Manchester United strikes deal with Alibaba to boost football club’s engagement with its Chinese fan base www.rt.com

Premier League football club Manchester United announced on Friday a new partnership with e-commerce giant Alibaba as it aims to raise its profile and merchandise sales in the world’s second-largest economy.
The deal will see Manchester United content, including selected first-team matches, highlights and localized original productions, available to consumers across Alibaba’s platforms (such as video-streaming platform Youku.com).

Corruption in Mongolia: what the public thinks? www.news.mn

Mongolia has long been associated with corruption in political and judicial circles. How accurate is this opinion?

Workplace discrimination against Mongolian women www.news.mn

Since its ‘Democratic Revolution’ two decades ago, Mongolia has progressed dramatically. Yet, how modern is Mongolia exactly?

Erdene files pre-feasibility study for the Bayan Khundii gold project and completes the European bank for Reconstruction and Development financing www.erdene.com

Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the filing on SEDAR of the independent Technical Report (the “Report”) for its 100%-owned, high-grade, open-pit, Khundii Gold Project in southwest Mongolia, including a Pre-Feasibility Study (“PFS”) for its Bayan Khundii Gold Deposit (“Bayan Khundii” or “BK”) and an updated Preliminary Economic Assessment (“PEA”) for its Altan Nar Deposit (“Altan Nar” or “AN”), located 16 km from Bayan Khundii. The Report entitled “Khundii Gold Project NI 43-101 Technical
Report”, dated December 4, 2019, was prepared in accordance with National Instrument 43-101 Standards of
Disclosure for Mineral Projects (“NI 43-101’) by Tetra Tech, Inc. (“Tetra Tech”). The Report is available under the
Company’s profile at www.sedar.com and on the Company’s website at www.erdene.com.
The Company is also pleased to announce the receipt of US$5 million (C$6.6 million) from the European Bank for
Reconstruction and Development (“EBRD”) and a further C$1 million from the coincident non-brokered private
placement of units of the Company, under the previously announced financing package. Proceeds of these financings
will be used to fund the independent Feasibility Study (“FS”), Front-end Engineering and Design (“FEED”) of the
Khundii Gold Project (the “Project”), exploration, acquisition, and for general working capital purposes.
Quotes from the Company:
"As the year comes to a close, I would like to acknowledge the significant recent accomplishments of Erdene’s team,”
said Peter Akerley, Erdene’s President and CEO. “Over the past 18 months, the Company has delineated resources
for two gold deposits, established minable reserves at Bayan Khundii, defined water resources, completed
preliminary economic assessments for both deposits and a pre-feasibility study for Bayan Khundii, received mining
licenses and continued to generate exploration success.”
“Our recent financings provide the wherewithal to kick-off the Bayan KhundiiFS and FEED work, designed to position
us for 2021 production with one of the highest grade pre-development projects globally while continuing exploration
in our new Khundii Gold District,” continued Mr. Akerley. “We are poised for further success in 2020.”
NI 43-101 Technical Report Highlights (US$1,300/oz Gold Price)
• Sequential development of open pits at BK and AN using conventional processing at the BK processing facility
• BK Measured and Indicated Resources of 520,700 ounces gold at an average grade of 3.16 g/t gold, a 20% increase
from the September 2018 resource estimate
• BK Proven and Probable Reserves of 422,000 ounces gold at an average grade of 3.7 g/t gold
• AN Indicated Resources of 318,000 ounces gold at an average grade of 2 g/t gold and 14.8 g/t silver
TSX: ERD | MSE: ERDN
www.erdene.com info@erdene.com
• Average annual gold production of 61,000 ounces in the BK PFS and 45,300 ounces of gold and 205,000 ounces
of silver for the updated AN PEA
• Life of mine head grade of 3.73 g/t gold for the BK PFS and 3.46 g/t gold for the updated AN PEA
• Project life of 11 years, comprising a one year pre-production period, six-year operating life for BK, three-year
operating life for AN, and one year mine closure
• All-in sustaining cost (“AISC”) of US$746/ounce of gold recovered for the BK PFS and for the updated AN PEA,
US$931/ounce of gold equivalent (see press release dated October 21, 2019 for “AuEq” definition)
• BK PFS Initial Capital US$40 million and US$2 million incremental capital for AN PEA
• Payback period of less than 2 years for BK PFS
• BK PFS Life of Mine Earnings Before Interest, Taxes and Depreciation of US$211 million
• Post-tax Net Present Value of US$97 million (NPV5%) and a 42% Internal Rate of Return (IRR), for the BK PFS
• Post-tax NPV5% and IRR of US$24 million and 92%, respectively, for the updated AN PEA, reflecting the second
phase of the development, and utilizing the BK infrastructure
• Significant benefits to Mongolia, including Life of Mine royalties and taxes of US$82 million and approximately
300 new jobs in Bayankhongor Province
Further details on the pre-feasibility study can be found in the Company’s press release dated October 21, 2019 and
the full report is accessible on the Company’s website.

Gazprom, Mongolia To Assess Feasibility Of Pipeline Gas Deliveries To China www.urdupoint.com

MOSCOW (UrduPoint News / Sputnik - 05th December, 2019) Russian energy giant Gazprom said it signed on Thursday a memorandum of understanding with Mongolia on a joint assessment of the feasibility of pipeline gas supplies to China through Mongolia.
"Gazprom CEO Alexei Miller and Mongolian Deputy Prime Minister Olziisaikhany Enkhtuvshin signed a memorandum of understanding today in Sochi.

Road tax increased five times starting 2020 www.montsame.mn

Ulaanbaatar /MONTSAME/. On December 2, Citizen’s Representative Khural of Ulaanbaatar city convened and made a decision to increase the annual road tax in Ulaanbaatar city by five times.

Central Stadium to be fully privatized next year www.montsame.mn

Ulaanbaatar /MONTSAME/. At its meeting of December 2, Citizens’ Representative Khural of Ulaanbaatar city approved a list of legal entities and properties to be privatized in 2020. A total of six places were announced to be sold to private ownership under open auction, which are:

RZD signed consultancy contract for coal line in Mongolia www.railwaypro.com

Sergey Stolyarov, the acting Managing Director of RZD International, and Damdinsuren Jigjidynymaa, the head of Ulan Bator Railways (UBTZ) signed a contract for the provision of technical consulting services regarding the construction of the Tawan – Tolgoi – Zuunbayan railway line in Mongolia.

Vladimir Putin met with Prime Minister of Mongolia Ukhnaagiin Khurelsukh in Sochi. www.en.kremlin.ru

President of Russia Vladimir Putin: Mr Prime Minister,

Welcome. I am very glad to meet with you again.

Our relations have been developing consistently and steadily. Last year, trade grew by 21 percent, and by another 15 over the first 8–9 months of this year. In addition, our relations continue to diversify, and this is a good sign. They cover engineering, agriculture, mineral fertiliser and, of course, energy. Gazprom has begun to supply liquefied natural gas. Rosneft covers 80 percent of the demand for oil products. Electricity is supplied, too. Agriculture plays an important role in our bilateral trade.

Speaking about energy, we have good opportunities for development, including with third countries. And, of course, Mr Prime Minister, we are ready to promote Mongolia’s dialogue with the Eurasian Economic Union. I know that our Mongolian friends are interested in this dialogue.

I know you have a busy programme in Russia. I am sure that your visit will help develop our bilateral relations.

Thank you.

Prime Minister of Mongolia Ukhnaagiin Khurelsukh (retranslated): Thank you, Mr President.

I am very glad to have the chance to meet with you again today.

I would like to pass on the sincerest and warmest greetings from President of Mongolia Khaltmaagiin Battulga.

I would also like to tell you that Mongolians are very pleased that you attached such importance to the local celebrations of the 80th anniversary of the joint victory in the Battle of Khalkhin Gol and went to Mongolia on an official visit to pay tribute to that historical deed of our fathers and grandfathers.

We are also grateful that, following your visit, the status of Russian-Mongolian relations was upgraded to that of friendship and comprehensive strategic partnership. I am pleased to tell you that recently our parliament, the State Great Khural, ratified this treaty on friendly relations and comprehensive strategic partnership.

I fully agree with your opinion that our countries and peoples have enjoyed traditionally friendly relations for many years. In addition, soon we will celebrate the 100th anniversary of our diplomatic relations. I am glad to have the chance to come to Russia on an official visit as Prime Minister of Mongolia on the eve of this important occasion.

Two days ago, I had very fruitful and successful talks with Dmitry Medvedev. We discussed a wide range of issues related to our bilateral relations and cooperation. We coordinated our positions on several issues that had been waiting for a decision for a very long time. During our talks with the Prime Minister of Russia, we discussed issues related to our countries’ cooperation in energy, oil product supplies, gas pipeline construction and other strategic areas of our bilateral relations and cooperation. Of course, we also discussed the further development of our ties in humanitarian areas, in culture and education.

Following my visit, 12 documents were signed, which will serve as the further legal basis for our cooperation. These documents were concluded between our governments, agencies and private companies.

Mongolians respect and remember well that Russians have always cared, supported and helped us during the dark years of our history due to our friendly relations.

I would also like to note that recently the Russian-Mongolian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation has been working more actively and fruitfully

Two percent of national GDP to be spent on green economy in 2020 www.montsame.mn

Ulaanbaatar /MONTSAME/. With the United Nations defining the main tool to reach sustainable development goals as the green economy, Mongolia approved the Green Development Policy document in 2014, and its implementation plan in 2016. As a result, there has been certain progress made in not only the environment but also various economic sectors with the green development policy successfully being implemented in Mongolia. The matter was highlighted at the consultative meeting held under the theme, ‘Green Economy and Modelling’, on December 4.