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

64x64

SUU JSC presents its 2017 semi-annual operational and financial report to public www.montsame.mn

Ulaanbaatar /MONTSAME/ "Suu" JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to the public at MSE on August 24.

On June 29th, 2017, "Suu" JSC raised MNT 6 billion successfully on the Mongolian Stock Exchange through its Mongolia's largest-to-date corporate Bond named "Suu Bond".

As of the end of the reporting period, the company has achieved the following results:

A new product named Biofit yogurt has been introduced;

Production level has increased by 19.4% reaching 13,500 tonnes compared to the same period of the previous year;

The number of customer complaints has been reduced by 53.9% as a result of increase in distribution vehicles and improvement of the service delivery; and Sales revenue has grown by 10.2% reaching MNT 24.0 billion and net profit has increased by 43% to MNT2.3 billion.

"Suu" JSC informed that the Company will aim at introducing more technologic advancements to its manufacturing process and carrying out innovative and eco-friendly operations and will provide quarterly updates on operational and financial performances to public. 
Source: MSE

...


64x64

SoftBank invests additional $3 billion in shared-office startup WeWork www.reuters.com

(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan’s SoftBank Group (9984.T) and its Vision Fund, helping the shared-office startup ramp up its expansion globally.

SoftBank’s investment will be through new shares and the acquisition of existing shares of the startup’s parent company, WeWork said in a statement

New York-based WeWork said SoftBank’s Director and Vice Chairman Ronald Fisher and External Director Mark Schwartz will join the company’s board.

SoftBank has already made a $1.4 billion investment in the company to fund the group’s expansion in China, Japan, South Korea and elsewhere in southeast Asia.

Vision Fund, which has raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics, is backed by Japanese billionaire Masayoshi Son’s SoftBank and Saudi Arabia’s main sovereign wealth fund.

WeWork leases office space and rents it out to individuals and small companies, namely startups.

...


64x64

OZ Minerals to build $700 mln copper mine in Australia www.mining.com

OZ Minerals Ltd said on Thursday it would begin construction of its Carrapateena copper mine in Australia, the country's largest undeveloped copper project, which it estimated would cost A$916 million ($724 million).

Copper is seen as one of the strongest growth commodities given its broad use in everything from plumbing and construction to appliances and electronics.

The world's biggest mining companies, led by BHP Billiton and Rio Tinto, are actively looking to increase their exposure to copper.

OZ Minerals said Carrapateena, located about 160 kms (100 miles) from the Indian Ocean in South Australia state, would start producing in the fourth quarter of 2019, and yield an average of 65,000 tonnes of copper and 67,000 ounces of gold a year over 20 years.

"Carrapateena will be a robust, cash generating asset with expansion potential that sets OZ Minerals up for further growth," OZ Minerals Chairman Rebecca McGrath said in a statement.

"This decision is a significant enabling step in realising our strategy to become a low cost, multi-asset copper miner delivering value for all stakeholders," she said. ($1 = 1.2655 Australian dollars)

...


64x64

Mongolia sells record amount of coal to China in first half of 2017 www.news.xinhuanet.com

ULAN BATOR, Aug. 24 (Xinhua) -- The export of mineral resources is a significant source of export revenues for Mongolia, with copper concentrate, coal, iron ore, gold and oil having a lion's share.

Since 2017, the demand for Mongolian coal has increased dramatically. China is the largest consumer of coal in the world and Mongolia's close neighbor. In the first six months of 2017, Mongolia managed to sell China a record amount of coal.
According to economists, Mongolia exported approximately 25 million tons of "black gold" to China each month.
According to the authorities of Gants mod border checkpoint, in the first six months of this year, Mongolia exported 10.09 million tons of coal to China through the Gashuunsukhait-Gants mod border checkpoints. This result exceeds the volume of coal exports for the same period of last year by 14 percent.
The transportation of coal through the Gants mod border checkpoint for the first six months of last year was more than 10 million tons, while this level was reached in the first 4 months of this year. "This was facilitated by the increase in supply, related to the increase in demand for coal in China. On the other hand, the technical modernization of the border checkpoint played a role in reducing delays for a technical reason," said the representatives of the Gants mod border checkpoint.
In the future, coal exporters expect that the supply of coal will be stable. As for the main exporter of Mongolia, Tavan Tolgoi plans to increase the volume of its transportation to 11.5 million tons of coal this year.

...


64x64

Germany repatriates $28bn in Cold War gold from France & US www.rt.com

The German central bank (Bundesbank) has brought back 674 tons of gold reserves kept in Paris and New York since the Cold War.

Some 53,780 gold bars, each weighing 12.5kg and worth €440,000, have been shipped to Germany over the last four years, said the bank. The last 100 tons were moved from Paris earlier this year, which means the Bundesbank now holds no reserves in France.

"This closes out the entire gold storage plan – around three years ahead of the time we were aiming for," said Carl-Ludwig Thiele, a member of the Bundesbank’s Executive Board.

The bank has already repatriated 940 tons of gold from London to save on storage fees.

In 2013 Germany said it planned to transfer at least half of the country’s gold to Frankfurt by 2020. The move was in response to public concerns about having so much of the nation’s wealth kept abroad.

Over 50 percent of Germany's gold reserves are now in Frankfurt. The remainder is stored in London and New York, where it can be quickly exchanged for British pounds or US dollars in an economic emergency.
Germany is the world’s second biggest holder of gold with 3,374 tons. The US Federal Reserve holds the most bullion, its gold reserves amount to 8,134 tons, according to the World Gold Council. The UK holds 310 tons, and the European Central Bank 505 tons.

The Bundesbank has been criticized at home for keeping a major part of Germany’s gold reserves abroad. Critics demand the complete return of the gold to the country. They regard the gold as insurance in case of a crisis, and the immediate physical availability would be the decisive criterion.

Trying to move gold from New York in 2014, the Bundesbank met obstacles from US authorities when German officials wanted to inspect the gold kept in US vaults.

Some even doubted the German gold was still physically there. The Bundesbank dismissed all the doubts, saying it received annual updates from foreign central banks where the gold was being stored. It said that the "integrity, reputation and security of these foreign depositories are beyond reproach."

...


64x64

Brazil opens vast Amazon reserve to mining www.bbc.com

Brazil's government has abolished a vast national reserve in the Amazon to open up the area to mining.
The area, covering 46,000 sq km (17,800 sq miles), straddles the northern states of Amapa and Para, and is thought to be rich in gold, and other minerals.
The government said nine conservation and indigenous land areas within it would continue to be legally protected.
But activists have voiced concern that these areas could be badly compromised.
A decree from President Michel Temer abolished a protected area known as the National Reserve of Copper and Associates (Renca).
Its size is larger than Denmark and about 30% of it will be open to mining.
The mining and energy ministry says protected forest areas and indigenous reserves will not be affected.
"The objective of the measure is to attract new investments, generating wealth for the country and employment and income for society, always based on the precepts of sustainability," the ministry said in a statement.

But opposition Senator Randolfe Rodrigues denounced the move as "the biggest attack on the Amazon of the last 50 years", O Globo newspaper reported (in Portuguese).
Maurício Voivodic, head of the conservation body WWF in Brazil, warned last month that mining in the area would lead to "demographic explosion, deforestation, the destruction of water resources, the loss of biodiversity and the creation of land conflict".

According to the WWF report, the main area of interest for copper and gold exploration is in one of the protected areas, the Biological Reserve of Maicuru.
There is also said to be gold in the Para State forest, which lies within the area.
The WWF says there is potential for conflict too in two indigenous reserves that are home to various ethnic communities living in relative isolation.
WWF's report said that a "gold rush in the region could create irreversible damage to these cultures".
"If the government insisted on opening up these areas for mining without discussing environmental safeguards it will have to deal with an international outcry."

...


64x64

Russian oil sales to China surge dramatically www.rt.com

For the fifth consecutive month, Russia remains China's top crude oil supplier with July shipments up 54 percent year-on-year.

China bought 4.97 million tons, or about 1.17 million barrels of oil per day (bpd) from Russia last month, according to the General Administration of Customs.
For the first seven months of the year, Russian crude sales to China surged nearly 16 percent year-on-year to 34.22 million tons, or 1.18 million bpd.
Beijing’s second largest supplier is Saudi Arabia with 940,000 bpd. Saudi supplies to China are down 0.8 percent compared to the same period last year.
Shipments from Angola, China's third-largest supplier, fell 17.1 percent from a year earlier to 921,520 bpd.
The most significant increase in oil supplies to China was from Malaysia (+ 889 percent), Azerbaijan (+ 193.3 percent) and Mexico (+ 102.7 percent).
However, the import share of these countries remains small, as only Malaysia is in the top 15.
China has also started buying crude from the United States. Imports from the US totaled 174,000 bpd in July.
Global oil prices fell on Wednesday, as investors are worried about increasing supply from Libya. Brent was down 0.4 percent at $51.64 per barrel, while the US WTI slid 0.31 percent to $47.68.
Production from the Sharara oil field, which is crucial for Libyan output, recently reached 280,000 bpd but closed this week due to a pipeline problem. The field restarted production at least once on Tuesday, according to Reuters.
Despite the setback, Libya has propped up production to above one million bpd in late June, which is 400 percent up since last summer.

...


64x64

Presidents of Turkmenistan and Mongolia discussed prospects for cooperation in a telephone call www.tdh.gov.tm

A telephone call took place between the President of Turkmenistan Gurbanguly Berdimuhamedov and the President of Mongolia Khaltmaagiin Battulga.

Taking this opportunity, the head of the state once again warmly and cordially congratulated the Mongol leader on convincing victory in the elections and the assumption of the office of the President of Mongolia, wishing him good health and achieving all his goals at the highest state post.

President Khaltmaagiin Battulga, in turn, thanked President Gurbanguly Berdimuhamedov for congratulations and good wishes, stressing that Mongolia is especially interested in strengthening and expanding relations with friendly Turkmenistan.

During the talk, the interlocutors stressed the traditionally friendly nature of the relationship, built on the equal, constructive basis and with great potential. The heads of the two states marked the trade and economic sphere among the priority areas of cooperation and spoke in favor of establishing productive ties in various sectors, as well as in the business sector.

Highly assessing the prospects of Turkmen-Mongolian ties in the political, economic and cultural-humanitarian spheres, it was emphasized that this year marks the 25th anniversary of the establishment of diplomatic relations between Turkmenistan and Mongolia. Confirming the readiness of the sides to continue steadily developing friendly relations and fruitful cooperation, Presidents Gurbanguly Berdimuhamedov and Khaltmaagiin Battulga agreed on approaches to further strengthening the traditional interstate relations.

President Gurbanguly Berdimuhamedov invited President Khaltmaagiin Battulga to visit Ashgabat for the Opening Ceremony of the 5th Asian Indoor and Martial Arts Games, stressing that the Mongol leader will always be a welcome guest of our country.

The telephone call was on the initiative of the Mongolian side.

...


64x64

Mongolia Tops Asia Dollar Bond Returns With 18% Gain www.bloomberg.com

A bailout by the International Monetary Fund can be a winner for bond investors. Dollar notes from Mongolia and Sri Lanka, both in IMF programs, are handing debt investors the highest returns so far this year among developing Asian nations, according to Bloomberg Barclays Indexes. AllianceBernstein LP is holding on to its Mongolian sovereign notes, citing positive fundamentals for the economy with a rebound in coal prices and the importance of IMF support, according to Brad Gibson, a fixed-income portfolio manager in Hong Kong at the global investment firm.

...


64x64

Mongolia - Russia MFA consultative meeting held www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministries of Foreign Affairs of Mongolia and the Russian Federation carried out their consultative meeting in Ulaanbaatar.

At the meeting co-chaired by D.Davaasuren, State Secretary of the Mongolian Ministry of Foreign Affairs; and I.V.Morgulov, Vice FM of Russia, the parties shared specific views on the bilateral political and economic relations and cooperation. They considered preparation works for the President’s participation in the Eastern Economic Forum scheduled on September 4-8 in Vladivostok, a realization of a middle-term program on the Mongolia-Russia strategic partnership ties and outcomes of the 20th meeting of the intergovernmental commission.

The sides expressed the satisfaction with an increase of the bilateral trade turnover which saw a decline in last two years, and then emphasized the countries are able to widen the commercial and economic ties.

Regional cooperation plays a vital role in the Mongolia-Russia relations, the countries noted, and considered as necessity to facilitating a border accessing process and broadening the inter-boundary and economic collaboration. The parties also said the countries have to renovate the Ulaanbaatar Railway Joint Venture, to upgrade its operation and to maximize the transit transport.

...