Tuesday, February 22, 2011

[cpsinewswire] [CPSI NewsWire, February 22, 2011]

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, February 22, 2010



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Mongolia to build railway link to Russian port

BEIJING Feb 22 (Reuters) - Land-locked Mongolia will build a 1,000 km (620 mile) railway to enable it to export its vast but largely untapped mineral wealth via a Russian port, China's Xinhua news agency reported late on Monday, citing local media.

Construction of the rail link will begin in the first half of this year and take 2-3 years, at a cost of $2-2.5 billion.

It will connect Dalanzadgad in the southern province of Omnogobi with Choibalsan in Dornod province in the east.

Analysts say Mongolia's government plans to build the Russian route because it is worried about overdependence on China, its southern neighbour and a huge market for Mongolia's resources. But Mongolia's plan to diversify its exports will also incur significant costs that will cut into its export earnings.

The southern Gobi desert, close to the Chinese border, is home to what many regard as the world's biggest untapped copper deposit at Oyu Tolgoi and the biggest coking coal mine at Tavan Tolgoi -- capable of producing 50 million tonnes per year.

China offers a guaranteed market for both.

Three quarters of Mongolia's exports went to China in 2009, with millions of tonnes of coal heading south through an already overwhelmed rail link, and foreign investors say their future could depend on easing the bottleneck. [ID:nTOE68607M]

The link will be built by the state-owned Mongolian Railway company, the Xinhua report said.

Link to article

Link to Xinhua source article

Link to Xinhua’s local media source article, report in yesterday’s CPSI NewsWire


Government to fix royalty rates every month

February 18 ( The Government has decided that the royalty for mineral resources to be paid by owners of special licenses will henceforth be determined on the basis of the monthly price announced at the website of the Ministry of Mineral Resources and Energy. 

Link to article


Minister asked to draft amendments to law on oil products

February 18 ( Mineral Resources and Energy Minister D. Zorigt has been instructed by the Government to draft amendments to the law on oil products, and to prepare a new state policy for the oil sector, to be in force until 2015. He has been given until the end of the 1st quarter of 2011 to submit the drafts.   

On matters more specific, the Minister, together with the head of the Petroleum Authority, D.Amarsaikhan,  have been told to seek the help of the Professional Council for Mineral Resources to prepare product sharing contracts to be signed with Petro China Dachin Tamsag LLC, and Donshen Oil Mongolia LLC and to grant them exploration licenses in accordance with the related laws within the 2nd quarter of 2011. 

Link to article


Coal Mongolia Conference, February 24-25

( The Coal Mongolia Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanza in Mongolia is gathering pace as news of mine developments and rail projects are announced on a growing basis yet so much is still unknown about the huge potential of Mongolian coals, the diversity of qualities, size of deposits, accessibility and what is required to bring the coals to market.

By the end of November 2010, the coal sector of Mongolia made very lucrative success first time in its history, the amount of extracted coal reached 20 million tons and 14 million tons have been sold to the foreign market and surpassing its copper export capacity. Due to the coal sector growth, thousands of new jobs are created and development booms are guiding Mongolia to the new path of prosperity.

The final figure for 2015 is forecasted to more than to 40 million tons. Can such dramatic growth be maintained? Waiting for an answer to this question are the buyers in Russia, China and the rest of Asia. China may look the most logical importer for Mongolian coals with distances between the mines and the end-users significantly shorter than they are for Russia’s industrial buyers, but great efforts are being made to open up links to Russian as well as to Chinese eastern sea ports, and on to other Asian countries.

Link to Coal Mongolia website


Austrade launches the ‘Mongolian Mining Projects Report 2011’ at the Mongolia Australia Business Forum

February 21 (News4us) Austrade’s Mongolian Mining Projects Report 2011 was launched today in Sydney at the Mongolia Australia Business Forum.

The report is a useful compendium for companies wanting to understand new mining opportunities in Mongolia, its system of mining regulations and the resources market of North Asia.

Australia’s Trade Minister, Craig Emerson, has welcomed a new Austrade report today that outlines promising investment opportunities for Australian mining companies in Mongolia.

Austrade’s Mongolian Mining Projects Report 2011 was launched today at the Mongolia Australia Business Forum in Sydney, in the presence of Mongolia’s visiting Prime Minister, His Excellency Mr Sukhbaatar Batbold, and an accompanying business delegation.

Australia and Mongolia are natural partners in minerals development and there are real opportunities in Mongolia for Australian mining companies,” Dr Emerson said.

“This report is a useful resource for Australian mining companies wanting to understand more about Mongolia’s mineral resources, its system of mining regulation and the broader market for resources in North Asia, including rare earths.”

Mongolia’s mining sector has some of the world’s richest deposits of gold and copper, uranium, coal, fluorspar and rare earths such as tantalum, niobium, yttrium and zircon.

Mining accounts for the majority of Mongolia’s exports and its industry has benefited in recent years from increased foreign investment and the application of foreign technical expertise to new mines.

Australia’s long-standing expertise in mining and mining services continues to offer Mongolia the opportunity to use the best technologies in the world to manage their mining operations,” Dr Emerson said.

The fact that many Mongolians are now being educated in Australia under our scholarship programs and then returning to leading roles in Mongolian business and government is also creating closer and friendlier ties, and the Australian Government welcomes that development.”

The Mongolian Mining Projects Report 2011 can be viewed by clicking here.

Link to article

Link to Austrade media release


Behre Dolbear Mongolia Opens Office

February 21 (Behre Dolbear) Behre Dolbear Hong Kong LLC is pleased to announce that it has signed a joint venture agreement with Mine Info LLC to open an office in Ulaanbaatar, Mongolia. The agreement will allow Behre Dolbear to offer its entire suite of services to clients operating in Mongolia and/or thinking of investing there. In addition, the joint venture brings additional Mongolian- and Russian-speaking professionals to its business.

Link to Behre Dolbear Newsletter Issue 346 – Page 5


Gemcom Announces Office Opening in Mongolia to Support Industry Expansion in Mining and Exploration

PERTH, AUSTRALIA and ULAANBAATAR, MONGOLIA, Feb 21, 2011 (Marketwire via COMTEX) -- Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that it will open an office in Ulaanbaatar, Mongolia on February 23, 2011. Gemcom's software, including Surpac, GEMS, Minex, Whittle, InSite and MineSched, are already widely used by exploration and mining operations throughout the country.

"Gemcom's software has been playing a key role in the Mongolian mining industry since 1995 when Minex was purchased by Baganuur Joint Stock Company," said Andrew Pyne, senior vice president, Gemcom AustralAsia. "Since then, we have established long-standing professional relationships with the Mongolian Government and many key mining entities such as Erdenes MGL and Centerra's Boroo Gold mine. The office gives us the opportunity to work even closer with our clients to help explore the full commercial potential of their operations."

Link to article


ANU, Mongolia agree to share knowledge

Mongolian prime minister Sukhbaatar Batbold has signed an agreement with the Australian National University (ANU) in a bid to enhance education in his home country.

February 22 (ABC News) During his first visit to Australia, Mr Batbold has signed a memorandum of understanding with ANU vice-chancellor Ian Chubb.

The agreement will allow the ANU to have access to resources at the Mongolian National University and increase its research capacity in the fields of archaeology, anthropology, and traditional Mongolian culture.

The ANU already has a bilateral agreement with Indiana University (IU) in which the ANU teaches American students Indonesian, and in return IU teaches Australian students Mongolian.

The latest agreement will add Mongolia to this international knowledge exchange.

ANU Professor of Asian Studies and Law Kent Anderson says it is an important agreement as Mongolia is developing an enormous resource sector.

"Where our two largest trading partners China and Japan are and sitting between that is Mongolia. Also our fifth largest trading partner Korea, right there all together. So to understand that relationship you need the Mongolia part of the equation," he said.

Link to article


UN Asks Mongolia More Job in Cote d’Ivoire

February 22 (UB Post) The United Nations sends a request to Mongolia to involve it in its peacekeeping mission in Cote d’Ivoire

As result of recent presidential election in the Ivory Coast, the African country has now two presidents and two governments and is in armed conflict between opposing parties.

Due the current situation in Ivory Coast, the United Nations decided to increase the number of its blue helmets to serve in this country by two thousand and requested Mongolia to send a 850-men battalion to the African country.

In addition, Mongolia was asked to participate in guarding the UN staff in Iraq. The National Security Council of Mongolia is expected to meet soon to pass a decision on UN request.

Moreover, a source said Mongolia considers expanding its mission to Sudan from medical to military. 

On February 17, Mongolian Guard Force that maintained security at the Special Court of Sierra Leone formally handed over responsibility for the Court’s security to the country’s Leone Police.

Mongolian blue helmets, working in cooperation with Special Court’s Security Section and the Sierra Leone Police, have maintained security at the Special Court since its inception in 2002.

In addition to securing the Court’s premises in Freetown, they have provided security during the movement of detainees and prisoners within and outside of Sierra Leone.

The Mongolian peacekeepers, who serve as part of the United Nations Mission in Liberia (UNMIL), took over the Special Court’s security from Nigerian peacekeepers in January 2006. Since then, a total of 2,300 Mongolian peacekeepers have served at the Court.

At a colourful ceremony in front of the Special Court’s courthouse, a Mongolian peacekeeper handed over the court flag to a member of Special Court Security who handed it to a Special Court Police officer.

At present, there are over 400 Mongolian soldiers and troops deployed to UN-mandate and other international operations.

Link to article


<Mogi & Friends Fund A/C>


Mogi & Friends Fund is a tiny fund of A$20.8K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.

Stocks took a beating today, as all indexes across Asia and Europe dropped today on concern that surging oil prices, caused by the unrest in the Middle East and North Africa, is threatening the global recovery. North American markets were closed yesterday for a holiday.




·         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.

·         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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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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