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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China may finance Russia’s natural gas pipeline to Europe www.rt.com

Gazprom’s Nord Stream 2 pipeline may get Chinese financing if European companies are forced out of the project by the latest round of US sanctions, business daily Vedomosti reports.

“Nord Stream 2 has a good rate of return and low risks for creditors. Chinese banks may be interested," explains Aleksey Grivach, deputy CEO at Russia's National Energy Security Fund.

The extension will double the existing pipeline which delivers natural gas to Germany under the Baltic Sea and is estimated to cost €9.5 billion.

Initially, Engie, OMV, Royal Dutch Shell, Uniper, and Wintershall were to get a 50 percent stake minus one share in Nord Stream 2. However, red tape at the European Commission made Gazprom and its partners come up with another financing option. Under this plan, European companies will each provide an equal long-term loan to Gazprom, which will fully own the pipeline.

Financing of Nord Stream 2 may be affected by new US sanctions which target firms investing in Russian gas and oil projects. According to the new bill passed by the US Senate, and currently, before the House of Representatives, companies will be forbidden from making investments of over $1 million in the Russian energy sector.

On Wednesday, Russian President Vladimir Putin met the CEO of Royal Dutch Shell, Ben van Beurden. Among other things, they discussed Nord Stream 2. Van Beurden told Interfax the new project "will be realized for the benefit of all parties - both Europeans and the Russian Federation."

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Construction of UB - Mandalgobi electric line and sub-station starts www.montsame.mn

Ulaanbaatar /MONTSAME/ Construction of electric line between Ulaanbaatar and Mandalgobi and its sub-station, which targets to export electricity to China, started as the project launching ceremony took place this week. The project will be financed within general loan agreement of USD1 billion between Government of Mongolia and Export-Import Bank of the People’s Republic of China, established on November 10, 2015. TBEA Group of China will construct the line and sub-station as it won the bid. 

The project is significant for the improvement of electricity and heat supply and reliability for the domestic needs, which are increasing year by year, for providing technical conditions to support new electricity source of Oyu Tolgoi and Tavan Tolgoi mines and further export electricity to China.

TBEA Group Co., Ltd., through its subsidiaries, manufactures and sells transformers and wire and cable products. It also offers heavy engineering construction services, including construction of Tajikistan's north-south 500 kV transmission lines and 220 kV substation. In addition, it engages in goods and technology import and export business; economic information consulting services; investment metal materials, machinery equipment and accessories, sales of building materials; owned business transformer accessories; metal castings, rubber products, plastic products, electronic products, hardware, chemical products production and sales; electroplating process; and renewable materials recycling.

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Project commences for increasing Mongolia's place in regional power distribution www.montsame.mn

Ulaanbaatar /MONTSAME/ A Technical Assistance Project on Strategy of Northeastern Asian General Power Grid Network has commenced implementation at the initiative of the Mongolian Ministry of Energy and the Asian Development Bank. The project research will focus on the details of how to connect Mongolian energy resources with the power grids of other countries in the region. Electricite De France, a leading electric utility company of Europe, is executing the research.

Six meetings will be organized in the course of implementation of the 25-month project, with attendance of counterparts from China, Russia, Japan and South Korea.

These meetings are of great significance in increasing the share of clean energy in the regional power grid, improving efficiency and the understanding between the counterparts. A general image of the regional power grid with enormous contribution by the rich renewable energy sources of Mongolia is expected to become visible with the mobilization of this project.

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British luxury smartphone maker to use Chinese chips www.chinadaily.com.cn

Vertu, one of the world's leading manufacturers of luxury mobile phones, has announced that it has signed an agreement with TCL Communication.

This is the first agreement signed by Vertu since the company was purchased by entrepreneur Hakan Uzan in mid-March of 2017. This agreement, worth $40 million, will enable Vertu to "use advanced and innovative technology from TCL Communication for 30,000 handcrafted Vertu phones".

Speaking from the new corporate offices of Vertu AK France in Paris, Hakan commented, "We are delighted to have signed this agreement with TCL Communication. It is the first of many, considerable investments we are making into the business. TCL Communication is a valued partner of Vertu and we hope that this will be the start of a prosperous new chapter in our relationship."

Today's announcement is seen as a first step in helping Vertu enable its full potential as a powerful global brand. Under new patronage and the leadership of Hakan, Vertu is going through a substantial restructuring and modernisation of all its business units, whilst preserving the heritage and craftsmanship it is renowned for around the world.

"Customers will have access to limited, special edition Constellation X products as soon as mid-July, with full ramp up by early September. The new generation of Vertu Concierge Services will start being introduced in mid-July in limited markets, with a new wide ranging portfolio of Vertu Life Style Products becoming available in Vertu Boutiques in early September," Hakan added.

"As a leading smartphone innovator, TCL Communication is very pleased to extend our successful relationship with Vertu," said Alain Lejeune, Senior Vice President of TCL Communication. "Combining our advanced smart phone technology with Vertu's superb craftsmanship and commitment to superior design and performance, it will help create an outstanding experience for its discerning customers."

Vertu AK France, the parent company, is aiming to launch new services and products in September, alongside announcing several exclusive luxury partnerships with leading global brands. The new products will be sold in the key luxury markets of France, UK, China, Asia, Russia, Western Europe and the Middle East.

While the company has moved its corporate offices to Paris, all Vertu products are designed and manufactured in the UK, with around 90 percent destined for export markets. The company has operated from its Hampshire base since 2000, shipping its first phone in 2002. To date, Vertu has sold more than 500,000 devices worldwide. The new Vertu phones have an entry selling price of 7,500 pounds and the company has more than 225,000 registered users.

One Vertu phone, the Signature Cobra, is on sale for $350,000. The highlight of the Vertu Signature Cobra feature phone is that it has been designed by a France-based jewellery brand, Boucheron. Other highlights of the new Vertu phone include the 439 rubies inlaid in the device, fitted in a cobra design. As the name suggests, the phone features a cobra design around the front and the eyes are 2 emerald stones.

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US calls for Japan beef concessions www3.nhk.or.jp

US Trade Representative Robert Lighthizer has urged Japan to make concessions on beef imports as part of efforts to reduce the US trade deficit.

In a hearing at the Senate finance committee, Lighthizer referred to Japan as an important target for bilateral trade talks. Japan's trade surplus with the US stood at $68.9 billion dollars last year.

At a Senate confirmation hearing in March, he said Japan would be a "primary target" for more open access for US farm products.

The Trump administration is applying pressure on trade partners for greater market access, while at the same time making noise about protectionist policies.

The US says cheap imports of steel and other products are posing a threat to US security, including the defense industry.

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World’s top coal producer to close 37 mines www.mining.com

Coal India, the world’s largest producer of the fossil fuel, is closing 37 mines before March next year as it said they are no longer economically viable due to increasing competition from renewable energy sources.

The state-run company, responsible for about 82% of India's total coal output, said the closures would save around 8 billion rupees ($124 million), The Telegraph India reported.

The country has also announced it will not build any more coal plants after 2022 and predicts renewables to account for more than half its power by 2027.

Only last month, New Delhi cancelled plans to build nearly 14 gigawatts of coal-fired power stations, which according to Tim Buckley, analyst at the Institute for Energy Economics and Financial Analysis, will have “profound” ramifications for global energy markets.

“India’s solar tariffs have literally been free falling in recent months,” he wrote.

At the same time that solar becomes cheaper, the cost of coal power is rising in India as local mines face mounting costs and tougher environmental regulations, a report by Bloomberg New Energy Finance said earlier this month. Falling demand is also an issue.

India’s solar-generation capacity is expected to touch 8.8 gigawatts (GW) this year to become the third-largest solar market in the world, according to renewable energy consultancy Bridge To India (BTI). At the end of 2016 India had just 7.5 gigawatts.

The nation has set itself some of the world’s most ambitious targets for installing new solar power capacity, with prime minister Narendra Modi aiming for 100 gigawatts of solar power by 2022.

The pace of new solar installations has picked up in recent months as equipment prices have plummeted.

As a result, consulting firm Ernst & Young recently said India has become the world’s second best market for investing in renewable energy, after China.

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Mongolia to establish diplomatic relations with Belize www.montsame.mn

Ulaanbaatar /MONTSAME/ A joint communique on the establishment of diplomatic relations between Mongolia and Belize was signed on June 20 within the framework of Mongolia's goal to establish diplomatic relations with all UN member states. S.Sukhbold, Ambassador Extraordinary and Plenipotentiary and Permanent Representative of Mongolia to the United Nations, and Lois Michele Young, Permanent Representative of Belize to the UN signed the document in New York. 

The sides agreed to adhere to the Vienna Convention on Diplomatic Relations, Charter of the UN and international legal principles and norms under a mutual aspiration to develop and strengthen friendly relations and cooperation. They also expressed their concurrence with Mongolia and Belize will enjoy more opportunities to mutually support and cooperate with each other in the scope of the bilateral ties and international organizations after establishing diplomatic relations.

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Erdenet-Ovoot railroad construction begins www.montsame.mn

Ulaanbaatar /MONTSAME/ Construction of 547 km railroad connecting Erdenet city, Orkhon aimag with Ovoot mine, Khuvsgul aimag began.

Freight up to 30 million tons per year will be transported through the railroad which lays the foundation for Asia-Europe economic corridor. The railroad is considered to be of critical importance in the revival of Mongolian economy.

Minister of Road and Transport Development D.Ganbat, Members of Parliament D.Damba-Ochir and O.Sodbileg, Trade Representative of the Russian Federation to Mongolia M.L.Vasiliev attended the ground-breaking ceremony held on June 20.

Russian Trade Representative Mr. Vasiliev said, “The trilateral economic corridor agreement between Russia, Mongolia and China is being realized”. He remarked on the railroad’s economic and political importance to the three countries and potential to solve international issues.

Northern Railways LLC is executing the construction work worth USD 1.3 billion.

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China may finance Russia–Mongolia 55 bln rbl power line www.1prime.biz

LONDON, Jun 21 (PRIME) -- China may finance construction of a 55 billion ruble power transmission line from Russia to Mongolia, Oleg Budargin, CEO of state power holding Rosseti, told reporters on Wednesday on the sidelines of Russia Calling business forum.

“This is a mutually beneficial project. It is profitable to establish connection between power systems of the East and Siberia. The Transit-500 project has an estimated cost of about 55 billion rubles. But it is only about our profit, the project will need further development to provide Mongolia with reliable power exports,” he said.

The power bridge may ensure supplies to five isolated power systems of Mongolia, and a distribution grid should be constructed in the country.

“It needs financing. My colleagues and I are preparing a plan for development of the power industry with Mongolian power experts, the French are also a part of this. It will be clear by the end of the year. Representatives of China, Russia and Mongolia may participate in financing of the project,” he said.

Mongolia plans to build a dam on the Selenga River which flows into the Lake Baikal, but Russia has repeatedly warned about significant ecological risks of the project and expressed readiness to compensate the lack of power in the country. In April, Budargin said Russia suggested construction of an air power transmission line with a capacity of 500 kV or higher to transfer 1 gigawatt of power to Mongolia.

(58.5786 rubles – U.S. $1)

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OSCE PA to deploy first-ever election observation mission to Mongolia www.osce.org

COPENHAGEN, 21 June 2017 – Some 25 OSCE parliamentarians from 15 countries will observe the 26 June presidential election in Mongolia and provide leadership for the OSCE’s short-term observer mission. The election observation mission to Mongolia marks the first time for the OSCE PA observing an election in the country.

Guglielmo Picchi (MP, Italy) was appointed by the OSCE Chairperson-in-Office as Special Co-ordinator to lead the short-term OSCE observer mission, and will deliver the preliminary post-election statement at a press conference in Ulaanbaatar on 27 June.

“Since joining the OSCE in 2012, Mongolia has been an active and engaged member of the OSCE family, even hosting the Autumn Meeting of the Parliamentary Assembly in 2015. I look forward to observing first-hand the state of democratic progress in the country,” said Picchi.

The OSCE PA’s observation mission is headed by Georgios Varemenos (MP, Greece). Varemenos is the head of OSCE PA’s Greek Delegation, and has participated in numerous election observation missions with the OSCE PA.

Special Co-ordinator Picchi serves as Vice-Chair of the General Committee on Political Affairs and Security of the OSCE Parliamentary Assembly and as Vice-Chair of the PA's Ad Hoc Committee on Migration. He served as Head of the OSCE PA’s election observation mission to the Georgian parliamentary elections in 2016.

The OSCE PA observation mission to the Mongolian presidential election works closely with observers from the OSCE/ODIHR headed by Ambassador Geert-Hinrich Ahrens and parliamentary observers from the European Parliament led by Laima Andrikiene.

The elections will be assessed based on their compliance with criteria for democratic elections laid out in the 1990 OSCE Copenhagen Document.

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