Saturday, July 26, 2014

Mongolia Brief July 25, 2014 Part I

President met Canada’s Foreign Affairs Minister
July 25 ( President Ts.Elbegdorj met Canada`s Foreign Affairs Minister John Baird on July 25th.
The meeting started with talks about proceeding  project on Building the Capacity of Non-Governmental Organizations.
Mongolia and Canada both appreciated about two countries have negotiated to sign agreement to boost cooperation on civil service reform, increase student exchanges, and investment.
During the meeting President Ts.Elbegdorj and Canada`s Foreign Affairs Minister John Baird exchanged opinions on regional and international cooperation issues.
This is the first visit to Mongolia by Foreign Affairs Minister of Canada.

Monument erected in Moscow for Khalkh River Battle Victory
Ulaanbaatar, July 25 (MONTSAME) The Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation Mr Sh.Altangerel has visited the Monument for Victory on Khalkh River Battle.
This Monument, dedicated to the memory of the Victory, has been created in Moscow by a movement headed by Konstantin Kuksin. Members of the movement operate a mobile cultural museum in the capital city of Russia. 

Mongolia-Japan Bilateral Relations to Embrace Wider Spectrum of Sectors
July 25 ( On July 23, 2014, President of Mongolia Tsakhiagiin Elbegdorj received Leader of the Mongolia-Japan Parliamentary Friendship Group Mr. Satsuki Eda. Mr. Satsuki Eda noted that he will continue to enhance inter-parliamentary relations between the two countries, and emphasized the importance that the both countries reached an Economic Partnership Agreement in principle, and expressed support to approve by the Parliament of Japan.
Then, President Elbegdorj met Governor of Shizuoka Prefecture Mr. Heita Kawakatsu. Shizuoka, famous for Mount Fuji, cooperates with Mongolia in various sectors. Shizuoka Prefecture has many processing plants and in recent years, it has expanded economic cooperation with Mongolia. At the meeting, parties touched upon issues of education and training of engineers and other personnel in Mongolian coal industry. President discussed opportunities to set up direct contacts between Mongolian local authorities and Shizuoka and other Prefectures.
Following this meeting, President Elbegdorj received Vice Chairman of Friendship Exchange Council /FEC/ of Japan Mr. Naohiko Ito. Friendship Exchange Council undertakes surveys to enhance economic cooperation in the region, organizes training and meeting with the representatives from the public and private sector of a certain countries to discuss issues related to economy, cultural relations and partnership.
President stressed: “Our two countries reach an Economic Partnership and there will be ample opportunities for cooperation. It is very important to inform the people of the both countries to take the opportunity. I hope that our cooperation with the Friendship Exchange Council will be fruitful, on the initiatives of conducting joint research, project and work”.
Afterwards, President Elbegdorj received Nikkei Group President Tsuneo Kita. Mr. Tsuneo Kita invited President Elbegdorj to the annual conference “Future of Asia”. The conference attracts heads of state and government of Asian countries, famous politicians, scientists and representatives from the international economic organizations such as International Monetary Fund. Also, newspaper Nikkei Weekly had taken an interview from President Elbegdorj.

Special stamp issue-Tyrannosaurus Bataar
July 25 ( The state owned “Mongol Post” LLC has released a set of special stamp featuring Tyrannosaurus bataar. Official First Day of Issue was held at Central Museum of Dinosaurs on July 24th.  A set of postage stamp issued by Mongol post was dedicated to 70-million-year-old Tyrannosaurus bataar.  Nearly complete Tyrannosaurus bataar skeleton was returned to Mongolia following the high-profile prosecution of a Florida paleontologist by federal authorities in New York after it was sold at a Manhattan auction last spring for $1.05 million.  The First Day Cover of the set and stamp cover was created by artist Ch.Bat-Erdene and graphic design was made by J.Gankhuyag.

Mongolia-Canada Round Table Meeting held
July 25 ( Foreign Affairs Minister of Mongolia L.Bold and Canada`s Foreign Affairs Minister John Baird held a round table meeting on Thursday.
At the meeting Deputy Mining Minister O.Erdene-Bulgan, State Secretary for Justice Ministry Ts.Bayartsetseg and officials of Ministry of Economic Development, and Mining Ministry were presented as guests.
Foreign Affairs Minister L.Bold had talks with his Canadian counterpart John Baird on current economic situation in Mongolia, reform government`s main policy, in particular measures taken in sectors of mining, and investment.
Canada`s Foreign Affairs Minister John Baird exchanged opinions with representatives of Mongolian national companies and Canadian based Oyu Tolgoi, Centerra Gold, Major Drilling and Kincora Copper Limited.

Minister of Foreign Affairs of Canada John Baird Visits to
July 25 ( At the invitation of the Minister of Foreign Affairs of Mongolia, Mr. Luvsanvandan BOLD, the Minister of Foreign Affairs of Canada and the Member of Parliament, Mr. John Baird has made his first ever official visit to Mongolia on July 24, 2014.
Minister for Foreign Affairs L.Bold noted that Canada is our closest partnering country in North America which surely includes in our third neighbor policy. At the same time, Canadian Foreign Minister also highlighted that the long-term relationship with Mongolia is very important; therefore, the most recent noticeable approval was made by the Government of Canada to include Mongolia in the Canadian Foreign Aid Priority List. Also, Mongolia-Canada economic cooperation shall focus on developing the civil services as well as ensuring the sustainable economic growth in terms of improving the management skills of rich mineral resources of Mongolia.
Moreover, both Ministers delighted to note that the current implementation on strategic improvement in the fields of urban construction, rural development, police strength and judiciary reform has been kept going with somewhat higher level at this stage as through the framework of the 40th Anniversary of Diplomatic Relations between Mongolia and Canada which was held a year ago in 2013.
Developing the sphere of Mongolia-Canada trade and investment is the most important issue on further economic relationship between the two countries; so that, related bilateral agreement shall be concluded in the near future. Canada is one of the leading foreign investors in Mongolia and the Government of Canada determined Mongolia as a top priority country in its “World Market” program.
Minister John Baird added that Canada will continue providing consistent support to Mongolia on the country’s safety and security in depth through the ways of joint military exercises withconsiderably supportive way out. Elsewhere, that’s also important to develop civil affairs between the two countries which will be the fundamental aspect for Canada-Mongolia sustainable economic development in the long run. The Minister of Foreign Affairs of Mongolia also expressed an interest to increase the number of Mongolian students to Canada in order to get obtained world class higher education at the Canadian universities for years to come.

Mongolian products to be advertised in Beijing
Ulaanbaatar, July 25 (MONTSAME) An exhibition named “Imported products-2014” will be mounted from September 28 to October 8 of 2014 in Beijing to advertise products made by Mongolian enterprises and companies.
The exhibition will be organized in accordance with an agreement made during the official visit of Ulaanbaatar city Mayor E.Bat-Uul to Beijing this June. The Mongolian side had proposed collaborating in some projects, and the sides agreed to advertise our products on some 1,000 square meters' area in the biggest commercial centers of Beijing.
The UB city municipality is supporting national producers through a budget policy, and has begun to buy products and services of national companies for urban services, furnishing and construction works. 

Stock exchange news for July 25
Ulaanbaatar, July 25 (MONTSAME) At the Stock Exchange trades held Friday, a total of 17 thousand and 280 shares of 16 JSCs were traded costing MNT 16 million 145 thousand and 504.80.
"Genco tour bureau” /10 thousand units/, "Remikon” /2,620 units/, "APU” /1,757 units/, "Hai Bi Oil” /941 units/ and "Tavantolgoi” /500 units/ were the most actively traded in terms of trading volume, in terms of trading value--"APU” (MNT six million 852 thousand and 900), "Tavantolgoi” (MNT two million 500 thousand and 145), "Atar-Orgoo” (MNT one million and 755 thousand), "Gobi” (MNT one million 359 thousand and 125) and "Genco tour bureau” (MNT 870 thousand).
The total market capitalization was set at MNT one trillion 610 billion 912 million 944 thousand and 178. The Index of Top-20 JSCs was 16,110.35, decreasing by MNT 71.82 or 0.44% against the previous day.

Press release: Successful rehabilitation must use native species
July 24 (Oyu Tolgoi) - 13,000 Gobi saxaul seedlings planted so far –
Khanbogd, Mongolia - With high expectations of environmental management from mining companies, Oyu Tolgoi is shaping a new approach to rehabilitation, firmly focused on maintaining the ancient natural environment.
The Mongolian Gobi has a dry and extreme climate and native plants such as the saxaul tree have adapted to the harsh conditions over generations. Desert saxaul forests prevent the movement of sand, creating more favourable conditions for other plants, livestock and wild animals to flourish.
Oyu Tolgoi plants saxaul trees in order to restore the landscape, vegetation and ecosystems of disturbed land back to as natural a state as possible.
In the autumn of 2013, during the first phase of Oyu Tolgoi’s rehabilitation programme, 10,677 saxaul tree seedlings were planted across 6.34 hectares in the Gunii Khooloi area of Khanbogd soum. Eighty per cent of the seedlings successfully survived the winter, with those which had died replanted in the spring, along with an additional 2,860 seedlings.
B.Altantsetseg, Environmental Superintendent at Oyu Tolgoi said: “The preparation, planting and care of saxaul tree seedlings takes a lot of time. First, we collect wild seeds from the environment, clean and separate them from other seeds, and then dry them. We prepare seed pots between November and February. Between April and May we place the seed pots in the planting area and start growing.
“After two summers and one winter, the young seedlings are transferred from the pots and planted in the ground. The 10,677 seedlings that were transferred from the pots in the autumn of 2013 had been planted as seeds in the spring of 2012."
Oyu Tolgoi only uses native plants in its biological rehabilitation work. But even hardened, Gobi plants require extreme care and support to survive. The saxaul trees planted in the fall are irrigated and the soil is strengthened before it freezes, helping the young plants to survive the winter. By the time they face the harsh winds of spring, many are strong enough to survive.
Rehabilitation work relies on local communities to support and participate in the effort. Last autumn, 28 local herders worked on the programme, which will lead to the appearance of brand-new, saxaul forests in the Galba Gobi.

Mongolian shooter qualified for next Paralympics
Ulaanbaatar, July 25 (MONTSAME) A master of sports and member of the national selected team for Para-shooting Ganbaatar Zandraa has been qualified to take part in the 2016 Rio de Janeiro Summer Paralympics.
He got this right after taking a 7th place in the IPC Shooting World Championships which is continuing in SuhlIn, Germany. He competed in the men’s classic pistol event and advanced to the final with 524 points.
The IPC Shooting World Championships is taking place in the Suhl-Friedberg Shooting Center with participation of 300 sports people from 50 countries, featuring 14 individual and 14 team medal events. 

Wrestling for Golden Grand Prix
Ulaanbaatar, July 25 (MONTSAME) Wrestlers of our national selected team are competing in the 7th “Golden Grand Prix” international wrestling tournament which kicked off Friday in Baku, Azerbaijan.
Dedicated to national leader of Azerbaijan Heydar Aliyev, the Grand Prix tournament has been participated by some 400 sportsmen from 40 countries.The events are running in women’s freestyle and men’s freestyle and in Greco-Roman categories in different weight divisions.
Mongolia is being represented by B.Ankhbayar (men’s 70 kg), D.Khuderbulga (97 kg), E.Narangerel (women’s 48 kg), E.Davaachimeg (53 kg), P.Orkhon (55 kg), T.Monkhtuya (60 kg), B.Odonchimeg (69 kg) and O.Burmaa (75 kg).
The tournament will last until July 27.

Mongolia is categorized as a country with medium development
July 25 (Mongolian Economy) The Human Development Index released an updated list for this year on July 24, 2014 placing Mongolia in the 103rd position for another year. This index puts together a variety of indicators such as educational levels, income, and life expectancy to rank countries into different sections of human development. Through these three dimensions, the Human Development Index can be calculated by finding the geometric mean of these indices. 
This index is published every year by the United Nations Development Programme and serves to measure as accurately as possible the levels of human development in each country. The four categories are as follows: (1) Very high human development; (2) High human development; (3) Medium human development; and (4) Low human development. With Mongolia’s ranking at 103, it is categorized as a country with medium human development. 
The two countries that fulfill the first two spots are Norway and Australia, showing no change as well. These nations represent very high human development. Rounding up the bottom of the list is the Democratic Republic of the Congo and Niger, showing low human development. It is also important to note that the list Mongolia presides in is also the shortest list compared to the other three. 

TDBM Launches Its Representative Office in Tokyo
July 25 ( The Trade and Development Bank of Mongolia has launched its first ever Representative Office in abroad in the Japanese capital city Tokyo on July 23rd, 2014.
Most notably, the launching ceremony of the TDB Representative Office in Tokyo was taken place during the official of visit of the President of Mongolia to Japan in which the Governor of the Bank of Mongolia N.Zoljargal, the Ambassador Extraordinary and Plenipotentiary of Mongolia to Japan S.Khurelbaatar, the President of TDB Randolph Koppa, the former Chairman and the Commissioner of the Financial Services Agency of the Government of Japan Ryutaro Hatanaka, the Senior Managing Director of the Bank of Tokyo Mitsubishi UFJ Yoshikawa Eiichi and other well-known politicians and businessmen have attended respectively.
The TDB Representative Office in Japan will be the trustworthy financial bridge to connect the Japanese investors and businessmen to the state-run and private sectors of Mongolia. Elsewhere, the TDB has become as the first Mongolian organization which made a bet to support the Mongolian sumo wrestlers in Nagoya Basho 2014 by introducing Mongolia throughout Japan.

Mongolian Stock Exchange to Use “MSE All” Index
July 25 ( The Mongolian Stock Exchange (MSE) will start to use the "MSE ALL" Cumulative Index for a probationary period from July 28, 2014 in its active operation to cover all 221 publicly traded companies on Mongolian stock market.
The “MSE ALL” Cumulative Index is being implemented to counterbalance the diversity of exchange differences and misbalanced volume of stocks to overall active trading indexes in Mongolian Stock Exchange to measure the real trend value of the Mongolian stock market.

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