Mongolia Brief September 19, 2014 Part IV
Government
Resolves to Increase Reserve Volume for Imported Oil Products
September 19
(infomongolia.com) At the Cabinet meeting held on September 18, 2014, it was
ratified to renew reserve volume for imported oil products due to increased
demand.
Minister of Mining
D.Gankhuyag is obliged to organize preparation works for oil products reserve
for the next year before March 01, 2015, in particular, to increase the reserve
volume up to 88,900 tons, which is equal to 30 days of consumption.
As of today,
the fuel reserve is estimated at 80,480 tons for 30 days and has been provided
in the past two years. According to contracts established between the
Government and importer companies, 13 entities have been obliged to provide oil
products reserve for A-80 - 7,770 tons, AI-92 - 21,820 tons, Diesel - 46,730
tons and TC-1 - 4,360 tons for 30 days reservations respectively.
Moreover,
despite of increasing the fuel reserve up to 90 thousand tons, the reservoir
for oil products is also needed to enlarge.
Therefore,
authorities said that 9 containers with capacity of 5,000 cubic meters are
being installed at the most convenient locations along the railroad in
Ulaanbaatar, Darkhan, Govisumber and Zamyn-Uud.
Related:
Petroleum
reserves re-estimated – Montsame,
September 19
Reps
of Foreign Ministry visit Google
By B.
Amarsaikhan
Ulaanbaatar,
September 19 (MONTSAME) Ambassador-at-large S.Badral and an advisor to the FM
O.Mashbat met with the chairman for foreign relations of Google Inc. Ross
LaJeunesse on September 18 in Washington D.C.
During the
meeting, Mr LaJeunesse said Google Inc. supports initiatives of Mongolian
Government, and noted that Mongolia has become a role-model of democracy in its
region. He also noted that Mongolia is leading the Online Freedom Coalition,
and expressed a willingness of Google to take an active part in the Ministerial
meeting of the coalition which will run Ulaanbaatar.
Cabinet
meeting in brief
By B. Khuder
Ulaanbaatar,
September 19 (MONTSAME) The cabinet meeting on Thursday approved a programme on
expanding the laboratory examination over a quality of construction materials.
Obligations
were given to the Minister of Construction and Urban Development, the Mayor and
to governors of provinces to approve action plans on implementing the programme
and to present to the cabinet its course every second quarter.
- Orders were
given to Ch.Ulaan, the Minister of Finance, and to M.Sonompil, the Minister of
Energy, to calculate the financial subsidy to be given to some energy companies
and factories in recovering energy deficit, and to reflect this matter in the
2015 budget law.
- The cabinet
discussed the #8 and #9 governmental reports on implementation of the UN
Convention on eliminating all forms of discrimination against women, and
decided to submit them to the UN Convention’s committee.
President
to take part in session of UN GA
By B. Khuder
Ulaanbaatar,
September 19 (MONTSAME) The President Ts.Elbegdorj will head for the USA on
Saturday to participate in the 69th session of the UN General Assembly
which kicked off September 16 in the UN Headquarters, New York City.
In frames of
the session, the President will attend several international meetings and
events such as the Climate Summit, the 29th session on Population and
Development, the World Conference on Indigenous Peoples, and will hold
bilateral meetings with his counterparts and chairs of international organizations.
National
programme on waste management launches
By B.
Amarsaikhan
Ulaanbaatar,
September 19 (MONTSAME) The Government approved a national programme on waste
management on September 18. The programme aims to reduce a burial waste through
reducing import of services and goods and their consumption, recycling and
using the waste as an energy-productive source.
Amount of waste
has tripled within the last four years, reaching 2.4 million tonnes in 2013,
while a customary disposal of wastes–burial still remains as the only
approach. The programme includes involvement, management and
structures of operations of state agencies, governors, private sector, research
and civil societies, in prominent details. Operations of refuse sites that meet
health standards will be systemized, some 20 percent of waste will be recycled
and be used for production of value-added goods.
Draft
law on transparency in minerals sphere to be presented to parliament
By B.
Amarsaikhan
Ulaanbaatar,
September 19 (MONTSAME) The Government on September 18 decided to submit draft
law on transparency in minerals sector to State Great Khural. A ratification of
it will result in long-term social and economic benefits.
Provision of
transparency in Mongolia’s Minerals Sector is considered to be a great
contribution to the following achievements such as establishment of a
global-standard management of collaborative monitoring; legal basis for
demolishing the corruption and dead expenses in the sector; development of
partnership between public and private sectors and civil societies; public
access to the operations and relations of exploiting companies, states agencies
and public organizations; increase in the state and local budgets through taxes
by eliminating the inefficient expenses of the mining companies; consolidation
of better governance through transparency in expenditure of taxes paid by
minerals sector to the Government.
FM
meets DPRK Workers’ Party reps
By B.
Amarsaikhan
Ulaanbaatar,
September 19 (MONTSAME) Minister of Foreign Affairs L.Bold held a meeting with
member of the Politburo of the Workers’ Party of the People’s Democratic
Republic of Korea and Secretary and Director of the Korean Workers' Party
International Affairs Department, Mr Kang Sok Ju.
He is paying an
official visit to Mongolia upon the invitation of Democratic Party
Secretary-General Ts.Oyundari. During the sty, Mr Kang Sok Ju met with
Secretaries General of the ruling Democratic Party and the opposition Mongolian
People’s Party and paid courtesy calls on President of Mongolia Ts.Elbegdorj
and PM N.Altankhuyag.
P.Tsagaan
receives representative of WEF
By N. Khaliun
Ulaanbaatar,
September 19 (MONTSAME) The head of the Presidential Office P.Tsagaan Friday
received Ms Gillian Davidson, a Director and Head of Mining and Metals
Industry, World Economic Forum.
The sides noted
an effective cooperation between Mongolia and WEF and exchanged views on
seeking ways of expanding the ties. After this, they discussed the issues of
The World Economic Forum Annual Meeting held in Davos, Switzerland, the 10th
World Islamic Economic Forum (WIEF) to run in Dubai on October 28-30, the
Mongolia Business Summit to take place in Ulaanbaatar on June of 2015.
Stock
exchange news for September 19
By B. Khuder
Ulaanbaatar,
September 19 (MONTSAME) At the Stock Exchange trades on Friday, a total of 47
thousand and 623 shares of 19 JSCs were traded costing MNT 28 million 312
thousand and 864.00.
"Hermes
center” /27 thousand and 640 units/, “Remikon” /11 thousand and 163 units/,
“Sor” /4,355/, “Tavantolgoi” /1,102 units/ and "Uvs chatsargana” /1,000
units/ were the most actively traded in terms of trading volume, in terms of
trading value were "Sor” (MNT 10 million 666 thousand and 280),
"Tavantolgoi” (MNT five million 726 thousand and 300), “Hermes center”
(MNT four million 369 thousand and 892), "Uvs chatsargana” (MNT two
million and 550 thousand) and "Remikon” (MNT one million 471 thousand and
525).
The total
market capitalization was set at MNT one trillion 600 billion 643 million 394
thousand and 779. The Index of Top-20 JSCs was 15,953.84, decreasing 162.39
units or 1.01% against the previous day.
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