Mongolia Brief September 8, 2014 Part I
Speaker
Addresses Opening of Plant of Molybdenum Concentrate
By B. Khuder
Ulaanbaatar,
September 8 (MONTSAME) While in Orkhon province with a working tour, the
Speaker of parliament Z.Enkhbold last Friday participated in an opening of a
molybdenum concentration plant at the “Shim-technology” LLC.
Co-founded by
the “Erdenet Mining” Corporation and foreign investors, the plant has reopened
with an investment from the Russian “Uralgipromez” company since it was closed
in 2009 due to financial crisis, the Speaker noted and expressed a satisfaction
with the reopening "which has coincided with times of the working visit of
the Russian President Putin to Mongolia".
The plant will
provide some 250 people with jobs, it will process 3,600 tons of molybdenum a
year, it has become a vital step to implement the state policy on
industrialization, manufacturing value-added products and reducing
unemployment, he said. He also hopes that both Mongolian and Russian engineers,
technical experts and workers will make all their efforts to operate the plant.
During this
ceremony, the Ambassador Extraordinary and Plenipotentiary of Russia to
Mongolia Mr I.K.Azizov highlighted that the plant’s reopening "is an
expression of the Mongolia-Russia cooperation", and thanked the top legislator
for addressing the ceremony.
New Road Put into Use in Ulaanbaatar
By B. Khuder
Ulaanbaatar,
September 8 (MONTSAME) The Prime Minister N.Altankhuyag last Friday attended an
opening of a new 17.1 km road which runs from "Yarmag, a northern part of
Bogd Khaan Mountain, to the checkpoint of Bayanzurkh district.
This paved-road
has installations at 70 spots and an iron-concrete bridge of 24.7 meters, near
the “Bayanzurkh” checkpoint, and another 19-meter bridge near the Zaisan Hill.
A 1.2 km sector of the road near the Zaisan Hill has been illuminated as well.
All these works
have been executed in 1.4-year time under MNT 24.7 billion togrog, "thus
becoming one of the biggest constructions done by the cabinet for
reforms," said Altankhuyag.
The works have
been performed by the "ESTO" company under the monitoring of the
“Monkonsalt” company in accordance with a contract. The ultimate aim was to
reduce traffic jam at least by one third.
At the above
ceremony the PM told officials to pay attention to this road because it has
many turns, high dams and might be slippery in winter.
Present at the
ceremony were also E.Bat-Uul, the Mayor of Ulaanbaatar; Ch.Saikhanbileg, a head
of the Cabinet Secretariat for Government; and D.Nanzaddorj, a head of the
City’s Auto road Department.
TDB Receives “Best Commercial Bank” Award
By B.
Amarsaikhan
Ulaanbaatar,
September 8 (MONTSAME) Trade Development Bank of Mongolia received the “Best
Commercial Bank in Mongolia” award from the "Finance Asia" magazine
last week.
This magazine,
a provider of the most reliable professional information on finance in Asia,
awards outstanding financial organizations every year. This time, according to
the magazine’s website, the Trade and Development Bank showed the highest
growth and best financial performance in Mongolia, as it covers 40 percent of
the banking sector profits of the country. Moreover, the TDB was the first in
Mongolia to issue bonds, and has the “Most highly-qualified assets”. The award
was given to B.Medree, the executive director of the bank.
“Our bank has
received this award for its constant growth in the recent years. The banking
sector in Mongolia is the fastest developing in the country," he said.
The awards of
Finance Asia magazine is recognized on a global level, as it takes recognition,
prestige, operational sphere, financial performance and other capacities of
banks, into their account during the selection process.
Day Event Takes Place to Thank for Wild Horses
By B.
Amarsaikhan
Ulaanbaatar,
September 8 (MONTSAME) This action ran September 4 for those who collaborated
during this year’s transfer of another flock of Takhi horses to Mongolia, in a
scope of the project to relocate the wild horses back to their homeland.
At the event
present were project representatives from Ministries of Defense and Environment
of Czech Republic and other organizations, together with the staff of Mongolian
Embassy in Prague. The director of Prague Zoo, Miroslav Bobek opened the Day to
hand the notes of gratitude to the Czech representatives who greatly
contributed to the successful realization of relocating three horses to
Mongolia’s Takhiin Shar Nuruu this year.
The Mongolian
Embassy staffer expressed gratitude to the Prague Zoo and to the Czech Republic
for their many-year of investments and efforts for delivering and relocating
“Takhi” from the zoo back to Mongolia.
New Concentrate-Processing Plant Commissioned
By B.
Amarsaikhan
Ulaanbaatar,
September 8 (MONTSAME) A wet concentrate plant of Khudag Baishint iron deposit
in Bulgan aimag was commissioned on September 6. The plant has been constructed
by "Focus Metal Mining" LLC.
The commission
of this new plant’s first line has opened a new page in Mongolia’s metal
industry development. The Khudag Baishint mine has spent USD 20 million of
investment for the plant construction and has completed set-up and test works
during 2012-2014.
The new plant,
which has offered 100 workplaces, has a capacity of 600 tonnes of iron ore
exploitation and 300 tonnes (TPA) of concentrate production per year. For five
years of operation since commissioning, the plant will put on the market 1.9
million TPA of wet concentrate and 69 thousand TPA of regular concentrate,
making a profit of USD 228.2 million, according to estimation. The 66% iron
concentrate is 20% higher than the regular concentrate in terms of iron
content, and is traded up by USD 40-60.
“108 Images of Mongolia” Exhibition Opens
By B. Amarsaikhan
Ulaanbaatar,
September 8 (MONTSAME) It opened in Modern Art Gallery of Prague on September 4
to show photographs taken by Czech scholar and archeologist Lumir Iisl in
1957-1963 in Mongolia.
The action has
been co-organized by Mongolia's Embassy to Czech Republic and faculty of Mongol
Studies of Charles University. At the opening present were D.Zumberellkham, the
Mongolian Ambassador to Czech Republic; I.Grollova, the Czech Ambassador to
Mongolia; scholars and professors from the faculty; Mongolian and Czech people.
This exhibition displays 108 out of 2,000 photos depicting life, religion and
nature of Mongolians of those times.
Next exhibition
is planned on expedition of Ancient Kultegin monument.
"L.Iisl is
an honored scholar, having cooperated with our distinguished scientists such as
B.Renchin and Kh.Perlee , he has also created a large photo fund on Mongolian
lifestyle, culture and traditions, leaving priceless cultural and historic
resources for research," stressed D.Zumberellkham.
“Ulaanbaatar” International Film Festival set to place
September 8
(news.mn) Ulaanbaatar city will host the II Ulaanbaatar Film Festival on
October 8-12th.
Ministry of
Culture, Sport and Tourism in collaboration with the Arts Council of Mongolia
organizes the Film Festival with purpose to expand international cooperation in
movie industry, screening the selected world movies to Mongolian audience.
Over 10 film
directors, producers, artists and film festival organizers from Mongolia, USA,
Asia and Europe will arrive at the Ulaanbaatar Film Festival.
The Opening for
the Ulaanbaatar International Film Festival will be held at Tengis movie theatre
for five days.
The Ulaanbaatar
International Film Festival was held for the first time in 2013.
“Walking through History” expedition to air on MBC
September 8
(news.mn) Oirad Tumen NGO and MBC Television are launching a month long series,
“Walking through History”, a program following an expedition on history,
cultural research and cooperation from Ulaanbaatar to Elista, Russia, and
Kalmykia in Russia back to Ulaanbaatar, airing from September 15 – October
15th.
The expedition
team will conduct research, film a documentary and series following the
itinerary, and will publish a book on the expedition looking back at the
history of Mongolia's Oirads, who began a great migration to the Volga River in
Russia in 1604.
The expedition
is expected to show the world how Mongolians preserve their culture, lifestyle
and customs, to share this part of history with younger generations, and
intensify cultural relations between Mongolia and Russia.
The expedition
team of 15 includes four Kalmykian Mongol studies researchers, two Inner
Mongolian researchers, a journalist focused on Mongol studies, and Mongolian
scholars, researchers, film crew and a cameraman will cover 15,000 km through
Mongolia, Russia, Kazakhstan, Kalmykia and Buryatia.
Co-organizers
of the expedition are the Kalmykian Academy of Sciences, Mongolian Oirats
Research Institute, in collaboration with the Ministry of Culture, Sports and
Tourism, Culture Ministry of Kalmykia, Ministry of Tourism, Sports and Youth,
National University of Kalmykia, Khovd University Mongolia, Oirats Research
Institute in Inner Mongolia, National University of Kazakhstan, Russian channel
2, MNB, Bayanmongol Television in Inner Mongolia, Gogo.mn, and Oirad Television
in Uvs aimag.
The expedition
will leave from Chinggis Khaan Square on September 15th.
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