During the meeting, Mr. Oyun-Erdene assigned the DBM's authorities to urgently consolidate information on repayments of loans issued by the DBM and the percentage of outstanding loans and report it next Tuesday. Moreover, he said that the Cabinet Secretariat of Government resolves to set up a working group for inspecting repayments of bonds of the DBM.

“Kamoa-Kakula will become the world’s second-largest copper mine with peak annual production of more than 700,000 tons of copper metal,” Ivanhoe founder Friedland said Wednesday at a mining conference in Cape Town.

Friedland announced the findings of an independent pre-feasibility study after Ivanhoe invested $800 million in exploration and development. The capacity of the project’s first phase, producing 6 million tons of ore a year, could later be tripled, the company said. Initial mine grades will average 6.8 percent copper, with production expected to start in 2021.

Ivanhoe’s Congo success follows deals with ties to the government
“Grade is king,” said Friedland, who is co-chairman of Ivanhoe. “Nothing even comes close to Kamoa-Kakula.”

The first mine will be able to finance two further mines and a smelter, with investment of US$1.1 billion, he said. “That is mind-boggling and we’ve never seen that before,” said Friedland.

Ivanhoe is developing Kamoa-Kakula with its Chinese joint-venture partner Zijing Mining Group Co. and the Congolese government.

EXCITING PROSPECT
The results from drill hole DD1450 at Kamoa North, released by Ivanhoe last week, were “nothing short of extraordinary,” Paul Gait, an analyst at Sanford C. Bernstein, said in a note. They confirm that “the broader Kamoa-Kakula region is by far the most important and exciting mining project in the world today,” he said.

Ivanhoe shares have climbed 21 per cent in Toronto since it reported the results of the drill hole at Kamoa North on Jan. 30. That gave the company a market value of $2.94 billion (US$2.2 billion).

Nothing even comes close to Kamoa-Kakula

Over more than two decades, mining investor Friedland and his small team have made some of the biggest mineral discoveries in the world.

In addition to unearthing Africa’s largest copper deposit, other projects include building the Oyu Tolgoi copper-and-gold mine in Mongolia’s Gobi Desert and discovering the Voisey’s Bay nickel deposit in Canada, which he sold in 1996 for more than US$3 billion. Ivanhoe is also developing a platinum mine in South Africa.

Bloomberg.com

However, international railway and flights will be conducted on regular schedules on these days

The new rule was put in place to prevent the deadly virus from spreading to China from Mongolia, and protect the domestic livestock sector, China's General Administration of the Customs said in a statement published on its website.

China has not approved the import of the Mongolian pork. However, meat is often smuggled into China.

Indie synth pop soloist SISSTER, born in Chula Vista CA outside of San Diego, is a composer, songwriter, producer and singer. From an early age SISSTER showed musical and artistic talent, and as a teen, she picked up the guitar and focused on singing and composing original songs. She has performed in acoustic pop, rock bands, blues and rockabilly and synth pop concerts. She has shared stages with artists such as Enjambre, Siddharta, Julieta Venegas, La Santa Cecilia, Flor Amargo, among others in both the US and Mexico. Her debut EP features songs produced by herself, John Avila (bassist Oingo Boingo) and Anton Soder. Her debut album is set for release February 6 in Los Angeles.

G.Zandanshatar, who is also a former Minister of Foreign Affairs, was born in the Bayankhongor province of Mongolia in 1970 and has been elected three times by his constituents as a Member of Parliament.

On January 29th, the Mongolian Parliament dismissed M. Enkhbold who was its previous Speaker. In recent months, several sessions of the Mongolian State Great Khural had been delayed following a boycott by almost 40 MPs who had protested the actions of the Speaker. In addition, a petition signed by 38 MPs was presented to him demanding his resignation from the post.

Earlier this month, the Mongolian Parliament amended a draft of the Parliament Session Order. Initiated by President Kh.Battulgaa, this amendment provided the opportunity for a majority of MPs to vote to dismiss the Speaker.

Both had been arrested by Anti-Corruption agents on January 7th and had their houses searched for evidence by the police.

When he was working as the General Prosecutor, D.Dorligjav allegedly extorted $4 million from T.Ganbold, who was the Director of the Altan Dornod Mongol Mining Company. The money was then transferred though D.Baatar’s bank account.

According to Gandulam, the aid is to take the form of blankets, mattresses, school supplies, first aid kits and other necessities. Delivery of this aid to Syria will he handled by the Mongolian Red Cross and other appropriate bodies.

According to the UNCF (United Nations Children’s Fund), there are 5.5 million Syrian children in need of humanitarian aid.

The names of the 16 research students, who will be enrolling in Japanese universities from this April, and 2 students, who will be extending their duration of study, was approved at the meeting.

A week-long project event is also planned to take place on March 11-15. With aims of enhancing partnership between joint research teams as well as Mongolian and Japanese universities, further developing partnership between research institutes and businesses, and informing the public about the results of joint projects and research, one of the main events for the week-long event is the Mongolia-Japan joint research forum.

Moreover, the committee made decisions to hold a nationwide preliminary test for the 2019-2020 enrollment for technical colleges and bachelor’s programme as well as to make adjustments some of the project documents due to extension of the project duration by 1 year from 2023 to 2024 were also made during the meeting.

Copper for delivery in March slumped 3% compared to Thursday's close to a low of $2.7535 per pound ($6,070 a tonne) on the Comex market in New York.

A January survey of Chinese private sector factory purchasing managers fell to 48.3 from 49.7 in December, the lowest reading since February 2016 and well below forecasts. A reading below 50 signals contractionary conditions.

The subindex for new orders was the weakest since September 2015, but the outlook for the rest of the year improved slightly, with factory bosses most optimistic since May last year.

The Caixin index focuses on small and medium-sized private sector companies while Beijing's official manufacturing PMI is skewed towards large state owned firms. That reading actually increased last month although it also remains stuck just below 50.

Given its widespread use in construction, transportation and power grid infrastructure, copper is considered a good barometer for economic activity and with China consuming nearly half the world's copper, the price of the red metal is closely correlated with domestic factory conditions.

At the start of 2019, copper fell to a near two-year low of $2.54 a pound over worries about slowing growth in China and fears of the impact of the trade dispute between China and the US.

Most analysts remain bullish on the longer term prospects for copper. Capital Economics, a London-based researcher, says that is partly due to slowing mine supply growth.

Capital Economics believes the metal will average $6,500 per tonne in the first quarter of 2020, after a gradual rise this year.