remain well below their mid-2021 peak and are expected to ease as Brazilian supply recovers further and growth in global demand moderates.
($1 = 1.3362 Australian dollars)
(By Praveen Menon; Editing by Jacqueline Wong)
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Aspire Mining puts down more roots in Mongolia with 10-million-tree pledge www.proactiveinvestors.com.au

Aspire Mining Ltd (ASX:AKM) has committed to plant 10 million trees in Mongolia at a recent signing ceremony in the country’s capital.
The resources stock met with the Mongolian President, Prime Minister and Minister for the Environment in Ulaanbaatar, where it pledged to sow the 10 million saplings in Khuvsgul Aimag province in the country's northwest.
Aspire’s pledge forms part of the Mongolian Government’s promise to plant 1 billion trees in Mongolia by 2030, as announced last year.
The mass planting campaign is part of the nation’s efforts to reduce the impact of planet-wide climate change and bolster Mongolia’s contribution to the United Nations’ Sustainable Development Goals.
Government and businesses sow the seeds
Mongolia’s government will spend no less than 1% of its gross domestic product on this green endeavour, planting trees in three stages to 2030.
At a press conference outlining the initiative in October last year, Mongolia’s Minister of Nature, Environment and Tourism, N.Urtnasan, said: “We have set up working groups to launch a national campaign to plant one billion trees and ensure the implementation of it for 10 years.
“As of today, 76.9% of Mongolia's territory is affected by desertification. It is estimated that if the goal of the campaign is achieved, 120 million hectares of highly desertified land will be reduced by 4%, forest cover will be increased by 9% and greenhouse gas emissions will be reduced by 600,000 tonnes.”
Urtnasan also noted that companies would form a large part of the campaign, with some large, private companies electing to plant between 20 million and 120 million trees over the next decade.
Next steps
Aspire has engaged an agri-scientist to prepare a planting program and establish a tree nursery in the Khuvsgul capital of Murun, with the campaign scaled up to meet the company’s commitment.
Once established, the nursery is expected to be a long-term source of future tree plantings.
Overall, Aspire’s commitment to 10 million tree plantings by 2030 makes up half of the entire planting commitment for the Khuvsgul Airmag province.
It also coincides with the ASX-lister’s own sustainable development program and environmental policies.
Developing coking coal assets
Aspire’s tree planting pledge is on top of the commitments it has made in the environmental management plan for its wholly-owned, world-class Ovoot Coking Coal Project.
Ovoot is one of two coking coal assets that Aspire is developing in northwest Mongolia — the company also owns 90% of the Nuurstei project in the Khuvsgul Aimag province.
At present, the ASX-lister is focused on permitting, engineering and financing the Ovoot Coking Coal Project and transforming it into a producing asset.
The flagship project hosts 255 million tonnes of JORC-compliant coal reserves and could sustain a full-scale production cycle of up to 10 million tonnes of saleable coking coal per annum over a long mine life.
A 2019 pre-feasibility study for the coking coal asset outlined a 4-million-tonne-per-annum, 9.2-year life of mine truck and rail operation at Ovoot.
The project carries a US$586 million net present value at a 10% discount, as well as a 43.7% internal rate of return, and the company is planning for a decision to mine in 2022 once permitting and funding are secured.
Down the line, Aspire intends to mine by open-pit, truck coking coal to a company-owned terminal facility in Erdenet and delivering to customers in China and Russia via the existing Mongolian rail network.
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Mongolia issues warning over wildfires www.xinhuanet.com

April 4 (Xinhua) -- Mongolia's National Emergency Management Agency on Monday issued a warning of forest and grassland fires.
There is a high risk of wildfires this spring due to the dry and windy weather in most parts of Mongolia, the agency said, warning the public to prevent possible wildfires.
Four wildfires were reported in the country over the weekend, burning over 25,000 hectares of forest and grassland, according to the agency.
People's negligence was the main cause of these wildfires, it said, urging citizens not to make open fires or throw cigarette butts on the ground
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Slovakia agrees to pay for Russian gas in rubles www.rt.com

Slovakia will pay for Russian natural gas in rubles if that’s what it takes to keep the commodity flowing, Slovak Economy Minister Richard Sulik has said on national television.
“If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said. He stressed that Russian imports account for roughly 85% of all Slovakian gas supplies, so the country’s authorities will remain pragmatic on the issue.
“We cannot be cut off from gas,” Sulik emphasized, urging the rest of Europe to jointly seek a solution.
Nearly all of the countries of the European Union, of which Slovakia is a member, slapped Russia with economic sanctions over the past month, jeopardizing Russia’s ability to receive payments from trade partners in the European currency. In response, Russian President Vladimir Putin last week signed a decree introducing a new ruble gas payment mechanism.
Although it is viewed by some as going against existing gas contracts, the mechanism does not imply a change of the currency of payment. It enables buyers to open ruble accounts with Russian Gazprombank to facilitate the transfer of European companies’ payments to Russian suppliers.
According to Putin’s press secretary Dmitry Peskov, “de facto nothing will change for European companies… They will pay, as they used to, in euro, the same currency that is indicated in the contracts,” but the seller, Russia’s major gas exporter Gazprom, will be able to receive the funds in Russia’s national currency. Despite extensive explanations, however, many Russian buyers found themselves puzzled by the change. The initial reaction was mostly one of protest, with countries claiming they would not pay for gas in rubles. However, it appears that this will not be necessary at all.
The Slovakian economy minister, along with a number of other European politicians, said the situation calls for diversification of suppliers. But he said this may take years, while Slovakia has only two months to solve the current problem with fuel purchases.
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Mongolia adds 65 COVID-19 cases www.xinhuanet.com

April 3 (Xinhua) -- Mongolia has reported 65 new COVID-19 cases over the past 24 hours, bringing the total number of confirmed cases in the Asian country to 469,669, according to a statement released by the country's health ministry on Sunday.
Meanwhile, no new deaths from COVID-19 were reported in the past day, and the country's death toll has remained unchanged at 2,108.
In addition, there are a total of 1,052 active COVID-19 cases across the country.
Life has returned to normal in Mongolia due to high vaccination coverage and declining daily infections, with about 100 cases registered countrywide since mid-March.
Almost 67 percent of the country's population of 3.4 million have received two COVID-19 vaccine jabs, 1,032,876 people have received a third dose, and nearly 115,185 have received a voluntary fourth shot.
The Asian country has resumed in-person classes for all educational institutions and fully opened its borders to foreign tourists, who are no longer required to have a PCR test or be quarantined.
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First EU country ceases buying Russian natural gas www.rt.com

Lithuania’s government said on Saturday that it has halted all purchases of Russian natural gas, making irrelevant President Vladimir Putin’s demand that all “unfriendly states” pay for the fuel in rubles amid heavy sanctions imposed on Moscow over the Ukraine conflict.
“In these circumstances, Russia’s demand to pay for gas in rubles is meaningless, as Lithuania no longer orders Russian gas and no longer plans to pay for it,” the Lithuanian Energy Ministry said in a statement.
Lithuania is first among the EU countries traditionally supplied by Russian state-owned gas giant Gazprom to completely wean itself off imports from Moscow, Energy Minister Dainius Kreivys claimed. “This is the result of a multi-year, coherent energy policy and timely infrastructure decisions,” he said.
The ministry said that Lithuania’s gas distribution network has been operating without any supplies from Russia since Friday, which was Putin’s deadline for payment in rubles. The move came in response to “Russia’s energy blackmail” and the conflict in Ukraine, according to the statement.
Putin’s demand required buyers to open ruble accounts in Russian banks through which to pay for their gas. “If such payments aren’t made, we will consider this a failure by the client to comply with its obligations,” he said on Thursday. In response, Germany and Austria activated emergency plans for potential gas rationing.
All of Lithuania’s gas supplies now come through the Klaipeda LNG import terminal on the country’s Baltic Sea coast. The terminal has bookings for three large cargoes to arrive each month, the Energy Ministry said, and gas can also be provided through links with Latvia and Poland if necessary.
Russia supplies about 40% of the gas used by EU nations and around one third of their oil. Lithuanian President Gitanas Nauseda has called for EU members to cut off both gas and oil imports from Russia. “Europe must stop buying Russian gas and oil because the Kremlin regime uses this money to finance destruction of Ukrainian cities and attacks on peaceful civilians,” Nauseda told reporters on Thursday.
Meanwhile, Hungarian Prime Minister Viktor Orban said on Friday that it would be impossible for some countries, including his, to replace gas supplies from Russia. On top of that, Federation of German Industries President Siegfried Russwurm said on Thursday that German industry would “collapse” if it were cut off from Russian gas.
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Ukraine war to halve global trade growth, warns WTO www.bbc.com

The Ukraine war has led the World Trade Organization (WTO) to cut its global trade growth forecast for this year.
The previous 4.7% growth forecast has been cut to 2.5% due to "the impact of the war and related policies", said WTO boss Dr Ngozi Okonjo-Iweala.
The cut is also linked to continuing global supply chain problems that started as a result of the pandemic.
She said disruptions would make food more costly, saying "my worry is that we have a food crisis that is brewing".
Dr Okonjo-Iweala told the BBC that although Russia and Ukraine only make up about 2.5% of global merchandise exports, they "are very, very significant in certain sectors".
"The first worry, of course, is for the people of Ukraine, who are being displaced [and] not having enough food to eat," she said.
She added the global economy was "going to suffer some severe consequences", and said poorer countries would particularly feel the impact of the shortages, and "the supply constraints on food".
Supplies of many food products including wheat and corn have been affected following Russia's invasion of Ukraine.
Industry groups have warned the EU faces a shortage of sunflower oil. In total, 46.9% of global exports come from Ukraine and 29.9% from Russia according to S&P Global, but with Ukraine's ports closed it is struggling to export it.
"I'm truly worried about looming hunger, particularly in poor countries that can least afford it," Dr Okonjo-Iweala warned.
Using Africa as an example, the former Nigerian finance minister said 35 of 55 countries there imported wheat and other grains from Russia and Ukraine and 22 imported fertiliser.
"Work being done by the African Development Bank now shows that in many countries, food prices are rising by 20% to 50% already," she said.
However, Dr Okonjo-Iweala said she was hopeful there were solutions to the supply problems.
She said in the short term countries could be "changing our dietary tastes" to eat more homegrown products.
She added in the longer term Africa was investing in "heat tolerant varieties of wheat and other crops" as it adapts to climate change.
As well as food prices surging, the cost of other commodities have hit record highs amid concerns the war and economic sanctions on Russia will lead to supply disruptions.
Russia's mining industry is hugely important for many substances such as palladium, where it is responsible for 40% of global production of the metal that is essential for carmakers.
Even before the war in Ukraine, the pandemic had caused a mismatch between supply and demand in many industries which pushed prices up, and the International Monetary Fund has warned that soaring inflation will reduce global economic growth this year.
"In the short to medium term, I think that we are going to see these inflationary pressures continue," Dr Okonjo-Iweala said.
Trade battle with Russia
Trade has become a key tool many countries have used to pressure President Vladimir Putin over his decision to invade Ukraine.
Ukraine has cut economic ties with Russia and led calls for it to be suspended from the WTO because of the war. However no country has ever been expelled from the WTO, something the Director-General said is "not an easy thing to do".
She says there is no mechanism to kick Russia out despite some leading international trade lawyers disagreeing.
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