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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Gold rebounds on North Korea’s nuclear testing, Fed minutes in focus www.mining.com

Gold prices picked up Wednesday on North Korea's successful test-launch of an intercontinental ballistic missile, and gloomy US economic data.

Bullion rose as high as $1,228.40 an ounce after US secretary of state Rex Tillerson said last night North Korea’s test represented "a new escalation of the threat" to the country and its allies.

The metal was trading slightly down last at $1,223.60 per ounce, while investors were awaiting the release of minutes from the US Federal Reserve’s June meeting, due Wednesday afternoon shortly after gold futures settle.

The market was also looking ahead to employment data on Friday that could influence the pace of rate rises.

In the nearer term, analysts at Commerzbank said technical support for gold was around its May low of $1,214.

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Mongolia calls for Northeast Asian countries to hold security dialogue www.montsame.mn

Ulaanbaatar /MONTSAME/ Under the theme “25 years of CICA: For Asian Security and Development”, the second non-governmental forum of Conference on Interaction and Conference-Building Measures in Asia (CICA) took place in Beijing, China on June 28-29. The forum was attended by over 300 delegates including CICA member states, observer states (organizations) and concerned countries in the region and discussed issues such as security situations in Asia, on how to achieve common, comprehensive, cooperative and sustainable security in Asia and jointly build the Belt and Road.

Within the framework of the forum, eight roundtable panels focusing on the Asian security situation was held, such as the implementation of the United Nations 2030 Agenda for Sustainable Development, anti-terrorism cooperation, cyberspace security, addressing climate change, financial security, the role of the CICA Non-governmental Forum, and the role of the media. Also, Director of International Relations’ Department of Mongolian Academy of Sciences PhD. J.Bayasakh held a discussion on “Northeast Asian Security and Mongolia’s Contribution in the Region” during the roundtable panel on anti-terrorism cooperation. 

“Northeast Asia’s security is still delicate. The issues are both bilateral (Japan-Russia, Japan-China, China-Vietnam) and multilateral (China-ASEAN). And this is only Mongolia in the region which faces no challenges in terms of security. Owing to its geographical location and foreign relationship potentials, Mongolia is pursuing soft power policy in the region, and in taking advantage of its neutrality position it calls other regional countries for holding security dialogues” said PhD. J.Bayasakh during his presentation.

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Hungary & Gazprom agree gas supplies via Turkish Stream pipeline www.rt.com

Russian energy major Gazprom has signed an agreement with Hungary to deliver gas via the Turkish Stream pipeline, the MTI news agency reported, citing Hungary’s Foreign Minister Peter Szijjarto.

He said the Turkish Stream branch to Hungary would be completed by the end of 2019. Budapest sees Turkish Stream gas supplies as the best option because other routes, across Romania and Croatia, are at an early stage, the foreign minister added.

"This will improve Hungary's energy security a great deal, so it is in our strategic interest for this cooperation to start," said Szijjarto.

The Turkish Stream gas pipeline will consist of two branches. The first with a maximum capacity of 15.75 billion cubic meters, is expected to be finished in 2018 and to deliver Russian natural gas directly to Turkey. The second branch is supposed to deliver gas to European customers.

Russia accounts for over 75 percent of oil and 60 percent of gas consumption in Hungary which is supplied via Ukraine.

The Prime Minister of Hungary Viktor Orban said earlier his country would prefer to diversify the delivery method, including via the Nord Stream or Turkish Stream pipelines.

In February during a state visit to Hungary Russian President Vladimir Putin guaranteed the country would receive the contracted amount of oil and gas, and confirmed deliveries using northern and southern routes were also possible. He said that Nord Stream-2 could deliver gas to Hungary through Slovakia and Austria.

"We are studying all these possibilities, but can say for sure: Russian gas will reliably come to the Hungarian market, it is a hundred percent probability," Putin told Orban.

Gazprom CEO Aleksey Miller announced the start of the Turkish Stream pipeline construction in May. He said that “by late 2019 our Turkish and European consumers will have a new, reliable source of Russian gas imports.”

The Turkish Stream project was signed by Putin and his Turkish counterpart Recep Tayyip Erdogan in October 2016. Its total cost was estimated at €11.4 billion ($12.9 billion).

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Drilling Rig Contract Signed, Drilling Targets identified www.petromatadgroup.com

Petro Matad, the AIM quoted Mongolian oil explorer announces that further to the press release on 31 May 2017, a comprehensive drilling contract has now been signed with SINOPEC INTERNATIONAL PETROLEUM SERVICE MONGOLIA CO. LTD ("Sinopec") and that the initial drilling targets have been selected.

2017 exploration drilling programme

The first exploration well will be located on the Irves (Snow Leopard) prospect in the Taats Basin of Block V and will spud in September 2017. The well will be drilled to a total depth of 3150 m and have an expected duration of 50 days. The Irves prospect comprises a series of tilted fault blocks, with multiple stacked reservoir targets, and has an estimated potential of 160 million barrels of oil-in-place (mean-case) and an upside of 350 million barrels of oil-in-place.

Irves-1 is an important 'basin and play opening' well. It will be the first deep exploration well drilled in Central Mongolia to test the hydrocarbon potential of the highly prolific Early Cretaceous 'syn-rift' play already proven in neighbouring Chinese and eastern Mongolian basins. Success at Irves-1 would open the Taats Basin for further exploration and potentially access over 1.8 billion barrels oil-in-place (mid-case estimate).

Once the Irves-1 well has been completed, the rig will mobilise to the second well location, which is the Takhi (Wild Horse) prospect within the Baatsagaan Basin of Block IV. Takhi-1 will be a shallower exploration well, with a total depth of 1850m and an expected duration of approximately 20 days. The Takhi prospect comprises a large faulted anticline with several stacked reservoir objectives. The well is designed to target 280 million barrels of oil-in-place (mean-case), and has an upside case exceeding 650 million barrels of oil-in-place. Success at Takhi-1 would likewise, open the Baatsagaan Basin for further exploration and potentially access over 1.2 billion barrels oil-in-place (mid-case estimate).

For both the Irves and Takhi prospects there is significant stratigraphic upside potential, which is not included in the prospect volumes stated above. More details on the drilling targets will be provided nearer the commencement of drilling operations.

The Taats and Baatsagaan basins are just 2 basins out of a total of 12 basins that the Company has identified within Blocks IV and V. Petro Matad has so far mapped over 65 structural prospects and leads across these basins and based on these alone the 12 basins have the potential to contain over 20 billion barrels of oil in place. These basins may also offer significant upside potential from stratigraphic traps and unconventional oil plays. All volumes are the Company's internal estimates.

Further announcements will be made on progress leading up to the spud of the first well.

Ridvan Karpuz, the CEO of Petro Matad, said:

"I am very pleased to have executed the rig contract which is a significant milestone as we head toward exploratory drilling later in 2017. With the signature of the agreement with Sinopec, the Company is now poised to deliver on its commitment to undertake a high impact exploration drilling programme in 2017."

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Korea Tourism Organization opens Mongolia office www.koreatimes.co.kr

The Korea Tourism Organization (KTO) opened an office in Mongolia, Tuesday, as part of its efforts to diversify the country's tourism market beyond neighboring China and Japan.

The KTO said it held an opening ceremony at the office in Ulaanbaatar, Mongolia's capital, in which 150 government officials from both countries, local travel agents and medical officials attended to strengthen their ties.

According to the KTO, the number of Mongolian visitors has increased rapidly over the past five years. In 2016, 79,165 Mongolians came to Korea, and 20 percent of them did so to get medical treatment.

Gantogoo Sergelen, who became a singer after winning the Migrants' Arirang Multicultural Festival in Korea last year, was appointed as the KTO's honorary ambassador.

The KTO said more than 17.2 million foreigners visited Korea last year. Nearly half of them were Chinese (8 million), followed by Japanese (2.3 million).

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Russia & China sign $10bn investment fund to ease ruble-yuan settlements www.rt.com

The Russian Direct Investment Fund and the China Development Bank (CDB) have agreed to establish a Russian-Chinese investment fund worth 68 billion yuan ($10 billion).

The agreement was signed at a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping, who is in Russia on an official visit.

The new fund, to be called the Russia-China RMB Cooperation Fund, was created to make settlements in ruble and yuan. Both Moscow and Beijing have repeatedly talked about the importance of payments in local currencies for bilateral trade.

The money will be used on infrastructure projects in Russia and China. Particularly to projects linked to One Belt One Road (the 21st-century Maritime Silk Road) scheme and the Eurasian Economic Union.

"The Russian-Chinese investment cooperation fund in yuan will be a major stage in China-Russia investment partnership, supported by the governments of both countries, which will stimulate the growth of direct investment between the countries and promote a significant increase in the number of Russian-Chinese projects," said CDB Chairman Hu Huaibang.

"We are pleased to announce a partnership with the China Development Bank and provide an opportunity for Chinese investors to invest in their national currency. It will give a powerful impetus to increase the volume of cross-border direct investment and significantly increase the number of jointly implemented projects," said Russian Direct Investment Fund chief Kirill Dmitriev.

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Mongolia seeks to buy public buses on South Korean loan www.akipress.com

AKIPRESS.COM - Cabinet authorized Finance Minister of Mongolia B.Choijilsuren to conclude a loan agreement with South Korea during its Tuesday session in Ulaanbaatar, state media report.

Mongolia is implementing a project to support international public transport services on a soft loan from the Export-Import Bank of Korea, Montsame reports. 

The loan agreement finances the import of the 43 buses that Mongolia has received and the second batch of buses yet to be imported.

Mongolia hasn’t reformed its international and intercity public transport sector since 1987.

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Mongolia Energy Corp Ltd (0276.HK) Shares Moving On Volume www.claytonnewsreview.com

Mongolia Energy Corp Ltd (0276.HK) shares are moving today on volatility -5.22% or $-0.012 from the open. The HKSE listed company saw a recent bid of $0.218 and 606750 shares have traded hands in the session.

Investors are typically looking for any little advantage when it comes to the equity markets. Investors often have to figure out not only how certain companies are faring, but also how the overall global economic landscape is shaping up. Focusing in on the proper economic data can help detect overall trends in the economy. Investors who are able to hone their analytical skills might be able to put themselves in a much better position to achieve success. Being able to process and organize all of the different types of financial information that is constantly being thrown around may be a great asset to the individual trader and investor. The amount of information floating around in today’s investing climate is enormous. Zooming in on the most pertinent information can help keep things manageable.

Taking a deeper look into the technical levels of Mongolia Energy Corp Ltd (0276.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -106.67. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Mongolia Energy Corp Ltd (0276.HK) currently has a 14-day Commodity Channel Index (CCI) of -121.70. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Mongolia Energy Corp Ltd’s 14-day RSI is currently at 38.07, the 7-day stands at 33.06, and the 3-day is sitting at 26.90.

Currently, the 14-day ADX for Mongolia Energy Corp Ltd (0276.HK) is sitting at 18.80. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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Former Glencore traders to launch concentrates trading platform www.mining.com

A team of former traders from Glencore (LON:GLEN) will launch Wednesday an online platform to connect miners with customers such as smelters and sign deals without the need of brokers.

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

Open Mineral will focus first on gold, silver, copper, zinc and lead concentrates.
The platform will focus first on gold, silver, copper, zinc and lead, which represent a combined market worth about $50 billion.

Smelters and miners could potentially boost returns by millions of dollars by dealing directly in the concentrate market, which is inefficient and opaque, chief executive Boris Eykher told Reuters.

Open Mineral will also provide trade services such as transportation, surveying, assaying and insurance.

Since annual concentrate deals for the year are already set, the new online tool will target spot and 2018 contracts, which are due to be negotiated before the end of the year.

Open Mineral is not the first attempt to take the trading of metals from the physical to the online world. Last month, the former chief executive officer of the London Metals Exchange launched an alternative electronic trading platform for metals.

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Foreign minister Ts. Munkh-Orgil receives ambassador of Canada Ed Jager www.montsame.mn

Ulaanbaatar /MONTSAME/ On July 4, Ts.Munkh-Orgil, Minister for Foreign Affairs of Mongolia received Ed Jager, Ambassador of Canada to Mongolia upon finishing his tenure in Mongolia.

Foreign Minister Ts.Munkh-Orgil appreciated returning Ambassador Ed Jager for his valuable contributions to the development of bilateral relations between Mongolia and Canada during his tenure in Mongolia and expressed his gratitude for continuously intensifying relations and cooperation. Moreover, mentioning that Mongolia and Canada have broad potential to cooperate in the agricultural field, FM expressed his confidence that Canadian Ambassador will keep supporting to develop bilateral ties and wished success for the Ambassador in his future endeavours.

In turn, Ambassador Ed Jager noted his thankfulness for the growing and strengthening relations and cooperation between Mongolia and Canada. Also, he expressed his willingness to develop Mongolia-Canada cooperation and support each other within the frames of international organizations.

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