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 2, 2010 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.057 | -0.004 | 0.057 | 0.058 | 0.062 | 0.062 | 0.056 | 7,575,105 | |
1.565 | 0.020 | 1.520 | 1.565 | 1.500 | 1.565 | 1.455 | 585,128 | |
0.420 | -0.050 | 0.420 | 0.425 | 0.430 | 0.460 | 0.420 | 215,000 | |
0.840 | -0.060 | 0.820 | 0.845 | 0.890 | 0.890 | 0.785 | 2,975,270 | |
0.550 | 0.000 | 0.550 | 0.600 | 0.000 | 0.000 | 0.000 | 0 | |
0.018 | -0.002 | 0.018 | 0.019 | 0.017 | 0.019 | 0.016 | 28,622,414 | |
0.007 | 0.000 | 0.005 | 0.007 | 0.007 | 0.007 | 0.007 | 660,000 | |
0.055 | 0.000 | 0.055 | 0.056 | 0.057 | 0.058 | 0.052 | 4,558,660 | |
0.180 | -0.005 | 0.175 | 0.185 | 0.175 | 0.185 | 0.170 | 431,000 | |
1.100 | -0.030 | 1.090 | 1.100 | 1.095 | 1.135 | 1.045 | 742,561 | |
0.255 | -0.005 | 0.250 | 0.265 | 0.260 | 0.265 | 0.250 | 785,362 | |
0.500 | -0.060 | 0.485 | 0.500 | 0.520 | 0.520 | 0.485 | 262,216 | |
24.300 | 0.020 | 24.230 | 24.300 | 24.130 | 24.400 | 24.080 | 719,950 | |
82.720 | 0.510 | 82.700 | 82.800 | 82.250 | 82.950 | 81.650 | 2,222,685 | |
46.150 | 0.320 | 46.130 | 46.150 | 46.000 | 46.270 | 45.330 | 13,325,473 | |
Source: asx.com.au
General Electic opens office in Mongolia (and Signs Healthcare Distribution Agreement with Newcom)
May 2 (Business First) General Electric Co. (NYSE: GE) opened an office in Ulan Bator, Mongolia, in cooperation with its Mongolian partner, Newcom Group.
The new office is co-located with Newcom’s headquarters in Ulan Bator, the capital and largest city in Mongolia. The Asian country, with about 3.1 million residents, is located just north of China.
According to a news release from GE, its announcement follows an agreement with Newcom in September to explore a long-term partnership in key areas such as power, water, mining, aviation, railway, lighting and health care.
The GE Appliances & Lighting business unit is based in Louisville.
The release said GE and Newcom also signed a distribution agreement to supply a full range of GE health care products and introduce health care information technologies to the Mongolian market.
KIC buys small Noble Group stake
May 3 (Korea JoongAng Daily) Korea Investment Corp., Korea’s sovereign wealth fund, took a minority stake in Hong Kong-based commodity supplier Noble Group Ltd. as the two said they seek to jointly develop infrastructure projects.
KIC bought 59.3 million shares from Noble Holdings Ltd., a group associated with Noble Group founder and Chairman Richard Elman. The purchase, worth about $108 million at current market prices, equals about 0.9 percent of Noble’s outstanding shares. “The decision is part of the fund’s effort to diversify its investment portfolio,” said Kwon Yong-sung, a spokesman for KIC.
KIC and Noble’s interests converge in Mongolia, which plans to quadruple its rail network over the next decade to speed up development of coal, copper and rare earth deposits that target commodity buyers in Korea, Japan and China.
Noble has opened an office in Mongolia and is shipping coal from the region as it looks to make further investments in the Asian nation’s deposits.
Lotte Engineering & Construction is leading a Korean group’s bid to build the first 1,100 kilometers (680 miles) of rail that Mongolia needs to connect its biggest coal deposit, Tavan Tolgoi, with the existing network. State-run Korea Resources Corp. is also part of a Russo-Japanese-Korean group bidding to develop one sector of Tavan Tolgoi, which would include adding rail links to connect the deposit with Russia’s Far East ports.
Building infrastructure to link Mongolian mineral deposits with Russian ports would allow landlocked Mongolia to diversify its commodity sales outside neighboring China.
Noble last month more than doubled its stake in Aspire Mining, which is developing the Ovoot coking coal project in western Mongolia, to 8.6 percent.
The investment is the second by an Asian sovereign wealth fund in the commodities supplier. China Investment Corp. bought a 14.7 percent stake in 2009 to become Noble’s second-largest share holder.
Guildford Coal intersects 8 metres of net coal in Mongolia
May 2 (Proactive Investors) Guildford Coal (ASX: GUF) has reported that Terra Energy LLC, in which Guildford has a 20% stake, has intersected eight metres of net coal contained within three seams at the company’s South Gobi Project in Mongolia.
Terra holds four exploration licenses at South Gobi and two exploration licenses at Middle Gobi. Terra Energy holds a 100% interest in six exploration licenses that are prospective for thermal and coking coal in the South Gobi and Middle Gobi regions.
Guildford has an option to increase its stake in Terra to 70%.
The deepest seam within the three has been estimated at 87 metres with coal intersected in drilling interpreted to be from Permian strata of the Deliin Shand suite.
Nearby MAK and Ovoot Tolgoi mines produce high volatile bituminous coals from the same Deliin Shand Group which are marketed as a mixture of both thermal and coking coal products.
South Gobi Energy Resources (HKG: 1878) operates the Ovoot Tolgoi mine.
Historical exploration at the site has provided the foundation for the current exploration of thermal and coking coal at South Gobi and the Middle Gobi Project.
Guildford has two drill rigs operating at South Gobi and one drill at operating within the Middle Gobi Project.
A mining licence application is being prepared for the project with expected lodging in the third quarter of this year.
C @ Limited Broadcast
May 2, C @ Limited (ASX:CEO) --
Credit Suisse Increases Haranga Stake from 6.1% to 7.14%
May 2, Haranga Resources Limited (ASX:HAR) --
<Mogi & Friends Fund A/C>
-9.9% QtD
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.
Not a good day for the Fund, but temporary no doubt.
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.
---
"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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