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BANGALORE, April 13 (Reuters) - Khan Resources Inc (KRI.TO) said Mongolia's Nuclear Energy Agency (NEA) invalidated the mining and exploration licenses of two of its units citing certain violations, sending its shares down 40 percent, their largest ever fall on a single day.
Peter Koven, Financial Post Published: Tuesday, April 13, 2010
Canadian junior miner Khan Resources Inc. is caught in a geopolitical mess involving Russia, China and Mongolia. And even as the situation worsens, the company maintains that a planned Chinese takeover is still in the cards.
SouthGobi sees 2010 Mongolia coal exports to China at 12 mln T
BEIJING, April 13 (Reuters) - Exports of coal to China from its northern neighbour Mongolia are likely to hit 12 million tonnes this year, up from 8.5 million tonnes last year, said a senior executive with SouthGobi Energy Resources Ltd.
HONG KONG, April 13 (WSJ) – Mongolia plans to raise up to $1 billion through a sovereign bond offering in the fourth quarter of this year, the country's prime minister said.
The government is also moving forward with plans to list publicly owned mining, energy and infrastructure assets, Prime Minister Sukhbaatar Batbold said at a forum organized by the Hong Kong Stock Exchange.
The Company is also working through the mining licence application process in order to convert all or a portion of its Togoot exploration licence to a mining licence. A decision regarding the conversion application is expected shortly.
Developing Asia's Recovery from Crisis Takes Firm Hold - ADB
HONG KONG, CHINA - Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a new major report.
ADB's annual flagship economic publication, Asian Development Outlook 2010 (ADO 2010), released today, forecasts robust growth of 7.5% in 2010, well up from 5.2% in 2009, supported by a modest recovery in global trade and the ongoing effects of fiscal and monetary stimulus. Growth should moderate slightly to 7.3% in 2011 as effects of those expansionary policies dissipate.