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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China, Mongolia aim to take ties to new level www.globaltimes.cn

China is now Mongolia's largest trading partner and its second-largest source of foreign investment. The two countries recorded bilateral trade of $4.96 billion in 2016, and although the full-year figures for 2017 have yet to be revealed, trade had already jumped by 44.2 percent year-on-year to $3.1 billion in the first half of last year.

During last year's Belt and Road (B&R) Forum for International Cooperation in Beijing, the leaders of the two countries reached a consensus to effectively dovetail the B&R initiative with Mongolia's Prairie Road development initiative. The two sides also signed an array of agreements on economic and trade cooperation.

The second China-Mongolia Expo was also held in September, with a total of 37 projects signed between the two countries. The projects, covering energy, agriculture, big data and cloud computing, involved investment totalling 36.4 billion yuan ($5.58 billion). In addition, Mongolian coal exports to China, mainly through the Ganqimaodu Port in North China's Inner Mongolia Autonomous Region, saw a substantial increase in 2017.

In a nutshell, the two countries have made great progress in bilateral economic and trade cooperation over the past year, laying the foundations for closer economic ties in 2018.

The two nations have set a target of increasing bilateral trade to $10 billion by 2020, which will require efforts from both governments to boost trade and economic cooperation. Since the Mongolian People's Party swept back to power in 2016, Mongolia has moved to cut budget deficits, boost foreign investment and push for mega mining projects in the hope of overcoming its recent economic crisis. To ensure that such measures can come to fruition, Mongolia should seek closer trade and economic cooperation with China.

Official state visits to China by Mongolian President Khaltmaagiin Battulga and Prime Minister Ukhnaagiin Khurelsukh are expected to take place this year, according to media reports. These will be their first China visits since taking office, and if the visits go as planned, a firmer political foundation will be built for bilateral trade and economic cooperation, and plans for further cooperation down the road will be made much clearer.

It is expected that trade and economic cooperation between the two nations will revolve around four main aspects in 2018.

First, the priority areas for bilateral cooperation will likely make headway. The initiatives designed to enhance connectivity between the two nations - notably some mega projects, and the launch of a joint feasibility study for a Sino-Mongolian free trade zone - will be of importance for deepening bilateral trade and economic cooperation and will play a big part in creating synergy between the two countries' development strategies. Discussions about how progress can be made in these areas are expected to be a priority for high-level talks and meetings between the two countries this year.

Second, China will continue to lend money and provide financial aid for Mongolia. Financial help from China can already be seen playing an active role in easing Mongolia's economic crisis. Chinese Foreign Minister Wang Yi held talks with his Mongolian counterpart Damdin Tsogtbaatar in Beijing in December, stating that China will continue its support for Mongolia with ramped-up implementation of financial aid for the country and a preferential export buyer's credit project. The continuation of China's financial assistance for Mongolia in 2018 will certainly be a focal area for cooperation between the two governments.

Third, there will be strengthened efforts to build the China-Mongolia cross-border economic cooperation zone. There are signs that Mongolia's newly elected government has attached importance to building the zone. The Mongolian side's proactive moves, it is believed, will foster greater bilateral cooperation on this project.

Last but not least, trade disputes between the two countries, primarily concerning Mongolia's exports of coal and meat to China, will call for enhanced communication between the two nations so as to pave the way for wider trade and economic cooperation in 2018.

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Mongolia opens criminal case on clean air funds www.news.mn

It is well known that Ulaanbaatar's winter air quality ranks among the world's worst. Nearly half of Mongolia's population now lives in Ulaanbaatar and the public health crisis has reached critical proportions. Acrid coal smoke from 200 thousand ‘ger’ stoves and nitrogen dioxide from 400 thousand cars in Ulaanbaatar are blamed for air-pollution. In recent years, Mongolia has spent a total of MNT 119 billion and 779 million from State Budget and MNT 87 billion 185 million from international investments; MNT 147 billion in 2012-2016. The Clear Air Funds have been responsible for coordinating much off the money. However. serious transparency issues have emerged and the Clear Air Funds have been closed down and the Mongolian Police has been investigating the spending of the Clear Air Funds and opened case for discovering where MNT 3.4 billion went?

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Mongolia exports 33.320.3 thousand tons of coal in 2017 www.montsame.mn

Ulaanbaatar /MONTSAME/ A monthly press conference ‘Transparent and responsible mining’ was organized by Ministry of Mining and Heavy Industry on January 11.

In 2017, Mongolia processed about 1.2 million copper concrete, 20 thousand tons of gold and 7.2 million iron ore. As of preliminary report of December 2017, total production of industrial sector reached MNT 11.8 trillion and it showed increase of 33.7 percent or MNT 3 trillion compared to the same time of last year. 47.567.3 thousand tons of coal was extracted and 40.728.63 thousand tons of coal sold, of which 33.320.3 thousand tons exported. It means coal extraction was increased by 135.53 percent, sale by 120.39 percent and export by 129.1 percent compared to the same time of last year.

Minister D.Sumiyabazar emphasized "Within the framework of ‘Gold 2’ campaign, we planned to extract 18 tons of gold in 2017 and we have overfulfilled the basic task of the program, extracting 20.01 tons of gold."

B.Batchimeg

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Volvo to develop autonomous buses in Singapore www.nhk.or.jp

Swedish auto firm Volvo will develop autonomous electric buses in Singapore in partnership with local entities, including a national university.

A signing ceremony for the collaboration took place in the Asian country on Thursday.

Volvo plans to develop the bodies of 12-meter-long, 40-seater self-driving buses in Sweden and elsewhere. Then it will test the vehicles at Singaporean facilities, such as the university's circuit, starting next year.

Singapore's government seeks to introduce autonomous buses for public transportation in 2022. Volvo says it is studying the option of participating in a bid to be held by the government.

Other automakers and IT firms are already test-running automated buses in the United States and European countries.

Volvo Buses President Hakan Agnevall said his company now has the potential to test various solutions under realistic conditions in a major city.

He added the technology developed in Singapore can contribute to future autonomous applications by Volvo Buses.

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Rio Tinto pulls offer for stake in world’s largest lithium miner www.mining.com

Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile’s Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.

Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have made the sale process complex, raising at the same time the specter of delays or a steep price discount, local paper Diario Financiero reports (in Spanish).

Decision to withdraw offer for Nutrien’s 32% stake in SQM, worth about $5 billion at current market prices, doesn’t mean Rio Tinto has abandoned plans to capitalize on the electric-car boom.
The company has denied those allegations, adding it is sure a high-stakes arbitration with the government over royalties in Chile's Atacama salt flat will be resolved in its favour.

Rio’s decision withdraw an offer for Nutrien’s 32% stake in the Santiago-based lithium miner, worth about $5 billion at current market prices, doesn’t mean the company has abandoned plans to capitalize on the electric-car boom, the article says.

Nutrien, formed through Canada’s Potash Corp. of Saskatchewan (TSX, NYSE:POT) recent friendly merger with Agrium, must sell its stake in SQM to meet a condition imposed by Indian regulators when approving that link-up.

They have given the fertilizer company until April 2019 to divest its stake in the Chilean miner.

SQM, which has a market value at just over $15 billion, produced roughly 44,000 tonnes of lithium carbonate last year and is developing new projects both in its home-country and Australia.

Laws enacted in the 1970s and 1980s classify lithium as a “strategic” commodity for Chile on the grounds it can be used in nuclear-fusion power plants. While the South American nation is very unlikely to build one of those facilities any time soon, controls on lithium production remain and only two firms — SQM and US chemical company Albenarle Corporation (NYSE:ALB) — are currently allowed to mine the white metal used in electric car batteries.

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Apple's iCloud move to China raises concerns www.nhk.or.jp

US IT giant Apple announced on Tuesday it is going to move the base of its data-storage services used by Chinese customers to China.

The operation of the "iCloud" services will be transferred to a local partner in Guizhou Province starting February 28th. Apple says the move is to comply with Chinese laws.
Beijing restricts data transfers outside of the country.

iCloud users are worried their photos, documents and other data could be handed over to authorities.

Other US and European IT companies are considering moving their data centers to China. Yet they are also worried that the tightening of the country's Internet regulations may end up hurting their business.

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Cabinet meeting in brief www.montsame.mn

Ulaanbaatar /MONTSAME/ The Cabinet made following decisions at its regular meeting on January 10.
The Cabinet adopted a National Program on Livestock and Animal Health. The program deals with comprehensive actions to prevent from, restrict the spread of and disinfect livestock and animal contagious diseases; maintenance of contagious disease-free status; supply of safe food to the population and quality raw material to processing plants; and export of animal-origin raw materials and products.
The Cabinet decided to submit to the Parliament a draft bill on Mongolia-Germany Agreement on Financial Cooperation - Energy Efficiency Programme and Additional Loan and Second Project Agreement.
The Cabinet resolved to submit to the Parliament a draft resolution on the Number, Composition and Geographical Location of Foreign Immigrants for the period 2018-2020. According to the draft resolution, the number of foreign immigrants should not exceed 100 per year.
The Cabinet discussed a draft bill on ratification of Mongolia-Russia-China Agreement on International Road Transport along the Asian Highway Network and decided to submit it to the Parliament.
The Cabinet discussed the possibility of opening a Consulate in Manzhouli, China and agreed to consult with corresponding Parliamentary Standing Committees. By double count, 174 thousand Mongolians traveled to the city in 2016, and 170 thousand in 2017.
The Cabinet decided to submit to the Parliament a draft bill on State Aviation Law.
The Cabinet discussed granting of awards and titles to agricultural workers on the occasion of Lunar New Year. According to submissions sent from provinces, 128 herders have fulfilled the criteria for ‘State Best Herder’ title, ’11 herders ‘Twice winner of State Best Herder’ title, 13 herders ‘State Best Dairymaid’, 5 farmers ‘State Best Farmer’, 10 entities ‘State Leading Agrarian Organization’ and 27 individuals ‘State Best Agrarian’.
Kh.Aminaa

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Some state-owned enterprises to be shut down www.montsame.mn

Ulaanbaatar /MONTSAME/ The Cabinet resolved to shut down and reorganize some state-owned enterprises in order to improve their management and reduce unnecessary budget expenditure on January 10.

State-owned enterprises ‘Industrial Complex’, ‘Mongolian Farming Corporation’, ‘Mongolian Meat Corporation’, ‘Mongolian Stamp’ and ‘Road Equipment Rent’ will be shut down, on grounds of inactivity since their establishment and shortage of financial sources.

The decision was prompted by the common practice among Ministries and government agencies in receiving financial and other forms of assistance from state-owned enterprises for various purposes. Specifically, state-owned enterprises have been spending about MNT 500 million per annum on the expenses of Ministries and government agencies in recent years.

Furthermore, corresponding officials were assigned to ensure public participation, sell a portion of shares and privatize some enterprises through auctions.
Kh.Aminaa

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Mongolia Energy Corporation Ltd (MOAEF) Near-Term Moving Average Signal Update www.aikenadvocate.com

The recent price of 0.0200 for shares of Mongolia Energy Corporation Ltd (MOAEF) has put the price level below the Balance Step, indicating a near-term bearish pattern developing. Calculated from the last five balance points, the Balance Step indicator can help determine whether a bullish or bearish trend is developing near-term.

Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out on the markets getting to where they are today. It may be a case of missed trades or being too cautious, but a stellar forward thinking strategy may be just what is needed to get back on track. Studying various sectors may help provide some insight on where to go from here. Investors may become very familiar and comfortable with a certain sector, and they may be completely missing out on opportunities from other fast growing sectors. Investors may also need to take a long-term approach which may include creating a diversified portfolio that takes many different factors into consideration. With the enormous amount of uncertainty that follows the global investing world on a daily basis, it may be helpful for investors to be able to keep their emotions in check. Studying the hard data may prove to be very useful when trying to separate truth from fiction in the equity markets.

Investors may be taking a look at some additional technical numbers on shares of Mongolia Energy Corporation Ltd (MOAEF) in order to get a fuller picture. The 14-day RSI is currently spotted at 41.05, the 7-day is at 39.20, and the 3-day is sitting at 37.20. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

In terms of CCI levels, Mongolia Energy Corporation Ltd (MOAEF) currently has a 14-day Commodity Channel Index (CCI) of -15.67. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The 14-day ADX is 25.04. Many technical chart analysts believe that an ADX reading over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Mongolia Energy Corporation Ltd (MOAEF)’s Williams %R presently stands at -55.41. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation. Looking at some moving average levels on shares of Mongolia Energy Corporation Ltd (MOAEF), the 200-day is at 0.03, the 50-day is 0.03, and the 7-day is sitting at 0.02. Moving averages can help identify trends and price reversals. They may also be used to help spot support and resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

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Toyota, Mazda to open plant in Alabama www.nhk.or.jp

Japanese automakers Toyota and Mazda have officially announced that they will jointly build an assembly plant in the southern US state of Alabama.

Toyota President Akio Toyoda and Mazda President Masamichi Kogai on Wednesday announced the decision at a ceremony in the state capital of Montgomery. Alabama Governor Kay Ivey also attended.

Toyoda said he is confident that they will create yet another "Built in America" success story.

Kogai said he is glad to be able to contribute to Alabama and the US economy. He also said the two automakers will put their technologies together to supply high-quality vehicles.

The companies will invest about 1.6 billion dollars in the new plant that is planned to start operation in 2021.

Toyota and Mazda formed a tie-up last year, and have looked for a place in the United States to open a new plant.

Alabama is the fifth-largest automobile production base in the US and is home to factories of German maker Mercedes-Benz and Japan's Honda. Toyota already has an engine plant there.

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