DR. OLIVER SCHNORR, THE CEO OF EK VISITED CHULUUT ON SITE.
The CEO of Eurokhan LLC visited the Chuluut Fluorspar Processing Plant, got acquainted with the process, and is working attentively on future action plans. The construction of the fluorspar concentrator is 85% complete and is very close to commissioning. The fluorspar processing plant is scheduled to start by the end of July 2021.
With the commissioning of the fluorspar processing plant, it is estimated that an average of 42,000 tons of enriched fluorspar will be produced and exported annually, which is considered the second-largest Fluorspar Processing Plant in Mongolia.
Not only that, Dr. Oliver Schnorr continues to expand his long-term relationship by meeting with partners and customers online and in-person on a daily basis.
As President of the DMUV, he chaired the Annual General Member Meeting of the DMUV on the 30th of June 2021.
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MEET THE NEW MEMBERS OF THE EURO KHAN LLC FAMILY
We are pleased to announce that EURO KHAN extended its family and has two new sales officers this month. Our two new members are Tului and Erdenebayar. For Tului, he got a bachelor's degree in business administration in Japan this April, and Erdenbayar graduated from the Mongolian University of Science and Technology as a mining engineer this June.
We are cheerful that these 2 young men started their job careers at Euro-Khan LLC. We are confident that we will be able to utilize the creativity and productivity of our two young men to further improve our company's marketing and sales. Also, we will always be happy to support the younger generation and grow up together.
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EK GOT AWARDED THE MINISTRY OF ENVIRONMENT AND TOURISM/KFW BANK TENDER
We are pleased toannounce that we were awarded for the tender of “Supply of off-road vehicles to the western cluster area of Mongolia’s EnvironmentalOrganizations” of KFW Bank with a grant from Germany. We will supply this tender with HOWOtrucks the manufacturer is Cheng-Li, a company that produces special purposevehicles and containers. In thisproject, we prefer to contribute to our country rather than the company'sinterests. The contract of the tender is currently being signed with KFW Bank.We import HOWO brand cars and spare parts, and we would liketo reaffirm that can trust us and the quality of the products we supply, as thesemachines are the best in Mongolian weather condition.
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EK CONTINUES TO PROVE THAT IT IS A RELIABLE PARTNER SUPPLIER
We are pleased to announce that we were awarded the “Bearing 3” tender announced by Erdenet Mining Corporation SOE and “Hydrex 4104” tender announced by Power Plant 4”.
EK successfully completed the supply of bearings and hydrex in accordance with the Sales and purchase agreement concluded with EMC SOE and PP4.
We have proved once again that we are a reliable and good supplier by fully meeting the bearing quality and technical specifications. Also, we are awarded for supplying Bearing 4 to EMC SOE, has been successfully contracted and is in production.
The Burr Pitt set and Lincoln Arc Welder supplied to Oyu Tolgoi were also very victorious.
Economy
Bank of Mongolia maintains policy rate at 6 pct
Fitch Assigns Mongolia's Proposed USD Bond a 'B' Rating
Export halts temporarily as China shuts borders
Gross industrial output increases by 43.6 percent y/y
Births decreased by 4.3 percent in the first five months of 2021
Khan-Uul leads in competitiveness, while Bagakhangai lands at bottom
World Bank to Support Sustainable Urban Transport in Ulaanbaatar
Southern Mongolia Ready for Green Development — ADB Dialogue Event
Celebrating the legacy of Mercy Corps Mongolia
Health warnings issued on hottest day of year in Mongolia
Is it right to ‘forgive and forget’ bad borrowers? - Interview
Business
Mongolia, Italy agree to hold business forum in the near future
Golomt Bank and International Investment Bank concludes a long-term loan agreement to support SME sector in Mongolia
Gyms and swimming pools closed for 10 days
LendMN to offer bond to public
First Mongolia-EU dialogue on sanitary and phytosanitary related issues takes place
IAAC: Business licenses to be issued online, with more transparent, open procedure
Elixir Energy intersects thick coal at West Yangir-1
Leading banking, finance and technology companies have announced that they are taking their strategic partnership to the next level
Mongolian cashmere exported to Italy by land arrives in 20 days
Petro Matad announces final results for year ended 31 December 2020
Secondary market trading of ‘InvesCore Bond’ starts from June 22, 2021
Principal of the American School of Ulaanbaatar awarded Friendship Medal
ECONOMY
BANK OF MONGOLIA MAINTAINS POLICY RATE AT 6 PCT
The Monetary Policy Committee (MPC) of the Bank of Mongolia held a scheduled meeting on June 23, 2021. With due consideration to the current state of the economy and financial markets, as well as to future outlook and risks inherent in domestic and foreign environments, the MPC decided to:
Keep the policy rate unchanged at 6 percent;
Provide up to MNT 250 billion under the Bank of Mongolia’s long-term repo financing instrument in the third quarter of 2021.
Annual headline inflation stands at 6.2 percent nationwide and 6.7 percent in Ulaanbaatar city as of May 2021. Whilst the economic recovery is contributing to some extent, the inflation is mainly driven by base effects and temporary supply-related factors. As a result of latter, the headline inflation is expected to temporarily increase, however, it will stabilize around the central bank’s target level in 2022.
Source: Bank of Mongolia
FITCH ASSIGNS MONGOLIA'S PROPOSED USD BOND A 'B' RATING
Fitch Ratings has assigned Mongolia's (B/Stable) proposed US dollar bonds a 'B' rating.
Proceeds from the proposed bonds will be used to repurchase a portion of the existing bonds maturing in 2022 and 2023 through a cash tender offer.
KEY RATING DRIVERS
The rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.
Fitch affirmed Mongolia's Long-Term Foreign- and Local-Currency IDRs on 25 May 2021.
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO NEGATIVE RATING ACTION/DOWNGRADE:
- External Finances: Evidence of heightened external stress, for example as a result of restricted access to external financing sources or a marked decline in foreign reserves.
- Public Finances: Failure to reduce the budget deficit and stabilise the government debt/GDP ratio.
- Structural Features: Political instability sufficient to significantly disrupt strategic mining projects or FDI inflows.
Source: Fitch Ratings
See also: Moody's assigns B3 rating to Mongolia's US-dollar denominated notes
EXPORT HALTS TEMPORARILY AS CHINA SHUTS BORDERS
Mongolia’s exports of coal and copper concentrate had completely ceased from June 13 to 16 due to recent COVID-19 outbursts, but restarted on Wednesday, says the Ministry of Roads and Transport Development.
“The border checkpoints are in a dire state amid the COVID-19 pandemic,” said Yo.Jargalsaikhan, head of the Road Transport Policy Implementation and Coordination Department at the ministry. “Since the pandemic outbreak, we had been wary of transporting COVID-19 into Mongolia, but now the spread of the virus is widespread in the country. Hence, other countries have become cautious about transmitting COVID-19 from Mongolia. China is especially cautious and is enhancing its border control as it is becoming a healthier region. We are complying with Chinese requirements. We are paying special attention to this matter at Gashuunsukhait, Zamiin-Uud and Shiveekhuren border checkpoints.”
This is not the first time China closed its borders with Mongolia over COVID-19 concerns.
Source: The UB Post
GROSS INDUSTRIAL OUTPUT INCREASES BY 43.6 PERCENT Y/Y
By the preliminary results, in the first 5 months of 2021, the gross industrial output reached MNT 7.7 trillion, increased by MNT 2.4 trillion (43.6%) from the same period of previous year. This increase was mainly due to MNT 1.8 trillion (50.1%) increase in mining and quarrying gross output and MNT 511.1 billion (41.4%) increase in manufacturing output. Also, the electricity, thermal energy and water supply production output increased by MNT 60.6 billion (10.8%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 7.9 billion (14.4%) from the same period of year.
In May 2021, the gross industrial output reached MNT 1.5 trillion, increased by MNT 40.1 billion (2.7%) from the previous month. This increase was mainly due to MNT 84.5 billion (25.9%) increase in manufacturing gross output.
Source: Montsame
BIRTHS DECREASED BY 4.3 PERCENT IN THE FIRST FIVE MONTHS OF 2021
In the first five months of 2021, 30.0 thousand mothers gave birth at the national level, which decreased by 1352 (4.3%) compared to the same period of the previous year. There were 88 (0.3%) home births registered, decreased by 22 (20.0%) compared to the same period of the previous year.
In May 2021, 6233 mothers gave birth, increased by 75 mothers (1.2%) compared to the previous month. There were 23 home births (0.4%) registered, increased by 6 (35.3%) compared to the previous month.
According to the ‘Electronic birth registration’ by the Ministry of Health, 6124 mothers gave birth, and 6199 children got registration numbers in May 2021. Out of total number of newborns, 3207 were boys and 2992 were girls, 150 twins. The average weight of newborns was 3416 grams, and the average height of newborns was 50.8 cm.
Source: Montsame
KHAN-UUL LEADS IN COMPETITIVENESS, WHILE BAGAKHANGAI LANDS AT BOTTOM
The overall competitiveness of districts in Ulaanbaatar has retracted from 2019 to 2021, as large development projects were delayed and existing social and economic challenges worsen amid the COVID-19 pandemic, said the Economic Policy and Competitiveness Research Center (EPCRC) while presenting its new report on Monday.
The Ulaanbaatar’s District Competitiveness Report 2021 is the third edition of the bi-yearly report measuring the competitiveness of districts and examining changes and trends in district development.
“This report determines whether Ulaanbaatar’s development is advancing forward or falling back. It had been improving between 2017 and 2019 based on the district competitiveness index, but between 2019 and 2021, district performances have deteriorated. This means that large developments haven’t been completed in Ulaanbaatar in the past two years. The education and economic indicators fell and we’re facing many issues such as shortage of playgrounds. These issues need to be dealt with at district and city level,” EPCRC Executive Director B.Lakshmi underlined.
Source: The UB Post
WORLD BANK TO SUPPORT SUSTAINABLE URBAN TRANSPORT IN ULAANBAATAR
The World Bank Board of Directors today approved a $100 million loan to support the Ulaanbaatar Sustainable Urban Transport Project, which will develop a comprehensive framework for sustainable urban mobility for Mongolia’s capital, and will reduce congestion, improve road safety, and address climate resilience on selected transport corridors.
In Ulaanbaatar, where close to 50 percent of the country’s population resides, travel demand has been increasing due to rapid urbanization. The city’s current 1,100-km-long street network is sparse and disconnected, while traffic management and road safety facilities are insufficient, causing delays, traffic accidents, and congestion. Poor public transport services and vulnerability to natural hazards such as flooding are affecting residents’ livelihoods and disproportionately hurting vulnerable and low-income populations. At the same time, lack of evidence-based planning and management, and weak institutional capacity have hampered efficient allocation of limited financial resources.
Source: World Bank
SOUTHERN MONGOLIA READY FOR GREEN DEVELOPMENT — ADB DIALOGUE EVENT
The southern region of Mongolia has potential for sustainable growth if investment for green development, renewable energy, and tourism are matched with large infrastructure projects in energy, transport, and extractive sectors, ADB and stakeholders in Mongolia discussed at an event today. They were attending a provincial-level regional conference organized by ADB with the Government of Mongolia to hold a dialogue on rural development challenges and on-site project experiences.
“Capturing operationally relevant knowledge is crucial for our efforts to strengthen sustainable partnership impact in Mongolia,” said ADB Country Director for Mongolia Pavit Ramachandran.
The first in a series of four provincial-level regional conferences to be held under the 30th anniversary commemoration of the ADB–Mongolia partnership covered southern provinces—Umnugobi, Dornogobi, Dundgobi, and Gobisumber—and started with virtual site visits to highlighted projects to showcase their positive impact on the economic and social development of the province.
Source: ADB
See also: Improved Online Registry Brings Social Services to Remote Mongolia
CELEBRATING THE LEGACY OF MERCY CORPS MONGOLIA
In 1999, when Mercy Corps arrived in Mongolia, my country was still reeling and rebuilding from one of the most devastating economic declines in Mongolia’s history. We had transitioned to a democracy from a socialist state, opening up and taking part in the global free market economy. There were growing pains but soon thousands of Mongolians saw an opportunity by starting their own businesses. New shops and restaurants began to sprout along the streets of our capital city, Ulaanbaatar. While entrepreneurs in the largest city saw success, the vast majority of rural Mongolians whose livelihoods relied on agriculture and raising livestock were at risk of being left behind in the new economy. Mercy Corps Mongolia was established to help rural communities thrive during this transformational time in our country.
My introduction to Mercy Corps was when I stepped into their Ulaanbaatar office in August 1999.
Source: Mercy Corps
HEALTH WARNINGS ISSUED ON HOTTEST DAY OF YEAR IN MONGOLIA
Mongolians are set to “enjoy” the hottest day of the year so far on Sunday (27 June) with temperatures hitting highs of 39C; it is expected to feel even hotter in some places! The Gobi will be truly roasting as will be the northern tourist destination in Khuvsgul and capital city of Ulaanbaatar; the cause – high pressure moving in from the Russian Federation.
Weather forecasters promise 30-34C in most parts of Mongolia from 26 June. In Ulaanbaatar, temperatures are set to hit 33C. Therefore, a heat-health alert has been issued by officials. Health authorities encouraged those most vulnerable – many of whom have been shielding during the lockdown – to protect themselves amid the “exceptionally hot weather forecast this week”.
However, thunder storm is expected in the country on Monday (28 June.)
According to meteorological agency, July temperatures will be hotter than normal for many years.
Source: News.mn
IS IT RIGHT TO ‘FORGIVE AND FORGET’ BAD BORROWERS? - INTERVIEW
Like many around the world, countless Mongolians have acquired a negative record or two due to the unexpected financial struggles caused by the COVID-19 pandemic. This has made it impossible for them to secure funding for their household needs and/ or resuming their business. By the end of May 2021, approximately 71,000 individuals and enterprises were wearing a “bad borrower” tag due to defaults, such as being unable to make timely payments, missing payments, or stopping payments, according to the Mongolian National Chamber of Commerce and Industry (MNCCI).
Understanding their situation, the government has decided to let bad borrowers off the hook through one-time forgiveness on bad credit record in light of the unceasing challenges stemming from the COVID-19 pandemic. This initiative, first proposed by MNCCI in mid-May, the act is designed to swiftly revive and reactivate the economy by giving better access to credit.
Source: The UB Post
BUSINESS
MONGOLIA, ITALY AGREE TO HOLD BUSINESS FORUM IN THE NEAR FUTURE
During the meeting, the parties exchanged views on strengthening bilateral cooperation in the fields of trade and economy, in particular cooperation in agriculture and light industry, and intensifying the bilateral relations in the fields of culture, education, energy, transport, healthcare, construction and urban planning.
Being an important trading partner of Mongolia and one of the largest markets for Mongolian cashmere export in Europe, the Italian side expressed its support for the introduction of its advanced agricultural technologies and learning from experience.
Minister of Agriculture Z. Mendsaikhan expressed interest in cooperating with Italy in the project of the government of Mongolia to establish a tannery complex and attracting investments from Italy’s financial insurance and product services organizations.
The parties agreed to hold a business forum in the near future in order to establish direct contacts and promote cooperation between food, agricultural, light industry and tourism enterprises of the two countries.
Source: Montsame
GOLOMT BANK AND INTERNATIONAL INVESTMENT BANK CONCLUDES A LONG-TERM LOAN AGREEMENT TO SUPPORT SME SECTOR IN MONGOLIA
Golomt Bank of Mongolia secured a USD 10 million loan with a tenor of five years from International Investment Bank (IIB) on 10 June 2021. Golomt Bank plans to utilize the loan proceeds to finance the SMEs, the projects with the participation of companies from IIB’s member states, as well as to support sustainable development initiatives in Mongolia.
As one of the systemically important banks in Mongolia, Golomt Bank is committed to provide financing with competitive conditions to the country’s SMEs and Corporates for their implementation of Business, Investment and Sustainable projects. The loan will timely support those Mongolian businesses during this challenging period.
Headquartered in Budapest, IIB is a multilateral financial institution that promotes social and economic development as well as economic cooperation among its member countries – Bulgaria, Czech Republic, Hungary, Mongolia, Romania, Russia, Slovakia, and Vietnam.
Source: GoGo News
GYMS AND SWIMMING POOLS CLOSED FOR 10 DAYS
Yesterday, the State Emergency Commission held a regular meeting and made the following decision. Two issues were discussed at the meeting and the decision was presented by T.Bayarkhuu, Secretary of the State Emergency Commission.
The Ministry of Health didn’t make a request to impose a strict lockdown. It made a request to restrict some operations. According to this, the SEC made the following decisions. Based on the increasing number of people and the possibility of further infections, the fitness center, sauna and swimming pool will be closed for 10 days from June 25, 2021. Furthermore, the decision to ban all restaurants and coffee shops from serving at the hall has been extended for 10 days. Resorts are also closed for 10 days.
As of today, 176 soums in 19 provinces imposed certain restrictions, and the decision of blocking inter-city traffic has not been made. Traffic out of the city is not restricted.
Source: GoGo News, Montsame
LENDMN TO OFFER BOND TO PUBLIC
Based on the FRC Resolution No.258 of June 23, 2021, the public offering of the 50,000 units of debt instruments worth MNT 5 billion, each instrument with MNT 100,000 nominal value and 14% annual coupon rate, offered by the ‘LendMN NBFI’ JSC and collateralized by its shares has been approved by the FRC.
‘Ulzii and Co Capital’ LLC is serving as the lead underwriter and ‘Rhinos Investment’ LLC as the supporting underwriter. The primary market trading orders will be received through MSE member brokerage companies during 10 am to 5 pm on June 25-29, 2021 and 10 am to 3 pm on June 30, 2021.
Click here to see prospectus of 'Lend Bond'.
Source: Mongolian Stock Exchange
FIRST MONGOLIA-EU DIALOGUE ON SANITARY AND PHYTOSANITARY RELATED ISSUES TAKES PLACE
According to a decision to establish a Mongolia-EU dialogue on sanitary and phytosanitary related issues, a Mongolia-EU subcommittee on trade and investment under the Mongolia-EU Joint Committee held its first meeting on June 21.
In 2020, Mongolia submitted a list of 70 products of 18 types of animal and plant origin to the European Commission for export to the EU. For instance, it is deemed possible to export items including sea buckthorn, sea buckthorn products, bio-fertilizer made of sheep wool, cedar nuts, cosmetics, leather, wool, cotton, yak wool, wool of young camel, animal intestines and by-products as well as others to EU, and increase their exports.
The dialogue on sanitary and phytosanitary related issues focuses on exchanging views on the requirements for exporting these products to the EU market and relevant regulations, cooperating and resolving the pressing issues in export.
Source: Montsame
IAAC: BUSINESS LICENSES TO BE ISSUED ONLINE, WITH MORE TRANSPARENT, OPEN PROCEDURE
Mr. Sainzorig, Head of the Legal Policy Department of the Ministry of Justice and Home Affairs of Mongolia, has briefed the public on the draft Law on License. The bill is expected to be adopted at the autumn Parliamentary session.
Mongolia adopted the Law on Business Licensing in 2001, the draft Law on License has been submitted to revise this law, which has been in force for 20 years
The Law on License is crucial for legislating how the state regulates certain types of business and economic activities and issues license. In addition to supporting and regulating the economy and business, licensing is a tool to ensure the public interest and to balance policies and interests in the rational use of a public property.
Currently, there are 914 licenses, permits, and certificates are issued in Mongolia and are currently regulated by more than 90 laws, making it difficult to coordinate in a unified manner.
Source: Montsame
ELIXIR ENERGY INTERSECTS THICK COAL AT WEST YANGIR-1
Elixir Energy (EXR) has provided an update on exploration work at its Nomgon IX Coal Bed Methane Production Sharing Contract (PSC) in Mongolia.
The energy stock is conducting an exploration and appraisal program which has, so far, proved to be encouraging.
Although the company experienced mechanical issues which made it difficult to drill the West Yangir-1 core-hole beyond the current 350-metre depth, the hole intersected 48 metres of coal.
Similarly, the Manlai-1S exploration well, which is located northwest of the PSC, encountered mechanical issues and didn't reach its target depth.
Elixir has now moved its drill rig to a new sub-basin in the PSC which has recently commenced drilling a new exploration well called "Kingston-1S." Encouragingly, this well has already encountered coal.
"The very thick total coals measured in the West Yangir-1 well have been highly encouraging, as has the discovery of coals in the drilling to date in the new Kingston location," Managing Director Neil Young said.
Source: The Market Herald, FinFeed
LEADING BANKING, FINANCE AND TECHNOLOGY COMPANIES HAVE ANNOUNCED THAT THEY ARE TAKING THEIR STRATEGIC PARTNERSHIP TO THE NEXT LEVEL
Ard Financial Group JSC (Ard), GrapeCity Mongol LLC (Grape), and MOST Fintech (MOST) signed a strategic partnership agreement in 2017. Today they confirmed this partnership and announced the start of the next stage of cooperation.
Grape, established in 2000, supplies banking software to 12 out of the 13 commercial banks operating in Mongolia. Ten of them use Grape's core banking system. Grape is taking steps to compete internationally.
MOST, Mongolia's first Fintech company, was established in 2008 with a mission to build a nationwide online payment infrastructure. It received the first and only license to operate a payment system network from the Bank of Mongolia. It has been providing Ard App's payment service infrastructure to more than one million users.
As part of the next stage of the partnership, Grape and MOST are looking to become publicly listed companies.
Source: Montsame
MONGOLIAN CASHMERE EXPORTED TO ITALY BY LAND ARRIVES IN 20 DAYS
Khanbogd Cashmere LLC shipped 20 tons of cashmere that meet international quality requirements and stardards to Italy on June 2 and the shipment arrived in Italy today, on June 22.
Ambassador of Mongolia to Italy Ts.Jambaldorj handed over the product to Falconeri S.R.L and Lanificio Luigi Colombo S.P.A companies.
Khanbogd Cashmere has previously been exporting its cashmere to Italy in 90 days through China and this time, by land, the cashmere reached its destination in 20 days.
10 of the 20 tons of cashmere holds the Mongolian Noble Fibre certification mark, which certifies that the product is made with 100 percent high quality wool and cashmere sourced from Mongolia, meets Mongolian and international standards for textiles and woven products, and fully complies with quality standards in environmentally-friendly manufacturing.
Source: Montsame
PETRO MATAD ANNOUNCES FINAL RESULTS FOR YEAR ENDED 31 DECEMBER 2020
Financial Highlights
At 31 December 2020, the Group's cash position was $939,000 including Term Deposits (Financial Assets) (31 December 2019: $2.8 million).
The Group's net loss after tax for the twelve months ended 31 December 2020 was $3.2 million (31 December 2019: loss $16.8 million).
No dividends have been paid or are proposed in respect of the year ended 31 December 2020 (2019: Nil).
Block XX Operational Highlights
During the course of 2020 Petro Matad focused on progressing the Block XX Exploitation Licence application, working closely with the relevant Mongolian government authorities.
The Company applied for and was granted a moratorium on Block XX whilst the Exploitation Licence application progressed.
A Competent Persons' Report for the northern part of Block XX including the Heron structure was prepared by independent reserves certifiers LEAP Energy. LEAP's total mean unrisked in-place oil resource estimation for the Heron structure was 194 million barrels, some 20% higher than Petro Matad's internal estimate.
Source: Energy-Pedia.com
See also: Petro Matad books loss as it develops Mongolia prospects
Petro makes progress with Block XX exploitation licence application
SECONDARY MARKET TRADING OF ‘INVESCORE BOND’ STARTS FROM JUNE 22, 2021
According to the official letter No.: 1/2187 of Chairman of FRC, dated on June 18, 2021, primary market trading of ‘Invescore Bond’ went successfully and gave the permission to launch the secondary market starting from June 21, 2021. The right to redeem extra payment will be effective.
The secondary market trading will start from June 22, 2021, after placing bond at Mongolian Central Securities Depository and exchanging relevant information.
Source: Mongolian Stock Exchange
PRINCIPAL OF THE AMERICAN SCHOOL OF ULAANBAATAR AWARDED FRIENDSHIP MEDAL
President of Mongolia Kh.Battulga awarded the Nairamdal “Friendship” Medal to Dr. Roger Dutcher, the Principal of American School of Ulaanbaatar, by the Presidential Decree No.104.
With joint recommendation and endorsement by the ASU, Ministry of Education and Science, and Ministry of Foreign Affairs, this medal was awarded to Dr. Dutcher in high recognition of his dedication and hard work to the education sector of Mongolia and for his valuable contribution to advance the friendly relations and cooperation between the United States and Mongolia.
During his 10-year tenure at the ASU, Dr. Roger Dutcher served as a teacher and the Principal of the American School of Ulaanbaatar. Previously, this medal has been awarded to numerous prestigious individuals such as Regional Director of WHO, Country Representative of The Asia Foundation, Regional Managing director of ING Bank, and distinguished scientists and diplomats.
Source: The UB Post
imposed strict restrictions, encouraging citizens to stay at home and forcing much of the service industry to close.
But after a slow start the region's vaccination drive is picking up pace and the burden on health services has eased, allowing some restrictions placed on services firms - which were already adapting to new operating conditions - to be lifted.
That led to a jump in
on the Comex market
HIGHER ON SUPPLY WORRIES
Chinese coke
Sea State, the West Kordofan state and the Northern State.
Sudan sold 13,327,657
The Policy for Strategic Minerals guarantees support to companies involved in the
policy, boost competitiveness, improve the legal environment, provide information to investors, and to intensify the
