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Mongolia

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by

Ian Zhang

on 18 June 2014

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Transcript of Mongolia

China
Mongolia
Kazakhstan
Surprising Facts
Thank You
Mongolia Investment Agency
Axel Drouet
Stuart Hall
Alizée Petit
Floriane Ramond
Zhe Ming Zhang

Mongolia stock exchange (est. 1991)

The Development Bank of Mongolia

Exploration licenses (3 years +)
Mining license (30+ years)

Canadian Embassy & Canadian Trade Commissioner

British Columbia Trade and Investment team

Come visit

Canada is the second largest investor in Mongolia

Proximity to trading partners

Mongolia exports 7% to Canada

Equipment & expertise

Canadian government organizations

Canadian mining companies already successful

Inflation

Undiversified economy

Unsuitable environment

Infrastructures

Inflation
12.5% in December 2013

Weakness of the banking system

Risk of losing control of the rapidly growing economy

Undiversified Economy
Dependance on mining sector
30% of the country’s GDP in 2013

Undiversified trade partners
China = 85% of mining resources exportations
Investment Environment
Unpredictable political decisions

Corruption
Bribe to government (35% in 2013)
No databases

But:
2006 anti-corruption laws
Creation of anti-corruption Agency

Country Overview
Political and Legal Environment:

Government: Parliamentary republic

Constitution in the early 1990s

Current President: Tsakhia Elbegdorj

Court system based on the Romano-Germanic system
Division between civil and public law


Weaknesses & Risks
Strengths & Rewards
Currency:
Tögrög (MNT) (1 CAD = 1,600 MNT)


Population:
2.9 Million (+1.5%)
Median age: 26.9 years
Sex ratio: 49.5% male, 50.5% female

Low population density
70% is urban (40% live in UlaanBaatar)
30% nomadic or semi-nomadic

Literacy rate: 97.8%

Labor force: 1.24 million

Unemployment: 11%


Russia
Country Overview
Economic Overview
Exports:
$4.78 billion (2011)

Imports:
$6.5 billion (2011)
China 37.6%
Russia 25.7%
US 9.4%, South Korea 6.1%, Japan 4.9%

Taxes
With holding tax: 20% when transferring funds
Corporate tax ranges: 10% to 25%
No local or wealth taxes

Economic Overview
Cultural Overview
Official language:
90% Khalkha Mongol
10% Turkic , Russian and English

Ethnicities:
Khalkhs (81.9%)
Kazaks (3.8%), Dorvod (2.7%), Bayad (2.1%), etc.

Religions:
Buddhism (53%)
Atheist (40%)
Islam (3%), Christianity (2.2%), Shamanism (2.8%)

Airports:
20 domestic and 1 international

Trans-Mongolian Railway


Fiber-optics cables
have been installed in cities
2.2 million mobile phone users
521, 5200 Mongolians had internet access (2012)

Mongolia and mining companies are working together
Mainsprings of Global Power
Corruption
Corruption perceptions index 2013 - Transparency International

Infrastructures
Promising economic and demographic indicators

Proximity with China and Russia

Beginning of exploitation of huge mining resources

Double digit GDP growth
Mining Resources
Mining Resources
How to Invest in Mongolia
Why Canada?
Success Stories
SouthGobi Sands LLC

Major Drilling Mongol LLC

Ivanohoe Mines Ltd.
Competition
->
Average

Science
->
Average

Property Rights
->
Average

Medicine
->
Good

Consumer Society
->
Average

Work Ethic
->
Good
Competition
Work Ethic
Main trading partner
is China

Coal competitors - China imports:
Australia (35%)
Indonesia (24%)
Vietnam (19%)
Russia (9%)
Mongolia (5%)

Copper competitors - China imports:
Chile (28%)
Peru (13.8%)
Australia (8.6%)
Mongolia (8%)
Opportunities:
Labor regulations
Min wage: $1700 annual
Adaptation and flexibility
Collectivist society
English

Challenges:
Higher hand of high power distance
Power gap between men vs. women
High context communication
Foreign mining companies are building schools, teaching farmers, and investing in the future on Mongolians.

2,9 million inhabitants living in an area the size of the province of Quebec (7,5 million).

" Keep breakfast for yourself, share lunch with your friend and give dinner to your enemy”

The central blue band is described as the
eternal blue sky, while the side red bands
represent the ability of Mongolia to thrive in
its harsh environment.

bayarlalaa
2013
GDP: $10.258 billion

GDP per capita: $3,627

GDP by sector:
Agriculture: 15.8%,
Industry: 32.6%,
Services: 51.6%.

GDP growth: 12.5% (2013)
Economic Overview
Full transcript