The Government of Mongolia is taking debts by selling securities in domestic market and bonds in international markets. The bonds issued by the Government reached MNT 1 trillion and 164 billion in July 2016. However, the Government has not even paid the interest payment on its previous debts. 
In 2018, Mongolia must repay a total of USD 660 million bonds to international investors. Although, State Secretary of the Minister of Finance B.Nyamaa presented a plan to replace these bonds by issuing new bonds. Thus, foreign debt payment might account the largest part of the state budget in next year. At least, the new bonds must have low-interest rate and long-term.
In March 2017, when a USD 580 million bond issued by Development bank of Mongolia came in due, the Government replaced it by a new bond, named Khuraldai. 82 percent of the lenders and investors of Development bank of Mongolia`s USD 580 million bond agreed the replacement while remaining 18 percent of the owners wanted to take the bond payment and its interest payment. Then the Government paid a total of USD 104 million to these foreign lenders. 
In such way, the country is easily delaying its debt repayment and living from loan to loan.

There are some 215 Teslas in Russia, despite the fact that they are not yet officially on sale and there are no registered maintenance or charging facilities in the country.

As the buyer of 20 Teslas, that makes Abramovich the biggest Russian buyer of Elon Musk’s brainchild, the Bell says, adding the tycoon hands them to “people close to him and business partners."

“Abramovich is a big fan of this car, as he is of everything environment-friendly, including electric transportation,” a source close to the tycoon told the Bell.

"He was the first to bring it here and started promoting it so that several people would have them at once."

Among those to have received a car are the director of the Garage contemporary art museum Anton Belov and president of the Federation of Jewish Communities of Russia Alexander Boroda. The list also includes former Moscow Culture Minister Sergei Kapkov, the Bell says, citing several unidentified sources.

Belov confirmed to the Bell that he had been given the car for use by the billionaire. Abramovich's spokesman did not return a request for comment from the Bell by the time the story was published.

According to Tesla’s official website, there are currently no charging stations in Russia. Five charging points are “coming soon” — in Novopetrovskoye, Torzhok, Veliky Novgorod, Toropets and close to St. Petersburg.

“The Mongolian economy which saw a downturn last year has started increasing to 5.3%, and the budgetary income steadily growing up since 2017. This is a result of a policy, actions and cooperation performed with the International Monetary Fund, other organizations and countries. Confidence of foreign investors in Mongolia is reviving, brining some profit to companies. I wish Mongolia became again a favorable country for foreign investors,” said Munkhbat at the opening of the meeting.

The Cabinet Secretariat Head expressed thanks to Ms Jennifer Zimdahl Galt, the Ambassador of the USA to Mongolia, for supporting certain works by the government to improve the environment for investors.
“Mongolia has satisfied the IMF conditions, so the sustainable development policy and goals must be ensured. It has become a clear from statistical information that the parties should collaborate in upgrading the legal landscape on investment, tackling complaints, disputes and requests from investors and not repeating any controversial situation,” he noted.

At the meeting, investors touched upon issues of instability of the Mongolian government, regular changes of laws, which leading dubious condition, and complained about bureaucracy of state servants. They also clarified some planned actions for backing investors through the tax policy, focusing attention to infrastructure of big projects and programs and attracting new investment.

Last year, the World Bank Group made a survey among 33 foreign and domestic enterprisers to observe the state services, and then valued it as ‘seriously poor’ at resolving complaints and requests. Related to the complaints, investment of USD 1.9 billion has been considered as risky.

Due to the reason, the IPC has formulated a draft rule on considering and tackling requests and complaints from investors towards state administrative bodies and servants in order to protect investors’ interest and to make the legal environment more stable and favorable. In addition, a draft law will be submitted to parliament soon on abolishment of contravention and duplication in laws.

Head of the Cabinet Secretariat is expected to meet investors and businessmen of Australia and the UK in near future to hear their opinions and ideas.
B.Khuder

The record date is April 05, 2017 and the dividends will be placed in the shareholders’ accounts held at Mongolian Central Securities Depository starting from September 04, 2017.
Source: MSE
B.Tugsbilig

Copper touched $3.1215 a pound ($6,882 per tonne) in morning trade, the highest since mid-September 2014 before paring some of the gains. Copper is now up close to 50% compared to this time last year.

According to Reuters weekly copper stocks in warehouses registered by the Shanghai Futures Exchange declined by more than 8% over the past week to 187,444 tonnes while in LME warehouse so-called on-warrant inventories – those not earmarked for removal – have halved to 112,950 tonnes over the past six weeks.

No 1 producer joins copper rally skeptics as price hits new 3-year highIn contrast Comex stocks have climbed to levels last seen in 2004 and at 181,072 this week have tripled since November 2016, at least in part due to unprecedented speculative interest from hedge funds.

On Tuesday, the chairman of the world's number one producer, Chile's Codelco, joined the chorus expressing doubts about the sustainability of the recent rally:

"I'm a little skeptical…in the short-term," Oscar Landerretche said a mining conference in Chilean capital Santiago. "It's true that all of the fundamentals are good in the medium- and long-term…but I would be very cautious."
Codelco produced over 1.8m tonnes of the red metal in 2016, a 3% drop over the previous year but the state-owned firm managed to stay ahead US-based Freeport which expanded output by 12% last year to a shade under 1.7m tonnes. Codelco is likely to retain the copper crown after Freeport agreed to sell a majority stake in its Grasberg mine to the Indonesian government.

Analysts polled before copper's latest run up gave forecasts well below the ruling price. Investment banks and other institutions polled by research firm FocusEconomics forecast that prices will average $5,722 per tonne in Q4 2017 and $5,832 per tonne in Q4 2018. The lowest forecast for Q4 2017 was $4,899 per tonne, while the maximum forecast was $6,200 per tonne.

Whether copper's 13% rise in little more than a month will convince the smart money to lift their low-ball projections remains to be seen.

MMC maintained its leading position as the major washed coking coal producer in Mongolia. In the first half of 2017, the Group sold approximately 2.3 Mt of coal products, representing an increase of 292.7% compared to 0.6 Mt of coal products sold in the first half of 2016, generating a total revenue of USD 245.9 million which was increased by 691.7% year-on-year. The average selling price (ASP) for washed hard coking coal (“HCC”) was USD127.7 per tonne, up 144.6% year-on-year.

During the period under review, the profit attributable to the equity shareholders of the Company amounted to approximately USD 311.7 million, mainly contributed by increased ASP, higher sales volume of coking coal products due to strengthening market conditions, and gain from debt restructuring.

On 4 May 2017, the Group completed the successful implementation of the debt restructuring, the total gain from the debt restructuring recognized by the Group amounted to USD 263.0 million.

Dr. Battsengel Gotov, CEO of MMC said “With improved market conditions, the Group will aim to maximize its production and sales volumes in 2017 in a safe manner. We will also continue to optimize our transportation and logistics efficiency by implementing strategic change solutions. Increasing sales volume will be achieved by adopting aggressive marketing strategy to expand market penetration with direct access to ultimate end-user customers”.

Source: MMC
B.Tugsbilig

During the meeting, Putin noted positive dynamics in the Russian-Mongolian trade turnover, which showed a 34-percent growth in the first half of 2017. The Russian president also mentioned positive developments in political and economic relations between the two countries.
"We will have a lot to discuss in detail in Vladivostok," Putin said.

The third Eastern Economic Forum will take place on September 6-7. It was established in 2015 as a platform for cooperation between business and political representatives from Russia and the Asia-Pacific region.

Also, a total of 2.8 million people has been using the mobile bank application. More and more advanced technologies with easier online transaction systems are being introduced to the market. For example, local commercial banks are opening their online platforms and new services for smart phones.

Trade and Development Bank has introduced #TDBPAY, a new transaction service for both business owners and buyers.

Using QR codes, Trade and Development Bank and Khan Bank users can now receive and make transactions. The user’s account information is changed into QR code and can be used on every commercial bank’s mobile applications. Also, Golomt Bank has introduced “Socialpay” service. Using the "Socialpay", the user can use their social network accounts, such as phone number, e-mail address, twitter and facebook accounts, to make transaction and locate nearby people for transaction using their smart phone’s GPS service.

The reason why imports increased by 27.5 percent is largely due to the USD 183.8 million rise in mining imports; diesel imports increased by USD 141.4 million, electronics or motor vehicle equipment by USD 116.3 million, metal products by USD 55.6 million and auto fuel by USD 33.9 million in the first seven months of 2017.