1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Russia & China sign $10bn investment fund to ease ruble-yuan settlements www.rt.com

The Russian Direct Investment Fund and the China Development Bank (CDB) have agreed to establish a Russian-Chinese investment fund worth 68 billion yuan ($10 billion).

The agreement was signed at a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping, who is in Russia on an official visit.

The new fund, to be called the Russia-China RMB Cooperation Fund, was created to make settlements in ruble and yuan. Both Moscow and Beijing have repeatedly talked about the importance of payments in local currencies for bilateral trade.

The money will be used on infrastructure projects in Russia and China. Particularly to projects linked to One Belt One Road (the 21st-century Maritime Silk Road) scheme and the Eurasian Economic Union.

"The Russian-Chinese investment cooperation fund in yuan will be a major stage in China-Russia investment partnership, supported by the governments of both countries, which will stimulate the growth of direct investment between the countries and promote a significant increase in the number of Russian-Chinese projects," said CDB Chairman Hu Huaibang.

"We are pleased to announce a partnership with the China Development Bank and provide an opportunity for Chinese investors to invest in their national currency. It will give a powerful impetus to increase the volume of cross-border direct investment and significantly increase the number of jointly implemented projects," said Russian Direct Investment Fund chief Kirill Dmitriev.

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Mongolia seeks to buy public buses on South Korean loan www.akipress.com

AKIPRESS.COM - Cabinet authorized Finance Minister of Mongolia B.Choijilsuren to conclude a loan agreement with South Korea during its Tuesday session in Ulaanbaatar, state media report.

Mongolia is implementing a project to support international public transport services on a soft loan from the Export-Import Bank of Korea, Montsame reports. 

The loan agreement finances the import of the 43 buses that Mongolia has received and the second batch of buses yet to be imported.

Mongolia hasn’t reformed its international and intercity public transport sector since 1987.

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Mongolia Energy Corp Ltd (0276.HK) Shares Moving On Volume www.claytonnewsreview.com

Mongolia Energy Corp Ltd (0276.HK) shares are moving today on volatility -5.22% or $-0.012 from the open. The HKSE listed company saw a recent bid of $0.218 and 606750 shares have traded hands in the session.

Investors are typically looking for any little advantage when it comes to the equity markets. Investors often have to figure out not only how certain companies are faring, but also how the overall global economic landscape is shaping up. Focusing in on the proper economic data can help detect overall trends in the economy. Investors who are able to hone their analytical skills might be able to put themselves in a much better position to achieve success. Being able to process and organize all of the different types of financial information that is constantly being thrown around may be a great asset to the individual trader and investor. The amount of information floating around in today’s investing climate is enormous. Zooming in on the most pertinent information can help keep things manageable.

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 -106.67. 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 -121.70. 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 38.07, the 7-day stands at 33.06, and the 3-day is sitting at 26.90.

Currently, the 14-day ADX for Mongolia Energy Corp Ltd (0276.HK) is sitting at 18.80. 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.

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Former Glencore traders to launch concentrates trading platform www.mining.com

A team of former traders from Glencore (LON:GLEN) will launch Wednesday an online platform to connect miners with customers such as smelters and sign deals without the need of brokers.

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

Open Mineral will focus first on gold, silver, copper, zinc and lead concentrates.
The platform will focus first on gold, silver, copper, zinc and lead, which represent a combined market worth about $50 billion.

Smelters and miners could potentially boost returns by millions of dollars by dealing directly in the concentrate market, which is inefficient and opaque, chief executive Boris Eykher told Reuters.

Open Mineral will also provide trade services such as transportation, surveying, assaying and insurance.

Since annual concentrate deals for the year are already set, the new online tool will target spot and 2018 contracts, which are due to be negotiated before the end of the year.

Open Mineral is not the first attempt to take the trading of metals from the physical to the online world. Last month, the former chief executive officer of the London Metals Exchange launched an alternative electronic trading platform for metals.

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Foreign minister Ts. Munkh-Orgil receives ambassador of Canada Ed Jager www.montsame.mn

Ulaanbaatar /MONTSAME/ On July 4, Ts.Munkh-Orgil, Minister for Foreign Affairs of Mongolia received Ed Jager, Ambassador of Canada to Mongolia upon finishing his tenure in Mongolia.

Foreign Minister Ts.Munkh-Orgil appreciated returning Ambassador Ed Jager for his valuable contributions to the development of bilateral relations between Mongolia and Canada during his tenure in Mongolia and expressed his gratitude for continuously intensifying relations and cooperation. Moreover, mentioning that Mongolia and Canada have broad potential to cooperate in the agricultural field, FM expressed his confidence that Canadian Ambassador will keep supporting to develop bilateral ties and wished success for the Ambassador in his future endeavours.

In turn, Ambassador Ed Jager noted his thankfulness for the growing and strengthening relations and cooperation between Mongolia and Canada. Also, he expressed his willingness to develop Mongolia-Canada cooperation and support each other within the frames of international organizations.

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Tourist arrivals increase by 20 percent www.news.mn

Tourism is becoming increasingly important for the Mongolian economy. In the first four months of 2017, tourist arrivals increased by 20 percent compared to the same period last year. According to the Ulaanbaatar Tourism Department, tourism revenue amounted to USD 312 million in 2016. Mongolia is expecting to receive 470-480 thousand tourists this year; most of them will arrive during the traditional Naadam festival this July.

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GCF supports Mongolian energy sector www.news.mn

The Green Climate Fund is helping Mongolian enterprises kick start a national, low-carbon energy sector with its completion of a USD 20 million funds transfer to a Mongolian bank.

The bulk of GCF’s contribution, USD 19.5 million, will allow Mongolia’s XacBank">Mongolia’s XacBank extend loans to micro, small and medium-sized enterprises to break down financial barriers to low-carbon investment.

An aversion to the risks of opening new markets means Mongolian entrepreneurs currently lack the necessary commercial finance to carve out new businesses in energy efficiency and renewable energy.

This five-year project is being implemented by XacBank, one of Mongolia’s major lenders which became the country’s first and only bank specializing in eco-banking in 2009. At the end of last year, GCF designated XacBank as a direct access Accredited Entity, which propose and implement GCF-financed climate initiatives.

“This disbursement marks an important milestone in the continued development of sustainable financing business of XacBank and our cooperation with the Green Climate Fund,” said Amartuvshin Hanibal, President of XacBank.

While many Mongolian people currently burn low-quality coal in their homes for heating and cooking, the government is striving to leap frog their landlocked nation into adopting a low-carbon energy sector.

In accordance with GCF’s gender focus, at least half of GCF’s loan support in this project will go towards women-led enterprises.

“This project will empower women and reduce emissions,” said Adam, Director">Ayaan Adam, Director of GCF’s Private Sector Facility. “It will show women-led enterprises can make a strong impact in Mongolia’s private sector. Mongolian micro, small and medium-sized enterprises can demonstrate that low-carbon investment is the business of the future.”

Ms Adam added the growth of a low-carbon energy sector fits well with the Mongolian Government’s move to raise the percentage of renewables to 20 percent of national energy generation by 2020, according to the country’s Nationally Determined Contribution under the Paris Agreement. (green climate fund)

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Mongolia Begins Exporting Lamb Meat to Iran www.financialtribune.com

Two Mongolian meat companies, Eco Food Trading LLC and Darkhan Meat Foods LLC, have begun jointly exporting meat to Iran as part of an agreement to ship 4,000 tons of lamb meat. With around 61 million livestock, Mongolia has the potential to become a major provider of meat, the Mongolian newspaper UB Post reported. The agreement to supply 4,000 tons of lamb will require 250,000 sheep, according to experts. Economists have estimated that Mongolia has the capacity to export five million livestock or around 100,000 tons of meat every year. “Our factory has the capacity to sort and package 20 tons of meat. We are packaging the meat in accordance to the standards of Iran,” said the Director of Darkhan Meat Foods LLC M. Enkhbaatar. At the ceremony of the first shipment on June 29, Mongolian Minister of Food and Agriculture P. Sergelen highlighted the importance of the national agenda to improve livestock health.

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Citizens to own shares of Erdenet Mining Corporation www.montsame.mn

Ulaanbaatar /MONTSAME/ During its meeting on July 4, Tuesday, the Cabinet assigned corresponding Ministers and authorities to resolve the issue of taking the 49 percent of Erdenet Mining Corporation into government ownership.

Moreover, the Cabinet decided that every citizen will have ownership in the copper plant’s shares, and ordered corresponding Ministers to take required measures to realize the decision.

Head of Cabinet Secretariat J.Munkhbat said, “The objective reflected in the 2016-2020 action plan of the Cabinet regarding distribution of shares of strategic deposits to the Mongolian people is officially being realized”.

He continued, “Although Parliament issued a Resolution No. 23 on taking full ownership of Erdenet Mining Corporation, the owner of the 49 percent filed a lawsuit. A court decision was made in disfavor of the government decision. Parliament Speaker M.Enkhbold instructed the Cabinet to carry out the Parliament resolution No. 23. As such, we solved the issue with the decision to distribute shares of Erdenet Mining Corporation to every citizen”.

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Zamiin-Uud logistics center to transit 6 million tons of freight transport annually www.montsame.mn

Ulaanbaatar /MONTSAME/ In order to observe the construction process of logistics center in Zamiin-Uud station, related officials led by Minister of Road and Transport Development D.Ganbat visited the construction site during their working visit in the region.

Last year, an opportunity for transiting Asia-Europe route freight transports through Mongolian border was enabled after the trilateral meeting between the heads of state of Mongolia, Russian Federation and People’s Republic of China. In order to prepare for transiting freight transports, the Government of Mongolia negotiated with the Asian Development Bank to finance the project. Therefore, “Regional Logistics Development Project” is being implemented in Zamiin-Uud to increase the capacity of logistics facility. The facility will have significant impact by increasing import, export and transit transports in Mongolia.

Furthermore, several necessary projects, such as a construction of overbridge above railways, auto road, water line, security fence, cable line, 10 kW sub-station, 110 kW high voltage sub-station and its extension of power transmission line have been built from the State Budget.

“China Railway 21st bureau” LLC is acting as the general contractor, while “Suson” LLC of the Republic of Korea, Mongolian “Geo Mapping” and “NBCC” LLCs are providing support as advisors. Presently, foundations for both narrow and wide gauge railroads, as well as crane sites have been finished. The contractor has informed that the project is currently 40 percent finished and presented the current issues to the Minister of Road and Transport Development.

Once the Logistics Facility starts operation, around 6 million tons of freight transports can be transited through Zamiin-Uud station annually. The construction work is expected to finish next year and start operation by 2019.

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