Friday, April 16, 2010

Mogi's April 15, 2010 Morning News

Mongolia to Develop Biggest Untapped Uranium Field With Russia

April 14 (Bloomberg) -- Mongolia will develop its biggest untapped uranium field in a venture with Russia after revoking Khan Resources Inc.’s permit to exploit the Dornod resource.

The Asian country’s state-owned KOO MonAtom will hold at least 51 percent in a venture with Russia’s government-run ARMZ Uranium Holding and possible partners from Japan or China, according to Mongolia’s Nuclear Energy Agency. Bayarbayasgalan Tudevbazar, nuclear materials chief at the agency, commented in an e-mailed response to questions on April 9.

SouthGobi Energy May Post ‘Robust’ Earnings Next Year

April 14 (Bloomberg) -- SouthGobi Energy Resources Ltd., the Canada-listed mining company backed by China’s sovereign wealth fund, may post “robust” earnings starting next year as production expands, its chief executive officer said.

Earnings will be “neutral” this year, Alexander Molyneux said in an interview in Beijing today, without elaborating. Performance still depends on the price of coking coal, used in steelmaking, he said.

Mongolia approves east-west railway network

April 14 (FT) Mongolia, a resource-rich country lacking roads or rail, has taken its first step in building the infrastructure required to be a leading commodities exporter, after it approved construction of more than 5,000km of railways.

Red Hill and Prophecy Announce Completion of Merger, New Company to
Trade on Monday Under 'PCY.V'

VANCOUVER, BRITISH COLUMBIA, Apr 14, 2010 (MARKETWIRE via COMTEX) ... the merger of Red Hill and Prophecy will be completed on April 16, 2010.
Following the Arrangement, Red Hill has agreed to change its name to "Prophecy Resource Corp."

COPPER-Major market developments in March

LONDON, April 14 - The copper market's fundamentals remain strong, but analysts are wary in the near term and expect prices to pull back.

"The long term fundamentals are very good, but at around $8,000, the market has got ahead of itself and there's potential for a correction," said RBS analyst Daniel Major.

This view was echoed by others.

"Short term we're cautious on copper. it's gone up a long way," said Harry Colvin, commodities economist at consultancy Longview Economics.

Successful Steps in Fighting Corruption in Mongolia

April 14 (Mongolia-Web) Mongolia - The "Independent Authority Against Corruption" (IAAC) of Mongolia has published the 2009 income and asset disclosure (AID) of 243 of Mongolia's highest level officials.

CHEA President Judith Eaton Speaks at Mongolian International
Accreditation Seminar on Higher Ed.

April 15 (Los Angeles Chronicle) Judith Eaton, President of the Council for Higher Education Accreditation (CHEA) served as a keynote speaker at an "International Accreditation Seminar on Higher Education," held on April 6-7, 2010 in Ulaanbaatar, Mongolia.

No comments:

Post a Comment