1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

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

NEWS

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Japan’s top diplomat to visit Central Asia, Mongolia, Pacific islands www.inform.kz

TOKYO. KAZINFORM - Foreign Minister Yoshimasa Hayashi will visit two Central Asian countries, Mongolia and two Pacific island nations, the Japanese government said Thursday, as Tokyo seeks cooperation in responding to Russia's aggression in Ukraine and other issues, Kyodo reports.
Minister Hayashi will first make a five-day trip through Monday, visiting Kazakhstan, Uzbekistan and Mongolia. Then he will make a three-day tour from May 6 to Fiji and Palau. He will meet with his counterparts and leaders of the countries, according to Foreign Ministry officials. Kazakhstan and Uzbekistan maintain close relations with both Russia and Ukraine. In Mongolia, Hayashi will seek support in resolving the issue of North Korea's past abductions of Japanese nationals, the officials said. Ulaanbaatar keeps close ties with Pyongyang. The visit to Fiji and Palau comes as Japan is promoting a «free and open Indo-Pacific,» a vision advocated by Japan and the United States and widely seen as a counter to China's growing military and economic clout in the region.
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Industrial output drops by 24.4 percent in the first quarter www.montsame.mn

By preliminary results, in the first quarter of 2022, the gross industrial output reached MNT 3.5 trillion, decreased by MNT 1.1 trillion (24.4%) from the previous year. This decrease was mainly due to MNT 1.2 trillion (34.7%) decrease in mining and quarrying and MNT 5.7 billion (0.7%) decrease in manufacturing production gross output. Also, the electricity, thermal energy and water supply production output increased by MNT 29.1 billion (7.1%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 6.5 billion (17.7%) from the previous year.
By preliminary results, in the first quarter of 2022, the mining and quarrying gross output reached MNT 2.2 trillion, decreased by MNT 1.2 trillion (34.7%) from the same period of previous year.
In the manufacturing sector, production of alcoholic beverage, pure water, soft drink, juice, combed cashmere, cashmere products and lime increased by 3.2 percent to 2.2 times compared to the previous year. In the manufacturing sector, productions of copper cathode (99%), milk, metal steel, spirt, cigarettes, coal briquette, cement, wheat flour, mask, sanitizer, meat and concentrated coal decreased by 1.2–98.5 percent compared to the same period of the previous year.
By preliminary results, in the first quarter of 2022, the sales of industrial output reached MNT 4.7 trillion, decreased by MNT 1.7 trillion (26.4%) compared to the same period of the previous year. This decrease mainly resulted from MNT 1.7 trillion (34.8%) decrease in sales of mining and quarrying output.
The sales of mining and quarrying output decreased by MNT 1.7 trillion (34.8%) compared to the same period of the previous year.
Source: National Statistics Office
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MNT 230 billion in loans to be provided to flour producers and meat processing enterprises www.montsame.mn

At today's regular Cabinet meeting, a decision was made to issue a loan of MNT 230 billion to flour producers and meat processing enterprises at a 3 percent interest rate.
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan said at a press conference to introduce the decision of the Cabinet meeting that the Government will cover the net interest spread of MNT 25 billion. The Minister also stressed that this will help reduce the pressure of the increase in the price of meat and flour on the citizens.
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Trade costs can be reduced by 13 percent if Mongolia accedes to framework agreement on cross-border paperless trade facilitation www.montsame.mn

The Seventh Meeting of the Interim Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation was held on April 25-26 in Bangkok, Thailand.
At the meeting, the participants discussed the advancements in the development of cross-border paperless trade in the region, and reviewed the progress of the implementation of the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific.
A. Tumur, Permanent Representative of Mongolia to the United Nations Economic and Social Commission for Asia and the Pacific, was a chair of the meeting.
Despite of not having yet acceded to the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, the Ministry of Foreign Affairs of Mongolia is working to have it ratified by the State Great Khural of Mongolia in the near future.
If Mongolia becomes a member state of the framework agreement and fully implements the agreement, it will be possible for Mongolia to reduce its current trade costs by up to 13 percent by coordinating its e-data with other member countries and exchanging information.
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Russia rejects ruble gas payment – media www.rt.com

Gazprombank, Russia’s key bank that handles European gas payments, has reportedly declined several payment attempts for April and May gas deliveries to Germany and Austria even though they were made through a ruble account. The bank rejected the transaction because the attempted payments came from a former Russian trading firm that was nationalized in Germany, people familiar with the matter told Bloomberg.
The Gazprom Marketing & Trading Limited (GM&T) had been controlled by Russia’s Gazprom Germania Group before April 4, when Berlin’s Economy Minister Robert Habeck announced that the subsidiary would come under the trusteeship of the German energy regulator until September 30.
The step was aimed at securing the nation’s energy supplies amid the unprecedented crisis in Europe that has been exacerbated by sanctions against Russia, the region’s major supplier of gas.
The rejected payment is reportedly part of a medium-term contract to supply 7 terawatt-hours of gas by the end of 2023.
In March, the Russian government issued a decree requiring European energy companies to open accounts at Gazprombank, where payments in euros or dollars would be converted to rubles. The measure was taken shortly after Russian President Vladimir Putin demanded that hostile states, which have imposed economic sanctions on Moscow, pay for Russian gas in rubles.
EU changes tune on ruble gas paymentsREAD MORE: EU changes tune on ruble gas payments
Earlier this month, Brussels said that paying for Russian gas in rubles by European Union buyers as demanded by the Kremlin would breach Ukraine-related sanctions. However, several member states agreed to use the new payment mechanism and have made their first payments in the Russian currency.
The GM&T case, which reportedly deals with a very small amount of gas, involves a payment process that is “unclear,” according to the statement by Germany’s energy regulator. The gas is due to be paid for in euros as agreed in the contract, it said, adding that GM&T can replace the gas by buying on the open market if it needs to.
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CU opens 200th store in Mongolia www.petrolplaza.com

Korea’s CU brand of convenience stores celebrated the opening of its 200th location in Mongolia. After entering the country 4 years ago, the retailer has reached the top position in the sector thanks to a market share of 70% and an 80% growth in sales from last year.
According to the press released published, CU manages a daily customer traffic of 1,000 per store. Its coffee brand “Get Coffee” also contributed to popularity, with an estimate of 200 cups per store in sales.
“The CU brand aims to reach 1.6 million customers in the capital city. To this end, we aim to open stores in other locations outside the city centre to provide more accessible services to citizens. Currently, 87 branches are open 24 hours a day,” said Chinzorig Ganbold, CEO of Central Express CVS JSC.
For the opening of the 200th branch, a special event was organised for customers and special promotions were announced. These included a 50% discount in its GET coffee brand and a 20% discount in some food products such as French Hotdogs and CU brand sandwich.
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Tax revenue increased by 40.1 percent compared to same period of previous year www.montsame.mn

According to the preliminary results in the first quarter of 2022, the total revenue of the general government budget was MNT 3.9 trillion, increased by MNT 1.0 trillion (36.1 percent) compared to the same period of the previous year. The equilibrated revenue of the general government budget was MNT 3.6 trillion increased by MNT 940.2 (35.8 percent) billion compared to the same period of the previous year.
On the other hand, the total expenditure and net lending was MNT 3.8 trillion, resulting in deficit of MNT 254.7 billion. In March 2022, the total equilibrated revenue and grants of general government budget was MNT 1.1 trillion, decreased by MNT 422.1 billion (27.7 percent) compared to the previous month. The total expenditure and net lending were MNT 1.4 trillion, increased by MNT 255.1 billion (22.5 percent) compared to the previous month.
The equilibrated balance of the general government budget was in surplus of MNT 390.4 billion in February 2022 while in deficit of MNT 286.8 billion in March 2022. In the first quarter of 2022, tax revenue increased by 2.4 percentage points and stabilization fund revenue increased by 4.1 percentage points while non-tax revenue decreased by 2.7 percentage points and the future heritage fund revenue decreased by 3.9 percentage points compared to the same period of the previous year.
In the first quarter of 2022, 2022, tax revenue reached MNT 3.4 trillion, increased by MNT 962.3 billion (40.1 percent) compared to the same period of the previous year.
In the first quarter of 2022, other taxes revenue increased by 7.8 percentage points while value added tax revenue decreased by 2.8 percentage points, income taxes revenue decreased by 2.5 percentage points, foreign activity revenue decreased by 1.2 percentage points, excise taxes revenue decreased by 1.2 percentage points and social security contributions revenue decreased by 0.1 percentage points compared to the same period of the previous year.
Source: National Statistics Office
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Russia’s war is turbocharging the world’s addiction to coal www.bloomberg.com

In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what’s typically a quiet route around the Cape of Good Hope toward Europe. Coal burning in the U.S. is in the midst of its biggest revival in a decade, while China is reopening shuttered mines and planning new ones.
The world’s addiction to coal, a fuel many thought would soon be on the way out, is now stronger than ever.
Demand has been on the rise since last year amid a natural gas shortage and as electricity use surged after pandemic restrictions were rolled back. But Russia’s invasion of Ukraine turbocharged the coal market, setting off a domino effect that’s leaving power producers scrambling for supply and pushing prices to record levels.
The boom in the world’s dirtiest fossil fuel has huge implications for the global economy.
The higher prices will continue to feed into rising inflation. But even with the recent surge, analysts say that coal is still one of the relatively cheapest fuels. That’s making it more critical for power supplies at a time when coal burning also remains the biggest single obstacle in the battle against climate change. Meanwhile, miners are struggling to dig up any additional tons as utilities around the world keep demanding more, setting the stage for the next phase of the global energy crisis.
“When you’re trying to balance decarbonization and energy security, everyone knows which one wins: Keeping the lights on,” said Steve Hulton, senior vice president for coal markets at market-research company Rystad Energy in Sydney. “That’s what keeps people in power, and stops people from rioting in the streets.”
In 2021, the world generated more electricity from coal than ever before, with an increase of 9% from the previous year, according to the International Energy Agency. For 2022, total coal consumption — for generating power, making steel and other industrial uses — is expected to rise by almost 2% to a record of just above 8 billion metric tons and remain there through at least 2024.
“All evidence indicates a widening gap between political ambitions and targets on one side and the realities of the current energy system on the other,” the IEA said, estimating that carbon-dioxide emissions from coal in 2024 will be at least 3 billion tons higher than in a scenario reaching net-zero by 2050.
Coal’s story is inextricably linked with natural gas, often promoted as the cleaner-burning alternative.
Europe’s energy crisis and the coal comeback
As the world began to emerge from the pandemic in mid-2021, power demand surged as stores and factories reopened. But Europe, which had been leading the global charge away from coal, faced an unprecedented crunch for electricity and a shortage of natural gas. At the same time, renewable power was tight in the region and in some other parts other world. The confluence of events sparked blackouts in some regions and sent gas prices to extremes around the world, ushering in the energy crisis.
Suddenly, coal was back in vogue as a less-expensive alternative. Thermal coal, the type burned by power plants, is one of the cheapest fuel sources “on the planet,” with costs at about $15 per million British thermal units, according to a report dated April 1 from Bank of America. That compares with about $25 for crude oil and the global price of $35 for natural gas, the report said.
The European Union, which has some of the world’s most ambitious climate targets, saw its coal use jump 12% last year, the first increase since 2017 — albeit, that gain was from low 2020 levels. Coal consumption climbed 17% in the U.S., and also rose in Asia, Africa and Latin America. India and China, which dominate global markets, were also big drivers for increasing world demand.
Just a few months ago, negotiators arrived in Glasgow for the COP26 climate conference optimistic they could “consign coal to history.”
Instead, the climate talks ended in November with a watering down of the language on the use of coal. China, the U.S. and India are the three biggest polluters, and all three have now pledged to zero-out their emissions in the decades ahead. Yet India and China pursued last-ditch interventions to soften language on coal usage, and the U.S. played a role in accepting that weaker position, calling into question the nations’ short-term commitment to curb coal.
And that was all before the recent further revival for the market.
The IEA issued its annual demand outlook back in December. The agency now plans to issue a mid-year revision in July — its first time ever to do so — to analyze the impact of the war. In all likelihood, demand will be higher than the December forecast as Russia’s invasion of Ukraine sets off a chain reaction in the global energy markets that further thrusts coal into the spotlight.
Can the EU give up Russian energy?
Europe is desperate for a way to reduce its reliance on Russia, a key supplier of fossil fuels. The EU is moving to ban Russian coal while also cranking up its overall use of the fuel as it seeks to simultaneously decrease its use of Russian natural gas. Europe’s move is centered on the notion that it will be able to pay more for non-Russian coal supplies than other buyers, a gamble that’s driving up global markets and could price out developing countries that may face shortages.
To help secure energy next winter, the German government is considering working with utilities like RWE AG to reactivate decommissioned coal-fired power plants and delay decommissioning of active facilities.
In Denmark, Orsted A/S is shoring up coal supplies to use instead of biomass, because supplies of the carbon-neutral wood pellets have been disrupted by the war. And Britain is exploring options to bolster energy security, including keeping open Drax Group Plc coal units.
“It’s the last hurrah for coal in Europe,” said Emma Champion, head of regional energy transitions at BloombergNEF.
Even before Europe’s risky move, coal supplies were already precarious. A power plant in Germany had to shut down last year when it ran out of coal. Shortages also led to power outages in India and China, which together account for about two-thirds of global coal consumption.
Coal’s price surge
Prices are hitting stratospheric levels. Futures prices for the Australian benchmark, which rarely breaks $100 a metric ton, spiked to $280 in October as utilities scoured the planet for fuel. It fell back, slightly, as relatively mild winter temperatures in the northern hemisphere eased some demand for power. But when Russia invaded Ukraine, supply concerns drove prices all the way to $440, an all-time high.
Europe’s market followed the same pattern, and even in the U.S., which is driven more by domestic demand, prices reached a 13-year high this month.
“The coal supply chain just wasn’t ready for that kind of shock,” said Xizhou Zhou, managing director for global power and renewables at S&P Global.
As coal grows in importance, supplies are unlikely to follow suit.
Miners are still concerned about long-term demand prospects, especially as the United Nations reiterates its view that the world needs to phase out the fuel. The report from the Intergovernmental Panel on Climate Change released this month showed that coal burning needs to hit zero by 2050 to reach the goal of limiting global heating to 1.5° Celsius (2.7° Fahrenheit).
“To say in the long run there’s no demand for your product, but in the short run, can you please ramp it up — that’s a lot to ask of a supply chain,” said Ethan Zindler, head of Americas research at BloombergNEF.
Adding to the chaos, policymakers and companies in Japan and South Korea are also making moves to curb Russian coal imports. That will leave even more of the world looking for alternatives to the 187 million tons that Russia exported to power plants last year, which equals about 18% of the world’s thermal coal trade.
It won’t be easy to replace.
Global supply issues
Global production still hasn’t rebounded to pre-pandemic levels. Miners have been hobbled by weather problems, labor shortages and transportation issues, as well as a lack of investment in new capacity.
Indonesia, the top shipper of coal for power stations, halted exports of coal early this year to secure domestic supplies. Producers in Australia, another key exporter, have flagged they have limited ability to raise sales. State-owned Coal India Ltd., the world’s biggest miner, is limiting deliveries to industrial users to prioritize power plants in a bid to avert blackouts for millions of households. Exports from South Africa’s Richards Bay Coal Terminal fell to 58.7 million tons in 2021, the lowest in 25 years.
“The global seaborne coal market remains very tight this year,” said Shirley Zhang, an analyst at Wood Mackenzie Ltd. “So finding alternative supply would be extremely challenging regardless of high prices.”
As global coal supplies tighten and prices rise, emerging-market nations may no longer be able to afford to procure the fuel to keep their economies running. Cash-strapped countries in South Asia, like Pakistan, Sri Lanka and Bangladesh, are particularly exposed to price shocks and are already grappling with energy shortages.
To be sure, if coal’s price surge continues, that could in the longer term further encourage countries to wean themselves off the fuel and replace it with more renewables. And the larger geopolitical tensions brought on by Russia’s war are bolstering the argument that adding more electric vehicles to roads and installing additional wind turbines and solar panels can boost energy independence.
The impact of China’s fuel demand
China is also in the midst of a fossil-fuel production boom. Growing coal output has been an obsession of Beijing’s since a shortage of the fuel caused last year’s widespread power outages.
The nation mines half the world’s coal, and output has been rising just as a recent new spat of pandemic lockdowns slowed economic activity and curbed power demand. But it’s unclear whether the production surges are sustainable, with a top industry official saying recently that the push has reached its limits.
For now, the most-immediate dynamic is a global fight over available coal supplies to avoid power shortages.
“I don’t know if I even have an extra 200 tons,” said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC, the top U.S. exporter. “There physically isn’t the production capacity.”
(By Will Wade and Stephen Stapczynski, with assistance from Paul Burkhardt, Dan Murtaugh, Rajesh Kumar Singh, Eko Listiyorini, Jesper Starn, Todd Gillespie, Will Mathis and Iain Rogers)
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China Locks Down Northern Hub for Coal and Rare Earths Output www.bloomberg.com

(Bloomberg) -- The lockdown of Baotou in the northern region of Inner Mongolia takes China’s Covid Zero policy deep into coal country and to a crucial hub for the production of rare earths. Baotou, home to about 2.7 million people, announced late Monday that it will lock down for a week after it reported two cases of the virus. China Northern Rare Earth Group, one of the country’s six major miners of the minerals, is based in the city and operates the nearby Baiyun Obo mine, the world’s largest rare earth deposit. China is by far the world’s biggest producer of rare earths, and its threat to use that dominance drew global attention three years ago during the trade war with the U.S. The set of elements defined as rare earths are commonplace in components used in everything from cars to hoome appliances and military hardware. Calls to the company seeking comment on its operations weren’t answered. Baotou is also the biggest city in China’s no. 2 coal producing region, some two hours drive from the mining hub of Ordos. Inner Mongolia accounted for about a quarter of national coal output last year, and as such maintaining its production would be critical to preventing a repeat of the power crisis that struck China in the fall. Commodities Supply and Demand The arrival of omicron on China’s shores has threatened to disrupt coal production by slowing mining activity and stalling transportation from mines to factories. In March, the queues waiting to pick up and deliver the fuel grew longer as truckers were forced to navigate lockdown requirements. But the recent outbreak is unlikely to dent supply because of the strict measures already taken by miners to stop the virus spreading, said Yu Zhai, senior consultant at Wood Mackenzie Ltd.
But the recent outbreak is unlikely to dent supply because of the strict measures already taken by miners to stop the virus spreading, said Yu Zhai, senior consultant at Wood Mackenzie Ltd. Zhai cited preventative measures including drivers not being allowed to leave their trucks when they visit mines, and the fact that miners normally work and live in independent areas, which makes it easy for local government to isolate positive areas with little impact on other mines. “Although the pandemic has worsened in China in March and April, no cases were reported at the mines, so it looks like the measures make sense,” he said. Steelmaker Baogang Group is also based in the city and has 16.5 million tons of annual capacity, according to its website. China churns out about 1 billion tons of the alloy a year. Calls to the company seeking comment weren’t answered.
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Sweco wins big construction project in Mongolia www.energywatch.com

Engineering consultancy Sweco has won a large construction project in Mongolia’s second-largest city, Erdenet, entailing a range of undertakings such as updating and extending the district heating grid, consultancy on energy optimization for existing structures as well as providing advice for new residential buildings for local population now living in small houses or traditional yurts.
Alongside international partners, Sweco’s architects and engineers are now carrying out preliminary assessments on behalf of the The European Bank for Reconstruction and Development (EBRD) to realize the project.
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