Wednesday, December 29, 2010

[cpsinewswire] [CPSI NewsWire, Wednesday, December 29, 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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Close: Mongolia Related ASX Listed Companies, December 29, 2010  




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Mongolia demands upfront payment for Tavan Tolgoi-paper

HONG KONG Dec 28 (Reuters) - Miners bidding for Mongolia's Tavan Tolgoi, which could become one of the world's largest coal mines, have to submit a proposal for upfront payment to win the deal, the South China Morning Post reported on Tuesday.

Miners including China Shenhua Energy Co Ltd (1088.HK) (601088.SS), Peabody Energy Corp (BTU.N), Japan's Mitsui Anglo-America, Brazil's Vale SA (VALE.N) (6210.HK) and Rio Tinto Plc (RIO.L)(RIO.AX) have expressed interest in the project.

Ch.Baatbayer, a senior official at Erdenes MGL, the government entity that owns Tavan Tolgoi's estimated 5.1 billion tonnes of coal deposits, confirmed that the upfront payment was a factor in winning bidding, the report said.

Bids for the contract are due on Jan. 17. 

Link to article



Manas Petroleum raises $1.12 million in equity funding

Mogi: MNAP, through its 100% subsidiary DWM Petroleum, holds rights to oil BLOCK 13 and 14 in Dornogovi, Mongolia. Link to MNAP’s Mongolia Projects

Dec 21, 2010 (Datamonitor Financial Deals Tracker via COMTEX) --

Manas Petroleum Corp. (OTC:MNAP), a Switzerland-based oil exploration company, has raised $1.12 million in a private offering of equity.

Deal Value (US$ Million) 1.12

Deal Type                     Private Placement

Sub-Category                None

Deal Status                   Completed: 2010-12-20

Deal Participants

Target (Company)         Manas Petroleum Corp

Acquirer (Company)      Undisclosed Investors*

Link to article



SRK Opens Mongolia Office

December 9 (SRK) SRK Consulting expects staff numbers in its new office in Ulaanbaatar, Mongolia, to increase significantly next year as exploration and development activity in the country's nascent mining sector accelerates.

Having built a successful presence in China, and serviced the Mongolia market from that base, SRK is now on a recruitment drive to expand its Ulaanbaatar team. The company will look to recruit local geologists, mining engineers and interpreters. The new office will be officially opened in December.

SRK currently has active exploration management projects in Mongolia; and as well as being a logistics centre for existing projects, the Ulaanbaatar office will provide exploration QA/QC services and translation services.

According to SRK China managing director Yonglian Sun, Mongolia is "the next frontier" for mining development. The country's rich mineral deposits are being recognized and it has the potential to become one of world's biggest copper, coal and gold producers.

"SRK has been active in Mongolia since 2002 when it commenced work on the Ivanhoe mine," Sun said. "At the moment, SRK is running three QA/QC exploration management projects in Mongolia. In addition, SRK has been regularly working in Mongolia on geology review, mine design as well as full due diligence studies for acquisition, merger and listing on the Hong Kong stock exchange.

The Ulaanbaatar office manager is Ms Erdene-Otgon (Oogii) Dalai. Oogii has an MBA from the Maastricht School of Management in the Netherlands and a Bachelor's Degree from the Mongolian State University. She is multilingual, speaking Mongolian, Russian, English and Chinese. Oogii has strong industry contacts within the local government and will be able to assist in facilitating the execution of projects in Mongolia.

Link to press release



Why Mongolia and Sri Lanka are top of the stock markets

One exchange is the world's smallest, the other is in a country recovering from war, but they're both thriving

December 28 (The Independent) If you had invested in a tracker fund at the start of the year, which of the world's stock markets would have done the most for your pound? China, or somewhere nearby? How about one of the resource-rich economies of Latin America, growing fat on the commodities boom? The answer is none of the above (and you would have lost money in China, where the rather overheated stock market went into a sharp reverse). No, the winner of this year's stock-market crown is the Mongolian Stock Exchange in Ulan Bator, although resources are largely the reason for its victory. Opened in 1991, the world's smallest stock exchange by market capitalisation has gained a stunning 187 per cent so far this year (in sterling terms), and a still impressive 136 per cent when measured in the local currency, the tugrik.

However, actually investing a pound there is something of a challenge. According to data from Bloomberg, this year's best-performing stock market, to which you could more easily gain some exposure, has been that of Sri Lanka. Had you invested a pound in the Colombo market at the start of the year, your money would have turned into £2.07 at the close of last week. Investors in the local currency, the Sri Lankan rupee, saw their money increase by 92.3 per cent.

Link to article



Colorado State University Team Receives $1.5 Million NSF Grant to Study Climate Change Impacts on Mongolian Pastoralists

December 28 ( - FORT COLLINS - A team of researchers from Colorado State University’s Warner College of Natural Resources has been awarded a $1.5 million National Science Foundation grant to study the impact of climate change on rangeland-based ecosystems and livelihoods of pastoralists in Mongolia.

The project focuses on the way Mongolian pastoral systems are impacted by climate change and how the development of local resource management institutions can aid communities in adapting to climate change.

The research team will use ecological and social science data collection and analysis methods – ranging from remote sensing to ethnographic interviews – to investigate how community-based rangeland management organizations function and whether they improve a community’s resilience to climate change impacts.

“Our hope is that the results of this study will have direct implications for environmental policy in Mongolia,” said Jessica Thompson, co-principal investigator on the project and assistant professor in CSU’s Department of Human Dimensions of Natural Resources. “Specifically, we plan to have a direct impact on stakeholders, including herders and policy-makers, through their engagement in participatory modeling and scenario planning workshops.”

Link to article



The UB POST names the 2010 Top Events in Mongolia

December 28 (UB Post) --

1.    Big Construction Works Launched

2.    Mongolia – the Land of Minerals

3.    MPRP Changes Name

4.    Top National Security Official Detained in UK

5.    Outbreak of Foot and Mouth Disease

6.    The 2010 Population and Housing Census 

7.    Asashoryu Retirement from Professional Sumo

8.    23 World Champions This Year

9.    Hollywood Action Star Jackie Chan Charity Trip

10.  UNESCO Inscription of Two Mongolian Heritages

Link to article



Nomad Green: Mongolia On The Brink Of Eco-Catastrophe

December 28 (Rising Voices) Mongolia is a land locked country with long and freezing winters and hot and drought prone summers. The Environmental problems it faces include desertification, deforestation due to overgrazing, inadequate water supply, air and water pollution. The citizen journalists of Nomad Green are trying to raise awareness about the environmental degradation in their country targeting the Mongolian citizens and the global readers.

Hoh.Mongol writes about the silent environmental migration happening in the Gobi deserts of Mongolia:

Bor interviews Gombojav Jamba, the former vice Chief of Great Khural of Mongolia and the head of NGO “Bogdkhan mountain’s natural complex”, who says that reforestation and gardening is the way to decrease poverty in Mongolia.

Link to article




China likely to set up rare earth trade body

December 29 (China Daily) China is considering establishing an industry association and a government unit for the rare earths industry to gain more control over the precious metals, senior officials said Tuesday.

The rare earths industry association is likely to be launched in May and will assist companies in exports and international cooperation, Wang Caifeng, a former official of the Ministry of Industry and Information Technology (MIIT), who is setting up the group, said at a forum.

"We will be on the frontlines leading price talks with foreign buyers. Our role will be similar to that of the China Iron and Steel Association (CISA)," she said.

China on Tuesday issued the first round of 2011 export quotas for rare earths, 14,446 tons, 11 percent less than the first round last year, according to a statement on the Ministry of Commerce website.

On claims made by United States on China's alleged restrictions on exports of rare earths, experts said China's policy has never violated the rules and regulations under the framework of the World Trade Organization.

Zhang Anwen, deputy secretary-general of the Chinese Society of Rare Earths, said: "China's measures are for the sake of protecting the environment for the sustainable development for the industry." 

Since 2006, the country has imposed temporary taxes on rare earths exports and set limits on quotas. In 2010, China reduced export quotas to 60 percent, causing alarm among importing countries such as Japan.

The Ministry of Finance said on its website last week that China will raise the export taxes for some rare earth minerals to 25 percent in 2011.

The country is speeding up the pace of mergers and acquisitions in the rare earths sector and is encouraging consolidation among State-owned enterprises. China plans to cut the number of rare earths companies from the current 90 to 20 by 2015.

Link to article

Related articles:

China cuts rare earth export quotas, US concernedReuters, December 29



<Mogi & Friends Fund A/C>

100% Milestone, closes up at 94.70%

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.

2 rose, 1 slightly down. The fund reached a milestone today with topping 100% briefly.




·         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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