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 mogi@cpsinternational.mn or +976-99996779.
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Close: Mongolia Related ASX Listed Companies, March 17, 2010 | | |||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.060 | 0.000 | 0.060 | 0.061 | 0.060 | 0.063 | 0.057 | 8,975,752 | |
1.330 | 0.050 | 1.300 | 1.330 | 1.290 | 1.335 | 1.265 | 843,831 | |
0.400 | -0.010 | 0.400 | 0.420 | 0.400 | 0.420 | 0.390 | 1,024,740 | |
0.715 | 0.025 | 0.705 | 0.715 | 0.690 | 0.720 | 0.680 | 1,699,170 | |
0.400 | 0.000 | 0.400 | 0.500 | 0.000 | 0.000 | 0.000 | 0 | |
0.020 | 0.000 | 0.020 | 0.021 | 0.019 | 0.020 | 0.018 | 1,350,000 | |
0.006 | -0.002 | 0.005 | 0.008 | 0.006 | 0.006 | 0.006 | 150,000 | |
0.185 | 0.010 | 0.185 | 0.190 | 0.170 | 0.205 | 0.165 | 369,100 | |
0.250 | -0.010 | 0.250 | 0.255 | 0.240 | 0.260 | 0.240 | 1,002,534 | |
0.480 | -0.010 | 0.480 | 0.490 | 0.470 | 0.480 | 0.460 | 342,708 | |
28.320 | -0.840 | 28.320 | 28.510 | 28.650 | 28.800 | 28.120 | 1,485,037 | |
79.200 | 0.260 | 79.200 | 79.210 | 78.000 | 79.350 | 77.520 | 5,667,887 | |
43.700 | 0.130 | 43.700 | 43.710 | 43.290 | 43.800 | 42.890 | 20,736,427 | |
Source: asx.com.au
BONDS TO BE ISSUED BY GOVERNMENT
March 17, Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet on Wednesday discussed a matter on issuing bonds and governmental guarantee, and decided to issue bonds of MNT 800 billion.
In order to create financial resources, a head of the Board of the Developmental Bank Ch. Khashchuluun has been allowed to bring shares of MNT 250 billion on the domestic market from the Developmental Bank of Mongolia (DBM) with 5-year term. In addition, shares of MNT 250 billion and MNT 300 billion will be brought on the market with ten-year and 15-year terms, respectively.
The Minister of Finance has been allowed to issue governmental guarantee for the basic and interest charges of the shares. The guaranteed financial resources will finance projects and programs reflected in the 15th resolution of parliament.
The cabinet has obliged Ch. Khashchuluun to draw up a proposal on cheapening the financial resources of the DBM's shares and on not exceeding the mortgage loan over 6 per cent per year, and to submit them to the cabinet meeting.
Related authorities have been given a recommendation to take the measure taking into account of the currency policy.
"OYU TOLGOI" AGREEMENT TO BE AMENDED
March 17, Ulaanbaatar, Mongolia, /MONTSAME/ On Wednesday, the cabinet meeting was introduced to a process of amending the investment agreement established between the government of Mongolia and the investors as “Ivanhoe Mines Mongolia Inc” LLC, the “Ivanhoe Mines Ltd” and “Rio Tinto International Holdings Ltd”.
The Minister of Mineral Resources and Energy D.Zorigt said the sides have been discussing at meetings of the Board and investors and at other talks the issues of reducing financing the “Oyu tolgoi” project (OT Project) and updating the financial methods and conditions in efficient ways for the Mongolian side. As a result, the government of Mongolia has reached an agreement with the investors.
Blina Diamonds Results of General Meeting
March 16 (Mogi) Blina Diamonds NL (ASX:BDI)
1. Ratification of Option Issue – Passed
a. 2.5M 2c options to Company Secretary and an employee
2. Approval of Future Placement of Shares – Passed
a. “The Company is seeking shareholder approval to the proposed issue of up to an additional 600,000,000 Shares so that this number is not included in the 15% calculation set out in ASX Listing Rule 7.1.”
3. Approval of Employee Incentive Option Plan – Passed
4. Change of Company Name – Passed
a. “The Directors have resolved to change the name of the Company to Blina Minerals NL.”
Change of Company Name – Blina Minerals NL, March 17
Korea Purchases 30,000 Hectares in Mongolia to Initiate Agricultural Cooperation
March 16 (Korea IT Times) The Korea Mongolia Agricultural Development Preparation Committee is made up of distinguished personnel with each member carrying a stellar resume. The head of the agricultural branch, Chang Young Chang unveiled plans to carry out eco-friendly agriculture and livestock breeding on approximately 816,880 acre land by building a Kory Plantation (Derived from the 'Koryo' Dynasty of ancient Korea).
The plot of land that will become the Kory Plantation has great agricultural potential. With stable weather, high-grade dirt, clean rivers, abundant subterranean water, this will all contribute in the long run to the development of this plantation into an overseas food base, and contribute to Mongolia's food export market. For the Korean government, embarking on this venture with the Mongolian government has meaning as well.
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The area for the Special Economic Agricultural Zone will be thirty thousand hectares located at the Khalkhgol region in Mongolia. The two parties shall cooperate mutually for the promotion of the projects: the formation of community for agriculture and livestock farming, preservation of ecosystems and forestation. Both parties shall conserve natural resources of eastern Mongolia, and shall move toward an exemplary environment friendly city of agriculture and economy, where human beings and nature coexist and prosper together and at the same time develop agriculture and livestock farming effectively.
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Mongolian-Iranian Relations Colored by Meat and Uranium
March 11 (The Jamestown Foundation) Iran has been steadily increasing its ties with Mongolia and 2010 was a year of increased Iranian overtures toward Ulaanbaatar. In another manifestation of how democratic Mongolia and Iran are looking towards substantially developing their economic ties, it was announced in early December 2010 that a new Mongolian-Iranian joint venture entitled Bayan Meat, Ltd, had signed a sheep meat export contract with Mongolia's largest meat slaughterhouse, Mahimpex of Ulaanbaatar.
Mahimpex is owned by Jenco, whose wealthy president, Khaltmaa Battulga, has been the Mongolian Minister for Road, Transport, Construction and Urban Development of Mongolia since 2008.
In January 2010 (http://sonin.mn/?p=54167, January 8, 2010) , an Iranian direct charter plane flew out 75 tonnes of Halal-slaughtered lamb from the western Mongolian city of Khovd per agreement with Baruun Mongol International in the country's west, which has been exporting fresh lamb and mutton carcasses to Iran since 2007.
The president of Mongolia's Meat Association, M Lhachinbaltai, revealed that Mongolia's target 2010 volume to Iran from the two slaughterhouses was 2,000 tons (http://news.mn, November 13, 2010). In per capita livestock ownership, Mongolia ranks first in the world, with over 35 million head of livestock, including 15.8 million sheep, the bulk of which are not exported.
During 2010, Iran had been exploring its options for Mongolian raw uranium. On October 19, Mongolian President Ts Elbegdorj received the newly accredited Iranian ambassador to China, Mehdi Safari, a former deputy foreign minister, who took up his strategic post in Beijing in the summer of 2010 as part of Iran's plan to shore up Chinese support for its controversial nuclear program (October 19, 2010, politics.news.mn/content/35058.shtml).
It may not have been a coincidence that Safari made his first appearance in Ulaanbaatar less than one week after France and Mongolia signed a cooperation agreement in the nuclear energy field, covering uranium exploration and exploitation by Areva, the French nuclear power company. Arreva, which has been expanding its presence from Kazakhstan into Asia, has been cooperating with Japan's Mitsubishi Corporation since December 2009 on uranium exploration licenses on more than 14,000 square kilometers in Mongolia's Dornogobi and Sukhbaatar provinces.
Strong interest by foreign investors in Mongolia's uranium deposits has been a feature of the past year. In June 2010, during Chinese Premier Wen Jiabao's visit to Mongolia, the director-general of the Mongolian Nuclear Energy Agency signed a MOU on Radioactive Minerals and Nuclear Power Cooperation with the General Manager of China's leading uranium development and nuclear fuel company, China National Nuclear Corporation (CNNC), which in 2009 bought out a Canadian company's Mongolian uranium investment.
In January 2010, India and Mongolia renewed their agreement on civil nuclear cooperation and began considering how India would start uranium mining in Mongolia. Other recent market entries were the US company Mongolia Forward and the Canadian company Uranium One Inc. This interest has come on the heels of 2007-2008 Russian protocols with Mongolia on cooperation in the production of Mongolian uranium.
Iran and Mongolia trace their modern political relationship to 1971 when diplomatic relations were first established between the Shah's Government and then communist Mongolia. Two years later, Mongol leader Yu Tsedenbal paid a state visit to Tehran, which was followed in 1976 by an Iranian prime ministerial visit to Ulaanbaatar to sign economic, trade and science agreements. In the Islamic Republic era, Iranian contact was maintained via its embassy in Beijing and since 1997 from Moscow. Mongolian ambassadors in Prague beginning in 1973 were accredited to Tehran, but after Mongolia's democratic revolution, accreditation moved to Belgrade in 1991, Beijing in 1995, and finally to Moscow in 1997.
Since 1990, the economic relationship has been relatively minor for both countries. In that year, Iran hosted a Mongolian delegation of experts from Mongol Gazriin Tos (Mongolian Oil Ltd) and later the Iranians helped to draft the first Mongolian law on petroleum. Additional ambassadorial level discussions on petroleum took place in 2002 in Ulaanbaatar. The Shanghai Cooperation Organization (SCO) has facilitated meetings among defense and security experts of these two permanent observer nations, but Mongolia's reluctance to join the SCO as a full member, has been utilized as a rationale for Russia and China to prevent Iran from entering.
Some level of personal rapport has been established between Mongolian and Iranian leaders at international forums. In 2003, the two presidents met in a Malaysian conference, and that same year Mongolia contributed 1,000 woolen blankets after the Iranian earthquake. At the 2009 Non-Aligned Summit in Havana then Mongolian president N Enkhbayar met with Iranian President Mahmoud Ahmadinejad to reportedly discuss their nations' historical ties and the Hazara minority people. Hazara are Shiite Turko-Mongols in Afghanistan who have been repressed by the Taliban and the Afghan majority Sunni population. Continuous war and brutalities resulted in Hazara migration to Iran as well as to Pakistan; however, Hazaras in Iran accuse the Iranians of maltreatment.
For the last 20 years, Hazara elements have appealed for Mongolian sanctuary and support to prevent Iranian forced repatriation to Afghanistan. Mongolia responds cautiously on this issue, because its balance of power strategy in Eurasia, based on its "Third Neighbor" concept, sees expanding ties to Iran as one partial counterweight to China's economic monopolization.
Mongolian Defense Minister Luvsanvandan Bold will make an important visit to Washington this month to meet with Pentagon officials including US Secretary of Defense Robert Gates. Although it is unclear if Iranian-Mongolian relations will be on the agenda, it may come up in bilateral discussions on how to deepen cooperation on the terrorism issue.
It would be in US interests, as well as Mongolian, to find other ways to utilize Mongolian meat products to counter growing Iranian penetration of this key sector. Around five years ago, there was some discussion by an USAID agricultural expert of encouraging Mongolian meat sales into Afghanistan, which often suffers from meat-shortages, but this concept still has not been realized.
Whether it is meat or uranium, the US policymakers should do more than passively monitor Iranian courting of Mongolian resources and instead try to facilitate its economic ties with other states to offset Iranian inroads into this strategically important country.
Dr Alicia Campi has a PhD in Mongolian Studies, was involved in the preliminary negotiations to establish bilateral relations in the 1980s, and served as a diplomat in Ulaanbaatar. She has a Mongolian consultancy company (US-Mongolia Advisory Group), and writes and speaks extensively on Mongolian issues.
GTSO Rare Earth JV Engages Mongolian Mining Consultant to Analyze New Mineral Reports
Native Mongolian Tasked with Providing Mining & Exploration Support for Rare Earths Projects
March 16, SAN JOSE, Calif.--(BUSINESS WIRE)--The Mongolian agent company for Green Technology Solutions’ (OTCBB:GTSO) joint venture with Rare Earth Exporters of Mongolia (REE) engaged a mining and exploration consultant this week to assist in the companies’ ongoing efforts to expand rare earth production and exporting from the developing nation.
Exploration and mining consultant Batpurev Tsend-Ayush was hired by the joint venture to analyze the mineral content of rare earth mining properties optioned by GTSO and REE. A native Mongolian, Batpurev lives and works in the capital city of Ulan Bator, where the joint venture’s transportation office is located.
GTSO President and CEO John Shearer said Tuesday that the joint venture plans to put the independent contractor to work immediately.
“On Monday, the joint venture signed a letter of intent to develop a new licensed rare earth mine in Mongolia’s Tuv province, so we need Batpurev Tsend-Ayush to begin analyzing mineral reports from the new site as soon as possible,” Shearer said. “We’re also in negotiations already regarding other rare earth mining properties in Mongolia, as well, so we will be relying heavily on his expertise.”
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Mongolia to Roll Out New Smart I.D Card System
March 11 (UB Post) At its regular meeting on March 9, the Cabinet decides to renew current ID system with the electronic ID system.
The new ID card with embedded microchip will contain all personal data on the security chip and numbers and the database will be linked to agencies such as the Election Commission, Tax Department, Military Recruitment body etc.
The new card with biometric facial and fingerprint systems will allow Mongolian authorities to identify people with speed and accuracy, the First Deputy Premier Altankhuyag said.
These authorities include the police, customs and tax authorities and of course the local registration and passport granting authorities.
Besides, the introduction of new ID system will enable the authorities develop e-government. With the help of smart ID card system, the Government intends to facilitate public services to population, including social allowance, social security, health, various insurances and education.
Mongolian citizens can receive the mandatory new ID cards from October 2011.
Already, over 2.2 billion people, or 33% of the world’s population, have been issued with ‘smart’ ID cards. Of those, over 900 million have biometric facial and fingerprint systems. On present plans, over 85% of the world’s population will have smart ID cards by 2012.
Get Rich In The Land Of The Blue Sky
March 14 (iStockAnalyst) The story of Mongolia's resurgence is mouthwatering for investors for a very simple reason. Mongolia is rich in natural resources… and it sits next to the world's most voracious consumer of those resources, China.
Beneath Mongolia's rugged mountains and slumbering sands lie huge untapped resources of copper, coal, gold, uranium, iron ore, oil and more — only recently discovered. Already, Mongolia's exports are up 50% from 2009, swelling Mongolia's cash reserves to $1.8 billion.
But there is a long way to go. Production of coal, iron ore and crude oil should rise 10-fold over the next 10 years. As of now, the 10 largest deposits are worth over $1.3 trillion. For perspective, Mongolia has a $4.5 billion economy.
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Another example is Kazakhstan, as Brad Farquhar, a correspondent and friend from Regina, Saskatchewan, points out. Farquhar is the co-founder and vice president of Assiniboia Capital. Farquhar has been making regular investing field trips to Mongolia, enthralled by the opportunity he sees there.
"The Kazakhstan stock market went from something like a billion-dollar market cap to $100 billion in eight years," he writes:
"Mongolia, I think, is on a faster growth track with a more diverse resource base. It also has better logistics than Kazakhstan to access markets in China, Eastern Russia, Japan and Korea. Plus, Mongolia is a free and open democracy… And the Mongolian stock market just surpassed the $1 billion market cap mark."
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"I went to Mongolia last summer," our correspondent continues:
"I came home convinced that the country will do incredibly well over the next decade…. In order to try it out myself, I opened an account on the Mongolian Stock Exchange in early November, and I have been searching out companies on other global exchanges that have significant Mongolian exposure. In the first four months, my own Mongolia-specific portfolio is up 84%, and I have some friends and colleagues clamouring to get in."
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60%
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"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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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 mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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