Mongolia Brief August 11, 2014 Part II
Minister
of Road Visits Russia
By B. Khuder
Ulaanbaatar,
August 11 (MONTSAME) Mongolia’s Minister of Road and Transportation A.Gansukh
paid a working visit to the Russian Federation on August 6-9 by invitation of
the Russian Minister of Transportation M.Yu.Sokolov.
The Ministers
discussed the bilateral cooperation in the transportation sector and shared
views on the railway transit transport, technical renovation of the Ulaanbaatar
Railway Joint Venture, collaboration in civil aviation, cooperation between the
Mongolian Airlines (MIAT) and the Aeroflot. They also considered ways of
expanding the cooperation and reached a mutual understanding in some issues.
Mr Gansukh also
legged the Air Transportation Agency of Russia, the Civil Aviation University
at the Moscow State University, and the “Aero Soyuz” helicopter factory.
Mongolia-Japan
Business Forum Runs
By B. Khuder
Ulaanbaatar,
August 11 (MONTSAME) A Mongolia-Japan business forum ran last Friday in
Ulaanbaatar.
This was a
continuation of the Mongolia-Japan business forum co-organized by Mongolia’s
government and the Japan Business Federation (KEIDANREN) last month in Japan in
a scope of the President's visit to the country, and was held in accordance
with a cooperation memorandum between the Mongolian Ministry of Industry and
Agriculture and Japan’s Shizuoka Prefecture.
During the
forum, officials and businessmen of Shizuoka Prefecture expressed a willingness
to collaborate, whereas the Mongolians said they want to export products to
Japan and to import new and second-hand products from Japan by taking some
loans.
The Japanese
side decided to involve Mongolian engineers in long-term training at
middle-sized power stations in the Prefecture.
Related:
Mongolia-Japan Business
Forum concludes – news.mn, August
11
Vice
Speaker Gives Interview to ITAR-TASS
By B. Khuder
Ulaanbaatar,
August 11 (MONTSAME) On Monday, a Vice Chairman of the State Great Khural
(parliament) and head of the Mongolia-Russia inter-parliamentary group
L.Tsog gave an interview to Russia’s ITAR-TASS news agency.
Mostly focused
on the Mongolia-Russia relations and cooperation, the interview was taken by
P.A.Myltsev. He asked about a preparation for the 75th anniversary of the
Khalkh River Battles Victory.
Mr Tsogt said
Mongolia is attaching a great importance to this anniversary, some specific
measures have been planned for it. For instance, the Mongolian side intends to
co-organize joint military field exercises, a scientific conference themed
“Khalkh River-75: History and Lesson”, competitions among secondary school
pupils, and to issue a honorary medal for the anniversary and to award war
veterans.
Moreover, the
Vice Speaker talked about the bilateral ties and cooperation such as visas,
transportation and road issues.
Stock
Exchange News for August 11
By B. Khuder
Ulaanbaatar,
August 11 (MONTSAME) At the Stock Exchange trades held Monday, a total of 14
thousand and 646 shares of 15 JSCs were traded costing MNT 27 million 518
thousand and 894.00.
"Olloo”
/5,000 units/, "Silikat” /5,000 units/, "Tavantolgoi” /2,834 units/,
"Gobi” /634 units/ and "Mon-it buligaar” /300 units/ were the most
actively traded in terms of trading volume, in terms of trading
value--"Tavantolgoi” (MNT 13 million 827 thousand and 750), "Gobi”
(MNT four million 989 thousand and 605), "UB-BUK” (MNT four million and
012 thousand), "Mon-it buligaar” (MNT one million and 950 thousand) and
"Silikat” (MNT one million and 150 thousand).
The total
market capitalization was set at MNT one trillion 598 billion 461 million 551
thousand and 041. The Index of Top-20 JSCs was 15,905.02, decreasing by MNT
249.30 or 1.54% against the previous day.
Press
release: Oyu Tolgoi is building sports centre in Manlai soum
August 8 (Oyu Tolgoi) - Foundation stone
laid for the 250 seats sports centre fully equipped with modern equipment –
Ulaanbaatar,
Mongolia - As part of the celebrations of the 90th anniversary of the
establishment of Manlai soum in Umnugovi aimag, Oyu Tolgoi and local government
representatives yesterday broke ground and laid a foundation stone for a new
sports centre.
O.Bat-Erdene,
Chairman of the Manlai soum’s Citizen’s Representatives Khural said at the
ceremony, "I am very pleased that Oyu Tolgoi, fulfilling its social
responsibility, decided to build a modern sports centre on the eve of the
historic anniversary of our soum. This will be a very significant development
project. This sports centre will play an important role in providing our
community with opportunities to enjoy healthy lifestyles and enable children
and young people to spend their leisure time in sports activities."
Oyu Tolgoi’s
General Manager for Communities Sh. Baigalmaa said, "We have a saying
‘close neighbors are of one mind’ expressing our tradition of mutual respect
and assistance to each other. So, in keeping with this tradition, we are always
happy to work with the Manlai community. The facility will be commissioned next
year, and its construction will be done by Mongolian national companies fully
financed by Oyu Tolgoi."
The sports
centre will have 250 seats and be fully equipped with modern sports equipment
and facilities to promote the health, safety, and comfort of athletes and the
public.
Manlai Governor
R.Burmaa said, "Oyu Tolgoi works with our soum very effectively in many
areas including agriculture, education, and health. Local residents are
grateful that Oyu Tolgoi is making a tangible investment in constructing this
sports centre and is making a significant contribution to development of our
soum."
Last year, Oyu
Tolgoi built a similar sports facility in Bayan-Ovoo soum of Umnugovi aimag.
A.Battsetseg
Becomes World Junior Champion
By B. Khuder
Ulaanbaatar,
August 11 (MONTSAME) An international master of sports and Asian junior
champion has won a gold medal in the Junior World Wrestling Championship which
ran August 5-10 in Zagreb, Croatia.
She competed in
the women’s 55 kg contest. Having a bye in the first bout, Battsetseg beat all
her opponents from China, Germany, Japan and Ukraine. Thus she has become the
7th World Junior champion of Mongolia and the 3rd woman to receive the gold
medal for Mongolia.
Another woman
B.Nyamgerel grabbed a bronze medal in the 63 kg category division. She was
defeated by a Russian at the semi-final bout.
As the team
result for women, Mongolia took 6th place by collecting 26 points. The Japanese
team led the women’s competitions of freestyle wrestling with 57 points,
followed by Russia (45 points) and Azerbaijan (33 points).
Male wrestlers
have not won medals.
Related:
A.Battsetseg wins the Junior
Wrestling World Championships – news.mn,
August 11
2020
National Olympic team to train in Japan
August 11
(news.mn) Deputy Minister of Culture, Sport and Tourism M.Tumenjargal met
Japanese officials, including Shizuoka Prefectural Vice-Governor Taka Hideki,
last Thursday, August 7th.
At the meeting,
both sides agree to train the national team of Mongolia for the 2020 Olympics
in Shizuoka Prefecture in Japan.
The two parties
also agreed to link the travel companies of the two countries to boost tourism
and travel and to conduct bilateral meetings.
Officials from
Shizuoka Prefecture expressed willingness to work more closely with cultural
organizations in Mongolia and agreed to implement student cultural and sports
exchange programs for primary and secondary school children.
Mongolia-Korea
Economic Forum begins
August 11
(news.mn) The Mongolia-Korea Economic Forum will be held through August 12th.
At the forum, parties will seek ways to expand further bilateral relations in
the field of politics and business in a wider range. Forum
representatives will tour massive projects in Mongolia, including the Tavan
Tolgoi and Oyu Tolgoi sites and Korean companies in Mongolia. From the
Mongolian side, bids to build a free trade agreement with Korea, bring Korea's
high-tech resources to Mongolia, train qualified personnel in Korea, and to
train a Mongolian workforce there were key issues covered at the forum.
Chair of the
Mongolia-Korea NGO G.Batkhuu, Head of the Korea-Mongolia Cooperation Forum Jung
Jang Son, CEO of Erdenes Tavan Tolgoi LLC Ya.Batsuuri, President of Korean Air
Lines Chi Chang Hun, Ambassador Extraordinary and Plenipotentiary of Mongolia
to the Republic of Korea B.Ganbold, and representatives from both countries
governments and parliaments are in attendance.
Organizers of
the Mongolia-Korea Economic Forum say that the event aims to support economic
cooperation and develop mutually beneficial, friendly relations between the two
countries.
Prime
Minister meets Russian Minister of Natural Resources and Ecology
August 11
(news.mn) Prime Minister of Mongolia N.Altankhuyag met Russian Natural Resources
and Ecology Minister S.E.Donskoi on Friday, August 8th.
At the
beginning of the meeting with Mr S.E.Donskoi, Prime Minister N.Altankhuyag
said, “Our country is planning to celebrate the 75th anniversary of the
Khalkh Gol Battle victory this month. I appreciate that the Russian side places
importance on this historic celebration and plans a high level of participation
for it.”
Mongolia places
great importance on a visit by Russian President V.Putin to Mongolia in
September, and is preparing for the visit.
The Russian
Natural Resources and Ecology Minister and Russian Chair of the Mongolia-Russia
Intergovernmental Commission, S.E.Donskoi, reported that the sides evaluated
the implementation results of decisions made at previous commission meetings, discussed
intensifying the current course of implementation, and exchanged information.
South
Korea and Mongolia cooperate economically hand in hand
By B.
Enkhtsetseg
August 11 (Mongolian
Economy) South Korea, a nation with a GDP of USD 23,600, is home to the 12th
largest economy in the world. Starting today, South Korea sent business
representatives to Mongolia to participate in a two-day event called the
Mongolian and Korean Economic Forum. This meeting aims to intensify bilateral
and economic partnership between both countries in addition to pushing the
initiative to build a free trade agreement, adopting high technologies,
incentivizing students to pursue studies in South Korea and providing licenses
to Mongolian businesspeople to conduct their enterprises.
According to
the Mongolian Ambassador to South Korea, B. Ganbold, Mongolian passengers to
South Korea reached 100,000. In 2013, trade between both nations amounted to
USD 500 million. Next year also marks the 25th year of diplomatic ties. The
Speaker of Parliament and the Foreign Affairs Minister paid an official visit
to South Korea this year. This forum is one of two main events following the
trip.
Mongolians who
have traveled to South Korea are now using visa facilitation, placing smaller
amounts of money within their bank accounts for travel. The burdens of the visa
process have also diminished, allowing for greater ease of travel. Korean
officials said that Mongolia has vast land and is rich in mineral resources,
but it has a small population and weak infrastructure. Both countries can work
together to fix each other’s problems and share each other’s successes. A
member of the Democratic Party of South Korea also emphasized the tourism
sector as Mongolia is now one of the top destinations of South Koreans.
South Korea
currently ranks in 17th place according to the innovation indicator of the
world. South Korea would like to partner with Mongolia due to its abundance of
natural resources. Mongolian representatives said that South Korea uses rare
earth minerals on a massive scale thus Mongolia will act as a supplier.
The Director of
Mongolian Business Council, B. Byambasaikhan, says that if you invest capital
worth over MNT 500 billion, you can establish an investment agreement with the
government that will get rid of custom and value-added taxes. Thus, Mongolia
can further invest in infrastructure, energy and transportation.
“Daelim”
Corporation and Erdenes Tavan Tolgoi signed a memorandum last winter and signed
an official agreement today to cooperate in real estate and coal
transportation. “Daelim” will serve as a transporter of 1 million tons of coal
per year from ETT. However, the Director of “Daelim” is worried about payment
for their service as he is concerned of ETT’s ability to pay in full. Also, ETT
began cooperation with Korea Gas six months ago and will further collaboration
on methane gas in the coal.
The Mongolia-
Korea Economic Forum will end tomorrow with a trip to Erdenes Tavan Tolgoi.
Business representatives from both sides hope to hold this event twice a year
from now on.
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