1 PREMIER LEAGUE RIGHTS: NEW CHINA BROADCAST DEAL AGREED WWW.BBC.COM PUBLISHED:2020/09/18      2 ACCELERATING MONGOLIA’S DEVELOPMENT REQUIRES A SHIFT “FROM MINES TO MINDS”: WORLD BANK WWW.WORLDBANK.ORG PUBLISHED:2020/09/18      3 NO NEW CASES OF CORONAVIRUS IN MONGOLIA PAST DAY WWW.AKIPRESS.COM PUBLISHED:2020/09/18      4 CHINA TO BUILD 'HEALTH SILK ROAD' WITH RUSSIA, KAZAKSTAN, KYRGYZSTAN AND MONGOLIA WWW.THESTAR.COM.MY PUBLISHED:2020/09/18      5 UPDATES ON CONSTRUCTION OF WASTEWATER RECYCLING PLANT DISCUSSED WWW.MONTSAME.MN PUBLISHED:2020/09/18      6 NOMGON THE MONGOLIAN GAS GIANT – STOCKS SKYROCKET! WWW.NEWS.MN PUBLISHED:2020/09/18      7 RIO TINTO TO RAISE USD 500 MILLION TO DEVELOP OYU TOLGOI WWW.NEWS.MN PUBLISHED:2020/09/18      8 RIO NEEDS A CEO TO FIX ITS REPUTATION. HERE ARE SOME CANDIDATES WWW.BLOOMBERG.COM PUBLISHED:2020/09/17      9 MONGOLIAN FM TO MAKE FIRST VISIT TO RUSSIA AFTER PANDEMIC WWW.NEWS.MN PUBLISHED:2020/09/17      10 GROSS INDUSTRIAL OUTPUT DROPS BY 18.4 PERCENT FROM PREVIOUS YEAR WWW.MONTSAME.MN PUBLISHED:2020/09/17      I-VIII САРД ШИНЭ АВТОМАШИНЫ БОРЛУУЛАЛТ ЖИЛИЙН ӨМНӨХӨӨС 14.6 ХУВИАР БУУРЧЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/09/17     УБТЗ:ОРОН НУТГИЙН НҮҮРС ТЭЭВЭРЛЭЛТ 96.7 ХУВЬТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/09/17     НИЙГМИЙН ДААТГАЛЫН САНГИЙН ОРЛОГО 4,9 ХУВИАР БАГАСЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2020/09/17     "САЙД ВАН И-ГИЙН АЙЛЧЛАЛЫН ҮЕЭР 700 САЯ ЮАНИЙН БУЦАЛТГҮЙ ТУСЛАМЖИЙН СОЛИЛЦОХ ЗАХИДАЛ БАЙГУУЛСАН" WWW.IKON.MN  НИЙТЭЛСЭН:2020/09/17     МОНГОЛ УЛС УУЛ УУРХАЙГААС ОЛСОН $1 ТУТМЫН 1%-ИЙГ НЬ Л ХОЙЧ ҮЕДЭЭ ХУРИМТЛУУЛЖ БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2020/09/17     БНХАУ ГАДААД ХЭРГИЙН САЙДЫНХАА МОНГОЛД ХИЙСЭН АЙЛЧЛАЛЫН ТАЛААР ЮУ ГЭЖ МЭДЭЭЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/09/17     ИХ 20-ИЙН ЭДИЙН ЗАСАГ ХОЁРДУГААР УЛИРАЛД 6,9 ХУВИАР АГШЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/09/17     ЭНЭ ӨВӨЛ 20 МЯНГАН ТОНН НӨӨЦИЙН МАХ БЭЛТГЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/09/17     НИЙТ 958.3 ТЭРБУМ ТӨГРӨГИЙН ТЭТГЭВЭР ТЭТГЭМЖ, ТУСЛАМЖ ХӨНГӨЛӨЛТ ОЛГОЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/09/16     УУЛ УУРХАЙН БҮТЭЭГДЭХҮҮНИЙ ЭКСПОРТЫГ ТОГТВОРТОЙ ӨСГӨЖ, ХАА-Н БҮТЭЭГДЭХҮҮНИЙ ЭКСПОРТЫГ НЭМЭГДҮҮЛЭХЭД ХАМТРАН АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/09/16    

Events

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NEWS

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Premier League rights: New China broadcast deal agreed www.bbc.com

The Premier League has agreed a new broadcast deal in China to cover the rest of the 2020-21 season.
A contract has been signed with Tencent Sports after its previous £564m deal with PPTV was terminated with immediate effect earlier this month.
Viewers in China will have access to matches from this weekend.
The previous agreement with PPTV, signed in 2019 and due to run until 2022, ended after a £160m payment due in March was not received.
Financial details of the new deal have not been disclosed.
China has been the English top flight's most lucrative overseas television rights territory.
It is understood the reasons for the termination were financial rather than political.
More than half of this season's remaining 372 matches will be made available free-to-air in China, with the rest accessible via subscription.
Clubs will also be able to share short in-play clips to engage with supporters, the first such deal the Premier League has done anywhere in the world.
"We and our clubs have an extremely passionate fanbase in China and are looking forward to working with the team at Tencent to engage with fans in new ways over the coming season," said Premier League chief executive Richard Masters.
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Accelerating Mongolia’s Development Requires a Shift “from Mines to Minds”: World Bank www.worldbank.org

ULAANBAATAR, September 17 2020—A new report by the World Bank estimates that out of every dollar in mineral revenues Mongolia has generated over the past 20 years, only one cent has been saved for future generations. The report argues that to break this cycle, Mongolia should use its mineral wealth to invest in people and institutions, while gradually reducing its dependence on the sector.
This is particularly true as demand for key minerals is likely to tumble due to climate change concerns, a shift of investors’ preference toward sustainability, China’s ambitious goal to reduce coal consumption, and persistence of the COVID-19 shock, according to Mongolia’s Mines and Minds, the World Bank’s September 2020 Country Economic Memorandum for Mongolia.
Since the advent of large-scale mining in 2004, Mongolia’s economy has grown at an average rate of 7.2 percent per year, making it one of the fastest-growing economies in the world. Growth has translated to rapid decline - although at times partly reversed - in the incidence of poverty and improved quality of life. The report also notes that Mongolia enjoys relatively strong human capital, and its infrastructure capital has improved for the last few decades, though remains scarce given the size of the country and low population density. This performance has been made partly possible through a generous but inefficient social assistance system and a large public investment program supported by mineral revenues and external borrowing.
However, a number of enduring challenges have grown in the shadow of this success. Mongolia’s rapid growth has been obscured by its extreme macroeconomic volatility and frequent boom and bust cycles. Growth has almost entirely come through capital accumulation and the intensive use of natural capital rather than through sustained productivity growth. Meanwhile, the country has not only consumed almost all its mineral outputs, but has also borrowed heavily against them, bequeathing negative wealth to the next generation.
“Instead of maximizing the benefits of its mineral wealth for diversified and inclusive growth, Mongolia has increasingly become more addicted to it. At the same time, human capital has been underutilized and institutional capital has eroded.” said Andrei Mikhnev, World Bank Country Manager for Mongolia. “Such inability to capitalize on the country’s endowments has resulted in limited diversification of outputs and exports and has further amplified its vulnerability to the swings of the global commodity markets. Breaking this gridlock calls for a fundamental shift in approach that puts investing in minds on an equal footing with mines.”
The report recommends key policy actions to build the foundation of a diversified and sustainably growing economy. These include:
Implement countercyclical fiscal and monetary policies – supported through transparent fiscal rules, an independent fiscal council, a market-driven exchange rate, and a well-functioning stabilization fund – to smooth consumption over the business cycle rather than maximize current consumption.
Undertake bold investment climate reforms to enhance competition, secure investor rights, and create a more level playing field that enables productive firms to invest and grow.
Move away from the mindset of diversifying products to expanding endowments, especially in terms of better utilization of Mongolia’s young and educated, especially female, labor force.
Accelerate the implementation of fundamental governance reforms (especially on the government effectiveness and control of corruption) to reduce political interference, increase transparency, and improve regulatory quality throughout the economy.
“Fortunately, there are many encouraging signs of improved macroeconomic management in 2017-19, providing the new government an opportunity to advance its reform efforts,” said Jean-Pascal Nganou, World Bank Senior Country Economist and lead author of the report. “Some impressive fiscal outcomes were achieved not by introducing new reforms but by effectively implementing existing ones. They demonstrate that with the right political will and leadership, similar improvements are possible in other areas including monetary and exchange rate policy, the financial sector, the business environment, and the labor market. The new administration has, therefore, an opportunity to institutionalize these reforms and avoid policy regression in the future.”
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No new cases of coronavirus in Mongolia past day www.akipress.com

No new cases of coronavirus infection have been found in Mongolia in the past 24 hours, the Ministry of Health reports.
10 people are being treated in hospitals in the country.
As of September 16, 807 people tested negative for coronavirus in Mongolia.
Mongolia confirmed a total of 311 imported cases since pandemic start and 301 recoveries. No deaths occurred in Mongolia from Covid-19.
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China to build 'Health Silk Road' with Russia, Kazakstan, Kyrgyzstan and Mongolia www.thestar.com.my

BEIJING, Sept. 17 (Xinhua): China, Russia, Kazakstan, Kyrgyzstan and Mongolia have agreed to jointly build an anti-pandemic fortress, a Health Silk Road and a community of health, Chinese State Councillor and Foreign Minister Wang Yi said Wednesday (Sept 16).
The decision was made after he exchanged views with foreign ministers of Russia, Kazakstan, Kyrgyzstan and Mongolia on deepening anti-pandemic cooperation to defeat the virus, Wang, who attended the meeting of foreign ministers of the Shanghai Cooperation Organization (SCO) member countries in Moscow and visited the four countries on Sept 10-16, told Xinhua in an interview.
China and the four countries have supported each other through thick and thin and conducted effective anti-pandemic cooperation since the epidemic broke out, Wang said.
Recalling Mongolian President Khaltmaa Battulga's China visit in February, the telephone talks held between Chinese President Xi Jinping and his counterparts in Russia, Kazakstan and Kyrgyzstan, namely Vladimir Putin, Kassym-Jomart Tokayev and Sooronbai Jeenbekov, Wang said China and the four countries have offered support and aid to each other to fight against the pandemic.
In a bid to deepen the anti-pandemic cooperation, the ministers have agreed to take measures in four areas, Wang said.
First, China and the four countries will strengthen anti-pandemic cooperation, firmly support the World Health Organization in playing a coordinative role and oppose any attempt to politicize the pandemic and attach a geographical label to the virus.
Second, they will consolidate and expand anti-pandemic achievements.
Wang said China stands ready to continue to provide other countries with assistance within its capacity, such as the purchase of anti-pandemic supplies, expertise training, experience sharing and cooperation in drug development, and to accelerate the building of communication mechanisms with concerned parties on pandemic information.
Third, they will actively promote the cooperation in the development, production and purchase of vaccine.
Fourth, they will make a concerted effort on Chinese traditional medicine cooperation as China, for the sake of people's health, is ready to promote the use of Chinese traditional medicine to meet the needs of various countries, Wang said.
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Updates on construction of Wastewater Recycling Plant discussed www.montsame.mn

Ulaanbaatar /Mongolia/. Millennium Challenge Account Mongolia (MCA-Mongolia) senior management held a working meeting with representatives of new Central Wastewater Treatment Plant (CWWTP) Project Implementation Unit (PIU) on September 11, 2020 at the MCA-Mongolia office.
MCA-Mongolia CEO E.Sodontogos, Deputy CEO S.Zorigt and Director of Wastewater Recycling Activity T.Khishigt and new CWWTP PIU Coordinator Ch.Bolorchuluun and Project Engineer D.Ankhbat took part in the meeting and had constructive discussions on important issues where the two projects could develop effective synergies.
Parties exchanged updates on the current status of both the Program implementation under the Mongolia Water Compact and the construction of new CWWTP, and discussed further cooperation in advancing Government progress on new CWWTP-related conditions precedent to entry-into-force of the Compact and other relevant areas.
The Mongolia Water Compact is funding the construction of a Wastewater Recycling Plant, a part of its three closely-related activities, that will treat 50,000 cubic meters/day of the effluent from new CWWTP and convey the recycled water to Combined Heating and Power plants number three and four (CHP-3 and CHP-4) for technical use. This will be the largest example of wastewater recycling in Mongolia and further promote the conservation of potable water.
MCA-Mongolia CEO also emphasized the importance of close cooperation on reducing the chemical loads of wastewater discharged from commercial and industrial sites into the CWWTP to the levels observed on 2013 or lower and suggested to use Tuul River Sediment Sampling study, funded by MCC, on exploring opportunities to remove accumulated sludge in the river. Meanwhile, representatives of new CWWTP PIU expressed their willingness to cooperate in preparing and training qualified water sector professionals, especially wastewater treatment plant engineers.
In addition to the construction of a Wastewater Recycling Plant and accompanying infrastructure, Mongolia Water Compact is also funding the development of two new groundwater wellfields, as well as the construction of an Advanced Water Purification Plant to treat up to 50 million cubic meters/year of water extracted from the new wellfields to the highest drinking water quality standards. The Compact also includes a Water Sector Sustainability Activity which will enhance the long-term sustainability of UB city water and wastewater system while ensuring that the Compact activities have lasting benefits.
Background
Millennium Challenge Account - Mongolia is a state-owned enterprise established by the decision of the Government of Mongolia on October 3, 2018, pursuant to Government Resolution No 297 in accordance with Section 3.2 of the Compact to implement the Program under the 350 million USD Mongolia Water Compact signed with the Millennium Challenge Corporation, a U.S. government foreign aid agency.
The Millennium Challenge Corporation is an independent U.S. government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to poor countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights. Learn more about MCC at www.mcc.gov.
MCA-Mongolia
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Nomgon the Mongolian gas giant – stocks skyrocket! www.news.mn

Elixir Energy Limited has provided an update on operations in its 100% owned Nomgon IX coal bed methane PSC in the south Gobi region of Mongolia.
Following the positive results recently generated from the drilling of the Nomgon-2 core-hole and Nomgon 3S and Nomgon 4S strat-holes, Elixir has decided to follow up with another appraisal strat-hole in the Nomgon sub-basin before it moves onto other exploration targets across its 30,000 km2 landholding.
This new well — Nomgon 5S – spudded on Wednesday afternoon. Its location within the Nomgon sub-basin is illustrated below:
Immediately following the drilling of Nomgon 5S, Elixir will move to drill three to four exploration strat-holes over the balance of this calendar year.
Further announcements on well locations (which may themselves evolve as new data comes in) will follow in due course.
Laboratory testing work on coals sampled from the Nomgon-2 corehole is still progressing, with results due to be progressively announced in the coming weeks.
Processing of the 106 kilometres of 2D seismic data acquired in recent months has now been finalised and interpretation is underway.
Elixir’s Managing Director, Mr Neil Young, said: “Our CSG appraisal and exploration program in Mongolia continues to go to plan. The Nomgon 5S strat-hole is a low cost appraisal well we have added to the program immediately prior to the move away from the Nomgon sub-basin to new exploration targets, which we look forward providing more information on in early course.
Earlier this month EXR reported that the Nomgon 4S appraisal strat-hole had been completed. That strat-hole stepped out in a different direction than the previous Nomgon-S3 strat-hole logging 35 metres of net coals and further confirming the presence of coal in the Nomgon sub-basin.
Having made Mongolia’s first ever gas discovery at Nomgon-1 in February, Elixir continues to push ahead with exploration in the Nomgon sub-basin — just one if many sub-basins within the company’s massive landholding located on the Mongolian border with China.
The stock is now up 690% since its February 2020 discovery. (source: finfeed)
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Rio Tinto to raise USD 500 million to develop Oyu Tolgoi www.news.mn

Rio Tinto said on Thursday (17 September) that it plans to raise up to USD 500 million through additional lending to develop its giant Oyu Tolgoi copper mine in Mongolia. The Mongolian state has a 34% stake in the Oyu Tolgoi project, while Rio’s majority-owned Turquoise Hill Resources Ltd owns the remaining.
Rio and Turquoise Hill will jointly pursue the debt reprofiling process by engaging with existing project finance lenders, and expect a reduction of up to USD 1.4 billion in the funding requirements for Oyu Tolgoi.
In reprofiling, the time for repayment is extended, but the value of the debt is not marked down. The miner said any remaining funding for the underground mine will be met through a Turquoise Hill equity offering.
In July, Rio cut estimated reserves at Oyu Tolgoi, while confirming delays and higher costs after ground instability forced it to redesign the mine plan.
Oyu Tolgoi is Rio’s biggest copper growth project, but has faced geological challenges. The company had earlier forecast estimated first production from the mine between October 2022 and June 2023, 21-29 months later than its initial estimate.
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Rio Needs a CEO to Fix Its Reputation. Here Are Some Candidates www.bloomberg.com

Rio Tinto Group is hunting for a new leader to restore relations with the communities where it mines after Jean-Sebastien Jacques was forced out over the destruction of ancient Aboriginal heritage sites.
Rio announced Friday that Jacques and two other senior executives will leave after investors and Indigenous groups demanded stronger action and accountability over the explosions that tore through the 46,000-year-old landmarks in May. The company had previously planned to only levy financial penalties on the executives but that proved insufficient at a time when investors and activists are wielding increasing clout.
“The reputational damage has been enormous and they now need to work on rebuilding trust,” said Camille Simeon, a Sydney-based investment manager at Aberdeen Standard Investments, which holds Rio shares and manages assets worth about $563 billion.
London-based Rio, the world’s second-biggest miner, is reviewing internal and external options for a new chief executive officer and will prioritize candidates with the skills to repair the company’s tarnished standing, Chairman Simon Thompson said Friday in a phone interview.
“They will have to take responsibility for what is going to be a process running over months, if not years, of restoring confidence in our ability to manage communities and heritage effectively, and that will be one of the key criteria,” he said.
Here are some of the prospective candidates to become Rio’s new CEO that are being discussed by investors and analysts:
Tom Palmer, Newmont Corp.
The Newmont CEO spent two decades at Rio before joining one of the world’s biggest gold miners and is viewed as well-regarded by the board. Palmer, 52, is an Australian, educated in Melbourne, and was chief operating officer of Rio’s iron ore business -- the company’s main profit driver and the unit responsible for the incident that brought down Jacques.
Bold Baatar, Rio Tinto
Baatar is seen as one of the leading internal candidates for the top job. The Mongolian is a former investment banker, having worked for JPMorgan Chase & Co. before joining Rio in 2016. He runs the company’s energy and minerals business and also overseas its dealmaking Ventures unit. Baatar is viewed as a strategic thinker whose responsibilities include mapping out which commodities will be crucial to the company’s future.
Peter Beaven, BHP Group
Beaven, the current CFO at Rio’s larger rival, is leaving BHP at the end of the year. He was long seen as the frontrunner to get the top job there, before Mike Henry took over at the start of the year. He was born in Portugal and grew up in countries including South Africa, is an accountant by training and held the No. 2 role at BHP since 2014. BHP also has huge iron ore operations in Western Australia, so the former banker will be familiar with Rio’s business there, and he’s well known by investors and politicians.
Sandeep Biswas, Newcrest Mining Ltd.
Sandeep BiswasPhotographer: Carla Gottgens/Bloomberg
Biswas has been the CEO of Australia’s biggest gold miner for six years. Like Palmer, he’s a former Rio employee, having worked for the company in both Australia and Canada.
Graham Kerr, South32
Kerr is the CEO of South32, a diversified miner spun out by BHP in 2015. The Australian was CFO at BHP before being picked to run the new business and was long touted as a potential candidate to run the world’s biggest miner. He’s currently based in Perth in Western Australia, home to Rio’s iron ore business.
Other Rio Insiders
Other internal candidates will likely include, Alf Barrios, the former oil executive who runs the company’s aluminum business, head of copper and diamonds Arnaud Soirat and CFO Jakob Stausholm, who joined from shipping giant AP Moller Maersk in 2018.
Rio’s hunt for a successor to 48-year-old Jacques comes at a time of wider upheaval in the top ranks of the mining industry, as it confronts growing shareholder activism over climate change and governance. Leadership changes are expected in the near future at Anglo American Plc and Glencore Plc, while BHP installed Henry as its new CEO in January.
“You have to listen to the expectations of society around you, that can be investors, it can be the broader public and governments,” Henry said Friday in an interview. “I want to ensure that BHP is attuned to those expectations and sensing the world around it.”
— With assistance by Gina Turner
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Mongolian FM to make first visit to Russia after pandemic www.news.mn

Mongolian Foreign Minister N.Enkhtaivan is planning to visit Russia next week. This will be the first visit of Mongolia’s Foreign Minister to Russia since the pandemic started and the first foreign visit for Mr. N.Enkhtaivan since he was appointed.
Foreign Minister N.Enkhtaivan is required to quarantine for 14 days after receiving his Chinese counterpart Wang Yi in Ulaanbaatar on 15-16 September. However, he is planning to visit Moscow without having finishing his quarantine period assuming the Russian side approves his request.
During the Moscow visit, it is expected that a discussion on the important Power of Siberia-2 oil pipeline and improving cooperation on economy and trade will be held.
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Gross industrial output drops by 18.4 percent from previous year www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the preliminary results, the gross industrial output reached MNT 9.6 trillion in the first eight months of 2020, decreased by MNT 2.2 trillion (18.4%) from the same period of the previous year. This decrease was mainly due to MNT 2.2 trillion (25.5%) decrease in mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 63.6 billion (9.0%) compared to the same period of the previous year.
By preliminary results, the mining and quarrying gross output reached MNT 6.4 trillion in the first eight months of 2020, decreased by MNT 2.2 trillion (25.5%) from the same period of the previous year. This decrease was mainly due to the decline in the mining of coal and lignite by MNT 2.1 trillion (57.8%), and extraction of crude petroleum by MNT 473.6 billion (69.9%) compared to the same period of the previous year.
In August 2020, the gross industrial output reached MNT 1.4 trillion, decreased by MNT 19.0 billion (1.4%) from the previous month. This decrease was mainly due to MNT 31.5 billion (3.2%) decrease in mining and quarrying output.
By the preliminary results of the first eight months of 2020, in the mining and quarrying sector, extraction of iron ore, fluorspar, and gold increased by 3.9-33.2 percent compared to the same period of the previous year. In the manufacturing sector, the production of alcoholic beverages, alcohol, pure water, soft drink, juice, cement, wheat flour, and milk increased by 0.8-13.8 percent compared to the same period of the previous year. Also, the production of coal briquette, mask, sanitizer, other types of drugs, and disinfectants for treatment and prevention increased by 1.5 to 22.9 times more compared to the same period of the previous year.
However, in the mining and quarrying sector, extractions of brown coal, copper concentrate, hard coal and crude oil decreased by 4.6-58.4 percent. In the manufacturing sector, productions of lime, cashmere products, copper cathode 99%, meat, metal steed, concentrated coal, combed cashmere and cigarettes decreased by 4.2-50.3 percent compared to the same period of the previous year.
By the preliminary results of the first 8 months of 2020, the sales of industrial output reached MNT 10.8 trillion, decreased by MNT 3.0 trillion (21.7%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 2.8 trillion (29.2%) decrease in sales of mining and quarrying and MNT 219.1 billion (6.5%) decrease in sales of manufacturing, respectively.
The sales of mining and quarrying output decreased by MNT 2.8 trillion (29.2%) compared to the same period of the previous year. This decrease was mainly resulted MNT 2.1 trillion (60.6%) decrease in sales of coal mining and MNT 450.4 billion (70.6%) decrease in sales of crude petroleum extraction, respectively.
In the total sales of industrial output, MNT 5.9 trillion (54.4%) was export, of which MNT 4.9 trillion (82.9%) was export of mining and quarrying output.
In the total of MNT 4.9 trillion export of mining and quarrying output, 69.1 percent was metal ores, 24.6 percent was of coal and lignite, 3.8 percent was crude petroleum, 2.4 percent was other mining and quarrying output.
In August 2020, the seasonally adjusted industrial production index was 102.5 (2015=100), decreased by 14.0 percent from the same period of the previous year, by 5.7 percent from the end of the previous year, and by 3.5 percent from the last month.
Source: National Statistics Office
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