1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      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     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17    

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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Mongolia earns 55 mln USD from crude oil exports to China www.xinhuanet.com

ULAN BATOR, Sept. 3 (Xinhua) -- Mongolia has exported most of its crude oil production this year to China, adding 55 million dollars to the state exchequer, the Ministry of Mining and Heavy Industry said on Monday.

A total of 4.20 million barrels or 569,000 tons of crude oil was extracted from the beginning of this year to Aug. 15, the ministry said. Of this, 4.11 million barrels or 558,000 tons were exported to China.

The landlocked East Asian country plans to extract 8.1 million barrels or 1.1 million tons of crude oil in 2018, which would contribute 93.31 million dollars to the state coffers.

It has so far implemented 50.71 percent of the export plan

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Mongolia has fuel reserves for only 38 days www.news.mn

The price of fuel have been increasing since January, 2018. For example, the most common used fuel in Mongolia, A-92, is currently being sold at MNT 1820. As for 28 August, our country has oil reserves for approximately 38 days; A-80 for 119 days, A-92 for 25 days, diesel for 38 days and TC-1 aviation fuel for 28 days.

This month, Mongolia is expecting to import A-92 for USD 721 per tonne and diesel for USD 673 per tonnes from Russia. The fuel prices, for imports from from Russia, are expected to increase by USD 8-10.

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Capacity of Mongolia-China border checkpoints to be improved www.montsame.mn

Ulaanbaatar /MONTSAME/ A meeting between the Mongolian Customs General Administration and a customs administration of Inner Mongolia Autonomous Region of China was held on August 31.

The sides exchanged views on a number of issues such as developing both border checkpoints to improve their crossing capacity, modernizing equipment used for border inspection, increasing the opportunity of bilateral cooperation and information sharing.

In particular, they shared information on the construction of the Tsagaandel Uul-Ulzii checkpoint to be newly built on Mongolia-China border, amendments to the ‘Agreement between the Government of Mongolia and the Government of the People's Republic of China on Mongolian-Chinese border port and their regime's’ and the construction of a special purpose road from the end of Tavan Tolgoi-Baruun Naran road to the Tsagaandel Uul-Ulzii port.

At the end of the meeting, customs heads signed a Memorandum of Understanding on measures to be taken in regard with the infrastructure development of the Tsagaandel Uul-Ulzii port.

M.Anudari

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‘Coal Mongolia-2018’ conference kicks off www.montsame.mn

The 8th ‘Coal Mongolia’ international coal trade and investment conference commenced at the conference hall of Shangri La Hotel.
About 600 representatives from 15 countries are attending the conference being organized jointly with China’s coal market research company ‘Fenwei Energy Information Services’.
Organizers highlighted that the collaboration with China’s most reputable company promotes the growth of Chinese transport, logistics, trade companies and investors, who are interested in buying coal from Mongolia.
This year’s conference features with the discussion of issues, including development of competitiveness and improvement of exportability.
The bests of the coal industry will be announced at the banquet of the ‘Coal Mongolia-2018’ conference. Mining Minister D.Sumiyabazar and other officials will present awards to the companies.

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Peabody’s mine site in Australia rehabilitated two years early www.mining.com

The Australian division of coal miner Peabody (NYSE: BTU) announced this week that its rehabilitation efforts to turn the Millennium mine site into grazing land will be completed two years ahead of schedule.

The land reclamation process at the open-pit coal mine started back in 2009 and the company is convinced that it will be done by 2020, as its own workforce is in charge of re-profiling the terrain using seven large bulldozers. Only this year, 380 hectares of land are expected to be recuperated.

Millennium is located 160 kilometres south-west of Mackay, a city in the northeastern Queensland state. The mine sits atop the Bowen Basin -which has the largest coal reserves in Australia- and it produced 2.8 million tonnes of marketable mineral in 2017. Operations are currently being ramped down as mid-2019 has been set as the date when the mine will reach the end of its active life.

“We talk to a range of stakeholders, including the landowner, to get their input on what is most useful after mining,” Peabody Australia President, George Schuller Jr., said in a media statement. “The land needs to continue to be productive so we check things like what type of seed we should use for revegetation and best location for roads, water dams for stock and infrastructure.”

After hearing this news, industry association Queensland Resources Council sent out a press release praising Peabody’s work and highlighting the efforts taken by mining firms operating in the state to adhere to high environmental standards.

The group’s CEO, Ian Macfarlane, said Peabody is a good example of responsible performance as is Glencore (LON:GLEN), a company that recently received an environmental certification from the Queensland Government for the rehabilitation of 220 hectares of land at its Rolleston open-cut coal mine south of Emerald.

“Queensland’s resources industry has a proven track record of attracting new investment and creating new jobs because of the clear and stable regulatory environment in which it operates. We look forward to further investment in the resources sector which benefits every Queenslander through the industry’s contribution to the budget bottom line,” Macfarlane said in the brief.

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China blocks access to Australian Broadcasting Corp sites www.bbc.com

China has blocked access to the website of Australia's national broadcaster, the Australian Broadcasting Corp (ABC).

The ABC said users in China were "abruptly" blocked from visiting its site and apps two weeks ago.

Chinese regulators told the ABC the site had breached the country's laws, but did not specify any violations.

China operates a strict internet censorship regime and often blocks access to foreign sites if they publish content it does not want people to see.

The BBC News and the New York Times websites are also unavailable in China at present.

The ABC's China-based journalists said they had confirmed the site had been blocked, after making several enquiries about its status.

"The ABC's website and apps are usually accessible to Chinese web users and are not subject to the 'Great Firewall' of censorship, but access was abruptly stopped on August 22," journalists Bill Birtles and Matthew Carney wrote.

The broadcaster said it had not been able to confirm the reason for the ban.

An official at the Office of the Central Cyberspace Affairs Commission told the journalists: "China's internet is fully open. We welcome internet enterprises from all over the world to provide good information to the netizens of China.

"However, state cyber sovereignty rights shall be maintained towards some overseas websites violating China's laws and regulations, spreading rumours, pornographic information, gambling, violent terrorism and some other illegal harmful information which will endanger state security and damage national pride."

Prime Minister Scott Morrison said the ban was an issue for China.

"China's a sovereign country, they make decisions about what happens there, we make decisions about what happens here," he told radio station 3AW.

The ABC launched a Chinese-language version of its news site last year.

ABC previously criticised
The latest move comes amid a period of diplomatic tensions between the two nations over reports of China's alleged interference in Australian politics and society. This had led to Canberra enacting new laws aimed at preventing foreign interference.

Last year, China's embassy in Canberra heavily criticised Australia media reports, including an investigation from the ABC and Fairfax Media, about Beijing's influence in Australia.

"Those reports, which were made up out of thin air and filled with Cold War mentality and ideological bias, reflected a typical anti-China hysteria and paranoi[a]," the embassy said.

Last month, Canberra also effectively barred Chinese telecommunications firm Huawei from competing for its 5G network, after it extended national security regulations on the infrastructure project.

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South Korea's POSCO to invest $40bn over next five years www.asia.nikkei.com

SEOUL (Reuters) -- South Korean steelmaker POSCO said on Monday that it plans to more than double its investment spending over the next five years to 45 trillion won ($40.4 billion), as it looks to strengthen its competitiveness.

Under the plan, POSCO will invest 26 trillion won to 2023 in upgrading and adding steel facilities, another 10 trillion won in new business sectors, including lithium batteries, and the rest on its energy business, the company said in a statement.

The plan will lift total spending over the five-year period by 27 trillion won to 45 trillion won, some two-and-a-half times the 18 trillion won it spent over the previous five years, according to company data.

In late August, POSCO sealed a deal to buy lithium mining rights in Argentina from Australian miner Galaxy Resources for $280 million

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FRC approves IPOs for Ard Daatgal and Mandal Daatgal www.gogo.mn

The Financial Regulatory Commission registered 25 million shares of Ard Daatgal, valued at 200 MNT per share, and 6.2 million shares of Mandal Daatgal, valued at 1,000 MNT per share.

Ard Daatgal has been permitted to conduct an initial public offering for 30 percent (7.5 million) of its registered shares at the price of 700 MNT per share, and Mandal Daatgal has been allowed to raise capital with the sale of 25 percent (1.6 million) of its registered stocks through an IPO with a single share price of 4,800 MNT.

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Alibaba vows more help for innovators www.chinadaily.com

Chinese e-commerce giant Alibaba Group vowed to enable more entrepreneurs in Africa who have ideas and practical knowledge gained from China's innovative businesses to accelerate the development of e-commerce platforms on the continent.

Empowering entrepreneurs from Africa is in line with the company's commitment to support entrepreneurs from Africa and help them to succeed in the digital world, said Song Juntao, vice-president of Alibaba Global Business Group.

The sharing of technologies and access to insights and experience will help cultivate more African talent and young entrepreneurs, which in turn will benefit the company's long-term development in African countries, he said.

Jessica Wang, North China business director of Hays, a global specialist recruitment agency, noted that e-commerce in China has grown rapidly, and Chinese companies are expanding continually with innovative and large-scale projects that can impact the industry.

Companies like Alibaba have become global names, Wang said.

The company has been holding intensive training sessions for African entrepreneurs on e-commerce innovations in recent years-for example, its Global E-commerce Talent program for university teachers, which was launched by the company's business school in Rwanda last month. It was the first time the program had been offered in Africa.

As part of the company's commitment to support education and e-commerce on the continent, the program aims to deepen the understanding of the e-commerce industry among Rwandan university teachers and to train individuals to compete in the digital economy. To date, 52 African entrepreneurs from 14 African countries have participated in the fellowship.

The company has also launched a new initiative-the Netpreneur Prize-for African entrepreneurs in South Africa. It aims to build a community of 100 young African entrepreneurs by 2030 who will receive grants totaling $10 million.

AliExpress is currently available to anyone with an internet connection in many African countries, while the company also facilitates African exports to China.

Since Alibaba entered the African market, more than 4.2 million African customers have purchased Chinese products through AliExpress.

In South Africa alone, some 100,000 residents purchased Chinese products through AliExpress in 2017, with the revenue witnessing year-on-year growth of 32 percent and order volume growing 48 percent.

Clothing, wigs, automobiles, motorbikes, sports products, computers, mobile phones, jewelry and health products are among the top purchases, it said.

Tmall, an online shopping platform of Alibaba, now sees orders from countries including Morocco, Egypt, Algeria, Mauritius and South Africa, covering sectors including maternity and infant products, cosmetics, household items, hiking, home and textile products and healthcare products.

African drums, Moroccan hair conditioner, black tea soap, football jerseys from Algeria and stuffed elephant toys have been well received by Chinese customers.

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Ulaanbaatar establishes agricultural zone www.news.mn

Ulaanbaatar city has established a dedicated agricultural zone after resettling families with livestock from rural districts and camps. Under the decree of UB Mayor S.Batbold, a total of 16,000 livestock from 619 families in five central districts were resettled since last year. Before the resettlement, there were 3000 livestock from 189 families in the Sukhbaatar District, 1160 livestock from 50 families in Chingeltei, 2400 livestock from 76 families in Khan-Uul, over 6000 livestock from 221 families and 3500 livestock from 83 families in Bayanzurkh District.

In addition, UB city has been supporting citizens who want to grow vegetables. This year, over 800 people cultivated 53 hectares of vegetables and set up more than 30 glass-houses in the Songinokhairkhan district.

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