May 12 (China Daily) BEIJING: China has initiated feasibility studies for a free trade agreement (FTA) with Mongolia to further strengthen bilateral trade ties between the two nations, a top official from the Ministry of Commerce said on Tuesday.
...
According to figures from the ministry, bilateral trade between the two countries reached $2.4 billion in 2009, 50 times higher than 1991 and accounted for 47.4 percent of Mongolia's total foreign trade. China has been the largest trade partner of the country for 11 consecutive years.
...
According to Zhou, Chinese companies' investment scale in the neighboring country, especially in mining and oil exploration, has grown rapidly in recent years. The total capital invested by Chinese companies last year in Mongolia was 7.9 times higher than a year earlier and stood at $120 million spread over 4,000 projects.
...
"We're actively seeking equity investment in Mongolian companies for minerals like iron ore, zinc and lead," said an investment manager at Western Mining, China's seventh-largest copper miner.
"The proposed China-Mongolia FTA will benefit both countries by facilitating more cross-border trade and easing increasing trade frictions when more Chinese enterprises enter the country for business opportunities," said Huang Ying, an associate researcher at China Institute of Contemporary International Relations.
...
Apart from Mongolia, China is also exploring possible FTAs with India and South Korea. So far, China has signed FTAs with nine countries and regions including Pakistan and the Association of Southeast Asian Nations, and is currently in talks with the Gulf Cooperation Council, Australia, Iceland, Norway and the Southern African Customs Union.
http://www.chinadaily.com.cn/
CLARIFICATION: Petrovis' sale price of Petro Matad's shares is unknown, USD0.01 is par value
Mogi: Petro Matad gave me a clarification on the announcement of the disposal of shares reported yesterday.
The exact sale price is unknown, USD0.01 stated in the announcement is the par value of the shares. I thank MATD for clearing the misunderstanding.
MATD's original announcement:
http://www.petromatad.com/
Ivanhoe Mines Releases New Integrated Development Plan For Oyu Tolgoi Copper-Gold Mining Complex in Mongolia
ULAANBAATAR, MONGOLIA--(Marketwire - May 11, 2010) - Ivanhoe Mines Ltd. -
- Average annual production estimated at 1.2 billion pounds of copper and 650,000 ounces of gold for the first 10 years
- Plan declares first underground mineral reserves for Hugo Dummett block-cave mine
- Oyu Tolgoi on track to become one of the world's top three copper-gold mines
...
Download the IDP: http://www.ivanhoemines.com/i/
http://www.marketwire.com/
Ivanhoe Calls Oyu Tolgoi One of World’s Largest Mines
May 11 (Bloomberg) -- Ivanhoe Mines Ltd., planning to develop deposits in Mongolia with Rio Tinto Group, will produce 1.2 billion pounds of copper annually at a project it says will be one of the world’s largest copper and gold mines.
...
The volumes announced by Ivanhoe “would put them in the top tier,” Bart Melek, a commodity strategist at Bank of Montreal in Toronto, said in a telephone interview. Oyu Tolgoi “is a world-class asset” in the same league with the Grasberg mine in Indonesia, which is run by Freeport-McMoRan Copper & Gold Inc., and the BHP Billiton Ltd.-controlled Escondida project in Chile.
...
Oyu Tolgoi’s estimated phase-one copper output would place it fourth behind Escondida, Codelco Norte and Grasberg, according to the ICSG data. Codelco Norte is operated by Chile’s state-owned Codelco, the largest copper producer.
...
Ivanhoe reiterated today that it hired Citigroup Inc. to evaluate strategic options, including debt and equity offerings and asset sales. Ivanhoe spent $107.4 million on exploration and development on Oyu Tolgoi last year, compared with $156 million in 2008 and $245.5 million in 2007.
...
Ivanhoe fell C$1.05, or 6.3 percent, to C$15.49 at 4:10 p.m. in Toronto Stock Exchange trading. The shares have gained 89 percent in the past 12 months. Rio declined 72 pence, or 2.1 percent, to 3,295.5 pence in London.
http://www.bloomberg.com/apps/
Ivanhoe says Mongolian copper-gold mine in top 3
TORONTO, May 11 (Reuters) - Ivanhoe Mines' (IVN.TO) Oyu Tolgoi project in Mongolia will be one of the world's top three copper-gold mines when it goes into full production, the Canadian exploration company said on Tuesday.
Ivanhoe forecast the mine's average annual production at 1.2 billion pounds of copper (544,000 tonnes) and 650,000 ounces of gold in its first 10 years, with operations set to begin in 2013.
The company is also looking into building a smelter near the site, and will study the economics of doing so.
"We have been in active discussions with a number of groups very much interested in either financing the construction of a smelter and/or being involved in offtake," Ivanhoe Executive Chairman Robert Friedland said on a conference call.
...
The company said the reserves and resources outlined in the new development plan are based on a price assumption of $2.00 per pound for copper and $850 an ounce for gold.
Ivanhoe said total cash costs are estimated at 45 cents per pound of payable copper produced, after gold credits, over the first 10 years.
...
Rio Tinto owns about 22.4 percent of Ivanhoe and holds options to increase that stake to 46.6 percent over the next two years.
...
http://uk.reuters.com/article/
Prophecy Contracts Leighton for Q3 Coal Production at Ulaan Ovoo, Mongolia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2010) - Prophecy Resource Corp. ("Prophecy") announced today that it has entered into a Mine Services Agreement with Leighton Asia Limited for the infrastructure establishment, equipment leasing, and mining operation at the Ulaan Ovoo coal deposit in northern Mongolia.
Ulaan Ovoo site establishment will commence in July 2010 to ensure that the commissioning of the 250,000 tonnes starter pit will take place as planned as of August 2010 with 57,500 tonnes in the first month ramping up to 100,000 tonnes per month by December 2010. The initial equipment suite will comprise one Caterpillar 385 excavator (85 tonne bucket capacity) and three Caterpillar 773D (50 tonne) dump trucks.
Prophecy expects to incur total cash payments to Leighton of $3.8 million for this contract in 2010. Prophecy currently has over $7.5 million in cash.
...
Prophecy is also pleased to have extinguished the 2% Net Smelter Return (NSR) held by Dunview Services Limited, a private British Virgin Islands company. Prophecy paid Dunview US$130,000 in cash and 2,000,000 Prophecy shares, subject to a 4 months hold expiring on August 31, 2010.
...
Ulaan Ovoo Mining License
...
About Ulaan Ovoo
...
http://www.marketwire.com/
SouthGobi Resources Announces Results of Annual and Special Meeting of Shareholders
SouthGobi Shareholders Approve Name Change to SouthGobi Resources Limited
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2010) - SouthGobi Resources Ltd. announced today the results of the Annual and Special Meeting of shareholders held in Vancouver, Canada on May 11, 2010.
Shareholders voted in favour of all resolutions at the meeting as set out in the Company's Information Circular dated April 6, 2010, namely:
- Re-election of Peter Meredith, Alexander Molyneux, Pierre Lebel, John Macken, Andre Deepwell, R. Edward Flood, Robert Hanson and R. Stuart Angus as directors of the Company.
- Election of W. Gordon Lancaster as a new director of the Company.
- Appointment of Deloitte & Touche as auditors of the Company.
- Fixing the number of directors for the ensuing year at 9.
- The adoption of a new Employees' and Directors Equity Incentive Plan to replace the existing Amended and Restated Equity Incentive Plan of the Company.
...
Shareholders also approved a special resolution to change the name of the Company from SouthGobi Energy Resources Limited to SouthGobi Resources Limited.
...
http://www.marketwire.com/
First Mineral Reserves for Entrée's Hugo North Extension Included in Initial Underground Mining at Oyu Tolgoi, Mongolia
VANCOUVER, May 11 /PRNewswire-FirstCall/ - Entrée Gold Inc. is pleased to report the first ore reserves defined under NI 43-101 criteria on the Hugo North Extension deposit in Mongolia.
... IDP10 declares the first underground mineral reserves for the Hugo North deposit, including Entrée's Hugo North Extension deposit. The Probable Reserve for Hugo North Extension totals 27 million tonnes grading 1.85% copper and 0.72 g/t gold. Entrée holds a 20% carried interest to production in this reserve through a joint venture with Oyu Tolgoi LLC, a subsidiary of Ivanhoe Mines.
...
Greg Crowe, Entrée's president and CEO commented, "The release of IDP10 is a crucial milestone in the history of Entrée. It confirms the near-term production and long-term importance of the Entrée-Ivanhoe Mines joint venture deposits to the overall development of the Oyu Tolgoi porphyry system. Few junior resource companies have the
opportunity to participate in the development of a mine complex the size and caliber of Oyu Tolgoi."
...
Entrée has contracted AMEC Minproc to prepare a separate NI 43-101 compliant technical report for Entrée that incorporates the relevant portions of IDP10 covering the Company's Hugo North Extension and Heruga deposits. AMEC Minproc also prepared the IDP10 for Ivanhoe Mines. Ernst & Young was retained to advise on the development of a Real Option economic analysis of the LOM Sensitivity Case. Entrée's technical report will be filed on www.sedar.com within 45 days.
...
http://finance.yahoo.com/news/First-Mineral-Reserves-for-prnews-743093395.html?x=0&.v=6
Petro Matad Drilling At Davsan Tolgoi To Restart Shortly After Winter Shutdown
May 11 - Mongolia-focused oil explorer Petro Matad Limited (AIM: MATD) announced that the 2009/2010 three-hole drilling programme on the Davsan Tolgoi prospect on the company's Block XX is due to restart shortly following the winter shutdown.
...
Petro Matad's drilling contractor, Ansai Yuehua Oil Tech Company Ltd, is finalising visa and work permit procedures for its Chinese drilling personnel, who are expected to arrive on site this week.
...
The company has also hired an experienced drilling supervisory team, led by drilling superintendent Richard Cole, and supplemented by international and Mongolian drilling professionals.
The post-winter procedure is following a similar timetable to the company's Petro China (Daqing) drilling operations on Block XIX, immediately north of the company's Block XX, said the company.
...
PAM (Petroleum Authority of Mongolia) announced in-situ reserves of approximately 900 million barrels of oil and 2.5 million cubic metres of gas. Petro Matad said it very cautiously welcomed this news and the possible positive aspects for its exploration of Block XX.
...
Petro Matad's new exploration team is planning the 2010 field exploration programme for Blocks IV and V. Mongolian geophysical contractor, Geosan LLC, has started the programme with a 4,000 point infill gravity survey.
...
http://www.proactiveinvestors.co.uk/companies/news/16469/petro-matad-drilling-at-davsan-tolgoi-to-restart-shortly-after-winter-shutdown-16469.html
Rodman & Renshaw and Mineral Resources Authority of Mongolia (MRAM) Partner to Aid the Development of Mongolia's Mining Sector
NEW YORK, May 10, 2010 (BUSINESS WIRE) -- Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (RODM 3.38, -0.13, -3.70%) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the Mineral Resources Authority of Mongolia (MRAM) for the creation of a partnership to aid the development of Mongolia's mining sector. Rodman and MRAM will cooperate in efforts aimed at improving Mongolian mining companies' understanding of issues pertaining to mining financing and their access to outside capital sources. The parties will also work to facilitate efficient and transparent flows of information and knowledge in the country's overall mineral sector.
Under the terms of the MOU, MRAM and Rodman plan to jointly organize their inaugural event in June of 2010 in Ulaanbaatar, Mongolia. The investment seminar will gather an audience of over 300 mining companies. Several additional events and activities are expected to take place this year within the framework of the partnership.
...
About Rodman & Renshaw Capital Group, Inc.
Rodman & Renshaw Capital Group, Inc. (RODM 3.38, -0.13, -3.70%) is a holding company with a number of direct and indirect subsidiaries, including Rodman & Renshaw, LLC.
Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has
been ranked the #1 Placement Agent in terms of deal volume of PIPE and RD financing transactions completed every year since 2005
...
http://www.marketwatch.com/story/rodman-renshaw-and-mineral-resources-authority-of-mongolia-mram-partner-to-aid-the-development-of-mongolias-mining-sector-2010-05-10?reflink=MW_news_stmp
Rio’s War Chest Swells, May See Albanese Revive M&A
May 12 (Bloomberg) -- Rio Tinto Group spent 2008 trying to sell assets as it strained to cut ballooning debt. Chief Executive Officer Tom Albanese now has the opposite challenge -- to decide how to spend his swelling pile of cash.
Rio, the world’s third-largest mining company, will have $24.5 billion cash next year, according to the median of nine analyst estimates compiled by Bloomberg News. That compares with $42 billion debt the London and Sydney-traded company had after the 2007 takeover of aluminum maker Alcan Inc.
... Albanese ... won’t be discouraged by Australia’s planned tax on mining company profits, according to JPMorgan Chase & Co.
...
Newcrest Mining Ltd., Australia’s biggest gold producer which gets about a quarter of its sales from copper, and Fortescue Metals Group Ltd. are two possible targets, JPMorgan analysts including David George said in an April 19 report. Rio would need to move before Newcrest’s takeover of Lihir Gold Ltd. is voted on by shareholders in late July, the bank said.
...
Rio, the world’s second-largest iron ore exporter, may more than double profit to $12.7 billion in 2010, according to the average estimate of 16 analysts compiled by Bloomberg, boosted by surging prices for the material. Rio plans to spend at least $5 billion this year on projects, Albanese said in March.
...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF.6TP.K8feg
Asian Stocks Rise on Toyota Profit Forecast, Record Gold Price
May 12 (Bloomberg) -- Asian stocks rose, led by carmakers and gold producers, after Toyota Motor Corp. and Isuzu Motors Ltd. forecast higher earnings and bullion advanced to a record.
http://finance.yahoo.com/news/
Petro Matad Drilling At Davsan Tolgoi To Restart Shortly After Winter Shutdown
May 11 - Mongolia-focused oil explorer Petro Matad Limited (AIM: MATD) announced that the 2009/2010 three-hole drilling programme on the Davsan Tolgoi prospect on the company's Block XX is due to restart shortly following the winter shutdown.
...
Petro Matad's drilling contractor, Ansai Yuehua Oil Tech Company Ltd, is finalising visa and work permit procedures for its Chinese drilling personnel, who are expected to arrive on site this week.
...
The company has also hired an experienced drilling supervisory team, led by drilling superintendent Richard Cole, and supplemented by international and Mongolian drilling professionals.
The post-winter procedure is following a similar timetable to the company's Petro China (Daqing) drilling operations on Block XIX, immediately north of the company's Block XX, said the company.
...
PAM (Petroleum Authority of Mongolia) announced in-situ reserves of approximately 900 million barrels of oil and 2.5 million cubic metres of gas. Petro Matad said it very cautiously welcomed this news and the possible positive aspects for its exploration of Block XX.
...
Petro Matad's new exploration team is planning the 2010 field exploration programme for Blocks IV and V. Mongolian geophysical contractor, Geosan LLC, has started the programme with a 4,000 point infill gravity survey.
...
http://www.proactiveinvestors.
Rodman & Renshaw and Mineral Resources Authority of Mongolia (MRAM) Partner to Aid the Development of Mongolia's Mining Sector
NEW YORK, May 10, 2010 (BUSINESS WIRE) -- Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (RODM 3.38, -0.13, -3.70%) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the Mineral Resources Authority of Mongolia (MRAM) for the creation of a partnership to aid the development of Mongolia's mining sector. Rodman and MRAM will cooperate in efforts aimed at improving Mongolian mining companies' understanding of issues pertaining to mining financing and their access to outside capital sources. The parties will also work to facilitate efficient and transparent flows of information and knowledge in the country's overall mineral sector.
Under the terms of the MOU, MRAM and Rodman plan to jointly organize their inaugural event in June of 2010 in Ulaanbaatar, Mongolia. The investment seminar will gather an audience of over 300 mining companies. Several additional events and activities are expected to take place this year within the framework of the partnership.
...
About Rodman & Renshaw Capital Group, Inc.
Rodman & Renshaw Capital Group, Inc. (RODM 3.38, -0.13, -3.70%) is a holding company with a number of direct and indirect subsidiaries, including Rodman & Renshaw, LLC.
Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has
been ranked the #1 Placement Agent in terms of deal volume of PIPE and RD financing transactions completed every year since 2005
...
http://www.marketwatch.com/
Rio’s War Chest Swells, May See Albanese Revive M&A
May 12 (Bloomberg) -- Rio Tinto Group spent 2008 trying to sell assets as it strained to cut ballooning debt. Chief Executive Officer Tom Albanese now has the opposite challenge -- to decide how to spend his swelling pile of cash.
Rio, the world’s third-largest mining company, will have $24.5 billion cash next year, according to the median of nine analyst estimates compiled by Bloomberg News. That compares with $42 billion debt the London and Sydney-traded company had after the 2007 takeover of aluminum maker Alcan Inc.
... Albanese ... won’t be discouraged by Australia’s planned tax on mining company profits, according to JPMorgan Chase & Co.
...
Newcrest Mining Ltd., Australia’s biggest gold producer which gets about a quarter of its sales from copper, and Fortescue Metals Group Ltd. are two possible targets, JPMorgan analysts including David George said in an April 19 report. Rio would need to move before Newcrest’s takeover of Lihir Gold Ltd. is voted on by shareholders in late July, the bank said.
...
Rio, the world’s second-largest iron ore exporter, may more than double profit to $12.7 billion in 2010, according to the average estimate of 16 analysts compiled by Bloomberg, boosted by surging prices for the material. Rio plans to spend at least $5 billion this year on projects, Albanese said in March.
...
http://www.bloomberg.com/apps/
Asian Stocks Rise on Toyota Profit Forecast, Record Gold Price
May 12 (Bloomberg) -- Asian stocks rose, led by carmakers and gold producers, after Toyota Motor Corp. and Isuzu Motors Ltd. forecast higher earnings and bullion advanced to a record.
... Newcrest Mining Ltd. and Lihir Gold Ltd., Australia’s top-two gold producers, led gains in Sydney. OZ Minerals Ltd. climbed 3.3 percent in Sydney after a brokerage boosted its stock rating.
...
Gold traded in Asia today near its record yesterday in New York on investor concern international financial support for indebted European states will depress currencies. Bullion for immediate delivery traded down 0.1 percent at $1,231.50 an ounce at 8:07 a.m. in Sydney after yesterday reaching a record $1,234.50. The previous high of $1,226.56 was set on Dec. 3.
Gold traded in Asia today near its record yesterday in New York on investor concern international financial support for indebted European states will depress currencies. Bullion for immediate delivery traded down 0.1 percent at $1,231.50 an ounce at 8:07 a.m. in Sydney after yesterday reaching a record $1,234.50. The previous high of $1,226.56 was set on Dec. 3.
...
http://www.bloomberg.com/apps/news?pid=20601087&sid=ab4utxEUDBow&pos=1
Canada Stocks Rise as Gold Shares Rally on World Growth Concern
May 11 (Bloomberg) -- Canadian stocks rose for a second day as gold producers gained on demand for the precious metal after China reported its highest inflation in 18 months and optimism over the European bailout plan waned.
...
Ivanhoe Mines Ltd., which is developing a copper and gold mine in Mongolia with Rio Tinto Group, slumped 6.4 percent to C$15.49 after providing an update on the project. The company’s copper-production forecast for the life of the mine was 34 percent lower than the estimate of Bank of Montreal analyst John Hayes.
...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aV2qGPG3lAMM
Romania - Event on 60 years of diplomatic relations between Romania and Mongolia
May 10 --
http://www.isria.com/pages/10_May_2010_129.php
China consumer price rise picks up pace
May 11 (FT) Chinese inflation and housing prices continued to accelerate last month, underlining the difficult judgments the Chinese authorities face as they try to engineer a modest cooling in economic activity.
Consumer price inflation increased to 2.8 per cent in April from 2.4 per cent the month before, its highest level in 18 months although still below the government’s target of 3 per cent. Factory gate inflation jumped to 6.8 per cent from 5.9 per cent.
Adding to the fears of overheating, house prices increased by 12.8 per cent in April from a year earlier, the fastest rate of increase since records began five years ago, although sales volumes in many cities have already slowed dramatically in recent weeks as a result of government policies aimed at discouraging property speculation.
...
“Virtually everything is on the rise in China, from wages to grain and vegetables and we expect inflation above 5 per cent by the end of the year,” said Dong Tao at Credit Suisse.
...
Liu Ligang at ANZ in Hong Kong said the April figures “vindicated our views that China’s economy has already overheated.”
...
http://www.ft.com/cms/s/0/d9b0a424-5cb0-11df-bb38-00144feab49a.html
Democratic Party favors cuts in infrastructure to pay for child allowance
May 12 (news.mn) The Democratic Party group of Parliament on Monday decided to press for reinstatement of the child allowance as it discussed the revised budget for 2010. It set up a working group to suggest ways of how this could be done.
...
... He (Ch. Saikhanbileg) also wanted to raise the allowance to MNT 20,000, if the financial situation permitted.
http://english.news.mn/content/11222.shtml
Domestic private sector presents proposal on Tavantolgoi to PM
May 12 (news.mn) Prime Minister S.Batbold has assured Mongolian companies that the Government would encourage their participation in the Tavantolgoi project. Over 1,550 companies have come together to form Mongolia 999+” and yesterday the Mongolian National Chamber of Commerce and Industry (MNCCI) presented him their business plan to work on the project. Receiving the proposal, Batbold said the entire issue of participation of national companies will be discussed at the National Security Council and the final decision will be taken by Parliament. “We are striving to promote the interests of not just a few companies but of all our 2.7 miilion people,” he told the MNCCI
team.
http://www.bloomberg.com/apps/
Canada Stocks Rise as Gold Shares Rally on World Growth Concern
May 11 (Bloomberg) -- Canadian stocks rose for a second day as gold producers gained on demand for the precious metal after China reported its highest inflation in 18 months and optimism over the European bailout plan waned.
...
Ivanhoe Mines Ltd., which is developing a copper and gold mine in Mongolia with Rio Tinto Group, slumped 6.4 percent to C$15.49 after providing an update on the project. The company’s copper-production forecast for the life of the mine was 34 percent lower than the estimate of Bank of Montreal analyst John Hayes.
...
http://www.bloomberg.com/apps/
Romania - Event on 60 years of diplomatic relations between Romania and Mongolia
May 10 --
http://www.isria.com/pages/10_
China consumer price rise picks up pace
May 11 (FT) Chinese inflation and housing prices continued to accelerate last month, underlining the difficult judgments the Chinese authorities face as they try to engineer a modest cooling in economic activity.
Consumer price inflation increased to 2.8 per cent in April from 2.4 per cent the month before, its highest level in 18 months although still below the government’s target of 3 per cent. Factory gate inflation jumped to 6.8 per cent from 5.9 per cent.
Adding to the fears of overheating, house prices increased by 12.8 per cent in April from a year earlier, the fastest rate of increase since records began five years ago, although sales volumes in many cities have already slowed dramatically in recent weeks as a result of government policies aimed at discouraging property speculation.
...
“Virtually everything is on the rise in China, from wages to grain and vegetables and we expect inflation above 5 per cent by the end of the year,” said Dong Tao at Credit Suisse.
...
Liu Ligang at ANZ in Hong Kong said the April figures “vindicated our views that China’s economy has already overheated.”
...
http://www.ft.com/cms/s/0/
Democratic Party favors cuts in infrastructure to pay for child allowance
May 12 (news.mn) The Democratic Party group of Parliament on Monday decided to press for reinstatement of the child allowance as it discussed the revised budget for 2010. It set up a working group to suggest ways of how this could be done.
...
... He (Ch. Saikhanbileg) also wanted to raise the allowance to MNT 20,000, if the financial situation permitted.
http://english.news.mn/
Domestic private sector presents proposal on Tavantolgoi to PM
May 12 (news.mn) Prime Minister S.Batbold has assured Mongolian companies that the Government would encourage their participation in the Tavantolgoi project. Over 1,550 companies have come together to form Mongolia 999+” and yesterday the Mongolian National Chamber of Commerce and Industry (MNCCI) presented him their business plan to work on the project. Receiving the proposal, Batbold said the entire issue of participation of national companies will be discussed at the National Security Council and the final decision will be taken by Parliament. “We are striving to promote the interests of not just a few companies but of all our 2.7 miilion people,” he told the MNCCI
team.
The present proposal divides Tavantolgoi into six sections and every section will have both Mongolian and foreign companies. The national business entrepreneurs who jointly developed the plan with the MNCCI include MCS Holdings, Oyunii Undraa Group, Nomin Holding Group, Naran Trade Group, Sergen Mandalt Group, Erel Group, Bridge Group, Monos Group, CFC Group, Sodmongol Group, Mongol Daatgal, Vitafit, Gan Khiits, Itgelt Audit, Material Impex, Eermel, Golomt Bank, Xas Bank, Khan Bank, and MAK Corporation. It also includes NGOs such as the
Mongolian Association of Mining-Enrichers and Coal Association.
http://english.news.mn/
MONGOLIA JOINS IWTO
May 11 - Ulaanbaatar, Mongolia, /MONTSAME/ Mongolia has officially joined the International Wool Textile Organization (IWTO) in accordance with a decision made at the 79th IWTO Congress which was held May 3-5 in Paris, France.
Thanks to gaining a membership status in this organization, Mongolia gets an opportunity to export its wool and cashmere products to the international market pursuant to quality standards of the IWTO. In addition to it, Mongolia has an opportunity now to export the products to 27 European countries on easy terms.
...
http://www.montsame.mn/index.
Energy Resources offers 30 scholarships, 10 training places to MUST students
May 12 (news.mn) --
http://english.news.mn/
Mining Association Appeals to Government
May 11 (UB Post) Mongolian National Mining Association appealed the government and parliament last week to support local businesses “as priority” in the selection process of strategic investor of the Tavan Tolgoi coal mine. ...
http://ubpost.mongolnews.mn/
Culture & Sports & ...
Mongolian Death Worm is Best Syfy TV-Movie of the Year!
May 8 (TV.com) --
http://www.tv.com/television-
No comments:
Post a Comment