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      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     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    

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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Gigantic dinosaur-eating plane-size reptile discovered in Mongolia www.foxnews.com

A monstrous, meat-eating flying reptile that had a wingspan of a small airplane, could walk on all fours and stalked its prey on land has been found in the Gobi Desert of Mongolia.

Fortunately for us humans, who would have made for a delightful midday snack, this pterosaur is dead. Long dead. Seventy million years dead.

With an approximately 36-foot wingspan, “It might have been this quite robust, formidable predator,” Mark Witton, an expert on pterosaurs at the University of Portsmouth in the U.K., told National Geographic. “They seem to be feeding on things on the ground and are generalist in their ability to grab basically whatever they can fit in their beaks.”

Thankfully, that didn’t include humans, who weren’t around at the time. Scientists think this pterosaur had to settle for a diet of little dinosaurs.

Researchers from the United States, Japan and Mongolia have been collecting the prehistoric animal’s skeletal remains since 2006, when Buuvei Mainbayar, a paleontologist from Mongolia, discovered its first fossil in the western Gobi.

Mainbayar showed the fossil to Takanobu Tsuihiji of the University of Tokyo, and “I immediately recognized that it might be a pterosaur and was astonished at its gigantic size,” Tsuihiji said. “Straight away, we went back to the site and discovered the rest of the specimen.”

What they discovered were the remains of a flying monster that would have stood 18 feet high on the ground and had a wingspan that rivaled the length of the two largest pterosaurs currently known: Quetzalcoatlus, found in Texas in the 1970s, and Hatzegopteryx, found in Romania in the 1990s.

The Mongolian pterosaur has not been declared a new species yet, because of its incomplete remains.

“Although fragmentary, the specimen is from a gigantic individual … extending the geographic range of gigantic pterosaurs to Asia,” the scientists wrote in their report, which has been published in the Journal of Vertebrate Paleontology.

 
 
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Itools IPO launches www.montsame.mn

Ulaanbaatar /MONTSAME/ Primary market order opening and the opening bell ceremony for ITools were successfully organized at the Mongolian Stock Exchange. MSE CEO Kh.Altai, ITools founder A.Battamir, ITools CEO I.Altantulga, Standard Investment Director Ch.Jargal and Mongolian Software Industry Association President J.Tamir were in attendance and struck the MSE's 5588th opening bell.

ITools was founded in 2011 and provides over 30 products and services such as domain name registration, internet and e-mail provison. The company will be offering 38.8% of its outstanding shares through its IPO and plans to expand its data center business by founding a TIER III standard Modular Data Center Park in Darkhan City.

Standard Investment is underwriting this stock offering and is receiving orders until its primary market trading commences on November 10, 2017. Detailed informational presentations are being held at the MSE daily from 12:00-13:30 until November 9th, 2017. We cordially invite interested investors to attend the presentations.

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Mongolia registered 70 new mining deposits www.news.mn

Without doubt, the mining sector is the main pillar of economic growth and development in Mongolia. In recent years, the sector has contributed to approximately 20% of the GDP, approximately 60% to industrial output and about 80% of total exports (World Bank Group).

The Mineral Council of Mongolia has reported that 70 new mining deposits were registered in the Mineral Resources Fund in August.

Of particular note, has been the inclusion of two gold deposits with 2070.2 kg, two copper deposits with 13,494,428 tonnes and 2490.9 tonnes of molybdenum.

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Kazakhstan-Mongolia business forum held in Ulaanbaatar www.inform.kz

On October 31 - November 1 the Mongol capital hosted the second Kazakhstan-Mongolia business forum "Trade Mission - 2017", Kazinform correspondent reports from China. The event organized by KAZAKH INVEST National Company and the National Chamber of Commerce and Industry of Mongolia with the support of the Embassy of the Republic of Kazakhstan in Mongolia was attended by representatives of 14 Kazakhstani and more than 100 Mongolian companies. Within the framework of the forum, Kazakh businessmen also met with a number of Mongolian officials and potential business partners to discuss the prospects for expanding trade, economic and investment cooperation between the two countries.

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Siemens supplies electrical equipment for underground copper mine in Mongolia www.mqworld.com

Siemens is undertaking the engineering, design, production and supply of the electrical equipment for the Oyu Tolgoi copper mine conveyor system. The delivery comprises the new conveyor system with gearless and conventional drives from thyssenkrupp Industrial Solutions. The new system extends the existing opencast mining facility and is expected to bring 95,000 tons of copper ore to the surface per day. The conveyor system has to overcome a difference in height of almost 1,400 meters. Initial production is expected to commence in 2020. The order value is in the tens of millions of Euros.

Siemens is supplying thyssenkrupp with state-of-the-art electrical equipment consisting of 8DA10 (gas-insulated) and NX-AIR (air-insulated) medium-voltage switchgear, transformers, low-voltage energy distribution, Sinamics SL 150 and Sinamics S150 frequency converters as well as low-speed synchronous motors with a nominal power of 5.5 megawatts and smaller squirrel cage induction motors. The delivery also includes pre-assembled ‘E-Houses’ for installing the equipment as well as power factor correction and harmonic filtering equipment. To fulfil the requirements of the underground environment the dimensions of those “E-Houses” were reduced to an absolute minimum.

The transport system consists of a total of nine conveyors – seven underground and two at surface. Four of these conveyor belts have a gearless design, each with two 5.5 megawatts drive systems.
As one of the leading global providers, thyssenkrupp Industrial Solutions specializes in planning and supplying advanced mining and conveying systems. By using Siemens technology, the industrial group has already achieved one of the longest and most powerful conveying systems in the world. Siemens has been supplying thyssenkrupp with innovative, reliable and powerful drive systems and electrical equipment for international mining projects for over six years. This close and successful collaboration has allowed Siemens to win the copper mine project in Mongolia. The mine is approximately 550 kilometers south of the capital city of Ulaanbaatar and is located in the province Aimag of Umnugovi in the Southern Gobi region of Mongolia. The Oyu Tolgoi mine complex is a joint venture between the Mongolian government and Turquoise Hill Resources with Rio Tinto as the majority owner of Turquoise Hill Resources.

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Qualcomm Says Apple Breached Contract on Phone-Chip Software www.bloomberg.com

Qualcomm Inc. has sued Apple Inc., accusing the iPhone maker of failing to abide by the terms of a software license and said it may have used its unprecedented access to that code to help Qualcomm-rival Intel Corp.

The chipmaker filed the lawsuit against Apple on Wednesday in California state court in San Diego, adding yet another front to their bitter legal battle. Apple is being sued for breach of a contract that governs the use of software needed to make chips work with other parts of mobile phones and communicate with networks.

The two companies are embroiled in an escalating dispute over technology licensing fees that Qualcomm charges for patents that cover the basics of how mobile phone systems work. Apple says Qualcomm is unfairly charging too much and leveraging its strong market position in chips illegally. Qualcomm has countered that Apple, one of its largest customers, has lied to regulators in an unfair attempt to bully it into charging less.

Apple uses Qualcomm modems, chips that connect the iPhone to cellular networks. It widened its suppliers to include Intel for some versions of the iPhone beginning with the 7 model. Apple representatives didn’t immediately respond to requests seeking comment.

Qualcomm alleges in the latest suit that Apple failed to protect the chipmaker’s software and isn’t allowing an audit to review how the iPhone maker handles the software, an obligation that Qualcomm says is included in their contract. Apple made an email request for proprietary information from Qualcomm and included an Intel engineer on the distribution list, according to the suit. It also alleges an Apple engineer working with a competitor asked a colleague to request information from Qualcomm on data download technology.

The suit comes a few days after it emerged that Apple is designing iPhones and iPads for 2018 that don’t use components from Qualcomm, according to a person familiar with the matter. If Qualcomm loses that business, it would cut the company’s revenue by about 7.5 percent, Raymond James & Associates estimates. The product plans are in the early stages and may still change, said the person, who asked not to be identified because the matter is private. Apple made the decision amid a dispute over the iPhone maker’s access to the San Diego-based company’s proprietary technology, said people familiar with the matter.

Qualcomm shares were up 3.8 percent to $55.47 in New York trading after the company reported better-than-expected earnings Wednesday. Apple was little changed at $167.85 ahead of its financial results later in the day.

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November 02, 2017 trading report www.mse.mn

On November 02, 2017, 34,988 shares of 39 firms listed as Tier I, II, and III were traded. 12 firms’ shares increased in price, 10 decreased and 17 remained unchanged. Juulchin Gobi JSC /JGV/ was the top performer, increasing 14.08 percent, whereas Moninjbar JSC /MIB/ was the worst performer, decreasing 4.76 percent.

The MSE ALL Index increased by 0.65 percent to stand at 1,152.62 points. The MSE market cap stands at MNT 2,247,106,617,566.

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Investors start to trust in DBM www.montsame.mn

Ulaanbaatar /MONTSAME/ The National Statistical Office’s report on the social and economic situation of Mongolia in the first nine months has shown an economic recovery, having higher main economic indicators than the expectation.

Those include the payment balance matched to the indicator of the same period of 2011 or with profit of USD201 million, foreign trade balance grew up by USD 767 million since October 2015, having profit of USD 1.452 million, official reserve of foreign currency (as of the first eight months) raised to USD 1.6 billion--up by 43.2 per cent or USD 482 million since the beginning of the year. Moreover, the budget deficit lowered to MNT 737 billion, declining by 64 per cent compared to the same period of last year, while the USD official exchange rate against Mongolian Tugrik (MNT) weakened by one per cent since the beginning of this year, proving stabilization of Mongolian economy.

In addition, the Development Bank of Mongolia (DBM) independently withdrew a source of USD96.6 million from foreign banks and financial organizations in the third quarter of 2017 within its basic activities. By this action the DBM has augmented foreign currency inflow, providing the currency for domestic need at proper level and has given support to stabilize currency fluctuation as well as it has raised international investors’ trust in Mongolian Government. The DBM also has been working to back stable economic growth with its activities including having made additional source that had not been reflected in the budget in compliance with the Law on Debt Management.

The DBM will strive to support a stable economic growth of the country further through constantly broadening cooperation with international bank and financial organizations.

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Mongolian and EU sign agreement on establishment of delegation www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia-EU relations enter a new phase with the Framework Agreement on Partnership and Cooperation in force and the opening of EU Delegation in Mongolia.

On November 2, Minister of Foreign Affairs D.Tsogtbaatar and the EU Ambassador to Mongolia Hans Dietmar Schweisgut signed an Agreement on the Establishment and Privileges and Immunities of the Delegation of the European Union to Mongolia between the Government of Mongolia and the EU and the European Atomic Energy Community (EAEC) in the State House.

“The opening of the EU Delegation in Mongolia means that a new structure to ensure full implementation of the Framework Agreement has been created,” remarked Foreign Minister D.Tsogtbaatar, emphasizing the importance of the Delegation in further intensification of bilateral relations. “The opening of the EU Delegation is the outcome of diligent efforts of many diplomats from both sides,” he said.

The Minister of Foreign Affairs also expressed his appreciation towards the role and contribution of the EU and its member states in nurturing and sustaining democracy and human rights values in Mongolia. The Minister informed that he proposed to cooperate with the EU actively in promotion of SMEs during his meeting with the EU Ambassadors prior to the signing ceremony.

“For the EU, Mongolia is a like-minded partner, a country built on strong democratic potentials, sharing our values and protecting human rights,” remarked Ambassador Schweisgut following the ceremony. “Mongolia has also grown into a bright market economy, therefore we want to expand our relationship in all areas,” he added.

Ambassador Schweisgut stated that the EU looks forward, with the Delegation in Mongolia in cooperation with the Embassies of the EU Member States, to develop bilateral relationship further with focus on trade and investment areas. The Delegation will strengthen the EU's relationship with Mongolia, and is a sign of the EU's long-term commitment to the people of the country.

Ambassador Schweisgut is leading a group of more than 20 ambassadors and senior European diplomats from EU Member States to Mongolia on November 1-3 for their annual meeting with the Mongolian leadership as well as civil society representatives. The objective of these meetings is to take stock of relations between the EU and Mongolia, and to discuss how to strengthen, promote and extend the scope of cooperation between the parties.

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Kaspersky Lab detects virus that steals bitcoin & other cryptocurrencies www.rt.com

Russian cybersecurity company Kaspersky Lab said it has detected a new malware able to steal cryptocurrencies from users’ web wallets by replacing their address with that of its creator.
Cybercriminals are targeting digital currencies such as bitcoin, ethereum, zcash, dash, monero and others, according to the company. However, the maximum losses were borne by owners of bitcoin-wallets with nearly 23 bitcoins worth over $160,000 stolen. Sums stolen from other digital wallets are ranging from a few dollars to several thousand.

“Cryptocurrency is not a far-off technology anymore. Lately, we have observed an increase in malware attacks targeting different types of cryptocurrencies and we expect this trend to continue,” Sergey Yunakovsky, a malware analyst at Kaspersky Lab, said in a statement.

The new virus, named CryptoShuffler, activates itself when a targeted user attempts to transfer money from one wallet to another. The procedure requires the recipient’s wallet ID, which commonly consists of a long set of symbols and is impossible to memorize, making a user apply a copy-paste option.

Kaspersky to share threat intelligence with Interpol in ‘fight against cybercrime’ — RT World News
Kaspersky Lab signed a threat intelligence sharing deal with Interpol on Thursday, as the Russian cybersecurity firm continues its fight against US claims of being involved in spying activities.

The process involves copying wallets' numbers and pasting them into the “destination address” line of the software that is used to carry out a transaction. At that stage, CryptoShuffler starts to monitor the device's clipboard, utilized by a victim when making a payment.

The virus replaces the wallet with one owned by the creator, which means that a user pastes the wallet ID, not in the address they originally intended to send money to. As a result, a user transfers his or her money directly to cybercriminals, unless the user spots the sudden replacement.

 
 
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