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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Rio Tinto diamond encrusted coins worth $1.8 million for sale in Australia www.mining.com

A $1.8 million coin trilogy boasting coloured diamonds found at Rio Tinto’s Argyle mine has been unveiled at the Perth Mint with international buyers already showing interest in the unique collection.

The Australian Trilogy is comprised of three one-kilogram coins struck from gold, platinum and rose gold, with each featuring a different native animal.

Each of them has either a pink, purple-pink or violet diamond, which were unearthed at Rio Tinto’s (ASX:RIO) Argyle mine in the east Kimberley region of Western Australia.

One of the coins, made 99.99% of gold, portrays two kookaburras on a wooden fence looking at a 0.47-carat round brilliant cut fancy deep purple-pink diamond.

The kangaroo coin, crafted from 99.95% pure platinum, depicts the marsupial in an outback plain with a 0.46-carat emerald-cut fancy dark grey-violet diamond.

And the 91.7% rose gold koala coin depicts the animal beneath a eucalyptus tree beside a 0.58-carat emerald-cut fancy intense pink diamond.

The Perth Mint will only ever release one of The Australian Trilogy 2017 Collection, Rio Tinto said in a statement.

The company’s Argyle mine generates more than 90% of the world's pink diamonds, yet less than 0.1% of all the rocks found there are pink.

The 2016 Kimberley Treasure coin, valued at $1 million, sold to an international buyer within 48 hours.

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BoM issues 1-week bills www.mongolbank.mn

1 - week CBBs, a main monetary policy instrument of BoM, plays an important role on managing the reserves of the banks. This CBB rate represents BoM’s policy rate guides interbank money market. In July 2007, the CBB with stable rate and unlimited bidding was introduced with auctions to be held on every Wednesday. This really had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. There has been a substantial change in the way banks manage their reserves since then. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB has been held in a type of competing by rate since May 2005. The auction average rate is the targeted rate variables in +/-2 percent from the policy rate and it frames to make the interbank rate as the operational target in midterm.
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MNT 50.5 billion issued for mortgage in May www.montsame.mn

Ulaanbaatar /MONTSAME/ The Government and Bank of Mongolia provided financial source of MNT50.5 billion to commercial banks for mortgage loans in May. 722 citizens were granted mortgage from this source. The Bank of Mongolia funded loans of MNT15.9 billion with its primary payments of its mortgage guaranteed bonds while 457 citizens mortgage loans of MNT34.6 billion was financed from the State budget.

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JCI Asia-Pacific conference opening in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ 3,500 young leaders and business people from 51 countries are arriving in Ulaanbaatar to participate in the Junior Chamber International (JCI) Asia-Pacific Conference 2017, which will take place between June 8 and 11. The Ministry of Foreign Affairs hosted a press conference today in collaboration with JCI.

“The Ministry has been assisting in organizations concerning the visa issuance and diplomatic reception. It can be said that the preparation is complete. This conference is of great significance for Mongolia as it is creating great networking opportunities”, said Deputy Foreign Minister B.Battsetseg.

“It is a golden opportunity for Mongolia to present itself through an international network of young people, which is represented in 120 countries”, highlighted P.Batkhishig, President of JCI Mongolia.
“This is the largest event, in terms of the scope of participation, among the regional events of JCI. The sole purpose of the conference is to facilitate the JCI members, who are of age 18-40, with possibilities to share experiences gained and lessons learned”, JCI President Dawn Hetzel noted.

The JCI ASPAC will incorporate actions targeted to personal development of youth, training sessions for business plan, identifying business opportunities and sharing practices of information and technology cooperation. Each training will award certificates to the trainees. Also, forums will be held under nine key topics concerning regional development.
The General JCI Assembly will be attended by more than 1,800 delegates to outline action plans until 2020.

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Mongolian coal railway co-operation agreement www.railwaygazettee.com

MONGOLIA: China Gezhouba Group Co Ltd has entered into a non-binding agreement to co-operate with Aspire Mining subsidiary Northern Railways to plan and source financing for the proposed 549 km Erdenet – Ovoot line.

The proposed multi-user railway would enable Aspire to exploit the second largest coking coal reserves in Mongolia. In August 2015 Northern Railways was granted a 30-year concession to build and operate the line, and it is now negotiating funding for the completion of a bankable feasibility study as well as progressing negotiations for the EPC contract and construction financing.

Northern Railways is being supported in this work by China Railway Construction Corp subsidiaries China Railway 20 Bureau and China Railway First Survey & Design Institute.

Under the latest agreement, Northern Railways is to provide the CGGC subsidiary of state-owned China Energy Engineering Corp with access to its technical database, and the companies will work together to source debt and equity funding.

CGGC is ‘one of the pre-eminent international Chinese contractors with a deep experience base in arranging funding for large projects that they participate in, as well as providing direct investment’, said Aspire Managing Director David Paull on June 6. ‘The combination of CR20BGC and CGGC further demonstrates the strategic regional importance of the Northern Rail Corridor.’

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Darkhan thermal power plant will be expanded by 200 million kWh www.mongolia.gogo.mn

 
Economic Standing Committee of State Great Khural will discuss below issues today;
2016-2017 Agreement between the Mongolian Government and the Government of the Federal Republic of Germany on Financial Cooperation,
Extra Credit and draft project agreement between Mongolian Government and the Reconstruction Credit Institute in Frankfurt
The Government of Mongolia submitted these draft agreements to State Great Khural on 29th of May. Budget Standing Committee supported the agreements at its yesterday`s meeting.
Mongolia will receive a total of EUR 5 million loans with 2 percent interest rate and 30 years period. Due to the fact that Mongolia will pay interest-only in the first ten years, the payment must be completed in 2056. The loans will be spent on the expansion of the capacity of Darkhan thermal power plant by 200 million kWh. Even the expansion of the power plant has started in 2012, it has drawn out until today. According to the first feasibility study, it is estimated that EUR 16-17 million will be needed for the project implementation. However, authorities of Ministry of Energy noted that the amount is insufficient.
The plant expansion will be performed by a Russian company while a German company will serve as a consultant. Operational cost will be EUR 1 million 350 thousand and the project will cover its cost for 12 years.
The Ministry of Energy considered that expansion of Darkhan power plant will reduce our energy dependence and ensure the demand of industries to be established in further as Darkhan is expected to be an industrial region.
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Nightlight street to be inaugurated in Ulaanbaatar www.montsame.mn

 
June 8 will see the opening of a Nightlight Street in Ulaanbaatar, a metropolis with over 1 million people.
Seoul Street, which is in a prime location of Ulaanbaatar, has been refurbished to become a Nightlight Street. In accordance with a plan framed by the urban planning department of the capital city administration, refurbishment works including pavement of 440 meters long area, creation of a public arena with LED screen and seats, green space restoration and installation of various lightings were made.
The Nightlight Street will fulfill night-time entertainment needs of tourists.
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Mongolia and Poland to soon sign international road transport deal www.akipress.com

AKIPRESS.COM - Mongolia and Poland will soon sign a cooperation deal on international road transport.

The signing of the agreement was discussed by Mongolian Minister of Road and Transport Development D.Ganbat and Deputy Minister of Infrastructure and Construction of Poland Jerzy Schmidt as the two met on the sidelines of the International Transport Forum’s 2017 Summit in Germany.

The parties discussed bilateral cooperation in the transport field and pending questions to be resolved jointly. They also agreed to maintain transport links under temporary regulations until signing of the agreement.

Poland and Mongolia also agreed to cooperate more closely in transit transport.

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SME boosting subprograms discussed www.montsame.mn

Ulaanbaatar /MONTSAME/ A discussion on subprojects “Made in Ulaanbaatar” and “Partnership of local industries’ was held at Tuushin hotel. These subprojects put goals to create jobs and improve competitiveness of trade, industries and services through implementing flexible investment and market policy targeted to small and medium enterprises and cooperatives, which run their activities in Ulaanbaatar, supporting producers in cluster, increasing sales of products with label and mark “Made in Ulaanbaatar” by promoting them.

Chairman of the capital Governor’s Office M.Otgonbayar said - 'One family One job program was approved by the Citizens Representative's Meeting of the capital with aims to achieve 60 per cent employment, making that every family have stable income by being employed. Now we are planning the two subprograms. It is time to boost scientific and technological achievements and introduce them in practice, grow the economy with product innovations and develop national production”.

There are 72182 companies and entities in the business registration data nationwide and 64 per cent or 46153 of them are operating in Ulaanbaatar, among which 8219 companies or 17.8 per cent belong to industrial sector. In 2009-2016, over 20 thousand citizens and legal bodies enjoyed VAT and customs tax exemption or reduction worth of MNT78.8 billion and MNT37.5 billion each for importing industrial equipment and spare parts.

SME Development Fund of the Capital issued 5-year loans of MNT5.6 billion with 5 per cent interest in 2014-2015. 55 projects, including 34 SMEs, 14 dairy production and 7 breeding farm projects received the loan and as a result of the projects, 331 jobs have been kept, annual milk yield raised by 1 million liter and SME production increased by 44 per cent.

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Cuba and Mongolia to develop cooperation on the mining industry www.misiones.minrex.gob.cu

 
Ulaanbaatar. June 6, 2017. His Excellency, Mr Zagdjav Deleg, Deputy Minister of the Ministry of Mines and Heavy Industry of Mongolia, received today the Ambassador of Cuba Raúl Delgado Concepción at the headquarters of this Ministry. Mr. Zagdajav, who is also President of the Mongol Organization for Peace and Friendship (OMPA), held a fruitful working meeting with the Cuban Ambassador in which they discussed issues of mutual interest regarding possibilities for cooperation and exchange of work in the area of ​​mining and geological research.
The Cuban ambassador presented the portfolio of business opportunities in Cuba for the geology and mining sector, which was of great interest since the industry represents in Mongolia, along with agriculture, the sectors of greater economic contribution for this country.
The Deputy Minister explained that despite the economic difficulties that Mongolia is currently facing, this sector is one of the most important and with the most possibilities of cooperation given the experience accumulated by these authorities in the extraction and processing of minerals, in which a large number of foreign companies with advanced technology take part.
The Deputy Minister pointed out that the Cuban experience and the correct investment policy in this sector have enabled Cuba to continue advancing on the path towards economic independence and development of the industry. He also note the interest of developing joint projects between the two countries in this area, taking the positive experiences of each and exchanging knowledge among specialists. (EmbaCuba Mongolia)
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