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Wednesday, January 8, 2014
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Coal Mongolia 2014
Coal Mongolia 2014: Mongolia's Coal Exports to Reach 31.4 mtpa in 2014
January 7 /infomongolia.com/ In the scope of upcoming Coal Mongolia 2014 event, InfoMongolia.com is collaborating with General Organizer mining.mn as Local Media Partner and pleased to share the outlook of Mongolia's coal export for 2014.
Mongolia's coal exports to reach 31.4 mtpa in 2014Mongolia has inferred reserves of coal totaling 173.3 billion tons, of which 21.5 billion tons reserves are validated through prospecting and detailed exploration.
Most notable coalfields that are producing currently include West and East blocks of TavanTolgoi deposit. With the start of production at West Tsankhi in 2013, the mine reported annual production of 1.9 mtpa and 1.1 mtpa exports, as well as operating profits of 100 million USD in the report year.
East Tsankhi produced 5 mtpa, of which 820K tons were exported.
Analysts predict that the aggregate production from both West and East Tsankhi can exceed 10 mtpa in the new financial year, i.e. 2014. At such levels of production, Erdenes Tavan Tolgoi JSC will be able to retire the debts incurred with Chalco, according to official statements of the company's management.
With such reinvigorating developments on the financial front, the company is expected to start in 2014 the path of active performance and self-sufficiency. The coal beneficiation plant in the pipeline will provide further value added and allow the company to achieve price maximization for its products.
Positive news coming from Erdenes Tavan Tolgoi JSC is met with the enthusiasm of the three peer coal producers operating in Tavan Tolgoi basin. The three coal mining companies became recently signatories to a memorandum of understanding ensuring the export of 1 billion tons of coal to Shenhua Energy Group of China, in the next 20 years. Also, recent statements by Deputy Director of Institute of Science and Technology of China Mr. Zhan Guangzhun about prospects of importing annually 30-50 million tons of coal from Mongolia add to the confidence underpinning coal extraction by Mongolian producers.
Estimates of the Ministry of Finance of Mongolia are based on exports of 31.4 million tons of coal in 2014. There is also a clear tendency of increase in the number of exporting producers targeting the Chinese market, which in turn underlines the heavy dependency of this commodity, often hailed as 'black gold', from dynamics of this particular market. However, it is notable that the positive outlook for global, in particular Chinese coal market, predicts expansion. Also, the majority of analysts are projecting increase trends for coal prices in the next year.
It seems therefore possible to conclude that these positive news, few in number but crucial in essence, signify solid opportunities for the Mongolian coal to gain momentum on the global markets, as well as the start in 2014 of long-term sustainable development and stability of coal sector of Mongolia.
Experts predict the coal market in 2014, growth in the biggest meeting in the "Coal Mongolia 2014" the fourth International Coal Investors Conference and Exhibition will be organized on February 20-21, 2014.
For more information:
(+976) 7011 5590
Mogi: wow, it's like a law firm frenzy over here. 11 firms I've counted, most of which have filed class action lawsuits against TRQ, are asking for investors who've lost money to join in on the action. Most likely there's more I haven't seen yet. A separate class action was filed directly against SouthGobi in Ontario. Press release is below this one.
SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses from Investment in Turquoise Hill Resources Ltd. to Contact Brower Piven Before the February 11, 2014 Lead Plaintiff Deadline
STEVENSON, Md., January 6--(BUSINESS WIRE)--Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (NYSE: TRQ) common stock during the period between May 14, 2010 and November 8, 2013, inclusive (the "Class Period").
If you have suffered a net loss from investment in Turquoise Hill Resources Ltd. common stock purchased on or after May 14, 2010, and held through the revelation of negative information on November 8, 2013, as described below, at no cost to you, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than February 11, 2014 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants issuing materially false and misleading statements during the Class Period concerning the reported revenue for the Company's subsidiary, SouthGobi Resources Ltd. ("SouthGobi"), which produces coal at the Ovoot Tolgoi mine in Mongolia. According to the complaint, following the Company's November 8, 2013 disclosure that it would be restating its consolidated financial results for the years ended December 31, 2010, 2011, 2012 and the affected quarters, including 2013, due to SouthGobi's decision to change the manner in which it recognizes certain revenue, the value of Turquoise Hill shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
Contacts
Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
The others:
Levi & Korsinsky, LLP Reminds Investors of Class Action Against Turquoise Hill Resources, Ltd. and Its Board of Directors and a Lead Plaintiff Deadline of February 11, 2014 – TRQ - Levi & Korsinsky, LLP, January 6
Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Turquoise Hill Resources, Ltd. of Class Action Lawsuit and Upcoming Deadline – TRQ - Pomerantz Grossman Hufford Dahlstrom & Gross LLP, January 3
The Rosen Law Firm Announces Filing of Securities Fraud Class Action Against Turquoise Hill Resources – TRQ - The Rosen Law Firm, P.A., January 2
Wolf Haldenstein Commences Turquoise Hill Resources, Ltd. Investigation - Wolf Haldenstein Adler Freeman & Herz LLP, December 19
Law Offices of Curtis V. Trinko, LLP Files Class Action Suit Against Turquoise Hill Resources Ltd. - Curtis V. Trinko, LLP, December 17
Bernstein Liebhard LLP Announces That A Securities Class Action Has Been Filed Against Turquoise Hill Resources, Ltd. - Bernstein Liebhard LLP, December 17
ROBBINS GELLER RUDMAN & DOWD LLP FILES CLASS ACTION SUIT AGAINST TURQUOISE HILL RESOURCES LTD. - Robbins Geller Rudman & Dowd LLP, December 13
Recover Losses: Ademi & O'Reilly, LLP Investigates Possible Securities Fraud of Turquoise Hill Resources Ltd. - Ademi & O'Reilly, LLP, December 4
Glancy Binkow & Goldberg LLP Announces Investigation of Turquoise Hill Resources Ltd. - Glancy Binkow & Goldberg LLP, November 22
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Turquoise Hill Resources Ltd. - Bronstein, Gewirtz & Grossman, LLC, November 15
Siskinds LLP Announces Filing of Proposed Securities Class Action Against SouthGobi Resources Ltd. (Toronto: SGQ; Hong Kong: 1878)
TORONTO & LONDON, Ontario--(BUSINESS WIRE)--Siskinds LLP today announced the filing in the Ontario Superior Court of Justice of a proposed securities class action against SouthGobi Resources Ltd. ("SouthGobi") (Toronto: SGQ; Hong Kong: 1878), certain of its current and former senior officers and directors, and its former auditors.
Subject to certain exclusions, the proposed class includes all persons and entities who acquired the common shares of SouthGobi from March 30, 2011 through November 7, 2013, inclusive.
The action alleges that, among other things, during the relevant period certain documents released by SouthGobi, including its audited and unaudited financial statements, contained representations that were untrue. It is alleged that the defendants have liability for damages sustained by the proposed class.
Siskinds LLP is one of Southwestern Ontario's largest and most well-established full-service law firms with offices in London, Toronto and affiliates in Québec City and Montréal.
SouthGobi Resources Comments on Public Announcement of Proposed Ontario Class Action
HONG KONG, CHINA--(Marketwired - January 07, 2014) - SouthGobi Resources Ltd. (TSX: SGQ) (HKSE: 1878) (the "Company") understands that on or around January 6, 2014, Canadian law firm Siskinds LLP filed a proposed securities class action against the Company, certain of its current and former senior officers and directors, and its former auditors in the Ontario Superior Court of Justice in relation to the Company's restatement of financial statements, as disclosed on November 8, 2013, November 11, 2013, November 14, 2013 and December 12, 2013 ("the Proposed Claim"). The Company has not been formally served with a copy of the Proposed Claim.
The Company has engaged independent legal counsel in Canada to advise it on this matter and intends to vigorously defend the lawsuit if and when it is served with the Proposed Claim.
MSE News for January 7: Top 20 -1.94%, Turnover ₮21.2 Million
Ulaanbaatar, January 7 /MONTSAME/ At the Stock Exchange trades held Tuesday, a total of 78 thousand and 415 shares of 27 JSCs were traded costing MNT 21 million 246 thousand and 356.00.
"Khokh gan" /39 thousand and 700 units/, "Remikon" /32 thousand and 270 units/, "Genco tour bureau" /3,220 units/, "Tavantolgoi" /985 units/ and "Hai Bi Oil" /547 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Tavantolgoi" (MNT five million 761 thousand and 950), "Remikon" (MNT five million 382 thousand and 300), "Khokh gan" (MNT five million 081 thousand and 600), "Gutal" (MNT two million) and "Darkhan Nekhii" (MNT 750 thousand).
The total market capitalization was set at MNT one trillion 655 billion 113 million 343 thousand and 459. The Index of Top-20 JSCs was 16,221.11, decreasing by MNT 320.73 or 1.94% against the previous day.
Partnership Will Enhance Financial Services Offering in Mongolia While Bringing Mongolian Investment Opportunities to the Global Markets.
ULAANBAATAR, MONGOLIA (January 7, 2014) – MIBG LLC and Resource Investment Capital Limited (ResCap) today announced the signing of a definitive agreement to merge their domestic securities dealing businesses and the signing of a formal Cooperation Agreement for advisory services in Mongolia.
The merged securities dealer will fall under the banner of MIBG LLC and will serve existing clients from both companies through one cohesive platform. Institutional and retail clients will benefit from the most advanced securities trading platform on the Mongolian Stock Exchange and from enhanced research and deal sourcing capabilities.
MIBG LLC and ResCap will also be working together to facilitate corporate financing transactions in Mongolia through their respective advisory businesses. This partnership brings together the two leading financial advisors covering Mongolia having collectively completed 20 advisory and financing mandates since 2010.
MIBG's Managing Director Chris MacDougall commented on the deal, "This merger brings together two premiere investment banks, allowing us to enhance our offering and position MIBG as the leading financial advisor based in Mongolia. Our combined knowledge, substantial experience and international networks will support long-term value creation for our clients at home and abroad. We believe that this will enhance our already extensive market coverage and allow us to deliver value like never before."
Eric Zurrin, Director of Resource Investment Capital Limited, highlighted, "The merger of our Mongolian securities division with MIBG will deliver a stronger product offering for MSE clients. The partnership of advisory businesses is a step forward in creating a stronger financial services offering for corporate and institutional clients from both firms and a natural access point for international investors into Mongolia. We are excited to be working exclusively with MIBG in Mongolia to build this area of our frontier markets business."
MIBG's senior management team includes Bilguun Ankhbayar as Chief Executive Officer and Chris MacDougall as Managing Director. Eric Zurrin will be an Advisor to MIBG under the terms of the formal Cooperation Agreement between MIBG LLC and Resource Investment Capital Limited.
The closing of the merger is subject to final approval by the Financial Regulatory Commission of Mongolia and other closing conditions and is expected to occur within the next month. For more information please contact the representatives from both parties using the details provided below.
About MIBG LLC
The Mongolian Investment Banking Group LLC (MIBG) is a financial advisory boutique, providing a select range of financial services and products designed specifically to generate value within the mining and resources sector of Mongolia. MIBG has trading rights on the Mongolian Stock Exchange and direct access to international exchanges including the Toronto Stock Exchange, Australian Stock Exchange, Hong Kong Stock Exchange, New York Stock Exchange, and the London Stock Exchange. In our mission to become Mongolia's leading financial services provider we will always ensure a wide range of valuable investment opportunities for our clients in all of the key global markets. http://www.mibg.mn
About Resource Investment Capital Limited
Resource Investment Capital Limited, established in 2010, is a boutique corporate finance advisor working with clients in connection with frontier market investment opportunities. ResCap prides itself on providing world class advice, a result of its team's long track record of global investment banking experience from leading international investment banks combined with significant domestic knowledge of frontier market landscapes through local partners. http://www.resource-cap.com
Media Contact
Chris MacDougall: macdougall@mibg.mn, +976 9908 3730
Eric Zurrin: eric.zurrin@resource-cap.com, +852 6893 5820
BoM MNT Rates: January 7 Close
| 1/7 | 1/6 | 1/3 |
USD | 1,721.16 | 1,693.04 | 1,693.96 |
EUR | 2,344.05 | 2,299.23 | 2,312.42 |
CNY | 284.42 | 279.65 | 279.92 |
GBP | 2,820.64 | 2,768.54 | 2,786.90 |
RUB | 51.77 | 50.95 | 51.14 |
December Chart: (Mogi: sorry folks, BoM has still not added 2014 to the graphs yet)
BoM holds FX auction
January 7 (Bank of Mongolia) On the Foreign Exchange Auction held on January 7th, 2013 the BOM has received from local commercial banks bid offer of USD and CNY. BOM has sold 12.0 million USD and 60 million CNY.
On January 7th, 2013, The BOM has received USD Swap agreement bid offer of 55.8 million USD and accepted the offer.
See also:
Nationwide Vocational Training Program Launched with ₮192,000 Monthly Stipends
January 7 /news.mn/ A national program to register job hunters to provide skilled, qualified employees has been launched nationwide.
According to an official from the Ministry of Social Welfare and Labour, D.Battsengel, registering people of working age people will be continued from January 15th in the framework of the national program.
Citizens are able to register to the Central Labor Exchange in Khan-Uul District by bringing their digital ID cards. Local residents should approach their Labor offices in their districts and sums.
Launching the national program the Ministry of Social Welfare and Labour aims to provide 7,000 qualified employees this year alone. Everyone who is involved in the training will be provided with a monthly 192,000 free grant.
The Ministry of Social Welfare and Labour has contracted to collaborate with over 300 employers and companies. Employees are able to choose from 55 qualifications, of which 22 qualifications are newly added including forestry, mining recovery specialist and publication designer.
The first course of the training for qualified employees will finish in July and the second will finish in September.
MPP to Demand Wage Increase
Ulaanbaatar, January 7 /MONTSAME/ The Mongolian People's Party is planning to demand the State authorities to increase wage and pension of public employees by 30 percent before February.
The party faction chairman S.Byambatsogt MP connected the reasons of the demand to the current wage level lagging behind a high inflation since the 2012 general increase in public official wages. During that time, the Government has been implementing many projects to stabilize the commodity price in the nation, but not receiving clear results, he said.
The wage increase should vary according to public employment sectors, S.Byambatsogt MP said. 'More attention should be paid to wages of public service employees such as middle school teachers and state hospital staffers'.
Agriculture Minister Briefs Budget Standing Committee on Bill to Exempt Wheat Import from Customs and VAT
Ulaanbaatar, January 7 /MONTSAME/ At its meeting ran Tuesday, the Standing committee on budget carried out first discussions of bills on exemption from customs tax and VAT.
The Minister of Industry and Agriculture Kh.Battulga briefed about the draft laws, saying that these bills aim to exempt high quality wheat to be imported until June 1 of this year from the both customs tax and VAT. He hopes that the draft laws will increase a supply of raw materials for domestic flour factories, keep a stability of food provision and adequacy, and form a strategic reserve.
Following the discussions, the Standing committee discussed a draft resolution on approving a general scheme of the State Audit Organization (SAO), and its number of staffers. The Auditor-General of Mongolia A.Zangad said that the composition of the SAO will be consisted of sections of management, development implementation and supporting service.
In conjunction with the draft resolution, parliamentarians J.Erdenebat, S.Bayartsogt and Ch.Ulaan inquired about the draft resolution, and then it was backed to discuss at the parliamentary session.
New regulation to restrict public officials travel to domestic airlines
Ulaanbaatar, January 7 /MONTSAME/ A new regulation on travelling by only Mongolian airlines flights is expected to get approved soon.
The new regulation has been developed by the Finance Minister, Transportation Minister, together with State Properties Commission.
Under this new regulation, legal persons representing state-owned institutions shall travel by the Mongolian airlines flights during his/her official mission travels within the country or abroad.
Mogi: sorry I missed this, but it's still something worthy of much more attention
Future Remains Unclear for U.S. Mining Executive Stuck in Mongolia
By Chun-Wei Yap
January 2 (WSJ) Fifteen months after discovering he wasn't allowed to leave Mongolia, U.S. mining executive Justin Kapla still doesn't know when authorities will lift the travel ban imposed under a sweeping local law that underscores the risks of working in the landlocked nation's fledgling mineral industry.
Those barred from leaving Mongolia say about 20 foreign executives in the last two years may have been subject to similar bans under the 11-year-old law, which allows authorities to stop foreigners wanted for questioning in civil disputes, criminal probes or immigration cases from leaving the country.
Facing a rise in public demands for a more equal share in the profits of mining wealth, Ulan Bator (Mogi: hold on, I thought WSJ agreed to start using Ulaanbaatar) sought two years ago to set more stringent standards for foreign companies eager to develop its coal and metal mines. These new conditions called for closer state scrutiny of mining deals with foreign companies, especially state-owned ones. This brought attention to Mr. Kapla's employer, Hong Kong- and Toronto-listed SouthGobi Resources Ltd., which was trying to close a deal with a Chinese state-run company.
As it raised its barriers, Ulan Bator threatened to suspend SouthGobi's mining licenses, which control some 800 million metric tons of Mongolian seams. These moves, along with changes to Mongolia's mining laws, killed the $920 million Chinese bid to acquire 60% of SouthGobi Resources, according to SouthGobi's former chief executive.
Mr. Kapla, a 40-year-old Minneapolis, Minn. native, was then president of SouthGobi Sands LLC, a mining unit wholly owned by SouthGobi Resources. About a month after Aluminum Corp. of China's bid sank, and as a state probe into SouthGobi's finances deepened, Mr. Kapla and two colleagues found themselves barred from leaving Mongolia.
Mr. Kapla said in an interview Monday that Mongolian authorities have not filed formal charges but have in private conversations accused him, SouthGobi Sands and former colleagues – Philippine nationals Cristobal David and Hilarion Cajucom Jr. – of laundering around six trillion tugrik ($3.7 billion), the local currency, and evading $105 million in taxes. Messrs. David and Cajucom, who are also unable to leave Mongolia, deny the allegations, as does Mr. Kapla.
But state prosecutors privately told investigators, at least once in a document seen by Mr. Kapla, that the government doesn't have enough evidence to make a case, he said. "There's nowhere where you can see how they came up with these things," Mr. Kapla said.
Mongolia's Ministry of Justice referred questions to the State General Prosecutor's Office. Reached by phone, Ganzorig, the director of the prosecutors' foreign relations division who like many Mongolians goes by one name, asked a reporter to call back later then didn't respond to subsequent calls.
The U.S. ambassador to Mongolia has raised Mr. Kapla's detention with the country's justice minister, according to an embassy email dated March and forwarded by Mr. Kapla. According to the email, the Mongolian minister described the investigation as "heavy-handed" and promised to follow up on the case. Allyson Algeo, a U.S. embassy public affairs officer in Mongolia, referred queries to the State Department in Washington D.C., where an official said it's aware of Mr. Kapla's case and is assisting him. The Philippines honorary consul in Mongolia didn't reply to messages seeking comment.
As global commodity markets fell in the last two years, sharply waning foreign interest took a toll on Mongolia's exports and inbound investment. Ulan Bator is now trying to revive its mining sector, once again easing access to foreign capital and offering a range of infrastructure-development deals to Chinese firms.
In some cases, Mongolia has moved relatively quickly to remove travel bans on foreign executives. Standard Bank consultant Christopher Bradley said Monday he was freed on Dec. 19, less than a month after he said the government held the New Zealand citizen over a business spat. A SouthGobi Sands lawyer was freed after about two months after travel controls were imposed in October 2012.
Those that remain say the stay within the country's borders has been relatively hassle-free, but the terms can seem draconian. They are free to move around Ulan Bator but must seek permission to leave the capital. Mr. Kapla, who is married to a Mongolian, said he hasn't been allowed to visit aging and ailing relatives in Minnesota. Mr. Cajucom, SouthGobi Sands' former finance director, said authorities rejected his appeal to attend his father-in-law's funeral in November in the Philippines.
The three executives have all left SouthGobi Sands. Mr. Kapla amicably resigned in April to take up a job with a Mongolia iron ore company. Mr. David said he chose to move to a Canadian mining firm. Mr. Cajucom said his contract wasn't renewed and that he remains unemployed.
SouthGobi Resources spokesman Altanbagana Bayarsaikhan said in an e-mail it's working with the Mongolian authorities and still supporting the three former employees, by providing access to legal counsel, in efforts to resolve the case.
None of the trio knows why they have been left in limbo for so long or if a trial is forthcoming. Mr. Kapla ventured that Ulan Bator may be dragging its feet rather than concede a fruitless probe. "How do you now unwind this situation and save face?" he said.
MIAT Mongolian Airlines to Open Direct Flights to Frankfurt from March 30, 2014
January 7 /infomongolia.com/ MIAT Mongolian Airlines is scheduled to conduct direct flights to/from Frankfurt, Germany two times a week from March 30, 2014. The direct flights will be performed on every Thursdays and Sundays by its Boeing 767-300ER.
Currently, the MIAT conducts direct flights to/from Berlin via Moscow, also two times a week and a new route to Germany is being launched.
As of today, MIAT Airlines operates regular international flights to/from Beijing, Hong Kong, Seoul, Tokyo, Moscow and Berlin with its two Boeing 737-800 and two Boeing 767-300 aircrafts, in addition, conducts charter flights to Singapore, Hainan, Jeju Island, and Nagoya and Fukuoka cities of Japan. Also, during a peak tourism season increases number of flights to Seoul and Tokyo, besides regular flights to Beijing on weekly basis counts for up to 10 times.
Related:
MIAT to Open Direct Flight to Frankfurt – Montsame, January 7
Falling Construction Material Kills UB Driver
January 7 (UB Post) A man was killed when iron fell from a construction site owned by Max Urgoo LLC, at around 10 a.m. on Tuesday. The iron fell on a Land Cruiser-200 jeep on the road according to a report on gogo.mn.
According to a source with the police, the driver was alone in the car. The iron broke away and fell from the Crown Center construction elevator, piercing the roof of the car. The iron hit the driver's head and the victim died before emergency services arrived for first aid.
The man killed was a driver for the Ministry of Economic Development. The damaged car belonged to the ministry, reported police.
Police officers investigated the accident scene and investigation results are yet to be publicly reported.
The engineer in charge of Labor Protection of the building, as well as the building's construction workers who were on duty at the time of accident are under interrogation at the Chinggeltei District Police Department.
The executor of the building is Magic Class LLC. The Chinggeltei District Police Department has initiated a criminal case against Magic Class LLC in relation to the accident, reported Police Captain and Official of the General Police Department's Press Division, Yo.Lkhagvasuren.
Social, Environmental and Other
Working Group Finalizes Redrafting Domestic Violence Bill for Cabinet Discussion
Ulaanbaatar, January 7 /MONTSAME/ A working group has completed redrafting of the law on fighting against domestic violence.
The law on fighting against domestic violence was approved by the State Great Khural (parliament). However, the law has been criticized for leaving out the victim protection and court decision implementation clauses.
Recent several widely condemned incidents of domestic violence have sharpened the demand for newly drafted law on domestic violence, as nongovernmental organizations and civil societies in the nation have repeatedly reminded the relevant authorities the need of law changes.
The redraft of the law will be submitted to the parliament next week, after consideration by the cabinet of the Government.
Mongolia Launches Plant a Tree, Sell the Tree Program
January 7 /infomongolia.com/ Ministry of Nature, Environment and Green Development and Ministry of Finance jointly approved a new regulation titled "Silviculture, Forestry Management Planning, Organizing, Financing, Evaluating Planted Woods, and Purchasing and Owning by State Fund" that aimed to aggrandize the forestry in Mongolia.
In the scope of effectiveness of the Regulation, the Government will buy trees planted by a citizen, cooperative, entity, or organization.
Accordingly, today the Ministry of Nature, Environment and Green Development set the unit price to purchase trees.
In the frameworks, a citizen, cooperative, entity or organization, who planted trees on own expenses, will forward a request letter to a local governing administration, where the latter part will deliver collected requests to the Environment and Green Development Authorities of Aimags and Capital City within August of each year.
Afterwards, experts from Authority will evaluate the trees planted and decide whether to purchase or not. Once an act to purchase is established, the planted trees should meet requirements and standards, for instance trees must be planted in the territory not less than 0.5 ha and grown more than 5 years, as of tree-ages should be more than 8 years old.
Also, if the trees planted in the forestry region, the number of trees should be over 700, in steppe region over 500, in Gobi region over 300 pieces respectively. The average unit price to purchase by Government per ha is set one million MNT (Tugrug), but may change depending on quantities and species of trees and in what region were planted. For instance, fir, grice, elaeagnus and tamarisk trees are estimated at 1.5 million MNT per ha, 900,000 MNT for bushes. Moreover, the least number of trees per ha should not be less than 300 pieces, reports the Ministry of Nature, Environment and Green Development.
Mongolian Racer Currently 86th After Stage 2 of Dakar Rally
Ulaanbaatar, January 7 /MONTSAME/ At the end of the second day of the Dakar Rally, Mongolian D.Boldbaatar is placed at 86th on Monday.
Another Mongolians N.Lkhamaa and Kh.Batbold are currently at 147th and 152nd places among 174 in the Dakar Rally, a 14-day and 8,000-kilometer odyssey through three countries.
Stage 2 of the 2014 Dakar Rally takes riders from San Luis to San Rafael with 223 miles of special stage. Motorcycle competitors face soil/rock terrain starting out and then face a climb to over 6500 feet above sea level followed by a descent into the first dune section of the Rally in the grey sand of Nihuil.
Team HRC's Sam Sunderland finished fastest through Stage 2, earning the first Dakar stage win of his career. KTM's Chaleco Lopez ended second, 39 seconds off Sunderland's time followed by the Honda rider's teammate and current overall leader, Joan Barreda, in third.
The 2014 Dakar Rally is the 35th running of the event and the sixth successive year that the event is held in South America. The event starts in Rosario, Santa Fe, Argentina on January 5 and finishes in Valparaiso, Chile on January 18 after thirteen stages of competition.
Mongolian remedies for common cold and flu
January 7 (UB Post) The dawn of the year of the Green Horse has been kind and it is much warmer than usual in January. However, frightening cold days are knocking on your door. Are you prepared for the winter in the world's coldest capital? Do you know the local term, "Nine Nines"?
The Nine Nines is 81 days (nine times nine days) of the year that are coldest, and it begins on December 22. The Third Nine has just begun, which is followed by extreme frost that can "freeze the tail of a three year old cattle completely." When the temperature plummets, catching cold and flu are much more likely.
Having said that, let's explore some traditional Mongolian treatments for cold and flu prevention at home. Mongolia has an old saying, "You are rich if you have no debt, you are content when you are healthy." This saying is rooted in our daily lives.
Besides taking vitamins and getting a flu shot, there are many traditional dairy related remedies that improve the immune system. One such remedy is Khaluun aarts, or hot curd made of sour milk, which was proven to be one of the most common treatments for flu and its prevention.
Curd is first boiled and served hot for the best results. The ideal time to serve it is just before going to bed. Generally, curd is a very popular traditional dairy product. They are most popular during the holiday season; especially during Tsagaan Sar (Lunar New Year) which is around February.
Curd can be purchased at most supermarkets in Ulaanbaatar and even convenience stores often have them in smaller packages. Curd's medicinal powers are almost magical. It tastes wonderful with sugar, butter, salt, flour based products and water.
First you mix curds in cold water with salt, then gradually add flour, and boil it while stirring steadily. Later, add butter and sugar for your own preference. You can also add some raisins.
In addition to curds, there is also a milk treatment. You can prepare 500 ml of milk with an egg, honey (one tablespoon) and butter. First warm up the milk, add one fresh egg and boil it while stirring. This milk mixture helps ease the symptoms of a cold and should be taken before going to bed.
In addition, licorice in the hot milk works as well.
The next best treatment is a garlic soup with horse meat. Yep, you heard it right. When you feel your nose start to sniffle, it's time make soup with garlic and horse meat. Some people swear by this soup. Having garlic and horse meat soup two or three times a week will almost guarantee that you will not catch the flu during the harsh winter.
Lastly, there is treatment with honey. Mix one tablespoons of honey and two-and-half spoon of of turnip extract. Put five drops in your nostrils four times a day. For babies and small children, mix one tablespoon of honey with two spoons of warm water. Absorb the mixture into cotton and put the cotton into the child's nostrils for about 20 minutes. If the baby cries or becomes uneasy with the cotton, just sponge the nose softly.
For curing bronchitis, crush ten grams of seabuckthorn, add it to 200 ml of water and boil it for 30 minutes. Take three spoons a day. Also, you can drink boiled ginger juice. For babies, crush three stalks of parsley into 150 ml of water and boil for two to three minutes and give it to the baby after it cools down. For adults, boil five stalks of parsley in the same amount of water.
To prevent flu, wash your hands often and rinse out your mouth with bicarbonate soda water. In addition, drink one ml of ascorbic acid (available in all pharmacies in Ulaanbaatar) after breakfast. Active prevention is the key to avoiding the cold and flu. Let's be healthy as a horse, and as energetic and prosperous in the year of the Green Horse!
---
Munkhdul Badral Bontoi
Founder & CEO
Email: mogi@covermongolia.mn
Mobile: +976 9999 6779
Skype: mogibb
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