Prices will “absolutely” continue to increase as mine closures in Brazil spur a market deficit in the second half of the year, Wu Wenzhang, founder and president of Shanghai Steelhome Information Technology Co., said in an interview Saturday. Iron-ore prices surged to the highest since July 2014 at $95.90 a ton on Friday, according to Mysteel data.

“They don’t realize what’s going to happen,” Wu said on the sidelines of Steelhome’s conference, which attracts about one thousand delegates from around China. Disruptions will amount to 60 million tons of lost supply this year, according to his “conservative” estimate. “The only thing we can do is try to convince the steelmakers to believe what could happen with iron-ore supply, and to prepare for the upcoming shortage.”

The global iron-ore market is reeling from a late-January dam breakdown at a Vale SA operation that left more than 200 people dead and triggered a sweep of mine closures across Brazil. Shipments from the South American nation are already in contraction, while Australian disruptions and signs of a demand pick-up in China’s steel needs offer a further boost to prices.

Wu said he’d be watching iron-ore stockpiles in China for signs of stress, with a slide below 100 million tons likely to trigger “devastating” price volatility. Port stockpiles totaled nearly 150 million tons on April 5, according to Steelhome’s own data. The safe minimum is about 120 million tons, Wu said.

The International Association for Mongol Studies and Eötvös Loránd University will jointly organize this international conference in cooperation with the Fund for Supporting Mongolian Studies, Gandantegchenling Monastery, the Center of Mongolian Buddhists and the Embassy of Mongolia in Hungary.

This forum is for scholars and monks to present their works on different aspects of Mongolian Buddhism within the theme of ‛Tradition and Innovation’ noting that monasteries, monks, and devotees have always faced and continue to face challenges due to changing historical, social, economic, political, cultural and other social forces.

Presentations will cover various aspects of Mongolian Buddhism including history, monasticism, education, ritual and other practice, textology, philology, folk religion, connection with nature, social environment and other religions, and any other approaches related to the historical and contemporary situation of Mongolian Buddhism.

The conference will focus on Buddhism of Mongols living in the present area of Mongolia, as well as the beliefs and practices of Mongols living in China, Russia or other places in the diaspora. The distinctiveness of Mongolian Buddhist tradition and the innovations that have taken place within it, will be revealed through the presentations and round-table discussions.

Source: Department of Mongolian and Inner Asian Studies, Eötvös Loránd University

The Policy Council will be headed by Senior Vice-President of the Mongolian Academy of Sciences, Ph.D. Chuluunbaatar Gelegpil and Secretary of Information, Monitoring, and Evaluation Department of the Secretariat of the Parliament Mr.Erdenebileg

Also, MPs have decided to establish a provisional committee to review the issue on resolving the murder case of Zorig Sanjaasuren and to introduce a proposal and conclusion to the session. The draft resolution was approved by the Standing Committee on Legislation.

Thus, the first discussions of the draft law on Food and Services of the Secondary School, which was originally set up at the beginning of the agenda, and the “Parliamentary resolution on some measures to implement the law" were held.

The Standing Committee submitted a bill to provide meals and services to the students by assistant staff, cooks, assistant cooks using the qualified equipment at a standardized facility. The majority of the members of the Standing Committee have supported the proposal to reflect on the draft law. It is estimated that MNT 300 billion will be required to solve the problem of kitchen building, maintenance, supplying equipment, preparing staff and other issues. The plan will be implemented in phases over five years.

The center aims to improve people's knowledge of drug risks, reduce drug-related crimes, and prevent drug addiction in youth by organizing related trainings and providing people with information they need, Mongolian state television quoted the NPA as saying.

The number of drug-related crimes has been increasing significantly in Mongolia in recent years, the NPA said, noting that the Mongolian police have arrested 130 people linked to 67 drug-related crimes so far this year. More than 80 percent of the offenders are young people aged 18-35.

A total of 199 drug-related criminal cases were registered across Mongolia in 2018, up more than 30 percent from the previous year.

A lack of knowledge about drugs, curiosity, an attempt to make easy money and weak law enforcement are the main factors in the growth of drug-related crimes, the NPA said.

According to Mongolian law, a person who is found guilty of trafficking drugs faces at least two years in prison.

TVET UK (Technical Vocational Education and Training UK) is the UK’s only organisation dedicated to exporting the capabilities of the technical and vocational education sector. Its members are the UK’s leading education providers and suppliers with a wealth of experience in delivering a diverse range of international commercial projects.

(Please visit the global online platform at www.tvetuk.com and contact at contact@mongolianbusinessdatabase.com or/and 99066062 for more inquiries)

MBD (Mongolian Business Database NGO) is the project managed by B2B Mongolia which aims to be a "Bridge of the business with Mongolia". Its global B2B portal www.mongolianbusinessdatabase.comis number 1 ranking website on Google's "Mongolia business or/and Business Mongolia" search according to the business visitors access from appx 90 countries as of today (Google analytics report).

The delegations of two countries discussed current cooperation and its prospects int rade, investment, economic, cultural, humanitarian and other spheres.

The Mongolian side suggested to consider possibility of launch of direct flights between Ulaanbaatar and Tashkent.

The sides expressed interest in organization of business forums, establishment of the business council.

Multilateral cooperation in the framework of the United Nations and the Shanghai Cooperation Organization was considered among other issues.

The analyst’s latest report, released Thursday, revealed that Australia continues to reign at the top, while Myanmar and the Philippines, in an emerging Asian market, remain the regional laggards.

Factors enabling Australia's outperformance include positive business environment, robust mineral deposits and solid infrastructure. Contrary to the high scores for rewards, the Asia region ranks second lowest for industry risks

Mongolia emerged as an investment hot spot for untapped reserves, and the availability of rich reserves will continue to attract investors.

Contrary to the high scores for rewards, the Asia region ranks second lowest for industry risks, just above Sub Saharan Africa, Fitch reports.

This partly is due to Asia having the second greatest vulnerability to commodity price volatility globally, after the Middle East and North Africa (MENA), which measures the relative vulnerability to price volatility by country according to the three largest mining commodities produced locally.

Globally, Asia has the second highest score, after Europe, on the Mining Risk/Reward Index, with a score of 55.1, maintaining its position from last quarter. Asia stands out with the highest average industry rewards due to having the largest mining sector size globally.

Emerging markets including Myanmar and the Philippines will continue to underperform, Fitch predicts. The two countries are characterised by weak mining reserves, poor regulatory framework, corruption and increasing resource nationalism.

Please review the full report at the source.

This 35MW TPP equipped with automatic control system and advanced technologies including smoke-filtration will provide the aimag center with heating.

The new TPP is expected to improve heating supply in the aimag’s center and considerably reduce air pollution alongside up to 40-percent reduction in expenses on coal consumption and electricity.