1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     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    

Events

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

NEWS

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Launch of new Mongolia - Hungary transit service www.transportjournal.com

Transcontainer, Far East Land Bridge (Felb), RZD Logistics and ZSSK Cargo have established a new container transit service from China to Hungary across Mongolian, Russian, Ukrainian and Slovakian territory.

The first freight train departed from Changsha (China) and arrived in Budapest last week (wk 24).

The overall transit time across the countries with the 1,520 mm track gauge was 13 days. The trip across Mongolia took 3 days, seven days were needed to cross Russia and three for Ukraine.

Felb operated the service, RZD Logistics forwarded the freight and Transcontainer provided the rolling stock. (ben)

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Rio Tinto in search of next Oyu Tolgoi in Mongolia www.mining.com

Mining giant Rio Tinto (LON:RIO) and its Canadian affiliate Turquoise Hill (TSX:TRQ) are once again exploring Mongolia’s metals-rich Gobi desert, following the country’s renewed efforts to attract foreign investment.

Last month, the landlocked country bordering China and Russia decided to open more than one-fifth of its territory for mining exploration, hoping to shore up its finances following an International Monetary Fund-led bailout.

Since mining accounts for around 25% of Mongolia’s GDP and more than 80%of exports, experts believe that increasing mining exploration could potentially raise the Asian nation’s GDP and economic security.

Mongolia also revoked a controversial banking law that would have required companies including Rio Tinto — the country’s biggest investor — to funnel all sales revenues from foreign investment projects through local banks and proposed the wider exploration area.

"I can confirm that we have an exploration drilling programme in licenses outside of the Oyu Tolgoi licenses," Turquoise Hill spokesperson Tony Shaffer told Reuters Tuesday. The Rio-controlled firm holds a 66% stake in the Oyu Tolgoi project. The Mongolian government owns the rest.

While Oyu Tolgoi is the country's highest profile mining operation, Mongolia hosts a number of other copper, gold and coal mines and projects, including Canada’s Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new gold project was richer than previously thought.

Australian explorer Xanadu Mines (ASX:XAM) is also among the established companies in Mongolia, with its underway Kharmagtai copper-gold project, south-east of Ulaanbaatar, returning exceptional results in the first months of this year.

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Ford to move US production of Focus to China www.bbc.com

 
Ford is to move US production of its new Ford Focus car to China in 2019, despite having faced pressure to keep manufacturing jobs in America.
The carmaker said the decision would not lead to layoffs in the US.
But the move marks another change to its plans for producing the new Focus.
The firm in January scrapped plans to move US production to a new $1.6bn (£1.3bn) plant in Mexico after criticism from Donald Trump.
Currently, Ford makes its Focus cars in Michigan, Germany and in China.
But it has seen sales of the model fall in the US, while demand for larger vehicles remains.
It was planning to move US production of the Focus to a new factory near San Luis Potosi in Mexico.
That decision drew fierce criticism from the US president, who has routinely blasted car makers and other companies for importing goods from other countries, including China and Mexico.
In January, Ford said it would abandon the new factory and move production to an existing plant in Hermosillo, Mexico instead. At the time, the company said it would use the savings to invest at a different plant in Michigan working on electric cars.
But Tuesday's announcement means Ford will make the new Focus in China, instead of Hermosillo - producing $500m in savings.
The move to China will not affect employment levels in Hermosillo, which produces other models, said spokeswoman Kelli Felker. It also does not affect the plans for the additional investment in Michigan, she said.
The Michigan plant currently producing the Focus will switch to making trucks in 2018, with the same number of hourly workers, the firm said.
Ford also said it would invest $900m to retool an SUV plant in Kentucky.
Ford updated the White House about its new plans on Tuesday, Ms Felker said. She said the firm had been considering the move for some time.
White House spokesman Sean Spicer on Tuesday said Ford's plans - which could have a large impact on US parts suppliers - underscored the need for tax reform, to help make domestic manufacturing more competitive.
New leadership
The investments are some of the first announced under new leadership at Ford.
The company named Jim Hackett as the new chief executive in May after pressure from shareholders to improve the firm's performance.
Joe Hinrichs, an executive vice president at Ford, said the savings from the move to China would allow the firm to invest in parts of the business that are growing, such as SUVs, electric cars and other areas.
"Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company," he said.
Ford sold about 67,150 Focus cars in the US in the first five months of 2017, down almost 20% from 2016.
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New transit service across Mongolia and Slovakia www.railwaypro.com

TransContainer, Far East Land Bridge (FELB) and RZD Logistics have successfully introduced a new transit container service from China to Hungary across the territory of Mongolia, Russia, Ukraine and Slovakia.

The first freight train, which consisted of 41 40-foot containers with clothes, electronics and various equipment, departed from Changsha (Hunan province) on 27 May and arrived in Budapest (Hungary) on 15 June. Customs clearance of goods, phyto-measures, as well as cargo transshipment to a narrow gauge were fulfilled at TransContainer terminal in Dobra (Slovakia). The overall transit time across the territory of countries with track gauge of 1520 mm was 13 days.
FELB operated the service, RZD Logistics forwarded the freight across Russia and TransContainer provided the rolling stock, equipment and terminal service for cargo processing. ZSSK Cargo – the subsidiary company of Železnice Slovenskej republiky – became the project’s partner.
“We believe that clients who need to deliver cargo to Central and South Europe will be especially interested in this service. The successful experience of transportation across this route allowed to reduce the transit time by several days, whereas due to our own capacities in Dobra customs processing and transshipment to European track gauge are fulfilled in much shorter time”, Sales and Business Development Director of PJSC TransContainer Alexander Podylov, said.

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Czech CASA plane to take Przewalski's horses to Mongolia again www.praguemonitor.com

Prague, June 19 (CTK) - A Czech military CASA aircraft with four mares of the Przewalski's horse aboard left this afternoon for Mongolia where they will be returned to the wild after a 20-hour 6000-km flight over two continents with stop-overs in Kazan and Novosibirsk, both Russia.

This has been a seventh such transport of animals in which military pilots train long-distance flights and landing on an unpaved ground.

Jaromir Sebesta, commander of the Czech air force, said the military CASA aircraft is not destined for long flights, but it offers sufficient comfort to the animals.

One of the four mares travelling to Mongolia is Saranqua, which was born in the Prague Zoological Garden as the 222nd young of the Przewalski's horse.

Two other mares come from German zoos and the fourth from Denmark.

Twenty-two mares and one stallion have been transported from Prague to Mongolia by a military plane since 2011. The project is financed from a fund to which Prague Zoo visitors contribute with two crowns per entrance ticket.

Twenty-five years will pass since the launch of the project of returning the Przewalski's horses into their natural habitat this year.

Prague Zoo director Miroslav Bobek says the salvation project is successful and that the horses reproduce in Mongolia.

The first transport to Mongolia was carried out in June 1992. Since 2011, the Prague Zoo has organised transports to western Mongolia independently. It has returned 27 animals to their original environment, including 23 from the Czech Republic and four within Mongolia.

This autumn or next spring, the Prague Zoo will take Przewalski's horses to China, but not in cooperation with the military.

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Mazaalai satellite to orbit over Mongolia 5-6 times per day www.montsame.mn

Ulaanbaatar /MONTSAME/ Following “SpaceX Falcon 9” rocket launch, which delivered Mongolia's first satellite “Mazaalai” into space, a ceremony was held to award certificates to the investors and sponsors at the National University (NUM) of Mongolia on June 19.

Under the auspices of the Prime Minister of Mongolia, a total of MNT 145 million was funded from the state reserves. And the remaining fund of the satellite was collected from the investment of the Government of Mongolia, State Special Commission and National Emergency Management Agency. Furthermore, the ground station at NUM was funded by the donations and support of public, student union of NUM, Student Congress, students and professors of NUM.

According to the team, Mazaalai satellite will orbit over Mongolia 5 to 6 times a day and will conduct four scientific experiments in space.
Locate position using the reverse GPS method with the help of 7 international ground stations of the BIRDS project,
Determine speed change of the satellite after locating its position,
Determine air density,
Research cosmic radiations in the low Earth orbit.
The satellite will be installed on July 7 and officially start operation once the ground station at National University of Mongolia receives the first signal, which will be the national anthem of Mongolia.

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Bank of Mongolia issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia issues 1 week bills worth MNT 595.6 billion at a weighted interest rate of 12.0 percent per annum.1 - week CBBs, a main monetary policy instrument of BoM, plays an important role on managing the reserves of the banks. This CBB rate represents BoM’s policy rate guides interbank money market. In July 2007, the CBB with stable rate and unlimited bidding was introduced with auctions to be held on every Wednesday. This really had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. There has been a substantial change in the way banks manage their reserves since then. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB has been held in a type of competing by rate since May 2005. The auction average rate is the targeted rate variables in +/-2 percent from the policy rate and it frames to make the interbank rate as the operational target in midterm.

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MBD "B2B" ANNOUNCEMENT www.mongolianbusinessdatabase.com

A potential Japanese company founded in 1951 (1.2 bln yen annual sales) is seeking a business opportunity with Mongolia.

The main activity of the company is wheat flour, high standard rice, noodle and sake production and export but there's an opportunity to consider the prospective Mongolian product import and sale through its more than 1500 stabled outlet network in Japan.

Please contact at contact@mongolianbusinessdatabase.com and 77109911, 98994787, 99066062 for information in details.

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21 aimags and 285 soums being connected to internet www.montsame.mn

Ulaanbaatar /MONTSAME/ Today on 19 June, a launch event of ‘E-soum’ project, which is being implemented by the Government, was held at Shangri La Hotel. The Government has formulated policies and is implementing several programs and projects targeted at the development of information and communications sector. Electronization of soums is being implemented in three stages within the programs and projects.

On the first stage, wireless and landline internet service became accessible in 118 remote soums and on the second stage, wireless internet network was established in 136 soums, providing soum residents with inexpensive internet service. During the third stage, the project launched today is connecting some 80 soums and settlements with wireless internet. Therefore, now 21 aimags and 285 soums are having a wireless broadband internet connection.

PM J.Erdenbat delivered speech at the opening ceremony. “- Every Mongolian citizen has a right to receive services and information of state organizations transparently, promptly and independently on location and time, gaining access to the most reliable and universal communication service. We are working with an aim to make state service equally accessible and inclusive, reaching for citizens of remote soum, settlements and the countryside, changing the current situation that citizens move to bigger settlements to receive state services. We are launching a project to newly connect 73 soums with wireless and landline internet in 2017 within ‘E-soum” project. The project will give benefits to over 800 thousand people in remote soums and settlements and it is essential to improve their involvement of state policy development, access of state services as well as to make state organizations operate transparently and without bureaucracy ” PM said.

Executive Director of “Mongolia Telecom” company M.Altan-Ochir said “ – Internet connection becomes available in all over the soum center territory. State organizations of soums including Citizens representative meeting, governor’s office, hospital, police, kindergarten and schools are connected to internet. Moreover people can use any device to be connected to internet. A total of MNT2.5 billion was spent for it. Our company also made some funding for it. We are in charge of the internet operation and services further”.
“Mongolia Telecom” company is now working on introducing ‘E-soum’ application for administrative organization of soums to establish interior network between organizations, distribute information promptly and to make state service accessible to citizens through internet.

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Mongolia hailed for efficiency steps www.airlines.iata.org

IATA has welcomed the steps the Mongolian Civil Aviation Authority is taking to help airlines improve efficiency and reduce greenhouse gas emissions.

Mongolia has taken significant action in improving air traffic management infrastructure, through continued implementation of Performance-Based Navigation (PBN) routes.

Air Navigation Service Providers (ANSPs) use PBN technologies to allow aircraft to travel as quickly and safely as possible, optimizing efficiency and reducing aviation’s carbon footprint.

IATA’s initial estimates show that Mongolia’s actions in implementing PBN routes have resulted in annual reductions of 240,000 nautical miles, 24,000 flight minutes, and 2,250 tons of fuel burn, compared to the previous infrastructure.

In a statement, IATA said it was "eager to continue its valuable collaboration with Mongolia, striving to continue to improve the efficiencies of the flights operating in the region—via Mongolia—most of which are long haul."

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