1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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

64x64

Mongolian mortgage lending decreasing www.news.mn

The issuing of mortgage loans has been decreasing. According to a statement by the Central Bank of Mongolia, banks issued a total of MNT 203.2 billion in mortgage loans to 2724 new borrowers in the first nine months of 2018. A total of MNT 115 billion for financing of mortgage loans in the 2019 State Budget will be available for a narrow group of 1150 borrowers.

When the Democratic Party was in power, over 90,000 people received mortgage loans in 2013-2014 under the Price Stabilising Programme implemented by the Bank of Mongolia.

Currently, a total of 270 thousand households live in Ulaanbaatar’s ger districts; 60 percent of them can afford participate in the mortgage programme: at the same time there are 34 thousand apartments which are standing empty and cannot be sold.

...


64x64

‘Fuel importer’ father and son arrested www.news.mn

Mongolian police arrested R.Ganzorig, executive director of ‘Magnai Trade’, also known as the MT fuel importing company, along with his son on 8 October. They were released by decision of the First Court yesterday (9 October) after their lawyer made a complaint.

According to a police source, they are being investigated for money laundering and fraud.

Their arrest came after fuel prices increased by MNT 50-250 in Mongolia; ‘Magnai Trade’ is one of the country’s biggest fuel importers.

...


64x64

Flour producers to be granted discounted loan on wheat purchase www.zgm.mn

Chief of Cabinet Secretariat Zandanshatar Gombojav presented the results of Prime Minister Khurelsukh Ukhnaa’s visit to Tuv, Selenge and Darkhan-Uul aimags during the Cabinet meeting yesterday and ordered to study the opportunities to grant interest rate discount to flour producers on wheat purchase. In case a situation emerges to set quota on wheat and flour imports, the Cabinet decided to favor domestic flour production. Related ministers were also ordered to involve greenhouse farmers to the nighttime electricity tariff discount, enable rail transport to grain and increase the number of harvest trucks. Furthermore, the Cabinet resolved to repair the harvest route road of Selenge aimag from the Government’s reserve fund and mobilize military units for harvesting. Minister of Health Sarangerel Davaajantsan will be responsible for funding the current and fixed costs steered from the increased workplaces following the completion of Health Care Center expansion of Bayangol soum, Selenge aimag.

ADVANCE PASSENGER PROCESSING TO BE INSTALLED AT NEW AIRPORT

Later on, the Cabinet decided to install the Advance Passenger Processing (APP) system at the new airport in Khushig Valley. Officials viewed that APP will improve border inspections, information exchange of public bodies and national capacity to fight against terrorism. The APP confirms the passenger’s information from the Wanted Persons List of Interpol, No Fly List and other databases, such as visa, and send the information to local law enforcers within three seconds once the passenger purchases the flight ticket. The system is used in over 70 countries around the globe.

COMPLETION OF GOVERNMENT ACTION PROGRAM STANDS AT 47 PERCENT

As of the first half of this year, the completion of the Government’s Action Plan for 2016-2020 stood at 47.2 percent.

Particularly: Policy on Overcoming Economic Difficulties-55 percent;

Policy on Sustainable Economic Growth-39.8 percent;

Social Policy-46.5 percent;

Environmental and Green Development Policy-44.1 percent;

Governance Policy - 49.7 percent

All government bodies were ordered to intensify the sluggish actions and complete the target level by the end of this year. Additionally, actions that are slowing due to lack of investment will be financed from the state budget, foreign loan aids, as well as private sector investment.

...


64x64

IMF's Lagarde warns trade, currency wars could be detrimental for growth www.reuters.com

NUSA DUA, Indonesia (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt “innocent bystanders.”

Lagarde urged countries to “de-escalate” trade frictions and fix global trading rules, rather than abandon them.

“We certainly hope we don’t move in either direction of a trade war or a currency war. It will be detrimental on both accounts for all participants, Lagarde told a news conference during the annual meetings of the IMF and World Bank in Indonesian resort island of Bali.

“And there would also be lots of innocent bystanders.”

China and the United States have slapped tit-for-tat tariffs over the past few months, rattling financial markets as investors worried the escalating trade war could knock global trade and investment.

On recent yuan declines, Lagarde said they were mainly driven by the strength of the dollar, noting that it has not depreciated as much against a basket of currencies.

“We’re seeing more and more countries, China included, let their currencies fluctuate,” Lagarde said.

The yuan currency CNY=CFXS has faced strong selling pressure this year, losing over 8 percent between March and August at the height of market worries, though it has since pared losses as authorities stepped up support.

A U.S. Treasury official on Monday repeated that the Trump administration was concerned about the yuan’s recent weakening as the department prepares a semi-annual report on currency manipulation due out next week.

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected.

“We have supported the move of China toward (currency) flexibility,” she said, adding that the IMF has encouraged Chinese authorities to “go down that path.”

Lagarde urged China to follow through on the IMF’s recommendation to continue moving toward a system that allows the yuan to move flexibly.

She declined to comment on the recent market rout, but said U.S. equities and overall stock prices “in general have been extremely high.”

Additional reporting by Yawen Chen; Editing by Shri Navaratnam

...


64x64

IndustriALL and Rio Tinto conduct joint mission at Oyu Tolgoi mine in Mongolia www.industriall-union.org

Global social dialogue between IndustriALL Global Union and Rio Tinto took a significant step forward when both parties undertook a joint mission to Rio Tinto’s massive Oyu Tolgoi copper and gold operations and underground expansion in the remote South Gobi desert of Mongolia.

The joint mission took place from the 17th - 22nd September 2018. Michael Gavin, Rio Tinto’s group head of employee relations, and Glen Mpufane, IndustriALL’s mining director, led their respective delegations. The IndustriALL delegation included regional staff, representatives of local unions, and journalists from Dagens Arbete, the magazine of Swedish affiliate IF Metal.

A major objective of the mission was to evaluate Rio Tinto’s environmental, social and governance strategies. The operation has not been without controversy. During the mission, consultation was held with the herder community and their elders, the local community, the governor of Khanbogd sum, permanent and contractor employees, and NGOs critical of the operation.

Mongolia is richly endowed in natural resources and is heavily dependent on mining for its economic prospects. Oyu Tolgoi is the jewel in Rio Tinto’s crown, providing the company with an opportunity to demonstrate its commitment to responsible mining. Rio Tinto took the opportunity provided by the results of the Responsible Mining Index (RMI) to invite IndustriALL to Oyu Tolgoi.

IndustriALL participates in the RMI, which defines responsible mining as “…mining that demonstrably respects the interests of people and the environment, and contributes discernibly and fairly to broad economic development of the producing country.” Rio Tinto achieved one of the ten strongest results in four different areas: economic development, business conduct, working conditions and environmental responsibility.

IndustriALL held a workshop with Mongolian affiliate, the Federation of Energy, Geology and Mining Workers' Unions, for the leadership and over 40 representative shop stewards.

There are 16,117 workers at Oyu Tolgoi, split between a permanent Mongolian workforce of about 3,000 and a largely Mongolian and expatriate contractor workforce, involved in the underground expansion project. A major skills transfer from expatriates to Mongolians is a defining feature of skills development and training.

A large percentage of the Mongolian contracted workforce is set to be made permanent when the underground production comes on line. Evidence of the skills transfer is the large percentage of women operating massive hauling trucks at the open pit mine, and Mongolians holding critical senior management positions.

Glen Mpufane observed:

“The social license to operate is not a given, but must be earned, through transparency and trust in dialogue. Responsible mining is the pathway to obtaining that license”.

The conversation with Rio Tinto over its sustainability performance continues to include other global operations, for example QMM in Madagascar, RBM in South Africa, and the Rössing Uranium mine in Namibia.

...


64x64

ADB Project to Support Improved Water Governance in Mongolia www.finchannel.com

The FINANCIAL -- The Asian Development Bank (ADB) and the Government of Mongolia marked the beginning of a $1.4 million technical assistance project with a workshop aimed to strengthen water governance at the river basin level and scale up lessons learned for application across Mongolia.A total of 70 people attended the workshop in Ulaanbaatar, including Ministry of Environment and Tourism Director General Ms. Bulgan Tumendemberel.

The technical assistance project will help strengthen water governance and river basin water planning in Mongolia, empowering authorities to address water challenges and improve decision making on strategic investments necessary to support growth, health, and the well-being of communities.

The Government of Mongolia, through the Ministry of Environment and Tourism, will help develop the capacity of the river basin council and river basin authority, as well as other key stakeholders to manage water resources better through environmentally sustainable and disaster resilience efforts.

The technical assistance project is funded by the Japan Fund for Poverty Reduction (JFPR) and the High-Level Technology (HLT) Fund. Financed by the Government of Japan, JFPR was established in May 2000, providing direct grant assistance to the poorest and most vulnerable groups of ADB’s developing member countries while fostering long-term social and economic development. Over the past 17 years, JFPR has supported over 48 projects in Mongolia dealing with poverty alleviation, livelihoods, and the environment.

Since its inception in 2017, the HLT Fund has been providing grant support to 15 projects, including three in Mongolia. It seeks to address various development challenges in ADB’s developing member countries by promoting the integration of technology and innovative solutions into ADB-financed and administered projects.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

...


64x64

Mongolia hikes gasoline, diesel prices amid tugrik depreciation www.xinhuanet.com

ULAN BATOR, Oct. 9 (Xinhua) -- Mongolian oil importers have hiked the retail prices of gasoline and diesel from Saturday amid a rapid depreciation of the country's national currency the tugrik against the U.S. dollar.

Main Mongolian oil importing companies, including Shunkhlai LLC and Magnai Trade LLC have raised their retail prices of gasoline and diesel by 50-250 Mongolian tugriks (0.02-0.10 U.S. dollars) per liter, local media reported on Tuesday citing the Mongolian Petroleum Consumer's Association.

Currently, the retail price for a liter of gasoline brands AI-92 and AI-95 in Mongolia is at 1,890 and 2,220 Mongolian tugriks (0.74 and 0.87 U.S. dollars), respectively. The diesel fuel in the country is at a cost of 2,250 Mongolian tugriks (0.88 U.S. dollars) per liter.

The importers have raised the retail prices of both gasoline and diesel for the third time so far this year.

The latest hike is directly related to the depreciation of the tugrik against the U.S. dollar, according to oil importing companies.

The U.S. dollar exchange rate against the tugrik has reached a historical high in the past few days, with the exchange rate standing at more than 2550.

According to governmental data, the East Asian country imported nearly 1.5 million tons of oil products last year.

...


64x64

War on coal is heating up, but China is still the key www.reuters.com

LAUNCESTON, Australia, Oct 9 (Reuters) – Coal-fired power has to end by 2050 to save the planet. That seemingly simple but bold sentiment is likely to set much of the political, social and economic agenda for the coming decades, but in the end it will come down to what China does.

The United Nations Intergovernmental Panel on Climate Change (IPCC) said in a report on Monday that "unprecedented" changes will have to take place to limit the rise in the Earth's temperature to 1.5 degrees Celsius (2.7 degrees Fahrenheit), warning of devastating weather events and species loss if the target is exceeded.

In order to achieve the goal, the IPCC said coal burning would have to drop to between zero and 2 percent by 2050, while even natural gas, coupled with carbon capture and storage (CCS), would have to decline to 8 percent of electricity generation by the middle of this century.

While coal has long been the bogeyman of climate activists, the IPCC has effectively thrown down the gauntlet and given world leaders a little over 30 years to phase it out entirely.
Initial reaction to the IPCC report has been predictable, with supporters of renewable energy cheering it, and backers of fossil fuels resorting to the familiar arguments that somehow the science is either wrong or a hoax.

Australia's Environment Minister Melissa Price told ABC radio on Tuesday that the IPCC was "drawing a long bow" by calling for an end to coal by 2050, and touted new technologies as a way of saving the polluting fuel.

Australia is the world's largest exporter of coal and relies on the fuel for more than 70 percent of its electricity generation.

Price isn't alone in touting CCS and other technologies, with the World Coal Association responding to the IPCC report by saying in a statement on its website that CCS is "vital" and that the coal lobby group will push for it to be adopted.

However, elsewhere on the group's website it acknowledges that currently progress of CCS "is too slow to allow necessary emissions reductions goals to be achieved".

Its solution is to spend more on research and development. But it's here that the coal lobby will run into problems.

Already renewable technologies, which have benefited from subsidies, are becoming cheaper than conventional coal-fired power generation, a trend likely to continue.

Coal-fired generation with CCS would likely require huge subsidies in order to be cost-competitive and selling such largesse with public money will be incredibly hard for governments in democracies.

It's therefore likely that the scenario currently being played out in Europe will be extended to other parts of the world, with coal-fired power being replaced by a combination of renewables, battery storage, gas-fired back-up and even nuclear.

Coal will further be hamstrung by the flight of capital from the sector, with commercial and development banks, insurers and trading companies starting to retreat from financing and insuring mines and power plants.

Debate should switch to Asia
While it's likely that the developed world will witness ongoing bitter debates over policy toward fossil fuels, the actual key to the IPCC target is China, and to a lesser extent the rest of developing Asia.

China is the world's largest producer, consumer and importer of coal and any genuine attempt to remove coal from the world's energy mix by 2050 will require massive commitment from Beijing.
While the Chinese government has a policy of limiting the use of coal and of boosting the use of renewables and natural gas, it's well within the realms of wishful thinking to imagine the world's second-largest economy is on track to abandon the use of coal by 2050.

According to the Global Coal Plant Tracker, China currently has 957 gigawatts (GW) of coal-fired power operating – more than four times India's 219 GW.

The positive news for both China and India, the world's second-biggest coal importer, is that the pipeline of coal-fired plant construction has been consistently shrinking and retirements of older units has been accelerating.

But given that once built, coal-fired plants generally operate for at least 30 years, it would be imperative that virtually all construction is halted now, and no new plants commissioned.

In reality, China currently has 126 GW of coal-fired power in construction and 76 GW either announced, in pre-permit phase or with permits already in place. India has 39 GW being built and 63 GW in the approval process.

There are also new coal plants being built or planned in numerous other Asian countries, including Indonesia, Pakistan and the Philippines.

What the IPCC report may do is accelerate pressure on those countries to re-think their power generation plans, especially if renewables can be shown to be as cheap and as reliable.

It's also likely that any technological advances in energy in the next decades will not be in favour of coal, given that vast sums are being invested in renewables and comparatively little in CCS or other coal-friendly technologies.

The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.

Natural gas also tends to get off lightly in much of the media reporting about climate change, especially given the obvious target of coal.

But like silent flatulence in an elevator, eventually natural gas will be unable to avoid the attention that is making life so difficult for the coal industry.

(By Clyde Russell; Editing by Kenneth Maxwell)

...


64x64

Global coal mining industry sees compound annual growth www.mining.com

The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022, according to a coal mining report published by Technavio.

Technavio states the industry is largely driven by coal requirements and a rise in electricity generation, and has seen an overwhelming response due to an increase in mining techniques and developing coalmine sites.

The global market is witnessing upward traction as the industry scope is exhibiting vast labor, but market challenges such as illegal possession, fraud and government policies are obstacles.

While the industry is segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa, Asia-Pacific's industry is the most lucrative market, due to high population rates and heavy dependence on coal energy.

The report identifies key industry players: Arch Coal Inc, Consol Energy Inc, Cloud Peak Energy, Coal India Ltd, BHP Billiton Ltd, Rio Tinto Group, ShenHua Group, China Coal Energy Co Ltd and Peabody Energy Corporation.

The European market is home to several mining industries with extraction and refinery processes at large, while the North American industry thrives owing to a rise in sources of energy. The report maintains a key market driver is bettering electricity technology.

...


64x64

Delegates of Asia Pacific Telecommunity convening in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ The 42nd Session of the Management Committee of the Asia-Pacific Telecommunity (APT) is being held in Ulaanbaatar on October 9-12. Over 100 high-ranking officials of public and private organizations in ICT sector of APT member countries are taking part in the event.

The session aims to overview the organization’s operational and financial performance in 2018 and to approve a strategic plan for the year of 2019-2020. Moreover, reports of APT preparatory groups for Plenipotentiary Conference of the International Telecommunication Union and World Radiocommunication Conference will be discussed along with a number of important matters including preparation for the Asia-Pacific ICT Ministerial Meeting in 2019 and the celebration of the 40th anniversary of the APT. The delegates also make decision on the date and place of the 43rd Session of the Management Committee of the APT.

...