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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Kincora Copper says geophysical surveys in Mongolia support multiple drill targets www.proactiveinvestors.co.uk

Mongolia-focused miner Kincora Copper Ltd (CVE:KCC, OTCMKTS:BZDLF) said Wednesday that geophysical surveys at the East Tsagaan Suvarga and Bronze Fox projects in Mongolia were completed on time and under budget.

The results supported multiple drill targets, Vancouver-based Kincora said in a press release, adding that a preferred drill contractor has been selected. Final modeling is expected in upcoming weeks.

The surveys were carried out by SJ Geophysics Ltd, based in Delta, British Columbia.

"Significant progress has been made at Bronze Fox,” Peter Leaman, senior vice president of exploration, said in a statement. "Preliminary results of the SJ geophysical survey at East Tsagaan Suvarga have provided significant encouragement.”

In the past 12 months, Kincora has reviewed more than 300 projects, according to the company.

Shares of Kincora slipped C$0.02 to C$0.14 in Canadian trading on Wednesday.

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Meetings with Chiefs of INTERPOL National Central Bureaus for Russia and China www.montsame.mn

Ulaanbaatar /MONTSAME/ The 87th International Criminal Police Organisation (Interpol) General Assembly ran for the third day yesterday, November 21, discussing about enrollment of new member countries.

On the sidelines of the assembly, Mongolian delegation led by Commissioner-General of the National Police Agency S,Baatarjav held meetings with Interpol’s Vice Chair for Europe and Chief of Russian Interior Ministry’s National Central Bureau of Interpol Alexander Prokopchuk and Head of the INTERPOL National Central Bureau for China and Vice Minister of the International Police Cooperation Department of China's Ministry of Public Security Duan Dachi.

During the meeting, they exchanged opinions on widening cooperation between the National Central Bureaus, promptly exchanging information on crime, educating and specializing officers in human trafficking and drug related crimes as well as receiving technical support within the cooperation between the national police agencies of the two countries and a project by INTERPOL.

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Experts warn of potential obstruction in next year’s coal export plan www.zgm.mn

According to Bayan Zam Transporters Association, over 7000 trucks are stuck in line at the main coal export route Gashuunsukhait-Gantsmod border checkpoint. Therefore, a working group from the Ministry of Road and Transport Development and National Center for Auto Transit has been deployed at Gashuunsukhait in Umnugobi aimag to resolve the issue. The working group has reportedly sent unloaded vehicles to Oyu Tolgoi route. Specifically, they are sending the trucks heading to Tsagaan Khad customs inspection zone in two lanes by temporarily halting movement of the opposite direction. Officials highlighted that this will prevent long queues and potential accidents in the long queue of trucks driving in wrong-lane. Although 77 trucks entered the border on Monday, which doubles the amount of previous day, the association highlighted that the entry capacity needs to be increased to 1000 trucks per day, which was the average capacity in October; however, the number drastically dropped to 400 in November and on November 16, only 30 trucks were able to enter the border. Economist Naranbaatar Lundeg remarked, “Chinese side decided to cease all types of coal import. China explained that this year’s import plan has been fulfilled around 40 days prior to the end of year as this year’s amount was set lower than 2017. So this unpredictable situation might continue until February of next year. Sarah Liu, Vice President of Fenwei Energy Information Services, mentioned about this situation during an international conference of coal in Beijing. Also researchers from different countries warned about this near the end of the year at Coal Mongolia 2018 conference, yet our Government ignored it.

Working group temporarily suspends coal loading at Tavantolgoi residual deposits
Now the problem is upon us. Coal mines will have to cut mining and transportation now. If we load 12 thousand trucks, the truck drivers might have to stay on road until the next Lunar New Year. In the first 10 months of this year, coal export accounted for 41 percent of total export. A total of 31.3 million tons of coal exported worth USD 2.4 billion were exported during this period, of which Erdenes Tavan Tolgoi JSC made up one third of this amount. The Government plans to export 42 million tons of coal next year; however, experts are warning that the amount may be unachievable due to China’s limit on coal imports. Additionally, the working group reported that they have temporarily suspended coal loading at Tavantolgoi residual deposits.

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Mongolian parliament to discuss letter for dissolving cabinet www.news.mn

On Monday, Mongolian MP D.Khayankhyarvaa presented a letter for dissolving the cabinet to Speaker of Parliament M.Enkhbold. According to law, the letter must be discussed by the Parliamentary Standing Committee on State Structure within in week and by State Great Khural (Mongolian parliament) within 14 days. Subsequently, the committee will discuss the issue on Friday 23 November at 3.00 p.m.

A total of 27 MPs have signed the letter; seven of them are members of Parliamentary Standing Committee on State Structure itself.

The Mongolian People’s Party (MPP) won a landslide victory in the 2016 general election, taking 65 out of 76 seats in the national parliament and formed the cabinet headed by former Prime Minister J.Erdenebat. However, J.Erdenebat was was accused with an abuse of power and dismissed from his post and his cabinet was dissolved following a vote of no confidence in the State Great Khural (parliament) in September, 2017. Since then, the MPP has been plagued by numerous problems, such as the current SME Fund scandal, where large numbers of MP’s and government officials allegedly benefited to the tune of several million dollars.

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Mongolia spends MNT 12 billion on innovation www.news.mn

A “Science, Technology and Innovation-2018” exhibition opened at the Mongolian National Art Gallery. A total of 120 enterprises displayed nearly 1500 innovation products such as books, medicine, bio active products, agriculture and food technologies at the exhibition.

The aim of the event is to promote and disseminate scientific achievements and find application for new innovations. It is hoped that thanks to “Innovation-2018”, they will go into production and find economic application.

The Science and Technology Foundation of Mongolia has planned to implement 454 projects in 2018; in total, 80 percent or 431 projects have been successfully implemented. The foundation has spent 9.6 billion for financing the projects. The foundation provides finance for eight different kinds of projects every year.

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‘Asian Door 2018’ fair kicks off www.montsame.mn

Ulaanbaatar /MONTSAME/ ‘Asian Door 2018’ international fair opened on November 20 in Ulaanbaatar. Over 30 companies of Irkutsk Oblast are participating in the ‘Asian Door 2018’ fair, annual event of Russian agricultural and industrial products.

The Asian Door fair aimed at connecting, intermediating producers of Mongolia and Russia and expanding their business opportunities is being held for the 29th year. President of the Mongolian National Chamber of Commerce and Industry (MNCCI) B.Lkhagvajav said that as a result of the fair the cooperation in mining and agriculture, supply of goods and technology have increased as well as it has brought many other significant changes. “A number of Russian entities operate in Mongolia. The expansion is needed,” he noted.

Over the past two years, domestic agricultural companies have cooperated with 7-8 Russian factories, making an overall technical renovation worth USD 17 million. CEO of the host company ‘Business Contact’ A.A.Sidorov expressed his gratitude to the Trade Mission of the Russian Embassy, MNCCI and the administration of Irkutsk city for supporting the event.

Governor of Tulunsky District of Irkutsk Oblast M.I.Gildebrant expressed his willingness to cooperate in mining and agricultural sector and to supply 100,000 tonnes of wheat. The ‘Asian door 2018’ fair will run till November 23.

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Beyond bitcoin: the other cryptocurrencies you should know too www.cnn.com

San Francisco (CNN)Bitcoin may be the most popular form of digital currency but it's far from the only one.

In fact, about 1,500 other cryptocurrencies have emerged since the creation of bitcoin in 2009. And they fall into buckets like stable coins and tokens.
Coupled with the lack of clear regulations or oversight and how new the space is, it's enough to leave any crypto newcomer completely confused.
Crypto is valued by investors because it's not regulated by any central figure. It's also exchanged pseudonymously, which allows for greater privacy.
While it was originally used for illicit transactions, it's gained wider adoption. Even companies like Overstock and Starbucks have started experimenting with how to let customers use it to shop.
Investing in crypto is still risky and volatile -- let's recall bitcoin's infamous rise in value to $20,000 late last year and its current price of under $5,000.

Because of this, knowing the core differences is worth your time.
Coins vs. Tokens
First, you'll want to know the difference between coins and tokens. Coins are essentially virtual cash used for many types of transactions. They're bought and sold over numerous different crypto exchanges, including Coinbase, bitbuy.ca and Binance. The first recorded bitcoin transaction was for two pizzas.
Tokens represent assets or anything that has value ascribed to it. For example, tokens can be used to represent things like the ownership of a piece of art or the number of rewards points a customer has in a company's loyalty program. They both have value and rely on blockchain technology, a digital ledger of transactions that can't be erased. But a coin is virtual money and a token is not.
Bitcoin and Alt Coins
Bitcoin was the original form of cryptocurrency -- and it's the coin others are compared to.
"Bitcoin is the mother crypto," said Marshall Hayner, founder of Metal Pay, an app that's much like Venmo for crypto.
Not surprisingly, its emergence sparked the rise of copycats, including alternative coins like litecoin, XRP and ether.
Ether is used to power its own unique blockchain called Ethereum -- one of the biggest creators of smart contracts. These contracts use cryptographic code to verify and trigger transactions when certain conditions are met. For example, a smart contract could be set to pay out a certain amount of crypto at 1:00 p.m. on a specific day.
Another bitcoin alternative is XRP, which was built to make it easier for banks and payment processors to make cross-border payments. It's one of the most popular cryptocurrencies.
There are also obscure alternatives, like dogecoin, which was created as a joke based on a viral meme of a Shiba Inu. The dog's face is displayed on the front of the virtual coin. The currency is commonly used on social media to tip users who post interesting things.
Dogecoin has helped many people learn about and dabble in trading cryptocurrencies because its community tends to not take itself too seriously and is very friendly to new investors.
Stable Coins
Stable coins are pegged to actual currencies like the US dollar, the euro or the British pound. That means that one dollar or pound gets you one crypto coin. These coins are designed to mimic actual currencies and tend to be less volatile than other cryptocurrencies.
Tether was one of the first stable coins.
"The idea behind tether is you give a dollar and you get one tether," Hayner said.
But there's still risk, according to Ryan Taylor, CEO of the cryptocurrency Dash. Their value can erode over time similar to fiat currencies like the US dollar.
Other recent stable coins are more transparent. For example, TrueUSD complies with some standard financial regulations and uses escrow accounts.
Utility Tokens
Utility tokens represent a certain service or good on a specific platform -- kind of like a gift card to a specific store. They aren't really investments but they have value.
Hayner likens them to casino chips: When you go to a casino, you exchange your dollars for chips and then can use those chips to play games. The chips serve a function because they allow you to do something and hold value but you have to exchange them to get actual cash.
Taylor said he was skeptical of most utility tokens because they aren't the best way to interact with users. They require additional steps that make them more complicated to use and that could turn some people off.
However, he noted that they do make it possible to transact in extremely small quantities.
Security Tokens
Security tokens are still relatively new. Their value is derived from real-world assets, which could include commodities like gold or oil, shares of a company or interest in a fund. These tokens are meant to be investments and because they're considered securities and subject to federal security regulations.
Some fans of security tokens argue they would ensure greater accountability for companies because shares would be public and couldn't be over-issued.
Both Hayner and Taylor say these tokens are still a ways off from showing up in people's portfolios because of uncertainty around how they'd be regulated.
And according to Stephen Innes, head of trading in Asia Pacific for online trading platform Oanda, security tokens still don't provide enough of a "consistent metric off which to base an underlying investment strategy."
Security tokens, which would be regulated, also go against the very core of what crypto was meant to be -- a deregulated currency. But regulations would be a draw for investors.
Non-Fungible Tokens
Non-fungible tokens have a unique value or use. They can store value but no two tokens are the same.
For example, in the video game CryptoKitties, users can use ether to buy digital cats. The digital kitties can be traded and bred, but each has its own unique non-fungible token that can't be replicated -- kind of like a digital fingerprint.
Future of money?
Digital currency is becoming more mainstream as companies like Starbucks and Goldman Sachs experiment with how to engage with it.
It's unclear whether crypto will be the future of money, but it's volatility isn't helping its case for wider adoption. As values continue to drop and rebound, investors continue to show caution.
"There's a lack of adoption on Wall Street," Innes said. "The big banks that most people are doing business with are reticent to get involved, which I think is telling."

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Attracting investment from France to agricultural sector www.montsame.mn

Ulaanbaatar/MONTSAME/ Foreign Affairs Minister D.Tsogtbaatar met Ambassador of the French Republic to Mongolia Philippe Merlin on November 20.

Recalling his successful visit to France last October, Minister D.Tsogtbaatar expressed an interest to collaborate with newly-appointed Ambassador of France in realizing talks agreed to make roadmap of elevating bilateral relations and cooperation into a comprehensive partnership level and implementing projects and programs to attract French investment and technology into agricultural sector.

In turn, Ambassador Philippe Merlin expressed his commitment to work for expanding and elevating bilateral cooperation into a new level and backing projects being implemented with the support of France. The Ambassador also informed about progress of French-invested mining and renewable energy projects.

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Mongolia and Russia to expand cooperation in transport sector www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Road and Transport Development Ya.Sodbaatar is attending ‘Transport week 2018’ international forum and exhibition taking place in Moscow, Russia at the invitation of his Russian counterpart Ye.I.Dietrich.

On November 19, the Transport Ministers had an official meeting where they exchanged views on wide range of issues on bilateral cooperation in transport sector.

The sides agreed to pay special attention on implementation of development projects and activities which were reflected in the Agreement on Reform of the Ulaanbaatar Railway Joint Venture and Development Strategic Partnership established between the Mongolian Ministry of Road and Transport Development and Russian Railways JSC.

They also highlighted that there is room for development of bilateral cooperation in transport field within multilateral cooperation. In particular, the parties pointed out that validation of Mongolia-Russia-China intergovernmental agreement on International Road Transport along Asian Highway Network last September is giving impetus to mutually beneficial cooperation among the three countries in road and transport sector, creating new opportunities.

Today, Minister Ya.Sodbaatar will attend enlarged session of the forum while visiting the exhibition that promotes activities of Russian companies in transport sector and meeting with O.V.Belozyorov, CEO and Chairman of the Executive Board of Russian Railways JSC.

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Newly-opened China-Mongolia Friendship Cultural Center to boost ties www.china.org.cn

The China-Mongolia Friendship Cultural Center opened at the Mongol Tuurgatan Theater in central Mongolia's Tuv province on Tuesday, aiming to promote bilateral cooperation and cultural exchanges.

The opening ceremony was attended by Tuv Province Mayor Jigjid Batjargal and Minister Counsellor of the Chinese Embassy in Mongolia Yang Qingdong.

"Mongolia and China are longstanding close and friendly neighbors. Our Tuv province has been cooperating with China's several provinces for decades, including Jilin province," Batjargal said at the ceremony.

He hoped that the center will contribute to bilateral ties and cooperation in the cultural sector.

For his part, Yang said, "I am very happy to attend the event. Since the state visit by Chinese President Xi Jinping to Mongolia in 2014, relations and cooperation between China and Mongolia have been developing rapidly in various areas."

The minister counsel1or expressed his readiness to strengthen ties with Mongolia, especially Tuv province.

Head of the theater Dorjsuren Munkbat also voiced his gratitude to the Chinese Embassy in Mongolia for donating sound equipment worth 20,000 U.S. dollars to the cultural center commissioned in mid-October.

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