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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IFC International Finance : and CGDC Launch Corporate Secretary Club in Mongolia to Promote Good Governance www.4-traders.com

 
Ulaanbaatar, Mongolia, April 24, 2017-IFC, a member of the World Bank Group, and the Corporate Governance Development Center (CGDC) have launched a corporate secretary club to promote best governance practices so that members can better advise their company board and management on governance matters.
More than 30 corporate secretaries from leading Mongolian commercial banks and other corporations attended the launch in Ulaanbaatar, Mongolia, on Wednesday. The club provides a venue for corporate secretaries to network, discuss governance challenges and international trends, and undergo training to become senior governance professionals.
'Traditionally people view a board secretary as the CEO's assistant, but the role is evolving and we see a need to improve public recognition and understanding of what a corporate secretary does,' said Tsend-Ayush Tuvshintur, Chief Executive Officer of the Corporate Governance Development Center. 'The club offers professional growth opportunities to help our members become champions of corporate governance in their companies. We believe the club will greatly contribute to improving corporate governance practices in Mongolia.'
Since 2015, IFC has been cooperating with CGDC to increase market awareness of corporate governance, improve governance-related regulations, and advise individual companies on enhancing their corporate governance practices.
'IFC has been working with both regulators and the private sector to strengthen corporate governance standards in Mongolian companies,' said Tuyen D. Nguyen, IFC Resident Representative in Mongolia. 'We believe this initiative will further enhance corporate leadership and governance, making Mongolian companies more competitive and attractive to global investors.'
Since 2009, IFC has been supporting Mongolia's efforts to enhance corporate governance practices, including the development of a corporate governance scorecard in 2013 and regulations governing related-party disclosures to protect the interests of minority investors. These efforts are part of the broader IFC Corporate Governance Program in East Asia and the Pacific, which is funded by the State Secretariat for Economic Affairs of Switzerland.
Globally and across the region, IFC leverages its private sector development expertise to promote good governance practices at different levels of a market and help attract investment. The program helps regulatory bodies strengthen laws and regulations, builds the capacity of local partners and market intermediaries, advises individual firms on corporate governance improvements, and supports various awareness-raising activities. In East Asia Pacific, direct engagements with companies facilitated more than $852 million in financing due in part to corporate governance improvements and over 7,300 executives were trained through workshops conducted by IFC partners as of December 2016.
 
 
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Mongolia: Petro Matad awarded PSC extensions for Mongolia Blocks IV and V www.energy-pedia.com

 
Petro Matad has been awarded extensions to the PSC exploration periods for Blocks IV and V to 29 July 2019. The Company is also in active drilling rig contract and farmout negotiations, with two exploration wells planned for 2017.
 
PSC Extensions - Blocks IV and V
 
The Company has received an official letter from the Mining Resources and Petroleum Authority of Mongolia (MRPAM), dated 20 April 2017, confirming MRPAM's intent to extend the PSC exploration periods for Blocks IV and V by 2 years to 29 July 2019. The letter states that MRPAM sees no objections or issues in the extension and is currently undergoing the administrative process of the extension.
 
Petro Matad is of an opinion that the administrative process is in advances stages and expects the formal extension to be issued by MRPAM within the next month.
 
Drilling rig and services tender
 
As referenced in earlier announcements, the Company continues to negotiate the terms of the drilling rig and services contract. The Company expects to be able to announce the name of the successful bidder within the next two-weeks. Rig-mobilization to the first drilling site will commence within four-weeks of contract award. The Company remains on track to drill two exploration wells in 2017.
 
Farmout
 
The Company's farmout and funding processes are ongoing and the Company continues to be in active discussion with a number of parties.
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Mitsubishi Heavy doubling down on Areva with fresh investment www.asia.nikkei.com

TOKYO -- Mitsubishi Heavy Industries has reached a broad agreement to purchase about 15% of French nuclear energy giant Areva's reactor unit, venturing deeper into a business with uncertain prospects that has sent others pulling out.

The Japanese engineering firm and Electricite de France, the state-backed utility that has agreed to acquire reactor maker Areva NP, have reached a deal that will have Mitsubishi Heavy invest 40 billion yen ($366 million) for the stake. This would boost Mitsubishi Heavy's total investment in the Areva group to more than 70 billion yen.

EDF has turned to Mitsubishi Heavy, an existing Areva partner, for help pulling the nuclear energy company out of a financial pit. Areva had logged total losses equivalent to more than 1 trillion yen through 2016, marking its sixth year in the red amid mounting challenges such as delays in a Finnish nuclear power plant project.

China's state-owned China General Nuclear Power, which is developing reactors based on French technology and runs 19 power plants, is also in talks to take around a 15% stake in Areva NP. Sources close to the matter say a basic agreement is targeted for May, and that other companies could join the effort.

Areva recently cut money-losing operations loose and brought nuclear fuel cycle operations, including the fuel recycling business, together under NewCo. Mitsubishi Heavy and Japan Nuclear Fuel each paid 250 million euros ($268 million at current rates) for a 5% stake in the unit, in which the French government also holds a hefty interest. EDF is poised to acquire more than 51% in Areva NP, which handles such operations as large nuclear reactors.

In deep

Mitsubishi Heavy and Areva have been business partners since 2006, creating a joint venture that exports midsize nuclear reactors to developing nations. But the two have not broken ground on a new-model reactor since the meltdowns at Japan's Fukushima Daiichi power plant in March 2011, which spurred worldwide efforts to improve nuclear safety.

Mitsubishi Heavy President Shunichi Miyanaga has called further investments "safe," as "all risk has been isolated" with the spinoff of unprofitable businesses. But the Japanese partner may also be doubling down out of a sense that it is in too deep to pull out: "If we withdraw at this stage, we would be throwing away all of the money we spent developing new reactors," a source at the company said.

With large losses on its cruise ship operations and severe delays on delivery of its Mitsubishi Regional Jet, Mitsubishi Heavy hardly has money to spare toward risky investments. If the company is to expand involvement in the nuclear business, it will need to make sure the move pays off.

Recent developments are not encouraging for the industry. Vietnam last year scrapped plans for nuclear plants thought to be a sure win for Japanese builders. The feasibility study for a planned Turkish project is dragging on far longer than anticipated. Toshiba apparently was driven into negative net worth by enormous losses at its U.S. nuclear unit Westinghouse Electric. Germany's Siemens has pulled out of the nuclear business entirely, and others could do the same.

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China opens new freight train service to Moscow www.chinadaily.com

XIAMEN - A new freight train service started on Friday linking the east China port city of Xiamen with Moscow, making it the newest China-Europe freight train route.

At 9:30 am, the train with 40 containers left the station from Xiamen Free Trade Zone carrying goods worth $363,000 including granite, lighting supplies, artificial flowers and shoes for Moscow.

A single trip on the 10,920-km route takes 13 to 14 days. Without the direct train service, it used to take at least 25 days to transport goods.

The train route connects the eastern and northeastern Chinese cities of Nanchang, Nanjing, Jinan and Jinzhou, and crosses the border via Manzhouli Port in North China's Inner Mongolia autonomous region.

Jiang Jingdong, assistant general manager of Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co Ltd, said the service is still in trial operations with three trips from Xiamen to Moscow per month. The freight train service will be normalized in the second half of this year.

Huang Changhong, manager of Trans-China Logistics Co Ltd, said that trade between Xiamen and Russia is complementary. Xiamen and its surrounding cities are export-oriented with machinery equipment and shoemaking industries, while it imports wood, paper pulp and vegetable oil from Russia.

Lin Jiangfan, an official with Xiamen Haicang Free Trade Port Zone, said that as the host city of the 2017 BRICS Summit slated for September, Xiamen welcomes a closer partnership with Russia, one of the BRICS countries. The Xiamen-Moscow freight train service could also strengthen the Belt and Road Initiative, driving trade in Xiamen.

In 2016, exports from Xiamen to Russia reached more than 5 billion yuan ($727 million), and imports from Russia totaled 1.9 billion yuan.

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Coking coal price correction turns into crash www.mining.com

The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease.

Last week the price of Australia free-on-board premium hard coking coal jumped to highest since the second quarter of 2011. That price spike was also the result of flooding in Queensland that saw quarterly contract prices negotiated at an all time high of $330.

While coking coal is returning to more expected levels, iron ore's unnerving decline appears to have been arrested
Cyclone Debbie caused serious damage to key rail lines serving mines in the state of Queensland and while three lines have now reopened according to operator Aurizon, but large sections of the Goonyella railroad in the centre of the network is only be expected to be up and running in a week's time.

Earlier expectations were that roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed, but Aurizon said this week up to 21 million tonnes have been affected.

A total of 221 million tonnes of coal was exported last year from Queensland, according to the Queensland Resources Council quoted by Reuters and of that at least 75% be steelmaking coal. The global met coal market is around 300 million tonnes per year with premium hard coking coal or PHCC constituting more than a third of the total market. More than half of PHCC seaborne coal come from Australian producers according to TSI data.

A survey of economist and investment bank analysts by FocusEconomics show prices are expected to decline substantially later this year. The median forecast is for met coal to average $146 per tonne in Q4 2017 and $130 during the final quarter next year. Coking coal averaged $121 a tonne in 2016.

Coking coal price correction turns into crash
While coking coal is returning to more expected levels, iron ore's unnerving decline – a third over just the last month – has now turned around.

The Northern China import price of 62% Fe content ore advanced for a third day on Friday trading at $67.40 a tonne, up 4.2% on the day and just into positive territory for the week. The steelmaking raw material after dipped to a six-month low of $61.50 per dry metric tonne on Tuesday according to data supplied by The Steel Index.

 
 
 
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Oyu Tolgoi to make US$ 800 million investment this year www.mongolia.gogo.mn

 
Bank of Mongolia today introduced macroeconomic situation in the first three months of 2017.
At the meeting, positive changes in the economic sector were highlighted.
- Oyu Tolgoi LLC to make US$ 800 million investment this year.
- Prices for coal, Mongolian major export product sharply increased in China.
- Government released Khuraldai bond worth US$ 600 million in order to pay Development bank bond. At that time, foreign investors ordered 30 times more US$ 600 million which proves that foreign investors are positively seeing our economy.
- Unemployment rate declined compared to last two years.
- Evaluation of credit rating agencies to Mongolian is stable.
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Vehicle emissions to be identified using remote sensing device www.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Japanese International Cooperation Agency (JICA) has started measuring emissions of vehicles to identify their toxic contents. Some surveys show that 10 per cent of air pollution in Ulaanbaatar is caused by vehicle emissions. Therefore, the Minister of Road and Transportation Development issued an order to establish a working group in charge of studying air pollution, making conclusions and developing proposals on solving the problem. With a request by the working group and the Ministry of Environment and Tourism, the JICA team started the survey, experimentally placing Remote Sensing Device (RSD) nearby to the Bayanzurkh checkpoint on April 17.
The Remote Sensing Device (RSD) is a system that enables to individually measure the emissions of vehicles in motion (i.e. car, bus, truck, ship and train). Based on this technology, it is possible to create an inventory of the emission level of fleets and implement specific measures to improve the environment. RSD is placed at fixed locations or in mobile units to measure specific vehicle emissions using low-intensity infrared and ultraviolet beams. The device collects emissions data as vehicles are driven in normal everyday use without the need for a vehicle stop or even slow down.
The RSD system detects hydrocarbons, carbon monoxide and carbon dioxide and Oxides of Nitrogen. The data collected by the RSDs are used for a wide variety of high value applications focused on improving air quality and motor vehicle compliance. The recorded data generates an accurate snapshot of the traffic emission in a given timeline, allowing the creation of efficient mobility policies.
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Ambassador S.Bayar presented his credentials to the Secretary-General of the International Maritime Organization www.embassyofmongolia.co.uk

 
The Ambassador of Mongolia to the UK, Mr. Bayar Sanjaa presented his credentials to the Secretary-General of the International Maritime Organization (IMO), Mr. Kitack Lim.
 
Emphasizing a significance of the maritime transportation in the economic development of landlocked developing countries like Mongolia, Ambassador Mr. S.Bayar informed of policies and activities carried out by the Government of Mongolia in the water-borne transportation, and introduced ongoing outcomes and challenges in this area, and requested to render a support in providing technical assistance and consultancy assistance for further improvement of national legislations and standards.
 
Mr. Kitack Lim congratulated the Ambassador on being the Mongolian Permanent Representative to the IMO and committed to take every effort to develop Mongolia – IMO cooperation and to provide technical assistance to Mongolia.
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Nomadic Elephant 2017: India-Mongolia Train Together To Take On Terrorism www.ndtv.com

 
VAIRENGTE, MIZORAM: Somewhere near Vairengte in the north-eastern state of Mizoram, the sun is harsher than it should be in April. Suddenly, a helicopter appears on the horizon and soldiers slither down the rope that is dropped from the chopper as it hovers over a field where the crop has been recently harvested. The men disappear behind a hillock and then there's silence. Minutes later, gun shots are heard. Amidst the heavy firing, the soldiers, who literally appeared from thin air, throw a grenade into one of the structures. The grenade explodes and the soldiers return with a captive man. Another man tries to escape but he is shot by a sniper who takes aim from behind a set of trees.
 
This is a reality in insurgency-hit states but this time around it is make-believe. The 12th edition of India-Mongolia military exercises, titled Nomadic Elephant 2017 have just concluded at the army's premier Counter Insurgency and Jungle Warfare School in Vairengte at Mizoram. The two armies have collaborated and trained to fight terrorism together. This exercise is a display of the skills they have acquired.
 
Three officers, four JCOs and 39 soldiers of the Jammu and Kashmir Rifles have teamed up with nine officers and 36 soldiers who belong to Mongolia's elite 084 Special Task Battalion that has served in areas like South Sudan, a region hit by civil war and is being manned by a UN Peacekeeping Force. Mongolia, hasn't really suffered the scourge of terrorism but knows terrorism has no borders and its always prudent to have a well-trained anti-insurgency force with special skills in jungle warfare.
 
Major General Sukhbat Radnaabazar, the Deputy Chief of General Staff of the Mongolian Armed Forces tells NDTV, "Those abilities which we have learned from here have taught us how to counter terrorism in the future. Because terrorism today is globalised it is an international threat at this time."
 
Major General PN Verma, the General Officer Commanding of the 59 Infantry Division says, "This battalion which has come from Mongolia is one of their most elite battalions. It has got a lot of exposure in the international arena. They have got their own exposure, their own expertise as a specialised force and it was great learning from them some procedures and drills which is different from ours."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School
The soldiers from India and Mongolia have displayed how they tackle a hostage situation, an ambush and clearing a terrorist hideous, jobs that require extreme skills and tenacity.
 
Commanding Officer of 15 JAKRIF, Colonel Parvinder Singh, SM says, "For the last 15 days we have mutually benefitted from the expertise of each other and the kind of synergy, functional coordination and the tactical interoperability that we have achieved you just witnessed. It is commendable and both have benefitted from this exercise."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School after it was set up in 1970. For Mongolia, it's the 12th joint exercise and it is called Nomadic Elephant 2017, which the two armies say have helped them prepare to take on any eventuality that they may have to face in case terror strikes. But what perhaps also is worth noting is the mood with which the exercises ended. The men may not have spoken a common language but in the words of one officer, "they met as strangers and departed as brothers."
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JD.com signs deal with HP to target corporate clients www.chinadaily.com

Chinese e-commerce giant JD.com Inc signed strategic partnership with HP Inc on Thursday, a move aimed at boosting its strength to compete in the growing enterprise market in the country.

Under the deal, the two sides will enhance cooperation in product development, sales, marketing and customer services, connecting the sales platform and brand to offer clients better services.

Hu Shengli, president of JD.com Inc's 3C business department, said the two companies aimed to offer high-quality products and services to meet clients' changing needs.

"Instead of simply copying the offline experiences, we will focus on industry exploration and networking. Supported by JD's technology capability and platform, it will be a win-win game."

"We two will especially work together to provide customer services, which will help reduce the cost and offer better user experiences."

With the help of JD.com's big data technology, HP Inc will be able to better target the enterprise market, introducing more customized products and industry solutions accordingly, the company said.

According to a report released by market research company IDC in April, HP Inc took back the top spot in the global PC market by shipment for the first quarter this year, followed by its rival Lenovo.

Zhuang Zhengsong, president of HP Greater China Region, said HP will take JD.com as its priority sales platform and will work with JD.com to bring more products for corporate clients.

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