1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Giant Australian coal mine near Reef one step closer www.mining.com

 
Indian conglomerate Adani Group’s $16bn (A$21.7bn) Carmichael coal and infrastructure project in Australia has cleared another major hurdle with Queensland approving a rail line and construction camp.
 
According to a statement from the Queensland ministry of mines it is the "final major State and Federal Government approval" for the proposed mine, set to become Australia's largest.
 
The rail section approved this week will form part of the 389 kilometre heavy haul railway line from the mine in the Galilee Basin to the coal export Port of Abbot Point.
 
The project still needs a water licence approved and hopes to secure a Federal Government loan reports ABC:
 
The mine will consist of six open-cut pits and up to five underground mines, and will supply Indian power plants with enough coal to generate electricity for up to 100 million people.
 
The controversial project involves dredging 1.1 million cubic metres of spoil near the Great Barrier Reef Marine Park, which will then be disposed of on land.
 
Since first proposed, Carmichael has faced opposition from organizations ranging from the United Nations to various environmental groups.
 
The project was approved by the Australian government over a year ago, under what environment minister Greg Hunt called “the strictest conditions in Australian history."
 
Adani has said legal costs and cutting its way through the environmental hurdles had so far cost it $120 million.
 
According to official estimates, Carmichael will contribute some $3 billion a year to Queensland’s economy and has the potential to create 6,400 new jobs: around 2,500 construction positions and 3,900 operational posts. Adani hopes to start construction in the second half of next year.
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Shenzhen-Hong Kong Stock Connect kicks off www.xinhuanet.com

 
HONG KONG, Dec. 5 (Xinhua) -- The Shenzhen-Hong Kong Stock Connect, the second link between the mainland and Hong Kong bourses, was launched on Monday.
 
Ceremonies were held simultaneously at Hong Kong and Shenzhen bourses via video link as Hong Kong Exchanges and Clearing (HKEX) Chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying jointly beat a gong to mark the launch.
 
It is the second link of its kind to boost opening up of the mainland's capital market after a similar link between the Shanghai and Hong Kong bourses was launched in 2014.
 
"Following the footsteps of Shanghai-Hong Kong Stock Connect ... Shenzhen-Hong Kong Stock Connect is yet another milestone in deepening mutual access between the capital markets in China's mainland and Hong Kong," Leung said at the ceremony.
 
The new scheme is aimed at giving global investors access to stocks in the tech-heavy Shenzhen market via Hong Kong bourse. A total of 417 stocks on the Stock Exchange of Hong Kong are eligible for trading, and 881 stocks are eligible on the Shenzhen Stock Exchange.
 
Compared with Shanghai-Hong Kong Stock Connect, the new scheme between Shenzhen and Hong Kong represents "an enhanced version" in terms of its expanded scope of eligible securities, as well as the lift of limits on aggregate quota upon its launch, Leung said.
 
The Shenzhen-Hong Kong Stock Connect is exemplary of Hong Kong's combined advantages of "one country, two systems," he said. "We are, indeed, a 'super-connector' between the rest of China and the rest of the world."
 
Hong Kong stocks' benchmark Hang Seng Index opened 15 points, or 0.07 pct, higher on Monday morning.
 
HKEX Chief Executive Charles Li said he did not expect a sharp rise in turnover shortly after the launch. "It's like building a bridge. After the bridge is built, flows of people will arrive in succession in the coming 20 years or so."
 
He described the Shenzhen-Hong Kong Stock Connect as "the second leg" for the stock markets in the Chinese mainland and Hong Kong, "Now we can walk, and then we can run."
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HK tycoon makes $5.4bn offer for Australian energy firm www.bbc.com

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn).
CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing.
The offer represents a 28% premium on Duet's share price, when last traded on Friday.
Any formal bid by CKI would be subject to approval from Australia's Foreign Investment Board Review (FIRB).
Earlier this year the Australian government rejected a $7.4bn combined bid by CKI and China's State Grid Corp for a controlling stake of state-owned energy grid, Ausgrid, citing security concerns.
In a statement to the Australian Securities Exchange, Duet said its board was considering the proposal, and it was also advising shareholders to "take no action as there was no certainty the proposal will proceed further".
CKI sees itself as a global infrastructure company with investments and operations in many countries including the Netherlands, Portugal, New Zealand and Canada.
Forbes magazine estimates that Mr Li's wealth from his property, energy, retail, ports and technology businesses amounts to $33.5bn (£26.2bn).

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Mongolia and Qatar might formalize cooperation in healthcare www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Ministries of Health of Mongolia and Qatar have agreed to sign a Memorandum of Understanding on cooperation in targeted therapy and capacity building for laboratories.
 
Minister of Health A.Tsogtsetseg took part in the World Innovation Summit for Health, held in Doha of Qatar on November 29 and 30.
 
On the sidelines, the Minister met with her counterpart Ms Hanan Al Kuwari and Minister of Foreign Affairs of Qatar, Mr Soltan bin Saad Al-Muraikhi and came to an agreement on future cooperation in communicable diseases and healthcare studies.
 
The 3rd World Innovation Summit was attended by some 1,500 delegates from over 100 countries, including health ministers from 19 countries.
 
The summit addressed education of medical practitioners, cardiovascular disorders, infectious diseases, stem cells and targeted therapy, population genomics, effects of genetic determinants and pathology, healthy population, healthy behavior, health and ethics and investment in healthcare.
 
 
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Oyu Tolgoi suspends concentrate shipments due to border crossing matters www.mongolia.gogo.mn

 
Turquoise Hill Resources announced effective December 1, 2016 Oyu Tolgoi has suspended concentrate shipments to the Chinese border following a new requirement at the Chinese-Mongolian border to utilize one joint coal and concentrate crossing route. The new requirement has led to safety and security concerns as well as unreasonably long waiting times to cross the border.
Oyu Tolgoi is seeking to clarify the requirements with the relevant authorities in Mongolia and China.
On 22 November, the authorities in charge of Gants Mod crossing in Inner Mongolia, China have imposed new fees on commodity shipments between the two countries..
Under the newly-imposed fees, a transit fee of 10 yuan ($1.45) will be charged on vehicles each time they pass through the border, and an additional charge of 8 yuan per tonne will be imposed on any goods that they are delivering.
For precious metals and copper concentrate worth more than 10,000 yuan per tonne, exporters will be charged 0.2 percent of the total value of the cargo, the notice said, adding that the new charges would come into effect on 1 December. Although this is only one border crossing, as it is a major crossing these fees could cost the coal industry up to as much as 12.2 million USD [per annum].
At present, it is not clear the potential duration of the shipment suspension. The Company will update the market in due course as material information is ascertained.
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Copper price: Warnings over US trade with China, Mexico www.mining.com

 
Credit ratings agency Moody's warned at the beginning of the year that the downturn in raw materials was like no other and that the global mining sector was undergoing structural change.
 
As a result, Moody's embarked on a sector-wide review of the 87 global mining majors that it covers and in the process dropped big names like Freeport-McMoRan, Anglo American and Vale into junk territory and axed ratings for heavyweights like Rio Tinto, BHP Billiton and Chile's state-owned Codelco.
 
In August Moody's issued a new report on the global base metal sector, changing its outlook from negative to stable as the rally in many metals showed some resilience and rewarding companies like Rio Tinto, Teck Resources and Anglo with better outlooks following successful debt reduction strategies.
 
However, Moody's believes the latest leg up for base metals (bellwether copper is up more than 25% over the last eight weeks) is not sustainable. Carol Cowan, Moody’s Senior Vice President says most metals markets remain in surplus and "supply-demand fundamentals have not improved meaningfully":
 
As a result, we expect base-metal prices to be under pressure in 2017, though we do not expect prices to retreat to the lows seen in late 2015 and early 2016.”
 
Hedge funds make $5 billion bet on rising copper priceAll base metals, with the exception of zinc, remains oversupplied and global inventories have also remained stubbornly elevated (again zinc is the exception) according to the report.
 
While increased infrastructure spending should benefit the sector, particularly inside the US, the impact of the presidential election for the base-metal industry remains unclear says Cowan:
 
Potential reduced trade with Mexico could have an adverse impact. This would likely decrease demand levels from key end markets for steel and bases metals producers including the aerospace, construction and automotive industries.
 
Further, any trade friction between the US and China could also have a negative impact, as China accounts for approximately 50% of the demand for most base metals.
Moody's recently adjusted upwards expectations for Chinese GDP to 6.6% and 6.3% in 2016 and 2017 respectively, but warns global growth remains tepid:
 
China continues to shift towards a consumer-driven economy from one anchored by manufacturing. As such, we do not see a near term catalyst for a material increase in demand, barring significant stimulus by China.
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Panasonic looks to buy headlight maker ZKW for up to $885mn www.asia.nikkei.com

OSAKA -- Panasonic plans to purchase European automotive lighting company ZKW in a move designed to increase the Japanese manufacturer's presence in automotive electronics, an industry undergoing rapid change amid progress in self-driving and electric vehicles.

The two companies are in the final stages of negotiations, and a basic deal could be hammered out by mid-December. The acquisition is expected to cost up to around 100 billion yen($885 million).

ZKW's main products are energy-efficient light-emitting diode headlights capable of illumination at great distances. The company, founded in 1938, has a global workforce of about 7,500 with research and production sites in areas including Europe, the U.S., China and India. It supplies leading Western automakers such as General Motors, with sales for 2016 seen at roughly 900 million euros ($960 million).

Japan's Koito Manufacturing and France's Valeo Group together hold nearly 50% of the global headlight market, with ZKW taking about 5%. Headlight technology is changing amid the development of self-driving vehicles, allowing adjustments of the beams' brightness and direction to enhance safety. Panasonic has a wealth of know-how in sensors that it could combine with ZKW's strength in lighting to develop new technology for image recognition, letting the electronics manufacturer take on the industry's two giants.

Panasonic's automotive division deals mainly in car navigation systems and vehicle batteries. The company is proceeding with plans to invest around 500 billion yen ($4.41 billion) to mass-produce batteries for Tesla Motors. By purchasing companies covering a broad array of key products, Panasonic seeks to raise automotive-related sales to 2 trillion yen in fiscal 2018.

Panasonic last year took a 49% stake in Spain's Ficosa International, a company that makes items such as automotive mirrors. The partners have begun jointly developing electronic mirrors for vehicles.

The automotive industry is changing as products from different industries are being adopted into the traditional mix. Information technology and electronics companies are becoming the lead players in this upheaval. South Korea's Samsung Electronics agreed last month to buy Harman International in the U.S. for $8 billion. Germany's Siemens has formed a joint venture with Valeo that develops powertrains for electric vehicles. Google, meanwhile, is buying robotics companies in its effort to develop self-driving cars.

(Nikkei)

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Apple reveals self-driving car plan www3.nhk.or.jp

 
US tech giant Apple has disclosed it is working on automated vehicles. The announcement is ratcheting up the already fierce competition among automakers and other IT players like Google over the next-generation technology.
 
Apple has sent a letter to the US National Highway Traffic Safety Administration. It says the company is excited about automated systems in many areas, including transportation.
 
Apple says self-driving vehicles have the potential to prevent many deaths from car crashes. The company has expressed willingness to work with transportation authorities on a legal framework.
 
Apple has hired engineers from automakers, which ignited rumors it's developing automated vehicles.
But this is the first time the company has made its plans known.
 
The letter doesn't say what kind of technology Apple is working on, or when it plans to commercialize it.
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Fed official stands by Wall Street reforms, says must complete work www.reuters.com

 
The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.
 
In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, New York Fed President William Dudley said much progress has been made making the financial system "less prone to panics."
 
"Still," he said in prepared remarks, "there is more to do before we can say that we have ended 'too big to fail.' This is work that we absolutely must complete."
 
Dudley's comments, to a Group of 30 meeting of top world regulators, came a day after another powerful regulator at the U.S. central bank, Daniel Tarullo, also warned against "backsliding" after years of implementing the landmark 2010 Dodd-Frank financial-reform law.
 
Challenges especially remain in regulators safely and smoothly handling the hypothetical failure of a massive bank with operations in multiple jurisdictions, Dudley said.
 
Addressing other areas of the financial landscape, Dudley, whose institution acts as the Fed's eyes and ears on Wall Street, drew a line around these areas he said provided important structure changes: reforms in tri-party reverse repurchase market; in over-the-counter derivatives and the central clearinghouses that handle that activity; and in money market mutual funds.
 
Trump, a Republican whose victory last month shocked pollsters, has said his administration will grow the economy in part by rolling back elements of the Dodd-Frank Wall Street reform law.
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Greece sees final solution on debt crisis amid euro uncertainty www.reuters.com

 
Political uncertainty in Europe has created fresh momentum for a "comprehensive and permanent" solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday.
 
Euro zone finance ministers will meet in Brussels on Monday to discuss short-term debt relief for Greece, and Germany's Wolfgang Schaeuble said it must implement reforms instead of hoping for further debt forgiveness.
 
Greece remained optimistic for a final debt deal, however, just as Italians are voting on a constitutional referendum on Sunday and a victory for the opposition 'No' camp may push the euro zone toward fresh crisis.
 
"Everyone realizes that Europe cannot stand a rekindling of the Greek crisis, when there are issues with Italy and amid a pre-election period in many European countries," Dimitris Tzanakopoulos told Athens 9,84 radio.
 
"The general uncertainty which prevails in Europe - which is both political and financial - creates ... a momentum for a comprehensive and permanent solution for the Greek issue."
 
Bank of Greece Governor Yannis Stournaras said new measures were needed to lighten Athens' debt burden. One option would be to extend the maturity of already granted long-term aid loans by some 20 years.
 
"Greece needs debt sustainability and more realistic fiscal targets after the completion of the current adjustment program (in 2018)," Stournaras told German business daily Handelsblatt in an interview to be published on Monday.
 
Athens has received three international bailouts since 2010 and its debt, at about 180 percent of GDP, is still the highest in the euro zone.
 
Talks between Athens and its official creditors as part of a bailout review have hit a snag on labor reforms including reviving collective bargaining on minimum wage and mass layoffs, in a country where unemployment stands at 23 percent.
 
Differences also remain over a projected fiscal gap in 2018, when Greece's program ends, and on energy reforms.
 
The EU and the International Monetary Fund are at odds over the country's fiscal targets after 2018. The IMF, which has yet to decide if it will participate in Greece's bailout program, says the target is unrealistic unless Athens is granted significant debt relief and adopts more austerity measures now.
 
"We've made clear that there is no chance we'll accept what the IMF demands on (austerity) measures and labor reforms," Tzanakopoulos said, calling on EU partners to support Greece.
 
Stournaras said it would be a good sign if the IMF remained on board.
 
"It would ensure more credibility for the program," the central banker said, adding that Athens' reform efforts were finally paying off and that the economy was on the right track.
 
Germany, Europe's paymaster, wants the IMF to join the program but says Greece does not need further debt relief.
 
Finance minister Schaeuble urged Athens to implement reforms: "If Greece wants to stay in the euro, there is no way around it - in fact completely regardless of the debt level," he told Bild am Sonntag in an interview on Sunday.
 
Tzanakopoulos said targets beyond 2018 could be discussed after medium- and long-term debt relief measures were outlined. A second Eurogroup meeting could seal the deal, he said.
 
The latest deadlock has sparked talk of early elections in Greece. The government has dismissed the rumors.
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