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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Trump says U.S. to impose tariffs on steel, aluminum imports www.xinhuanet.com

WASHINGTON, March 1 (Xinhua) -- U.S. President Donald Trump said here on Thursday he would impose tariffs on imports of steel and aluminum, in a move he said would protect U.S. industry, but which experts said could hurt U.S. producers and face legal challenges from trade partners.

The United States is set to impose 25 percent of tariff on steel imports products and 10 percent on aluminum, Trump said after a meeting with business executives at the White House.

"We'll be signing it next week. And you'll have protection for a long time in a while," said Trump.

News of the tariffs immediately hit sentiment on the Wall Street, with the Dow slumping over 500 points, more than 2 percent, in late trading.

In response, Canadian Trade Minister Francois-Philippe Champagne said that any U.S. tariff or quota imposed on Canada's steel industry would be "unacceptable."

Daniel Ikenson, a senior fellow at the Cato Institute, said on Thursday that trade restrictions could hurt U.S. producers by exposing them to competitions from foreign rivals with lower production costs capable of offering lower prices in the U.S. market.

U.S. actions would face legal challenge by other World Trade Organization members, and they would also invite other members to invoke national security to protect favored industries, said Ikenson.

European Union (EU)'s trade chief Cecilia Malmstrom has said that the EU would seek retaliation measures if the Trump administration's 232 trade investigation brings damage to European steelmakers.

It's still unknown whether Trump's announcement on Thursday refers to blanket tariffs for all countries.

In April last year, Trump ordered the Commerce Department to study the impact of steel and aluminum imports on national security under seldom-used section 232 of the 1962 Trade Expansion Act.

Two weeks ago, the Commerce Department unveiled its recommendations for Trump to restrict imports of steel and aluminium products due to national security concerns, which drew oppositions from U.S. lawmakers and businesses.

According to recommendations by the Commerce Department, the United States could introduce at least 24 percent tariff on all steel imports from all countries and at least 7.7 percent tariff on all aluminium imports from all countries.

Trump's announcement was higher than both recommendations.

Wendy Cutler, former Acting Deputy U.S. Trade Representative and now vice president at the Asia Society Policy Institute, said "the imposition of tariffs on steel and aluminum will also reverberate throughout the U.S. economy and possibly negate some of the benefits of the recent tax cuts."

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Web platform provides information on Mongolian small-scale mining www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Mining and the Swiss Agency for Development and Cooperation launched web platform ‘Artisanal and Small Scale Mining Knowledge Hub' on March 1.

The web platform was created with aims to introduce good example of artisanal and small scale mining in Mongolia and contribute to promote it. Moreover, the web platform is suitable to store, share and receive information.

Opening the ceremony, State Secretary of the Ministry of Mining and Heavy Industry G.Nandinjargal said that the Mongolian government has been taking certain measures to create legal environment for Mongolian artisanal and small-scale mining, and to regulate it in the frames of the law. In accordance with the Government Resolution No. 151 issued in 2017, revised regulations on Mineral extraction of artisanal and small-scale mining was approved. He noted it is now possible to get information about legal acts through the web platform, adding that engagement of artisanal and small scale mining operators, researchers and the public and their initiatives are significant to develop the web platform further.

Afterwards, Deputy Director for the Swiss Agency for Development Cooperation (SDC) in Mongolia Ilaria Dali emphasized that the Swiss Agency for Development and Cooperation has been supporting Mongolia to overcome the challenges in artisanal and small scale mining sector and widely introduce international good practices of artisanal and small mining.
E.Altanzul

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Erdenes TT to register shareholders www.news.mn

On 1 March, the executive board of Erdenes Tavan Tolgoi JSC decided to register Mongolian citizens who own its 1072 shares. The registration will open possibilities for people to trade their shares.

Mongolian citizens who were born before 2011 currently own 1072 shares in the company. According to the 2009 Human Development Fund Law, the company distributed its shares to all citizens.

Revenue at Erdenes Tavan Tolgoi JSC reached MNT 438 billion in 2017. This enabled the company to fully repay its debts to China's Chalco and the remaining USD 50 million debt owed to the Development Bank of Mongolia.

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Mongolia, Russia agree to expand cooperation www.xinhuanet.com

ULAN BATOR, March 1 (Xinhua) -- Mongolia and Russia agreed to expand cooperation in trade, economy, education, health, social protection and sports, Mongolia's Foreign Affairs Ministry said Thursday.

The agreement was reached during the 21st Meeting of the Mongolia-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, which was held on Feb. 26-28 in Moscow.

The meeting was co-chaired by Ulziisaikhan Enkhtuvshin, deputy prime minister of Mongolia, and Sergey Donskoy, minister of natural resources and ecology of the Russian Federation.

The two sides exchanged views on a wide range of issues on bilateral relations and cooperation.

During the meeting, the Nuclear Energy Commission of Mongolia and ROSATOM, the State Atomic Energy Corporation of the Russian Federation, signed a memorandum of understanding to cooperate on the establishment of a Nuclear Science and Technology center.

The 22nd intergovernmental commission's meeting will be held in Ulan Bator in the second half of next year.

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Bitcoin climbs to $11,000 as China opens new battlefront against cryptocurrencies www.rt.com

Led by bitcoin, the entire market of digital currencies has continued its steady ascent over the last 24 hours. Worries about China’s probable blocking access to overseas exchanges for its crypto investors have been shrugged off.

Bitcoin, the world’s top virtual currency, was trading above $10,600 at 10:00 GMT, retreating from a peak of $11,090 reached earlier in the day. The surge followed a sharp plunge in the entire market on Monday after US-based exchange Coinbase informed nearly 13,000 of its users that it had to hand over their data to the US Internal Revenue Service.

Chinese financial authorities are set to bar local investors from trading virtual assets on exchanges abroad, according to unnamed sources familiar with the issue as quoted by Bloomberg. The regulators are reportedly planning to look over the bank and online-payment accounts of Chinese firms and individuals suspected of facilitating offshore cryptocurrency exchanges.

The step is reportedly aimed at blocking the remaining ways for Chinese citizens to buy virtual currencies. The country, once the world’s most active for cryptocurrency trading, prohibited trading of bitcoin and other digital currencies on domestic exchanges last year. Since then, the regulators have progressed to blocking access to platforms that provide exchange-like services.

Last year, South Korea announced tougher steps towards cryptocurrency trading in the country. The measures, designed to curb speculation and illicit activities, included taxing cryptocurrency exchanges and banning them from issuing new trading accounts.

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Mongolia Jan coal exports up 28.81% MoM www.sxcoal.com

Coal-rich Mongolia exported 3.63 million tonnes of coal in January, up 28.81% from December and 38.13% from the year-ago level, showed data from the Mineral Resources Authority of Mongolia.

Exports of washed coking coal decreased 22.94% from a month earlier to 227,400 tonnes in January, and that of raw coking coal up 83.78% month on month to 1.46 million tonnes.

The country exported 935,100 tonnes of thermal coal in the month, flat month on month.

In the month, Mongolia produced 3.84 million tonnes of coal, down 29.23% year on year but up 8.3% from the preceding month.

In 2017, the country's coal output increased by 32.72% from 2016 to 47.10 million tonnes.

In January, Mongolia sold a total of 4.31 million tonnes of coal, rising 25.26% from the month-ago level, with domestic sales rising 46.9% from December to 680,100 tonnes.

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Mongolia protests to Japan over vulgar manga picture mocking Genghis Khan www.newsonjapan.com

Mongolia lodged a diplomatic protest with Japan on Friday after a monthly kid’s comic magazine included a picture of national hero Genghis Khan with a crude sketch of male genitalia across his forehead.
The comic's publisher, Shogakukan Inc., apologized Friday evening in a meeting with Dambadarjaa Batjargal, the charge d'affaires at Mongolia's embassy in Tokyo.

In an earlier protest lodged with the Japanese Foreign Ministry, the embassy said the cartoon "lacks respect for the Mongolian people."

"We deeply apologize for causing offense to all those who revere Genghis Khan," Shogakukan said in a statement on its website.

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Export opportunity opens as Russia agrees to offer www.gogo.mn

Dmitry Medvedev, the Prime Minister of the Russian Federation, issued an order last week, in which he assigned the Russian Minister of Transport to sign Agreement between the Governments of Mongolia and Russian Federation on Terms for Railway Transit Transportation, permitting to amend without changing the fundamental character on behalf of the Russian Government.

With the agreement, the interested parties agreed that it was necessary to create favourable conditions for trade of goods and services based on parity and creation of long-term mechanisms of mutually beneficial cooperation on freight transportation of foreign trade.

The agreement will create favorable conditions for transit freights, such as flexible tariff policy, between the two countries. On this note, the parties are obliged to strengthen competitiveness by providing long-term flexible tariff compared to other trade routes; creating conditions for easing border checkpoint procedures on transit freights; stimulating growth of freight volumes; providing balance of volume growth of freights and infrastructure development of railway transportation; and creating conditions for Mongolian exporters to be involved in maritime transport without obstacles.

In its third clause, the agreement states that the parties will enjoy tariffs established under international contracts, to which both countries are a signatory.

The agreement clause 5 states that for the development of transit potentials, the parties shall provide realization of measures on modernization of infrastructure of Ulaanbaatar Railway JSC through competent and authorized bodies of the parties.

The draft states that the agreement term will be effective for 25 years.

The draft of the Agreement was prepared by the Mongolian side and was presented to the Russian side in the end of last year. Previously, Battulga Khaltmaa, the President of Mongolia, expressed his intention to export Tavan Tolgoi coal to third markets during the third annual Eastern Economic Forum which was held in Vladivostok, Russia, in September 2017.

Oyunbayar. N

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Construction work of 11 power plants to start this year www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Energy has planned to build and expand 11 power plants this year and it was included in the Socio-Economic Development Guidelines of Mongolia in 2018. Most of the project investments have been resolved.

Energy Minister Ts.Davaasuren announced that construction work of the Tavan Tolgoi power plant is ready to start in July this year. The Tavan Tolgoi power plant will be commissioned in 2021, producing 2.3 billion kWh of electricity per year, annually selling energy worth of MNT 450 billion and paying taxes of MNT 45 billion to the state budget. The preliminary estimate presented by the Tavan Tolgoi power plant project director, D.Batbileg shows that the new plant will employ more than 400 people.

In addition, it is planned to complete the expansion of the capacity of Darkhan and Erdenet TPP this year and to build electrical substations in Baganuur-Undurkhaan-Choibalsan and Ulaanbaatar-Mandalgovi routes.

B.Misheel

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Apple Inc to establish data center in Inner Mongolia www.innermongolia.chinadaily.com.cn

The Ulaanqab municipal government and Apple Inc recently negotiated the construction of a data center in the city, the first iCloud computing base headed for North China.

According to the agreement, Apple will register a company in Ulaanqab and conduct construction and operations projects there. The venture, which will utilize clean and renewable energy, is scheduled for completion and launch by 2020.

Apple plans to bring more services to its Chinese users, reduce the cost of data storage and transmission, and enhance the performance of iCloud services.

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