1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Minister D.Tsogtbaatar met with U.S non government and private sector representatives operating in Mongolia www.mfa.gov.mn

On May 11th, 2018 H.E. Mr. D.Tsogtbaatar, Minister for Foreign Affairs of Mongolia met with country directors and representatives of U.S Peace Corps, the Asia Foundation, the International Republican Institute, the American Chamber of Commerce in Mongolia, the World Learning and the Mercy Corps. Chargé d’Affaires a.i. Mr. Manuel P. Micaller of the U.S Embassy in Ulaanbaatar was also present at the meeting.

During the meeting organizations have introduced the current works they are implementing and the works they are planning to implement in Mongolia. Minister D.Tsogtbaatar noted that the relations between the two countries should not only be an intergovernmental partnership, but also a broader humanitarian relationship between the two people. In this context, the activities of the organizations contribute in enriching the bilateral relations between Mongolia and the U.S and the Minister thanked the organizations for their contribution to Mongolia’s socio-economic development.

The two sides exchanged views on supporting volunteerism in Mongolia, continuing the “LEAD Mongolia” program, expanding the private sector cooperation between the two countries, implementation of beef export promotion project and other potentials and new opportunities of cooperation. The two governments expressed their support and willingness to cooperate within these works.

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Mongolian Foreign Minister to visit Russia www.news.mn

D.Tsogtbaatar, Minister of Foreign Affairs of Mongolia is to visit the Russian Federation on 16-17 May at the invitation of his Russian counterpart Sergey Lavrov.

During the visit, the Foreign Affairs Minister is expected to hold talks with senior Russian officials and exchange information on the implementation of the Mongolia-Russia Medium-Term Strategic Partnership Programme.

In addition, the two sides will discuss a wide range of issues including deepening bilateral cooperation in the areas of trade, economy and investment, as well as intensifying trilateral cooperation between Mongolia-Russia-China and studying possibilities for starting cooperation between Mongolia and the Eurasian Economic Union.

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Statistical review for mining sector introduced www.montsame.mn

Ulaanbaatar/MONTSAME/ On May 15, the Ministry of Mining and Heavy Industry called its regular press briefing ‘Transparent and Accountable Mining’. At the press conference, the Mining and Heavy Industry Minister D.Sumiyabazar briefed about first four months’ statistical review of the sector.

According to the first four months of 2018, gross production of industrial sector reached MNT 4.5 trillion, with an increase of MNT798.8 billion (21.5 percent) as compared with the same period of the previous year.

The production of mining and extractive industries increased by MNT567.9 billion (21.0 percent), which was mainly influenced by the increase of extractions of coal (35.4 percent) and metal ores (14.6 percent). Extractive industry makes up 72.3 percent in the gross production of industrial sector.

Major commodities of mining and extractive industries include 14.9 million tons of coal, 445.4 thousand tons of copper concentrate, 2.9 tons of gold, 1.8 thousand tons of molybdenum concentrate, 1.0 million tons of iron ore concentrate, 21.3 thousand tons of spar concentrate, 30.0 thousand tons of zinc concentrate, 2.3 million barrels of oil and 4.8 thousand tons of copper cathode.

As of the first four months of the year, the sector accumulated MNT694.8 billion to the state budget as taxes, fees and royalties. MNT 11.5 billion was accumulated from gold mining, MNT 255.8 billion--from coal, MNT 37.7 billion -- zinc, MNT 352.0 billion --copper, MNT 8.3 billion --iron, MNT 4.6 billion --fluorspar and MNT 25.0 billion from others. The income accumulated to the state budget increased by MNT 229.8 billion or 1.5 times, compared to the same period of the previous year.

In 2018, it is planned to extract 8.1 million barrel or 1.1 million tons of oil, accumulating MNT223.4 billion at the state budget. As of May 11, it has extracted 2.44 million barrel or 310 thousand tons of oil, with a 30.16 percent fulfillment of the plan. Moreover, 2.38 million barrel or 300 thousand tons oil were exported. As of April 30, the oil export brought MNT73.4 billion to the state budget.

M.Unurzul

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ADB financing to Mongolia totals over 2 billion USD www.theubpost.mn

The Mongolian government has been working closely with ADB since 1991. Over the past 17 years, Mongolia received 2.34 billion USD from ADB, according to Raushan Mamatkulov, the head of the Project Administration Unit at the ADB Mongolia Resident Mission. This is equivalent to 0.07 percent of ADB’s overall operation costs.

ADB operations in 67 countries, 48 in the Asia Pacific region, totaled 32.2 billion USD, including 11.9 billion USD in co-financing, last year.

As of March 31, 2018, the Mongolian government received 2.14 billion USD in loans (58 concessional loans and 14 ordinary capital resources), 103.8 million USD through 107 technical assistance and grants, 101.6 million USD in project and technical assistance co-financing, 94.5 million USD in non-sovereign loans (four loans), and 101.5 million USD in grant funding from the Japan Fund for Poverty Reduction.

To date, 38 loans and grants have been distributed to Mongolia through 29 projects with the total net amount of 1.15 billion USD. Currently, there are 43 ongoing technical assistance, 14 of which were approved in 2017. These assistances are worth 9.7 million USD. The total value of all ongoing technical assistance amount to 42.92 million USD and if we look closer at their allocation, 24 of them are for capacity building, 11 for project preparatory, seven for policy advisory, and one for regional technical assistance.
Loans and Grants approved in 2017

Last year, ADB projected almost 400 million USD for six new and ongoing projects.

No Project Name Amount (million USD) Source
1 Social Welfare Support Program, Phase II (PBL) 150.0 OCR
2 Banking Sector Rehabilitation and Financial Stability Strengthening Program 100.0 OCR
3 Ulaanbaatar Urban Services and Ger Areas Development Investment Program (Tranche-2) 67.85 OCR
4 Sustaining Access to and Quality of Education During Economic Difficulties Project 50.0 COL
5 Ensuring Inclusiveness and Service Delivery for Persons with Disabilities Project 25.0 COL
6 Community Vegetable Farming for Livelihood Improvement 3.0 JFPR
7 Ensuring Inclusiveness and Service Delivery for Persons with Disabilities 2.0 JFPR
TOTAL: 397.85 
OCR = ordinary capital resources, COL = concessional OCR lending, JFPR = Japan Fund for Poverty Reduction, PBL = policy-based loan

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Rio Tinto says climbing costs, resource nationalism once again big threats www.mining.com

World’s No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies’ investment decisions.

Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook. However, he mentioned volatility in markets, trade wars and governments efforts to get greater share of their mineral wealth — most times to the detriment of private companies — as growing concern for investors in the natural resources sector in the short-term.

Last year, Rio Tinto was responsible for half of the total cash returns across the mining sector.
“From the DRC and South Africa to Mongolia and Australia [resource nationalism] is gaining momentum,” he said, adding he was optimistic that common sense in all those cases would prevail.

Major miners operating in the Democratic Republic of Congo, Africa’s top copper producer and source of over 60% of the global cobalt supply, are vigorously fighting a new mining code. The fresh legislation strips away a stability clause protecting existing investments from changes to the fiscal and customs regime for 10 years, introduces a 50% windfall profits tax and gives powers to the mines minister to hike royalties on minerals considered “strategic”.

It all began in Indonesia, which imposed new rules on the exports of unprocessed ore early last year. Tanzania followed suit imposing two months later a ban on exports of gold concentrates. Something similar happened in South Africa, which last year unveiled a revised mining code that would have imposed a 1% tax on mining companies’ revenues – as opposed to their profits, as is common.

In Mongolia the government claims that Oyu Tolgoi, a copper joint venture run by Rio, owes $155 million in unpaid taxes. A claim the company denies.

Miners are also facing higher costs, Jacque said.“In this environment, asset quality really matters and operating capability is critical. Protecting margins and generating cash will be hard across the industry.”

Rio’s boss said that, despite the challenges, the industry should continue its efforts to keep costs and debt under control and so deliver better returns to shareholders.

“This is why we are actively shaping our portfolio to focus on the best assets…… in commodities with sound long-term fundamentals. This will further drive sector leading return on capital employed,” he said, adding that last year Rio Tinto was responsible for half of the total cash returns across the sector.

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HIV infections rise to 260 in Mongolia www.xinhuanet.com

ULAN BATOR, May 15 (Xinhua) -- The number of people who have tested positive for HIV rose to 260 in Mongolia after five new cases were registered in April, the National Statistical Office said in a report Tuesday.

More than half of the HIV-infected people are between 20 and 44 years old. About 99 percent of the infections were sexually transmitted, the report said.

The first case of HIV infection in Mongolia was recorded in 1992. Since then, 40 people have died of AIDS in this Asian country with a population of over 3 million.

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Project to develop community-based tourism launched www.montsame.mn

Ulaanbaatar /MONTSAME/ The launching of the Sustainable tourism and Inclusive Economy of Mongolia project was held on May 14. The National Development Agency, Thailand International Cooperation Agency (TICA) and Integrated Mineral Resources Initiative program (IMRI) of German Agency for International Cooperation (GIZ) started the project in January, 2018.

The 2.5-year project aims to develop local community-based tourism. This is a good way for people to improve their income by introducing their traditional lifestyle to foreign tourists while restoring and preserving the forgotten heritage. The project will be implemented in Bayankhongor, Uvs and Selenge aimags in cooperation with the world’s tourism leader, Thailand.

Deputy Director-General of TICA Banchong Amornchewin said “I am delighted to share Thailand’s experience, achievements and advantages in tourism sector with Mongolia. Last year, Thailand welcomed 35 million tourists. Bangkok is the leader in attracting international tourists, followed by London. We will share not only the achievements, but also the failures we experienced.”

Total budget of this project is about EUR 500.000 and 200.000 will be funded by the German Government, another EUR 200.000 by the Government of Thailand and EUR 50.000 by Mongolian Government.

B.Misheel

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Rising Mobile Broadband Penetration Continues to Drive Mongolia’s Telecoms Market www.theexpertconsulting.com

An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Mongolia – Telecoms, Mobile and Broadband – Statistics and Analyses“. This report provides a comprehensive overview of trends and developments in Mongolian telecommunication market. Mongolia possesses a liberalised and competitive telecoms market served by multiple competing players and an incumbent operator that no longer holds a dominant share of its market. The growing popularity of mobile broadband has underpinned overall broadband and telecoms growth. This trend is consolidating Mongolia’s position as a “mobile first” telecoms market and shaping the future direction of Mongolia’s developing digital economy.

Request For Sample Report- https://www.marketresearchhub.com/enquiry.php…

Mongolia is ranked 14th out of 34 with a Telecoms Maturity Index score of 42. This ranks Mongolia 7th last in the “Market Challengers” category. (BuddeComm’s “Asian Telecoms Maturity Index”, is an index (on a scale between 0 and 100) that measures and ranks the relative maturity of the telecoms industry in all of the 34 countries in Asia.) Compared to other Asian nations, Mongolia has moderate mobile penetration, moderate mobile broadband penetration and low fixed broadband penetration.

The penetration of fixed lines in Mongolia has increased strongly over the past five years as a higher proportion of residences decide to take a fixed line access option. Penetration is however predicted to only increase slightly over the next five years to 2022. There is a continued migration from fixed-line services to mobile operators that have a much higher availability in the rural areas and access to applications and services in the urban areas.

Fixed broadband penetration in Uzbekistan remains low mainly due to a limited number of fixed lines and the dominance of the mobile platform. However the market has grown very strongly over the past five years from a very small base. Over the next five years to 2022 moderate growth is expected to continue. A major driver of broadband growth among the general population will be affordable access to relevant content.

Mongolia’s mobile market has experienced relatively slow growth over the past five years in a relatively mature market. High mobile penetration levels in Mongolia are also indicative of healthy competition. Slow to moderate growth is predicted over the next five years to 2022. The market will be constrained from higher growth due to strong local competition and a further maturing market.

Browse Full Report with TOC- https://www.marketresearchhub.com/…/mongolia-telecoms-mobil…

Mobile broadband has become an increasingly attractive proposition due to the increasingly faster speeds offered coupled with improving tariffs due to strong competition among the four mobile network operators. Mobile broadband subscriptions grew rapidly commencing in 2012, with this growth attributed to the increasing popularity of 3G mobile broadband products.

The launch of 4G LTE services by all the major operators will see the uptake of mobile broadband customers continue to grow strongly over the next five years to 2022.

In May 2018 South Korea’s KT Corp completed the sale of its 40% stake in Telecom Mongolia back to the Mongolian government.

Key Developments:

The penetration of fixed lines in Mongolia has increased strongly over the past five years.
Over the next five years to 2022 moderate growth is expected to continue in the fixed broadband market.
The launch of 4G LTE services will see the uptake of mobile broadband customers continue to grow strongly.
MobiCom launched its first LTE-A services.
South Korea’s KT Corp completed the sale of its 40% stake in Telecom Mongolia back to the Mongolian government
Enquire about this Report- https://www.marketresearchhub.com/enquiry.php…
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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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UN Special Rapporteur urges Mongolia to raise standards www.unwater.org

The UN Special Rapporteur on the human rights to safe drinking water and sanitation, Léo Heller, has called on the Government of Mongolia to do more to meet the water and sanitation standards set by the SDGs.
Heller’s report highlights existing disparities between nomadic, rural and urban populations, and between apartment-dwellers and those who live in ger, traditional yurts that usually lack sewage connections rely on mobile water sales for drinking water.

He notes that sufficient access to water for nomads’ personal consumption and livestock could help prevent large-scale migration into cities and rural towns.

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Chinese scrap ban won't do much for copper price www.mining.com

On Monday copper for delivery in July fell back in the red on the Comex market in New York at $3.088 per pound or $6,800 a tonne as traders ponder rising trade tensions between the US and China, the globe's number one metals consumer.

The industry is gathering in Hong Kong for LME Asia Week, but spirits may be dampened somewhat by a new report giving a muted assessment of the effects of Beijing's ban on certain types of copper scrap imports.

The overall net impact on the supply of copper scrap in China will be much smaller at around 100 kiltonnes
The price of copper rallied from the mid $2.60s when rumours of a ban first emerged in August-September last year, but last month's official confirmation from Beijing has done little for the price.

Yanting Zhou and Sifang Liu, senior consultants for Wood Mackenzie, a research house, says while the ban only comes into effect at the end of the year most of the impact will be felt in 2018.

China's so-called category 7 scrap which includes electrical cables and motors with as little as 5% copper content need processing before it can be used in smelters and refineries and imports have already plummeted this year.

Category 6 imports (average 95% copper content) can be fed directly to refineries and are not banned. Processors outside China have sprung up in anticipation of the ban, and together with rising Chinese domestic scrap supply, would fill most of the shortfall says Wood Mackenzie:

Although import volumes of category 7 copper scrap will decrease in 2018, we anticipate that imports of category 6 copper scrap will rise as scrap-processing capacity is built up outside China. Meanwhile, domestic scrap supply is also expected to accelerate this year.

Overall, we believe the import ban will lead to a loss of around 300 kt of copper contained in imported scrap in 2018. The overall net impact on the supply of copper scrap in China will be much smaller at around 100 kt given the anticipated increase in domestic scrap supply this year.

The authors believe in 2019, Chinese copper scrap supply would return to positive growth again, rising by roughly 70kt.

Sentiment sours
After a 30% price jump in 2017, copper is down 6% so far in 2018 and the shift in sentiment is evident on derivatives markets with changes in the positioning of large-scale derivatives speculators such as hedge funds.

After hitting an all time record in September last year amid the excitement around the Chinese import ban, a month ago net long positions – bets on higher prices in future – fell to the lowest level since October 2016 (copper was trading around $2.20 a pound then).

While bullish positioning has improved, according to the CFTC's weekly Commitment of Traders data, so-called managed money investors were back in selling mode last week reducing net longs by 22%.

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