Housing price index declines www.mongolia.gogo.mn

ULAANBAATAR (GoGo Mongolia) - The housing price index of 6 central districts of Ulaanbaatar observed a decline by 1.2% if compared to third quarter of 2016 and by 0.3% from the preceding quarter of 2017, respectively. 

Most depreciation is recorded in Bayangol and Songinokhairkhan districts at 1.6% and 1.5%, respectively from a year ago. Subsequent decline goes to Khan-Uul Chingeltei and Bayangol districts at 0.3%, Bayangol and Sukhbaatar districts at 0.2%.
The lowest drop is observed in Songinokhairkhan district at 0.5%. 
Below figure shows the housing price index, by percent, in the third quarter of 2017, by central 6 districts of Ulaanbaatar, compared with the same period of previous year. 
In reference period, housing price index for apartments built before 1970's dropped in all 6 central districts from 0.4% to 2.2%.
For apartments built during 1970's to 2001 this figure is by 0.6%-1.8% and for apartments built after 2001 by 0.4%-1.0% compared with same period of 2016, respectively.
If compared to preceding quarter, housing price index for apartments built before 1970's stays without a change in Sukhbaatar district, however decreasing in remaining districts from 0.3% to 0.6%.
Housing price index for apartments built 1970's-2001 unchanged in Bayanzurkh district, however, decreased in other 5 districts from 0.1% to 0.5% and for apartments built after 2001 decreased in central 6 districts by 0.1%-0.3% compared with previous quarter.

Discussing future of robotics www3.nhk.or.jp

Technology specialists from Japan and the US have gathered in Silicon Valley to discuss the future of robotics.

IMF team to arrive in Mongolia later this month www.montsame.mn

Ulaanbaatar /MONTSAME/ A team of the International Monetary Fund (IMF) will be arriving in Mongolia later this month for a Second Review of the Extended Fund Facility program.

Kincora advances Red Well prospect, adjacent to Rio Tinto drilling www.kincoracopper.com

Vancouver, BC— October 17th, 2017. Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announced that ground magnetic and gravity surveys have commenced at the wholly owned Red Well license. The Red Well license is located approximately 40km north of the Oyu Tolgoi concentrate plant and immediately to the north of Rio Tinto drilling activities on a Turquoise Hill Resources license (XV- 19315), the latter being the first regional drilling by any major group since 2012.

Limited previous exploration across the immediate Red Well region has identified outcropping volcanic rocks with localized malachite staining. The volcanics continue into both the eastern and western sections of the license. At the eastern margin of the license a historic rock chip sample returned 2% copper, 0.25g/t gold, 1.5g/t silver, 0.25% arsenic and zinc, 0.08% lead, 0.002% molybdenum and bismuth, with further copper and other anomalies identified to the immediate west. Historic airborne magnetic data suggests that the cover sequence to the north of the outcrop in the central third of the license is shallow, with a historic regional Induced Polarization (“IP”) target across the central portion of the license.
Sam Spring, President & CEO, commented: “The immediate and general regional setting of Red Well is considered to be highly prospective. Capital constrained field activities since securing the license last year have provided encouraging geological indications with positive fertility results, sodic-calcic alteration, with smears of malachite within volcanics located in the central portion of the license. Recent drilling activities by Rio Tinto based on geophysical targets on the license immediately adjacent to the south along the general NNE arc transverse trend from Oyu Tolgoi also provides encouragement.
Ongoing ground magnetic and gravity surveys are expected to advance our interpretation of Red Well and refine target generation for follow up exploration.
The recent direct private placement with EBRD has further strengthened our balance sheet supporting an acceleration of exploration activities. First phase drilling and initial follow up geophysics has already be completed at Devonian target #1, East Tsagaan Suvarga, and drilling is ongoing at our second target, Bayan Tal.
These activities support the first modern systematic Tier 1 copper porphyry drill testing and district scale reconnaissance exploration program in the Devonian copper belt with current geophysics are advancing Red Well as target 3, with plans currently refining targets 4 and 5 within the dominant ground position we hold across the Oyu Tolgoi-Tsagaan Suvarga Devonian belt.”

Vanguard boss warns on stock market highs www.bbc.com

The boss of Vanguard, one of the world's biggest investment funds, has expressed concerns about the record highs in stock markets.

Bill McNabb, chairman of the US company, told the BBC the markets could be on course for a "decent-sized correction at some point".
US stocks closed at fresh highs on Monday, days after the UK's FTSE 100 index hit a new record.
Mr McNabb said Vanguard was also watching Brexit "very carefully".
Vanguard, which manages $4.5 trillion (£3.5tn) of funds worldwide, employs about 400 people in London.
The firm's main focus is on providing tracker funds for do-it-yourself investors which follow the rise and fall of indices such as the FTSE 100.
'New highs'
In an interview with BBC Radio 4's Today Programme, Mr McNabb said stock markets were not "in bubble territory", but he felt valuations were "very high".
Wall Street has hit new records several times over the last month on expectations of strong company profits and hopes that President Trump will win backing for his tax cut plan.
Mr McNabb said financial markets "keep reaching new highs", partly because they had ignored some of the political turbulence around the Trump administration.
"The Trump presidency has in a sense defied conventional wisdom," Mr McNabb said.
He suggested it was because the markets were viewing "a lot of what gets said as really just words".
But Mr McNabb predicted that over the next 10 years stock markets will fall back again and the return from shares could drop from 9% to 6%.
"We expect there could be a decent-sized correction at some point," said Mr McNabb, who is stepping down as chief executive at the end of the year but staying on as chairman of Vanguard.
The UK's FTSE 100 closed at a record high on Thursday at 7,556.24, but has since eased back slightly.
Brexit impact
Mr McNabb said the firm was also monitoring the economic impact from Brexit on Europe and the UK.
Vanguard is concerned about rules for non-UK workers and the regulation of some of its financial products after the UK leaves the European Union.
But he added that those issues were "overcome-able".
"We remain very optimistic about the UK's prospects as a place to do business in the long-run," he added.
In May, Vanguard launched a new service to attract personal investors in the UK, offering tracker funds directly to consumers.
Mr McNabb's comments come as a City lobby group warned financial firms would pull the trigger on "irreversible" job relocations next year unless the government agreed a transitional Brexit deal.
The City UK said financial firms were "beyond the planning stage now" and would go ahead with contingency plans next year if there was no progress in the Brexit talks.

Turquoise Hill announces third quarter 2017 production; operational records achieved during quarter www.turquoisehill.com

Aspire Mining to complete bankable feasibility study for railway www.proactiveinvestors.com.au

Aspire Mining (ASX:AKM) has entered into a binding memorandum of understanding (MOU) to advance the Erdenet to Ovoot Railway Project located in Mongolia.

Asia credit close: All eyes on Mongolia, as Asian bonds edge higher www.reuters.com

SINGAPORE, Oct 16 (IFR) - Mongolia drew attention after mandating banks for a proposed new dollar issue and tendering for its old dollar and renminbi 2018 bonds.

Project to be implemented on building 3rd Wind farm in Dornogobi www.montsame.mn

Ulaanbaatar /MONTSAME/ A project launched to build the 3rd wind farm in Sainshand, Dornogobi aimag on October 12.

October 16, 2017 trading report www.mse.mn

On October 16, 2017, 229,907 shares of 23 firms listed as Tier I, II, and III were traded. 13 firms’ shares increased in price, 8 decreased and 2 remained unchanged. Hai Bi Oil JSC /HBO/ was the top performer, increasing 14.98 percent, whereas Silk Net JSC /GFG/ was the worst performer, decreasing 14.81 percent.