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      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     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.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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Mongolia wants to reintroduce capital punishment www.akipress.com

AKIPRESS.COM - President of Mongolia Khaltmaa Battulga intends to initiate draft amendments to the Criminal Code of Mongolia reinstating the capital punishment, Montsame state news agency reported.

The President seeks to introduce death sentence for crimes against children and submit the bill to the Parliament during its spring session, which convenes this week.

“298 cases of child sexual abuse were registered last year alone. The victims' age is between 2-7. Appalling child molestation cases have shocked the society, which is now demanding more action from the Government,” G.Uyanga, Civil Society and Human Rights Advisor to the President, said at a press conference.

Last November, President Battulga sent an official letter to the Ministry of Justice and Home Affairs proposing to reinstate capital punishment. According to the Advisor, the Ministry hasn’t formally responded to the letter. “However, it was reported last week that a conclusion had been made by a working group in charge, led by Deputy Minister of Justice and Home Affairs B.Enkhbayar, that it wasn’t possible to restore capital punishment,” she said.

Mongolia put moratorium on capital punishment in 2012. The Parliament of Mongolia adopted a revision to the Criminal Code in 2015, which came to effect on July 1, 2017. Capital punishment was formally removed in the revised Criminal Code.

The Law of Mongolia on Legislation states that the public can add their suggestions to a draft bill for the time period of one month. “The public survey begins today. I am sure many people will take active part in the process,” said G.Uyanga.

R.Bulgamaa, Non-staff Advisor of Legal Policy to the President, emphasized that the President’s proposal doesn’t imply full restoration of capital punishment in Mongolia, and that only child abusers would be subject to death penalty. Before 2010, death penalty was given for six offenses in Mongolia.

Advisor G.Uyanga reminded of a fact that Mongolia abolished death penalty in 1953, but had to restore it after 10 months in response to increased incidence of crimes.

Thousands of Mongolians protested in front of parliament in Ulaanbaatar on Saturday to demand more action to prevent child abuse, after the widely-reported rape of a male infant shocked the country, Reuters reported.

After the reported rape earlier this month in Dornogobi province in Mongolia’s southeast, a group of concerned mothers created a Facebook group announcing the Saturday protest last week, and it quickly reached more than 400,000 members.

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UB night -time electricity discount ends www.news.mn

As a step towards cutting air pollution, which is extremely serious in the capital, Ulaanbaatar, the Mongolian government has approved regulation to cut electricity night tariff for ger district households, where most of the harmful smoke is produced, to zero.

The nightly incentive lasts from 9pm to 6am. The discount came into effect from 1 November and continued until 1 April. During this period, the inhabitants of Ulaanbaatar always face the worst air pollution caused by burning poor quality coal in the stoves of the ger districts, which surround the capital and are home to around half its population.

More than 160 thousand residents living in ger district benefitted from the electricity tariff discount by 50-100 percent. The discount cost MNT 9 billion.

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Mongolia to globalise cashmere trade via China's Bohai exchange www.xinhuanet.com

Mongolia, supplier of about 40 percent of the world's raw cashmere, hopes to boost profit trading in the wool used in some of the world's priciest luxury fashions by opening up a new online platform for global buying via China's Bohai Commodity Exchange (BOCE) .

The Mongolian Commodity Exchange (MCE) said the platform should begin trading in mid-April. Until now, traders or their representatives have had to be physically present to buy cashmere from the MCE, Mongolia's only permitted cashmere trader.

The exchange said trading in agricultural products and also coal and copper could follow at a later date. But cashmere currently accounts for around 90 percent of the exchange's total trade: In 2017, a total of 7,000 tonnes of washed cashmere were sold on the MCE with a total value of 521 billion tugrik (USD 217.99 million).

'Cooperation with the Bohai Commodity Exchange is opening up a market for Mongolian commodities not only in China but to other countries as well,' Chuluunbaatar Bayar, general manager of the MCE, told Reuters.

The cashmere launch follows the signing of a strategic cooperation agreement with the Bohai Commodity Exchange in January. BOCE already trades a variety of textile products including cotton, cashmere, goose feathers and eiderdown.

The Mongolian government launched a four-year programme to boost the industry in February, with the aim of boosting exports more than fivefold, providing financial support to help domestic firms improve technology and boosting the country's processing capacity.

The Development Bank of Mongolia and the Ministry of Food, Agriculture and Light Industry have also established an 500 billion tugrik 'Cashmere Development Fund'.

Mongolia has an estimated total of 27 million goats, and an annual cashmere production capacity of 9,400 tonnes. (Source: Xinhua)

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Bank of Mongolia statement www.mongolbank.mn

This statement is issued in relation to recent headlines of some media outlets.

Under the “Extended Funds Facility” program, the Bank of Mongolia takes monetary policy actions upon mutual agreement with the IMF. Decisions regarding monetary policy measures take careful consideration of the expected inflation, balance of payments outlook and macroeconomic stability in the medium term. As the annual inflation rate is expected to stabilize around the target level and the pressure on balance of payments is not expected to be heightened, the Bank of Mongolia decided to reduce the policy rate by 1 percentage point to 10 percent, in order to support economic activities and reduce the cost of refinancing, considering the debt burden of the private sector.

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Mongolbank purchases 734 kg gold in March www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia purchased 734 kg gold in March, it reported on April 2.

As such, the bank has purchased 2.3 tons of gold in the first three months of 2018, which shows 2.1 percent increase against the same period of last year.

As of the third month of 2018, the central bank’s average gold purchase rate was MNT 101,822.3 per gramm.

According to officials, the comparatively less amount of gold sold to the central bank in the first season of this year is linked to the fact that placer deposits have not yet started their operations and only hard rock deposits are running.

Gold mining reaches its peak of activity in August, September and October.
Kh.Aminaa

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Parliamentary working group to look into OT Agreement www.montsame.mn

Ulaanbaatar /MONTSAME/ Pursuant to an ordinance of the Speaker of Parliament, a working group has been formed to review the implementation of the 2009 Oyu Tolgoi Investment Agreement between the Government and UK-based Rio Tinto Group.

Following the issuance of the ordinance by Speaker M.Enkhbold on March 28, the working group, led by D.Damba-Ochir, Head of the Parliamentary Standing Committee on Economy, met on April 2 to discuss its action plan and adopt a working guideline.

The working group members include MPs D.Terbishdagva, deputy head, N.Amarzaya, O.Baasankhuu, B.Bat-Erdene, B.Javkhlan, Z.Narantuya, Ya.Sodbaatar and A.Undraa.

The working group members exchanged views on the establishment of sub-working groups designated to render professional assistance. As such, it was decided that five sub-groups, headed by a member of the working group, will be established.

The working group is expected to report to the Parliament on the implementation of the Investment Agreement within two months.
Kh.Aminaa

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Mongolia-China trade turnover targeted to reach USD10 billion in near future www.montsame.mn

Beijing/MONTSAME/ MONTSAME News Agency’s Correspondent in Beijing, China interviewed Ambassador of Mongolia to China D.Gankhuyag in connection with forthcoming official visit (April 9) of Prime Minister U.Khurelsukh to China.

About present state of Mongolia-China relations, the Ambassador said, “Thanks to bilateral efforts in past period, cooperation between two countries has advanced in all social sectors within the comprehensive strategic partnership of the two countries. Talks in high levels has become constant. It gives an important impetus to strengthen friendly atmosphere of relations and mutual confidence.”

“In 2018, Mongolian delegates led by MP and Road and Transport Minister J.Bat-Erdene visited China successfully. Moreover, Mongolia-China Business Forum was organized at the Embassy. More events including the First Meeting of the Mongolia-China Joint Council on Humanitarian Exchange and 2nd meeting of permanent inter-parliamentary mechanism were organized in Beijing. These events played an important role to regularize high-level visits and boost bilateral cooperation in sectors of legislation, education, culture, sport and health. It is noteworthy that the bilateral relations are forwarding in all sectors such as politics, defense, economy, culture and humanity,” added the Ambassador.

In the interview, he also talked about possibilities of economic cooperation and interests of two sides to develop economic cooperation. He said, “It aims at changing existing dependence of Mongolia’s economy into multi-pillared. Within this purpose, an intergovernmental memorandum of understanding was established in 2017 to harmonize Mongolia’s ‘Road development’ initiative with China’s ‘The Belt and Road’. We have potential to take active part in ‘The Belt and Road’ initiative to intensify cooperation in all sectors, even cross-border economic cooperation and regional development.”

“Mongolia and China are eternal neighbors, bordering with 4700kms. There are 13 border checkpoints, through which citizens of the two countries are traveling and engaging in mutual trade activities. The main market of Mongolia’s export goods is China. As of this year, Mongolia exported its goods to 52 countries, of which 89.1 percent of the total export went to China. A trade turnover of the two countries is targeted to reach USD10 billion in near future. To fulfill this goal, it necessitates to create a favorable trading condition. The lower capacity of Mongolia’s border checkpoints and underdeveloped infrastructure are some of the main factors that restrict possibilities to expand bilateral trades. Making a conclusion on this matter, we are working to harmonize Mongolia’s short and long-term development policy and strategy with the development of border checkpoints, advance their ranking and types and upgrade operational conditions,” he stressed.

The Ambassador also mentioned about more cooperation possibilities in agriculture, tourism and energy sectors. “Further, it needs to develop a balanced trade and diversify export goods so that substitute each other.

Full interview will be published on the Mongol Messenger issue #14.

M. Unurzul

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Ministry of Mining reports on 2017 income and 2018 licensing www.gogo.mn

The Ministry of Mining and Heavy Industry reports that a total of 41 billion MNT was generated from licensing fees in 2017.

The ministry says that licensing fee revenue will decrease this year, as fewer licenses will be issued in 2018.

New license selection will begin this month, led by the ministry's newly formed selection committee. Proposals for mining projects in the provinces were submitted for 8.5 million hectares which were approved by Cabinet for potential exploration.

Currently, it is unclear how many licenses will be issued in 2018. Last year, 26 special permits for 11.5 hectares were granted, and 1,715 exploration permits and 1,330 production permits were granted nationwide.

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State-owned companies saw 859 billion MNT in 2017 net profit www.gogo.mn

Based on 2017 financial reports from 86 fully and partially state-owned entities, including data on revenue, expenditure, profit, loss and liabilities, state-owned companies saw 859 billion MNT in net profit.

In 2016, 45 percent of state-owned companies made profits, but 72 percent made profits in 2017. The dividend distribution of these companies totalled 4.3 billion MNT in 2016 and 12.6 billion MNT in 2017. Aggregate receivables in 2016 were 428 billion MNT, and saw a decrease of 12.5 billion MNT in 2017.

Total liabilities decreased by 16.4 percent in 2017, reaching 3.9 billion MNT. Data from eight entities, including Development Bank of Mongolia and State Bank, were not included in the aggregate report.

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Russia & China to merge satellite tracking systems into one global navigation giant www.rt.com

Moscow and Beijing will team up to create an integrated navigation system based on Russia’s Global Navigation Satellite System (GLONASS) and the Chinese BeiDou. The system will cover most of Eurasia.
The countries will reportedly negotiate the merger in May at the International Conference on Advanced Technologies in Manufacturing and Materials Engineering in the Chinese city of Harbin, Izvestia daily reports.

The initiative to merge the two separate systems is the result of a proposal made by the Chinese authorities to the Russian Federal Space Agency, Roscosmos. It is intended to create a joint global navigation satellite system, covering the countries of the Shanghai Cooperation Organization, which include China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India and Pakistan.

The new system will allow the partners to share data on the positions of navigation satellite groups, improve working efficiency in a real-time environment, and to exchange corrections, where necessary. At the same time, Russian GLONASS may significantly broaden its user base.

“If the project is implemented, it will allow for an improvement in accuracy for both systems,” said a Roscosmos spokesperson, as quoted by the media.

If successful, the project will divide the entire world into two zones of influence by two united systems GLONASS-BeiDou and GPS-Galileo, operated by the US and the European Union, according to Andrey Ionin, a member of the Russian Academy of Cosmonautics.

Global Positioning System (GPS), the world’s oldest Global Navigation Satellite System, began operations in 1978 to provide location information and navigation to missile submarines and surface ships. The system was also used for hydrographic and geodetic surveying by the US army. The system was opened to civilian and commercial use in 1994. GPS currently operates 31 satellite constellations.

Russia’s GLONASS became operational in 1993. The navigation system has 27 satellites in orbit and all are operational. It is run by the Russian Aerospace Defense Forces and is currently the second alternative navigational system in operation.

Galileo is the European global navigation system, which is available for civilian and commercial use. It is a joint project by the European Space Agency and the European GNSS Agency. At present, there are 22 operational satellites out of a projected 30. Galileo started working in 2016 and is expected to reach full operational capability by 2020.

Chinese BeiDou was put into operation 2000 with limited coverage and navigation services offered mainly to users in China and neighboring regions. The system currently has a total of 22 operational satellites in orbit and the full constellation is projected to reach 35 satellites.

Japan and India are also developing their own regional navigation satellite systems. The Japanese Quasi-Zenith Satellite System (QZSS) is currently under construction. This is expected to become fully operational by the end of the current year. It will have seven satellites and four have already been sent into orbit.

The Indian Regional Navigation Satellite System (IRNSS) covers India and nearby regions, extending up to 1,500km. Its seven satellites are currently in orbit, but the first one has been out of operation after all rubidium atomic clocks on board failed in 2017.

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