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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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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Mongolia's Hunnu Air eyes TVS-2DTS props www.ch-aviation.com

Hunnu Air (MR, Ulaanbaatar) has expressed an interest in acquiring the TVS-2DTS, a Russian-built single turboprop aircraft designed to replace the An-2 on commercial passenger flights in Siberia and Russia's Far East.

The Head of Buryatia, Alexey Tsydenov, told Tass this week that the Mongolian carrier had said it would be prepared to sign an agreement for up to six aircraft of the type.

Rostec plans to manufacture the aircraft at its U-UAZ plant in Ulan-Ude. The first TVS-2DTS is due to roll off the production line in 2019.

For its part, Hunnu Air would presumably use the aircraft for flights to more remote regions in Mongolia. Its fleet currently includes two ATR72-500s and three Fokker 50s used to serve 12 destinations across Mongolia, China, and Russia.

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Cabinet decides to ban raw coal consumption in 2019 www.montsame.mn

Ulaanbaatar /MONTSAME/ The Cabinet has resolved to ban consumption of raw coal in Ulaanbaatar starting from May 15, 2019, in an effort to reduce air pollution.

The decision, made on February 28, won’t be effective in thermal power plants and power stations operating in Bayanzurkh, Chingeltei, Sukhbaatar, Bayangol, Khan-Uul and Songinokhairkhan districts.

The Cabinet ordered the Mayor of Ulaanbaatar and the corresponding Ministers to study the demand, supply and ways to ensure the price stability of refined coal, and reach a decision by July 1 this year.

The Cabinet sees that it is possible to replace the raw coal consumed by the capital city residents with 600 thousand tons of compressed fuel. In other words, a household that burns 4-5 tons of coal in heating season will consume 3 tons of compressed fuel, which is an economically beneficial alternative. For instance, coal from Nalaikh is purchased at MNT 170 thousand per ton. Five tons of coal will cost MNT 850 thousand whereas three tons of refined coal will cost MNT 660 thousand, thus saving MNT 190 thousand.

The replacement of raw coal by refined coal is expected to significantly reduce carbon dioxide emissions, thus resulting in the decrease of air pollution.

About 202 thousand households in the ger areas of Ulaanbaatar burn 1.1 million tons of raw coal in winter, producing around 80 percent of smog in the capital city.
Kh.Aminaa

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Mongolia's Paris agreement goals www.news.mn

The decision that adopted the Paris agreement agreed to convene the Facilitate Dialogue in 2018, which has to evaluate collective progress towards meeting the Paris agreement goals, providing guidance to governments as they update their national determined contributions (NDC’s) before 2020, and prepare low carbon development strategies. The global stock take in 2023 under the Paris agreement will examine similar issues to those envisaged for the 2018 Facilitate Dialogue in relation to collective progress on meeting the objectives of the Paris Agreement.

With this as framing, it is clear that action on the NDC is not just about implementing them as written. It’s about working out how to increase their level of ambition, while at the same time increasing the level of policy action undertaken by governments to reflect each country’s fair share of efforts to meet the Paris agreement.

Proposed policies and measures for Mongolia’s 'intended' national determined contributions (INDC) are as follows:

Energy (power and heat): Increase renewable electricity capacity from 7.62% in 2014 to 20% by 2020 and to 30% by 2030 as a share of total electricity generation capacity.

Reduce electricity transmission losses from 13.7% in 2014 to 10.8% by 2020 and to 7.8% by 2030.

Reduce building heat loss by 20% by 2020 and by 40% by 2030, compared to 2014 levels.

Reduce internal energy use of Combined Heat and Power Plants (improved plant efficiency) from 14.4% in 2014 to 11.2% by 2020 and 9.14% by 2030.

Implement advanced technology in energy production such as super critical pressure coal combustion technology by 2030.

-State policy on energy production (Parliament resolution No. 63, 2015), Green development policy, 2014

Energy (transport):

Improve national paved road network.

Upgrading /Paving 8000 km by 2016, 11000 km by 2021.

Improve Ulaanbaatar city road network to decrease all traffic by 30-40% by 2023.

Increase the share of private hybrid road vehicles from approximately 6.5% in 2014 to approximately 13% by 2030.

Shift from liquid fuel to LPG for vehicles in Ulaanbaatar and provinces by improving taxation and environmental fee system.

Improve enforcement mechanism of standards for road vehicles and non-road based transport.

-Urban public transport investment program 2015; Mid-term new Development Program, 2010

Industrial sector Reduce emissions in the cement industry through upgrading the processing technology from wet to dry processing and through the construction of a new cement plant with dry processing up to 2030.

-NAMA’s, 2010; NAPCC, 2012: Building materials program

Agriculture:

Maintain livestock population at appropriate levels according to the pasture carrying capacity.

Mongolian National Livestock program, 2010

Gaps and Barriers:

High priority of external barriers: Financial lack is the most important obstacle, Challenges to introduce advanced and new technology and equipment machinery.

Weak management of disaster risks still exists especially of local level and early warning system for prevention of danger.

Internal barriers: Lack of legal enabling environment, Weak coordination of integration between sectors , Weak natural resources management for pasture, forest and water, Insufficient human resources capacity and lack of trainings and courses about Climate change in curriculums of Universities, Institutes and college, In effective monitoring system for natural resources and incapable tracking and monitoring system.

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Mongolia's Oyu Tolgoi mine to lift force majeure www.mining.com

The Oyu Tolgoi copper and gold mine in Mongolia’s southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters.

Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian border, leaving Oyu Tolgoi convoys unable to deliver copper concentrates. Force majeure is a legal status companies invoke when they cannot make deliveries of a commodity because of forces outside of their control.

Vancouver-based Turquoise Hill, majority owned by Anglo-Australian miner Rio Tinto , said the blockade was lifted Jan. 18 and the border re-opened Jan. 19, but ongoing congestion had hampered a return to normal border traffic.

A period of consistent convoy crossings and stable concentrate supply chain are required before force majeure can be lifted, said Turquoise Hill, which owns 66 percent of Oyu Tolgoi with the Mongolian government holding the remainder.

The Chinese truckers were protesting increased enforcement of rules requiring them to pay Mongolian taxes and social insurance to receive permits to deliver coal, a source in the capital Ulaanbaatar said in January. The source said Mongolian authorities had also stopped Chinese truckers from picking up coal from the mine.

Last week, the mine said it would weigh alternatives to guarantee electricity supply, after casting doubt on state plans to build a power plant in the region. Oyu Tolgoi is under pressure to procure power from domestic rather than Chinese sources within the next four years, as stipulated in a 2009 investment agreement.

Reporting by Susan Taylor Editing by Toni Reinhold.

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