China shuns Indian iron ore in favour of Australia's www.mining.com

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Australians among 19 on trial as Crown Resorts case opens in China www.reuters.com

Takata: Airbag-maker files for bankruptcy www.bbc.com

Japanese car parts maker Takata has filed for bankruptcy protection in the US and Japan.
It is facing billions of dollars in liabilities over its defective airbags, which have been linked to at least 17 deaths worldwide.
Some of the airbags contained faulty inflators which expanded with too much force, spraying metal shrapnel.
US-based Key Safety Systems (KSS) has bought all of Takata's assets, apart from those relating to the airbags.
The $1.6bn (£1.3bn) deal was announced after the Japanese firm filed for chapter 11 bankruptcy protection in the US, with similar action taken in Japan.
"Although Takata has been impacted by the global airbag recall, the underlying strength of its skilled employee base, geographic reach, and exceptional steering wheels, seat belts and other safety products have not diminished," said KSS chief executive Jason Luo.
Trillion-yen liabilities
More than 100 million cars with Takata airbags, including around 70 million vehicles in the US, have been recalled since concerns first emerged in 2007. It is the biggest safety recall in automotive history.
In January, Takata agreed to pay $1bn (£784m) in penalties in the US for concealing dangerous defects, and pleaded guilty to a single criminal charge.
The firm paid a $25m fine, $125m to people injured by the airbags as well as $850m to carmakers that used them.
But it is facing further legal action in the US and liabilities of 1 trillion yen ($9bn) - including to clients including Honda, BMW and Toyota have been paying recall costs until now.
Trading in Takata shares has been suspended on the Tokyo Stock Exchange, and the firm will be delisted late next month.
Small businesses that may be affected by Takata's bankruptcy will get support including loan guarantees says Japanese trade minister Hiroshige Seko.

Voting to be held in election in Mongolia www3.nhk.org.jp

Mongolian voters will cast their ballots in a presidential election on Monday.

Qatar told to close Al Jazeera www.cnn.com

Abu Dhabi, United Arab Emirates (CNN)Four Arab states that have boycotted Qatar have handed the country a list of 13 demands, including some likely to infuriate Doha and exacerbate the region's worst crisis in decades.

Mongolian presidential election neck and neck www.asia.nikkei.com

ULAANBAATAR -- Mongolians will vote for a new president on Monday, choosing from among three fresh faces to replace Tsakhiagiin Elbegdorj, whose second four-year term ends next month.

Mongolians fret over China investment as they prepare to vote www.reuters.com

By Terrence Edwards | TSOGTTSETSII, MONGOLIA
A few miles from Mongolia's giant Tavan Tolgoi mine, about 2,000 trucks a day set off across the Gobi desert, delivering coal to China on a road so narrow and ridden with pot holes it has become an accident black spot.

Nearby stand the foundations of a railway meant to connect Tavan Tolgoi to China to the south. The unfinished line would enable cash-strapped, landlocked Mongolia to sell more coal at higher prices to its biggest customer, which could also finance the project.

But despite the obvious economic benefits, the project has become a casualty of the ambivalence Mongolians feel about China's growing influence.

Those feelings loom large over a Mongolian presidential election on Monday.

"It's been left here for two years without any work," said the governor of Tsogttsetsii district, Orgodol Badarch, pointing to a gravel surface where the rails should have been laid, stretching into the distance for more than 200 km (124 miles).

"I'm not sure, but it may have to be rebuilt completely."

Voters will choose between an investment-friendly candidate and a populist "resource nationalist" rival in an election that is a referendum on both economic policy and China's role.

China's share of Mongolia's foreign trade was 68.5 percent from January to May this year, up from 1.5 percent in 1989. China took 90.5 percent of Mongolia's exports from January to May.

China wants Mongolia's coal and copper, and has the cash to build the infrastructure to get it - if Mongolia allows it.

Julian Dierkes, specialist in Mongolian politics at the University of British Columbia, said there was a lot of nationalist language in the party manifestos.

"Most of this must be thinking of Mongolia as united, but also, in part, united against China, even if that is not explicit," he said.

Miyeegombo Enkhbold, standing for the ruling Mongolian People's Party (MPP), is "open to foreign investment from all countries, that of course includes investment from China", a party official told Reuters.

"The reality for today is we have the supply, China has the demand," he said, while adding that Mongolia had to diversify and "reduce inappropriate dependence" on one country.

Enkhbold's main challenger, from the Democratic Party, is a former martial arts star, Khaltmaa Battulga, who has voiced suspicion about China's aims in a country that was under Chinese domination for centuries, until it gained independence in 1921.

Battulga said in an emailed statement on Thursday that China "is and must be a great partner of ours", but added that "rail and transportation for any country is both a national security and an economic issue".

"The resources will finish in 40 to 50 years and there will definitely be conflict between the Mongolians and the Chinese," Battulga said in a 2014 television interview.

Polling is not permitted during election campaigning, but in a March survey, 24.3 percent said the MPP could best solve problems compared with 10.6 percent for the Democratic Party.

POLITICS OF RAIL

Mongolia's economy has more than doubled in size since 2010, but some regions have seen little benefit and lack running water and reliable electricity.

While growing trade has brought jobs to Tsogttsetsii, poor transport means Mongolian coal is sold at a discount. Deliveries to China earned $66 a ton in April, half the price of shipments from Australia.

The railway track from Tsogttsetsii was meant to have been laid in 2014, but financing dried up. A tentative 2015 pact with China's Shenhua Group and Japan's Sumitomo Corp (8053.T) to develop the mine and the railway was blocked by parliament.

Battulga, transport minister from 2008 to 2012, had favored the wider Russian tracks, arguing that the international standard would leave Mongolia dependent on China. He recently said he'd go along with whatever parliament decided.

A century ago, Chinese warlords used railways to help colonize Inner Mongolia, and some Mongolian nationalists argue a cross-border link could help facilitate a Chinese invasion.

Though driven by Chinese demand, and by a billion-dollar deal to develop the Oyu Tolgoi copper-gold deposit now run by Rio Tinto (RIO.AX)(RIO.L), Mongolia's 2011-2013 mining boom encouraged politicians to think about ways to minimize dependence on China, and they drew up plans for rail links to the Russian Far East.

Parliamentarians also passed legislation blocking investment by foreign state-owned firms, aimed at blocking plans by the China Aluminium Corporation (2600.HK)(601600.SS) to acquire the Mongolia-based SouthGobi Resources (SGQ.TO).

But Mongolia can't be choosy. The government has been forced to implement austerity measures to secure a $5.5 billion bailout from the International Monetary Fund in May.

Ultimately, economic growth may hold more allure for voters than nationalism, said Sumati Luvsanvandev, head of the Sant Maral Foundation polling group.

"Anti-China sentiment cannot bring support to Battulga. They are interested in economic prosperity," he said of voters.

"They may be suspicious, but they're also quite pragmatic."

(Additional reporting and writing by David Stanway in SHANGHAI; Editing by Tony Munroe, Robert Birsel)

Corruption, economic crisis overshadow Mongolian election www.longisland.news12.com

ULAANBAATAR, Mongolia (AP) - Mongolians will vote for a new president on Monday in a race pitting a horse salesman against a former judo star and a nationalist wanting to get more from the vast landlocked country's mineral wealth.

The three candidates are seeking to succeed Tsakhia Elbegdorj of the Democratic Party who has served the maximum of two four-year terms. While the nation of 3 million had been an oasis of democratic stability since the end of communist rule nearly three decades ago, its politics have grown increasingly fractious amid an economic crisis and accusations of corruption among the ruling class.

Speaker of the parliament and horse dealer Miyegombo Enkhbold is representing the Mongolian People's Party, which won a landslide victory in legislative elections last year. He faces off against judo champion and business tycoon Khaltmaa Batulgaa of the Democratic Party, with Sainkhuu Ganbaatar of the Mongolian People's Revolutionary Party rounding out the field.

It's unclear whether Ganbaatar will be eligible to run after a video surfaced of him accepting a campaign donation from a South Korean citizen.

Sandwiched between Russia and China, resource-rich Mongolia has been roiled by financial upheaval and the increasing draw of China's economic and political influence that competes with its ties with the democratic West, especially the United States.

"This election looks orchestrated from the very beginning, with nomination of candidates in a very strange way," said Sumati Luvsandendev, director of the liberal-leaning Mongolian think tank the Sant Maral Foundation. "I have never seen an election like it."

Enkhbold, campaigning under the slogan of "National unity; Mongolian pride," is widely seen as representing stability at a time when Mongolia is showing tentative signs of recovery from its economic crisis brought about by a dramatic drop in global commodity prices.

He has been tainted by allegations of corruption, however. Last month, an audio tape was leaked to the public purportedly of a 90-minute conversation in 2014 between Enkhbold and two of his party's officials discussing a $25 million bribe to reshuffle government positions.

Batulgaa has campaigned on a "Mongolia First" policy, borrowing the language of U.S. President Donald Trump. His manifesto promises "a patriotic president" seeking "equal cooperation" with neighbors like China, which he has criticized in the past.

His company, "Genco," is one of Mongolia's largest, with businesses including hotels, media, banking, alcohol, horsemeat and a Genghis Khan-themed complex. He was also minister of agriculture between 2012 and 2014 and a former member of parliament, as well as president of the Mongolian Judo Association.

However, he too has been tarnished following an investigation last year by the Independent Authority Against Corruption into an alleged misappropriation of funds for a new railway during his time as minister of transport. Batulgaa is also reported to have various offshore accounts, an increasingly sensitive topic.

Ganbaatar, who like Batulgaa failed to keep his seat in 2016, has been a vocal critic of mining giant Rio Tinto, earning him past popularity. The self-described feng shui master and "Robin Hood" has often claimed the country should get a better deal with the company over its copper and gold mine, Oyu Tolgoi. The mine, 66 percent held by Rio subsidiary Turquoise Hill Resources, will account for one third of Mongolia's gross national product by 2020, according to estimates.

Foreign investment in Mongolia has slumped in recent years following weaker commodity prices and high-profile disputes between the government and large investors including Rio Tinto. Mongolia's economy grew just 1 percent last year, down from 17.5 percent in 2011 when it was the world's fastest growing. It now has $23 billion in debt, more than double the size of its economy. Unemployment is roughly 9 percent, with about one in five Mongolians living in poverty.

"Business is difficult," said Erdenechimeg Gunhabaatar, a 26-year-old fruit vendor and father of two. "I really think my government is in a difficult situation, especially with the economic crisis."

"I really hope with the new president, things will get better," Gunhabaatar said.

The country recently secured a $5.5 billion International Monetary Fund-led bailout to stem its financial crisis, with a $500 million bond repayment due in January 2018. Enkhbold's party pledges to continue the IMF's program, including higher taxes and spending cuts, while Ganbaatar has criticized the IMF.

That bailout will likely limit any Mongolian government's room for maneuver over the next several years, said Julian Dierkes, an associate professor at the University of British Columbia.

"The IMF plays a huge role; it locks in certain budgets and raises taxes," Dierkes said.

While a Sant Maral poll earlier this year suggested a strong lead for Enkhbold of the MPP, Luvsandendev says the likelihood of low voter turnout makes the result now "impossible to predict."

At least 50 percent of eligible voters must cast ballots for the election to be valid.

"The youth don't see themselves in the candidates," said Lkhagva Erdene, executive producer of news at independent broadcaster MongolTV. "We and many others feel the only road ahead is the one we pave ourselves."

Saruul Enkhbold contributed to this report.

Ambassador to Mongolia Catherine Arnold at the Queen's Birthday Party 2017 www.gov.uk

The first Presidential debate will take place tomorrow www.mongolia.gogo.mn

Mongolian National Broadcaster announced to organize the first Presidential debate for 2017 election on Jun 24 at 9 p.m. The debate will be carried live nationwide across Mongolian National Broadcaster, Mongolian News, and Mongolian radio. 

All three presidential candidates; namely, a nominee of Mongolian People`s Party M.Enkhbold, a nominee of Democratic Party Kh.Battulga and a nominee of Mongolian People`s Revolutionary Party S.Ganbaatar will appear in the debate. 
People are able to send their questions until 12 a.m today through 318971, 328643, 7000-1630 and songuul2017_asuult@mnb.mn as well as http://election2017.mnb.mn
The questions will cover following issues;
Legal and Justice
Economic and social situation
Security and foreign policy
Personal.