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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How Mongolia's nomads are adapting to climate change www.dw.com

Harsh winters and dry summers are threatening the livelihoods of Mongolia's nomadic herders. Some are banding together to safeguard their herds - and communities - from the extreme conditions.

For centuries, nomadic families have driven their livestock across Mongolia's steppe, preserving a way of life that goes back generations. But changes in this vast, desolate landscape have forced them to adapt. Winters have become harsher, and extreme weather events more frequent.
Global warming is affecting Mongolia faster than other parts of the world. "Over the last 70 years, the average air temperature has risen by 2.1 degrees Celsius [3.8 degrees Fahrenheit] - one of the highest increases recorded on Earth," said Tunga Ulambayar, director of Saruul Khuduu Environmental Research, Training and Consulting.
"By the end of the century, temperatures could rise 5 degrees Celsius," she said. "Extreme events are growing in some areas. Cases of 'dzud,' or extremely severe winters in the Mongolian language, are increasing. Some regions experience heavy summer rain, others go through increasingly intense winter storms."
A herder sets off early in the morning to take his livestock to the daily grazing pasture in the Gobi desert (Photo: Jacopo Pasotti)
Climate change is especially felt by those who live off the land
Mongolia is one of the last pastoral countries left on Earth. Its economy is dependent on the production of livestock, and around 80 percent of its territory is covered in grasslands. Living at the edge of the inhabitable world, pastoral nomadic people are highly vulnerable to changes.
In response, some herders are forming communities and pooling their resources, in hopes that this will allow their traditional nomadic lifestyles to survive.
Pastures at risk
Around 28 percent of the Mongolian population lives at or below the poverty line, and many people survive on a subsistence basis. Because of this, and the fragile nature of pastures, extreme weather events are often disasterous in Mongolia.
Experts are warning that pastures are at further risk due to overgrazing and climate change.
"A few centimeters more snow than average locks the forage under a thick frozen layer, and causes high mortality among the livestock," Ulambayar said.

"Nomads are forced to migrate to other districts, placing pressure on other fragile pasturelands and communities. Many herders have to move to the city."
The capital of Mongolia, Ulaanbaatar, is already reeling under the impacts of rapid urbanization, which include off-the-charts air pollution.
Due to dzud, the winter of 1999 to 2000 resulted in the country losing 30 percent of its herds nationwide. As reported by Ulambayar in the scientific journal "World Development," 2 million head of livestock, or 20 percent of the national herd, were lost in the dzud of 2009.
And dzud events are projected to increase due to climate change.
The nomads have also observed less obvious changes. "The Khunkeree river used to flow for 25 kilometers [15.5 miles], but these days it only goes 20 kilometers. So it is has shrunk," said Batkhuyag Tseveravajaa, head of the Uvurkhangai community in the Gobi desert.

Some of the nomads regret the end of the Negdel time, when herds and rangeland were state-owned. Livestock and pastures were equally distributed among herders, pastures were sustainably grazed, and seasonal moves were directed. On top of that, veterinary and social services were provided, and fodder was supplied in the event of a dzud.
But in the 1990s, the fall of the socialist regime resulted in the collapse of this system and the emergence of a market-driven economy.
"Herders found themselves alone, suddenly owners of their animals and the land - without support from the institutions. The number of livestock rapidly increased, and pastures degraded," noted Ulambayar. "After mining, sheep wool and cashmere are the highest traded goods from Mongolia," she added.
Before the market-driven economy, herders had no reason to scale up their production, as they had a fixed salary and the government provided them with social services.
Today, cashmere is a profitable resource. But it is exploited in an unsustainable way. Since the 1960s, the number of goats kept to produce cashmere has risen from 4.5 million to 23 million.

Some herders are trying to adapt by forming communities. This allows them to manage their pastures, pool their labor, and slow down - or even halt - the degradation of their land. Herders believe this could be a solution.
After the disastrous winters in early 2000, many herders formed communities for the management of pastures and natural resources, assisted by non-governmental organizations, explained Ulambayar, who studied herders' capacity to adapt in four districts. She found that those who banded together and pooled their resources significantly reduced household vulnerability to dzud.
The head of the Uvurkhangai community, Batkhuyag Tseveravajaa, is convinced of the benefits. "Together, we collect hay and forage for the winter. We grow vegetables, comb goats, sheer sheep and ensure our river remains clean. These activities are quicker when carried out together," he said.

Belonging to a community also comes with social support. Tseveravajaa's community has a fund of 5 million tugriks (about 2,000 euros) for members who have been severely hit by natural disasters.
"Finding adaptation strategies for Mongolian rural communities is an economic, social, and humanitarian priority," Ulambayar said.
Until now, communities have shown remarkable resilience, Ulambayar said. The solution to challenges posed by natural and societal changes lies within a dialogue between the herds and the institutions.
"So far, it has proven to work," Ulambayar concluded.
This story is a part of the Shared Horizons journalism project, which focuses on community-based management of resources as a tool to adapt to changes in the environment. Funding support was provided by the Innovation in Development Reporting Grant Program, operated by the European Journalism Center.

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UK Serious Fraud Office launches probe into Rio Tinto over Simandou www.mining.com

The UK’s anti-fraud investigating body said Monday it is probing Rio Tinto’s dealings in Guinea involving the giant Simandou iron ore project.

"The Serious Fraud Office has opened an investigation into suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it," the SFO said in a statement on Monday.

In November last year Melbourne-based Rio fired two executives involved in the project after an internal investigation uncovered a $10.5m payment in 2011 to a French national acting as a go-between with the West African nation’s government.

Simandou hasn't only dented Rio Tinto’s reputation
Rio, the world’s second largest mining company, announced in October it was fully exiting the project by selling its stake to former partner Chinalco for up to $1.3 billion. Rio has spent more than $3 billion advancing the project (including a $700m payment to the Guinea government to resolve "outstanding issues" in April 2011) having first acquired the property in the late nineties.

Shares in Rio Tinto lost nearly 2% of its value in London on Monday amid a generally positive day for the mining sector, reducing its market valuation to $79 billion. Rio stock is up just over 5% year to date in line with a better trading environment for miners.

Israeli billionaire Beny Steinmetz is fighting allegations of bribery when it acquired the rights to one half of Simandou (stripped from Rio over development delays) in 2008 when Guinea was under military rule.

BSGR, the mining arm of the diamond magnate, signed a multi-billion dollar deal with Brazil's Vale in 2010 to jointly develop the project, but Guinea stripped BSGR’s rights in 2014. BSGR is seeking international arbitration over the loss of its rights and has also sued George Soros for $10 billion, accusing the hedge fund billionaire of running a defamation campaign against the company.

Rio last year had its lawsuit for damages against BSGR and Vale dismissed in a New York court.

In June, ex-Wall Street banker Mahmoud Thiam who served as Guinea’s mining minister during 2009–2010 was convicted of laundering $8.5 million he was alleged to have taken to help a Chinese company gain mining concessions. Guinea is one of the world's largest producers of bauxite, the primary ore used in the production of aluminum.

With complete control of Simandou, Beijing-based Chinalco may revive the stalled project for the southern block of the 2 billion-tonne deposit of high-grade iron ore.

The original $20 billion agreement signed in 2014 with the backing of the World Bank (which has since withdrawn support) called for a new 650km railway to Conakry, Guinea's capital in the north, plus a new deep water port at a conservatively estimated cost of $7 billion, and infrastructure investments that would double the economy of the impoverished country.

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China June coal imports from Mongolia, Russia rise - customs www.energy.economictimes.indiatimes.com

BEIJING: China's coal imports rose in June from Mongolia and Russia as utilities and steel mills sought out more cheap raw material even as the government tried to curb purchases of foreign fuel.

Coal-fired power demand rose last month during a prolonged heatwave in the north ahead of the peak consumption period.

Since mid-February the two nations have helped fill a supply gap left by China's ban on coal from North Korea. In the first half of the year, imports from Mongolia were up 79.5 percent from last year's 10.4 million tonnes, customs data showed on Monday.

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EU to open Delegation to Mongolia www.europa.eu

The European Union will, following a decision by Federica Mogherini, the High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, open a Delegation to Mongolia.

With its new Delegation in Ulaanbaatar, the EU will have a total of 140 Delegations around the world.
The President of the European Commission, Jean-Claude Juncker said: "The European Union is delivering on a promise to open a fully-fledged delegation in Mongolia – a democratic country strategically located between China and Russia and an important partner for us. I have visited Mongolia three times, the first in 1998 and most recently in 2016. The wonderful progress of this country and its development deserves our warmest congratulations, and certainly merits a full-time European Union presence."
The High Representative/Vice-President, Federica Mogherini said: "Mongolia has an important role in a complex region, with a unique geostrategic position. This Delegation represents an investment for the European Union in view of strengthening our relationship with Mongolia, and a commitment to the people of the country. Soon we will also conclude* our new Partnership and Cooperation Agreement, which is a further demonstration of the importance we place on developing our close ties."
The decision by the High Representative/Vice President follows the agreement of the Commission and the Council of the European Union and will be implemented in the course of 2017.
The decision to open a Delegation in Ulaanbaatar underscores the significant progress that has been made in developing EU-Mongolia relations. The establishment of an EU Delegation in Ulaanbaatar will allow both sides to step up their political dialogue and cooperation and will pave the way for the further strengthening of the partnership.

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Central bank releases book on treasure www.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Bank of Mongolia released a book called “Treasury Fund of Mongolia”, a compilation of narratives about the most distinguished items in the central bank’s treasury, as well as about the national paper bills and coins, commemorative coins and golden post stamps. The narratives are all written in both Mongolian and English.
 
Specialists from the National Museum of Mongolia have also assisted in the development of this book.
Mongolia’s treasury reserve started being accumulated since 1924, when the Bank of Commerce and Industry was established. The reserve has been enriched with precious items of historic and cultural significance. In accordance with the 101st resolution of the Ministerial Council of the People’s Republic of Mongolia (formerly) issued in 1983, the Treasury of Mongolia has officially been set up. The Law on Treasury was adopted in 1984.
 
On the occasion of the 80th anniversary of the inception of banking system in Mongolia, the first exhibition of treasury reserve opened and since then it has been operational and open to public.
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Number of International travelers rises by 20 percent www.montsame.mn

 
Ulaanbaatar /MONTSAME/ In the first half of 2017, 2.8 million passengers crossed the border of Mongolia, which represents an increase of 368.5 thousand passengers or 15.2 percent compared to the same period of 2016.
 
Majority or 37.6% of inbound passengers have crossed through Zamiin-Uud immigration post, whereas 15.7% passed through Gashuunsukhait, 15.1% -- through Buyant-Ukhaa, 11.8% -- through Altanbulag, 6.6% -- through Shiveekhuren and 13.2% -- through other immigration posts.
 
Within the first half year, 216.9 thousand foreigners travelled to Mongolia, showing increase by 36.3 thousand. This is increase of 20.1% against the same period of previous year.
 
The number of tourists from South Korea has increased by 43.7%, Australia -- by 32.6%, Russia -- by 27.7%, and China -- by 19.7%, whereas the number of tourists from Turkey has decreased by 21.8%, Italy -- by 5.1%, and India -- by 3.5%.
 
64.7% of the foreign tourists were from the East Asia and the Pacific region, 29.0% -- from Europe, 4.7% -- from America and remaining 1.6% were from the Middle East, South Asia and Africa. In the reference period, 1.2 million Mongolians travelled abroad, of which 860.3 thousand or 71.8% travelled for private purposes.
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Oil explorations being conducted on 25 sites www.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Petroleum Authority has reported that more than USD 50 million is expected to be invested in oil exploration in 2017. As of June, 21 contracted companies are conducting exploration on 25 sites. Deals for exploration on three other sites and one open exploration, and a tender is underway for two sites, reports the authority.
 
The most successful among the international companies that have been operating in Mongolia is Petro Matad. The company secured a deal with Sinopec and is starting drilling works this September. As of last Friday, price of Petro Matad’s stock rose by 1.49 percent at the London Stock Exchange.
 
The Government has set a goal to accumulate MNT 233.5 billion from the oil exports to the government budget. In the first five months of this year, MNT 83.7 billion was accumulated, with 42.2 percent export completion. Also, USD 452 million is going to be invested in extraction of oil.
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Oil gains ahead of producer meeting; Nigeria, Libya output in focus www.reuters.com

TOKYO (Reuters) - Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.
 
Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers gather in the Russian city of St Petersburg on Monday to discuss the pact to curb output by 1.8 million bpd through the end of March 2018.
 
The committee may recommend a conditional cap on Nigerian and Libyan oil production, sources familiar with the talks said, although some analysts were deeply skeptical the group would make such a move.
 
"The committee may issue a statement on cooperation in production cuts, but output cuts by Libya and Nigeria would be next to impossible considering Libya was just re-emerging from the civil war, for example," said Kaname Gokon, strategist for commodities brokerage Okato Shoji in Japan.
 
Russian Energy Minister Alexander Novak said Libya and Nigeria should cap output when their output stabilizes, the Financial Times reported.
 
London Brent crude for September delivery was up 24 cents at $48.30 a barrel by 0316 GMT on Monday. The contract settled down $1.24, or 2.5 percent, on Friday after a consultancy forecast a rise in OPEC production for July despite the pledge to rein in output.
 
NYMEX crude for September delivery was up 17 cents at $45.94.
 
Kuwait's oil minister, Essam al-Marzouq, said on Saturday that compliance was good with oil production cuts by OPEC and non-OPEC countries and that deeper curbs were possible.
 
Meanwhile, OPEC Secretary General Mohammad Barkindo said on Sunday that a rebalancing of the oil market is progressing more slowly than expected, but will speed up in the second half of 2017.
 
Elsewhere, Turkish President Tayyip Erdogan traveled to Saudi Arabia and Kuwait on Sunday, the Gulf states' official news agencies reported, as part of a diplomatic tour aimed at healing an Arab rift with Ankara's ally Qatar.
 
U.S. oil drillers cut one rig in the week to July 21, according to data from Baker Hughes.
 
The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, sources told Reuters, which could severely restrict the OPEC nation's crude exports.
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President opens ‘Khaan quest’ multinational exercise www.montsame.mn

Ulaanbaatar /MONTSAME/ President Kh.Battulga on Sunday attended the opening ceremony of ‘Khaan Quest’ international peacekeeping exercise.
 
The annual multinational peacekeeping exercise opened this year on July 23, Sunday at Five Hills Training Area, engaging over 1100 peacekeeping troops from 26 countries.
 
The opening ceremony was attended by President and Commander-in-Chief of Mongolian Armed Forces Kh.Battulga, Minister of Defense B.Bat-Erdene, Head of the Staff of Presidential Office Z.Enkhbold, Chief of the General Staff of Mongolian Armed Forces, Lieutenant General D.Davaa, Ambassador Extraordinary and Plenipotentiary of the United States to Mongolia Jennifer Zimdahl Galt, US Army Pacific Deputy Commanding General-North, Major General Roger Noble, representatives of diplomatic missions and military personnel.
 
In his opening address, the President affirmed Mongolia’s readiness to continue supporting global and regional peace and security.
 
The 2017 ‘Khaan Quest’ exercise comprises command and staff courses on brigade and battalion levels and tactical field exercises on platoon and company levels.
 
The ‘Khaan Quest’ exercise was co-initiated in 2003 by the Mongolian Armed Forces and the US Army Pacific as a bilateral military exercise, and was later expanded to a multinational peacekeeping exercise in 2006. The exercise has engaged over 11 thousand soldiers from 51 countries of five continents over the past years.
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Meeting With Mongolists And International Scholars www.publicnow.com

On July 21, the President of Mongolia Khaltmaagiin Battulga welcomed representatives of Mongolists and international scholars, who are participating in the International Scientific Conference themed 'The Buddha's teaching: The Study of Mongolian Ganjuur'.
President Battulga also serves as Vice President of the International Association for Mongolian Studies.
At the meeting, President Battulga noted: 'A year ago I was appointed as Vice President of the International Association for Mongolian Studies. I have a sincere willingness to support Mongolian studies. We are working on studies of archeology, history and culture of Mongolia. I appreciate for your letters of congratulation on my election as the President'.
Then, Director of the Institute of History and Archeology at the Mongolian Academy of Sciences, General Secretary of the International Association for Mongolian Studies S.Chuluun appreciated the President of Mongolia for accepting them the meeting. He also introduced the accompanying representatives of Mongolists and scholars from different countries to the President of Mongolia.
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