May 25, 2018

Parliament votes to create a cyber policy committee to advance state digitization


Parliament approved a resolution on establishing a temporary cyber policy committee made up of 26 Members of Parliament. MPs A. Undraa, M. Oyunchimeg, J. Enkhbayar, and N. Uchral suggested first discussing blockchain technology, involving specialized experts and  quickly undertaking legal arrangements to make the delivery of public services fast, transparent, and open. Speaker of Parliament M. Enkhbold stated, “Even though we've talked about creating an e-Government for more than a decade, there has been little progress. It is expected that the establishment of a cyber policy committee will ensure that realistic changes are made in making public services less bureaucratic, fast, and more transparent.” He asked the cyber policy committee members to pay special attention to the use and security of digital information.

Keywords: technology, Speaker M. Enkhbold   Today /page A2/

ILO to help develop an equal opportunity employment program in Mongolia


On May 24, Minister of Labor and Social Welfare S. Chinzorig held a press conference with Director of the Country Office for China and Mongolia of the International Labor Organization (ILO) Claire Courteille-Mulder, Executive Director of the Mongolian Employers’ Federation Kh. Ganbaatar,  and President of the Confederation of Mongolian Trade Unions Kh. Amgalanbaatar. Minister S. Chinzorig noted that the Government of Mongolia approved a state policy on employment in 2016, as part of Mongolia's Sustainable Development Vision 2030. He highlighted, “Cabinet has been implementing projects to increase employment opportunities in remote and less economically-developed areas, and to ensure equal opportunities for employment for women and people living with disabilities.” Courteille-Mulder stated, “We are planning to implement various activities in collaboration with relevant parties, and to focus on the future labor environment.”

Keywords: unemployment, International Labour Organization   The National Post /page 2/ 


Coal truck crossing at Shivee Khuren border checkpoint falls in May


In April, mining companies exported a total of 1.56 million tons of coal to China through the Shivee Khuren-Sikhe border checkpoint. According to a report from Inner Mongolia Autonomous Region authorities, checkpoint's export volume was at its highest in the past 26 years. The Shivee Khuren-Sikhe border checkpoint has the capacity to process up to 1,500 trucks daily. After negotiations with China on April 23, 1,403 trucks crossed the border checkpoint. However, only an average of 750 to 850 trucks a day are currently crossing the border.       

Keywords: coal export, China   The Official Gazette /page 11/

online story  

Steppe Gold Ltd. completes a 25 million CAD IPO on the Toronto Stock Exchange


Steppe Gold Ltd. launched an initial public offering (IPO) on the Toronto Stock Exchange and raised 25 million CAD in capital. Steppe Gold’s IPO was the first Mongolian IPO to be released on a foreign stock exchange since 2012. The company’s market value now totals 80 million CAD. Steppe Gold plans to carry out drilling of 20,000 meters in its Altan Tsagaan Ovoo project and to begin exploration by the end of 2018. The company previously reported that it discovered four targets with higher concentrations of gold at its Uudam Khundii property.

Keywords: Canada, stock market, gold mining

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