1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     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    

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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J.Munkhbat: We aim to make Mongolia again favorable country for investors www.montsame.mn

Ulaanbaatar /MONTSAME/ J.Munkhbat, Head of the Cabinet Secretariat for Government and head of the Investor Protection Council (IPC), has addressed the August meeting of the American Chamber of Commerce in Mongolia organized with support from the US Embassy in Mongolia.

“The Mongolian economy which saw a downturn last year has started increasing to 5.3%, and the budgetary income steadily growing up since 2017. This is a result of a policy, actions and cooperation performed with the International Monetary Fund, other organizations and countries. Confidence of foreign investors in Mongolia is reviving, brining some profit to companies. I wish Mongolia became again a favorable country for foreign investors,” said Munkhbat at the opening of the meeting.

The Cabinet Secretariat Head expressed thanks to Ms Jennifer Zimdahl Galt, the Ambassador of the USA to Mongolia, for supporting certain works by the government to improve the environment for investors.
“Mongolia has satisfied the IMF conditions, so the sustainable development policy and goals must be ensured. It has become a clear from statistical information that the parties should collaborate in upgrading the legal landscape on investment, tackling complaints, disputes and requests from investors and not repeating any controversial situation,” he noted.

At the meeting, investors touched upon issues of instability of the Mongolian government, regular changes of laws, which leading dubious condition, and complained about bureaucracy of state servants. They also clarified some planned actions for backing investors through the tax policy, focusing attention to infrastructure of big projects and programs and attracting new investment.

Last year, the World Bank Group made a survey among 33 foreign and domestic enterprisers to observe the state services, and then valued it as ‘seriously poor’ at resolving complaints and requests. Related to the complaints, investment of USD 1.9 billion has been considered as risky.

Due to the reason, the IPC has formulated a draft rule on considering and tackling requests and complaints from investors towards state administrative bodies and servants in order to protect investors’ interest and to make the legal environment more stable and favorable. In addition, a draft law will be submitted to parliament soon on abolishment of contravention and duplication in laws.

Head of the Cabinet Secretariat is expected to meet investors and businessmen of Australia and the UK in near future to hear their opinions and ideas.
B.Khuder

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"SUU" JSC to pay dividends www.montsame.mn

Ulaanbaatar /MONTSAME/ According to the Board of Directors' meeting of “Suu” JSC held on 04 August 2017, "Suu" JSC announced that the Company will distribute MNT3.44 billion to its shareholders by a dividend of MNT 10.00 per share.

The record date is April 05, 2017 and the dividends will be placed in the shareholders’ accounts held at Mongolian Central Securities Depository starting from September 04, 2017.
Source: MSE
B.Tugsbilig

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No 1 producer joins copper rally skeptics as price hits new 3-year high www.mining.com

December copper futures trading on the Comex market in New York made fresh highs on Tuesday on signs of supply tightness.

Copper touched $3.1215 a pound ($6,882 per tonne) in morning trade, the highest since mid-September 2014 before paring some of the gains. Copper is now up close to 50% compared to this time last year.

According to Reuters weekly copper stocks in warehouses registered by the Shanghai Futures Exchange declined by more than 8% over the past week to 187,444 tonnes while in LME warehouse so-called on-warrant inventories – those not earmarked for removal – have halved to 112,950 tonnes over the past six weeks.

No 1 producer joins copper rally skeptics as price hits new 3-year highIn contrast Comex stocks have climbed to levels last seen in 2004 and at 181,072 this week have tripled since November 2016, at least in part due to unprecedented speculative interest from hedge funds.

On Tuesday, the chairman of the world's number one producer, Chile's Codelco, joined the chorus expressing doubts about the sustainability of the recent rally:

"I'm a little skeptical…in the short-term," Oscar Landerretche said a mining conference in Chilean capital Santiago. "It's true that all of the fundamentals are good in the medium- and long-term…but I would be very cautious."
Codelco produced over 1.8m tonnes of the red metal in 2016, a 3% drop over the previous year but the state-owned firm managed to stay ahead US-based Freeport which expanded output by 12% last year to a shade under 1.7m tonnes. Codelco is likely to retain the copper crown after Freeport agreed to sell a majority stake in its Grasberg mine to the Indonesian government.

Analysts polled before copper's latest run up gave forecasts well below the ruling price. Investment banks and other institutions polled by research firm FocusEconomics forecast that prices will average $5,722 per tonne in Q4 2017 and $5,832 per tonne in Q4 2018. The lowest forecast for Q4 2017 was $4,899 per tonne, while the maximum forecast was $6,200 per tonne.

Whether copper's 13% rise in little more than a month will convince the smart money to lift their low-ball projections remains to be seen.

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Mongolian Mining Corporation's profit reaches USD 311 million www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian Mining Corporation (“MMC” Group) announced its semi-annual interim results on August 28.

MMC maintained its leading position as the major washed coking coal producer in Mongolia. In the first half of 2017, the Group sold approximately 2.3 Mt of coal products, representing an increase of 292.7% compared to 0.6 Mt of coal products sold in the first half of 2016, generating a total revenue of USD 245.9 million which was increased by 691.7% year-on-year. The average selling price (ASP) for washed hard coking coal (“HCC”) was USD127.7 per tonne, up 144.6% year-on-year.

During the period under review, the profit attributable to the equity shareholders of the Company amounted to approximately USD 311.7 million, mainly contributed by increased ASP, higher sales volume of coking coal products due to strengthening market conditions, and gain from debt restructuring.

On 4 May 2017, the Group completed the successful implementation of the debt restructuring, the total gain from the debt restructuring recognized by the Group amounted to USD 263.0 million.

Dr. Battsengel Gotov, CEO of MMC said “With improved market conditions, the Group will aim to maximize its production and sales volumes in 2017 in a safe manner. We will also continue to optimize our transportation and logistics efficiency by implementing strategic change solutions. Increasing sales volume will be achieved by adopting aggressive marketing strategy to expand market penetration with direct access to ultimate end-user customers”.

Source: MMC
B.Tugsbilig

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The Russian troops have thrown to Mongolia on doctrines www.newswell.info

Divisions of the Eastern Military District are thrown to Mongolia for participation in joint exercises Selenga. Have reported about this TASS in district press service. Divisions are developed on the Zuunbayan ground in the central Mongolia. "Divisions have unloaded military equipment and have made a march to the field camp which was beforehand prepared by the Mongolian side" — have reported in the district. The ceremonial opening of doctrines will be held on Monday, August. This year they for the first time will pass in difficult climatic conditions of the Gobi Desert. A subject of maneuvers — working off of interaction at liquidation of illegal armed groups. Doctrines will last till September, more than one thousand servicemen on both sides are involved in them. TASS reports that from the Russian side to Mongolia are thrown about people from structure й the separate motorized rifle brigade which is constantly deployed in Kyakhta Buryatia. Joint exercises of armed forces of Russia and Mongolia are conducted on an annual basis since a year. About one year they were called Darkhan, with го — Selenga.

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Putin, Mongolian President Agree to Hold Talks at Eastern Economic Forum www.sputniknews.com

Russian President Putin and Mongolian President Battulga agreed to conduct negotiations during the Eastern Economic Forum in Russia's Vladivostok in September.
BUDAPEST (Sputnik) — Russian President Vladimir Putin and his Mongolian counterpart Khaltmaa Battulga on Monday agreed to hold detailed talks on the sidelines of the Eastern Economic Forum in Russia's Vladivostok in September.

During the meeting, Putin noted positive dynamics in the Russian-Mongolian trade turnover, which showed a 34-percent growth in the first half of 2017. The Russian president also mentioned positive developments in political and economic relations between the two countries.
"We will have a lot to discuss in detail in Vladivostok," Putin said.

The third Eastern Economic Forum will take place on September 6-7. It was established in 2015 as a platform for cooperation between business and political representatives from Russia and the Asia-Pacific region.

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Mobile Bank transactions reach MNT 3.1 trillion www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia’s mobile bank statement reports that Mobile Bank transaction in the first quarter of 2017 reached MNT 3.1 trillion, showing 2.7 times increase compared to the same period of previous year.

Also, a total of 2.8 million people has been using the mobile bank application. More and more advanced technologies with easier online transaction systems are being introduced to the market. For example, local commercial banks are opening their online platforms and new services for smart phones.

Trade and Development Bank has introduced #TDBPAY, a new transaction service for both business owners and buyers.

Using QR codes, Trade and Development Bank and Khan Bank users can now receive and make transactions. The user’s account information is changed into QR code and can be used on every commercial bank’s mobile applications. Also, Golomt Bank has introduced “Socialpay” service. Using the "Socialpay", the user can use their social network accounts, such as phone number, e-mail address, twitter and facebook accounts, to make transaction and locate nearby people for transaction using their smart phone’s GPS service.

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Mongolian export increase by 38 percent www.news.mn

Mongolia traded with 145 countries during the first seven months of 2017. Cumulative trade turnover reached USD 5.9 billion; export accounting for USD 3.5 billion and imports for USD 2.3 billion. During the reporting period, the total trade amount increased by USD 1.5 billion or 33.9 percent, exports by USD 979.2 million or 38.5 percent and imports by USD 504.1million or 27.5 percent on the previous year.

The reason why imports increased by 27.5 percent is largely due to the USD 183.8 million rise in mining imports; diesel imports increased by USD 141.4 million, electronics or motor vehicle equipment by USD 116.3 million, metal products by USD 55.6 million and auto fuel by USD 33.9 million in the first seven months of 2017.

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L.Purevsuren: Mutually beneficial and friendly cooperation will be exercised in ties with China and Russia www.gogo.mn

The following is an interview with Mr. L.Purevsuren, the Foreign Policy Advisor to the President of Mongolia.

-Have the dates for foreign visits of the new President been set? From what we have heard, the President is starting his visits abroad from the two neighboring countries. 
-President Battulga will attend the Eastern Economic Forum, expected to take place between the 5th and 7th of next month in Vladivostok of Russia, at the invitation of the Russian president. He is not only attending this forum, but also plans to pay a working visit. It is expected that our President will exchange views on Mongolia-Russia relations with Vladimir Putin, the President of the Russian Federation.

-It has been reported that the President is also heading to Budapest at the end of this month for the World Judo Championships. 
-Although the President had been elected the head of state, he is still leading the Judo Association of Mongolia. The World Judo Championships will be held in Budapest, later this month, as well as the election for IJF President. It is expected of him to participate in this event as a leader of national judo association of the country. However, of course, the Hungarian side will welcome the President as the head of state of another country. It is a private visit for the President and all costs will be covered by the President himself.

-What outcomes are expected from the Eastern Economic Forum for Mongolia?
-It will be the first time for Mongolia to take part in an important regional economic gathering in Northeast Asia on the level of head of state. The President will also be accompanied by representatives of businesses, related officials and several ministers. Russia, China, Japan and South Korea and other regional countries are sending high-ranking representatives of politics and business. EEF will also incorporate a Mongolia-Russia Business Forum, during which we plan to present major projects intended to be run by the Government.

-What issues can be resolved during President’s visit to Russia?
-Our two countries have active and friendly ties in politics. However, it is not the case when it comes to economic cooperation. We need to renovate the joint railroads and widen the corridors. There are also the unresolved problems of energy cooperation and infrastructure. The foremost priority of the President will be export-targeted production of Mongolia. The number of livestock in Mongolia is already exceeding 80 million. The Siberian market used to be a platform for Mongolia. Unfortunately, as of today, we are being unable to export meat, wool and leather on this market. This matter will be considered very seriously during the meeting of two presidents. The President has set a goal to bring the Mongolia-Russia ties to new heights. The dialogue, in my opinion, will become an important step to determine the future perspective of relations between Mongolia and the Russian Federation.

-What are the priority areas of foreign policy, as defined by our new president?
-In foreign policy, continuance is the most crucial. The concepts of National Security and Foreign Policy of Mongolia both provide that maintaining balanced and equal ties with the two neighbors is a priority in the country’s foreign policy. Therefore, President Battulga attaches great importance to ties with the neighbors. Until 1990, Mongolia’s southern border was closed and we had relations only northward. Nevertheless, economic ties with our northern neighbor have almost disappeared within the last 27 years. The economy has inclined towards the south. The President means to fix this. Nonetheless, it will not mean that Mongolia will be paying all its attention to the relations with Russia and limiting the cooperation China, in the sake of what is reflected in the Concept of National Security. Relations with China will be expanded in the future, as well. The President wishes to upgrade Mongolia’s relations with Russia to the level of that between Mongolia and China in a very short period. Because our new president comes from business sector, he follows a principle that any deal must be mutually beneficial, so that it can survive in a long-term. 
He also takes a stance to maintain the development of “third neighbor” policy. In that order, he will also hold meetings during the Vladivostok forum with the Prime Minister of Japan and the President of the Republic of Korea. High technologies are the key to industrial development. However, it needs major financing, which requires the involvement of third neighbors. Another focus will be this.

-Mongolia has an observer’s status in the Shanghai Cooperation Organization (SCO). Can this status be changed?
-Mongolia is the first observer in the Shanghai Cooperation Organization, and 12 years have passed since the status was granted. Situations in SCO have been changing, as well. At first, it was the “Shanghai 5”, and now it has become “Shanghai 6”. During the last SCO Summit in Astana, India and Pakistan joined SCO afresh. With these entries, SCO has now turned into a major organization, broadening its horizons throughout the region. Mongolia is watching very closely where this alliance heads. We need to carefully observe whether it is going to be an economic platform or a military-political union. Mongolia should keep up with other countries if SCO is going to be an economic alliance. This means the issue of Mongolia’s entry to SCO also depends on the organization’s own motives.

-Mongolia is left out of the Belt and Road Initiative of China. Mongolia is supposed to be one of its closest neighbors. However, the route to London and gas pipes from Russia are not passing through Mongolia. Will the President implement policies in order to get involved in the Belt and Road?
-It may seem very obvious that our country is left out, because previously the Trans-Siberian railway, the only railway that used connect Asia with Europe passed through Manjuur and Mongolia, but today, the situation has changed and there are more corridors and passages. We have obviously been trying to be an active player in this. This is the reason why the initiative of Economic Corridor between Mongolia, Russia, and China has come up in the first place three years ago. The agreement was signed a year ago by the three sides. A total of 32 projects have been designated, being considered the most viable. Most of these projects include works that have to pass through Mongolia to connect Russia and China. This is high time we decided which project to start with.

-Is it true, during your attendance at the inauguration ceremony of the Iranian president, you have told a local media that Mongolia is against the US sanction on North Korea?
-It is false information. An inauguration ceremony was held on August 5 for President of Iran Hassan Rouhani after him being re-elected to the office. As the Foreign Policy Advisor and special envoy of the President of Mongolia, I attended this ceremony, which attracted delegates from 105 countries and 25 international organizations. Heads of state of 20 countries and many other high-ranking officials were invited. I was welcomed at the airport by a head of Standing Committee of the Parliament of Iran on August 4. We talked for a while and headed to the hotel. During our meeting, an Iranian TV Channel was recording us. I have not made any statement at that time. I would like to responsibly note that no statement have been made about Mongolia being against the US sanctions. As a member of the United Nations, Mongolia is obliged to follow the decisions made by the UN toward the Democratic People’s Republic of Korea, especially the sanctions on that matter.

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Markets rattled by North Korean missile launch www.cnn.com

Stocks in the U.S. and Asia dropped after North Korea fired a missile that flew over Japan.
South Korea's benchmark Kospi index fell 1% in morning Asian trading Tuesday, while Japan's Nikkei sank 0.8%.
Japanese Prime Minister Shinzo Abe called the launch a "serious and grave" threat to his country, a key U.S. ally in the region.

Analysts said the situation over North Korea remains a concern for investors.
"It is going to move back into the headlines and be a cause of volatility for the market," said Art Hogan, chief market strategist at Wunderlich Securities.

U.S. markets had closed for the day when reports of the launch began to emerge. But stock futures were down around 0.5% late Monday, signaling caution in response to the development.
Gold, which tends to benefit from market fear, rose 0.7%. The Japanese yen, a safe haven currency, rose 0.8% against the U.S. dollar.
The Pentagon said North Korea launched a missile that flew over Japan and landed in the Pacific Ocean. The launch prompted warnings for residents in Japan to seek shelter.
A U.S. official said spy satellites had been observing preparations for a ballistic missile test that could reach Guam. The official says the assessment is ongoing.
This launch comes only days after Pyongyang fired off three short-range ballistic missiles in the midst of U.S. and South Korean military exercises in the region.

 
 
 
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