1 MONGOLIA DRAGGED ITS WILD HORSES BACK FROM EXTINCTION – CAN IT SAVE THE REST OF ITS WILDLIFE? WWW.THEGUARDIAN.COM PUBLISHED:2024/01/13      2 FOUR KILLED BY HEAVY SNOW IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2024/01/13      3 CHINA-MADE BUSES TO HIT THE ROAD IN MONGOLIA'S CAPITAL WWW.XINHUANET.COM PUBLISHED:2024/01/13      4 MONGOLIA'S GDP EXPECTED TO GROW BY 6.2% IN 2024 - WORLD BANK WWW.AKIPRESS.COM PUBLISHED:2024/01/13      5 CHINA'S IMPORTS OF MONGOLIAN COAL SET TO RISE AS TRANSPORT IMPROVES WWW.REUTERS.COM PUBLISHED:2024/01/13      6 RUSSIA BOOSTS FUEL EXPORTS TO CENTRAL ASIA, AFGHANISTAN AND MONGOLIA IN 2023 WWW.REUTERS.COM PUBLISHED:2024/01/13      7 MONGOLIA'S INFLATION DOWN TO 7.9 PCT WWW.XINHUANET.COM PUBLISHED:2024/01/11      8 PRESIDENT OF MONGOLIA INVITED HEADS OF STATE OF TWO NEIGHBORING COUNTRIES WWW.GOGO.MN PUBLISHED:2024/01/11      9 63.2 PERCENT OF MILK AND DAIRY PRODUCTS DOMESTICALLY SOURCED WWW.MONTSAME.MN PUBLISHED:2024/01/11      10 ELECTRIC VEHICLE CHARGING STATIONS TO BE BUILT AT 25 LOCATIONS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/01/11      ИНФЛЯЦЫН ТҮВШИН 7.9 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/01/14     АЮУЛТ ҮЗЭГДЭЛ, ОСЛЫН ТОХИОЛДОЛ ӨМНӨХ ОНООС 4.3 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2024/01/14     ОЛОН УЛСЫН ЗАХ ЗЭЭЛЭЭС 225 САЯ АМ.ДОЛЛАРЫН БОНДЫГ АМЖИЛТТАЙ АРИЛЖААЛЛАА WWW.IKON.MN  НИЙТЭЛСЭН:2024/01/14     "МОНГОЛЫН ХӨРӨНГИЙН БИРЖ" ХК НЭГ ЖИЛИЙН ХУГАЦААНД 15.1 САЯ ТОНН НҮҮРСИЙГ ₮7.4 ИХ НАЯДААР АРИЛЖЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦЫГ ТОГТВОРЖУУЛАХАД ЧИГЛЭСЭН МӨНГӨНИЙ БОДЛОГО ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/14     ИРЭЭДҮЙН БЭЛЭН БАЙДЛЫН ИНДЕКСЭЭР МОНГОЛ УЛС 124 УЛСААС 75 ДУГААРТ ЭРЭМБЭЛЭГДЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/14     XII САРД ШИНЭ ОРОН СУУЦНЫ ҮНИЙН ӨСӨЛТИЙН ХУРД ҮЛ ЯЛИГ СААРЧ, 9.9 ХУВЬ БОЛОВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2024/01/14     БҮХ ТӨРЛИЙН ТЭЭВРЭЭР 105 САЯ ТОНН АЧАА ТЭЭВЭРЛЭЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦ 3 САР ДАРААЛАН НЭГ ОРОНТОЙ ТООНД ХАДГАЛАГДАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/11     ӨНГӨРСӨН ОНД НҮҮРСНИЙ ЭКСПОРТЫН 92 ХУВИЙГ АВТО ЗАМЫН ХИЛИЙН БООМТООР ГАРГАЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/11    

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”ТОКИОГИЙН ЗАГВАРЫН ЕРТӨНЦ” ҮЗЭСГЭЛЭН ЯАРМАГ RX Japan Tokyo

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Copper mining is Opec on crack, so why is the price falling? www.mining.com

Much like the reference in this piece’s headline, it’s a cliché to call a country the Saudia Arabia of something.
The top search suggestion at the moment is the Saudi Arabia of wind. That’s Boris Johnson’s dream for the UK and from a leader with an affinity for hot air, perhaps not unexpected.
The Saudi Arabia of lithium query takes you to a story about Chile, which is wrong. Neither is it Afghanistan as this article in the NYT would have it. It’s Nevada; Elon Musk confirmed it last year.
The Saudi Arabia of sashimi is… well just google it. (it’s Palau – ed.)
Chile is not the Saudi Arabia of copper either.
It’s the Saudia Arabia, Iraq, UAE, Iran, Kuwait, Nigeria, Angola, Algeria, Venezuela, Libya, Congo-Brazzaville, Gabon and Equatorial Guinea of copper.
Chile’s share of global copper output is on par with the combined output of the 13 members of Opec in the crude trade.
In 2020 the South American nation produced 5.7m tonnes of copper out of a global total of 20.2m tonnes, according to the US Geological Service. Opec countries were responsible for 24.3m of the 76.1 million barrels per day produced during March this year, according to the US Energy Information Administration.
Chile+
Chile and Peru together constitute close to 40% of world production, which is roughly the share of what is known as Opec+ (add Russia). And consider that Chile and especially Peru suffered frequent covid-related mining disruptions last year (not to mention blockades at some of the biggest mines and transport strikes).
The concentration at the top is only going to increase. The Democratic Republic of the Congo could as soon as next year overtake China as the no 3 producer when the Ivanhoe-Zijin JV, Kamoa-Kakula, adds 400,000ktpa to the country’s total (and doubling its contribution six years later).
Apart from Rio Tinto’s much-anticipated block cave at Oyu Tolgoi (330ktpa) in Mongolia on the Chinese border, the only near-production projects close to this size are in South America.
Anglo American’s greenfield Quellaveco project (300ktpa) in Peru and Teck Resources’ phase 2 at Quebrada Blanca (295ktpa) in northern Chile will further entrench the two countries’ dominance.
Playing with monopsony money
As in other spheres, China plays the long game in mining.
It bagged the largest new copper mine to come on stream in decades – Las Bambas in Peru – by making its sale to a Chinese concern a requirement for approving the 2014 Glencore-Xstrata merger.
In 2016, China Moly picked up Tenke Fungurume in the biggest overseas splash since Las Bambas, paying $2.7 billion to take it off Freeport-McMoRan and Lundin’s hands.
In all, China has spent $16 billion on buying copper projects around the world and at the moment owns 30 operating copper mines and 38 exploration projects.
That’s over and above Beijing’s annual foreign direct investment in mining and exploration, which reached $2.2 billion in 2019.
Go downstream, things will be great when you’re downstream
It’s not only primary production that’s highly concentrated, there’s a lock on the midstream.
Overall, 63% of China’s copper concentrate comes from Chile and Peru, and after decades of investment in the sector, the country refines over 40% of the world’s copper, six times its nearest rival, Japan.
The Tenke deal supercharged the 4C supply chain – Congo-Copper-Cobalt-China – as Chinese imports of concentrate from central Africa and elsewhere accelerated towards 2020’s total of just under 22m tonnes per year.
Cobalt is a by-product of copper mining — primarily in the DRC which is responsible for some two-thirds of global output. China owns 82% of global midstream processing of cobalt for batteries. For nickel in the EV supply chain it’s 65%.
The Biden administration reportedly wants to copy the Chinese playbook, but in order to placate environmentalists will skip the mining part.
In the words of one official involved in critical minerals policy, “it’s not that hard to dig a hole. What’s hard is getting that stuff out and getting it to processing facilities.”
Just like all the oil processing facilities in the US shielded it from the Opec-induced oil supply shocks of the 1970s. Right?
Earthquake in Chile
While the Middle-East is a volatile region (to use a well-worn euphemism), its hereditary leaders and pseudo-democracies have a way of keeping the oil flowing regardless of any palace intrigue, proxy wars, or sanctions.
In contrast, Chile and Peru are in the early stage of fundamental political shifts driven by elections fought over income inequality, poverty and the environment – hardly on the political agenda in places like Saudi Arabia and the Gulf states.
A debate between Opec’s crown princes and emirs has sent oil to three-year highs, up 50% in 2021.
Let’s count the ways Chile can cause a copper market meltup:
It’s rewriting its Pinochet-era constitution, new copper windfall taxes and royalties already approved by the lower house, could, to put it mildly, dampen enthusiasm (your last euphemism – ed.) for new projects, so-called tax stability deals for half the country’s mines (including Escondida, the copper world’s Ghawar) expire in 2023 if they last that long, a powerful mining union is lobbying for state-owned Codelco to have dibs on projects, and if the current frontrunner becomes president in November elections he would be the first person from the Communist Party to do so.
Daniel Jadue also has other ideas to increase the state’s take and involvement – creating a Codelco for lithium (gentle reminder: Codelco was created by seizing mines from US companies in the 1970s) and like Indonesia renegotiate state shareholding in private companies like Freeport had to with Grasberg.
Another successful Indonesian strategy Chile and others would want to copy is to force miners to build smelters and refineries in-country by banning ore exports.
A bit like the current US administration’s clever strategy around critical minerals, focusing on processing facilities, except Chile also produces feedstock for said facilities.
Dear prudence
Now take all of the Chilean political and mining trends, turn them up a few notches, and apply to Peru and its new president Pedro Castillo.
At the start of his campaign, Castillo said he wanted to nationalize the mines but later softened his stance by calling for Chile-like royalties in the 70-percents.
This is a recent headline about Castillo’s latest plans for the industry:
Peru’s Castillo expects mining firms to accept “prudent” tax changes, adviser says
You can read that as having a conciliatory tone, or perhaps it sounds more like: “Nice little copper mine you have there. It would be a shame if something were to happen to it. We’ll make you an offer you can’t refuse.”
Ocec nocec
The copper-oil analogy only goes so far.
While regional co-operation to align mining rules for Chile, Peru, Argentina, Bolivia and others so as to “not compete for investments” (Jadue again) is being discussed, an Opec-like cartel in copper is never going to happen.
Most Opec disagreements are about how much to up production (the UAE wants to pump more oil now because the assumption is as the world moves away from fossil fuels it would be stuck with stranded oil and gas assets down the line).
Codelco is spending more than $40 billion just to keep output steady. Opec-members output hikes can also hit oil markets within months. For copper it takes years, often decades to bring new supply online.
Low and declining grades and with it ever costlier and bigger mines, uninspiring green discoveries, modest brownfield expansions, thin project pipelines, underinvestment in exploration, and glacially slow permitting processes, have become rules of thumb in the industry. And when tailings reprocessing is being discussed as a significant source of new supply, you know something in the industry has changed.
Depletion is oddly little discussed (must be in miners’ DNA – it’s always about the next discovery, not this old hole in the ground – ed). A recent study found that most porphyries (which supply 80% of the world’s copper) are fast nearing the end of their productive life due to the specific nature of how these deposits are formed.
So why is the price falling? idk
The copper price is down 10% since hitting all-time highs of $10,500 a tonne ($4.75/lbs) in May and forecasts are for further declines.
Two years out among more than 30 investment banks, economists and research houses polled consensus is for an average $8,131 a tonne ($3.68/lb).
Technically, that means copper is entering a bear market.
But it’s worth remembering that the metal also traded at these levels as far back as 2011.
Rapid demand growth and rising risks to supply since then does not seem baked into today’s price, much less in continuing declines.
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Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box www.bbc.com

At 10.30pm on a cold December night in 2019, a former titan of the global car industry lay bundled inside a box on board a plane, waiting to flee Japan.
"The plane was scheduled to take off at 11pm," recalls Carlos Ghosn.
"The 30 minutes waiting in the box on the plane, waiting for it to take off, was probably the longest wait I've ever experienced in my life."
Now, for the first time, the man who was once the boss of both Nissan and Renault has detailed his daring escape.
In an exclusive interview with the BBC, Mr Ghosn tells how he disguised himself to slip unnoticed through the streets of Tokyo, why a large music equipment box was chosen to smuggle him out of Japan and the elation he felt when he finally landed in his native Lebanon.
"The thrill was that finally, I'm going to be able to tell the story," he said.
Mr Ghosn was arrested in November 2018 over allegations by Nissan that he had understated his annual salary and misused company funds, which he denies.
At the time, Mr Ghosn was the chairman of the Japanese carmaker. He was also chairman of France's Renault and the boss of a three-way alliance between both carmakers and Mitsubishi.
His cost-cutting at Nissan - initially controversial - was ultimately seen to have saved the carmaker and he became a highly respected and recognisable figure. But he insists he was "collateral damage" in a fight back from Nissan against the increasing influence of Renault which still owns 43% of the Japanese company.
Documentary series Storyville details his extraordinary rise and sudden fall in Carlos Ghosn: The Last Flight which will be shown on BBC 4 on Wednesday 14 July.
'Shock, frozen trauma'
Describing the moment of his arrest at Toyko airport three years ago, Mr Ghosn said: "It's like you're being hit by a bus or something really very traumatic happened to you.
"The only memory I have of this moment is shock, frozen trauma," he said.
Mr Ghosn was taken to the Tokyo Detention Centre where he was given prison clothes and confined to a cell. "All of a sudden I had to learn to live without the watch, without the computer, without the telephone, without the news, without the pen - nothing," he said.
For more than a year, Mr Ghosn spent long periods in custody or was held under house arrest in Tokyo after being bailed. It was not clear when a trial would take place - the fear was it could take years - and Mr Ghosn faced a further 15 years in prison if convicted, in a country which has a 99.4% conviction rate.
Carlos Ghosn: The fall of the god of cars
It was during a period of house arrest, when Mr Ghosn was told he would not be allowed to have any contact with his wife, Carole, that he decided to find a way out.
"The plan was I could not show my face so I have to be hidden somewhere," he said. "And the only way I could be hidden [was] to be in a box or be in a luggage so nobody could see me, nobody could recognise me and the plan could work."
He said the idea of using a large box that would normally contain musical instruments "was the most logical one, particularly that around this time there were a lot of concerts in Japan".
But how would someone once so famous - now infamous - in Japan be able to get from his home in the capital to an airport and make his escape?
The plan was, said Mr Ghosn, to behave as normally as possible on the day. "It should be a normal day where I have a normal walk with normal clothes, normal attitude and all of a sudden, everything change."
Mr Ghosn would have to swap the suits he'd worn for years as a high profile executive in the global automotive sector for something a little more casual. Think jeans and trainers.
"You can imagine I had to go places where I never been, buy clothes I've never bought," he said. "All of this was part of how do you give yourself a maximum of chance of being successful and absolutely not drawing any attention to yourself."
'The moment'
From Tokyo, Mr Ghosn travelled by bullet train to Osaka where a private jet was waiting at the local airport to depart. But first, the box, which was waiting for Mr Ghosn at a nearby hotel.
"When you get in the box, you don't think about the past, you don't think about the future, you just think about the moment," he said.
"You're not afraid, you don't have any emotion except the huge concentration on 'this is your chance, you can't miss it. If you miss it, you're going to pay with your life, with the life of a hostage in Japan'."
Mr Ghosn was transported from the hotel to the airport by two men, father and son Michael and Peter Taylor who were posing as musicians.
In all, Mr Ghosn reckons he was in the box for around an hour and a half, though it felt like it lasted "one year and a half".
The private jet took off on time, and Mr Ghosn - now free from his confines - flew through the night, swapped planes in Turkey before landing in Beirut the next morning.
Lebanon does not have an extradition treaty with Japan so Mr Ghosn has been allowed to remain there.
However, Americans Michael Taylor and his son, Peter, have since been handed over by the US to Japan and now face three years in prison for helping Mr Ghosn to escape.
Also facing jail is Greg Kelly, Mr Ghosn's former colleague at Nissan, who remains under house arrest in Tokyo over allegations he helped his former boss disguise his earnings. Mr Kelly denies the charges.
What of the people who have been left behind in Japan?
Mr Ghosn said: "I've been told that the end of [Greg Kelly's] trial will be probably by the end of this year. And then God knows what's going to be the results of this trial for, as I said, a bogus reason."
He added: "I feel sorry for all the people who are victim of the hostage justice system in Japan, all of them."
This part-Lebanese, part-Brazilian citizen of the world is all of these things.
He lived more like a head of state than a head of industry. A company party at the Palace of Versailles, coincidentally - he says - on his 60th birthday, saw him hold court with waiting staff dressed in pre-revolutionary garb.
As simultaneous head of Renault and Nissan - he was a lightning rod of unease for some at both companies. Those at Nissan feared he would oversee a French coup of the traditional Japanese business he saved. And those at Renault disliked his shunning of the establishment and appearance in the pages of Paris society magazines.
Any global chief executive has to be sensitive to political nuance. The fact that Carlos Ghosn, after nearly 20 years at Nissan, was totally blindsided by his arrest in Tokyo suggests he had lost touch with the organisations he was trying to bring closer together.
His story has everything: hubris, corporate and global politics and an escape-caper worthy of a Hollywood film. He insists he is a man more sinned against than sinning and is working with lawyers to clear his name.
Until then, he remains a once-big-fish in a small pond, living in exile and under armed guard in Beirut for the foreseeable future.
This is not the ending he was expecting in this extraordinary drama.
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Foreign direct investment in China soars by nearly 34% this year www.rt.com

The Chinese economy attracted over 607 billion yuan ($91 billion) in foreign direct investment (FDI), in the first half of 2021, which is a 33.9% increase year on year, the country’s Ministry of Commerce said on Wednesday.
According to its report, the Chinese service sector drew in the largest amount of foreign capital – some 482.77 billion yuan ($74.61 billion) – soaring 33.4% year on year.
The high-tech industry also saw a significant increase in foreign investment – by 39.4%. High-tech services attracted 42.7% more investments than in 2020, while the high-tech manufacturing industry’s appeal rose by 29.2%.
The document states that the volume of FDI coming from China’s key partners in the Belt and Road Initiative increased by 49.6%, while the intake from the Association of Southeast Asian Nations was up by 50.7%.
The country’s cooperation with European countries yielded less, but still showed an increase of 10.3% year on year.
At the end of 2020, China attracted a total of $144.37 billion in foreign direct investments – 4.5% more than in 2019.
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COVID-19: 1,159 new cases, 4 deaths reported www.montsame.mn

1,159 new cases of COVID-19 were detected from tests processed nationwide in the past 24 hours.
141,689 COVID-19 cases have so far been recorded in the country. Of the new cases, 602 were confirmed in Ulaanbaatar city and 556 in rural areas. In the past 24 hours, 3,808 COVID-19 patients made recovery.
4 people died from COVID-19 in the past 24 hours, which brings the country’s COVID-19 death toll to 703.
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14th Mineclosure2021 17-19 Aug, Mongolia (update) www.mongolianbusinessdatabase.com

Global geoscience technology leader, CGG, and global environmental and advisory solutions provider SLR will be exhibiting at 14th Mineclosure 2021, 17-19 Mongolia virtually on Airmeet.
CGG is celebrating its 90th anniversary this year. Employing around 3700 people worldwide, CGG provides a comprehensive range of data, products and services that support its clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges.
SLR is also a global leader in environmental and advisory solutions that help clients achieve their sustainability goals.
Please get in touch if you would like to promote your company’s product or service. We have a variety of sponsorship and exhibition opportunities available and are actively seeking to form new partnerships.
Visit https://mineclosure2021.com/announcement/ for more information. Contact us via phone: (+976) 99066062, 99119657, Email: mineclosure2021@qmc.mn for general inquiries.
 
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The HU to promote sustainable management of Mongolian steppe grasslands www.montsame.mn

The Swiss Cooperation in Mongolia and the Mongolian National Federation of Pasture User Groups of Herders will cooperate with ‘the HU’ band to promote sustainable management of Mongolian steppe grasslands.
The Mongolian rock band ’the HU’ which has millions of fans around the world is to join hands with the Swiss Cooperation in Mongolia and National Federation of Pasture User Groups of herders to promote sustainable management of Mongolian steppe grasslands which makes 80% of total territory of the country within its corporate social responsibility. Through revitalization of best practices and knowledge of nomadic herders on sustainable management of rangelands and stocking density, and introduction of tools for responsible use and management, the project has rehabilitated and prevented from degradation 20 million hectors of degraded rangelands.
‘The HU’ expressed to support the “Responsible Nomads” standard for sustainable nomadic livestock production and its e traceability system. The system was developed with the support from Green Gold and Animal Health Project of the Swiss Cooperation in Mongolia and Ministry of Food Agriculture and Light Industry and managed by the National Federation of PUGs of Herders.
“Responsible Nomads” standard and traceability system aims to certify distinct quality properties of livestock products of nomadic herding and local livestock breeds, sustainable management of steppe grasslands and animal welfare. The e traceability system enables to monitor fulfilment of the performance indicators of the standard by aimag/provinces, soum/counties, baghs, Pasture User Groups and by an individual herder family.
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New coal plants are popping up all over Asia www.mining.com

Just five Asian countries are now producing the vast majority of the region’s coal, with little intention of reining in production as several companies invest in new coal plants.
According to a study released in June, China, India, Indonesia, Japan, and Vietnam are producing around 80 percent of all Asian coal, with plans to develop over 600 coal power units. Together, the projects are expected to produce around 300 gigawatts of energy.
The continued reliance is surprising considering the many alternative energy projects that could be more financially appealing, as the cost of building new coal plants is extremely high considering global aims to reduce reliance on coal power.
Carbon Tracker, the London-based think tank that published the report, claims that solar and wind power generate significantly cheaper energy, with costs around 85 percent lower than existing coal production. And by 2026, close to 100 percent of coal production will be more expensive than constructing and operating renewable projects.
Europe, for example, is already phasing out coal production at an increasing rate, as the U.K. plans to decommission the country’s coal plants a year earlier than expected, by 2024. In addition, many of the U.K.’s disused coal plants are now being converted for alternative energy use, including the creation of geothermal power plants.
Catharina Hillenbrand von der Neyen, head of company research and co-head of research at Carbon Tracker, stated of the findings, "The vast, vast majority of new coal projects that are currently being proposed is likely to be value destructive — a very bad deal for investors."
At present, China is the world’s largest investor in coal. And it plans to boost its coal energy production by 187 gigawatts, on top of its current 1,100-gigawatt output. In addition, in 2020 a Shanxi state merger established one of the world’s largest coal companies.
Despite aiming to become carbon-neutral by 2060, China’s reliance on coal hasn’t subsided as coal-powered industry accounted for 37 percent of its economic activity in 2020. In 2019, coal constituted around 57 percent of the country’s energy consumption.
So, while China is increasing its investment in renewables projects, with it expecting to add 90 GW wind and solar capacity to the grid in 2021, the importance of coal cannot be overlooked.
However, the report predicts that renewable energy will overtake coal production in India and Indonesia by 2024. And it will become less economically viable than renewables in Japan and Vietnam by 2022.
Meanwhile, other Asian countries are following in the footsteps of Europe and abandoning coal production. For example, Thailand’s largest coal producer, Banpu, has said it will not pursue any new coal projects in a shift towards greener energy.
Chaimongkol, CEO of Banpu explained, “Since 2010, we talk about transformation. And since 2015, when I succeeded my predecessor as CEO, we started to implement a greener, smarter [plan]. For the past five years, we spent $2 billion and 90% of [that went on] … a greener investment, such as gas, such as renewable energy, and energy technology.” Further, ″[There are] a lot of megatrends happening — digitalization, decarbonization, decentralization — and that sped up Banpu to produce a new, greener, smarter strategy.”
While coal continues to fuel some of the largest Asian states, with more plants planned over the coming years, will these countries continue to pursue an energy strategy that is at odds with international green energy plans, or will they give in to renewables development?
This article was originally published on Oilprice.com
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Mongolia records 1,246 daily new cases of coronavirus, 10 deaths www.akipress.com

Mongolia recorded 1,246 daily new cases of the coronavirus, the Ministry of Health reported July 13.
Total number of confirmed cases of coronavirus nationwide has risen to 140,530.
609 cases were confirmed in Ulaanbaatar, the remaining 636 cases were detected in the regions.
10 deaths from infection were registered in the country during the previous day bringing the death toll to 699.
The total number of people who recovered in Mongolia rose to 111,064 with 3,540 new recovered cases in 24 hours.
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Switzerland sends Covid medical assistance to Mongolia www.swissinfo.ch

Swiss Humanitarian Aid has sent 40 respirators and 45 oxygen concentrators to the Mongolian capital, Ulaanbaatar, with a total value of around CHF850,000 ($930,000).
“In view of the public health situation in Mongolia and in response to a request for assistance from the Mongolian authorities, Swiss Humanitarian AidExternal link has decided to support the country in its efforts to combat the Covid-19 pandemic,” the foreign ministry said in a statementExternal link on Monday.
A federal air transport service plane left Dübendorf military air base outside Zurich for Ulaanbaatar on Monday. In addition to the 40 respirators provided by the Swiss Armed Forces Pharmacy, the shipment also includes 45 oxygen concentrators.
The equipment will be received in Ulaanbaatar by the local authorities and then transported to various sites, in particular to hospitals specialising in care for women and children. The Swiss representation in Mongolia is in close contact with the authorities to ensure that humanitarian goods are distributed fairly based on need, in accordance with humanitarian principles, the foreign ministry said.
The shipment sent to Mongolia is the fourth delivery of humanitarian goods from Switzerland to Asia in the past few weeks. Swiss Humanitarian Aid, which is part of the foreign ministry, has already sent 13 tonnes of relief supplies to India (May 6), 30 tonnes to Nepal (May 21) and 16 tonnes to Sri Lanka (June 7).
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Mongolia approves Gurvantes CBM project PSA www.naturalgasworld.com

The Mongolian cabinet has approved the production sharing agreement (PSA) with Telmen Resource regarding the Gurvantes XXXV coalbed methane (CBM) project, Australia’s Talon Energy, a partner in the project, said on July 12.
The Mineral Resources and Petroleum Authority of Mongolia has been instructed by the ministry of mining and heavy industry to formally execute and issue the PSA, and this is expected to occur in the coming weeks, the company said.
Talon said that the receipt of cabinet approval had been delayed by the ongoing COVID-19 situation in Mongolia. As a result of these delays, and as consideration for Telmen agreeing to extend the exclusivity period relating to the farm-in, the Australian explorer will issue Telmen options to acquire its shares upon the formal issuance of the PSA.
Under the terms of the proposed farm-in agreement with Telmen, Talon will have an option to earn a 33% participating interest in Gurvantes project by paying 100% of the costs of an agreed budget for an initial exploration work programme of up to an amount of $1.5mn. Work on the initial work programme is expected to commence shortly, upon the formal issuance of the PSA, Talon said.
The PSA covers an area of 8,400 km2 and is situated around 20 km from the Chinese-Mongolian border and close to the northern China gas transmission and distribution network. Talon believes that Gurvantes is “ideally placed for future gas sales to satisfy both local Mongolian, as well as Chinese, energy requirements”.
“We are very pleased to be moving forward with our partner Telmen Resource JSC in Mongolia,” Talon’s managing director, David Casey said. “Planning for initial exploration work on Gurvantes XXXV is well underway, as is the preparation of an independently certified prospective resource, where we expect to see multi-tcf potential. Alongside the operator, Telmen, we look forward to undertaking our first exploration work with a view to booking Mongolia’s largest gas contingent resource.”
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