Monday, December 27, 2010

[cpsinewswire] [CPSI NewsWire, Monday, December 27, 2010]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.

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ASX is on Holiday on Monday-Tuesday, December 27-28, 2010

Close: Mongolia Related ASX Listed Companies, December 24, 2010  




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Japanese Cos To Bid For Mongolia Tavan Tolgoi Mine Development (Tender on Jan 17)

TOKYO, Dec 27, 2010 (Dow Jones Commodities News via Comtex) --

A consortium of four Japanese trading houses plans to bid for partial development of Mongolia's coal deposits of more than 6 billion metric tons, spokesmen of three of the four companies said Monday.

The consortium of Itochu Corp. (8001.TO), Sumitomo Corp. (8053.TO), Sojitz Corp. (2768.TO) and Marubeni Corp. (8002.TO) plans to bid during a tender by the Mongolian government scheduled for Jan. 17 on developing part of the Tavan Tolgoi mine in the southeast, said the spokesmen of Itochu, Sumitomo Corp. and Sojitz. Marubeni wasn't immediately available for comment.

Coal prices have soared in recent three years tracking greater consumption by China.

The four Japanese trading firms are also considering inviting South Korean and Russian companies to bid together, but the matter hasn't been decided, the spokesmen said.

The Tavan Tolgoi mine is expected to produce coking coal. If the Japanese consortium wins the tender, Sumitomo Corp. and Sojitz would supply a major part of the mine's coal to Japanese steel makers, the spokesman said.

The Itochu spokesman said the company views China as a major marketing target for the coal since China is geographically closer to the mine.

Meanwhile, Japanese media have reported that Mitsui & Co. (8031.TO) and Chinese coal miner Shenhua Group Corp. are discussing a joint bid with U.S. coal giant Peabody Energy Corp. (BTU) for the same tender. Mitsui's spokesman wasn't immediately available for comment.

Link to article



Japan, S Korea, Russia eye Mongolia coal mine - Nikkei

Dec 25 (Reuters) - Itochu Corp (8001.T), Sumitomo Corp (8053.T) and two Japanese trading firms will jointly bid for rights to a large Mongolian coal mine, along with a South Korean consortium and a state-owned Russian company, the Nikkei business daily said.

The Tavan Tolgoi mine in southeast Mongolia is said to host untapped deposits of more than 6 billion tons -- over 30 times Japan's annual coal imports -- the paper said.

Trading houses Marubeni Corp (8002.T) and Sojitz Corp (2768.T), together with Russia's state-owned railway company and a South Korean consortium led by Korea Resources Corp, have agreed to jointly bid in an auction to be held by the Mongolian government in mid-January, the daily said.

The partners plan to transport the mined coal by rail to the east Russian coast, the newspaper added.

Meanwhile, Mitsui & Co (8031.T) and Chinese partner Shenhua Group Corp (601088.SS) (1088.HK) are also discussing a joint bid with U.S. coal giant Peabody Energy (BTU.N), making it the second and only other group, to participate in the bidding, down from the initial five, the Nikkei said. 

Link to article



Nippon Steel ‘Interested’ in Mongolian, Russian Coal 

Dec. 24 (Bloomberg) -- Nippon Steel Corp., Japan’s biggest mill, is interested in investing in coal projects in Mongolia and Russia to secure raw material supplies, an executive said.

“There is plenty of high-quality coal at Elga and Tavan Tolgoi” deposits, said Shinichi Taniguchi, executive vice president of the Tokyo-based company. “We’re interested” in taking stakes or helping develop the regions, he said.

Nippon Steel wants to see the projects in Mongolia and Russia developed “as soon as possible” to ease tightening global supply and help push down prices, Taniguchi said in an interview in Tokyo.

Contract coking coal prices for the first three months of 2011 were agreed at $225 a ton, Citigroup Inc. said Dec. 17. That’s 74 percent higher than the year earlier level.

Rich Deposits

China Shenhua Energy Co., the nation’s biggest coal producer, and Itochu Corp., Japan’s fourth-largest trading company, are among those interested in developing Tavan Tolgoi, which holds more than 6 billion metric tons of coal.

Sumitomo Corp., Japan’s third-largest trading company, expressed interest in helping develop the Elga field. OAO Mechel, Russia’s biggest producer of coal for steelmaking, sold 20 billion rubles ($654 million) of bonds this year to refinance its debt and help fund a railroad to the Elga deposit. Mechel plans to start production at Elga next year, it said this month.

Nippon Steel is seeking to obtain half of its iron ore and coal needs though its own sources, Taniguchi said, without specifying a timeframe. Nippon Steel agreed to acquire a 23 percent stake in the $600 million Revuboe coal project in Mozambique in October.

JFE Holdings Inc., Nippon’s biggest domestic rival, plans to spend as much as 200 billion yen ($2.4 billion) to invest in iron ore and coal mines in Australia and Brazil to double its self sufficiency by 2013, Eiji Hayashida, the president of the steelmaking unit said, said in a May 7 interview.

Link to article



China Imports 14.52 Million Tonnes Of Coal From Mongolia

December 27 (IndiaInfoline) China imported a total of 14.52 million tonnes of coal from Mongolia in the first eleven months this year, growing 109% year on year, as per the Administration of Inner Mongolia Coal Industry.

During the Jan-Nov period, the imports via Ceke and Ganqimaodu border crossing reached 7.56 million tonnes and 6.80 million tonnes, growing 1.33 and 1.43 times year on year, respectively, while that from Erlian border crossing dropped 63% on year to 72,100 tonnes, statistics shows.

Due to railway constraints, there was no coal imported through Manzhouli border crossing, the administration said. Latest customs data showed that China imported 13.88 million tonnes coal in Nov and 144 milliion tonnes in the first eleven months.

Link to article



Leyshon Resources AIM Readmission and Placement

December 23 (Leyshon) Leyshon Resources Limited (AIM:LRL, ASX:LRL) (Company) advises that it has today lodged the attached Admission Document with the Alternative Investment Market (AIM) of the London Stock Exchange pursuant to its readmission to trading on AIM.

The Company will be placing 30,435,130 new ordinary fully paid ordinary shares at A$0.23 to raise approximately A$7 million before costs as part of its readmission.

The shares have been placed with a number of high profile Beijing based institutional fund managers who are supportive of the Company's business plans.

As previously advised the Company is in active discussions for the acquisition of a large thermal coal project in eastern Xinjiang and in addition it is reviewing a number of thermal coal projects in Inner Mongolia. It is continuing the process of applying for exploration licences in south west Mongolia that have the potential to host coking coal.

Following the issue the Company will have cash of approximately A$54 million (including term deposit interest) and 246,525,724 ordinary fully paid shares on issue.

Link to release



Prophecy Announces Closing of $42 Million Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2010) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that it has completed its public offering of 49,475,000 Common Shares for gross proceeds of $42,053,750 (the "Offering"). The Common Shares were sold at a price of $0.85 each. The Offering contained significant participation by Mongolian investors. The net proceeds of the offering are intended to be used by the Company to fund work on its existing properties in Mongolia, repayment of an outstanding credit facility, and for working capital and general purposes.

Jacob Securities Inc. and Renaissance Capital (Hong Kong) Ltd. acted as joint lead managers for the Offering. The Offering was conducted in the provinces of British Columbia, Alberta and Ontario, Canada through Jacob Securities Inc., and Renaissance Capital (Hong Kong) Ltd. acted as special selling agents for the purpose of procuring subscribers in certain jurisdictions outside of Canada.

Link to release

Related article:

Year End Letter from Chairman of ProphecyMarketwire, December 24, 2010



Livestock number down by 27.7 percent in Mongolia

ULAN BATOR, Dec. 24, 2010 (Xinhua) -- Official statistics showed Friday the total number of livestock in Mongolia this year is 31.8 million, down 27.7 percent from 2009.

According to the annual livestock census report of Mongolia's National Statistical Office, Mongolia now has 1.8 million horses, 2.1 million heads of cattle, 265,000 camels, 14 million sheep and 13.5 million goats.

Last winter, 360,000 horses, 475,000 cattle, 11,700 camels, 5.2 million sheep and 6.1 million goats were killed by the "Zud" disaster in Mongolia.

Link to article



<Mogi & Friends Fund A/C>


Mogi & Friends Fund is a tiny fund of A$21.8K I created with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.

All 3 stocks rose on Friday. New interests have been expressed in investing in the Fund. Looks like 2011 will be kicking off with a bang.




·         I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.

·         Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.

·         CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.

·         CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.

·         Jason Peterson is a non-executive director of HAR but not involved in the day to day running of HAR.

·         CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.

·         HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.

·         Please refer to the prospectus for further disclosures.



"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

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Mobile: +976-99996779



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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.


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