The Baikal Lake is unique, the ambassador said. "This is not merely the Russian but also the global treasury. Therefore we will undertake measures to prevent environmental problems and will jointly settle arising issues," the diplomat added.
Russian environmental and scientific circles have repeatedly expressed their concerns about Mongolia’s plans to build three dams at rivers that feed Lake Baikal, the world’s largest and deepest freshwater lake and a UNESCO World Heritage site. Under the plan, three dams are to be built: one at the Selenga River, that accounts for some 80% of all water that flows into the lake, and two at its main tributaries - the Eg River and the Orkhon River.
The announcement coincided with the unprecedented decline in the Baikal water level that started in fall of 2014 and continued through 2016.

The meeting was attended by Minister of Mining and Heavy Industry Ts.Dashdorj, MP A.Undraa, head of Mineral Resources and Petroleum Authority of the Government Implementing Agency B.Baatartsogt, CEO of Mongolian Stock Exchange Kh.Altai and other delegates from Mongolia.

As a result, MSE and Toronto’s Stock Exchange have decided to cooperate on starting double-registration activities. Although Mongolia enabled legal environment of double registration, stock companies have not taken advantage of this opportunity yet.

Toronto Stock Exchange is considered as one of the biggest stock market as it is ranked 9th in the world. A total of 3.278 registered companies are traded in the Stock Exchange with mostly mining companies. In 2015, the Stock Exchange raised a total of CAD 57.7 million funds.

Around 11 companies that operate in Mongolia are registered in the Toronto Stock Exchange, such as “Erdene Resource Development Corporation”, “South Gobi Resources” and “Turquoise Hill Resources”. Once the cooperation takes effect, these companies will be registered in MSE, offering shares and securities to the investors.

The press conference was co-held by Air Pollution Reduction, Environment, Health and Land Departments of the Ulaanbaatar Administration last Friday, and addressed the implementation of Ulaanbaatar Mayor’s ordinance issued in January and commonly asked questions by citizens.

M.Delgerekh, Head of the Air Pollution Reduction Department said, “National Security Council’s meeting on January 10 concluded that air pollution in the capital city had reached a hazardous level. In scope of the statement, Citizens’ Representative Khural of the capital city and aimags were ordered to draft a set of measures to be taken”.

“Our department has taken several measures, including the implementation of City without Smoke 2030 project and 2016-2020 action plan of Ulaanbaatar Mayor, authorizing specialized inspectors to inspect air pollution in four zones and inspections at steam boilers in Ulaanbaatar. We’ve also installed 200 air filter equipments in 50 kindergartens in the most polluted zones”, he said.

According to him, main markets will begin new standard stove sales from April 1 onwards and furthermore, stove producers will be under inspection. The new stove is estimated to reduce air pollution in the capital by up to 35 percent.

Three-month copper was last 1.1% on the London Metal Exchange to $5,794 a tonne, after it had lost 3.1% last week, the most since December, due partially to a stronger dollar. Earlier, the most-traded copper on the Shanghai Futures Exchange climbed 2.2% to close at 47,560 yuan ($6,887) a tonne.

Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg mine in Indonesia, are having a significant effect on global supplies of concentrate, Jiangxi Copper chairman Li Baomin told the Financial Times over the weekend. “It’s the first time in 15 years that copper concentrate is not overproduced,” he noted.

So far, prices have not reflected the full strength of the supply troubles. The metal, in fact, is up only 4% this year, but copper bulls insist that factors for a push higher are slowly falling into place.

BMI Research, for one, recently raised its 2017 copper price forecast to $5,500 from $5,150 on solid Chinese demand growth and supply interruptions.

Even so, new copper projects at such prices are not appealing at the moment. Based on predictions by Citigroup, the metal needs to rise to about $6,700 a tonne before mining companies commit to new greenfield projects. That means the industry will not likely boost capital spending until 2019.