1 NUMBER OF FOREIGN VISITORS ENTERING MONGOLIA INCREASED BY 32.6 PERCENT COMPARED TO PREVIOUS YEAR WWW.MONTSAME.MN PUBLISHED:2025/01/29      2 “ATAR-4” SUSTAINABLE AGRICULTURE DEVELOPMENT CAMPAIGN TO BEGIN IN FEBRUARY WWW.MONTSAME.MN PUBLISHED:2025/01/29      3 MONGOLIA TO RESUME SPRING HORSE RACING WWW.XINHUANET.COM PUBLISHED:2025/01/29      4 20TH LIFESTYLE WEEK TRADE FAIR TOKYO, JAPAN. JULY 02-04. 2025 WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/01/29      5 MONGOLIA'S WORKFORCE DEMAND IN 2025 WILL REACH 83.7 THOUSAND WWW.MONTSAME.MN PUBLISHED:2025/01/29      6 IMPLEMENTATION OF TAX LAW UNDER DISCUSSION WWW.MONTSAME.MN PUBLISHED:2025/01/29      7 MEET THE WOMAN BRINGING AI TO MONGOLIA’S NOMADIC HERDERS WWW.CNN.COM PUBLISHED:2025/01/29      8 MONGOLIA TO IMPLEMENT PROJECT FOR IMPROVING PEATLAND ECOSYTEMS WWW.MONTSAME.MN PUBLISHED:2025/01/29      9 MONGOLIA AT DAVOS 2025: AI AND EMERGING INDUSTRIES WWW.THEDIPLOMAT.COM PUBLISHED:2025/01/29      10 A STEPPE FORWARD: HOW TO REVIVE MONGOLIA'S GRASSLANDS AND FIGHT CLIMATE CHANGE WWW.BLOGS.ADB.ORG  PUBLISHED:2025/01/29      ИРЭХ САРЫН 1-НЭЭС АВТОБУСААР ЗОРЧИХДОО 1000 ТӨГРӨГ ТӨЛНӨ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29     "АТРЫН IV" АЯНЫГ ХЭРЭГЖҮҮЛЖ ТАРИАЛАЛТАА 200 МЯНГА ГА-ГААР НЭМЭГДҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     ЗӨВХӨН УГААЖ, САМНАСАН НООЛУУР ЭКСПОРТЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     "20TH LIFESTYLE WEEK" ОЛОН УЛСЫН ҮЗЭСГЭЛЭН ЯАРМАГ ТОКИО, ЯПОН 2025 ОНЫ 7 САРЫН 02-04 WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/01/29     УЛСЫН ХИЛЭЭР ОРСОН ГАДААДЫН ЗОРЧИГЧИД ӨМНӨХ ОНЫХООС 32.6 ХУВИАР ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29     ТӨЛБӨРТ ЗОГСООЛУУДЫГ НИЙСЛЭЛ ХАРИУЦАЖ, МЕНЕЖМЕНТИЙГ ХУВИЙН КОМПАНИ ХИЙНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/29     ЗГ: МАХНЫ ҮНИЙГ БУУРУУЛАХЫН ТУЛД ЭКСПОРТЫГ ХЯЗГААРЛАНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/29     Л.ЭНХ-АМГАЛАН: ХУУЛЬ БУСААР УРАЛДААН ЗОХИОН БАЙГУУЛСАН ХҮМҮҮСТ ЭРҮҮГИЙН ХАРИУЦЛАГА ХҮЛЭЭЛГЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     ЦАХИУРЫН ХӨНДИЙД $1 ИХ НАЯДЫН ЦОХИЛТ АМСУУЛСАН "DEEPSEEK"-ИЙН ТАЛААР ТАНЫ МЭДВЭЛ ЗОХИХ БҮХ ЗҮЙЛ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/29     ХӨДӨЛМӨРИЙН ЗАХ ЗЭЭЛД ЭНЭ ОНД 83.7 МЯНГАН АЖИЛЛАХ ХҮЧНИЙ ЭРЭЛТ ҮҮСЭХЭЭР БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

64x64

Kinross eyes expansions at its new gold mines in Nevada www.mining.com

Canada’s Kinross (TSX:G) (NYSE:KGC), the world’s fifth largest gold producer, believes it can increase reserves at its Bald Mountain and Round Mountain mines, which it acquired from Barrick Gold (TSX, NYSE:ABX) late last year.
 
The company, which is looking to strengthen its portfolio in North America, has increased its exploration budget for the year by 50% to $9 million as "promising results” at Bald Mountain have “reaffirmed Kinross' confidence in the site's significant upside potential," it said in a market update ahead of an analyst tour this week.Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, also see great potential in its other Nevada-based mien — Round Mountain. Here the firm continues with an improvement initiative launched in 2014 aimed at enhancing heap leach performance. This process solution management heap leach program is expected to produce approximately 200,000 to 230,000 gold-equivalent ounces over the life of the mine at a low cost of $200 to $400 per gold-equivalent ounce, which includes production cost of sales and capital expenditures, Kinross said.
 
The company recently completed a scoping study for a potential expansion at Round Mountain known as “Phase W,” which added approximately 2.4 million gold ounces to the estimated inferred mineral resource.
 
The Toronto-based miner was already the operator of the Round Mountain mine when it bought the other half from Barrick. As part of that deal, which also saw Kinross acquiring neighbouring Bald Mountain, the two companies formed a joint venture to explore a large land package on the property.
 
The company noted that the permitting process to allow expansion of exploration and mining activities is entering its final days of completion with no substantive issues remaining. The permit covers the expanded mine plan, numerous under-explored pits (including the Vantage Complex and Yankee, another promising target in the South area), and provides significant flexibility for future growth, such as allowing for extensive heap leach capacity.
...


64x64

Russia prolongs Western food embargo until end of 2017 www.reuters.com

Russian President Vladimir Putin has signed a decree that prolongs economic sanctions on some Western products from August of this year until the end of 2017.
A ban on importing certain agricultural produce, foods and raw materials from countries that have sanctioned Russia was first introduced in the summer of 2014. Moscow extended its counter measures in response to anti-Russia sanctions in June last year.
 
The latest decree, aimed at "protecting Russia's national interests," followed suggestions put forward by Prime Minister Dmitry Medvedev in late May. Medvedev tasked the government with preparing a package of measures that would potentially be in force until late 2017. The draft package was then introduced to the president.
 
Putin's decree says that the government may offer proposals to change the ban's terms "when necessary."Despite a number of Western officials opposing an economic stand-off with Russia and saying that it is their economies that suffer, the EU is likely to prolong its sanctions against Moscow through January 2017, Reuters reported last week, citing diplomatic sources. The decision has yet to be formally approved by the bloc's ministers in Brussels.With trade between Russia and the EU having dropped by over $180 billion between 2013 and last year, Russia has repeatedly criticized the West’s restrictive policy as counterproductive. Speaking at the St. Petersburg International Economic Forum (SPIEF) this month, President Putin announced that Moscow might lift its sanctions first when "sure that these unilateral measures will be followed by a reciprocal step." Italian Prime Minister Matteo Renzi, who suggested the move for Moscow, in turn has said he will urge his European colleagues in the bloc to thoroughly discuss their next move with regard to anti-Russia sanctions.
...


64x64

North America leaders meet with trade threats, Brexit on their minds www.reuters.com

The leaders of the United States, Canada and Mexico gather on Wednesday to stress the importance of trade at a time of mounting international doubts about the benefits of globalization.
 
The three nations belong to the North American Free Trade Agreement (NAFTA), which U.S. Republican presidential candidate Donald Trump on Tuesday vowed to renegotiate or even scrap if he wins power.
 
Trump says free trade has been disastrous for American workers, costing countless thousands of jobs and depressing wages. Similar complaints were heard in Britain ahead of a shock referendum vote last week to leave the European Union and its own free trade area.
 
"We've seen around the world many examples of protectionism, of concern, of stepping away from trade agreements," Canadian Prime Minister Justin Trudeau told reporters on Tuesday, stressing the need for more rather than less cooperation.
 
"Better partnerships are a path to prosperity and that's a compelling example that we want to showcase at a time where unfortunately people are prone to turning inwards, which will be at the cost of economic growth and their own success."
 
Trudeau, U.S. President Barack Obama and Mexican President Enrique Pena Nieto will meet in Ottawa and are scheduled to hold a news conference at 3 p.m. (1900 GMT). The leaders, known informally as the Three Amigos, usually meet about once a year.
 
"We anticipate that leaders will spend a significant time talking about trade, for example, how to facilitate trade by automating our borders," U.S. National Security Council official Mark Feierstein told reporters on Tuesday.
 
The trio will also discuss Britain's so-called Brexit vote, which wiped more than $2 trillion off global equity markets and dealt a huge blow to the EU.
 
"The president will obviously want an opportunity to discuss ... how we may be able to coordinate our efforts to insulate ourselves to the extent possible," said Feierstein.
 
Earl Wayne, Obama's former ambassador to Mexico, said that amid increasing criticism of NAFTA, leaders had to find a better way to explain that up to 14 million U.S. jobs depend on trade with Canada and Mexico.
 
"That's a hard story to tell," he told reporters. "There is a lot of skepticism, and it's easier to sell the negative arguments."
 
The three men will also pledge to produce 50 percent of their nations' electricity from clean energy by 2025.
 
Obama is due to address the Canadian Parliament at 5.25 p.m. (2125 GMT).
...


64x64

Japan stocks continue to stabilise despite Brexit turmoil www.bbc.com

Japanese shares on Tuesday continued to roll back losses from last Friday's sharp post-Brexit tumble.
After falling initially in morning trade, the Nikkei 225 index continued to build on Monday's gains and closed 0.1% higher at 15,323.14.
But with the yen remaining strong, Japanese exporters continued to suffer.
As investors remain on edge over the possible fallout from Brexit, they are flocking to the yen as a haven, driving the currency higher.
A rise in the yen makes Japanese goods more expensive abroad, potentially damaging the prospects of the country's crucial export sector.On Monday, the government in Tokyo had tried to reassure businesses by promising it would take action if needed to rein in the yen.
Carmakers Toyota, Nissan and Honda - all of which have production sites in the UK - all saw their shares fall on Tuesday.
Shares in other exporters, such as Hitachi, Panasonic and Yamaha, also dropped.
Over in Hong Kong the Hang Seng index closed down 0.27% at 20,172.46, while China's benchmark Shanghai Composite closed up 0.58% to 2,912.56.
Australia's ASX/200 in Sydney fell 0.7% to close at 5,103.30.
South Korea's benchmark Kospi index was lower in morning trade but ended the day 0.5% higher at 1,936.22.
Shares in Europe, the UK and the US saw heavy losses on Monday with the uncertainty over the UK's economic future intensifying.
The UK has now lost its top AAA rating from all the three major ratings agencies.
...


64x64

Pfizer to invest $350 million in China biotech hub, first in Asia www.reuters.com

Pfizer Inc (PFE.N) will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products.
 
The facility in eastern Hangzhou region - Pfizer's first biotech center in Asia - is expected to be completed by 2018, the firm said in a statement on Tuesday.
 
Global "Big Pharma" is increasingly looking for smart ways to tap China's healthcare market, estimated by consultancy IMS Health to be worth around $185 billion by 2018. From investing in China facilities to acquisitions, licensing deals and joint ventures, the aim is to seek an edge in dealings with domestic regulators and government.
 
John Young, group president for Pfizer's essential health division, said in the statement that the Hangzhou facility should "help support China's aim to increase the complexity and value of its manufacturing sector by 2025".
 
Pfizer said it would "work closely" with local regulators to bring the drugs "to market as soon as possible". The center will mostly on biologic drugs - made from living micro-organisms rather than chemically synthesized - and lower-cost 'biosimilars', of generic versions of biologics.
 
Pharmaceutical executives have long complained about the slow process of getting drugs to market in China, while others have run up against regulatory roadblocks. Pfizer had to close its vaccine business in the country last year after a license for its top-selling vaccine Prevenar was not renewed.
 
China's overall healthcare spending is set to hit $1.3 trillion by 2020, but drug market growth has slowed to a low single-digit percentage pace from over 20 percent just four years ago as branded generics have lost their shine and Beijing has looked to drive down prices to keep a lid on costs.
...


64x64

Abe urges support for small firms following Brexit www3.nhk.or.jp

Prime Minister Shinzo Abe says his government will do everything it can to support smaller businesses to weather the possible impact of the UK's vote to leave the European Union.
 
The government held an extraordinary meeting of its Council on Economic and Fiscal Policy on Tuesday.
 
Besides helping small companies, Abe said it is necessary to nip risks in the bud to keep the global economic growth on track.
 
He was responding to comments by a private-sector member of the Council. Sadayuki Sakakibara is the chairman of Japan's largest business federation, Keidanren.
 
Sakakibara spoke of heightened concern among Japanese companies about confusion in financial markets and a need to rethink their business strategies.
...


64x64

Prime Minister launches Mongolia Investment Guide www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The guide was launched by Mongolia's Prime Minister, Chimediin Saikhanbileg, at a ceremony in Ulaanbaatar. He said it would "improve transparency, reduce bureaucracy, improve the business environment and strengthen relations with investors", writes UNCTAD.
 
Designed to facilitate investment decisions, the UNCTAD online Investment Guide to Mongolia provides local and foreign investors with updated and hard-to-find information on operating costs, wages, rents and taxes, as well as on laws, procedures opportunities in mining, agriculture, tourism and financial services, and useful contacts.
 
The guide is aimed at helping Mongolia attract the kind of investment it needs to fulfill the aspirations set out in the global Sustainable Development Goals. UNCTAD has calculated that to achieve the SDGs developing countries globally need to attract $2.5 trillion a year in private investment per annum to bridge the current financing gap.
 
The information in the guide was developed following extensive meetings with government agencies that deal with investors as well as with investors themselves. To this end, the guide provides an overall investment picture that isn't available elsewhere.
 
Staff at the Invest Mongolia Agency took the lead in producing the information and data, under the guidance of UNCTAD. Training on investment issues was a key element in the programme.
 
The guide is based on a platform developed by UNCTAD (www.theiguides.org) and currently used in a number of countries. It has been designed to be easy update, ensuring the information available remains relevant.
 
The Mongolia investment guide is part of a package of assistance provided by UNCTAD to the Government on investment matters, and follows the Investment Policy Review of Mongolia of 2013.
...


64x64

VW US emissions settlement reported to cost $15bn www.bbc.com

German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests.
The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks.
Last year, US regulators discovered that VW cars were fitted with software that could distort emissions tests.
The German giant subsequently said 11 million cars were affected worldwide.
The US settlement is still pending approval by a judge, but it would be the largest car scandal settlement in the country's history. The details are expected to be announced on Tuesday.
According to news agencies, the legal settlement sets aside $10 billion to repair or buy back around 475,000 affected vehicles with 2-litre diesel engines, and to compensate owners with a payment of up to $10,000.
Car owners would still be able to decline the VW offer and sue the firm on their own.
According to the sources quoted by news agencies, the deal also includes $2.7bn in funds to offset excess diesel emissions and $2bn for research into green energy and environment-friendly cars.
Caught cheating
The German carmaker installed software in diesel engines to detect when they were being tested so the cars could cheat the results.
Some models could have been pumping out up to 40 times the legal limit of the pollutant, nitrogen oxide, regulators disclosed.
Volkswagen told its shareholders last year it had set aside $7.3bn to help defray the potential costs of a recall or regulatory penalties.
That amount though might not be enough - the company faces as much as $20bn in fines for Clean Air Act violations alone.
The increased emissions provision pushed VW to an annual pre-tax loss of €1.3bn (€1.4bn), compared with a profit of €14.7bn the previous year.
VW expected group sales to fall by up to 5% in 2016.
...


64x64

EU referendum: German car makers warn on free movement www.bbc.com

German car makers have said that the UK will have to accept the free movement of EU citizens in return for access to the single market.
Matthias Wissmann, from the German Automotive Industry Association, said the UK would have to accept the "bitter pill" of free movement.
Restricting access to the UK was a key promise of the Leave campaign.
Leave campaigners also argued that, to help car exports, Germany would push for a generous trade deal with the UK.
However the German car makers appear to be taking a tough line.
"We don't like to build new barriers... but any bid to secure full access to the single market would necessarily come with conditions. Everyone who negotiates on the British side will understand that," Mr Wissmann said.
"If you want full access to the market, that comes necessarily with the free movement of people. That's the bitter pill the Brexiteers have to accept," he added.Responding to those comments, Conservative MP John Redwood said: "The contacts I've had over recent months have always stressed to me that Germany doesn't wish to impose new tariffs or other barriers in the way of our trade
"And Germany in particular doesn't want the World Trade Organisation external tariffs on cars, because that's one of the few which is quite a bit higher."
...


64x64

Japan, US officials to cooperate on Brexit www3.nhk.or.jp

Senior officials from Japan and the United States have agreed to work together to stop adverse effects on the economy and security from the UK's decision to leave the European Union.
 
Japan's Vice Minister for Foreign Affairs Shinsuke Sugiyama met with US Deputy Secretary of State Antony Blinken in Washington on Monday.
 
After the meeting, Sugiyama told reporters that he and Blinken shared the view that the UK is an important country that has cooperative ties with both Japan and the US.
 
He also said they noted that the security situation in the Asia-Pacific region is becoming increasingly tense in the wake of North Korea's launches of 2 missiles last week.
 
Sugiyama said he agreed with Blinken that it is important to strengthen cooperation between Japan, the US and South Korea.
 
Later this week, Sugiyama will also visit London and Brussels, where the EU headquarters is located, to meet with senior officials.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook