1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      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     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17    

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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Kuwait opens a housing project for Mongolian flood victims www.news.mn

Kuwait has opened a housing project in Mongolia for the victims of the floods in the western province of Bayan-Ulgii, said a statement Wednesday. In the Muslim majority Bayan-Ulgii province, the USD 274,538 Fareej Al-Kuwait (Kuwait's neighborhood) project was opened in the presence of Kuwaiti Ambassador to Mongolia Khaled Al-Fadhli.

In a statement by the Kuwaiti Embassy, Ambassador Al-Fadhli said that the project consisted of 35 housing units, a Mosque, a medical facility, and a recreational park for children.

Previously, Kuwait's Ministry of Awqaf and Islamic Affairs provided around USD 60,000 to construct wells for drinking water and electricity in the flood-stricken areas. Other Kuwaiti charitable societies provided a sum of USD 81,000 to the Kuwaiti embassy last February as part of the winter assistance initiative to Mongolia.

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Share Activity Lifted for Mongolia Energy Corp Ltd (0276.HK) in Session www.stockdailyreview.com

Shares of Mongolia Energy Corp Ltd (0276.HK) is moving on volatility today -1.31% or -0.003 from the open. The HKSE listed company saw a recent bid of 0.226 on 1632250 volume.

Often times, investors may become worried when the stock market is highly volatile. Being prepared for volatile situations can help ease the fears that come along with turbulence. Following a well-crafted plan might help ride out the ups and downs that are a normal part of dealing with the market. Investors should be prepared for market situations that provide ample opportunities. Although market downturns can be unsettling and cause panic, investors who are able to stay the course and keep calm may be able to spot good buying opportunities when the wider market is selling. 

Taking a deeper look into the technical levels of Mongolia Energy Corp Ltd (0276.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -85.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Mongolia Energy Corp Ltd (0276.HK) currently has a 14-day Commodity Channel Index (CCI) of -134.84. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Mongolia Energy Corp Ltd’s 14-day RSI is currently at 44.24, the 7-day stands at 36.86, and the 3-day is sitting at 19.83.

Currently, the 14-day ADX for Mongolia Energy Corp Ltd (0276.HK) is sitting at 24.45. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 0.26, the 50-day is 0.23, and the 7-day is resting at 0.23. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

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New train service on Trans-Siberian corridor swaps loads in Mongolia www.railfreight.com

A new regular container train service was launched on the Trans-Siberian route between China and Russia. The service makes the return of empty trains unnessecary, as trains departing from both countries meet in Mongolia, where they swap their load and return to their point of departure. 

The service was launched by RZD Logistics, a multimodal logistics operator in the CIS and Baltic countries and runs between Chengdu (China) and Vorsino (Russia). On the 13th of September, the first train departed from Vorsino, while the train from China departed on Tuesday. On Friday, they will meet at the border point of Zamyn-Uud (Mongolia).

Container swap
The containers will be removed from one train to another without any delay. Taking into the account the rail gauge difference between the Chinese and Mongolian railroads, the method will maximally reduce the delivery time, explained RZD Logistics. The train from Vorsino is scheduled to return to its base on the 2nd of October, whereas the train to Chengdu will arrive on the 26th of September.

The train consists of forty one 40-foot containers and marks the first shipment of a regular train service across the Siberian region, once every two weeks. The route has been launched in the framework of Russia’s ambition to increase non-resource export from Russia to China.

Boost in China-Russia services
Volumes of container freight moved by rail between China and Russia have increased significantly this year: rail freight traffic between the countries increased by 19 per cent in the first six months, on a year-to year basis. A total of 35.2 million tonnes of freight were transported in this period, revealed Russian Railways last week according to the Russian site Port News.

Russian Railways and China Railways have implemented a number of measures to simplify the procedures for issuing shipping documents and forming supply chains. In June this year, they signed an agreement on the exchange of electronic data for the carriage of goods in international rail transport, to ensure the transfer of shipping and accompanying documents in real time.

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EBRD First Vice President Bennett to visit Mongolia www.ebrd.com

EBRD First Vice President Phil Bennett will visit Mongolia next week to meet the interim government and the business community. It will be the first visit of a member of the Bank’s Executive Committee since the adoption of the new country strategy for Mongolia in June 2017.

During his three day-visit, which begins on Monday, Mr Bennett will meet the Mongolian authorities in the capital Ulaanbaatar. He will also visit the Oyu Tolgoi mining project and the local cashmere maker Gobi. Both companies are EBRD clients.

In Mongolia, Mr Bennett will be accompanied by Frans Weekers, EBRD Board Director Netherlands, Mongolia, FYR Macedonia, Armenia and China; and Irina Kravchenko, EBRD Head of Mongolia Office since April 2017.

The EBRD’s first step in Mongolia was the arrival of the Advice for Small Business team in 2001, five years ahead of banking operations. Since then the Bank has invested €1.4 billion in 86 projects in the country and has become the largest institutional investor in Mongolia. Most of the EBRD’s investments are in the private sector, and the Bank’s portfolio ranges from mining and microfinance to green energy.

With the Tsetsiii wind farm, signed in September 2016, the EBRD became a pioneer in renewables in Mongolia, a country characterised by extreme weather conditions and a rapidly growing demand for electricity. The wind farm will help supply Mongolia's power demand with clean, eco-efficient electricity by harnessing the country's vast and inexhaustible wind resources.

The new country strategy for Mongolia defines diversification, sustainable growth, responsible mining, private sector support and infrastructure development as the Bank’s priorities in the country. According to its latest forecast from May the EBRD expects Mongolia’s economy to grow by 2.8 per cent in 2018.

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Mongolia's tiny stock market soars on coal trade renaissance www.reuters.com

ULAANBAATAR, Sept 21 (Reuters) - A boom in the coal trade in Mongolia has helped elevate the country’s benchmark stock index and pump the tiny exchange’s market capitalisation to five-year highs as optimism about the economy grows following a bailout deal.

Coal miners in the landlocked north Asian country are set to increase production on the back of improved market conditions as demand grows from top trade partner China. Mongolia has helped fill a supply gap following Beijing’s ban on imports from North Korea and some smaller ports, as well as the closure in China of mines from tougher environmental regulations.

A $5.5 billion bailout approved by the International Monetary Fund (IMF) this year has also helped underpin positive market sentiment, although the disbursement of funds was delayed earlier this month when the government was toppled in a parliamentary no-confidence vote.

“Coal exports into China were growing very quickly in the first half of this year,” said Dashdorj Bilguun, director of capital markets at Golomt Capital in Ulaanbaatar.

“That’s translated into higher than expected GDP growth.”

Foreign interest remains limited and the market is thinly traded but the market’s headline performance has nonetheless been impressive.

The Mongolia Stock Exchange Top 20 Index has soared more than 45 percent since the start of the year to highs not seen since March 2012.

Total capitalisation of the market, meanwhile, for the first time surpassed the 2 trillion tugrik ($812.35 million) mark on Monday.

That’s an increase of more than 40 percent over last year and the highest - in local currency terms - since 2012, when the economy grew 12.3 percent. In dollar terms, however, market cap is smaller than it was five year ago because the tugrik has nearly halved in value against the dollar.

Mongolia reported 5.3 percent growth in the first half of 2017 with coal exports more than quadrupling over the same period the year before.

Leading the share market charge is Tavantolgoi JSC , a partially state-owned coal company in the Gobi Desert.

Drink maker APU JSC, another heavyweight, was also up on news of its planned merger with Heineken’s beer and vodka business in Mongolia, which was announced in July.

Tavantolgoi’s share price has risen by nearly five times over the past 12 months, while APU’s is up more than 50 percent.

Combined, both companies account for close to half of Mongolia’s entire market capitalisation.

There are risks to the rally. Political uncertainty has returned with the ousting of the prime minister and cabinet by lawmakers this month.

And coal exports may face troubles in the coming months as bottlenecks at the Chinese border slow trade.

But the domestic market is now likely to find more persistent support with a new government tax on savings interest giving local investors cause to look for places other than the bank to park their money.

“The money is flowing to corporate bonds and stocks,” Bilguun said.

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More bad news for copper price www.mining.com

Copper futures trading on the Comex market in New York turned lower again on Thursday after indications that top consumer China will be well supplied with concentrate going in the the fourth quarter.

Copper for delivery in December declined 1% to 2.92 a pound ($6,437 a tonne) in early afternoon trade. Earlier this month copper touched a three-year high just shy of $3.18 a pound (more than $7,000 a tonne).

But disappointment about imports by China, rising stock levels at LME warehouses and fewer mine disruptions saw the rally come to a screeching halt.

Today more bad news hit the market.

In a sign that primary copper supply is far from tight, Chinese smelters just hiked their treatment and refining charges by as much as 10%.

TC/RCs paid by mining companies to turn concentrate into metal are a good indication of conditions in the spot market.

The 10-member China Smelters Purchase Team (CSPT) set the minimum level for treatment fees at $95 per tonne and hiked refining charges to 9.5 cents per pound at their latest meeting in Shanghai on Thursday, according to a Reuters report.

That's up from $86 in the current quarter and the highest since Q4 2016 when copper was averaging $2.40 a pound ($5,290 a tonne):

Daniel Meng, head of China materials research at CLSA in Hong Kong, described the TC/RCs as a "very good result" for the smelters and said he had not expected such high rates as supply and demand were broadly seen as balanced.

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Trading report www.mse.mn

On September 21, 2017, 246,829 shares of 27 firms listed as Tier I, II, and III were traded. 14 firms’ shares increased, 10 decreased in price and 3 remained unchanged. Moninjbar JSC was the top performer, increasing 14.96 percent, whereas Darkhan Nekhii JSC was the worst performer, decreasing 12 percent.

On the secondary market for government bonds, a total of 6 bonds worth MNT 581,640 were traded.

The MSE ALL index rose by 0.14 percent to stand at 1054.87 points. The MSE market cap stands at MNT 2,046,890,308,144.

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Construction begins in China-Mongolia cross-border economic zone www.xinhuanet.com

HOHHOT, Sept. 21 (Xinhua) -- China 22MCC Group Thursday signed an agreement on infrastructure programs with the municipal government of Erenhot, China's largest hub for cross-border trade with Mongolia, marking the official beginning of construction on the China-Mongolia economic cooperation zone.
Under the agreement, China 22MCC Group is responsible for the construction of underground pipelines, office buildings, roads and plants within the Chinese section of the zone. The total investment for the projects is around 824 million yuan (125 million U.S. dollars).
Construction of the infrastructure will take two years, and China 22MCC Group will be the operator of the facilities for another 13 years.
In 2015, China and Mongolia agreed to dedicate 9 square kilometers on each side of the border to a joint economic zone, which comprises land in Erenhot, Inner Mongolia Autonomous Region and Zamyn-Uud, Mongolia. In May 2016, the two countries formally agreed on a comprehensive plan for the economic cooperation zone, which is expected to bolster trade in the China-Mongolia-Russia economic corridor.
The zone is a all-inclusive platform integrating international trade, logistics and warehousing, e-commerce, tourism and entertainment, as well as international finance.

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Some 120 projects being implemented with State budget financing www.montsame.mn

Ulaanbaatar /MONTSAME/ Acting Minister of Finance gave a report during the Cabinet Meeting held September 20 about performance of projects and measures, which are being implemented with financing from the Development Bank of Mongolia (DBM), under repayment terms.

Obligations were given to relevant Acting Ministers and the Governor of Ulaanbaatar city to intensify the financing for the projects and measures, and to properly spend the approved money within the fiscal year.

38 projects and measures out of 52 have been completed within money funded from the package of the Minister of Road and Transportation. 12 projects and measures are continuing with performance rates of 10-80 per cent, and two projects have not started yet. As being placed in the Minister’s package, total size of money for the projects and measures is over MNT 101 billion.

The package of the Minister of Energy included 27 projects and measures. Among them, 12 ones were finished, and seven projects are being realized with 74-89 per cent performance.

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Belarus-Mongolia economic cooperation on the rise www.eng.belta.by

MINSK, 20 September (BelTA) – The economic cooperation between Belarus and Mongolia has intensified, Belarus' Industry Minister Vitaly Vovk said during the meeting with Purev Sergelen, Minister of Food, Agriculture and Light Industry of Mongolia, BelTA learned from the website of Belarus' Industry Ministry. "Thanks to the implementation of the agreements reached during the previous meeting of the Belarus-Mongolia commission we have made progress in our economic relations. However we should not be satisfied with what we have already achieved. We should move forward and increase the bilateral trade," Vitaly Vovk said. During the meeting of the Belarus-Mongolia joint commission, the sides discussed the prospects of cooperation in agriculture, food and light industry, transport, mining, construction, urban development, healthcare and environment. The Mongolian official delegation met with the Belarusian counterparts and visited several Belarusian production facilities including MTZ, BelAZ and MAZ automakers. In January-June 2017 Belarus' Industry Ministry companies exported some $2.5 million worth of products to Mongolia, which was up by 4.4% over the same period a year earlier.

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