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AmCham Mongolia Daily Newswire

January 21, 2019

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President Battulga attends a strategic meeting of the Mongolian Armed Forces
On Saturday, President of Mongolia and Commander-In-Chief of the Mongolian Armed Forces Kh. Battulga spoke at a strategic meeting of the Armed Forces about enhancing strength during times of peace. The president noted the importance of expanding the nation's armed forces, border troops, and emergency responders. The president emphasized to have unity in the Armed Forces; he suggested that officials talk to him before making any staff changes and announced the approval of recent changes to uniforms, titles, and symbols.

Today /page A2/
Fourteen MPs sign a petition to dissolve Parliament
In an initiative led by the Democratic Party (DP), 14 Members of Parliament (MPs) have signed a petition to dissolve Parliament, including MP J. Erdenebat and G. Temuulen.  MP J. Erdenebat stated that the DP will be responsible for the government’s operations and that Parliament should propose amendments to the Constitution, strengthen government immunity, and stabilize government activities that are beneficial to Mongolia. He added that Parliament is approving laws driven by personal interests, which is weakening the nation.

The National Post /page 2/
Oyu Tolgoi's gold and copper yield increased in 2018
Oyu Tolgoi produced 159,000 tons of copper concentrate and 285,000 ounces of gold concentrate in 2018. Turquoise Hill Resources reported that the 2018 copper yield increased by 1.1 percent and the gold yield increased by 150 percent compared to 2017. In Q4 2018, gold yield increased by 234.3 percent compared to the same period in 2017. The company expects to produce 125,000 to 155,000 tons of copper and 180,000 to 220,000 ounces of gold in concentrates in 2019, and 40 million tons of ore in 2019.
The Official Gazette /page 11/
ERD releases a preliminary economic assessment for the Khundii Gold Project
Erdene Resource Development Corp. (ERD), dual-listed on the Toronto Stock Exchange and Mongolian Stock Exchange, has released a preliminary economic assessment for the Khundii Gold Project. The initial estimated cost will be 32 million USD. The project will take eight years to execute, and annual gold production will be 51,200 ounces. The company plans to release the feasibility study and apply for an operating license in 2019. 
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