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 9, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.057 | 0.003 | 0.057 | 0.059 | 0.060 | 0.061 | 0.057 | 18,167,363 | |
1.540 | 0.010 | 1.525 | 1.540 | 1.530 | 1.545 | 1.500 | 148,582 | |
0.380 | -0.010 | 0.370 | 0.380 | 0.390 | 0.390 | 0.380 | 221,335 | |
0.800 | 0.085 | 0.800 | 0.805 | 0.715 | 0.810 | 0.710 | 4,443,729 | |
0.500 | 0.000 | 0.500 | 0.535 | 0.000 | 0.000 | 0.000 | 0 | |
0.017 | -0.001 | 0.016 | 0.018 | 0.018 | 0.019 | 0.017 | 2,171,132 | |
0.008 | 0.001 | 0.007 | 0.008 | 0.008 | 0.011 | 0.008 | 37,854,389 | |
0.060 | 0.007 | 0.060 | 0.061 | 0.053 | 0.066 | 0.053 | 32,529,375 | |
0.190 | 0.020 | 0.190 | 0.195 | 0.175 | 0.195 | 0.175 | 194,781 | |
1.100 | 0.000 | 1.100 | 1.110 | 1.100 | 1.110 | 1.090 | 802,736 | |
0.265 | 0.000 | 0.265 | 0.270 | 0.265 | 0.265 | 0.265 | 108,360 | |
0.530 | 0.010 | 0.530 | 0.535 | 0.520 | 0.540 | 0.510 | 372,564 | |
22.830 | -0.670 | 22.820 | 22.860 | 23.350 | 23.390 | 22.540 | 2,137,840 | |
80.010 | 0.440 | 80.010 | 80.020 | 80.010 | 80.750 | 79.760 | 2,526,649 | |
44.750 | 0.170 | 44.750 | 44.760 | 44.870 | 45.210 | 44.750 | 9,583,122 | |
Source: asx.com.au
Voyager to acquire second major porphyry copper project in Mongolia
May 9 (Fortbridge) Voyager Resources (ASX: VOR) has entered into an agreement to acquire up to 80% of the Khul Morit Copper Project in the Gobi Region of Mongolia.
Highlights:
· The project comprises five exploration licences for approximately 50 square kilometres of highly prospective ground.
· Limited drilling conducted to date has returned highly encouraging shallow high grade copper mineralisation, including:
o 27 metres at 2.09% copper from 28.8 metres (KH04), including:
§ 12.5 metres at 3.63 % copper from 43.3 metres
· Previously completed drilling has been ineffective in testing recently acquired Induced Polarisation (IP) and ground magnetic geophysical targets.
· Two high order gradient array IP anomalies have been identified; the anomalies extend for over 800 metres and 2,500 metres respectively. These IP anomalies are broadly consistent with identified copper mineralisation identified at surface.
· Mineralised intersected in KH04 is located on the periphery of the smaller 800 metre long IP anomaly and remains open along strike and down dip.
· Geophysical surveys, including more expansive IP, ground magnetics and gravity are now planned to commence at Khul Morit within two weeks, with drilling to follow shortly after.
· Voyager plans to complete at least 10,000 metres of Reverse Circulation and diamond core drilling in 2011 at Khul Morit
· This is an exceptional project located within an underexplored “World Class” Porphyry Belt that hosts the Giant Oyu Tolgoi Porphyry Deposit.
Japan, U.S. plan nuclear waste storage in Mongolia -paper
May 9 (Reuters) - Japan and the United States plan to jointly build a spent nuclear fuel storage facility in Mongolia to serve customers of their nuclear plant exporters, pushing ahead despite Japan's prolonged nuclear crisis, the Mainichi daily said on Monday.
A Trade Ministry official said Japan, U.S. and Mongolia officials, at a meeting shortly before Japan's March 11 earthquake, informally discussed possible construction of a nuclear waste storage facility for countries with nuclear power plants but no spent fuel storage capability of their own.
He said there were no concrete plans at this time but the ministry would consider such a project if Mongolia were interested.
The Mainichi said the facility would allow Japanese and U.S. nuclear plant exporters, which include joint ventures and units of General Electric , Hitachi and Toshiba , to better compete with Russian rivals that offer potential nuclear plant customers spent fuel disposal in a package.
Mongolia plans to have its first nuclear power plant by 2020 and to build nuclear fuel production capacity to tap its rich uranium resources, undeterred by the crisis at Japan's Fukushima nuclear power complex, a senior official at the state-owned MonAtom LLC said in April.
MonAtom represents the Mongolian government in mining and developing the country's uranium resources.
The trade ministry official denied the Mainichi's report that the three countries had originally planned to sign a deal on the spent fuel disposal project in February but it was postponed as Japan's Foreign Ministry opposed the schedule, citing a lack of consensus among Japanese ministries.
The Mainichi said a new date had not been set in the wake of the March 11 earthquake and tsunami in northeast Japan, which triggered cooling system malfunctions at Tokyo Electric Power Co's Fukushima Daiichi nuclear plant and led to radiation leaks into the atmosphere and the sea.
Engineers are still struggling to bring the plant under control.
Related:
US, Japan Pushing to Dispose Nuclear Waste in Mongolia – Arirang, May 9
Japan, U.S. negotiating construction of nuclear waste facility in Mongolia – Mainichi, May 9
Mongolia Supreme Court says group can't register as MPRP
ULAN BATOR, May 5 (Xinhua) -- The Mongolian Supreme Court has declined to allow a splinter group to register as the Mongolian People's Revolutionary Party (MPRP), a title dropped by the nation's ruling party last November, local media reported Thursday.
Led by Nambaryn Enkhbayar, the former president as well as ex-MPRP chairman Nambaryn Enkhbayar, the group seperated from the MPRP when it decided to retake the Mongolian People's Party (MPP), a name it had used in the early 1920s.
The Supreme Court ruled that breakaway members of a political party could not use the name, symbol, flag, seal or assets of the party if it decided to reorganize itself or change its name.
China provides aid to help boost Mongolia's food production
ULAN BATOR, May 4 (Xinhua) -- China on Wednesday delivered farm machinery and crop seeds to the Mongolian government to help Mongolia boost its food production.
The agricultural machinery, worth 900,000 yuan (about 138,000 U.S.dollars), included middle- and small-sized tractors,seeders and weeders.
The aid was delivered in accordance with an agreement reached by China, Mongolia and U.N. Food and Agricultural Organization (FAO) in 2010 to implement the South-South Cooperation program.
Under the program, China will offer aid to the developing countries in various forms, including providing agricultural equipment and farming techniques, sending agricultural specialists, building several model projects on fodder production, animal husbandry, greenhouse cultivation and so on.
China had established an trust fund worth 30 million U.S. dollars in the FAO to help the developing countries improve their agricultural production, and Mongolia had become the first country using the fund.
Mongolia, UN hold int'l meeting on cooperatives
ULAN BATOR, May 3 (Xinhua) -- The Mongolian government and UN Social Perspective on Development Branch (SPDB) jointly held here Tuesday an expert group meeting themed "Cooperatives in Social Development: Beyond 2012."
About 100 representatives from UN organizations, International Labor Organization and International Cooperative Alliance, as well the United States, Canada, Germany, the Philippines, Japan, Kenya, Sweden and Vietnam attended the three-day meeting.
"I would like to thank all participants of the meeting on behalf of myself and the government of Mongolia," Mongolian Deputy Prime Minister Miyegombo Enkhbold said in the welcome address.
According to him, Mongolia was the initiator of UN resolution "Cooperatives in Social Development," which was passed by the General Assembly in 2009 and calls to mark 2012 as international year of cooperatives.
The meeting was convened to support the resolution, Donald Lee, Chief of SPDB, said.
He added that the United Nations has for a long time recognized the importance of the cooperative movement as important partner on the implementation of the UN development agenda.
Lee also called the UN member states to highlight the role and contributions of the cooperatives, and advance the promotion of cooperatives worldwide.
During the three-day meeting, participants will discuss various subjects including capacity building of cooperatives, creating effective policy and legal space for cooperatives and promoting good practices among cooperatives.
Mongolia has several hundred agricultural cooperatives and herders' groups in rural areas as well as consumer and savings cooperatives in urban areas.
Bankers chase a new era emerging in Mongolia
Unlike most of the world, Mongolia is in the middle of a stock market boom. Its main index was the fastest-growing in the world last year, up by 132%. It doubled in size again in the first three months of this year, before falling by 50%, but is still 50% higher than it ended 2010.
May 9 (Financial News) The stock market performance is being driven by the global commodities boom and by optimism in the potential of the country’s huge untapped mineral resources. They include the Oyu Tolgoi copper and gold mine, being developed by Ivanhoe Mining and Rio Tinto. The mine will begin commercial production in 2013 and will produce 450,000 metric tonnes of copper and 650,000 troy ounces of gold a year.
…
Narantuguldur Saijrakh, general manager of Asia Pacific Investment Partners in Ulaanbaatar, said: “The deal with the LSE has given everyone a lot of confidence in the country’s stock market and its growing importance. The government really wants to do the privatisations properly this time and re-distribute the wealth properly. In the 1990s, the government conducted a voucher privatisation, but it didn’t work well. Some people burnt their vouchers, others sold them far too cheap, others held on to them, but still don’t realise they are worth some money.”
…
<Mogi & Friends Fund A/C>
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.
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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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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