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

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92 percent of lawyers oppose amendment to General Administrative Law www.zgm.mn

According to the Judicial Gen­eral Council of Mongolia, a total of 32,437 cases were finalized by the Supreme Court of Mongolia in the first half of this year. To put this into perspective, the total number of cases solved increased by over 10 percent year on year. Analysts put this jump down to deterioration in livelihoods and decrease in household earnings. A separate report released by the National Statistics Office last week showed the growth was mainly driven by theft, robbery and fraud – those that authorities classify as ravenous acts.

Total cost incurred due to criminal acts reached MNT 103.4 billion, less than 15% of which have been compensated, says NSO.

A trend to note was the slump of administrative court decisions. Administrative court finalized a total of 786 cases in the first six months of this year. This is down by 26.5% compared to last year and twice as less than that of 2016. The preceding couple of years were remarkable as Parliamentary and Presidential elections took place, sparking rise in such cases led by government officials, most of whom claimed to be fired illegally as a result of change in administration.

According to the information provided at the Judicial General Council’s website, only election related administrative cases totaled 72 in 2016, when the Parliamentary election took place. The statis­ tics come out at a controversial time when amendments to the General administrative law is being highly debated. 92 percent of lawyers oppose the expected amendment to the law as it aims to free the Government from all judicial parties. This will mean citizens and entities will no longer be able to turn to court to claim their rights.

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State bank raises USD 30 million through collateral swap transaction www.zgm.mn

According to Frontclear, a land­mark transaction between State Bank of Mongolia, EBRD and ING have been facilitated. “Frontclear arranged and structured the USD 30 million cross-­border collateral swap with the European Bank for Reconstruction and Development (EBRD), enabling a further repo transaction between the Mongolian State Bank and ING Bank. It is the first time in Mongolia that a repo or collateral swap transaction has been done with local currency collateral cross border and a first such deal involving a commercial bank”, says Frontclear.

In this transaction, Frontclear borrowed USD 30 million in US Treasury bonds from the EBRD and then on-­lent them to the State Bank LLC in Mongolia against Mongolian local currency government bonds in a collateral swap transaction. Front­ clear guaranteed the transaction to EBRD. With the US treasuries in hand, State Bank LLC borrowed funds in a repo transaction with ING Bank N.V. Singapore branch.

"State Bank is delighted for successfully executing this inaugural transaction that provides possibilities to prac­tice the financial instrument in line with international best practice and facilitates development of interbank money market in broader perspec­tive in Mongolia" said Chinbat Lkhagvasuren, Director General of Treasury Department at the State Bank of Mongolia. State bank of Mongolia expects the long term, USD denominated financing will help increase affordable business loans in Mongolia.

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Tavan Tolgoi earns 90 billion MNT in the first half of 2018 www.gogo.mn

Coal mining company Tavan Tolgoi JSC earned revenue of 90.49 billion MNT in the first half of 2018, with net profits amounting to 19.3 billion MNT. The company's earnings per share stood at 365.6 MNT. Compared to the same period in 2017, Tavan Tolgoi’s revenue decreased by 64 percent (164.5 billion MNT), while the net profits fell by 66.3 percent (37.9 billion MNT) in 2018.

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Mongolia begins installing filters on public buses to reduce air pollution www.xinhuanet.com

ULAN BATOR, July 25 (Xinhua) -- Mongolia has begun installing a device designed to remove diesel particulate matter on public buses, in an effort to reduce air pollution in its capital, officials said on Wednesday.

"We are planning to install the device on 25 buses within July in the first phase," Khurelbaatar Bulgaa, deputy head of the Ulan Bator city's transportation department, told Xinhua.

According to Khurelbaatar, the installation of diesel particulate filter (DPF) on public buses has just started with non-refundable aid by the Japanese International Cooperation Agency.

He added that the filter can remove 80 percent of diesel particulate matter.

"The filter should be cleaned after every 250 kilometers. A public bus runs in the capital city 200-300 kilometers per day. So, we decided to install the three DPFs on a bus in order to not disrupt the operation of public buses," he said.

Currently, more than 930 public buses are operating in the capital Ulan Bator, he said, and the cost of the installations of three DPFs on a bus is some 40 million Mongolian Tugriks (16,200 U.S. dollars).

Air pollution is the most pressing issue in Ulan Bator where more than 800,000 residents, over half of the city's population, live in slums. They have to rely on burning raw coal and other flammable materials such as plastics and old tires to stay warm and cook meals during the six-month-long winter season.

The Mongolian government announced in March that it would impose a ban on the burning of low-grade coal for domestic use in the capital beginning on May 15, 2019.

Since the early 2000s, the government of Mongolia in cooperation with international organizations have carried out a number of measures directed at reducing air pollution in Ulan Bator. However, the city has not seen a significant reduction in air pollution levels.

The city's air pollution on Jan. 30 exceeded 133 times above the safety level set by the World Health Organization.

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Rosneft sees oil at $80 by Christmas www.rt.com

Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon.
The company’s budget for the year is based on a much lower price, at $63 a barrel, Sechin added, so it’s hardly a surprise the CEO is happy with where prices are now.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices, event though production was lower. The company accounts for about 40 percent of Russia’s total oil production, which has made it key for the production cut Russia agreed with OPEC.

Now that production is once again on the rise following loud complaints from some of the biggest importers of crude, Rosneft stands to benefit more than smaller companies.

The company has made it clear that despite the production cuts, it was eager to boost production both domestically and internationally. It has also launched an ambitious overhaul that should see Rosneft buy back $2 billion in stock, slash capex by as much as 20 percent and raise its working capital by US$3.15 billion (200 billion rubles) by the end of this year.

Meanwhile, the company is growing in places like Kurdistan and Nigeria. In May, the company announced the discovery of a potentially huge oil field in southwestern Iraq, and a month later, media reported that Rosneft would be partnering with a Nigerian company to develop 21 oil blocks across Africa.

Rosneft doesn’t have a significant presence in Africa except for a 30-percent stake in the giant Zohr gas field offshore Egypt in the Mediterranean, as well as some prospects in Mozambique.

Gaining access to more projects in Africa could be an important development for Rosneft to expand its global footprint, especially since US sanctions on Russia are not seen to be an issue in this region.

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A portion of loan from South Korea to be spent on Rental Apartment Program www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Construction and Urban Development intends to continue the Rental Apartment Program, which is designated for the target groups of elderly people and young families.

972-apartment building for rental purpose is under construction in Buyant Ukhaa-2 apartment complex. A portion of the USD 500 million loan from South Korea will be spent on the program.

Furthermore, the corresponding Ministries are studying possibilities and experiences from Asian countries and exchanging views with them on attracting investment from international market by issuing certified mortgage bonds. It is estimated to be possible to issue bonds secured by asset-backed loan of MNT 4.2 trillion. 
M.Anudari

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Drone to be used for mining inspection www.montsame.mn

Ulaanbaatar /MONTSAME/ The Department of Environment, Geology and Mining Inspection of the General Authority for Specialized Inspection (GASI) handed over up-to-date, high capacity drones and special purpose software to the Departments of GASI in Tuv, Selenge, Arkhangai and Bayankhongor aimags where illegal mining operations are mostly conducted.

By using the drone, it will become easy to monitor, document illegal activities and to estimate size of broken land using the special software.

The drone will be used not only in detecting illegal mining also in examining whether licensed entities are excessing amount of their field as well as combating with poaching and illegal logging.

The Swiss Agency for Development and Cooperation granted these drones to the GASI for inspection of artisanal and illegal mining activities.

B.Batchimeg

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‘Mongolia-Russia-China economic and trade cooperation – 2018’ forum to be held www.montsame.mn

Ulaanbaatar /MONTSAME/ ‘Mongolia-Russia-China economic and trade cooperation – 2018’ forum under the theme ‘Establishing economic cooperation corridor based on Belt and Road opportunities’ and SME Cross-Border E-commerce Summit are to take place at the International Convention Center of Erenhot on August 17-19.

The tenth forum will be a major event for intensifying relations and development of neighboring areas of Mongolia, Russia and China and improving trilateral relations and cooperation as agreed by the heads of state of the three countries in the new circumstances of the implementation of China’s initiative One Belt, One Road.

The sides have regarded Erenhot as an active area for further deepening economic and trade exchanges within the One Belt, One Road initiative.
M.Anudari

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Total sown area decreased by 4.2 percent www.montsame.mn

Ulaanbaatar/MONTSAME/ This year, sowing has been made on 501.1 thousand hectares of area nationwide, including 367.9 thousand hectares for wheat, 12.7 thousand hectares for potato, 8.5 thousand hectares for vegetables, 40.9 thousand hectares for fodder plants and 1000 hectares for medicinal herbs.

Compared with the same period of previous year, total sown area decreased by 22.1 thousand hectares or 4.2 percent, thereof the wheat area decreased by 6.1 percent, industrial crops by 13.6 percent, medicinal herbs by 63.2 percent and potatoes area by 14.9 percent. However, fodder crops increased by 60.0 percent and vegetables by 3.9 percent respectively.


M.Unurzul

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Mongolia's central bank buys 8.3 tons of gold www.xinhuanet.com

ULAN BATOR, July 24 (Xinhua) -- The Bank of Mongolia said Tuesday that it had purchased 8.3 tons of gold from legal entities and individuals by July 20 this year, up 14 percent year on year.

As of Monday, the central bank's average gold purchase price was 97.09 tugrik (4 U.S. cents) per gram, corresponding to a low rate on London Metal Exchange, according to experts from the Apex bank.

To encourage gold miners and individuals to sell gold to it and commercial banks, the central bank has carried out a number of measures, including a five-month campaign, "National Gold to the Fund of Treasures", started in May.

The bank's gold purchase is expected to grow as the three-month peak season for gold mining starts in August.

Gold miners submitted 20.01 tons to the central bank in 2017, worth over 800 million U.S. dollars.

The annual gold production has remained below 21 tons since 2005, when Mongolia reached its record high at 25 tons.

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