Heavy-duty road to establish in Tavantolgoi-Gashuunsukhait route www.ubinfo.mn

According to Bold Tsegmed, CEO of Gashuunsukhait Avto Road LLC, the establishment of a road parallel to the Tavantolgoi-Gashuunsukhait road that runs 247 kilometer is currently in discussion.

And Energy increases dividends www.ubinfo.mn

MSE-listed And Energy JSC held its shareholders’ regular meeting on April 25 and approved the Board of Directors’ review to the 2017 operational and financial statements of the company. Last year, the sales revenue of And Energy totalled MNT 944.12 million and net profit - MNT 133.75 million. The profit saw MNT 261.7 million increase, which is 38 percent higher compared to the previous year and its profitability tripled year-over-year.

BDSec’s profit reaches MNT 1.1 billion www.ubinfo.mn

MSE-listed BDSec JSC, which operates as an intermediary in the stock market, held its shareholders’ regular meeting on April 23. During the meeting, several issues, such as board selection and approval of 2018 budget were discussed.

Transparency International urges President to ‘stop undermining anti-corruption efforts nationwide’ www.theubpost.mn

Transparency International, an international non-governmental organization whose purpose is to take action to combat global corruption urged President Kh.Battulga to stop undermining anti-corruption efforts through his involvement in the Independent Authority Against Corruption (IAAC).

Japan conveying desire to hold summit with NK via Sweden and Mongolia: report www.koreaherald.com

TOKYO -- Japan has been conveying its intention to hold a summit with North Korea via Sweden and Mongolia amid reports of North Korean leader Kim Jong-un's interest in holding a dialogue with Tokyo, a Japanese newspaper said Monday.

China opposes US resolution on Tibet issue www.chinadaily.com.cn

BEIJING -- China on Friday expressed opposition to a U.S. Senate resolution on the reincarnation of Dalai Lama, saying it has interfering in China's internal affairs.

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China www.reuters.com

(Reuters) - T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

Waikato man Eion Kemp prepares for world's toughest horse race in Mongolia www.stuff.co.nz

Waikato man Eion Kemp is always up for a challenge.

And in August he'll leave his home in Matamata to compete in the world's toughest horse race, the Mongol Derby.

The 1000 kilometre derby, in Mongolia, is run across high valleys and open passes, semi-arid dunes, wetland and river crossings.

Many riders compete in the Mongol Derby to win, others just for the experience. Far left is Marie Palzer, a New Zealander who placed sixth in 2017.

Temperatures can drop to -8 degrees Celsius and soar to 50deg C in one day.

In the past, riders had suffered dehydration, hypothermia, broken bones and concussion.

Even the most experience horse riders can get thrown from the wild Mongolian ponies used for the race. Injuries include ...
Supplied
Even the most experience horse riders can get thrown from the wild Mongolian ponies used for the race. Injuries include broken bones and concussion.

Some were chased by wolves and packs of wild dogs.

The unmarked course changes each year and riders navigate by GPS.

Kemp was comfortable and confident around horses.

Friendships are forged between the riders in the Mongol Derby, a 1000 kilometre horse race in Mongolia.
Supplied
Friendships are forged between the riders in the Mongol Derby, a 1000 kilometre horse race in Mongolia.

The Kilgraven Lodge owner breaks in and pre-trains thoroughbred race horses but he was yet to meet the Mongolian horses used for the derby.

Described as the "ballistic missiles" of the 13th Century, these tough, revered steeds once carried the all-conquering Mongol warriors across half the world.

Endurance and speed was there niche.

Kemp had been considering the derby for five years.

Last year he "took the punt" and applied.

"I decided it was time do something for myself."

He will join 45 other riders from around the world, including three fom New Zealand.

Kemp said he could have eased into the world of extreme horse racing with shorter races.

But something easier would have been "cheating" himself.

"I am capable of more than that, and I will either make it or I won't.

"It's something different, an adventure out of my comfort zone.

"Challenging myself and what I can do."

He said people entered to win, others for the experience but all had thing in common, to face the challenge head on.

"After three days, the field breaks away," he said.

"The winners will go forward and the people there for the experience will just cruise and probably see more."

He has spent months preparing, but a 1000km race at a gallop is fairly difficult to train for.

"I have done 40km rides, but that's only one leg.

"Treks are walking or trotting, but these horses are designed for galloping for long distances."

And participants are in for a wild ride.

The horses belong to nomadic herding families and breeders along the 1000km course.

But it doesn't mean they are even tempered or broken in.

"I am told the hardest part is getting on them," said Kemp.

"I have spoken to a lot of people who have done the race.

"They say once you get going, you may not have steering but as long as you point them in the right direction, you are half way there."

About 1400 ponies were selected and trained for the annual race.

Horses must be swapped every 40km at stations where riders could also replenish food and drink or spend the night.

Participants could cover 160km a day, changing horses four-to-five times, riding up to 30 steeds throughout the race.

For the horses benefit, riders must weigh under 85kg.

They could carry an additional 5kg on the horse, including sleeping bag, medicine, clothing and shelter.

"It's damn hard to organise your gear," he said.

"You don't have a lot of room or know exactly what you will be facing day to day."

A GPS tracker ensured riders were retiring their horses every 40km and keeping the animals' heart rates down.

It also ensures riders were not on course between 8.30pm and 7am.

If riders don't find a station by 8.30pm, they either ask a Mongolian family to take them in, or sleep under the stars.

Failure to meet guidelines could incur a two-hour penalty.

A requirement of entry was fundraising $1000 for charity.

Half must go to Cool Earth, an environmental charity working in partnership with indigenous communities to protect rainforests.

The other half goes to the riders chosen charity.

For Kemp this is CatWalk SCI Trust, supporting spinal cord injury research to get people with paralysis back on their feet.

But Kemp doesn't do things by half and has arranged a charity auction during the New Zealand Bloodstock sales on May 7.

The guest speaker is Brendan Lindsay, founder of Sistema, who now owns Cambridge Stud.

Kemp said there isn't much for he can do to mentally prepare.

Despite the challenges ahead, he isn't one to quit once he has made up his mind.

"If I don't do it, I will regret it."

It's a costly experience, made possible with sponsors New Zealand Bloodstock, Prydes Feed, Livamol and Gregory Equine.

And it's not an experience he may want to repeat, so winning is his main goal.

"There is no point otherwise. I have a competitive nature, I like to do the best I can.

Negotiations on road and transportation issues continue with China www.montsame.mn

Ulaanbaatar /MONTSAME/ We interviewed J.Bat-Erdene, Minister of Road and Transport Development on policy, agreements and documents established with China for roads, transportation, railways and border checkpoint development during the official visit of Mongolia’s Prime Minister U.Khurelsukh to China.

-The Prime Minister's visit to China had concrete outcomes rather than just talks. Within the scope of the visit several cooperation documents were signed in the road and transportation sector with China. What is the importance of these documents?
-First of all, we made changes to the memorandum of cooperation signed with China in railways, and agreed to expand the cooperation. The amendments were made to realize works agreed during the visit of China's President Xi Jinping to Mongolia in 2014 and expand railway and border checkpoints.
We talked more about the eastern railway. In this regard, Mongolian Railways and Chinese company signed a memorandum to jointly implement the railway project in route from Khuut-Bichigt to Khuut-Choibalsan. In terms of auto transport, we discussed on transit transportation issues and agreed to continue negotiations on making transportation essential for the two countries. Prior to PM’s visit, I visited China at the invitation of the Chinese Minister of Transport to discuss a number of issues and negotiations are still continuing.

-Will the cross-country railway exits increase?
-Erdenet-Ovoot railway will connect to Kyzyl of Tuva and Kuragino railways. This means that we will have two exits to Russia. The capacity of the Zamyn-Uud-Erlian border checkpoint is becoming insufficient. Therefore, we are discussing to open Khangi-Mandal international border crossing. Khangi Mandal is close to the Bugat city which is the economic and industrial region, so we consider it is possible to export coal and iron ore by opening an international border crossing in this route. We have almost reached an agreement on this issue. So we will have two exits each to Russia and China.

-USD 1.5 billion financing from the government to build a railway is impossible. So, who will build the railway, government or the private sector? Initially railways were supposed to be built by the government, but now the private sector is being relied on to build the railway. Does it seem like the Government is avoiding its policy?
-Regulation runs incorrect. It is impossible to build a railway worth USD 1.5 billion by a transportation agency or ministry alone. Coal buyers or mines that sell the coal should cover the cost for the railway construction in order to buy or sell their product. What I am trying to do is relate the project to the Ministry of Mining and Heavy Industry and it is important to look at the project jointly in a comprehensive way. For example, Erdenes Tavan Tolgoi and Energy Resource could jointly finance and take responsibility for building the railway. This policy should be clarified first. What rail should be built, in what route, and whether coordinates are right or wrong are issues for our ministry. However, raising money should be the mining sector’s issue to solve.
Today, ‘Erdenes Tavan Tolgoi’ has no debts and the company is capable of raising money. As owners of the large Tavan Tolgoi mine, they should raise money to build a railway to transport their products.

-At first 'Energy Resources' proposed to build a railway by itself, but the government suspended it. What
is the reason behind it?
-That is the right principle. If I own a mine, I have to decide to whom I should sell my coal and choose which road to use to deliver the coal. The initial principle of "Energy Resources" was to first build a road. Second, they planned to build a railway. Raising money could succeed when the mine company is guaranteed a profit from coal sales transported by rail. So, we will head in the right direction when we follow this principle.

-What arrangements can be made with state owned 'Erdenes Tavan Tolgoi' company?
-'Energy Resources' is a private company and Erdenes Tavan Tolgoi is a state owned company. So, first of all government should solve this issue. Negotiations should be made, estimating the reserve and value of mineral resources, plan coal mining activity, product sales, and offer proposals.

-Then it means that the government decision will not only focus on railways, but also to solve mining and sales issues of Tavan Tolgoi?
-Government should solve the complex issues. This means resolving issues regarding an increase in coal mining and improving product sales of Tavan Tolgoi. The railway issue will be raised in connection with these issues. In other words, the railroad building shall not be seen separately as a transportation sector issue because the issue will be resolved along with coal mining and money issues.

-A new 200km heavy road is to be built from Tavan Tolgoi to Gashuunsukhait. Will this increase coal transportation from Tavan Tolgoi?
-The railway project must be closely linked to mining operations because it is all about transporting mining products. It is the same regarding auto roads. A bid to construct a new 200km heavy road from Tavan Tolgoi to Gashuunsukhait alongside the existing road was announced and the selection process is underway. By building this new road, trucks loaded with coal will use the new road while the existing road will be used for empty trucks going back to the coal mines. The heavy road will be built with a build-own-operate-transfer concession agreement.

-The PM’s visit had a major impact on shortening the long queue at the Gashuunsukhait border crossing. What measures will be taken in the future?
-During the Prime Minister’s visit to China, we discussed increasing coal exportation to China, improving coal transportation, and logistics issues at the Gashuunsukhait border crossing. As a result, we agreed to make investment of CNY 148 billion or USD 24 million for the development of the Gashuunsukhait border checkpoint. Also, we talked about increasing coal exports of Mongolia. As of today, around 900 vehicles are passing the border loaded with coal. The number of vehicles crossing border reached 1500 at its peak. Therefore, we aim to increase coal transportation to the same volume of the peak.

G.Tuguldur

Most millionaires bet on living to 100 – survey www.rt.com

While the average lifespan in China, the US and the majority of Eastern Europe is now in the late 70s, the rich across the globe are optimistic they will live for a century.
According to UBS Wealth Management, 91 percent of the 5,000 investors it has surveyed are “making financial changes due to increased life expectancy.” Each of those polled has at least $1 million in investable assets, with healthcare stocks as their favored investment.