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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Bank of Mongolia issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia issues 1 week bills worth MNT 595.6 billion at a weighted interest rate of 12.0 percent per annum.1 - week CBBs, a main monetary policy instrument of BoM, plays an important role on managing the reserves of the banks. This CBB rate represents BoM’s policy rate guides interbank money market. In July 2007, the CBB with stable rate and unlimited bidding was introduced with auctions to be held on every Wednesday. This really had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. There has been a substantial change in the way banks manage their reserves since then. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB has been held in a type of competing by rate since May 2005. The auction average rate is the targeted rate variables in +/-2 percent from the policy rate and it frames to make the interbank rate as the operational target in midterm.

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MBD "B2B" ANNOUNCEMENT www.mongolianbusinessdatabase.com

A potential Japanese company founded in 1951 (1.2 bln yen annual sales) is seeking a business opportunity with Mongolia.

The main activity of the company is wheat flour, high standard rice, noodle and sake production and export but there's an opportunity to consider the prospective Mongolian product import and sale through its more than 1500 stabled outlet network in Japan.

Please contact at contact@mongolianbusinessdatabase.com and 77109911, 98994787, 99066062 for information in details.

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21 aimags and 285 soums being connected to internet www.montsame.mn

Ulaanbaatar /MONTSAME/ Today on 19 June, a launch event of ‘E-soum’ project, which is being implemented by the Government, was held at Shangri La Hotel. The Government has formulated policies and is implementing several programs and projects targeted at the development of information and communications sector. Electronization of soums is being implemented in three stages within the programs and projects.

On the first stage, wireless and landline internet service became accessible in 118 remote soums and on the second stage, wireless internet network was established in 136 soums, providing soum residents with inexpensive internet service. During the third stage, the project launched today is connecting some 80 soums and settlements with wireless internet. Therefore, now 21 aimags and 285 soums are having a wireless broadband internet connection.

PM J.Erdenbat delivered speech at the opening ceremony. “- Every Mongolian citizen has a right to receive services and information of state organizations transparently, promptly and independently on location and time, gaining access to the most reliable and universal communication service. We are working with an aim to make state service equally accessible and inclusive, reaching for citizens of remote soum, settlements and the countryside, changing the current situation that citizens move to bigger settlements to receive state services. We are launching a project to newly connect 73 soums with wireless and landline internet in 2017 within ‘E-soum” project. The project will give benefits to over 800 thousand people in remote soums and settlements and it is essential to improve their involvement of state policy development, access of state services as well as to make state organizations operate transparently and without bureaucracy ” PM said.

Executive Director of “Mongolia Telecom” company M.Altan-Ochir said “ – Internet connection becomes available in all over the soum center territory. State organizations of soums including Citizens representative meeting, governor’s office, hospital, police, kindergarten and schools are connected to internet. Moreover people can use any device to be connected to internet. A total of MNT2.5 billion was spent for it. Our company also made some funding for it. We are in charge of the internet operation and services further”.
“Mongolia Telecom” company is now working on introducing ‘E-soum’ application for administrative organization of soums to establish interior network between organizations, distribute information promptly and to make state service accessible to citizens through internet.

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Mongolia hailed for efficiency steps www.airlines.iata.org

IATA has welcomed the steps the Mongolian Civil Aviation Authority is taking to help airlines improve efficiency and reduce greenhouse gas emissions.

Mongolia has taken significant action in improving air traffic management infrastructure, through continued implementation of Performance-Based Navigation (PBN) routes.

Air Navigation Service Providers (ANSPs) use PBN technologies to allow aircraft to travel as quickly and safely as possible, optimizing efficiency and reducing aviation’s carbon footprint.

IATA’s initial estimates show that Mongolia’s actions in implementing PBN routes have resulted in annual reductions of 240,000 nautical miles, 24,000 flight minutes, and 2,250 tons of fuel burn, compared to the previous infrastructure.

In a statement, IATA said it was "eager to continue its valuable collaboration with Mongolia, striving to continue to improve the efficiencies of the flights operating in the region—via Mongolia—most of which are long haul."

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New project to boost renewable energy in Mongolia www.climateactionprogramme.org

The new project focuses on improving the reliability and sustainability of electricity services in Mongolia, in the face of the country’s rising energy demand.

The Second Energy Sector Project was approved by the World Bank’s Board of Executive Directors last week, and will provide $54.4 million to address bottlenecks in Mongolia’s electricity supply by upgrading ageing assets and expanding distribution capacity.

Obsolete and inefficient distribution networks have led to significant distribution losses, which are as much as 25 per cent in many networks.

The World Bank detailed that regional distribution systems have reached their capacity limit and are in critical need of renovation and expansion.

The project will finance efforts to upgrade and expand the capacity of power distribution infrastructure in the Baganuur-Southeast and the Erdenet-Bulgan distribution network – which provide electricity to nine of Mongolia’s 21 provinces.

The project will also support the development of renewable energy through the installation of the nation’s first large-scale solar photovoltaic (PV) 10 megawatt (MW) power plant outside the Central Energy System.

The solar energy plant will generate affordable and clean energy to the country’s western region, which currently imports 70 per cent of its power supply.

The project will be funded by a $42 million loan on concessional terms from the World Bank’s International Development Association and a $12.4 million grant from the Scaling-Up Renewable Energy Program under the Strategic Climate Fund.

James Anderson, World Bank Country Manager for Mongolia, said: “More reliable access to electricity will improve the lives of families and help businesses thrive. The World Bank is committed to continuing our partnership with Mongolia to strengthen the power sector and explore options for renewable energy to help the country pursue sustainable development.”

Peter Johansen, senior energy specialist of the World Bank, said: “We are encouraged by the government’s target to increase the share of renewables to 30 per cent by 2030. With its abundant solar and wind power resources, the country is now considering to more effectively and efficiently incentivize renewable energy investment to fully use its potential.”

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Mark Garnier emphasises strong UK-Mongolia trade relationship www.gov.uk

The UK’s international trade minister Mark Garnier was the first UK Department for International Trade Minister to visit Mongolia. His visit emphasised the strong bilateral trading relationship. Mongolia has huge potential for economic growth and the UK stands ready to help companies in Mongolia fulfil their ambition ensuring our partnership can go from strength to strength.

Throughout the visit, the minister highlighted the UK is a significant economic and export partner for Mongolia. The UK is one of the largest investors in Mongolia in sectors ranging from mining and building infrastructure to financial services. Exports from the UK to Mongolia include a diverse variety of products.

During his visit, the minister met the Foreign Minister, H.E. Munkh-Orgil Tsend, Vice Minister of Road and Transport Development, H.E. Tsogtgerel Batchuluun. Discussions were held on many matters, including:

ways to further strengthen the bilateral trading relationship
exploring areas to maximise future opportunities for UK and Mongolian businesses
He also opened the securities trading session at the Mongolian Stock Exchange.

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Russia's Rosneft discovers vast new oil deposit on Arctic shelf www.rt.com

Russian oil major Rosneft has announced the discovery of a new oil deposit while drilling at Khatanga Bay in the Laptev Sea in the eastern Arctic. The Ministry of Natural Resources says this could be the largest oil deposit on the country’s Arctic shelf.

“During the drilling of the Tsentralno-Olginskaya-1 well from the shore of the Khara-Tumus Peninsula on the shelf of the Khatanga Bay of the Laptev Sea, three core samples were taken from depths of 2305 to 2363 m, which showed high oil saturation dominated with light oily fractions,” the company said in a statement.

The potential of the newly-discovered deposit has yet to be verified, the company said.

“On the basis of primary studies, it can be concluded a new oil field has been discovered, the volume of the resource potential of which is increasing as the drilling continues. Core sampling continues at the moment,” a statement from Rosneft said.

Russian Minister of Natural Resources Sergey Donskoy congratulated the company on the discovery and said this could be the largest oil deposit in the Russian Arctic.

"Now we expect more discoveries from our colleagues. They promise to cheer up the sector soon," Donskoy posted on Facebook.

Russia’s largest private oil company – Lukoil – is also operating in Khatanga. Lukoil has been developing the Eastern Taimyr sector. The area’s coastal resources are estimated at 4.5 million tons of oil, 9.3 billion cubic meters of gas and 0.5 million tons of condensate.

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Prime Minister invites investors as positive economic outlook seen for Mongolian economy www.montsame.mn

Ulaanbaatar /MONTSAME/ The second annual summit of the Business Council of Mongolia is being held on June 19-20. Under the theme “Regional Connectivity in Asia”, the main topics of infrastructure, power, mining, environmental awareness and other potential projects are being discussed.

PM J.Erdenebat opened the summit with a speech and said “Foreign trade turnover of Mongolia steadily increased to USD 8.3 billion in 2016, while reached USD 4 billion in the first quarter of this year. Around 80 percent of the total exports consists of mining products. The Government is aiming to create multi-pillared economy by diversifying export products and manufacturing final products from the agricultural raw materials”.

After discussing the Economic Corridor program agreement, which was signed between Mongolia, China and Russia, PM J.Erdenebat noted “We perceive that an opportunity for increasing transit shipments and trades exists in Mongolia. Therefore, Mongolia is interested in cooperating with Russia, China and other countries in the region to increase rail freight transports, create power grid and develop pipeline transport. Also, the positive outlook of the Mongolian mid-term macro economy can be observed from the reports of international banks, financial institutions and experts. Therefore, we encourage foreign investors to invest in Mongolia”.

Within the framework of the summit, several world-leading companies, such as The Bank of Tokyo-Mitsubishi UFJ and SoftBank Group, are attending to present cooperation opportunities. Accordingly, Shigeki Miwa, General Manager of SoftBank's CEO Office, delivered a presentation on Asian Super Grid and highlighted the possibilities of joining the project.
B.Tugsbilig

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EU-standard meat factory to be built in Uvs aimag www.montsame.mn

Ulaanbaatar /MONTSAME/ During his visit to Uvs aimag, Minister of Food, Agriculture and Light Industry P.Sergelen attended the groundbreaking ceremony of “Khumen Negdel” LLC’s factory, which will manufacture meat and meat products under European Union standards with Austrian “BERTSCH LASKA” LLC’s equipment, on June 11.

The groundbreaking ceremony was attended by MP N.Tserenbat, local officials led by Governor of Uvs aimag D.Batsaikhan and representatives of local residents and herders.

The construction of the factory is expected to continue for 11 months in total. Once the operation starts, around 40-50 big and 120-150 small livestock animals will be processed through a single shift, producing thousand tons of livestock meat and 6 hundred tons of raw and pre-cooked meat products annually.

The current issue for the company is to establish a pre-contract with herders to register cattle with livestock branding, bar code systems and conduct preventive maintenance in order to provide healthy food to the consumers.

Secondly, the company is aiming to manufacture and export frozen meats, variety of sausages, meat products, meat preserves and offal products with HACCP and ISO standards. Furthermore, the factory is expected to create 70-80 jobs once the operation begins.
Source: Ministry of Food, Agriculture and Light Industry
B.Tugsbilig

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32 projects to be implemented in scope of China-Mongolia-Russia economic corridor www.gogo.mn

- The 2nd annual BCM Summit which is hosted by Business Council of Mongolia is being held under the theme “Regional Connectivity in Asia” to discuss opportunities in Mongolia to accelerate trade and economic development in Asia, today at Ikh Tenger Complex. -
The first panel on Regional Economic Integration: From Economic Necessity to Political Reality was attended by
V.Enkhbold, Director of Foreign trade and Economic Cooperation Ministry of Foreign Affairs,
Alex Gong, Executive director & Senior Vice President, Foun Group,
Haiming Xing, Ambassador of People`s Republic of China to Mongolia,
Og Song, Ambassador of the Republic of Korea to Mongolia,
Anastasiya Nabatchikova, Chief Administrative Officer, Bridgens,
Iskander Azzizov, Ambassador of the Rusian Federation
Ts.Tumentsogt. CEO, Erdenes Mongol.
The panel discussion was moderated by B.Byambasaikan, Board Member of Mongolian Business Council.

Iskander Azzizov, Ambassador of the Russian Federation to Mongolia said that Russia and Mongolia reached an agreement to upgrade the Ulaanbaatar Railway Joint Venture Company.
Haiming Xing, Ambassador of People`s Republic of China to Mongolia emphasized "There are six economic corridors between Mongolia and China. China is ready to invest in order to develop those corridors.
Og Song, Ambassador of the Republic of Korea to Mongolia stated that "Korea and Mongolia are discussing to establish Economic Partnership Agreement and I hope that it will enable Korean investors to turn their attentions to Mongolia. However, we must remember that stable policy is very significant.
Moreover, a technological fund of Korea and Japan agreed to invest in Mongolia. A meeting of the fund was held in Tokyo and the next meeting is planned to be held in Ulaanbaatar on 18-19th of July, involving delegations of major technological companies of the two countries; namely Hyundai, Samsung and Mitsubishi etc". 
 Heads of Russia, Mongolia and Chine agreed to implement 32 projects in scope of the China-Mongolia-Russia Economic corridor. Due to high number of projects, there is a necessity to choose the essential six projects that are needed to be implemented in near future. V.Enkhbold, Director of Foreign trade and Economic Cooperation Ministry of Foreign Affairs noted that Mongolia chosen the priority six projects and submitted the proposal. 
The next meeting of Presidents of Russia, China and Mongolia is scheduled to take place in Ulaanbaatar city and the new President of Mongolia will attend. Panelists noted that the President T.Elbegdorj played a key role in establishing the China-Mongolia-Russia Economic corridor.

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