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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Mining Minister meets representatives of CEEC www.montsame.mn

Ulaanbaatar/MONTSAME/ Minister of Mining and Heavy Industry D.Sumiyabazar met representatives of China-Energy Engineering Corporation on July 23.

Mongolia’s Parliament passed a Resolution ‘Intensifying activities to put Tavan Tolgoi coal deposit into economic circulation’ on June 29, 2018. Within this framework, 30 percent of the shares of ‘Erdenes Tavantolgoi’ JSC will be traded at domestic and foreign stock exchanges. In addition, infrastructure issues regarding railway, auto road and energy will be urgently solved.

At the meeting, representatives of CEEC received information related to the parliamentary resolution and exchanged views on cooperating in the infrastructure projects.


M.Unurzul

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IMF to conduct its fifth review of EFF www.montsame.mn

Ulaanbaatar/MONTSAME/ On July 25, Finance Minister Ch.Khurelbaatar and other relevant officials met with IMF Staff Team that arrived to conduct the fifth review of the Extended Fund Facility arrangement, being realized in Mongolia.

During the meeting, the sides exchanged detailed views on the country’s present economic situation, outlook of nearest future and pressing issues.

Moreover, they touched matters regarding global trade, business, economic and political situation and Mongolia’s main partner countries'.

M.Unurzul

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Ulaanbaatar Metro Project to be resumed www.montsame.mn

Ulaanbaatar /MONTSAME/ In line with the Urban Development Policy, a study on implementation of Ulaanbaatar Metro Project is to be resumed.

Prior, as part of the Ulaanbaatar City Urban Transportation Project (Ulaanbaatar Metro project) a study on metro development was conducted in 2013-2014 with non-refundable aid of the Japan International Cooperation Agency (JICA). Even though the report was discussed at the Citizens' Representative Khural and approved by the National Security Council and the Japanese Government decided to issue USD 600 million soft loan, the project was stalled due to economic capacity and financial capabilities of the country.

According to the officials, we now have economic possibility of establishing metro by 2030, as reflected in the Urban Development Policy. Thus, the previous project has been resumed. It is estimated that USD 1.5 billion will be required to construct a metro in the capital city. Relevant officials noted financial issue can be resolved through domestic and foreign investment, public–private partnership and concession agreements.

The 17.7 kilometer underground line estimated to be established from the Officers' Palace to the Sonsgolon Bridge along the Peace Avenue connecting east to west. Suburban districts were planned to be connected with extended roads. Prior it special and electric bus (RTI and BTI) roads were planned to be set up in the capital previously.

The metro establishment in Ulaanbaatar city, which has over one million residents, would create 150 thousand jobs and increase the city’s budget revenue by 30 percent. It is predicted that by 2030, the capital city population will reach 1.7 million.
M.Anudar

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92 percent of lawyers oppose amendment to General Administrative Law www.zgm.mn

According to the Judicial Gen­eral Council of Mongolia, a total of 32,437 cases were finalized by the Supreme Court of Mongolia in the first half of this year. To put this into perspective, the total number of cases solved increased by over 10 percent year on year. Analysts put this jump down to deterioration in livelihoods and decrease in household earnings. A separate report released by the National Statistics Office last week showed the growth was mainly driven by theft, robbery and fraud – those that authorities classify as ravenous acts.

Total cost incurred due to criminal acts reached MNT 103.4 billion, less than 15% of which have been compensated, says NSO.

A trend to note was the slump of administrative court decisions. Administrative court finalized a total of 786 cases in the first six months of this year. This is down by 26.5% compared to last year and twice as less than that of 2016. The preceding couple of years were remarkable as Parliamentary and Presidential elections took place, sparking rise in such cases led by government officials, most of whom claimed to be fired illegally as a result of change in administration.

According to the information provided at the Judicial General Council’s website, only election related administrative cases totaled 72 in 2016, when the Parliamentary election took place. The statis­ tics come out at a controversial time when amendments to the General administrative law is being highly debated. 92 percent of lawyers oppose the expected amendment to the law as it aims to free the Government from all judicial parties. This will mean citizens and entities will no longer be able to turn to court to claim their rights.

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State bank raises USD 30 million through collateral swap transaction www.zgm.mn

According to Frontclear, a land­mark transaction between State Bank of Mongolia, EBRD and ING have been facilitated. “Frontclear arranged and structured the USD 30 million cross-­border collateral swap with the European Bank for Reconstruction and Development (EBRD), enabling a further repo transaction between the Mongolian State Bank and ING Bank. It is the first time in Mongolia that a repo or collateral swap transaction has been done with local currency collateral cross border and a first such deal involving a commercial bank”, says Frontclear.

In this transaction, Frontclear borrowed USD 30 million in US Treasury bonds from the EBRD and then on-­lent them to the State Bank LLC in Mongolia against Mongolian local currency government bonds in a collateral swap transaction. Front­ clear guaranteed the transaction to EBRD. With the US treasuries in hand, State Bank LLC borrowed funds in a repo transaction with ING Bank N.V. Singapore branch.

"State Bank is delighted for successfully executing this inaugural transaction that provides possibilities to prac­tice the financial instrument in line with international best practice and facilitates development of interbank money market in broader perspec­tive in Mongolia" said Chinbat Lkhagvasuren, Director General of Treasury Department at the State Bank of Mongolia. State bank of Mongolia expects the long term, USD denominated financing will help increase affordable business loans in Mongolia.

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Tavan Tolgoi earns 90 billion MNT in the first half of 2018 www.gogo.mn

Coal mining company Tavan Tolgoi JSC earned revenue of 90.49 billion MNT in the first half of 2018, with net profits amounting to 19.3 billion MNT. The company's earnings per share stood at 365.6 MNT. Compared to the same period in 2017, Tavan Tolgoi’s revenue decreased by 64 percent (164.5 billion MNT), while the net profits fell by 66.3 percent (37.9 billion MNT) in 2018.

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Mongolia begins installing filters on public buses to reduce air pollution www.xinhuanet.com

ULAN BATOR, July 25 (Xinhua) -- Mongolia has begun installing a device designed to remove diesel particulate matter on public buses, in an effort to reduce air pollution in its capital, officials said on Wednesday.

"We are planning to install the device on 25 buses within July in the first phase," Khurelbaatar Bulgaa, deputy head of the Ulan Bator city's transportation department, told Xinhua.

According to Khurelbaatar, the installation of diesel particulate filter (DPF) on public buses has just started with non-refundable aid by the Japanese International Cooperation Agency.

He added that the filter can remove 80 percent of diesel particulate matter.

"The filter should be cleaned after every 250 kilometers. A public bus runs in the capital city 200-300 kilometers per day. So, we decided to install the three DPFs on a bus in order to not disrupt the operation of public buses," he said.

Currently, more than 930 public buses are operating in the capital Ulan Bator, he said, and the cost of the installations of three DPFs on a bus is some 40 million Mongolian Tugriks (16,200 U.S. dollars).

Air pollution is the most pressing issue in Ulan Bator where more than 800,000 residents, over half of the city's population, live in slums. They have to rely on burning raw coal and other flammable materials such as plastics and old tires to stay warm and cook meals during the six-month-long winter season.

The Mongolian government announced in March that it would impose a ban on the burning of low-grade coal for domestic use in the capital beginning on May 15, 2019.

Since the early 2000s, the government of Mongolia in cooperation with international organizations have carried out a number of measures directed at reducing air pollution in Ulan Bator. However, the city has not seen a significant reduction in air pollution levels.

The city's air pollution on Jan. 30 exceeded 133 times above the safety level set by the World Health Organization.

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Rosneft sees oil at $80 by Christmas www.rt.com

Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon.
The company’s budget for the year is based on a much lower price, at $63 a barrel, Sechin added, so it’s hardly a surprise the CEO is happy with where prices are now.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices, event though production was lower. The company accounts for about 40 percent of Russia’s total oil production, which has made it key for the production cut Russia agreed with OPEC.

Now that production is once again on the rise following loud complaints from some of the biggest importers of crude, Rosneft stands to benefit more than smaller companies.

The company has made it clear that despite the production cuts, it was eager to boost production both domestically and internationally. It has also launched an ambitious overhaul that should see Rosneft buy back $2 billion in stock, slash capex by as much as 20 percent and raise its working capital by US$3.15 billion (200 billion rubles) by the end of this year.

Meanwhile, the company is growing in places like Kurdistan and Nigeria. In May, the company announced the discovery of a potentially huge oil field in southwestern Iraq, and a month later, media reported that Rosneft would be partnering with a Nigerian company to develop 21 oil blocks across Africa.

Rosneft doesn’t have a significant presence in Africa except for a 30-percent stake in the giant Zohr gas field offshore Egypt in the Mediterranean, as well as some prospects in Mozambique.

Gaining access to more projects in Africa could be an important development for Rosneft to expand its global footprint, especially since US sanctions on Russia are not seen to be an issue in this region.

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A portion of loan from South Korea to be spent on Rental Apartment Program www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Construction and Urban Development intends to continue the Rental Apartment Program, which is designated for the target groups of elderly people and young families.

972-apartment building for rental purpose is under construction in Buyant Ukhaa-2 apartment complex. A portion of the USD 500 million loan from South Korea will be spent on the program.

Furthermore, the corresponding Ministries are studying possibilities and experiences from Asian countries and exchanging views with them on attracting investment from international market by issuing certified mortgage bonds. It is estimated to be possible to issue bonds secured by asset-backed loan of MNT 4.2 trillion. 
M.Anudari

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Drone to be used for mining inspection www.montsame.mn

Ulaanbaatar /MONTSAME/ The Department of Environment, Geology and Mining Inspection of the General Authority for Specialized Inspection (GASI) handed over up-to-date, high capacity drones and special purpose software to the Departments of GASI in Tuv, Selenge, Arkhangai and Bayankhongor aimags where illegal mining operations are mostly conducted.

By using the drone, it will become easy to monitor, document illegal activities and to estimate size of broken land using the special software.

The drone will be used not only in detecting illegal mining also in examining whether licensed entities are excessing amount of their field as well as combating with poaching and illegal logging.

The Swiss Agency for Development and Cooperation granted these drones to the GASI for inspection of artisanal and illegal mining activities.

B.Batchimeg

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