1 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      2 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      3 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      4 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      5 BIOGRAPHY OF TAVAN TOLGOI RESIDUAL COAL DEPOSITS WWW.ZGM.MN PUBLISHED:2018/07/16      6 NAGOYA BASHO LOSES LAST OF THREE YOKOZUNAS WWW.MONTSAME.MN PUBLISHED:2018/07/16      7 CHINA'S GDP HITS 6.7% IN Q2 OF 2018 WWW.CHINADAILY.COM.CN PUBLISHED:2018/07/16      8 US-CHINA TRADE WAR DIMS BRIGHT FUTURE FOR SEMICONDUCTORS WWW.ASIA.NIKKEI.COM PUBLISHED:2018/07/16      9 RIGHTS GROUPS URGE BETTER TREATMENT FOR MONGOLIA CHILD JOCKEYS WWW.REUTERS.COM PUBLISHED:2018/07/16      10 TPP CHIEF NEGOTIATORS TO MEET IN JAPAN WWW.NHK.OR.JP PUBLISHED:2018/07/16      МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16     1,5-2 САЯ ТӨГРӨГИЙН ЦАЛИНТАЙ ЖОЛООЧИЙН АЖЛЫН БАЙРНЫ БҮРТГЭЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2018/07/16     ОЛОН МЯНГАН НИСЭХ ОНГОЦ ШИНЭЭР ҮЙЛДВЭРЛЭХ ШААРДЛАГАТАЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     КРИПТОВАЛЮТЫН ТАЛААРХ ХОРООНЫ БАЙР СУУРЬ ХЭВЭЭРЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/16     ОРОСЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТӨД ДАШТ-2018 НӨЛӨӨЛӨХ НЬ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     ЗҮҮН ӨМНӨД АЗИ ХАНШАА ХАМГААЛЖ ЭХЛЭВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/16     АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРААС 400 ГАРУЙ САЯ ДОЛЛАР ОЛЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/16     МОНГОЛЫН ЭДИЙН ЗАСГИЙН БҮТЭЦ ЭМЗЭГ ХЭВЭЭР БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/10     МОНГОЛ, ВЬЕТНАМЫН ГАДААД ХАРИЛЦААНЫ ЯАМ ХООРОНДЫН ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/10    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Minister of Defence pays official visit to China www.montsame.mn

Beijing /MONTSAME/ Minister of Defence of Mongolia N.Enkhbold is paying an official visit to the People’s Republic of China at the invitation of the Minister of National Defence and the State Councilor of China Wei Fenghe on May 24-29.

On May 25, Ministers of the two countries signed on a grant agreement from National Defence Ministry of China to the Ministry of Defence of Mongolia.

Later, Vice Chairman of CPC Central Military Commission Xu Qiliang received Minister N.Enkhbold and the parties stressed the successful development of bilateral cooperation in defence sector.

Defence Ministries of the two countries have been developing the bilateral cooperation over the years. In 2013, a cooperation agreement in military and technical fields was concluded between the Governments. Under this agreement, Mongolian military servants have been studying at Military Universities of China and the Ministry of National Defense of China has provided financial assistance to the Ministry of Defense of Mongolia. In 1996-2014 over 260 Mongolian military servants were educated at the universities of Beijing, Shanghai and Nanjing.

Moreover, the parties conducted multilateral military trainings in the two countries since 2009. Officials said that it has not only a good influence on friendly relations between the two countries, but also a big contribution to the regional peacekeeping and global peacebuilding operations.

B.Misheel

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Mongolia to launch IPO for 30 percent of Tavan Tolgoi project www.news.mn

The parliamentary group of Mongolian People’s Party (MPP) held a meeting concerning the Tavan Tolgoi coal mining project earlier today (28 May). The parliamentary groups hold meeting on every Monday; however, on this occasion the meeting of the group of the Mongolian Democratic Party did not take place.

Last week, the MPP group backed an idea for launching an Initial Public Offereing (IPO) for 30 percent of the Tavan Tolgoi project. Subsequently, the Cabinet has demanded detailed bill over the Tavan Tolgoi project.

Mongolian People’s party won majority of seats in parliamentary election in July, 2016 which allows the party to make decision by own. Mongolia is planning to bring back to life the long-delayed and massive Tavan Tolgoi coal project.

Located in the South Gobi desert, Tavan Tolgoi is home to the world’s largest high-quality coking coal deposit used in steelmaking, with reserves estimated in 7.5 billion tonnes. According to the Mongolian government, the country’s untapped mineral wealth is worth about USD 1.3 trillion.

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Mongolia to construct second solar power plant www.news.mn

Japan's electronics giant Sharp Corp. is to build Mongolia's second megawatt-level solar power plant in the country's northern province of Darkhan-Uul. Sharp will build the plant together with local Mongolian partner Darkhan-Selenge Electric Distribution Network LLC.

According to the office of the provincial governor, the construction of the 20 megawatts solar power plant will begin in the second half of this year. The project will be completed by the third quarter of 2019.

The project will reduce carbon emissions by around 25,000 tons and save up to 355 million liters of water annually.

Mongolia enjoys more than 250 days of sunshine a year. Meanwhile, the country's renewable capacity nearly doubled last year, reaching 155 MW, the Ministry of Energy said.

The Japanese electronics producer installed Mongolia's first large solar power plant, with a capacity of 10 MW, in the province in January 2017. The country's second wind farm, the 50 MW Tsetsii Wind Farm, also opened in October of last year.

Mongolia seeks to provide sufficient heat and electricity for its population, especially in rural areas, and renewable energy projects are seen as a possible solution.

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Rosneft signs long-term contracts for oil product supply to Mongolia www.news.mn

Russia’s Rosneft has signed several long-term contracts for the supply of gasoline and diesel fuel with 12 Mongolian importers at the St. Petersburg International Economic Forum, the company said in a statement.

'The oil products will be sold to 12 consumers, including the owners of major retail site networks such as NIK KOO, Magnay Trade KOO, Oin Birge KOO, and Sod Mongol Group by the Rosneft subsidiary Rosneft-Mongolia KOO on a take or pay basis,' the statement says, adding that the total value of these contracts is USD 2.1 bln.

Rosneft supplies gasoline, diesel fuel, jet fuel, fuel oil, bituminous materials and liquefied petroleum gases to Mongolia. Contracts signed in 2014 allowed Rosneft to increase its presence in the Mongolian market to 80%.(Tass)

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Import of heavy trucks to Mongolia increases www.news.mn

Mongolia is a country that imports a significant number of vehicles every year. As coal exports continue to increase, so too does the demand for heavy trucks; in the first four months of this year, the country imported 5,582 vehicles. This figure is 2.2 times higher than in the same period of 2017. The cost of the trucks import is USD 84.4 million - this being 2.8 times up on the previous year. This clearly is indicative of the robust growth mainly to mining activities and economic expansion. Mongolia hosts 10% of the world's known coal reserves.

About 63 percent of the trucks were imported from China, 10.7 percent from Japan, and 7 percent from South Korea. The mining industry accounts for about a quarter of Mongolia's GDP and more than 90 percent of its exports.

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Turkey & Gazprom agree on construction of land portion of Europe-bound Turkish Stream www.rt.com

Russian state energy giant Gazprom and the Turkish government have reached a deal on the construction of the land-based part of the Turkish Stream branch that will bring Russian gas to European consumers.
The parties signed a protocol that would allow the construction, which was stalled by a legal rift over gas prices, to go forward. Gazprom and Turkey’s state-owned BOTAS struck an agreement detailing the terms and conditions of the works, the Russian company said in a statement. It noted that the deal “allows to move to practical steps for the implementation of the project.”

The works will be carried out by a joint venture called TurkAkim Gaz Tasima AS. It will be owned by Gazprom and BOTAS in equal shares, Gazprom said.

Earlier, Turkish President Recep Tayyip Erdogan announced that Gazprom and BOTAS resolved a long-running legal dispute over import prices in 2015-2016. Turkey has long demanded a 10.25 percent discount that was reached as part of the intergovernmental agreement to construct the Turkish Stream pipeline back in 2014, but the deal was never signed. BOTAS filed a case for international arbitration in 2016, seeking a discount.

"We agreed on a 10.25% reduction in the price of natural gas in 2015-2016,” Erdogan announced while speaking at a rally on Saturday.

“We got our discount. We get about $ 1 billion worth of our rights before the election,” the Turkish President said, as cited by Anadolu Agency.

The sum that the Russian energy major reportedly agreed to pay BOTAS is the equivalent of a two-year 10.25 percent price reduction.

Gazprom confirmed that the parties have reached a pre-court settlement, but did not disclose any details.

It was reported that BOTAS refused to greenlight the building of the land-based part of the pipeline until the issue is resolved. Until now, it only permitted Gazprom to construct the undersea part of the line. The construction is currently underway.

Russia and Turkey officially agreed on the project, which consists of two branches, in October 2016. The first branch will deliver gas to Turkish consumers, while the second one will bring it to the countries in southern and south-western Europe. The European leg is expected to decrease Russia’s dependence on transit through Ukraine. Each of the lines has a maximum capacity of 15.75 billion cubic meters a year.

Gazprom finished the construction of the deep-water part of the first line of the Turkish Stream in April. The first Russian gas could start flowing through both legs of the Turkish Stream by December 2019.

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South Korea eyes Mongolian pharmaceutical market www.news.mn

The Mongolian pharmaceutical market was worth 160 billion tugriks (USD 66.3 million) in 2015, according to the Ulaanbaatar Office of the Korea Trade-Investment Promotion Agency (KOTRA). Demand is increasing. About 80 percent of the nation’s total medicine demand relies on imports from 57 countries. Korean drugs are quite popular among Mongolians, as Korea ranks eighth among the 57 drug exporters in terms of export volume.

South Korean pharmaceutical companies have set an eye on Mongolia. For example, Samil Pharm established a joint venture with a Mongolian firm, and Dong-A Pharmaceutical set up a factory, in the landlocked country. Il-yang Pharm exports peptic ulcer treatment Noltec, and Dongwha Pharm, digestive drink Whal Myung Su, to Mongolia.

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"Invest in Mongolia" Roadshow 13. June 2018, Frankfurt am Main www.oav.de

After a shaky year 2016, the Mongolian economy has recovered and is back to an economic growth of 5.1% in 2017, backed by investments in the mining sector and an increased resource production. How can European and German investors benefit from the reinvigorated Mongolian market?

We would like to inform you about the "Invest in Mongolia" Roadshow in Frankfurt, organized by the National Development Agency of Mongolia, the Embassy of Mongolia in Germany and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

High level representatives of the Mongolian Government, including the Ministry of Mining and Heavy Industry, the National Development Agency and the Mongolian Development Bank, as well as representatives from the private sector will attend the roadshow and deliver presentations on the current Mongolian economic situation, favorable investment environments and profitable projects to potential investors and entrepreneurs.

The "Invest in Mongolia" Roadshow is a practical and efficient event for all enterprises and individuals that are actively seeking new investment and business opportunities in Mongolia. It is the ideal chance to meet representatives of the Mongolian government.

The event will be held in English. Participation is free of charge but requires a registration on the official website of Invest in Mongolia.

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“Golden Triangle of Development” to boost economy in Mongolia’s central zone www.ubinfo.mn

In cohesion with the development of the Darkhan and Erdenet cities under international development trend of larger cities and settled areas, the Golden Triangle of Development policy was recently presented. According to the Mayor of Ulaanbaatar City Batbold Sundui, the policy was formulated with the governors of five aimags geographically located in the central zone. At present, the central zone comprises only 8 percent of the country's total territory, 10 percent of livestock, 10 percent of water reserve and 27 percent of the forest reserves. However, the central zone inhabits nearly 61 percent of the total population, produces 78 percent of GDP and sells 85 percent of industrial products.

The population density is around 286 persons per square kilometer in Ulaanbaatar, which is 150 times higher than the country’s average, and the capital is facing problems, such as air pollution, traffic jam, growing load of infrastructure and social services, which are 2-3 times than the proper amount. On the other hand, it plays a significant role in improving economic capacity of the country, the mayor noted. For example, the capital city economy was the fundament which sustainably ensured the country’s economic growth when mining and agricultural sectors were facing a crisis. “47 percent of its population and 60-70 percent of its economy and businesses are centered in one city. This raises a challenge to create leverages to analyse and resolve the urban centralization,” he added.

The goal of economic diversification of the three-pillared development policy, which was approved by the government early this year, is to plan the development of agriculture, tourism, industrialization, trade and infrastructure spheres in coordination with information technology, finance, transportation and logistics, and increase the country’s economic competitiveness, the mayor highlighted.

He announced that Ulaanbaatar will be a free economic zone in the near future and working group has been established in this regard.

The city governor’s proposed conception is to develop Ulaanbaatar, Darkhan and Erdenet under the Golden Triangle model of economic development as well as to ensure their sustainable development by increasing accessibility of human resources and workforce and improving market opportunities and resources in local areas using economic and administrative means together with Tuv, Selenge and Bulgan aimags, which are in gravitation and impact zone of the mentioned cities.

Also, a Memorandum of Understanding was signed between the Governors of the abovementioned cities and aimags to help decentralize Ulaanbaatar. For example, Selenge aimag expressed that it will be a reliable provider of healthy food and welcome some faculties of agricultural university. Selenge aimag’s deputy governor noted that out of its 17 soums, 16 were included in the crop farming zone of the country.

While, Darkhan-Uul aimag, where processing factories operate, offered to welcome all hide and skin processing factories at its territory. Darkhan-Uul aimag’s governor emphasized that the city utilizes only one third of its available capacity of producing heat and plans to increase electric power generation. Moreover, the Governor of Erdenet city underscored that infrastructure with fully resolved electric power and engineering networks have been established in 452 hectares of land. In addition, the Governor mentioned that its Science and Technology Park is successfully running its operation. With its profit, the Governor's office is planning to establish a development fund to provide loans to micro businesses.

As for Tuv aimag, its Governor highlighted that the aimag will be the most active zone of Mongolia’s development soon, as the Khushig Valley Airport and Great Maidar projects are finalizing. In addition, a power plant project, which is expected to generate 7 thousand jobs, will be implemented in the area.

Oyunbayar.N

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Air corridor between India and Mongolia www.news.mn

An air corridor between India and Mongolia could start soon. A decision to explore the possibility of starting direct air services to Mongolia was taken during the recent visit to Ulaanbaatar by India’s External Affairs Minister Sushma Swaraj. The Mongolia air corridor is part of the India’s Act East policy to reach out to close nations. “We agreed to remove institutional and logistical impediments to boost our trade, tourism, and people to people contacts. In this regard, we also agreed to explore the possibility of launching direct air connectivity between our two capitals,” Sushma Swaraj said during the joint media briefing with Foreign Minister of Mongolia D.Tsogtbaatar.

Mongolia considers India a “third neighbor” as well as a “spiritual neighbour” - the late venerable 19th Kushok Bakula Rinpoche (1917-2003), a Buddhist monk who is revered in Mongolia, served as an Indian emissary to the country.

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