• 3 Sep, 2019

EK ATTENDED MINING AND HEAVY INDUSTRY OPEN DOOR DAY

The Government of Mongolia is organizing Open Door Days at the central square to introduce its activities and offer government services to the public between September 17 to September 27.  Within the framework of the Government Open Door Days event being held these days, Ministry of Mining and Heavy Industry organized an open-door day event on September 25. More than 40 entities working in the mining industry, which accounts for 86 percent exports of Mongolia and one fourth of the country’s total budget revenue, are taking part to introduce their activities.

EK attended open door event to review Mining and Heavy Industry development and implementation program of 2019 to 2023. Moreover, largest mining companies in Mongolia Erdenet Mining Corporation, Oyu tolgoi, Erdenes Tavantolgoi, Darkhan Metallurgical Plant, Monrostsvetment and MAK as well as Mineral Resources Authority, Central Laboratory of Mining, University of Science and technology and Geological Research center introduced their operations.

Economy

·         Mongolia’s Growth to Ease to More Sustainable Levels in 2019 and 2020 — ADB

·         Miners earn the most

·         New project in agricultural sector to commence in 2020

·         Seeking ways to eliminate poverty together

·         Youth Unions relay public anger at slow renovation of UB-Darkhan road

·         National campaign to reduce traffic accidents launched

·         Mongolian mining boom threatens traditional herding – Editorial

Business

·         Mongolia tenders 10 MW solar plant in Khovd Province

·         Erdenes Tavan Tolgoi granted ISO certifications

·         Nine organizations to receive grants from Australia’s Direct Aid Program

·         Top mining companies present at Government Open Door Day event

·         Mongol Advocates: Trademarks

·         Xanadu Mines receives more evidence of potential shallow oxide gold resource in Mongolia

·         Golomt Bank makes climate action and sustainability central to its business through Principles for Responsible Banking

·         MIAT to lease Boeing 787-9 Dreamliner for direct flights to US

·         Kincora Releases First Copper-Gold Assays at Mongolia Project – Interview

ECONOMY

MONGOLIA’S GROWTH TO EASE TO MORE SUSTAINABLE LEVELS IN 2019 AND 2020 — ADB

Mongolia’s economic growth is expected to moderate but remain solid in 2019 and 2020 as the country moves to a more sustainable growth path.
In its Asian Development Outlook (ADO) 2019 Update, the Asian Development Bank (ADB) projects Mongolia’s economic growth at 6.7% in 2019 and 6.1% in 2020, from the 7.2% growth rate recorded in 2018. ADO is ADB’s flagship annual economic publication.
Growth in the first half of 2019 was boosted by strong domestic demand and expanding mining and construction sectors. The remainder of the year will see growth easing due to lower demand in the People’s Republic of China (PRC) and import growth fueled by domestic demand, according to the report.
“Economic growth was faster than expected in the first half of 2019,” said ADB’s Country Director for Mongolia Ms. Yolanda Fernandez Lommen. “Mongolia’s growth prospects continue to be positive going into 2019 and 2020, although slowing growth in the PRC will have an impact on Mongolia’s export sector.”

Source: ADB

MINERS EARN THE MOST

People working in the mining and quarrying sector earn the highest, with monthly salaries averaging 2.6 million MNT, whereas those working in accommodation and food services earn the lowest at around 700,000 MNT in Mongolia, according to the National Statistics Office.
The office released a new social and economic report for August. The report showed that the national average monthly wage reached 1.16 million MNT, up by 13.2 percent, or around 135,000 MNT, compared to the same period of last year. Experts assessed that the rise was attributed to wage rises in various sectors, mainly administrative and support assistance service, arts and entertainment sector, and construction sector.
Based on the report, employees working in the mining and quarrying sector earn double the national average wage rate and other high paying sectors are utility supply sector (1.49 million MNT a month), manufacturing (1.19 million MNT), and transportation and storage sector (1.18 million MNT).

Source: The UB Post

NEW PROJECT IN AGRICULTURAL SECTOR TO COMMENCE IN 2020

The document of a project ‘Formulation of master plan on the agricultural value chain’ was signed today by officials of the Ministry of Food, Agriculture and Light Industry (MOFALI), National Development Agency (NDA) and Japan International Cooperation Agency (JICA).
The 3-year project will commence in January 2020, to which JICA will render supports in the formulation of the Master Plan (MP) and its Action Plan (AP) to strengthen agriculture and livestock value chains that can effectively link production, distribution, processing and sale/export based on market needs.
The project will also conduct pilot activities such as promotion of processed vegetables and milk collection logistic improvement.
Agriculture and animal husbandry are one of the key industries in Mongolia, but the fields are being still encountered by challenges such as overgrazing, grassland degradation and unstable food production. In addition, technological modernization and improvement of distribution networks are demanded in the sector.

Source: Montsame

SEEKING WAYS TO ELIMINATE POVERTY TOGETHER

The national conference themed ‘Seeking ways to eliminate poverty together’ took place on September 25 at the Mongolian National Chamber of Commerce and Industry (MNCCI). The purpose of the conference is to support home or small businesses by domestic largest entities.
“To reduce poverty, we must raise citizens’ income through increasing jobs. By doings so, tangible achievements will be made. Domestic companies and entities will play important role in it. There are plenty of opportunities in businesses and economy. First of all we should encourage private sector,” Chairman of the MNCCI O.Amartuvshin said.
According to the 2018 study by the National Statistical Office, 28.4 percent of total population of Mongolia is living in condition underneath the poverty line. Comparing with the performance in 1995-1997 when it was 35 percent, substantial changes have not been made, attendees highlighted at the conference.

Source: Montsame

YOUTH UNIONS RELAY PUBLIC ANGER AT SLOW RENOVATION OF UB-DARKHAN ROAD

Earlier today (24 September), representatives from the Youth Union of Darkhan, Selenge and Orkhon Provinces held a press conference about financing issues and public anger over the reconstruction of the 205 km long highway between Ulaanbaatar and Darkhan. The road is being renovated with four-lanes and concrete surfaces in accordance with international standards.
According to the representatives, a Facebook group has been created for receiving complaints and problems from the public regarding the construction of the road. To continue their public awareness campaign, they plan to hold a photo exhibition on Ulaanbaatar’s Sukhbaatar Square on 15 October to the show process of road construction and the many potholes which have caused so many accidents in the past. According to the group, more than 300 people have died and other 100 have been injured in over 200 accidents on the road between Darkhan and Ulaanbaatar in the first half of 2019 alone! In addition, 57 criminal cases have been filed in connection with road accidents.

Source: News.mn

MONGOLIA LAUNCHES NATIONAL CAMPAIGN TO REDUCE TRAFFIC ACCIDENTS

Mongolia launched a national campaign on Tuesday to reduce traffic accidents, local authorities said.
The two-month campaign, co-organized by the country’s Ministry of Road and Transport Development and the Traffic Police Department, aims to promote safe driving.
During the campaign, the organizers will offer information about the consequences of traffic accidents via traditional and social media, and give lectures on how to prevent road accidents and drive safely, according to authorities.
In addition, police officers are expected to carefully monitor existing surveillance cameras along roads and intersections, authorities said.
“Many people have been dying on roads in Mongolia, which is one of the most peaceful countries in the world. So, we are launching the campaign called ‘Let’s Follow Traffic Rules’ to reduce road accidents and create a traffic safety culture,” Enebish Bukhbat, head of the prevention division at the Traffic Police Department, told a press conference.

Source: Xinhua

MONGOLIAN MINING BOOM THREATENS TRADITIONAL HERDING – EDITORIAL

Exploring the vastness of Gobi Desert in the 13th century, Marco Polo proclaimed it to be filled with “extraordinary illusions.” Today, Oyu Tolgoi, one of the world’s largest copper-gold mines, rises among Mongolia’s traditional herding lands, shimmering like an illusion across the steppe’s treeless, grassless plains.
Mineral-rich Mongolia, labelled “the next Qatar” by The Economist, is experiencing an unparalleled mining boom. But as mega-mines like Oyu Tolgoi ramp up production, they are creating distrust and conflict with herder communities.
The rapid rise in mineral extraction now raises the question, “Can herding survive mining?”
Today, these adaptive strategies are being further threatened by resource extraction. Mines can have negative environmental and socioeconomic impacts on herder livelihoods, from landscape degradation, dust emissions and water pollution, to a loss of traditional practices, community displacement and corruption.

Source: The Conversation

BUSINESS

MONGOLIA TENDERS 10 MW SOLAR PLANT IN KHOVD PROVINCE

Mongolia’s Ministry of Energy is seeking contractors to develop and construct a 10 MW solar power plant in Khovd, the administrative centre of the province of the same name in the westernmost part of the country.
The project is backed by the World Bank’s International Development Association, which offers concessional loans and grants to the world’s poorest countries.
The selected developers will also be required to build a 35/110 kV substation and a 110 kV overhead transmission line to connect to the nearby Myangad substation and will provide operations and maintenance services for three years after the solar project is commissioned.
Developers have until November 15 to submit their bids.

Source: News.mn

ERDENES TAVAN TOLGOI GRANTED ISO CERTIFICATIONS

Within the integrated management system “Erdenes-Tavantolgoi” JSC introduced international ISO 9001, 14001 and 45001 standards to their operations. On September 18, 2019 representatives of “Erdenes-Tavantolgoi” JSC, Mr. Batsaikhan Bekhbaatar /Director of business management/ and Mr.Erdenekhuyag Navaandemberal-/Branch director/  are obtaining the certification in ISO standards, awarded by Mrs. Myriam Augereau-Landais Director of International business at the AFNOR group headquarter in Paris.
In preparation on comprehensive development of the Tavantolgoi deposit and preparation to conduct an IPO by selling up to 30% of the company shares on the international and domestic stock markets since 2017, company started preparation work for the implementation of standards, as ISO 9001: 2015 Quality management, ISO 45001: 2018 Occupational Health and Safety management and ISO 14001: 2015 Environmental management.
In consultation with “MonCertf” LLC, ETT established a working group with an international consultant of the “AFNOR” group, which conducted a preliminary audit to verify standards.

Source: Montsame

NINE ORGANIZATIONS TO RECEIVE GRANTS FROM AUSTRALIA’S DIRECT AID PROGRAM

Projects selected in 2019-2020
1. Integration and rehabilitation of children with disabilities through sports by the Mongolian Para Boccia Federation
2. Economic empowerment of women through green use promotion by Special Centre for Social Protection under City Mayor Office
3. Improving the Livelihood of the Rural Vulnerable Families through Developing Hydroponic Advanced Technology by Bridge of Health Development NGO
4. Sergelt Mobile Drop-in Centre by Good Neighbour Society
5. Strengthening Call-Recall System of Cancer Screening
6. Sewing Up Mongolia by Family Agricultural Resources Mongolia
7. Protection Service in Bulgan soum, Bulgan province
8. Vocational Training Space for Boys in Prison by Christina Noble Children Foundation
9. Strengthening Acute Medical Care through Capacity Building in Tsogtstsetsii intersoum hospital and RDTC in Dalanzadgad by MDG 1 Collaborating Centre for Emergency and Essential Surgical Care at MNUMS

Source: Montsame

TOP MINING COMPANIES PRESENT AT GOVERNMENT OPEN DOOR DAY EVENT

Within the framework of the Government Open Door Days event being held these days, Ministry of Mining and Heavy Industry is organizing an open door day event on September 25. More than 40 entities working in the mining industry, which accounts for 86 percent exports of Mongolia and one fourth of the country’s total budget revenue, are taking part to introduce their activities.
Presentations on domestically-assembled eco bus by companies of the National industrial council, copper concentrate plant project by Industrial and technological park, methane gas plant project by Erdenes Methane, a subsidiary company of Erdenes Mongol LLC and Monatom were made during the event being held at the central square. Moreover, largest mining companies in Mongolia Erdenet Mining Corporaiton, Oyutolgoi, Erdene Tavantolgoi, Darkhan Metallurgical Plant, Monrostsvetment and MAK as well as Mineral Resources Authority, Central Laboratory of Mining, University of Science and technology and Geological Research center introduced their operations.

Source: Montsame

MONGOL ADVOCATES: TRADEMARKS

In case of a dispute in connection to the unfair competition and conflict of interests of your trademark, the trademark owner is entitled to apply a request for declaration of your mark as well-known in Mongolia him/herself or through representation of an authorized intellectual property agent to the Dispute Settlement Committee of the Intellectual Property Office of Mongolia.
For this purpose, the trademark owner shall file an application only in relation to one trademark and such request shall include, aside from providing basic personal and business information on the applicant and/or the authorized intellectual property agent, following information:

Source: Mongol Advocates

XANADU MINES RECEIVES MORE EVIDENCE OF POTENTIAL SHALLOW OXIDE GOLD RESOURCE IN MONGOLIA

Xanadu Mines Ltd has received broad high-grade results from the Golden Eagle oxide gold target at its flagship Kharmagtai project in southern Mongolia.
These results from nine shallow drill holes are encouraging and indicate the potential for a near-surface oxide resource.
The potential for alluvial gold above Golden Eagle is also being assessed with promising results to date.
Xanadu’s chief executive officer Dr Andrew Stewart said, “We are very pleased by the first drill results from the oxide zone at Golden Eagle.
“This represents the largest zone of oxide gold at Kharmagtai and this initial drill program is designed to expand the system and confirm continuity of oxide gold mineralisation.”
One hole returned 30 metres at 1.34 g/t from 37 metres, including 8 metres at 3.34 g/t from 38 metres and within this was 6 metres at 3.94 g/t from 40 metres.

Source: Proactive Investors

GOLOMT BANK MAKES CLIMATE ACTION AND SUSTAINABILITY CENTRAL TO ITS BUSINESS THROUGH PRINCIPLES FOR RESPONSIBLE BANKING

Golomt bank became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change.
By signing the Principles for Responsible Banking, Golomt bank joins a coalition of 130 banks worldwide, representing over USD 47 trillion in assets, in committing to taking on a crucial role in helping to achieve a sustainable future.
Taking place at the start of the UN General Assembly, the official launch of the Principles for Responsible Banking marked the beginning of the most significant partnership to date between the global banking industry and the UN. “The UN Principles for Responsible Banking are a guide for the global banking industry to respond to, drive and benefit from a sustainable development economy.

Source: GoGo News

MIAT TO LEASE BOEING 787-9 DREAMLINER FOR DIRECT FLIGHTS TO US

Mongolian Airlines, MIAT, the country’s national carrier has signed an agreement with the American Air Lease Corporation to lease a Boeing 787-9 Dreamliner aircraft capable of long-haul direct flights to the USA. The plane is expected to arrive in Mongolia and be put into operation by 2021; the two sides have yet to agree on price.
The Boeing 787-9 Dreamliner, is a wide-body aircraft with great range flexibility and twin-engines, uses 20 percent less fuel than similarly-sized airplanes of Boeing, such as the Boeing 767. New engines, the increased use of lightweight composite materials and more efficient systems applications all contribute to the 787’s overall performance.
MIAT is working to open four new destinations and plans to operate direct flight to the USA starting from 2021 after gaining the all-important nonstop flight permit.

Source: News.mn

KINCORA RELEASES FIRST COPPER-GOLD ASSAYS AT MONGOLIA PROJECT – INTERVIEW

Peter Epstein of Epstein Research speaks with Peter Leaman, SVP exploration of Kincora Copper, after the company released the first of its drill results.
Peter Epstein: Can you please provide an overview of your background and your role at Kincora?
Peter Leaman: Yes. I have 40 years’ exploration experience, 28 with BHP, and I’m still involved with PanAust (since 2010). I’ve witnessed firsthand multiple copper and gold discoveries, including the Reko Diq deposit. My current role at Kincora is senior vice president of exploration.
I joined Kincora in late 2016, after the company consolidated the dominant position in the Southern Gobi copper-gold belt and regained full access to the Bronze Fox project. I am a member of the technical committee including Chairman John Holliday.

Source: StreetWiseReports.com

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