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.
Related:
Minister
of Food and Agriculture Receives Ambassador of Turkey – Montsame, December 21
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.
Related:
D.Gankhuyag
MP to Chair Mongolia-Japan Inter-Parliamentary Group – Montsame, December 22
D.Gankhuyag appointed head
of the Mongolia-Japan parliamentary group – news.mn, December 22
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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