OT LLC WELCOMES AGREEMENT TO ADVANCE UNDERGROUND MINE

Ulaanbaatar /MONTSAME/ Oyu Tolgoi welcomes the agreement by its shareholders–the Government of Mongolia and Turquoise Hill Resources and Rio Tinto to move ahead with developing the underground mine at Oyu Tolgoi, reported OT on May 19.

The shareholders signed an Underground Development Plan that lays down the key outstanding shareholder issues and sets out an agreed basis for the funding of the project. With a new pathway to development of the underground agreed, the focus now shifts to finalizing the project finance, revising and approving the feasibility study, and securing all necessary permits so that the underground development can proceed.

G.Batsukh, the Chairman of Oyu Tolgoi’s Board of Directors, said:”This is an extremely positive development for Mongolia and all those involved with Oyu Tolgoi. I want to thank the negotiating teams, of both the Government of Mongolia and Rio Tinto, for the patience, respect, and professionalism shown with reaching this agreement.

This is a proud moment for the Oyu Tolgoi project, its shareholders, and the country. On behalf of the Board of Oyu Tolgoi LLC, I welcome today’s news.”

Andrew Woodley, the President and Chief Executive of Oyu Tolgoi LLC, said:”I am very pleased our shareholders have resolved the outstanding issues to progress with the development of the underground mine at Oyu Tolgoi.

With this agreement, further progress can now be made to unlock the large, high-grade ore body that lies well below the surface of our operation and is one of the best copper-gold ore bodies anywhere in the world. “Since taking up the position of President and Chief Executive late last year, I have been struck by the professional- ism and dedication of our hardworking Mongolian employees. I know that they will be very pleased with this news. “Of course, the open-pit phase of the mine continues to operate both safely and efficiently, with safety remaining our number one focus area. We continue to work hard on increasing productivity and reducing the cost base of our operation in order to ensure the long-term economic viability of the business.”

There have been significant developments this year for Oyu Tolgoi LLC which have set a solid foundation for progressing the underground development. In the first quarter, the business celebrated the one millionth tonne of concentrate shipped and signed a MoU with Erdenet in order to share best practice on health and safety. In April, a Cooperation Agreement with Omnogovi (the province where the Oyu Tolgoi mine is based in the South Gobi) was signed to ensure sustainable development on water, environment, pastureland management, cultural heritage, and local business development.

B.Amarsaikhan

WEATHER FORECAST UNTIL MAY 24

Ulaanbaatar /MONTSAME/ Precipitation is not expected. Winds will get stronger in the Gobi and steppes on May 20, reaching 12-14 m/sec, and in most regions on May 23, temporarily reaching 16 m/sec of speed and forming dust storms.

In the mountainous areas of Khangai, Khovsgol and Khentii, and in the banks of Tuul and Terelj rivers, the nighttime temperature will be +3+8 Celsius, the daytime, +18+23.

In the banks of Orkhon and Selenge rivers, the nighttime temperature will be +11+16, and the daytime, +28+33.

In other regions, the nighttime temperature will be +8+13, and the daytime +24+29 Celsius.

B.Amarsaikhan

MONGOLIA HAS OVER 1.2 MILLION PEOPLE OF WORKFORCE

Ulaanbaatar /MONTSAME/ According to statistics of workforce by first quarter of this year, Mongolia has 1,205.5 thousand people of workforce aged above 15.

632.1 thousand or 52.4% of them are male, and 573.4 thousand or 47.6%–are female. 734.7 thousand or 60.9% of the economically active population live in urban areas, and 470.8 thousand or 39.1%–in localities.

By the first quarter of 2015, the labor force participation rate (LFPR) is 61.5% nationwide. It shows 55.4% in urban areas, and 74.5% in localities. In addition, the number of workers increased by 65.2 thousand or 6.2% against the previous year.

There are 88.6 thousand unemployed people at a national level in the first quarter of 2015. 53.6 thousand or 60.5% of them are male, and the rest or 35.0 thousand–female. In that time, the unemployment rate became 7.4%, declining by 2.0% against the previous year.

B.Khuder

STATE CEREMONIAL CONCERT FOR NAADAM TO BE GIVEN OUTSIDE

Ulaanbaatar /MONTSAME/ During this year’s Naadam Festival to continue on July 4-15, 16 ceremonial events will take place, and the state concert of honor will be given outside for the first time on July 10.

Vice Minister of Education, Culture and Science Ya.Tomorbaatar reported it at a regular meeting of the organizing committee of the Naadam Festival ran Monday in the State House. This meeting approved a plan of works of sub-committees of the organizing committee.

Within the Festival, the Central Square of Ulaanbaatar will hold a concert of classic music, a children’s gala concert, festivals of dance for world Mongolians and Morin Khuur, the “Mongolians in Deel” festival, a concert of foreign famous groups and the “Ulaanbaatar’s Night” party. The “Horse Herder” festival will be organized as well, said Tomorbaatar.

At the meeting, the Deputy Premier and head of the organizing committee U.Khurelsukh obliged leaders of the sub-committees to fully ensure preparation of the annual festival.

B.Khuder

TRANSPORT STATISTICS

Ulaanbaatar /MONTSAME/ In the first four months of 2015, a total of 5659.6 thousand tons of freight and 927.9 thousand passengers (double counting) were carried by railway transport. Compared to the same period of the previous year, the amount of carried freight decreased by 402.6 thousand tons or 6.6 percent and the number of carried passengers decreased by 155.5 thousand people or 14.4 percent.

The revenue from railway transport in the first 4 months of 2015 reached MNT 109.6 billion reflecting decrease of 12.5 billion Togrog or 10.3 percent compared to the same period of the previous year.

As for air transport, it carried 812.1 tons of freight and 167.3 thousand passengers (double counting). Compared to the same period of the previous year, the amount of carried freight decreased by 269.5 tons or 24.9 percent and the number of carried passengers decreased by 36.1 thousand people or 17.7 percent.

B.Amarsaikhan

GDP INCREASES

Ulaanbaatar /MONTSAME/ Gross Domestic Products (GDP) by production approach reached MNT 4525.7 billion at current price and MNT 2854.9 billion at 2010 constant price in the first quarter of 2015, showing increase of 9.4 percent at current price and 4.4 percent at constant price, compared to the same period of the previous year.

GDP by expenditure approach reached MNT 4540.3 billion at current price, MNT 2921.9 billion at 2010 constant price in the first quarter of 2015, showing increase of 10.0 percent at current price and 4.4 percent at constant price, against the same period of 2014, the National Statistics Office reports.

B.Amarsaikhan

CFAB International Spring Fair and Food Festival

2015 оны 5 дугаар сарын 12-13-ны өдрүүдэд ИБУИНВУ-д суугаа ЭСЯ Британи дахь “Монголын урлаг, соёл Лондонд” ТББ-тай хамтран жил бүр зохион байгуулагддаг олон улсын хаврын үзэсгэлэн худалдаа, үндэсний хоолны наадамд  амжилттай оролцов. 56 дахь жилдээ зохион байгуулагдаж байгаа уг арга хэмжээнд Лондон дахь 70 гаруй гадаадын ДТГ-ууд оролцов. 

Британи дахь “Монголын урлаг, соёл Лондонд” ТББ Ч.Сэндэмийн торго дээр зурсан уран зураг бүхий алчуур, цаасан хайчилбар, бэхэн зураг, Британийн зохиолч, түүхч Жон Ман-ы “Чингис хаан”, “Хубилай” ном, загвар зохион бүтээгч Д.Сэмжидмаа (Сэмка) өөрийн ноолууран бүтээгдэхүүнээр уг арга хэмжээнд оролцлоо.

The Embassy of Mongolia and Mongolian Art and Culture in London together have participated in the CFAB International Spring Fair and Food Festival on 12-13 May 2015. Diplomatic missions of over 70 countries based in London will bring their art, culture and food to the 56th CFAB International Spring Fair and Food Festival.      

Amazing hand-painted and colourful silk scarves and artworks by a Mongolian designer Ch. Sendem, ink painting and paper cutting artworks, mongolian souvenirs, British writer’s book “Genghis Khan”, “Kublai Khan” are provided by Mongolian Art and Culture in London, cashmere-by a London-based Mon
golian designer D.Semjidmaa (Semka).

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WEATHER FORECAST UNTIL MAY 19

Ulaanbaatar /MONTSAME/ Rain and snow are expected in western part of western region on May 15, western and central regions on May 16, in central and eastern regions on May 17, and in eastern region on May 18. Winds will get stronger in the sub-mountains of Altai on May 15, in some regions on May 16, reaching 12-14 m/sec, in some regions on May 17 and in steppes and the Gobi on May 18, reaching 16-18 m/sec speed and forming dust and snow storms.

The nighttime temperature in mountainous areas of Khangai, Khovsgol and Khentii and in the banks of Tuul and Terelj rivers will be -2+3, and the daytime, +13+18.

In the depression of Great Lakes and in southern part of the Gobi, the night- time temperature will be +8+13, and the daytime, +23+28.

In other regions, the nighttime temperature will be +1+6, and the daytime, +17+22 Celsius.

It will get warmer in northern parts of central and eastern regions on May 17, and in eastern half of the territory on May 18.

B.Amarsaikhan

STOCK EXCHANGE NEWS FOR MAY 12

Ulaanbaatar /MONTSAME/ At the Stock Exchange trades on Tuesday, a total of 80 thousand and 783 units of 16 JSCs were traded costing MNT 265 million 521 thousand and 638.00.
“Merex” /56 thousand units/, “Genco tour bureau” /9,680 units/, “Remikon” /7,013 units/, “APU” /3,183 units/ and “State Department Store” /1,344 units/ were the most actively traded in terms of trading volume, in terms of trading value were “APU” (MNT 11 million 241 thousand and 170), “Merex” (MNT four million and 984 thousand), “Merex” (MNT one million and 530 thousand), “Genco tour bureau” (MNT 774 thousand and 400), “State Department Store” (MNT 672 thousand).
The total market capitalization was set at MNT one trillion 261 billion 183 million 042 thousand and 333. The Index of Top-20 JSCs was 12,805.49,decreasing 0.04% and the all index of MSE was 940.21.
B.Khuder

MONGOLIA CONSIDERS JOINING CONVENTION ON TRANSFER OF SENTENCED PERSONS

Ulaanbaatar /MONTSAME/ The cabinet considered on Monday Mongolia’s joining the Convention on Transfer of Sentenced Persons of the Council of Europe, and resolved
to consult it with affiliated Standing committee.
The Convention has been ratified by governments of 47 European Union member states and by 19 non-members, including the USA, Australia and Japan, where our citizens work and study in relatively great numbers. By joining the Convention, Mongolia will exchange convicts with the Convention’s member-countries.
The Government is collaborating in exchanging the convicted and assisting in the transfer processes with several countries, where Mongolian nationals travel to on purposes of study, work and business, and have come to become subjects to criminal cases. Mongolia has signed bilateral agreements with seven countries so far, which legalized the convict-transferring procedures. As for the countries without any regulations regarding the procedures, it requires some diplomatic measures.
B.Amarsaikhan

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