Tuesday, December 23, 2014

Mongolia Brief December 22, 2014 Part I

Turkish Investors Ready to Develop Mongolia’s Greenhouse Cultivation by Investing 100 Million USD
December 22 (infomongolia.com) On December 19, 2014, Minister of Food and Agriculture, Mrs. Radnaa BURMAA received in her office the Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Mongolia, Mr. Murat Karagoz.

During the meeting, Minister R.Burmaa noted, “A planned introductory tour-meeting with purposes to seek cooperation possibilities in Mongolia’s food and agricultural sphere was postponed, and therefore the partnership in this sector and other potential areas are intended to move forward and implement in the near future. Also, we would like to extend our gratitude to the Turkish International Cooperation and Development Agency (TIKA) for successful implementing and financing the project to acclimatize 20 heads of reindeer from Tyva Republic in Khuvsgul Aimag. Moreover, we would like to note that the Turkish side expressed its interest to invest 100 million USD in developing Mongolia’s greenhouse cultivation”.
In response, Ambassador M.Karagoz said, “Nevertheless, the above mentioned tour-meeting was postponed, but we are ready to collaborate with newly appointed Minister for Food and Agriculture to boost cooperation”.
The meeting was concluded reaching consensus on arranging meeting between the Ministry, Embassy and TIKA as well as to develop further cooperation tasks and plans. Also, parties ensured to collaborate on implementing projects and programs through conducting trainings and introducing technology into Mongolia under TIKA as well as to negotiate a date of Mongolian delegation’s visit to Turkey.
Moreover, Minister R.Burmaa requested the Ambassador to convey greetings and invitation to Minister of Food, Agriculture and Livestock of Turkey, Mehmet Mehdi Eker to visit Mongolia in 2015. 

Chess Tournament Named after Chin Van Khanddorj Starts
By B. Khuder
Ulaanbaatar, December 21 (MONTSAME) On occasion of the 103rd anniversary of modern diplomacy of Mongolia, the chess tournament named after Chin Van (Duke) Khanddorj, the first Minister of Foreign Affairs of Mongolia, kicked off Saturday in the Ministry of Foreign Affairs.
The Minister of Foreign Affairs L.Purevsuren opened the events, emphasizing that the Ministry organizes this tournament every year for the anniversary of the Mongolian modern diplomacy instead of running a wrestling tournament because "diplomats are the independence fighters armed with pens, they carry out the works at the international field. This is a big chance to propagandize Mongolia to the world".
During the opening ceremony, a president of the Mongolian Chess Federation G.Zandanshatar gave the FM a certificate of honorary president of the federation.
Organized for the 23th year, the tournament attracted 66 top players of Mongolia, ten players from the Ministry and ten young players who achieved successes in international competitions. 

Former Mining Minister D.Gankhuag to Chair Mongolia-Japan Parliamentary Group
December 22 (infomongolia.com) Following a recent decision issued by Deputy Speaker of the State Great Khural (Parliament) R.Gonchigdorj, concurrent Head of Parliamentary Group; a member of Parliament Mr. Davaajav GANKHUYAG is appointed as the Chairman of Mongolia-Japan Parliamentary Group at the Parliament.
Former Mining Minister, MP D.Gankhuyag used to chair the Group in 2004-2008 and 2008-2011 and since the 2012 Parliamentary elections, the Mongolia-Japan Parliamentary Group has been chaired by D.Erdenebat.
However, the MP D.Erdenebat is appointed as Minister for Industry of new Coalition Government, the Deputy Speaker promoted MP D.Gankhuyag to chair the Group.
Parliamentarian D.Gankhuayg graduated from Tokyo University of Foreign Studies in 1985 and Kyoto Institute of Technology in 1989 as chemical technology engineer. He has started his career as technologist and engineer at “Gobi” Company and later served as President of “Bridge” Group in 1993-2004. Since 2004, D.Gankhuyag has been a member of the State Great Khural and Minister of Mining in 2012-2014.

Mayor’s Visit to San Francisco Concluded
By B. Amarsaikhan
Ulaanbaatar, December 22 (MONTSAME) Ulaanbaatar Municipality delegation led by the Mayor E.Bat-Uul visited San Francisco of the USA on December 19 and then left the city December 20 to visit Auburn of the state of Georgia.
In San Francisco, the delegation visited City Municipality to meet leaders of several Departments. Ms Una Fannon, the director for International Business Development, spoke how the city became a leading innovative city through promoting new initiatives in biotechnology and IT with economic and taxation policies and implementing enormous projects on establishing technology parks. After this the two sides discussed development policies of Ulaanbaatar and San Francisco and joint frameworks to be implemented. Ulaanbaatar is to expand its cooperation with San Francisco, and the policies for promoting economic innovations and establishing technological parks are to be practiced in our city. Another leg of the visit was a meeting with professors James  Fishkin and Alice Siu from the Department of Communications of the Stanford University. The Mayor discussed with them a current status of the democracy in Mongolia and shared opinions on improving citizens’ participation in the decision-making of local administrations and on Deliberative Democracy. The professors of the Stanford University, who are studying the Deliberative Democracy in Asia, agreed to cooperate in introducing this type of democracy in Mongolia.  
The same day, the Mayor visited the Consulate of Mongolia to San Francisco to meet the Mongolians who live in this city. Mr Bat-Uul highlighted the works the UB city Municipality is running to improve the infrastructure, to strengthen good governance, and to fight against corruption. He also expressed opinions on how to improve the involvement of Mongolians abroad in making Ulaanbaatar a city of global standards. Present at this meeting were representatives of the Bay Area Mongolians, the Union of Mongolian Women, the Union of Mongolian Students, The Association of Shagai Shooting, “I am Mongolian” school at the “Ger” children’s center in Oakland. 

Stock Exchange Weekly
By B. Khuder
Ulaanbaatar, December 22 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange December 15-19 of 2014. In overall, 299 thousand and 396 shares were sold of 39 joint-stock companies totalling MNT 15 billion 005 million 550 thousand and 511.00.
"Sor” /123 thousand and 839 units/, "APU” /8,074 units/, "Genco tour bureau” /5,333 units/, "Khokh gan” /4,697 units/ and "Hai Bi Oil” /775 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Sor” (MNT 199 million 999 thousand and 985), "APU” (MNT 30 million 313 thousand and 470), "Tavantolgoi” /MNT two million 216 thousand and 920/, "Gobi” /MNT one million 498 thousand and 320/ and "Sharyn gol” (MNT one million 166 thousand and 740).

World Champion Receives Two-Room Apartment
By B. Khuder
Ulaanbaatar, December 22 (MONTSAME) A World champion for freestyle wrestling S.Tserenchimed has received a two-room apartment for her successes.
The apartment’s key was granted by Kh.Bat-Erdene, a vice president of Mongolia’s Freestyle Wrestling Federation and director of the “Altai Construction” company, during the federation’s New Year celebration on Sunday.
Bronze medalists of the 2014 Wrestling World Championships O.Burmaa, G.Mandakhnaran and E.Nyam-Ochir were given cash prize of MNT 2 million each. Moreover, it was announced that E.Bekhbayar IMS will compete on behalf of the “Altai Construction” company from next year. For his training, ten million Togrog was given to Bekhbayar’s coach A.Enkhee, the State Honored Sportsman and teacher of the “Ireedui” complex school.
The head of the Freestyle Wrestling Federation D.Dagvadorj also gave money prizes to wrestlers who won medals at international competitions in 2014.

Turquoise Hill Provides OT 2015 Guidance
By B. Amarsaikhan
Ulaanbaatar, December 22 (MONTSAME) Turquoise Hill Resources provided on December 18 an update on the status of production at Oyu Tolgoi following the recent concentrator fire and production and financial guidance 2015.
Operations at the concentrator recommended after three days on December 6 with both SAG mills and three of four ball mills now operating. Repairs to the concentrators damaged cyclone pack are progressing well and are expected to be complete in three to four weeks. Turquoise Hill expects to meet its 2014 production guidance.
THR 2015 production and financial guidance outlines that production from Oyu Tolgoi for the year is expected to be 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates. The variance in volume, when compared to the 2014 Oyu Tolgoi Technical Report, is driven by minor difference in the mine schedule and design as a result of timing.
Operating cash costs are expected to be approximately UDS 900 million and capital expenditure – USD 230 million, of which approximately USD 185 million relates to sustaining capital. Oyu Tolgoi continues to focus on operating efficiently with cost reduction and productivity initiatives designed to generate increased cash flow and improve financial performance, reported the Turquoise Hill Resources Ltd.
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