December 16, 2016
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The MCC to sign a second compact agreement with Mongolia

Summary: Regional Deputy Vice President for Europe, Asia, Pacific and Latin American of Millennium Challenge Corporation’s (MMC) Department of Compact Organizations Fatema Z. Sumar spoke with Minister of Foreign Affairs Ts. Munkh- Orgil to inform him that the MMC has chosen Mongolia for the signing of a second compact agreement. The MMC’s second compact agreement will be focused on creating comprehensive ways to create sustainable and suitable solutions for Mongolia’s long-term development. The MCC will cooperate with Mongolia to improve sanitation and water supply facilities serving the ger districts of Ulaanbaatar. The BoD of MCC believes that maintaining efforts to combat corruption in Mongolia will yield improvements for the economy. The second compact agreement is expected to be signed in 2017.

Keywords: bilateral relations, U.S., Millennium Challenge Corporation   The National Post /page 4/

Speaker of the Parliament pays an official visit to Russia  

Summary: Speaker of the Parliament M. Enkhbold is paying an official visit to Russia. His first meeting was with the Chairman of the Supreme Council of the United Russia Political Party (URP), Boris Vyacheslavovich Gryzlow, to discuss cooperation between the URP and MPP. Gryzlow noted that the two political parties should pay special attention to implementing over 30 projects in transport, roads, infrastructure, and energy to establish an economic corridor between Mongolia, Russia, and China. Gryzlow stated, “Even though the trade turnover as of last year was 1.1 billion USD, an increase of six-fold since 2000, it still needs to increase.” M. Enkhbold voiced his support for establishing the economic corridor and implementing projects to support it. M. Enkhbold and Gryzlow signed a cooperation document on behalf of their parties at the end of the meeting. During the Speaker's visit, CEO of Development Bank of Mongolia B. Batbayar and Andrei Ivanov of Russia’s Sberbank signed a memorandum of understanding to pursue further investment by Sberbank in Mongolia.

Keywords: bilateral relations, Russia    Daily News /page 2/


Oyu Tolgoi resumes copper concentrate export

Summary: Turquoise Hill, who owns 66% of Oyu Tolgoi, announced that OT will resume its copper concentrate export. Oyu Tolgoi halted its copper concentrate export on December 1, due to new requirements at the border. After engagements with Mongolian and Chinese authorities, OT will export their products through a new joint coal and concentrate crossing route at the border. The company stated, “Based on completed trial shipments, Oyu Tolgoi expects shipment to return to pre-suspension levels over the coming weeks. Production at Oyu Tolgoi was unaffected during the shipment suspension.”

Keywords: Oyu Tolgoi, mining, exports   Today /A1/

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D. Erdenebat registers for the Democratic Party’s chairmanship election

Summary: Member of Parliament D. Erdenebat has registered for the Democratic Party’s election for party Chairman. D. Erdenebat has sent the required materials to the election commission and stated that he will run a fair campaign. The Head of the Democratic Party’s Election Commission, J. Oyunbaatar stated that the election will be just and fair.

Keywords: DP, party leadership

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia