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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Google sacks dozens over sexual harassment www.bbc.com

Google has sacked 48 people including 13 senior managers over sexual harassment claims since 2016.

In a letter to employees, chief executive Sundar Pichai said the tech giant was taking a "hard line" on inappropriate conduct.

The letter was in response to a New York Times report that Android creator Andy Rubin received a $90m exit package despite facing misconduct allegations.

A spokesman for Mr Rubin denied the allegations, the newspaper said.

Sam Singer said Mr Rubin decided to leave Google in 2014 to launch a venture capital firm and technology incubator called Playground.

He was given what the paper described as a "hero's farewell" when he departed.

Mr Pichai's letter said the New York Times story was "difficult to read" and that Google was "dead serious" about providing a "safe and inclusive workplace".

"We want to assure you that we review every single complaint about sexual harassment or inappropriate conduct, we investigate and we take action," he continued.

None of the employees dismissed in the past two years had received an exit package, Mr Pichai added.

According to the New York Times report, two unnamed Google executives said then-chief executive Larry Page asked Mr Rubin to resign after the company confirmed a complaint by a female employee about a sexual encounter in a hotel room in 2013.

A Google investigation found the woman's complaint to be credible, the paper reported, but the company has not confirmed this.

Mr Rubin has said he did not engage in misconduct and left Google of his own accord.

The claims will add to the growing chorus denouncing sexist culture in male-dominated Silicon Valley.

Carolina Milanesi, an analyst at Creative Strategies in San Francisco, tweeted: "In a normal world this would mean Rubin is done, but tech has not just been forgiving, some tech sees little wrong with this.

"I'd like to think Google will clean up its act if anything to avoid having a retention problem with their female employees."

Shares in Alphabet, which owns Google, fell more than 3% in New York after it reported revenues of $33.7bn (£26.3bn) for the three months to September - slightly less than analysts had expected.

However, net profit soared $2.5bn to $9.2bn - far higher than expected.

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Mongolia bans Halloween celebrations in all schools www.xinhuanet.com

ULAN BATOR, Oct. 25 (Xinhua) -- The Mongolian government announced Thursday that all general education schools in the country are no longer allowed to celebrate Halloween.

In recent years, Halloween has been widely celebrated in Mongolia, particularly in general education schools, partly due to the influence of English language learning.

Mongolian parents have been complaining about the celebration, saying it was a Western tradition and contradicts with Mongolia's culture, according to the Ministry of Education, Culture, Science and Sports.

Halloween is a celebration observed in many countries on Oct. 31, the eve of the Western Christian feast of All Hallows' Day, dedicated to remembering the dead, including saints, martyrs and all the faithful departed.

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Interview: China contributes significantly to Mongolia's infrastructure development: minister www.xinhuanet.com

ULAN BATOR, Oct. 25 (Xinhua) -- China has contributed significantly to Mongolia's infrastructure development and improved people's living conditions by supporting the country's major construction projects, Mongolian Minister of Construction and Urban Development Khavdislam Badyelkhan has said.

Several major projects in Mongolia are being implemented with Chinese soft loans and non-refundable assistance, and they are of great importance to Mongolians, especially residents of the capital Ulan Bator, Badyelkhan told Xinhua in a recent interview.

Bilateral cooperation in the construction and infrastructure sector has been expanded in recent years, Badyelkhan said.

"Projects to renovate Ulan Bator's shantytowns or ger districts and build a waste water processing plant in the city are the most important ones among the China-funded others. These projects are essential to improving Ulan Bator's environment and living conditions of the Mongolian people," Badyelkhan said.

The Mongolian capital is one of the cities in the world which has been affected by "urban ills" such as pollution, overpopulation and traffic congestion due to migration from the countryside to the cities.

Noting that air pollution is the most pressing issue in Ulan Bator where over 800,000 residents, half of the city's population, live in the ger districts, with no running water and central heating or sewerage system, Badyelkhan said two projects to renovate the ger districts with non-refundable aid from the Chinese government are being implemented.

In addition, the Mongolian government is implementing a project with non-refundable aid from the Chinese government to connect about 20,000-30,000 households in 100 locations of Ulan Bator's ger districts to engineering lines by 2020, the minister said.

A waste water processing plant will be built in Ulan Bator with soft loans from the Chinese government, said Badyelkhan.

The minister said the plant will have the capacity to purify 250,000 cubic meters of waste water a day.

"The existing waste water processing plant in Ulan Bator does not have a system of processing silt and waste silt. Heavy metals are dried up outside causing air pollution," he said, stressing that the new project is expected to be completed in 2020 and will help improve the city's environment.

In 2019, Mongolia and China will celebrate the 70th anniversary of the establishment of diplomatic relations.

Badyelkhan said he hoped that the two countries will accelerate joint projects and strengthen ties and cooperation in all sectors on the occasion of this anniversary.

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Chita, Russia's Siberian crossroads, on the doorstep of China & Mongolia www.euronews.com

Chita is one of the largest cities in Eastern Siberia. The famous Trans-Siberian railway passes through here, connecting two continents - Europe and Asia. Due to its geographical position, Chita has always been at the crossroads of cultures.

We came here with bloggers from different parts of the world, participants in the international cross-cultural program Follow Up Siberia, organised by Norilsk Nickel, in order to acquaint active young people with the real Siberia ahead of the upcoming Winter Universiade.

The Transbaikal region has a common border with two countries at once - China and Mongolia. This fact largely determines the cultural diversity of the region.

In Chita you can find the oldest wooden church in the Russian Far East - the famous Decembrist Church. But there is also one of the largest Buddhist temples in Russia - the Aginsky datsan.

Buddhism in Transbaikalia was introduced by Mongolian and Tibetan lamas in the 16th - 17th centuries. Since then, this religion has been firmly rooted among the local peoples, mainly the Buryats.

"Aginsky datsan absorbed all the traditions and customs of the Buryat people. Its the continuity of our culture and we are proud of it," says Cidip Lama.

"I am very glad that I came to Siberia. We met wonderful people here and discovered a local culture that surprisingly was very much influenced by Mongolian culture," says blogger Analucia Rodriguez.

In the past, to survive in the harsh taiga it was necessary to be a good hunter. Today, the need for this has disappeared, but archery is still held in high esteem among the peoples of Transbaikalia. The Buryats respectfully refer to the most accurate and skillful shooters as "mergen". Among them, Alexander Dambaev, multiple Russian champion and champion of Europe in compound archery.

Siberia is a land of tradition. But in the 21st century this remote region faces new challenges - the need to develop new technologies. In Chita, together with bloggers, we met with Eugenia Mezenina, the founder of a school for children, "Zablab", where, starting at the age of 6, kids can get acquainted with the basic principles of engineering and robotics.

"Today, the geographical situation of Siberia is no longer a barrier to the development of technical thinking and modern technologies," she insists.

Transbaikalia is a region amazingly rich in natural resources, where the majestic Siberian taiga meets with endless steppes. But not only! Transbaikalia is also a land of mighty rivers, a so- called world watershed, where the basins of three major rivers, the Amur, Lena and Yenisei, take their sources. Their waters begin to flow here and end a few thousand kilometers away, in the Arctic and Pacific Oceans.

''I think Siberian people are friendly. They are interested in different cultures,'' says blogger Anica Kolic from Croatia.

During our stay in Chita we learned how to cook traditional the Buryat meal Buuz - a favorite dish of steppe nomads, which is prepared here according to a special recipe.

And what could be better than completing our journey with a stage performance of Anton Chekhov's short story "The Swedish Match", who wrote in his notes during his trip through Siberia: "Before you reach the lake Baikal you feel prose. Only when you leave lake Baikal behind you real poetry begins".

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Statistical review of mining sector introduced www.montsame.mn

Ulaanbaatar/MONTSAME/ On October 25, the Ministry of Mining and Heavy Industry called its regular press briefing ‘Transparent and Accountable Mining’. At the press conference, the Mining and Heavy Industry Minister D.Sumiyabazar briefed about first nine months’ statistical review of the sector.

According to the first nine months of 2018, gross production of industrial sector reached MNT 11.2 trillion, with an increase of MNT1.7 billion (18.8 percent) as compared with the same period of the previous year.

The production of mining and extractive industries reached MNT8.1 trillion, with an increase of MNT1.2 trillion (16.9 percent), which was mainly influenced by the increase of extractions of coal (46.5 percent) and metal ores (3.9 percent). Extractive industry makes up 72.1 percent in the gross production of industrial sector.

Major commodities of mining and extractive industries include 33.5 million tons of coal, 979.4 thousand tons of copper concentrate, 14.5 tons of gold, 4.0 thousand tons of molybdenum concentrate, 2.5 million tons of iron ore concentrate, 57.1 thousand tons of spar concentrate, 62.6 thousand tons of zinc concentrate, 5.0 million barrels of oil and 10.5 thousand tons of copper cathode.

As of first nine months, the total foreign trade turnover reached USD9.633,8 million, with an increase of 24.9 percent as compared with the same period of previous year. The volume of export reached USD5.282,8 million, showing an increase of 15.3 percent against previous year. Exports of mining products including iron ore, brown coal, copper concentrate, zinc concentrate, spar and crude oil make up 84.6 percent of total export.

99.2 percent of the total exported copper concentrate, 99.1 percent of coal and 58.6 percent of spar and all exported crude oil, iron ore and zinc concentrate went to China. A 41.2 percent of spar was exported to Russia. Unprocessed or semi-processed gold was wholly exported the Great Britain.

The volume of imports also increased by 39 percent, reaching USD4.351,0 million, as compared with the same period of previous year. The import of minerals reached USD976.0 million, in which the imports of oil products make up 83.5 percent. As of first nine months, Mongolia imported 1.184,9 thousand tons of oil products worth USD814.7 million.

In 2018, it is planned to extract 8.1 million barrel or 1.1 million tons of oil, accumulating MNT223.4 billion to the state budget. As of October 19, it has extracted 5.12 million barrel or 694 thousand tons of oil, which means 63.19 percent fulfillment of the plan. Moreover, 4.8. million barrel or 655 thousand tons of crude oil were exported. As of October 1, the oil export brought MNT176.46 billion to the state budget.

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Authorities cut budget on air pollution reduction www.zgm.mn

This week, the Parliamentary Standing Committee on Budget held the second discussion of the 2019 Budget bill and cut a total of MNT 271.2 billion expenditures from several sources, such as the allocation to measures on air pollution reduction, education, customs reform and mortgage loan financing. Without questioning the expenditure cut, the Parliament passed the bill on to the final discussion yesterday. Specifically, the allocation to air pollution reduction actions was cut by MNT 80 billion. The proposed amount of the draft was MNT 85 billion; thus, the financing for air pollution reduction action is currently lower than this year’s allocation of MNT 16 billion. Furthermore, another MNT 15 billion was reduced from the initial amount of MNT 115 billion. The budget cut will be spent on 14 projects and programs to be implemented in 2019. On the contrary, the committee did not approve the budget cut of Local Development Fund by MNT 27 billion from MNT 144 billion and increasing child money incentives by MNT 27 billion planned for supporting mortgage program.

Standing Committee disapproves proposal to cut Local Development Fund budget 
At the Parliament’s plenary session, the Chairman of the Democratic Party and MP Erdene Sodnomzundui presented the suggestions of DP’s Caucus in the Parliament. Mr. Erdene addressed, “The 2019 Budget bills are being discussed when the economic situation, outlook of foreign markets and the monetary policy objectives remain unpleasant for Mongolia’s economic growth. The proposed 2019 budget bill raised budget revenue by 33 percent and expenditure by 20 percent, of which current expenditure raised by 10 percent and investment costs were increased dramatically by 66.7 percent. Budget has to be accessible to the public. I demand and plead for the Parliament members to ratify a bill that will set the right foundation and mistake-free budget for the future.”

Key changes of the second discussion:

Allocation to the Minister of Finance on financing and utilization of foreign loans cut by MNT 122 billion;

Financing for measures on air and environment pollutions cut by MNT 80 billion;

Financing for Education Loan Fund cut by MNT 42 billion;

Allocation for the general expenses of buildings, facilities, maintenance and equipment of General Customs Administration cut by MNT 12 billion;

Financing for mortgage loan program cut by MNT 15 billion, to MNT 100 billion.

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Nationwide fuel reserves stand at 33 days of average consumption www.zgm.mn

Ministry of Mining and Heavy Industry held its monthly press conference “Transparent and Responsible Mining” yesterday. The ministry reported that the oil products import grew by USD 224.8 million year over year (yoy) in September. In the first nine months of this year, gross industrial production reached MNT 11.2 trillion, a 18.8 percent growth yoy. The growth was driven by 16.9 percent increase of mining sector production, which totalled MNT 8.1 trillion in the same period and accounts for 72.1 percent of gross industrial production. As of October 22, 2018, an total of 3,163 valid mineral exploration and mining licenses are registered throughout the country. Ownership change of mining licenses in September and October of 2018:

License grants-10

License transfer -9

License collateralization -1

Retraction of license areas-6

Expired licenses-55

Minerals import totalled USD 976 million, which is 32.9 percent or USD 238.4 million higher than the same period of last year. Oil products formed 83.5 percent of minerals import, rising USD 224.8 million yoy. The ministry plans to collect MNT 223.4 billion by producing a total of 8.1 million barrels (1.1 million tons) of oil this year. As of October 19, the plan is 63.19 percent complete as oil production stood at 5.12 million barrels (694,000 tons). Furthermore, 4.83 million barrels of oil have been exported with a completion rate of 59.57 percent, forming MNT 176.46 billion to the State Budget. As of October 16, the nationwide fuel reserves could cover 33-days of average national consumption.

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Saudi Arabia to invest in Russian-Chinese wealth fund www.rt.com

Riyadh is planning to provide major investments into the Russian Direct Investment Fund (RDIF) with the fund expected to be renamed, according to the head of RDIF, Kirill Dmitriev.
“In the near future, we will announce that Saudi Arabia is investing in RCIF and the fund will be renamed as the Russian-Chinese-Saudi Fund,” Dmitriev said at the Future Investment Initiative (FII), Saudi Arabia’s international investment forum.

“Thus, the sovereign fund of Saudi Arabia will join our partnership with China. That means significant investments from the Saudi side.”

The RCIF was established in June 2012 by China’s state-owned China Investment Corporation (CIS) and RDIF, headed by Dmitriev to focus on projects that foster bilateral economic cooperation between Moscow and Beijing. Both participants raised a combined $2 billion in equal shares.

The fund reportedly invests at least 70 percent of its capital in Russia and member countries of the Commonwealth of Independent States, and up to 30 percent - in China.

Moscow is also interested in Saudi projects. Russian Railways would like to participate in building railroads in Saudi Arabia, according to Dmitriev, who is on the company's board of directors.

“We think Russian Railways is one of the world’s best builders of railroads,” he said. “For instance, the company is going to become the key partner in rail projects in India.”

Moreover, the RCIF is interested in taking part in the privatization of the kingdom’s assets of agricultural infrastructure, Dmitriev said.

“Agricultural sector and, certainly, technologies, such as artificial intelligence, genetics, robotic automation and many other industries, in which Russia took leading position… We think that infrastructure, agriculture and technologies are the sectors where we can do much in cooperation with Saudi Arabia,” the official added.

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What sanctions? US, Japan & India join new Russian LNG project www.rt.com

Russia’s energy major Rosneft will build a new liquefied natural gas (LNG) plant in partnership with US ExxonMobil, Japan's SODECO and India's ONGC Videsh, Reuters reports.

The estimated $15 billion cost would be spread among the four firms, according to the news agency’s information. Rosneft, Exxon, SODECO and ONGC Videsh are all partners in the Sakhalin-1 LNG project. The new plant was intended to be built by Rosneft and Exxon, but the project was later joined by Indian and Japanese firms.

Sakhalin-1 is led by Exxon with a 30 percent stake. Another 30 percent belongs to SODECO, while Rosneft and ONGC Videsh own 20 percent each. LNG is not a subject of the anti-Russian sanctions, but Russian companies are facing problems with getting loans abroad.

Russia has an ambitious plan doubling its global LNG market share to 20 percent in the next decade. The country has two other LNG plants – Novatek's Yamal LNG and Gazprom's Sakhalin-2.

On Tuesday, the Russian Direct Investment Fund (RDIF) announced Saudi Arabia is ready to invest $5 billion in the Arctic LNG 2 project. Novatek is planning to sell up to 40 percent of the project to foreign partners.

In December, Russia opened the Yamal LNG project. Costing $27 billion, the plant will have three production lines and a total capacity of 16.5 million tons of LNG per year. Almost 96 percent of the Yamal LNG plant’s production has already been contracted.

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China cutting rare earth output, unnerving global manufacturers www.mining.com

The Chinese government is limiting domestic production of rare earth minerals in the second half of the year, a move likely to crimp international exports and send prices for the critical materials soaring, according to data from Adamas Intelligence.

China is by far the world's largest producer and consumer of rare earths, a group of 17 elements used to make electric vehicles and consumer electronics. The move is already forcing manufacturers to scour the globe for alternative supplies.The U.S. military is worried about China's dominance of the rare earths market, calling it a "significant and growing risk," according to a Pentagon study released earlier this month.

For the second half of 2018, China's quota for rare earth separation and smelting has been cut 36 percent, an attempt to better control the market, according to Adamas, a research firm that closely tracks the rare earths industry.

China's decision to limit domestic rare earth production to 45,000 tonnes for the second half of 2018 – the lowest in more than five years – provides only enough supply for China's domestic buyers, according to Adamas.

The semi-annual quota had risen to 70,000 tonnes in the first half of 2018, 40 percent higher than the first half of 2017. But that move was largely seen by analysts and electronics manufacturers as a step to legitimize black market production, with Chinese manufacturing consuming most of that supply.

While China is likely to attend to its own needs before exporting, increased exports would require the country to draw on already-low inventories of neodymium (Nd), prasesodymium (Pr) and dysprosium (Dy), used in electric vehicle motors, said Ryan Castilloux of Adamas.

Prices for one key rare earth mineral, PrNd Oxide, could increase by 10 percent to 50 percent within the next 12 months, and is on track to double in price within next five years as demand outpaces supply, Castilloux said.

Chinese exports typically supply around 80 percent of the globe's rare earth needs, about 156,000 tonnes annually. Still, exports tend to oscillate wildly from month to month.In September, for example, rare earth exports jumped 15 percent from August levels, despite slipping earlier in the year, according to Chinese government data.

The Chinese Ministry of Industry and Information Technology and the Ministry of Natural Resources did not respond to faxed requests for comment.

China's export reticence and market dominance has spooked manufacturers, including Japanese electronics maker Panasonic Corp, which said it is moving to find fresh supply.

"We have been diversifying our procurement channels, building partnerships with our suppliers and working to reduce the use of rare earths," Panasonic said in a statement to Reuters.

Australia's Lynas Corp is the only significant producer of rare earths outside of China through its processing plant in Malaysia. But last month a Malaysian politician said that plant should be closed, denting the company's stock and further unnerving the rare earths market.

Research into rare earth alternatives has come up largely empty, leaving manufacturers beholden to the specialized minerals just as demand for batteries for electric vehicles and other products that use the materials is soaring.

A typical Toyota Prius, for example, uses 25 kilograms (55 pounds) of rare earths, compared to 1 kilogram (2.2 lbs) in a typical combustion-engine vehicle.

(By Barbara Lewis, Ernest Scheyder, Makiko Yamazaki, Tom Daly and Beijing Newsroom; Editing by Bill Berkrot)

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