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, May 25, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.046 | -0.002 | 0.045 | 0.046 | 0.047 | 0.047 | 0.045 | 3,813,019 | |
1.400 | -0.065 | 1.395 | 1.405 | 1.460 | 1.485 | 1.395 | 673,694 | |
0.280 | -0.020 | 0.260 | 0.275 | 0.295 | 0.295 | 0.280 | 178,857 | |
0.680 | 0.000 | 0.660 | 0.680 | 0.680 | 0.685 | 0.655 | 390,217 | |
0.014 | 0.001 | 0.013 | 0.014 | 0.014 | 0.015 | 0.014 | 1,950,427 | |
0.005 | 0.000 | 0.005 | 0.006 | 0.005 | 0.005 | 0.005 | 1,100,000 | |
0.049 | -0.001 | 0.048 | 0.049 | 0.053 | 0.053 | 0.048 | 6,611,433 | |
0.160 | -0.020 | 0.160 | 0.170 | 0.170 | 0.170 | 0.160 | 262,340 | |
1.210 | 0.030 | 1.180 | 1.215 | 1.200 | 1.230 | 1.195 | 864,624 | |
0.255 | -0.010 | 0.255 | 0.265 | 0.255 | 0.260 | 0.255 | 388,451 | |
0.500 | 0.000 | 0.450 | 0.500 | 0.000 | 0.000 | 0.000 | 0 | |
0.435 | -0.005 | 0.435 | 0.440 | 0.435 | 0.440 | 0.435 | 129,466 | |
23.070 | -0.510 | 23.070 | 23.080 | 23.550 | 23.580 | 23.070 | 836,593 | |
78.720 | -0.290 | 78.720 | 78.750 | 79.540 | 79.720 | 78.660 | 2,398,596 | |
42.970 | -0.270 | 42.970 | 42.980 | 43.580 | 43.610 | 42.970 | 13,439,251 | |
Source: asx.com.au
Cabinet Meeting: Zero Import Duty on Diesel
May 25 (summarized from open-government.mn) During May 25 Cabinet Meeting the Government decided to remove the duty on diesel import immediately from May 25.
The Government had previously on May 11 lowered Ai-92 petrol duty to 170,000 MNT from 230,000 and diesel duty to 10,000 MNT from 210,000.
As of May, the entire nation has 5,200 tonnes or four days reserve of diesel left.
Government will release its 2,050 tons of national diesel reserves.
Coal mines that do not supply thermal power stations with coal will have its diesel supply stopped for 10 days.
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Link to Government Press Release (in Mongolian)
Tavan Tolgoi project appoints StanChart as FA
May 25, 2011 (IFRASIA - subscription)- basis point - Mongolia’s state-owned Erdenes MGL LLC has chosen Standard Chartered Bank as financial adviser for its roughly US$15bn Tavan Tolgoi project, the world’s largest untapped coking coal project, a source familiar with the matter said.
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The Mongolia Equity Opportunities Fund
May 25 (Monet Capital) The Mongolia Equity Opportunities Fund’s investment objective is to capture the opportunities for growth offered by the expanding Mongolian economy by investing in local and international listed companies, or companies soon to be listed, with assets and operations in Mongolia.
Khan Investment Management Limited (Khan) is a specialist Cayman Island Investment Management Group, specifically created to structure and promote the Mongolia Equity Opportunities Fund (the Fund).
Khan has created and structured the Fund in accordance with what it believes are the most important attributes for potential investors, including fund domicile, liquidity terms, portfolio diversification and importantly, to provide access to the local Mongolian Stock Exchange and participate in the many local Initial Public Offerings of private and state owned enterprises slated over the coming years.
Khan has also selected all third party services providers of the Fund, including importantly the Investment Manager, Gordian Capital Singapore Private Limited, and the chief Investment Adviser Monet LLC.
Please view the funds term sheet here
Please view the funds teaser material here
Monet Capital Investment Bank: MNT – The Tugrik Soars
May 20 --
Introduction
In 2010 the Mongolian Tugrik topped the global currency charts, increasing around 15% to the US Dollar, tailed closely by the Australian Dollar with a 13% rise. The local Mongolian exchange also boasted 138% gains from the year to build a bullish outlook on the country’s future as a major commodity exporter.
The AUD/MNT link is no coincidence. China’s demand for coking coal, copper, iron and other raw materials is expected to drive this trend long into the future, and as Mongolia builds its exporting prices up to compete on a global scale, the mining sector will lift the country’s currency high.
Foreign Direct Investment hit a new record in 2010, up 143% YoY to $1.4Bn. The demand for MNT investments has affected the currency directly, and continues to do so. Although the nation relies on imports for the majority of its products, demand for its raw materials and heavy investment has driven an influx of dollars and Yuan. The MNT is being bought aggressively as the hunt for resources builds momentum.
Please read the full report from the attachment or view online here
Excavation Underway for GTSO’s First Rare Earth Shipment to S. Korea
Company Plans to Ship 15 Tons of Rare Elements from Mongolia to Seoul Soon
May 25, 2011, SAN JOSE, Calif.--(EON: Enhanced Online News)--Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that excavation is underway in Mongolia for the company’s first shipment of rare earth ore to South Korea.
GTSO President and CEO John Shearer returned to the U.S. from a trip to Mongolia to supervise preparations for the shipment. GTSO is currently performing due diligence toward a new profit participation agreement with ArErkhes, LLC, for the development of three rare earth mining sites there. Digging began this week at the first of these sites, ArErkhes’ Avdrant mine in the Bayandelger Soum of Mongolia’s Tuv province.
GTSO plans to send 15 tons of rare earth ore from Mongolia to South Korea for analysis as soon as possible.
“The Chinese transport company Asia Direct Trade will handle the transportation of this initial shipment,” Shearer said. “We are very excited to make the first of what we anticipate will be many shipments of rare earth ore to buyers in South Korea and around the world.”
Rare earth ore from the Avdrant mine is set to be loaded into three five-ton sacks and placed in an intermodal shipping container for transport, Shearer said. Plans call for the ore to be sent by rail to the international seaport of Vladivostok to be shipped to an Inchon mineral lab.
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Boroo Gold again named one of the leading taxpayers
May 24 (news.mn) Boroo Gold Company is on the list of leading taxpayers in 2010 recently published by the General Tax Department. This is for the second year in a row that the company has been so honored. The recognition underscores not just the amount of taxes the selected companies have paid, but also their compliance with tax legislation.
Since 2004, Boroo Gold has paid over MNT 209.4 billion in taxes to the state and local budgets. In terms of the amount of taxes paid, Boroo was 2nd in the country in 2007 (MNT 43.8 billion), 3rd in 2008 (MNT 41.5 billion), 1st in 2009 (MNT 40.7 billion) and 3rd in 2010 (MNT 47.4 billion).
Mr. Ian McNeil, Senior Operations Manager, says, “We have been submitting our financial and operational reports to the Extractive Industries’ Transparency Initiative (EITI) every year since this organization established its branch here. We believe that transparency of operations will play the main role in developing responsible mining in Mongolia.”
Khashchuluun: Mongolian Economy is growing rapidly
May 23 (business-mongolia.com) Mr. Ch.Khashchuluun, Chairman of the National Development and Innovation Committee answered reporter’s questions on Economic growth, inflation and Development bank.
Q: Let’s start the conversation with the subject of Economy and Gross Domestic Product as they have increased by significant amount compared with the previous years?
Ch.Kashchuluun: The Real GDP in 2010 was 6 percent whereas it is 9.7 percent in the first quarter of this year. The rate is still increasing. Last year, the sectors with the greatest increases were: trades (23%), construction sector (15%), manufacturing factories (11.3%) and industrial enterprise sector (6.3%).
According to the statistic of the year 2010, our GDP was counted over 8 trillion MNT. GDP per capita reached over 2200 USD which is about 500 USD greater than the economic recession period in 2009. The growth of 9.7% in the first quarter of 2011 has never been recorded in the history of Mongolian Economy. The growth is increasing as well as the rate. There are some positive signs in the economy as we are seeing more production instead of larger portion of purchasing and spending. What we will also experience is decreased unemployment because “Employment support year” is actually providing more job opportunities. Demands for jobs are increasing and it is important to provide that.
Q: As the Economy is growing so fast, what about the inflation? Lots of economists say that inflation has direct relation with the Economic growth?
Ch.Kashchuluun: International organizations have approached it with such care that they thought increase in price will be much higher this year. Right now, the rate is much lower than expected. The inflation is around 5 percent right now. This is because large numbers of meats and vegetables were reserved last winter so that the price can be stable in the spring where usually demand for meat and vegetables are much higher. What we are expecting this year is the Economic growth to be more than 10% and inflation to be in single digit. The trade balance showed USD 1.5 billion surplus. This was an advantage because we have greater currency reserve which makes the value of MNT much higher. This is another reason to have lower inflation.
Large numbers of investments are planned for the countryside. We are creating all sorts of funds for the countryside so to increase investment in the countryside. According to our plan, we will see large number of improvements in the infrastructure sector this year. The planned works are: paved roads in Umnugobi province, thermal power station in Zavkhan province and works for 5th thermal power station is to start. In addition, the project to build Thermal power station near Oyu tolgoi and Tavan tolgoi will be decided this June.
Q: The development bank was established with bonds worth MNT 800 billion. MNT 350 billion will be spent on housing and apartments; did the working group calculate the rest of the funding for other sectors?
Ch.Kashchuluun: According to the Resolution No 15 of the SGK this year, the fund is available for 4 large projects which are paved roads, large complex of enterprise, new apartments and new railways. First of all, projects are not ready and it is too early to give information on how much money will be spend on each of those 4 projects.
China Airlines donates 350 LCD monitors to Mongolian schools
May 25 (The China Post) -- China Airlines donated 350 used 15” LCD monitors to the Ulaanbaatar Trade and Economic Office in Taipei, Mongolia's representative office in Taiwan, at the inauguration ceremony yesterday of the Mongolia Culture, Education, Health and Economic Cooperation Association in Taiwan.
The monitors will be distributed to 33 schools and one hospital in remote regions of the Mongolia, including the South Gobi Province and Selenge Province to help promote computer literacy. The airline donated another 210 used monitors in March to Taiwanese charities such as the Garden of Hope Foundation and Syin-Lu Social Welfare Foundation, among others.
In recent years the airline has been finding new lives in social welfare for old corporate assets. In 2009, it donated cabin equipment such as seats, meal carts, toilets, oxygen masks and life jackets, to local elementary schools to build airport-themed English classrooms.
<Mogi & Friends Fund A/C>
Historic +17.7%, QtD -33%
Mogi & Friends Fund is a tiny fund of A$23K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.
…
Mogi
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"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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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.
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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