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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Oyu Tolgoi releases Q3 2017 results setting three operational records www.ot.mn

Ulaanbaatar, Mongolia - Oyu Tolgoi today released the latest edition of its scorecard updating its performance for the third quarter of 2017.

The All Injury Frequency Rate personal safety measure was 0.25 per 200,000 hours worked in the third quarter, including operations and the underground project. Maintaining its focus on safety, Oyu Tolgoi invested in 174,179 hours of safety training across its workforce of over 11,000 employees and contractors over the period.

Oyu Tolgoi continued its world class environmental performance, achieving water use performance at 0.406 cubic metres of water per tonne of ore processed, and a recycling rate of 86.5 per cent – the best among its peers in the industry.

Over the quarter, Oyu Tolgoi continued its positive contribution to the Umnugobi region, and Mongolia overall, through tax and other payments, procurement activities and investment in sustainable development projects. National procurement spend reached US$234mn in the third quarter of 2017, tax payments US$120.5mn and, cumulative in-country spend between 2010, when major construction on the mine began, to the end of September 2017 crossed US$6.7bn.

Gobi Oyu Development Support Fund continued to support sustainable development projects in Umnugobi. An expansion of the Khanbogd Heating Plant commenced to further support improvements in facilities and infrastructure in the local community.

Q3’17 Production

During the third quarter, Oyu Tolgoi set three operational records for total material mined, ore treated and average daily concentrator throughput.

In Q3’17, material mined increased 9.0 per cent over Q2’17, and ore treated increased 10.1 per cent over Q2’17. During Q2’17, the concentrator underwent a scheduled maintenance shutdown. Average daily concentrator throughput for Q3’17 of 115,400 tonnes increased 8.9 per cent over Q2’17. Copper production in Q3’17 was essentially flat, compared to Q2’17, while Q3’17 gold production increased 29.2 per cent over Q2’17 due to higher head grades from the medium-grade stockpile and Phase 4A. Higher gold grades during Q3’17 resulted in a 26.1 per cent increase in gold sales compared to Q2’17.

Turquoise Hill expects Oyu Tolgoi to produce 130,000 to 160,000 tonnes of copper and 100,000 to 140,000 ounces of gold in concentrates for 2017. Open-pit operations are expected to mine in Phases 4 and 6 during the year. In addition, stockpiled ore will continue to be processed during 2017.

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Russia to invest billions of dollars in Saudi Arabia’s future megacity www.rt.com

Russia wants to be an investor in Saudi Arabia’s project to build the Neom megacity, which will be 33 times bigger than New York City. The project will be financed by the Saudi government and private investors and powered entirely by wind and solar energy.
"The Russian Direct Investment Fund (RDIF) wants to be a co-investor with other international funds. The Fund will attract leading Russian companies to invest in the creation of the city of Neom, thereby contributing to their high-tech expansion in the promising markets of Saudi Arabia and the entire Middle East," RDIF CEO Kirill Dmitriev told reporters on Thursday.

"We are talking about investments worth several billion dollars," he said. The day before, Dmitriev met the Saudi crown prince to discuss further investment cooperation between Russia and Saudi Arabia.

As part of the work on Neom, RDIF plans to attract leading Russian companies working in solar energy, health, artificial intelligence technologies, high-speed transport, and the construction of port infrastructure.

RDIF, which is already an investor in Hyperloop, said the technology can be successfully used in Neom.

According to Dmitriev, Russian companies could also help turn Neom into a hub for the export of Russian agricultural products to the Middle East.

"We believe the opportunity to work with the world's leading technology companies in such an interesting place, with the support of Crown Prince Mohammed bin Salman, is a very interesting proposal," he said.

The city will be powered entirely by wind and solar energy. Neom, which will focus on food, entertainment, biotechnology, etc., is an attempt by Saudi Arabia to diversify its revenue, which has slumped as oil prices collapsed in 2014.

The 26,500 square km (10,230 square miles) zone will be situated on Saudi Arabia’s border with Jordan and Egypt and will require $500 billion in investment.

The megacity is adjacent to the Red Sea and the Gulf of Aqaba and near maritime trade routes that use the Suez Canal.

“Neom is situated on one of the world’s most prominent economic arteries... Its strategic location will also facilitate the zone’s rapid emergence as a global hub that connects Asia, Europe, and Africa,” Prince Mohammed bin Salman said.

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China working on building free trade ports www.chinadaily.com.cn

BEIJING - The Ministry of Commerce is working on the building of free trade ports in China's free trade zones (FTZs), a spokesman said Thursday.

China will grant more power to pilot free trade zones and explore the opening of free trade ports, according to a key report delivered last week at the 19th National Congress of the Communist Party of China.

The ministry should "follow higher standards and push for more comprehensive and deeper opening up," spokesman Gao Feng said at a press conference Thursday.

"The ministry is currently working with Shanghai Municipality and other departments on making the plan [for building free trade ports]," Gao said.

The Shanghai FTZ will build a top-level free trade port and implement trade supervision regulations in accordance with higher standards, according to a document made public in March by the State Council.

The FTZ in East China's Zhejiang province also aims to build a high-standard pilot free trade port to push international commodity trade liberalization with a focus on oil products.

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Key Takeaways from "Invest Mongolia 2017 Ulaanbaatar" www.mongolianbusinessdatabase.com

Between September 4 and 5, Frontier LLC hosted the eleventh annual conference of Invest Mongolia at the Shangri-La Hotel, Ulaanbaatar. The conference was attended by 1100 participants, the largest number to date.

As in past years, Invest Mongolia 2017 brought together speakers from the public and private sectors, international experts and foreign investors. However, this year’s conference was even more significant than those in previous years because the Government of Mongolia was a co-organizer, resulting in substantial participation by government officials.
Panel discussions and presentations ranged far and wide, covering the economy, individual sectors and the political environment. Below, we summarize the key takeaways in six sections:

Macro Economic Policy
The Rule of Law and the investment climate
Mining Sector Strategy
Energy Policy
Transport Infrastructure
Finance and Banking Sector

 

Please click HERE to view Key Takeaways English version

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Copper prices fall www.mining.com

Copper prices fell 0.71 per cent to $6,993 a tonne during Wednesday’s midmorning trade.

Analysts say they were expecting such a dip following Tuesday’s rally when the red metal touched one-week highs and rose above $7,000 a tonne based on bullish Chinese import data.

In fact, SHFE copper, the most-traded copper contract on the Shanghai Futures Exchange, closed down 1.28 per cent at 54,590 yuan ($8,220.27) per tonne.

The overall drop is also attributable to investors getting calmer once China's National Communist Party Congress concluded with the announcement that President Xi Jinping will remain in power and few immediate changes should take place in the realm of economic policy.

Dragging on prices were also data from Chilean mining association Sonami. According to the organization, the 2018 copper output from the South American country will rise 7 per cent year-over-year.

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'Golden Arches': McDonald's gets new China name following unit sale www.reuters.com

SHANGHAI (Reuters) - U.S. fast food giant McDonald’s Corp (MCD.N) is getting a name change in China - at least on paper.

The firm will change its registered business name to “Golden Arches (China) Co Ltd”, a spokeswoman confirmed to Reuters on Thursday, adding though that its brand name in China - a transliteration of McDonald’s - would be unchanged.

The shift comes after the chain agreed earlier in the year to sell most of its China and Hong Kong business to CITIC Ltd (0267.HK) and Carlyle Group (CG.O). The business plans to nearly double the number of its outlets in mainland China to 4,500 by 2022.

“It will still be clearly ‘McDonald‘s’ when diners come to our stores,” the chain said on its official China microblog.

“Our restaurant name will remain the same, the change is only at business license level,” spokeswoman Regina Hui added in emailed comments to Reuters. She declined to comment further on the reason for the change.

McDonald’s in China and Hong Kong is 52 percent owned by CITIC, while Carlyle has a 28 percent stake. McDonald’s itself retains a 20 percent interest in the business.

The structure is aimed at improving sales at existing stores and expanding outlets. Fast-food firms including McDonald’s and rival Yum China’s (YUMC.N) KFC are bouncing back from a series of food-supply scandals in China that had dented performance.

McDonald’s reported robust sales on Tuesday, including better-than-expected growth in the United States and strong performances in Canada, Britain and China.

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October 25, 2017 trading report www.mse.mn

On October 25, 2017, 162,162 shares of 27 firms listed as Tier I, II, and III were traded. 7 firms’ shares increased in price, 18 decreased and 2 remained unchanged. Mongol Savhi JSC /UYN/ was the top performer, increasing 8.36 percent, whereas Kherlen Carpet JSC /HRL/ was the worst performer, decreasing 12.19 percent.

On the secondary market for government securities, 137,974 bonds worth MNT13.6 billion were traded.

The MSE ALL Index decrease 0.34 percent to stand at 1,140.82. The MSE market cap stands at MNT 2,223,658,418,161.

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-DI Above +DI on Shares of Mongolia Holdings Inc (MNHD) www.stockpressdaily.com

Focusing in closer on shares of Mongolia Holdings Inc (MNHD), we have seen that the Minus Directional Indicator is presently above the Plus Directional Indicator. Traders tracking these indicators might be looking for the stock to be gaining bearish momentum.

At the time of writing, the 14-day ADX for Mongolia Holdings Inc (MNHD) is 7.20. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading 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.

Traders watching the charts on Mongolia Holdings Inc (MNHD) may be interested in viewing the RSI. In terms of Relative Strength Index, the 14-day RSI is currently sitting at 38.59, the 7-day is 24.95, and the 3-day is spotted at 3.64. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.

Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, Mongolia Holdings Inc (MNHD) has a 14-day Commodity Channel Index (CCI) of -118.78. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Technical analysts may be interested in how Mongolia Holdings Inc (MNHD) is trading in relation to some moving averages. Presently, the 200-day MA is resting at 0.19, and the 50-day is 0.08. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader calculate reliable support and resistance levels for the stock.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Mongolia Holdings Inc (MNHD) is currently sitting at 0.01. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

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Government proposes to allocate allowance of MNT 300 thousand to all state servants www.montsame.mn

Ulaanbaatar /MONTSAME/ The Government has reached to agreement with the International Monetary Fund on allocating single-benefit allowance of MNT 300 thousand to each 192 thousand state servants.

On October 24, the Parliamentary Standing Committee on Budget discussed a draft amendment to the law on the 2017 Budget and Finance Minister Ch.Khurelbaatar said MNT 55 billion will be required for the allowance.

“Salary and premium of state servants cannot be raised until 2019 according to an agreement with the IMF. However we reached to agreement with the IMF on the single-benefit allowance allocation as state servants salary has not been raised since 2014, while the inflation rate has grown up drastically. We intend to hold talks further with the IMF on state servants’ salary and premium”.

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Mongolia : Technical Assistance Report-Report on the Prices Statistics Mission www.imf.org

In response to a request from the National Statistics Office of Mongolia (NSOM), a technical assistance mission visited Ulaanbaatar, Mongolia during April 17–28, 2017, to provide assistance with updating and improving the Consumer Price Index (CPI) and the Industrial Producer Price Index (IPPI). The mission also provided advice on the Restaurant Index and Export Import Unit Value Indexes (XMUVI), and reviewed the index compilation system used by the NSOM. The mission found the CPI’s expenditure weights were likely to overstate the significance of automobiles and motorcycles as they include secondhand purchases from other households. The next Household Income and Expenditure Survey (HIES) must identify these purchases so that the weights reflect net household expenditure by excluding transactions between households. The mission also recommends an adjustment to the expenditure shares in the updated CPI based on alternative data sources and improvements to the compilation procedure used to estimate the monthly price change for automobiles and motorcycles.

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