1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      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     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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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Oyu Tolgoi activities to be assessed www.montsame.mn

Ulaanbaatar /MONTSAME/ A working group headed by the State Secretary of Finance Ministry has been set up to evaluate the activities of Oyu Tolgoi Company by the Government. Yesterday, April 11, Parliamentary Standing Committee on Economy held a second discussion of bills on amendments to the 2017 State Budget law and amendments to the 2017 Social Insurance Fund budget. During the discussion, the working group in charge of development of the bills informed about it in response to MPs questions.

Some MPs of the Economic Standing Committee, asked questions whether the International Monetary Fund has advised to improve Oyu Tolgoi agreement and to make up budget revenue through raising tax on gold, and whether estimation of dollar exchange rate in the budget bill, equaling MNT2538, was projected realistically.

According to the answers of the working group, IMF has given instruction to keep the currency exchange rate stable and to make up budget revenue not depending on mining. MP Ts.Davaasuren made a proposal to improve activities in Oyu Tolgoi and Tamsag mines and transmit income from the mines through the Bank of Mongolia, when distributing the income to relevant organizations. Majority of MPs of the standing committee supported the proposal.

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Oil starts flowing through China-Myanmar pipeline www.chinadaily.com.cn

 
The China-Myanmar crude oil pipeline started operations after an oil tanker began offloading crude oil in the Southeast Asian country on Monday, which signals a new phase in energy cooperation between the two countries and helps ensure China's oil and gas imports.
 
The 140,000-metric-ton oil tanker Suezmax began offloading crude oil at Made Island oil port, the starting point of the pipeline, in Myanmar.
 
The 771-kilometer pipeline ends in southwestern China's Yunnan province.
 
The pipeline has a designed annual transmission capacity of 22 million tons. Once the pipeline becomes fully operational, Myanmar can also be provided with 2 million tons of crude oil through it annually.
 
China National Petroleum Corp, the country's largest oil and gas producer, holds a 50.9 percent stake in the pipeline, while Myanmar Oil and Gas Enterprise owns the remainder.
 
"The pipeline well ensures China's oil and gas import diversification, following the second China-Russia crude oil pipeline, which started operation last year in northeastern China's Heilongjiang province, and the China-Kazakhstan oil pipeline," said Li Li, energy research director at ICIS China, a consulting company that provides analysis of China's energy market.
 
With the new pipeline, China's oil and gas imports will no longer have to pass through the Malacca Straits, a narrow channel that connects the Indian Ocean with the Pacific Ocean, Li said.
 
"The safety level of pipeline transmission is much higher than for sea shipments, which will ensure a stable energy supply to China," she said. "The economic benefits will grow as deliveries increase."
 
The oil gateway will help ease the oil supply shortage in southwestern China, CNPC's South-East Asia pipeline company said.
 
China and Myanmar signed an agreement on Monday, which allows CNPC to import oil via the Bay of Bengal in Myanmar and pump it through the pipeline to a new refinery in Yunnan.
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First freight train sets off for China from UK www.rt.com

 
A train loaded with British goods, has started a 12,000 km journey from England to China, opening a regular direct service between the countries.
It pulled away from Stanford-le-Hope in Essex on Monday to arrive in China in three weeks.
 
Whisky, soft drinks, vitamins, pharmaceuticals and baby products are among the items in 30 containers carried by train.
 
The locomotive will travel through the Channel Tunnel, and then seven countries - France, Belgium, Germany, Poland, Belarus, Russia, and Kazakhstan – before arriving on April 27.
 
The rail journey to China is cheaper than sending freight by air and faster than a voyage by ship, operators say.
 
The route is part of China’s "one belt, one road" program aimed at reviving the ancient Silk Road trading routes between the East and the West. In January, the first freight train from China arrived in the UK.
 
"This new rail link with China is another boost for global Britain, following the ancient Silk Road trade route to carry British products around the world,” UK International Trade Minister Greg Hands said, adding that the rail link "shows the huge global demand for quality UK goods.”
 
The freight service makes London the 15th European city to have a direct rail link with China.
 
"This is the first export train and just the start of a regular direct service between the UK and China,” said Xubin Feng, chairman of Yiwu Timex Industrial Investment which is organizing the service.
 
"We have great faith in the UK as an export nation and rail provides an excellent alternative for moving large volumes of goods over long distances faster," he added.
 
Restoring the Silk Road route was "an important and exciting initiative,” according to Feng.
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Denmark proposes law change to block Russian gas to Europe www.rt.com

 
The European Commission has refused to comment on a proposal by the Danish government to modify the country’s laws allowing it to block the construction of a Russian natural gas pipeline to Europe.
 
Earlier this week, a bill was put to the Danish parliament to make sure foreign, and security policy is considered when assessing the approval of projects such as Nord Stream-2.
 
According to the Danish energy ministry, the present regulations do not allow Denmark to decide on permits for transit pipelines to pass through Danish waters due to foreign policy considerations.
 
“We want to have the possibility to say yes or no from a perspective of security and foreign policy,” said Energy and Climate Minister Lars Christian Lilleholt, adding that it was the only possible way to veto such projects due to environmental concerns.
 
Denmark's right-wing minority government will reportedly negotiate with other parties to win support for the proposal.
 
The Nord Stream- 2 pipeline aims to double the existing capacity delivering natural gas from Russia to Germany and Northern Europe under the Baltic Sea.
 
The pipeline bypasses Ukraine, which the Kremlin says proved to be unreliable for both the exporter and the importer. The gas transit contract between Moscow and Kiev expires in December 2019 and has not yet been extended.
 
Last month, EU officials announced plans to enter security negotiations with Moscow over the project, saying the bloc no longer had legal grounds to stop it.
 
The move followed years of delays over EU concerns the project would strengthen Russia’s dominance of the European gas market and minimize Ukraine’s participation.
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China rejects coal shipments from North Korea www.rt.com

 
A fleet of North Korean cargo ships laden with coal is returning to their home port of Nampo after China ordered its trading companies to refuse the shipments, Reuters reports quoting shipping data.
 
This appears to show China is committed to the ban on imports of North Korean coal after Pyongyang carried out globally criticized missile tests. Coal is the crucial export product of the isolated state, especially the deliveries of the type used for steel making - coking coal.
 
To curb coal traffic between the two countries, Chinese customs ordered companies to return their North Korean coal cargoes starting from April 7, according to Reuters sources.
 
Two million tons are stranded at Chinese ports; the agency reported quoting a source at Dandong Chengtai, one of China's biggest buyers of North Korean coal.
 
To reduced the shortfall in coal imports, China resumed buying American coal this year. According to trade data, China bought over 400,000 tons by late February. The US did not export coking coal to China between late 2014 and 2016. However, President Donald Trump pledged to revive the country’s coal sector.
 
US Secretary of State Rex Tillerson warned that following the missile strike again Syria, North Korea could be the next. Beijing and Washington have reportedly agreed to impose tougher sanctions against Pyongyang if it carries out nuclear or long-range missile tests.
 
President Trump tweeted on Tuesday that a trade deal between China and the US depends on how Beijing tackles North Korea.
 
“I explained to the President of China that a trade deal with the US will be far better for them if they solve the North Korean problem! North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them!” he posted.
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Water scarcity, pollution to take shine off Latin American mining sector www.mining.com

 
Water supply concerns and pollution in Latin America will drive increasingly strict environmental regulations in the region over the coming years, which in turn will also make miners’ life more difficult, a report by BMI Research shows.
 
According to the analysts, in addition to raising costs for mining companies and delaying certain projects, the focus on the amount of water used by the extraction industry will heightened social pressure on firms operating in the area.
 
A recent example of this trend is what happened in El Salvador, which last month passed a law that bans all mining for gold and other metals in the country, in an effort to protect its environment, particularly its water streams.
 
BMI expects the usage and treatment of water in the mining industry to come under increasing scrutiny in Latin America, as droughts or arid environments in key regions heighten tension between miners and local communities and previous incidents lead to additional regulations.
 
The researchers name Chile, Argentina and countries in Central America as the most likely to enforce stricter water regulations due to scarcity, contamination or a combination of both issues:
 
In Chile, the environmental regulatory body (SMA) has been more aggressively pursuing and fining water mismanagement in the mining sector, levelling charges against Antofagasta Minerals' Los Pelambres copper mine and effectively suspending Kinross Gold's Maricunga gold mine in 2016.
 
In Argentina, Barrick Gold paid a $9.8mn fine for a cyanide spill at the Veladero gold mine in 2016, agreeing to increase water monitoring at the operation in res ponse. In March, a provincial government suspended operations at the mine due to a pipeline issue and, in April, Barrick announced the sale of a 50% stake in the Veladero mine to Chinese firm Shangdong Gold Group for $9.6mn.
 
In Brazil, following the 2015 tailings dam burst at the Samarco iron ore mine which killed nearly 20 people and polluted hundreds of miles of rivers, parent firms Vale and BHP Billiton face a $50bn lawsuit for damages. In March, a Brazilian judge suspended the lawsuit as the firms negotiate with prosecutors.
Tighter regulations will come at a time when illegal gold mining is once again picking up in the region on the back improving prices for the yellow metal. Generally, these kinds of miners not only don’t abide by environmental regulations, but also use mercury to isolate small amounts of gold, polluting rivers and streams and eventually impacting the health of local communities.
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Mongolian Cabinet presents its action plan for 2016-2020 www.news.mn

On 11th of April, the Head of the Mongolian Cabinet Secretariat, J.Munkhbat, presented the Cabinet’s Action Plan for 2016-2020’ to M.Enkhbold, Speaker of Parliament. The action plan contains the policies and national programmes which the new government will implement from 2016 to 2020.

The Cabinet will focus on economic recovery and increasing growth in the short term, solving debt repayments, increasing the stability of the banking system, attracting more investment and providing care for the elderly.

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Mongolia to construct solar plant in Sainshand www.news.mn

Mongolia's first ever solar power station began operation in the Khongor soum of Darkhan-Uul province on 19th of January. A second major solar plant will be constructed near the town of Sainshand in the Dornogovi province in Mongolia.

T.Enkhtuvshin, governor of Dornogovi has signed a cooperation agreement with E.Batzaya, director of ‘Desert Solar Power Waun’ LLC to construct the new power plant. The company is to begin construction work on the 30 mwt facility in May and plans to complete work by the end of the year.

The new power plant could potentially provide clean energy to households and to create 30-40 jobs.

Sainshand is the provincial capital of Dornogovi and an important town on the Trans-Mongolian railway. For many years it was planned to establish an 'industrial hub' in the vicinity for processing Mongolia's abundant raw materials. Currently, Sainshand is the proposed site of Mongolia's only oil refinery.

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Ministers’ current expenditure to be cut by MNT78 billion www.montsame.mn

Ulaanbaatar /MONTSAME/ Parliamentary Standing committee on Social policy, Education, Culture and Sciences has held a second discussion of bills on amendments to the 2017 State Budget law and amendments to the 2017 Social insurance fund budget. Operational expenses of ministers would be cut by a total MNT78 billion, underlined Finance Minister B.Choijilsuren in his response to MPs questions. “ – Expenses for investment used to be financed from several sources in the last years. It has been stopped and debt issues and accounts between the Government and the Development Bank have been separated. Now, investment will be financed from only one source- the state budget. Therefore budged for investment, which were planned to be financed from the Development Bank, have been transferred to the budget packages of ministers and it is seen as if minister’s expenditure would be raised” explained the Minister.

According to Minister of Labor and Social welfare, it is not clear yet, how much per cent out of all children will get child allowance, as the survey to define family livelihood level has just finished awaiting its results.

The Budgetary Standing Committee will discuss all proposals and conclusions of the standing committees before the second discussion of the budget bills at the plenary meeting.

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Mongolia to cooperate with Italy for tourism development www.montsame.mn

Ulaanbaatar /MONTSAME/ D.Oyunkhorol, Minister of Environment and Tourism received Ms. Dorina Bianchi, Undersecretary of Cultural Affairs and Tourism of Italy. At the beginning of the meeting, Minister D.Ouynkhorol underlined that the government of Mongolia is pursuing a policy to develop tourism industry as a key sector of economy and expressed her willingness to upgrade bilateral tourism cooperation between Mongolia and Italy.

Moreover, she said that the one of the ways to diversify the Mongolia's mining and animal husbandry-oriented economy is development of tourism sector.

Mongolia took part in ITB Berlin 2015 International tourism trade fair as an official partner with an aim to promote Mongolia abroad and jointly organized an International Silk Road Conference on Nomadic Tourism and Sustainable Cities in Ulaanbaatar in 2016 with the World Tourism Organization (UNWTO) and the World Cities Scientific Development Alliance (WCSDA).

In this connection, the Minister highlighted the significance of the conference, which gathered about 300 representatives from UNWTO Silk Road program member states, UNWTO affiliate members and Sister Cities International.

As Italy is famous for ancient history, culture, architecture and literature, it is one of the Silk Road Member States which receive the largest number of tourists each year. For instance, from Mongolia, about 8500 tourists traveled to Italy, whereas, Mongolia received over 3000 tourists from Italy last year.

Furthermore, Minister D.Ouynkhorol expressed her interest to cooperate with Italy towards training tourism event organizers, developing water tour in the Lake Khuvsgul, establishing temporary accommodation complex to enable safe and comfortable travel in the region, developing brand name products titled “Travels of Marco Polo”, promoting Mongolia in Italy, increasing the number of mutual travels, and signing MOU on cooperation of tourism development between the Governments of the two countries.

In turn, Ms. Dorina Bianchi, Deputy Minister of Culture and Tourism of Italian Republic agreed on signing MOU as well as informed that Italy is ready to open Mongolian representative office of tourism in Rome to promote Mongolia in Italy. “Opening of the representative office in Rome will have a great significance to strengthen the promotion of Mongolia” she said. Moreover, Ms. Dorina Bianchi expressed her willingness to develop tourism near the Lake Khuvsgul, open tourism center of Italy in Mongolia as well as to jointly organize exhibitions of the Great Empires of the two countries. Tourism in Italy is being developed in two areas, sports and nature.

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