The memorandum was signed by CEO of “Erdenes Mongol” LLC P.Gankhuu and Representative of “ICMD International Corporation of Metal Alloy Development Holding of Germany” in Mongolia N.Tsend-Ayush. Establishment of the memorandum enables the parties to carry out an environmentally friendly and brand new innovation project in mining sector of Mongolia.

A large amount of low-heat-value coal that does not satisfy requirement of power stations and individual customers is generated during operation of coal mines. In particular, around 300 thousand tons of coal, which is impossible to be used in power stations come from Shivee-Ovoo coal mine annually. Nevertheless, it is possible to produce metal alloy, which is a combination of iron, aluminum and silicon, using the coal. Therefore, a metal alloy production plant and a power station will be built within the project and the sides established the memorandum in aims of developing feasibility studies and solving issues of required investment.

Shivee-Ovoo coal mine will fully supply waste coal or raw material of the plant. “Erdenes Mongol” LLC will develop feasibility study of the power station to be constructed within the project while Kazakhstan and German sides will formulate feasibility study of the metal alloy production plant.

In addition, as the main raw material used in steel processing plant, metal alloy is in huge demand in metallurgical industry of the countries such as Russia, China, Japan and India.

Gold financing is being classified into two parts: long-term and short-term. Funding for circulating capital with terms of up to six months will equal up to 30 percent of the total amount of gold, which was reflected in this year's approved mining plan of the company. While long-term financing has terms of up to 24 months and will equal up to 30 percent of total amount of the approved reserve.

When the Ministry of Mining and Heavy Industry makes a list of potential entities that meet criteria, the BoM will conclude a contract with banks within this week and start providing the financing, the BoM informs.

Official foreign exchange reserves has gone down by 11.6 percent since the arrival of 2020, reaching USD 3.8 billion at the end of April. Out of gold mining companies listed on foreign stock exchanges, “Steppe Gold” company has launched exploitation at “Altan tsagaan ovoo” deposit. The company plans to exploit 60 thousand ounce of gold this year. And it has sold 5233 ounce of gold and 1372 ounce of silver to the Central Bank.

Furthermore, “Xanadu Mines” Company, an owner of “Kharmagtai” project, has begun its exploration of “Ulaan tolgoi” project. The sides agreed to a financing of up to USD 7.2 million from a Japanese Government Agency in the project. While, the company has drawn funding of AUD 1.12 million from foreign countries for the exploration of “Kharmagtai” project.

The Metropolitan Professional Inspection Department has ordered Nomin Holdings, the Store owners, to destroy foods, cosmetics, medicines and other products damaged by the fire and smoke in order to prevent possible health risks for costumers.

Last year, 83.4 tonnes of foods were destroyed after E-mart caught fire.

In a new report, Roskill says the mine is located near the city of Bayannur. The project’s capacity is said to be 100ktpy for graphite, lithium-ion battery anode material, and graphene products.

“While little details of the project are yet known outside of China, a nearby mine in the region is claimed to have a graphite reserve of around 17.8Mt. Construction had begun as of the end of May with a total investment of ¥4.5Bn ($630 million),” the report reads.

According to the analyst, even though China has been the largest producer, exporter and consumer of flake graphite for decades, it has begun importing increasingly large amounts, mainly from Africa. Total Chinese imports of flake graphite rose from 20kt in 2017 to 63kt in 2018 and 197t in 2019.

The problem is that most of the new material was sourced from Syrah Resource’s Balama project in Mozambique, which started scaling back production in late 2019.

“Chinese imports from Mozambique fell from 15kt in September 2019 to just 0.7kt in both January and February 2020,” Roskill reports.

“This new mine will go some way to fill the gap left by Syrah Resource’s original design plan; however, even more capacity is likely to be needed by 2030 and the longer term. A recent report by the World Bank Group, for example, predicts that almost a 500% rise in graphite supply would be needed by 2050 in the shift to a ‘low-carbon future.’”

Without counting the new mine, Inner Mongolia contributes an estimated 8-9% to China’s annual flake graphite production, mainly from the Xinghe area and mostly large flakes.

However, Roskill’s analysis highlights the fact that large-flake graphite is considered unsuitable for use in lithium-ion battery anodes because of its expense, with manufacturers preferring small and medium flake sizes.

The type of graphite that the new, unnamed mine will produce is commonly used in expanded graphite applications, with small amounts used in commercial graphene.

The eligible voters are able to verify the accuracy of their personal data written on the voters’ list via burtgel.gov.mn website within June 10, Montsame reports.

A total of 2070 polling stations have been set up throughout the country, belonging to 29 constituencies nationwide, with 20 constituencies in 21 aimags and 9 constituencies in Ulaanbaatar, and the list of voters to cast their votes in each of those stations have been delivered to them.

Due to the parliamentary election, internal migration of citizens from one to another administrative unit has been suspended since February 1, 2020, prohibiting the registrations of the citizens’ movements.

2.1 million of Mongolia’s voting age population is made up of 324,000 people aged between 18 and 24, around million people aged 25-45 and 740 thousand people aged over 45.

As China’s economy begins recovering from the coronavirus pandemic, Mongolia’s copper prices have surged to USD 5400 per tonne – an increase of 17 percent over the last two months. In addition, the prices of iron ore rose sharply to USD 91 following the end of the suspension of deliveries.

Mongolia suffered from a fall in copper prices due to pandemic. As of 23 March, copper price had fallen to USD 4609. However, as China’s production and demands resumed, Mongolian copper prices have taken off.

As a rule, whenever there is a global financial crisis, gold prices surge, subsequently, Mongolia’s gold prices increased by 6.9 percent in the first quarter of 2020. Currently, gold prices stand at USD 1700-1750.

Mongolia lies among the top 30 resource-rich developing nations, according to a report by the International Monetary Fund (IMF). Copper, gold, and other resource mining have also had a positive impact on the Mongolian economy as the nation has seen substantial labour shifts where citizens have moved from the agricultural sector to the mining, manufacturing, and construction sectors.

Moreover, in accordance with the upper track structure construction plan schedule, the construction of 43.5-km railway starting from Zuunbayan railway station in Dornogobi aimag has been finished.

More than 5,000 workers are on-duty at the construction site and 2,500 equipment and machinery are being utilized for the project.

Once completed, the Tavantolgoi-Zuunbayan railway will enable putting 37 mineral deposits in the regions along the railway into economic circulation, such as Tsagaan Suvarga copper mine, Kharmagtai copper-gold mine and Manlai coal mine.

The Ministry of Road and Transport Development previously reported that the total reserves of mineral deposits in the region mentioned amounts to 6.02 billion tons.

The Secret Service provided documents in March revealing that the agency’s cost for Trump’s trip to bag a rare argali sheep was more than $17,000. But after additional Freedom of Information Act requests, officials turned over other documents that disclosed an additional $60,000 in spending.

Trump Jr.’s eight-day trip was highly controversial, not only for the killing of the sheep, but because of his secretive meeting with Mongolian President Khaltmaagiin Battulga. Trump appeared to have hunted with a major Republican donor, ProPublica reported.

The trip was arranged through a tourism company owned by a politically connected member of the Mongolian president’s party, according to the watchdog group. The company helped Trump obtain a special permit to hunt the argali after he killed the animal.

The hunt came just weeks after high-level government discussions in the U.S. between American and Mongolian officials, and a meeting between President Donald Trump and Battulga at the White House.

The Trump family is taking 12 times as many Secret-Service protected trips as the Obama family did ― an average of about 1,000 more trips per year ― according to Treasury Department documents. The president and senior White House advisers Ivanka Trump and husband Jared Kushner all remain invested in their private companies but travel at taxpayer expense.

The trips raise concerns about conflicts of interest as taxpayer-funded travels intermingle Trump business promotion, White House power and foreign political leaders seeking American favors and special treatment.

“Because of the overlap between the Trump Organization, the Trump White House and the Trump campaign, taxpayer money all too often ends up facilitating President Trump’s conflicts of interest,” CREW said in a statement earlier this year.

Donald Trump Jr. could not immediately be reached for comment by HuffPost. A spokesperson told ProPublica for a story late last year that no government officials from either country organized the hunting trip, and the necessary permits were appropriately obtained via a third-party outfitter.

By Mary Papenfuss