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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Indian captive power plants running at half capacity due to coal shortage www.mining.com

The Indian Captive Power Producers Association or ICPPA held a press conference on Thursday where its president, Rahul Sharma, denounced that most captive power producers are getting half of the coal they need from state-owned Coal India and are considering increasing their imports.

The scarcity of the mineral is due to the government’s decision to divert most of the country’s output to electricity generators in order to prevent outages. Coal India’s shipments to power plants rose 9.2 per cent to 290.6 million tonnes in the eight months ended November 30, 2017. This accounted for 79 per cent of the overall supplies of 368 million tonnes during the period. Local reports state that India’s thermal power capacity of 137 GW requires about 1.43 million tonnes of coal daily and, despite the increased supply, power plants currently have enough stock for eight days, when they are required to pile up 21 days worth of coal.

Given this situation, the public company is trying to engage states and the Central Electricity Authority in an assessment process that would provide a clearer picture of each region’s revised power demand for the next three years. Coal India’s goal is to use this information to do a more efficient job dealing with increasing demand.

But power plants that distribute electricity to the population are not Coal India’s only clients. The firm, which generates more than 80% of the country’s coal, is also in charge of supplying the mineral to ICPPA member-companies who generally produce electricity for their own use.

Chemical factories and aluminum smelters are among the latter and, according to the aforementioned Rahul Sharma, the local shortage is pushing them to make costlier overseas purchases, which has increased their power costs by 50 per cent.

Thermal coal at the Australian port of Newcastle, which is an Asia-Pacific benchmark, is trading near $100 a tonne after gaining about 17% in the financial year that started in April, Bloomberg reports.

High costs combined with reduced power generation is rendering operations economically unviable with huge risk of plant closure, Sharma and his team said at today’s event. The ICPPA requested urgent government intervention in this matter.

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Housing price index in Ulaanbaatar - Nov, 2017 www.mongolbank.mn

Following is the public report of the November 2017 results of the “Housing Price Index” (HPI) research conducted independently by TenkhlegZuuch LLC at the request of Mongol Bank.

The research shows that the general index of housing price was 1.01 in November 2017. It shows a growth by 1.1 percent in January 2013. The index increased by 0.16 percent compared to the previous month. The general index increased by 0.24% compared to the same month in previous year. Below are the Price index indicators classified by new and old houses.

The new house price index was at 1.16. This shows a growth by 0.20 percent compared to the previous month. The index increased by 1,26% compared to the same month in previous year.

The old house price index was at 0.92. This shows a decline by 8.55 percent in January 2013. The index increased by 0.47 percent compared to the previous month, and dropped by 0.50% compared to the same month in previous year.

HPI was calculated by applying Hedonic regression methods and the calculation was based on the information available for 4881 old and new houses supplied for sale at the real estate market of Ulaanbaatar for the particular month.

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Inner Mongolia seeks to create uniform rules, promote Mongolian chess www.news.xinhuanet.com

HOHHOT, China, Dec. 15 (Xinhua) -- A group of Mongolian chess players and experts from China and Mongolia have agreed on a series of standard playing rules here during an international forum in a bid to better promote the sport, said Nasun, president of the forum's organizer, the chess association of Inner Mongolia, on Wednesday.

"We have proposed World Chess Federation to legitimate them as worldwide rules," Nasun said. "If we succeed, we plan to adopt them in an international Mongolian chess competition in Ulan Bator, Mongolia slated for August, 2018."
Mongolian chess, also known as Shatar, is mainly played in north China's Inner Mongolia Autonomous Region as well as in Mongolia.
Rules of this variety of chess vary in different places. "Even in Inner Mongolia, we have different playing rules in various counties and cities," said Gunbatur, a Mongolian chess player from Hulunbuir, Inner Mongolia, adding that the differences had become an obstacle for the promotion of the traditional sport.
Gunbatur started introducing Mongolian chess to the local elementary and secondary schools in 1996. He opened a club last year and has attracted 60 students to learn the techniques of this form of chess.
"The uniform rules will promote exchanges between players from diverse areas," Gunbatur said. "We look forward to hosting more regional, provincial, national and international competitions following the same rules," he said.
In a bid to further promote the sport, the local Mongolian chess association is devoted to developing software with an IT company for players competing around the world, Nasun said.

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Mongolian government supports meat exports www.news.mn

Mongolia in recent years has started to export meat products in order to build up foreign exchange revenue and to diversify from its traditional export base of coal and ores. The country has already exported large amounts of meat products to countries including China, Russia, Kazakhstan, Japan, Iran, Vietnam and Qatar, with the annual export volume expanding five times compared to that of 2013. From the perspective of Mongolia's foreign trade in 2017, the Mongolian government obviously intends to promote its economic growth by means of expanding exports of meat products.

Mongolia will export 200 tons of goat meat to Vietnam between 2017 and 2018. The two governments believe that the signing of export agreements on livestock products will be a great boost to the goal of achieving bilateral trade of USD 70 million by 2020.

Also in August, when a Saudi Arabian government delegation visited Mongolia, both parties conducted extensive discussions on the establishment of a joint-venture meat processing plant and a relevant working team.

In November, during a political consultation meeting between Mongolia and Paraguay, Mongolia showed great interest in Paraguay's experience in beef exports and expressed a desire to strengthen bilateral exchanges and cooperation in relevant fields.

The Chinese government has expressed its willingness to give positive consideration to Mongolia's desire to expand its exports of mineral and energy products as well as increasing its beef and mutton exports. The two countries can expand their trade in meat products by establishing joint-venture meat processing plants or increasing or expanding cold-chain logistics zones for meat trading and processing in their border zones. Also, both countries can strengthen cooperation on the prevention and control of livestock diseases and the development of relevant vaccines.

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Government's involvement highlighted in e-health project implementation www.montsame.mn

Ulaanbaatar/MONTSAME/ In collaboration with the World Bank’s ‘E-Health Project’ and World Health Organization, the Ministry of Health organized a National consultative meeting on E-Health on December 14 in Ulaanbaatar.

Beginning from 2000, projects, supported by WHO, and the Governments of Luxembourg and China, are being implemented to digitalize health services with a purpose to provide quality and accessible health services by using advanced ICT technologies.

The Government of Mongolia and World Bank’s International Development Association signed a credit agreement on implementing ‘E-Health Project’ in June, 2015 and the agreement was ratified by the Mongolia’s Parliament in July, 2015.

The objective of the project is to improve integration and utilization of health information and e-health solutions for better health service delivery. It will design an e-health system to provide faster access to more integrated health information systems. It will speed the processing of referrals, avoid duplication of tests and procedures, and facilitate follow-up care. The project will pilot new e-health system in two aimags and one district of Ulaanbaatar city so that information to be shared among hospitals and healthcare providers, even in remote areas. 

Health Minister D. Sarangerel said, “Although there are some ongoing projects on building capacity of infectious and non-infectious disease information system and developing e-health system, it needs to satisfy their integration and unity, coordinate technical and financial supports of international donor organizations and increase involvement of the Government.”

The national consultative meeting brought together over 100 participants from the Ministry of Health, other ministries, agencies, international donor organizations, health centers of aimags, capital city and districts and other organizations.

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ADB Asian Development Bank : Signs Grant Agreement to Support Smallholder Vegetable Farmers in Mongolia www.4-traders.com

ULAANBAATAR, MONGOLIA (14 December 2017) - The Asian Development Bank (ADB) and the Government of Mongolia today signed a $3 million grant to pilot community-based approaches to farming in the country's central growing region of Tuv, Selenge, Darkhan-Uul, and Uvs aimags. The grant will improve livelihoods of smallholders involved in vegetable production.

Signing the agreement on behalf of the Government of Mongolia was Minister of Finance Ch. Khurelbaatar, while Country Director Yolanda Fernandez Lommen signed on behalf of ADB. First Secretary Hiroshi Fukasawa from the Embassy of Japan in Mongolia witnessed the event. Representative from the Ministry of Food, Agriculture, and Light Industry also participated.

'The project supports the Mongolian government's efforts to improve agricultural productivity through inclusive value chains, climate change adaptation, and capacity building for farmers,' said Ms. Fernandez Lommen. 'The broad scope of this project reflects the work of the government and ADB to target key regions, sectors, and beneficiaries for poverty alleviation, livelihoods, and the environment. The goal is that these pilot projects are sustainable and can be replicated and scaled up elsewhere in the country.'

The grant is funded by the Japanese government-financed Japan Fund for Poverty Reduction (JFPR), which over the past 18 years has supported projects in Mongolia focusing on poverty alleviation, community development, improving livelihoods, and safeguarding the environment.

Unlike livestock, vegetable farming remains an underdeveloped sector in Mongolia despite good potential for cropping. The project will introduce a community-farming model, applying improved climate-resilient farming practices and high-level greenhouse technology. It will strengthen farm-to-market linkages and integrate farming groups into inclusive agriculture value chains.

Vegetable farmers generally earn low incomes and the country is heavily reliant on imported products. The demand for good quality, locally-grown fresh produce is on the rise as people relocate to cities and citizens become more aware of the need to extend their diets beyond traditional meat staples.

The project is expected to directly benefit at least 180 farming households, many of them headed by women, representing about 500 farmers and seed producers. Indirect benefits will accrue to at least 45,000 people in target districts, or soums.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members-48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

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December 14, 2017 trading report www.mse.mn

On December 14, 2017, 146,820 shares of 36 firms listed as Tier I, II, and III were traded. 10 firms’ shares increased in price, 21 decreased and 5 remained unchanged. Mongoliin Khugjil Undesnii Negdel /HAM/ was the top performer, increasing 14.98 percent, whereas Uvs-Chatsargana JSC /CHR/ was the worst performer, decreasing 15.00 percent.

On the secondary market for government bonds, 12 bonds with a value of MNT0.8 million were traded.

The MSE ALL Index decreased by 2.04 percent to stand at 1,177.31 points. The MSE market cap stands at MNT2,489,471,669,340

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National average monthly salary at 955,900 MNT reports NSO www.theubpost.mn

The national average salary as of the first 11 months of 2017 is 955,900 MNT per employee, marking a 71,600 MNT or 8.1 percent increase compared to the same period the previous year.

The NSO added that the average salary for Q3 decreased by 10,700 MNT or 1.1 percent compared to Q2.

Average wages and salaries are calculated based on the report of the Health and Social Insurance General Office and 606,300 people working in 38,000 establishments have paid social insurance fees in the third quarter of 2017. Non-standard employment, which does not pay social insurance and taxes, are not included in the national average salary.

Out of the total employees, 36 percent earned between 500,000 MNT to 900,000 MNT a month, 17.8 percent earned 300,000 to 500,000MNT, 16.6 percent earned 900,000 to 1.3 million MNT. and 11.7 percent earned more than 1.5 million MNT.

Monthly average wages and salaries of employees working in the mining and quarrying sector were the highest at 2.2 million MNT, while the arts, entertainment and recreation sector were lowest at 605,600 MNT.

More than 24,100 unemployed individuals are seeking jobs as of November 2017, a 27.9 decrease compared to 2016, the National Statistics Office said in its report on the social and economic situation of Mongolia. The report also indicated that 68,300 individuals were excluded from the unemployment registry due to inactive job seeking.

At the end of November 2017, the Labor and Social Welfare Services Agencies have registered 34,100 job seekers, of which 24,100 or 70.7p percent were unemployed, and remaining the 10,000 thousand or 29.3 percent were people employed but looking for a new job.

Compared to the same period of the previous year, registered unemployment decreased by 9,300 or by 27.9 percent. Among the total registered unemployed, 13,200 or 54.8 percent were women.

Ulaanbaatar residents accounted for 7,000 or 28.9 percent of the registered unemployed individuals, while the Central region accounted for 5,000 or 20.5 percent, 4,900 or 20.4 percent for the Khangai region, 4,500 or 18.5 percent in the Western region, and 2,800 or 11.7 percent in the Eastern region.

From January to November 2017, the Labor and Social Welfare Services Agencies recorded 81,600 individuals as newly unemployed and 23,600 people as newly hired. Due to inactive job seeking, 68,300 people were excluded from the unemployment registry.

At the end of November 2017, by level of educational attainment, 44.4 percent of the registered unemployed have a high school diploma, 34 percent hold a bachelor’s degree, 6.4 percent attained vocational training, 5.5 percent graduated secondary schools, 5.2 percent completed specialized secondary schools, 2.1 percent graduated primary schools, 1.3 percent have no education, while the remaining 1.1 percent have a master’s degree or higher.

More than half or 61.3 percent of unemployed individuals are young people aged 15 to 34. This rate was by 0.3 to 15.2 percentage points higher than the national average in Umnugovi, Uvs, Orkhon, Khovd, Selenge, Dundgovi, Tuv, Arkhangai, Dornod, Govisumber, Dornogovi, Bulgan and Uvurkhangai provinces, and Ulaanbaatar.

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Bitcoin's mysterious creator could become world’s first trillionaire www.rt.com

The mystery man known as Satoshi Nakamoto, who’s believed to be the inventor of bitcoin, could become the richest person on the planet, ahead of Forbes’ list billionaires Bill Gates and Jeff Bezos.

With the cryptocurrency’s booming price, the fortune of Nakamoto who is reportedly sitting on $17 billion could turn him into the world's first trillionaire.

The price of the world’s most valuable digital currency bitcoin is up 1,800 percent this year. Last week, it rocketed above $19,000 for the first time. With a market value of more than $288 billion, the cryptocurrency was trading at $17,254 on Wednesday.

Nakamoto is believed to hold nearly one million bitcoins, and he's never spent a single coin, according to media reports.

The identity of Satoshi Nakamoto, a pseudonym for the author of the research paper that conceived bitcoin about nine years ago, remains a mystery. To date, nobody knows who Nakamoto is. The name appears on the original document which proposed a peer-to-peer electronic cash system.

There have been at least four people that have been named or have named themselves as Satoshi Nakamoto. Three years ago, Newsweek said a 64-year-old Japanese-American living in California named Dorian Satoshi Nakamoto could be behind bitcoin. He had denied the report.

In 2016, an Australian entrepreneur Craig Wright claimed he was the founder, but that was also called into doubt.

Last month, billionaire Elon Musk denied rumors he was the mysterious inventor of bitcoin. A former intern at Musk’s space company SpaceX has suggested that “Satoshi is probably Elon” because of his deep understanding of economics and cryptography, grip on advanced coding languages, and the fact he is a “polymath.”

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UK to contribute to build geo-database of Mongolia www.montsame.mn

Ulaanbaatar/MONTSAME/ On December 12, D. Sumiyabazar, Mining and Heavy Industry Minister D.Sumiyabazar met with Catherine Arnold, Ambassador of the United Kingdom of Great Britain and Northern Ireland to Mongolia.

Beginning the meeting, Catherine Arnold said it looks forward to cooperate with the Ministry and requested to let her know about what cooperation possibilities they have.

In turn, D.Sumiyabazar expressed his gratitude to her request and stressed out of an importance of foreign investment in mining sector. He briefed about large projects being implemented in the sector. He also added that it encounters water issue to put strategically important deposits in southern Mongolia into economic circulation and to develop processing industries and infrastructure further.

For this reason, the Minister put forward a request to UK to render support and cooperate in implementing projects to transfer water through pipelines from eastern and western part to Gobi, instead of using underground water of Gobi region.

The Ambassador expressed her support for it and said that UK will support building ‘Geo-database of Mongolia’ and organizing ‘Mongolia Investors’ Forum’ in London.

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