Mongolian Economy and Finance

Dairy Factory to Open in Selenge By B. Amarsaikhan Ulaanbaatar, August 29 (MONTSAME) Selenge aimag is to open its own dairy factory to produce final products.

Oyu Tolgoi Fires Workers By B. Amarsaikhan Ulaanbaatar, August 29 (MONTSAME) Oyu Tolgoi company has made an official statement on discharging 219 workers.

Bumrungrad Hospital Pcl, Thailand’s second-largest hospital operator, is looking for opportunities to expand in Vietnam, Myanmar and China, after a domestic political crisis prompted it to cut its revenue target this year.

The price of copper has been swinging wildly since hitting a near four-year low in March.

In a bid to lower trade barriers and eliminate Customs duties, Mongolia has struck its first major trade deal with Japan, which could pave the way for a broader network of free trade agreements (FTAs) while also boosting its chances of becoming a trade and logistics hub in the years to come.

A former deputy mayor of Hohhot, capital of north China's Inner Mongolia Autonomous Region, was sentenced to death with a two-year reprieve over charges of malpractice and corruption on Friday.

Military bands from Shanghai Cooperation Organization (SCO) member countries perform during the closing ceremony of the Peace Mission - 2014 military drill in Zhurihe, Inner Mongolia, north China, Aug. 29, 2014.

Reports suggest that India, Pakistan, Mongolia and Iran will be invited to become full members of the Shanghai Co-operation Organisation.If true, India’s membership could have a major impact on its relations with China, the United States and Russia. It could also have a paradigm-changing impact upon India-Pakistan relations, with a radical effect on India’s energy security and its overall economy.

There is burgeoning literature on well-being around the world, much of which finds consistent patterns in its determinants in countries and cultures around the world.

ZHURIHE, Inner Mongolia, Aug. 29 (Xinhua) -- Five Shanghai Cooperation Organization (SCO) member states carried out a massive live fire drill on Friday in north China's Inner Mongolia.

On 22 August, Chinese President Xi Jinping wrapped up his two-day trip to Mongolia, which is noteworthy not just because he signed as many as 26 agreements but because this was his second single country visit since he became President and also a first by a head of state after 11 years.

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New hospital to address Mongolia’s cancer crisis By C L Murphy August 28 (UB Post) According to the World Health Organization (WHO), Mongolians are investing more money in their health and consequently, living longer, healthier lives.

M.Nyamjargal: Every game I play is a World Championship August 28 (UB Post) M.Nyamjargal is the first woman to become an international Grandmaster in Mongolia. She is the winner of the Asian Draughts Championship, a national champion and won the National Young Adults Championship six times.

Cabinet meeting in brief By B. Khuder Ulaanbaatar, August 28 (MONTSAME) A programme will be implemented to have governmental staffers study experiences in the International Monetary Fund (IMF) and the World Bank (WB) with aims to augment Mongolia's representation in international banking and financial organizations and to strengthen the skills of staffers.

Prices for iron ore tumbled again Wednesday for the eighth day in a row, hitting a fresh two-year low.

A $20 billion pipeline of China-backed mining projects in Peru is set to place the country back in the second position among the world’s largest copper producers by 2016.

Client Senj Sant, a subsidiary of Monpolymet Group.

Having passed through “Hell” to get there, a pair of ex-pupils from Torquay Boy’s Grammar School and two university friends have nearly completed their 4,300 mile journey from London to Mongolia’s capital.

According to the World Health Organization (WHO), Mongolians are investing more money in their health and consequently, living longer, healthier lives.

Japanese artist Shingetsu Shikandai is exhibiting his artwork at Best Art Gallery from August 25 to 31, celebrating the 40th anniversary of the establishment of cultural relations between Mongolia and Japan.

Aspire Mining is a step closer towards developing its Ovoot Coking Coal Project in Mongolia after Chinese President Mr Xi Jinping official visit to Ulaanbaatar last week upgraded ties between the two countries to a comprehensive strategic partnership.

The Institute of National Strategy Series: Article 1, 2014

Funding for Oyu Tolgoi Underground Development to Be Resolved by September 30, 2014 August 28 (infomongolia.com) The regular monthly "Transparent Mining" meeting hosted by Mining Ministry was held on August 27, 2014 and the following statements were delivered to journalists.

Energy Minister Meets China’s Inner Mongolian Delegation By B. Khuder Ulaanbaatar, August 28 (MONTSAME) The Minister of Energy M.Sonompil Wednesday received a delegation headed by Mr Wang Yuching, a director of energy company of Chinese Inner Mongolia.

SHANGHAI, August 28, SinoCast -- Inner Mongolia BaoTou Steel Union posts that it gained CNY 14.67 billion incomes in the first half, down 23.7% yar on year.

SHANGHAI, Aug. 28 (SMM) – Mongolia exported 108,200 tonnes of copper concentrate during July, up 124.17% year-on-year, Ulaan Baatar Post reported Aug. 27.

Korean Air has announced a code-share agreement with China Southern Airlines on the Seoul-Urumqi route.

A section of optical fiber cable connecting Horinger county in Inner Mongolia and Beijing was deliberately cut, reports the state-run China News Service.

Years ahead of the Soviet Union’s last-minute entry into war against Japan towards the end of World War II, the country massively fortified its position along the border area between Mongolia and Manchuria.

Mining Minister: About Oyu Tolgoi You will Lean Next Month By B. Amarsaikhan Ulaanbaatar, August 27 (MONTSAME) it was sounded on August 27 at the traditional "Open mining' conference for the media.

Summary of President Xi Jinping’s state visit to Mongolia By B. Dulguun August 27 (UB Post) Chinese President Xi Jinping, his wife Peng Liyuan, and other official Chinese representatives paid a two-day state visit to Mongolia from August 21 to 22, at the invitation of Mongolian President Ts.Elbegdorj.

Human Development Report 2014 to Be Presented By B. Khuder Ulaanbaatar, August 27 (MONTSAME) A meeting will run Thursday at Mongolia's State University (MSU) to present the Human Development Report-2014 entitled "Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience".

Something doesn’t quite add up with China’s rising steel production, with falling coal output and imports so far this year.

The developer of Australia’s US$15bn Carmichael coal mine, one of the world’s largest fossil fuel projects, said it will start hiring the over 5,000 people it needs for the construction phase beginning next year.

* Polish Deputy PM seeks help from EU Commission * Polish firms say Russia blocking transit of some goods

ZHURIHE, Inner Mongolia - China's military drones participated in the Shanghai Cooperation Organization (SCO) anti-terror drills in Inner Mongolia for the first time on Tuesday.

For fans of Chinese TV dramas in Mongolia, Chinese President Xi Jinping's trip to the country last week no doubt brought some great news.

Mongolia will reduce radar separation standards between aircraft from 90 to 30 km in September.

A Chinese drone has made its debut in the multi-national anti-terror drills taking place in Inner Mongolia.

China's military drones participated in the Shanghai Cooperation Organization (SCO) anti-terror drills in Inner Mongolia for the first time on Tuesday.

Chinese President Xi Jinping, his wife Peng Liyuan, and other official Chinese representatives paid a two-day state visit to Mongolia from August 21 to 22, at the invitation of Mongolian President Ts.Elbegdorj.

ROXBURY – Three Litchfield County representatives from the Woodbury-based charity The Denan Project recently returned from Mongolia, where they met with staff and patients of a new hospital to which the charity provides critical support.

Taipei, Aug. 27 (CNA) Taiwan plans to help Mongolia set up trading on an emerging stock board and a deposit insurance system, Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung said Wednesday.

Korea and Mongolia agreed to set up their first ministerial-level consultative committee to discuss bilateral issues and economic cooperation, as well as to bolster their comprehensive partnership ahead of the 25th anniversary of the establishment of diplomatic relations next year, according to the Ministry of Foreign Affairs here.

President Xi Jinping's wife Peng Liyuan and Mongolia President Elbegdorj's wife Bolormaa together attended the ceremony for Chinese Culture Week, which celebrated the 65th anniversary of diplomatic relations between China and Mongolia and the China-Mongolia Friendship and Exchange Year.

The two-day visit of Chinese President Xi Jinping started with official bilateral negotiations between both state heads.

( live-PR.com ) - Synopsis Fortified Wine Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Fortified Wine market in Mongolia.

Media in China discuss China-Mongolia ties as President Xi Jinping visits the neighbouring country.

KUALA LUMPUR, Aug 26 (Bernama) -- Malaysia External Trade Development Corp (Matrade) is eyeing US$10 million business deals at its participation at the trade fair in Mongolia.

The government is strengthening relations with Mongolia, while paying close attention to the Central Asian country's abundant resources and geopolitical significance.

Aspire Mining ( ASX:AKM ) is a step closer towards developing its Ovoot Coking Coal Project in Mongolia after Chinese President Xi Jinping’s official visit to Ulaanbaatar last week upgraded ties between the two countries to a comprehensive strategic partnership.

Military unit in Dornod province awarded State Order By B. Khuder Ulaanbaatar, August 25 (MONTSAME) Dornod aimag’s Kherlen soum-based a military unit named after Marshal Kh.Choibalsan has been awarded the Order of Military Merit pursuant to a decree of the President Ts.Elbegdorj, in frames of the 75th anniversary of the Khalkh River Battles Victory.

At 12:50pm Sam Jones of Australia has won the 6th Mongol Derby in emphatic style.

There are the things you can plan on a trip (restaurant reservations, spa treatments, private tours), and then there are things you can't.

HALIFAX, NOVA SCOTIA--(Marketwired - Aug 25, 2014) -

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Chinese President Xi Jinping wrapped up a two-day state visit to Mongolia on Friday.

Welcome to our weekly edition of Biz Buzz, looking at the emerging trends in the Chinese business world. On this week's show, we get perspectives on China-Mongolia economic ties, horse industry in China, why Suzhou leads transformation in China, as well as rising tuition fees for college students.

The vast Mongolian grassland is a strikingly beautiful place in the summertime.

Families in Mongolia will have more opportunities to watch Chinese movies and TV series as the two neighboring countries' heads of state signed an agreement under which China will provide Mongolia with translated versions of 25 outstanding productions free over the next five years.

Chinese President Xi Jinping on Friday told Mongolian lawmakers that the inland country is welcomed to come aboard China's train of development.

ENP Newswire - 25 August 2014

ULAN BATOR, Aug. 22 (Xinhua) -- Visiting Chinese President Xi Jinping was treated by his Mongolian counterpart Tsakhiagiin Elbegdorj with a Nadam Fair performance here on Friday, before he concluded his two-day state visit to the inland country.

Foreign Minister Yun Byung-se arrived in Mongolia Monday to discuss ways of promoting a strategic partnership between Seoul and Ulan Bator, the foreign ministry said.

On August 21, 2014, President Xi Jinping arrived in Ulan Bator, starting his state visit to Mongolia.

Chinese president Xi Jinping’s visit to Mongolia last week was a timely reminder of why foreign investors have poured money into the country over the past five years.

Diplomats Compete in Basketball Match By B. Amarsaikhan Ulaanbaatar, August 25 (MONTSAME) Last Saturday, the staffers of the UB-based diplomatic missions and Embassies competed in a friendly basketball match.

Mongolia Attends APEC SOM First Time, as Observer By B. Khuder Ulaanbaatar, August 25 (MONTSAME) A Mongolia delegation led by Mr Ts.Batbayar, a head of the Policy, Planning and Research Department of the Foreign Ministry, has participated in the 2014 APEC Third Senior Officials' Meeting (SOM3) which ran August 20-21 in Beijing, China.

(Reuters) - A Chinese satellite has spotted the country's biggest ever marijuana plantation as well as dozens of illegal cross-border paths, state media reported on Monday.

BEIJING, Aug. 25 (Xinhua) -- The economic and trade cooperation between China and Mongolia has gone well beyond natural resources, and is extending to the fields of infrastructure and finance.

SHANGHAI, Aug 25 (Reuters) - Mongolia and China agreed a three-year bilateral currency swap arrangement for 15 billion yuan ($2.44 billion), in a deal signed last week during a visit by China's president Xi Jinping.

The Mayor of the Liverpool Plains Shire Council says seeing Chinese miner Shenhua's rehabilitation practices at one of its overseas operations has reassured him.

Chinese President Xi Jinping and his Mongolian counterpart Tsakhiagiin Elbegdorj signed a joint declaration here on Thursday to upgrade bilateral ties to a comprehensive strategic partnership.

U.Bilguun: Knowing that few Mongolians studied in top American universities gave me a lot of encouragement The following is an interesting interview with a Mongolian Harvard University student, Bilguun Ulammandakh, who’s majoring in politics and economics.

MPs attend opening of Japanese-Mongolian calligraphy exhibition August 24 (UB Post) For the 40th anniversary of Mongolian-Japanese cultural relations, the joint calligraphy exhibition “Sky, Sun and Partnership” opened at Blue Moon Art Gallery.

Stock Exchange news for August 22 By B. Amarsaikhan Ulaanbaatar, August 22 (MONTSAME) At the Stock Exchange trades on Friday, a total of 3 million 736 thousand and 591 shares of 13 JSCs were traded costing 452 million 155 thousand and 579.00 Togrog.

Speaker Z.Enkhbold Received by China’s President By B. Khuder Ulaanbaatar, August 22 (MONTSAME) Being here with the state visit, the President of the People’s Republic of China (PRC) Mr Xi Jinping received Friday Mr Z.Enkhbold, the Chairman of the State Great Khural (parliament) in the State House. 

Mongolian and Chinese Enterprisers Establish Cooperation Documents By B. Khuder Ulaanbaatar, August 21 (MONTSAME) Enterprises of the two countries signed Thursday cooperation documents in frames of the state visit of Mr Xi Jinping, the President of the People’s Republic of China to Mongolia.

BEIJING, Aug. 24 (Xinhua) -- Civil aviation authorities from China and Mongolia are scheduled to apply the same air traffic control separation standards from Sept. 18.

A UNIVERSITY student from Bookham who is taking part in a 10,000-mile intercontinental rally has reached Russia after driving a clapped-out old car across Europe and Asia for four weeks.

A Chinese Cultural Week was launched in the Mongolian capital Ulaanbaatar. Chinese first lady Peng Liyuan and her Mongolian counterpart Khajidsuren Bolormaa attended the opening ceremony.

Chinese President Xi Jinping has returned back in Beijing, wrapping up a two-day state visit to Mongolia.

ULAN BATOR, Aug. 22 (Xinhua) -- Chinese President Xi Jinping said here Friday that China is willing to provide opportunity and space of common development for neighboring countries including Mongolia and they are welcome to 'board China's train of development'.

BEIJING, Aug. 23 -- Chinese President Xi Jinping's fruitful visit to Mongolia is of great practical significance to the further development of bilateral relations, officials and experts said.

BEIJING, Aug. 22 (Xinhua) -- Chinese President Xi Jinping's just-concluded state visit to Mongolia has charted the course for future development of bilateral relations, Chinese Foreign Minister Wang Yi said here on Friday.

The Mongolia leg of the Tiger Street 2014 tournament originally scheduled for August 23 in Ulaanbaatar has now been postponed to a later date.

ULAN BATOR, Aug. 21 (Xinhua) -- China and Mongolia on Thursday pledged to further promote bilateral cultural and people-to-people exchanges in the years to come.

ULAN BATOR, Aug. 21 (Xinhua) -- China supports Mongolia's bid to join the Asia-Pacific Economic Cooperation (APEC) mechanism, said a joint declaration signed here Thursday by Chinese President Xi Jinping and his Mongolian counterpart, Tsakhiagiin Elbegdorj.

Chinese President Xi Jinping told Mongolia on Friday (Aug 22) that Beijing respected its independence and integrity as he concluded a visit looking to forge closer ties with China's resource-rich but often suspicious neighbour.

Media in China discuss China-Mongolia ties as President Xi Jinping visits the neighbouring country.

Aug 22 (Reuters) - China and Mongolia have signed 26 new deals on railroads, mining and power generation during Chinese President Xi Jinping's state visit that began on Thursday, Mongolia's Ministry of Foreign Affairs said.

Premier meets parliamentary delegation of Japan By B. Khuder Ulaanbaatar, August 21 (MONTSAME) The Prime Minister of Mongolia N.Altankhuyag met with a visiting delegation led by Mr Moto Hayashi, a head of the Japan-Mongolia friendship group at the Liberal Democratic Party of Japan (LDP).

The China-Mongolia-Russia Economic and Trade Cooperation Fair opened on Wednesday with the inauguration of a center to process a cost-saving customs document in Erenhot, a city on the China-Mongolia border.

ULAN BATOR, Aug. 21 (Xinhua) -- Chinese President Xi Jinping arrived in Ulan Bator Thursday for a two-day state visit to Mongolia.

HOHHOT, Aug. 21 (Xinhua) -- Delegates at an ongoing trade fair near the China-Mongolia border are buzzing with anticipation about a slate of new government policies that will boost cross-border business opportunities.

Mongolia is a landlocked country in eastern Central Asia. It’s bordered by Russia to the north and China on the other three sides.

President Xi Jinping’s visit to Mongolia is the first by a Chinese head of state in 11 years.

* China, Mongolia sign deals on mining, finance cooperation * Xi tells Mongolians more cooperation will benefit both sides * Struggling economy forces Mongolia to tilt towards China (Recasts, adds China, Mongolia proposing summit with Russia)

China and Mongolia pledged Thursday to almost double their annual two-way trade to $10 billion by 2020 as President Xi Jinping became the first Chinese head of state in more than a decade to visit this sprawling resource-rich nation sandwiched between China and Russia.

Ulaanbaatar to Cooperate with Russian Irkutsk in Winter Tourism By B. Amarsaikhan Ulaanbaatar, August 21 (MONTSAME) The Mayors of Ulaanbaatar and of Russian Irkutsk discussed ways of cooperating in a development of winter tourism on Wednesday.   

Speaker Meets Japanese Parliamentary Delegation By B. Khuder Ulaanbaatar, August 21 (MONTSAME) The Chairman of the State Great Khural (parliament) Z.Enkhbold Wednesday received a visiting delegation headed by Mr Moto Hayashi, a head of the Japan-Mongolia friendship group at the Liberal Democratic Party of Japan (LDP).

China's Xi Jinping began a two-day trip to neighbouring Mongolia Thursday -- the first Chinese president to visit in more than a decade -- with trade high on the agenda against a backdrop of resource nationalism.

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Chinese President Xi Jinping is on his way to Mongolia. His two-day visit is aimed at strengthening ties with China’s neighbor.

ULAN BATOR, Aug. 21 (Xinhua) -- Chinese President Xi Jinping arrived in Ulan Bator Thursday for a two-day state visit to Mongolia.

Aug 21 (Reuters) - Chinese President Xi Jinping arrived in Mongolia on Thursday for a two-day visit designed to deepen economic ties between the neighbours, with Mongolia desperate to kickstart its struggling economy with fresh investment.

Landlocked Mongolia is hoping to secure better access to Chinese ports as President Xi Jinping becomes the first Chinese head of state in more than a decade to visit this sprawling resource-rich nation sandwiched between China and Russia.

Chinese President Xi Jinping is embarking on a two-day visit to Mongolia today.

Debtless Mongolia non-government organization (NGO) warned that the total foreign debt of Mongolia has reached 19.88 billion USD, or 37.7 trillion MNT, and accordingly, each citizen carries debt of 12.89 million MNT, according to the USD exchange rate on August 18.