1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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UN Special Rapporteur urges Mongolia to raise standards www.unwater.org

The UN Special Rapporteur on the human rights to safe drinking water and sanitation, Léo Heller, has called on the Government of Mongolia to do more to meet the water and sanitation standards set by the SDGs.
Heller’s report highlights existing disparities between nomadic, rural and urban populations, and between apartment-dwellers and those who live in ger, traditional yurts that usually lack sewage connections rely on mobile water sales for drinking water.

He notes that sufficient access to water for nomads’ personal consumption and livestock could help prevent large-scale migration into cities and rural towns.

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Chinese scrap ban won't do much for copper price www.mining.com

On Monday copper for delivery in July fell back in the red on the Comex market in New York at $3.088 per pound or $6,800 a tonne as traders ponder rising trade tensions between the US and China, the globe's number one metals consumer.

The industry is gathering in Hong Kong for LME Asia Week, but spirits may be dampened somewhat by a new report giving a muted assessment of the effects of Beijing's ban on certain types of copper scrap imports.

The overall net impact on the supply of copper scrap in China will be much smaller at around 100 kiltonnes
The price of copper rallied from the mid $2.60s when rumours of a ban first emerged in August-September last year, but last month's official confirmation from Beijing has done little for the price.

Yanting Zhou and Sifang Liu, senior consultants for Wood Mackenzie, a research house, says while the ban only comes into effect at the end of the year most of the impact will be felt in 2018.

China's so-called category 7 scrap which includes electrical cables and motors with as little as 5% copper content need processing before it can be used in smelters and refineries and imports have already plummeted this year.

Category 6 imports (average 95% copper content) can be fed directly to refineries and are not banned. Processors outside China have sprung up in anticipation of the ban, and together with rising Chinese domestic scrap supply, would fill most of the shortfall says Wood Mackenzie:

Although import volumes of category 7 copper scrap will decrease in 2018, we anticipate that imports of category 6 copper scrap will rise as scrap-processing capacity is built up outside China. Meanwhile, domestic scrap supply is also expected to accelerate this year.

Overall, we believe the import ban will lead to a loss of around 300 kt of copper contained in imported scrap in 2018. The overall net impact on the supply of copper scrap in China will be much smaller at around 100 kt given the anticipated increase in domestic scrap supply this year.

The authors believe in 2019, Chinese copper scrap supply would return to positive growth again, rising by roughly 70kt.

Sentiment sours
After a 30% price jump in 2017, copper is down 6% so far in 2018 and the shift in sentiment is evident on derivatives markets with changes in the positioning of large-scale derivatives speculators such as hedge funds.

After hitting an all time record in September last year amid the excitement around the Chinese import ban, a month ago net long positions – bets on higher prices in future – fell to the lowest level since October 2016 (copper was trading around $2.20 a pound then).

While bullish positioning has improved, according to the CFTC's weekly Commitment of Traders data, so-called managed money investors were back in selling mode last week reducing net longs by 22%.

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Government to present Mid-term Investment Program at Economic Forum www.montsame.mn

Ulaanbaatar /MONTSAME/ ‘Mongolia Economic Forum’ with purposes to define sustainable development policy of Mongolian economy and to seek opportunities to tackle pressing issues of the main sectors will be held on May 21-22 in the State House.

The 8th economic forum will focus on tackling pressing issues of the country and the Government will present mid-term investment program, reported G.Zandanshatar, Head of the Cabinet Secretariat. The forum is to held under the slogan ‘Let’s Combine Efforts’ and the plenary session to run under the topic ‘Development Model of Mongolia and General Investment Policy’. Furthermore, 12 sub-sessions on development of agriculture, tourism and economy, decentralization policy, mega projects, pension reforms and treasury fund will take place.

‘Mongolia Economic Forum’ is being organized in two stages this year and during the public and private discussion in this March, the Government's ‘Three Pillar Development Policy’ and amendments to Tax Law were discussed.

"Mongolian economy is expected to have 6-7 percent growth in upcoming two years. It is proper to attach attention on ensuring transparency of the accrued tax income and public funding and intercepting corruption this period of time. It is crucial that the Government to focus special attention to the forum if it intends to cooperate with private sector," stressed President of the Mongolian National Chamber of Commerce and Industry B.Lkhagvajav.

B.Batchimeg

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Potential mining of lithium and rare earth elements at Mongolian coal mine www.news.mn

Rare earth elements including a lithium reserve have been discovered in the Khuut coal mine, located in the Matad District of Dornod Province in eastern Mongolia. Tsogtjargal Dondovdorj, CEO of Buman-Olz LLC noted that the company has recently discovered rare earth elements including lithium in its mining site and expressed an interest to intensify exploration.

Buman-Olz LLC has been operating at Khuut coal mine which has 294.2 million tonnes of brown coal reserve since 2009. The mine has an annual production capacity of 0.12 million tonnes of coal.

Currently, Buman-Olz LLC employs more than 130 local workers. The company has a plans to increase capacity significantly.

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Public demands continuation of mortgage program www.ubinfo.mn

Ger District Movement organized a demonstration in tents at Sukhbaatar Square, demanding the continuation of city replanning of ger district area, which were conducted during the previous government and granting mortgage loan, which is currently frozen.

Previously, the Government of Mongolia backed the ger district replanning projects. Within the framework, lands of ger district households was changed for an apartments.

According to Head of Ger District Movement, all activities of companies involved in ger district replanning projects have stopped completely and the remaining fund of MNT 40 billion which was dedicated for the project shifted from its primary purpose. This caused many households to lose their lands and houses.

“A few years ago, my family released our land and made a contract with a construction company, which promised an accommodation in exchange for our land,” Sumiyajav Shashnaa, a citizen of the 5th khoroo of Songinokhairkhan district, said with anger.

Ger District households organize public demonstration over mortgage program

“Today, we have nowhere to live because the work has been stopped for unspecified time,“ she added. My family is big and I am a retired person,” Mrs Sumiajav said. Today, there are 220 thousand households or over one million citizen living in ger district in Ulaanbaatar.

In 2016 and 2017, MNT 876.6 billion and MNT 670.6 billion were granted as mortgage loan to commercial banks respectively. But in 2018, the amount is drastically reduced. According to the information issued by the Bank of Mongolia, as of the first quarter, MNT 48.1 billion was granted for the mortgage loan financing and yesterday, MNT 45 billion was granted for this purpose.

As of December end of 2017, accommodations for 1535 households, which is 21 percent increase compared to 2016, were ready for sale, Tenkhleg Zuuch, a real estate agency, reported. The average price per square meter of the houses has reached MNT 2.02 million – increase of MNT 37 thousand compared to the same period of the last year.

The organizing committee of the recent Barilga Expo -2018 event highlighted that construction sector which has been in crisis for three years has now showing a sign of restoration.

At the time of the economic restoration, NCD Group presented its Casa Da Vinci luxury houses project in Artsat village. Each household in the village of MNT 4.5 million per square meter will have plot of land with green area.

But Khatan Ester LL C which implements Bumbyn Ord Project on houses of air pollution reduction, which don’t produce smoke, offers at a comparatively low price. Bumbyn Ord's housing, which is built at distance of 9 km from Ulaanbaatar, costs MNT 1.8 million per square meter.

House construction factory of Erel LLC has a capacity of producing annually 250 thousand square meters of living space. This factory started to receive orders for apartment buildings and houses. However, as it is a large factory, it has a potential to receive orders of 10 and more houses.

According to the data provided by the Tenkhleg Zuuch, over 3600 households live in houses in Ulaanbaatar as of March 2018.

Oyunbayar.N

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Over 15 million animals born in Mongolia this spring www.news.mn

Mongolia has welcomed over 15 million newly born animals this spring. This May, it was announced that there has been a 95 percent survival following a very harsh winter and very windy spring.

This year, over 29 million female livestock are expected to deliver young animals; 57.9 percent have already given birth.

Today it was announced that 49.4 thousand camels, 281,200 horses, 611,600 thousand cows, 567,000 sheep and 951,000 goats have been born.

Large animals are expected to finish giving birth this week, whilst smaller animals will continue bearing their offspring until the second week of June.

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Electricity costs pose challenges for greenhouse farmers www.gogo.mn

The Ministry of Food, Agriculture and Light Industry reported that greenhouse farmers harvested a total of 5,140 tons of crops in 2017.

This number indicates an increase of three percent compared to production in 2016, but the country imported 9,733 tons of produce in 2017, twice the number of domestically harvested crops.

To compete with imported products and reduce import-dependence, Green City Garden harvests 40 to 50 tons of crops annually from its greenhouses and plans to triple its harvest area in 2018. CEO J. Erkhembayar highlighted that electricity and heating costs pose the greatest challenges for greenhouse farmers.

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Mongolians plant over 70 thousand tree and bushes www.news.mn

Individuals and organisations across Mongolia were mobilised, into an army of trees planters as the 9th National Tree Planting Day was held on Saturday 12 May.

Nearly 21 thousand people planted 55 thousand trees and 17 thousand bushes at the National Park, the Mongol Naadam Complex and near the somewhat less picturesque Ulaanbaatar Central Wastewater Treatment Plant. They also watered and cared for the trees which had been planted previously.

Ulaanbaatar city administration announced 2018 as the year for improving the environment in which the population lives with the cooperation of the public.

A hectare of forest can refresh 18 cubic meters of air, absorb 25 percent of all noise, moisten 76 percent of air-borne dust and soak up 30-35 percent of air-pollution.

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Tavantolgoi coal price rises by 70 cents per ton www.montsame.mn

Ulaanbaatar /MONTSAME/ On May 10-11, representatives of ‘Erdenes Tavan Tolgoi’ JSC held a regular meeting with Chalco Trading Hong Kong Co Limited to raise coal price and update the price index.

At the meeting, the sides reached an agreement to raise the coal price, which was unchanged since 2017, to USD60 or by 70 cents per ton.

In addition, Chalco Trading Hong Kong Co Limited pledged to study a request by ETT JSC to increase the price to USD61.35, introducing the request to its Board of Directors and give a response next week.

The sides also agreed to make two kinds of updates in the price adjustment mechanism or price-indexing methodology, within the framework of correcting the mechanism's disadvantages in the agreement established in 2011 with Chalco Trading Hong Kong Co Limited. Specifically, one more indice will be added. By doing so, the price will be calculated in accordance with five indices, which changes the index basket coefficients.  As a result, it decreases CR China Coking Price Index, which was at 60 percent, to 30 percent.

It creates advantages to raise the price in harmony with market growth, bring the price closer to the coal price of West Tsankhi mine within 1 and 1.5 years, and protect from risks that may occur when coal prices fall.
 

M.Unurzul
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Xerox cancels merger with Fujifilm www.nhk.or.jp

A planned merger between 2 leading US and Japanese printer and copier companies has been called off due to shareholder opposition.

Executives at Japan's Fujifilm Holdings said in January that they had reached an agreement with Xerox to merge the US firm with a subsidiary.

But Carl Icahn and another major Xerox shareholder opposed the transaction, claiming Fujifilm had undervalued the American company.

Xerox now says it has reached a settlement with the shareholders and is terminating the merger.

It says CEO Jeff Jacobson and several other executives will be replaced.

Xerox plans to appoint a new leadership and discuss alternative strategies.

Icahn said in a statement he's extremely pleased that Xerox ended the deal. He called it a new beginning.

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