1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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UB administration seeks partner in bike rental project www.montsame.mn

Ulaanbaatar /MONTSAME/ The capital city administration is looking for an organization to cooperate on its ‘UBIKE’ or Bike Rental Service project.

The administration is working towards introduction of bike rental service in Ulaanbaatar, following the examples of major cities around the world.

Individuals and entities interested in working on the project will have to submit their plan to the Mayor’s Office until March 1. The plan should cover aspects including the number of bicycles, location, technical solution, quality and technical indicators of the rental bicycles, rental payment value, introduction of monitoring system, maintenance service and operations and finance.
Kh.Aminaa

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Neil Saker: Mongolia should increase personal development investments www.montsame.mn

Ulaanbaatar /MONTSAME/ Central bank of Mongolia developed the ‘Ulaanbaatar consonance’ project to develop mid and long term policies on ensuring Mongolia’s economic growth. A discussion was organized by the Bank of Mongolia in order to include suggestions from banks and financial organizations in the project.

The project has 8 fundamental principles based on Mongolia’s features and experiences of developed countries and reflects major government actions for sustainable economic growth, said the director of Research and Statistics Department of the Bank of Mongolia, D.Gan-Ochir.

“Mongolia must conduct a proper budget policy. In other words, the Government should invest revenue from mining and other sectors in personal and infrastructure development. It is extremely important to improve human development or the people’s education. Educated people will work in multiple sectors developing multi-pillar economy. In addition, the exchange rate policy must be flexible. This will allow to overcome any exchange rate related difficulties with minimal loss. On the other hand, employment should be increased. Mongolia must have a fair multiple tax system to eliminate income difference. Generally the project presented today includes all of the above mentioned. So we’ll support the project” said the IMF Resident Representative for Mongolia, Neil Saker.

The suggestions and conclusions made by the professional organizations during the discussion will be included in the ‘Ulaanbaatar consonance’ project and submitted to decision makers.

B.Misheel

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Revenue of MNT223.4 billion to come from oil export in 2018 www.montsame.mn

Ulaanbaatar/MONTSAME/ On February 12, the Ministry of Mining and Heavy Industry called a regular press briefing ‘Transparent and Accountable Mining’.

At the press conference, the Mining and Heavy Industry Minister D.Sumiyabazar briefed about last year’s report on the sector and plans for 2018.

For instance, the Mineral Resources and Petroleum Authority expects to accumulate MNT291.8 billion at the state budget in 2018, of which MNT223.4 billion will come from oil export. As of January, 2018 the sector accumulated MNT21.9 billion, of which MNT19.2 billion came from oil export.

In 2018, it is planned to extract 8.1 million barrel or 1.1 million tons oil, accumulating MNT223.4 billion at the state budget. As of February 1, 2018, it has extracted 616.8 thousand barrel or 83.6 thousand tons of oil, with a 7.6 percent fulfillment of the plan. Moreover, 558.2 thousand barrel or 75.7 thousand tons oil were exported. The oil export in January brought MNT19.2 billion to the state budget.

In addition, the Minister said that Mongolia has a reserve of oil products equal to 38-days’ consumption by February 5, 2018.

M.Unurzul

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The stock exchange regulations revised www.montsame.mn

Ulaanbaatar /MONTSAME/ The Financial Regulatory Commission has approved the revised version of the ‘Regulation on Security registration’, ‘Regulation on Security index calculation’ and the ‘Trading Regulation’ of the ‘Mongolian Stock Exchange’, State-owned joint stock company.

The revised Regulation on Security registration has improved the regulation of double registration of securities and made registration process accord with the international common practice. It is notable that major reforms have been made n the Regulation on Security index calculation including detailed regulation of the index calculator and classification index calculation.

The Securities trading regulation has amendments such as defining closing price at the weighted average trading over the last one-hour to make the closing price more realistic.

The revised and amended regulations will be effective from February 19.
B.Misheel

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China's steel industry improves as capacity reduction pays off www.chinadaily.com.cn

BEIJING - China's steel industry posted higher prices and better profits last year as a result of progress made in reducing excessive capacity, according to the Ministry of Industry and Information Technology (MIIT).

The steel price index came in at 121.8 at the end of December, up 22.4 percent from the beginning of 2017, the MIIT said.

It attributed the increase to cutting overcapacity, a ban on low-quality steel, production restrictions during winter, and recovering market demand.

China slashed its crude steel production capacity by more than 50 million tons in 2017, exceeding its annual target, as part of efforts to improve the competitiveness of the bloated sector.

The country also phased out the production of 140 million tons of low-quality steel made from scrap metal last year.

The industry's profitability improved, with major steel producers' profits surging 613.6 percent, the MIIT cited data from the China Iron and Steel Association as saying.

Despite the improvement, the MIIT warned of more difficulties in further capacity reduction as the increased profits may lure some producers to launch new projects.

China plans to eliminate 100 million to 150 million tons of crude steel capacity in the five years from 2016.

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Bitcoin will not recover until panic recedes - analysts www.rt.com

The fear that has gripped the cryptocurrency market is keeping bitcoin and other digital coins from making new gains, according to analysts polled by RT.

“Growth will not happen until the current panic recedes, and this may take weeks and months,” Mikhail Mashchenko, an analyst at social network for investors eToro, told RT.

"Those who want to invest in the cryptocurrencies may try to start opening positions on it. At least, it is much more reasonable than waiting for the return of the exchange rate to its maximum highs.”

The last week’s sell-off was partially triggered by a panic on the US stock markets, since venture capital like bitcoin and other cryptocurrencies is the first thing investors jettison when turbulence occurs in traditional markets, he added.

Nikolay Kotov, analyst at Analitika Online, told RT that current prices represent a good opportunity to buy bitcoin, since this year’s sell-off is not the first tough period for digital assets.

“The history of stock markets repeats itself. It is unprofessional to draw conclusions because of the bearish candle in BTC/USD pair. Personally, I buy bitcoin and ethereum and take long-term positions with targets 33 percent higher than previous local highs,” Kotov said.

Bitcoin and other cryptocurrencies were recovering strongly on Monday. The leading cryptocurrency surged almost 10 percent to $8,700, ethereum jumped 8.5 percent to $870, and ripple surged 13 percent to $1.10. All of the top 100 cryptocurrencies on Coinmarketcap were trading in positive territory.

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Tavan Tolgoi JSC gained MNT 141 billion profit in 2017 www.montsame.mn

Ulaanbaatar /MONTSAME/ Tavan Tolgoi JSC, listed on Mongolian Stock Exchange released 2017 financial report.

According to the report, the company earned sales revenue of MNT 428 billion in 2017, 2.4 times high compared to 2016.

MNT 48 billion was paid to income tax and the company had MNT 141 billion net profit.

In 2016 the company distributed 85 percent or MNT 45.9 billion of its net profit in the form of dividents which means MNT 872 in per share.

In addition the company's market cap reached MNT 563 billion and set the record in the Mongolian Stock Exchange with MNT 1.4 million per stock and dividend of MNT 130 thousand per share in 2011.


B.Batchimeg

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Forum ‘Road and Belt Initiative and a possibility in Mongolia’ to run www.montsame.mn

Ulaanbaatar/MONTSAME/ The Economic Cooperation Society of Mongolia and Chinese National Association of Industry and Commerce will jointly organize a forum ‘Belt and Road Initiative and a possibility in Mongolia’ on March 18-21 in Beijing.

More than 90 state-owned and private companies of China confirmed their participation in the forum. In detail, Chinese companies expressed their interest to invest in agriculture, animal husbandry, farming, infrastructure construction, energy, power plant, nature conservation and rehabilitation, a comprehensive service of environment, renewable energy, tourism, metallurgy, information technology, mining, coal, international freight forwarding, production of chemical and construction materials, construction of industrial park, production of equipment as well as other sectors of Mongolia.

Until March 2, a registration is available for businesspersons who want to take part in the forum and look for investment-a partner of cooperation in abovementioned sectors.

M.Unurzul

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LendMN to offer an IPO www.gogo.mn

The Financial Regulatory Commission reported last week that it registered 800 million shares of the non-banking financial institution LendMN for 100 MNT per share.

LendMN gave a presentation about securities on February 9, at the Mongolian Stock Exchange. LendMN will offer 25 percent of the company’s shares through an IPO.

The company expects to raise five billion MNT from individual buyers and other investors through the MSE trade, and will spend the money on expanding its operations.

Applications for buying the securities will open on February 21, and close on March 7. LendMN introduced its financial technology in 2016, and they provide loans without collateral through a mobile application.

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Foreign trade volume increased by 14.7 in January www.gogo.mn

As of January 2018, foreign trade volume increased by 14.7 percent compared to January 2017, and reached 785 million USD.

The balance of foreign trade saw a positive outcome, with exports exceeding imports by 62.7 million USD.

Mineral products made up 83 percent of the 423.8 million USD in exports, with 6.4 percent including precious stones and metals. China received 88.5 percent of Mongolia's export products, while Russia received 1.2 percent.

Import volume increased by 30 percent over 2017, reaching 360 million USD. With the Lunar New Year approaching, imports of food and plastic items tend to increase.

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