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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Cold spell to hit the country starting from November 1 www.montsame.mn

Ulaanbaatar /MONTSAME/ The National Agency for Meteorology and Environmental Monitoring has issued cold weather warning across the country.

According to the NAMEM, snow and blizzard are expected in areas of Western aimags, in western parts of central aimag on November 1; in areas of western and central aimags on November 2; in eastern half of the country on November 3 and in areas of western aimags on November 4.

Wind will get stronger in areas of Western aimags and in northern parts of Central aimags on November 1; in most of the country on November 2; in gobi and steppe areas on November 3, reaching 16-18m/s. Dust storm will occur.

In the depression of Darkhad; in mountainous areas of Altai, Khangai, Khuvsgul and Khentei; in Khurenbelchir; in the head of Zavkhan river; in the basins of Ider, Tes, Tuul and Terelj rivers, the nighttime temperature will be ranging from -17 to -22 degrees Celsius whereas the daytime temperature will be -7 to -12 degrees Celsius.

Southern part of gobi region will get up at +2 degrees and the temperature will increase till +7 degrees Celsius during the daytime, while the nighttime temperature will be 0 to -5 degrees Celsius.

The nighttime temperature will be -8 to -13 degrees while the daytime temperature will be -3 to -8 degrees Celsius in other areas.

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Oyu Tolgoi announces Q3’18 performance www.ot.mn

Ulaanbaatar, Mongolia – Oyu Tolgoi today announced an update on its performance for the quarter ended September 30, 2018.

Oyu Tolgoi’s workforce reached 17,000 making it the largest private employer in Mongolia. At the end of the third quarter, 93 per cent of Oyu Tolgoi’s employees were Mongolian, 19.4 percent of which were from the Umnugovi province and 53.9 per cent were underground workforce.

As of the end of the third quarter of 2018, Oyu Tolgoi achieved an All Injury Frequency Rate (AIFR) of 0.19 per 200,000 hours worked and was injury-free for 83 out of 92 days for the three months ended September 30, 2018.

Oyu Tolgoi paid US$1.6 billion in taxes, fees and other payments to the Government of Mongolia between 2010 and the third quarter of 2018 including US$152 million in the first three quarters of 2018.

Underground update

Second annual re-forecast shows the capital cost of the underground project remains on track, first draw bell is on schedule for mid-2020 and the project remains on schedule to complete by 2022. The re-forecast did indicate that there may be a delay in sustainable first production from the first quarter of 2021 to late in the third quarter 2021 due to difficult ground conditions and challenges in the construction of Shaft 2.

Oyu Tolgoi maintained its world-class environmental performance in this quarter, with only 0.35 cubic metres of water per tonne of ore processed – three times less, compared to similar operations worldwide - and achieving an average water recycling rate of 89 per cent over the period.

Education and training are major focus areas for Oyu Tolgoi. Delivering our vision to create enduring value, knowledge and skills, Oyu Tolgoi provided 215,503 man hours of training to nearly 10,301 employees and contractors in the third quarter of 2018.

Oyu Tolgoi collaborated with 793 suppliers in the first three quarters of 2018, 562 of which are national businesses that account for 79 per cent of total operations procurement spent. Between 2010 and the third quarter of 2018, Oyu Tolgoi spent US$2.6 billion on national procurement of which US$379 million was spent on procurement from Umnugovi suppliers.

Q3’18 Production report

Third quarter mill throughput decreased 5.0 per cent over Q2’18 due to increased processing of harder Phase 4 ore as well as a planned maintenance shutdown during the quarter. Copper production was flat over Q2’18 as higher grades and recoveries were partially offset by lower throughput. Gold production increased 54.0 per cent over Q2’18 due to higher grades and recoveries. Third quarter sales volumes were impacted by torrential rain in July and August, which consequentially affected Chinese road and rail availability. Additionally, Q3’18 sales volumes were generally lower than Q2’18, which benefited from the sales of deferred volumes related to the Q1’18 force majeure.

Turquoise Hill has updated Oyu Tolgoi’s expected copper production for 2018 from between 125,000 and 155,000 tonnes of copper to between 140,000 to 155,000 tonnes of copper in concentrates. The company continues to expect production of gold in concentrates from between 240,000 and 280,000 ounces for 2018.

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Mongolia President May Go on Hunger Strike to Protest Parliament www.bloomberg.com

Mongolia’s president said he may go on a hunger strike or stage a sit-in as a last resort to pressure the North Asian nation’s parliament to voluntarily disband after he criticized it for failing to stand up to economic challenges.

President Khaltmaa Battulga, who has only has limited power to introduce and veto legislation, made the suggestion in a television interview Monday. He earlier submitted a proposal to open discussions to dissolve the parliament, citing inaction by the government after it sought a bailout from the International Monetary Fund last year.

Asked in an interview with Mongolia’s C1 Television what he’d do after asking the parliament to disband, Battulga said: “Hunger strike?”

“This is the the stage we’re at,” said the president, who also suggested a sit-in. “I’ve tried different means by sending proposals, and we’ve discussed the matter.”

A spokeswoman for the president declined to comment on the seriousness of his remarks.

Battulga’s actions were largely seen as a political stunt ahead of planned parliamentary elections in 2020, in which his opposition Democratic Party will look to pick up more seats. The ruling Mongolian People’s Party controls 85 percent of seats in the 76-member legislature, and a motion to dissolve parliament needs at least a two-thirds majority.

The president is seeking to gain more power for his office within Mongolia’s political system, according to Dale Choi, a market analyst and head of Altan Bumba Financial Group.

“All of these shows are to gain popularity with the electorate, to gain support among voters,” he said.

Mongolia’s statistics office estimated that the economy grew 6.3 percent in the first half of 2018 as the market for Mongolia’s mineral exports improved. That compares with 5.1 percent last year.

Battulga rose to fame as a self-made millionaire who engaged in competitive martial arts. He is known as a political firebrand, openly criticizing the influence of establishment leaders he calls oligarchs as well as Mongolia’s top trade partner, China.

Mongolia has a history with hunger strikes, which were used during protests in 1990 that led to a peaceful transition from Soviet socialism to democracy and a market economy.
By Terrence Edwards

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Mongolia To Crack Down On Money Laundering, Terrorist Financing: Prime Minister www.urdupoint.com

ULAN BATOR, (UrduPoint / Pakistan Point News, app - 30th Oct, 2018 ) :Mongolia will stand firm on combating money laundering and terrorist financing, the country's Prime Minister Ukhnaa Khurelsukh said Tuesday.
"Money laundering and terrorist financing activities have negatively affected countries' economic growth and efforts to achieve sustainable development and eliminate poverty," he said.

What's more, he said that Mongolia, "with a vulnerable economy which is directly dependent on external factors," needs to pay special attention to fighting money laundering and terrorist financing.

Khurelsukh made the remarks at the opening ceremony of an international scientific conference on fighting money laundering, according to the government's press office.

According to data from Mongolia's National Police Agency, 26 cases of money laundering were recorded in the first half of this year, while only seven cases of this kind were reported last year in Mongolia.

Most of the money laundering cases in Mongolia are linked to fraud, embezzlement, bribery, tax evasion and drug trafficking, the agency said.

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Mongolia scares schools off Halloween www.channelnewsasia.com

ULAANBAATAR: Mongolia has banned the celebration of Halloween in schools this year, reflecting growing fears that the landlocked country's rapid economic transformation is eroding its native Buddhist traditions.

In a directive sent to all schools last week, the education ministry said parents had complained in the past about their children trying to collect money and asking for Halloween costumes.

Stressing that Halloween was not an officially recognised holiday, it ordered all schools to put a stop to organised celebrations this year.

Halloween has become increasingly popular in the capital Ulaanbaatar.

"Our school has specialised classes in the English language, and that's why we celebrated Halloween in many different ways," said G Erdenechimeg, a social worker at the 23rd School in Ulaanbaatar, which focuses on foreign languages.

"Generally, it's all about the children's attitude," she added. "Some may get into their roles too deeply or misuse (Halloween) and have a negative social effect. For this reason, it has been decided not to celebrate."

Mongolia has undergone a rapid transformation since its Moscow-backed Communist regime collapsed in 1990, with a succession of governments trying to modernise the economy and open up to foreign investment.

In a bid to offset the impact of giant neighbours Russia and China, Mongolia has also courted "third neighbours" like the United States and Japan, leading to growing cultural ties.

But the rapid pace of change has stoked concerns that its nomadic and Buddhist culture is being left behind.

Halloween celebrations are still expected to continue in Ulaanbaatar, home to nearly half of Mongolia's population of 3 million.

"I haven't seen the decision have any impact or affect our sales so far," said D Purev, owner of the Party Shop, which stocks Halloween-related goods in Ulaanbaatar.

(Reporting by Suvdantsetseg Tsagaanbaatar; Writing by David Stanway; Editing by Nick Macfie)

Source: Reuters/na

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Mongolia’s 2019 financial and economic outlook discussed www.montsame.mn

Ulaanbaatar /MONSTAME/ The American Chamber of Commerce (AmCham) in Mongolia hosted its last Monthly Meeting of 2018, with a panel of leaders from the private sector, international community, and independent researchers today, on October 30.

The meeting was attended by representatives from AmCham member organizations and individuals from local and international businesses. The panelists included Mr. J.Delgersaikhan, economist and lecturer at the University of Finance and Economics; Mr. Ch.Ganhuyag, CEO at Ard Financial Group; and Mr. Jean-Pascal N. Nganou, senior economist and acting country manager at the World Bank. The panel discussion was led and moderated by AmCham Financial Services Committee Chair Mr. Erik Versavel, country representative of the ING Bank office in Mongolia. The panelists shared their perspectives and exchanged ideas with the meeting’s attendees about the future of Mongolia’s financial and economic outlook.

Ard Financial Group’s Mr. Ch.Ganhuyag stressed the need for collaboration between the public and private sectors, stating, “The private sector needs to become more proactive. The local and central governments need to establish channels to consult with researchers and the private sector, where our voices are heard in decision-making process.”

Mr. J.Delgersaikhan, economist and lecturer at the University of Finance and Economics, addressed Mongolia’s 2019 outlook, saying, “On one hand, the 2019 prospective is positive, since the budget deficit is projected to be lower than previous years’. However, the governance side of the IMF’s extended fund facility program’s implementation must improve in order to improve budgetary policies for the future and address the lack of debt management.”

The World Bank’s Mr. Jean-Pascal N. Nganou shared his thoughts as a member of the international community, and said, “The outlook for 2019 seems generally positive, but there are two types of risks to watch out for: domestic uncertainty, due largely to politics, and external pressure from demand. In order to navigate the uncertainties, Mongolia must stick to the reform program and ensure its close implementation.”

Source: amcham.mn

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Hakuho to challenge himself for another sumo record www.news.mn

Mongolian sumo superstar M.Davaajargal, better known as Hakuho, will go into next month’s Kyushu Grand Sumo Tournament in the top east yokozuna slot, according to the latest ranking released by the Japan Sumo Association on Monday.

The 33-year-old Mongolian who came off with a perfect 15-0 record in September’s Autumn tournament, now has his sights set on a record-extending 42nd career title. Although he has only one championship to his name this year, Hakuho is an eight-time winner in Fukuoka and is the defending champion.

If Hakuho manages another title with a 15-0 record at the tournament starting on 11 November, it will be the first time he has gone 15-0 in two straight tournaments in over five years.

However, there are concerns over his fitness after he underwent endoscopic surgery on his right knee earlier this month.

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China machine 'working very well' amid stimulus, Rio says www.mining.com

China’s stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group.

“The Chinese machine is still working very well,” CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.

China has had a spurt of local bond issuance intended to fund roads, homes and other infrastructure developments, while tax cuts and other fiscal stimulus measures are being used amid efforts to shore up growth. Data released last week show the impact has yet to kick in, with infrastructure investment sliding to the slowest growth since early 2014.

Jacques this month led a 60-strong Rio delegation on a week-long tour of customers, suppliers and partners in China, where the producer gets 44 % of its revenue.

“The Chinese government is putting more money into the system and is pushing infrastructure,” Jacques said in the interview, on the sidelines of the International Mining and Resources Conference in Melbourne. “What came slightly as a surprise to us is that they are putting more money at the provincial level.” The Chinese government is putting more money into the system and is pushing infrastructure

Trade tensions could actually offer a boost for commodities producers, if the result is improved domestic demand in China, the largest consumer of raw materials, Paul Bloxham, chief economist for Australia at HSBC Holdings Plc, said in a separate Bloomberg TV interview. Still, there’s some uncertainty over the outlook because of the risk that tariffs could dent global growth, he said.

“They have been pulling forward infrastructure projects, loosening monetary policy to try to provide support for domestic demand, and that in turn is supporting commodities prices,” Bloxham said. The bank expects prices to rise over the next couple of years on demand in China and as a result of under-investment by miners in new supply. “What happens with China’s domestic demand is really what drives the overall story.”

Over the short term, steel production in China is on track for an annual record and is supporting consumption of raw materials, Rio’s Jacques said. The nation’s dominance in electric vehicles, where China is the largest market, will also support longer-term demand gains for commodities including bauxite, aluminum and copper, Jacques said. “We have no doubt that China will lead the way in terms of the electrical vehicle revolution.”

Miners are looking for any impact of China’s winter capacity curbs on smokestack industries — part of a broader anti-pollution drive — amid the efforts to support growth, South32 Ltd. CEO Graham Kerr told Bloomberg TV in an interview. “It’s going to be interesting to see just how those winter cuts fall into play as they try to balance the environmental concerns with where the economy is at,” he said.

The impact of the China-U.S. trade war could be to crimp Chinese GDP growth in the range of 0.5 to 0.75 percentage points, BHP Billiton Ltd. Chief Commercial Officer Arnoud Balhuizen said at the conference. The world’s top miner has slightly revised down its expectations for world growth in 2019 and 2020, he said.

BHP hasn’t so far felt any impact on its business, and demand for steel-making ingredients will be underpinned by China and India over the year ahead, he said.

Rio, which has an exploration pact with China Minmetals Corp., is open to adding new partnerships with suppliers, customers or others in China, Jacques said in the interview. The producer has a partnership with Apple Inc. and Alcoa Corp. to produce greenhouse gas emissions-free aluminum, while the sector may need to consider better collaboration to develop new technologies like autonomous ships, he said earlier in a speech.

(By David Stringer, James Thornhill and Haidi Lun)

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Mongolia holds horse festival to boost winter tourism www.xinhuanet.com

ULAN BATOR, Oct. 29 (Xinhua) -- Mongolia will organize a horse festival in an effort to pass on the horse culture to future generations and boost winter tourism, organizers said Monday.

The annual "Horses of Mongolian Steppe" festival will be held for the fifth year in eastern Khentii province starting Friday.

Co-organized by the Ministry of Environment and Tourism and the Governor's Office of Khentii Province, the festival will feature multiple activities, including horse racing and lasso competitions.

Mongolia ranks among the top worldwide in terms of horse population.

According to the National Statistical Office of Mongolia, there were over 66.2 million livestock animals in Mongolia as of the end of 2017, of which almost six percent were horses.

However, the Mongolian herdsmen prefer to ride motorcycles and cars to look for livestock animals instead of riding horses, which makes the preservation of the horse-riding culture a necessity.

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Proposal to consult on self-dissolution of the Parliament sent www.montsame.mn

Ulaanbaatar /MONTSAME/ President of Mongolia Kh.Battulga handed over an official letter regarding “consultation” to Chairman of the State Great Khural M.Enkhbold on October 29.

In the official letter, President Battulga condemns the Parliament and the Cabinets that were formed as a result of the 2016 General Elections over failures to fulfill their election promises and work in conformity with the law in exercising the State power.

The official letter reads, “…The Members of Parliament, having fully surrendered to the ways of treating the budget with a pre-election attitude based on narrow interests, trifling with the national economy, and using their power and influence for personal gains, are completely exploiting the constitutional principle: “A member of the Parliament is an envoy of the people and represents and upholds the interests of all the citizens and the state.” This has led to the loss of public support and trust in the highest organ of State power and further to the lack of guarantee that the forming of third and fourth Cabinets would result in national development and tangible outcome.

The Constitution of Mongolia declares that the State power is vested in the people of Mongolia. In this solid case where the highest organ of State power, the members of which are elected by the citizens, has clearly lost the trust and support of the citizens, it is no longer in a position to carry out its mandate.

The Section 2 of Article 22 of the Constitution of Mongolia states that “The Parliament may decide on its dissolution if not less than two thirds of its members consider that the Parliament is unable to carry out its mandate, or if the President, in consultation with the Chairman of the Parliament, proposes to do so for the same reason.” The Section 11 of Article 12 of the Law of Mongolia on President states that “If it is considered that the Parliament is unable to carry out its mandate, the President shall officially notify to the Chairman of the Parliament on the proposal to consult on self-dissolution of the Parliament. The Chairman’s disapproval of the proposal will not prevent the President from proceeding with his proposal in the Parliament.”

Therefore, I am hereby delivering a proposal to consult on self-dissolution of the Parliament.”

Source: president.mn

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