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 26, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.048 | 0.002 | 0.048 | 0.049 | 0.047 | 0.050 | 0.046 | 7,424,222 | |
1.430 | 0.030 | 1.430 | 1.440 | 1.415 | 1.475 | 1.410 | 400,398 | |
0.280 | 0.000 | 0.270 | 0.280 | 0.275 | 0.285 | 0.265 | 194,889 | |
0.695 | 0.015 | 0.690 | 0.695 | 0.685 | 0.710 | 0.680 | 652,921 | |
0.014 | 0.000 | 0.013 | 0.014 | 0.000 | 0.000 | 0.000 | 0 | |
0.005 | 0.000 | 0.005 | 0.006 | 0.005 | 0.005 | 0.005 | 48,800 | |
0.050 | 0.001 | 0.050 | 0.052 | 0.048 | 0.051 | 0.048 | 3,514,634 | |
0.170 | 0.010 | 0.160 | 0.170 | 0.165 | 0.170 | 0.160 | 125,000 | |
1.220 | 0.010 | 1.200 | 1.220 | 1.220 | 1.230 | 1.195 | 726,048 | |
0.255 | 0.000 | 0.255 | 0.265 | 0.255 | 0.255 | 0.255 | 60,001 | |
0.500 | 0.000 | 0.450 | 0.500 | 0.000 | 0.000 | 0.000 | 0 | |
0.420 | -0.015 | 0.415 | 0.420 | 0.435 | 0.435 | 0.420 | 245,154 | |
23.280 | 0.210 | 23.250 | 23.290 | 23.300 | 23.430 | 23.130 | 570,748 | |
80.250 | 1.530 | 80.250 | 80.260 | 80.010 | 80.370 | 79.920 | 3,729,389 | |
43.910 | 0.940 | 43.900 | 43.920 | 43.730 | 43.980 | 43.500 | 14,181,566 | |
Source: asx.com.au
Anod Bank matter transferred to prosecutors
May 26 (news.mn) All investigation into charges against Anod Bank directors causing financial loss to 1,200 people by selling them counterfeit shares has been concluded and the matter was transferred to Ulaanbaatar Prosecutors Office on May 24.
The former Executive Director of the Bank, L.Ulambayar, is free on bail and the Chief of the Representatives Managing Council, N.Enkhtur, and two of its members, N.Davaa and E.Gur-Aranz, are in jail for misappropriating bank funds and violating laws.
Russia has not supplied agreed amount of diesel
May 26 (news.mn) Minister for Mineral Resources and Energy D.Zorigt told the Government meeting yesterday that Russia has not supplied the agreed amount of fuel and accordingly there is a deficit of diesel in the country. The Government has decided to release diesel from the state reserve and to restrict public transportation services. It will also send teams to Russia and China to seek diesel.
The state budget will allocate more funds to increase petroleum storage capacity in the remaining months of the year and in 2012. The Ministry will submit a report on setting up a petroleum refinery to the Government meeting next week.
The Government also decided to limit the amount of diesel mining companies, including Energy Resource LLC and Erdenes Tavantolgoi LLC, can use, as the present stocks are not sufficient.
PRESIDENT`S VISIT TO RUSSIA APPROACHES
May 26, Ulaanbaatar, Mongolia, /MONTSAME/ The President Ts.Elbegdorj will pay a state visit from May 30 to June 3 to the Russian Federation (RF) as a return to Russian President D.Medvedev's visit in 2009 during the 70th anniversary of the Victory on Khalkh River Battle.
It is expected that the visit will have not only politics and economics importance but will include the State Head's meetings with the people of Mongol nation, who live in Russia, and visits to memorial sites related to the Mongolian culture, history and religion.
The President will meet with his Russian counterpart D.Medvedev and with the Premier V.Putin and others to hold political and economic talks in Moscow. In Saint Petersburg, he will meet some Mongolists, get acquainted with historical and cultural memorials. In Kalmykia, he plans to meet its president.
Accompanying the President group comprises G.Zandanshatar, the Minister of Foreign Affairs; L.Bold, the Minister of Defense; Kh.Battulga, the Minister of Road, Transportation, Construction and Urban Development; R.Amarjargal MP; D.Choijamts, the Hamba Lama of the Gandantegchilen Monastery; B.Mongontuul, a chess player; business delegates, and media.
Mogi: Montsame wrongly states that Minister Zorigt is ordered to stop diesel supply to thermal power stations for 10 days, when actually it is to stop fuel supply to coal producers that don’t supply to the power stations for 10 days. Please refer to the press release.
DIESEL FUEL EXCISE TAX DECLINES TO ZERO
May 26, Ulaanbaatar, Mongolia, /MONTSAME/ Excise tax on auto and diesel fuels was reduced to zero from May 25, This decision was made at the cabinet meeting Wednesday.
The fuels are imported from the “Tsagaannuur”, “Yarant”, “Borshoo”, “Artssuuri”, “Tes”, “Burgastai”, “Gashuun sukhait”, “Shivee khuren”, “Bayankhoshuu”, “Bichigt”, “Khavirga”, “Khankh” and “Ulikhan maikhan” border checkpoints with special permission. An auto fuel with up to 90 octanes and being imported through “Zamyn-Uud”, “Ereentsav” and “Altanbulag” border checkpoints will be imposed MNT 230.000 tax per ton, whereas the diesel fuel will not be imposed.
In respect of the cabinet meeting's decision made May 11, 2011, the excise tax on oil products was declined. By May of 2011, the state has 5,200 tons of diesel fuel nationwide, enough for four days. Thus, the cabinet has made a related decision to take a measure for provision of oil products. A order has been given to D.Zorigt, the Minister of Mineral Resources and Energy, to regulate a matter on temporarily stopping a supply of fuel to thermal power stations for ten days. The Deputy Premier M.Enkhbold has been allowed to take 2,050 tons diesel fuel from the reserved fund, and to sell it to the distributors at the current retail price.
The Minister of Road, Transportation, Construction and Urban Development Kh.Battulga, and the City's Mayor have taken an order to reduce the diesel fuel consumption in the public transport. In addition, the cabinet has decided to reflect 32 billion togrog in the budget clarification to create a reserve of fuel for 20 days.
The Premier has obliged the related Ministers and heads of agencies to intensify a construction of an oil processing factory and to give report every week to the cabinet.
Link to original cabinet press release
Standing Committee approves bonds sale for MNT300 billion
May 26 (news.mn) The Standing Committee on the Economy yesterday approved a Government proposal to issue bonds worth MNT300 billion with a five-year maturity period. MNT100 billion will go to the cashmere sector, MNT50 billion to lamb and camel wool factories and to pay incentives to herders to supply wool to local factories, and the remaining MNT150 billion will be for SME support. The committee wants the Government to issue all loans from the money raised at 7% interest.
The committee also agreed to a proposal to pay a bonus of MNT2,000 for each kilo of Grade 1 lamb and camel wool to members of cooperatives. The committee will prepare the necessary rules by July 1 so that the money can come from the state budget.
North Asia Resources ends framework deal on Mongolian iron ore purchase
May 26 (SteelOrbis) Hong Kong, China-based North Asia Resources Group (HK:61) has terminated its framework agreement for the purchase of two iron ore deposits in Mongolia, without revealing the reasons for its decision.
In August 2010, North Asia Resources Group signed a framework agreement to purchase two iron ore deposits in Mongolia at a cost of RMB 170 million ($26 million). The total reserves of the two deposits amount to no less than 79 million mt.
Voyager Resources doubles target size in Khongor, Mongolia
May 26 (Fortbridge) Voyager Resources (ASX: VOR) has now received all assay results from the 24 diamond core drill holes completed at its Khongor Copper Gold Porphyry Project located in the South Gobi Arc Terrain that hosts the World Class Oyu Tolgoi Copper Gold Deposit in Mongolia.
Highlights:
· These latest results have expanded the porphyry copper mineralised zone to an area measuring some 400 by 150 metres in area, doubling the size of the target previously reported
· Mineralisation has now been intersected in drill holes in excess of 800 metres of strike
· Recent assay results received have been highly encouraging, returning:
o 39.0 metres at 0.5% copper, 0.14 g/t gold and 1.1 g/t silver (KH0020D)
o 17.3 metres at 0.5% copper, 0.14 g/t gold and 1.6 g/t silver (KH0022D)
o 30.3 metres at 0.6% copper, 0.15 g/t gold and 1.1 g/t silver (KH0023D)
o 7.8 metres at 0.8% copper, 0.15 g/t gold and 2.3 g/t silver (KH0024D), including:
§ 25.1 metres at 1.1% copper and 0.21 g/t gold and 3.3 g/t silver
o 5.4 metres at 1.0% copper, 0.50 g/t gold and 1.9 g/t silver (KH0024D)
· These results are in addition to previously released results, including:
o 93.1 metres at 0.23% copper and 0.03 g/t gold (KH0001D), including
§ 13.0 metres at 0.5% copper and 0.06 g/t gold and
§ 16.3 metres at 0.4% copper and 0.06 g/t gold
o 34.5 metres at 0.5% copper and 0.10 g/t gold (KH0003D), including:
§ 17.6 metres at 0.7% copper and 0.14 g/t gold
o 70.1 metres at 0.6% copper and 0.15 g/t gold (KH0005D), including
§ 53.94 metres at 0.7% copper and 0.18 g/t gold
§ 11.19 metres at 1.8% copper and 0.57 g/t gold
o 22.5 metres at 0.8% copper and 0.16 g/t gold (KH0006D)
o 7.0 metres at 2.0% copper, 0.47 g/t gold and 3.4 g/t silver (KH0010D)
· Geophysical and geochemical surveys have commenced at Khongor, with Induced Polarisation geophysical surveys identifying additional and deeper targets for drill testing
Investment focus: news and views
May 26 (FT) --
Investing in... Mongolia
What is the fund?
Origo Partners, a private equity company based in Beijing and listed on the London stock market. The fund tries to invest in companies that will benefit from strong Chinese demand – including a number of commodity firms in Mongolia.
Why should I buy it?
The Mongolian stock market was the best performing in the world last year and has already grown 100 per cent in the first quarter of 2011 – and analysts expect more to come. The country is rich in undeveloped resources such as copper and gold – and with plans to roll out railways in the next five years, analysts believe this could be a big growth story. Origo is also the largest shareholder in ResCap, Mongolia’s only investment bank, which will help bring local companies to market.
Mick Gilligan, head of research at Killik, the UK stockbroker, recommends this fund to clients who are willing to take a high level of risk and want to diversify their portfolios in an unusual way.
Why shouldn’t I buy it?
Investing in start-up companies that have not yet come to market is always a risk – and even more so in countries, such as Mongolia, that do not have developed stock markets. Origo is also expensive – while shares have risen 42 per cent in the past year, they are trading at a premium of 17 per cent to the value of the assets. The fund is also heavily weighted towards commodities, with about 50 per cent in metals and mining, so there will be a commodity price risk.
…
Mongolia and NATO hold High-level talks in Ulaanbaatar
The NATO Deputy Assistant Secretary General for Political Affairs and Security Policy, Mr. James Appathurai, travelled to Ulaanbaatar from 25-27 May 2011 for the first high-level talks between Mongolia and NATO.
May 26 (NATO) He met with the President of Mongolia, Mr. Tsakhia Elbegdorj in order to discuss Mongolia’s proposals for the development of a partnership with NATO. Mr. Appathurai also met with the Minister of Foreign Affairs Mr. Gombojav Zandanshatar, the Minister of Defence Mr. Luvsanvandan Bold, with Secretary of the National Security Council Mr. Ulziisaikhan Enkhtuvshin, and with the Chairperson of the Parliamentary Security and Foreign Policy Committee Mr. Yaichil Batsuuri.
During the visit, Mr. Appathurai also discussed ideas for specific Science for Peace and Security projects with the Secretary General of the Mongolian Academy of Sciences.
Mongolia is a valued contributor to NATO-led operations. Earlier this month, Mongolia dispatched an infantry platoon to provide flight-line security to Kabul International Airport. Mongolia has participated in NATO’s ISAF operation in Afghanistan with important contributions to force protection in the Feyzabad area since March 2010 and has sent infantry, artillery and air mentor trainers to the NATO Training Mission in Afghanistan in Kabul. From December 2005 to March 2007, Mongolia paid a valuable contribution to the NATO-led KFOR operation in Kosovo with an embedded platoon within the Belgian contingent.
ADB: "SOME PROJECTS AND PROGRAMMES AWAITING DECISION"
Ulaanbaatar, Mongolia, /MONTSAME/ A head of the parliamentary Standing committee on social policy, education, culture and science D.Ochirbat has received a senior staffer of Social sector division of the Asian development bank /ADB/ to Mongolia K.Bodart.
The sides have exchanged opinions on implementation of social section supporting programmes, funded by the ADB. The programme has been realized by the ADB and International monetary fund /IMF/ since 2008 to overcome a finance crisis and to stabilize an economy.
K.Bodart has said that "some projects and programmes have not implemented until now due to parliament's delaying social welfare renewing issues". He has said it was a disappointment for him to learn that "a draft law on social welfare has not been included in the agenda of parliament's spring session". He has explained that the remaining of the programmes money may be issued for targeted groups, and asked the head of the committee whether the draft would be considered this spring.
Editor of daily paper held for two months
May 26 (Reporters Without Borders) Reporters Without Borders today voiced “great concern” about the imprisonment for the past two months of Dolgor Chuluunbaatar, editor of the daily Ulaanbaatar Times, and said it feared he had been “tortured and forced to sign confessions.” It called on the government to prove otherwise.
He was arrested in the capital, Ulaanbataar, on 24 March and accused by the Sukhbaatar district court of illegally privatising the paper. Reporters Without Borders is also concerned about the arrest on 27 April of another journalist, who was accused of libeling a minister.
The worldwide press freedom organisation said it was “very worried” about the editor’s treatment in prison, since the case was of interest to the government. It said it was quite unlikely that the privatisation of the paper and a state printing works had been done entirely by one person. It urged the government to clarify the matter and allow civil society representatives to visit the prison to check on Chuluunbaatar’s health and whether he had been beaten.
He was accused by the court on 7 April of violating in 2008 article 150.3 of the criminal law about private and government property and faces a 15-year prison sentence if convicted. The paper’s offices are in a former printing works that belonged to the Ulaabataar city government. He denies the charges. His lawyers have applied nine times to various legal authorities for his release on bail but none have replied.
Chuluunbaatar, a respected TV journalist and former editor of Mongoliin Medee (Mongolian News) and the Daily Independent, is currently vice-president of the Asia Journalist Association and secretary-general of the Confederation of Mongolian Journalists.
Reporters Without Borders is also concerned about the arrest on 27 April of two journalists, Gantumut Uyanga and her husband Baviya Baatarkhuyag, after they criticised nature, environment and tourism minister Luimed Gansukh in the daily Udriin Sonin for moving with his family into a million-dollar house soon after the government signed an agreement with a Canadian firm, Ivanohe Mines, to mine copper and gold at Oyu Tolgoi.
Uyanga told the news website News.mn that she and her husband were seized by four police and shoved into a van as they were leaving their house with a friend. “I was forced to kneel down and they smashed my mobile phone,” she said.
Both journalists were freed a few hours later. The Ulaanbaatar court upheld on 5 May the dismissal by the Sukhbaatar court on 24 March of a libel suit brought by the minister against Uyanga, who also heads a civil society organisation. She said she would sue police for illegally arresting her.
Reporters Without Borders calls on the government to “immediately decriminalise defamation” and said prosecution of journalists for what they wrote violated freedom of expression and the media, which were guaranteed by article 16 of the national constitution, article 19 of the Universal Declaration of Human Rights and by the International Covenant on Civil and Political Rights, all of which Mongolia had signed.
Mongolia ranks 76th out of 178 countries in the current (2010) Reporters Without Borders world press freedom index.
MIAT TAKES BOEING-767
May 25, Ulaanbaatar, Mongolia, /MONTSAME/ The Mongolian Airlines company (MIAT) organized Wednesday a ceremony to receive a new airplane Boeing-767-300.
Made in 1996, the plane has been taken on a dry lease from the U.S. Air Lease until the year 2013.
The airplane has made 18,125 flights for 380,841 hours, has 245 seats in economy class and 18 seats in business class. The main reason the MIAT has leased the plane is that it can make direct flights to any European cities.
Governments of Thailand and Mongolia to tighten relationships of public and private sector (26/5/2011)
May 26 (Thai Government) On 24 May 2011, at 14.00 hrs., Deputy Prime Minister Miyeegombyn Enkhbold of Mongolia, as the head of representatives in the 67th UNESCAP, visited Prime Minister Abhisit Vejjajiva to tighten their bilateral relationship at the Ivory Room, Thai Khu Fah Building, Government House. The Deputy Prime Minister was welcomed by the Prime Minister and said that Mongolian Prime Minister Sukhbaatar Batbold sent his regards and wished him success for the upcoming election.
The Deputy Prime Minister believed that the relationship between Thailand and Mongolia was more firmly established due to the exchanges of royalty and high-level officials for the past year, especially the visits by HRH Princess Maha Chakri Sirindhorn, Foreign Affairs Minister, and Mongolian traders in December 2010, which increased negotiations and cooperation. The Deputy Prime Minister said that Mongolia aimed to expand its trades and investments in Thailand in many fields such as mining industry, construction, and investments in basic structures. The Prime Minister used this opportunity to emphasize Thailand's readiness to cooperate as an investor as Thai entrepreneurs, as in the case of Banpu company's request for mining concession, are more interested in investing in Mongolia. In addition, the private sector is also interested in investments according to Mongolia's demand. The Mongolian government wished to establish a committee overseeing investments between Thailand and Mongolia, which the Prime Minister agreed.
Moreover, both countries exchanged opinions regarding bilateral cooperation and shared interests such as education, and Mongolia is interested in bringing college students to study in Thai universities. The Prime Minister also supported Mongolia as chairman of Community of Democracies 2011-2013 and believed that the countries can further exchange cooperations in regional security and peace preservation.
In the end, both sides agreed to support each other in the international stage as they are from the same region, stand for democracy, and share similar cultures.
<Mogi & Friends Fund A/C>
Historic +19.8%, QtD -31.8%
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
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.
Central Tower · 12th Floor · Left Wing · 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.
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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