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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More Chinese cities further restrict housing purchases to cool market www.xinhuanet.com

FUZHOU, March 16 (Xinhua) -- Authorities in the eastern Chinese cities of Nanjing and Qingdao on Thursday unveiled more steps that will restrict housing purchases and cool the property market.

Nanjing announced that starting from Thursday, people without a local "hukou" (permanent residence permits) and anyone who owns at least one house in the three districts of Liuhe, Lishui and Gaochun will not qualify to buy a house. In the main urban districts, local people who have at least two houses will be banned from buying another home.

The prices of new housing increased by 37.3 percent year on year in January in Nanjing, according to figures released by the National Bureau of Statistics of China.

Purchase restrictions have also been introduced in Qingdao. The city announced that starting Thursday, people without local "hukou" must provide a record that they have paid 12 months worth of income tax and social security payments in the last two years if they want to buy a house in the urban area. Non-locals who already have at least one home or can not provide such records will not qualify to buy homes in the urban area.

The prices of new housing in the city rose 13.2 percent year on year, or 0.1 percent month on month.

From March, dozens of second-tier cities and cities neighboring Beijing and Shanghai have restricted housing purchases to cool property markets.

In the first two months of 2017, the investment in China's real estate market rose 8.9 percent year on year to more than 985 billion yuan (143 billion U.S. dollars), and housing sales jumped 26 percent from the same period of 2016 to over 1 trillion yuan, the bureau said.

Analysts said that the investment and growth figures had beaten expectations.

"Further tightening measures were expected in more cities including first-tier cities in March," said Yan Yuejin, a housing market analyst.

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G20 meeting to start in Germany www.nhk.or.jp

Finance ministers and central bank chiefs from the Group of 20 economies will start a meeting in southwestern Germany on Friday. All eyes are on whether they can agree to work together to promote free trade despite the new protectionist tendency of the United States.

The gathering in Baden-Baden will be the first occasion for the leaders to discuss global economic challenges since US President Donald Trump took office in January.

The G20 nations have been in agreement that they oppose any forms of protectionism and encourage free trade as a way to foster the world economy.

But the Trump administration is taking a protectionist stance. It calls it part of an effort to save US jobs.

On top of possible hikes in tariffs on imports, Washington has suggested it may ignore any ruling by the World Trade Organization that it sees as an affront to US sovereignty. Analysts are watching what arguments the US will present at the G20 meeting.

Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda will represent Japan.

Aso is scheduled to hold his first meeting with US Treasury Secretary Steven Mnuchin on the sidelines of the G20 talks. Attention is focused on what they will discuss concerning foreign exchange policies and a new bilateral economic dialogue.

Tokyo and Washington are coordinating meetings between Aso, who doubles as deputy prime minister, and Vice President Mike Pence in mid-April.

 
 
 
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Toyota to invest £240m in UK plant at Burnaston www.bbc.com

Toyota is to invest £240m in upgrading its UK factory that makes the Auris and Avensis models.
The Japanese carmaker's investment in the Burnaston plant near Derby will allow production of vehicles using its new global manufacturing system.
The factory employs about 2,500 people, while another 590 work at Toyota's engine plant at Deeside, North Wales.
Burnaston made about 180,000 vehicles last year, most of which are exported to Europe and other markets.
Johan van Zyl, chief executive of Toyota Motor Europe, said the investment showed that the company was doing all it could to make Burnaston more competitive.
However, he warned: "Continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success."
Industry trade body the SMMT said in January that uncertainty around Brexit and the UK's future trading arrangements had hit investment in the car sector.
Investment commitments in the UK automotive sector last year totalled £1.66bn, down from £2.5bn in 2015.
Business Secretary Greg Clark said Toyota's investment "underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK".
The government is providing £21.3m in funding for training, research and development, and improving the Burnaston plant's environmental performance.
Last year, rival carmaker Nissan said it would build both the new Qashqai and the X-Trail SUV at its Sunderland plant following government "support and assurances".

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BC copper-gold mine to reopen after six years www.mining.com

An exhausted copper-gold mine 250 kilometres north of Smithers will be given a second life when the owners of the Kemess open-pit mine go underground, using a novel block cave mining approach.

AuRico Gold (TSX/NYSE:AUQ) received an environmental certificate March 15 for its $684 million Kemess project. The project also has letters of support from three local First Nations.
The company's stock was up 4% to $1.13 per share in mid-day trading March 16.

The Toronto-headquartered company expects it will take another 12 months to get all the permitting in place and begin construction.

But because it will use block cave mining – a relatively uncommon approach for B.C. – it will take about another four years before it is in production.

In traditional underground mining, miners simply bore and blast their way underground in ever-expanding networks of tunnels.

In block cave mining, most of the underground work is done all up front. A large underground cave is created underneath the deposit and miners then begin a process of collapsing the roof so that the ore falls down. It is then crushed underground and sent to the surface and the processing plant by conveyor.

The block cave mining approach – which is also being used at the New Afton mine near Kamloops – has higher up-front capital costs, but lower ongoing operating costs.
“It’s a very low-cost approach, once you’re in operation,” John Minioutis, vice president of corporate development, told Business in Vancouver.

Once in production, the company estimates the mine, which has an estimated life of 12 years, will have a payback period of about three and a half years.

Since the mine was still in production in 2011, most of the existing infrastructure is already in place, including a 50,000-tonne per day processing plant, road, power transmission line, administration building and work camp.

The mine’s estimated production value for the first five years is 238,000 ounces gold equivalent per year, with all-in sustaining cash costs of $682 per ounce.

“There are other greenfield projects out there with higher rates of return, but this is much lower risk, because the processing plant’s in place,” Minioutis said. “We have over $1 billion of infrastructure and we basically already have a tailings solution.”

The tailings will be stored in the old open pit, which eliminates the need for a new tailings storage pond.

The new underground mine would be located six kilometres from the current operations. The mine may have further expansion prospects at a resource called Kemess East.

The Kemess open-pit mine, formerly owned and operated by Northgate Minerals, operated from 1998 to 2011, when it shut down after exhausting the deposit. The mine was acquired in 2015 by AuRico Gold, which later merged with Alamos Gold.

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China & Saudi Arabia sign agreements worth $65bn www.rt.com

Saudi Arabia's King Salman started a month-long Asian tour with a visit to Beijing, where the two countries signed a broad range of deals potentially worth $65 billion.
According to Chinese Deputy Foreign Minister Zhang Ming, they agreed on memorandums of understanding, involving everything from energy to space.

"President Xi Jinping and King Salman are old friends," Zhang said as cited by Reuters. "Practical cooperation between China and Saudi Arabia has already made major achievements, and has huge potential."

King Salman's visit comes as Riyadh aims to promote investment opportunities in the kingdom, including the sale of a stake in state-owned oil giant Saudi Aramco.

Asian countries are vital importers of Saudi oil, and the country wants to boost sales to China.

Last year, Saudi Arabia lost its position to Russia as the biggest crude exporter to China. Oil exports from Russia to China have more than doubled over the past six years, up 550,000 barrels a day.

Chinese President Xi Jinping told the Saudi king his visit showed the importance he attached to relations with China.

"This visit will push forward and continue to improve the quality of our relations and bear new fruit," said Xi who visited Saudi Arabia last year.

Experts say Beijing’s non-interference in Middle East conflicts or diplomacy and its reliance on the region for oil is much valued.

According to an unnamed diplomat from a Muslim-majority country, China was trying to play the role of "honest broker" in the Middle East, as it lacks the historical baggage of the Americans or the Europeans.

"China does not take sides, and that is appreciated," said the diplomat.

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TPP signatories agree to continue talks www.nhk.or.jp

Ministers of the remaining 11 member countries of the Trans-Pacific Partnership have agreed to keep talking, despite the US withdrawal from the pact in January.

The ministers met on Wednesday in Chile for the first time since the US pullout. That move seemed to scupper any chance that the pact would go ahead.

The ministers said in a statement they've confirmed the TPP's strategic and economic significance and are concerned about growing protectionism around the world.

The officials agreed to meet again in May.

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Cabinet determines nature reserve boundaries www.gogo.mn

During its regular meeting on March 15, the Cabinet approved the boundaries for nature reserves in two aimags.
Firstly, the boundary of the Tost, Toson Bumba Mountain Nature Reserve in Gurvantes soum of Umnugobi aimag was determined as 743058.00 ha area.
In connection with the decision, corresponding officials and ministers were ordered to reach consensus on termination of mining licenses within the nature reserve boundary with the license holders. The Cabinet’s decision increases the total area of nationally protected areas by 0.4 percent.
Secondly, the Cabinet defined the boundary of Noyon Mountain Range Nature Reserve which covers territories of Mandal soum, Selenge aimag and Bornuur and Batsumber soums of Tuv aimag. The nature reserve’s boundary has been finalized as 11127.05 ha area in Selenge aimag and 650.0 ha area in Tuv aimag.
Thus, 11837.05 ha area surrounding the Noyon Mountain Range Nature Reserve is now protected by the Government, increasing the total area of protected areas by 0.04 percent. There are 5 special mining and exploration licenses in the now protected area.
The Noyon Mountain Range is rich in historical and archaeological remains. Corresponding organizations and governors were assigned to hold talks with related sides on the issue of nature reserve compensations and register them to database.

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MIAT to increase flight frequency and routes www.montsame.mn

Ulaanbaatar /MONTSAME/ Yesterday, March 15, Minister of Road and Transportation Development D.Ganbat visited MIAT Airline National flag carrier, and stated that the company would be supported with government policy and its flight frequency and routes would be increased.

MIAT company works on lowering operational costs and increasing income, including from non-transportation sources and plans to launch new flights to 7 routes in Australia and South East Asia including Busan of South Korea and Bangkok of Tailand, according to Director of MIAT, state-owned company T.Tamir.

Minister D.Ganbat said that the ministry started to take some measures regarding rendering policy support to improve business activities of the company so that the company operates without loss and to overcome financial difficulties; renewing air relations agreements to improve travelers' flow and protecting market of international transportation.

“- Increase of international flight frequency and flight routes should be aimed at improving economic efficiency” Minister D.Ganbat underlined. The minister highly valued the skill of engineers and technical officers of the company, expressing that he will pay attention to enlarging the capacity of aircraft maintenance service and improving professional skills of technical officers further. MIAT company has a capacity to conduct maintenance service to over 30 aircrafts in a year and has an agreement with 9 international airlines to conduct maintenance services to their aircrafts.

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Premier tells to cut expensive ceremonies for local visits www.montsame.mn

Ulaanbaatar /MONTSAME/ On Wednesday, Prime Minister J.Erdenebat directed all aimag governors to stop hosting expensive welcoming and farewell ceremonies for government officials, going on local visits.

He also tasked the officials to study feasibilities to make changes to the State Protocol Regulations, to refrain from the ceremonious welcoming for Prime Minister at the border of aimags and to organize small welcoming events at cheaper cost instead.

The Prime Minister views such a decision is necessary in these times of economic restraint.

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Strong interest in Mongolia at PDAC; investors liked Mining Minister’s candid responses; OT LLC success is now at the center of Mongolia’s unique selling proposition NAMBC Newsletter

Attendance at the March 5 Mongolia@PDAC investors forum during the annual convention of the Prospectors and Developers Association of Canada in Toronto was the highest of any prior Mongolia event at PDAC. “When Mining Minister Ts. Dashdorj spoke,” noted NAMBC Chairman Frank Herbert, “it was standing-room only.” Advance registration – 300 -- for the event was more than double the highest previous level. The success, stability and smooth expansion of Oyu Tolgoi LLC was front and center in Mongolia’s unique selling proposition by both government and private sector speakers, which included Dr. Galsan Batsukh, Chairman of OT LLC, who was Mongolia’s first resident ambassador to Canada, as well as the CEOs of other established foreign miners in Mongolia who have been able to attract significant new capital investment as investors warm again to Mongolia’s prospects, including presentations by Steppe Gold, Aspire, Xanadu and Erdene Resource Development (ERD).

At and on the fringes of the PDAC meeting, Minister Dashdorj and other government officials emphasized that:

--Mongolia has no plans to change the size of its stake in the Oyu Tolgoi copper mine and no intention of changing the terms of its relationship with OT;

--Mongolia intends to double the amount of land available for exploration and hopes to build a copper smelting plant; and that the Mineral Resource and Petroleum Authority of Mongolia (MRPAM) will improve the transparency and methodology of bidding for new exploration licenses, in response to wide-spread complaints from both domestic and international investors about the deficiencies of the previous computerized system;

--the government is seriously examining issues involved in the discounted royalty for gold sold to the central bank, which expires on January 1, 2019 and which has been a major incentive to gold mining investment; and that the government was in serious discussions with Centerra on moving forward with the Gatsuurt gold mine, which is the only major new mining project that is even close to shovel-ready;

-- the government will take a fresh look at resolving problems with the vast number of mining licenses abruptly suspended because of overly-broad definitions of environmental considerations in the so-called “Long Name Law;”

-- the government’s plan for amending the mining law would not affect the basic structure of existing law on royalties and other basics but was rather intended to codify technical and regulatory requirements (such as on reclamation and restoration) that were missing or unclear in prior versions of the law;

--the government continues to study options for the Tavan Tolgoi LLC coal mine with interested investors and relevant government ministers with no fixed timetable for a final agreement.

From Toronto, Minister Dashdorj went on to Ottawa for the seventh Canada-0Mongolia Roundtable Meeting on Intergovernmental Cooperation on March 9 in Ottawa. The amicable meeting was co-chaired by Dashdorj and the Assistant Deputy Minister for Foreign Affairs of Canada, Mr. Donald Bobiash; Mongolian Ambassador to Canada R. Altangerel and Canadian Ambassador to Mongolia Ed Jager also participated. Concurring that both nations highly valued Canada’s status as a “Third Neighbor,” both sides agreed to activate collaboration in mining, agriculture, infrastructure and environment, noting that the FIPA investment promotion agreement would help boost two-way trade and investment. The two sides agreed to improve efficiency and broaden the scope of development cooperation; six projects are currently underway in mining, agriculture, public and other sectors.

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