1 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      2 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      3 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      4 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      5 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      6 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      7 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      8 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      9 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      10 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

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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Beware of bitcoin bubble, warn investment & financial advisors, as it smashes $7,600 www.rt.com

Bitcoin's sevenfold rally is one of the telltale signs of a bubble, according to investment strategists. It started the year at $973 and rocketed to $7,600 on Sunday, up over 750 percent in 10 months.

Financial advisors warn bitcoin is another bubble similar to the tech boom of the late 1990s, the housing crash of 2006-2007 and the commodities bust of 2008-2009.

“A month before the 1987 crash, my cab driver said he started day trading,” Scott Kelly, CEO of Black Dog Venture Partners in Phoenix, Arizona told Forbes. “A month before the real estate crash in 2007 in Arizona, my cab driver said he was getting into flipping real estate. Last week, my Uber driver said he just started trading Bitcoin.”

Since making its debut in 2008, bitcoin has gone from no value to a fraction of a penny by March 2010. Now, one coin is worth over $7,500, and its market capitalization is greater than McDonald's. For an early investor, $1 in bitcoin seven years ago is worth millions today.

Since going mainstream, the crowd is piling in. New companies are popping up everywhere selling you on buying bitcoin for your retirement, writes Forbes, as newsletters tout their bitcoin trading strategy could make $1.64 million in 72 hours. Stories of overnight cryptocurrency millionaires abound.

While opinions have been split on the world's most popular cryptocurrency, business leaders like Warren Buffet, Jamie Dimon and Robert Shiller have warned bitcoin is a bubble.

“But it is anybody’s guess what inning. It looks to me like we’re well ahead of the 7th-inning stretch,” said Jason R. Escamilla, CEO of ImpactAdvisor, an investment advisory firm in San Francisco, as quoted by Fobes. “The price level and energy usage are unsustainable. There is far better technology emerging to meet the same needs.”

Ethereum, bitcoin cash and ripple could be those technologies. Bitcoin accounts for about 61 percent of the cryptocurrencies market that is worth nearly $200 billion, according to CoinMarketCap.com. If bitcoin crashes, there is nothing to prevent any of the alternative coins from taking over.

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AngloGold cash flow, output jump in third quarter www.mining.com

South African AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, said Monday it saw cash flow and production jump in the three months to September 30.

Free cash flow for the three months ended Sept. 30 was $88 million, AngloGold said, compared with $41 million at the end of the second quarter.

Gold output increased 11% in the third quarter of the year to 997,000 ounces, compared to the 900,000 ounces it produced a year earlier.

The Johannesburg-based gold miner noted all-in sustaining costs remained unchanged at $1,071 an ounce, but the its net debt increased 4.6% to $2.06 billion.

After suffering heavy losses in its home market, the company had said in June it would restructure its South African mines, which could lead to 8,500 workers, or around 30% of its workforce, being laid off.

Last month, AngloGold sold its Moab Khotsong mine as well as Kopanang Mine and the West Gold Plant for a total $307 million. Once those transactions are complete and the loss-making TauTona mine is placed on care and maintenance, the company said an estimated 13% of its total production would come from its remaining operations in South Africa.

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Mitsubishi and other trading houses raise full-year forecasts www.asia.nikkei.com

TOKYO -- Japan's seven major trading houses have reported their half-year results through September.

Overall, the outcomes -- all announced by Monday -- were encouraging, thanks mainly to a recovery in resource prices. More than half the companies raised their full-year forecasts, with some even deciding to increase shareholder dividends.  
Mitsubishi Corp. on Monday revised up its forecast for full-year group net profit through March 2018 by 50 billion yen to 500 billion yen ($4.39 billion). That would mark a 14% increase on the previous year and exceed the trading house's all-time high of 471 billion yen posted during the year through March 2008 -- a time when the global economy was buoyed by the rise of emerging countries.

Sumitomo Corp., Itochu and Toyota Tsusho also expect to log record-high profits for fiscal 2017. Sumitomo has raised its net profit projection now to 280 billion yen. 

Mitsui & Co., on the other hand, is unlikely to renew the record profit posted for the year through March 2008. It will, however, at least see its highest earnings since adopting international accounting standards in the year ended March 2013.

Soaring resource prices have been the biggest contributing factor behind the strong performances. Prices of coking coal used in steel production have risen around 80% from the average during the first half of the previous year. Copper and iron ore prices have followed suit.

Car sales, construction machinery leasing, food and food products are also performing well at all the trading houses, largely supported by a strong global economy, especially in Asia.

By sector, Mitsubishi's metal business, which includes coking coal, will likely see a 32% increase in profits to 195 billion yen, while earnings at its machinery division, which includes car sales, are expected to almost triple to 75 billion yen.

"The boom in resource prices tends to be highlighted, but this is the result of consistent efforts to enhance other [machinery and food] businesses," said Kazuyuki Masu, chief financial officer at Mitsubishi, during a briefing on Monday.

Some trading houses are looking to use the extra cash from the enhanced profit forecasts to increase dividends to shareholders. Mitsubishi, Sumitomo and Toyota have raised their payouts for this fiscal year. Itochu and Mitsui have so far kept the amount unchanged, but will likely either increase dividends or launch a buyback scheme during this fiscal year.

The leading trading houses appear to be generally expecting the positive outlook to continue for the time being. "Resource prices could drop within a short space of time, but over the long term, they will return to an upward trend," said Mitsui's CFO Keigo Matsubara.

Koichi Takahata, Sumitomo CFO, is also optimistic about the near-future forecast for resource prices. "For the next 12 months or so, we will not see sharp ups and downs," he said.

Geopolitical risks could pose one of the few uncertainties for the rest of the fiscal year. Results could depend on whether the trading houses are able to rebalance portfolios to secure new revenue sources while the business environment remains favorable.

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Government to fight against illegal acts related to special licenses www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh stated that the Government will fight vigorously against illegal trading of land ownership and mining licenses, during his speech to the Parliament last Friday in connection with a discussion of 2018 State Budget Bill.

The Government will stop improper practices, including issuance of mining and exploration license or land ownership certificate directly by one signature under the name ‘according to application’, issuance of hundreds of licenses to few people or company and they sell the licenses under the name granting or transferring to avoid tax payment.

The Government intends to submit a new law, which legislates to issue licenses for land use and ownership, mining and exploration through open bid and auction and MNT36 billion is estimated to be accumulated to the State Budget by approval and realization of the law. According to the Prime Minister, tax will be imposed on indirect transfer of special licenses and ownership rights, registering basic beneficiary of the special license and final users as well as direct and indirect transfers.

The Government expects that hidden and illegal acts related to special licenses will be eliminated as special license will be cancelled, if license holder fails to present tax report or hide necessary information.

A total of 3,476 licenses, of which 1596 mining licenses and 1,880 exploration, have been registered as of first half of 2017.

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‘Steppe Gold’ files for IPO www.news.mn

Toronto-based Steppe Gold is a precious metals exploration and development company focussing on opportunities in Mongolia. The company has filed a preliminary prospectus in connection with a proposed initial public offering (IPO) of its common shares.

In September 2017, Steppe Gold acquired advanced-staged Altan Tsagaan Ovoo Project in Mongolia from Centerra Mongolia, a subsidiary of Centerra Gold Inc., for aggregate consideration of USD 21.78 million. Steppe Gold has also acquired two exploration stage mineral properties in Mongolia.

The Altan Tsagaan Ovoo Project is comprised of one mining license (MV-017111) over an area of 5,492.63 ha. The project is located in the territory of Tsagaan Ovoo Soum, Dornod Province in eastern Mongolia, 660 km east of the capital Ulaanbaatar, and is at the junction of rivers of Bayan and Duruu. It is near the foot of the mountains Delger Ulziit, Bayan, Namkhai Hill and Yaruu.

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Greenhouse farming technology to be introduced in Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ “Mongolia has a lot to study experiences from Greece; in particular the country is interested in naturalizing Greece solutions of greenhouse farming technology that are fit to Mongolia’s climatic conditions,” said B. Batzorig, Minister of Food, Agriculture and Light Industry, during the November 3 meeting with the Non-Resident Ambassador of the Hellenic Republic.

In this regard, the Minister put forward a request to Ambassador Leonidas Rokanas to study a possibility to naturalize farming techniques and technology of fruits, berry and vegetables in Mongolia and boost cooperation between scientific organizations of two countries.

Moreover, N. Batzorig expressed an interest of Mongolia in cooperating in introducing experiences and management of farming communities of Greece, conducting joint a program and project and involving Mongolian farmers and specialists in the training in Greece. He also highlighted a full opportunity of cooperation with Greece on producing and exporting meat products.

In the end of the meeting, the sides reached an agreement to expand bilateral cooperation and establish a Memorandum of Cooperation between the ministries.

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Affordable housing prototype in Mongolia’s suburbs www.domusweb.it

Designed by Rural Urban Framework, Ger Plug-In is a traditional Mongolian building, a portable structure made of timber, felt and canvas. It is located on the edge of Bayankhoshur, one of Ulaanbaatar’s ger districts – sprawling settlements comprised of a mixture of gers and low-cost detached homes. It is estimated that over 700,000 people live in the ger districts, accounting for over 60% of the city’s population. The numbers are constantly growing with new migrants moving from the countryside to the city daily. It is likely the only city in the world where the poorest people own the majority of the land. The city has expensive new development plans to bring services and apartments to the residents of the ger districts. However, they do not reach the fringe areas where Zulaa and Urangua live. The project tackles the problem from the basic unit of habitation – the one thing that all residents own – the ger itself.

The Ger Plug-In is conceived as being in-between a ger and a house. Designed for adaptation and growth with embedded environmental systems, the aim is to “seed” a transformation process that can lead to the creation of off-grid infrastructural networks. The Ger Plug-in is designed as a thickened infrastructural wall containing water and septic tanks and heating systems that the ger plugs into. By hybridising the ger with essential infrastructure, it provides a new form of urbanism. Rather than accepting generic forms of brick houses, so typical in developing regions, the project creates a new typology of affordable housing.

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Water Quality in Mongolia: Better Infrastructure Needed www.borgenproject.org

Bordering Russia and China, Mongolia, the landlocked country in northeast Asia, has been experiencing more severe and frequent effects of climate change. Among several of these issues, water quality and scarcity are at the top of the list. Mongolia’s unique landscape is comprised of sparse rivers, lakes and springs that flow from the wooded northeast, leaving most of the east and south with a desert climate.

Of the population that is just under 3 million, about one-third to one-half reside in the capitol, Ulaanbaatar. The people of Mongolia traditionally practice a nomadic lifestyle. Second to mineral industries, Mongolians rely heavily on livestock as a major economic driver. Needless to say, water quality in Mongolia has a profound effect on this industry, as well as on the health and well-being of its people. Threats to water supplies exist both in urban and remaining rural communities. A lack of water quality infrastructure has led to contamination of water supplies, and unregulated use has resulted in scarcity in some regions.

In the last few decades, Mongolia has also made a transition to democracy and has introduced a market economy across the nation. Issues have arisen since the adoption of this new system that have directly affected water usage, such as wealth gaps, overgrazing and collapsing value systems and traditions. Desertification, premature melting of permafrost and water pollution have also increased along with the growing effects of climate change. As a consequence of drier rivers in the northern region, many have had to rely on groundwater resources, which made up roughly 80 percent of Mongolia’s water consumption in 2010.

One solution that Mongolia is exploring is a pipeline that would stretch across the steppe that comprises the majority of the country. While this project may ensure more sanitary and abundant water supplies, there has been no advancement on this project due to the high cost and labor burden that it would pose. Although projects like these may be costly and inefficient, it is important that sustainable options are being explored and debated as the water quality in Mongolia continues to decline.

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Invest Mongolia Tokyo 2017 www.mongolianbusinessdatabase.com

"Invest Mongolia Tokyo" 5th Conference will be held on November 24 this year. On the same day, Japan-Mongolia "Business Matching Event" for the representatives from Mongolia will be held at the same venue of “Invest Mongolia Tokyo” conference. About 40 distinguished speakers and 300 guests are attending the Conference and the Business Matching Event on the day. As you will have the opportunity to hear different opinions from Japanese investors and experts on Mongolia through the presentations and panels, you will obtain the most updated and accurate information on Mongolia from Japan after the Conference.

Please see the details of the "Invest Mongolia Tokyo 2017" conference at below link 
http://frontier-conference.com/tokyo/index.php/en/
(in Japanese) 
http://frontier-conference.com/…/Invest%20Mongolia%20Tokyo%…

If you want to join to the conference , please register online at below link. 
http://frontier-conference.com/tokyo/index.php/en/registere
Registration Fee: free (conference badge only)

Please see the details of the "Business Matching Event" at below link. http://frontier-conference.com/…/Business%20Matching%20Even…

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November 06, 2017 trading report www.mse.mn

On November 03, 2017, 68,792 shares of 21 firms listed as Tier I, II, and III were traded. 8 firms’ shares increased in price, 12 decreased and 1 remained unchanged. Durvun-uul JSC /DRU/ was the top performer, increasing 15.00 percent, whereas State Department Store JSC /UID/ was the worst performer, decreasing 13.20 percent.

The MSE ALL Index decreased by 0.34 percent to stand at 1,152.63 points. The MSE market cap stands at MNT 2,251,355,625,122.

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