1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Brexit not deterring Asian investors from UK property market www.bbc.com

Investing in property is a mainstay of most Asian portfolios and the UK has typically been among the most desirable of destinations.
Recent data suggests that despite the uncertainty created by Brexit and the upcoming general election, Asian investors are flocking to the UK's shores more than ever before.
Research from property investment firm JLL indicates that Asian investors accounted for 28% of the transactions in the UK property market in 2016, up from the 17% the year before.
London in particular continues to be a strong attraction, especially for Asian families who have long had a link to the city.
Pamela Kirpalani's family is originally from India, but she now lives and works in Singapore and runs her own training consultancy, Singapore Inner High Living. Her family are long time investors in the UK property market.
'London is London'
"London for us will always be a safe haven," she told me.
"Our families are spread across India and Singapore and eventually we would like our kids to go to college [in the UK]."
Pamela's family has recently bought their third place in the heart of the city.
"London is London," she said. "Even with the panic of Brexit, and things go up and down in the economy, property prices in the centre of London just always bounce back. So you just can't go wrong with that kind of investment."
It's investors like Pamela that led Manchester-based Select Property to set up an office in Singapore in 2015.
Elliot Vure is the Asia sales manager for the firm. He showed me a model of the latest development - Affinity Living - that the company is building in Manchester, and selling in Asia. On average one of the flats in the building costs about £275,000.
"We've probably seen 30% to 40% of the development being sold to Asian investors," he told me as we toured the firm's offices in Singapore.

Mr Vure added that there's a unique aspect to the way Asians buy their property in comparison to other buyers.
"The vast majority of almost all of the investors in this region are cash purchasers. There's no real desire to get a mortgage," he said.
"People in the UK look for financing and a mortgage, but in Asia it seems to be the opposite."
A lot of that wealth is coming from China, which has been one of the biggest buyers of UK property in the last year, buoyed by the weaker pound in the wake of the uncertainty caused by Brexit.
According to Juwai.com, which calls itself China's leading international property portal, growth in the enquiries into UK property in the last 12 months has jumped 60%, and Chinese buyers are increasingly interested to the UK.
"A lot of our buyers are the average Chinese mom and pop looking to invest overseas," Sue Jong, the chief operating officer of Juwai.com told me.
"The large portion is the middle to upper middle class, that's interested in a good stable investment and may be thinking about emigrating or sending their kids to school there."
The demand for property amongst Asian investors has convinced many that this is a market worth expanding in.

Asian investors have not been deterred by the prospect of Brexit
But it's not just physical properties that Asians may be interested in buying.
Prop-X is a property exchange launching later this year, offering Asian investors a shot at owning a share of a property, without so many of the risks.
"What seems to be a fundamental part of the culture is that Asian investors have had a preference for investing in bricks and mortar," chief executive Rohin Modasia told me.
"It's a long standing trend. Post the global financial crisis, the UK has performed pretty well. And Asian investors now are more willing to say I've seen it happen, I've seen my friends do it, and I'm keen to get in on the action."
By some estimates, two thirds of the global middle class by 2030 will be living in Asia. They've been the driving force behind investor appetite in global real estate markets, including the UK's.
As Asia's middle classes get richer and more aspirational, that appetite is only likely to grow.

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Mongolian media goes dark to protest press freedom threat www.dnaindia.com

 
Blank screens and red text warning about threats to press freedom interrupted Mongolian television late on Wednesday to protest against legal changes media groups say could harshly punish journalists accused of defamation ahead of elections.
 
With just three million people, Mongolia, best known as the birthplace of the Mongol emperor Genghis Khan, has long stood as an oasis of democracy, sandwiched between autocratic giant neighbours China and Russia.
 
Mongolia's political transformation since a peaceful revolution in 1990 has been a big plus for foreign investors eyeing its rich mineral resources.
 
But with presidential elections in June, rights groups and journalists have expressed concern the government is using increasingly heavy-handed tactics to suppress media and stifle dissent, including jailing reporters.
 
The government denies seeking to muzzle the press, saying the country is a democracy that values the freedom of the media.
 
But this week, parliament is due to debate law amendments that could impose large fines on reporters accused of defamation, in what media groups say amounts to a threat to make them stop reporting on issues like rampant corruption.
 
More than a dozen Mongolian television stations went dark for about one hour on Wednesday evening, some carrying only the text "Your right to know is under threat".
 
On Thursday, one of the country's largest newspapers, Unuudur, carried the same message on its front page.
 
Hashhuu Naranjargal, president of the civil-society group Globe International in Mongolia, said media outlets could face penalties of up to 200 million tugrik ($82,850) for violations under the amendments, while individual journalists and social media users could be fined 2 million tugrik ($828) each.
 
The fines were a form of "economic censorship", said Naranjargal, that politicians might abuse to protect themselves.
 
"The general political atmosphere is very negative about the protection of journalists," Naranjargal said.
 
"They just want to prevent negative information about themselves," she said about politicians.
 
Batbold Chimgee, a journalist for the website GoGo.mn, said the government had abused the libel law in the past to censor reporters.
 
She said the 2 million tugrik fine was equivalent to three months salary for many journalists.
 
"It's big money for journalists because Mongolian journalists don't make much money."
 
 
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Mongolia-China infrastructure cooperation matters discussed in Beijing www.vom.mn

A council meeting of mineral, energy and infrastructure cooperation between Mongolia and the People's Republic of China was held in Beijing.
 
Mongolia-China infrastructure cooperation matters discussed in Beijing. A council meeting of mineral, energy and infrastructure cooperation between Mongolia and the People's Republic of China was held in Beijing. Developing friendly relations and cooperation with the People’s Republic of China is one of the priorities of Mongolia as stated in the Foreign Policy Concept document. The meeting attached great impetus to the development of mining, mineral, energy, and infrastructure industries of Mongolia. In particular, the meeting agenda included issues of cooperation with China on major projects, such as the development of Tavan Tolgoi and Shivee Ovoo coal deposits and railway, coal gasification, and copper smelting plants as well as of increasing investment from China. Prior to the meeting, the Mongolian delegates met with representatives of the National Development and Reform Commission of China and exchanged views on the bilateral cooperation in the mining, mineral, energy, and infrastructure sectors.
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Online platform for interbank currency exchange launched www.vom.mn

 
Bloomberg L.P., beta version of the platform was released in collaboration with the Bank of Mongolia.
 
Online platform for interbank currency exchange is launched. Bloomberg L.P., beta version of the platform was released in collaboration with the Bank of Mongolia. The online platform for currency exchange was adapted in compliance with the general guidelines on state monetary policy approved by Mongolian Parliament last year, which set out to develop currency and financial market infrastructure. Commercial banks, entities and individuals will be able to include their preference for the online platform through their corresponding banks. The online platform will reduce payment and information risks of inter-bank currencies, set spot prices, increase accessibility and transparency of financial market, help the Bank of Mongolia to fast receive information, get involved in the market, if necessary and to establish a foundation for a joint currency exchange platform. The trade information of the online platform will be available on the Bloomberg terminal as “MGRR”.
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Cabinet considers bilateral treaties with Hong Kong and Macau www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on April 26, Wednesday, the Cabinet addressed the issue of transfer of sentenced persons with Macau and Hong Kong, and resolved to discuss the issue with the corresponding Parliamentary Standing committee.
 
Mongolia has a bilateral treaty on mutual legal assistance on civil and criminal matters and transfer of sentenced persons and offenders with the People’s Republic of China; however this agreement isn’t effective in Hong Kong and Macau, Special Administrative Regions of the People’s Republic of China.
 
Considering the increased travel of Mongolians and involvement in criminal activities in these regions, the Cabinet thus discussed the issue of establishing treaties with Hong Kong and Macau on transfer of sentenced persons and offenders and legal assistance, and decided to consult with the corresponding standing committee.
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Steelmakers continue capacity cuts www.chinadaily.com

China's steelmakers need to press ahead with capacity cutting and deleveraging, despite the sector's strong performance in the first quarter of the year, an expert said.

Gu Jianguo, executive vice-chairman of the China Iron and Steel Association, said the entire industry needs to remain sober about the latest favorable results, as there is still not a solid foundation for the sector to realize sustainable returns.

Steel companies should continue to avoid "near-sighted behavior", and avoid expanding output blindly, Gu said at a news conference on Wednesday.

Industry data showed that steelmakers' output and profits increased in the first three months.

Between January and March, total crude steel output grew by 4.6 percent year-on-year, with the average daily output in March reaching a record high, according to the CISA.

In the same period, combined profits among CISA's members amounted to 23.3 billion yuan ($3.4 billion), compared with losses of 8.75 billion yuan last year.

The three-month statistics, however, are insufficient to forecast the trend for the entire year, Gu said. "More observations are necessary on steel demand and consumption."

Besides, falling exports and fluctuations in prices are two problems facing the industry, Gu added.

Liu Zhenjiang, CISA's secretary-general, said the steel mills, in addition to further slashing excessive capacity, should also attach importance to deleveraging to avoid debt problems.

China set a goal of reducing steel capacity by 50 million metric tons in 2017, and will continue its drive in 2018, according to the National Development and Reform Commission, the country's top economic regulator.

The target was built on the progress China made in 2016, when the country slashed steel output by 65 million tons.

Zhang Yingying, an analyst at Beijing-based JLC Network Technology Co Ltd, said the new round of capacity cuts is likely to cause supplies to run slightly low in provinces such as Hebei, Shandong and Jiangsu, major steel production bases.

"Prices might decline correspondingly in a small range within a short period," she added.

The country's annual steel output stood at 1.1 billion tons, with an apparent consumption of 800 million tons a year, according to the National Bureau of Statistics.

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MMC Operational update www.mmc.mn

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for
the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents
of this announcement.
MONGOLIAN MINING CORPORATION
(In Provisional Liquidation)
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE
FOR THE QUARTER ENDED 31 MARCH 2017
The board of directors of the Company (the “Board”) has adopted a policy of announcing
unaudited operational updates on a quarterly basis. This announcement sets out the unaudited
operational update for the quarter ended 31 March 2017. The comparative numbers for the quarter
ended 31 March 2016 are also disclosed in this announcement.
Table 1. Main operational data for the quarter ended 31 March 2017:
Item Unit The quarter ended 31 March
Year on Year
change (%)
2016 2017
ROM coal mined kt 431.1 1,644.8 282%
ROM coal processed kt 521.0 1,547.8 197%
HCC product kt 255.3 797.3 212%
HCC product yield % 49.0% 51.5% +2.5 ppt
HCC product sold kt 211.5 798.1 277%
The main operational data summarized and shown above in Table 1 are derived from the internal
records of the Group and are intended to give investors an overview of the Group’s operations in a
timely manner and may differ from the data disclosed in periodic reports of the Company.
In the quarter ended 31 March 2017, the Group’s mine production increased by 282% as compared
to the corresponding period of 2016 with quarterly run-of-mine (“ROM”) coal mining output
achieving 1,644.8 thousand tonnes (“kt”).
Total 1,547.8 kt of ROM coal was processed, representing 197% increase compared to the
corresponding period of 2016 and resulting in the production of 797.3 kt of washed hard coking
coal (“HCC”) product at 51.5% yield.
2
The Group sold a total of 798.1 kt of HCC product in the first quarter of 2017, representing 277%
increase compared to the corresponding period of 2016.
The aforesaid operational data are not an express or implied forecast or guarantee in respect of the
Company’s future operating conditions.
In addition, various factors may affect results, including (but not limited to) acts of the God,
changes in market conditions and regulatory interferences, as such material differences may exist
in the operational data published from quarter to quarter.
Investors should note that undue reliance on or use of the above information may cause
investment risks.
For and on behalf of the Board
Mongolian Mining Corporation
(In Provisional Liquidation)
Odjargal Jambaljamts
Chairman
Hong Kong, 27 April 2017
As at the date of this announcement, the board of directors of the Company consists of
Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company,
Dr. Oyungerel Janchiv, Mr. Od Jambaljamts and Mr. Gankhuyag Adilbish, being the non-executive
directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid and Mr. Chan
Tze Ching, Ignatius, being the independent non-executive directors of the Company.

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Government reserve wheat seeds to be sold www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on April 26, Wednesday, the Cabinet addressed crop production sector. This year, 1350 entities and land farmers from 13 aimags will cultivate 381.6 thousand ha area for crop production including 362.1 thousand ha area for wheat.

54.3 thousand tons of wheat seed is required for this year’s spring sowing on the national level, and 4.1 thousand tons of seed is needed to fill the demand. The Cabinet addressed this issue, and resolved to sell 5800 tons of elite wheat seeds stored in government reserve.

The elite wheat seeds will cost land farmers MNT 880,000 per ton, reproduced seeds MNT 830,000 and simple seeds MNT 480,000-560,000 per ton. Entities and land farmers need to make 40 percent advance payment, and purchase the seeds.
Kh.Aminaa

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South Korea-Mongolia consular affairs consultative meeting takes place www.theubpost.mn

 
The ninth consultative meeting of the foreign affairs ministries of Mongolia and South Korea was held on April 24, in Ulaanbaatar, to discuss consular affairs cooperation between the two countries. The meeting’s delegations were led by Director of the Consular Department of the Mongolian Ministry of Foreign Affairs Ya.Ariunbold and Ambassador for Overseas Koreans and Consular Affairs Han Dong-man.
 
Representatives from the Mongolian Ministry of Justice and Internal Affairs, Ministry of Labor and Social Protection, General Prosecutor’s Office, Mongolian Immigration Agency, National Policy Agency of Mongolia, General Authority for Border Protection and Medical and Social Insurance General Office participated in the meeting.
 
During the meeting, the sides discussed developing consular affairs cooperation between the two countries, increasing the number of Mongolian citizens living in South Korea under labor contracts, and challenges facing Mongolian citizens living in South Korea. The two sides agreed to take measures to deal with some of challenges facing Mongolians legally residing in South Korea. The sides also discussed expanding the terms of multiple entry visas to streamline the visa process for Mongolian applicants. This could be achieved by increasing the number of Mongolian citizens legally residing in the Republic of Korea and reducing the number of illegal residents.
 
The South Korean delegation asked their Mongolian counterparts to issue visas to South Korean investors that are valid for one to three years, and to eliminate employment fees for South Korean citizens living in Mongolia who are employed by non-governmental organiza
tions.
 
During Ambassador Han’s meeting with State Secretary of the Mongolian Ministry of Foreign Affairs D.Davaasuren, the state officials emphasized that creating a specific mechanism for developing consular cooperation, protecting people’s rights, and carrying out visa facilities are important. They agreed that consultative meetings should take place regularly, and that enhancing the legal and regulatory environment for dealing with the challenges facing the two nations’ citizens is critical.
 
D.Davaasuren noted that there are 36,000 Mongolian citizens working and studying in South Korea, and that the Government of Mongolia should focus on supporting its citizens there. The sides also exchanged views on security challenges on the Korean Peninsula and other regional issues.
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Ebook sales drop as readers favour non-fiction books www.bbc.com

 
Sales of ebooks dropped 3% to £538m last year, according to the Publishers Association trade body.
But total book sales including physical books rose 6% to £3.5bn, according to the data, led by non-fiction gains.
Readers flocked to fitness and self-help books, sending non-fiction sales up 9%, while fiction revenue fell 7%.
Exports rose 6% to £2.6bn, benefiting from a decline in the value of sterling, but also rising in line with domestic growth.
The gain reversed three previous years of export decline.
In 2015, adult colouring books and the 150th anniversary of Alice in Wonderland helped the swell in physical book sales, while ebook sales fell 1.6%.
This time, books on the Danish concept of hygge, which is usually translated into English as "cosiness", assisted factual sales, as well as fitness books by personal trainer Joe Wicks.
While ebook sales took a hit, digital distribution helped other media.
Journals made a 10% gain last year to £1.2bn, led by a jump in electronic subscriptions, making the market for books and journals worth £4.8bn.
"Last year, one of the most eye-catching figures from our statistics was that physical book sales were increasing while digital book sales dropped," said chief executive Stephen Lotinga.
"While many will debate as to whether this trend will continue, we should not ignore the fact that digital sales beyond the domestic ebook market are growing."
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