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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Basic guideline approved to develop Ulaanbaatar in 2018 www.montsame.mn

Ulaanbaatar /MONTSAME/ At its 1st irregular meeting on November 16, Citizens’ Representatives’ Khural approved a basic guideline on developing socio-economy of the capital city in 2018. The basic guideline reflects over 400 policy actions in five chapters.

The chapter ‘Economic growth to every household’ of the guideline includes actions to select plants to be located in Industry and Technology Park in Baganuur, Nalaikh and Emeelt and commence constructional works. An implementation of the first stage constructional works in the park is predicted to create over 4000 jobs. 

In the chapter ‘Urban development and infrastructure’, a goal was reflected to decentralize and develop Ulaanbaatar city from one-centered into multi-center city. Infrastructural constructional works will be commenced in Selbe and Bayankhoshuu sub-centers. Within the re-planning project, deteriorated flats and houses were dismantled and new apartments for 301 households were built this year in Khan-Uul and Bayangol districts instead. The guideline says to complete constructions of apartments for 816 households next year. 

‘Environment and green development’ chapter says to recycle garbage and commence a construction of industry to produce energy and heat by burning of 150-200 thousand tons of garbage. In addition, greenery of the city will be expanded and a micro-garden will be established in every district. 

‘Social development’ chapter reflects many activities, including building ten model primary health care units with the support of Asian Development Bank in the framework to increase sufficiency of health service. Maintenance works of hospitals in Ulaanbaatar city will be completed. Also it is planned to improve sufficiency of school and kindergarten and to begin constructional works of 30 general educational schools with a total of 18690 seats in 2018.

In correlation to the guidelines, administrative team of S. Batbold, Governor of the capital city and Mayor of Ulaanbaatar, will plan next year’s budget of Ulaanbaatar city and submit it to the Citizens Representatives’ Khural.

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Gobi desert sees world's longest traffic jam www.news.mn

On the Mongolian-Chinese border, superhuman patience is required. Lorries are queuing over a 130-kilometer stretch of road. It's not only harming the health of the drivers, but also the Mongolian economy.

In 2017, Mongolia had been planning to export a total of 11.5 million tonnes of coal to China; however, coal export has slowed due to the limited capacity at the border crossing on the Chinese border; this has resulted in queues now exceeding 100 km.

In the year to date, Erdenes Tavan Tolgoi JSC has exported a total of 7.5 million tonnes of coal to China; 2.7 million tonnes from its West Tsankhi sector and 4.8 million tonnes from the East Tsankhi sector.

As a result of the queues and congestion on the border, the coal stock is building up at the Erdenes Tavan Tolgoi JSC mine; currently this has risen to 3.6 million tonnes of coal.

The Mongolian government has been in close contact with Beijing about the queue problem for months; so far the border facility has not been extended. In the meantime as temperatures plummet to below zero in the Gobi one can only but respect the Mongolian truck drivers.

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Automated forging lines for Mongolian metallurgical plant www.news.mn

Mongolian Darkhan Metallurgical Plant installed two automated Schuler forging lines featuring short stroke die forging hammers KGH 5.0B for the manufacture of balls with diameters of 100 to 140 millimeters.

As a system supplier, Schuler has provided the whole line including the dies and lubrication within seven months. The assembly began in November 2016, configuration and testing of the machinery was completed on December 14th, 2016. In the meantime, DMP has commissioned the lines. A new steel ball is produced by each line every eight seconds; the annual capacity of both lines is up 25,000 tons per year.

Schuler AG, was originally set up in Germany in 1839 and now has plants and representative offices all round the world.

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South China coastal city to host ethnic Mongolian carvinal www.news.xinhuanet.com

GUANGZHOU, Nov. 17 (Xinhua) -- China's ethnic Mongolian carvinal, Naadam fair, will be introduced to south China's coastal city Huizhou of Guangdong Province on November 25, organizers said on Friday.

The two-day events, first of its kind in the coastal city, will showcase ethnic Mongolians' "three manly skills" including horse racing, Bokh or Mongolian wrestling and archery at the beach or on the yacht, organizers said.
More than 80 competitors from both northern China's Inner Mongolia Autonomous Region and Guangdong Province will participate in the sports items.
Organizers estimated the fair, cosponsored by Inner Mongolia Chambers of Commerce in Guangdong and Huizhou, will attract thousands of tourists and local residents, who will also enjoy Mongolian costume performance, traditional Mongolian arts and dairy products.
In China, the Naadam fair is a major holiday for ethnic Mongolians featuring Mongolian sports and it is mainly hosted in Inner Mongolia Autonomous Region.

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2018 monetary policy direction adopted www.montsame.mn

Ulaanbaatar /MONTSAME/ The Parliament discussed and adopted a resolution on the Main Directions for 2018 State Monetary Policy on November 16.

The Monetary Policy will aim to solidify the positive developments in the economy, enhance financial sector stability and ensure long-term and sustainable economic growth.

The monetary policy includes objectives such as maintaining inflation rate around eight percent in 2018-2020, cohering with policy tools directed at preventing risks in financial sector, and realizing a future-oriented monetary policy and developing a channel for public communication and ensuring transparency in order to increase the effectiveness of the policy.

Aiming to ensure stability in financial sector, the policy reflects measures such as broadening the scope of financial intermediation, improving the risk bearing capacity of banking and financial institutions and refinancing of banks and boosting financial capacities in order to promote economic growth.

Within the framework of strengthening financial market infrastructures, the policy will facilitate continuation of legal renovation in banking and financial sector, implementation of the relevant laws and regulations, consistency of national payment system and integration of payment instruments, and continued implementation of National Program for Financial Literacy in cooperation with international, private and public organizations.

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Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources www.reuters.com

(Reuters) - Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch’s Twenty-First Century Fox Inc’s assets, two people familiar with the situation told Reuters on Thursday.

FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson /File Photo
News of competing interest in some of Murdoch’s assets broke even though the U.S. Justice Department was preparing a lawsuit to block AT&T Inc, the largest pay-TV provider in the United States, from buying Time Warner Inc for $85.4 billion, according to a source. This raised questions about the U.S. government’s willingness to allow large media industry mergers.

The Fox assets that buyers have expressed interest in include Fox’s movie and TV production studios, cable networks FX and National Geographic, and international assets such as the Star network in India, and the European pay TV provider Sky Plc. These units have also been the subject of recent talks between Fox and Walt Disney Co, one of the sources said.

Fox shares jumped nearly 8.0 percent in after-hours trading after the Wall Street Journal first reported the news. Shares of Viacom Inc and CBS Corp also rose more than 2.0 percent, a sign investors may see them as potential targets also.

Comcast has approached Fox about its interest, and talks are in early stages, the source added, requesting anonymity. There is no guarantee that talks between the companies will result in a deal.

Fox, Comcast and Verizon declined comment.

After Comcast first bought a stake in NBCUniversal in 2011, buying the Fox assets would give Comcast, the largest cable provider in the United States, an international distribution footprint through ownership of Sky and Star in India.

Comcast has steadily boosted its ownership of content over the years and acquiring Fox’s assets would further position Comcast as a diversified conglomerate to rival Disney, analysts said.

The deal would bulk up its NBCUniversal unit, which acquired Dreamworks Animation for $3.8 billion last year, as well as increase its ownership stake in video streaming service Hulu.

Verizon is also in the early stages of exploring a deal, one of the sources said. A deal could give the U.S. No. 1 wireless phone carrier ownership of movies and TV shows to stream to its mobile subscribers.

Acquisition of a movie studio and cable channels would be a departure for Verizon, which has focused its media deals around advertising technology and internet properties.

Verizon spent $4.48 billion acquiring the core business of Yahoo, which it merged with AOL this year to form a venture called Oath. Led by AOL CEO Tim Armstrong, Oath owns more than 50 brands including HuffPost, TechCrunch and Tumblr.

Roger Entner, an analyst of Recon Analytics, said, “It is undeniable that there is a trend of combining content with distribution.”

Verizon, which has said it is launching a new streaming service, could have more targeted advertising with a vertically integrated platform, he added.

Traditional cable television networks have been struggling with faster-than-expected subscriber erosion in the competition with streaming services like Netflix Inc and Amazon.com Inc.

To increase its scale, Fox tried to buy Time Warner Inc. three years ago and last year announced its intention to buy the rest of Sky beyond the 39 percent it already owns.

The moves also come after the U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media.

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Bitcoin recovers from price crash despite bubble warnings www.rt.com

Following huge losses sustained last week, the value of bitcoin has surged, recovering over $2,000 since Sunday. The world’s most popular virtual currency has shown resilience despite continued skepticism over the bitcoin phenomenon.

According to data provided by CoinMarketCap, bitcoin traded at $7506.14 at 11:22am GMT, fixing a daily gain of over seven percent. The cryptocurrency began the year below $1,000 per token.

On Sunday, bitcoin plunged as low as $5,519, marking a 30 percent drop from the record high of $7,882. The correction came as people behind the cryptocurrency considered changes to the software aimed at speeding up transactions on the bitcoin network. The measure, called SegWit2x, was suspended but managed to evoke a massive selloff among cryptocurrency enthusiasts. 

Although bitcoin has been picking up steam over this week, some analysts still remain skeptical over the leading digital currency. However, the bitcoin phenomenon is not going away overnight, according to Morgan Stanley Chairman and CEO James Gorman.

“Something that goes up 700 percent in a year — it's by definition speculative. So anybody who thinks they're buying something that it's a stable investment is deluding themselves. It might go up another 700 percent, but it could easily not,” Gorman told CNBC.

The billionaire investor and chairman of Interactive Brokers, Thomas Peterffy, has called for keeping bitcoin from the real economy. The businessman stressed he never opposed trading the cryptocurrency.

“I think bitcoin and other cryptocurrencies are great ideas. They should be allowed to be traded freely and used freely to find their appropriate role in the economy,” Peterffy said as quoted by the media.

“What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house,” he added.

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November 16, 2017 trading report www.mse.mn

On November 16, 2017, 226,230 shares of 25 firms listed as Tier I, II, and III were traded. 9 firms’ shares increased in price, 12 decreased and 4 remained unchanged. ITools JSC /ITLS/ and Erchim Bayan Ulgii JSC /BOE/ was the top performer, increasing 15.00 percent, whereas Noyot Khairkhan JSC /NIE/ was the worst performer, decreasing 12.00 percent.

On the secondary market for government bonds, 7 bonds with a value of MNT0.7 million were traded.

The MSE ALL Index increased by 0.11 percent to stand at 1,170.42 points. The MSE market cap stands at MNT 2,307,528,011,335.

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Canada says coal not coming back, US and Germany differ www.mining.com

Nearly 20 countries and regions pledged Thursday to never use coal again as fuel for power generation from 2030 onwards, adhering to a British-Canadian initiative presented at the 2017 United Nations climate change talks in Bonn, Germany.

Two nations, however, did not sign the accord — the United States and the host country.

US President Donald Trump has made no secret of his intention, at least in paper, of “bringing back coal.” So far, he has by rolled back environmental regulations and moved to repeal Obama-era curbs on carbon emissions from power plants among other measures.

However, dozens of coal-fired plants have closed in recent years, and cheap natural gas continues to dent domestic demand. According to the Appalachian Regional Commission, the region has lost about 33,500 mining jobs since 2011. And that’s only in one section of the US.

Overall, coal’s share of the power mix is declining, and wind and solar remain the fastest-growing US sources of electricity.

One problem is that most of the installed coal-fired generation capacity in the US is quite old, and with gas prices being low, companies don’t seem willing to invest in repairing those outdated facilities.

Another issue is that not one single new commercial plant of this kind is planned in the whole country for the near future, compared to 2.6GW of new solar capacity, 10GW of new wind and 38GW of new gas-fired plants scheduled to start up in 2017-18.

Even AEP, the US top generator from coal in 2015, has been embracing renewables. In July, in fact, it announced it would invest $4.5 billion to build the largest wind farm in the US.

Despite these facts, coal jobs have increased and Bloomberg explains partly why:

US coal production began rising in mid-2016, boosted by higher global prices that were mainly due to production cutbacks in China. Cyclone Debbie buffeted Australia’s coast earlier this year, sending prices rallying again. And in the US., coal became more competitive in the utility mix after natural gas — a rival power-plant fuel — rebounded from last year’s historically low prices (…) Coal production has since fallen below 2016 levels.
Germany, in turn, which for years has been seen as a world leader in the fight against carbon emissions and pollution, still gets 40% of its energy from coal, a larger share than most other European countries, data from Eurostat show.

The reality is so despite the Angela Merkel’s administration has invested billions in renewable energy and it means that Germany will miss its goal of cutting 40% of its greenhouse gas emissions by 2020. Currently, official figures show that number is likely to fall to little more than 30%.

Canadian and British authorities declined to criticize the US and Germany’s decisions. Instead, the Financial Times reports, they emphasized the economic opportunities arising from the shift towards less polluting technologies:

“My message to President Trump is: Have a look at what other countries are doing,” Claire Perry, the UK minister for climate change and industry said. “Clearly you have to make choices based on your manifesto agreements. But there are really big opportunities out there in the transition to clean energy for jobs and for growth.”

“Coal is not coming back,” noted Catherine McKenna, Canada’s minister for environment and climate change. “The economic case is clear. The price of solar and wind has plummeted. Clean power is also increasingly the cheapest power.”
Some of the countries that have joined the so-called Powering Past Coal Alliance to phase out coal from power generation before 2030 include Britain, Canada, Denmark, Finland, Italy, France, the Netherlands, Portugal, Belgium, Switzerland, New Zealand, Ethiopia, Mexico, Chile and the Marshall Islands.

The coalition expects to include at least 50 countries by next year.

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Billionaire investor George Soros dumps Apple & Facebook www.rt.com

US Securities and Exchange Commission (SEC) filings show the George Soros' investment fund has disposed of its holdings in Apple and Snap in the last quarter, reducing stakes in other tech giants such as Facebook and Twitter.

According to the filings, the fund sold 1,700 shares of Apple and 1.55 million of Snap stock. It also reduced its stake in Twitter by 5,700 shares while still holding 18,400 shares of the social media site. The investor got rid of 367,262 shares in Facebook; he has now 109,451 of the network’s shares.

At the same time, the Soros hedge fund boosted its stake in Microsoft by 99,000 shares and in Amazon by 2,500 shares.

Snap stock tumbled on the news that another key shareholder has bailed from the struggling messaging app. The company is down over 48 percent since it went public in March. Apple, whose shares hit a record high last week, plunged almost three percent on Wednesday.

Soros’ position contradicts that of another billionaire investor Warren Buffet who’s holding company Berkshire Hathaway almost quadrupled its stake in Apple earlier this year. According to an SEC filing, in the third quarter, the company also topped up on Apple, boosting its stake in the iPhone maker by 3.9 million to 134.1 million shares.

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