1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20    

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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Mitsubishi Heavy doubling down on Areva with fresh investment www.asia.nikkei.com

TOKYO -- Mitsubishi Heavy Industries has reached a broad agreement to purchase about 15% of French nuclear energy giant Areva's reactor unit, venturing deeper into a business with uncertain prospects that has sent others pulling out.

The Japanese engineering firm and Electricite de France, the state-backed utility that has agreed to acquire reactor maker Areva NP, have reached a deal that will have Mitsubishi Heavy invest 40 billion yen ($366 million) for the stake. This would boost Mitsubishi Heavy's total investment in the Areva group to more than 70 billion yen.

EDF has turned to Mitsubishi Heavy, an existing Areva partner, for help pulling the nuclear energy company out of a financial pit. Areva had logged total losses equivalent to more than 1 trillion yen through 2016, marking its sixth year in the red amid mounting challenges such as delays in a Finnish nuclear power plant project.

China's state-owned China General Nuclear Power, which is developing reactors based on French technology and runs 19 power plants, is also in talks to take around a 15% stake in Areva NP. Sources close to the matter say a basic agreement is targeted for May, and that other companies could join the effort.

Areva recently cut money-losing operations loose and brought nuclear fuel cycle operations, including the fuel recycling business, together under NewCo. Mitsubishi Heavy and Japan Nuclear Fuel each paid 250 million euros ($268 million at current rates) for a 5% stake in the unit, in which the French government also holds a hefty interest. EDF is poised to acquire more than 51% in Areva NP, which handles such operations as large nuclear reactors.

In deep

Mitsubishi Heavy and Areva have been business partners since 2006, creating a joint venture that exports midsize nuclear reactors to developing nations. But the two have not broken ground on a new-model reactor since the meltdowns at Japan's Fukushima Daiichi power plant in March 2011, which spurred worldwide efforts to improve nuclear safety.

Mitsubishi Heavy President Shunichi Miyanaga has called further investments "safe," as "all risk has been isolated" with the spinoff of unprofitable businesses. But the Japanese partner may also be doubling down out of a sense that it is in too deep to pull out: "If we withdraw at this stage, we would be throwing away all of the money we spent developing new reactors," a source at the company said.

With large losses on its cruise ship operations and severe delays on delivery of its Mitsubishi Regional Jet, Mitsubishi Heavy hardly has money to spare toward risky investments. If the company is to expand involvement in the nuclear business, it will need to make sure the move pays off.

Recent developments are not encouraging for the industry. Vietnam last year scrapped plans for nuclear plants thought to be a sure win for Japanese builders. The feasibility study for a planned Turkish project is dragging on far longer than anticipated. Toshiba apparently was driven into negative net worth by enormous losses at its U.S. nuclear unit Westinghouse Electric. Germany's Siemens has pulled out of the nuclear business entirely, and others could do the same.

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China opens new freight train service to Moscow www.chinadaily.com

XIAMEN - A new freight train service started on Friday linking the east China port city of Xiamen with Moscow, making it the newest China-Europe freight train route.

At 9:30 am, the train with 40 containers left the station from Xiamen Free Trade Zone carrying goods worth $363,000 including granite, lighting supplies, artificial flowers and shoes for Moscow.

A single trip on the 10,920-km route takes 13 to 14 days. Without the direct train service, it used to take at least 25 days to transport goods.

The train route connects the eastern and northeastern Chinese cities of Nanchang, Nanjing, Jinan and Jinzhou, and crosses the border via Manzhouli Port in North China's Inner Mongolia autonomous region.

Jiang Jingdong, assistant general manager of Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co Ltd, said the service is still in trial operations with three trips from Xiamen to Moscow per month. The freight train service will be normalized in the second half of this year.

Huang Changhong, manager of Trans-China Logistics Co Ltd, said that trade between Xiamen and Russia is complementary. Xiamen and its surrounding cities are export-oriented with machinery equipment and shoemaking industries, while it imports wood, paper pulp and vegetable oil from Russia.

Lin Jiangfan, an official with Xiamen Haicang Free Trade Port Zone, said that as the host city of the 2017 BRICS Summit slated for September, Xiamen welcomes a closer partnership with Russia, one of the BRICS countries. The Xiamen-Moscow freight train service could also strengthen the Belt and Road Initiative, driving trade in Xiamen.

In 2016, exports from Xiamen to Russia reached more than 5 billion yuan ($727 million), and imports from Russia totaled 1.9 billion yuan.

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Coking coal price correction turns into crash www.mining.com

The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease.

Last week the price of Australia free-on-board premium hard coking coal jumped to highest since the second quarter of 2011. That price spike was also the result of flooding in Queensland that saw quarterly contract prices negotiated at an all time high of $330.

While coking coal is returning to more expected levels, iron ore's unnerving decline appears to have been arrested
Cyclone Debbie caused serious damage to key rail lines serving mines in the state of Queensland and while three lines have now reopened according to operator Aurizon, but large sections of the Goonyella railroad in the centre of the network is only be expected to be up and running in a week's time.

Earlier expectations were that roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed, but Aurizon said this week up to 21 million tonnes have been affected.

A total of 221 million tonnes of coal was exported last year from Queensland, according to the Queensland Resources Council quoted by Reuters and of that at least 75% be steelmaking coal. The global met coal market is around 300 million tonnes per year with premium hard coking coal or PHCC constituting more than a third of the total market. More than half of PHCC seaborne coal come from Australian producers according to TSI data.

A survey of economist and investment bank analysts by FocusEconomics show prices are expected to decline substantially later this year. The median forecast is for met coal to average $146 per tonne in Q4 2017 and $130 during the final quarter next year. Coking coal averaged $121 a tonne in 2016.

Coking coal price correction turns into crash
While coking coal is returning to more expected levels, iron ore's unnerving decline – a third over just the last month – has now turned around.

The Northern China import price of 62% Fe content ore advanced for a third day on Friday trading at $67.40 a tonne, up 4.2% on the day and just into positive territory for the week. The steelmaking raw material after dipped to a six-month low of $61.50 per dry metric tonne on Tuesday according to data supplied by The Steel Index.

 
 
 
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Oyu Tolgoi to make US$ 800 million investment this year www.mongolia.gogo.mn

 
Bank of Mongolia today introduced macroeconomic situation in the first three months of 2017.
At the meeting, positive changes in the economic sector were highlighted.
- Oyu Tolgoi LLC to make US$ 800 million investment this year.
- Prices for coal, Mongolian major export product sharply increased in China.
- Government released Khuraldai bond worth US$ 600 million in order to pay Development bank bond. At that time, foreign investors ordered 30 times more US$ 600 million which proves that foreign investors are positively seeing our economy.
- Unemployment rate declined compared to last two years.
- Evaluation of credit rating agencies to Mongolian is stable.
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Vehicle emissions to be identified using remote sensing device www.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Japanese International Cooperation Agency (JICA) has started measuring emissions of vehicles to identify their toxic contents. Some surveys show that 10 per cent of air pollution in Ulaanbaatar is caused by vehicle emissions. Therefore, the Minister of Road and Transportation Development issued an order to establish a working group in charge of studying air pollution, making conclusions and developing proposals on solving the problem. With a request by the working group and the Ministry of Environment and Tourism, the JICA team started the survey, experimentally placing Remote Sensing Device (RSD) nearby to the Bayanzurkh checkpoint on April 17.
The Remote Sensing Device (RSD) is a system that enables to individually measure the emissions of vehicles in motion (i.e. car, bus, truck, ship and train). Based on this technology, it is possible to create an inventory of the emission level of fleets and implement specific measures to improve the environment. RSD is placed at fixed locations or in mobile units to measure specific vehicle emissions using low-intensity infrared and ultraviolet beams. The device collects emissions data as vehicles are driven in normal everyday use without the need for a vehicle stop or even slow down.
The RSD system detects hydrocarbons, carbon monoxide and carbon dioxide and Oxides of Nitrogen. The data collected by the RSDs are used for a wide variety of high value applications focused on improving air quality and motor vehicle compliance. The recorded data generates an accurate snapshot of the traffic emission in a given timeline, allowing the creation of efficient mobility policies.
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Ambassador S.Bayar presented his credentials to the Secretary-General of the International Maritime Organization www.embassyofmongolia.co.uk

 
The Ambassador of Mongolia to the UK, Mr. Bayar Sanjaa presented his credentials to the Secretary-General of the International Maritime Organization (IMO), Mr. Kitack Lim.
 
Emphasizing a significance of the maritime transportation in the economic development of landlocked developing countries like Mongolia, Ambassador Mr. S.Bayar informed of policies and activities carried out by the Government of Mongolia in the water-borne transportation, and introduced ongoing outcomes and challenges in this area, and requested to render a support in providing technical assistance and consultancy assistance for further improvement of national legislations and standards.
 
Mr. Kitack Lim congratulated the Ambassador on being the Mongolian Permanent Representative to the IMO and committed to take every effort to develop Mongolia – IMO cooperation and to provide technical assistance to Mongolia.
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Nomadic Elephant 2017: India-Mongolia Train Together To Take On Terrorism www.ndtv.com

 
VAIRENGTE, MIZORAM: Somewhere near Vairengte in the north-eastern state of Mizoram, the sun is harsher than it should be in April. Suddenly, a helicopter appears on the horizon and soldiers slither down the rope that is dropped from the chopper as it hovers over a field where the crop has been recently harvested. The men disappear behind a hillock and then there's silence. Minutes later, gun shots are heard. Amidst the heavy firing, the soldiers, who literally appeared from thin air, throw a grenade into one of the structures. The grenade explodes and the soldiers return with a captive man. Another man tries to escape but he is shot by a sniper who takes aim from behind a set of trees.
 
This is a reality in insurgency-hit states but this time around it is make-believe. The 12th edition of India-Mongolia military exercises, titled Nomadic Elephant 2017 have just concluded at the army's premier Counter Insurgency and Jungle Warfare School in Vairengte at Mizoram. The two armies have collaborated and trained to fight terrorism together. This exercise is a display of the skills they have acquired.
 
Three officers, four JCOs and 39 soldiers of the Jammu and Kashmir Rifles have teamed up with nine officers and 36 soldiers who belong to Mongolia's elite 084 Special Task Battalion that has served in areas like South Sudan, a region hit by civil war and is being manned by a UN Peacekeeping Force. Mongolia, hasn't really suffered the scourge of terrorism but knows terrorism has no borders and its always prudent to have a well-trained anti-insurgency force with special skills in jungle warfare.
 
Major General Sukhbat Radnaabazar, the Deputy Chief of General Staff of the Mongolian Armed Forces tells NDTV, "Those abilities which we have learned from here have taught us how to counter terrorism in the future. Because terrorism today is globalised it is an international threat at this time."
 
Major General PN Verma, the General Officer Commanding of the 59 Infantry Division says, "This battalion which has come from Mongolia is one of their most elite battalions. It has got a lot of exposure in the international arena. They have got their own exposure, their own expertise as a specialised force and it was great learning from them some procedures and drills which is different from ours."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School
The soldiers from India and Mongolia have displayed how they tackle a hostage situation, an ambush and clearing a terrorist hideous, jobs that require extreme skills and tenacity.
 
Commanding Officer of 15 JAKRIF, Colonel Parvinder Singh, SM says, "For the last 15 days we have mutually benefitted from the expertise of each other and the kind of synergy, functional coordination and the tactical interoperability that we have achieved you just witnessed. It is commendable and both have benefitted from this exercise."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School after it was set up in 1970. For Mongolia, it's the 12th joint exercise and it is called Nomadic Elephant 2017, which the two armies say have helped them prepare to take on any eventuality that they may have to face in case terror strikes. But what perhaps also is worth noting is the mood with which the exercises ended. The men may not have spoken a common language but in the words of one officer, "they met as strangers and departed as brothers."
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JD.com signs deal with HP to target corporate clients www.chinadaily.com

Chinese e-commerce giant JD.com Inc signed strategic partnership with HP Inc on Thursday, a move aimed at boosting its strength to compete in the growing enterprise market in the country.

Under the deal, the two sides will enhance cooperation in product development, sales, marketing and customer services, connecting the sales platform and brand to offer clients better services.

Hu Shengli, president of JD.com Inc's 3C business department, said the two companies aimed to offer high-quality products and services to meet clients' changing needs.

"Instead of simply copying the offline experiences, we will focus on industry exploration and networking. Supported by JD's technology capability and platform, it will be a win-win game."

"We two will especially work together to provide customer services, which will help reduce the cost and offer better user experiences."

With the help of JD.com's big data technology, HP Inc will be able to better target the enterprise market, introducing more customized products and industry solutions accordingly, the company said.

According to a report released by market research company IDC in April, HP Inc took back the top spot in the global PC market by shipment for the first quarter this year, followed by its rival Lenovo.

Zhuang Zhengsong, president of HP Greater China Region, said HP will take JD.com as its priority sales platform and will work with JD.com to bring more products for corporate clients.

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Russia to build 2 nuclear power plants in Iran www.rt.com

Russian experts will help the Atomic Energy Organization of Iran (AEOI) construct two new nuclear power plants in the country’s southern city of Bushehr, according to Iran’s Energy Minister Hamid Chitchian.
“The contract has been signed between the AEOI and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction of which is about to start,” said Chitchian.

The minister added that the construction of a third joint power plant with Russia, with the capacity of 1,400 MW, has already begun.

Last year, the Iranian vice president and head of the country’s Atomic Energy Organization, Ali Akbar Salehi talked about the plans to construct two new nuclear units in cooperation with Russia. He stressed that the process could take up to ten years and would cost $10 billion.

Earlier this year, Russian Energy Minister Alexander Novak said Moscow wanted to finalize the agreement with Iran and help the country build more power plants.

Moscow and Tehran have been deepening ties in a number of sectors, including oil, defense, and fisheries.

Following a decade of total economic isolation energy-hungry Iran is eager to start building power plants and update its energy infrastructure. Russian companies are likely to be among the preferred bidders.

Russian energy major Gazprom has sealed a cooperation agreement with its Iranian counterpart for the development of local gas deposits.

During his visit to Moscow last month, Iran’s President Hassan Rouhani highlighted the importance of the energy sector in bilateral relations and the possible creation of a free trade zone between Iran and the Eurasian Economic Union that includes Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan.

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“Chandmani” Agro-park delivering fresh products to customers www.montsame.mn

“Chandmani” Agro-park, one of the leaders of Mongolia’s industrial technology, has launched a “Greenhouse complex” project in Bayanchandmani soum of Tuv aimag to deliver to domestic customers the organic products grown in the soil of Mongolia.

The customers who used to head to greenhouses in the rural areas to get fresh vegetables and fruits in different varieties, are now able to buy these products with a tag ‘locally-made’ in supermarkets and grocery stores of Ulaanbaatar.

“Chandmani” Agro-park, with an aim to provide fresh and organic products to the population of Ulaanbaatar, is planning to supply its products to military units in the future.

Mongolia is aiming to establish domestic factories interconnected with each other as an Industrial Technological Park following the example of countries with highly developed industry.

The agricultural and technological “Chandmani” Agro-park is working to establish shopping centers and factories to manufacture final products of milk, meat, fruits and berries and vegetables on its 80 hectares of land in Bayanchandmani soum within the framework of “Food Production” project. The Agro-park owns a total of 1900 hectares of land.

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