1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20    

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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Green Climate Fund offers 100 thousand household accommodations www.gogo.mn

Smoke-free Ulaanbaatar Forum – 2 was held by Bloomberg TV Mongolia and Capital City Governor’s Office yesterday. It addresses the country’s urgent problem of smoke.

The forum touched upon clean air topics during the panel discussions of New Planning, Made in Mongolia and Accessible Funds, and involved representatives of the government, non-government organizations, private sectors, banking and financial sectors, as well as public representatives to discuss measures taken, to be taken in the future and various ways to resolve the problem. The AQI of Ulaanbaatar is currently around 2 - 5 thousand, which exceeds the hazardous level. The incidences of respiratory diseases in Ulaanbaatar alarmingly increased including a 2.7-fold increase in respiratory infections per 10,000 population in the last 10 years. Pneumonia is now the second leading cause for underfive child mortality in Mongolia.

Purevdavaa Davaakhuu, Advisor to the President of Mongolia in charge of policies on environment, urban and rural developments and issues of air pollution, sees that the reasons of air pollution are centralization, poverty and unemployment.

He stressed that ger district, which produces 80 percent of the air pollution as they fuel raw coal, is growing in size. He made a critical address towards several government policies, "Policy on regional development was mistaken as it did not address development of satellite towns. It needs to have renewed longterm urban planning that includes establishment of satellite towns around metropolis of Ulaanbaatar,” remarked Mr Purvedavaa.

He added that MNT19-32 billion were accumulated to the state budget from the tax on smoke producing sources since 2008. But small portion of the amount were allocated to reduce the smoke related problems. Last year, a total of MNT17 billion was collected to the budget from taxex on smoke producing sources. Although, MNT5 billion was allocated to the actions on air pollution reduction, only MNT4.5 billion were spent for the purpose.

Furthermore, the Mayor of Ulaanbaatar city has made decisions to stop consumption of raw coal and stop domestic migration to ger districts in Ulaanbaatar from rural areas in order to reduce centralization.

Other panelists suggest that it is important to improve living standard by reducing unemployment. “The effectiveness of the expenditure for reducing smoke should be evaluated with numbers of generation of workplaces that used technology achievements,” highlighted MP Uchral Nyam-Osor. He adds that there is a need to support the development of industrialization and entrepreneurship. He then added that there is a need to address the problem and solve in integrated way by producing sound laws, such as the amendments to the Law on Legal Status of Ulaanbaatar, regarding the satellite towns.

Another panelist, Dulamkhorloo Baatar, Editor-in-Chief of the Official Gazette, urges to take resolute measure. “I believe that there is no family with children of early age, who have been sick and hospitalized because of respiratory diseases. Therefore, their parents have to ask for leave of several hours to several days from their employees,” she remarked.

Mrs Dulamsuren requires that the government should make clear policy and provide environment for implementing programs and projects presented regardless of the party. Naidalaa Badrakh, Head of Green Climate Fund Project Team, informs that there is no problem finding financial sources to fund eco-friendly and greenhouse gas reducing projects.

Green Climate Fund GCF is a financial mechanism under the UNFCCC which helps fund climate finance investment in low-emission, climate-resilient development through mitigation and adaptation projects and programmes in developing countries. They have a ready to implement project that will provide 100 thousand households with energy and insulation efficient houses worth MNT25-40 million utilizing eight percent mortgage loan program for up to 10 year term. He called to involve interested parties to implement this project. Currently there are 216 thousand households living in the ger district.

Oyunbayar.N

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Constitutional Court: Nationalization of EMC will require compensation www.gogo.mn

About a year ago, the Parliament issued the 23rd resolution and reached a decision to nationalize the 49 percent ownership of Erdenet Mining Corporation (EMC). Considering this action as a violation to the Constitution of Mongolia, some people have appealed to the Constitutional Court. Accordingly, the Constitutional Court proceeded a ruling yesterday and confirmed the 23rd resolution of the Parliament did not violate the Constitution.

The rapporteur of the Constitutional proceedings was Sugar Dulam, who was one of the people who signed the approval of collateralization of EMC's 51 percent ownership to Standard Bank of South Africa. It has to be noted that Sugar, a member of the Constitutional Court, was the Chairman of the State Property Committee back then.

Looking at the justification of the appealing party, the 49 percent stake of EMC never belonged to the Government of Mongolia. The dispute began when the Government violated the private property rights by nationalizing the 49 percent stake, which was purchased from another country by a private entity.

The Constitutional Court’s ruling of the 23rd resolution of the Parliament:

Article 1.2 states “Democracy, justice, freedom, equality, ... the rule of law are the basic principles of the public service.”
Article 5.2, “The State … accepts any form of private property and protects the rights of ownership”,
Article 5.3, “Rights of the owner may be limited only by the grounds provided by law.”,
Article 16.3, “Fair acquisition, possession and ownership of movable and immovable property is inheritable. It is prohibited to confiscate or requisite private property. If the State takes its private property on the basis of essential social needs, the State shall pay the compensation and the price.”
Article 70.1, “In the Constitution ... decisions of the public body should be fully complied with one another.”
Although it may seem as a property dispute between the Government and private sector, it was a proceeding to decide whether if Mongolia could protect at least half of its ownership or lose 100 percent of its stake.

The London Court of International Arbitration (LCIA) has suspended EMC’s 51 percent due to the claim of Just Group collateralizing the stake to South African Standard Bank. While the company is operating normally, its foreign accounts have been suspended, resulting in a risk of no-income. However, Minister of Justice and Home Affairs Nyamdorj Tsend and Chief of Cabinet Secretariat Zandanshatar Gombojav announced that the factory is facing no risk.

Enkhjargal.B, Tugsbilig.B

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ROSATOM and Nuclear Energy Commission of Mongolia Signed Memorandum of Cooperation on Centre of Nuclear Science and Technology Construction www.globalenergyworld.com

The Memorandum was signed in Moscow during the Russian-Mongolian intergovernmental commission. On behalf of the Russian side the document was signed by ROSATOM’s Deputy Director General for International Relations Nikolay Spassky. The government of Mongolia was represented by secretary of National Energy Commission Gun-Aajav Manlaijav.

The main objective of the Memorandum is developing mutually beneficial cooperation in civil nuclear energy use and designing a Centre of Nuclear Science and Technology (CNST) blueprint. According to the document, Russian specialists will provide assistance to the Mongolian side in determining preliminary requirements and the configuration of CNST facilities. The Memorandum framework also involves the two sides designing a preliminary road map for the CNST project.

It is expected that specialized expert groups will be established to organize the working processes in these areas.

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Mongolia Mining 2018 to highlight non-ferrous metals www.montsame.mn

Ulaanbaatar /MONTSAME/ The 2018 Mongolia Mining international mining & oil expo will be held on April 4-6 in Ulaanbaatar, focusing on non-ferrous metals.

The 8th edition of the international exhibition will be held under the theme ‘World Technology is Coming’ at the Buyant Ukhaa Sport Palace.

More than 120 exhibitors from countries such as China, Russia, the Czech Republic, Australia, Kazakhstan, Sweden, Japan, Germany, South Korea, France and Canada will be introducing the latest technology and equipment in the mining industry.

The number of exhibitors has visibly increased this year, especially companies from Canada, the Czech Republic and the United Kingdom, said the organizers.

Moreover, the investors, suppliers and guests attending the international exhibition will be introduced to the mineral industry of Mongolia. In specific, there will be a seminar on government policy in mining sector in addition to presentations delivered by the exhibitors.

While highlighting non-ferrous metals, the event will be attended by not only representatives of the mining sector, but also of road and construction sector, thus offering good networking opportunities to the exhibitors.

The expo, dubbed as the biggest mining expo in Mongolia, is jointly organized by Minex Mongolia Co., Ltd, Expo Mongolia Co., Ltd., and International Expo Bureau of Mongolia and sponsored by Transwest Mongolia LLC, and Wagner Asia Equipment LLC.
Kh.Aminaa

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Putin wants Russia's economy growing faster than global average www.rt.com

The growth rates of the Russian economy should exceed global figures, which is the basic condition for a breakthrough, Russian President Vladimir Putin said in his address to the Federal Assembly.

“Increasing the country's economic potential is the main source of additional resources. For this we need an economy with growth rates exceeding the global level,” he said. “This isn't just a wish, but a basic condition for a breakthrough in resolving social, infrastructure, defense and other tasks.”

An increase of the gross domestic product (GDP) per capita by 1.6 times by mid-2020 is one of the key tasks, according to the president.

“This is a very challenging task but I am confident that we are ready to solve it.”

Putin also stressed the necessity to reduce the public sector’s share of the economy.

“To let the economy work at full capacity, the business climate must be improved dramatically, with the highest level of business freedom and competition.”

The president set a goal to cut poverty minimum in half in the next six years, saying the well-being of Russians and their families should be the top priority.

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US's trade spat with China escalates www.nhk.or.jp

The US Trump administration says China is not playing fair and is threatening to do whatever it takes to protect the free market system.

The comments appear in a document issued by the United States Trade Representative. The annual report says, "China has a statist economic model with a large and growing government role."

It says, "China is free to pursue whatever trade policy it prefers," but that the United States is also "free to respond."

The report warns the US government will "use all available tools to discourage China" from "undermining true market competition."

The US has repeatedly accused China of overproducing steel and infringing intellectual property rights

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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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