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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Rio Tinto bids $3.67b to get troubled Mongolian copper mine on track www.smh.com.au

Rio Tinto has launched a $US2.7 billion ($3.7 billion) bid to assume full ownership of the Canadian company that owns 66 per cent of the giant Oyu Tolgoi copper project in Mongolia.
The Anglo Australian miner has offered $C34 a share to buy out the 49 per cent of Turquoise Hill that it does not already own, offering a 32 per cent premium to the last closing price on the Toronto Stock Exchange.
Rio Tinto chief executive Jakob Stausholm said the company strongly believed in the long-term future of the mine.
“That is why we want to increase our interest in Oyu Tolgoi, simplify the ownership structure, and further strengthen Rio Tinto’s copper portfolio,” he said.
Mr Stausholm said a successful transaction would provide a more efficient corporate structure and allow Rio Tinto to directly deal with the Mongolian government, which owns 34 per cent of the project.
No agreement has been reached between Rio Tinto and Turquoise Hill.
The bid comes just weeks after Rio Tinto and Turquoise Hill cancelled $US2.4 billion ($3.3 billion) in debt owed by the Mongolian government to settle years of disputes and delays that have plagued the mining giant’s plans to enlarge the Oyu Tolgoi copper project.
The two companies described the deal as a “reset” of their relationship with the host nation by increasing the financial benefits staying in the developing nation. The agreement allowed underground mining operations to commence on a $US6.9 billion expansion.
In its announcement to the market after close, Rio Tinto said should Turquoise Hill investors not accept its offer “Rio Tinto welcomes their continued investment and equal share of future risks and funding obligations.”
Rio Tinto’s bid comes less than a week after copper prices hit a record high, along with other commodities, due to concerns about supply disruptions due to the Russian invasion of Ukraine.
Oyu Tolgoi is one of the world’s biggest-known copper and gold deposits. It has had significant delays since construction began in 2019 and the estimated cost has increased from $US5.3 billion to $US6.9 billion.
Copper demand is expected to grow strongly in coming decades as the electrification of industry and transport to reduce carbon emissions will require huge quantities of electrical wiring.
Rio Tinto’s progress in growing its exposure to copper comes after its push into lithium, another of the key raw materials needed to build electric cars, faced a setback in January.
The Serbian government revoked its licences to develop the $US2.4 billion Jadar lithium mine following months of large-scale public protests over the project’s potential environmental impacts.
By Peter Milne
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Rio in $3.7b bid to take control of Oyu Tolgoi www.afr.com

Rio Tinto has moved to take control of the Oyu Tolgoi project in Mongolia, making a $US2.7 billion ($3.7 billion) bid for the company behind the troubled copper mine, as chief Jakob Stausholm continues his push to tidy up problem issues of the past.
Signalling the mining majors are turning their minds to acquisitions amid the boom in commodity prices, Rio on Monday revealed plans to buy the about 49 per cent of Toronto-listed Turquoise Hill it does not already own.
Under the terms of the deal, Turquoise Hill minority shareholders would receive $C34 a share, representing a premium of 32 per cent to its last closing price.
Rio Tinto CEO Jakob Stausholm: “We believe the terms of proposal are compelling for Turquoise Hill shareholders.” Trevor Collens
If successful, the deal would see Rio hold a 66 per cent interest in Oyu Tolgoi, with the remaining 34 per cent owned by the Mongolian government.
It comes after Rio in January struck a deal with the Mongolian government to resolve the major disputes that have hampered progress on a $US6.9 billion expansion of Oyu Tolgoi, agreeing to waive a $US2.4 billion debt the government owed. In exchange, Mongolia softened its stance on several matters, most notably its desire for the mine to get all of its power from a Mongolian generator by July 2023.
Rio said the bid would simplify the Oyu Tolgoi ownership structure after the recent “reset” of the relationship between the project’s partners and strengthen its copper portfolio. It would also give Turquoise Hill’s minority shareholders an attractive exit “at a time when uncertainties inherent in the development of the underground operations and funding of such development remain”, Rio added.
“Rio Tinto strongly believes in the long-term success of Oyu Tolgoi and Mongolia, and delivering for all stakeholders over the long term,” Mr Stausholm said. “That is why we want to increase our interest in Oyu Tolgoi, simplify the ownership structure, and further strengthen Rio Tinto’s copper portfolio.
Relationship reset
“We believe the terms of proposal are compelling for Turquoise Hill shareholders.
“[It] would enable Rio Tinto to work directly with the government of Mongolia to move the Oyu Tolgoi project forward with a simpler and more efficient ownership and governance structure. With our relationship reset and the underground operations commenced, this transaction demonstrates our clear and unequivocal long-term commitment to Mongolia.”
Rio is being advised by Credit Suisse, RBC Capital Markets and Rothschild.
Turquoise Hill is yet to comment on the bid.
The move comes after Mr Stausholm last month held a roundtable with sell-side analysts where he flagged he was “happy with its mix, but is looking for modest growth, not big M&A”, according to Barrenjoey’s Glyn Lawcock.
“Rio is now looking for modest growth through value-accretive developments that Rio can grow and not through conducting large-scale M&A,” he said. “Within copper, Rio has growth options with the underground expansion at Oyu Tolgoi, while Winu is not for sale at the moment, as the resource is still being defined.”
Juukan Gorge scandal
Since replacing Jean-Sebastien Jacques in January 2021 following the Juukan Gorge scandal, where the mining giant destroyed prized cultural heritage in the Pilbara, Mr Stausholm has been addressing several lingering challenges, including releasing a bombshell report into its culture revealing systemic bullying, with common instances of sexual harassment and racism.
Rio has also battled sizeable cost blowouts for Oyu Tolgoi’s underground expansion, contributing to the miner’s enduring fractious relationship with the Mongolian government.
Turquoise Hill requires a further $US3.4 billion to complete the underground expansion, which would supercharge the project that Rio has mined from a small open pit mine since 2011.
Macquarie’s analysts on Friday lifted their copper price forecasts 7-16 per cent over 2022 and 2023, saying they “continue to see value in Rio, which is benefiting from iron ore, aluminium and copper prices”.
In 2021, Rio’s copper earnings before interest, taxes, depreciation, and amortisation soared 90 per cent to $US4 billion on the back of a 50 per cent jump in prices, supported by strong demand amid the global economic recovery and decarbonisation trends.
It expects Oyu Tolgoi’s underground operations to begin production in the first half of 2023.
Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
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Mongolia launches national movement against alcoholism www.xinhuanet.com

March 14 (Xinhua) -- Mongolian President Ukhnaa Khurelsukh on Monday announced that the country is launching a national movement against alcoholism for national security and the well-being of Mongolian families.
"One of the main reasons for our sufferings is alcoholism. Alcoholism never brings good. Instead, it brings misery, loss, and sorrow," Khurelsukh said during a national conference called "Men's Participation and Leadership in Social Development."
The role, responsibility and leadership of men are very important for the development of the country and their families, Khurelsukh said, noting that the average life expectancy of men in Mongolia is now almost 10 years lower than that of women.
High consumption of tobacco and alcohol by men, resulting in diseases such as lung and liver cancers and cardiovascular problems, is said to be the main reason Mongolian men have a shorter lifespan than women on average.
This is extremely irresponsible and affects not only men's quality of life, but also the security of families and nations, the president said. "Therefore, starting from today, we are launching the 'Healthy Mongolians' national movement against alcoholism for our national security and the well-being of Mongolian families."
He urged all Mongolians to unite against alcoholism and abstain from drinking alcoholic beverages.
Divorce is increasing year by year in Mongolia, and as of 2020, there were more than 86,500 single parents in Mongolia, the majority of whom were single mothers.
It is said that one of the main causes of divorce and domestic violence in the country is alcoholism.
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Finland launches long-delayed nuclear plant www.rt.com

The Olkiluoto 3 nuclear reactor, located in western Finland, has finally been linked up to the national grid and started power generation, according to Finnish operator Teollisuuden Voima (TVO).
The 1.6-gigawatt reactor, the launch of which was originally planned for 2009, is expected to boost the nation’s electricity independence as well as to help in achieving carbon neutrality targets.
“OL3 significantly improves Finland’s electricity self-sufficiency and helps in achieving carbon neutrality goals,” the operator said in a statement on Saturday.
Eroded by technological problems that became the subject of lawsuits, Olkiluoto 3 is Finland’s first new nuclear plant in more than four decades and the first one launched in Europe in nearly 15 years.
Germany shuts half of its nuclear plants amid energy crisisREAD MORE: Germany shuts half of its nuclear plants amid energy crisis
The reactor’s final price tag was put at about €11 billion ($12 billion), almost three times more than what was initially estimated, Finnish public broadcaster YLE reported last year.
The reactor started test production at just over 0.1 gigawatt, and is projected to ramp-up to peak capacity by the end of July. After reaching full capacity, it will reportedly satisfy 14% of Finland’s electricity demand. Olkiluoto 3 is expected to reduce the need for imports from Russia, Sweden and Norway.
Finland now operates five nuclear reactors at two power plants on the shores of the Baltic Sea. All together, they are able to cover over 40% of the country’s electricity demand.
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PCR test no longer required to enter Mongolia www.montsame.mn

Starting from today, March 14, PCR and rapid test results will no longer be required for all travelers entering Mongolia.
However, MIAT Mongolian Airlines, for example, has reported that all its passengers will continue to be required to wear their face masks.
Any type of enclosed areas, such as ticketing offices, customer service areas, and aircraft cabins, are being disinfected once every 4 hours, and thoroughly ventilated each hour. Following each flight, airlines also follow the guidance issued by International Air Transport Association (IATA) and the corresponding manufacturer when cleaning and disinfecting the aircraft.
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Fire at China steelmaker Bao Gang plant in Inner Mongolia kills 7 www.reuters.com

BEIJING (Reuters) - A fire that broke out at a Bao Gang United Steel plant in China's Inner Mongolia region in Monday morning has killed seven people, the local emergency management department said in a statement.
The accident happened during maintenance at a pellet desulphurisation facility that belongs to the steelmaker and operated by Guoshun Group, according to the statement.
Local government is still investigating the cause of the incident, the authority said, without saying whether production and operation at the project have been halted. The project has pellet capacity of five million tonnes per year, according to the statement.
Bao Gang United Steel did not answer Reuters' call seeking comment. Guoshun Group declined to comment.
State-backed Bao Gang has an annual steel capacity of over 15 million tonnes per year, according to the company's website.
(Reporting by Min Zhang and Dominique Patton; Editing by Kenneth Maxwell)
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Views exchanged on projects to be implemented with ADB funding www.montsame.mn

Minister of Finance B. Javkhlan held a meeting with Director General of ADB’s East Asia Department Teresa Kho, ADB Country Director for Mongolia Pavit Ramachandran and others on March 10.
During the meeting, the Minister briefed on Mongolia’s economic situation for 2022 and budget assumptions and spoke about the progress of ADB-funded projects and issue on establishing General Financing Agreement. In addition, the parties discussed projects to be implemented with ADB’s funding in 2022 and 2023 and how the projects would be coordinated with Mongolian Government’s ‘New Revival Policy’.
Mongolia marks 30th anniversary of its partnership with ADB. ADB has been Mongolia’s largest multilateral development partner since 1991, playing a central role in the country’s transformation to a middle-income, market-based economy. ADB has supported the government’s efforts to stabilize and restructure the economy, strengthen necessary institutions and human resources, and build vital infrastructure helping Mongolia successfully complete the transition process.
To date, ADB has committed USD3.9 billion in cumulative lending, grant, and technical assistance for projects in agriculture, education, energy, finance, health, social protection, transport, urban and rural development, industry and trade, and information and communications technology.
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COVID-19: 92 cases reported www.montsame.mn

The Ministry of Health reported today that 92 СOVID-19 cases were recorded in the last 24 hours nationwide. In detail, 60 cases were reported in Ulaanbaatar city, with 32 cases in 32 provinces.
It was also reported that no COVID-19 related death has been reported in the past 24 hours. Currently, there are 928 people are receiving hospital treatment for COVID-19 whilst 3,345 people with mild symptoms are being treated at home.
As of today, the coverage of 1st dose has reached 69.8 percent (2,272,019), 2nd dose – 66.8 percent (2,173,594), and 3rd dose or a booster shot of COVID-19 vaccines – 31.6 percent (1,027,907) of the total population. In addition, 108,925 people (3.3 percent) have received the 4th vaccine dose.
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49.66km bike path to be newly built www.montsame.mn

The capital city has a 90 km of bike paths so far and the Ulaanbaatar Road Development Department plans to build additional 49.66 km of bike path.
As the first part of the project, a 17.3 km bike path will be built between Nalaikh and Yarmag bridge, and a 16.6 km path from Gachuurt junction to Nalaikh-Choir junction.
In addition, the construction work is underway for 1.693 km bike path and pedestrian path from ‘Orgil’ Trade Center to Nalaikh-Choir junction.
As the second part of the project, the construction work to build 15.76 km path is at 30 percent. Bike paths will be built en routes Sapporo-Bayanburd junction, The Mongolian State University of Education-Eastern four-way intersection, Geser Monastery- Ankara street, Marshal bridge- Zaisan bridge along the Tuul River, East four-way intersection- Officers’ Palace, Tavan shar station-10th district.
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15-year-old Mongolian students to be involved in PISA assessment www.montsame.mn

Mongolia is currently ensuring preparations to be involved in the Programme for International Student Assessment (PISA) for the very first time in April. The assessment is expected to serve as an important tool in correctly defining a policy to help students that have fallen behind in studies in the last two years due to the pandemic.
At a press conference organized on March 10, Minister of Education and Science L.Enkh-Amgalan said, “Mongolia will be involved in the computer-based version of the PISA assessment. Through the assessment, certain correlating factors such as whether an appropriate learning environment has been created, whether teachers are able to teach their lessons in an interesting way, and how much parents and guardians’ support affect children’s academic achievement and how much of an impact the pandemic has had on their studies will be determined.”
The PISA assessment is an international assessment that measures 15-year-olds’ ability to use the knowledge and skills they learned from school in real-life challenges.
Carried out by the Organisation for Economic Co-operation and Development (OECD), the programme will involve 88 countries in 2022. As for Mongolia, about 7,300 students of 196 schools have been randomly selected.
The students will be assessed for their mathematics and science knowledge and skills as well as readi
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