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      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     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.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

64x64

Erdene Announces Resource Estimate for the High-Grade Khundii Gold Project www.globenewswire.com

HALIFAX, Nova Scotia, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce the Mineral Resource estimate for its 100%-owned Khundii Gold Project in southwest Mongolia, prepared by RPMGlobal in accordance with the definition standards of National Instrument 43-101 (“NI 43-101”).

The Khundii Gold Project includes the Company’s high-grade Bayan Khundii and Altan Nar deposits, located 16 kilometres apart. Today’s announcement includes the Maiden Mineral Resource estimate for the Bayan Khundii deposit and incorporates the significant increase in the NI 43-101 Mineral Resource for the Altan Nar deposit reported by the Company in May 2018. These deposits are shallow and high-grade, outcropping and located within the newly discovered Khundii Gold District.

Highlights (see attached figures for reference)

• Khundii Gold project total Mineral Resource:

751,000 ounces gold at an average grade of 2.3 g/t gold, Measured and Indicated; and,
291,000 ounces gold at an average grade of 1.8 g/t gold, Inferred.
• At a higher cut-off grade of 1.4 g/t gold, the Khundii Gold Project contains:

642,000 ounces gold at an average grade of 3.7 g/t gold, Measured and Indicated, including, 357,000 ounces gold at an average grade of 5.2 g/t gold at the Bayan Khundii deposit. 
• Including precious and base metals, the Khundii Gold Project includes:

886,000 ounces gold equivalent (“AuEq”) at an average grade of 2.7 g/t AuEq, Measured and Indicated; and
382,000 ounces AuEq at an average grade of 2.3 g/t AuEq, Inferred. 
• Work has commenced on the Preliminary Economic Assessment for the Khundii Gold Project, expected to be announced in Q4-2018

“With the results of the maiden Bayan Khundii resource estimate, we have met our initial resource target for the Khundii Gold Project at grades significantly higher than the global average of producing open pit gold mines,” said Peter Akerley, Erdene’s President and CEO. “The Bayan Khundii and Altan Nar deposits provide synergies for our Company and represent a compelling development opportunity given their high-grades, proximity to surface and favorable metallurgy. We will incorporate these two resource estimates into a Preliminary Economic Assessment for the Khundii Gold Project by year-end and expect to submit mining license applications for both deposits in early 2019. At the same time, we continue our regional exploration program with drilling currently underway testing multiple targets, designed to expand current resources and discover new deposits in this newly discovered gold district.”

A supporting NI 43-101 Technical Report will be filed on SEDAR at www.sedar.com within 45 days of this release.

Overview of Mineral Resource Estimate

Bayan Khundii is located 16 kilometres southeast of Erdene’s Altan Nar high-grade gold-polymetallic deposit, where the Company announced a significant increase to the mineral resource on May 10, 2018 (click to read news release). The two resource estimates are considered a single project (Khundii Gold Project) for future economic and technical development studies, and are discussed herein as the Khundii Gold Project Mineral Resource estimate (Table 1).

The Bayan Khundii Maiden Mineral Resource estimate (“Mineral Resource”) was prepared in accordance with NI 43-101 by RPMGlobal Asia Limited (“RPM”) and is dated effective September 12, 2018. The reported Mineral Resource (Table 2) is based on information provided to RPM by Erdene and verified where possible by RPM. All statistical analysis and mineral resource estimations were carried out by RPM. A final NI 43-101 Mineral Resource estimate and Technical Report will be filed on SEDAR within 45 days. The Mineral Resource incorporates 255 diamond drill holes totaling 42,656 metres, completed between Q4-2015 and Q2-2018. The Mineral Resource is contained within a near-surface, shallow-dipping and strongly mineralized system (intercepts up to 2,200 g/t gold as previously reported) that extends over an area of 1.2 kilometres (NE-SW) and 200 to 400 metres (NW-SE). Grade capping for the purposes of the Bayan Khundii deposit resource estimate averaged 51 g/t gold for high-grade domains (range from 8 g/t to 250 g/t gold) and a maximum of 1.5 g/t gold for the low and medium grade domains.

...


64x64

Russian giant copper project in talks to raise $1.25B www.reuters.com

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit, its chairman said.

Large greenfield projects in Russia's energy and mining sector slowed after Russia was hit by Western sanctions four years ago, limiting the economy's access to foreign finance, but some of the bigger projects are now being revived with home-grown financing.

Usmanov's Baikal Mining Company, operator of the Udokan copper deposit, is betting on strong global appetite for the metal, which many expect to be in demand for use in electric vehicles.

With total resources of 26.7 million tonnes of copper, Udokan is one of the biggest untapped deposits in the world. 
"Russia’s largest banks have expressed interest in our project," Baikal Mining Company Chairman Valery Kazikayev told Reuters, adding that the progress in talks had been especially good with one of them.

With total resources of 26.7 million tonnes of copper, Udokan is one of the biggest untapped deposits in the world. However, it remained virgin since its discovery in 1949 due to lack of technology for its unique and difficult-to-extract ore.

When Kazikayev was receiving a PhD in Economics from the Moscow Mining Institute in 1976, one of the ideas being researched by his fellow students was a "clean" nuclear blast to extract the ore at Udokan, but that remained on paper.

Usmanov bought the right to develop Udokan for $500 million from the Russian government right before the 2008 financial crisis. It has taken 10 years for Baikal Mining Company to solve the technical challenges of the project.

An additional $330 million was spent on creating a new geological model for the deposit as it turned out that the Soviet estimate did not correspond with the real content of copper in Udokan's ore, Kazikayev said in a rare interview.

Now, the company has reached the stage when it is ready to start preparing the site for construction of the plant this month, which will use a mix of flotation and hydrometallurgy as production technology.

Project finance is being sought from banks because the Baikal Mining Company needs $1.35 billion to build a plant able to mine 12 million tonnes of ore a year and produce 130,000 tonnes of copper from it.

Kazikayev did not identify the banks the company was in discussions with. Russia's top banks – Sberbank, VTB and Gazprombank – did not reply to Reuters requests for comment.

TIMELINE

The company plans to invest $100 million in the project, mainly focused on Chinese and other Asian markets, and raise the $1.25-billion project financing for the rest of the sum, Kazikayev said. With annual capacity of 12 million tonnes of ore, it will have an internal rate of return of at least 21 percent.

Udokan, which can potentially be expanded to 48 million tonnes, may speed up expansion subject to favourable market conditions for copper.

"Copper is one of the most promising metals," Kazikayev said. "That is why I think that the timeline of the project's capacity reaching 24, 36 or 48 (million tonnes of ore) may be tightened."

Two of four global mining giants and three Chinese companies have expressed interest in the project, and while the Russian company remains in contact with them, it currently plans to go ahead with the project on its own.

"We have not been offered enough (for a stake in the project) to make us strongly interested in this. We believe that we can do the first stage of the project on our own and thus increase the capitalisation of our project to a beneficial level," Kazikayev said.

(Reporting by Polina Devitt and Diana Asonova; additional reporting by Tatiana Voronova; writing by Polina Devitt; editing by Emelia Sithole-Matarise)

...


64x64

Mongolia gradually witnessing progress in tourism www.travelandtourworld.com

In the past, Mongolia was often perceived as an inaccessible or obscure location, due to the hardy nature of its landscapes and distant geographical position between Russia and China.

More famous as the birthplace of Genghis Khan, leader of the Mongol Hordes, than as a tourism destination, Mongolia in modern times has relied on mining as its main source of income, with 80% of its exports coming from the substantial mineral deposits found inside its borders.

However, due to increase in popularity of holidays with events like the annual Nadaam festival, where participants celebrate Mongolians’ rich heritage with horse races, archery contests and wrestling, the country is now seeing tourists from Russia, China and APAC as well as Europe and the States.

Mongolia is witnessing a slow, but steady increase in the number of international visitors, going up to 471,094 in 2017, marking a 28.3% increase from 2016.

One company seeking to take advantage of the uptick in interest to Mongolia is Hunnu Air, Mongolia’s second largest airline, who have announced a new deal with Sabre corporation which will see the carrier’s content rolled out via the tech provider’s marketplace platform used by more than 425,000 global travel agents.

“Hunnu Air has taken on a new direction, more committed than ever to providing convenient domestic and regional flight options to travellers. In conjunction with our growing fleet and numerous scheduling options, we are eager to leverage Sabre and the platform that we need to continue to grow our operations, and further anchor ourselves within the country’s travel landscape,” said Munkhjargal Purevjal, CEO of Hunnu Air.

...


64x64

China, Mongolia, Russia Push for ‘Economic Corridor’ www.russiabusinesstoday.com

The 4th International Forum of the Association of Experts Centers of China, Mongolia, and Russia began in Ulaan-Bator, the capital of Mongolia on Tuesday, Xinhua reported.

During the two-day event, some 120 experts and officials from the three countries are expected to submit their proposals and exchange views on intensifying the establishment of the China-Mongolia-Russia economic corridor and strengthen trilateral cooperation.

“The trilateral economic corridor, an important part of China’s Belt and Road Initiative, is related to not only the economy but also various fields such as culture, science, tourism and people-to-people exchanges,” Yadmaa Tumurbaatar, director of the National University of Mongolia, said at the opening ceremony of the forum.

Titled “China-Mongolia-Russia economic corridor: Innovation and Co-Development,” the forum will hold three-panel discussions focusing on cooperation in energy, transportation, education, culture, science, technology, and socio-economic issues.

In 2014, Chinese President Xi Jinping first initiated the China-Mongolia-Russia Economic Corridor (CMREC) as part of the Belt and Road Initiative, furthering its goal to develop infrastructure and industrial projects to establish free trade and economic cooperation zones in cross-border cities.

Some of the more well-known projects include the China-Mongolia Cross-border Economic Cooperation Zone from Erenhot to Zamiin Uud and the Northern Railway Corridor which extends the national rail network to connect Mongolia with Russia and China.

...


64x64

Experts from China, Mongolia, Russia talk on construction of economic corridor www.xinhuanet.com

ULAN BATOR, Sept. 18 (Xinhua) -- The fourth China-Mongolia-Russia Think-Tank Forum kicked off here Tuesday to discuss the building of a trilateral economic corridor between the three countries.

During the two-day event, some 120 experts and officials from the three countries are expected to submit their proposals and exchange views on intensifying the establishment of the China-Mongolia-Russia economic corridor and strengthen trilateral cooperation.

"The trilateral economic corridor, an important part of China's Belt and Road Initiative, is related to not only the economy but also various fields such as culture, science, tourism and people-to-people exchanges," Yadmaa Tumurbaatar, director of the National University of Mongolia, said at the opening ceremony of the forum.

Themed on "China-Mongolia-Russia economic corridor: Innovation and Co-Development," the forum will hold three panel discussions focusing on cooperation in energy, transportation, education, culture, science, technology and socio-economic issues.

The China-Mongolia-Russia Think Tank Forum was jointly established by relevant agencies and associations from the three countries in 2015.

The first forum was held in Mongolia's capital in 2015, with the second taking place in Inner Mongolia, China in 2016, and the third in Buryatia, a republic of Russia in 2017.

...


64x64

PM U.Khurelsukh paying an official visit to the United States www.montsame.mn

Ulaanbaatar /MONTSAME/ From today, Prime Minister of Mongolia U.Khurelsukh is paying an official visit to the United States of America at the invitation of the White House.

Within the visit, PM U.Khurelsukh is to hold meeting with top officials of the United States to exchange views on current state of Mongolia-U.S. relations and cooperation. Moreover, the PM will sign a declaration of the Second Compact Agreement with the U.S. Millennium Challenge Corporation. During the visit, the sides will issue a joint statement on Comprehensive and Extended Partnership, agreeing road map of expanding bilateral economic cooperation.

The PM also plans to meet representatives of Mongolians in Washington, D.C who are living in the USA, and address at the general debate of the 73rd Session of the UN General Assembly. During his attendance in the 73rd Session of UNGA, PM U.Khurelsukh will hold talks with Antonio Guterres, UN Secretary-General, Achim Steiner, Administrator of the UN Development Programme and other high-level officials.

Furthermore, he will give remarks at annual meeting of the Socialist International Organization to be held in New York between political and economic leaders.

...


64x64

Elon Musk unveils first tourist for SpaceX 'Moon loop' www.bbc.com

Elon Musk's company SpaceX has unveiled the first private passenger it plans to fly around the Moon.

Japanese billionaire, entrepreneur and online fashion tycoon Yusaku Maezawa, 42, announced: "I choose to go to the Moon".

He is expected to lift-off on the Big Falcon Rocket (BFR), a launch system unveiled by Mr Musk in 2016.

The mission will mark the first visit to the Moon by humans since Nasa's Apollo 17 landing in 1972.

The announcement was made at SpaceX's headquarters in Hawthorne, California, on Tuesday.

The company said the flight represented "an important step toward enabling access for everyday people who dream of travelling to space".

Earlier on Twitter, Mr Musk had already hinted that the passenger would be from Japan.

Only 24 humans have visited the Moon - all of them Americans. Three of the Apollo missions - 8, 9 and 13 - orbited without landing, as this one will.

However, the timeline for this launch remains unclear, and it relies on a rocket that hasn't been built yet.

In 2017, Mr Musk announced that he would be sending two paying passengers on a loop around the Moon - which was to have launched as early as this year.

At the time, SpaceX was to have used its heavy-lift Falcon Heavy rocket and the crewed version of the existing Dragon spacecraft.

But in February this year, Mr Musk said SpaceX would concentrate on the BFR for future crewed missions.

The BFR has never flown, but Mr Musk has released some technical details about it. The rocket is expected to stand 106m high and have a diameter of 9m.

By comparison, the Falcon Heavy is 70m tall and consists of a central rocket core surrounded by two boosters, each with a diameter of 3.66m.

On Monday, Mr Musk unveiled new artist impressions of the BFR and the spaceship which will carry passengers around the Moon.

It appeared to confirm some design changes to the spaceship, including three large fins near the back and a black heat-shield on the craft's underside.

Eventually, the BFR should be able to lift a whopping 150 tonnes into low-Earth orbit - that is more than the US Saturn V rockets that lofted the Apollo spacecraft.

The SpaceX founder has attracted some uncomfortable headlines of late - he recently smoked marijuana during a webcast with a US comedian.

Shares in Tesla have had a turbulent time after the entrepreneur said in a tweet last month that he wanted to take the carmaker private. He abandoned the idea about two weeks later.

Earlier on Monday it emerged that Mr Musk was being sued for defamation over his repeated claims that a British cave diver was a child abuser.

The lawsuit brought by Vernon Unsworth, who helped with the rescue of 12 Thai teenagers from a flooded cave in July, seeks $75,000 (£57,000) in compensation and an injunction against Mr Musk to stop further allegations.

...


64x64

Chinese delegation informs Mongolians on Tibet's development www.xinhuanet.com

ULAN BATOR, Sept. 17 (Xinhua) -- A visiting Tibetan cultural exchange delegation dispatched by China's State Council Information Office has reported on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.

It has informed Mongolian officials, representatives of the Tibetan Buddhist community and the press on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.

"With vast territory, China is a united multi-ethnic state. Tibetan culture with unique plateau characteristics is an inseparable and important part of Chinese culture," said Hao Shiyuan, head of the delegation and member of the Chinese Academy of Social Sciences, at the discussion with representatives from various fields of Mongolia at the Chinese Embassy here on Monday.

In the process of economic and social development, it is an important task for China to protect Tibetan culture and the cultures of other ethnic minorities, Hao said.

China and Mongolia have enjoyed a long history of religious and cultural exchanges. The cooperation and exchanges between the two sides have great potential, he added.

Yang Qingdong, charge d'affaires ad interim of the Chinese embassy, said in his speech that China-Mongolia relations have entered the fast track this year.

"The visit of the Chinese Tibetan cultural exchange delegation to Mongolia is a concrete measure for China to implement the consensus of the leaders of the two countries and to promote people-to-people exchanges between the two sides," he said.

He expressed the hope that such exchanges will help Mongolian academia, media and ordinary people better understand China and enhance the friendship between the two peoples.

Mongolia is the second stop of the delegation's overseas exchange trip. The delegation has already visited Japan, and will leave Mongolia on Tuesday for South Korea. Enditem

...


64x64

China reports new African swine fever outbreak in Inner Mongolia www.reuters.com

BEIJING (Reuters) - A new outbreak of African swine fever occurred on a farm in northern China’s Inner Mongolia, the agriculture ministry said on Monday, the second in the region, as the highly contagious disease continues to spread rapidly across the world’s top producer of pigs.

Eight hogs were dead and 14 were infected on the farm of 159 animals, the Ministry of Agriculture and Rural Affairs said on its website.

The outbreak is China’s 16th since early August, and comes despite a series of tough new rules announced by Beijing last week to tackle the spread.

China has now banned the transport of live hogs and pig products from regions bordering provinces that have reported swine fever outbreaks, as well as those that have had cases.

It has also banned the use of feed derived from pig blood, and banned the use of feeding kitchen waste in 16 provinces.

The new outbreak also comes just weeks ahead of a national holiday, causing concern in Beijing about pork supplies.

Still, there are also signs that consumers may be avoiding pork, even though African swine fever cannot infect people. Poultry prices have risen in recent weeks, in part because of the disease, industry officials said.

In an article on Monday, the state-backed People’s Daily reminded consumers that people could not catch the disease, and urged them not to believe rumors.

“Pork bought through standard channels must all go through inspection, the public does not need to worry,” it added.

...


64x64

More Mongolians visiting South Korea for medical services www.news.mn

With more than 9,000 Mongolians having visited Seoul as “medical tourists” last year, the South Korean capital city is offering a promotional tour for a group of Mongolians to show what the city has to offer in the way of tourism and health care.

According to Seoul CityAdministration, of all the tourists who visited the South Korean capital to receive medical care in 2017, Mongolians accounted for the fifth-highest number with 9,600. With those figures in mind, the city is hosting a tour for major buyers and media representatives from Mongolia, which runs from Monday to Thursday.

According to a Korea Tourism Organisation report compiled in 2015 to assess medical tourists’ level of satisfaction with the services they received, Mongolian visitors stayed in Korea for an average of 35.6 days — far surpassing the average stay of 17.7 days for medical tourists of all nationalities.

The 2015 report found that the Mongolian visitors spent about 10.1 days sightseeing. For that reason, the Seoul City tour will include popular tourist destinations, or “wellness tour assets,” as well as health care institutions.

...