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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Spy arrest! Foreigner arrested in Ulaanbaatar www.news.mn

A foreign citizen was taken into custody in C block of the Golomt apartment complex, which is located near the Western Road Intersection in Ulaanbaatar, earlier today (2 October). According to the General Intelligence Agency of Mongolia, the unnamed foreign national living in Ulaanbaatar was arrested on Tuesday for allegedly spying. Furthermore, intelligence officers have seized four boxes of evidence from the home the suspect. The special operation lasted for two hours and shocked neighbours.

Under the law, if a foreign citizen undertakes espionage in Mongolia, they will be punished by 12-20 years imprisonment.

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Partners announce $31bn Canada LNG project gets go ahead www.bbc.com

A major C$40bn ($31.9bn; £24.6bn) liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners.

The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation.

It is the single largest private sector investment project in Canada's history.

The project is expected to supply 26m tons of LNG exported annually to emerging Asian markets.

Canada is committing C$275m in federal support to the LNG Canada project for infrastructure and marine and environmental protection.

LNG Canada is the joint venture company representing the five partners. LNG Canada partners announced their positive final investment decision late on Monday.

The project "is a vote of confidence in a country that recognises the need to develop our energy in way that takes the environment into account, and that works in meaningful partnership with Indigenous communities", said Canadian Prime Minister Justin Trudeau on Tuesday.

The project is expected to have the lowest carbon intensity of any large LNG facility in the world, he said.

The LNG facility will be built in Kitimat, a town in north-western British Columbia (BC).

Construction on the project is expected to begin this year, with a large-scale LNG export terminal in service by 2024.

With a terminal on Canada's pacific coast, BC LNG will be able to be shipped to energy hungry markets in Tokyo or Shanghai within 10 days.

Getting the LNG project off the ground could be considered a win for the Trudeau government, which has struggled to get major energy projects built in Canada.

Canada to buy Kinder Morgan pipeline assets
Royal Dutch Shell, which has a 40% working interest in the project, is banking on global demand for LNG to double by 2035, much of it driven by Asian markets where natural gas is expected to replace coal use.

The project had been in the works for years but faced a significant delay in 2016 amid weak LNG prices.

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Mongolia to send military personnel to Afghanistan for NATO-led mission www.xinhuanet.com

ULAN BATOR, Oct. 1 (Xinhua) -- Mongolia will send its 8th contingent military personnel to Afghanistan on a NATO-led mission, authorities said on Monday.

"The 113-member contingent will depart from the Mongolian capital Ulan Bator on Thursday to participate in the NATO-led Resolute Support Mission (RSM)," Enkhjargal Batjargal, captain and public relations officer of the General Staff of the Mongolian Armed Forces, told Xinhua.

The contingent will be stationed near the Afghan capital of Kabul, and will focus on advice, support and training of the country's security forces, he said. The RSM is a NATO-led mission launched in January 2015.

According to the captain, a total of more than 4,500 Mongolian military personnel have participated in NATO-led missions in Afghanistan since 2003.

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What does the China-Mongolia-Russia Economic Corridor mean for Mongolia? www.beltandroad.ventures

(Guest contribution by Connor Judge. Connor is a PhD Candidate at SOAS, University of London specializing in Chinese history and China-Mongolia relations. He holds an MA in International Relations from the University of Nottingham, Ningbo China, where his research focused on Eurasian regionalism and Mongolia’s economic development. His research output is supported by the Wolfson Foundation.)

2019 marks 70 years of diplomatic relations between China and Mongolia. The two countries are eager to use the opportunity to strengthen relations and lay out a blueprint for future cooperation. It was in this context that Chinese Foreign Minister Wang Yi visited Mongolia in late August. During the visit, it was agreed that both sides would accelerate construction of the flagship China-Mongolia-Russia Economic Corridor (CMREC), one of the key corridors under the Belt and Road Initiative (BRI).

The central CMREC route (also known as the “Prairie Road” (Талын зам\草原之路) “starts” at the port of Tianjin, China and heads northwest before entering Mongolia at the Erlianhaote border crossing. In practice however, Siberian and Mongolian resources are exported out of Tianjin. The route then heads through Mongolia before entering Russia along the trans-Siberian express at Ulan Ude. For North East China’s provincial powerhouses, this primary route represents the shortest path to Europe; and Mongolia is keen to position itself as the pivotal logistics hub.

Container trains have already traversed the new corridor. The Mongolian Vector (Mongolia-Brest, Belarus) and Zhengzhou-Hamburg (China-Mongolia-Germany) trains have already been running successfully along the route and are providing European firms with potential for both Mongolian and Chinese market access; as well as vice-versa.

Other CMREC routes face delays

Beyond this central route, alternative ideas have been put forward for CMREC, but progress has been slow.

● Tavan Tolgoi Rail Project: Seeks to link Mongolia's giant Tavan Tolgoi coal mine to the Chinese border. $200 million has already been invested. However, funding for the route, contributed thus far by Shenhua Group and Sumitomo Corporation, falls short by $800 million.

● The Mongolian government was also enthusiastic about integrating a rail route stretching from Choilbasan to the town of Ereentsav near the eastern Russia-Mongolia border within CMREC, but China has been less receptive to this.

● A proposed Sainshand-Ereentsav, Nomrog, Bichil crossrail is also seeking funding from the Silk Road Fund (SRF) and Asia Infrastructure Investment Bank (AIIB).

● The construction of an international UHV electric transmission “super grid” along CMREC routes and existing grid upgrades are also being considered at multilateral dialogues.

Mongolia is pushing China and Russia to turn words into action

Financing, rail gauge incompatibility, customs, environmental and broader conceptual issues continue to be roadblocks for CMREC and the proposed projects mentioned above. Mongolia nonetheless is keen to resolve these issues. As a result, Mongolia is an active and vocal BRI partner, while simultaneously pursuing a self-promotion drive. For example, former Mongolian Transport Minister Jadamba attended a plenary Transport and Logistics in Eurasia conference in Moscow in December 2017 in which he reiterated Mongolia’s pivotal role as the “shortest” path between Europe and Asia, while also emphasizing Mongolia’s desire to seek third-party partners for CMREC and mineral export financing.

More recently in June 2018, the Mongolian President Khaltmaagiin Battulga also spoke at the Mongolia-Russia Economic Forum where he promoted the Altanbulag FTZ at the northern extreme of the central route, efforts to significantly increase trade turnover with Russia by 2020 and establishing of an FTA with the Eurasian Economic Union.

In the same speech, however, Battulga stressed that CMREC “remains no more than a dialogue today” and that Mongolia expects deeper reciprocation of its “robust implementation” of the project. Battulga continues to seek more buy-in from Russian and Chinese partners, and at the Shanghai Cooperation Organization (SCO) summit in June 2018, the three CMREC country leaders arrived at a further consensus on expanding CMREC, but also agreed that Mongolia should engage more with the SCO. Subsequently, Mongolia participated alongside China in the Vostok games, Russia’s largest war games since 1981.

Hedging bets?

Faced with challenging realities of landlockedness, Mongolian officials recognize that rail and road infrastructure remain key to the economy’s sustained growth and development (following a lamentable $5.5 billion IMF bailout package in 2017). As such, Mongolia recognizes that, if implemented well, CMREC could be a game changer and hence is pressing for it with vigour.

At the same time, Mongolia is wary of economic over-reliance on China and the asymmetric implications that may come with CMREC. Already, around 80% of Mongolia’s export volume goes to China (primarily copper, coal and gold). This explains why Mongolia is seeking additional international investment partners and political allies, including agreeing to expand a comprehensive partnership with the US. Additionally, despite Chinese interest, the Mongolian government continues to lease the “backbone” of the Mongolian mining industry, the South Gobi Oyu Tolgoi mine, to Canadian Ivanhoe Mines and multinational Rio Tinto.

Mongolian interests

Nevertheless, the overall trend for Mongolia’s economic engagement with China remains positive. The Mongolian side likewise appears willing and invested in CMREC and stakeholders can safely assume this attitude will persist. For Mongolia, CMREC embodies fervent hopes for sustainable regional collaboration and development.

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China And Russia Eye Mongolian Gas Route www.rfa.org

Warming relations have renewed prospects for delivering Russian energy supplies through Mongolia to China as rising demand competes with historical mistrust.

Hopes for transit through Mongolia appeared to brighten last month following a meeting of the three countries' presidents at Russia's Eastern Economic Forum in Vladivostok.

Mongolian President Khaltmaagin Battulga took the occasion to repeat his appeal for new oil and gas pipeline routes through his country, eliciting a positive response.

"This is all in the works," said Russian President Vladimir Putin on Sept. 12, Interfax reported.

Chinese President Xi Jinping's reaction to the pipeline plan was not reported, but in a speech at the forum, Xi called for regional cross-border links.

"We need to make connectivity a priority. We need transnational infrastructure," Xi said, according to Platts Commodity News.

"Based on the principles of mutual trust, ... China is willing to work with Mongolia to seize opportunities, remove interferences and solidly carry out exchanges," Xi said earlier in June.

In a further sign of improving relations, contingents from both China and Mongolia joined in Russia's massive Vostok-18 military exercises in Siberia last month.

In June, the three countries agreed to establish a "China- Russia-Mongolia economic corridor." Last month, Battulga also hailed China's cooperation on a high-voltage transmission project as the start of a Northeast Asian electricity grid.

According to a recent report by Mongolia's English-language UB Post, a cooperation agreement has been signed for a trans-Mongolian gas pipeline project by China Railway 25th Bureau Group Co., Ltd. and a Chinese investment company "that could not be identified in English."

No further details on the agreement have been available.

Support for Mongolian energy transit has been building since the first trilateral meeting in 2014 with then-President Tsakhiagiin Elbegdorj at the Shanghai Cooperation Organization (SCO) summit in Dushanbe, Tajikistan.

That meeting followed two weeks after Xi's icebreaking visit to Ulan Bator, marking the first trip by a Chinese president to neighboring Mongolia in 11 years.

Four years of bridge building have so far produced a series of optimistic statements on the pipeline possibilities but, so far, few results.

"We generally support the idea," Putin said in June during the last trilateral meeting. "But of course, as always in such cases, you need to thoroughly work out the feasibility," he said at the last SCO summit in China's port city of Qingdao.

Complicating factors

Behind each of the positive statements are a series of complicating factors and considerations that have slowed developments down.

From Russia's standpoint, building a gas pipeline across the Mongolian steppe is likely to be faster and easier than completing its planned 2,800-kilometer (1,740-mile) western route through a narrow corridor to Xinjiang over the remote Ukok Plateau of the Altai Mountains.

Among other problems, the Altai nature reserve area has been designated as a world heritage site by UNESCO, the United Nations Educational, Scientific and Cultural Organization.

The proposed mountain route through the Kanas Pass is said to be at an elevation of 2,650 meters (8,690 feet).

Despite the drawbacks, Russia's monopoly Gazprom has pushed the Altai project for over a decade as its preferred option to supply China, even as it rushes to complete its 4,000-kilometer (2,485-mile) Power of Siberia eastern route.

The giant pipeline is scheduled to open in December 2019.

The Power of Siberia line is designed to deliver 38 billion cubic meters (1.3 trillion cubic feet) of gas per year while the Altai project would supply 30 billion cubic meters annually.

A Mongolia route could break the Altai impasse, avoiding both the mountains and restive Xinjiang, which already has a surplus of resources and pipelines.

"I don't think the Chinese are particularly interested in Altai, in spite of the change in rhetoric," said Edward Chow, senior fellow for energy and national security at the Center for Strategic and International Studies in Washington.

Chow said the project would "get gas to the wrong place" in China, far from its biggest consuming markets in the east.

"From an energy supply and logistics point of view, it strikes me that Mongolia makes more sense," he said.

But Russia's reports on a Mongolian option stress that all of its gas routes "are direct pipelines from Russia to China without transit states."

The argument makes Putin's comment that something is "in the works" all the more remarkable, suggesting that Russia's policy on the Altai route could be subject to change.

When asked about the Altai plan at the Vladivostok meeting, Russian Energy Minister Alexander Novak told Reuters that President Xi had set the task of "concluding the agreement of a contract on gas supplies ... in the nearest future."

"All the technical conditions have been agreed," Novak said, repeating a statement that Russian officials have been making for years.

Officials said they had been tasked with signing a contract for gas supplies from the western route by the end of this year, but the completion of the Altai pipeline was originally set for 2015.

From China's standpoint, the openings to Mongolia have been aimed at steadily building trust with investment in projects such as renovating Ulan Bator's shantytown districts.

The unusual aid for a social welfare project in a neighboring country may be needed to overcome historic resentment in Mongolia, which gained independence from China in 1911. Past reports suggest that China's commercial mining investments in Mongolia have stirred public anger.

"From the steppe to the streets of the capital, Ulan Bator, Mongolians evince a distrust of Chinese," the Associated Press reported in 2012. "Almost everyone says China is stealing Mongolia's coal."

Leaning towards Russia

Although China is Mongolia's top trading partner, the country has leaned heavily toward Russia since Soviet times.

In the past, mistrust between Mongolia and China has worked both ways with regard to energy transit.

Before Russia opened a direct branch to China for oil exports from its East Siberia-Pacific Ocean (ESPO) pipeline in 2011, it tried to supply China through two Trans-Siberian Railway routes.

Most of the oil traffic was routed through the more distant Zabaikalsk border crossing with China to the east, avoiding Mongolia, while smaller volumes were shipped across Mongolia through the Naushki crossing in southern Siberia.

After a series of complaints over high tariff costs on both routes, the Mongolia traffic was halted entirely in 2007 amid reports that China considered it less secure. The border between the two countries is 4,700 kilometers (2,920 miles) long.

A decade later, Russian energy supplies and routes to China have increased dramatically along with Chinese demand, particularly for gas.

China's gas consumption rose 15 percent last year, according to the National Bureau of Statistics (NBS), and increased by 17.5 percent in the first half of 2018 as the government pursued its push for cleaner-burning fuels.

The question is whether conditions have changed enough for China to rely on Mongolian transit.

In an interview, Chow said the statements at the latest meeting of the three presidents should not necessarily be taken as signs of progress on either the Altai or Mongolian supply routes.

"My instinct is that every time Xi and Putin meet, they have to announce something, and gas seems to be one of the favorite topics," he said. "They can't meet and not have something to announce."

Moscow has continued to press its case for the Altai project because it would rely on its well-developed resource base in Western Siberia, which also serves Europe, spurring competition for Russian gas.

But Chow said that China wants nothing to do with the Russian strategy.

"It does nothing for the Chinese," he said.

(An analysis by Michael Lelyveld)

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Mongolia to establish sovereign wealth fund www.news.mn

Mongolia will establish a sovereign wealth fund next year as part of its strategy to manage growing revenues from its resources.

The government of Mongolia made the decision during a regular meeting on Friday in a bid to save money from natural resources for future generations.

Mongolia plans to transfer 553 billion Mongolian tugrik (217.3 million U.S. dollars) from its resource revenues into a fund called “Future Heritage” in 2019. Afterward, one trillion Mongolian tugrik (392.9 million U.S. dollars) will be put into the fund every year.

Mongolia’s economy is heavily dependent on mining and commodity exports. Currently, mineral products account for over 90 percent of the landlocked country’s total exports.

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President Kh.Battulga addresses at the opening of Autumn Session of the Parliament www.montsame.mn

Ulaanbaatar/MONTSAME/ President Khaltmaagiin Battulga addressed at the opening of the Autumn Session of the Parliament on October 1.

In his speech, the President asserted that Mongolia is suffering from a systematic crisis that is the reason and root of all present problems and that the political and governance system, formed in 1992, has fundamentally lost its ability to resolve and regulate the social challenges that Mongolia is currently facing.

He stressed, “The problem lies within the system itself, rather than due to a single individual or political party. Regardless of how good the person or the political party is, they become victims of the irresponsible, poorly coordinated, and unaccountable system, and an adverse condition is set where problems keep piling up and stress levels in the society keep rising. I have decided to share with you, the Members of the Parliament, constituents, and the people of Mongolia, proposal and solutions to overcome this systemic crisis, which are the result of my careful consideration and talks with various politicians and political science researchers after being elected as the President.”

He stated, “Unless the system is changed, nothing will change. To use an analogy, when the foundation and pillars of the house that we built together have developed faults and face a risk of collapsing, we have been making superficial changes instead of tearing it down and constructing new foundations and firm pillars. But the crisis has come to a point where it cannot be dodged and evaded. The house is already on the verge of collapsing. …The key is to build a stable system that can organize, arrange, and facilitate a government that is capable of resolving the problems that have been accumulated and fulfills its duty to lead and manage the society well so that the people would be employed, healthy, educated, satisfied with their lives, and happy.”

“The Government of Mongolia is facing a full-front accountability crisis. It has been defined that “accountability is the ability of decision-makers to respond and to solve issues.” Responsibility is the ability of the government to respond and find solutions when the people point at the “things that are not working.” But it is ever clearer that the institutions that must be accountable and look after the social system, including the Parliament and the Cabinet, are in an accountability crisis themselves. The poor state of the economy and widespread poverty and income inequality are indelible signs of bad governance. All social classes, political groups, and researchers have reached a common understanding that the governance system has to undergo a drastic change that is suited for the developmental needs and social requirements of Mongolia. This can be accomplished only through the Constitution.”

“The democratic new constitution served as an important mechanism in facilitating the transition from one social system to another. But now, we need to amend the Constitution in accordance with the developmental needs and social requirements. Now is the time to thank the current Constitution and those who drafted it and move on to the discussion of the next version of the Constitution.”

For the interest of the country’s future and building a prosperous and power Mongolia, the President urged the parliament members to make a systematic reform through collective judgment and rational discussion with the political parties, academics and researchers and their constituents.

“First of all, with active discussion and involvement of all people, let us adopt a new Constitution, which reflects our present and future goals and needs of society. This is the most important issue that we have to resolve,” the President appealed and said, “Our new Constitution shall:

-Dissolve monopoly power of a few group of people that are controlling politics, economy, and wealth distribution of Mongolia, and reform into a fair system of optimal allocation of power of governance that is democratic, transparent, balanced, mutually accountable, and meets the demands and expectations of the public.

-Establish a system where the exploitation and distribution of natural and social resources are transparent and fair, overseen by the public, and tied with accountability.

-Prioritize the national interest of Mongolia above all, completely cease entering international treaties and agreements that contradict our national interest, and include provisions for accountability.

-Reform judicial and law enforcement organizations which should serve the citizens and not those in power, comply with the law, have a clear responsibility, and enjoy proper judicial power.

-Revise the Law on Political Parties, define the boundaries between the involvement of the government and political parties in economic and social life, and separate political parties’ policies and politicization from government

-Include an accountability mechanism that specifies the means to truly implement and not just declare the government’s duty to ensure the conditions for the Mongolian people to be the true rulers of the society, to live in healthy and safe environment, to acquire education, and to be employed.

A reform will be more vibrant and practical if it is based on mutual understanding and support of the government and people."

The President also called upon the politicians and the people to join all together in this act, a responsible and inevitable act to build a rational, well-arranged, transparent, and beneficial to the people political system. “The winners of the reform will be the people, and the losers will be the oligarchs who enriched themselves with public funds.”

Putting an end to the power-seeking and pedestrian arguments, and instantly starting the bold systemic reform shall fully comply with the core interest of Mongolia and the people of Mongolia. As the official responsible for ensuring the national unity under the Constitution, I, as the President, express my commitment to providing full support to the political reform to establish a fair government. The reason is, in the long-run, unity of the people of Mongolia will be ensured by fair government, fully-enforced law, and the prosperous life of our people. Mongolians can make a difference together. We only need to unite and cooperate.”

Concluding his speech, the President said, “Dear Members, prepare for the drastic reform, amend the Constitution in line with the interests of people, and let them discuss and support you. Failure to do it will be considered as evasion from a historic responsibility. If the narrow interests of political parties and groups interfere with the systemic reform, it will be a sin, a crime equivalent to betrayal of the national interest. The time is forcing a drastic reform on us. Recognize this as a historic responsibility in front of our people.”

source: president.mn

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China won’t renew coal, steel output restrictions amid trade war www.mining.com

China won’t renew harsh restrictions on coal and steel production capacity originally targeted at cut air pollution, as the country’s trade war with the US has begun to affect growth.

Rather, local governments will have to decide how to meet emission targets during the smog-prone winter season, which runs from November to March.

Rather than blanket production cuts, local authorities will have to decide how to meet emission targets during the smog-prone winter.
By imposing emissions targets rather than specific production cuts, Financial Times reports, China has shifted its focus from general well-being to boosting growth.

The stricter production curbs imposed put the world’s top steel maker and coal miner on track to meet its 2020 targets in the government’s five-year plan about two years ahead of schedule. But buy transferring responsibility to local rather than central officials could weaken enforcement of those rules and end up having a negative impact on the country’s targets, Lauri Millilitre, a campaigner at environmental group Greenpeace, told FT.com.

Some restrictions to coal and steel production will be in place, but with more relaxed targets. For instance, the yearly average concentrations of particulate matters, known as PM2.5, is still set to be reduced, but by only 3 percent, instead of the previously proposed 5 percent target.

And blanket production cuts on steel has been eliminated completely, as long as producers meet emissions targets.

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Ivanhoe Mines soars on third major copper discovery in Congo www.mining.com

Shares in Canadian miner Ivanhoe Mines (TSX:IVN) jumped Monday after it announced a significant new discovery of high-grade copper on its 100%-owned Western Foreland asset, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).

The find, named Makoko, is Ivanhoe’s third major copper discovery in the DRC, as well as the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

The company’s shares climbed in Toronto as much as 8.4 percent to C$2.98 on the news at 9:35 am, and were still trading 5.82% higher at C$2.91 by 11:49 am local time.

Ivanhoe began drilling Western Foreland in the third quarter of 2017, with most of the 50 holes drilled made in the Makoko area, a flat lying and near surface stratiform deposit, similar to its flagship Kamoa-Kakula project.
The find, named Makoko, is Ivanhoe’s third major copper discovery in the DRC, as well as the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

The 6.75 sq. km discovery remains open in all directions, while the company continues drilling other targets on Western Foreland for high grade copper, Ivanhoe said.

“Given the early drilling success at Makoko, we are highly confident that we have the secret blueprint for additional exploration successes in the Western Foreland area in 2019 and beyond,” Ivanhoe executive co-chairperson Robert Friedland said in the statement.

Last month, a unit of Chinese state-run conglomerate CITIC became the biggest shareholder in billionaire Friedland’s company, following a decision to give up a 20% stake for about $548 million (C$723m).

Another Chinese firm, Zijin Mining Group — which acquired a stake in Ivanhoe Mines in 2015 through a wholly-owned subsidiary — exercised its existing anti-dilution rights through a concurrent private placement. This means that Zijin owns now 9.7% of Ivanhoe Mines.

Ivanhoe Mines estimates its flagship Kamoa-Kakula project, discovered in 2007, holds the equivalent of at least 45 million tonnes of pure copper. The company aims to extract 300,000 tonnes per year once the mine is operating at full tilt.

An initial, independent resource estimate for the Makoko copper discovery is expected to be completed in the current financial quarter.

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Petro Matad completes site construction for new Mongolia well www.stockmarketwire.com

Mongolian-focused explorer Petro Matad said site construction for its Wild Horse 1 well was completed on Monday.

The first trucks with rig loads had also departed the Snow Leopard well location and were headed for Wild Horse.

The well was expected to commence drilling in late October and was expected to take between 30 and 45 days to reach its target depth of 2200m.

Operations at the Snow Leopard-1 were completed on 25 September.

'Data and samples gathered during the drilling of the well are now under evaluation to determine the implications of the well results for the surrounding prospectivity,' Petro Matad said.

'The presence of thick shales and oil and gas shows in the well highlight the potential prospectivity of the Taats basin in which a number of other prospects and leads have been mapped.'

At 8:28am: [LON:MATD] Petro Matad Ltd share price was +0.15p at 6.05p

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