1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

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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Iron ore nears $80 a tonne www.mining.com

Iron ore prices held steady above $79 per tonne on Tuesday on the back of a strengthening billet market a day earlier, when Chinese steelmakers began stoking production ahead of mandated cuts going into winter.

Iron ore is trading higher now than at the beginning of the year.
Ore with 62% content in Qingdao traded at $79.65 per tonne, after hitting $79.93 a tonne on Monday, according to the Metal Bulletin, even though enquiries in the seaborne market have quietened down.

From the recent low of $53.36 a tonne hit on June 13, the benchmark price is now up more than 49% — an impressive return in a little over two months. It also means seaborne is trading higher now than at the beginning of the year.

Despite both pessimistic and conservative predictions about the direction iron ore prices would be headed this year until 2020, the steelmaking material’s ongoing rally hasn’t come as a surprise for some experts.

(UNCTAD), the upturn began brewing last year and key indicators of demand and supply, seaborne trade and price prove so, as they all made gains through the year.

In a report published late July, the UN body said that although Chinese consumption remained relatively low last year, and prices did not improve for much of the year, a significant shift became evident in the final quarter of 2016.

The analysts expect prices to remain on the high-end for the rest of this year, helped by Beijing’s ongoing efforts to curb low quality steel production and so reduce emissions.

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Mongolia Energy Corporation Limited (0276) Soars 0.9% on Aug 22 www.utahherald.com

Shares of Mongolia Energy Corporation Limited (HKG:0276) last traded at 0.225, representing a move of 0.9%, or 0.002 per share, on volume of 1.01 million shares. After opening the trading day at 0.22, shares of Mongolia Energy Corporation Limited traded in a close range. Mongolia Energy Corporation Limited currently has a total float of 1.88 billion shares and on average sees 2.27M shares exchange hands each day. The stock now has a 52-week low of 0.14 and high of 0.65.

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96 licenses of widespread minerals revoked www.montsame.mn

Ulaanbaatar /MONTSAME/ The Governor of the capital has terminated the licenses of widespread minerals owned by 96 companies, who seriously violated laws.

In this regard, J.Batbayasgalan, Deputy governor for Green Development and Air Pollution, A.Davaajargal, head of Legal Department of the Governor’s office of the capital, E.Battulga, head of the Environmental Department of the capital and officials of the Specialized Inspection Department of the Capital City gave information to journalists.

This April, the Environmental Department of the capital and Professional Inspection Department of the capital revealed that 63 licensed companies had failed to perform environmental rehabilitation and have a license that overlap with protected area for drinking water source of Ulaanbaatar. In addition, 33 companies were disclosed that they had not yet started using the licensed land area for three years since the grant of the mining license. The professional organizations conclude that the delay of using the licensed area creates condition for license trade and other illegal activities. Therefore, the mayor made the above mentioned decision.

According to Article 37.1.3 of the Law on Widespread Minerals Law, governors of aimag and the capital have authority to revoke the license if the entity does not fulfill its obligation to make rehabilitation, based on conclusion made by the local administrative body or department of aimag and the capital city in charge of environmental affairs.

The officials noted that the capital authorities would not cooperate with business entities and organizations, who failed to fulfill their obligations before the citizens of the capital city and would charge with responsibility to citizens or entities for cause of damages to nature and environment of the capital intentionally or accidentally.

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Electric cars are exempted from license plate limitation and road charges www.gogo.mn

In order to reduce emissions from vehicles and to promote the use of electric battery-powered vehicles, Ulaanbaatar City Governor S.Batbold issued a decree to exempt these cars from even-odd license plate limitation and road user charges. City officials added that more sufficient charging infrastructures for electric vehicles will be established in further. 
As of April 11th, 2017, a total of 74 electric vehicles were counted in Ulaanbaatar city, of which 61 of them are private and state-owned trolleybuses while remaining 13 of them are small trucks and passenger cars.
Vehicles contribute 10 percent of pollution Ulaanbaatar`s air. The emissions from automobiles contain ethyl lead, carbon dioxide, dioxide, sulfuric gas, soot, cadmium and aldehyde benzopyrene dioxin. Professional organizations recommend that the city should fight its air pollution by not only taking measures to reduce smoke from ger district but also concern the emissions from vehicles. 
Moreover, City Governor noted that a lot of works which are aimed to save consumer spending and promote green products will be done in the future within the framework of creating Eco Ulaanbaatar.

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Trans-Siberian railway extension to Austria to cost $6.5bn www.rt.com

Austria’s Ministry of Transport, Innovation and Technology has announced plans to extend the Trans-Siberian Railroad (Transsib) from eastern Slovakia to Vienna. It would connect Russia's Far East with Central Europe.

An estimated 400 kilometers (250 miles) of broad-gauge track would be laid from Kosice, Slovakia to Austria, the ministry said, adding construction work could start in 2023.

"Austria is the logical place for the completion of the Trans-Siberian Railway. Transsib will get access to the European railway network, shipping and to Vienna airport," said Transport Minister Jorg Leichtfried.

According to the ministry, the project which is estimated to cost $6.5 billion could boost the Austrian economy, and create 127,000 jobs.

It added European Union sanctions against Russia would not hinder the project since the EU advocates the extension of the railway.

The new route will not only make the transportation of containers to Central Europe more ecological but also significantly accelerate freight traffic. Using the new rail link containers to Austria could be transported in 10-15 days, instead of the current 30 days by ship.

"I want to make Austria a logistical link in Europe," said Leichtfried.

In 2009, railway companies in Russia, Ukraine, Slovakia, and Austria decided to extend an existing broad-gauge rail line which could allow trains to travel from Vienna to Russia's Vladivostok.

According to the Russian trade representative in Austria Alexander Potemkin, the "broad-gauge" should become the most efficient transportation route within the so-called Great Silk Road.

The famous Transsib railway, connecting Europe and Asia, was built between 1891 and 1916. It is the longest railway line in the world at 9,289 kilometers (5,772 miles) spanning eight time zones. Transsib has branch lines into Mongolia, China, and North Korea.

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Mongolia Exports Forecast 2016-2020 www.tradingeconomics.com

Exports in Mongolia is expected to be 507.85 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Mongolia to stand at 508.94 in 12 months time. In the long-term, the Mongolia Exports is projected to trend around 508.89 USD Million in 2020, according to our econometric models.

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China's Great Wall eyes Fiat Chrysler bid www.bbc.com

China's Great Wall Motor is sizing up Fiat Chrysler, the Italian-American carmaker that also owns Jeep.
A Great Wall official told Reuters it had "an intention to acquire" some or all of the world's seventh-largest car maker.
However, Fiat Chrysler said it was yet to receive an approach from Great Wall - China's biggest SUV maker.
Earlier reports said the Chinese firm had asked to meet Fiat executives to discuss buying the Jeep brand.
Jeep, which celebrated its 75th birthday last year, is considered FCA's most valuable asset.
Its reputation dates back to World War Two, when Jeeps were used extensively by the US military.

Shares in Fiat Chrysler Automobiles jumped 7.4% in New York on Monday and have jumped more than a quarter this year, valuing the company at just over $19bn (£14.7bn).
However, the Jeep brand alone could be worth as much as $27bn, according to Morgan Stanley analysts.
Analysis: Andrew Walker, economics correspondent
Are the alarm bells ringing in the White House? Possibly. Certainly President Trump has expressed concerns about China's international economic role.
His former chief strategist, Steve Bannon, last week said the US is in an economic war with China. He is no longer at the President's side, but his influence may well persist. There are others in the administration who share the same concerns about China, including the top trade negotiator Robert Lighthizer.
Great Wall's takeover of Fiat Chrysler - if it ever happens - might not have any immediate impact on jobs, as the Chinese company could decide to keep manufacturing in the US.
It probably wants Jeep's technology and engineering, which is striking given that Mr Trump has ordered an investigation into allegations of China's theft of US intellectual property. There is the potential for the takeover talk to add to the friction.
Jeep sold 1.4 million vehicles last year and aims to shift 2 million vehicles annually by 2018.
Great Wall sold just over 1 million vehicles last year - mostly in China, which is now the world's largest car market.
Bill Russo, a former Chrysler executive now with Gao Feng Advisory Group, said he believed Great Wall wanted Jeep rather than all of FCA and its debts of about $4.9bn.
"Jeep is the crown jewel of Fiat Chrysler in terms of brand and equity," he said.
Great Wall is known for its SUVs, vehicles, which are popular in China, so a deal would be "quite complementary", Mr Russo added.

Yale Zhang, head of Shanghai-based consultancy Automotive Foresight, said: "Jeep is the most logical choice, since [Great Wall] wants to be the largest SUV maker in the world.
"The Jeep brand is recognised globally. I think Great Wall Motor is eyeing a global strategy, not just the United States."
What is Great Wall Motor?
Founded 1984, it is China's largest SUV and pick-up truck maker
Great Wall is vying with Geely to become the first Chinese carmaker to go global
A bid could prove unpopular with US President Donald Trump, who is investigating Chinese trade practices and wants to protect US car manufacturing jobs
Fiat Chrysler already makes some Jeep models in China, with local partner Guangzhou Automobile Group
Fiat Chrysler could be too big a bite for Great Wall, which is worth about $16bn, although it does have state investors
Great Wall's boss, Wang Fengying, is the seventh most powerful woman in the Asia-Pacific according to a Fortune magazine list
Earlier this year, it officially launched a new premium SUV brand called Wei, which potentially could tap into the US market.
Fiat Chrysler chief executive Sergio Marchionne is seeking a partner or buyer to help it manage rising costs, emissions regulations and the development of electric and self-driving cars.
FCA also owns Alfa Romeo, Maserati and RAM trucks.

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BHP exiting oil and gas www.mining.com

World number one mining company BHP posted a fourfold rise in underlying profits on Tuesday in Australia of $6.7 billion. Free cash flow also surged, coming in at $12.6 billion.

ADRs of the Melbourne-based giant was unchanged in after hours following a 1.3% gain during regular trading. The stock (NYSE:BHP) is up 14.3% in value this year for a market capitalization of over $102 billion.

But even those stellar numbers were below analysts' forecasts, as was the company's full year dividend of US$0.83 cents per share, equivalent to a 66% payout ratio after its final payout was tripled to $0.43c.

Net debt was reduced by 37% or nearly $10 billion to $16.3 billion. The company said it expects to allocate less than $8 billion per year over the next three years on capital and exploration expenditure.

BHP has come under pressure this year from shareholders led by Elliot Management to get out of its underperforming US oil and gas business it acquired six years ago for more than $20 billion, but which could fetch only around half that today.

In its results presentation BHP said it now considers onshore oil and gas in the US "non-core" assets and is "actively pursuing options to exit" the business including through a trade sale, an asset swap, demerger or a separate listing.

The company is working its assets hard and cut costs across its operations during the year by $1.3 billion. Over the last five years savings of more than $12 billion was achieved according to the company and it expects to deliver a further $2 billion by the end of the 2019 financial year with "gains weighted to the second year."

Thanks to rising prices and record volumes, iron ore now makes up 44% of the company's earnings (EBITDA), coal and petroleum each make up a fifth and copper the remainder.

BHP managed to cut costs at its iron ore division in Western Australia and elsewhere by 3% to just $14.60 a tonne compared to today's price of $78 a tonne. The company said by the end of 2019 it plans to push costs below $13 a tonne.

Copper performance was impacted by a 43-strike at its 57% owned Escondida copper mine in Chile during February and March which upped costs 7% to $1.28 a pound. Copper was trading at $3.00 a pound in New York on Monday.

Last week BHP greenlighted the long-awaited $2.5 billion expansion of its Spence copper mine in Chile, which will add another 50 years to the operation’s life.

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Big Ben bongs for final time as restoration plan begins www.cnn.com

(CNN)After the twelve loud chimes at midday Monday, London's iconic Big Ben, the bell that marks time in the clock over the Houses of Parliament, fell quiet.

The bongs have been silenced as part of a controversial renovation plan of Elizabeth Tower, which houses the clock. Authorities in the House of Commons said it would not be safe for contractors to work so close to a loud bell.
It will be the longest break since the bells of Big Ben were installed in 1859.
The silence will be broken on special occasions -- the bells will still ring on December 31 each year to herald the New Year.
UK lawmakers and their staff gathered to listen as the Great Bell -- the official name for Big Ben -- struck noon, clapping after the last chime.
After pressure from some traditionalist MPs, and Prime Minister Theresa May, parliamentary authorities last week said they would review the plan.

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Domestic production to be developed in localities www.montsame.mn

Ulaanbaatar /MONTSAME/ J.Bat-Erdene, a member of parliament, handed over to J.Erdenebat PM a letter of proposal on developing small-and middle-sized enterprise (SME).

Mentioning about his working tour to localities in accordance with an initiative on the SME development, J.Bat-Erdene MP pointed out that many people in aimags are waiting for developing domestic production and such programs.

“Domestic production could be boosted in localities. In believe when families are capable and people are rich, the country develops rapidly. The Mongolian People’s Party reflects in its election program an implementation of the ’21:100’ program,” said J.Bat-Erdene MP, and then asked the Premier to pay attention to this matter.

In response, the Prime Minister said the government is taking a certain measure for developing production in localities in scope of the “21:100” program. He underlined the importance of the MP’s proposal and role in realizing the plan.

“This program will augment job places and make people employed and paid. Our government is focusing attention to boosting small- and middle-sized production,” the Premier said.

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