1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     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    

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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Foreign Ministers of Mongolia and UK meet in New York www.news.mn

Foreign Minister D.Tsogtbaatar held meet with UK Minister of State for Asia and the Pacific of the Foreign Affairs and Commonwealth Office Mark Field on the sidelines of the 73rd session of the UN General Assembly on 25 September.

During the meeting, the sides highlighted the importance of expanding economic and business cooperation, noting the wide cooperation potential in sectors of trade, investment, stock market, agriculture, infrastructure, mining, environment, education, communication and tourism. Furthermore, some issues of international and regional cooperation, cooperation opportunities and measures to be taken in regard with them were discussed.

The UK appointed a Trade Envoy to Mongolia in January, 2018 and it contributes to the expansion of economic cooperation.

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Mongolian engineers create electric mini truck www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian engineers created a small electric truck that runs 100 km once it’s fully charged and doesn’t consume electricity in no-motion state. Currently, the cars are being tested.

Compared with porter, which consumes MNT 20,000 fuel per 100 km, one full charge of the electric car costs only MNT 1000.

Founder of the ‘Econ motor’ company B.Nyamdemberel noted that the car is efficient and suitable for sales and distribution companies, as well as for individuals, as the cost of 1000 kg freight transport in 100 km distance is MNT 1000 electricity bill. He also emphasized the silent and no gas emission truck is eco-friendly.

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ADB raises Mongolia's 2018 economic growth forecast to 6.4 pct www.xinhuanet.com

ULAN BATOR, Sept. 26 (Xinhua) -- The Asian Development Bank (ADB) on Wednesday upgraded Mongolia's economic growth to 6.4 percent this year from the previous forecast of 3.8 percent.

It also upgraded Mongolia's growth in 2019 to 6.1 percent from 4.3 percent, according to an update of ADB's flagship annual economic report, Asian Development Outlook 2018.

Mining investment will continue but a slowdown in the growth of mining investment, however, is expected to temper growth of Mongolia's gross domestic product (GDP) in 2019, it said.

"Mongolia's economy has performed better than expected in 2018. This upward revision is based on better performance of coal exports and stronger-than-expected private consumption," Yolanda Fernandez Lommen, ADB country director for Mongolia, said at a press conference.

"Mongolia's economy posted strong growth in the first half of this year at 6.3 percent, continuing the strong economic performance of 2017. Private consumption has been higher than anticipated due to a surge in credit to households," she said.

"Also, external demand for Mongolian coal has boosted economic performance and increased revenues, while investment into the mining sector continues to play a key role," she added.

According to the ADB, investment remained the main source of Mongolia's economic growth in the first half of 2018, contributing 12.6 percentage points to its GDP.

ADB, based in the Philippine capital Manila, is dedicated to reducing poverty in Asia through inclusive and environmentally sustainable economic growth, and regional integration.

Established in 1966, ADB has 67 members, including 48 from within the Asia-Pacific region. In 2017, the bank's operations totaled 32.2 billion U.S. dollars.

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Mongolia: IndustriALL and Rio Tinto conduct joint mission at Oyu Tolgoi mine www.industriall-union.org

Global social dialogue between IndustriALL Global Union and Rio Tinto took a significant step forward when both parties undertook a joint mission to Rio Tinto’s massive Oyu Tolgoi copper and gold operations and underground expansion in the remote South Gobi desert of Mongolia.

The joint mission took place from the 17th - 22nd September 2018. Michael Gavin, Rio Tinto’s group head of employee relations, and Glen Mpufane, IndustriALL’s mining director, led their respective delegations. The IndustriALL delegation included regional staff, representatives of local unions, and journalists from Dagens Arbete, the magazine of Swedish affiliate IF Metal.

A major objective of the mission was to evaluate Rio Tinto’s environmental, social and governance strategies. The operation has not been without controversy. During the mission, consultation was held with the herder community and their elders, the local community, the governor of Khanbogd sum, permanent and contractor employees, and NGOs critical of the operation.

Mongolia is richly endowed in natural resources and is heavily dependent on mining for its economic prospects. Oyu Tolgoi is the jewel in Rio Tinto’s crown, providing the company with an opportunity to demonstrate its commitment to responsible mining. Rio Tinto took the opportunity provided by the results of the Responsible Mining Index (RMI) to invite IndustriALL to Oyu Tolgoi.

IndustriALL participates in the RMI, which defines responsible mining as “…mining that demonstrably respects the interests of people and the environment, and contributes discernibly and fairly to broad economic development of the producing country.” Rio Tinto achieved one of the ten strongest results in four different areas: economic development, business conduct, working conditions and environmental responsibility.

IndustriALL held a workshop with Mongolian affiliate, the Federation of Energy, Geology and Mining Workers' Unions, for the leadership and over 40 representative shop stewards.

There are 16,117 workers at Oyu Tolgoi, split between a permanent Mongolian workforce of about 3,000 and a largely Mongolian and expatriate contractor workforce, involved in the underground expansion project. A major skills transfer from expatriates to Mongolians is a defining feature of skills development and training.

A large percentage of the Mongolian contracted workforce is set to be made permanent when the underground production comes on line. Evidence of the skills transfer is the large percentage of women operating massive hauling trucks at the open pit mine, and Mongolians holding critical senior management positions.

Glen Mpufane observed:

“The social license to operate is not a given, but must be earned, through transparency and trust in dialogue. Responsible mining is the pathway to obtaining that license”.

The conversation with Rio Tinto over its sustainability performance continues to include other global operations, for example QMM in Madagascar, RBM in South Africa, and the Rössing Uranium mine in Namibia.

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SHIFTING TOWARDS FUTURE EXCELLENCE - 2018 www.mongolianbusinessdatabase.com

Shifting Towards Future Excellence - 2018 is a two-day project management professional development event, organized and hosted by PMI Mongolia Chapter on October 26-27 at Best Western Premier Tuushin Hotel. 
LEARN, NETWORK, BE GLOBAL

PURPOSE

Two-day conference will highlight PMI Mongolia Chapter's 5th year anniversary along with past achievements and engagement to Mongolian project management professionals and organizations. Within the perimeters of the framework two-day conference will cover Project Change Management, Agile Processes, BA for Effectiveness, Value Creations and Digital Transformation. Our main purpose is to distribute international standard knowledge of project, program, and portfolio management systematically in Mongolia. International Conference will introduce best practices of project management, new techniques, tools and trends.

WHO ARE WE?

Project management institute reaches across 2.9 million professionals in 200 countries. As a global thought leader and knowledge resource,PMI advances the profession of project management by developing global standards and credentials, creating collaborative communities, and conducting and publishing academic research.

WHO SHOULD ATTEND?
● Project, Program, Portfolio Managers
● Business Analysts, Investors
● Those wanting to learn more about Project Management
● Those interested in the latest tools and techniques

CONTENT AND SUB-MEETINGS

Content: Management of Changing, Digital Turn, Increasing the Benefit of Business, Increasing the result of Project, and agile method
Sub-Meetings:
October 26th, Friday. The opening of the conference, starts with the honored speech and the award of The Best Project and The Best Project Managers will be handed over.
The main speech of the conference will be in 3 topics: 1) Infrastructure and Mining 2) Banking and Technology 3) The State and Public Field. The each speech will last for 30 minutes and go on with questions, answers and panelists.
October 27th, Saturday. On this day, we will be holding workshops and interactive sessions including practice works in the frame of Project Management Talent Triangle which is maintained by PMI international organization, there will be 3 sub-seminars: 1) Leadership skill & strategy 2) The skill of technique of project management 3) Project management international trends

THE SPECIFIC OF THE CONFERENCE

● 4 Dynamic Key Note Speakers (including PMI Global key personnel) 
● 27 honored guest speaker case presentations 
● 8 workshops and interactive sessions
● PMPs can earn 16 PDUs toward their certification
● Networking opportunity with over 400 project managers
● Meet with PMI’s top Directors and Managers from Hong-Kong, Singapore, South Korea, Japan and Taiwan, China 
● Continental lunch and refreshments at breaks are included

Organizing committee
| |marketing@pmimongolia.mn
www.pmi.org | www.pmimongolia.mn
www.facebook.com/pmimongoliachapter
www.twitter.com/pmimongolia

REGISTRATION 
1. Participant - 200,000MNT
2. Member - 150,000MNT
3. Group ticket (5+) - 180,000MNT
4. Early bird - 150,000MNT
5. Student ticket - 160,000MNT
6. Proud partner ticket - 160,000MNT

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China to further boost $3.8 trillion digital economy, create more jobs www.reuters.com

BEIJING (Reuters) - China’s state planner on Wednesday called for further advancement in the country’s $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence (AI) will become drivers of job creation.

The Chinese economy is in the midst of a long-term restructuring that has seen the decline of low-end industries and the emergence of higher-value factories that make robotics and drones.

“China will promote the digital transformation of traditional sectors, driving more workers to switch jobs and improve the quality of employment,” the National Development and Reform Commission (NDRC) said.

In recent months, Chinese government departments and agencies such as the state planner have been affirming their commitment to China’s long-term development, which Beijing sees as a means to rely less on trade and other external drivers.

An intensifying trade war with the United States, China’s biggest trading partner, has obscured China’s medium-term growth outlook and spells uncertainty for millions of Chinese jobs.

Chinese state media has accused Washington of using trade to suppress China’s development.

China will make further inroads into areas such as the internet of things, big data, cloud computing and AI, and create more high-end jobs, the state planner said.

The country will also actively attract foreign talent to promote the innovation of its digital economy, the NDRC said.

China’s digital economy rose 18 percent to 26 trillion yuan ($3.8 trillion) last year, equal to a third of the country’s gross domestic product (GDP), according to the China Academy of Information and Communications Technology.

Hundreds of millions of Chinese people use mobile apps for social networking, entertainment, gaming and shopping. Urban China is also largely cashless, with mobile payments through Tencent Holdings Ltd’s WeChat and Alibaba Group Holding Ltd’s Alipay the norm.

The NDRC said it will also step up financing support to help grow new industries including drawing funds from capital markets.

Earlier this month, it signed an agreement with China Development Bank (CDB), a major policy lender, to offer 100 billion yuan ($14.55 billion) in financial support for the digital push.

Digital economy is also expected to help boost agriculture, as part of China’s ambition to revive rural areas, according to the NDRC.

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Washington to blacklist 12 Russian companies in new round of sanctions www.rt.com

The US Department of Commerce has imposed restrictions on 12 Russian corporations that are allegedly acting contrary to the national security or foreign policy interests of the US.
The document, set to be published on Wednesday, does not specify a date for the commencement of sanctions against the entities. It states that American corporations are banned from exporting dual-use goods to the sanctioned companies.

The black list includes AeroComposite, owned by Russia’s United Aircraft Corporation; tech equipment producer Divetechnoservice; Federal State Unitary Enterprise Scientific Production Enterprise Gamma; the Vektor Research Institute; construction corporation Nilco Group; Obninsk Research and Production Enterprise Technologiya; the Okeanos Scientific and Production Enterprise; developer and builder of aircraft engines Aviadvigatel; Russia’s developer of IT solutions for electric grids Infotech Group; Syrus Systems; Voronezh-based research institute Vega; and producer of radio electronics and software, Research Institute of Precision Instruments.

The enumerated companies, along with their affiliates in Iran and Belarus, are reportedly at odds with the interests of the national security and foreign policy of the United States. According to the Commerce Department, the Vector Research Institute, Gamma research and production enterprise, Syrus Systems, and the Infotech Group “have enabled the activities of malicious Russian cyber actors.”

Both Divetechnoservice and the Okeanos Scientific and Production Enterprise have been sanctioned for providing equipment and support to the Russian Navy. The rest of the companies were blacklisted for supporting Russian military aerospace production activities.

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Potential cooperation on oil refinery discussed with Azerbaijan www.zgm.mn

President of Mongolia Battulga Khaltmaa is paying a working visit to the Republic of Azerbaijan. President Battulga held a bilateral meeting with his Azerbaijani counterpart Ilham Aliyev in tete-a-tete (face-to-face) and extended formats. The bilateral meeting took place in the Zagulba Palace, Baku, in a business-like and friendly atmosphere. At the beginning of the meeting, President Ilham Aliyev welcomed President Battulga to Azerbaijan, expressing his appreciation of the latter’s working visit. During the meeting, President Battulga recalled an interesting detail in bilateral relations wherein the Baku Oil Refinery established a small plant in Zuunbayan, Mongolia, on December 5, 1951, and ran the plant until 1969 with Azerbaijani experts coming to Mongolia to work at the plant.

President Ilham Aliyev listened to the story attentively and noted that it was possible for the two countries to cooperate in this sector, given the past experience. The heads of state of Mongolia and Azerbaijan agreed to jointly enter foreign markets via Mongolian territory, actively participate in regional development, and explore opportunities to cooperate on logistical assistance in exporting Mongolian-made products to the world market. After the meeting, the extended format meeting took place. Present at the meeting were, Deputy Minister of Foreign Affairs Battsetseg Batmunkh and Ambassador Extraordinary and Plenipotentiary of Mongolia to Turkey Bold Ravdan from the Mongolian side, and Minister of Economy Shahin Mustafayev and Deputy Head of the Foreign Policy Affairs Department of the Presidential Administration Hikmet Hajizadeh from the Azerbaijani side.

President Battulga Khaltmaa invites Azerbaijani President Ilham Aliyev to Mongolia
President Battulga pointed out that there is an enormous potential to enrich Mongolia-Azerbaijan relations with economic content, while requesting to cooperate in increasing bilateral trade and investment and activating business-to-business ties. President Ilham Aliyev supported the proposal, and the sides agreed on sending a research team of the Ministry of Economy and business representatives of Azerbaijan to Mongolia in October, 2018. President Ilham Aliyev also expressed his support toward the export of Mongolian products and goods to the Middle East through Azerbaijan. The sides agreed to carefully study the matters of exporting animal-origin products, including meat and leather, to Azerbaijan, making an investment for the establishment of cashmere and wool processing and carpet factory that will provide jobs to 300 people in Mongolia, and bringing in the required technology from Azerbaijan. The heads of state had an elaborate discussion on bilateral cooperation in agriculture, tourism, education, sports, and transport sectors. At the end of the meeting, President Battulga invited President Ilham Aliyev to Mongolia, and the latter expressed his appreciation of the invitation.

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Mongolia gets aid to boost education www.chindaily.com.cn

ULAN BATOR-China's aid is boosting the development of Mongolia's education system, says Mongolia's Education Minister Tsedenbal Tsogzolmaa.

Bilateral cooperation in the education sector has increased in recent years, and "China has significantly contributed to our country's efforts to end the system of three shifts in schools by giving aid for new schools and kindergartens," says Tsogzolmaa.

According to the minister, a total of 21 schools and kindergartens will be built in Mongolia with aid from China by 2020.

Currently, seven schools and one kindergarten are under construction in the Mongolian capital Ulan Bator.

The Mongolian government plans to end the system of three shifts in schools by 2020 in a bid to improve access and the quality of general education, says the minister, adding that to this end, Mongolia will have to build at least 50 new schools.

In addition, she says that China is helping Mongolia to develop a skilled workforce.

"China is the most popular overseas study destination for Mongolian students," she says.

"The number of Mongolian students choosing to study in China is growing. And the number of Mongolian students who receive Chinese scholarships has continued to grow year by year," she adds.

Data shows that since 2012, more than 2,500 Mongolian students have received Chinese government scholarships, and the number has risen to 358 this year.

The number of students from China's Inner Mongolia autonomous region who study in Mongolia has also increased, says Tsogzolmaa. Also, students from both sides serve as a bridge to promote friendship between the two peoples and two countries, she adds.

The minister says Mongolia is keen on enhancing bilateral relations and cooperation with China in education, science, culture and sports under the Belt and Road Initiative.

The initiative proposed by China in 2013 offers a huge opportunity for Mongolia and other participating countries to expand relations and cooperation with China in various fields, Tsogzolmaa says, citing infrastructure, economy, education and culture.

Next year marks the 70th anniversary of diplomatic relations between Mongolia and China, Tsogzolmaa says, expressing the hope that the neighboring countries will take this opportunity to strengthen ties and cooperation in all areas.

"We are planning to organize a series of events," she says.

"For instance, Mongolian Culture Days will be organized in Beijing and in Hohhot, the capital of North China's Inner Mongolia autonomous region. And Chinese Culture Days will be held in Mongolia next year."

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New coal-to-chemistry plant in Inner Mongolia will use novel ethylene glycol technology www.thechemicalengineer.com

DOWNSTREAM producer Jiutai is planning a coal-to-chemistry plant in Inner Mongolia that will produce ethylene glycol from syngas, using proprietary technology developed by Johnson Matthey and Eastman Chemical Company.

Jiutai is planning to build a coal-to-chemicals facility at Togtoh Industrial Park, Togtoh, Inner Mongolia, which will include a 1m t/y ethylene glycol facility. Ethylene glycol, commonly referred to as mono ethylene glycol (MEG), is typically produced from ethylene. MEG is used as a building block in the production of polyesters for fibre and packaging applications. The new process allows MEG to be produced from syngas feedstocks, thereby eliminating the need for ethylene.

The coal-to-chemicals facility will produce synthetic gas from coal gasification, which will then be converted to methanol and then to formaldehyde which is used to produce the MEG. Johnson Matthey’s technology and catalysts for the production of methanol and formaldehyde will also be used at the Jiutai plant, with the formaldehyde plant having a capacity of 1.5m t/y.

Cui Lianguo, chairman of Jiutai Group, said:

“Jiutai is pleased to select Johnson Matthey and Eastman’s novel technology for the production of MEG. Jiutai’s aim is to utilise local coal and other precious resources, such as water, in a clean and sustainable manner to produce high value MEG at its new coal-to-chemicals complex.”

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