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.
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.
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.Link to article