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.
Wish to unsubscribe? Let me know.
Close: Mongolia Related ASX Listed Companies, March 2, 2010 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.082 | -0.012 | 0.081 | 0.082 | 0.088 | 0.088 | 0.081 | 57,297,452 | |
1.230 | 0.000 | 1.210 | 1.235 | 1.230 | 1.245 | 1.210 | 1,286,518 | |
0.550 | -0.010 | 0.530 | 0.550 | 0.550 | 0.550 | 0.535 | 282,791 | |
0.690 | 0.010 | 0.685 | 0.690 | 0.675 | 0.700 | 0.670 | 1,734,414 | |
0.450 | 0.000 | 0.450 | 0.510 | 0.455 | 0.460 | 0.450 | 13,137 | |
0.022 | -0.001 | 0.022 | 0.023 | 0.023 | 0.023 | 0.021 | 5,472,250 | |
0.010 | 0.000 | 0.008 | 0.010 | 0.000 | 0.000 | 0.000 | 0 | |
0.135 | -0.005 | 0.135 | 0.140 | 0.135 | 0.135 | 0.135 | 125,000 | |
0.290 | -0.005 | 0.290 | 0.295 | 0.290 | 0.295 | 0.285 | 888,285 | |
0.590 | -0.010 | 0.570 | 0.590 | 0.600 | 0.600 | 0.565 | 211,500 | |
30.850 | -0.450 | 30.820 | 30.870 | 30.900 | 31.090 | 30.730 | 660,642 | |
84.120 | -1.190 | 84.110 | 84.130 | 84.280 | 84.280 | 83.820 | 3,570,154 | |
46.050 | -0.320 | 46.040 | 46.050 | 45.970 | 46.080 | 45.860 | 8,922,980 | |
Source: asx.com.au
Noble Group Seeks More Mongolia Coal Deals to Add to Rising Energy Profit
March 1 (Bloomberg) Noble Group Ltd, the Hong Kong-based supplier of energy, food and mining commodities, sees Mongolia as its next opportunity to expand in coal and build on its record 2010 profits.
“We have staff looking at several opportunities” in Mongolia, especially in exploration companies, Chief Executive Officer Ricardo Leiman said on a conference call yesterday. “Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Noble won exclusive overseas marketing rights for PT Berau Coal, Indonesia’s No. 5 producer, in November, adding to its Australian assets, which include Gloucester Coal Ltd. The Berau deal will “contribute nicely” to 2011 earnings, Leiman said after his company posted record annual net income of $606 million from $57 billion in sales.
Aspire Mining Ltd., which explores for coal in Mongolia, said Jan. 17 that Noble bought 4.1 percent of its shares and is in preliminary talks on how the two can cooperate. Xanadu Mines Ltd., which plans to develop coal and iron ore fields in Mongolia, said Feb .3 it has struck an alliance with Noble. The company has an office in Mongolia and ships coal from the region, Leiman said.
Noble climbed 6.3 percent to S$2.18 at 9:57 a.m. in Singapore trading for its biggest gain in more than five months. The company led gains in commodity suppliers in the city-state, with Olam International Ltd. gaining 1.4 percent and Golden Agri Resources Ltd., the world’s second-largest palm oil planter, adding 3.9 percent
…
Voyager Resources Exploration Update: Khongor Initial Drill Results, Tsagaan Drilling Mobilized
March 1 (Voyager) Voyager Resources Ltd (ASX:VOR) --
Highlights – Khongor Copper Gold Project
Ø The Company is extremely pleased with the initial drilling results which have confirmed the high quality of the Khongor Project.
Ø The drilling programme has been extended with a total of 14 drill holes now completed.
Ø Complete results have been received from four of the first eight drill holes. Further results have been delayed due to weather conditions and national holidays.
Ø Initial results include:
§ 93.1 metres at 0.23% copper and 0.03 g/t gold (KH0001D)
· Including 13 metres at 0.45% copper and 0.06 g/t gold
§ 34.55 metres at 0.51% copper and 0.1 g/t gold (KH0003D)
· Including 17.55 metres at 0.72% copper and 0.14 g/t gold
§ 70.05 metres at 0.59% copper and 0.15 g/t gold (KH0005D)
· Including 11.19 metres at 1.8% copper and 0.57 g/t gold
Ø Khongor is located in the South Gobi Arc Terrain that hosts the World class Oyu Tolgoi Copper Gold Deposit and has a mineralized strike length of +1 kilometre from geological mapping and samplilng that is broadly coincidental with a large Induced Polarisation chargeability anomaly that extends for +1,600 by 380 metres.
Ø Voyager has an Exploration Target* for Khongor of 100Mt to 200Mt at 0.7% at 1.0% copper.
Highlights – Tsagaan Gold Project
Ø A diamond core drilling rig has been mobilized to the Tsagaan Gold Project targeting intense chargeability anomalies.
Ø Previous drilling conducted on the periphery of the alteration system and external to the chargeability anomalies returned:
§ 17.0 metres at 0.26% g/t gold (TSDD-02), including
· 3.9m at 0.49 g/t gold from 256 metres to the end of hole
Ø Identified gold mineralization in TSDD-02 is associated with weak sulphide development, identified intense chargeability anomalies may be indicative of higher sulphide concentrations and gold mineralization.
…
Aspire Mining Investor Presentation, March 2011
March 2, Aspire Mining Ltd. (ASX:AKM) --
Mongolian leader meets CPC delegation on ties
ULAN BATOR, Feb. 28 (Xinhua) -- President of the Mongolian People's Party Batbold Sukhbaatar met here Monday with a delegation of the Communist Party of China (CPC) led by Liu Jieyi, vice head of the International Department of the CPC Central Committee.
Batbold, who is also Mongolia's prime minister, said the Mongolia-China partnership of good neighborhood and mutual trust developed smoothly in recent years, and the communications and cooperation in various fields between the two parties and two countries were deepening.
He said developing friendly ties with China is one of the main priorities of Mongolia's foreign policy, and is in the two peoples' interests.
Liu said that the partnership of good neighborhood and mutual trust between China and Mongolia has developed well in recent years. The two sides have kept high-level exchanges, realized development in economic and trade cooperation, enhanced cultural and educational exchanges, strengthened security cooperation, and coordinated closely in international and regional affairs.
China is willing to make joint efforts with Mongolia to enforce the consensus reached by the two countries' leaders, address each other's core interests and major concerns, strengthen pragmatic cooperation so as to push forward bilateral ties to a new high, he added.
The CPC delegation arrived here on Sunday for a four-day visit.
China Woos Mongolia as Australia of North Asia
ULAAN BAATAR, Mar. 2 (China Briefing) – China has agreed to provide a soft loan of US$300 million to Mongolia to develop a border free trade zone, along with other major trade and investment projects slated to take place in bilateral trade between the two countries. China’s Foreign Minister Yang Jiechi visited Ulaan Baatar last week to discuss bilateral trade and to seek access and participation in Mongolia’s huge mineral reserves. A new Chinese Ambassador to Mongolia, Wang Xiaolong, has also just been appointed as the two nations look to develop economic ties.
Bilateral trade between the two is currently at US$3.3 billion, however this is expected to increase significantly over the next few years as the economic bonanza promised by Mongolia’s massive mineral wealth starts to materialize. Investors are certainly straining at the leash to get in.
With China already the world’s largest consumer of coal, Mongolia’s massive reserves are finding a ready market. On top of that, Mongolia has significant deposits of gold, copper, molybdenum, tungsten, nickel, zinc, wolfram, fluorspar, tin, silver, various minerals and rare earths. Furthermore, Mongolia is reputed to have significant reserves of oil and natural gas. This was apparently recognized by Stalin, but due to Soviet incompetence never actually realized. “Stalin’s Lost Oil” may yet give another boost to an already rich nation finding itself suddenly awash in mineral wealth.
The world’s largest coal deposit is in Mongolia, the country has the world’s largest reserves of copper, and is the second largest producer of rare earths. Given China’s recent decision to place restrictions upon the exports of its own rare earths, Japanese and U.S. businesses are bypassing China and going directly to this alternative source.
As newfound wealth starts to trickle down, Mongolian consumer patterns are already changing. In Ulaan Baatar, the capital city now home to 50 percent of the nation’s population, opportunities to spend have significantly moved up market. Where there was once just a Soviet-era State Department Store selling boots and essentials, there is a swanky, modern store full of the latest iPads and gadgets, while brands such as Louis Vuitton, Chanel, Salvatore Ferragamo and Cartier have already opened stores in the flagship Central Tower on Sukhbataar Square, Mongolia’s equivalent of Beijing’s Tiananmen.
Mongolia has arrived, and is now one of the 50 countries globally dependent upon natural resources to stimulate growth and development. As much is based on mining and exploration, there is little wonder that the entire country is being compared to Australia, another economy largely dependent on natural resources.
How this development is being managed is the cause of much debate and I will be participating in such discussions at the Mongolian Economic Forum being held this week in Ulaan Baatar. For updates on this, and for comments on the sessions concerning the development of Mongolia and the opportunities for foreign investors, please see our sister web site, 2point6billion.com on which these articles will be published from tomorrow (March 4, 2011).
Development of Mongolia Tavan Tolgoi coal field to cost USD 1 billion
March 1 (Steelguru) Interfax citing Mr Vladimir Yakunin Russian Railways head as saying that investment to develop the Tavan Tolgoi coal field in Mongolia will total about USD 1.5 billion.
He said that "The preliminary evaluation assumes that investment will total about USD 1.5 billion, given resource support. That concerned our proposal that our joint venture with Mongolia will carry out this project." (Sourced from Interfax)
AUTO CHECKPOINT SET UP (in Shiveekhuren-Sekhee port)
March 1, Ulaanbaatar, Mongolia, /MONTSAME/ The state auto transport checkpoint has been set up at Shiveekhuren-Sekhee port, Gurvan tes soum in Omnogobi aimag.
Some 15 entities have been transporting coal from three mines of this area to China, besides, 450-500 vehicles enter this port a day. Some 100 violations were detected within ten days by auto transport inspector after he came here last month to have related laws obeyed.
The same auto checkpoint is functioning at Altanbulag, Gashuunsukhait, Khavirga and Borshoo ports.
European award for Erdenet Copper Corporation
March 1 (news.mn) The European Business Assembly has selected Erdenet Copper Corporation as the number one economic entity and best producer in Mongolia in 2010. It has also named Ch. Ganzorig, Director General of Erdenet, as The Best Manager -2010. The awards will be handed over in a ceremony in London on March 2.
Related article:
Mongolia’s Mining Corporation Awards EBA Prize – UB Post, March 1
GTSO Rare Earth JV Closing in on New Mongolian Mining Claims
March 1, SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that its representatives are scouting Mongolia for new rare earth mining claims ideally suited to the company’s goals. GTSO and Rare Earth Exporters of Mongolia (REE) formed a joint venture in February to pursue rare earth mining claims and operations in the developing Asian nation.
Last month, GTSO and REE engaged Mongolian Reconnaissance Survey, LLC (MRS). MRS is officially registered by the Mongolian Registration Office and was founded by Mongolian citizens experienced and qualified in geology, exploration and mining operations. The company specializes in geological exploration and mapping.
The acquisition of Mongolian mining claims and operations is key to the joint venture’s plans to develop stable sources of rare earths outside of China. Currently, China produces more than 90 percent of the global supply of rare earths, which are critical to the manufacture of defense systems and weapons, flat-screen televisions, Apple iPads, electric motors and wind turbines, among many other uses. Over the past 20 years, China has cultivated a strategic near-monopoly on the production of rare earths, regulating exports and mining permits.
Most of China’s rare earths are mined in its Inner Mongolia province, which is adjacent to the nation of Mongolia. Many experts believe Mongolia contains rare earth deposits rivaling those of China. GTSO and REE plan to acquire mining claims and operations there and transport rare earth ore by rail to the international seaport of Vladivostok, Russia, to be shipped to the U.S., South Korea, and Japan. Last month, GTSO opened a rare earth transport office in the Mongolian capital of Ulan Bator. Headquartered at the new office are Dorj Atantagos, the joint venture’s new Director of Mongolian Operations, and Atarbold Chimedregzen, its new Mongolian Director of Shipping and Exports. Both are Mongolian citizens. Additional personnel are being aggressively recruited to fill out the transportation office’s staff. For career info, please visit http://www.rareearthexporters.com/careers.
Last week, GTSO announced that it approached freight services provider Russian Railways regarding the transport of rare earth ore from Mongolia to Vladivostok. Russian Railways is a major freight provider on the Eurasian continent, offering international freight services for ore and many other types of commodities. The company provides rail service traversing Mongolia from south to north, including passage through Ulan Bator.
Previous release:
GTSO to Coordinate New Rare Earth Exports at Mongolian Embassy in DC this Week – BUSINESS WIRE, February 28
Mongolia: Ulaanbaatar Air Pollution Linked to Public Health Crisis
February 28 (Eurasianet.org) Inside a pulmonary ward for newborns in Ulaanbaatar’s bustling Maternity Hospital No. 3, Dr. Tungalag Lodon tends to a day-old infant just taken off his oxygen tubes. With relief, she notes progress in the little boy’s heartbeat. The prognosis for other patients with hypoxia -- a shortage of oxygen reaching the tissues -- is often grim.
Maternity hospitals across Mongolia’s smoggy capital have experienced a spike in birth defects and unhealthy newborns in recent years. “I suspect air pollution plays a major role,” said Lodon, who has seen a sharp increase in cleft palates, weak bones and underdeveloped vital organs in her 10 years at the hospital. One researcher estimated that congenital birth defects have increased up to 30 percent in the last decade due to Ulaanbaatar’s dirty air. Of children born with heart defects, a government study found 56 percent died within their first year.
According to the World Bank, Ulaanbaatar, a city of 1 million, has some of the worst urban pollution levels in the world, caused mainly by residents burning coal at home to stay warm during the long winter.
“There has been a surge in birth defects and while a single risk factor cannot be isolated, maternal exposure to air pollution is suspected to play a major role,” says Dambadarjaa Davaalkham, head of the Epidemiology and Biostatistics Department at the Health Science University of Mongolia. A study conducted by the government’s Public Health Institute, containing data covering 1998-2008, shows a strong correlation between the increase in heart defects among infants and higher concentrations of nitrogen dioxide and sulfur dioxide, gasses released by burning coal, in the city.
Among adults nationwide, respiratory disease is among the leading five causes of death, according to the Public Health Institute. The government agency has recorded a 45 percent uptick in the rate of respiratory diseases over the past five years.
Many hospitals are overburdened during the winter, when pollution levels are at their highest, says Dr. Naidansuren Tsendeekhuu, who works at the Pulmonary Disease Unit at a hospital in the Bayangol District. This winter, her 35-bed unit had to squeeze in 41 patients; the number of outpatients almost doubled between summer and winter. Bronchial asthma, chronic obstructive pulmonary disease and interstitial pneumonia were the most common ailments.
In January, President Tsakhiagiin Elbegdorj called the pollution’s destructive impact on public health a “disaster” and appealed for increased cooperation among government agencies to clean up the air.
Though donors such as the World Bank have spent tens of millions of dollars on projects to design cleaner stoves, produce alternative low-emission fuels and improve heat insulation, health experts feel a lack of coordination is hampering progress. “Everyone involved seems to be competing, not contributing,” says Dr. Bolormaa Purevdorj, executive director of the Mongolian Public Health Professionals Association. Residents are confused whether to invest in better stoves or better fuel, and usually end up unable to afford either, adds her colleague, environmental health researcher Enkhjargal Altangerel.
The lack of clear solutions, they say, has also left authorities confused.
A new pilot initiative seeks to give 6,000 households a 50 percent nighttime rebate on electricity in order to encourage the use of electric heaters. The initiative has generated excitement, but an official at the Energy Authority Implementing Agency says that $200 million is needed just to improve the distribution network. The money, he feels, would be better spent on producing and distributing low-emission fuels such as higher-grade coal and sawdust briquettes.
In addition, a “Law on Air Pollution Reduction in the Capital City,” passed in December 2010, establishes fines for people who don’t conform to new rules, while offering tax rebates to individuals and businesses who reduce pollution. Though implementation is a huge challenge, given the broad need and limited state resources, observers hope the law can serve as a critical to-do checklist that will finally help harmonize efforts to clean up Ulaanbaatar’s air. “Now that we have some sort of a policy in place, I hope things happen before we all get sick,” says Altangerel, the environmental health researcher.
FACTBOX-Key political risks to watch in Mongolia
BEIJING, March 1 (Reuters) - Landlocked Mongolia sits on vast quantities of untapped mineral wealth and analysts say it could be one of the fastest growing economies of the next decade, as well as a key investment target for mining giants.
The $6 billion Oyu Tolgoi project, jointly owned by Toronto-listed Ivanhoe Mines , Rio Tinto and the Mongolian government, will be the world's biggest copper mine outside top producer Chile once full operation starts in 2013.
To read a multimedia special report on the Oyu Tolgoi copper and gold deposit, click here: r.reuters.com/nas97p</A1 >
Mongolia also aims to become a major player in the regional coal market by developing the Tavan Tolgoi mine, the world's biggest untapped deposit of its kind. The operator of Tavan Tolgoi, Erdenes MGL, has already chosen the banks that will be entrusted with the listing of Tavan Tolgoi shares in the first half of next year.
Stakes in the western section of Tavan Tolgoi are also on offer to global mining firms. Erdenes said it would choose a shortlist of potential investors "soon".
Foreign companies and investors are watching to see whether the country's fledgling democratic government can build the infrastructure required, maintain stability, improve the rule of law and -- most crucially -- negotiate its way through the geopolitical pressures exerted by its two large neighbours, Russia to the north and China to the south.
Following is a summary of key Mongolia risks to watch:
…
Mongolia: Severe winter Emergency appeal n° MDRMN004 - Final Report
February 28, 2011 (ReliefWeb) – Source: International Federation of Red Cross And Red Crescent Societies (IFRC)
Period covered by this Final Report: 29 March to 31 October 2010
Appeal target (current): CHF 1,312,670
Final Appeal coverage: 100%;
Appeal history:
…
Misc
Mogi: “bring your own entertainment devices”. Hilarious! And as far as I know we don’t have religious holidays and if we do, we sell alcohol on those days. Post offices do deliver mails to your home address, it’s just that someone actually needs to be there. I’d say taxi service is actually pretty good here, it’s just only impossible to find one in evening rush hours.
Tips for Expats Relocating to Mongolia
Cultural tips for those moving to Ulaanbaatar, Mongolia
February 28 (MoveOne) It takes some time for freshly relocated expatriates to comfortably settle into the surroundings of their newly chosen home country. Let’s be honest – even in some of the biggest expat hubs, such as Dubai, Shanghai or Moscow, and even after some time spent acclimatizing, foreigners are still quite easy to spot.
Therefore, to help first timers adjust to their new lives in our countries of operations, Move One’s relocation specialists have produced a list of very useful tips for a different location every week.
Things newbie expats in Mongolia need to know:
1. There are no residential postal addresses. You will need to arrange a PO Box
2. The climate is continental and very dry. Temperatures routinely reach -40 in the winter and +30 in the summer. Bring moisturizing cream
3. If you drive yourself, make sure to have a heated garage spot
4. To overcome winter loneliness, bring your own entertainment devices
5. Taxi service of official companies is really poor in Ulaanbaatar. Most people flag down private cars to use as taxis. Going rate (2010) is 500 MNT (approx. $0.4 USD) / km
6. A common drink is salted milk tea, so if you don’t want salt, make sure you mention it when ordering
7. Manholes in Ulaanbaatar are often without their covers. Make sure to look where you are walking
8. It is not customary to tip when paying bills in Mongolia
9. Internet service is decent and very affordable
10. Air pollution levels in the winter are very high due to intensive coal burning. Some Mongols wear masks while walking in the streets during the colder months
11. The quality of the piping infrastructure varies. Most expats drink bottled water. Water bottle delivery service is available
12. Electricity and water cuts are rare but not uncommon
13. Alcohol cannot be purchased on the first day of every month and on religious holidays
14. Ulaanbaatar streets are often rife with pot-holes. Traffic can cause major delays in the small downtown.
15. The sun is very strong in Mongolia at all times of the year. Bring sunblock
16. Buddhism is the main religion of Mongolia, though western Mongolia has some Muslim populations and there are many christian groups with a presence in the capital
17. Ulaanbaatar is currently linked to the following international destinations by air: Moscow, Beijing, Seoul, Tokyo, Osaka and Berlin
18. Most expats leave the country for any major health-related intervention
Related (and even funnier) article. Read it or you’ll “die”!
Weekly Cultural Tips – Mongolia: Superstitious beliefs for expatriates relocating to Mongolia – MoveOne, October 4, 2010
<Mogi & Friends Fund A/C>
108%
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.
The stock that relisted yesterday has gone down 10% from its offer price. Hoping in short/mid term it pays off!
I’ve been pondering a lot lately on how to expand the fund, but most importantly how to facilitate an expansion that’s fair to my friends’ both existing and newcoming investments. How to calculate return on investments that have come in at different times and at different amounts. Expect soon a new Fund management strategy.
Mogi
Disclosures
· 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
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
P Please consider the environment before printing a copy of this email.
Suite 906 · Central Tower · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
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.
No comments:
Post a Comment