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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Mongolian ambassador visits Anadolu Agency www.aa.com

Mongolia's ambassador to Turkey, Bold Ravdan, visited Anadolu Agency’s headquarters in Ankara on Thursday.

The ambassador was welcomed by the agency’s Editor-in-Chief and Deputy Director General Metin Mutanoglu and Foreign Languages Editor-in-Chief Mehmet Ozturk.

Mutanoglu briefed the ambassador on the agency’s international operations and its News Academy, which was established in 2011.

The academy holds frequent seminars and provides a number of training schemes, including a War Journalism Certificate Program.

During a presentation Mutanoglu also gave an example of the agency's photojournalism, citing its photo coverage of the violent clashes between hundreds of white nationalists and counter-protesters in Charlottesville, Virginia last weekend.

Anadolu Agency's photograph of the unrest were widely used by the international media.

The pair also discussed boosting and strengthening cooperation between Anadolu Agency and Mongolia’s national news agency.

Ravdan offered to invite Beijing-based Anadolu Agency reporters to operate in Mongolia and provide the local agency with English-language news.

"The accumulation of knowledge between the Mongolian and Turkish peoples is great. Mongols are proud of Turkey’s history," Ravdan said.

"For us, Turkey is an Asian country. People living in Turkey have poor knowledge of Mongolia; we want to establish closer ties," he added.

Ravdan emphasized that Turkey and Mongolia share the same roots and geography and said strengthened cooperation could improve the lack of information about today’s modern Mongolia.

The ambassador added that political relations between the two countries were good but that there was a lack of economic ties.

Mutanoglu said there would be more coverage from Mongolia, which would influence the investment of Turkish businessmen in the country.

As 2019 will mark 50 years of diplomatic relations between Turkey and Mongolia, Mutanoglu said preparations would be made to celebrate the anniversary.

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BOM issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia traded 604 billion MNT worth 1-week maturity central bank bill (“CBB”), with weighted average yield of 12.0 percent per annum. 

1 - week CBBs
1-week CBB plays an important role in managing the reserves of banks and is the core monetary policy instrument of the Bank of Mongolia. The interest rate on CBB will be the policy rate of the BOM and will serve as a guide interest rate on the interbank market. It was first introduced in July 2007, with fixed rate and unlimited bidding, and traded on a regular basis every Wednesday at the interbank market. This had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. Since the introduction of this instrument, there has been a substantial change in the way banks manage their reserves. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB auction has been held in the form of competitive interest rate since May 2010. In doing so, the upper and lower limits of the bank bids are to set +/- 2 per cent of the policy rate.

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Producer Price Index goes up www.montsame.mn

Ulaanbaatar /MONTSAME/ In July 2017, the industrial producer price index (IPPI) increased by 3.9% compared with the previous month, by 35.4% compared with the end of previous year and by 73.1% against previous year.

In July of this year, the IPPI increased by 3.9% compared with the previous month change was mainly due to increase of 5.1% in mining and quarrying sub-sector prices (price of mining of coal and lignite, extraction of peat increased by 6.7%, and other mining and quarrying increased by 5.1%).

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Russia’s Rosatom to build nuclear power plant in China www.rt.com

China has invited Russia to take part in a nuclear power plant (NPP) project in the province of Jiangsu, according to Russian State Atomic Energy Corporation Rosatom.

The project will be overseen by Rosatom’s subsidiary for South Asia Projects ASE.

Russia will take part in the construction of at least two out of six reactors, according to Andrey Lebedev, the vice-president of the company.

The new power station will be 20 kilometers from the Tianwan nuclear power plant. Built in 2006 by Russia's nuclear power equipment and service export monopoly owned by Gazprom, it is the biggest joint NPP project between countries.

Two of its units with a capacity of 1,000 MW each were opened in 2007, while the construction of the third and the fourth units is still underway. The countries are reportedly negotiating the possibility of adding seventh and eighth units.

Last year, Beijing and Moscow said they intended further strategic partnerships in the peaceful use of nuclear energy.

“The fact China offered Russia to build new nuclear power plants shows that plans for extending cooperation in the sector are moving to practical implementation,” said Aleksandr Uvarov, the chief editor of the AtomInfo web portal, as quoted by RIA Novosti.

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SIF revenue rises www.montsame.mn

Ulaanbaatar /MONTSAME/ In the first seven months of this year, the General Authority for Health and Social Insurance of Mongolia reported that the revenue of Social Insurance Fund (SIF) amounted to MNT 1.2 trillion, reflecting an increase by 24.1%.

The SIF expenditure reached MNT 1.1 trillion, showing an increase by 12.2% against the previous year.
Partially due to increased revenue of pension insurance fund by MNT 151.2 billion and health insurance fund--by MNT 45.4 billion. The SIF revenue increased in the first seven months of 2017 by MNT 231.6 billion compared to the same period of the previous year.

The SIF expenditure increased by MNT 118.1 billion in the first seven months of this year against 2016. The main reason goes to increase in pension insurance fund expenditure by MNT 85.7 billion and health insurance fund by MNT 19.0 billion.

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Mongolia Engagement Plan www.worldbank.org

OBJECTIVES:

As an important step in developing the World Bank Group’s (WBG) Systematic Country Diagnostic (SCD) and Country Partnership Framework (CPF) for Mongolia, public engagements with diverse stakeholder groups will be organized aiming at gathering their views, recommendations and priorities to feed into the strategy of support.

The main objective of the engagements for the SCD in Mongolia is to identify key development opportunities, challenges and prioritize critical interventions to accelerate progress in ending poverty and boosting shared prosperity in a sustainable way. 

For the CPF, the main objective is to identify and prioritize critical areas where the World Bank Group support would have the biggest impact in promoting sustainable poverty reduction and shared prosperity.

KEY STAKEHOLDERS:

Engagements will be conducted with a wide range of stakeholders, including:

Government: Ministries in the capital and government officials in four regions
Parliament
Development Partners: UN agencies, donors, multilateral and bilateral development partners
Civil Society Organizations: Non-profit organizations and associations, labor groups, think tanks, academia and research groups in Ulaanbaatar and four regions
Private Sector: Representatives from the business sector, foreign and domestic invested businesses, small and medium enterprises, chambers of commerce, business councils.
LOCATION AND PARTICIPANTS:

The engagements will take place in Ulaanbaatar city as well as selected provinces from the Western, Khangai, Central, and Easter regions of Mongolia. 

Khovd: Participants from the Western region
Orkhon: Participants from Khangai region
Omnogovi and Darkhan-Uul: Participants from the Central region
Khentii: Participants from the Eastern region
ENGAGEMENT PROCESS:

The engagements process will include both face-to-face meetings as well as online/web-based platform to enable participation by a wide range of stakeholders. The structure of face-to-face meetings will allow plenary presentations and discussions and, if needed, small group discussions, and reporting with a neutral facilitator. For online engagement, an online survey , will be available to people interested to participate who may not be invited.

On top of this, citizens will be able to share their vision for Mongolia’s future by filling in the postcards and sharing them on backdrops set up in Dunjungarav, a public service center, and in National University of Mongolia.

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China's customs clearance prolonged for Mongolian coal www.sxcoal.com

The customs clearance for Mongolian coking coal imported into China has been prolonged since the Naadam Festival in Mongolia in mid-July.

It now takes at least one month to finish customs clearance at Ganqimaodu border crossing, a much longer period compared with previous two weeks, market sources told sxcoal.com.

Impacted by this, the number of coal trucks from Mongolia to China declined sharply to 600 each day in mid-August from 1,400 in early July, and daily coal imports also plummeted to 40,000 tonnes or so from 100,000 tonnes.

Besides, trucks loaded with Mongolian coal needed to wait 2-3 days before allowed to unload at border crossings, according to a Chinese trader.

The trader said Mongolian material that declared clearance at Ceke border crossing in mid-July has not been allowed into China, resulting in a supply shortfall in the market.

How long the situation will last remains unclear. There are market talks that Ganqimaodu border crossing plans to control coal imports at around 15 million tonnes in 2017, but the current figures have exceeded 12 million tonnes, calling for tough control on imports of Mongolian coal.

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Invest Mongolia 2017 Frontier's 11th Annual Conference in Ulaanbaatar www.mongolianbusinessdatabase.com

We are pleased inform you that Mongolian Business Database is partnering with Frontier's 2017 Invest Mongolia Ulaanbaatar Conference scheduled to take place September 4-5, 2017. 

This event is one the of Mongolia's keystone events, and attracts close to 1,000 delegates representing Government, key industry players, financial institutions, global investors and media to discuss socio-political and economic developments. Guests with very diversified background from nearly 30 countries attended 2016 Invest Mongolia events in Ulaanbaatar and Tokyo. In 2017, key focuses of the conference will be the following:

· The impact of the IMF program and whether the Government will take investor friendly measures to increase FDI

· The overview of Mongolian Economy including updates on legal, accounting and other regulatory changes

· The progress and its impacts of OT underground and other major projects to the economy

· The strong demand to coal and the beneficiaries of the industry

· The most updated situation of Green financing and their players

· The Mongolian Banking Industry and the Bank Strategies at the time when AQR is in place

· The development of the non-mining sectors including the real estate

· Whether foreign money is coming back to Mongolia? If so, which sectors are promising and why?

· The outlook of the Bond Market and the possible measures to increase the credit rating

· Whether the Amendments of the Constitution are necessary for the accountability, the consistency of the policies and to combat the corruption? 

MBD registrants will enjoy a 15% discount on badges, which gives you access to the networking lunches and dinners and reserved priority seating. The general registration to the conference is free. Please go http://www.frontier-conference.com/…/…/58-registeronlineform to register and be sure to enter the promo code 102 to the Discount Coupon section if you are purchasing a badge to apply your discount.
If you would like to receive more information regarding the event, please contact the organizers http://www.frontier-conference.com/index.php/en/zoo.

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Belt and Road connects Manzhouli to the world www.chinadaily.com.cn

HOHHOT - Oktyabrina does not know much about the Belt and Road Initiative, but she knows enough about money.

Located in the China-Russia tax-free trade zone in Manzhouli, Oktyabrina's company is doing well; very well. In July, high season in Manzhouli, 2,000 people visit her shop every day, most of them buying imported goodies from Russia.

"Candy and flour are our biggest sellers. Sales are up 20 percent from last July. Tax exemptions mean customers spend less and we earn more. It is the very definition of win-win," said Ding Yanping, Oktyabrina's Chinese business partner. Ding owns 50 percent of the company and is in charge of the shop's daily management.

Oktyabrina's shop is just one of over 50 Russian companies registered in the Manzhouli tax-free zone, attracted by good logistics and speedy customs clearance.

Since it was established last June, 170 million yuan ($25.4 million) - 22,000 tons - of Russian imports has passed through the port.

"The tax-free trade zone is a bridge linking China and Russia sharing the prosperity of both countries. That's what the Belt and Road Initiative is all about," said Zhang Jinzhu, manager of the trade zone.

With a population of 300,000, Manzhouli is important on Eurasian land passageways and the China-Mongolia-Russia Economic Corridor (CMREC). Nearly 70 percent of trade between China and Russia passes through Manzhouli.

"We are integrating our plans with the Belt and Road. We are key to the northward opening-up of Inner Mongolia," said Xu Ailian, mayor of Manzhouli.

The idea of the CMREC emerged in September 2014 during the first trilateral meeting of the heads of state of the three countries in Tajikistan and, in 2016, CMREC became the first multilateral cooperation plan to become part of the Belt and Road Initiative.

The CMREC has two key arteries: one from the Beijing-Tianjin-Hebei region to Hohhot and on to Mongolia and Russia; the other from China's northeastern provinces through Manzhouli into Russia. The channels have improved connectivity and cooperation in border regions and have led to the overhaul of customs procedures.

In the first seven months of this year, 747 freight trains passed through Manzhouli, carrying goods worth 3.15 billion U.S. dollars, 25 percent more than in the same period last year.

Freight trains link Manzhouli with 28 international destinations, with trains originating as far away as Guangdong in China's deep south.

Manzhouli customs officers work closely with their Russian counterparts.

"We have round-the-clock clearance for goods trains. The faster we clear the cargo, the faster the trains are on their way," said Xu Xuemeng, a logistics monitor with Manzhouli customs. He sees more high-tech products heading to Europe, including computers, home appliances and manufacturing equipment.

As the bridgehead of northward opening-up, Manzhouli is a shining light of economic growth of Inner Mongolia autonomous region, which celebrated its 70th anniversary on Aug 8.

Over seven decades,the region's economy has expanded from 537 million yuan to 1.86 trillion yuan, first among the country's five autonomous regions.

Inner Mongolia's foreign trade has increased from 30 million yuan to 77.3 billion yuan since the beginning of reform and opening up.

"In the future, we will conduct more practical cooperation with Mongolia and Russia to invigorate the grassland Silk Road," said Manzhouli Mayor Xu Ailian.

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Rock carvings from China's ancient empire found in central Mongolia www.xinhuanet.com

ULAN BATOR, Aug. 16 (Xinhua) -- A joint China-Mongolia scientific taskforce has recently completed a study of ancient rock carvings found in Delgerkhangai soum of Mongolia's central Dundgobi province.
The task was jointly done by China's Inner Mongolia University and the Mongolian Chinggis Khan University, with a main purpose of studying the rock inscriptions and drawings allegedly belonging to China's Eastern Han Empire.
Dating back to about 2000 years ago, the ancient rock art was written with more than 250 Chinese characters, and was a sign of victory over the northern Hunnu Empire.
The Hunnu was a nomadic tribe living in what is now Mongolia in the fourth century BC. It warred with the East Han government from time to time.
The rock carvings also coincide with the events recorded in the reference books of the Eastern Han Empire.
Close to the site, there are 11 ancient graves belonging to the Hunnu Empire, noted J.Chimeddorj, deputy director of Inner Mongolia University.
Earlier, professors with Mongolian Chinggis Khan University found inscriptions alongside rock paintings qualified as a type of letter from the Eastern Han Empire. The discovery led to additional research by linguists from China's Autonomous region of Inner Mongolia.

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