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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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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Trump urges Toyota to build plants in US www.nhk.or.jp

President Donald Trump has again urged Toyota to make more cars in America during a meeting with auto executives in the US city of Detroit on Wednesday.

Trump said his administration is going to do what he called "wonderful work" with the car manufacturers, but they have to help him out by providing jobs.

The chief executive officer of Toyota North America, Jim Lentz, said the company plans massive investments in the US.

Trump said, "I know I'm giving you a hard time, but you've got to build those new plants here".

Trump asked a representative of Nissan how many of the company's vehicles sold in the US market are manufactured in the country.

After the meeting, the president announced a review of tough fuel-efficiency standards introduced by the Obama administration.

He said he is setting up a task force in every federal agency to identify and remove any regulation that undermines American auto production.

Environmentalists are likely to criticize the decision.

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Copper concentrate processing plant to be built in Khanbogd soum www.gogo.mn

On Mar 16th, plenary session of the Government approved the proposal to build copper concentrate processing plant in Khanbogd soum which is submitted by the Ministry of Mining. 
The processing plant will be capable of processing one million tonnes of copper concentrate per year and is planned to be commissioned by 2020. 
Experts ans specialists of mining industry considered that the plant is suitable to be built near Oyutolgoi deposit in Khanbagd soum, taking into advantages of raw materials, transportation and energy transmission. 
Ts.Dashdorj, Ministry of Mining is obliged to choose the investor of the project. 
At least 10 percent of the total stock of the processing plant is allowed to be owned by the state without cost and investment fee. 
Moreover D.Oyunkhorol, Minister of Environment was obliged to study the possible option for water supply of "Oyutolgoi`s concentration plant", "Tavantolgoi coal washing plant", "Tavantolgoi power plant", "Copper concentration processing plant" from "Orkhon gobi", "Kherlen gobi" and "Ongi gobi" projects and submit to the Government.

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