1 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      2 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      3 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      4 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      5 BIOGRAPHY OF TAVAN TOLGOI RESIDUAL COAL DEPOSITS WWW.ZGM.MN PUBLISHED:2018/07/16      6 NAGOYA BASHO LOSES LAST OF THREE YOKOZUNAS WWW.MONTSAME.MN PUBLISHED:2018/07/16      7 CHINA'S GDP HITS 6.7% IN Q2 OF 2018 WWW.CHINADAILY.COM.CN PUBLISHED:2018/07/16      8 US-CHINA TRADE WAR DIMS BRIGHT FUTURE FOR SEMICONDUCTORS WWW.ASIA.NIKKEI.COM PUBLISHED:2018/07/16      9 RIGHTS GROUPS URGE BETTER TREATMENT FOR MONGOLIA CHILD JOCKEYS WWW.REUTERS.COM PUBLISHED:2018/07/16      10 TPP CHIEF NEGOTIATORS TO MEET IN JAPAN WWW.NHK.OR.JP PUBLISHED:2018/07/16      МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16     1,5-2 САЯ ТӨГРӨГИЙН ЦАЛИНТАЙ ЖОЛООЧИЙН АЖЛЫН БАЙРНЫ БҮРТГЭЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2018/07/16     ОЛОН МЯНГАН НИСЭХ ОНГОЦ ШИНЭЭР ҮЙЛДВЭРЛЭХ ШААРДЛАГАТАЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     КРИПТОВАЛЮТЫН ТАЛААРХ ХОРООНЫ БАЙР СУУРЬ ХЭВЭЭРЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/16     ОРОСЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТӨД ДАШТ-2018 НӨЛӨӨЛӨХ НЬ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     ЗҮҮН ӨМНӨД АЗИ ХАНШАА ХАМГААЛЖ ЭХЛЭВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/16     АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРААС 400 ГАРУЙ САЯ ДОЛЛАР ОЛЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/16     МОНГОЛЫН ЭДИЙН ЗАСГИЙН БҮТЭЦ ЭМЗЭГ ХЭВЭЭР БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/10     МОНГОЛ, ВЬЕТНАМЫН ГАДААД ХАРИЛЦААНЫ ЯАМ ХООРОНДЫН ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/10    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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First bid for McDonald's China franchises confirmed www.bbc.com

The first bid has been confirmed for McDonald's China and Hong Kong restaurants as the US fast food giant plans to franchise its outlets in the country.
China's Sanpower confirmed to the BBC it had put in a joint bid with Beijing Tourism Group.
There are more than 2,200 McDonald's in China with plans to open 1,250 more.
In March, McDonald's had said it would reorganise its business in China, seeking to franchise its restaurants.
Media reports have suggested that the US company has received more than half a dozen bids, which could raise as much as $3bn (£2bn).
Global franchise plans
Competitor Yum Brands, the owner of KFC and Pizza Hut, is also restructuring its China business, with plans to spin it off ahead of a likely initial public offering (IPO) of shares in 2017.
Both McDonald's and Yum Brands have been facing increasing competition from cheaper local rivals, particularly in China, where they are trying to recover from food safety scares.
In the long term, McDonald's plans to franchise 95% of its outlets worldwide.
Sanpower is a technology and real estate firm and said it hoped to integrate the fast food chain into its commercial shops and mall spaces.
"In recent years, we are building more offline commercial stores, aiming to provide better shopping experience for consumers. McDonald's could provide new brand elements for us," Sanpower spokesman Zou Yan said in an email.

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Leaders of Mongolia and China hold meeting www.montsame.mn

Tashkent\MONTSAME\. On sidelines of the Shanghai Cooperation Organization summit underway in Tashkent, President of Mongolia Ts.Elbegdorj held on June 23 a bilateral meeting with President of China Xi Jinping at the Kuksaroi (Blue Palace) State Resident.

“Heads of state of China and Mongolia have previously had several bilateral meetings where a several number of vital agreements were reached. Our countries are succeeding in developing comprehensive strategic partnership relations which are even more advancing and expanding with emergence of new potentials”, said the Chinese leader.

Mongolia and China are progressing at the level of comprehensive strategic partnership relations. The agreement on developing such forms of ties were reached during a state visit of Mr. Xi Jinping to Mongolia, recalled Mr. Elbegdorj and welcomed dynamic advancement of the relations.

“Mongolia is expecting to host an official visit of Premier of the State Council of China Li Keqiang which will coincide with the upcoming ASEM Summit in Mongolia. We believe that a number of issues would find their solution during the visit, noted the President of Mongolia.

There are urgent issues we need to focus on today. One is providing four border checkpoints with international status. In this context, Gashuunsukhait and Gants mod border checkpoints are confronted with challenges related to railway, explained Mr. Elbegdorj and requested his Chinese colleague to pay a particular attention to it.

Other points are related to negotiations on creating possibilities for Mongolia to reach seaport through the territory of China and railway transit transport, highlighted the Mongolian leader as well as to hydropower plant to be constructed on Eg river with soft loans of the Government of China.

Same day, President Ts.Elbegdorj will have a trilateral meeting with his Russian and Chinese counterparts.

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Mongolian delegates to attend 2016 Global Entrepreneurship Summit www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The US Embassy in Ulaanbaatar announced Thursday that Mongolian entrepreneurs Khongorzul Bat-Ireedui and Amartaivan Budee will attend the Global Entrepreneurship Summit (GES) which will commenced on Wednesday in Palo Alto, California.
 
They will join more than 700 entrepreneurs from around the world along with investors, speakers, and leaders in the entrepreneurship space.
 
These innovative entrepreneurs will be joined by President Barack Obama and other high-level U.S. Government officials, including Secretary of Commerce Penny Pritzker, Administrator of the Small Business Administration Maria Contreras-Sweet, Administrator of USAID Gayle Smith, Ambassador at-Large for Global Women’s Issues Catherine Russell, and Under Secretary of State for Public Diplomacy and Public Affairs Richard Stengel.
 
This Global Entrepreneurial Summit will be the 7th installment in a series previously hosted by the United States and the governments of Turkey, the United Arab Emirates, Malaysia, Morocco, and Kenya. In bringing the Summit back to the United States, President Obama highlights his commitment to building bridges that help us tackle global challenges together.
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S.Korean companies interested in cooperating on Aero-Express project www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Governor of the Capital City of Mongolia and Mayor of Ulaanbaatar Mr E.Bat-Uul received Thursday the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Mr Oh Song, to discuss the investment required in the IV Thermal Power Plant and the urban railroad development.
 
The Ambassador asked at first about the progress of Khuliin River station – The V Thermal Power Plant project, in which the S.Korean government offered support.
 
In response, Mr E.Bat-Uul informed that the project design of irrigation, pump and drainage systems has been completed, and the constructions are expected to start next year.
 
“As I have heard, the project on Khushig Valley’s New Ulaanbaatar International Airport (NUBIA) Project steering committee has inked a document of cooperation with “Ulaanbaatar Railway” Mongolia-Russia joint venture on building rail system connecting the new airport with the city. S.Korean companies are interested in cooperating on that development”, said Mr Oh Song.
 
The Mayor noted that the “Aero-Express” project can be of more efficiency, if there would be a S.Korea’s presence along with Mongolian and Russian.
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South Korea's Kia tops US car quality ranking www.bbc.com

South Korean car maker Kia has come top in a closely watched US car quality ranking, edging out the luxury brands that usually claim the crown.
It is the first time that a non-premium brand has come first in the annual study by consultancy J.D. Power.
The survey of more than 80,000 car buyers found that Kia had the fewest problems in the first 90 days, followed by Porsche, Hyundai, Toyota and BMW.
Worst performers were Daimler's Smart, Fiat, Volvo, Land Rover and Mini.
In the ranking of 33 cars brands, 21 saw an improvement over the past year.
The study also showed that for only the second time in the past 30 years, US brands received better marks collectively than foreign cars.
J.D. Power said that in past years, electronic features such as Bluetooth, voice recognition and touch screens had often been prone to glitches dragging down the results and that this year carmakers had managed to improve their reliability.
Together with its affiliate Hyundai Motor, Kia is the world's fifth largest automaker by sales.
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China glut reshaping EU steel industry www.asia.nikkei.com

FRANKFURT/LONDON -- With Britain set to vote Thursday on whether to remain in the European Union, the country has seen its fair share of political drama recently. But the turmoil is not just limited to the country's political sphere: The steel industry is also in chaos, with the planned pullout of India-based Tata Steel from the U.K. likely to have a big impact not only there but throughout the EU, where 330,000 people have jobs in the sector.

Geert Van Poelvoorde, executive vice president of ArcelorMittal and president of the European Steel Association, or Eurofer, was in Brussels in April for an annual steel conference organized by the industry body. He said that cheap steel from China was hurting European steelmakers, and that some 80,000 jobs, or 20% of total European steel industry employment, have been lost since the global financial crisis erupted in 2008.

Van Poelvoorde also complained that the EU was slow to take action to counter Chinese steel dumping. While the U.S. has increased tariffs on Chinese steel products to some 260%, levies in Europe have remained at 30% to 60%.

He cited Tata's possible departure from the U.K. as clear evidence of how bad things are getting. The company's British operations, which have the second-largest output capacity in Europe, have pummeled by cheap imports from China, posting losses for years. The Indian parent announced plans in late March to sell the local business.

At the entrance of the conference venue was a sign reading "Save Our Steel." Similar signs can be spotted in the Welsh town of Port Talbot, home to a Tata plant. The region has relied heavily on Tata's steel business, and scared plant workers have been protesting the planned pullout ever since the announcement.

So far, British commodities trader Liberty House and others have volunteered to buy Tata's U.K. unit, while local plant workers have proposed retaining the business through a management buyout. Negotiations have been slow and difficult, however. Tata initially planned to finalize its decision soon after the Brexit poll, but July is now looking more likely.

If the Port Talbot plant, the U.K.'s largest steel factory, is shuttered, the country's economy will certainly feel it. According to British think tank Institute for Public Policy Research, the closure would affect 15,000 workers at Tata's locations across the U.K. and possibly threaten another 40,000 in related industries.

Tata entered the U.K. by acquiring what was once the state-owned British Steel. According to a survey by YouGov, a British research company, more than 60% of people in the U.K. support the nationalization of Tata's U.K. unit. There appears to be a special attachment among the British to the steel industry, which helped drive the economy during the Industrial Revolution.

But when talk of nationalization first came up, British Prime Minister David Cameron noted that it went against the country's long-term efforts to promote privatization. The tone changed in April, when the government announced its intention to purchase a stake of up to 25% in the local British unit, in response to growing calls for a rescue measure to retain jobs.

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Moscow commute at 1,200 kph & new Silk Road: Russia explores Hyperloop sci-fi dream www.rt.com

Russian company Summa Group signed an agreement on Tuesday with Los Angeles-based Hyperloop One to explore building a futuristic, high-speed transport system in Moscow.
"Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today," Shervin Pishevar, co-founder of Hyperloop One, was cited as saying by Reuters.A Hyperloop system involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods could transport people and cargo at speeds of up to 750 mph (1,200 kph).
 
The sides also plan to build a new Silk Road to transport cargo at ultra-high speeds between China and the Mediterranean Sea."Our longer term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China to Europe in a day," Pishevar said.
 
According to Hyperloop One CEO Rob Lloyd, it’s unclear how much it will cost to build a Hyperloop in Moscow, and the system would not necessarily travel at its top speed in a metropolitan area like the Russian capital. Last month Lloyd said the company will build a system capable of transporting cargo by 2019 and passengers by 2021.Transportation infrastructure developer Summa Group and Hyperloop One signed a memorandum of understanding last week at the St. Petersburg International Economic Forum. Russian President Vladimir Putin met with Pishevar during the forum and expressed his support for the project. The president’s backing though didn’t mean public fund investments and tax breaks because it’s a private investment project, according to Kremlin spokesman Dmitry Peskov.
 
Hyperloop was first proposed in 2013 by US billionaire Elon Musk as an up-to-date, open-sourced concept.At the moment there are no functioning Hyperloops in the world, and skeptics claim the idea of traveling at such high speeds in a sealed tube seems like a sci-fi dream – with many challenges the designers will have to overcome, such as motion sickness.
 
Hyperloop feasibility studies are underway in Finland, Sweden, the Netherlands, Switzerland, Dubai, the Port of Los Angeles, and the United Kingdom.
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US lays anti-dumping duties on steel from China www3.nhk.or.jp

The United States will impose hefty anti-dumping duties on a type of steel widely used in car production. The decision mainly targets China.
 
The International Trade Commission said on Wednesday that cold-rolled steel products are hurting US producers.
 
The commission slapped duties of more than 260 percent on Chinese products, in addition to tariffs of more than 250 percent, to offset China's export subsidies.
 
Japanese makers will also be hit with a roughly 70 percent anti-dumping tariff on the steel products.
 
US steel makers filed a complaint about the products last July, saying Chinese companies had more than tripled their exports to the United States in 2014 from the previous year by dumping cheap products.
 
The leaders of the Group of Seven countries discussed the issue in the Ise-Shima Summit in May.
 
The two US presidential candidates are also focusing on the issue in their campaigns.
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Molten salt technology to reduce mining industry costs www.mining.com

MOLTEN salt technology is being developed for use in mineral processing in the mining industry to reduce energy and water costs.
The University of South Australia has formed a collaborative research funding partnership with Centrex Metals Limited in a bid to use the cutting-edge technology to significantly reduce energy and water usage, and therefore the cost of mineral processing using molten salts.
 
The research, based around the Oxley Potassium Project in Western Australia and undertaken by UniSA’s School of Engineering and Future Industries Institute, will expand current molten salt research for solar energy applications into minerals processing with a view to maximising successful technology development and commercialisation.
 
The research program, led by University of South Australia Associate Research Professor Frank Bruno, will develop a minerals processing circuit to leach, extract and purify metals from silicate minerals in a solely molten salt environment, without the need for subsequent aqueous processing.
If the research successfully provides the ability for all processing steps to be undertaken in a molten salt environment it will significantly lower energy and water use and the associated costs.
 
South Australian company Centrex Metals Limited will use the technology at its Oxley Potash Project to become the first commercial and cost competitive manufacturer of bulk potassium chloride fertiliser from potassium feldspar ore.
 
The Oxley project is located in the Midwest of Western Australia about 125km southeast of the port of Geraldton. The project is a very rare 32km long shallow dipping and outcropping potash feldspar rich lava flow.
 
Centrex Minerals CEO Ben Hammond said the technology would take advantage of the unique liquid properties of molten salt to not only convert metals within silicate ore to an extractable form, but also separate and purify them, saving energy, water and reducing the overall project footprint.
“It will allow us to look at competing in the bulk fertiliser space for our globally unique large scale potassium feldspar deposit at Oxley, creating more long-term jobs in Australia’s currently struggling mining industry,” Hammond said.
 
Molten salt technology has previously been used in the solar and nuclear energy industries at temperatures up to 600C, including the 110MW Crescent Dunes Solar Energy Project in Nevada.
 
The University of South Australia project will use salts at temperatures from 850C and above for the first time.
 
Assoc Prof Bruno said the research could have broader implications for mineral refinement in the mining industry and provide valuable insights for its further development in the solar and nuclear industries.
“Salts at the higher temperatures are generally more corrosive and also because you’re at higher temperatures that in itself creates greater reactions,” he said.
 
The UniSA team is a world leader in molten salt technology and has focused on its applications for thermal energy storage for the past four years.
“At that point in time we would never have thought we would be able to use it for this application,” Assoc Prof Bruno said.
 
“Now that people know that we are working with a higher temperature molten salt they are coming to us with all sorts of applications they are wanting us to look at.”
 
Between Centrex, the Minerals Research Institute of Western Australia and the Mining Industry Participation Office of South Australia, $464,000 of external funding will support UniSA’s work on the first two stages of the proposed three stage research program.
 
South Australia’s capital Adelaide has three long-standing public universities, Flinders University, University of South Australia, and the University of Adelaide, each of which are consistently rated highly in the international higher education rankings.
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Rosneft worth up to $130bn says Sechin as Russia thinks about sale www.rt.com

The value of Russia’s biggest oil company Rosneft ranges from $55 billion to $130 billion, depending on the situation on the market, says company CEO Igor Sechin. The Kremlin is currently looking for investors interested in buying a 19.5 percent stake in the company.In an interview with Rossiya 24 TV Channel, Sechin said selling company shares on the stock exchange would be ineffective. Instead, it should be sold to a strategic partner chosen by the main shareholder of Rosneft – the Russian state.
 
Sources familiar with the matter told Bloomberg that Russia would prefer a joint deal with China and India, which are Moscow’s strategic partners and have increasing crude demand. Kremlin spokesman Dmitry Peskov said on Monday there is no preferred option right now.
 
Rosneft was sanctioned by the US for what it called the Russian annexation of Crimea and Moscow’s position in the armed conflict in Ukraine.
 
Russia is seeking ways to keep the budget deficit within 3 percent this year. According to Economic Development Minister Aleksey Ulyukaev, this is difficult to achieve without selling shares in Rosneft. Moscow wants about 700 billion rubles ($11 billion) for the stake, which corresponds to its market price.
 
Sechin also predicted oil prices to be at $50 to $55 per barrel this year, rebounding to $65 by the end of 2017. A supply deal with Vietnam to deliver 96 million metric tons of oil, signed last week at the St. Petersburg International Economic Forum, will bring Rosneft about $36 billion at current crude prices, Sechin said.
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