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AmCham Mongolia Daily Newswire

October 24, 2018

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President Kh. Battulga attends World Investment Forum 2018
On the sidelines of the 2018 World Investment Forum, President Kh. Battulga met with Executive Director of the International Trade Centre (ITC) Arancha Gonzalez, on October 23rd. During the meeting, he proposed hosting the 2020 World Export Development Forum  and implementing both the Women and Trade Program and the Youth and Trade Program of the ITC in Mongolia. The president also met with Director-General of the World Trade Organization Roberto Azevedo. The Director-General highlighted the importance of creating economic diversification in Mongolia and further bolstering human capital.        

The National Post /page 4/
Coal export volume rose by 6 percent in 2018
According to a report from, Mongolia exported 13.3 million tons of coking coal to China via the Gashuunsukhait-Gantsmod border checkpoint in the first three quarters of 2018. Erdenes Tavan Tolgoi, Energy Resources and Tavan Tolgoi JSC mainly export coal through the Gashuunsukhait border checkpoint, making up 45 percent of Mongolia’s coal export volume. Gashuunsukhait Road LLC reported that the number of coal trucks has increased since September, and totaled 1,143 on October 22nd. Mongolia exported 27 million tons of coal as of September, a year-over-year increase of six percent.         

The Official Gazette /page 11/
Minister D. Sumiyabazar to attend International Mining and Resources Conference in Melbourne
The 2018 International Mining and Resources Conference will be held on October 29th through November 1st in Melbourne, Australia. Minister of Mining and Heavy Industry D. Sumiyabazar and Deputy Director of Erdenes Tavan Tolgoi JSC O. Batnairamdal are expected to deliver speeches at the conference. Executives of companies with  mining operations in Mongolia, including Xanadu Mines, Aspire Mining, and Kincora Copper, will attend the conference as well.
Today /page B1/
Mongolia’s Sales Managers Index falls for four months in a row
World Economics reported that Mongolia’s Sales Managers’ Index (SMI) dropped to 56.3 points in October. According to analysts from World Economics, the SMI has fallen for four months in a row, after six consecutive months of gains, mainly due to a tumbling business confidence index, which was triggered by the tugrug’s weakness against the Chinese yuan and continuing price increases. It was noted that Mongolia’s SMI remains in a growth zone, with more than 50 points, despite the problems.         
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