Bank of Mongolia to keep inflation rate stable and increase foreign exchange reserves www.montsame.mn

Ulaanbaatar /MONTSAME/ Governor of the Bank of Mongolia N.Bayartsaikhan presented the parliamentary resolution draft of the Monetary Policy Guidelines for 2019 to the Speaker of the Parliament.

Mongolia to produce 300 thousand tonnes of processed fuel www.news.mn

The Mongolian government has decided to ban the burning of low-grade coal in the capital city of Ulaanbaatar from 1 April, 2019 in order to decrease air-pollution. Ulaanbaatar is one of the world’s most polluted cities and also one of the coldest, where the poorest residents are forced to burn wood, cheap coal and sometimes even rubbish as temperatures plunge below minus 40 Celsius (minus 40 Fahrenheit) in winter.

Foreign Ministers of Mongolia and UK meet in New York www.news.mn

Foreign Minister D.Tsogtbaatar held meet with UK Minister of State for Asia and the Pacific of the Foreign Affairs and Commonwealth Office Mark Field on the sidelines of the 73rd session of the UN General Assembly on 25 September.

Mongolian engineers create electric mini truck www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian engineers created a small electric truck that runs 100 km once it’s fully charged and doesn’t consume electricity in no-motion state. Currently, the cars are being tested.

ADB raises Mongolia's 2018 economic growth forecast to 6.4 pct www.xinhuanet.com

ULAN BATOR, Sept. 26 (Xinhua) -- The Asian Development Bank (ADB) on Wednesday upgraded Mongolia's economic growth to 6.4 percent this year from the previous forecast of 3.8 percent.

Mongolia: IndustriALL and Rio Tinto conduct joint mission at Oyu Tolgoi mine www.industriall-union.org

Global social dialogue between IndustriALL Global Union and Rio Tinto took a significant step forward when both parties undertook a joint mission to Rio Tinto’s massive Oyu Tolgoi copper and gold operations and underground expansion in the remote South Gobi desert of Mongolia.

The joint mission took place from the 17th - 22nd September 2018. Michael Gavin, Rio Tinto’s group head of employee relations, and Glen Mpufane, IndustriALL’s mining director, led their respective delegations. The IndustriALL delegation included regional staff, representatives of local unions, and journalists from Dagens Arbete, the magazine of Swedish affiliate IF Metal.

A major objective of the mission was to evaluate Rio Tinto’s environmental, social and governance strategies. The operation has not been without controversy. During the mission, consultation was held with the herder community and their elders, the local community, the governor of Khanbogd sum, permanent and contractor employees, and NGOs critical of the operation.

Mongolia is richly endowed in natural resources and is heavily dependent on mining for its economic prospects. Oyu Tolgoi is the jewel in Rio Tinto’s crown, providing the company with an opportunity to demonstrate its commitment to responsible mining. Rio Tinto took the opportunity provided by the results of the Responsible Mining Index (RMI) to invite IndustriALL to Oyu Tolgoi.

IndustriALL participates in the RMI, which defines responsible mining as “…mining that demonstrably respects the interests of people and the environment, and contributes discernibly and fairly to broad economic development of the producing country.” Rio Tinto achieved one of the ten strongest results in four different areas: economic development, business conduct, working conditions and environmental responsibility.

IndustriALL held a workshop with Mongolian affiliate, the Federation of Energy, Geology and Mining Workers' Unions, for the leadership and over 40 representative shop stewards.

There are 16,117 workers at Oyu Tolgoi, split between a permanent Mongolian workforce of about 3,000 and a largely Mongolian and expatriate contractor workforce, involved in the underground expansion project. A major skills transfer from expatriates to Mongolians is a defining feature of skills development and training.

A large percentage of the Mongolian contracted workforce is set to be made permanent when the underground production comes on line. Evidence of the skills transfer is the large percentage of women operating massive hauling trucks at the open pit mine, and Mongolians holding critical senior management positions.

Glen Mpufane observed:

“The social license to operate is not a given, but must be earned, through transparency and trust in dialogue. Responsible mining is the pathway to obtaining that license”.

The conversation with Rio Tinto over its sustainability performance continues to include other global operations, for example QMM in Madagascar, RBM in South Africa, and the Rössing Uranium mine in Namibia.

SHIFTING TOWARDS FUTURE EXCELLENCE - 2018 www.mongolianbusinessdatabase.com

Shifting Towards Future Excellence - 2018 is a two-day project management professional development event, organized and hosted by PMI Mongolia Chapter on October 26-27 at Best Western Premier Tuushin Hotel. 
LEARN, NETWORK, BE GLOBAL

PURPOSE

Two-day conference will highlight PMI Mongolia Chapter's 5th year anniversary along with past achievements and engagement to Mongolian project management professionals and organizations. Within the perimeters of the framework two-day conference will cover Project Change Management, Agile Processes, BA for Effectiveness, Value Creations and Digital Transformation. Our main purpose is to distribute international standard knowledge of project, program, and portfolio management systematically in Mongolia. International Conference will introduce best practices of project management, new techniques, tools and trends.

WHO ARE WE?

Project management institute reaches across 2.9 million professionals in 200 countries. As a global thought leader and knowledge resource,PMI advances the profession of project management by developing global standards and credentials, creating collaborative communities, and conducting and publishing academic research.

WHO SHOULD ATTEND?
● Project, Program, Portfolio Managers
● Business Analysts, Investors
● Those wanting to learn more about Project Management
● Those interested in the latest tools and techniques

CONTENT AND SUB-MEETINGS

Content: Management of Changing, Digital Turn, Increasing the Benefit of Business, Increasing the result of Project, and agile method
Sub-Meetings:
October 26th, Friday. The opening of the conference, starts with the honored speech and the award of The Best Project and The Best Project Managers will be handed over.
The main speech of the conference will be in 3 topics: 1) Infrastructure and Mining 2) Banking and Technology 3) The State and Public Field. The each speech will last for 30 minutes and go on with questions, answers and panelists.
October 27th, Saturday. On this day, we will be holding workshops and interactive sessions including practice works in the frame of Project Management Talent Triangle which is maintained by PMI international organization, there will be 3 sub-seminars: 1) Leadership skill & strategy 2) The skill of technique of project management 3) Project management international trends

THE SPECIFIC OF THE CONFERENCE

● 4 Dynamic Key Note Speakers (including PMI Global key personnel) 
● 27 honored guest speaker case presentations 
● 8 workshops and interactive sessions
● PMPs can earn 16 PDUs toward their certification
● Networking opportunity with over 400 project managers
● Meet with PMI’s top Directors and Managers from Hong-Kong, Singapore, South Korea, Japan and Taiwan, China 
● Continental lunch and refreshments at breaks are included

Organizing committee
| |marketing@pmimongolia.mn
| www.pmi.org | www.pmimongolia.mn
| www.facebook.com/pmimongoliachapter
| www.twitter.com/pmimongolia

REGISTRATION 
1. Participant - 200,000MNT
2. Member - 150,000MNT
3. Group ticket (5+) - 180,000MNT
4. Early bird - 150,000MNT
5. Student ticket - 160,000MNT
6. Proud partner ticket - 160,000MNT

China to further boost $3.8 trillion digital economy, create more jobs www.reuters.com

BEIJING (Reuters) - China’s state planner on Wednesday called for further advancement in the country’s $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence (AI) will become drivers of job creation.

Washington to blacklist 12 Russian companies in new round of sanctions www.rt.com

The US Department of Commerce has imposed restrictions on 12 Russian corporations that are allegedly acting contrary to the national security or foreign policy interests of the US.
The document, set to be published on Wednesday, does not specify a date for the commencement of sanctions against the entities. It states that American corporations are banned from exporting dual-use goods to the sanctioned companies.

Potential cooperation on oil refinery discussed with Azerbaijan www.zgm.mn

President of Mongolia Battulga Khaltmaa is paying a working visit to the Republic of Azerbaijan. President Battulga held a bilateral meeting with his Azerbaijani counterpart Ilham Aliyev in tete-a-tete (face-to-face) and extended formats. The bilateral meeting took place in the Zagulba Palace, Baku, in a business-like and friendly atmosphere. At the beginning of the meeting, President Ilham Aliyev welcomed President Battulga to Azerbaijan, expressing his appreciation of the latter’s working visit. During the meeting, President Battulga recalled an interesting detail in bilateral relations wherein the Baku Oil Refinery established a small plant in Zuunbayan, Mongolia, on December 5, 1951, and ran the plant until 1969 with Azerbaijani experts coming to Mongolia to work at the plant.

President Ilham Aliyev listened to the story attentively and noted that it was possible for the two countries to cooperate in this sector, given the past experience. The heads of state of Mongolia and Azerbaijan agreed to jointly enter foreign markets via Mongolian territory, actively participate in regional development, and explore opportunities to cooperate on logistical assistance in exporting Mongolian-made products to the world market. After the meeting, the extended format meeting took place. Present at the meeting were, Deputy Minister of Foreign Affairs Battsetseg Batmunkh and Ambassador Extraordinary and Plenipotentiary of Mongolia to Turkey Bold Ravdan from the Mongolian side, and Minister of Economy Shahin Mustafayev and Deputy Head of the Foreign Policy Affairs Department of the Presidential Administration Hikmet Hajizadeh from the Azerbaijani side.

President Battulga Khaltmaa invites Azerbaijani President Ilham Aliyev to Mongolia
President Battulga pointed out that there is an enormous potential to enrich Mongolia-Azerbaijan relations with economic content, while requesting to cooperate in increasing bilateral trade and investment and activating business-to-business ties. President Ilham Aliyev supported the proposal, and the sides agreed on sending a research team of the Ministry of Economy and business representatives of Azerbaijan to Mongolia in October, 2018. President Ilham Aliyev also expressed his support toward the export of Mongolian products and goods to the Middle East through Azerbaijan. The sides agreed to carefully study the matters of exporting animal-origin products, including meat and leather, to Azerbaijan, making an investment for the establishment of cashmere and wool processing and carpet factory that will provide jobs to 300 people in Mongolia, and bringing in the required technology from Azerbaijan. The heads of state had an elaborate discussion on bilateral cooperation in agriculture, tourism, education, sports, and transport sectors. At the end of the meeting, President Battulga invited President Ilham Aliyev to Mongolia, and the latter expressed his appreciation of the invitation.