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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Events

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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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Covid-19: South Korea closes Seoul schools amid rise in cases www.bbc.com

South Korea has ordered the closure of all schools and kindergartens in the greater Seoul area following a rise in coronavirus cases there.
Nearly 200 staff and students have been infected in the greater Seoul area over the past two weeks.
Remote learning will continue until 11 September, the Ministry of Education said.
Health authorities have warned that the country is on the brink of a nationwide outbreak.
All students in the greater Seoul area, home to over 25 million people, will now take classes online with the exception of those in their final year of high school who are due to take university entrance examinations in December.
Schools with fewer than 60 students and special education schools are allowed to choose whether to follow the ministry's guidelines, the Korea Times said.
Most of South Korea's schools reopened in stages between 20 May and 1 June after cases in the country appeared to fall.
South Korea has reported 310 deaths and 17,945 cases since the pandemic began, according to data from Johns Hopkins University.
The country had been viewed as one of the world's coronavirus success stories for its management of the disease - however in recent weeks infections in the country, particularly the greater Seoul area, have increased.
On Tuesday, 280 new Covid-19 cases were reported - the 12th day of triple digit increases in a country used to case numbers below 30.
Many of the new infection clusters are linked to a number of right-wing Protestant churches whose members took part in a mass rally in Seoul just over a week ago.
Authorities in Seoul have ordered masks to be worn in indoor and outdoor public places for the first time. Churches, nightclubs and karaoke bars have also closed.
The government has warned that if cases continue to rise, tougher social distancing rules could be enforced. It could mean that many businesses across the country would have to close for the first time during the pandemic.
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Rio Tinto’s weak response to cave blasts will trigger stronger reaction www.mining.com

(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters)
Rio Tinto may have inadvertently triggered the law of unintended consequences with its blasting of an Aboriginal heritage site at one of its Australian iron ore mines, and the subsequent slap on the wrists for some senior executives.
The board of Rio cut the bonuses of three senior executives including Chief Executive Jean-Sébastien Jacques as part of the company’s review into the destruction of two historically significant caves in Western Australia state, against the wishes of the Aboriginal traditional owners.
Rio, which overtook Brazil’s Vale as the world’s biggest iron ore miner last year, destroyed the Juukan Gorge caves in May as part of an expansion of its Brockman 4 mine.
hile the blasting met legal requirements, Rio has faced a public and investor backlash for allegedly putting profits ahead of heritage, a view amplified by the revelation that the company had alternatives to destroying the caves but chose not to pursue them.
The Rio board review said there was no single “root cause or error” that resulted in the destruction of the caves, rather it was a “series of decisions, actions and omissions over an extended period of time.”
The board recommended improving procedures and setting up new processes to ensure this type of incident doesn’t happen again.
The board’s review likely fails what Australians refer to as the “pub test,” which means whether the average patrons of a typical bar believe the actions are reasonable and appropriate.
The loss of about $3.7 million in bonuses for the three executives is a very mild punishment, given their level of remuneration and the fact that Jacques, along with head of iron ore Chris Salisbury and Simone Niven, the executive responsible for corporate relations, bear responsibility for what has become a public relations disaster for the company.
The board’s soft-pedalling of the cave destruction was condemned by shareholder advocacy group the Australasian Corporate Centre for Responsibility, and several institutional investors.
While Rio will no doubt hope the issue blows over with the passage of time, it’s more likely that it leads to a renewed focus on environment, social and governance (ESG) issues.
Shareholders are becoming increasingly aware of the financial risks of companies that are viewed as not having leading ESG programmes and a culture of doing the right thing.
Social licence to operate, along with climate change, comes up often as the top concerns for miners, with a survey last year by consultants EY showing 44% of mining executives viewed keeping a social licence as their top concern.
Miners to change
Unfortunately, the Rio incident with the Juukan caves shows that miners may still have some way to go in order to be seen to be placing ESG issues at the heart of their operations.
Rio isn’t alone in this, with other leading mining companies seeming to fall short in this area, despite public commitments that it is their top priority.
Like Rio’s corporate affairs boss Niven, other miners have executives listed as having responsibility for ESG issues, such as outgoing BHP external affairs chief Geoff Healy, Tim Langmead at Fortescue Metals Group, Anik Michaud at Anglo American and Luiz Osorio at Vale.
Glencore is unusual among major miners in not having an executive with ESG responsibilities listed on its website.
But merely having an executive named doesn’t mean these people are among the most important decision makers in the companies they work for.
All the executives’ names above have additional responsibilities and none of them have a public profile worth speaking about.
In effect, they are largely invisible and take little or no public part in the debate over ESG issues.
This hardly speaks to mining companies that appear to view ESG issues as front and centre of their existence.
For companies to be taken seriously, it would likely take the appointment of senior executives, with real power over the decision-making process, to become involved in placing ESG at the heart of each company’s mission.
If Rio had somebody like this, somebody could have stopped the blasting even if the CEO wanted it to proceed, somebody who understood that the negative optics of blowing up the caves considerably outweighed the potential profits, then it may have avoided the current mess.
However, it’s likely that ongoing shareholder demands for increased ESG accountability, coupled with activism by interest groups, will force miners down the path of making ESG more than just the current statements of principle.
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WBC ranking update, “King Tug” climbs to top spot in featherweight www.montsame.mn

Ulaanbaatar /MONTSAME/. Silver medalist of London-2012 Summer Olympics, State Honored Athlete Tugstsogt “King Tug” Nyambayar (11-1-0, 9KOs) will face Mexican boxer Eduardo “Zurdito” Ramirez (23-2-3, 10KOs) for 12-round bout on September 19 in Uncasville, Connecticut at “Mohegan Sun Arena”.
After becoming the IBO (International Boxing Organization) Featherweight Champion in 2019, N.Tugstsogt challenged WBC featherweight titlist Gary Russel Jr. in February, 2020 whom he lost by unanimous decision, losing for the first time in his professional boxing career.
The WBC (World Boxing Council), last week, updated the rankings of boxers, announcing Tugstsogt’s top spot in featherweight.
Specifically, Jessie Magdaleno (28-1, 18KOs), who formerly held the number one spot in featherweight ranking, is now scheduled to fight Emanuel Navarrete (32-1, 28KOs) for the vacant World Boxing Organization (WBO) featherweight title this October which elevated Tugstsogt’s ranking to the top spot.
If Tugstsogt wins his fight against Eduardo Ramirez, he will be able to challenge Gary Russel Jr. once more for the WBC title.
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Mongolia brings home nearly 18,400 nationals due to COVID-19 pandemic: official www.xinhuanet.com

Around 18,400 Mongolian nationals stranded abroad due to the COVID-19 outbreak have been brought back home so far, the Mongolian Foreign Ministry said Monday.

"Since the COVID-19 outbreak, Mongolia has evacuated a total of 18,392 nationals on chartered flights and buses or trains from 53 countries across the globe," Lkhanaajav Munkhtushig, director general of the consular department at the ministry, told a press conference.

Meanwhile, a total of 12,461 Mongolian nationals staying abroad have applied to return home so far, said Munkhtushig.

As of Monday, Mongolia has confirmed 298 COVID-19 cases, with no local transmissions or deaths. Enditem

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China's steel output jumps to new record high in July as demand recovers www.rt.com

As the world’s second largest economy recovers from the coronavirus pandemic, its steel sector reached record high output last month, according to fresh industry data.
China produced 93.36 million tons of crude steel in July, or 3.05 million tons a day, which is over nine percent more than it did over the same period last year, Chinese media reported on Monday citing the China Iron and Steel Association (CISA). The figures coincide with data from the National Bureau of Statistics (NBS), released earlier this month.

July crude steel output exceeded the previous monthly record of 92.27 tons set in May. From January to July, China churned out 593.17 million tons of crude steel, with production rising 2.8 percent year-on-year, the NBS data showed.

According to the CISA, year-on-year production of pig iron rose 8.81 percent to 78.18 million tons last month, while rolled steel output was up 9.87 percent to 116.89 million tons.

China is the world’s top steel producer, but domestic consumption and exports dropped sharply at the beginning of the year as Covid-19 lockdowns paralyzed most industries. This resulted in huge losses for most manufacturers, including steelmakers. To offset the impact of the coronavirus outbreak, the Chinese government unveiled a massive stimulus package, including massive public infrastructure investment that eventually had a positive impact on steel production.

“As macro policies supporting growth consolidate economic recovery momentum, demand for steel in the downstream industry is expected to continue to grow,” the CISA said in a report.

China has become the first major economy to show signs of recovery and avoid recession amid the coronavirus pandemic. After the devastating first three months of the year, when the nation’s economy contracted by 6.8 percent, its gross domestic product (GDP) gained 3.2 percent in the second quarter.

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Preparations being laid out for regular direct flights en route Prague-Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/. On August 21, Minister of Road and Transport Development L.Khaltar received Ambassador of the Czech Republic to Mongolia Jiří Brodský and Head of the Commerce and Economic Section at the Embassy Iva Šustáková.

At the meeting, Minister L.Khaltar put forth a request for support in accelerating the work on the agreement between the two governments on international road transport relations to be established between the Transport Ministries of the two countries. He also expressed his interest in preparing civil aviation specialists in the Czech Republic, and inviting Czech specialists to Mongolia to organize training in aims of utilizing the old airport as a repair center and training base as well as an airport to receive chartered flights for reasons such as medical emergencies.

Noting the 70th anniversary of the establishment of diplomatic relations between Mongolia and the Czech Republic, the Minister highlighted the development of bilateral relations and partnership in various sectors. He then underlined the successful organization of a direct flight en route Prague - Ulaanbaatar to bring back Mongolia nationals, expressing gratitude to the Ambassador as well as the embassy staff and the Czech government for providing support in conducting the flight that brought back 249 citizens from Czech and other European countries.

Despite the establishment of an agreement on direct flights between Mongolia and the Czech Republic in 2017, direct flights have yet to be officially conducted. Thus, the charter flight is considered to be the beginning of regular direct flights to be organized in the future, he highlighted.

In turn, Ambassador J.Brodský emphasized the opportunity to comprehensively resolve several matters in the transport sector by implementing various projects on new railroads as well as renovation of local airports. Noting the direct flight’s significance due to the number of Mongolian nationals living in the country, he then expressed readiness in providing the airline company, ‘Eznis Airways’, that acquired the right to conduct direct flights to the country with the necessary preparations.

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Mongolia in the third in the world with its liver transplant treatment www.montsame.mn

Ulaanbaatar /MONTSAME/ The 100th liver transplant surgery has been performed successfully by a team of the Organ Transplant Center of the State Central First Hospital and a ceremony for glorifying the team as recording in an honorary book of the hospital took place last Friday, August 21 at the hospital.

Liver transplant surgery is the only treatment for the patient, whose liver disease is in its final stage, to save his/her life and make healthy. And liver transplant surgery has been operated 100 times successfully on 98 people in total in Mongolia.

Since the introduction of liver transplant surgery, the youngest person, who has received the surgery, was a 20-month-old baby while the eldest patient was a person aged 62.

During the event, leader of the liver transplant team at the State Central First Hospital, doctor (Sc.D), professor, Honored Medical Doctor O.Sergelen remarked that Mongolia has striven for introducing treatment methodology of liver transplant surgery and satisfying international standards and the country is placed the third in the world with its liver transplant treatment today. We have introduced and naturalized all technologies being used in liver transplant surgery in developed countries. “With introduction of liver transplant surgery in the home country, MNT 23 billion has been saved in state budget,” Ms. O.Sergelen said.

More specifically, since the introduction of the surgery, MNT 65 million are allocated from the state budget for liver transplant treatment and MNT 20 million from Insurance for High-Cost Medical Equipment. And MNT 7-10 million is paid by the patient and the money has played pivotal role in development of liver transplant surgery.

The first liver transplant surgery from a live donor was successfully performed in Mongolia on September 24, 2011 in collaboration with physicians from ASAN Medical Center of the Republic of Korea and Mongolia has become the 46th country that has introduced liver transplant surgery.

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9 people treated from COVID-19 in Mongolia www.akipress.com

One more person recovered from coronavirus in Mongolia on August 23, 289 in total, Ministry of Health reported.

Mongolia carried out 399 tests for coronavirus yesterday. All showed negative results.

9 patients are receiving treatment from COVID-19 in National Center for Communicable Diseases.

The total number of cases is 298. All arrived from abroad.

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Rio Tinto chiefs lose millions over aboriginal site blast www.mining.com

Rio Tinto’s (ASX, LON, NYSE: RIO) top bosses will pay millions of dollars for the destruction of two ancient caves in Australia as the group has decided to cut short-term bonuses of some senior executives following an internal review.

Chief executive Jean-Sébastien Jacques will lose almost $5 million (£3.7m) in bonuses and the head of the iron ore business, Chris Salisbury, will see its bonus at least $1 million short an internal report, released Monday, shows.

Other managers, not at executive level, might also lose their bonuses, the document says. The board’s non-executive directors also agreed to donate 10% of their 2020 director fees to the Clontarf Foundation, a non-Aboriginal organization that supports Aboriginal education and employment.

Rio Tinto destroyed two rock shelters in Juukan Gorge in the Pilbara region of Western Australia on May 24 while carrying out work to expand its iron ore operation.

The company proceeded with the blasting despite having received five separate reports on the significance of the sites, both archeologically and to the local Puutu Kunti Kurrama and Pinikura (PKKP) people, since 2013.

Three mining options that would have avoided damaging the sites were rejected in order to access about 8 million tonnes of high-value ore, Jacques told an Australian Parliamentary committee earlier this month.

The internal review, launched in June, concluded that Rio Tinto “failed to meet some of its own internal standards and procedures in relation to the responsible management and protection of cultural heritage.” It also found that company failed its own aspirations in working with Indigenous groups.

“Pocket change” penalty
Jacques was due to receive an annual bonus of $3.1 million (£1.7m) and a long-term performance bonus of $1.8 million (£1m) in 2021. The CEO earned £5.8 million ($7.6 million) in 2019 including salary, benefits, a bonus and stock awards, according to Rio Tinto’s latest annual report.

Salisbury would have received a bonus of $1.1 million this year, and the global group executive of corporate relations, Simone Niven, was expected to receive around $960,000 (£525,000).

Rio Tinto stopped short of firing any executives, drawing criticism from investor groups who accused the company of failing to take full responsibility for the demolition of sacred sites.

The Australian Centre for Corporate Responsibility, which represents institutional investors, said in a statement the review was “highly disappointing” and “little more than a public relations exercise”.

“Tens of thousands of years of cultural significance get blown up and all that goes to show for it is $7m of lost remuneration,” the body’s CEO James Fitzgerald said.

He said that was “pocket change for these highly paid executives” and that Jacques and Niven should lose their jobs.

The Australian Council of Superannuation Investors said the review “does not deliver any meaningful accountability” and an “independent and transparent review would have given investors greater confidence that [the] accountability applied was appropriate and proportionate”.

“Remuneration appears to be the only sanction applied to executives,” the council’s chief executive, Louise Davidson, said. “This raises the question – does the company feel that £4 million (about $7m) is the right price for the destruction of cultural heritage?”.

Rio Tinto said it would add a new social performance function to monitor its approach to community and heritage practices. It would also include processes to escalate heritage issues to senior management.

 
 
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Mongolia mining, energy group to be injected into QT Vascular in S$1b RTO www.businesstimes.com.sg

BALLOON catheter specialist QT Vascular (QTV) is looking to acquire the entire interest in Tengri Coal and Energy (TCE) for S$1 billion in cash and new shares.

If completed, the deal is expected to result in a reverse takeover (RTO) of QTV, it said in a bourse filing on Sunday night.

The Catalist-listed medtech firm will seek approval from the Singapore Exchange (SGX) and its shareholders for the proposed acquisition at an extraordinary general meeting (EGM) to be convened.

Conditions precedent include QTV disposing all its existing assets and liabilities, so that it will become a shell company into which TCE can be injected.

Singapore-incorporated TCE's wholly-owned operating entities are Tengri Petrochemicals and Tsaidam Energy.

Tengri Petrochemicals holds mining licences issued to mine coal deposits in Bayan sourm, Tuv province in Mongolia, while Tsaidam Energy holds licences to construct power plants and energy facilities in the country.

TCE plans to build and operate an electricity supply business in Mongolia.

QTV's board of directors said the RTO will give the company "a new lease of life" and could potentially increase its market capitalisation.

The proposed acquisition provides an opportunity for QTV to venture into a new business area in the coal and energy industry in Mongolia, which has potential for growth and "significant potential upside", the board added.

The target group - including TCE and its subsidiaries - recorded net losses before tax of about US$516,000 in 2019, net liabilities attributable to shareholders of about US$2.2 million and net tangible liability value of about US$2.3 million as at Dec 31, 2019. These figures are based on the group's unaudited consolidated financial statements as at Dec 31, 2019.

However, the target group's financial statements have not taken into account the actual valuation of TCE's assets, which will be based on an independent valuation to be commissioned and completed before the EGM, QTV said.

The independent valuation will take into account all permits and licences to mine half a billion tonnes of coal located in the middle of Mongolia near major infrastructure; all designs, permits and licences to build and operate a 600-megawatt (MW) coal-fired power plant; and all designs, permits and licences to build and operate the required electricity transmission infrastructure.

It will also take into account the executed agreements with a Chinese state-owned enterprise to provide 85 per cent debt financing for the construction of a power plant. TCE has signed an agreement with a New York venture capital firm to provide the rest of the funding for, among others, the remaining 15 per cent for the plant's construction.

In addition, the independent valuation will consider the 25-year off-take agreements for all of the 600MW of generated power from the coal-fired plant. Half of this power will go to the Mongolian government, while the other half will be used for an industrial minerals processing project owned by TCE's seller, subject to compliance with the requirements for interested-person transactions.

QTV has signed a conditional sale and purchase agreement with the seller, Phoenix Capital Enterprises, which beneficially owns TCE.

The S$1 billion purchase price takes into account the assets owned by the target group, including its power plant licence, off-take agreements, as well as indicated and inferred mineral resources.

QTV will fork out a cash deposit, and the balance will be paid by issuing new shares to the seller. For illustrative purposes, assuming the deposit is zero, the purchase price will be fully paid by issuing some 186.27 billion new shares in QTV at about 0.537 Singapore cent apiece.

The illustrative issue price is at a 10.5 per cent discount to QTV's last traded price per share of 0.6 cent on Aug 20.

The purchase price will be adjusted in the event the independent valuation comes up to less than S$1 billion. The parties have also agreed that the shell company value ascribed to QTV shall be S$12 million at all times.

Holders of QTV shares before the completion of the proposed acquisition are entitled to net proceeds of corporate actions, as well as future proceeds arising from the disposal of its drug-coated peripheral product line Chocolate Touch, which may include royalty payments of up to US$16.1 million, and/or future sales proceeds from selling the Chocolate Touch asset to G Vascular. QTV announced last month that it was in the process of selling the product line to G Vascular for up to S$20 million.

As it is likely that the TCE group may be eligible for a mainboard listing on SGX, QTV intends to seek a transfer of its listing from Catalist to the mainboard, concurrent with the completion of the proposed acquisition.

QTV on Sunday also proposed to undertake a share consolidation exercise to allow the company to comply with SGX mainboard rules for a minimum issue price of S$0.50. The ratio for the share consolidation will be determined later by QTV and Phoenix Capital.

Shares of QTV rose 0.1 Singapore cent or 14.3 per cent to trade at 0.8 cent as at 10.36am on Monday. About 55.3 million shares changed hands, making it the third most actively traded by volume on the bourse.

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