|“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|
ULAN BATOR, Sept. 17 (Xinhua) -- A visiting Tibetan cultural exchange delegation dispatched by China's State Council Information Office has reported on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.
It has informed Mongolian officials, representatives of the Tibetan Buddhist community and the press on the latest economic and social development of China's Tibet Autonomous Region and China's policies to protect traditional Tibetan culture.
"With vast territory, China is a united multi-ethnic state. Tibetan culture with unique plateau characteristics is an inseparable and important part of Chinese culture," said Hao Shiyuan, head of the delegation and member of the Chinese Academy of Social Sciences, at the discussion with representatives from various fields of Mongolia at the Chinese Embassy here on Monday.
In the process of economic and social development, it is an important task for China to protect Tibetan culture and the cultures of other ethnic minorities, Hao said.
China and Mongolia have enjoyed a long history of religious and cultural exchanges. The cooperation and exchanges between the two sides have great potential, he added.
Yang Qingdong, charge d'affaires ad interim of the Chinese embassy, said in his speech that China-Mongolia relations have entered the fast track this year.
"The visit of the Chinese Tibetan cultural exchange delegation to Mongolia is a concrete measure for China to implement the consensus of the leaders of the two countries and to promote people-to-people exchanges between the two sides," he said.
He expressed the hope that such exchanges will help Mongolian academia, media and ordinary people better understand China and enhance the friendship between the two peoples.
Mongolia is the second stop of the delegation's overseas exchange trip. The delegation has already visited Japan, and will leave Mongolia on Tuesday for South Korea. Enditem
BEIJING (Reuters) - A new outbreak of African swine fever occurred on a farm in northern China’s Inner Mongolia, the agriculture ministry said on Monday, the second in the region, as the highly contagious disease continues to spread rapidly across the world’s top producer of pigs.
Eight hogs were dead and 14 were infected on the farm of 159 animals, the Ministry of Agriculture and Rural Affairs said on its website.
The outbreak is China’s 16th since early August, and comes despite a series of tough new rules announced by Beijing last week to tackle the spread.
China has now banned the transport of live hogs and pig products from regions bordering provinces that have reported swine fever outbreaks, as well as those that have had cases.
It has also banned the use of feed derived from pig blood, and banned the use of feeding kitchen waste in 16 provinces.
The new outbreak also comes just weeks ahead of a national holiday, causing concern in Beijing about pork supplies.
Still, there are also signs that consumers may be avoiding pork, even though African swine fever cannot infect people. Poultry prices have risen in recent weeks, in part because of the disease, industry officials said.
In an article on Monday, the state-backed People’s Daily reminded consumers that people could not catch the disease, and urged them not to believe rumors.
“Pork bought through standard channels must all go through inspection, the public does not need to worry,” it added.
With more than 9,000 Mongolians having visited Seoul as “medical tourists” last year, the South Korean capital city is offering a promotional tour for a group of Mongolians to show what the city has to offer in the way of tourism and health care.
According to Seoul CityAdministration, of all the tourists who visited the South Korean capital to receive medical care in 2017, Mongolians accounted for the fifth-highest number with 9,600. With those figures in mind, the city is hosting a tour for major buyers and media representatives from Mongolia, which runs from Monday to Thursday.
According to a Korea Tourism Organisation report compiled in 2015 to assess medical tourists’ level of satisfaction with the services they received, Mongolian visitors stayed in Korea for an average of 35.6 days — far surpassing the average stay of 17.7 days for medical tourists of all nationalities.
The 2015 report found that the Mongolian visitors spent about 10.1 days sightseeing. For that reason, the Seoul City tour will include popular tourist destinations, or “wellness tour assets,” as well as health care institutions.
Chinese state-run corporation China Railway says Russia’s Far Eastern Federal District is currently one of the priority markets for expanding the company’s core operations as part of the Belt and Road Initiative.
The region requires a developing net of railroads and motorways, as well as new bridges and other transport infrastructure, according to the company’s CEO Zhang Zongyan, who says that China is ready to participate in the projects to give a boost to its global shipping routes strategy.
“China Railway is looking at the Far East as one of most important destination markets for extending its principal activity,” he told Xinhua news agency, according to TASS.
“Chinese enterprises are ready to deploy their own advanced technology, equipment, and engineering to take part in the construction of infrastructure in the Far East,” the CEO said. “This will contribute to the implementation of the Belt and Road Initiate and the development of cooperation between northeastern China and Russia’s Far East.”
According to the Zhang Zongyan, China Railway negotiated the issue with the Russian Ministry of Transport and the Ministry for the Development of the Far East on the sidelines of the fourth Eastern Economic Forum in Vladivostok.
China Railway is reportedly planning to participate in the reconstruction of the region’s international transport corridors Primorye-1 and Primorye-2, which connect the Chinese provinces of Heilongjiang and Jilin with the Far Eastern region of Primorye.
China Railway Group, founded in 1950, is in charge of railway passenger and cargo transportation services in China. The Beijing-based corporation has reportedly built 90,000km of roads so far with over 10,000km of these comprising a high-speed network.
It is hardly a surprise that existing and future shareholders in the mining industry are predominantly concerned about returns on their investments. Regardless of whether investors are seeking a capital appreciation of their stock portfolio or plan to grow their money through dividend payments, or a combination of both, they typically make money when a company does.
Mining companies that provide a competitive and sustainable rate of return to their shareholders are highly sought-after targets for investors.
Mining Intelligence profit margin miners ranked
A company’s financial indicators, such as revenue and expenses, cannot always tell a reliable and comprehensive story about its financial performance. For instance, growing revenue, at a first glance, is usually considered to be a positive sign of a company’s financial health, but expenditures that outpace improving revenues can smudge the overall performance picture and will surely disappoint shareholders.
When it comes to the evaluation of a company’s financial health, net profit margin is one of the most important and powerful—yet simple—indicators to be taken into an arsenal of any group of investors in the mining and metals industry.
Net profit margin is equal to net income (or profit) divided by total revenue and represents how much profit each dollar of revenue generates.
Intuitively, net profit margin can be interpreted as an indicator of whether a company’s profitability is secure or not. Indeed, let’s consider a case where a company reported a USD$100 billion dollar in revenue but just a 3% net profit margin. While on paper this looks like the company is doing well, the low net profit margin means that this company is in a very vulnerable position; even an insignificant downward move in commodity prices, slightly lower ore grades, unfavourable exchange rates, or minor operational disruptions could push the previous year’s net profits into a net loss the following year. A high net profit margin provides a company with a solid buffer against even major negative events.
The following is the list of active mining companies compiled from data at Mining Intelligence that ranks by miners' net profit margins yielded in 2017 and measured in percentages. Companies that generate a majority of their revenues outside of mining/mineral processing operations have been excluded from this ranking. The research focus was on net income earned from ongoing operating activities and not from one-time sources of “accounting” income such as debt restructuring and impairment reversals. The threshold net income level for companies considered for this analysis was set at USD$400 million.
Top 10 mining companies ranked by net profit margins in 2017 (%)
Rank Company Sector Net Profit, 2017, USD million 2017 Net Profit Margin % 2016 Net Profit Margin %
1 Polyus Precious Metals 1,241 46 58
2 Uralkali Potash 875 32 63
3 Fresnillo Precious Metals 561 27 22
4 KAZ Minerals Base Metals 447 27 23
5 Fortescue Iron Ore 2,004 25 14
6 Lundin Base Metals 502 24 8
7 Norilsk Nickel Diversified 2,129 23 31
8 Rio Tinto Diversified 8,762 22 14
9 Teck Resources Diversified 1,859 21 11
10 Goldcorp Precious Metals 658 19 5
Data from Mining Intelligence
As can be seen, the top companies generating the highest net profit margins are from across the mining spectrum; from major gold producers such as Polyus and Goldcorp to potash behemoth Uralkali, and big diversified companies such as Rio Tinto and Teck Resources.
Common themes that contributed towards high net profit margins for these companies were expansions of mining operations, improved commodity market conditions, higher ore grades and higher metal recoveries, as well as successful implementation of portfolio optimization and cost reduction strategies.
Major contributors to decreased margins were losses on unfavourable currency exchange rates; production disruptions due to environmental, geopolitical and technical risks and challenges; lower ore grades; and negative price dynamics for a number of commodities.
What all the high net profit margin companies have in common is a decent margin of safety. This will help them weather even a significant storm on the mining markets and deliver competitive and secure shareholder returns in situations where other companies will struggle to survive....
Minister of Energy Davaasuren Tserenpil held a press conference on the citywide blackout affected Ulaanbaatar last Saturday. Due to the accident, two generators were damaged and the case is currently under investigation. Thermal Power Plant IV was also damaged by an accident last Spring. The Minister informed that an official letter has been sent to the Government Agency for Policy Coordination on State Property (PCSP) to demand accountability from the Administering Engineer responsible for the incident; however, PCSP did not give any response and a major accident occurred last Saturday. Therefore, Mr. Davaasuren noted the significance of taking power stations under the Ministry’s control to entail accountability and provide independent energy. He added, “Due to potential voltage fluctuations, I demanded to limit solar and wind energy, as well as Baganuur power station to generate 150MW power. Solar and wind powers are highly inefficient as the electrical voltage will fall due to natural circumstances. If Baganuur plant installs 350MW power generator, a malfunction similar to last Saturday will also affect the entire power system. Therefore, we must intensify the implementation of a hydropower plant.
We would have overcome the last incident with a single click of a button if we had a hydropower plant. Instead, we had to heat the generator for four hours to restart the system. We are barely managing consumption thanks to Russian reserve line.” The minister further blamed the PCSP for appointing unqualified staff to administrative positions and for the lack of accountability. He also highlighted that the aging equipment problem at power stations and necessity to expand Amgalan Thermal Power Plant, as well as to hold correct policies on renewable energy. “If the same thing were to happen during the cold season, the entire city will freeze. Thus, we have to settle this issue immediately,” warned Mr. Davaasuren. Additionally, the incident coincided with the Russian experts’ visit and caused the upgrading of four generators at Thermal Power Plant-IV to be postponed to deal with winter load. Minister of Energy then briefed about his plans to reform the energy sector. Due to the above-mentioned reasons, he plans to limit renewable energy to be not more than 300MW and force Baganuur station to have dual 150MW generators, instead of 350MW. Furthermore, the Minister plans to intensify the establishment 90MW hydropower plant in Erdeneburen in cooperation with China.
The entire city of Ulaanbaatar experienced a major blackout last Saturday morning. Some areas were affected by power outage for over 13 hours followed by a significant aftermath, including a malfunction in the wastewater plant pump, resulting in wastewater overflowing onto electrical system. Minister of Energy Davaasuren Tserenpil explained, “Thermal Power Plant (TPP) IV went into a full shutdown at 9:54 AM, causing malfunctions at other plants. There were no accidents or damage. The investigating is currently being conducted to locate the source of the outage. I was informed in advance that it was due to negligence in the work and irresponsibility of technical administrators.”
The accident report is expected to be released on Wednesday. Mr.Davaasuren highlighted that the ministry only provides expertise and methodology to power stations; hence, incapable of demanding liability. The Government Agency for Policy Coordination on State Property is responsible for the appointment of TPP IV. Sources claim that repeated violations have been reported due to the dual control at the plant. Even though power has been restored to all of the areas, the Minister forewarned, “The same situation will arise in times of serious disaster. Therefore, we have to keep in mind that our energy system is not independent.” The frailty of the electrical infrastructure system unveiled the vulnerability of the wastewater plant. Due to the blackout, all the pumps shut down, flooding the plant with wastewater. A spokesperson of the Ministry of Energy informed that the power shortage also interrupts the manufacturing of consumer food, as well as deep wells, causing a risk of clean water supply disruption. The damage report of the blackout is expected soon.
Time magazine is changing hands once again, nearly eight months after it was sold to US media group Meredith Corporation.
The co-founder of Salesforce.com, Marc Benioff, and his wife are personally buying Time for $190m (£145.3m).
In a statement, Meredith said the Benioffs "will not be involved in the day-to-day operations or journalistic decisions".
The deal could close within a month but must first get regulatory approval.
Mr Benioff - who is chairman, co-chief executive and co-founder of the cloud computing firm Salesforce.com - said that he and his wife have deep respect for the organisation and its iconic brand.
"The power of Time has always been in its unique storytelling of the people and issues that affect us all, and connect us all," he tweeted.
The Benioffs take over the publication at an uncertain time for print media. Time has cut its circulation and struggled with declining advertising revenues.
Meredith only completed its purchase of parent company Time Inc in January and moved to sell some its most well-known magazine titles soon after.
Mr Benioff, who is worth $6.7bn according to Forbes, is the latest tech figure to acquire a traditional print publication.
Amazon chief executive Jeff Bezos bought the Washington Post in 2013. Last year, Laurene Powell Jobs, philanthropist and widow of Steve Jobs, acquired a majority stake in The Atlantic magazine.
Investors keen to tap into the electrification of the world’s transport networks should look upstream to the battery metals market instead of buying shares in automakers, according to Ulrich Ernst, the chief executive officer of Blackstone Resources.
The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, from hybrids to all-electric cars powered by an ever-evolving battery-metal-mix of cathodes, Ernst said.
“Battery-metals don’t mind what path the EV revolution takes. They don’t mind which automaker wins and which one loses. Even the type of technology used is of little relevance,” he said.
“Aggregate demand for battery-metals will rise at an exponential rate. And the days of the traditional combustion engine are limited,” he added.
Citing data from the Boston Consulting Group, Ernst said that the proportion of vehicles produced that run on gasoline and diesel will fall to just 52% by 2030from 95% globally in 2017.
“What’s astonishing is that we are now in 2018, and 2030 is only 12 years away,” he added.“What’s astonishing is that we are now in 2018, and 2030 is only 12 years away.”
The mix of battery metals used in battery cathodes may well change drastically in the years ahead, along with the battery cathodes themselves, according to Ernst.
“Technological progress will drive this shift to make owning a decent electric car like the Tesla more affordable. The exact mix of battery metals and the technology used will change to make all-electric cars more efficient, more powerful, drive longer and speed-up charging times while on the road,” he said.
“The beauty of investing in battery metals is that you don’t have to wait for this point in time to arrive. If you diversify your portfolio of batterymetal interests, then the final mix doesn’t matter whether it’s North American cobalt, rare earths from Norway, manganese from Colombia or molybdenum from Mongolia,” he noted.
“So forget about investing in EVs. Battery materials matter more,” he added.“Battery materials matter more,”
Ernst is unfazed by the recent fall back in the cobalt and lithium prices, he said.
“The easing of supply-side tensions in the Democratic Republic of Congo has seen cobalt prices fall 15% and lithium prices fall 20% in the last six months. I think it’s good to see some of this risk premium come out of the battery metal market because it’s the long-term demand-side forces, such as the electric car, which will drive this market forward,” he said.
“Batteries might be falling in price due to efficiency gains made in battery technology. However, battery metals are also rising as a percentage-ofcost of these batteries. And, as the number of EVs dramatically increases, demand-side forces are likely to overwhelm any short-term supply-side relief,” he added.
Metal Bulletin's assessments of low and high-grade cobalt prices, a key raw material used in the production of EV batteries, peaked at 10-year highs in April but slid lower for several months after May. Meanwhile cheap selling from China met weak summer demand elsewhere.
Yet spot prices for high-grade cobalt rose for the first time in 19 weeks on Friday August 31, with sellers successfully hiking their offers in response to an uptick in consumer demand, alongside a more positive backdrop from China.
The high-grade cobalt price rose to $32.90-34 per lb, in-warehouse, on Friday August 31 from $32.55-33.55 per lb in mid-week.
The low-grade cobalt price was unchanged at $33-33.60 per lb inwarehouse on August 31.
Lithium prices meanwhile soared to an average of $21,760 per tonne in 2017 from around $9,500 per tonne in the second half of 2015, based on Metal Bulletin's assessment of spot prices ex-works China. Yet prices have since eased amid an anticipated supply surplus while projects ramp-up and new producers enter the market.
Metal Bulletin's battery-grade lithium carbonate index was calculated at 85,298 yuan ($12,492) per tonne, ex-works China on Thursday August 30, down from 159,250 yuan per tonne at the start of the year.
Switzerland-based Blackstone Resources is an independent mining and exploration company with strategic stakes in battery materials projects in Canada, Peru, Columbia, Norway and Mongolia....
Russia and Mongolia have great potential for expanding bilateral cooperation in many areas, M.V.Vasiliev, trade representative of Russia to Mongolia, told Xinhua in an exclusive interview on Sunday.
"We believe it is correct to set a common goal to increase 10 times the trade turnover between our countries in the next 10 years and to fill our cooperation with new major projects," he said.
Last year, the trade volume between Russia and Mongolia amounted to 1.4 billion U.S. dollars, an increase of 46.9 percent compared with 2016.
This year, according to the National Statistical Office of Mongolia, the bilateral trade volume increased by 40 percent in January-July of 2018 compared with the same period last year.
Mongolia's major exports to Russia are cashmere, sheep and goat leather, carpets, meat and meat-related products.
Overall, bilateral trade continues to develop steadily at an accelerated pace, Vasiliev said.
In order to accelerate the integration of the two economies, it should be a priority for Mongolia and the Eurasian Economic Union, which groups Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, to reach a free trade agreement, he said.
Currently, projects in the sphere of energy and transport cooperation are dynamically moving forward, he said.
The Russian trade representative also highlighted the importance of developing road infrastructure within the framework of the Central Railway Corridor, saying there are interesting proposals from the business and investment community on transforming the railway corridor into a channel of mega-projects cooperation, including oil and gas pipelines, power lines and fiber-optic lines.
He also mentioned the ancient Tea Road, which the three countries are trying to revive, saying a tourist project is focused on the construction of "digital detox" tourist towns along the road to help tourists knowingly refuse to use smartphones, computers and other devices to relieve their stress.
If the project is implemented, tourists will take natural meat, natural milk and breathe the steppe, he said.
"I am sure that this will be the most popular tourist project," he added.