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Friday, September 19, 2014

[BREAKING: Global advertising giant WPP enters Mongolia, acquiring MCS's creative agency]

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- BREAKING NEWS -

Friday, September 19, 2014

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WPP agrees to acquire Creative and Research Agency from MCS Holding in Mongolia

19 September (WPP) WPP announces its wholly owned operating company Y&R Advertising has agreed to acquire the creative and research agency of MCS Holding LLC, one of Mongolia’s largest conglomerates. 

The deal marks WPP’s first acquisition in Mongolia, with the group now operating in 111 countries. In addition, Y&R becomes the first global ad network to establish a majority-owned agency office in the country. 

Established in 2008, the creative and research agency provides a range of services, including advertising development and events management as well as consumer and retail market research services. Its clients include MCS Asia Pacific Brewery, Dell, Herbalife, and JTI. The agency has approximately 45 people. 

Following the acquisition, the agency will be renamed Y&R Mongolia; its market research business will be affiliated to WPP’s global research consultancy TNS, which will be the first international research consultancy to establish a presence in Mongolia. 

One of the world’s fastest growing economies, Mongolia is forecast to grow at 9.5% in 2014, and 10% in 2015, according to the Asian Development Bank. 

This acquisition marks a further step towards WPP's declared goal of developing its networks in fast-growth markets and sectors. In the Asia Pacific region, WPP companies (including associates) generate revenues of US$5 billion and employ almost 50,000 people. WPP is targeting at least 40-45% of revenues to come from each of fast-growth markets and new media over the next five years. 

Link to release

 

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Monday, September 15, 2014

[BREAKING: OT receives written tax decision, to update market after detailed review]

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- BREAKING NEWS -

Monday, September 15, 2014

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Turquoise Hill Says Oyu Tolgoi Gets Decision From Tax Authority

By Divya Balji

Sept. 15 (Bloomberg) -- Turquoise Hill Resources says Oyu Tolgoi has received written notice from Mongolian Tax Authority on pending tax act.

* Oyu Tolgoi will translate notice, review in detail, evaluate implications

* NOTE: Sept. 12, Mongolia Tax Claim Cut for TRQ May Lead to Phase II Study: BMO

(BFW)

 

Oyu Tologi Receives Decision From Mongolian Tax Authority

VANCOUVER, BC--(Marketwired - September 15, 2014) - Turquoise Hill Resources (NYSE:TRQ) (NASDAQ: TRQ) (TSX: TRQ) announced that today Oyu Tolgoi has received a written decision from the Mongolian Tax Authority on the pending tax act. Following translation of the ruling, Oyu Tolgoi will review it in detail and evaluate the implications of the decision.

Turquoise Hill will update the market in due course.

Link to release

 

 

 

Mongolia Holdings, Inc. recruits Business Council of Mongolia Executive Director, Jim Dwyer, to its Advisory Board

Jim Dwyer brings a wealth of Mongolia-specific investment banking and local market expertise to the Hertz Equipment Rental franchise team for Mongolia.

September 15 -- Mongolia Holdings, Inc. (OTCQB: MNHD) is pleased to announce the appointment of long-time Mongolia resident and investment banking expert, Jim Dwyer, to its Advisory Board.

Mr. Dwyer was a New York-based investment banker for 30 years, completing over 100 transactions. He founded and managed M&A departments for Shearson Loeb Rhoades and UBS-North America, where he served as head of cross-border M&A. Before that he served as deputy head of M&A at Kidder Peabody and was a Senior VP of investment banking at Donaldson, Lufkin & Jenrette.

Starting in 2001, Mr. Dwyer represented the Government of Mongolia as lead investment banker for the privatization of Trade and Development Bank and then for the privatization of Khan Bank, the largest retail bank in Mongolia. From 2003 to 2007, Mr. Dwyer was COO of the Mongolian branch of the North America-Mongolia Business Council. Subsequently, he has served as Executive Director of the Business Council of Mongolia since its inception in 2007.

Mr. Dwyer received an MBA from Columbia University and a BBA from the University of Notre Dame. He lives in Ulaanbaatar with his family.

Former US Ambassador E. Michael Ussery, the Company’s Chairman, commented: "We appreciate Jim Dwyer’s generosity with his time, expertise and contacts, throughout the development of our Hertz Equipment Rental business opportunity for Mongolia. We applaud his thirteen-year commitment to advancing the cohesiveness of the business community there and value his new, more formal relationship with Mongolia Holdings, Inc.”

About the Company:

Mongolia Holdings, Inc., through its wholly-owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee for Mongolia. This exclusive franchise allows the Company to operate a business of renting, selling, and maintaining equipment for use in construction, mining, materials-handling, commercial, and industrial activities in Mongolia under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.

Tuesday, September 9, 2014

Mongolia - a country of particular Putin's attention, but there are problems for Russia ...

Google Translate:

Mongolia - a country of particular Putin's attention, but there are problems for Russia ...

By Vasiliy Ivanovich, ivanovic1963.livejournal.com

September 8 (ARD) After Putin's visit to Mongolia proclaimed "new perspectives", mainly - in the economic relations between the two countries. But, if you look closely - they are not so new, these prospects. And prospects whether it really? Russian bloggers analyze the reasons of "Putin's special attention" to the "land of Genghis Khan" and find that the vital interests of Russia can not afford any whatsoever Russian leadership "miss Mongolia."

All the great Russian or Soviet state leaders sought to go down in history as the "gatherer of Russian lands." Lenin ineptly lost part of the Russian Empire as Finland, Poland has always remained the focus of Stalin, who did much to restore at least part of the lost territories. As a result of the wars in 1939-1940, the Soviet Union annexed to his Western Ukraine, Western Byelorussia and pushed the border of Finland from the then Leningrad.

Putin, no doubt, a great politician. He revived a sense of Russia's greatness in the hearts of Russians. Thanks to Putin Russia has an independent foreign policy, not looking around on Washington or the EU. But the difference between the foreign policy of the USSR and the Russian Federation is the current elementary pragmatism Russian leaders.

If earlier the Soviet Union was willing to help and arms and loans to all who proclaimed the socialist orientation, and friends of the USSR proved to be very odious figures like Saddam Hussein Nur Muhammad Taraki, or, now purely economic or geopolitical interests are in the foreground.

Even old friends of the USSR, as Fidel Castro, Russia is a very pragmatic policy. Write-off of the old Soviet debts of Cuba does not look like an act of desperation rich creditor is unable to recover their money from the bankrupt customer, but as a multi-step. For debt relief in Cuba have to allow Russia to renovate a military base that existed during the Soviet period. Apparently, this is part of a larger plan for Russia's military presence around the world.

1520 and Mongolia

But Mongolia - a country of particular Putin's attention. The issue is not that Mongolia was for many years the USSR satellite dish. Not even the fact that the Mongols, the advantage of the weakness of Gorbachev and relying on the promises of the then Secretary of State James Baker, drove many thousands contingent of Soviet troops virtually overnight. Of course, such actions do not add warmth in relations between states. And hardly anyone remembers it now, during the anniversary of the victory in the Khalkhin-Gol.

Now Russia to Mongolia's economic and geopolitical interests. You can not even say exactly what the interest is in the first place. Most of all - economic.

Yakunin and Mongolia

Yakunin is not a major specialist in the field of railway transport. He's a friend of Putin. Besides Yakunin Railways is the mass of specialists. Yakunin role is not to control Railways as a business manager. He is responsible for the transport part of the great geopolitical game. The names may be different, "Eurasian Union", "customs union". This is a counterweight to the European Union.

Putin wants to economically connect all former Soviet republics except the Baltic, into a single economic zone. The first participants were Russia, Kazakhstan and Belarus.

Kazakhstan has had an interest in more strategic. Kazakhstan needed a large and reliable partner in its relations with China. And Belarus, Alexander Lukashenko rather have simply had no choice. Who need it in Europe? With their trucks bring and potatoes? And Europe would not tolerate his dictatorship. So that Lukashenko simply had no choice. A Russian refers to it by the principle: "He's a son of a bitch, but our son of a bitch," turning a blind eye to internal problems of Lukashenko.

One of the compelling tools for the creation of an economic union in the territories of the former Soviet Union is the railway. Rather, it is not the road itself, and the rail network.

Armenia now officially enters the Eurasian Union. That is to say it becomes a new member. It all began with the Armenian railroad. The only vehicle of economic nature for Armenia is the railway. Using the fact that Russia is both a transit and cargoer for Armenian Railways tidied up in a group of "Armenian railway". Who carries out the management of the company, RZD, ie this company is led by specialists from Russia. The same pressure is carried out on all the railways of the former Soviet Union.

Cost-effective for all but Russia and Kazakhstan, a project to build a railroad from China to Kyrgyzstan managed to stop oil embargo threat. And this policy of pressure over the railway and developed Yakunin, and it is called "1520". And Mongolia has got into this space.

Russia's problems in Mongolia

Russia's main problem in Mongolia is solely the political structure Mongolia. Putin, as the sole leader of the country, which is concentrated all power in his hands, can not yet work with the Mongols. Mongolia - a parliamentary republic, and then has its own specifics.

Russia got repaid the debt under President Enkhbayar of Mongolia. He has promised a lot of things to Putin, but you do not re-elected. Now Enkhbayar in any case is in Korea being treated. Well, do not ask the same with the sick person, which promises to mine silver and uranium mines?

Then he decided that the most desired man - is the Prime Minister. And helped Bayar become prime minister. And he took it, and lied to the Oyu Tolgoi mine with. Too ill, fell from his horse and fled to the United States.

Then he took up the at-the-time popular H.Battulga. And that, in virtue of their stupidity, or rather greed ruined such a good combination. Well, more on that later.

"On the one hand, apparently, not enough good analysts Mongolia, on the other hand - the old Soviet habits interfere with the "big brother".

Russia's interests in Mongolia

How not cool, the entire infrastructure and industry of Mongolia was created by the Soviet Union. Even if some plants were built with the help of other brothers of the socialist camp, they were built on orders from Moscow. As the Czechs built a cement plant in the city of Darkhan or shoe factory in Ulan Bator.

Russia wants to become a world leader in the energy sector. And it all has to do this. Because of the technological gap Russia will not even try to compete in the market of solar panels and other areas of environmental energy. Russia is not necessary. She has both oil and gas, coal and uranium. That and are of importance.

From this list, Mongolia is the last two components, namely - coal and uranium. And here comes first vector of Russian interest in Mongolia.

Well, if you take the coal, Mongolia is directly threatened by the Russian coal exports.

It will be recalled that in the mid-90s, Russia was forced out of the European market by the Americans and funny to say - and Colombians. However, the Colombian coal then and now controlled by the Americans. And Russia was reoriented to a more promising market of the Asia-Pacific region. This is China, Korea, Japan and Taiwan.

Ever since the prime minister Fradkov, Russia tried to seize the coal industry of Mongolia. This is especially true Tavan Tolgoi. In 2007 it was officially declared the Russian interest in this field. But interest was just in control. Located close to China, this field carried a greater threat to the entire coal policy of Russia. It is the location, the quality of coal and the cost of goods sold were the deciding factors.

Here Putin made ​​a bid to Yakunin and O.Derispasku. The first - a railway solutions, and the second - a coal magnate. Rather, more and coal magnate. As the Mongolian partner chose Battulga, ambitious politician, leader of the democratic union.

Rate through Yakunin was joining Tavan Tolgoi field to Trans-Mongolian Railway. Since Russia owns half of the shares of Mongolian railways - UBZhD - it automatically gave control of the mine.

You can remember how in 2010, Vladimir Yakunin, like a magician, sent a couple of compositions with the Mongolian coal from the station Choir to Nakhodka, implementing long-held dream of the Mongols on the way out to sea. So to speak, showed everyone that can RZD Vladimir Yakunin and personally.

A game by Deripaska was to acquire part or all of the most important coal deposits in Mongolia, including the Tavan Tolgoi. But here Mongolian politicians businessmen beat the Russians. The tidbit - Ukhaa Hudag - was given to a group of Mongolian companies under the general title "Energy Resource." And the other sections, it was decided to transfer to foreign companies. Then no matter how trying the Russians, nothing happened at all. Just did not give anything to anyone. That too was good Russians.

The main thing was to take control of the mine.

But then nimble guys from "Energy Resource" was almost confused all the cards and Yakunin, and Deripaska. They were able to find 700 million. Dollars for the construction of the railway. And our guys could not allow the existence of uncontrolled Russian railway from the mine to the Chinese border. This could break all the investment projects of the Russian coal industry.

Therefore, it was ordered to the right people in the government of Mongolia to stop the construction of the railway line. Well, here it is necessary to understand that not geopolitics Mongolia, not national security have some relation to the rail. It is necessary to take into account Russia's interests and everything goes.

A lot of materials on development of previously owned uranium deposits of the USSR. Neither the Canadians nor the French can not work in that direction. Mongolia - this is not the Niger, a country in Africa, where the French have long been working with uranium. That Russia can not allow that. In principle.

Well, we must remember that in Russia or Russian Geofunds is more material than in Mongolia itself. Need to remember this always.

Link to article (in Russian)

Sunday, August 31, 2014

Register for FREE to Invest Mongolia 2014, Frontier Securities' 8th Annual Conference, September 2-3

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Fourth Update: Invest Mongolia 2014, Frontier Securities’ 8th Annual Conference

Anyone interested in attending or sponsoring or any other inquiries at this moment, please email us at conference@frontier.mn

We are pleased to send you the fourth and final update letter for this year’s “Invest Mongolia”, Frontier’s 8th annual Conference 2014, to be held on September 2nd & 3rd in Diamond and Topaz Hall, Blue Sky Hotel, Ulaanbaatar, Mongolia.

Two Day Program:

This year, the conference will be held over two days and the main discussion themes will be:

Most updated government policies and its implications

Challenges & opportunities of investing in Mongolia & an update on regulatory changes.

Opportunities in non-mining sectors such as Agriculture and Finance

The two-day conference will consist of presentations & panel discussions. There will also be a segregated area for exhibitors. The brochure for this year’s conference which includes the list of speakers & the preliminary agenda (subject to minor changes) and the summary report from last year’s conference are attached along. 

Confirmed Speakers

The list below shows some of our final collection of prominent speakers: 

Bold Luvsanvandan  Minister of Foreign Affairs (Inviting)
Batbayar Nyamjav
  Minister of Economic Development (Inviting)
Amarjargal Gansukh
  Minister of Road and Transportation of Mongolia (Inviting)
Oyungerel Tsedevdamba
  Minister of Culture, Sports and Tourism
Piper Anne Wind Campbell
  The US Ambassador to Mongolia
Norihiko Kato
  CEO, Khan Bank
Batsuuri Yaichil
  CEO, Erdenes Tavan Tolgoi
Koppa Randolph
  President, Trade and Development Bank
Lee Cashell
  Chairman and Managing Partner, Asia Pacific Investment Partners
Cameron McRae
  Executive Chairman, Skypath Partners LLC
Toshinobu Kato
  Resident Representative, JICA
Bekhbat Sodnom
  Director General, Department of Innovation and Public Private Partnership, Ministry of Economic Development
Graeme Hancock
 - President and Chief Representative, Anglo American
Ganbat Danjilaa
 - Director of Supervision Department, The Bank of Mongolia
Hidetoshi Nagata
 - General Manager, Head of Global Listing: Tokyo Stock Exchange, INC
Khashchuluun Chuluundorj
  Professor, The National University of Mongolia
Chuluunbat Ochirbat
 - Vice Minister, Ministry of Economic Development
Tuyen D. Nguyen
 - Resident Representative, International Finance Corporation
Matthieu D. Le Blan
 - Head of Mongolia Residence Office, European Bank for Reconstruction and Development
John Johnson
 - Chief Executive Officer, CRU Group
Arshad Sayed
 - President, Peabody Mongolia & India


You can access our agenda here 

http://frontier-conference.com/index.php/en/program

and speaker’s list here 

http://frontier-conference.com/index.php/en/speakers

 Sponsors

Sponsoring, presenting and exhibition opportunities are available for those wishing to gain visibility and expand their network with Mongolia’s most prominent leaders. The details for the same are attached with this update. 

Conference Venue  

This year’s edition of Invest Mongolia shall be held at The Blue Sky Hotel, which is located in front of the Chinggis Square in the center of Ulaanbaatar, Mongolia.

Please note due to President Putin’s visit, security at BlueSky would be very strict, attendees are requested to bring appropriate identification document on both the days.

 Networking Lunch and Gala Dinner (by invitation only)

We have planned a series of networking lunches and dinners for participants of the conference. These events will offer participants an opportunity to speak with high profile officials from the Government and also with Mongolian and international corporate executives, institutional investors and conference speakers. Networking lunch on 2nd and 3rd will be provided on Season’s restaurant on the 2nd floor of Blue Sky Hotel. APIP will be hosting Gala dinner in their village nukht on 2nd September. Visit our website (http://frontier-conference.com) to book your seat now.

Sponsor/Exhibit & Delegate participation

Sponsoring, presenting and exhibition opportunities are available for those wishing to gain visibility and expand their network with Mongolia’s most prominent leaders. We have just few exhibition booths left for rent, so please hurry.

Participating companies:

ADB 
American University of Mongolia
AngloAmerican
Ard Financial Group
Asia Frontier Capital
Asia Pacific Investment Partners
Bank of China Limited Ulaanbaatar Representative Office
BDSec Joint Stock Company 
Best Western Hotels International
Bodi Invest
Business Council of Mongolia
Business Plus Initiative (BPI)
Cashmere Holding LLC
CEO Club
Chono Group
Churchill's Co. Ltd
Citizen Investment Trust
Clyde & Co
CRU Group
Delamore Capital LLC
Department of Innovation and Public Private Partnership, Ministry of Economic Development
Development Bank of Mongolia
Economic Policy & Competitiveness Research Center (EPCRC)
Embassy of Japan in Mongolia
Embassy of the United States of America
ERDENES MONGOL LLC
Erdenes Oyu Tolgoi 
Erdenes Tavan Tolgoi 
Erel Real Estate Development
Ernst & Young
European Bank for Reconstruction and Development
Federal Reserve Bank of Chicago
Financial Regulatory Commission
Financial Stability Council
Fitch Ratings
Forbes
Frontier Securities
German-Mongolian Business Association (DMUV)
Gibson, Dunn & Crutcher
Global Advances Group
Global Mining Capital Corp
Golomt Bank
Government of Japan
Government of Mongolia
Hera Investment LLC
Hogan Lovells
Hogan Lovells (Mongolia) LLP
Hunnu Resources
IARUDI Consulting LLC
Ikhtusch finance consulting
IMF 
ING
International Finance Corporation
Investment Capital
Japan Center For International Finance
JICA
Khan Bank
Kincora Copper Ltd
KPMG
Law firm of MDS KhanLex
Leighton LLC
Lippo Mongolia
M.A.D. Investment Solutions
Marubeni Corporation
MCS Energy
Melbury Capital
MGG Properties
Ministry of Culture, Sports and Tourism of Mongolia
Ministry of Economic Development
Ministry of Finance
Ministry of Foreign Affairs
Ministry of Health
Ministry of Industrial and Agriculture
Ministry of Mining
Ministry of Mining of Mongolia
Minter Ellison
Mitsui & Co., Ltd. Representative Office in Ulaanbaatar
Mizuho Securities
Mobicom
M-Oil Group
Mongolia Japan Center
Mongolia property development
Mongolian Express Co., Ltd
Mongolian Mortgage Corporation
Mongolian National Marketing & Coordination Office
Mongolian Railways
Mongolian Securities Clearing House & Central Depository
Mongolian Stock Exchange
Mongolnews
Moody's Investors Services 
Mongolian University of Science and Technology
National Securities
Neran Company
Netherlands Embassy
Newcom Group
NovaTerra LLC
Obafemi Awololo University
Ochir Undraa LLC
Oxford Business Group
Peabody Energy
PricewaterhouseCoopers
Prophecy Coal 
Quintana Minerals Asia
Siemens
SkyPath Partners
Skypath partners LLC
SMBC Ulaanbaatar Representative Office
Standard Chartered Mongolia Representative Office
Sustainable development LLC
TDB Bank
TDB Leasing LLC
Thales Transport & Security(HK) LTD
The Bank of Mongolia
The financial markets association
The Law Office of Huyen Trung
The State Great Hural (Parliament) of Mongolia
TMDU
Tokyo Stock Exchange, INC
Transwest Mongolia LLC
U.S. Embassy in Ulaanbaatar
UKTI, Biritish Embassy Ulaanbaatar
University of the humanities
US Treasury
USAID/Mongolia
VII Peaks Capital
Voodoo Associates Ltd
Wagner Asia Automotive LLC
Wagner Asia Equipment LLC
Wolf Petroleum
Woodmont International and AmCham Mongolia
World Bank 
Xac Bank
ZAG LLC

Anyone interested in attending or sponsoring or any other inquiries at this moment, please email us at conference@frontier.mn

Also visit www.frontier-conference.com/tokyo for our upcoming 2nd annual conference in Tokyo, Japan.

 

 

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Thursday, August 28, 2014

[Mongolia seeks to return 106, Viking cleared for Auminco takeover, MSE closer to trading gov't notes, and Mongolia blocks porn sites]

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Thursday, August 28, 2014

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Jump to: Overseas Market - Local MarketEconomyPoliticsBusinessUlaanbaatarDiplomacy - Social, Environmental and Other

Headlines in Italic are ones modified by Cover Mongolia from original

 

Overseas Market

Mining Minister: FS, Tax Issue Remain to Meet Oyu Tolgoi Financing Deadline

By B. Amarsaikhan

Ulaanbaatar, August 27 (MONTSAME) it was sounded on August 27 at the traditional "Open mining' conference for the media.

Before its break, a spring session of the State Great Khural (parliament) adopted laws on petroleum and on minerals, "which has created a more comprehensible and more stable legal environment in the mining sphere," the Minister D.Gankhuyad said. Some works have already started but the regulations on implementing these acts have not been issued yet, "and this makes foreign investors wait". To improve the situation, a group has been formed which has been working on seven regulations, three drafts of agreements and one set of rules, he said. Regarding the law on petroleum, other regulations and rules are being elaborated, he added.        

17 out of 21 agreements proposals on exploration are about coal bed methane gas exploration, "so such agreements are expected with "Erdenes Tavantolgoi" and "MAK" (Mongol Alt Corporation) prior to others," he said.

Other topics the Minister touched upon were about 106 exploration and exploitation licenses and the Ouy tolgoi ground mine. "Responsible parties will conclude by this September 30 a discussion over the financing of this mine, two questions awaiting their solution--the feasibility study of the mine, which must be worked out by the OT company and considered by the Minerals professional council, and OT's tax problem, which has been considered by a related body," he said. 

Link to article

 

Viking Mines takeover of Auminco now unconditional

August 27 (Proactive Investors) Viking Mines' (ASX:VKA) takeover bid for unlisted Mongolian-focused coal developer Auminco Mines is now free of all defeating conditions. 

The company has waived the remaining condition related to the size of its capital raising.

The company is also currently raising up to $3.04 million through an offer of shares and has already has already exceeded its minimum level of $2,090,000.

Viking has already received acceptances for more than 97% of Auminco shares. The takeover closes on 26 September.

Auminco shareholders will emerge with a 47% stake in Viking after Viking's takeover offer which is significant as Auminco was established by founding shareholders and management ofCoalworks Limited that was sold to Whitehaven Coal (ASX: WHC) for ~$200 million in mid-2012.

Besides the flagship Berkh Uul Bituminous Coal Project, which has already signed four non-binding memoranda of understanding with Mongolian industrial users relating to future potential coal supply, Auminco also holds:

-    The Khonkhor Zag anthracitic coal project in the Trans-Altai Coal Basin in Govi-Altai Province, South West Mongolia; 
-    The early stage Buduun Project in a proven hard coal region in Khovd Province, Western Mongolia; 
-    The Dalt and Budargana coal projects in Dundgovi Province, Central Mongolia; and 
-    The Tsairt Zinc joint venture project in Sukhbaatar province in eastern Mongolia.

Capital Raising

Viking is raising up to $3,040,000 by the issue of up to 80 million shares priced at $0.038 each with 1 free attaching option for every four shares subscribed. 

These are exercisable at $0.09 at any time on or before 30 April 2017.The company has already received a strong show of support from investors with applications for its offer of shares and options having exceeded its minimum level of $2,090,000.

This is expected to swell further before it closes on Friday, 29 August 2014.

Analysis

With the waiver of the last remaining condition and acceptances already over 97%, Viking Mines is poised to complete the acquisition of Auminco Mines, giving it a package of attractive coal projects in Mongolia.

Berkh Uul in particular has drawn considerable interest with four non-binding MoUs with local industrial users and potential to produce a high quality, high energy thermal coal suitable for export markets.

Link to article

Link to VKA release

 

David Phillips to highlight Mongolia rental potential at IRC conference

by Murray Pollok

August 26 (International Rental News) David Phillips, managing director of UK-based Off-Highway Research, will use his presentation at the 2nd International Rental Conference (IRC) to shine some light on four Asian markets that offer long term potential for rental.

Mr Phillips, a world authority on construction equipment sales trends, will focus on Myanmar, Mongolia, Thailand and the Philippines, looking at sales of construction equipment, trends in equipment use, and the degree to which equipment rental has taken hold.

The conference takes place on 24 November in Shanghai, China, on the day before the Bauma China exhibition. See www.khl.com/ircfor details.

"Much of the research that Off-Highway Research conducts focuses on the high volume markets such as North America, Europe, China and India", said Mr Phillips, "But several times a year we look at some of the less developed markets in the more difficult parts of the world which are showing great growth potential, and which have been under researched and little understood in the past.

"The multi-client studies that we have done recently include Myanmar, Mongolia, Thailand and the Philippines, so I thought that a review of the main elements of these fascinating emerging markets might add some colour to the conference."

Each of the four markets has its particular dynamic. Mongolia, for example, is in the midst of a boom in the mining sector, with several rental companies already getting established, such as New Gobi Rentals, Mongolia Equipment Rental Corp (a Hertz franchise holder) and Wagner Asia. Thailand, meanwhile, already has many equipment rental businesses, including several subsidiaries of major Japanese rental firms.

The IRC conference has high level speakers, including Masaki Kurita (President/CEO, Nikken Corp), Greg Parfitt (Executive General Manager for Sales and Specialist Business, Coates Hire), Zeng Guang'an (Chairman of Guangxi LiuGong Machinery and President of Guangxi LiuGong Group), Li Hua Bin (General Manager, Shanghai Jinheyuan Equipment Rental Co., Ltd.) and Lawrence Poh (CEO, Lei Shing Hong Machinery).

Conference sponsors are:

      Gold sponsors: Genie (Terex AWP), XCMG

      Silver sponsors: JLG, LiuGong, Sinoboom

      Supporting sponsors: ATN, Haulotte Group, Ritchie Bros Auctioneers, Skyjack

Link to article

 

Explorers sense mixed messages from Mongolia

By Haydn Black

August 26 (Gold & Minerals Gazette) China and Mongolia have upgraded their bilateral ties to a comprehensive strategic partnership, a move that should benefit the resources and exploration sectors of both nations, and which could also restore investor confidence in the Mongolian mining scene.

Last week China's President Xi Jinping visited Ulaanbaatar, signing 24 Memoranda of Understanding and agreements outlining strategic cooperation initiatives between the two countries across multiple sectors.

Many of the cooperation agreements relate to infrastructure development within Mongolia, and offer access to both rail and north-eastern sea ports in China to not only facilitate increased levels of trade bilaterally but also internationally. 

Six seaports, including the major ports of Tianjin, Dalian, and Jinzhou were named to enable Mongolian exports to reach seaborne markets. 

Border crossing co-operation and access to rail capacity within China were also covered by the agreements.

Coal exports will be a leading contributor to a projected increase in trade out to 2020 given Mongolia's close geographical position to some of the largest coking coal consumers worldwide – China, Russia, Japan, Korea, Turkey and Europe.

Next month Russian President Vladimir Putin is expected to sign a number of similar agreements between Russia and Mongolia.

China has also agreed to participate in a trilateral summit between Russia, Mongolia and China with trade being a high priority. 

Significant

These agreements represent a significant step forward for Mongolia and companies with resource projects in the region, including Aspire Mining's (AKM) Ovoot coking coal project and Guildford Coal's(GUF) South Gobi project, which trucked its first load of coal from its start-up mining operations over the weekend.

Interest in Mongolia's mineral riches in on the decline in some quarters, with Voyager Resources (VOR) and General Mining Corporation (GMM) saying it is all too hard, while Mongolia Resource Corporation (MUB) remains mired in legal limbo caused by a former director, and the former Mongolian Resources has switched its focus to Sri Lankan graphite as MRL Corporation (MRF).

Modun Resources (MOU) is getting out of Mongolian coal too, lamenting that despite the success it has achieved in generating a 478 million tonne resource at its Nuurst thermal coal project the market just doesn't seem to care.

Modun has been unable to secure finalisation of an off-take agreement with the Mongolian Government and get the operation into production, so it is considering getting out of resources and into IT.

And while there is no doubt Mongolia has fallen from favour, others take a more positive view on the potential riches buried beneath the Central Asian nation, as Viking Mines (VKA) confirmed recently with strong support for its projects in its ongoing capital raising, while Tian Poh Resources is in the IPO market seeking support for its copper-gold exploration plays in the nation.

The Perth-based Viking is seeking to raise $3 million, and managed to crack its minimum $2 million floor within a week of issuing its prospectus. 

It expects to wrap up the offer by the end of the week.

Potential

Viking, which also has gold exploration projects in Ghana in West Africa, has as its primary focus is its takeover of coal developer Auminco, where it has already booked 97% acceptances.

The funds will be used to complete the Auminco takeover, to fund exploration and development of its gold and coal assets and for general working capital purposes. 

Auminco has secured four agreements with prospective coal buyers in recent months, including withKhutul Cement and Lime, Mongolia's largest cement manufacturer.

That company is set to substantially increase cement production to meet a growing domestic demand, increasing its coal demand increasing from 250,000 tonnes per year to as much as 500,000 tpa.

Viking is optimistic about winning a big slice of KCLC's business as low sulphur content is a feature of Berkh Uul coal, which is important for cement manufacture.

It was the fourth memorandum of understanding secured for Auminco's bituminous coal project in north-eastern Mongolia since April, alongside MOUs with the Darkhan metallurgical plant, the Darkhan power station and the Erdenet power plant.

Commencement

Elsewhere in Mongolia, Guildford has commenced the first 8,000t shipment of coking coal from its South Gobi mine after almost a year of negotiations with regulators.

The final piece of the jigsaw was a sign off on a permit to utilise a 98 kilometre haul road linking the mine to the Chinese border crossing

The next priority for Guildford is to negotiate with a number customers in China to take delivery of the coking coal brand in the Chinese market via long term off-take agreements. 

Guildford entered the project three years ago.

Also keen to remain in the country is Haranga Resources (HAR), which shares an office with Voyager.

It says that a change in the law back in July has greatly improved the country's mining industry environment and allowed it to potentially extend its exploration rights by a further three years up until 2017.

The decision to return to overturn a 2012 law banning new mineral exploration licenses, and to recognise the JORC code, and a relaxing of strict timelines to submit a feasibility study means Haranga will persevere with its Dund Bulag, Bayantsogt and Undur Ukhaa iron ore projects where it has defined a resource of 254 million tonnes grading 17.2% Fe.

In Mongolia, as everywhere, hope springs eternal.

Link to article

 

NUR: Interim Results 2014

August 27, National United Resources Holdings Ltd. (HKEx:254) --

MANAGEMENT DISCUSSION AND ANALYSIS

Change of Company Name

The name of the Company has been changed from "China Outdoor Media Group Limited 中國戶外媒體集團有限公司" to "National United Resources Holdings Limited 國家聯合資 源控股有限公司", effective on 21 January 2014, for presenting a more precise image in its diversifying development progress of the Group.

Business Review and Prospects

For the six months ended 30 June 2014, the Group has been operating the following major business segments:

Coking coal trading business

The Group has successfully anchored into coking coal trading business since the second half of 2013. Trust from suppliers and transporters in Mongolia was the core key in making this business feasible and profitable. As a listed company in Hong Kong for decades can surely bring the Group credits in building up this business in Mongolia. The Group believed that this natural resources trading business was with enormous development potentials. In this reporting period, the Group had achieved the following progress in this business segment: In March, 2014, the Company and 中航國際煤炭物流有限公司 (AVIC International Coal Logistics Company Limited*) entered into a strategic cooperation framework agreement, in which both parties have confirmed an intention to cooperate in respect of sale, logistic and storage management of specialty coal from Mongolia for 3 years and up to 15 million tons in aggregate;

      In April 2014, a subsidiary of the Company entered into coal purchase agreements with Erdenes Tavan Tolgoi JSC, a Mongolian state-owned joint stock company, for securing supplies of 1,750,000 tons of coal in Mongolia; and

      In May 2014, a subsidiary of the Company entered into a coal purchase agreement with IKH Gobi Energy LLC for the purchase of 1,000,000 tons of specialty coal (anthracite) in Mongolia.

Besides securing coal supplies in Mongolia, the Group has also successfully proceeded its development in natural resources related logistic businesses, like:

      In April 2014, a subsidiary of the Company, entered into the joint venture agreement with the Baotou Haorui Properties Company Limited in relation to the formation of a joint venture company in the PRC to be engaged in the investment and development of a bonded logistics park located in the border crossing point of Ganqimaodu, Bayannur City, Inner Mongolia Autonomous Region, the PRC; and

      In June 2014, a subsidiary of the Company contracted for acquiring a group of companies principally engaged in international logistic and trading businesses between the Tavan Tolgoi coal mine in the South Gobi Province of Mongolia and the port of Gan Qi Mao Du in the PRC, with self-owned trucks and garages. As at the date of this announcement, the acquisition has not been completed.

With the above progress, the Group is in a good trend in establishing a full supply chain of coal from Mongolia to the PRC.

Revenue

During the six months ended 30 June 2014, the revenue of the Group was principally derived from the following business segments:

(i) Coking coal trading business

The revenue for the six months ended 30 June 2014 generated from the coking coal business amounted to approximately HK$276,835,000 (2013: Nil). The gross profit of this business was approximately 24.4% (2013: Nil). During the six months ended 30 June 2014, the Group had sold approximately 483,000 tons of coal, when compare to approximately 268,000 tons for the six months ended 31 December 2013.

Link to full report

APPOINTMENT OF EXECUTIVE DIRECTOR (Mr. Feng Yongming, currently VP), August 27

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Local Market

MSE News for August 27: Top 20 -0.07% to 15,767.30, Turnover 6 Million

Ulaanbaatar, August 27 (MONTSAME) At the Stock Exchange trades on Wednesday, a total of 12 thousand and 074 shares of 12 JSCs were traded costing six million 010 thousand and 035.00 togrog.

"Genco tour bureau" /10 thousand and 010 units/, "Tavantolgoi" /470 units/, "Kherlen khivs" /442/, "E-trans logistics" /441/ and "Merex" /300 units/ were the most actively traded in terms of trading volume, in terms of trading value were "Tavantolgoi" (MNT two million 373 thousand and 500), "Talkh chikher" (MNT one million 999 thousand and 500), "Genco tour bureau" (MNT 860 thousand and 870), "Gobi" (MNT 421 thousand and 200) and "Baganuur" (MNT 107 thousand and 400).

The total market capitalization was set at MNT one trillion 615 billion 694 million 233 thousand and 221. The Index of Top-20 JSCs was 15,767.30, decreasing 10.87 units or 0.07% against the previous day.

Link to article

 

Working Group Backs MSE for Trading Government Securities, Submits Proposal to Finance Minister

August 25 (MSE) By resolution No.178 of 2014 of Minister of Finance, a working group was established to develop Government securities domestic market, to increase competition and transparency for participation of foreign and domestic investors, to develop and to improve securities trading, clearing and settlement systems.

This working group leaded by Sub Minister of Finance, Purev.S, and those are Ministry of Finance, Financial Services Commission, Mongol Bank, Mongolian Stock exchange related workers worked.

On 21st of August, 2014, the above working group made recommendations that is related to governments securities are supposed to conducting through Stock Exchange.

When Finance Minister received it then make last decision after government meeting will discuss about it.

Link to article

 

Taiwan plans to help Mongolia in capital market

Taipei, Aug. 27 (CNA) Taiwan plans to help Mongolia set up trading on an emerging stock board and a deposit insurance system, Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung said Wednesday.

Tseng plans to visit Mongolia Thursday, a reciprocal visit following that country's financial supervisory officials' trip to Taiwan in July.

The FSC may sign a supervisory memorandum of understanding (MOU) with its Mongolian counterpart during the trip for the trading on an emerging stock board, a market with less strict regulations than the over the counter (OTC) market, according to Tseng.

The Mongolian authority has also shown interests in deposit insurance, he added.

Tseng said helping Mongolia improve its capital market could showcase the international credentials of Taiwan's capital market. 

Link to article

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Economy

Early morning rates: Khan (Non-Cash Buy 1,810 Sell 1,828), TDB (Non-Cash Buy 1,812 Sell 1,832), Golomt (Non-Cash Buy 1,810 Sell 1,832), XacBank (Non-Cash Buy 1,810 Sell 1,832), State Bank (Non-Cash Buy 1,810 Sell 1,830) FX rates

BoM MNT Rates: Wednesday, August 27 Close

 

8/26

8/26

8/25

8/22

8/21

8/20

8/19

USD

1,826.34

1,829.01

1,835.86

1,847.70

1,855.58

1,858.68

1,859.45

EUR

2,408.21

2,413.01

2,421.41

2,455.13

2,463.19

2,470.84

2,482.46

CNY

297.15

297.26

298.45

300.25

301.63

302.58

302.68

GBP

3,026.70

3,032.50

3,041.74

3,065.61

3,078.69

3,089.87

3,105.47

RUB

50.53

50.59

50.73

51.22

51.11

51.27

51.44

August MNT vs USD, CNY Chart:

 

Link to rates

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Politics

Opposition MPP Gives PM Advice on Boosting Economic Ties with Russia

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) The parliamentary faction of the Mongolian People's Party (MPP) Tuesday sent an official document to the Prime Minister N.Altankhuyag regarding a forthcoming visit of the President of the Russian Federation to Mongolia.

The document says that the "MPP laid a ground of good neighborhood, traditional and friendly relations and cooperation with Russia, and has been maintaining a policy to widen these ties and to bring them into a strategic partnership level". "This is why the current Prime Minister must pay a vital importance to the visit of the President Putin". 

"Researchers and observers are saying that Russia has made efforts to intensify its economic and commercial cooperation with the Asian countries, and this must be noticed by Mongolian political leaders," it says. 

After this some "directions" are given to the PM on augmenting external trade turnover with Russia and increasing export products. "Firstly, the PM should tackle an issue concerning a construction of infrastructure, energy, oil and gas pipelines through Mongolian territory, fully exploiting a chance to serve as an economic and business bridge between Asia and Europe. Mongolia now should be dynamic so as to increase sizes and kinds of goods to be exported to Russia and to intensify contracts and talks on supplying meat and meat products to Russia."

"Secondly, the Premier should implement largest strategically-important projects and programmes together with Russia in frames of bringing the economic cooperation to a newer level and strengthening the national security including economic security.

"Thirdly, the Premier should resolve matters together with Russia on building a joint factory equipped with the latest hi tech to process foods and other consumer products," the document says.

Link to article

 

Twitter users outraged at blocked access to porn sites

By Khash-Erdene

August 27 (UB Post) A new wave of outrage hit Mongolia's Twitter communities as the Communications Regulatory Commission blocked access to Mongolian pornographic websites last week.

Mongolia's Twitter users have expressed outrage at the recent conviction of Ts.Bat on defamation charges for speaking out against Roads and Transport Minister A.Gansukh on Twitter, using the hashtag "#FreeBat", which was accompanied by the hashtag "#FreePorn" shortly after the targeted porn sites were blocked.

"With these new measures, the Democratic Party can't hope to be reelected in 2016 #FreeBat #FreePorn," said Twitter user @bayarkuu.

"Xaxaxa #FreeBat #FreePorn, they say blocking alcohol made us alcoholics, blocking cigarettes made us smokers, and blocking porn will make us prostitutes," said @ariunbileg.

The critics on Mongolian social media view the blocking of porn sites to be a violation of internet freedom, which will lead to further limitations to cyber freedom.

Some 166 "blacklisted" sites were named by the Mongolia Communications Regulatory Commission, Intellectual Property Community, Criminal Police Department, and Fair Competition and Consumer Rights Protection Agency.

According to the authorities, the sites were blocked because they violated the laws on obscenity, children's rights, intellectual property protection, fair competition, consumer rights, advertising regulations and the Criminal Code.

The list of blocked sites are available at black-list.mn.

Link to article

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Business

Mongolia seeks to return revoked "106" licenses back to or compensate owners

August 26 (business-mongolia.com) "106" exploration licenses will be issued to its original owners. (Mogi: ummm, not exactly)

Thanks to the approval of the amended Mineral Law of Mongolia, Ministry of Minerals informed that widely criticized "106" mining and exploration licenses can be issued in accordance with the adopted law.

Previously, three level courts of Mongolia (district, city/aimag court and Supreme Court) made conclusion that action of 106 license issuance without tender selection procedure was illegal. As result, former Chairman of the Mineral Resource Authority was sentenced. Therefore, the Government issued resolution #16 to approve "the regulation on announcement of tender bid of 106 mining and exploration licenses", in order to compensate the previous owners.

It is said that the regulation covers all aspects of the tender bidding procedure, including evaluation process, providing of equal treatment, evaluation committee and so on.

Mr. B.Batkhuu, Director of the Policy Implementation Coordination Department of the Ministry of Minerals, said that "According to the regulation, bidders shall place 30% of the total bid in the corresponding account. If bidder is granted the license, it shall place the remaining 70% to the account. If the previous owner fails to be selected, it shall be compensated with the bidding payment and considered as to be compensated. If the previous owner wins the bid, it can continue its exploration works immediately."

Previous owners shall confirm its expenditure based on their financial report and statement to the tax department and with the confirmed expenditure will become the bottom-line of the bid. The first tender bid on 14 exploration licenses with confirmed expense is ready to be announced. In the first tender bid lot, the previous owners shall not need to place tender security payment.

Brief information of the first lot (14 licenses):

These 14 licenses are located in 5 aimags' territory with 163,565.05 hectares:

- in Bayankhongor aimag 6 licenses

- in Dornogobi aimag 3 licenses

- in Dundgobi aimag 1 license

- in Umnugobi aimag 1 license

- in between Dundgobi and Umnugobi aimags 1 license

- in Khovd aimag 1 license

- in Ulaanbaatar City 1 license

The smallest license has 94.49 hectare exploration area, and the biggest one has 56,098.52 hectare area.

Link to article

 

Mongolia: Coal, Oil, Copper Concentrate Exports Rise 26%, 46%, 100% in First 7 Months

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) In the first seven months of this year, Mongolia produced 565.7 thousand tons of copper concentrate, exploited 12.6 million tons of coal, 4.3 tons of gold and 222.9 thousand tons of fluorspar.  

Moreover, the country produced 3.7 million tons of iron ore, 56.4 thousand tons of zinc concentrate and exploited 4.0 million barrels oil.

Against the same period of 2013, the exploitation of copper concentrate increased 45.4%, iron ore--by 18.0%, fluorspar--by 51.9% and oil--by 53.9%.

Mongolia exported 10.4 million tons of coal, 703.9 thousand tons of copper concentrate, 1.8 thousand tons of molybdenum concentrate, 176.6 thousand tons of spar, 3.1 million tons of iron ore, 53.2 thousand tons of zinc, and 3.8 million barrels of oil.

The coal export rose by 25.8%, oil--by 45.7% and copper concentrate--twice against the export size of 2013. Thus, money of 624.7 billion has been placed in the state budget by the mining sector. 

Link to article

 

China grants RMB 1.3 billion aid & US$1 billion soft loan in developing Mongolian mining sector

August 27 (business-mongolia.com) "Transparent Mining" regular press conference is organized by the Ministry of Mining.

During the press conference, officials provided detailed information on the agreements signed during the Chinese Chairman Xi Jinping.

"Within the framework of the joint statement on development of the profound strategic partnership relations between Mongolia and China, over 20 documents were signed and railway transit transport agreement, medium term program of development of the trade and economy cooperation between two countries were the most important documents" stated by the Ministry officials.

During the visit, grant aid of 1.3 billion RMB to the development of the mining sector and 1 billion US$ soft loan or purchase agreement was signed. 

Link to article

 

Japan to Introduce Geothermal Heating Technology to Mongolia

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) The State Secretary of the Ministry of Energy D.Delgertsogt Wednesday met a delegation led by Mr Kodama Toshihiro, a director of the Hokkaido Governor's Office of International Business and Economic Affairs.

A cooperation memorandum was established in September of 2013 among this Ministry, the Ministry of Industry and Agriculture, Japan International Cooperation Agency (JICA) and the Sorachi social and ecological institute of Japan to introduce in Mongolia the Japanese technology of exploiting soil heat.

At the meeting, the sides discussed a project to be implemented in accordance with the memorandum and with participation of the Energy Ministry on expanding collaboration between Mongolia and Japanese Hokkaido Prefecture.

Present at the meeting were also Takeno Naoto, a chair of the international cooperation department of the Hokkaido branch of the Ministry of Economy, Industry and Trade; Shinji Yoshimura, a researcher at the Hokkaido Governor's Office of International Business and Economic Affairs.; and Eda, a project coordinator.

Link to article

 

Altanbulag-Zamyn Uud Highway plans move forward

August 27 (news.mn) Mongolia and China announced the launch of the "Steppe Road" project during Chinese President Xi Jinping's state visit to Mongolia last week.

The foundation of the "Steppe Road" project will be laid in September. This will be the start of a massive project to build a highway that connects Altanbulag-Zamiin Uud.

Chinggis Land Development Group-New Development Road partnership was selected for project coordination of the 1,000 km highway construction project to be complete in two to three years. Mongolia joined the Asian Highway Network, signing the Intergovernmental Agreement on the Asian Highway Network with members of the United Nations Economic and Social Commission for Asia and the Pacific, on April 26, 2004.

The Asian Highway Network, or the Great Asian Highway, is a 141,000 km network of roads running across 32 countries. Mongolia will be responsible for building roads on AH3, AH32 and AH4 within its territory.

The previous Government of Mongolia and State Property Committee announced an open tender for the Altanbulag-Zamiin Uud highway project on AH3 of the Asian Highway Network in 2011. Chinggis Land Development Group-New Development Road was selected from a number of national and foreign companies and banking financial institutions.

As the project coordinator, Chinggis Land Development Group signed a concession contract on the highway's construction. This means the group will be the owner of the highway from 2015 to 2040. The project coordinator will transfer the road's ownership to the State in 2040 according to the concession contract.

Link to article

 

Mongolia meeting domestic wheat demand with subsidized loans

August 27 (Mongolian Economy) Farmers were given fuel, wheat and fertilizer to help meet domestic wheat demand. This formed a part of the Ministry of Manufacturing and Agriculture's campaign to fully supply the domestic wheat market. This year wheat plantations occupied 315.6 hectares of land throughout the country. For these plantations 2.7 tonnes of fuel for 724 enterprises and farmers, 93,000tonnes of wheat seeds for 290 enterprises and farmers, 152.7 tonnes of plant protecting substances for 322 enterprises and farmers and 215 tonnes of fertilizer for 57 enterprises was provided as a loan with a 20-50 percent deposit required.

With the purpose to improve quality and supply of vegetables, 10 types of vegetable seeds worth MNT 120 million was also distributed among farmers. Apart from plantations hit by a summer hailstorm in Selenge, Bulgan and Khuvsgul provinces – totaling 2,859 hectares – this year's harvest is going according to expectations. 

In addition to this, tractors worth USD 12 million will be purchased from China. The Ministry of Economic Development and The Export and Import Bank of China have started the cooperation for delivering the equipment, which is expected to arrive this winter.

This year, Mongolia's vegetable demand has reached 240,000 tonnes of which 50 percent can potentially be supplied domestically, said the Ministry of Manufacturing and Agriculture. Minister Tuvdendorj SH. said the price of 1 tonne of wheat should cost no more than MNT 460,000.

According to officials, for next year's plantation 4,101,000 tonnes of seed, for national seed reserves 79,000 tonnes of seed, for forage 254,000 tonnes and for alcohol production 10.1 tonnes will be utilised from the total harvest. The remaining wheat, 3,196,000 tonnes, will be for flour production. To meet annual domestic flour demand 320,000 tonnes of wheat is needed.

Link to article

 

Mongolia Starts Manufacturing LED Lights

By B. Amarsaikhan

Ulaanbaatar, August 27 (MONTSAME) The "TD LED" LLC has started to manufacture LED lights, which are considered a very economical modern lighting system in terms of finance and ecology.

The company, located in Govil baga in Erdenet city of Orkhon aimag, imports main parts such as chips and transformers from the USA, Germany, Taiwan and Singapore, and assembles the LED lights itself.    This factory employs six workers so far and is ready to supply wide range of products--for home and office use, for street lightening and factories, in 1-20 and 30 watts.

An official opening of the factory will run on September 11. The company's products have insurance and are guaranteed for 3-5 years.

Link to article

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Ulaanbaatar

Will UB host Universiade-2033?

By B. Amarsaikhan

Ulaanbaatar, August 27 (MONTSAME) The Mayor of the UB city has received Claud-Louis Gallien, a president of International University Sports Federation (FISU). 

He expressed an interest in organizing Universiad-2033 festival in Mongolia. It is a common standard of big cities to organize Universiade, prior to obtaining the right to become the Olympic Games host city. For example, Moscow after Universiad-1973 organized 1980's Olympic Games, Beijing also got the right to organize the 2008 Olympic Games after hosting Universiade-2001.

So, this event has become a criterion for selection of the host city of Olympics. It can be said that the preparation for hosting the Universiade-2033 in our capital city has begun as the regular meeting of FISU steering committee is taking place here. The meeting is to complete on August 28.

Link to article

 

Ulaanbaatar Announces Weekend Bicycle Tour-Holiday at Khui Doloon Khudag, August 30-September 28

August 27 (infomongolia.com) As part of celebrations the 375th anniversary of the capital city in 2014 and Friendly Ulaanbaatar Program implementation, the UB Administration is organizing "Healthy Citizen - Eco Development" program in two stages.

The first phase is a Bicycle Tour-Holiday at Khui Doloon Khudag, Tuv Aimag from August 30 to September 28, 2014 and the second is Snow Festival from December 01 to March 13, 2015.

In the scope of the first program, bicycle tour, sales, renting, repair shop as well as other sporting activities will be organized such as bicycle x-treme sporting, street basketball, sand volleyball and a mini-park for children on every weekend between 10 o'clock in the morning and 08:00 pm.

Moreover, free-buses will be serving from State Academic Drama Theatre to Khui Doloon Khudag every two hours and the opening ceremony will be held at 11:00 am on August 30, 2014.

Link to article

Related:

Outdoor events and cycling at Khui Doloon Khudagnews.mn, August 27

Bicycle trips on weekendsMontsame, August 27

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Diplomacy

South Korea: Ministerial talks boost partnership with Mongolia

(Mongolian Foreign Minister Luvsanvandan Bold, center left, and Korean Foreign Minister Yun Byung-se, to his right, stand together on Tuesday before bilateral talks in Ulaanbaatar. Provided by the Ministry of Foreign Affairs)

August 28 (Korea JoongAng Daily) Korea and Mongolia agreed to set up their first ministerial-level consultative committee to discuss bilateral issues and economic cooperation, as well as to bolster their comprehensive partnership ahead of the 25th anniversary of the establishment of diplomatic relations next year, according to the Ministry of Foreign Affairs here.

Mongolian President Elbegdorj on Tuesday also expressed "strong support" to Foreign Minister Yun Byung-se for Korea's Eurasia Initiative, President Park Geun-hye's vision to boost relations between Europe and Asia. 

Yun was on a three-day official visit to Mongolia, which concluded yesterday. 

Additionally, Elbegdorj said he supported the proposal for a consultative channel on nuclear safety in Northeast Asia. 

Yun conveyed to the president his hopes that Mongolia, "as a country that succeeded in its regime transition, will share its experience with North Korea," to which Elbegdorj communicated a willingness on Mongolia's part to induce change in Pyongyang and help to curb the North's nuclear program. 

Mongolia is a strategically significant country in Eurasia. 

President Xi Jinping held a summit on Tuesday with Elbegdorj, the first visit by a Chinese president to Ulaanbaatar in 11 years. Japanese Prime Minister Shinzo Abe paid an official visit to the country in March, and Russian President Vladimir Putin will take a trip to Mongolia next month. 

On Tuesday, Yun also met with Prime Minister Norov Altankhuyag and held talks with his Mongolian counterpart Luvsanvandan Bold on fostering the two nations' comprehensive partnership, which was established in 2011. 

Along with establishing regular meetings for a newly formed joint committee, the two ministers agreed to boost high-level exchanges and host commemorative events leading up to next year's celebrations to mark the establishment of diplomatic ties in 1990. 

They also agreed on the need to expand the role of Korean companies in developing resources and building infrastructure in Mongolia, Seoul's fourth-largest trading partner.

Link to article

 

Chinese Culture Week opened in Mongolia

(President Xi Jinping's wife Peng Liyuan and Mongolia President Elbegdorj's wife Bolormaa together attended the ceremony for Chinese Culture Week. [Photo/weibo.com])

August 27 (ChinaCulture.org) President Xi Jinping's wife Peng Liyuan and Mongolia President Elbegdorj's wife Bolormaa together attended the ceremony for Chinese Culture Week, which celebrated the 65th anniversary of diplomatic relations between China and Mongolia and the China-Mongolia Friendship and Exchange Year. They cut the ribbon for the ceremony, enjoyed a performance by Mongolian artists, attended the China Dunhuang Art Exhibition and saw the Dunhuang mural copies and replicas of clay sculptures and instruments.

Cai Wu, minister of Chinese Cultural Ministry, addressed at the ceremony that President Xi and Mongolia President Elbegdorj issued a joint declaration on 21 Aug that agreed to raise the bilateral relations to the level of all-round strategic partnership. At this historic moment, hosting Chinese Culture Week was not only to salute to each other's culture and art by friendly exchanges, but also to commemorate the 65-year-long diplomatic relations between the two countries and express people's firm confidence to build a bright future. The Silk Road is a friendly road connecting history and reality, which has spread Chinese art and culture to the world. As part of the Silk Road culture, the Dunhuang frescoes can promote the exchange and cooperation between China and Mongolia.

Oyungerel, minister of the Mongolian Ministry of Culture, Sports and Tourism, said that the cooperation between China and Mongolia boasts a profound and age-old history, and has made continuous progress in the new century. Mongolian people respect Chinese culture, which has a history of several thousand years. Many Mongolian young people have pursued further study in China to study Chinese culture and have made contributions to the continued growth of Mongolian culture. He believed that the fine tradition would achieve sustainable development in the future.

The opening exhibition of Chinese Culture Week was co-hosted by China Arts and Entertainment Group, China's Dunhuang Research Academy and Mongolian National Gallery of Art, and was supported by Regong Painting Academy of Qinghai province. Mural copies and replicas of clay sculptures and instruments collected by Dunhuang Research Academy and about 100 Thangka works created by Regong Painting Academy were displayed.

On Aug 22, an art exhibition on Chinese tea culture, From Beijing to Ulan Bator, opened in the Chinese Cultural Center in Ulan Bator. The exhibition was an elegant experience of Chinese culture.

Apart from the exhibition, a comprehensive art group sent by the cultural department of Jilin province will hold two performances at Mongolian National Palace of Culture on Aug 26-27. Cultural week will close on Aug 30. And this year, Mongolia will also hold a "Mongolia Cultural Week" in China.

Link to article

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Social, Environmental and Other

UNDP Human Development Report 2014 to Be Presented in Mongolia

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) A meeting will run Thursday at Mongolia's State University (MSU) to present the Human Development Report-2014 entitled "Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience".

At the action, co-organized by the United Nations Development Programme (UNDP) and the MSU, reports will be delivered and presentations made. The meeting will be chaired by Dr N.Batnasan, Dean of Business School at the MSU.

The opening remarks will be made by Mr Thomas Eriksson, UNDP Deputy Resident Representative in Mongolia; Dr A.Galtbayar, the MSU rector; and Mr D.Battsogt MP, a head of the parliamentary Standing committee on social policy, education, culture and sciences.

The presentations will be made by Dr Saurabh Shina, UNDP senior economist, and by Dr Ch.Khashchuluun from the MSU department of economics.

Link to article

 

Batchimeg Tuvshintugs stuns Koneru in women's chess to take joint lead

by Moni Mathews (moni@khaleejtimes.com)

The final leg of the World Chess Federation (Fide) Women's Grand Prix offers E60,000 for the tournament and E90,000 total cash prizes for the Grand Prix. 

27 August 2014 (Khaleej Times) Batchimeg Tuvshintugs of Mongolia upset pacesetting Koneru Humpy of India to take a joint four-way early lead in the Fide Women's Grand Prix at the Sharjah Chess Club, near the Sharjah International Airport in Sharjah.

Women's world champion Hou Yifan of China kept her form and reputation intact  when she outplayed Nafisa Muminova of Uzbekistan while comptriot Zhao Xue downed another team-mate Zhu Chen. Harika Dronavalli of India outplayed Alina L'Ami of Romania to go up early in the world series championship that will decide the challenger for the next title round against the world champ.

The games between China's Ju Wenjun and Anna Ushenina of Ukraine and between Elina Danielian of Armenia and Tatiana Kosintseva of Russia ended in draws.

The final leg of the World Chess Federation (Fide) Women's Grand Prix offers E60,000 for the tournament and E90,000 total cash prizes for the Grand Prix.

According to veteran chess arbiter and analyst Casto Abundo: "Indian Grandmaster Koneru Humpy leads the Fide Women's Grand Prix series going into the last leg of the 6-tournament series. Games start 3pm daily with rest days on August 29 and September 3."

"Twelve players are competing in a single round robin of 11 rounds. In the Women's Grand Prix, each player plays in four of the six Grand Prix tournaments, but only the best three results count."

The player accumulating the highest number of points will get the right to Challenge the Women's World Champion in a match next year. If the same player wins both events, the second placed in the Grand Prix circuit will become the Challenger.

In Sharjah's opening round, Hou Yifan used the Sicilian Defense and sacrificed the exchange to pry open the castled king of Muminova to force resignation on the 42nd move. Zhao Xue used the Queen's Indian Defense and created passed pawns on both wings to threaten promotion and win in 68 moves.

Koneru Humpy used the Colle System but was forced to give her Queen for two Rooks in the middle game. Batchimeg Tuvshintugs was set to win more material when Koneru resigned on the 36th move.

Harika Dronavalli of India essayed the Queen's Gambit Declined and created two connected passed pawns on the queenside.

She advanced the pawn and was about to promote it when Alina L'Ami of Romania resigned on the 56thmove.

Before the final leg in Sharjah, Koneru Humpy led the Grand Prix with 370 points followed by reigning women's world champion Hou Yifan with 365.

Koneru won the previous Women's Grand Prix tournaments held June last year in Dilijan, Armenia and repeated her victory in the next leg, September in Tashkent, Uzbekistan. Koneru tied for 7th last June in Lopota, Georgia which was won by Hou Yifan.

Other previous Women's Grand Prix tournaments in this series were held in Geneva, Switzerland and Khanti Mansiysk, Russia.

Games are broadcast live through the www.fide.com site with live video coverage and post-game interviews of players.

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Mongolian Takes Silver from 2014 Summer Youth Olympic Games

August 27 (infomongolia.com) The 2014 Summer Youth Olympic Games are being held in Nanjing, PR of China on August 16-28, where about 3,600 teenagers from 201 nations are competing for 222 events in 28 sports.

At this second Summer Youth Olympics, Mongolian National Youth Team was represented with five athletes namely Ts.Tsogtbaatar (Men's Judo), Ts.Khulan (Women's Judo), B.Dulguun (Women's Freestyle Wrestling), N.Angirmaa (10m Air Rifle Women), and M.Ankhtsetseg (Women Weightlifting).

All events are nearly finished and after overall results, Mongolian team achieved a Silver medal by Bolormaa DULGUUN in the Women's 46 kg Freestyle Wrestling. As of other young athletes, M.Ankhtsetseg finished her contest standing at the 4th place, Ts.Khulan at the 7th and N.Angirmaa at the 8th place.

In the 2010 Summer Youth Olympic Games held in Singapore, Mongolian Youth Team grabbed two Gold medals by G.Erdenebold (Men's Gymnastics) and B.Battsetseg (Women's Freestyle Wrestling).

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FISU Steering Committee meeting begins in Ulaanbaatar

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) A regular meeting of the International University Sports Federation's (FISU) Steering Committee kicked off Tuesday in Ulaanbaatar city.

The Minister of Culture, Sport and Tourism Ms Ts.Oyungerel addressed the FISU Steering Committee meeting. Ms Oyungerel expressed thanks to the FISU for organizing its Steering Committee meeting in Mongolia, and underlined that it was an expression of widening of the Mongolian external ties in sport sector. She also noted that Mongolia has an ambition to host the Summer Universiade of 2033,"it coincides with our President's appeal to host the 2040 Summer Olympic Games".

The Minister said Ulaanbaatar will host university world and Asian championships for some kinds of sports, for instance, Mongolia has got a right to organize the 2016 World University Archery Championship.

The meeting brought together Claude-Louis Gallien (France), the FISU president; O.Matytsin (Russia), the first deputy president of the FISU; S.Berg (Sweden), L.Kabral (Brazil), Zhang Xinsheng (China) and Leonz Eder (Switzerland), the FISU vice presidents; and other high-level officials.

Agendas of the Steering Committee meeting are strategy, policy and activities of university sports, outcomes of university games and championships, planning and monitoring issues, preparation for the 2015 FISU General Assembly, the FISU financial matter, resolving ongoing problems, agendas for the next Steering Committee's meeting and their orders.

The meeting will continue until Thursday.

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Training to be held for journalists on combating doping

By B. Khuder

Ulaanbaatar, August 27 (MONTSAME) A training for journalists entitled "Anti doping actions" will be held Thursday in the headquarters of the Mongolian National Olympic Committee (MonNOC).

This training is held in a scope of the "Anti doping activities in Mongolia" project implemented by the Ministry of Culture, Sport and Tourism, with a financing from the Fund for Combating Doping in Sports at the UNESCO.

It is expected the training will attract some 40 sport journalists from over 20 organizations.

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IFRC: Bridging the sanitation gap in Asia Pacific

(The Mongolian Red Cross Society provides advice and materials for new latrines. Where needed, volunteers help construct them. Bat-Erdene Ulziibaatar/MRCS)

By John Sparrow, IFRC

August 26 (IFRC) In summer, Bolormaa, 5, and Ariunaa, 2, often have diarrhoea. It worries the little girls' father, Batbayar Gezegt, a hardworking man and former herder who, like hundreds of thousands of other pastoralists, has been forced from the Mongolian countryside by extreme weather cycles. 

Since he lost all his animals to dzud – an extended natural disaster that begins with summer drought and a shortage of pasture and culminates in the severest of winters – he has lived with his wife and four children in an Ulaanbaatar shantytown. It is one of many deprived areas around the Mongolian capital which is now home to almost half the country's total population.  

The unremitting flow of rural people has overwhelmed the urban infrastructure and poor access to clean water and decent sanitation has been reflected in a worrying increase of contagious disease over the past two decades. Batbayar's plight is a common one. His home, a ger – the traditional tent dwelling displaced herders have spread across the city's outlying hillsides – is in a compound without a latrine. 

"We have urban district's where, at most, 15 per cent of the population has proper sanitation," explains Bolormaa Nordov, Secretary General of the Mongolian Red Cross Society (MRCS). "On top of that, only 21 per cent of our households are connected to a water supply and less than half the population has a reliable source of drinking water." 

This urban sanitation challenge is the subject of an International Federation of Red Cross and Red Crescent Societies workshop being held in Ulaanbaatar from 26 to 28 August. It will look at how Red Cross and Red Crescent National Societies can strengthen their capacity to deliver appropriate and sustainable sanitation, and help bridge what is clearly a sanitation gap. 

The background statistics are grim. Around the world, more than 2.6 billion people still live without basic sanitation. Some 1.8 billion of those are in the Asia Pacific region and in South Asian countries like India, Pakistan, Nepal and Bangladesh; more than 700 million in total still defecate in the open. Progress towards meeting the Millennium Development Goal of access to basic sanitation for all by 2015 is woefully off track, with communities left vulnerable to a multitude of health risks and disasters. Diarrhoea is the leading cause of illness and death around the world, the UN reports, with 88 per cent of diarrhoeal deaths due to water and sanitation shortages, and poor hygiene.

For more than a decade now, the Mongolian Red Cross, in partnership with the Netherlands Red Cross, has worked to turn Mongolia's plight around in some of its most troubled communities. Over the past three years alone, 60,000 people have benefited from new Red Cross water sources and the provision of latrines, and the MRCS has installed or improved indoor sanitation in schools and kindergartens. Importantly, it has trained children and parents in good hygiene practise, an issue that has been introduced into school curricula.

Things are also about to change for Batbayar Gezegt. He has started work on digging a pit for a ventilated latrine. The Red Cross is providing the design and materials.

It is a wise investment. Apart from anything else, preventing disease through improved sanitation saves on curative and developmental losses. According to a recent World Health Organization study, every dollar spent generates an average economic benefit of $7.

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Local 'Denan Project' Members Visit Hospital Project in Mongolia

ROXBURY, August 27 (Litchfield County Times) – Three Litchfield County representatives from the Woodbury-based charity The Denan Project recently returned from Mongolia, where they met with staff and patients of a new hospital to which the charity provides critical support.

Dick Young, founder and president of the project and long-term Roxbury resident, made the trip with Washington residents Jeffrey Barist and Richard Wool as well as other TDP volunteers.

The hospital is in Tariat, an isolated village approximately 400 miles from Ulan Bator, the country's capital. The new hospital replaced a dilapidated 1960's Soviet-built facility. The journey, made by four-wheel drive trucks, across dirt roads and rutted tracks, took 17 hours of hard driving, following a nearly 24-hour long trip by plane.

The Denan Project, established by Young in 2004, provides health care, education and other critical assistance to highly disadvantaged people living in poor, remote areas of Mongolia, Ethiopia, Peru and Burkina Faso, giving medical services free-of-charge to more than 50,000 people treated annually.

The charity has been critical in moving the Mongolian government to recognize the need for a new hospital and allocate the necessary resources. Working with its partner, Save The Children Japan-Mongolia, the Denan Project has provided funds necessary to purchase essential medicines, provide heat in winter (when temperatures can reach 40 degrees below) and materials for public-health initiatives.

Educational materials have been written in Mongolian and distributed by local medical personnel to people without the most rudimentary knowledge of the harmful effects of smoking, alcohol-consumption and a diet consisting of mainly fatty meat and dairy products.

"It was extremely gratifying to see the fruits of The Denan Project's efforts in Mongolia," said Young. "TDP was founded 10 years ago to help bring isolated, rural communities access to free medical care, as well as to provide education, agriculture, water resource development, food security, and microcredit loans. The importance of medical facilities and services like these can't be overstated."

The immediate Tariat area has a population of approximately 3,000, but the hospital serves more than 30,000 people annually, most of them coming from outlying areas.

Through the support of The Denan Project, health problems have been greatly reduced. In fact, at a meeting with Gandiimaa Riimaasdi, the director of the Provincial Department of Health and Hospitals, TDP volunteers learned that infant and child mortality rates have decreased by 150 percent since TDP involvement began in 2010.

"What I saw was a real partnership, where western philanthropy was being well used by dedicated indigenous practitioners," Barist said.

Richard Wool added, "What impressed me most was the incredible accomplishment of the The Denan Project in helping to bring quality health care and dietary information to a region where it never existed."

"I am extremely proud to point out that 97 percent of TDP's funds to go directly to its projects," Young said. "Our all-volunteer organization has no overhead costs and minimal expenses, and TDP's supporters pay their own way to make visits to our charity's various projects around the world. Only through our supporters' generous contributions can we make such a real and impactful change, even on the other side of the globe."

Young said that as proud as he is of the group's accomplishments over the past 10 years, much work is still needed.

" Although the new hospital is a great improvement over the previous one, it still lacks central plumbing as well as important medical equipment such as an autoclave to sterilize vital surgical instruments," he said. "Anyone interested in donating or becoming a volunteer in our organization would be most welcome to speak to me or my fellow travelers about our charity's work and the meaningful change it is bringing to some of the world's most impoverished and isolated communities."

Young encouraged readers to visit www.thedenanproject.org or to contact him at dick@dickyoungproductions.com for more information.

The Denan Project is a 501(C)(3) non-profit organization based in Woodbury with the mission of providing health care, education and other critical assistance to highly disadvantaged people living in poor, remote areas of Ethiopia, Peru, Burkina Faso, and Mongolia.

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Oakham School pupils scale Mongolian summit

August 26 (Rutland Times, UK) Pupils from Oakham School have successfully climbed Mongolia's highest mountain during a summer holiday trip of a lifetime.

Twenty pupils travelled to Mongolia and China for the month-long expedition, which gave students the chance to immerse themselves fully in the culture and landscape of these fascinating countries.

The pupils started their adventure in the capital, Ulaanbaatar, during the country's biggest festival, Naadam, which consists of three tournaments: Mongolian wrestling, horse racing and archery. As well as watching the games, the group were also able to see the spectacular opening ceremony which involved wrestlers, dancers, cavalry and flying eagles.

After being interviewed by a local Mongolian TV crew, pupils then made an attempt to climb Mongolia's highest peak, Mount Khüiten (4374 metres), in the remote Altai Tavan Bogd National Park, which straddles the China, Russia and Mongolia borders. It took the pupils three days to drive on rough dirt track roads to the inaccessible National Park to begin their challenge. Carrying all their own equipment (tents, stoves, food and climbing kit), the group then trekked from base camp to high camp situated at 3,300m.

The team split into two groups, but unfortunately the second group missed their chance to climb the summit due to severe weather forcing them to abandon their attempt. This was after enduring eight hours of terrible weather conditions at high camp. The majority of the first group were successful in reaching the summit, despite the weather trying to cut the attempt short. The round trip took seven hours in total, but eight pupils, as well as their team leader, eventually made it!

Steve Gorman, Outdoor Activities Coordinator at Oakham, who had arranged the trip and led the group to the summit, said: "This was a very challenging peak which all should be proud of achieving. The East Ridge is quite technical with much of the climbing on steep snow and ice, involving crampons, ice axes, ice screws and ropes, and the crossing of several deep crevasses."

Gregory Sale, from Seaton, said: "Starting the day under the most incredible night sky, all the way through to surveying the mountain ranges of four countries at the summit, made the climb one of the most rewarding things I've ever done".

As well as scaling mountains, the pupils took part in an amazing wilderness experience, where they had the chance to trek, ride horses, try their hand at herding, and go canoeing and mountain biking. At this point during the trip, the group were joined by children - who took part in all of these experiences alongside them. These 12 children were specially selected to join the party as a reward for their hard work and academic achievements. The pupils from Oakham learnt about their lives and culture and also visited a local school to help teach a variety of subjects.

They were able to learn even more about Mongolian culture when they spent a night in a traditional Mongolian ger (a large round dwelling) with some Kazakh families, where they got to experience their lives first hand.

During their month-long expedition, the pupils also got the opportunity to take the Trans Siberian Express to Beijing where they spent a day trekking along the Great Wall of China.

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Mohanik to Stage at "V Rox" International Music Festival in Russia

August 27 (infomongolia.com) The second international music festival "V ROX" is going to be held in Russia, where more than 200 musicians, music industry professionals, translators, writers and journalists from China, France, Georgia, Germany, Japan, Mongolia, South Africa, South Korea, United Kingdom, United States and host Russia are to gather in Vladivostok on August 29-31, 2014.

Upon invitation six bands are to stage their 30-minute concerts including Skindred (UK), Queen Sea Big Shark (China), Galaxy Express (South Korea), Buffalo Daughter (Japan), Mohanik (Mongolia) and Mumiy Troll (Russia).

Moreover, musicians from Georgia (Asea Sool), Japan (Broken Haze and Mothercoat), China (Candyshop, Cold Fairyland and Mr. Sea Turtle), South Korea (Dead Buttons, Hellivision, Idiotape and OOpsNice), USA (Flash Bastard and Mykki Blanco), UK (The Ghosts and These Reigning Days), UK-Germany (Jim Kroft), South Africa (Shadowclub) and over 20 musicians from Russia's Yekaterinburg, Moscow, St. Petersburg and Vladivostok cities are to participate.

Mongolia's Mohanik will perform their concert at 08:00 pm on August 29 at Main Stage and another 30-minute performance on the following day at 11:00 pm in a Club in Vladivostok.

Mohanik Members

Tsaschikher DAVAAJARGAL - Vocals/Guitar

Sambalkhundev TSOGT - Vocals/Lead Guitar

Otgonbaatar ENERELT - Bass

Ganbaatar BATBAYAR – Drums

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