1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20    

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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European council removes Mongolia from tax haven list www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia was removed from the European Union’s list of tax havens on January 23.

Eight jurisdictions have been removed from the EU's list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns, said a press release issued by the European Council.

“Mongolia, Barbados, Grenada, the Republic of Korea, Macao SAR, Panama, Tunisia and the United Arab Emirates are moved to a separate category of jurisdictions subject to close monitoring”, it said.

The Council agreed that a delisting was justified in the light of an expert assessment of the commitments made by these jurisdictions to address deficiencies identified by the EU. In each case, the commitments were backed by letters signed at a high political level.

In an effort to leave the list, Minister of Foreign Affairs D.Tsogtbaatar took some urgent measures such as the appointment of an Ambassador-at -Large, forming of a working group made of representatives of the Ministry of Finance and the Ministry of Justice and Home Affairs, sending an official letter to Federica Mogherini, EU High Representative and Vice-President of the European Commission and Foreign Ministers of 28 EU member states, and reiterating Mongolia’s commitment to the EU Ambassadors in Mongolia.

As such, the delisting restores Mongolia’s opportunities to develop its cooperation with the EU and its member states.
Kh.Aminaa

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Government of Mongolia and Rio Tinto to explore win-win partnership solutions www.otp.investis.com

The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto chief executive J-S Jacques met in Ulaanbaatar today to progress their partnership.

The two sides discussed ways to strengthen the relationship by setting up a joint working group to explore:

· whether funding costs can be reduced to improve benefits from the Oyu Tolgoi project for all shareholders

· an accelerated path of development for a power solution in Mongolia

· an acceleration of Oyu Tolgoi's strategy to enable private and public investments towards sustainable community development in Khanbogd, the town proximate to the mine

Rio Tinto chief executive J-S Jacques said: "Rio Tinto remains fully committed to Oyu Tolgoi and Mongolia. Our nearly 14,000 employees and the people of Mongolia should be proud that Oyu Tolgoi is one of Rio Tinto's safest and most productive mining businesses in the world. We remain committed to creating opportunities for talented Mongolians to build their careers on a global stage.

"We want to work with the Government of Mongolia to create long-term sustainable solutions that benefit all stakeholders and the country while staying true to the established investment frameworks.

"We will continue to work together to solve outstanding issues as the joint working group progresses win-win solutions on matters such as power and community development."

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Mongolia expels 40 foreign workers www.news.mn

Mongolian Immigration Service officers have been working in three soums (districts) of the South Gobi (Umnugobi) province to check the papers of foreign nationals and enterprises. The inspection was held from 10 to 14 January in the Tsogttsetsii, Khanbogd and Bayan-Ovoo soums. A total of 449 foreign citizens from 49 countries who work in 36 enterprises such as MCS International, MCS Property, Medica Mongolia and Munkhnoyon Suvarga companies participated in the planned inspection.

As a result, the immigration officers discovered nearly 40 illegal foreign workers; they have already been expelled from Mongolia.

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Mongolia, Russia and China discuss Eastern Railway Corridor www.montsame.mn

Ulaanbaatar /MONTSAME/ Ulaanbaatar is hosting a consultative meeting between Mongolia, Russia and China themed ‘The Eastern Railway Corridor – Development of the Region and the Mining’ on January 22-23.

The Ministry of Road and Transport Development in cooperation with Mongolian Railway Company is organizing the international meeting with support from the Ministry of Mining and Heavy Industry, Ministry of Food, Agriculture and Light Industry and Ministry of Environment and Tourism.

Minister of Road and Transport Development J.Bat-Erdene delivered opening remarks and said, “ Mongolia can efficiently connect its two neighbors and the route would be the shortest gateway connecting Asia with Europe,” emphasizing the relevance of the Mongolia-Russia-China Economic Corridor Program, which was signed in June, 2016.

The international meeting focuses on Eastern Railway Corridor, one of the 32 projects projected in the Trilateral Economic Corridor Program, and is expected to play an important role in the development of not only Mongolia, but also the Northeast Asian region.

The Eastern Railway Corridor will connect Russia with northern Chinese ports by a 500-750 km shorter route than the Manzhouli- Zabaikalsk corridor, thus creating possibilities of cost-efficient circulation of the Far Eastern region natural resources. It is believed that the Eastern Railway Corridor can play a major role in the achievement of a goal set by Russia and China to increase bilateral trade volume to USD 200 billion by 2020.

Minister J.Bat-Erdene expressed his confidence that the trilateral consultation will help develop practical calculation of freight to be transported through the Eastern Railway Corridor in correspondence with the current state and future trends of mineral resources in Mongolia’s eastern region and volume of transit freight, and intensify trilateral cooperation in this area.
Kh.Aminaa

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TPP IV land to be returned to state ownership www.gogo.mn

In November 2017, Prime Minister U. Khurelsukh instructed state officials to cancel the ownership licenses of some companies holding land on the site of the proposed Thermal Power Plant IV (TPP IV).

Construction at the site first began in 2008. TPP IV land and capital will soon be returned to the state, including 459.1 square meters and 621.5 square meters owned by Square Berg LLC.

Oyunii Kholboo LLC will be handing over a 96 square meter square, two-story facility to the state for registration by the Government agency for Policy Coordination on State Property.

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Erdenet Mining Corporation raises its thermal power station capacity by 48 MW www.gogo.mn

To increase domestic energy production, Erdenet Mining Corporation (EMC) has upgraded the production capacity of its thermal power station by 48 MW. The company used to pay 225 billion MNT per year for 100 MW of electricity per hour.

EMC financed the installation of the four turbine generators powering the upgrade. The company expects to save 18.3 billion MNT with the capacity upgrade and lower its operational costs by 18.1 billion MNT.

Analysts also say that the upgrade will also help keep Ulaanbaatar’s energy system sustainable and consistently operational.

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Minister of Construction and Urban Development shares its priorities for 2018 www.gogo.mn

The Official Gazette spoke with Minister of Construction and Urban Development (MCUD) Kh. Badelkhan about the ministry's priories for 2018.

The minister said that 120 billion MNT from the state budget has been earmarked for financing Ipotek loans in 2018, and 200 billion MNT will be spent on loan repayment.

Demand for construction and development loans is still high and a working group has been established by the Finance Ministry to focus on improving the loan system and access to financing. The working group will study the possibility of lowering Ipotek loan interest and down payment requirements.

There are over 30,000 houses on the market, and in accordance with a parliamentary resolution on supporting the real estate market, some of the homes will be sold through partnerships established by the state, commercial banks, and construction companies within the next two years. Minister Kh. Badelkhan noted that 2018 will be a year of construction, with 60 schools and 90 kindergartens to be built.

The minister also mentioned that there are also projects that will be built with financing from foreign countries and international organizations, such as a central wastewater treatment plant in Ulaanbaatar financed by a loan from China, At Nogoon Lake, the construction of 1,800 residences will be financed by China, and other central wastewater treatment plants will be built or renovated in the provinces with support from Asian Development Bank and the Government of France. As for Ulaanbaatar's ger districts, infrastructure connecting homes to the city's central networks will be carried out with a state and city funds and 2 billion CNY grant from China.

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President Quang upbeat about growing Vietnam-Mongolia ties www.english.vov.vn

VOV.VN - President Tran Dai Quang expressed his delight at the growing Vietnam-Mongolia ties over the past years, including cooperation between the two legislative bodies while receiving Chairman of the Mongolian Parliament Miyegombo Enkhbold in Hanoi on January 22.

President Quang praised the Mongolian top legislator’s visit to Vietnam and attendance at the 26th Asia-Pacific Parliament Forum (APPF-26), showing his belief that the visit will contribute to strengthening friendship and traditional cooperation between the two countries.

Vietnamese people always bear in mind the support Mongolian people gave to the country during the past struggles for national independence and Vietnam appreciates the socio-economic and diplomatic achievements Mongolia has recorded over the past years.

Mongolia has stayed active in promoting multilateral cooperation mechanisms by successfully organising the 11th ASEM Summit in Ulaanbaatar in July 2016, Quang told the top Mongolian legislator.

The Vietnamese State leader extolled the orientations for the development of the Vietnam-Mongolia relations laid out by the two parliament leaders and suggested intensifying delegation exchanges and cooperation among localities.

He thanked Mongolia for supporting Vietnam at regional and international forums, while asking Mongolia to back Vietnam’s candidacy for non-permanent membership of the UN Security Council.
He affirmed Vietnam's willingness to share its experience in integration, and to help connect Mongolia with ASEAN countries.
Quang used the occasion to convey his invitation to visit Vietnam to Mongolian President Khaltmaagiin Battulga.

In reply, the Chairman of the Mongolian Parliament congratulated Vietnam on its successful organisation of the APPF-26 and highlighted Vietnam as an important partner of Mongolia in the Southeast Asian region, adding that his country wants to expand affiliation with Vietnam across a variety of fields, especially economic and trade links.

In regard to his talks with his Vietnamese counterpart Nguyen Thi Kim Ngan, Enkhbold said that the two sides consented to augment political, economic, trade cooperation as well as people-to-people contact by launching Vietnamese Culture Days in Mongolia and Mongolian Days in Vietnam to celebrate the 65th anniversary of bilateral diplomatic ties in 2019.

Enkhbold assured his nation's back for Vietnam’s candidacy for a non-permanent seat in the UN Security Council and asked Vietnam to serve as a bridge for Mongolia to expand relations with ASEAN.

VOV

 
 
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British-Australian businessman jailed in Mongolia appeals to UN over 'unfair trial' www.theguardian.com

A British-Australian citizen jailed for 11 years in Mongolia over a soured mining deal has taken his case to the United Nations human rights council claiming he was denied a fair trial.

After a trial in July that lasted just two days, Mohammed Ibrahim “Mo” Munshi was jailed for 11 years and fined $15m over a coal deal struck between Gobi Coal and Energy, of which he was chairman, and a company owned by Chuluunbataar Baz, a member of a prominent Mongolian family.

Munshi is the latest in a string of foreign investors to find themselves slapped with arbitrary travel bans or jailed over business deals in resource-rich Mongolia, while local partners seek to seize assets or alter agreements.

The tactic – of which foreign embassies in the country are aware – has been described as “Hotel Mongolia”, a take on the Eagles song Hotel California, from which “you can check out anytime you want, but you can never leave”.

Munshi’s family say the 57-year-old’s health is failing and the prospect of 11 years in prison had devastated his family.

“My dad’s quite a tough nut,” Munshi’s son Arif told the Guardian. “But this is starting to break him down, he’s becoming unravelled.

“He was moved on Monday to the equivalent of a maximum-security jail ... we are worried about his safety, and he is fearful for his own safety. He is asking us to do anything we can to get him out. He is very much fearful for his life.”

Munshi has varicose veins in his legs that doctors advise require immediate surgery. He is also unable to access medication to ameliorate the condition and so is at the risk of deep vein thrombosis and potentially fatal blood clots.

Munshi is a dual UK and Australian citizen.

A complaint lodged with the UN human rights council – of which both the UK and Australia are members – alleges there were gross irregularities during his trial.

“There was no prima facie case presented against Munshi at his trial, and the prosecutor even obtained a summary of the prosecution case from Baz’s attorney during the trial and presented it as the prosecution case,” the complaint says.

“Munshi was not given a fair trial in that his ability to address the criminal court and give evidence in his own defence was unreasonably limited.”

The complaint also alleges Munshi has been subjected to cruel, inhuman or degrading treatment: held in solitary confinement, physically harassed by guards, abused and spat on by other inmates, and allowed to shower only once every two weeks.

The case is, according to the complaint, “the improper use of the Mongolian criminal justice system in an attempt by a well-connected Mongolian national to attempt to secure Gobi Coal and Energy assets located in Mongolia”.

Munshi’s dispute arose after Baz’s company, Monnis International, invested $10m in Gobi Coal’s proposed mining projects in the south-west of the country.

But when the global coal price collapsed in 2012, a proposed initial public offering was postponed, with the projects put on hold until global prices recovered. Other investors acceded to ride out the price dip, but Baz reportedly demanded his money back.

Attempts at arbitration failed, and when Munshi visited Mongolia in 2015 he was hit with a travel ban and his passports were confiscated. The dispute dragged on until mid-2017, when Munshi was suddenly arrested, tried, convicted in a two-day trial and jailed. Gobi Coal’s licence over coal deposits was also suspended.

In court documents from the trial Baz alleged he had been tricked into investing in the projects and defrauded of his investment.

“Munshi committed the fraud, made others incur loss, received property of others by his or others’ company accounts, and changed financial statements.”

The court documents state Munshi “made a living” – understood to mean he funded his personal lifestyle – with investors’ money.

Munshi has denied the allegations. Through his lawyers, he told the court he had not made, or sought to make, any personal profit from any of the investments in the project, or used any investors money for personal expenses. More than 180 investors have remained invested in the Gobi projects.

Munshi said the case was a business dispute and should be settled by international arbitration not by punitive use of the criminal justice system.

“This is not a crime,” court documents, seen by the Guardian, say. “There is no physical evidence or written documents to support [Baz’s] claim of fraud, only his oral allegations.

“During this period, I lost everything that belonged to me. I spent 15 years to establish my company and develop it. All this was lost.”

The court documents state that Baz repeatedly offered to abandon the criminal prosecution in exchange for some of his investment being returned.

Attempts by the Guardian to contact Baz have not been returned.

The case has been complicated by a separate dispute involving Gobi Coal and another Baz family company. In March 2016, the Hong Kong International Arbitration Centre ordered the Baz family to pay Gobi Coal $US11.5m over defaulted loans.

Within weeks of the arbitration decision, stories began appearing in Mongolian newspapers accusing Munshi of fraud.

He was arrested, tried, and convicted in a two-day trial in July last year, and has since been held in Detention Centre 461, the equivalent of a remand centre, in the Mongolian capital, Ulaanbaatar.

His health has deteriorated, and his contact with family, legal representatives, and consular officials has been severely limited.

A substantive appeal to an appellate court failed, a final appeal to a higher court will be heard in coming months.

Last week Munshi was moved from Detention Centre 461 to a closed prison on the outskirts of the capital. His family has been told he can receive one short visit every 90 days, and one long visit every 120 days.

Munshi’s Australian lawyer, Alisdair Putt, who filed the complaint with the Human Rights Council, said his client had been subjected to an unfair criminal proceeding in which almost no incriminating evidence was presented.

“There must be serious concerns about the adequacy of that process in that it seems to have been motivated by a Mongolian investor attempting to gain an extortionate commercial outcome.”

Putt said the commercial dispute should be arbitrated before an international committee, not put before a criminal court. Putt, a former investigator in the International Criminal Court prosecutor’s office, said the “Hotel Mongolia” phenomenon was a troubling development in the country, where travel bans and criminal charges were used to detain and pressure foreigners.

Some reports say up to 50 foreign investors have been detained in the country using the tactic, which has been acknowledged by embassies. Forty workers employed on the Oyu Tolgoi mine in the Gobi Desert had their passports seized last week over alleged visa irregularities. Most have since been allowed to leave.

Both the Australian and UK governments have highlighted the use of travel bans in Mongolia in travel advice, while the US state department has warned: “investors and local legal experts have grown to fear what they call the capricious and arbitrary use of travel bans by Mongolian officials, sometimes at the behest of private interests, as a means to coerce foreign investors to settle civil and criminal disputes.”

Putt said: “It is a common tactic, and many people are affected by this. This shows the potential risk, there may be trumped-up criminal charges laid in efforts to win a commercial outcome.”

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Manchester United remains football's top revenue-generator www.bbc.com

Manchester United have topped the table of the world's 20 richest football clubs for the second year in a row, and tenth time overall, says Deloitte.

Its Football Money League, based on season 2016-17, also shows the combined revenues of the 20 clubs has risen 6% to €7.9bn (£6.97bn), a new record.

Real Madrid, which held top spot for 11 years, were second and Barcelona third.

There were a record ten English Premier League clubs in the top 20. The number in the top 30 was up from 12 to 14.

The list only looks at revenues accrued and does not take into account club debts.

This year's battle for first place was the closest ever, with just €1.7m separating Manchester United and Real Madrid.

Big Five leagues
Manchester United's €676m revenues were boosted by €44.5m from Uefa after winning the Europa League against Ajax.

Deloitte said this sum was "the critical factor in keeping them ahead of Real Madrid and Barcelona".

Bayern Munich and Manchester City completed the top five, retaining their positions from last year.

Arsenal, Paris St-Germain, Chelsea, Liverpool and Juventus occupied places six to ten. Tottenham were in 11th spot, Leicester City 14th, West Ham 17th, Southampton 18th and Everton 20th.

All the 20 clubs represented are from the "big five" European leagues, with Italy, Germany and Spain contributing three clubs each and France one.

Other findings include:

AC Milan fall out of the top 20 for the first time and AS Roma for only the third time
Southampton is the only debutant in the top 20 after broadcast revenues soared
AFC Bournemouth is the only debutant amongst clubs ranked 21 to 30
China and the USA may see a member club enter the list in future
"Next year, we expect the eight billion euros [revenue] barrier will be broken, but revenue growth is not expected to be as significant as seen in 2016-17," said Dan Jones, partner in Deloitte's Sport Business Group.

"Germany's new domestic broadcast deal commences and will increase revenue, but Premier League and La Liga distributions will remain relatively stable, as both enter the second year of existing TV deals.

"Looking further ahead, the long term composition of the Money League is an intriguing topic. English clubs' dominance will depend heavily on the outcome of the Premier League's ongoing tender for the next three year TV deal starting from 2019-20."

DELOITTE FOOTBALL MONEY LEAGUE

•1. Manchester United: €676.3m

•2. Real Madrid: €674.6m

•3. Barcelona: €648.3m

•4. Bayern Munich; €587.8m

•5. Manchester City: €527.7m

•6. Arsenal: €487.6m

•7. Paris Saint Germain: €486.2m

•8. Chelsea: €428m

•9. Liverpool: €424.2m

•10. Juventus: €405.7m

Source: Deloitte, revenues for 2016-17 season.

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