1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

Foreign trade turnover rises as of July www.gogo.mn

In the first seven months of 2018, the foreign trade turnover amounted to 7.4 billion USD, an increase of 26 percent (1.5 billion USD) compared to the same period in 2017. The balance of trade totaled 851 million USD with exports worth 4.1 billion USD and imports valued at nearly 3.3 billion USD. According to data, a monetary value of the exports went up by 16.9 percent while the imports grew by 39.8 percent compared to July 2017. Mineral products, machinery, equipment, automobiles and parts, food products and base metals compose the majority of Mongolia’s import.

...


64x64

Kincora strengthens board and completes transition www.kincoracopper.com

Vancouver, August 13th, 2018 - Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce that Mr. Cameron McRae has joined as Chairman of the Board of Directors, with Mr. Anthony Jackson standing down from the Board and remaining Chief Financial Officer.

Cameron has been a resident in Mongolia since 2010, when he came on as President and CEO of Oyu Tolgoi (2010-13) and directed the business through construction and into operations. He was also Rio Tinto’s Country director for Mongolia during this period.

Kincora’s recent corporate transition phase has now concluded. An experienced board and senior team, with complementary skill sets, will support the next leg of the Company’s exploration and expansion strategy. The members of the Board and Technical Committee have over 40 years relevant operating experience in Mongolia, and over 150 years specific sector experience, with two board members based in Mongolia. Further details on Mr. McRae, the Board and Technical Committee are included in the Appendix.

"We are very pleased to welcome Cameron as our new Chairman. For the majority of the period post being President of Oyu Tolgoi, Cameron been a Board Advisor to Kincora assisting with stakeholder relations, strategic direction and operations. He has a strong track record of adding value for Kincora shareholders, and other stakeholders in businesses he has previously lead,” said Kincora’s President & CEO, Sam Spring. “Re-joining in this expanded capacity will only further strengthen our business with a senior, experienced and hands on chairman”.

“Cameron’s appointment is the last major step in the recent shareholder and board transition process. Kincora is now in the strongest position to accelerate exploration activities in the Southern Gobi copper-gold belt where we hold the dominant license portfolio, as well as pursue further countercyclical expansion opportunities.

We look forward to shortly providing updates on our exploration progress and plans”.

Cameron McRae commented: “I am very pleased to join the Kincora board and continuing to work with the strong team in place. We enjoy significant support from our investors and we will remain focused on genuinely adding value from both an exploration perspective and sensible positioning of the company.”

...


64x64

Turkey's currency crisis gets worse with fresh 11% plunge www.cnn.com

Turkey's currency nosedived again Monday as fears deepened about the country's ability to deal with a crisis that has rattled markets around the world.
The Turkish lira dropped as much as 11% against the dollar in morning trading in Asia. It had already plummeted more than 20% last week as a political clash with the United States intensified and investors fretted about the Turkish government's lack of action to tackle the problems plaguing its economy.

The lira's tailspin has unsettled global markets, with shares of European banks coming under particular pressure because of concerns over the lenders' exposure to Turkey. On Monday, benchmark stock indexes in Tokyo, Hong Kong and Shanghai were all down more than 1.5% in late morning trading.

Turkish President Recep Tayyip Erdogan has dismissed calls for the country to raise interest rates to try to ease the crisis -- and has lashed out at the United States.

"We will not give in," Erdogan said in a speech Sunday. "If you come at us with your dollars then we will find other ways to do business."

Economists are warning that if confidence isn't restored quickly, Turkey could lurch into a recession and debt crisis requiring a bailout from the International Monetary Fund.

"Investors are clearly concerned that Turkey's government won't act (or allow the central bank to act) to shore up the currency, and fears are mounting that this could result in a crisis in Turkey's banking sector," William Jackson, chief emerging markets economist at research firm Capital Economics, wrote in a note to clients Friday.

The lira is now down around 45% against the dollar since the start of the year, making it far harder for Turkish companies to pay back loans they have taken out in the US currency.

Meanwhile, the US government is using the lira crisis to ramp up pressure on Turkey over its detention of an American pastor.

"I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar!" President Donald Trump tweeted Friday. "Our relations with Turkey are not good at this time!"

Finance Minister Berat Albayrak said in an interview with Turkish newspaper Hurriyet on Sunday that the government has drafted an economic action plan that it will start implementing on Monday morning.

Albayrak, who is Erdogan's son-in-law, didn't specify what the plan would involve. He said the country's banks and banking regulator "will take the necessary measures quickly."

But his comments did little to help the Turkish currency. One dollar now buys about seven lira, compared with less than four at the start of the year.

Investors are waiting for "a convincing response from the central bank and government," Rob Carnell, an economist at investment bank ING, said in a note to clients Monday.

...


64x64

Mongolia Economic Update - July 2018 www.worldbank.org

Mongolia’s economic performance has improved dramatically with GDP growth increasing from 1.2% in 2016 to 5.1%in 2017 and 6.1% in the first quarter of 2018. Check out the infographic for quick facts and main recommendations from Mongolia Economic Update, the latest World Bank report on Mongolian economy.

Please review the details in graphics at http://www.worldbank.org/…/infographic-mongolia-economic-up…

...


64x64

Mongolia to ban pedestrians from using headphones in crosswalks www,xinhuanet.com

ULAN BATOR, Aug. 9 (Xinhua) -- Pedestrians will be not allowed to wear headphones and use cellphones while crossing the road in Mongolia, the government's press office announced on Thursday.

The government approved new traffic rules during its regular meeting on Wednesday in order to ensure pedestrian safety and reduce road accidents.

The new rules, which will come into effect on Nov.1, will also forbid leaving a child under 10-year-old alone in a vehicle, and require children older than 10 to wear a seatbelt or be properly restrained.

In addition, the speed limitation in the country's crowded urban areas will be reduced to 20 km per hour.

A total of 163 people, including 37 pedestrians, were killed in road accidents in the first half of this year, according to official statistics.

...


64x64

Experts eye robust growth for coal as price surges www.zgm.mn

Mongolia’s main export border checkpoint Tavantolgoi-Gashuunsukhait route auto road opened yesterday. Although transportation delay caused by road closure affected coal export volume; revenue resulted higher than the previous year’s mean time according to statistics. The Gashuunsukhait route auto road was in high risk of flood, creating crocodile cracking on the road due to heavy rain in July. Thus, coal transport was halted on August 2. Authorities informed that immediate actions have been taken to repair the road, successfully preventing further delays to coal transports. Regardless of delay created by the road fix, coal exporters minimized loss by transporting coal reserved at Tsagaan khad port. As of the first seven months of this year, Mongolia exported 20.5 million tons of raw coal worth USD 1.6 billion, which is USD 206.6 million higher than the same period of last year; however, the volume fell by 304,700 tons. In addition, commodity market is showing a sign of weakening.

Mongolia’s main export items, namely coal and iron ore, have maintained their growth, but copper and gold have plummeted due to the trade war between the U.S and People’s Republic of China. For instance, copper price sank USD 1000-1500 per metric ton and Gold fell by USD 100-150 per ounce since June. On the other hand, coal price grew by around 10 percent yearover-year (yoy), to USD 78.4 per ton and iron ore by nine percent. Several Chinese provinces have prepared a plan to reduce the capacity of steel and coal production, boosting the prices of iron ore and coal according to experts. In the first seven months of 2018, Mongolia exported 3.9 tons of iron ore, 20 percent growth yoy, worth USD 181 million. The fates of Mongolia’s coking coal and iron ore depend on Chinese steel market, which is directly connected to its construction and infrastructure. Chinese construction demand is visible from its new housing prices. According to Chinese statistics, housing price surged in 70 cities across the country, showing an average growth of five percent yoy.

...


64x64

Rio Tinto considers float of Canadian iron ore business www.mining.com

LONDON, Aug 9 (Reuters) – Rio Tinto, the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets.

Iron ore, which accounts for most of Rio's profit and is used in making steel, has provided healthy margins for years but the outlook is uncertain as major buyer China is expected increasingly to rely on recycling rather than importing raw material.

Following a commodity price crash in 2015, Rio put a string of assets on the block, mostly in coal, to decrease its debt load. In iron ore, its push to refocus has meant concentrating on Australia's Pilbara region, where it has lower costs and higher grades.Rio Tinto's revenues are more dependent on iron ore than its rivals, in 2017, iron ore making up more than 60 percent of Rio's earnings.

IOC, 59 percent owned by the Anglo-Australian miner, 26 percent by Japan's Mitsubishi Corporation and 15 percent by Labrador Iron Ore Royalty Company, is one of Canada's largest producers of iron ore. It had revenues of $1.9 billion in 2017.

Rio had tried to sell its stake in IOC in 2012 as it already deemed it a non-core asset but it withdrew the process, saying the sale was not essential.

One banking source said that offers from private equity funds and rival miners had not met Rio's target of between $3.5 billion and $4 billion back then.

Rio was now considering an IPO of its stake on the Toronto Stock Exchange (TSX) as part of its ongoing work to hold only its best assets, but the process was at an early stage and it had not yet hired a financial adviser, the banking source added.

Rio Tinto and Mitsubishi declined to comment. Labrador Iron Ore Royalty Company was not immediately available to comment.

The Pilbara region of Western Australia produces high quality iron ore that sells at a premium and Rio invested heavily in the region's assets, installing driverless trains and maximising productivity.

It is also poised to expand there, having approved $146 million of funding to undertake initial work at the Koodaideri iron ore project, ahead of a final investment decision expected by the end of the year.

IOC produces iron ore pellets and concentrate from operations in Newfoundland and Labrador, and runs port facilities in Sept-Iles, Quebec, as well as a 418-kilometre railway that links the mine to the port.

A labour dispute earlier this year that resulted in a two-month suspension of operations was part of the reason for Rio reducing its underlying core profit by $137 million compared with the 2017 first half, Rio Tinto said when it reported half-year results last week.

(By Clara Denina, Barbara Lewis and Yuka Obayashi; Editing by Jane Merriman)

...


64x64

Rothschild worried about new world economic order rt.com

Jacob Rothschild has voiced concern about the global financial system that was established after WWII. The billionaire banker points to the US-China trade war and eurozone crisis as the key problems putting economic order at risk.
“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order,” Rothschild warned in his investment trust's half-year results commentary.

In economics, the post-war order is usually refers to a monetary management system which led to a rise of the US dollar as a dominant currency.

“In the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution,” Rothschild added.

Rothschild’s RIT Capital investment has a historically low 47 percent exposure to the stock market. The banking dynasty is concerned that the 10-year stock market rally could be ending.

“The cycle is in its 10th positive year, the longest on record. We are now seeing some areas of weaker growth emerge; indeed the IMF has recently predicted some slowdown,” the investment banker said.

Rothschild pointed at “potentially destructive” debt levels in Europe and trade wars as major problems for the global economy.

He added, “problems are likely to continue in emerging markets, compounded by rising interest rates and the US Fed's monetary policy which has drained global dollar liquidity.”

According to Rothschild, the lack of a co-ordinated, international response to global challenges was unlikely in an era of populist and protectionist leaders such as US president Donald Trump.

...


64x64

39 students to study with Chinese government scholarship www.montsame.mn

Ulaanbaatar /MONTSAME/ Over the last year the Mongolian Stock Exchange (MSE) has been active and domestic entrepreneurs have issued initial and additional stocks to expand their businesses and increase market shares.

In the first half of the year, three companies issued IPO and one FPO at the MSE, attracting a total of MNT 18 billion. Compared with the same period of the previous year, the stock trading increased by 2.9 times.

Following the public offers the process of creating new jobs, maintaining real economic growth are intensified and confidence in stock market rises. Chairperson of the Financial Regulatory Commission (FRC) S.Davaasuren emphasized that the advanced technology, construction and agricultural sectors companies including domestic food and agricultural companies issued IPO.

During the privatization operations held in transition period to a market economy in Mongolia, 475 state-owned factories and enterprises were privatized and 204 of them are currently listed on the MSE.

B.Misheel

...


64x64

Companies attracted MNT 18 billion with public offers www.montsame.mn

Ulaanbaatar /MONTSAME/ Over the last year the Mongolian Stock Exchange (MSE) has been active and domestic entrepreneurs have issued initial and additional stocks to expand their businesses and increase market shares.

In the first half of the year, three companies issued IPO and one FPO at the MSE, attracting a total of MNT 18 billion. Compared with the same period of the previous year, the stock trading increased by 2.9 times.

Following the public offers the process of creating new jobs, maintaining real economic growth are intensified and confidence in stock market rises. Chairperson of the Financial Regulatory Commission (FRC) S.Davaasuren emphasized that the advanced technology, construction and agricultural sectors companies including domestic food and agricultural companies issued IPO.

During the privatization operations held in transition period to a market economy in Mongolia, 475 state-owned factories and enterprises were privatized and 204 of them are currently listed on the MSE.

B.Misheel

...