1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Why the Belt and Road Initiative has exceeded expectations www.chinadaily.com

BEIJING - New Zealand on Monday became the first developed Western country to sign a cooperation agreement with China on the Belt and Road Initiative.

As a signature initiative of China's blueprint for economic globalization, the Belt and Road has the participation of more than 100 countries and international organizations, with over 40 signing cooperation agreements with China, outstripping global expectations

The initiative has reaped an early harvest as it has helped stimulate economic growth, create jobs and improve quality of life in countries along the routes.

People cannot help but wondering how the China approach has achieved such an effect despite a sluggish economic recovery, flagging international trade and a degree of backsliding on globalization.

The key lies in abandoning the law of the jungle, hegemonism and power politics as a zero-sum game, while replacing them with cooperation, partnerships and sharing.

Wisdom, responsibility and genuine pursuit of common development are embodied in the initiative, which has been recognized by more economic players and has even transcended ideology and traditional geopolitics.

For instance, China have been working with Australia and New Zealand to transcend differences in national conditions, culture and tradition to achieve successful outcomes on the basis of respect and equality.

Instead of merely emphasizing trade like the old days, China's Belt and Road Initiative is more about investment, infrastructure, shared opportunity and interconnectivity for a shared future, evident in China's cooperation with Saudi Arabia and Israel, two important countries along the Silk Road economic belt.

China and Saudi Arabia signed 14 cooperative agreements during a visit by Saudi King Salman bin Abdulaziz Al Saud to Beijing earlier this month, including projects involving production capacity and investment cooperation worth about $65 billion.

During Israeli Prime Minister Benjamin Netanyahu's visit to China in March, the two sides announced an innovative comprehensive partnership and signed agreements for cooperation in economy, science and technology, commerce and civil aviation.

China hopes to boost Belt and Road cooperation with Middle Eastern countries as development is both the root and solution to solving thorny issues in the conflict-torn region.

Opening-up has been a driving force to lift China to become the world's second largest economy during the recent decades.

The country has long been a staunch champion of free trade, as it knows all too well that the benefits outweigh the costs for countries at either end of the balance sheet.

Despite its trade deficit with Australia and New Zealand, for instance, China remains committed to greater mutual openness in both markets.

In the global reality that seems to be tilting towards protectionism and anti-globalization, the Belt and Road Initiative brings hope that openness, shared development and cooperation will cross walls and barriers.

In hard times, the world needs wisdom and unity to move forward. The early harvest of the Belt and Road Initiative has proved it is a good choice.

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Amazon buys Souq in big play for Middle East market www.cnn.com

Amazon has had its eye on the Middle East for some time. Now it's finally made a move.
It has agreed to buy the region's biggest e-commerce platform, Souq.com.
"Joining the Amazon family will enable souq.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide," Souq said in a statement.
The statement did not disclose the size of the deal. CB Insights valued Souq at more than a billion dollars, after it raised $275 million from investors last year. Souq does not disclose financial information.
Amazon (AMZN, Tech30) had to beat off local competition for the online marketplace.
Emaar Malls, an arm of Dubai's biggest real estate developer, said on Monday it bid $800 million for Souq.com.
Founded 10 years ago by Ronaldo Mouchawar, Samih Toukan and Hussam Khoury, Souq has become the biggest player in the market. Mouchawar estimates online shopping in the Middle East was worth $20 billion in 2016.
Related: Saudi Arabia and Burj Khalifa developer launch Gulf answer to Amazon
When Souq started out, e-commerce was virtually unknown in the Middle East. Back then, the company employed five people in Dubai. Now it has 3,000 workers across the Arab world and sells more than 8 million products in 31 categories.
Analysts at Standard Chartered estimate that e-commerce in the region is growing by 30% each year, and that many markets remain untapped.
The acquisition is expected to close this year.

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Samsung plans to sell refurbished Galaxy Note 7s www.reuters.com

Tech giant Samsung Electronics (005930.KS) plans to sell refurbished versions of the Galaxy Note 7 smartphones, the company said late on Monday, signaling the return of the model pulled from markets last year because of fire-prone batteries.

Samsung's Note 7s were permanently scrapped in October after some phones self-combusted, prompting a global recall roughly two months after the launch of the near-$900 devices.

A subsequent investigation found manufacturing problems in batteries supplied by two companies - Samsung SDI Co and Amperex Technology.

Analysis from Samsung and independent researchers found no other problems in the Note 7 devices except the batteries, raising speculation that Samsung will recoup some of its losses by selling refurbished Note 7s.

A person familiar with the matter told Reuters in January that it was considering the possibility of selling refurbished versions of the device or reusing some parts.

Samsung's announcement that revamped Note 7s will go back on sale, however, surprised some with the timing - only days before it launches its new S8 smartphone on Wednesday in the United States, its first new premium phone since the debacle last year.

Under pressure to turn its image around after the burning battery scandal, Samsung had previously not commented on its plans for recovered phones.

"Regarding the Galaxy Note 7 devices as refurbished phones or rental phones, applicability is dependent upon consultations with regulatory authorities and carriers as well as due consideration of local demand," Samsung said in a statement.

South Korea's Electronic Times newspaper, citing unnamed sources, said on Tuesday that Samsung will start selling refurbished Note 7s in its home country in July or August and will aim to sell between 400,000 and 500,000 of the Note 7s using safe batteries.

Samsung said in a statement to Reuters that the company has not set specifics on refurbished Note 7 sales plans, including what markets and when they would go on sale, though it also said it does not plan to sell refurbished Note 7s in India or the United States.

The company said refurbished Note 7s will be equipped with new batteries that have gone through Samsung's new battery safety measures.

"The objective of introducing refurbished devices is solely to reduce and minimize any environmental impact," it said.

The company estimated that it took a profit hit of $5.5 billion over three quarters because of the Note 7's troubles. It had sold more than 3 million of the phones before taking the model off the market.

Samsung also plans to recover and use or sell reusable components such as chips and camera modules, as well as rare metals such as copper, gold, nickel and silver from Note 7 devices it opts not to sell as refurbished products.

Environment rights group Greenpeace and others had urged Samsung to come up with environmentally friendly ways to deal with the recovered Note 7s. Greenpeace said in a separate statement on Monday that it welcomed Samsung's decision and that the company should carry out its plans in a verifiable manner.

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Czech-Mongolia Business seminar (Mining sector) www.mongolianbusinessdatabase.com

Embassy of the Czech Republic in Mongolia is inviting you to the visiting Czech companies and their product introductory meeting at EEIBC at Galaxy tower on April 04. 2017 between 15.00-17.30

The business delegation includes the top officials of open and underground mining equipment producer and service providers such as horizontal and vertical transportation, alarm security, transmitting belt, communication techniques, trolley, electric security measurement, operational techniques, coal ash and oxygen measurement analyzator and so on.

Please R.S.V.R at 321886 (24), 99018708 before April 02.Tuesday

Venue: Executive Excellence International Business Center
Galaxy Tower 10th floor 1003
Mahatma Gandhi Street Tel: 77109911, 77106611

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Mongolia-China cross country transportation service opens www.montsame.mn

Ulaanbaatar /MONTSAME/ Cross country transportation service through Khavirga-Ar Khashaat border crossing from Choibalsan city of Dornod aimag to Manzhouli, China opened on March 27.

The opening ceremony was attended by Governor of Dornod aimag and officials of National Road Transport Department of Mongolia. P.Delgernaran of Road Transport Service said “As discussed during the 30th joint session between the Mongolian and Chinese delegates of road transport sector, cross country transportation between Choibalsan city and Manzhouli of Inner Mongolia, China route is now launching. This will enable safe transportation service between the designations”.

Having signed a contract with the National Road Transport Department, “Tal nutgiin Kherlen” LLC and “Mongol aylal juulchlal” LLC will be responsible for the transportation service. In the designated route, large-sized bus will be available on Monday and Wednesday at the moment. By an estimate, normal-sized buses will be scheduled twice on Friday if the passengers increase. The travel expense will cost MNT 44 thousand for adult.

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Minor corruption spreads in education sector www.montsame.mn

Ulaanbaatar /MONTSAME/ The Asia Foundation and Ministry of Education, Culture, Science and Sports (MECSS) conducted a survey on “Transparency, ethics and corruption issues in Education sector” and on March 27, yesterday, they presented the results of the survey to officers of the Ministry.

The survey concluded that ethical offences and minor corruption is widespread in educational service and common cash transfer through teachers and students negatively influence their ethics and behavior. The survey also revealed that collection of donations, fees and payments, transparency and control on them and reporting were insufficient.

Chairwoman of MECSS Education policy department D.Erdenechimeg noted that the ministry plans to take certain measures following the survey result.

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Japanese firms entering India's smartphone market www3.nhk.or.jp

 
India is the world's 2nd largest smartphone market after China. Now Japanese electronics firms are trying to get their share of the pie.
 
Panasonic has introduced new smartphones with an advanced artificial intelligence virtual assistant.
The AI analyzes user's behavior and suggests relevant apps and information.
 
The low-price products were developed jointly by Indian and Japanese information technology engineers.
 
Panasonic gave up on its consumer smartphone business in 2013 after losing sales to the iPhone and other models. But the firm has been developing smartphones in IT-advanced India, hoping their new technology will win customers in India.
 
Another Japanese electronics firm, Sony, is planning to introduce high-performance, high-priced smartphones in India soon.
 
India's smartphone market is now bigger than that of the United States.
 
Part of the explosive growth comes from the government's promotion of a cashless policy. It's led to an increase in devices that use electronic money.
 
Competition in the Indian smartphone market is already fierce, with Chinese and Indian companies introducing smartphones with a variety of functions.
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Investors seek new catalyst for eurozone stocks www.ft.com

 
Roughly translated as ‘the more things change, the more they stay the same’ — the French proverb will have struck a chord for investors in European equities over the past decade.
 
The US stock market has outshone European stocks for seven of the past 10 years, including 2016 when, with the European Central Bank still adding monetary stimulus, the asset class was billed as one investors simply had to own.
 
Yet as the first quarter draws to an end, there are signs that 2017 could be different. The FTSE Eurofirst 300 index, a benchmark for European stocks, now leads the S&P 500 in both local currency and US dollar terms since Donald Trump’s election as US president.
 
The global reflation trade has been a tailwind: shares of eurozone banks have risen by almost a fifth since Americans went to the polls.
 
Of more significance for many is that European companies are finally delivering earnings growth, helping to attract about $250m into funds focused on western European equities this year, according to data tracker EPFR.
 
Now, in an echo of the way in which Mr Trump’s election helped further galvanise equities, some money managers believe that elections in France and Germany could prove the next catalyst by delivering a combination of reform and fiscal stimulus.
 
“There is little doubt that fiscal stimulus would be taken positively by European equity markets,” said Paul Markham, who runs a global equities fund at Newton Investment Management.
 
In Germany, a hard-fought campaign between Angela Merkel’s Christian Democrats and Martin Schulz, the leader of the Social Democrats and her chief challenger, has the potential to shift domestic politics on the question of stimulus, investors say.
 
Meanwhile, Emmanuel Macron, tipped by polls to win the French presidency, has a reformist agenda.
 
James Sym, European equities fund manager at Schroders, says its base case for the French and German elections, which are in the spring and autumn, respectively, opens the door to a very market-friendly outcome.
 
“Our base case is for a Macron victory in France and potentially a Schulz victory in Germany. In shorthand, this would lead to France structurally reforming while Germany uses its fiscal space, which would be very positive.”
 
If the attention of some investors is turning to the potentially pro-market outcomes of elections in France and Germany, most equity analysts argue that it is the improvement in earnings that has so far been key to brightening sentiment.
 
Sebastian Raedler, head of European equity strategy at Deutsche Bank, says the earnings outlook remains “the biggest driver for the region’s equities by far”.
 
He has little doubt that, this time, it really is different for Europe. “The earnings recession is definitely over,” he argues, adding that earnings per share levels in real terms have returned to levels seen in 2009 — that was a year European stocks outperformed.
 
What’s more, the region will not be able to escape any wider stumble in equities if confidence does evaporate in Mr Trump’s ability to pass tax cuts and fiscal stimulus. Peter Garnry, head of equity strategy at Saxo Bank, estimates that equities could drop by as much as 10 per cent if that scenario unfolds.
 
That prospect will not be enough to deter the number of investors who believe that European equities hold greater value, especially to those prepared to examine sectors that have remained unloved.
 
“Stockpickers willing to dig down into these sectors will be rewarded with companies that offer world-class technology, yet trade at valuation multiples typically below their US-listed new economy peers, as Europe is often overlooked as a centre of innovation,” says Tim Crockford, a European equities portfolio manager at Hermes Investment Management, who points to opportunities with technology and industrial sectors.
 
However, with investors having pulled about $100bn from European equity funds since the start of 2016, more will have to come around to Mr Crockford’s view to cement the early signs of a change in sentiment. The eurozone’s major elections this year may yet help.
 
 
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New mine in Iran to add 800,000 tonnes of zinc concentrate every year www.mining.com

 
Zinc has rallied of late, being the best performing commodity on the London Metal Exchange for the week March 13-17.
 
Up 12% year to date, the corrosion-resistant metal is being buoyed by record refined output in China and tight supply after a number of mine closures.
 
News out of Iran this week, however, could stem price gains, especially if more zinc mines come on stream around the same time as plans to develop the massive Mehdiabad zinc mine, come to fruition. Reuters reported that Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) signed a $1-billion deal with private investors over the weekend to build the mine, which is expected to become operational in four years and produce an annual 800,000 tonnes of zinc concentrate.
 
The investors comprise a private consortium of six companies, led by Iran's Mobin Mining and Construction Company, which would run the mine for 25 years.
 
IMIDRO estimates the lead-zinc-silver mine has 154 million tonnes of proven reserves, which could rise to 700 million tonnes after exploration. Reuters notes the 800,000 tonnes of expected annual zinc concentrate compares to 13.2 million tonnes of zinc in concentrate produced throughout the world last year.
 
The announcement comes as Washington voted in January to extend sanctions against Tehran, whose nuclear ambitions have been a thorn in the side of the West, despite a historic deal made in 2015 with six countries in exchange for curbing its nuclear program.
 
Iran has the world's largest proven zinc reserves estimated at roughly 300 million tonnes, but the sector is vastly underdeveloped according to BMI Research, with just 0.5% mined so far. Iran sits behind China, Kazakhstan and India as the world's number four producer of zinc ore.
 
After several years of production decline, Iran's zinc mine output is set to return to positive growth, boosted by stronger international prices and booming demand from domestic construction.
 
The two largest mines are Mehdiabad with 16.5 million tonnes of zinc ore reserves and the Angouran mine with 9 million tonnes of remaining zinc ore reserves. Lead and zinc production are in the hands of Iran Zinc Mines Development Group, Bama Mining & Industrial, Bafgh Mines and Calcimin.
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Fukushima engineers continue probing reactors www3.nhk.or.jp

 
Engineers at the Fukushima Daiichi nuclear plant are continuing their efforts to check the state of molten fuel inside the damaged reactors.
 
They sent robots into the containment vessels of the No. 1 and No. 2 reactors, hoping to get a glimpse of the melted fuel.
 
But obstacles prevented a camera from reaching the bottom of the No. 1 reactor's containment vessel, and a robot got stuck while checking the No. 2 reactor.
 
The government and the plant's operator expect to decide how to remove the fuel debris, as the mixture of molten fuel and reactor parts is known, this year. It's seen as the biggest challenge in decommissioning.
 
Professor Hajime Asama of the University of Tokyo Graduate School is a technical advisor on decommissioning the reactors.
 
He says the latest probe didn't provide enough information to make a decision. He is calling for other techniques to be tried, noting that a camera attached to a pipe was able to capture images from beneath the reactor core.
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