1 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      2 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      3 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      4 MONGOLIAN FOREIGN MINISTER RECEIVES CARDANO BLOCKCHAIN FOUNDER WWW.NEWS.MN PUBLISHED:2018/09/19      5 ERDENE ANNOUNCES RESOURCE ESTIMATE FOR THE HIGH-GRADE KHUNDII GOLD PROJECT WWW.GLOBENEWSWIRE.COM PUBLISHED:2018/09/19      6 RUSSIAN GIANT COPPER PROJECT IN TALKS TO RAISE $1.25B WWW.REUTERS.COM PUBLISHED:2018/09/19      7 MONGOLIA GRADUALLY WITNESSING PROGRESS IN TOURISM WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2018/09/19      8 CHINA, MONGOLIA, RUSSIA PUSH FOR ‘ECONOMIC CORRIDOR’ WWW.RUSSIABUSINESSTODAY.COM PUBLISHED:2018/09/19      9 EXPERTS FROM CHINA, MONGOLIA, RUSSIA TALK ON CONSTRUCTION OF ECONOMIC CORRIDOR WWW.XINHUANET.COM PUBLISHED:2018/09/19      10 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      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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Mongolia’s foreign trade turnover reaches USD2.6 billion www.montsame.mn

Ulaanbaatar /MONTSAME/ As of the first quarter of 2018, Mongolia made trades with 160 countries and its foreign trade turnover reached USD2.6 billion, reported the National Statistics Office.

In detail, Mongolia’s export reached USD 1.5 billion and the import USD1.1 billion. Exports of minerals products, textiles, precious and semi-precious gemstones and metal ornaments made up 94.7 percent of total exports.

About imports, minerals products, machinery, equipment, electrical appliances, vehicles and their parts as well as food products covered 68.5 percent. The import rose by USD354.2 million against the same period of previous year. It was mainly caused by the increase in imports of mineral products, diesel fuel, machinery, mechanic equipment, electrical appliances and their parts, and vehicles and their parts. 
M.Unurzul

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EBRD to help upgrade engineering cables in Erdenet www.news.mn

The European Bank for Reconstruction and Development (EBRD) has expressed its willingness to seriously consider a proposal to cooperate with the Orkhon provincial administration to upgrade the network of power transmission cables in the city of Erdenet.

Earlier today, Orkhon Deputy Provincial Governor S.Batjargal held a meeting with Irina Kravchenko, Head of the EBRD representative office in Mongolia. During the meeting, S.Batjargal proposed cooperating with the EBRD in upgrading the 42 year-old power cable network of Erdenet.

The EBRD has been operating in Mongolia since 2006 and has invested a total of USD 1.5 billion in the country.

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Mongolia confirms role in Asian highway network www.news.mn

On 12 April, the Mongolian Parliament approved a bill ratifying an intergovernmental agreement established between Mongolia, China and Russia on international transport via the Asian Highway Network.

A new era of trade cooperation between China, Mongolia and the Russian Federation was launched in Moscow on 8 December 2016, when the governments of the three countries signed the Intergovernmental Agreement on International Road Transport along the Asian Highway Network. By signing the Agreement, each country agreed to give the other two countries traffic rights for international road transport operation on the parts of Asian Highway routes AH3 and AH 4 connecting their respective territories.

To demonstrate the benefits of the initiative, in August 2016, the transport ministries of the three countries concerned organized a pilot run of a nine-truck convoy that travelled the 2,150-km distance in seven days from the Chinese port of Tianjin to Ulaanbaatar in Mongolia and then on to Ulan-Ude on the shores of Lake Baikal in the Russian Federation.

 
 
 
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Moody’s eyes weaker outlook on Mongolia’s credit rating www.ubinfo.mn

Moody’s, one of the three major credit rating agency, assessed Mongolia’s credit profile as “vulnerable to commodity price boom-bust cycles” and credit negative in an email statement, reported Bloomberg yesterday.

The statement emphasized that delays and reversals of some structural reforms mandated by the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program pose a risk to the continuity of donor assistance. “Reforms subject to delays and reversals were those primarily designed to prevent a return to pro-cyclical fiscal policies and to strengthen and empower institutions to support adherence to fiscal rules,” highlighted Moody’s.

Earlier this week, the IMF staff team disclosed the report for the third review under the EFF. The team foresaw that growth is expected to remain strong in 2018; however, the report addressed several several risks including changes in global commodity demand and bottlenecks at the border. According to Moody’s, an asset quality review of Mongolian banks, stipulated by the program and conducted by an independent consultant, also points to a much smaller capital adequacy shortfall than the IMF previously forecast, resulting in lower potential recapitalization costs to the Government. In addition, Moody’s view that Mongolia’s growth outlook rests critically on the continuation of the Oyu Tolgoi copper mine and the expansion of the Tavan Tolgoi coal project over the next five years.

In January, Moody's upgraded the Government of Mongolia's long-term issuer ratings and the senior unsecured ratings to B3 from Caa1, and the senior unsecured medium-term note (MNT) program rating to B3 from Caa1. The short-term issuer ratings are affirmed at Not Prime and the outlook stable

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Petro Matad Gets Mixed Seismic Data Results In Mongolia www.morningstar.co.uk

LONDON (Alliance News) - Petro Matad Ltd said Thursday it has identified "encouraging" anomalies at its Tugrug basin, though an original target has been suggested to be smaller than thought.

Shares were down 11% Thursday at 11.05 pence each.

Petro Matad has been interpreting 3D seismic volumes from Tugrug through March and April, with the frequency content of the data "excellent", and it said the fault plane reflections are "remarkably" well-defined which is significantly helping mapping the complex Falcon prospect.

The company said based on these results the fault block originally targeted for drilling in the centre of Falcon is smaller than thought. However, the data does confirm a large and well-defined fault to the east which Petro Matad said is much larger than in original mapping.

More detailed work is needed, it said, to progress these prospects to drillable status.

Petro Matad also said Thursday it is to focus drilling on the Snow Leopard prospect in to the second quarter, deferring drilling on block V. Snow Leopard is less complex, it said, and it is part of a confirmed source and reservoir outcrop.

Snow Leopard has all permits required save for a land use permits which is now being renewed, which it said is "a routine matter". Plans are on track for site construction to start in May, with drilling to cost around USD7.0 million lasting around 70 days.

Following this Petro Matad will drill the Wild Horse prospect in block IV, with permitting going well, it said. The most time consuming part, the detailed environmental impact assessment, has been submitted, and approval is expected imminently.

The tender for a drilling rig on block XX is nearly finished, and it expects to secure "a good quality contractor" for drilling as early as the second half of 2018, if possible.

Chief Executive Mike Buck said: "The company's decision to shoot 3D seismic over the structurally complex Tugrug Basin was a good one. The new mapping on the 3D indicates that we have some excellent targets but we do not wish to delay our exploration efforts in 2018 whilst they are matured to drillable status.

"Snow Leopard and Wild Horse are two large, well defined and exciting prospects with huge follow up potential. As the firm two well programme for blocks IV and V in 2018, they will tell us a lot more about the potential of the area and we are moving ahead rapidly with preparations to start drilling during this quarter. Planning, procurement, and permitting for drilling in block XX are also advancing well."

By George Collard; georgecollard@alliancenews.com

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Mongolia to showcase transport opportunities at Moscow expo www.xinhuanet.com

ULAN BATOR, April 12 (Xinhua) -- Mongolia will attend an expo on regional transport in Moscow next week, according to local media.

The "Transit Mongolia-2018" forum, co-organized by Mongolia's Ministry of Road and Transport Development and Ulan Bator Railway Association, will be part of the 23rd exhibition of Trans-Russia/Trans-Logistica.

Major Eurasian freight transportation companies will take part in the expo to discuss regional transport sales, cooperation, as well as railway investment and cooperation, Mongolian News Agency reported Thursday.

This is the first time that Mongolia will participate in the expo, which will be held from April 17 to 19.

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Xanadu Mines demonstrates excellent gold recovery in tests from Mongolian copper-gold project www.proactiveinvestors.com.au

Xanadu Mines Ltd’s (ASX:XAM) tests demonstrate excellent gold deportment results in ore from the Kharmagtai Copper-Gold Project in Mongolia’s South Gobi region.

Ongoing test work shows that gold should report to a copper concentrate as free gold inclusion.

The new results build on Xanadu’s previous metallurgical studies which showed very high gold recovery to the rougher concentrate.

Xanadu’s chief executive officer Dr Andrew Stewart said: “These above average results, as expected, show that gold occurs as coarse grains in association with principle copper sulphides.

“While further testing is required as the project advances, we see no significant hurdles to producing a high-quality concentrate via standard processing pathways from the Kharmagtai project.”

The objective was to determine the location of gold across all three zones of the Kharmagtai deposit - Copper Hill, White Hill and Stockwork Hill.

Petrological and scanning electron microprobe work showed most gold as separate grains within the copper-bearing sulphides and pyrite rather than as a solid solution.

The grains range up to 100 microns in size and include native gold and with silver as electrum.

Some minor grains also occur in silicate minerals and magnetite.

The copper sulphides analysed showed no trace metal within them as solid solution, indicating sulphides from the samples should produce concentrates free of significant deleterious elements.

“The test results allow us to focus on the drilling underway,” Stewart said.

“This is expanding the resource and targeting near-surface porphyry copper-gold deposits within this largely under-explored porphyry copper-gold district.”

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Russia expanding agricultural exports to lead global food market www.rt.com

Russian Prime Minister Dmitry Medvedev said he is proud of the domestic agro-industrial sector and has announced the expansion of agricultural exports.
Russia's dependence on imports has been successfully reduced, according to the prime minister, with the 2017 grain harvest exceeding 135 million tons.

“The Russian agribusiness sector is our pride. In 2017, agricultural production increased more than 20 percent for all types of farms when compared to 2012,” Medvedev told the State Duma on Wednesday.

Medvedev explained that “such rapid growth is the result of an unprecedented state support for the agro-industrial complex,” because “over six years, more than 1.2 trillion rubles ($18.62 billion) has been allocated from the federal budget.”

The prime minister noted the flexible tariff policy, another measure of state support.

“We harvested a significant grain crop, which was difficult to transport by railroad, so we’ve introduced a preferential tariff for that. We are also building new terminals in ports, creating a network of wholesale distribution centers,” said Medvedev.

Last month, President Vladimir Putin said Russian exports of agricultural products and foodstuffs had grown 16-fold since 2000. Two years ago, Russia became the world leader in wheat exports.

Since the early 2000s, the country’s share of the world wheat market has quadrupled, from four to 16 percent.

The president said Russia will soon sell more produce abroad than it imports. To achieve the goal, authorities plan to develop infrastructure, broaden the railway network, and increase the capacity of seaports, elevators, and storage terminals.

Putin said that Russia should be aiming at exports of environmentally friendly and quality products. GMO has been banned in Russia since 2016. The Russian leader previously said he wants to make the country the world’s largest seller of GMO-free food.

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Japan to propose new working visa system www.nhk.or.jp

Japan is facing a serious labor shortage with a shrinking working population. The government has come up with a plan to address the problem by allowing certain non-Japanese to come and work in the country.

There are currently 2 main statuses for non-Japanese workers. One is for people employed in 18 professional categories, including professors, doctors and lawyers.

The other is for people who take part in a technical intern program.

The newly proposed status would allow foreigners with certain skills to work in the country for up to 5 years. Those who have completed internships would be eligible on the condition they do not bring their families to Japan.

The government would require companies employing these workers to draw up support plans that help them settle in and arrange accommodation. Businesses would be asked to submit reports to the Justice Ministry.

The government adds it is also considering allowing those status-holders to stay in the country indefinitely if they pass stipulated exams during their 5-year stay.

The government plans to include the proposal in this year's basic policy in economic and fiscal management and reform.

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Prime Minister U.Khurelsukh paid a courtesy call on President Xi Jinping www.montsame.mn

Prime Minister U.Khurelsukh paid a courtesy call on President of the People’s Republic of China Xi Jinping on April 10 in the course of his official visit to the country. The meeting was held on the sidelines of the Boao Forum for Asia.

The Prime Minister congratulated the Chinese President on his re-election and conveyed President Kh.Battulga’s greetings.

The sides expressed mutual commitment to reinforce political trust based on respect of each other’s core interests and to maintain the frequency of high-level visits. The sides agreed to mark the 70th anniversary of establishment of diplomatic relations with a grand celebration next year.

While acknowledging wide opportunities to boost bilateral trade and economic cooperation, the sides agreed on several actions to be taken to reach the goal to increase bilateral trade turnover to USD 10 billion by 2020 – intensify cooperation mechanisms, effectively utilize the channel of exchange through the Mongolia-China Expo, reduce non-tariff barriers in trade and accelerate the progress of China-funded projects.

The sides exchanged views on other matters such as regional and trilateral cooperation with Russia. They appreciated positive outlook of the Korean Peninsula and the activation of high-level dialogue between nations in the region, expressing willingness to put efforts into the denuclearization of the Korean Peninsula.

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