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Close: Mongolia Related ASX Listed Companies, May 20, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.050 | -0.001 | 0.050 | 0.051 | 0.051 | 0.051 | 0.050 | 1,533,646 | |
1.465 | 0.000 | 1.440 | 1.490 | 0.000 | 0.000 | 0.000 | 0 | |
0.300 | 0.000 | 0.285 | 0.300 | 0.295 | 0.300 | 0.290 | 151,131 | |
0.735 | 0.015 | 0.720 | 0.735 | 0.730 | 0.740 | 0.720 | 770,204 | |
0.014 | 0.000 | 0.014 | 0.015 | 0.014 | 0.015 | 0.013 | 1,701,286 | |
0.006 | 0.000 | 0.005 | 0.006 | 0.000 | 0.000 | 0.000 | 0 | |
0.054 | -0.001 | 0.054 | 0.056 | 0.055 | 0.058 | 0.054 | 4,437,347 | |
0.190 | -0.005 | 0.185 | 0.190 | 0.200 | 0.200 | 0.190 | 363,016 | |
1.265 | 0.045 | 1.260 | 1.265 | 1.250 | 1.270 | 1.240 | 714,718 | |
0.270 | 0.015 | 0.250 | 0.270 | 0.260 | 0.270 | 0.255 | 514,014 | |
0.500 | 0.000 | 0.480 | 0.530 | 0.480 | 0.500 | 0.480 | 80,000 | |
0.475 | -0.020 | 0.470 | 0.475 | 0.470 | 0.495 | 0.470 | 78,500 | |
24.190 | 0.640 | 24.150 | 24.210 | 23.490 | 24.480 | 23.390 | 1,179,977 | |
80.200 | -0.900 | 80.030 | 80.240 | 80.110 | 80.270 | 79.830 | 2,352,735 | |
44.050 | -0.770 | 44.030 | 44.050 | 44.150 | 44.190 | 44.000 | 16,265,228 | |
Source: asx.com.au
Garrison International Ltd.: Unauthorized Transfer of Company Subsidiary
TORONTO, ONTARIO--(Marketwire - May 20, 2011) -Garrison International Ltd. (TSX VENTURE:GAU) ("Garrison" or "the Company") regrets to inform that on January 21, 2011, the company stamp for Garrison Asia LLC, the wholly owned subsidiary of Garrison was taken from the office of Garrison Asia LLC without the knowledge or permission of any of the Officers or Directors of the Company. On March 31, 2011, it came to the knowledge of the senior officers of the Company that on February 6, 2011, his stamp was used to transfer the ownership of the shares of Garrison Asia LLC away from the Company.
In Mongolia as well as other parts of Asia, the company stamp is equivalent to a signature. The stamp was therefore was used to improperly confirm that the Company had approved the transfer of the shares of Garrison Asia LLC away from the Company. Notwithstanding the use of the stamp, in order to change the ownership of Garrison Asia LLC, a notarized signature from the signing authorities of this company would have been required. It is not clear at this time how the notarized signatures were obtained by the two men who took the stamp from Garrison's office in Ulaan Baatar, Mongolia. As all of the Company's active operations take place under the subsidiary Garrison Asia LLC, until this matter is resolved the Company has no active operations.
Immediately upon learning of these developments, the matter was reported to the Mongolian Police who have conducted an investigation and interviewed those involved. As a result of their investigation, the Mongolian Police have recommended to proceed with a criminal trial. Such trial is pending for those accused of this action.
Discussions are now underway between the accused and the Company to reach an agreement to transfer the shares of Garrison Asia LLC back to the Company. The Company will provide further details as this matter proceeds.
Although this is a very serious situation, Garrison hopes to resolve the matter as quickly as possible such that the Company can continue with its normal operations. The Company's Board of Directors remains unchanged and the Company's transfer agent remains in place.
As a result of the unauthorized transfer of the shares of Garrison Asia LLC, the Company no longer has assets sufficient to satisfy the Continued Listing Requirements ("CLR") of the TSX Venture Exchange. Therefore, the Company has been placed on 90 day notice to evidence its ability to satisfy CLR or be transferred to NEX. The Company's shares will be reinstated to trading on May 24, 2011, pending dissemination of this news release.
Hopu sells half Winsway Coking stake for $82 mln
HONG KONG May 20 (Reuters) - China-focused private equity fund Hopu Investment Management Co sold nearly half its stake in Winsway Coking Coal Holdings (1733.HK) for around $82 million on Friday, Winsway said.
Hopu subsidiary Winstar Capital Group sold 163 million shares at HK$3.92 at the end of a six-month lock-up period.
Winsway raised $473 million in a Hong Kong IPO last year.
The company is one of China's major integrated importers and distributors of coking coal, accounting for around 65 percent of total Mongolian coal imported into China in 2009, based on SXcoal's import data. [ID:nTOE68T08V]
Hopu owns almost 5 percent of the company after the sale.
MMC's (0975) trial run shows strong execution
May 18 (ETNet) Citigroup cited Mongolian Mining (00975) stating that its first washing plant (CHPP) near its UHG mine site has started trial run.
The research house noted that the start of the washing plant is largely in line with the company's original plan, showing strong execution capability.
In addition, it would enable the company to produce and sell washed coal, reducing logistic costs. With washed coal products, the company will also be able to gradually expand its customer base, including end-users.
Citi maintained its "buy" call on the stock, with a target price of HK$10. (KL)
Fresh Casualties as Tavan Tolgoi Highway Resumes
May 20 (UB Post) The resumption of coal trucking from Umnugobi Province to China four days ago was previously reported, over twenty days after Mongolia halted truck deliveries of coal from this province due to a spate of accidents on a dirt road running from the Tavan Tolgoi coal deposit.
Soon after the re-opening of the road, a large accident occurred on May 16th claiming two lives and a serious injury.
On a road three kilometers south of the center of Javkhlant in Khanbogd Soum, Umnugobi Province, three heavy trucks loaded with coal crashed into each other. Lung, a Chinese driver and B, a Mongolian driver, both died instantly.
The driver of the third truck, who is Mongolian, was sent to the nearest hospital with a serious injury.
Hong-Kong listed Mongolian Mining Corporation (MMC) ships coal from its open pit-mining at Ukhaa Khudag deposit located within the Tavan Tolgoi coal formation in South Gobi, through an existing gravel road. MMC said it had improved safety conditions on the road, meeting the demands of Mongolian officials, who lifted the trucking suspension on May 14.
However, the local people say the situation is opposite. “All statements that safety conditions on the gravel road have been improved are lies” said a local resident to Unuudur Newspaper.
MMC is building a new, 245 km hard-surface paved road parallel to the existing coal transport gravel road from Ukhaa Khudag to Gashuun Sukhait.
As of the 31st December 2010, approximately 65% of the work volume of the road had been completed, and once fully completed it will have a capacity to transport up to 18.0 Mt p.a. Prior to the completion of the railway project, MMC intends to use this road as its primary transportation link to China.
In 2010 alone, 23 people died in 31 road accidents on the Tavan Tolgoi highway, plus another three fatalities in the first quarter of 2011.
Immigrant Workers Enter Oyu Tolgoi In Storm of Dissent
May 20 (UB Post) The decision to employ 6949 workers from China in Oyu Tolgoi upset the people of Mongolia to new levels, especially due to the high rates of unemployment. The four side negotiation was made on May 16 between the Mongolian government, the Mongolian Labor Union, their employers and Oyu Tolgoi.
S.Ganbaatar, the head of the Mongolian Labor Union, clarified that “We demanded Oyu Tolgoi authorities not to import these 6949 workers from China.
But they said they were keeping their employee balance 60:40, in agreement with their government contract.
If so, Oyu Tolgoi must employ an additional 11 thousand Mongolians. Thus, on 21-22 May, a working group of investigators will conduct a labor examination in Oyutolgoi. The examination result will be reported to the public in late May.
Besides the Chinese workers, the investigators will determine whether the average Mongolian worker is paid 10 times less than Canadian and Korean workers.
…
Australian court enforces Mongolian award
May 11 (Lexology) Mallesons’ International Arbitration team has successfully acted for a Mongolian mining company in enforcing a Mongolian arbitral award in the Supreme Court of Victorian a judgment that clarifies the Australian law on enforcement of awards under the New York Convention and paints a positive picture of arbitration in Mongolia.
The judgment interprets for the first time sections 8 and 9 of the Australian International Arbitration Act 1974 (as amended in 2010) – provisions which reflect articles IV and V of the New York Convention. It holds that a party seeking enforcement need only comply with the formal requirements set out in article IV - such as submitting a written copy of the award and a valid arbitration agreement - without the burden of proving the elements of those requirements.
Justice Clyde Croft, who is in charge of the Commercial Court Arbitration List of the Supreme Court of Victoria, enforced a 2009 award of the Mongolian National Arbitration Centre at the Mongolian National Chamber of Commerce and Industry. The award was made pursuant to Mongolian law, which the parties selected in preference to Hong Kong law (also permitted under the contract). It was verified by the Khan-Uul District Court in Ulanbataar.
Australia and Mongolia are both parties to the New York Convention, which they signed in 1975 and 1994 respectively.
The award ordered IMC Mining Solutions of Brisbane to pay Mongolian-registered Altain Khuder LLC US$5.9 million damages plus some US$50,000 arbitration costs, on behalf of IMC Mining Incorporated, a company registered in the British Virgin Islands. Both companies had been named as defendants in the arbitration, which concerned a contract to operate and manage the Tayun Nuur Iron Ore Project in Mongolia (one of the country’s leading mines).
…
Justice Croft’s decision was appealed by IMC Mining Solutions Pty Ltd. The appeal was heard on 29 and 30 March 2011 before Chief Justice Warren and Justices Kyrou and Hansen. The appeal decision is pending.
STOCK EXCHANGE WEEKLY REVIEW
May 22, Ulaanbaatar, Mongolia, /MONTSAME/ Five stock trades were held at Mongolia's Stock Exchange on May 16-20. In overall, 1.3 million shares were sold of 64 joint-stock companies totaling MNT 956.3 million.
Index TOP-20 was 20538.02 points increasing 129.9 units or 0.6% against the week earlier. The total market capitalization was set at MNT two trillion and 86.8 billion increasing MNT 74.9 billion or 3.75%.
Shares of "Erdenet suvarga" /32.0%/, "Shivee ovoo" /31.1%/, and "Khosog trade" /30.6%/ increased, but shares of "UB BUK" /25.0%/, "Boonii khudaldaa" /20.0%/, and "Almaas" /19.6%/ decreased.
28 stocks closed higher, 18 shares declined and 18 shares remained unchanged. Shares of "Mongol shiltgeen" /823.5 thousand/, "Khokh gan" /225.9 thousand units/ and "USIB" /67.4 thousand units/ were the most actively traded in terms of trading volume and in terms of trading value--"Mongol shiltgeen" (MNT 494.1 million), "Tavan tolgoi" (MNT 90.0 million), and "Sharyn gol" (88.5 million).
Mongolia’s future as commodities exporter
May 20 (FT) Mongolia is going to be a major future supplier of commodities from coal through gold to copper – and maybe even crude oil. But how soon will this landlocked country with a population of 3m really begin delivering these resources to the world in a significant, market-moving way?
After spending a week in the Mongolian capital and speaking with everyone from the prime minister to coal miners, my sense is that no one is in any rush to boost exports of natural resources.
Although Mongolia is located right next to its biggest customer, China, their history of rivalry makes Mongolia suspicious of its southern neighbour. And capricious politics – parliament has tried to oust Dashdorj Zorigt, minister for mineral resources and energy, twice this year – mean that economic logic is sometimes subordinate to politics or nationalism.
Take the development of Tavan Tolgoi, by some calculations the world’s second-largest coal deposit. The government recently scrapped plans to build a railway directly to the border, less than 300km away, even after feasibility studies and initial permits for the line had been granted. Instead a new line will go east, connecting the mines to the Trans Mongolian Railway that leads to both Russia and China, albeit by a longer route.
Politicians from both sides of support the decision. It will help develop Mongolia’s domestic processing industry, they say, pointing to plans for an industrial park in Sainshand, where the railroad from Tavan Tolgoi will connect to the trans-Mongolian line. And with coal-washing plants in place, Mongolia’s minerals can fetch a higher price. (Word on the street in Ulan Bator, the capital city, has it that Chinese traders are offering as little as $150 per tonne for unwashed coking coal – yes, coking coal – at the border town of Gashuun Sukhait, where coal from South Gobi province is trucked out along a dirt track.)
The new rail line will also allow Mongolia to play China and Russia off each other to see who can offer the better price, and it is understood that Mongolia is negotiating for port access via the Chinese rail system, ideally allowing exports of coking coal to anywhere in the world. And if the politicians are right, companies will be lining up to get a piece of the action in Sainshand. According to one banker, engineering group Bechtel is bidding for a role in the planning and development of the industrial zone.
This approach is part of a broader strategy: politicians seem focused on developing the resources sector in a way that gives Mongolia the best deal.
There will be a general election in about 12 months and everyone wants to able to tell their constituents that they are defending Mongolia’s national interest, particularly in terms of China. There’s something of a rush for the government to complete the planned IPO of part of the Tavan Tolgoi deposit before the elections take place, a process that would give 10 per cent of the shares to every man, woman and child in Mongolia. But there is much less urgency on developing the infrastructure to get the coal to market.
There are some exceptions to this pattern: the Oyu Tolgoi mine, which is co-owned by Rio Tinto, Ivanhoe and the Mongolian government, is ahead of schedule and will come online next year. The copper and gold produced there will be shipped out by truck, posing fewer logistical difficulties than the bulky coal. But still, the investment agreement governing the mine took more than five years to negotiate and remains a source of intense political debate.
This caution may not be a bad thing for Mongolia: already the currency is straining under the influx of foreign investment. But it is certainly a frustration in Beijing, where state-owned mining companies can be heard waxing eloquent about their northern neighbour. Not to mention the fact record prices for thermal coal have caused power outages in some Chinese provinces. China may have to wait a little longer though, before Mongolia really comes online.
Mining fuels Mongolia's 'wolf economy'
May 20, Beijing, China (CNN) -- Mongolia has always conjured a mix of exotic appeal and isolation. Sandwiched between Russia and China, the remote nation has for decades endured severe economic stagnation and political repression.
That seems to be changing. Some 20 years after dismantling the country's Stalinist system and bringing about greater political freedom, Mongolia is now "the wolf on the move," as they say in the capital city of Ulan Bator. Like the much-vaunted Asian Tigers of the 1980s -- Singapore, Taiwan and South Korea -- the Republic of Mongolia is now branding itself as the "wolf economy." Its strategy: leverage Mongolia's vast natural resources to boost socioeconomic growth.
With only 2.5 million people, Mongolia sits in an area three times the size of France. Its sprawling, mostly desolate territory boasts of massive deposits of copper, coal, iron, gold, uranium, zinc and other natural resources. Experts say it probably has oil and rare earth elements, too.
"Under any scenario, even if and when commodity prices fall substantially from their current levels, Mongolia's per capita GDP is heading for advance economy levels in the coming 20 years," says a Western economist who has lived and worked in Mongolia for two decades. He has asked not to be named because of concerns it could jeopardize his work relationships in China and Mongolia.
Mining mania is sweeping the country. Mining companies from various countries are lining up to do business and sign lucrative deals.
Mongolia hopes to raise US$25 billion in investment over the next five years, government officials tell CNN.
GDP last year rose more than seven percent, buoyed largely by the mining boom. Government officials forecast sustained faster growth over the next five years -- unless the "the wolf on the move" falters and trips.
Economists warn of what some call "resource curse." As a young democracy, observers say, Mongolia remains susceptible to corruption, mismanagement and myopic policies. "There's a sort of mining mania but also a mining phobia, even hatred," President Tsakhia Elbegdorj tells CNN's Stan Grant. "What will happen?"
The government now needs to ensure that the mining wealth trickles down to the needy. "Investment in education, health care, infrastructure and other long-term determinants of productivity have not been adequate," the Western economist said. "All those sectors are difficult for Mongolia, with its large land mass, sparse population, nomadic traditions and harsh climate."
Daily life remains harsh for the poor who live outside the capital. Most live off government handouts of less than $20 a month. "Life is very difficult. We can't do anything," said animal herder Chaoga, who lives with her husband and three children in a fur tent, known locally as ger. "If we go to the city, we can't afford to buy anything."
What the country needs, Mongolia-watchers say, is a long-term vision. "To date there has been more of a tendency to squabble over division of today's revenues than to focus on medium- and long-term goals," the Western economist said. "One example which is critically important is the national crisis with alcoholism. Simply transferring more money to people without ridding the society of the scourge of alcoholism will have horrific results."
Challenges also loom outside Mongolia's borders. "I usually describe my country as a little pony between two big elephants," said Elbegdorj, referring to Russia and China.
As a landlocked nation bordering China, Mongolia grapples with its larger neighbor's growing influence in the region. It has deftly fended off Beijing's political pressure on sensitive issues. For example, it has periodically invited the Dalai Lama to visit -- Tibetan Buddhism is a traditional religion there -- at the risk of provoking the ire of Beijing.
Still, Mongolia remains hard-pressed to avoid over-dependence on China, its major trade partner and main market of its mineral resources. "Maintaining good relations with China will always be important," says the Western economist. "But there are many counterweights available, and the Mongolians are skilled at utilizing them." Mongolia is actively building its economic ties with Russia, Japan, the US, Canada, Turkey and other countries.
Mongolia's top leaders say they are determined to learn from the failings of other resource-rich countries and make their resources a blessing, not a curse. The government is working on laws to tighten mining regulations, avert over-exploitation and plug corruption.
Leaders say they are aware the stakes are high -- and that corrupt tyrants do not last in power. "If we put the money in our own pockets, we will end up badly," Elbegdorj said. "We know that."
Germany wants part in Mongolia's mining sector
Ulan Bator, May 20 (Xinhua) -- The Mongolian mineral resources and energy minister says that Germany intends to develop a strategic partnership with Mongolia and wants a part in the country's mining sector.
Minister D. Zorigt spoke with local reporters after Wednesday receiving a German delegation headed by Bernd Pfaffenbach, State Secretary of Ministry for Economics and Technology.
Zorigt told reporters the two sides talked about some local projects that German companies have invested in. They also discussed, he said, the necessity to develop a strategic partnership that can help Mongolia acquire Germany's technology and help Germany get into the mining sector.
Zorigt also said some specific aspirations were expressed by the delegation. For instance, Deutsche Bank, one of the four shortlisted bidders competing for management of the IPO of the giant Tavan Tolgoi coking coal deposit, also wants to participate in the construction of a new railway.
Location of power plant in Gobi to be decided soon
May 20 (news.mn) Minister of Mineral Resources and Energy D.Zorigt answers our journalist’s questions on his report at the Government meeting on Wednesday on the status of implementation of the Oyutolgoi project.
What decision did the meeting take on your report?
The Government decided to start work on a power plant in 2012 itself, even though the plan was to start building it in 2016. The plant would be the largest source of energy in the Gobi region. The Ministry would submit initial plans of the plant to the Government in June. Erdenes Tavantolgoi LLC and Oyutolgoi LLC would take part in the construction.
Where would it come up and when will the feasibility studies be made?
Oyutolgoi LLC has already prepared a techno-economic study of a plant in the Oyutolgoi deposit area. If we decide to build it in the nearby Tavantolgoi deposit area, a joint team of the two companies can work on a further study.
Did the meeting discuss the water issue?
We have taken certain decisions on this difficult issue but are yet to receive access to the land through which the pipes to bring the water will be laid. Prime Minister S.Batbold has spoken to local officials about the urgency and asked them to finish the paper work quickly.
When would the agreement be signed?
We are talking with the investors on this and hope a date will be fixed in the near future.
What did you discuss with delegates from the German Ministry of Economics and Technology?
We discussed investment by German companies in some definite projects in the mining sector and also the need for a strategic partnership that will allow Mongolia access to German technology and will attract investment in processing factories.
Did they identify any projects?
Deutsche Bank wants a part in constructing the new railway; a German company is among those shortlisted in selection for the operator company in the Tavantolgoi deposit; some companies are interested in factories to wash or coke coal. They have to know how much finance will be needed, and what sort of export insurance is possible and what help they can expect from banks and the Government in Germany.
RESOLUTION APPROVED ON OPENING GENERAL CONSULATES
May 19, Ulaanbaatar, Mongolia, /MONTSAME/ On Wednesday, a plenary meeting of the parliamentary session discussed a parliamentary draft resolution on opening general consulates of Mongolia in San Francisco, Osaka and Hong Kong. It has been adopted by parliaments with votes of 87.5 per cent of MPs.
Thanks to the resolution, the general consulates in these places will open. Only in San Francisco the consulate will have own house which has been sold to Mongolia at a mortgage loan. The Mongolian side has paid the advance of 10 per cent for the house, and the remaining will be paid off within 30 years.
The consulates in Osaka and Hong Kong will be placed in rental houses.
G.Zandanshatar: Mongolia plans to open Embassy in Italy and Hong Kong
May 20 (business-mongolia.com) --
Q: Yesterday’s session of the SGK discussed and supported the idea of forming Embassies and Councils in few countries. What are the main advantages of the establishments of these councils?
G.Zandanshatar: About 15 thousand Mongolian citizens work and live in the western cities of USA. Therefore the councils are required to be established. Four to five thousand Mongolians travel to Hong Kong annually. Other than this, we can see that lots of people are affected by human trafficking and drug related crimes. We also have some citizens who work and live In Hong Kong illegally. International research shows that many women work and live in Hong Kong and Macao illegally. Last few years alone we brought back 99 citizens who were victims of those types of crimes. That is a council is required to protect the citizens.
In addition, Hong Kong is one of the centers for Finance and Stock. Movement from Mongolia to Hong is increasing due to big growth in Mongolia. Recently Mongolian Airline established a direct flight to Hong Kong which shows increased movement. These are why we need to improve our External relations works in these countries.
Q: How many citizens live in Japan? Where exactly the new Councils will be established in Japan?
G.Zandanshatar: These were discussed yesterday. Around two thousand Mongolians study and live in the areas of Osaki and Kansai. These cities are powerful economic centers and so the Councils are required in the Southern areas of Japana.
Q: What are the next destinations to establish Embassy or Council?
G.Zandanshatar: First of all, we are analyzing to establish Embassy in Italy.
Q: How many Mongolians live in Italy?
G.Zandanshatar: Handful of Mongolians lives in Italy. One of the reasons to open Embassy in Italy is to connect with large number international organizations in Rome. It is very beneficial to our economy if we connect with large organizations like World’s Agriculture organization. In addition, it is our very positive to our External Relations policy if we open Embassy in one of G8 countries.
Q: Lately, there are lots of speculations about foreign countries exporting nuclear waste to Mongolia. What works are being done by the Ministry of Foreign Affairs?
G.Zandanshatar: In the Mongolian Law, It is clearly stated that it is prohibited to bring in or import wastes and nuclear wastes into the country. Ministry of Foreign Affairs is working with the related officials to amend draft on prohibiting import of nuclear waste. This I think will be discussed in the next week’s government meeting.
Penn team to study climate change in Mongolia
May 19 (Univ. of Penn.) Beginning next week, more than a dozen students, staff and faculty from Penn’s Department of Biology will begin a long and arduous trek into the steppes of Northern Mongolia as part of the National Science Foundation’s Partnerships for International Research and Education (PIRE).
Penn’s involvement with the PIRE project began in 2008, through an association with Bazartseren Boldgiv, a Penn alumnus and an assistant professor of ecology and environmental science at the National University of Mongolia. Faculty and students from his department will connect with the Penn contingent in the field.
“The project is about trying to understand how climate change will effect that part of the world,” says Penn biology professor Brenda Casper, one of the operation’s principal investigators. “We don’t know very much about the ecology there.”
Finding an answer requires simulating the effects of climate change on the remote, semi-arid region’s plant population. With as much as a third of Mongolia’s population living as nomadic herders, small changes in local plant life could have a profound effect.
The researchers will use miniature greenhouse chambers to alter the temperature of the ground, and will also experiment with changes to the amount and frequency of rain and animal grazing the chambers receive.
“We can project into the future the kinds of changes the plants and soil microbes will experience,” Casper says.
Dan Brickley, a 2010 Penn alumnus who now serves as project coordinator of the PIRE Mongolia grant, says working with the locals, both herders and scientists, is crucial to the project’s success. He says the exchange of research methods and cultures, and hearing their personal accounts of changes in recent growing seasons, are irreplaceable experiences.
Beyond preparing some of the projects logistics, Brickley is helping connect Penn undergraduates with their Mongolian counterparts so they can start collaborating on their own experiments. He is also setting up a blog where students can write about their experiences from the field.
“Science doesn’t just happen in this sterile lab, where we’re all wearing white jackets,” Brickley says. “It can happen in the field, where things go terribly wrong—or terribly right.”
That kind of public education is important for the next generation of scientists.
“Climate change is such a big issue, especially how it is affecting a developing country like Mongolia,” he says. “It’s important for students to see how the science is done and see if this is a career they might be interested in pursuing.”
Misc
Dunes Struck
Camel trekking, ger camping, fossil hunting and discovering the rugged beauty of Southern Mongolia's entrancing Gobi Desert
May 21 (WSJ) Gobi Desert riddle: What has fangs, hisses, draws flies and is easily freaked? A double-humped Bactrian camel (of course).
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<Mogi & Friends Fund A/C>
Historic +25.6%, Qtd -28.6%
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.
Flat from Thursday.
Mogi
---
"Mogi" Munkhdul Badral
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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