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Tuesday, January 3, 2017
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Headlines in Italic are ones modified by Cover Mongolia from original
XAM trading -9.5% midday at A$0.19
Xanadu Mines (ASX:XAM) chairman, Mark Wheatley, has purchased 38,400 shares on-market for a consideration of $7,680.
January 3 (Proactive Investors) The purchase increases Wheatley's stake to circa 2.56 million shares.
The purchase follows the recent on-market purchase by non-executive director, Darryl Clark, who purchased 50,000 shares on-market.
Xanadu is the owner of Mongolia's largest undeveloped copper-gold deposit, has committed to spending more than $4.5 million on exploration across its advanced porphyry copper-gold projects in the world class South Gobi porphyry Belt in 2017.
The planned exploration programs, among the largest to be undertaken by a junior ASX-listed exploration company next year, will target the discovery of additional copper-gold deposits on the company's South Gobi porphyry projects at Kharmagtai and Oyut Ulaan.
Xanadu has already defined over 1.5 million pounds of copper and over 2 million ounces of gold resources at its flagship Kharmagtai copper-gold project.
January 2 (MSE) --
Reds are when MNT fell, greens when it rose. Bold reds are rates that set a new historic high at the time.
USD (blue), CNY (red) vs MNT in last 1 year:
January 2 (Bank of Mongolia) BoM issues 1 week bills worth MNT 211.3 billion at a weighted interest rate of 14.0 percent per annum /For previous auctions click here/
January 2 (Bank of Mongolia) --
January 2 (MONTSAME) On December 28, the Parliament approved a resolution on "Taking certain measures regarding Development Bank of Mongolia". Currently, a total asset and loan portfolio of Development Bank of Mongolia amounted Tgs 7 trillion and Tgs 5.9 trillion respectively and the existing financial performance showed that ratio equity over loan portfolio might not be met the prudential level requirement.
Therefore, the Government submitted the draft resolution to immediately prevent the risks that may arise. According to the resolution, the Development Bank's capital has been raised by Tgs1 trillion and the loan portfolios that would be repaid from the State budget were transferred to the Ministry of Finance. The Development Bank has financed some 2000 programs and projects since its establishment in 2011.
January 2 (news.mn) The national monthly minimum wage is to be increased annually. The decision comes after three-party negotiations between the labour unions, employers and the Government of Mongolia. As of 1st of January 2017, the national minimum wage have been increased to 240,000 MNT or 25 percent.
Nationwide, up to 7 percent of all workers in Mongolia, receive the minimum monthly wage.
Minimum wage increases by quarter – Montsame, January 2
January 2 (gogo.mn) Minimum monthly wage has been set to 240,000 MNT from 192,000 MNT starting Jan 1st, 2017.
As a result of persistent demand by the Confederation of Mongolian Trade Union, minimum monthly wage has increased by 25 percent.
In this regard, amount of civil fines and penalties in Mongolia have increased by 25 percent.
According to the law of Mongolia, fines and penalties are based on the minimum monthly wage.
For instance, penalty for driving vehicle with an expired inspection sticker may result in fines between 120,000 MNT, equal 50 percent of the minimum monthly wage.
January 2 (gogo.mn) State Great Khural of Mongolia have revised and amended several draft laws in 2016. Here's a look at the laws that take effect on Jan. 1, 2017.
LAW ON ORGANIC FOOD
The purpose of this law is to regulate all aspects on organic agriculture, production of organic food, feed and fertilizer, their certification, trade, import, use of organic logo and advertisement.
This law shall apply to agricultural originated organic food, unprocessed raw materials and products, natural plant originated organic food, organic feed, organic fertilizer and seed and seedlings.
Main provisions of the law:
- Food and feed is considered as organic if 90 or above percent of ingredients are organic.
- Organic producer shall be responsible for the following duties: implement activities defined in contract with the certification body as per 6.2 of this law; develop and comply with technology that conserve natural characteristics of food raw material and product nature and has no negative impact on human and animal health and environment; based on internal resources, use no waste or law-waste technology, utilize water rationally; shall inform certification body and specialized inspection body in written form within 10 working days if entire organic production or specific product production is closed.
- Cabinet member responsible for food and agriculture shall approve design of logo, mark of organic product and its application procedure.
- The following are prohibited in organic production, in addition to 1 0.3 of law on Food safety: use radiation in processing of organic food; utilize household and industrial waste, and mud from treatment facility of city; utilize animal, its offspring produced by cloning; utilize modified organism its originated ram material, product and growth hormone.
- The following body shall execute certification for organic production and organic food, feed and fertilizer: certification body accredited by an authorized body of Mongolia; a foreign accredited body registered in Mongolia.
- To trade imported organic food in Mongolia the following requirements shall be met in addition to 9.1 of this law: shall be registered and listed in accordance with 16.2 law on food; shall have valid certification issued by export country certification body determines product as organic.
- Specialized agency shall compile facts on control of import and export of organic food and submit to the central state administration body responsible for food and agriculture quarterly.
State Great Khural of Mongolia has approved Legislation Law on May 29, 2016 and it has projected to be enforced from Feb 10, 2016.
However this law came into effect from Jan 1st, 2017 in order to provide law enforcement.
The purpose of this law is to ensure progress of legislation to initiate, processing legislation, improving quality, ensuring public participation, determining the requirements for draft legislation, studying the needs and requirements for legislation and assessing implementation effectiveness of legislation.
LAW ON DOMESTIC VIOLENCE
Mongolia's first-ever Law on Domestic Violence was approved in 2004. Although considered an important first step in addressing the long-ignored issue of domestic violence, it was largely ineffectual. It lacked adequate budgetary support and its provisions conflicted with existing laws, preventing proper implementation.
To create the proper infrastructure needed to support the Law on Domestic Violence, six other laws were amended, including the Criminal Code, Law on Law Enforcement, Law on Administrative Violations, Law on Criminal Procedure, Law on Marshals Service, and the Law on Victim and Witness Protection.
Newly amended law will be go into effect starting Feb 1st, 2017.
The law was created with the goal to make domestic abuse a criminal offense and to allow for appropriate punishments for the promotion of safety for victims and prevention of the recurrence of domestic violence. Under previous laws, domestic abuse had been considered a minor offense punishable by a fine. If the revised edition is approved, domestic abuse will be a raised to be criminal offense. The revised edition of the Law on Domestic Violence and Abuse will include a punishment of 1-3 months of imprisonment for domestic violence, 3-24 months of imprisonment for torture. Under the new law, a neighbor will be legally responsible to report domestic violence to the police if they are aware of it.
January 2 (news.mn) Nearly 6000 young Mongolian nationals have been born in foreign countries; of this number, more than 2,800 have been naturalized in the UK, USA, Germany and Canada.
In accordance with the law currently in effect, Mongolia does not allow dual citizenship. In addition, if both of the parents of a child are Mongolian then the child is automatically Mongolian. However, the child cannot maintain his or her Mongolian citizenship after turning the age of 18. For this reason, a draft amendment to the Law of Mongolia on Citizenship has been submitted to Parliament for consideration. During the period from 2001 to 2015, Mongolian citizenship was restored to a total of 1747 young nationals born in foreign countries.
At present, some 130,000 Mongolians face citizenship-related problems abroad every year. The Ministry of Foreign Affairs receives ceaseless requests, seeking a favorable legal environment for dual citizenship for Mongolians, according to Minister Ts.Munkh-Orgil. The Mongolian Parliament has been discussing the Law on Citizenship since 2009.
January 1 (gogo.mn) President Ts.Elbegdorj addressed the nation with a short speech on TV, listing the achievements of the passing year, at 11.55pm yesterday. Traditionally, President Ts.Elbegdorj toasted with a bowl of milk instead of a champaigne or vodka, appealing Mongolians to celebrate the holiday alcohol-free
We deliver you the speech of the president.
Allow me to extend the New Year's greetings and wish all the best.
The outgoing year of 2016 was full of historic events for the people of Mongolia.
In 2016, the Heads of State and Government of Asian and European countries gathered in Mongolia. Mongolia successfully and honorably hosted the ASEM Summit. A country of Asia and Europe has the opportunity to host the Summit once in a century. Leaders of Asian and European countries commemorated the 20th anniversary of the ASEM in Mongolia. Eurasian policy makers declared their policy and directions for the next decade - the Ulaanbaatar Declaration and the Chair's Statement in Ulaanbaatar the capital of Mongolia.
In 2016, the Parliamentary and the local elections were held in Mongolia. People are waiting for the elected officials and statesmen to work respecting common interests of the country, work with accountability, and work promptly, keeping people's trust.
In 2016, our outstanding athletes successfully competed in the Summer Olympic Games in Rio de Janeiro, Brazil. The pages of our pride are becoming thicker on the world stage.
On these days, we the Mongolians are celebrating the 105th anniversary of Restoration of National Freedom and Independence.
Soon we will bid farewell to 2016 and welcome the New Year. Mongolians will continue to live and create our history.
Only Mongolians will create the Mongolian beauty. It is important how to welcome the New Year, not how to bid farewell to the outgoing year. Obviously, Mongolia will move forward if we encourage our people and cooperate with each other.
Taking pride in being a Mongolian is the essential quality of a Mongolian. Mongolians love Mongolia. Mongolians who love Mongolia should contribute to the development of the country. The development is far broader than getting rich.
Mentality, patriotism, aspiration to support each other and supporting each other are the fundamental aspects of our existence. Creativity, high set of ethics, discipline and hard-working qualities will only lead Mongolia to the prosperity.
I have no doubt there are many great days and moments of pride ahead. Mongolians have a noble duty to live their lives and make their own contribution to the development of the country.
At this juncture I would like to convey my hearty New Year greetings to everyone.
I express cordial appreciation to every single person on an official service, who are serving for the wellbeing, peace and prosperity of the country at the moment.
I wish a happy New Year to all Mongolians residing overseas who work and study.
I convey my heartfelt greetings and wish a happy New Year to our foreign friends and colleagues, who live, study and work in Mongolia representing their countries and international organizations.
May our world be peaceful in 2017.
May my Mongolia's pathway towards success be clean and our achievements be enormous in 2017.
May all the people's good wishes come true in 2017.
And with this, respecting the Mongolian tradition, let me raise this silver bowl of milk to the good health, vigor, success and wellbeing of everyone.
May my Mongolia dwell eternally. Once again, I would like to wish a Happy New Year and all the best.
December 31, 2016
President of Mongolia Ts.Elbegdorj extends best wishes upon entrance to 2017 – Montsame, January 2
January 2 (MONTSAME) The 25th anniversary of the adoption of the Constitution of Mongolia will be marked on January 13, 2017.
A draft of the democratic Constitution of Mongolia was published on the media around the end of 1991, and went through two nationwide and 18 regional discussions. It also had been considered four times by the Lower House of the State Khural or the State Baga Khural.
Afterwards, the draft was analyzed by 430 deputies of the People's Great Khural of the then-Republic of Mongolia for 76 days.
The People's Great Khural has subsequently passed a Law on Constitution Day, which is observed on January 13 each year.
A commission to organize the celebration of the 25th jubilee of the Constitution of Mongolia has been formed by the Parliament Speaker M.Enkhbold.
Ulaanbaatar, January 2 (MONTSAME) On December 28, upon the Decree of the President and the Commander-in-Chief of the Armed Forces of Mongolia, the senior military ranks have been conferred.
The rank of Lieutenant General was conferred to the Chief of the General Staff of the Mongolian Armed Forces, Major General D.Davaa, the rank of Brigadier General was conferred to the First Head of the General Intelligence Agency, Colonel B.Donjchimbuu, Deputy Head of the General Department of the Border Protection, Colonel Kh.Lkhagvasuren, Deputy Head of the General Department of the Border Protection, Colonel J.Byambasuren and Head of the General Executive Agency of Court Decision, Colonel Ts.Amgalanbayar, respectively.
Ulaanbaatar, January 2 /MONTSAME/ Last week, the Office of the President and the Mongolian Academy of Sciences jointly organized a scientific conference "Mongolia's Independence-1911: History, Culture and Documents" at the Round Hall of the Mongolian National University.
Chief of Staff of the President Ts.Bayarsaikhan, Human Development and Social Policy Advisor to the President R.Bold, Director of the Institute of History and Archeology at the Mongolian Academy of Sciences S.Chuluun, teachers and historians, scientists and researchers were present at the conference.
Ulaanbaatar, January 1 (MONTSAME) The Silver Night of Ulaanbaatar show began at 18.00 of December 31 at Sukhbaatar square and saw off 2016 with the crowd gathered at the central square of the city. The show was star-studded, having seen performances of singers B.Sarantuya, Ts.Chuluunbat, G.Tenuun, A.Khishigdalai, S.Zorigt and P.Bayartsenger, The Camerton and other bands.
The Silver Night of Ulaanbaatar was directed by the director of Ulaanbaatar Ensemble R.Munkhsaikhan. The Mayor of Ulaanbaatar, Mr S.Batbold delivered an address to the residents of the capital city of Mongolia from the stage on the threshold of the new year.
The show ended with ceremonious fireworks at midnight.
January 2 (gogo.mn) The Government has approved a regulation to cut electricity night tariff for ger district households to zero, especially from 9pm to 6am, aiming at reducing air pollution of the Ulaanbaatar city.
The discount has come into effect from Jan 1st, 2017 and projected to finish on Mar 1, 2017.
Over 146 thousand residents, living in ger district will benefit the electricity tariff discount.
Every winter, the amount of particles in air has been rising, particularly in ger-areas of Ulaanbaatar city where two third of population live in houses and traditional dwellings that have no connection to the central heating system. From November to March, the citizens of Ulaanbaatar city face the worst air pollution caused by heavy coal burning.
The Government has faced MNT 3.2 billion deficit since 2015, when began providing a 50 percent night tariff discount on electricity to ger district households.
However this year, providing free electricity to ger district households at night is expected to cause MNT 25.8 billion deficit.
"Nighttime electricity tariff discount for ger district households may bring negative impact on the energy system. Residents should control and limit their energy consumption. Also residents should notice that there are limited resources and capacity of energy for production", reports Minister of Energy P.Gankhuu.
The Government has approved MNT 3.2 billion for 2017 City Budget to reduce air pollution. Of which 80 percent will be spent on night tariff discount. Further, the country is planning to use technology to produce heat with electricity and gas.
January 2 (The Quint) In May 2015, Prime Minister Narendra Modi visited Mongolia. It was the first time an Indian Prime Minister had visited the country. During this trip, Modi announced a credit line of $1 billion and talked about expanding support to the country as well as trade. Shastri Ramachandran, in The Citizen, makes the argument that not only was this support not forthcoming, but the promises led Mongolia into a crisis vis-à-vis China.
"PM Modi's billion-dollar pledge came as a big boost to Mongolia, which is locked between China and Russia, and overwhelmingly dependent on the former. Time was when Mongolia was in clover, with the Russians and Chinese competing to win them over; and Mongolia could leverage its ties with one power for bargaining with the other. If Moscow failed to respond to a felt need, Ulaanbaatar could always seek Beijing's help; and vice versa. Lately, that has changed. Russia and China have become allies and Russia too is more dependent on China as the greater power especially in the aftermath of the US-led sanctions triggered by the retaking of Crimea. As a result, Ulaanbaatar can no longer call on the Kremlin to help when Beijing is uncooperative."
Modi's visit to Mongolia was supposed to be a message to China, especially with respect to its involvement in Sri Lanka and the Indian Ocean region. It was meant to convey that India could interfere in China's backyard as well.
In November 2016, the Dalai Lama visited Mongolia for the ninth time. China made its unhappiness known to Mongolia, which ignored the country's warnings, buffered by its perceived support from India. But this time, China put in place an economic blockade that crippled Mongolia and when it turned to India for help, it received nothing more than appeasing words.
"Modi Sarkar was in a funk. There was no trace of the muscle the Prime Minister had displayed to much applause in Ulaanbaatar in May 2015. Any action to ease Mongolia's difficulties would have meant inviting China's wrath. Predictably, the political leadership turned a deaf ear to Mongolia's desperate plea for help. As a result, on December 21, Ulaanbaatar apologised abjectly to Beijing. Mongolian Foreign Minister Tsend Munkh-Orgil promised that the Dalai Lama will no longer be allowed to enter his country."
In this round, Ramachandran writes, India's message to Beijing proved to be nothing but hollow posturing and China won this round while Mongolia found itself in the unenviable position of ending up as collateral damage. (Source: The Citizen)
January 2 (domain-b.com) Mongolia, which played a pivotal role in establishing the institution of the Dalai Lama centuries ago, is giving the present Dalai Lama, the cold shoulder.
According to commentators, remarks by the country's foreign minister last month were the latest sign that Mongolia had buckled under pressure from China over the contentious issue of the Dalai Lama, the Tibetan spiritual leader.
Bloomberg News reported the minister, Tsend Munkh-Orgil, told Onoodor newspaper that the government ''feels sorry'' for allowing the Dalai Lama to visit Mongolia in November and that the Dalai Lama ''probably won't be visiting Mongolia again during this administration.'' The Associated Press said the remarks were confirmed by the foreign ministry.
Meanwhile, The Diplomat pointed out that the Dalai Lama's visit was not a China-Mongolia bilateral issue and was Mongolia's internal, domestic issue, concerning the people's rights under its Constitution. In accordance with the Mongolia's constitutional rights, citizens of Mongolia, particularly those who believed in Buddhism, had the rights to accept, allow, and appreciate the visit of His Holiness. The Dalai Lama visit was at the invitation of the Center of Mongolian Buddhism, the Gandantegchinlen Monastery, and was accepted by the people.
According to The Diplomat, the antagonistic language released by China's foreign ministry had put a ''damper on people-to-people affairs.''
Ulaanbaatar, January 2 /MONTSAME/ The resolution on allowing paid parental leave for the legal guardians of the children, suffering from acute respiratory infections, entered into force on January 1, 2017. The paid parental leave can last from three to five days.
With the enforcement of the cabinet resolution, parents with children under five will enjoy discounts on the prices of medicines for treatment of cold and flu, which are the most common illnesses recorded in winter time.
State-run family clinics will be open on Saturdays between January 2 and March 1 apart from their regular working hours from Monday to Friday.
Ulaanbaatar, January 2 (MONTSAME) The National Blood Center and JCI Mongolia NGO is holding an official opening ceremony for the launch of "Let's Gift Life!" project on January 3 at 11.00. The project aims at broadening the circle of non-remunerated blood donors and invites all who want to help.
The project objectives also include maintaining sufficient amount of donors, raising public awareness of blood donation and encouraging the public to donate blood and save lives.
During the ceremony, the replica of Mascot Droplet will be handed to the National Blood Center.
Art pursues wild horses roaming the steppe and rides in the mountains with a Kazakh tribesman.
January 25, 2017 10:00 pm on LEARN.2 | Episode #212 | 27 minutes | Visit Website
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