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Daily NEWSWIRE
March 17, 2017
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Government

Commission established to collect presidential election ballots from citizens living abroad

Summary: The General Election Commission held a meeting to establish a commission that will be in charge of receiving the votes for the 2017 presidential election from Mongolian citizens living abroad. The Secretary General of the Ministry of Foreign Affairs, D. Davaasuren, will be the Chair of the commission and the Head of the Office for the General Election Commission, D. Bayanduuren, will be the Vice Chairman. The commission is comprised of representatives from the Ministry of Foreign Affairs and General Agency for Intellectual Property and State Registration.

Keywords: presidential election, voting, consular services   The National Post /page 2/


People’s Parliament Movement proposes a bicameral parliament

Summary: The People’s Parliament Movement organized a meeting to discuss having a bicameral parliament in Mongolia. The movement believes that the Constitution should be amended to allow bicameralism to effectively monitor and efficiently run the Mongolian Ikh Khural (Parliament). Former Mayor of Ulaanbaatar E. Bat-Uul participated in the meeting and noted, “Mongolia’s society is run by oligarchs and its not possible to develop the economy with free marked based economy. When we approved the Constitution in 1992, we didn’t think that the voters would sell their votes and that elected officials would work for their own interests. Back in those days, the People’s Parliament Movement had an Ethics Committee, and if it existed today, it would recall the 76 Members of Parliament.” E. Bat-Uul noted that the MPs and Cabinet members working on amendments to the Constitution should incorporate the opinions voiced by such organizations as the People’s Parliament Movement.

Keywords: Parliament, legislature, democracy   Today /page A2/


Economy

The new international airport expected to be operational in 2018

Summary: According to the government's contract signed with Japanese contractors, the New Ulaanbaatar International Airport in Khushig Valley was handed over to the Ministry of Roads and Transportation Development in January. According to preliminary plans, the airport will be operation in May 2018. Currently, construction financed by additional loans is still underway and a 30 km highway financed by a soft loan from China is still under construction. The highway is expected to be complete by October 2018, but the ministry has ordered completion of the highway by May 2018, the same time the airport is scheduled to open.

Keywords: international airport, aviation, Japan    The Official Gazette /page 7/


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online Story

List of special license holders needing financing will be created for Gold -2 

Summary: The Ministry of Mining and Heavy Industry is currently preparing a list of special license holders in need of financing to effectively implement the Gold-2 program. The main aim of the program is to assist gold mining companies with financial support and to help increase their capacity. The program's goal is for Mongolia's gold miners to produce up to 25 tons of gold by 2020, and to increase the nation's gold reserve by 100-150 tons. Through the government’s program, financing will be sought after in cooperation with the Bank of Mongolia. Minister of Mining and Heavy Industry Ts. Dashdorj announced during a roundtable meeting between representatives from the Mongolian and Canadian governments,  that Canadian financing for the Gold-2 program was requested by the Mongolian government. Minister of Finance B. Choijilsuren highlighted the Gatsuurt project financed by Centerra Gold, citing it as an example of other major projects outside the Gold -2 program. The Mongolian gold sector is attracting funding from the international community. Steppe Gold has decided to invest 20 million USD in exploration in Mongolia and has signed a memorandum of understanding with the Mongolian government. Erdene Resource Development holds special gold exploration licenses for the Altan Nar and Bayan Khundii mines and has closed a financing deal of 13.8 million USD.  
 
Analysts note that even though demand for ornaments with gold is decreasing on the international market, the demand for investment in gold is increasing.
 
The National Statistics Office reported that in the first two months of 2017, Mongolia exported 30.7 million USD worth of unprocessed and half-processed gold to Great Britain. The monetary value of the gold exported is almost twice as low as it was in the same period last year.

Keywords: mining, gold, investment   www.bloombergtv.mn


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