Florida Congressman Wants to Build More Economic Ties to Mongolia

A Florida Republican congressman wants to build economic ties with Mongolia which is located between two major powers in China and Russia. 
This week, U.S. Rep. Ted Yoho, R-Fla., the top Republican on the U.S. House Asia and the Pacific Subcommittee, introduced the “Mongolia Third-Neighbor Trade Act” in the House along with U.S. Rep. Dina Titus, D-Nev. On the other side of Capitol Hill, U.S. Sens. Dan Sullivan, R-Alaska, and Ben Cardin, D-Mass., are championing the proposal. 
“The United States and Mongolia share a strong democratic partnership, called a ‘third neighbor’ relationship, because Mongolia shares land borders with only Russia and China,” Yoho’s office noted. “The Mongolia Third Neighbor Trade Act will allow duty-free entry of Mongolian cashmere into the United States. This will benefit the U.S.-Mongolia relationship by facilitating increased trade between the two countries, support an important sector of the Mongolian economy, and reduce U.S. imports of Chinese cashmere products.”
Yoho, who was the chairman of the Asia and Pacific Subcommittee and who served a stint as the vice chairman of the U.S. House Foreign Affairs Committee, weighed in on Thursday on why he was backing the proposal. 
“The Mongolia Third-Neighbor Trade Act is not just about imports of cashmere; it is smart policy that supports a strong, independent Mongolia that continues to be a beacon of freedom in the region and a strategic partner of the United States,” Yoho said. “It is estimated that this simple act will create upwards of 40,000 jobs primarily for women who make up ninety percent of the garment industry in Mongolia. We look forward to this strong bipartisan, bicameral legislation being passed under Speaker Pelosi’s leadership and signed into law by President Trump.”
“This legislation sends a signal that the United States must be a strong partner with Mongolia along its path of democratic and economic development,” said Titus. “By diversifying Mongolia’s economy and boosting local employment opportunities – especially for women – we can help this nation overcome its unique challenges to building a thriving, independent economy.”
“Mongolia remains a stable democracy in a sea of authoritarianism and contributes to U.S. national security goals in Asia and the Middle East. The Mongolia Third Neighbor Trade Act will facilitate job and economic growth that can help both our countries. I am proud that this bipartisan legislation will make that possible,” said Cardin. “Our bill also will help bring stability, employment and economic empowerment to the women of Mongolia who comprise most of the country’s garment industry.”
“Mongolia is an important friend and ally of the United States in a tenuous corner of the world,” said Sullivan. “The Mongolia Third Neighbor Trade Act not only reaffirms the importance of this bilateral relationship but also aims to enhance our ties and bolster industry in this growing democracy in the Indo-Pacific.”
Yoho’s bill was sent to the U.S. House Ways and Means Committee this week. 

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Life as a nomad in the world’s least crowded country

I’m lying in wait for a wolf – or, even better, a whole pack of wolves. The animals’ den lies hidden among the boulders in a dusty wadi below me. An hour ago, my guide Nergui led me to the entrance, pointing out droppings, paw prints and the recently butchered carcass of an ibex. Nobody was at home – Nergui’s well-aimed stone established that – so I’m staking out the hideaway from the cliffs above, hoping the owners might return. My companions will be back to collect me at sunset.

Meanwhile, I have the wilderness all to myself. I’m a tiny dot amid the arid wastes of Ikh Nart Nature Reserve, on the northern fringe of Mongolia’s Gobi Desert. In a country famously wide and empty, no space comes wider or emptier than this one. For the last 10 days, I’ve been largely on the move – as is fitting, in this land of nomads – but now, at last, I’ve come to a stop. It feels like a time for reflection; perhaps even a little Zen inspiration.
Somewhere over the horizon is my camp. We arrived yesterday after a long hike, tramping the gravel plains as our gear went ahead on a convoy of double-humped Bactrian camels. Despite the ominous litter of bleached bones underfoot, life was everywhere: Mongolian gazelles trotting away, big-horned argali sheep staring from escarpments and wheatears popping up on rock piles to rattle out their scratchy melody.
It’s too remote a place for humans, you’d think. Yet, on closer inspection, some of these rock piles were ancient grave sites. On one plain we found the ruins of a Buddhist temple complex, which – along with most of Mongolia’s other sacred sites – was destroyed during the 1930s by the then Stalinist government. A thousand monks had once lived here, Nergui told me. Now we spotted the shards of shattered ceramics and, worse, scattered bullet casings. But we also saw a garland of prayer flags draped around a nearby sandstone buttress.
Our camp comprised half a dozen white gers arrayed like hat boxes across the desert floor. These temporary circular dwellings, often known as yurts, are integral to the nomadic Mongolian way of life, traditionally built for dismantling and packing on to a yak cart in less than two hours. The interior of mine was faithful to tradition, with radial wooden spokes, a felt lining and a chimney vent. But the scatter cushions, wall hangings and wash basin were not what your average Mongolian herder might expect. Nor were the camp’s private loo and shower tents, or the restaurant yurt where we enjoyed our meals.The landscape may have been rough, but we certainly hadn’t been roughing it.

My introduction to Mongolia’s jaw-dropping landscapes had come 10 days earlier in the Altai Mountains of the country’s far west. After a flight from the capital, Ulaanbaatar, we transferred by road to the dusty settlement of Delun. I say “road”: in fact, our route was often little more than tyre tracks. With no settlements or signposts, we navigated by the horizon (a ridge here, a saddle there) and took cues from any gers we came across. “It’s Mongolian GPS,” said my guide Batana. “Ger Positioning System!” Meanwhile our driver Erdene kept up a keening tenor lament. “It’s about his mum,” Batana added, seeing my curiosity. “He says she makes the best cup of tea in the morning.”
In the hills outside Delun we had a date with Yerbol, one of the region’s traditional Kazakh eagle-hunters. We arrived to find our man attired in purple robes and fox-fur hat, and bearing aloft Achtanik, his four-year-old female golden eagle. This formidable bird perched on its keeper’s thickly gloved wrist, occasionally beating its massive wings for balance. Today, fewer than 200 such hunters remain and Yerbol is something of a local legend. Mounted on his horse, before a backdrop of the snow-capped Altai, he certainly cut an impressive dash. Donning the glove myself, and feeling the grip in those massive talons, I was unable to muster the same confidence.

The Altai is snow leopard country – and back in Delun we had learned about a local project to monitor these rare animals and mitigate conflict with local herders. The following day we bumped down nearby Chigertei valley towards the towering peaks on the Chinese border. Bugling demoiselle cranes took flight at our approach and a mounted herdsman and son drove their sheep down the valley in an irresistible chocolate-box tableau. In a pocket of forest, our national parks guide Yelik stopped to check a camera trap mounted on a larch trunk.
At a nearby cluster of gers, we popped in to pay our respects and sample a salty cup of yak’s butter tea. This homestead was erected just three days ago, when the family arrived for the summer grazing. Batana pointed out the particulars of the ger’s interior: how the male side is to the west and the female to the east, with possessions arranged accordingly. We seated ourselves on rugs and exchanged pleasantries, while assorted children peeped through the door in wide-eyed astonishment. I asked the grandmother – via Batana’s translation – whether she had ever seen a snow leopard. She told us how local herders had once killed one of the cats and hung its pelt outside their ger; and how the next night two more had descended from the mountains and killed 500 sheep. An apocryphal tale, perhaps, but its implicit moral seemed to offer some encouragement for this persecuted predator.
Needless to say, no snow leopard appeared for our viewing pleasure. But that night, back at camp, Yelik fired up his laptop to take us through some images previously downloaded from the very camera trap we had visited. Among them was a stunning sequence of a female snow leopard and two cubs sniffing at the lens. I felt the hairs rise on the back of my neck.
As our journey continued, surprises came thick and fast. A day’s drive to the east, we found ourselves floating in the limpid waters of Lake Dorgon. This broad inland sea arrived as a shocking blue among the dusty desert flats and is ringed by an equally unexpected mini-Sahara of apricot-coloured sand dunes. There was a sense of unreality about our picnic, as camels – legs grotesquely elongated in the heat-haze – wandered the shore and terns wheeled over the lapping waves. The Altai Mountains still lined the horizon but their distant snow-capped peaks now seemed like some CGI fakery.
Each new day also reinforced the theme of movement that was coming to define my idea of Mongolia. Much of the wildlife we encountered was migratory, from rare saiga antelope that galloped away in plumes of dust to dapper bar-headed geese that had overflown the Himalayas to get here and breed. With no fence in sight, the livestock – camels, yaks, goats, horses – all wandered at will. And every landscape had its human travellers: distant figures on horseback or motorbike beetling across the vastness, and neat white gers materialising like spacecraft in the middle of nowhere. We stopped to greet one Clint Eastwood-style lone rider, who narrowed his eyes at the skies and promised that the kang (drought) was coming to an end.
It all served to remind us what we’d learned at the national museum in Ulaanbaatar on day one: that Mongolia was where humanity first perfected the art of wandering. It was here, after all, that the first pastoralists learned to herd livestock with the seasons, and ultimately where – under Genghis Khan – a culture built on horsemanship forged the greatest empire ever known, stretching from the Hungarian pusztas to the Sea of Japan. Sadly, my itinerary wasn’t built around horsemanship or the changing seasons. It was by air that I returned to Ulaanbaatar and thence, by 4x4, to the Gobi Desert, where Ikh Nart – our final destination – awaited.
En route, we spent two days at Hustai National Park. This reserve is home to a special horse, but one that not even a Mongolian would saddle. Known locally as thaki, the Przewalski’s horse once teetered on the brink of extinction. Today, small family parties roam the park’s hillsides, taking their chances with the local wolves. At park HQ, our biologist guide Tsegii Tserendulam explained how thakis were reintroduced in 1992 from a captive breeding population in Poland and are now thriving. Later, we watched a small party drink at a roadside stream then gallop away over a ridge. Stockier than their domestic cousins, they appeared both familiar and somehow prehistoric.
The next day brought cinereous vultures, Himalayan marmots, red deer and other natural history highlights. And, again, the landscape proved to be equally rich in human history. Tsegii took us to a Bronze Age tomb, where radiating lines carved into the stone mimicked the internal structure of a ger, revealing that – internal combustion engine and smart phone notwithstanding – some things in Mongolia have changed little in the last 1,200 years.  
It was such reflections that occupied my mind, three days later, on that final afternoon above the wolf den. As the shadows deepened, the rock stacks around me seemed to take on shapes: horse heads, owls, Genghis Khan on a camel. Finally – perhaps just as nirvana beckoned – the distant note of an approaching vehicle broke the spell. I packed camera and water bottle, put on a fleece and traipsed back to our meeting place.
Sadly, no wolf. That would have been too neat an end to my adventure. But as we rumbled back to camp in the twilight, a small, thick-tailed animal dashed across our track. “Manul!” shouted Nergui, braking hard. This is the local name for the Pallas’s cat – a furry feline, not unlike a diminutive snow leopard but even more elusive. It was a high-five moment: even Nergui, who regularly saw wolves, hadn’t laid eyes on one this year.
Back in camp, our manul encounter brought an air of celebration and the story rolled back and forth over barbecued goat. Later, as my companions turned in, I sat out with a last cold beer. Soon all I could hear was the sighing wind and a methodical munching from a line of recumbent camels, silhouetted under the stars. It felt like a profound moment. Had Genghis Khan ever felt something similar? Who knows where inspiration for empires begins.
Source:www.telegraph.co.uk
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Mongolia mining minister rules out Oyu Tolgoi deal changes

Mongolia’s minister of mining and heavy industry has appeared to rule out making changes to the investment agreements that underpin the development of the giant Oyu Tolgoi copper project. Dolgorsürengiin Sumyaabazar told the country’s leading TV channel MNB that the $5.3bn underground expansion of the mine should be based on the existing contracts between the government and Anglo Australian miner Rio Tinto. “As the minister of this sector I see that further investment in the mining sector directly depends on this project,” according to a translation of the TV transcript. “Various people with various backgrounds express their own opinions related to Oyu Tolgoi agreements. But we won’t terminate the Oyu Tolgoi agreement.” His comments come after a parliamentary working group delivered a report on Oyu Tolgoi to the country’s National Security Council that recommended scrapping one of the agreements and amending another. The deals in question set the initial ground rules for the development of the project in the Gobi desert and the underground expansion, which is running behind schedule.


“For our country whose fragile economy is based on the mining, we need to improve, sit behind the table and negotiate, make proper steps to support each other to successfully carry this large project,” said Mr Sumyaabazar. He added that the expansion of Oyu Tologi needed to be seen in a wider context, citing Mongolia’s plans to float its Tavan Tolgoi coal project on a foreign stock exchange. “During this delicate time along with current issues, we need to properly think and deliver the decision on Tavan Tolgoi project and Oyu Tolgoi project,” he said. Arnaud Soirat, the head of Rio’s copper and diamonds business, welcomed the decision by the ministry of mining. Separately, he also provided some more details on the delays to the underground expansion at Oyu Tolgoi.



“In a $5.3bn construction project you can expect some challenges, and difficult ground conditions have slowed progress in some areas of the underground development,” he told delegates at a major copper conference in Chile. “We’re adjusting our mine design as we progress — integrating new geotechnical data than was available during surface drilling. This data reveals there are areas where the strength of the rock is more variable than anticipated in the feasibility study requiring potentially significant design changes.” “We welcome the Mongolian Government’s recognition of the importance of these agreements, with the Minister of Mining highlighting in comments overnight that they not only underpin the OT project but the strong economic future mining can deliver for the country.” Rio is expected to provide an update on the underground expansion, detailing the length and cost of the overrun, when it reports interim results in August.

Source:Financial Times
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EBRD provides fund for Mongolia's infrastructure development

ULAN BATOR, April 10 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has signed an agreement worth 300 million U.S. dollars with the Mongolian government to help the country improve its infrastructure, Mongolia's Road and Transport Development Ministry said Wednesday.
The loan agreement was signed by Irina Kravchenko, head of the EBRD Resident Office in Mongolia, and Mongolian Finance Minister Chimed Khurelbaatar here on Tuesday.
The money will be spent on projects and programs in road and transport and other infrastructure in Mongolia, including a first-phase construction project of a two-lane road between Ulan Bator and Darkhan city, the Mongolian Road and Transport Development Ministry said in a statement.
The EBRD began its operation in Mongolia in 2006. It has since implemented more than 100 projects worth 1.7 billion U.S. dollars in the country.
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Mongolia's vehicle imports increase 56 percent in Q1

ULAN BATOR, April 11 (Xinhua) -- Mongolia's vehicle imports increased by around 56 percent year on year in the first quarter of 2019, totaling 242.5 million U.S. dollars, local media reported on Thursday, citing the Mongolian Customs General Administration (MCGA).
The Asian country imported a total of 19,705 cars in the first three months of this year, up 41 percent compared to the same period last year, the MCGA said in a statement, noting that the increase is partly related to an economic recovery of the country.
In addition, the resource-rich country imported a total of 4,498 heavy trucks in the first quarter of 2019, up over 14 percent year on year. The rise in imports of heavy trucks was mainly attributed to expansion in mining activity and implementation of several major infrastructure projects, according to the MCGA.
Almost 90 percent of the total imported cars in the first quarter of 2019 were imported from Japan, while 40 percent of the heavy trucks were imported from China, the MCGA added.
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Mongolia to establish institute for Genghis Khan research

ULAN BATOR, April 11 (Xinhua) -- The government of Mongolia has decided to establish an independent institute for Genghis Khan research, local media reported Thursday, citing the government's press office.
The new institute will also help create a favorable environment for foreign scholars and researchers to conduct research in Mongolia, the reports said.
The decision is also part of the government's efforts to develop heritage tourism, the government's press office said in a statement.
By establishing the institute, it is possible to make the Genghis Khan studies as an independent branch of Mongolian studies, the statement said.
Genghis Khan (1162-1227) founded the Mongol Empire in the 13th century by uniting individual tribes in Northeast Asia.
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Education plays important role in boosting China-Mongolia friendship: ambassador

ULAN BATOR, April 11 (Xinhua) -- Education has been playing an important role in strengthening bilateral cooperation and friendship between China and Mongolia, Chinese Ambassador to Mongolia Xing Haiming said here Thursday.
Xing made the remarks during the opening ceremony of the 7th Congress of Mongolian Teachers in the country's capital of Ulan Bator via video message.
"Education is a vital part of people-to-people and cultural exchanges between to two countries, thus playing a significant role in bringing the two peoples closer and improving bilateral relations," Xing said.
According to statistics, at least 10,000 Mongolian students have studied in China in recent years, Xing said, adding that the Chinese government provides more than 200 government scholarships to Mongolian students each year.
The Chinese ambassador expressed confidence that the number of young Mongolians wishing to study in China will increase in the coming years.
Around 800 selected teachers from every corner of Mongolia participated in the congress to explore ways to address the pressing problems facing Mongolian teachers and the education sector.
The first Congress of Mongolian Teachers was held in 1935 with the most recent taking place in 1996, according to the Mongolian Ministry of Education, Culture, Science and Sports.
Currently, more than 40,000 teachers work in Mongolia's education sector and the average monthly salary of Mongolian teachers in public schools are around 240 U.S. dollars, the ministry said.
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Mongolia to launch joint disaster management exercise with U.S.

ULAN BATOR, April 11 (Xinhua) -- Mongolia will hold a joint disaster management exercise with the United States in its southeastern province of Dornogovi from Sept. 9 to Sept. 23, the country's National Emergency Management Agency (NEMA) said Thursday.
The annual exercise, codenamed "Gobi Wolf," is co-organized by the NEMA, the U.S. Embassy in Mongolia and the U.S. Pacific Command.
The "Gobi Wolf 2019" is expected to involve employees of the search and rescue services from the NEMA, the U.S. Pacific Command and all southern Mongolian provinces.
To prepare for the exercise, a delegation led by the defense attache at the U.S. Embassy in Mongolia, Michael Dorschner, was in Dornogovi province this week to discuss issues related to the exercise.
"Gobi Wolf" is designed to improve the Mongolian government's capacity to response and collaborate with other countries during natural and man-made disasters.
It was first held in 2009, and has covered disaster scenarios common to Mongolia including earthquakes, floods and mining incidents.
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Mongolian push for Oyu Tolgoi deal changes

A group of Mongolian legislators has reportedly recommended one of the agreements underpinning Rio Tinto’s Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project’s political problems.


Reuters reported Terbishdagva Dendev, head of a parliamentary working group set up last year to review the implementation of the Oyu Tolgoi agreements, told reporters this week the group had concluded the original 2009 deal should be revised.
A 2015 deal known as the Dubai Agreement, which kickstarted the underground extension of the project after a two-year delay, should also be scrapped entirely, Reuters reported him saying.
The 2009 agreement gave 34% of the copper-gold project to the Mongolian government and 66% to Ivanhoe Mines, now the Rio Tinto-controlled Turquoise Hill Resources.
Turquoise Hill was hit with a US$155 million bill from the Mongolian Tax Authority in January 2018 and the government cancelled a power agreement for the massive project the following month.
Turquoise Hill has paid $5 million to settle unpaid taxes, fines and penalties for accepted items and is in discussions to resolve the tax dispute but has said it would seek dispute resolution through international arbitration as "the next step" if the talks were unsuccessful.

A power source framework agreement was signed between Oyu Tolgoi and the government in December, which will see the miner source power domestically.
Rio Tinto CEO J-S Jacques had said resource nationalism was gaining momentum last year, putting the case for foreign direct investment under threat, although signs are emerging in Mongolia of positive investor sentiment building.
Reuters said the 200-page review had been submitted to Mongolia's National Security Council and it was unclear when, or if, its recommendations would be implemented, while Rio had not immediately provided comment.


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'An example to all': the Mongolian herders who took on a corporate behemoth – and won

Displaced from their land by multinational mining companies, nomadic herders defied the odds to preserve their heritage for future generations

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Mongolia's foreign trade up 17 pct in Q1

ULAN BATOR, April 9 (Xinhua) -- Foreign trade turnover in Mongolia rose to 17 percent year on year in the first quarter of this year, the Mongolian Customs General Administration (MCGA) said Tuesday.
According to the MCGA, the Asian country's foreign trade totaled 3.57 billion U.S. dollars in the first three months of this year.
The country demonstrated a surplus in its foreign trade balance as exports exceeded imports by 458.9 million dollars, the MCGA said in a statement.
In addition, a few types of products, including mineral products, cashmere and hides accounted for around 93 percent of total exports during the
 period, the statement said.
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Mongolian central bank launches campaign to increase gold purchase

ULAN BATOR, April 8 (Xinhua) -- Mongolia's central bank on Monday launched a campaign to encourage gold miners and individuals to sell gold to banks.
"The Bank of Mongolia's gold purchase has declined sharply since the beginning of this year due to instability in the domestic tax environment. So, we decided to again launch a campaign called 'National Gold to the Fund of Treasures' to increase the central bank's gold purchase," Atarbaatar Enkhjin, head of the Reserve Management and Financial Markets Department at the Bank of Mongolia, said at the campaign's launch ceremony.
During the six-month campaign, the Bank of Mongolia is planning to organize activities directed at encouraging gold miners and individuals to sell gold to banks, said Enkhjin.
The Mongolian central bank purchased only 12.7 tons of gold in 2014. Thanks to the low royalty taxes on gold with the 2014 amendments, the central bank's annual gold purchase almost doubled to 22 tons in 2018.
The 2.5-percent of discounted royalty on gold mining ended on Jan. 1. Since then, 5 to 10 percent royalty taxes on gold mining have been imposed on miners.
As a result, the central bank purchased only 772.1 kg of gold from legal entities and individuals in the first three months of this year, down 71.6 percent year on year.
During its extraordinary session on March 18-29, the Mongolian parliament decided to set the gold royalty at a 5 percent rate to revive the central bank's gold purchase.
The new rate came into force on Monday, according to the central bank.
In May last year, the Mongolian central bank launched the campaign called "National Gold to the Fund of Treasures" for the first time, which lasted for five months. Enditem
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Mongolia's foreign exchange reserves reach 3.7 bln USD by end of Q1

ULAN BATOR, April 9 (Xinhua) -- Mongolia's foreign exchange reserves rose to 3.7 billion U.S. dollars by the end of March, the country's central bank said Tuesday in a statement carried by its website.
The amount increased by 200 million dollars from the end of 2018, said Atarbaatar Enkhjin, head of the Reserve Management and Financial Markets Department at the Bank of Mongolia.
Enkhjin noted that the increase was a result of several factors, including the implementation of the three-year Extended Funding Facility (EFF) of the International Monetary Fund (IMF) in Mongolia and higher commodity prices in the global market.
The three-year IMF program, approved in May 2017, is aimed at stabilizing the economy and establish a basis for more sustainable and inclusive growth.
The Asian country's foreign currency reserves have more than doubled since the start of the program, according to the Bank of Mongolia.
The Mongolian central bank has set a goal to increase its foreign exchange reserves to 4 billion dollars in the near future, Enkhjin said, noting that within the framework of the EFF, Mongolia will receive a total of 800 million dollars this year.
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Mongolian PM meets Chinese delegation to boost ties

ULAN BATOR, April 5 (Xinhua) -- Mongolian Prime Minister Ukhnaa Khurelsukh held talks here on Thursday with a delegation of the China Soong Ching Ling Foundation to enhance non-governmental exchanges and relations between the two countries.
Khurelsukh welcomed the visit headed by chairman of the foundation Wang Jiarui on the important occasion of the 70th anniversary of the establishment of Mongolia-China diplomatic ties.
Khurelsukh, who paid an official visit to China in April, 2018, said he has reached important consensuses with Chinese leaders on bilateral ties during the trip.
He called on both sides to strengthen non-governmental communication to make people feel closer with each other, and actively implement the consensuses of two countries' leaders.
Khurelsukh, who is also chairman of the Mongolian People's Party, hoped the foundation would take the visit as a chance to establish contacts with Mongolian institutions and do more practical work to promote exchanges between his party and the Communist Party of China (CPC) as well as the two countries.
Under the leadership of the CPC with Xi Jinping, general secretary of the CPC Central Committee, at the core, the Chinese people have made remarkable achievements, the prime minister said, adding that the CPC's experience in governance is worth learning by Mongolia.
Wang said that China highly values China-Mongolia ties and the consensuses reached by the two countries' leaders on exchanges and cooperation in various fields give a clear direction to the development of bilateral ties.
The China Soong Ching Ling Foundation is willing to work with people from all walks of life in Mongolia to push forward non-governmental exchanges, especially in such fields as medical treatment and public health, as well as cultural, sport and youth exchanges, so as to enhance the two peoples' mutual understanding and friendship.
During the visit, the delegation held a series of social and cultural events with Mongolian medical institutions and a school to promote friendship.
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Surfing: Dude, where's my sea? Landlocked Mongolia catches the wave

(Reuters) - Landlocked Mongolia has become the latest country to join the International Surfing Association, taking the world body's total membership to 106 nations on five continents.
Surfing, which traditionally needs only a beach and some waves, can now be enjoyed inland and even indoors thanks to wave machines and is due to make its Olympic debut in Tokyo next year.
The sport is also on the program for the 2020 Asian Beach Games, in Sanya, China.
"The growth of surfing in non-traditional surfing nations is testimony to how surfing's Olympic inclusion has expanded the sport to new corners of the globe," said ISA president Fernando Aguerre in a statement.
"Surfers that thought the Games were far out of reach, now have a tangible dream that they can pursue."
The ISA said the Mongolian federation, recognized by the country's National Olympic Committee, could now organize indoor surfing competitions using wave pool technology and set up a network of surfing clubs.
It will also develop disciplines that can be practiced on flat water, such as StandUp Paddle.
Mongolia Surfing Federation (MSF) President Tamir Amarbayasgalan said in the ISA statement that membership was "a crucial step toward promoting and popularizing the sport of Surfing in Mongolia.
"This creates an opportunity for us to field a national team to compete at the ISA's international competitions. The MSF has created a platform that will allow surfers to get information and become a part of the worldwide surfing community."
Oman, which held its first surf contest in August last year, also joined the ISA as a member.
(Reporting by Alan Baldwin, editing by Christian Radnedge)
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Mongolia lawmakers seek to rewrite Oyu Tolgoi deal

* Group recommends 2015 Oyu Tolgoi expansion deal be scrapped
* Flagship project subject to repeated political disputes
* Any changes could undermine investor sentiment - advisor
By Munkhchimeg Davaasharav
ULAANBAATAR, April 5 (Reuters) - A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto’s Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project’s political problems.
The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoils of the country’s mining boom are not being evenly shared.
It has also been at the centre of an anti-corruption investigation that has seen the arrest of two former prime ministers and a former finance minister.
The original 2009 Oyu Tolgoi Investment Agreement granted 34 percent of the project to the Mongolian government and 66 percent to Canada’s Ivanhoe Mines, now known as Turquoise Hill Resources and majority-owned by Rio Tinto.
Nationalist politicians have repeatedly called for the deal to be adjusted in Mongolia’s favour.
Terbishdagva Dendev, head of a parliamentary working group set up last year to review the implementation of the Oyu Tolgoi agreements, told reporters this week the group had concluded the original 2009 deal should be revised.
A 2015 deal known as the Dubai Agreement, which kickstarted the underground extension of the project after a two-year delay, should also be scrapped entirely, he said.
“Of course there will be international and local pressure, though if we do have rule of law ... the agreements should be amended for good,” he said in a separate television interview.
Rio Tinto did not immediately comment on the issue when contacted by Reuters.
A lawyer involved in Mongolian mining deals speaking on condition of anonymity said opponents of the original agreement argue the Dubai Agreement made changes to the 2009 deal and should therefore have been subject to full parliamentary approval. Instead it was just approved by the prime minister.
The 200-page review has been submitted to Mongolia’s National Security Council as well as a parliamentary standing committee on economic matters. It is unclear when or if its recommendations will be implemented.
“It will be very hard to terminate the underground mine plan, since it must be done by mutual agreement,” said Otgochuluu Chuluuntseren, advisor at Mongolia’s Economic Policy and Competitive Research Center and a former government official.
“Also foreign investors who were participating in the project finance might intervene in the process to protect their interests,” he told Reuters, adding that it could also damage investor sentiment for years.
The flagship Oyu Tolgoi project helped spur a mining boom that drove economic growth up to double digits from 2011-2013, but a rapid collapse in foreign investment and falling commodity prices saw Mongolia plunge into an economic crisis in 2016.
Mongolia was also embroiled in a row with Rio Tinto over tax and project budget issues that saw Oyu Tolgoi’s expansion put on hold. A series of other disputes with foreign miners also weakened investor sentiment. (Reporting by Munkhchimeg Davaasharav; additional reporting by Barbara Lewis in London; editing by David Stanway and Richard Pullin)
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Mongolia Subscribes to the IMF's Special Data Dissemination Standard

April 2, 2019
Mongolia subscribed today to the International Monetary Fund’s Special Data Dissemination Standard (SDDS), the first case where implementation of the enhanced General Data Dissemination System (e-GDDS) has facilitated advancement to the SDDS. Under the e-GDDS, Mongolia launched a National Summary Data Page—a one-stop online publication portal—laying the foundation for moving to the next tier of IMF data standards, the SDDS. In this process, Mongolia has benefitted from a project in the Improvement of Data Dissemination in the Asia and Pacific Region, financed by the Japanese government, which aims to assist countries to improve data dissemination under IMF’s data standards initiatives.
Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, welcomed this major milestone in the country’s statistical development. “I congratulate the authorities for subscription to the SDDS. It underscores Mongolia’s strong commitment to transparency, as well as the adoption of internationally accepted best practices in statistics.”
The SDDS, established by the IMF in March 1996, is intended to guide members in the provision of economic and financial data to the public. Subscription to the SDDS enhances the availability of timely statistics according to an advance release calendar, thereby contributing to sound macroeconomic policies and the proper functioning of financial markets. Although voluntary, a subscribing member commits to observe the standard and to provide information (metadata) about its data dissemination practices. This information is made publicly available on the IMF's Dissemination Standards Bulletin Board (DSBB).
The DSBB now provides comprehensive documentation in English on the statistical practices of Mongolia for SDDS data categories, hyperlinked to country data included in the National Summary Data Page, maintained by Mongolia’s National Statistical Office. Mongolia’s SDDS information is available at http://dsbb.imf.org/Pages/SDDS/CountryList.aspx.
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Pemba Sherpa
Phone: +1 202 623-7100Email: MEDIA@IMF.org
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