1 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      2 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      3 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      4 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      5 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      6 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      7 SOLAR EMPOWERMENT OF NOMADS IN RURAL MONGOLIA WWW.GREENOPTIMISTIC.COM PUBLISHED:2019/02/15      8 MONGOLIA, CUBA TO BOOST BILATERAL RELATIONS WWW.PLENGLISH.COM PUBLISHED:2019/02/15      9 GOOGLE OUTLINES $13BN US INVESTMENT WWW.BBC.COM PUBLISHED:2019/02/14      10 NATIONAL DEVELOPMENT AGENCY TO COOPERATE WITH JAPAN’S MIZUHO BANK WWW.MONTSAME.MN PUBLISHED:2019/02/14      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Russia goes green: Sales of eco-friendly cars outstrip US www.rt.com

The share of ecologically ‘clean’ vehicles sold in Russia has reached 40 percent, according to the latest research by the International Energy Agency (IEA) seen by Russian media.

The figure is similar to that in Australia, China, and Mexico. The sales of eco-friendly vehicles in the US make up 35 percent of overall sales.

The agency report seen by daily Izvestia reveals that in Russia the number of new passenger cars with carbon dioxide (CO2) emissions less than 180 grams per kilometer has significantly risen since 2005.

At the same time, sales of vehicles with carbon CO2 emissions of higher than 240 grams per kilometer dropped to 10 percent from 20 percent within the period.

Sales of passengers cars with the prevailing CO2 emission of up to 240 grams per kilometer have also seen a drastic fall from 70 percent to 50 percent.

Vehicles sold in Russia are becoming more eco-friendly due to tougher environmental requirements from state regulators, according to the analytical agency Autostat. The analysts say state standards for engines have been drastically changed over the last ten years.

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Mongolia could assemble freight trains www.montsame.mn

Ulaanbaatar /MONTSAME/ A total of 30 thousand tons of coal has been transported by freight trains in a route from Ulaanbaatar to Baganuur district. The freight trains were assembled by Mongolians engineers.

Last June, the Minister of Road and Transport Development commissioned the train assembling workshop as well as the newly-assembled trains in cooperation with Ulaanbaatar Railway Joint Venture Company and private entities. As of today, the workshop has assembled a total of five freight trains and two platform trains, and they already put into transport use. Since June 2016, the domestically-assembled trains have transported 30 thousand tons of coal via the Ulaanbaatar-Baganuur route.

The workshop plans to assemble 20 units of semi-platform trains, five platform-trains in this year. By preliminary specifications, the trains assembled by Mongolian engineers have the maximum freight capacity of 72 tons, the storage volume is 88 cubic meters and they speed up to 120 kilometers per hour.

In regard of the quality, the lifespan of trains imported from Russia and China ranges from 20 to 25 years, while the trains assembled in Mongolia could be used for 30-32 years. If the investment issue is tackled, Mongolia will have possibility to assemble 80 freight trains a year.
B.Tugsbilig

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Xanadu Mines confirms higher-grade mineralisation across porphyry at Kharmagtai www.proactiveinvestors.co.uk

Xanadu Mines Ltd (ASX:XAM) continues to make high-grade copper-gold intercepts from diamond drilling at the Stockwork Hill deposit, located within the company's Kharmagtai project in Mongolia.
The latest highlight delivered: 264 metres at 0.56% copper and 1.46g/t gold for a 1.49% copper equivalent from surface, including 148 metres at 0.81% copper and 2.41g/t gold for a 2.41% copper equivalent.
Dr Andrew Stewart, managing director, commented:
"We continue to be encouraged by the results of our ongoing extensional
drilling program around the current resources at Kharmagtai.

"Hole KHDDH415 successfully confirmed our interpretation of consistent highergrade
mineralisation across the mineralised width of the porphyry and
increasing gold to copper ratios associated with north-northeast controlling structures.
"These high-grade extensions we have identified now offer us the opportunity to assess Stockwork Hill as a potential large-scale resource which we will be assessing during the remainder of 2017."
Analysis
Xanadu has been attracting broker attention recently.
The company's shares last traded at $0.22, with Bell Potter seeing a strong upside after applying a Buy Recommendation and a $0.52 valuation.
Argonaut recently made a site visit in Mongolia and rates the stock a Speculative Buy.

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Japanese delegation pays visit to Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ A report has been given on the visit of Motoo Hayashi, a special envoy of Japan’s Prime Minister and Chairman of the Japan-Mongolia Parliamentary Friendship League at the National Diet of Japan, paid to Mongolia last week.

This visit was organized in frames of 45th anniversary of the Mongolia-Japan diplomatic relations after another visit of the Japanese side--Tadamori Oshima, Speaker of the House of Representatives of Japan paid earlier this year. Motoo Hayashi’s visiting group consisted of 58 people including parliamentarians and delegates of the private sector.

Within the visit, the Japanese delegation had a courtesy call on the President of Mongolia. Furthermore, the delegation held meetings with M.Enkhbold, Parliament Speaker, S.Batbold, Mayor of Ulaanbaatar, Ts.Elbegdorj, a former President of Mongolia, D.Sumiyabazar, Chairman of Mongolia-Japan Parliamentary Friendship Group, and other parliamentarians on September 7.

In addition, a displaying show of Japanese foods and products was organized. It was followed by a meeting held between the Mongolian and Japanese Chambers of Commerce and Industry.

The Japanese delegation hopes that the visit would contribute to boosting the bilateral relations through active cooperation, and expressed its aspiration to strengthen the collaboration between the friendship groups in making this visit more fruitful and forwarding the ties in other fields.

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President blamed for coal export delays www.gogo.mn

ULAANBAATAR (GoGo Mongolia) - On Sep 7-8, mining and coal entrepreneurs gathered at Shangri-La Hotel Ulaanbaatar for the 7th annual Coal Mongolia conference and discussed the coal sector issues. 
The vast majority of Mongolia`s export income comes from copper and coal sales. The country`s estimated coal reserves are 173 billion tons. 
More coal exploration was done in Central and Eastern regions than in Western regions. It is clear that the coal reserves of the country to increase if exploration will be conducted in the West. 
Currently, a total of 242 licenses have issued and 82 mines are operating in the coal sector. The main feature of this sector is that the main players are domestic companies. Therefore, most of the revenues from coal stay in Mongolia, not transferred to another country. In other words, this sector has few foreign investors. 
Two special events have been concluded with this year's conference. First, coking coal prices have risen in China as major miners` profit went up. However, China tightened its border inspection. Second, Ministers of Mining and Heavy Industries as well as Energy did not attend the conference due to the resignation of Prime Minister J.Erdenebat and his government. Deputy Ministries came to the conference.
In late August, China intensified its check on trucks passing the Gashuun Sukhait border port and extended the time for the examination. Thus, a 70-km long truck line was formed at the Gashuun Sukhait port. The reason for this was explained by the fact that truck drivers are often caught up in smuggling goods such as animal products.
However, conference attendees considered that is a decision of the Beijing and related to politics. On the other hand, Ambassador to Mongolia from China has not attended the Coal Mongolia for the first time this year. Moreover, delegations of Chinese state-owned coal firms, Chalco and Shenhua said that they could not attend the conference due to visa issues. 
On the other hand, Mongolia has taken all possible measures to increase the capacity of the Gashuun Sukhait port by adding the number of employees and improving their work environment. However, President of Mongolia Kh.Battulga has contacted the representative of Dalai Lama and talked about cooperating with India in the defense sector, making Beijing angry. Therefore, China decides to decrease the amount of coking coal. 
Last spring, coking coal price went up to USD 300 in Australia. Following coking coal price have risen in Mongolia. Authorities increased the coal sales revenue to the state budget, setting at 220 billion MNT. However, due to the long line formed at the border with China, the country expects to have a budget deficit. 
Deputy Minister of Road and Transportation B.Tsogtgerel noted that measures are being taken to solve the problem raised at the border crossing with China. Thus, the first must do homework for the new Minister of Foreign Affairs is to calm Beijing and increase the number of trucks loaded with coal.

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Mongolia ranks at fourth with its coal export www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia is being ranked fourth place with its coal export in the world, following Australia, Canada and the U.S.

Today, 99 per cent of Mongolian coal is being exported to China. In 2016, the coal import of China went up by 23 per cent as the annual working days of local mines have been lowered from 365 to 276.

A MONTSAME news agency's correspondent interviewed Sun Shouren, General Secretary of the National Coal Association of China, during the Coal Mongolia-2017 Conference held last week in Ulaanbaatar. Sun Shouren said “Mongolia is the third biggest country to supply coal to China, and the coal import from Mongolia began to revive this year. Last year we imported a total of 24 million tons of coal from Mongolia. In the first six months of this year, the China's coal import from Mongolia reached 15 tons. We expect that the import from Mongolia will be higher than the sizes of last year”

He also noted that Mongolia’s coal quality is high and easy to process as it is semi-soft and its ash content is low.

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Global shipper Maersk sees trade growth among BRICS nations www.chinadaily.com.cn

BEIJING - Containerized trade among BRICS nations saw robust growth in the first half of this year, according to the world's largest container shipping company Maersk Line.

Demand has improved as most of the world's major economies started to recover this year, and the growth among BRICS countries continued to outpace the global average, said Mike Fang, managing director for Maersk Line's Greater China Cluster.

"There is much potential to enable trade among BRICS nations and we will definitely look into it," he said in a statement.

Maersk's exports from China to India increased 26.2 percent year-on-year in the first half, those to Brazil and South Africa both rose 8.7 percent, while Maersk's imports from South Africa to China surged 43.9 percent, according to Fang.

The company's statistics showed customers in other BRICS countries were most attracted to Chinese textiles and clothing, consumer electronics and furniture.

While China's imports still focused on raw materials and resources, Maersk saw increases in the imports of meat from Brazil as well as fruit and nuts from South Africa.

E-commerce developed very fast with other BRICS countries' products gaining traction on the Chinese market, Fang said.

Customs data showed a 37.7-percent year-on-year growth in China's imports from other BRICS countries in the first seven months of this year, faster than the 28.7-percent increase in exports to those countries.

Grouping Brazil, Russia, India, China and South Africa, BRICS accounted for 23 percent of the 2016 global economy, almost double their share in 2006, and contributed to more than half of global growth.

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Russia to boost wheat exports on expectations of record harvest www.rt.com

The booming Russian agriculture sector is attracting new customers, with China and Venezuela planning to increase imports of Russian wheat. The country is expecting a record grain crop this year, exceeding the numbers from 1978.

Four thousand tons of spring wheat will be delivered to China from Russia’s Novosibirsk region by October 10. It’s the first batch of wheat purchased by China's largest food processor COFCO.

"Together with our suppliers, we plan to discuss how to better meet the demand of Chinese mills. We want to know more about the production and the quality of Russian wheat in order to prepare for the expansion of imports,” said COFCO’s general manager for wheat Ma Lijun.

COFCO is among the 500 largest global companies and is ready to import up to two million tons of Russian grain, gradually increasing to five million tons.

Venezuela is also expecting to increase Russian wheat imports. President Nicolas Maduro says he plans to discuss it with his Russian counterpart Vladimir Putin.

"I will talk to President Putin - very soon I'm going to Moscow – about increasing [deliveries of wheat – Ed.] to 100,000 tons," said Maduro at a meeting of the country’s Constitutional Assembly. The current agreements is for Venezuela to import 60,000 tons per month.

Saudi Arabia, Iran, and Egypt have also expressed an interest in buying more grain from Russia, including wheat.

Last year, Russia managed became the world’s leading exporter of grain, after shipping 34 million tons out of its 119 million ton harvest.

According to the Moscow-based grain consultant ProZerno, the country is expected to harvest 130.7 million metric tons this year. It is 2.6 percent more than the previous record set in 1978 before the Soviet-Afghan War.

Agriculture has become Russia’s second biggest export after oil and gas.

The head of the United Nations’ Food and Agriculture Organization (FAO) Jose Graziano da Silva said Russia has made considerable progress in developing its agricultural sector and is now a major player in the world agricultural market.

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Russia to put forward alternatives to Mongolian HPP project www.news.mn

At a meeting of a Russian-Mongolian working group in October, Russia will put forward a number of alternatives to Mongolia’s project to build a hydroelectric power plant (HPP) on a river that feeds the world-famous Lake Baikal, Russia’s natural resources minister told TASS on the sidelines of the Eastern Economic Forum.

'A working group on the Selenga project has been formed, and it will convene in early October in Ulaanbaatar, prior to the intergovernmental committee’s meeting due in late October,' the minister added.

According to Minister Donskoi, the initiatives include the modernisation of the existing and the construction of new power transmission lines to supply electricity to Mongolia and its transit to China. In this case, the minister said, it will supply Mongolia with power that would be even cheaper than the electricity generated by the HPP.

Among other alternatives, suggested by Donskoi, is the construction of advanced coal-powered thermal power stations and the use of other renewable energy sources.

The construction of hydroelectric power chain on the Selenga River, the main tributary of Lake Baikal, and the rivers flowing into Selenga is aimed to help Mongolia solve the problem of energy deficit. But scientists fear that the project may negatively affect the ecosystem of Baikal and Selenga. They also drew attention to seismic danger of the territory where the power stations may be built.

Earlier, First Deputy Minister of Energy Aleksei Teksler told reporters that his ministry considers it reasonable to build electric transmission lines to Mongolia instead of hydroelectric power stations. He noted that the construction of the power transmission line will cost 3.5 times cheaper per MW/h, in comparison with the cost of construction of a new power generation facility.

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China to Ban Sale of Fossil Fuel Cars in Electric Vehicle Push www.bloomberg.com

China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market.

Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of China’s auto industry, Xin said at an auto forum in Tianjin on Saturday.

A ban on combustion-engine vehicles will help push both local and global automakers to shift toward electric vehicles, a carrot-and-stick approach that could boost sales of energy-efficient cars and trucks and reduce air pollution while serving the strategic goal of cutting oil imports. The government offers generous subsidies to makers of new-energy vehicles. It also plans to require automakers to earn enough credits or buy them from competitors with a surplus under a new cap-and-trade program for fuel economy and emissions.

Honda Motor Co. will launch an electric car for the China market in 2018, China Chief Operating Officer Yasuhide Mizuno said at the same forum. The Japanese carmaker is developing the vehicle with Chinese joint ventures of Guangqi Honda Automobile Co. and Dongfeng Honda Automobile Co. and will create a new brand with them, he said.

Internet entrepreneur William Li’s Nio will start selling ES8, a sport-utility vehicle powered only with batteries, in mid-December. The startup is working with state-owned Anhui Jianghuai Automobile Group, which also is in a venture with Volkswagen AG to introduce an electric SUV next year.

China, seeking to meet its promise to cap its carbon emissions by 2030, is the latest country to unveil plans to phase out vehicles running on fossil fuels. The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit).

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