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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Elixir’s Golden Horde acquisition opens up potentially giant gas resource www.finfeed.com

Energy junior, Elixir Petroleum (ASX:EXR), has completed its acquisition of Golden Horde (GOH), and is poised to accelerate exploration of the high-impact Mongolian coalbed methane (CBM) opportunity identified more than a year ago.

Elixir issued 79 million shares to complete the acquisition and, in what could be deemed as a vote of confidence, 80% of GOH’s shareholders voluntarily agreed to an escrow period of 12 months.

In September this year, GOH was awarded the Nomgon IX CBM production sharing contract (PSC) in Mongolia.

With an independently verified risked prospective resource of 7.6 trillion cubic feet of natural gas, this could be a company-making development for EXR, particularly given the project’s close proximity to the Chinese border.

Experienced CEO to shape exploration program
Over recent months, Elixir and GOH have been preparing for what will be an active 2019 exploration program designed to de-risk and prove up the giant prospective natural gas resource.

Former Santos executive, Neil Young, has joined the Elixir board and will take up the role of CEO.

With his Santos background, and with significant experience in CBM business development activities and commercialisation, Young’s direction in developing a sound exploration program should be invaluable here.

The Nomgon IX CBM PSC has recently been the subject of an independent prospective resource report completed by ERCE (Energy Resource Consultants Equipoise), which verified the world-class potential of the PSC area.

Young indicated that the company is in a position to quickly move to exploration in 2019, saying: “I am pleased that Elixir’s acquisition of Golden Horde is now finalised and all the necessary corporate, technical and commercial foundations to commence on-ground exploration next year in Southern Mongolia are in place.

“There is an exciting time ahead for all shareholders of Elixir as we seek to de-risk a potentially giant clean energy resource in the heart of Asia.”

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Top 10 countries the super-rich call home www.rt.com

Aggregate global wealth grew by $14 trillion, hitting an enormous figure of $317 trillion over the 12 months through the end of October, according to latest Global Wealth Report, revealed by Credit Suisse's Research Institute.
The growth rate of nearly 4.6 percent was reportedly lower than last year, but higher than the average growth rate in the post-2008 era, the report states. Credit Suisse analysts noted that the overall number of individuals whose wealth exceeds $50 million also rose four percent, reaching 149,890 people.

Here is the ranking of the top ten nations where most of the world's ultra-wealthy people live.

10. Australia

The country, washed by the Indian and Pacific oceans, is the world's 13th biggest economy, while the GDP per capita ranks the country sixth among its global peers. Australia is commonly one of the first in ratings monitoring quality of life, health standards and education. Taking into consideration its favorable climatic environment, it's no surprise Australia is home to 2,910 super-rich people.

9. Canada

The country has earned a reputation of a peaceful highly developed place that is free from any ethnic unrest and internal conflicts. Canada is one the ten most actively trading nations. It is a member of the Organization for Economic Co-operation and Development, as well as the Group of Seven. The country has welcomed 3,010 people worth $50 million or more.

8. France

Nuclear and space-faring nation, France is one of the world's biggest economies. The country with huge cultural heritage has been influenced by emigration waves during its entire history. France is now a home for 3,040 super-wealthy individuals.

7. Italy

Though the Eurozone's third-largest nation has recently plunged into deep political and economic crisis, it is still home to 3,220 people whose wealth tops $50 million. Traditionally the country's regions dramatically vary when it comes to the economy. Industrially developed north is commonly set against recessionary south with a flourishing shady economy and stagnating central regions.

6. India

Over the last two decades the economy growth of this vast South Asian country reached 5.5 percent. The rise has made India one of the world's most rapidly prospering economies. The country that is rich in English-speaking professionals has recently attracted many multinational corporations. The mega-wealthy in India number 3,400.

5. Japan

Famous for its high living standards, 3,580 super-rich people call Japan their home. The country's economy is mostly driven by its banking sector, telecom industry, real estate and transport areas, retail businesses and construction sectors. The nation of huge production capability, Japan is famous for its car manufacturers, producers of electronics and steel, ship builders and chemicals and food producers.

4. Britain

The country's service sector is the key driver for its economy, accounting for nearly 75 percent of its GDP. A highly developed banking sector and relatively liberal regulation make the UK, especially its capital – London, one of the world's biggest financial hubs. So, it's not surprising that the country is a home for 4,670 ultra-wealthy residents.

3. Germany

The world leader in most industrial and technological areas, Germany is the third biggest exporter and importer of goods and services. The EU's biggest economy actively supports social welfare and a universal system of healthcare, along with environment protection and free higher education. The number of high net worth individuals living in Germany is 6,320.

2. China

The Chinese economy has been growing incessantly over the last 30 years. China has been successfully developing its own educational system. The country encourages imports of technologies that allow it to develop such progressive areas as software production, new raw materials, telecommunications, biotechnologies and health service. China is home to 16,510 super-wealthy individuals.

1. United States

The world's number one economy is the global leader in many social and economic characteristics, including average wage, human development index, GDP per capita and manufacturing productivity. The United States, whose population accounts for only 4.3 percent of the world's total, owns nearly 40 percent of global wealth. The country tops the list with 70,540 super-wealthy residents.

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Mongolia imports China's vegetables www.xinhuanet.com

HOHHOT-At dusk, 32-year-old driver Bideryar from Mongolia drove his refrigerated truck to pick up vegetables in Erenhot, North China's Inner Mongolia autonomous region, the largest port along the China-Mongolia border. "Vegetables from China have brought more choices to our dinner table, and changed our eating habits," he said. "I mainly ate meat in the past, but now, I also eat vegetables imported from China. I am healthier."

Bideryar's sister is a vegetable wholesaler in Ulan Bator, capital of Mongolia. His sister usually sends the list of vegetables needed to the salesman in Erenhot via WeChat and will be notified when the vegetables are ready, upon which Bideryar will leave Ulan Bator for Erenhot.

With a population of about 3 million, Mongolia mainly relies on China for vegetables. "In Mongolia, some people have never even seen some of the vegetables from China, but more and more Mongolians are willing to try them," said Gyiya from Mongolia.

Ganerdeni, 37, has been a driver running between Ulan Bator and Erenhot for 17 years. "I work for many vegetable wholesalers, and the need for vegetables from China in Ulan Bator is far from being met," he said.

Every day, 10 to 20 refrigerated trucks will depart from Ulan Bator and return early in the morning two days later. The fresh vegetables from China will appear on supermarket shelves at night in Ulan Bator, he said.

"But five years ago, a two-way trip would take three to four days due to the shabby dirt road. But now, with a new road built, a one-way trip only takes eight hours," he said.

Additionally, customs time for fruits and vegetables was shortened last year and made a priority to speed up the process. "It takes only several minutes for a truck carrying fruits or vegetables to be cleared by customs," said Zhang Hongwei with Erenhot customs.

Haogang fruit and vegetable import and export company is the largest of its kind between China and Mongolia. It works with over 40 supermarkets and vegetable markets in Mongolia, and exports more than 100,000 metric tons of vegetables and fruits to Mongolia every year.

According to Erenhot customs, 69,000 tons of vegetables were exported in 2017, up 20.6 percent year-on-year.

"In the past, they just bought what we sold, mainly potatoes, onions and cabbages, but now, we sell what they order," said Zhao Long, 49, general manager of the company, who has been working in the trade for more than 20 years.

One of the purchase orders from Mongolia lists 51 kinds of vegetables, 19 kinds of fruits, six kinds of fungi and two spices. "Each listing also has a photo, so if we don't know what something is, the picture can help us figure it out," he said. "For example, we get celery from Shandong, cabbages from Fujian, and onions from Yunnan."

The company has built a base of more than 70 hectares in a village in Erenhot to plant products based on the orders from Mongolia. Other companies in Erenhot are also developing e-commerce to make it possible for customers in Mongolia to receive fresh vegetables they have ordered the same day.

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Mongolian engineers making excavator dipper www.montsame.mn

Ulaanbaatar /MONTSAME/ Engineering technicians of Baganuur JSC are domestically making hoe dipper of ESH 10/70 excavator themselves. By producing the dipper at home, it is possible to reduce expense for foreign purchases by over 40 percent.

Based on their potential, the engineering technicians of the company made the first hoe dipper of ESH 10/70 excavator in June, 2017. Recently, a team of 9 people handed over the second hoe dipper, spending 3 months to make it. The first dipper was made with design according to technical specification of excavator manufactured in Russia whereas the second dipper was made with design of U.S. excavator’s dipper.

Baganuur company uses four ESH 10/70 excavators, performing on average work of 7 million 140 thousand cubic meter annually. To complete this norm, it is required to buy two hoe dippers per year. The company plans to manufacture dipper of ESH 15/90 excavator in the future.

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Why is Mongolia overdosing on antibiotics www.ozy.com

Dr. Bill Frankland, a 106-year-old allergy expert, is one of the precious few still alive to remember Alexander Fleming’s discovery of penicillin, as well as the warning that followed just eight years later. Franklin recalls, “Fleming said there would be a revolution, but doctors will overuse it, and because bacteria have to survive … they will become resistant to it.”

Fleming’s predictions came true, and the link between antimicrobial resistance and antibiotic use is well established. Countries around the world are still coming to grips with ways of rationing such drugs to limit the development of antibiotic-resistant bacterial strains. But it’s not just wealthy Western countries overusing the technology. In fact, according to a World Health Organization survey of 65 countries …

PEOPLE IN MONGOLIA ARE THE WORLD’S MOST PROLIFIC USERS OF ANTIBIOTICS, WITH AN AVERAGE OF 64.4 PEOPLE PER 1,000 ON ANTIBIOTICS ON ANY GIVEN DAY.
Not only that, but Mongolia’s usage was nearly twice as high as the runner-up, Iran, which had an average 38.78 people per 1,000 on antibiotic treatment per day. This doesn’t mean Mongolia has more antibiotics, in terms of volume — that would actually be Turkey, which consumed 1,195.69 metric tons of antibiotics in 2015 — but that those in Mongolia are the most likely to use antibiotics.

Dr. Moazzam Ali, an epidemiologist who’s researched the irrational use of drugs while based at the University of Tokyo, Japan — including the use of non-prescribed antibiotics in Mongolia — says that two of the most common uses of antibiotics in low- and middle-income developing countries is pneumonia and diarrhea. “It might be a simple flu, but they would treat it with antibiotics. This is especially the case when it comes to treating children,” he says. A 2010 study he undertook with other researchers in Mongolia found that 71 percent of children in the 503 households studied were given prescribed antibiotics, and a fifth of them had been given non-prescribed antibiotics as well. Just under half of the caregivers would give children antibiotics for a cough, fever or cold, and a survey showed they largely lacked basic knowledge about the proper use of the drugs.

WHO spokesperson Christian Lindmeier says higher antibiotic use can be attributed to the “disease pattern” in Mongolia. Respiratory and genitourinary tract infections are the first and fourth leading causes of death in the country, and people use antibiotics to treat both of them. He also cites tuberculosis as a leading problem, including multidrug-resistant strains, which he estimates were behind 8.5 percent of registered new cases of communicable diseases in 2017. “The high burden of communicable diseases contributes to the use and overuse of antibiotics,” he says.

Since 2001, it’s been illegal to supply drugs like penicillin over the counter, but it still happens. While the laws are in place, the regulatory mechanisms for oversight are fragmented and duplicated over different authorities, resulting in weak enforcement.

The number of private pharmacies in the country rose quickly after the Mongolian revolution in 1990 — a country assessment report by the Mongolian Development Research Institute indicated that between 1995 and 2004, the figure nearly increased eightfold from less than 100 to circa 800 — and the introduction of a free-market economy made drugs easier to buy, as they could be bought over the counter.

One 2013 study, by researchers at Curtin University and the Curtin Health Institute in Western Australia, that surveyed 22 pharmacies, 118 doctors and 394 patients in both rural and urban areas of Mongolia even found that practitioners themselves would wrongly prescribe antibiotics in some instances, particularly in urban centers. In rural areas, they have their own problems, with the lack of qualified doctors and drugs being difficult to access, at least the right ones. Ali notes, however, that even traditional healers, found mostly in the countryside, might use antibiotics in whatever concoction they end up making, which could include a number of other drugs.

“When you talk about antimicrobial resistance, it’s knowledge and information that matters; educational status matters,” says Ali, noting that the older generations commonly believe that antibiotics are a cure-all, regardless of whether the person’s condition actually will be helped by taking one.

According to Laura Rogers, deputy director of the Antibiotic Resistance Action Center at the Milken Institute School of Public Health, at George Washington University, doctors have noticed antibiotic resistance building for decades — but 30 years ago, they tended to operate on the belief that new antibiotics could always be created to outmaneuver the bacteria. It wasn’t until a 2014 report on antimicrobial resistance commissioned by the U.K. government that the world really woke up to the problem. And in Mongolia, awareness-raising programs — currently one of WHO’s key priorities — only really started around two years ago.

Mass education is only part of the solution, though. Other key factors would include establishing an effective drug regulatory authority to improve enforcement of the law against non-prescribed drugs and strengthening surveillance systems to get more information about patterns, trends and consumption habits. It’s not only human antibiotic use that should be monitored either: Use of antibiotics in animal feed is also widespread in Mongolia, according to WHO, a practice that has been used globally to hasten production but could have harmful effects for both animal and human health as it breeds drug-resistant germs that can then jump to humans. Livestock accounts for 83 percent of the country’s agricultural sector, and exports of meat rose an estimated 20 percent between 2017 and 2018.

Health professionals are quick to note that the message here is not for people, in Mongolia or elsewhere, to stop taking antibiotics. Countries like Burundi, which had the lowest levels of antibiotic use in the WHO survey, are setting off their own alarm bells. While the overuse of antibiotics is a critical problem, the lack of access for those who need them can’t be ignored either.

Sophia Akram, OZY Author

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Mongolia's central bank keeps key interest rate unchanged www.xinhuanet.com

ULAN BATOR, Dec. 14 (Xinhua) -- The monetary policy council of Mongolia's central bank on Friday decided to maintain the benchmark interest rate unchanged at 11 percent.

"The decision aims to stabilize inflation around the target rate of 8 percent and maintain macroeconomic stability in the medium term," Ochirkhuu Erdembileg, first deputy president of the Bank of Mongolia, said at a press conference after a council meeting.

Annual inflation was at 8.1 percent in November, Erdembileg said.

The current gradual pace of economic growth is expected to continue next year, he said.

The Bank of Mongolia decided to raise the benchmark interest rate by 1 percentage point to 11 percent in its monetary policy meeting late November, saying it was confident that inflation was near the target of 8 percent.

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Over 36,500 sign petition urging UN attention to air pollution in Mongolian capital www.xinhuanet.com

ULAN BATOR, Dec. 14 (Xinhua) -- Mongolians are lodging an online petition for the attention of the United Nations regarding the heavy air pollution in the country's capital, having gathered some 36,500 signatures within about 36 hours.

The appeal of "Death from Smog in Mongolia #HumanRights" was initiated more than 40 hours ago by an Ulan Bator resident who called himself Bat-Enkh. It was put forward on the petition website change.org.

Any petition on the website has to collect at least 50,000 signatures before it can go forward for consideration.

The air pollution in the capital of landlocked Mongolia is among the world's heaviest. The city is home to about half of the country's population of 3.2 million.

In Ulan Bator, more than 800,000 residents burn raw coal and other flammable materials to keep warm and cook meals during the six-month-long winter season, contributing 80 percent of the local air pollution.

Since the early 2000s, the Mongolian government, international donors and development organizations, including the World Bank and the Asian Development Bank, have spent millions of U.S. dollars combating the air pollution in Ulan Bator.

However, the city has yet to see significant improvements. Its air pollution on Jan. 30 this year was more than 130 times the safety level set by the World Health Organization.

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Experts warn of potential obstruction to export plan in 2019 www.zgm.mn

Analysts of the economist club of Bloomberg TV Mongolia warn of potential risk in meeting export and budget revenue plans driven by prices of key export commodities and border situation that could affect the economy in 2019.

Bloomberg economists suggested the need to immediately settle infrastructure issues to boost budget revenue. Within this frame, holding talks with the People’s Republic of China and reaching deals on improving the entry capacity at the border, stimulating transports and establishing the second major border checkpoint.

Economists are predicting coal price to fall by around USD 14 in 2019. Mongolia exported a total of 2.5 million tons of coal in November, which is the lowest amount in the last nine months. This decrease was mainly affected by China’s renovation at the border, causing temporary interruption for coal transport. Additionally, World Bank Group, Bloomberg and Bree released their outlook on coal price in 2019.

As for budget expense, the bloomberg experts highlighted the risk that half of investment expenditure would flow into import. Thus, analysts recommended to take preventive measures on import growth and set the implementation schedules apart to cut budget expense.

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Mongolia's crime cases up 14.6 pct in first 11 months www.xinhuanet.com

ULAN BATOR, Dec. 13 (Xinhua) -- The number of crime cases in Mongolia in the first 11 months of the year increased 14.6 percent from the same period last year, according to official statistics released on Thursday.

There were a total of 33,900 registered crime cases in Mongolia in the January-November period, up from 29,600 cases in the same period last year, the statistics from the country's National Statistical Office showed.

Some cases recorded large increases during the period. The number of fraud cases rose by 83.2 percent, robbery by 37.1 percent and embezzlement by 56.9 percent.

In the first 11 months, a total of 30,600 people became victims of crime, 48.6 percent of whom were children and women.

The crime rate per 10,000 people aged 18 or older was 165 in the period mentioned, up 12.2 percent year-on-year. Enditem

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Canadian coal plants to be phased out by 2030 www.mining.com

The federal government of Canada announced on Dec. 12, 2018, that traditional coal-fired electric generation plans will be phased out by 2030. Greenhouse gas regulations for natural gas-fired generating stations was also published.

The government says it wants to have 90% of this country’s electricity generated from non-emitting sources. It estimates that carbon pollution from the electricity sector will be cut by 12.8 million tonnes.

Earlier this year, Canada launched a task force for coal power workers and communities to better understand the impacts of the phase-out and how to minimize them, including funding for skills development, economic diversification, and transition centres.

Copies of both regulations were published on Dec. 12 in the Canada Gazette, Part II.

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