1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

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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UNESCO to provide policy support for Mongolian economy www.montsame.mn

Ulaanbaatar /MONTSAME/ J.Batsuuri, Minister of Education, Culture, Science and Sports received Prof. Dr. Shahbaz Khan, the Director of the UNESCO Cluster Office in Jakarta and Regional Bureau for Science in Asia and the Pacific.

Prof. Dr. Shahbaz was the Chief of Section on Sustainable Water Resources Development and Management at UNESCO, Paris in 2008. Dr. Shahbaz was appointed as the Deputy Director and Senior Program Specialist at the UNESCO Office in Jakarta in 2012. Since 215, he has been entrusted with the Officer-in-Charge functions of the UNESCO Office in Jakarta.

During the meeting, the sides exchanged views on further cooperation opportunities in science, technology and innovation sectors and negotiated on future cooperation. On behalf of UNESCO, Dr. Shahbaz expressed UNESCO’s intention to provide policy support in creating a knowledge-based economy in Mongolia.

Prof. Dr. Shahbaz visited Mongolia in order to attend the Innovation Forum held by the Ministry of Education, Culture, Science and Sports on the occasion of the annual “Innovation Week 2017” event.

Previously, the Ministry of Education, Culture, Science and Sports prepared the Science and Technology Master Plan of Mongolia, 2007-2020 with UNESCO Cluster Office in Beijing and Jakarta, along with Science and Technology Policy Asian Network.

B.Tugsbilig

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RZD and FELB increase number of container trains though Mongolia www.railwaypro.com

RZD Logistics along with its subsidiary company Far East Land Bridge (FELB) and in partnership with TransContainer has started to send transit container trains through Naushki border point (Mongolia) twice as often, the number of train sets being increased by two in a week.
The trains start in Changsha (China) and go through the territory of Mongolia, Russia, Belarus and Poland to Hamburg (Germany). The average travel time from the departure station to the destination station is 14 days with the route length being 10,390 km. Container trains have a standard length of 57 conditional cars.
This way of forwarding showed that the transit service across Mongolia is beneficial pricewise and in relation to delivery time, being competitive in comparison to railway routes through different border points and to cargo delivery by other transport modes in general. RZD Logistics and FELB provide logistic support for the service, while rolling stock and containers are provided by TransContainer.

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GCF begins funds transfer to Mongolia’s XacBank greenclimate.fund

The Green Climate Fund has completed the initial tranche of a USD 20 million financing package to XacBank, a leading lender in Mongolia.

A major part of GCF’s opening financial transfer will raise awareness about the potential of tackling climate change in the country’s fledgling low-carbon energy sector. It will help XacBank train entrepreneurs find new business opportunities in this sector and compile a list of best-available technologies in renewable energy and energy efficiency to provide investment assurance.

Anand Batsukh, a senior project development officer at XacBank, said GCF assistance will help XacBank complement the Mongolian Government’s efforts to mainstream energy usage as the first step towards boosting energy efficiency and renewable energy.

The Mongolian Government is encouraging citizens to derive their energy from electric power grids. A significant proportion of the population currently burns low-quality coal in their homes for heating and cooking.

This problem is particularly acute in Mongolia’s capital, Ulan Bator, home to one of the highest air pollution levels on the planet. The Mongolian Government has been stepping up moves to tackle deteriorating air quality and climate change simultaneously during the past three months, Mr. Batsukh said.

“Increasingly, Mongolian people are drawing the link between climate change and air pollution,” he explained. “People are becoming more concerned as the air quality here has been particularly bad this year.”

GCF’s transfer of a USD 500,000 grant to XacBank marks the first phase of a GCF Board-approved funding proposal to enhance the bank’s ability to support micro, small and medium-sized enterprises (MSMEs) finance low-carbon initiatives.

At least 50 percent of the beneficiaries of this programme are expected to be women-led MSMEs. GCF’s total contribution of USD 20 million is being blended with other climate finance sources to help kick start Mongolia’s low-carbon energy sector as part of a five-year, USD 60 million programme.

XacBank has been a pioneer in generating Mongolia’s sustainable development since becoming the country’s first and only bank specializing in eco-banking in 2009. It has been shifting its focus to supporting large-scale renewable energy projects since GCF accredited it as a direct access entity in October 2016.

Keep an eye on the GCF website to learn about the completion of GCF’s climate finance to XacBank, expected by next month.

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New Zealand ratifies TPP www.nhk.or.jp

New Zealand has ratified the Trans-Pacific Partnership free trade agreement, becoming the second country to do so after Japan.

New Zealand's Cabinet made the decision on Thursday, completing domestic procedures for ratification.

The country insists that the TPP be implemented even though the United States pulled out of the pact in January.

Trade Minister Todd McClay said in a statement that the pact remains valuable both economically and strategically.

He said New Zealand is still actively exploring alternative options for the TPP and expects other TPP partners to also ratify in the coming months.

The trade deal was initially signed by 12 nations, including the US, which later withdrew. Ministers from the other 11 nations will discuss the deal in a meeting in Vietnam on May 21st.

Ahead of the gathering, New Zealand Prime Minister Bill English will meet his Japanese counterpart Shinzo Abe during his visit to Japan next week.

English said a focus at the summit will be strengthening bilateral trade and economic links, including through the TPP.

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New regulations looming for bitcoin trading in China www.rt.com

 
Beijing is expected to issue new rules for bitcoin trading in China next month as the cryptocurrency’s price on the country’s trading platforms keeps hitting new highs.
 
Bobby YipBeijing threatens to shut down bitcoin exchanges
According to a Beijing-based media company Caixin citing anonymous sources; the People’s Bank of China (PBOC) is considering two regulations on the management of bitcoin trading platforms to prevent them from becoming money laundering sites.
 
Analysts say the new measures may apply to foreign exchange and financing activities. Bitcoin traders may also be required to register with their real names.
 
The regulator recently inspected domestic trading platforms after warning they risk being closed if found violating the country’s currency regulations. It is attempting to curb capital outflow following fears of continued weakness in the domestic currency.
 
“There needs to be a clear bottom line for the management of bitcoin trading platforms and websites. A blacklist should also be set up. Activities such as trading or financing on margin and market measures such as commission-free trading must be banned,” said Zhou Xuedong, Operations Director at the PBOC.
 
China accounts for about 90 percent of all bitcoin trading on exchanges. The country has strict capital controls, which makes it difficult for Chinese citizens to convert the yuan into foreign currency and limits the amount of cash investors can move abroad.
 
This has pushed Chinese investors to use the digital currency as a way to circumvent capital controls and minimize risk from the falling value of the domestic currency.
 
Demand for the virtual currency in China has been rising recently. As the world’s best-performing currency, bitcoin, set a new all-time high on Thursday, trading at over $1,800 to the US dollar.
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Mongolia to expand mine exploration www.akipress.com

AKIPRESS.COM - The Mongolian Mining Minister has announced that exploration in the country will be expanded, with the hope of attracting international investment and growing the economy, reports news.mn.

Mongolia is a mineral-rich country boasting large copper, gold and coal deposits; however, until recently just 9.6% of its land was available for prospecting. But this is about to change, as the Mongolian Mining Minister Dashdorj Tsedev announced in early March that 20.9% of the country will soon be opened up for exploration.

This will allow Mongolia to profit from its estimated 162 billion metric tonnes of coal, an amount which puts it within the top 15 coal rich countries in the world. The coal is distributed across 1.5 million sq km relatively evenly, but it differs in quality. The biggest proven reserve lies within the South Gobi desert where 6.4 billion tons of coal is located, of which 40% is high quality coking coal making it a likely key area for further exploration.

As well as coal, more than 120,000 tons of copper are mined in Mongolia annually, which will increase as the metal becomes an ever more sought after resource. The country is ranked 12th in the world for copper researches, with 35 million tonnes (Mt) of copper located in the South Gobi desert alone.

Mongolia is seeking to shore up its economy following an International Monetary Fund (IMF) led bailout earlier this year. A stabilisation package of $5.5bn is being provided by the Asian Development Bank, World Bank and bilateral partners, including Japan and South Korea and the People’s Bank of China.

Oyu Tolgoi is one of the biggest copper-gold mines in the world, but there are several other well-established deposits in Mongolia yielding these minerals, including Centerra Gold’s Boroo mine. Alongside these are many coal mines where mostly coking coal is excavated. According to the Mongolian Government Agency for Land Minerals and Oil, coal production and exports are already up this year, and “mining increasing by 165.8% compared to the same period last year, sales by 203.56% and export performance by 48.5%”.

Currently, Mongolia generates 95% of its energy from coal, making it an essential resource. 60% of the Mongolian population lives within the capital city, Ulaanbaatar, the constant development of which requires increasing amounts of energy ensuring its coal reliance continues.

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Mongolia: Constitutional Reform Discussed www.loc.gov

(May 10, 2017) On April 29 and 30, 2017, Mongolia held a “deliberative polling” event to discuss constitutional reform. Although no decisions were made, several recommendations were issued, including a proposal to restructure the current unicameral legislature, the Great State Hural. The 76-member Great State Hural is described in the Constitution as “the highest organ of State power” with exclusive legislative authority. (Mongolians Discuss Constitutional Reform, NEWS.MN (May 1, 2017); Mongolia’s Constitution of 1992 with Amendments Through 2001 (Constitution), arts. 20 & 21(1), CONSTITUTE PROJECT.)

The April event was the first such deliberation on constitutional reform in Mongolia. The participants, 740 in number, were randomly selected. (Mongolians Discuss Constitutional Reform, supra.) “Deliberative polling” is a form of political consultation that consists of a random group of citizens from all walks of life coming together to discuss issues of national importance, with the goal of assisting lawmakers in their decision-making. (Id.; see also Sean Gray, Deliberative Polling, PARTICIPEDIA (Nov. 6, 2009).)

The recommendations made last month include:

maintaining the current balance of power between the legislature and the executive branches of government;
strengthening the unity of the country;
consolidating how local administration is structured;
developing a professional, independent civil service;
strengthening the judiciary to improve the legal structure; and
creating a bicameral legislature that would include the State Great Hural and the State Congress. (Mongolians Discuss Constitutional Reform, supra.)
Mongolia’s current Constitution was adopted in 1992 and was amended in 1999 and 2001. (Constitution.) It specifies that amendments can be made through a two-step process. Proposed amendments are submitted to the legislature by the Constitutional Court. If supported by at least two-thirds of the legislature, the proposed amendment is voted on in a national referendum. (Id. art. 68.)

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BHP Billiton puts Cerro Colorado copper mine in Chile on the block www.mining.com

 
BHP Billiton (ASX:BHP) (LON:BLT) confirmed Wednesday it had begun a sale process for its Cerro Colorado mine, one of its smaller Chilean copper operations, though it said it’s just evaluating the options and that no decision have been made.
 
Workers at the operation, in the northern Tarapacá Region, temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs, local paper El Mercurio reports (in Spanish).
 
Markets rumours point at Chile's Empresas Copec, an oil major trying to diversify into copper, and Canada’s Lundin Mining (TSX:LUN) as possible buyers.
 
From the 5.5 million tonnes of copper top producer Chile generated last year, Cerro Colorado contributed 74,000 tonnes. The operation, part of BHP’s Pampa Norte division, is estimated to run out of ore by 2023.
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Development road program backed www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On May 10, the cabinet approved the Development Road Program, which will aim at intensifying the developments in sectors of road, transport, energy, communication, mining, industry and tourism, connecting Mongolia with other countries by better infrastructure, eliminating trade barriers and reducing transport costs of goods.
 
Related ministers were tasked to reflect general guidelines of actions and annual expenditures into the Government Budget, plan of foreign governments’ and international organizations’ credits and assistances, and to seek to raise funds from public and private partnerships.
 
The government expects from implementation of the program an increased investment in infrastructural projects and community developments, upgrade of extractive industries, increased amount of workplaces, improved living condition and increased GDP.
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Investment management company to be established www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on May 10, Wednesday, the Cabinet assigned Chairman of Board of Development Bank to establish and adopt the regulations for a subsidiary under the bank, designated to generate investment funds which will finance projects augmenting economic growth.
 
By generating an investment fund, the Cabinet views, value-added production and new services based on mining, agriculture, food and light industry will be facilitated, increasing employment.
 
In addition to loan repayment risks, there are necessities to expand the middle-class; increase saving; manufacture value-added products, including supporting export of agriculture and light industry sectors; improve mining infrastructure and diversify the economy which lead to the establishment of the investment fund.
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