Mongolia-Russia relations and cooperation documents signed
By B. Khuder
Ulaanbaatar, September 3 (MONTSAME) In frames of the working visit of the Russian President Vladimir Putin to Mongolia, the two countries’ Ministries and state bodies Wednesday established documents on the bilateral relations and cooperation.
Present at the signing ceremony were the two Presidents, Ministers and other high officials.
A visa-free agreement was signed by Mr L.Bold, the Minister of Foreign Affairs of Mongolia, and his counterpart of the Russian Federation Mr Sergei Lavrov.
The two countries also inked intergovernmental agreements on readmission and on protection against fires. A cooperation memorandum was established between Mongolia’s Ministry of Road and Transportation and Russia’s Ministry of Transportation on the civil aviation sector.
The signed documents also include an agreement on the establishment of a trans-border wildlife reserve "The Source of the Amur River"; a protocol on technical military assistance to Mongolia free of charge; an agreement on readmission; an agreement on cooperation between the Ministries of Justice; a memorandum on the development of trade-and-economic relations; a memorandum on mutual understanding between Aeroflot and "MIAT-Mongolian Airlines"; and an agreement between Rosneft petroleum company and the Mongolian Ministry of Education and Science on the training of Mongolian nationals in the Rosneft partner institutions of higher learning.
Wreaths laid to statue of Marshal G.K.Zhukov
By B. Khuder
Ulaanbaatar, September 3 (MONTSAME) At the end of his working visit, the President of the Russian President Mr Vladimir Putin together with the Mongolian leader Mr Ts.Elbegdorj laid wreaths to the statue of Marshal G.K.Zhukov on Wednesday.
The same day, the Russian President had a banquet with the Khlakh Gol Battles veterans. There are 34 war veterans alive in Mongolia and five in Russia.
Mongolia and Thailand combine their brand products
By B. Amarsaikhan
Ulaanbaatar, September 3 (MONTSAME) An exhibition of fabric and clothing made of the Mongolian cashmere-Thai silk mixture materials opened in a “Siam Paragon” exhibit hall of Bangkok city on September 2.
This has become an outcome of the discussion run between Mongolia and Thailand PMs during the latter's official visit to Mongolia last year in April.
At the opening of the exhibition, the Mongolian Ambassador Extraordinary and Plenipotentiary to the country Ch.Battomor expressed his belief that the cashmere-silk product will draw both domestic and world markets attention, and noted that the successful realization of the joint project will bring important progress to Mongolia-Thailand trade and economic cooperation.
At the exhibition, co-organized by the Mongolian Embassy and the Ministry of Industry of Thailand, representatives of six Mongolian companies got au fait with technology of processing this mixture and shared ideas with Thailand counterparts on further cooperation.
Development banks sign note of obligation
By B. Amarsaikhan
Ulaanbaatar, September 3 (MONTSAME) In a scope of working visit of the Russian President Putin to Mongolia, the Development banks of Mongolia and of Russia agreed on trades with national currencies and signed an obligatory contract, addressing other cooperation as well.
The delegation of the visit includes Sergei Lykov, a managing director and board member of Development Bank of Russia (VnyeshEconomBank). He was at a meeting with N.Batbayar, the Minister of economic development on Wednesday morning. The two shared opinions on bilateral economic issues and inked the note of obligation. This document addresses issues of advanced cooperation in economic sector, financing of the bilateral trade projects, and use of own national currencies (MNT and RUB) when trading certain range of items. "One of the advantages of trade with the national currencies is a tendency of increased export from Mongolia to Russia,"expects B.Munkhbat, a director of Development Bank.
Development Bank of Russia is to provide USD 74 million of investment for the extension of Thermal Power Station-4. This project is funded by Development Bank of Mongolia, with no involvement from the government, and is distinctive as it is a cost-recovery project.
Stock exchange news for September 3
By B. Khuder
Ulaanbaatar, September 3 (MONTSAME) At the Stock Exchange trades on Wednesday, a total of 30 thousand and 239 shares of 17 JSCs were traded costing 15 million 915 thousand and 895.00 togrog.
"E-trans logistics” /15 thousand and 960 units/, “Olloo” /5,000 units/, “Silikat” /5,000/, “APU” /1,539/ and "Moninjbar” /1,309 units/ were the most actively traded in terms of trading volume, in terms of trading value were "APU” (MNT five million 821 thousand and 250), "Talkh chikher” (MNT three million 367 thousand and 340), "Sharyn gol” (MNT one million 555 thousand and 700), "E-trans logistics” (MNT one million 407 thousand and 018) and "Gobi” (MNT one million 098 thousand and 100).
The total market capitalization was set at MNT one trillion 623 billion 433 million 221 thousand and 131. The Index of Top-20 JSCs was 15,710.28, decreasing 237.49 units or 1.49% against the previous day.
Mongolia Needs to Integrate Water into Energy and Mining Development Plans
September 3 (ADB) STOCKHOLM, SWEDEN – With water becoming increasingly scarce, Mongolia needs to take steps to include water resource considerations in its development planning for energy and mining, according to a new study by the Asian Development Bank (ADB) and Mongolia’s Ministry of Environment and Green Development (MEGD).
“The mining industry and thermal power stations are thirsty for Mongolia’s increasingly scarce water,” said Ayumi Konishi, Director General of ADB’s East Asia Department. “In Mongolia, as elsewhere, it’s critical to consider water and energy use side by side.”
The agriculture sector was until recently the dominant consumer of water in Mongolia. However, this is changing quickly due to the rapid development of the mining industry and growing energy demand. In 2013, mining accounted for 82% of exports and 18.5% of gross domestic product. Meanwhile, demand for electricity from the mining, other industry and residential sectors is expected to rise fivefold from 2012 to 2030. Many new energy production facilities and mining operations are planned for areas where water is most scarce.
The study, Demand in the Desert, was launched today during “Eye on Asia”, a program of activities convened by ADB as part of World Water Week in Stockholm, Sweden. The study assesses the water- energy situation at the national level and in the Tuul River Basin and Galba-Uush Doloodin Gobi Basin.
The Tuul River Basin provides much of Ulaanbaatar’s water and is also likely to be the site for a new coal-fired plant to generate an additional 1,650 megawatts of power. The new facilities will increase competition for water. The study shows that water is already scarce and predicts water shortages as early as in 2015 as existing groundwater reaches the limits of maximum utilization.
The Galba-Uush Doloodin Gobi basin, the site of large mines including Tavan Tolgoi and Oyu Tolgoi as well as energy facilities, will be a major water user by 2020. Major new mining operations and a new coal fired power station will dramatically increase water demand Though immediate water shortages are not expected, an estimated 108.2 million m3 of water will be consumed annually by 2025. This will likely create more conflicts over water with local communities and traditional herders.
In addition to integrating water resource considerations into energy and mining developments, the study also urges Mongolia to promote energy efficiency in homes and industry, better rainwater collection and more recycling of wastewater. New energy facilities should be designed to minimize water use, while better payment systems such as water use fees and pollution fees could improve energy and water efficiency. These measures need to be supported by better water management institutions.
Given the importance of water to development in Mongolia, ADB will help prepare a country water security assessment that will examine the household, urban, economic, environmental, and disaster resilience dimensions of water security.
Mongolian defeats Romanian Grand master
By B. Amarsaikhan
Ulaanbaatar, September 3 (MONTSAME) International Grand chess master Mongolian T.Batchimeg defeated Romanian Grand master Alian L’Ami at the eighth game (2346) on Tuesday.
Three games left until the end of the FIDE Women Grand Prix in Sharjah of United Arab Emirates. Today she is to have a board with Nafisa Muminova from Uzbekistan at the game nine. Fro the time being, the Chinese Hou Yifan and Ju Wenjun are leading the tournament with 6.5 each, our Batchimeg with 5.5 points id the third.
Shooters to compete in ISSF World Shooting Championships
By B. Khuder
Ulaanbaatar, September 3 (MONTSAME) Shooters of our national selected team is to head to Spain on Thursday to take part in the 2014 ISSF World Shooting Championship.
The events will run September 6-20 in Granada city.
The Mongolian men and women’s teams have 12 shooters, including State Honored Sportswoman and Olympic silver medallist O.Gundegmaa who will compete in the women’s 25 m pistol contest together with international masters of sports Ts.Monkhzul and T.Bayartsetseg.
Eight will compete in the men and women’s rifle events, E.Davaakhuu IMS will shoot in the men pistol event. Masters of sports B.Buyanbaatar, O.Togoldor and Sh.Buyanzaya will appear in the youths contests.
The teams have been headed by V.Otgondemberel, the honorary president of the Shooting Sports Federation of Mongolia; and by Ch.Erdenetuya, a chair of the national team. Coaches are L.Undralbat, a State Honored Coach, and S.Adilbish IMS.Link to article