The price per ton of unconcentrated fluorspar amounts to 75-92 USD and 92-97 USD for concentrated fluorspar. The Minister of Mining and Heavy Industry has set up a task force to prepare additional proposals based on analyses of the fluorspar industry extraction and exports.

Task force members met with industry representatives last week, and both sides agree that proper policies regarding fluorspar will help increase the value of the mineral.

The conference included discussions on Mongolia’s economy, investment environment, Asian investors, major projects and programs in mining industry and the stock market.

Major companies and investors of China attached great importance on the conference as it was organized shortly after Prime Minister U.Khurelsukh’s official visit to China. At the conference Minister D.Sumiyabazar called the investors to make investments in gold mining, minerals processing plants and making the Erdenes Tavan Tolgoi deposit to enter to international markets.

Deputy Director for Business and Development of the Erdenes Mongol LLC O.Odbayar gave information on financial performance, long-term goals, projects and programs of the Erdenes Mongol LLC and its subsidiaries, and the stocks issued by Erdenes Tavan Tolgoi JSC, which attracted interest of the conference participants.

B.Misheel

S. Batbold, Ulan Bator's mayor, and G. Dashnyam, CEO of bicycle maker Nickel Ganbaa, signed an agreement here Tuesday to implement the U-Bike project, which will place 500 bicycles in over 40 locations in the first phase.

The bicycles will have GPS devices to prevent theft.

By 2020, 2,000 bicycles will be deployed in 150 locations.

Electric bicycles, numbering 2,500, will be put in 250 locations by 2021-2026. By 2027-2033, their number will be doubled.

The fee for the service will be 500 Mongolian tugrik (20 U.S. cents) per 30 minutes, and 800 tugrik (about 33 cents) per hour.

Below are the topics to be discussed at the conference.

- The update of the IMF Program and the outlook of the Mongolian Economy in 2018
- The action plan of the Government in the next two years and the areas that benefit most
- The successful refinancing of the Sovereign Debt and the opportunities to invest in Corporate, Municipal and Bank Debts
- The Government plan of Privatizing SOEs and listing the shares of Erdenes Tavan Tolgoi and others to London Stock Exchange

Invest Mongolia is one the of the largest events on Mongolia, which serves as a platform of bringing in people from the Government, key industries' players, financial institutions, global investors and medias attracting more than 1000 delegates where they get a chance to talk about several socio-political and economic development throughout the year. It will be the first time for Invest Mongolia to be held in London.

This year will be particularly important to attend because ETT, the largest coal miner in Mongolia is interested in going IPO in LSE and we anticipate lots of business opportunities in the next few months between UK and Mongolia.

Therefore, we have confirmed the participation of important Government officials including Minister of Mining Sumiyabazar. So, far, we have confirmed 10 business people and 10 Government officials to attend the event. And, we expect 10-20 more to attend for the event. See the list of speakers at below.

https://frontier-conference.com/london/speakers/

So, please register online at the events via the below links. The registration is free of charge.

https://www.frontier-conference.com/london/registration/

In addition, if you want to join the below Business Tour from June 6-14 to UK hosted by Mongolian Business Database, MBD will help you to obtain UK VISA for you. The deadline of the registration for them will close on April 26 (Thursday). http://www.mongolianbusinessdatabase.com/base/eventsdetails…

Please also note that it will take about 5 weeks to obtain UK visa for Mongolians as the application of the UK visa needs to be submitted to Manila.

For the details of the visa application, please contact the link at the www.mongolianbusinessdatabase.comand/or register at contact@mongolianbusinessdatabase.com or call (+976) 9906-6062

Invest Mongolia London 2018
Organized by Frontier Securities and National Development Agency in association with Mongolian London Business Forum

Tel: +976 7575-5520
E-mail: conference@frontier.mn
Conference Website: https://frontier-conference.com/london/

EU-Mongolia relations have progressed extremely positively in the past months, notably the establishment of the EU Delegation in Ulaanbaatar on 2 November 2017 and the aforementioned entry into force of the Partnership and Cooperation Agreement.

In the meeting, both the EU and Mongolia re-affirmed the importance of further enhancing their relations by working on an action plan for implementing the PCA. They exchanged views on regional and global issues and discussed opportunities for strengthening cooperation on connectivity issues.

The EU and Mongolia discussed further steps in assisting the Mongolian authorities in devising the Public Finance Management Trust Fund with the World Bank and the possible budget support operation if the conditions are met. The discussions also focussed on concrete ways in which the EU can support Mongolia in complying with its commitments on taxation jurisdiction. Both the EU and Mongolia agreed to explore the feasibility of setting up a joint working group on development cooperation in the course of the year.

The second EU-Mongolia Human Rights Dialogue was held back-to-back with the Joint Committee. Both sides discussed issues related to enhancing cooperation in multilateral fora. Regarding the possibility of reintroducing death penalty, the EU expressed its principled position as opposed to death penalty in all circumstances.

As is the case for all human rights dialogues, the EU met with civil society representatives ahead of the Dialogue, which contributes to a regular engagement with such groups.

The Subcommittee on Trade and Investment, held ahead of the Joint Committee on 10 April by videoconference reviewed the state of trade and economic cooperation with a focus on the diversification of Mongolia's economy. Discussions also focussed on "GSP+" implementation, investment opportunities and cooperation on raw materials. The Joint Committee was briefed on the outcomes of the discussion.

The Mongolian Delegation was headed by Mr TSOGTBAATAR Damdin, Minister of Foreign Affairs. The European Union's delegation was headed by Mr Gunnar WIEGAND, Managing Director for Asia and the Pacific at the European External Action Service.

The EU and Mongolia agreed to hold their next Joint Committee meeting in 2019 in Ulaanbaatar.

Xi made the remarks when meeting with Russian Foreign Minister Sergei Lavrov at the Great Hall of the People in Beijing.

Xi said he is looking forward to President Putin's China visit in June and his attendance at the Shanghai Cooperation Organization (SCO) summit in the eastern Chinese coastal city of Qingdao.

He said he hopes to boost friendship with President Putin, jointly plan China-Russia ties in a new era, and discuss the future development of the SCO together with the leaders of other SCO member countries.

Calling a high-level bilateral relationship "precious wealth of both countries," Xi said the China-Russia comprehensive strategic partnership of coordination has maintained positive development momentum.

China and Russia need to continue to give play to the guiding role of high-level exchanges in the development of bilateral ties, fully implement the consensus reached by the two heads of state, and synergize the Belt and Road Initiative and the Eurasia Economic Union, Xi said.

He also called on the two sides to enhance mutual support in international affairs, jointly uphold international law and universally recognized norms of international relations, and strengthen cooperation within the SCO, BRICS, G20 and other frameworks so as to build a new type of international relations and a community with a shared future for humanity.

"I believe that with the efforts of both sides, China-Russia ties will make new achievements," said Xi.

Lavrov said President Putin looks forward to visiting China and attending the SCO Qingdao summit.

Russia has attached great importance to the comprehensive strategic partnership of coordination with China and stands ready to further strengthen bilateral cooperation, he said.

Both Russia and China respect international law and the UN Charter, said Lavrov, adding that his country agrees that the two nations need to further enhance coordination within multilateral frameworks.

D.Ariunbold, former CEO of Erdenes Tavan Tolgoi JSC, was appointed as a CEO of ‘Erdenes Alt Resource’ LLC. 
‘Erdenes Alt Resource’ LLC will operate in exploring, extracting and purifying precious metals in Mongolian territory, alongside its sales.

The company was established within the goals to execute exploration works to augment gold and silver reserve of the country, increase the volume of extraction, purify precious metals in Mongolia according to international standards, increase foreign currency reserve and raise Mongolia’s credit rating.
M.Unurzul

The 18-carat gold trophy was welcomed by Mongolian officials, including President Khaltmaa Battulga and football fans.

Ulan Bator is the 55th city visited during the tour, which is expected to travel to 91 cities in 51 countries.

The tour began last year in Russia and will conclude in Osaka, Japan, on April 30.

The trophy will be on display in Ulan Bator's Shangri-La Mall for several hours, where fans will be able to admire it and take photos.