1 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      2 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      3 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      4 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      5 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      6 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      7 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      8 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      9 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      10 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

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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Mongolbank purchases 988.8 kg gold in April www.montsame.mn

Ulaanbaatar /MONTSAME/ In connection to the Alt -2 program of the Bank of Mongolia (BoM), the bank’s gold purchase has increased. As of April 31, 2018, the BoM purchased 988.8 kgs of gold, reported on May 16.

The bank has purchased 3.2 tons or 3290.6 kg of gold in the first four months of 2018, which was increased by 257.6 kg compared to the same period of the previous year.

The BoM is purchasing gold at MNT 103,531.75 per gram, the same price as London Metal Exchange. The bank’s average gold purchase rate is MNT 102,000.96 per gramm.
E.Altanzul

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Samurai sword-armed men target police station www.bbc.com

Four men who attacked a police station with samurai swords in Indonesia have been shot dead, authorities say.

The group began the assault by ramming a car into the police headquarters in the town of Pekanbaru in Riau province.

A police officer was killed and one of the assailants arrested. The Islamic State (IS) group has claimed the attack via its news outlet.

It comes after a series of suicide attacks carried out by families that have shocked the country.

Police blame a local IS-inspired group, Jemaah Ansharut Daulah (JAD), for the attacks in the city of Surabaya.

Indonesia is the world's most populous Muslim-majority country.

Following the 2002 Bali bombings, it had been widely praised for its sustained anti-terrorism crackdown.

Parents who bring their children to die
Why is Indonesia a target for IS militants?
It managed a combination of arrests and killings, alongside a de-radicalisation program that focused on changing minds and providing alternative incomes for released terrorists.

But, the country now faces a new threat, in part from from IS fighters who have come home after combat in Syria.

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George Soros comes to the rescue of sinking Tesla www.rt.com

Billionaire investor George Soros has invested in electric car maker Tesla at a time when the company is facing stock sell-off amid severe production and legal problems.

Soros Fund Management invested $35 million in the convertible bonds of Tesla, which are due in March 2019, Reuters reports quoting the US Securities and Exchange Commission. This is not the first collusion between Soros and Tesla CEO Elon Musk. In 2016, Soros helped Musk raise $305 million on SolarCity Corp, a debt-laden solar panel firm backed by Musk and a part of Tesla now.

Tesla has faced many troubles in the last few weeks. Investors are concerned about the company’s ability to produce its cheaper Model 3 sedan. A crash which involved Tesla’s autopilot added concerns about the firm. On Wednesday, Tesla was trading at $283.87 per share, continuing to lose the temporary rebound it saw last week.

Earlier this week, Musk said the firm undergoing a “thorough reorganization.” In the last year alone, Tesla lost over $2 billion. The company was losing $6,500 every minute and needs another $2 billion to get through the current year, according Bloomberg estimates. The problems continued this year after the company lost almost $710 million in the first quarter of 2018.

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Mongolia to hold forum on renewable energy www.xinhuanet.com

ULAN BATOR, May 16 (Xinhua) -- Mongolia will hold the 9th National Renewable Energy Forum here on May 24, organizers said in a statement on Wednesday.

The annual forum is co-organized by Ministry of Energy, the Energy Regulation Commission of Mongolia, the Mongolian Renewable Industries Association and the Mongolian Wind Energy Association.

This year's forum is expected to cover topics such as establishing independent grid in remote area, current renewable energy situation on grid, opportunities of reducing air pollution using renewable energy in urban areas.

Currently, the number of attendees of this year's forum has reached 600.

Mongolia has enormous potential for the development of renewable energy.

The East Asian country with a population of just over three million enjoys more than 250 days of sunshine a year.

The country's renewable capacity nearly doubled last year, reaching 155 MW, according to data from the Ministry of Energy.

The landlocked country installed its first large solar power plant, with a capacity of 10 MW, in Darkhan-Uul province, in the north of the county, in January 2017. Its second wind farm, the 50 MW Tsetsii Wind Farm, also opened in October of that year.

Mongolia seeks to provide sufficient heat and electricity to its population, especially in rural areas, and renewable energy projects are seen as a possible solution.

According to Mongolia's Ministry of Energy, the country has a potential wind capacity of 1,100 GW.

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V.Lavrov: Mongolia to have many opportunities with Greater Eurasian Partnership montsame.m

Moscow /MONTSAME/ During his working visit to Moscow, Foreign Minister of Mongolia D.Tsogtbaatar met with his counterpart S.N.Lavrov on May 16. After the meeting the Foreign Ministers held a press conference.

At the press conference, the parties expressed their interest in expanding active cooperation in broad spheres including the Shanghai Cooperation Organization (SCO), United Nations (UN) and Organization for Security and Co-operation in Europe (OSCE).

“We exchanged views on some issues regional and international communities are facing. Moreover, we have agreed to continue our cooperation in major fields like SCO, UN and OSCE. By improving relationship with the Eurasian Economic Union (EAEU) Mongolia will be able to increase trade turnover, attract investment and expand regional and border cooperation. The second meeting of the working group to expand cooperation between the Government of Mongolia and EAEU was held in 2017 in Ulaanbaatar. I am confident that the work will continue intensively in the future” said Foreign Minister of the Russian Federation S.V.Lavrov, noting that there will be many opportunities for Mongolia with the Great Eurasian partnership. He also emphasized that Russia will support Mongolia in all aspects with this great start.

Foreign Minister of Mongolia D.Tsogtbaatar said “At the initiative of Mongolia, Mongolia-Russia cooperation has expanded to trilateral cooperation including the People’s Republic of China. Mongolia is paying close attention to the Mongolia-Russia-China Economic Corridor Program. A meeting of three leaders are planned in June, during the SCO summit in Qingdao, China. Mongolia has began studies and is creating a favorable legal environment to conclude free trade agreement with the EAEU.”

Minister S.V.Lavrov noted that the document on expansion of trilateral cooperation based on agreements between the leaders of Mongolia, Russia and China will be approved soon.

“The Mongolia-Russia-China Economic Corridor Program includes quite feasible projects in infrastructure, railway transportation and logistics service. Documents related to the program are ready and will be approved soon. We are making a great effort to satisfy Mongolia's interests, including making transit transportation between Russia, China and Europe. Mongolia’s transit transportation increased by 2.7 times last year, if I’m not mistaken. This growth demonstrates the potential for further transportation increase” said Minister S.V.Lavrov and noted that the meeting with the Foreign Minister of Mongolia was effective.

B.Misheel

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P.Gankhuu appointed Erdenes Mongol LLC CEO www.montsame.mn

Ulaanbaatar /MONTSAME/ The Board Meeting of ‘Erdenes Mongol’ LLC made a decision on May 16 to appoint former Energy Minister P.Gankhuu as CEO of ‘Erdenes Mongol’ LLC, dismissing Ts.Tumentsogt.

P.Gankhuu holds Master's degrees in economics from Sydney University and Senshu University of Japan. Previously, he worked as Minister of Energy in 2016-2017, Head of a Department of the Ministry and served as an acting chairman of Energy Authority.

B.Batchimeg

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Over 8600 hectare area to be allocated for free ownership of citizens this year www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on May 16, the Cabinet approved ‘The total size, locations and purposes of the land to be owned by citizens in 2018’ based on proposals of the Citizens’ Representatives Meetings of aimags and Ulaanbaatar city.

The Citizens’ Representatives Meetings of aimags and Ulaanbaatar city submitted a proposal on allocating 8605 hectare area free for ownership with purpose of family needs and 30 hectare area for business purpose. Eight percent of the land to be owned for business purpose will be allocated for cropping potato and vegetables whilst 92 percent will be allocated for other purposes except farming.

M.Unurzul

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Financial difficulties of Baganuur and Shivee-Ovoo companies to be resolved www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on May 16, the Cabinet made a decision to study a possibility to count loan of MNT110.7 billion, issued from the World Bank and Japanese Government to the Mongolian government, as investment to the coal mines Baganuur and Shivee-Ovoo.

It was decided to scrutinize estimations of the investment required to secure constant operations of Baganuur and Shivee Ovoo companies and expand their capacities with technical modernizations, and resolve the financial sources within next month.

The Cabinet obliged the Board of Directors of ‘Erdenes Mongol’ LLC and ‘Erdenes Tavan Tolgoi’ JSC to settle short-term payables of Baganuur and Shivee-Ovoo companies by June 1 with their internal resources, and corresponding minister to take stage by stage measures to increase the coal price to its actual cost.

Certain measures will be also taken to increase profitability of the companies, reduce production costs and improve its management.
M.Unurzul

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Mongolia’s fruit production covers only 1.5 percent of domestic demand www.ubinfo.mn

After having commissioned the Elbeg Urgats greenhouse farm in 2012, Munkh Nogoon Tal LL C is currently running a winter and summer greenhouse farming in Bayantsogt soum of Tuv aimag. The company is cultivating Holland strawberry in 4 thousand square meters of glasshouse and started experimenting cultivation of red and black raspberries this year.

In 2017, Munkh Nogoon Tal LL C yielded 5 thousand kilograms of strawberry and this year the company plans to increase its yield up to 8 thousand kilograms. The strawberry is planted in soil and hydroponically.

Moreover, Nogoon Sor LLC has been cultivating strawberry, watermelon and grape since 2009. In 2017, Nogoon Sor LL C harvested 20 tons of strawberry; however, due to technical problems, strawberry yield is expected to drop to 12 tons. Last year, the company harvested 24 tons of watermelon and is now expecting 35 tons of watermelon. Nogoon Sor LLC has been experimenting to plant peach since 2015 and plans to cultivate more fruits in the future.

Since 2005, Atriin Shim LL C has been cultivating four types of fruit in greenhouse. In 2017, the company harvested over 20 tons of fruit and expects 30 tons this year. The company has greenhouses in Sergelen soum of Tuv aimag and 40 percent of the greenhouses is dedicated to fruit and other 60 percent are for vegetables.

According to the Mongolian Federation of Greenhouse Farming, Mongolia imports 18-22 thousand tons of fruit annually. Each year, Mongolia produces over 2560 tons and 10 types of fruit, of which almost 92 percent of the entire production comes from sea buckthorn. However, this only covers 1.5 percent of domestic fruit demand.

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Trump talks trade with China as project linked to his company gets Chinese business www.cnn.com

President Donald Trump is negotiating with China on trade while the Trump Organization is involved in a deal linked to a Chinese developer.
A state-owned Chinese construction company, MCC Group, said last Thursday it had formalized plans to develop a theme park in Lido, Indonesia. The park is part of a broader project called MNC Lido City, and the Trump Organization has existing licensing agreements for other components of the project.

The Trump Organization in 2015 said it would partner with MNC Land, the Indonesian developer in charge of the project, to put the Trump name on a golf course, luxury hotel and residential development on the premises.
The company said on Tuesday its licensing deals are separate from the China-backed development of the theme park.

"The theme park project is wholly owned by MNC Land and has no relationship to the Trump Organization," the company said in a statement. "MNC Land's relationship with the Trump Organization consists of management agreements that were signed in 2015 for luxury hospitality and residential projects owned by MNC Land at MNC Lido City and MNC Bali Resort." (The Trump Organization also partnered with MNC on a resort in Bali, Indonesia.)

When asked for comment, MNC provided the same statement as the Trump Organization.

China's commitment to the Indonesian project comes as Trump and his administration are engaged in high-stakes talks with Beijing on trade.

On Sunday, in a move that surprised many, the president tweeted that he's working with Chinese President Xi Jinping to help Chinese state-controlled phone and telecom equipment maker ZTE get back into business, adding the "Commerce Department has been instructed to get it done!"

ZTE (ZTCOF) said last week that it halted its main operations after the Trump administration banned American companies from selling it vital components.

Negotiations are ongoing, Trump said Tuesday morning. Chinese Vice Premier Liu He is scheduled to be in Washington Tuesday through Saturday for a second round of trade talks amid escalating threats of sanctions.

Trump isn't in charge of the Trump Organization anymore, but he has not sold his ownership stake in the company. His sons, Donald Jr. and Eric, took the reins of the company after their father took office and stepped away from his business empire.

But ethics experts have questioned how effective Trump has been in separating himself from his businesses and potential conflicts of interest.

"He hasn't done what everybody else did for 40 years — Republicans and Democrats — and set up a blind trust," said Norm Eisen, the former ethics chief for President Barack Obama and a CNN contributor. "He's simply maintained ownership of his properties."

(Eisen is involved in lawsuits against Trump alleging that the president's acceptance of payments and other benefits from foreign governments is in violation of the Constitution.)

A Chinese construction company has formalized plans to develop the theme park, which is part of a project for which the Trump Organization has licensing agreements.
The Trump Organization has been involved in the Lido project, which is less than 50 miles from Jakarta, since at least 2015. The company reported income from the partnership in 2016 and 2017.

"Trump Hotel Development is involved in the master plan of this spectacular development, which will include the first Trump golf course in Asia as well as a world-class spa, luxurious hotel and residences," Donald Trump Jr., said in a statement in September 2015.

In the same press release, MNC CEO Hary Tanoesoedibjo touted what he called an "integrated lifestyle resort destination," and noted MNC's plans to develop Indonesia's first "world-class" theme park in addition to the Trump luxury properties.

In June 2016, MNC said that it had secured an agreement with the Chinese construction firm, MCC, to design and build "a world-class integrated theme park resort in Lido."

Last week, MCC said that subsidiary China Jingye had finalized the deal.

China's interest in building the theme park is connected to its One Belt, One Road initiative, which seeks to expand China's international footprint by pumping hundreds of billions of dollars into railways, roads, ports and other projects across Asia, Africa and Europe.

MCC did not immediately respond to a request for comment on Tuesday about the deal, or whether the timing is related to negotiations with Trump on trade.

-- CNN's Cristina Alesci, Melanie Schuman, Laura Dolan and Ivan Watson contributed to this report.

CNNMoney (New York)
First published May 15, 2018: 10:11 PM ET

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