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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Mongolia might export livestock and meat to Russia www.montsame.mn

Ulaanbaatar /MONTSAME/ J.Erdenebat, Prime Minister, received Tuesday visiting Mr I.V.Morgulov, Vice Minister of Foreign Affairs of the Russian Federation.

Starting the meeting, the Premier said Mongolia is negotiating with Russia to buy hay and fodder because the country is at risks of losing its harvest this year due to bad weather conditions in most territories. He said Mongolia is talking with Russia about exporting processed meat and breeding livestock.

“These issues as well as some agreements of the St. Petersburg International Economic Forum are expected to be finalized during the Eastern Economic Forum which is in due on September 6-7 in Vladivostok, Russia. Preparation works have been completed at our governmental level. We thank the Russian Foreign Ministry for supporting this matter,” Mr Erdenebat said.

Regional and boundary cooperation is one of the important parts of the Mongolia-Russia relations. The inter-region trade accounts for 70% of the total trade turnover between the countries, so the governmental support from both countries is vital for organizing boundary exhibitions, the Premier said.

Noting that the trade turnover has been increasing in first half of this year although it saw a decline in last two years, the Premier said. He then asked Mr Morgulov to focus attention to a chance of setting up a working group to establish an economic partnership agreement between the countries.

The Russian Vice FM said his country is working to prepare a visit of the Mongolian Prime Minister to be paid in this year.

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Ford eyes deal with Chinese electric carmaker www.bbc.com

Ford has said it is in discussions with a Chinese company to create a new line of electric vehicles for the world's biggest market.

Ford said it was exploring a joint venture with electric car maker Anhui Zotye Automobile Co.
The firm is a major manufacturer of small, zero-emissions electric cars.
The move comes as carmakers in China face new rules designed to boost electric car sales, part of the government's effort to fight pollution.
China already has more electric cars on the road than any other country and Ford said it expects sales of all-electric cars in China to reach four million by 2025.
Officials are also working on new rules that would require 8% of car sales to be electric next year and 12% by 2020.
"Electric vehicles will be a big part of the future in China and Ford wants to lead in delivering great solutions to customers," said Peter Fleet, vice president and president for Ford Asia Pacific.
A Ford spokesman said the company hoped to reach an agreement with Zotye by the end of the year. The US company said it would share more information about the joint venture and the car as the deal moves forward.
Zotye, based in Huangshan, Anhui province, specialises in small cars and sold more than 16,000 all-electric vehicles up to the end of July this year, up 56% year-on-year, according to Ford.
"This presents us with an exciting opportunity to leverage each other's strengths in achieving a win-win situation for both parties' growth in the fast-evolving Chinese electric vehicle market," said Jin Zheyong, chairman and president of Anhui Zotye.
Ford said in 2015 it planned to invest $4.5bn on electrification efforts, introducing 13 hybrid and electric vehicles by 2020.
The company also said 70% of all Ford vehicles sold in China would have electrified options by 2025.
The firm, which already has two joint ventures in place in China, has sold more than 600,000 vehicles in China in the first seven months of this year, down 7% from the same period in 2016. Ford has attributed the decline in part to changing government incentives.

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North American exodus at PetroChina sparks speculation of company shift www.reuters.com

NEW YORK (Reuters) - A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd (601857.SS) have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.

More than 30 people in its Houston and Calgary offices have left PetroChina since 2016, including heads of desks in crude, financial, natural gas and chemical trading, the company confirmed to Reuters. Sources say that PetroChina had approximately 150 to 200 people at its peak two to three years ago, and now has between 100 and 150.

Nearly a dozen sources in New York, Calgary, Houston and Singapore, including current and former employees, told Reuters the departures suggest a shift in mindset among firm management, and there are concerns about a broad pullback from its presence in North America.

The sources interviewed, which also includes several who do business with the firm, said North American offices may have expanded too quickly.

PetroChina spokesman Mark Jensen said the company is committed to business throughout the Americas. He previously said the company and its subsidiaries have restructured the organization where necessary over the last several months, and that the departures do not represent a change in strategy in the region.

In the last several years, PetroChina built itself into one of the largest oil traders in North America, hiring top talent with the goal to compete with trading giants Vitol SA [VITOLV.UL], Trafigura and Mercuria Energy Group, industry participants said.

The departures have been notable ones, including John Mee, director of financial crude trading; Jie Wang, president in Calgary; and Eric Dixon, domestic head of physical crude onshore, among others.

The company has also lost a number of key staff in other departments, including in legal and accounting. One source said that the company is not currently looking to replace the majority of those positions.

Sources interviewed said management's mindset over the last year has shifted toward tightening credit limits and shifting away from sources of activity common among oil traders operating in North America.

For instance, PetroChina appears to be shifting away from trading volumes on pipelines - which accounts for the lion's share of crude trading in the United States - and favoring more vessel-based cargo trading, two sources familiar with PetroChina said.

In Houston, there are no longer any proprietary traders, according to two of the sources Reuters interviewed. The company did not respond to a specific request for comment regarding the shift to waterborne trading or proprietary trading.

The departures come after major losses in commodities markets in the first half of 2017, as hedge funds and banks saw some of their worst results in years due to a lack of overall volatility and an unexpected sell-off in crude.

The firm has gotten rid of individual bonuses and is now using a team bonus plan across Canada, the United States and China, according to two of the sources spoken to by Reuters. The company did not respond to a request for comment on this.

PetroChina is not set for a full retreat from the region, sources say. The company has certain commitments in the region, including a long-term contract on Royal Dutch Shell Plc's (RDSa.L) Zydeco pipeline through 2019. In addition, PetroChina's parent, China National Petroleum Corp [CNPET.UL], will need to keep its options open to import U.S. crude oil, sources said.

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HondaJet most-delivered jet in Jan.-June period www.nhk.or.jp

Honda Aircraft Company says its HondaJet has been ranked for the first time as the most-delivered jet in its category in the first half of this year.

The subsidiary of American Honda Motor says that it had delivered 24 aircraft to customers in the United States, Canada, Mexico and Europe between January and June.

Deliveries of the 7-seater HondaJet started in 2015. The US-based company says it has a global market share of 40 percent for jets with 10 or fewer seats.

The maker says customers are pleased with the performance, comfort and superior fit and finish of the jet.

It plans to increase annual production to around 80 from the current 50 planes.

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Foreign Minister Ts.Munkh-Orgil works in Moscow www.montsame.mn

Ulaanbaatar /MONTSAME/ On August 21, MP and Minister of Foreign Affairs Ts.Munkh-Orgil met with Minister of Natural Resources and Ecology of the Russian Federation, Mr.D.Donskoy in Moscow, exchanging views on bilateral cooperation policy and current issues. They are also heads of Mongolian and Russian parts of the Mongolian-Russian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.
The parties expressed their appreciation that in the first half of this year, the bilateral trade turnover increased by 32 percent, reaching to USD561 million and underlined that there is great potential to increase trade in chemical, metallurgy, machinery, equipment and textiles.
During the meeting, the parties agreed to organize the 21st regular meeting of the intergovernmental commission in the second half of October 2017, holding meetings of sub-commissions including agriculture, environment, transportation and regional sub-commissions and working groups in nearest future. The parties talked about collaboration in organizing Mongolian Prime Minister's visit in the fourth quarter of this year.
The preparation works regarding a working visit of the President of Mongolia to the Russian Federation on September 6-7, 2017 and participation in the Eastern Economic Forum were also discussed during the meeting, expressing their views on the agenda of the visit and the documents to be established.
Delegation of the President’s visit will include Minister of Road and Transportation Development D.Ganbat, Minister of Food, Agriculture and Light Industry P. Sergelen. Therefore cooperation issues of those sectors were also touched during the Foreign Minister Ts.Munkh-Orgil’s meeting. For example, they talked about preparations for supply of vaccines against infectious diseases from RF within the second phase of the "Mongolian Livestock Program" and buying wheat and hay. The sides also finalized the draft of intergovernmental agreement between Mongolia and RF on “Conditions of Rail freight transportation”, agreeing to seek possibilities to sign the agreement during the Presidential visit.
The sides expressed their satisfaction with the current level of tripartite cooperation and confirmed their interest to set up an Investment projection center in Ulaanbaatar in order to activate the cooperation, within the framework of the program on establishment of Economic Corridor between Mongolia, Russia and China. 
B.Ooluun

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Iron ore nears $80 a tonne www.mining.com

Iron ore prices held steady above $79 per tonne on Tuesday on the back of a strengthening billet market a day earlier, when Chinese steelmakers began stoking production ahead of mandated cuts going into winter.

Iron ore is trading higher now than at the beginning of the year.
Ore with 62% content in Qingdao traded at $79.65 per tonne, after hitting $79.93 a tonne on Monday, according to the Metal Bulletin, even though enquiries in the seaborne market have quietened down.

From the recent low of $53.36 a tonne hit on June 13, the benchmark price is now up more than 49% — an impressive return in a little over two months. It also means seaborne is trading higher now than at the beginning of the year.

Despite both pessimistic and conservative predictions about the direction iron ore prices would be headed this year until 2020, the steelmaking material’s ongoing rally hasn’t come as a surprise for some experts.

(UNCTAD), the upturn began brewing last year and key indicators of demand and supply, seaborne trade and price prove so, as they all made gains through the year.

In a report published late July, the UN body said that although Chinese consumption remained relatively low last year, and prices did not improve for much of the year, a significant shift became evident in the final quarter of 2016.

The analysts expect prices to remain on the high-end for the rest of this year, helped by Beijing’s ongoing efforts to curb low quality steel production and so reduce emissions.

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Mongolia Energy Corporation Limited (0276) Soars 0.9% on Aug 22 www.utahherald.com

Shares of Mongolia Energy Corporation Limited (HKG:0276) last traded at 0.225, representing a move of 0.9%, or 0.002 per share, on volume of 1.01 million shares. After opening the trading day at 0.22, shares of Mongolia Energy Corporation Limited traded in a close range. Mongolia Energy Corporation Limited currently has a total float of 1.88 billion shares and on average sees 2.27M shares exchange hands each day. The stock now has a 52-week low of 0.14 and high of 0.65.

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96 licenses of widespread minerals revoked www.montsame.mn

Ulaanbaatar /MONTSAME/ The Governor of the capital has terminated the licenses of widespread minerals owned by 96 companies, who seriously violated laws.

In this regard, J.Batbayasgalan, Deputy governor for Green Development and Air Pollution, A.Davaajargal, head of Legal Department of the Governor’s office of the capital, E.Battulga, head of the Environmental Department of the capital and officials of the Specialized Inspection Department of the Capital City gave information to journalists.

This April, the Environmental Department of the capital and Professional Inspection Department of the capital revealed that 63 licensed companies had failed to perform environmental rehabilitation and have a license that overlap with protected area for drinking water source of Ulaanbaatar. In addition, 33 companies were disclosed that they had not yet started using the licensed land area for three years since the grant of the mining license. The professional organizations conclude that the delay of using the licensed area creates condition for license trade and other illegal activities. Therefore, the mayor made the above mentioned decision.

According to Article 37.1.3 of the Law on Widespread Minerals Law, governors of aimag and the capital have authority to revoke the license if the entity does not fulfill its obligation to make rehabilitation, based on conclusion made by the local administrative body or department of aimag and the capital city in charge of environmental affairs.

The officials noted that the capital authorities would not cooperate with business entities and organizations, who failed to fulfill their obligations before the citizens of the capital city and would charge with responsibility to citizens or entities for cause of damages to nature and environment of the capital intentionally or accidentally.

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Electric cars are exempted from license plate limitation and road charges www.gogo.mn

In order to reduce emissions from vehicles and to promote the use of electric battery-powered vehicles, Ulaanbaatar City Governor S.Batbold issued a decree to exempt these cars from even-odd license plate limitation and road user charges. City officials added that more sufficient charging infrastructures for electric vehicles will be established in further. 
As of April 11th, 2017, a total of 74 electric vehicles were counted in Ulaanbaatar city, of which 61 of them are private and state-owned trolleybuses while remaining 13 of them are small trucks and passenger cars.
Vehicles contribute 10 percent of pollution Ulaanbaatar`s air. The emissions from automobiles contain ethyl lead, carbon dioxide, dioxide, sulfuric gas, soot, cadmium and aldehyde benzopyrene dioxin. Professional organizations recommend that the city should fight its air pollution by not only taking measures to reduce smoke from ger district but also concern the emissions from vehicles. 
Moreover, City Governor noted that a lot of works which are aimed to save consumer spending and promote green products will be done in the future within the framework of creating Eco Ulaanbaatar.

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Trans-Siberian railway extension to Austria to cost $6.5bn www.rt.com

Austria’s Ministry of Transport, Innovation and Technology has announced plans to extend the Trans-Siberian Railroad (Transsib) from eastern Slovakia to Vienna. It would connect Russia's Far East with Central Europe.

An estimated 400 kilometers (250 miles) of broad-gauge track would be laid from Kosice, Slovakia to Austria, the ministry said, adding construction work could start in 2023.

"Austria is the logical place for the completion of the Trans-Siberian Railway. Transsib will get access to the European railway network, shipping and to Vienna airport," said Transport Minister Jorg Leichtfried.

According to the ministry, the project which is estimated to cost $6.5 billion could boost the Austrian economy, and create 127,000 jobs.

It added European Union sanctions against Russia would not hinder the project since the EU advocates the extension of the railway.

The new route will not only make the transportation of containers to Central Europe more ecological but also significantly accelerate freight traffic. Using the new rail link containers to Austria could be transported in 10-15 days, instead of the current 30 days by ship.

"I want to make Austria a logistical link in Europe," said Leichtfried.

In 2009, railway companies in Russia, Ukraine, Slovakia, and Austria decided to extend an existing broad-gauge rail line which could allow trains to travel from Vienna to Russia's Vladivostok.

According to the Russian trade representative in Austria Alexander Potemkin, the "broad-gauge" should become the most efficient transportation route within the so-called Great Silk Road.

The famous Transsib railway, connecting Europe and Asia, was built between 1891 and 1916. It is the longest railway line in the world at 9,289 kilometers (5,772 miles) spanning eight time zones. Transsib has branch lines into Mongolia, China, and North Korea.

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