1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

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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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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Tesla to raise more than 1 bn U.S. dollars for producing new electric car www.xinhuanet.com

SAN FRANCISCO, March 15 (Xinhua) -- Tesla Motors, Inc. said Wednesday it plans to offer 250 million U.S. dollars worth of common stock and 750 million dollars in convertible notes due in 2022, to help finance its production of upcoming Model 3 electric car.

Elon Musk, chief executive officer of the automaker headquartered in Palo Alto, Northern California, will purchase 25 million U.S. dollars of common stock.

In announcing the move, Tesla acknowledged in a press release that the offerings totalling more than 1 billion U.S. dollars are intended to "strengthen its balance sheet and further reduce any risks associated with the rapid scaling of its business due to the launch of Model 3."

Unveiled about a year ago and priced at 35,000 dollars, about half the price of Tesla's Model S, the Model 3 is scheduled for delivery by the end of 2017.

Weeks ago, in a letter to shareholders, the electric automaker said it planned to spend 2 billion to 2.5 billion U.S. dollars before the planned start of Model 3 production in July. It currently produces the luxuary Model S and SUV Model X.

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GE signs deals with Chinese firms to enhance competitiveness www.chinadaily.com

SHANGHAI - General Electric (GE) has signed a series of agreements with Chinese companies to boost bilateral cooperation and enhance global competitiveness, according to an announcement by the company.

GE will work with China Telecom to help its internet technology enter the Chinese market and speed up China's industrial upgrades.

GE signed an agreement with Harbin Electric Corporation to establish a gas turbine manufacturing base, which will help China produce homegrown gas turbines and promote industrial upgrades of China's high-end manufacturing.

In the healthcare sector, GE will deliver a bio-pharmaceutical plant model to China's BeiGene to produce medicine. This will be the GE's third model plant worldwide.

GE also signed a deal with China Southern Airlines worth $3.48 billion to provide aircraft engine maintenance, repair and overhaul services to the airline company.

Driven by the Belt and Road Initiative, GE will work with Chinese partners to build three power plants in Pakistan to improve local energy infrastructure.

China is the world's second-largest economy and also the largest overseas market for GE, said GE Chairman Jeffrey Immelt, who is on a visit to China,

Immelt added that the bilateral cooperation will not only help local firms grow but also enhance GE's business competitiveness.

China's industrial upgrading and economic restructuring have provided enormous development space for foreign enterprises, said Duan Xiaoying, president of GE China.

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Beijing seeks to avoid trade war with Washington www.rt.com

Chinese Premier Li Keqiang said on Wednesday that Beijing does not want to see a trade war with the United States, adding the sides could overcome their disagreements and achieve common ground.

"We do not want to see any trade war breaking out between the two countries. That would not make our trade fairer," Li said at the annual meeting of China's parliament.

He added the relationship is crucial not just for China and the US, but also for regional and global peace, security and stability.

"We may have different statistical methods, but I believe whatever differences we may have we can all sit down and talk to each other and work together to find solutions."

The premier said issues that cannot immediately be solved should be "shelved" for the time being.

The comments come as US President Donald Trump and Chinese President Xi Jinping are reported to meet in Florida next month.

Concerns have been growing over the risk of a trade war between the world's two biggest economies.

Trump has repeatedly criticized China's trade practices and threatened to impose punitive tariffs on the country’s imports. He argued many Chinese policies were unfair, pointing to Beijing’s currency manipulation, theft of trade secrets, hacking, lax labor and environmental regulations.

Last year, the United States trade deficit with China reached $347 billion, and Trump has promised to close that gap, which he has also attributed to China’s rigged currency exchange policies.

The US President has not followed through on his promises, and in a recent phone call with Xi, Trump honored the One China policy, acknowledging Beijing’s position that there is only one China, of which Taiwan is a part.

Premier Li also said that China-US relations are founded upon adherence to the One China policy.

He said Beijing was willing to make its state-run economy more accessible for foreign investment despite "frictions in trade and investment."

"China will continue to open to the outside world," he said, adding “We welcome other partners to share with us in the development opportunities of China."

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